Welcome to FP&A Tuesday: A weekly newsletter with insights and actionable advice to build your Financial Planning & Analysis skills.
If you want me to answer a question in a future issue, let me know by replying to this email. If you received this email from a colleague or friend, you can sign-up for FP&A Tuesday with this link.
Here is what I have to share today:
What you should do first when new to an FP&A role: Focus on the relationships
The prerequisite to becoming a valued advisor is to have a strong relationship. That doesn’t happen overnight. Here is a good way to get started.
3 ways Financial Analysts deal with uncertainty in a forecast
You can’t treat every forecast the same. More uncertainty means more risk. And Financial Analysts tend to create forecasts that are riskier than they need to be. Here are three things you can do when you have to create a forecast without a lot of hard data.
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How to demonstrate leadership as an FP&A Analyst
To get promoted, you need to show you can lead. Outstanding performance at your core tasks isn’t enough. Here are 4 ways you can demonstrate leadership.
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How FP&A Leaders use “premortems” to identify risks
Many projects fail because people aren’t prepared for failures. Fortunately, there is something FP&A can do about that. “Premortems” work because they create a safe space to share concerns. As a result, blind support for ideas gives way to creative problem-solving. Read on to learn what they are and how to use them.
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Until next week,
Chris Wattig