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.

Stay tuned for more blogs and articles from great authors.

FP&A Insights

Can Accountants Grow the Beans Too?
January 22, 2019

By Gary Cokins,  Founder of Analytics-Based Performance Management

Gary Cokins (Cornell University BS IE/OR, 1971; Northwestern University Kellogg MBA 1974) is an internationally recognized expert, speaker, and author in advanced cost management and enterprise performance and risk management systems. He is the founder of Analytics-Based Performance Management LLC, an advisory firm located in Cary, North Carolina at www.garycokins.com .

He began his career in industry with a Fortune 100 company in CFO and operations roles. He then worked 15 years in consulting with Deloitte, KPMG, and EDS. From 1997 until recently Gary was a Principal Consultant with SAS, a leading provider of enterprise performance management and business analytics and intelligence software.

His two most recent books Performance Management: Finding the Missing Pieces to Close the Intelligence Gap (ISBN 0-471-57690-5) and Performance Management: Integrating Strategy Execution, Methodologies, Risk, and Analytics (ISBN 978-0-470-44998-1). Mr. Cokins can be contacted at gcokins@garycokins.com .

LinkedIn account: www.linkedin.com/pub/gary-cokins/0/15a/949

 

Despite some advances in the application of new costing techniques such as activity-based costing, are management accountants and FP&A professionals adequately satisfying the needs of managers and employee teams for decision-based cost information?

Is Zero-Based Budgeting Still Relevant?
January 21, 2019

By Carl Seidman, Principal, Seidman Global LLC

This article will emphasize that ZBB is not exclusively for small businesses. It discusses zero-based budgeting as a tool that can be used to improve a company's understanding of is processes, risks, and opportunities and does not need to be applied to every line or department impacted in the budget.

The challenge of FP&A: What limits the value of FP&A?
January 16, 2019

By Thorsteinn Siglaugsson, Consultant / Corporate Trainer / Manager

An INSEAD MBA and entrepreneur Thorsteinn has over 20 years of experience in management, consulting and training. He is chairman of Ultima BV, a company specialized in developing driver-based planning and budgeting solutions. He also runs his own consultancy with a focus on improving business performance, using the Beyond Budgeting approach to planning and budgeting, and the Logical Thinking Process methodology for strategy formulation and improvement programs, both in consulting assignments and corporate training. Thorsteinn is a member of the Beyond Budgeting Roundtable and a certified expert in The Logical Thinking Process.

Thorsteinn Siglaugsson)s LinkedIn account: www.linkedin.com/in/siglaugsson/

​The daily routine of FP&A professionals revolves around providing reports and analyses for senior and operational management, to manage core processes such as budgeting, forecasting, cost allocation and consolidation. And usually they are hard-pressed for time.

Making the Complex Easy to Understand: Analytics & Visualization
January 15, 2019

By John Sanchez, Keynote Speaker, Corporate Trainer and Author

John Sanchez is Managing Director of financial planning and training consultancy FPA Group, LLC . He has more than 20 years’ experience including working at a top ten accounting firm, mergers and acquisitions work for Fortune 500 companies, and leadership positions in consolidated business groups such as Royal Caribbean Cruises and AutoNation. John has substantial experience in capital and strategic planning with proven skills in large-scale budgeting, forecasting and financial planning.

Since his move into developing business training courses for financial professionals in the areas of communications, financial planning and analysis, budgeting and forecasting, John has established a clientele including solo start-ups and multi-billion dollar conglomerates in an eclectic array of industries. Among his many projects, he was hired by the Association of Financial Professionals (AFP) as the instructor for the inaugural exam preparation course for the Certified FP&A Professional certification.

John holds a bachelor’s degree in accounting and has served as a member of the board of directors for several organizations.

LinkedIn Profile: https://www.linkedin.com/in/fpajohn/

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.

Pages