What is Financial planning and analysis

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Financial planning and analysis involves the process of forecasting, budgeting, and analyzing financial data to support decision-making and strategic planning.

Financial planning and analysis helps organizations in setting financial goals and developing strategies to achieve them.
It involves creating budgets, analyzing financial statements, and conducting variance analysis to assess performance.
Financial planning and analysis also includes forecasting future financial trends and identifying potential risks and opportunities.
It provides insights and recommendations to management for improving financial performance and making informed business decisions.
Examples of financial planning and analysis activities include budgeting, financial modeling, scenario analysis, and financial reporting.

What is Financial planning and analysis

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