Want to become a valuable FP&A analyst?
Follow this skill roadmap for achieving your goal! (View Tweet)
Note: Thread fp&a
1/6
Master all the analysis methods
-Learn Price Volume Mix
-Use sensitivity analysis
-Know how to calculate project variance (View Tweet)
-Combine horizontal and vertical analysis to know where to focus on
-Make Pareto your best friend
-Be the best at using B.O.T.E estimations (Back Of The Envelope) (View Tweet)
2/6
Get the most out of the IT Tools
-Make the machines work for you and not the opposite
-Identify the IT champions for each software
-Know all the data available
-Automate non-added value tasks to free up more time for analysis (View Tweet)
3/6
Know your accounting basics
-Understand the general accounting principles (especially revenue recognition)
-Know your accounting policies
-Be comfortable with your cost accounting methods
-Speak the accounting language to communicate with the accounting team (View Tweet)
4/6
Manage the budget process
-Be the person in charge to set up and run the budget process
-Frame the assumptions and methods (View Tweet)
-Know the different budget and forecasting methods and use the one bringing the most value
-Be the link between all departments as well as the link between the top and middle management to ensure consistency between the strategic and operative goals (View Tweet)
5/6
Be the best finance business partner
-Understand your operational business partner goals
-Bring non-finance data with finance data to create more insights
-Manage priorities and demand
-Be able to explain Finance to Non-Finance People (View Tweet)
6/6
Use Storytelling
-Get the right data
-Know how to visualize ideas
-Be confident when leading finance presentations in front of executive management
-Get your message clear (View Tweet)
Did I miss anything?
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