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To be a top-tier FP&A analyst, there are 30 methods and skills you need to master: 
1/30 Financial analysis
It's a method of evaluating a company's financial health by analyzing its financial statements and other economic indicators.
It's a method of evaluating a company's financial health by analyzing its financial statements and other economic indicators.
2/30
Variance analysis is the process of comparing actual results to expected results to identify and analyze the reasons for deviations.
Variance analysis is the process of comparing actual results to expected results to identify and analyze the reasons for deviations.
3/30
PVM analysis, or Profit Volume Mix analysis, is a tool used to determine the impact of changes in sales volume, sales mix, and product pricing on a company's profitability.
PVM analysis, or Profit Volume Mix analysis, is a tool used to determine the impact of changes in sales volume, sales mix, and product pricing on a company's profitability.
4/30
Ratios/KPIs, or Key Performance Indicators, are financial metrics used to evaluate a company's performance and financial health.
Ratios/KPIs, or Key Performance Indicators, are financial metrics used to evaluate a company's performance and financial health.
5/30
Pareto analysis, also known as the 80/20 rule, is a tool used to identify the 20% of factors that are causing 80% of the results.
Pareto analysis, also known as the 80/20 rule, is a tool used to identify the 20% of factors that are causing 80% of the results.
6/30
Project analysis is the process of evaluating a project's feasibility, scope, and potential benefits and risks.
Project analysis is the process of evaluating a project's feasibility, scope, and potential benefits and risks.
7/30
Project variances are the differences between actual and expected project performance, which are monitored and analyzed to identify potential issues and opportunities.
Project variances are the differences between actual and expected project performance, which are monitored and analyzed to identify potential issues and opportunities.
8/30
Earned Value is a method of measuring a project's progress and performance by comparing the actual cost and work completed to the planned cost and work.
Earned Value is a method of measuring a project's progress and performance by comparing the actual cost and work completed to the planned cost and work.
9/30
Risk monitoring is the process of identifying, assessing, and tracking potential risks that may impact a project's success.
Risk monitoring is the process of identifying, assessing, and tracking potential risks that may impact a project's success.
10/30
Budgeting is the process of creating a financial plan for a company, which includes estimating future income and expenses.
Budgeting is the process of creating a financial plan for a company, which includes estimating future income and expenses.
11/30
Incremental budgeting is a method of budgeting that involves making small adjustments to the previous year's budget.
Incremental budgeting is a method of budgeting that involves making small adjustments to the previous year's budget.
12/30
Activity-based budgeting is a method of budgeting that focuses on the activities required to produce a product or service.
Activity-based budgeting is a method of budgeting that focuses on the activities required to produce a product or service.
13/30
Zero-Based Budgeting is a method of budgeting that requires each expense to be justified and approved, rather than simply carrying over from the previous year.
Zero-Based Budgeting is a method of budgeting that requires each expense to be justified and approved, rather than simply carrying over from the previous year.
14/30
Headcount planning is the process of forecasting and planning for the number of employees needed to achieve a company's goals.
Headcount planning is the process of forecasting and planning for the number of employees needed to achieve a company's goals.
15/30
Department budgeting involves creating budgets for specific departments within a company.
Department budgeting involves creating budgets for specific departments within a company.
16/30
Scenario planning is the process of creating multiple future scenarios to evaluate potential outcomes and make informed decisions.
Scenario planning is the process of creating multiple future scenarios to evaluate potential outcomes and make informed decisions.
17/30
Break-even analysis is a tool used to determine the point at which a company's revenue equals its costs, and it begins to make a profit.
Break-even analysis is a tool used to determine the point at which a company's revenue equals its costs, and it begins to make a profit.
18/30
Sensitivity analysis is a method of testing how changes in specific variables affect a company's financial performance.
Sensitivity analysis is a method of testing how changes in specific variables affect a company's financial performance.
19/30
The Monte Carlo method is a simulation technique used to model the probability of different outcomes in a complex system.
The Monte Carlo method is a simulation technique used to model the probability of different outcomes in a complex system.
20/30
3 Statements modeling involves creating financial models that project a company's income statement, balance sheet, and cash flow statement.
3 Statements modeling involves creating financial models that project a company's income statement, balance sheet, and cash flow statement.
21/30
Business partnering is the process of building relationships with other departments and stakeholders to drive business growth and success.
Business partnering is the process of building relationships with other departments and stakeholders to drive business growth and success.
22/30
Influencing involves persuading and convincing others to take action or make a decision that benefits the company.
Influencing involves persuading and convincing others to take action or make a decision that benefits the company.
23/30
Business acumen is the ability to understand and analyze a company's financial performance, competitive landscape, and industry trends.
Business acumen is the ability to understand and analyze a company's financial performance, competitive landscape, and industry trends.
24/30
Communication involves effectively conveying ideas, information, and goals to others within and outside the company.
Communication involves effectively conveying ideas, information, and goals to others within and outside the company.
25/30
Demand management involves forecasting and managing the demand for a company's products or services to ensure optimal supply and profitability.
Demand management involves forecasting and managing the demand for a company's products or services to ensure optimal supply and profitability.
26/30
Storytelling is the art of communicating a message or idea through a narrative structure that engages and inspires the listener.
Storytelling is the art of communicating a message or idea through a narrative structure that engages and inspires the listener.
27/30
Visualization involves presenting data or information in a visual format that is easy to understand and interpret.
Visualization involves presenting data or information in a visual format that is easy to understand and interpret.
28/30
B.O.T.E, or Bottom of the Pyramid, is a business strategy that focuses on creating products and services that are accessible and affordable to low-income consumers.
B.O.T.E, or Bottom of the Pyramid, is a business strategy that focuses on creating products and services that are accessible and affordable to low-income consumers.
29/30
Non-verbal communication involves using body language, facial expressions, and gestures to convey meaning and emotion.
Non-verbal communication involves using body language, facial expressions, and gestures to convey meaning and emotion.
30/30
Managing a meeting room involves creating an environment that fosters collaboration, encourages participation, and ensures that the meeting achieves its intended objectives. This includes setting clear agendas, managing time effectively, and facilitating discussions.
Managing a meeting room involves creating an environment that fosters collaboration, encourages participation, and ensures that the meeting achieves its intended objectives. This includes setting clear agendas, managing time effectively, and facilitating discussions.
Which one would you add to the list?
RT and follow me for more FP&A methods and skills
#finance #FPA
RT and follow me for more FP&A methods and skills
#finance #FPA
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