The International FP&A Board has launched its 18th global and 5th North American chapter in Chicago, USA, on the 12th of April.
Three very successful meetings in three amazing American cities (in San Francisco, Seattle and Chicago). Chicago was the last one on the tour.
The Meeting's Agenda
In April, the International FP&A Board successfully opened its 4th USA and 17th global chapter in Seattle, Washington.
This April, we have opened a new chapter of the International FP&A Board in San Francisco. This is our 16th chapter globally and the 3rd one in North America (after New York and Boston).
By Karl Kern, Accountant / Lecturer / Writer
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.
Although there are some substantial differences between Financial Modelling and Predictive Analytics, both help us cope with uncertainties and make better decisions.
The third New York FP&A Board was debating on FP&A Business Partnering this March. It happened just a day after the unexpected winter storm. Despite the harsh weather conditions and some related last minute cancellation, the meeting was well attended and was a great success. 20 senior finance professionals exchanged their knowledge and expertise. Each of them represented a company such as Avon, Siemens Healthineers, Sterling Talent Solutions and others.
Is it A New Era of Zero-Based Budgeting? The 19th London FP&A Board was actively debating on the subject this March. Zero-Based Budgeting is an old concept that evolved significantly in the last couple of years.
In a rapidly changing business environment, the traditional, out-dated budgeting mentality is being challenged more and more. While the process of moving away from a traditional budgeting mentality is painful and slow, it is happening around the globe. The question is, are we ready to abandon the traditional budget completely?
We are always working towards improving the quality of the FP&A Board meetings and would value your feedback.
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Many experts agree that IBP has a monthly check and balance with the budget and the strategic intentions of a business. Therefore, a well-executed IBP cycle will provide monthly visibility and measures progress against business objectives and strategy in the long-term horizon.
This article describes the four stages of Integrated Business Planning (IBP)
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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.