The fifth meeting of the Boston FP&A Board was held on the 17th of September 2019. The purpose of the meeting was to address Driver Based and Predictive FP&A.
The course of managerial accounting dedicates up to two chapters on the subject of budgeting. Going into these types of budgets may be helpful for students but I don’t want this article to be a repeat of what appears in textbooks. I want this article to focus on the process of financial planning and how it can be used in your company’s selling function.
The course of managerial accounting dedicates up to two chapters on the subject of budgeting. I don’t want this article to be a repeat of what appears in textbooks. I want this article to focus on the process of financial planning and how it can be used in your company’s production function.
A financial plan is a product used for guiding people’s actions toward the accumulation of wealth. As a product a financial plan is created from a variety of sources. One source used for creating a financial plan is finance.
A financial plan is a product used for guiding people’s actions toward the accumulation of wealth. As a product a financial plan is created from a variety of sources. One source used for creating a financial plan is accounting.
A financial plan is a product used for guiding people’s actions toward the accumulation of wealth. As a product a financial plan is created from a variety of sources. One source used for creating a financial plan is economics.
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Author's Articles
During 2019 I have contributed articles to FP&A Trends that have addressed financial planning. The articles have addressed financial planning from the perspectives of financial statements, fields of study, and business functions. The purpose of addressing financial planning from these perspectives is to provide insights into usage. Usage of financial planning is important because it begins a process of improving financial health. Improving financial health can be achieved when finance professionals use financial planning.
Businesses exist in order to improve the well-being of others. One approach businesses use for achieving this goal is the concept of people/process/technology. In businesses the element of technology is the responsibility of information technology (IT) departments; information technology is responsible for the acquisition, maintenance, and enhancement of technology. How can information technology improve its ability to acquire, maintain, and enhance technology? An answer is financial planning, thinking about how businesses can accumulate wealth.
Businesses exist in order to improve the well-being of others. One approach businesses use for achieving this goal is the concept of people/process/technology. In businesses the element of people is the responsibility of human resources; human resources is responsible for the acquisition, compensation, and teaching of people. How can human resources improve its ability to acquire, compensate, and teach people? An answer is financial planning, thinking about how businesses can accumulate wealth.
The purpose of your company’s administrative function is to support what your company sells. Support consists of departments like finance, human resources, and information technology; future articles will describe these departments in greater detail. The focus of this article is on administration as a whole.