article thumbnail

Finance vs. Accounting

CFO Simplified

Leaders in finance are most successful when they have skills in communication, quantitative analysis, financial planning, and team building. CFOs are part of the company’s internal finance team just as bankers, and CPAs, are part of the company’s external finance team. You change operations, you affect the financials. .

article thumbnail

How Does Scenario Planning Work in FP&A Activities?

Spreadym

Predictive Scenarios Predictive scenarios are developed based on the analysis of historical data, trends, and statistical models. These scenarios aim to project future outcomes based on existing patterns and quantitative analysis. Normative scenarios are particularly valuable for strategic planning and policy development.