A key role of the finance function is to deliver value-added insights to the rest of the organisation. Data is becoming increasingly vital to the success of businesses and needs to be properly captured, analysed and presented to a wide range of both internal and external stakeholders.
FP&A is a significant element of a finance leader’s responsibilities and there are now many dedicated career specialists who work within finance teams. This covers a range of activities including budgeting/forecasting, allocating capital, presenting trends, managing outcomes, suggesting initiatives, analysing data and benchmarking results.
You are increasingly required to perform these activities for both financial and non-financial data across the business. You will therefore need to work closely with other teams in order to successfully deliver this.
During this module, participants will:
- Understand the importance of Financial Planning and Analysis within your role;
- Learn the key areas to consider when performing FP&A;
- Determine which KPIs you should be measuring within your business;
- Working out how best to capture and process your data;
- Identifying the financial and non-financial data that you should include within your analysis;
- Improve your general skills for planning, forecasting, reporting and analysis;
- Identify ways to deliver FP&A to your wider organisation;
- Listen to best practice suggestions and case studies from experienced CFOs;
- Assess your current level of achievement within this competency;
- Determining how best to deliver your FP&A output to your internal and external stakeholders; and
- Create your development plan for building an effective FP&A process within your finance team.
This Module covers the following Topics:
- Allocating capital;
- Building financial models;
- Creating investment cases;
- Analysing data; and
- Managing outcomes.