American Management Association's AFP Financial Planning & Analysis Learning System

Transcription

1 American Management Association's AFP Financial Planning & Analysis Learning System Learning Objectives Gather Qualitative and Quantitative Information on Factors Affecting the Financial Performance of the Organization Communicate and Coordinate Work with Others in a Wide Range of Positions Internal and External to the Organization Analyze Data and Relevant Facts, Consolidate and Convey Insight to Support Decision Makers and Other Stakeholders Assess and Adapt Their Processes to Changes in the Business Environment Build Financial Projections and Forecasts to Provide Actionable Intelligence for Decision Makers Within the Organization Use Technology and Software to Perform Key Financial Planning and Analysis Functions Understand and Abide By Professional Conduct Standards Understand the Entire Decision Support Process Perform These Functions Accurately and in an Efficient Manner PART 1: DOMAIN A Gathering and Interpreting Information Information and FP&A What FP&A Must Know The Role of FP&A Challenges in Information Gathering and Interpretation Strategy Nature of Strategy Strategic Planning Framework Strategy and Measurement Risk Organization Organizational Structure Organization Culture Stakeholders and Business Partners Measuring Organizational Performance Business and Support Process Risks Sources of Organizational Information

2 Industry Industry Attributes Industry Benchmarks Industry Uncertainty Industry Environment Sources of Industry Information Macroenvironment Macroenvironment Forces Macroenvironment Metrics Scanning for Environmental Risks Sources of Macroenvironmental Information PART 1: DOMAIN B Finance Fundamentals Understanding Financial Concepts and Communicating/Coordinating Work with Other Professionals Finance Principles and Processes Objectives of Financial Management Corporate Finance Activities Basic Corporate Financial Concepts Financial Accounting and Reporting Accounting Concepts and Standards Accounting and External Financial Reporting Income Statement Balance Sheet Statement of Cash Flows Interactions Among Common Financial Statements Ratio Analysis Liquidity Ratios Leverage Ratios Activity Ratios Profitability Ratios Market Ratios Limitations and Uses of Ratios Common-Size and Percentage-Change Financial Statements Managerial and Cost Accounting Cost Concepts Cost-Volume-Profit (CVP) Analysis Types of Staffing Expenses Headcount Analyses and Projections Budgets Management Reports

3 Microeconomics Basic Terminology Laws of Supply and Demand Managing FP&A Projects Initiate Project Plan Project Implement Project Monitor Project Close Project Effective Communication Communication Essentials Effective Written Communication Effective Presentations

4 PART 2: DOMAIN A Analyzing Information Specifying Outputs and Getting Inputs Understand the End Product and Define the Outputs Define Key Inputs and Input-to-Output Logic Gather Data and Assumptions and Identify Gaps Seek Missing Information and/or Use Proxies and Assumptions Improving the Quality of Information Combine/Aggregate Data Validate Data Identify Outliers and Determine Causes Check for Bias Refining Data, Risks and Opportunities, and Plans Integrate Financial/Nonfinancial Data Analyze Risks and Opportunities Refine Plans, Including Assumptions and Scope Building and Refining Models Select or Build Models Test and Validate Models Using Models and Sensitivities/Scenarios Enter Inputs and Run Model to Form Initial Conclusions Test Reasonableness of Conclusions Against Sensitivities, Scenarios or Simulations Making Conclusions and Recommendations Draw Conclusions and Develop Formal Recommendations Receive Feedback and Revise Conclusions and Recommendations Analyzing Information and Giving Feedback Perform Variance Analysis and Reporting Perform Competitive Analysis Provide Feedback and Revise Documentation

5 PART 2: DOMAIN B Building Financial Projections Looking Forward Types of Forecasts Overview of Analytical Tools Overview of Domain Sales Volume and Revenue Projections Time Series Analyses Smoothing Techniques Regression Techniques Seasonality Financial Statement Projections Income Statement Balance Sheet Statement of Cash Flows Projections Analyzing and Using Projections Valuing Projects, Customers, Deals and Products Capital Budgeting Process Discounted Cash Flow Method Analysis Methods Customer/Deal/Product Projections Risk Analysis Risk-Adjusted Cost of Capital Real Options Value at Risk (VaR) Sensitivity/Scenario/Simulation Applied to Risk

6 PART 2: DOMAIN C Using Technology Software Applying Best Practices to FP&A Technology/Software Apply Version Control and Backup Concepts and Techniques Set Policies for Worksheet/BI Modeling and Documentation Using Worksheets and Worksheet Functions Review Basic Worksheet Functions Create Documentation Within a Worksheet Perform Worksheet Validation and Error Prevention/Checking Create Charts Use Value Lookups, MATCH, OFFSET and List Validate Use Pivot Tables Perform Common Statistical Functions Perform Financial Functions and Create Financial Models Create Macros and User Forms Share/Link Workbooks and Import/Export Data Working with Databases, ERP/GL and BI Systems Understand Relational Databases Create Database Queries Use ERP/GL Systems Use Business Intelligence Software American Management Association; 1601 Broadway; New York, NY /15