What does a good forecast look like?

How do you know whether your forecast is any good?

“Does anyone in FP&A ever review the accuracy of their predictive financial models from time to time?” That’s the question I posed on LinkedIn recently, and it generated a surprisingly good discussion. It turns out that FP&A professionals generally care quite a lot about the accuracy of their forecasts. One of the businesses I worked…

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5 Reasons a Top Management Meeting Can be Life-suckingly Useless – And How the CFO can Fix Them

Finance mistakes that drag down business

During my career, I’ve sometimes worked at the top level in Finance, and had the privilege of sitting alongside other functional heads in the “Senior Management Team” or “The Exec”, or even “The Board of Directors”. Obviously one of the chief ways we stayed in touch with each other, and with what was going on,…

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The Purpose-Driven CFO Part 7: The Great Alternative to Analysis Paralysis

Understanding why you do things makes a difference

Part 7 of the Purpose-Driven CFO Series is out today on LinkedIn. You can find it at https://www.linkedin.com/pulse/purpose-driven-cfo-part-7-great-alternative-analysis-andy-burrows. It’s all about financial analysis. Why do we do it? And how does the recognition of why we do it influence the way we do it? I think it helps us to a) be more efficient; and b) present…

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You Don’t Have to be in FP&A to be a Finance Business Partner

anyone in Finance can be a business partners

It is becoming fashionable nowadays to identify some roles in Finance as Finance Business Partner. The intention is to emphasise the need for managers in the business to have a strong understanding of financial performance. And therefore, the Finance function ought to provide people who can come alongside business managers, providing financial insight and understanding. In…

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The Purpose-Driven CFO Part 2: What Are We Budgeting For?

Understanding why you do things makes a difference

The second in my series of LinkedIn articles is out now. It’s all about something which has seemed like a massive headache in pretty much every large business I’ve worked with – budgeting. In a purpose-driven Finance team, we must understand why we use budgets. My thinking is that understanding why helps us to do things better.…

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