Prediction is an important part of the work that FP&A practitioners do. This work has many challenges. One way to address these challenges is by minimizing the negative.
Karl Kern
Karl Kern has a BBA degree in Accounting from Temple University, and an MBA degree with a concentration in Finance from Babson College. After graduating from Temple University Karl started a career where he has established a reputation as a problem solver. Karl’s reputation as a problem solver is based on his ability to create as well as implement initiatives that have helped organizations increase revenues, decrease expenses, and improve cash flows.
Karl’s ability to create as well as implement initiatives is due to being a well-read individual with exceptional organizational skills and passion. It is Karl’s passion that guides him to improve the lives of not only himself but also those around him.
Author's Articles
Prediction is an important work that FP&A practitioners do. This work has many challenges. One way to address these challenges is by maximizing the positive. There are three steps in maximizing the positive.
Making predictions is an important part of our work as FP&A practitioners. Its importance is due to need but need can be hindered due to incomplete knowledge.
FP&A establishes the foundation for thinking and learning about how processes affect outcomes. These actions can be guided by broad and narrow framing. In order for FP&A to add value toward these actions, it must take an active role in establishing a framework through the chart of accounts.