Financial Modeler's Corner
Special Episode: Breaking into Finance Podcast with Craig Thompson
Nov 2, 2023
Craig Thompson hosts a special episode featuring Paul Barnhurst, the host of FP&A Today and Financial Modeler's Corner. They delve into the role of FP&A in finance, the strategic importance of financial modeling and decision making, uncovering blind spots in finance, the future of FP&A and financial modeling with AI, the changing role of FP&A professionals, and resources for learning about the space and participating in the Financial Modeling World Cup.
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Quick takeaways
- FP&A professionals are now seen as valuable strategic partners, involved in decision-making processes within the company.
- Financial models provide a quantifiable framework for decision-making and help align strategies with operational metrics.
Deep dives
The Evolving Role of Financial Planning and Analysis (FP&A)
The role of FP&A in organizations is becoming more strategic, with a focus on understanding and analyzing both financial and operational data. FP&A professionals are now seen as valuable strategic partners, involved in decision-making processes within the company. The importance of scenario analysis and the ability to model different scenarios has also increased, especially in light of recent uncertain events like the COVID-19 pandemic. The future of FP&A will involve a combination of AI assistance in building models and tools for auditing and validating assumptions, while still requiring the unique judgment and strategic thinking skills of human professionals.
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