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Why Is Financial Analysis Important?

CFO Network

If you’re a business owner and you can’t easily answer these questions, there is a good chance you need to consider financial analysis. Financial analysis can help you get a better idea of your organization’s larger financial picture. What Is Financial Analysis? Why Is It Important?

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Numbers Never Lie but They Rarely Tell the Whole Story 

CFO Talks

Numbers Never Lie but They Rarely Tell the Whole Story For too long, financial analysis has been seen as a back-office functionprocessing numbers, producing reports, and ensuring compliance. So how do we move from routine financial analysis to something more insightful? Assumptions are rarely questioned.

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Generative AI is a game changer

Future CFO

It still needs a level of financial acumen to probe the data and ask the right questions to the system. The hardest part of financial analysis is going over data and seeing relevant information, flagging data variances and coming out with a comprehensive analysis for decision-making.

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The 8 Highest-Paying Jobs in Major Banks for 2023

CFO News Room

Financial Analyst. Being a financial analyst at a bank requires more than just crunching numbers. Analysts use their skills to monitor trends, assess risks, create strategies, and recommend investment opportunities. Average Salary: $91,580 per year. A job with a major bank can be an excellent career.

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1091: Making Finance the Force Multiplier | Chris Greiner, CFO, Zeta Global

CFO Thought Leader

I firmly believe that if I could have more data scientists in the finance and accounting function than financial analysts, wed be a more advanced, more robust organization. Chris Greiner: Weve actually kept headcount flat, even as weve effectively tripled the size of the company.

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How to Find the Best FP&A Candidates for Your Team

Spreadym

FP&A candidates typically have a background in finance, accounting, or a related field and possess a combination of skills and knowledge in financial analysis, modeling, and strategic planning. Experience: FP&A candidates may have prior experience in financial analysis, accounting, or related roles.

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Preparing Your Finance Organization for the New Era of AI

CFO Leadership

But one way that generative AI is likely to be particularly transformative for finance functions is the speed and accuracy with which it can deliver the “why” behind automated financial analyses.