Budgeting formalizes and quantifies management’s financial plans regarding all aspects of operations. The planning aspect of budgeting provides guidance and coordination on how to meet the budget with respect to resource allocation and available funding. The forecasting process is used to estimate financial statement projections that reflect management’s goals for the period. Budget expectations are then set by formalizing the financial statement projections. MORE.
AFP FP&A Benchmarking Survey Report: People Strategies and Development
The 2024 AFP® FP&A Benchmarking Survey Report, underwritten by Workday, focuses on understanding the state of FP&A, people strategies and development. Findings indicate that FP&A professionals are optimistic that advances in technology, automation and artificial intelligence will benefit their working lives.
Recent Articles
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May 14, 2025
Beyond the Bottom Line: Strategic Cost Management in Action
True strategic cost management is not a one-time fix — it’s a cultural shift. It requires alignment across leadership, better tools and data, and a willingness to challenge the status quo.Learn More -
May 5, 2025
Why Aren’t FP&A Teams Using the EPM Tools They Bought?
According to the 2025 AFP FP&A Benchmarking Survey, FP&A professionals are primarily using EPM tools for control and consolidation, not for advanced planning and forecasting.Learn More -
Apr 21, 2025
All Aboard! Gaining Alignment Through the Strategic Investing Process
A prominent financial institution’s two-category approach to technology investments provided a framework for ensuring stable operations while allowing it to pursue targeted advancements. However, the company saw it had room to improve its strategic investment planning process in areas of alignment, planning, prioritization, resource allocation and execution.Learn More
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Quick Study Tools for Finance
These short videos walk you through how to Build a Rolling Forecast in Excel, Use Excel's Solver, Apply Power Query, Power Pivot and Pivot Tables to Your Analysis.
FP&A Case Study Library
The AFP FP&A Case Study series is designed to help you build up key FP&A capabilities and skills by sharing examples of how leading practitioners have tackled challenges in their work and the lessons learned.