The Institute of Management Accountants offers principles for building an FP&A foundation, establishing accountability, and taking FP&A to the next level.
As tempting as it can be to blame uncontrollable factors for variances to plan, effective leaders instead prepare for mitigating the impact.
Counterintuitively, meeting financial commitments is tougher when the business is inching along than when growth is gangbusters, finance prof says.
