To paraphrase the concept of Occam's razor, simpler explanations are generally better than more complex explanations. In a sense, the answer is in the question, "How do we make the complex easier to understand?" Keep the explanations simple.
Search results
By Karl Kern, Accountant / Lecturer / Writer
The purpose of an income statement is to describe the delivery of products or the provision of services. This purpose is seen as an end result of Financial Planning but this purpose can be seen as a starting point of Financial Planning. As a starting point of Financial Planning people should think about how to accumulate wealth from the delivery of products or the provision of services.
The New York FP&A Board will meet on the 28th of March 2019 for the fifth time. The professional debate will be devoted to the subject of the Integrated Business Planning.
The Boston FP&A Board will meet on the 26th of March 2019 for the fourth time. The professional debate will be devoted to the subject of Integrated Business Planning.
The Toronto FP&A Board will meet on the 21st of March 2019 for the second time. The professional debate will be devoted to the subject of FP&A Analytical Transformation.
By Andrew Codd, Founder and Lead Producer The Strength In The Numbers Show
The author Andrew Codd is the producer of the Strength in the Numbers Podcast which interviews real finance practitioners to break down their hard-won lessons and deconstruct their practical methods that work on the job and which you won't typically find in textbooks or exams so that we create more influential finance professionals worldwide who solve meaningful problems for their organisations and in return have fun, rewarding and successful careers in finance. The great thing about being in FP&A is that we get to observe in real life and hear stories about many interactions, good and bad, between many colleagues across the business.
The Chicago FP&A Board will meet on the 19th of March 2019 for the third time. The professional debate will be devoted to the subject of FP&A Business Partnering.
In this article, Steve Morlidge argues that the quality of business forecasting is unacceptably poor. He goes on to present six simple principles that will help executives significantly improve the performance of their forecast processes.
Imagine you have 3 minutes to explain to a six year old what FP&A is and what place it takes in a business ecosystem. Tough, isn’t it? What are things that a six year old would understand? For example, animals, right?
A twenty nine year old newly minted FP&A manager for an NYSE listed public company sat in utter bewilderment across CEO and CFO, as the CFO said to CEO, “the most important position in his department is FP&A”.