Resource Management Group’s Post

Demystifying Financial Roles: Understanding the Distinctions Between Financial Planning Analysts and Controllers.

I am a Financial Planning and Analysis Specialist, With the help of my ( cert-IFR -ACCA and CMA in progress). I manage the budgeting, forecasting, and long-term planning process, ensuring alignment with the company's strategic goals and objectives. I also provide timely, detailed, and meaningful insights on business performance, supporting stakeholders' decision. making and driving operational efficiency and profitability

🚀 Explore the intricate realm of Cash Flow Scenario Analysis with this detailed breakdown! 💰 Don't miss out on invaluable finance insights from Aleksandar Stojanović, MSc. Understand cash flow dynamics, the significance of scenario analysis, and unlock key components to navigate every financial future. 📊 Gain actionable takeaways and reap the benefits of strategic financial planning! Remember, profitability isn't the whole picture! Explore why cash generation matters just as much. #CashFlowInsights #FinanceStrategies #ProfitVsCashFlow #FuturePlanning #CashFlowAnalysis #ScenarioAnalysis #FinanceInsights Credit to FP&A Secrets

The 🚀 Cash Flow Scenario Analysis Credits to Aleksandar Stojanović, MSc., follow him for more practical finance content. Here's the original post ----- The 🚀 Cash Flow Scenario Analysis Ensuring every dollar is accounted for, in every possible future. ☑ Understanding Cash Flow ☑ Why Scenario Analysis ☑ Connecting the Dots ☑ Key Components ☑ Takeaway ☑ Benefits ----- Follow our page FP&A Secrets to grow your career in Financial Planning & Analysis

All about financial planning and analysis

Taking inventory… This week I found myself pause to take stock of my journey within investor relations and financial reporting. Just before Easter I got the printed version of Nilfisk’s 2023 Annual Report. My third report for Nilfisk, which comes in addition to four annual reports for Matas and five for Danske Bank. 12 annual reports in total. 2 awards: Nilfisk 2022 and Danske Bank 2013. In between the annual reports, I have worked on 27 quarterly reports. This means that Nilfisk Q1 2024 report due on 16 May 2024 will be the 40th financial report that I have worked on. Those of you acquainted with financial reporting all know what goes on behind the scenes. What are best in class companies doing? How to incorporate CSR, ESG, ESRS and CSRD most successfully? What is the right theme for this year’s corporate photos? Which parts of the strategy deserves most attention and a case study? From project management on a big scale into actual production of each page of the report. Numbers being compiled, books closing, strategy progress being documented, photo selection and graphics, internal reviews, tax, auditors, management reviews, revision rounds, audit committee reviews, BoD deadlines, guidance review linked to the budget process, continuous read across to the company announcement, investor presentation, speeches etc. The list goes on. One thing that is certain is that every financial report is truly a team effort that only works, when everyone knows their role and goes that extra bit to collaborate across functions, time zones and responsibilities. I have been fortunate to always work with great teams, but the one at Nilfisk really stands out for its ability to just get things done, while always consuming plenty of cake and celebrating with champagne upon delivery of the newest report!

💥 Driver-based financial planning is an opportunity to transform the quality of your forecasts!   Because you can create a connection between financial KPI's and underlying business drivers and activities.   I have collated some great examples from thought leaders of how you can make these connections.   And yes, many businesses are more complex than a simple tree diagram.   👉 BUT START SIMPLE, and build from there:   1️⃣ Choose 1 financial statement component, like revenue. 2️⃣ Meet with someone outside of finance and identify 2 underlying drivers and related activities. 3️⃣ Develop your financial forecast by integrating these drivers into your calculations.   💪 More and more are embracing driver-based planning.   🚀 And those who get it right are having a real impact across the business!   😃 Give it a go!   🙌 Credit to the creators of the fantastic visuals in this carousel: Paul Barnhurst, The FPandA Guy Andy Burrows Oana Labes, MBA, CPA Corporate Finance Institute® (CFI) Business Partnering Institute Christian Frantz Hansen Anders Liu-Lindberg #finance #fpanda #cfo

Financial Planning - Key & Critical for any organization!

"Can I have more budget?" Finance manager: "Yes!!! Absolutely.. of course you can... spend what you like!!" ...Said no Finance Manager, ever! As a non-financial stakeholder, it's essential to know the differences between financial forecasts and budgets, and how they are used by your Finance team to track business performance and guide business direction. Learn about both below.. to win over your Finance stakeholders...

Looking for a few essential financial management tips? You’re in the right place 👍 I’ve scoured the internet and tapped into the expertise of financial leaders to bring you some of the best strategies. So, here they are: 🔥 Tip #1 – [John Doe, Financial Analyst] – "Prioritize cash flow management. Ensure you're tracking cash inflows and outflows meticulously to avoid cash crunches." 🔥 Tip #2 – [Jane Smith, CPA] – "Budget for the unexpected. Always have a contingency plan and allocate funds for unforeseen expenses." 🔥 Tip #3 – [Alex Lee, Business Consultant] – "Focus on profit margins, not just sales. Understand where you can optimize costs and increase efficiency for better profitability." Do you have any financial management tips of your own? If so, feel free to share them in the comments 👏