At a high level, the best-performing organisations take a more rigorous approach to FP&A. They have tightly integrated all the components of FP&A, merged operational and financial planning, and have a deep understanding of how operational metrics drive their financial results.
FP&A Insights
FP&A Insights is a collection of useful case studies from leading international companies and thought leadership insights from FP&A experts. We aim to help you keep track of the best practices in modern FP&A, recognise changes in the ever-evolving world of financial planning and analysis and be well equipped to deal with them.
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Over the last month, the Brexit weather becomes more overcast, with the House of Commons vote on Theresa May’s deal suspended due to evident lack of support from MPs. Almost every day has seen a storm, with the deal being attacked from all sides and the EU leadership maintaining a hard line.
By Karl Kern, Accountant / Lecturer / Writer
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.In 1992 a professor named Robert Kaplan and a consultant named David Norton created a measurement system called The Balanced Scorecard. A reason for creating The Balanced Scorecard was to go beyond financial statements in measuring what businesses do in order to improve performance.
The below article summarises an approach developed throughout the years of my work and explores ways to fully integrate FP&A with other divisions and remove barriers in cooperation.
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