Financial Planning and Analysis
Budgets, forecasts, variance analysis, rolling forecasts, KPIs and management reporting.
8 lessons · 25 exercises · about 3 hours · 2 free lessons
You will be able to
- Build a phased revenue budget and a headcount cost plan from operating drivers
- Calculate and explain favourable and adverse variances, including price, volume and mix
- Flex a budget to actual activity to separate volume effects from efficiency
- Maintain a rolling forecast and choose KPIs that measure performance
Designed for: Analysts moving into FP&A, finance business partners, and managers who own a budget.
FP&A Core
Module 1 · Budgeting
- The budgeting processHow a budget is built: top-down targets, bottom-up submissions, and the negotiation that reconciles them.20 minFree
- Building a revenue budgetTurn an annual revenue target into a monthly budget that follows the business's seasonal pattern.20 minMembers
- Opex and headcount planningBudget staff costs from a hiring plan: heads, salaries, on-costs and start dates, and the run-rate they leave behind.20 minMembers
Module 2 · Variance analysis
- Budget versus actualCalculate variances with a consistent sign convention, label them favourable or adverse, and explain what drove them.20 minFree
- Price, volume and mix variancesSplit a revenue variance into what customers paid, how much they bought, and what they chose to buy.25 minMembers
- Flexed budgetsRe-state the budget at actual activity to separate the effect of volume from how well costs were controlled.25 minMembers