Building an FP&A Function
January 10, 2023
EVENT RECAP
Most businesses have more data than they know what to do with. A robust FP&A function can put that data to work and help you figure out where you’re headed, where to invest, and where to cut your losses. In this session, Paul walks through building an FP&A function, from hiring your first team members, creating forecasts and budgets, and building a model with the right complexity for your business.
✅ Ideal for Finance & Strategy Leaders and Founders/CEOs
📈 Topics Covered:
- Timeframe for making your first FP&A hires from a fractional CFO to a full-time FP&A analyst
- Building an integrated three-statement budget, updating it with rolling forecasts, and supplementing it with 13-week cash flow statements
- Creating models for a $5 million dollar company and why there should only be 4 revenue assumptions
- How FP&A can support strategic business decisions with Scenario Analysis, Cohort Analysis, and Segmentation Analysis
- The monthly, quarterly and annual reports that FP&A supplies (including budgets, board reports, rolling forecasts, and flash and variance reporting)
Read Paul's guide on FP&A:
Building an FP&A Function
Paul Barnhurst is the founder of The FP&A Guy, a financial planning and analysis training and consulting advisory for small and mid-sized companies. He has 12+ years of Finance and FP&A experience, including roles at DigiCert, Solera, and as Lead Finance Officer at American Express. In this guide, he walks through building an FP&A function including hiring for your FP&A org, building a budget, and forecasting and reporting.
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