CFO 4.0 - The Future of Finance
153. Financial Modelling Excellence: Top tips from The FP&A Guy, Paul Barnhurst
Nov 21, 2023
Renowned financial modelling expert Paul Barnhurst talks about the importance of good assumptions in financial modelling, practical tips for accurate financial models, the role of financial modelling in planning and decision-making, strategies for agile budgeting and forecasting, the evolving role of FP&A professionals, and how to gain a seat at the table.
46:50
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Quick takeaways
- Accurate financial modeling is crucial for financial decisions and can significantly impact a company's stock price, performance, and job security.
- Implementing rolling forecasts can enhance agility in the planning process and improve accuracy, adapt to uncertainty, and hold the business accountable for performance.
Deep dives
The Importance of Accurate Financial Modeling
Accurate financial modeling is crucial as it impacts financial decisions and can significantly affect a company's stock price, performance, and job security. A model's accuracy can determine the success or failure of budgets, forecasts, and resource allocations.
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