Workflow Templates: Financial Planning and Analysis (FP&A) checklist

Gather historical financial data

Consult with department heads for projections

Consolidate budget inputs into a master budget

Review and revise budget drafts

Obtain executive approval for final budget

Analyze current financial trends

Update financial models with latest data

Generate multiple forecast scenarios

Review forecasts with key stakeholders

Adjust forecasts based on feedback

Compare actual results against budget

Identify significant variances

Investigate reasons for variances

Prepare variance analysis reports

Discuss findings with management

Define key performance indicators (KPIs)

Collect data for KPIs

Analyze performance trends

Report on KPI outcomes

Recommend actions for improvement

Conduct SWOT analysis

Set long-term financial goals

Develop strategic initiatives

Align initiatives with financial plans

Monitor progress and adjust strategies

Financial Planning and Analysis (FP&A) checklist