Emotional Intelligence is another essential skill set to add to the list for effective FP&A Leadership. Emotions drive the human race, and while the world of FP&A is home to many analytical number crunchers, emotion is the fundamental factor influencing decision-making.
Dr Amarendra Kumar
A proactive, analytical planner and an effective contributor combined with a flexible and holistic attitude and Leadership Style. Dr (CMA) Amarendra Kumar, PhD, FCMA, M.Com, CEP (IISc), MDP (IIM B) & (IIM –Amritsar) is now a Finance Advisor at DXC Technology. He is also an Honorary President of the Indian Society of Management Accountants (ISMA), Honorary Professor in Practice at Woxsen University. His previous experience includes working for Hewlett Packard, HCL Tech, Pyramid IT, and ICAI–CMA. He also has a background as an Educator in Business Schools.
Author's Articles
Traditional forecasts and plans typically use single-point estimates and metrics with little or no discussion of risks & opportunities (R&O), and without showing correlations among multiple R&O that could have a major impact on performance. R&O adjusted forecasting and planning is an approach to forecasting that generates a range of possible outcomes and probabilities based on an analysis of multiple variables of R&O.
There is evidence that FP&A interest is growing fast. Each and every day, CFOs feel the pressure building on the finance function to contribute more to business success. Within the CFO’s organization, the responsibility for tracking, assessing and reporting corporate performance normally falls to the Financial Planning and Analysis (FP&A) group.