IMA Mid-Atlantic Council Professional Development Session

When:  Sep 25, 2020 from 11:00 AM to 12:00 PM (ET)
Associated with  Mid-Atlantic Regional Council

Financial Planning & Analysis:

The Backbone of a Well-Run Company

 - Offering This Session at No Charge!! -(but you must register to attend)

Financial Planning and Analysis (FP&A), at its most basic, is all about leading, supporting and driving an organization to achieve their financial and operational goals and objectives. The FP&A function often manages the following activities: long-range planning, annual planning, analysis of actual results, periodic re-forecasting, risk & opportunity assessment (focus on mitigating risks and maximizing opportunities), and (often) monthly financial and business reporting to management, executive leadership and Board of Director members.

Organizationally the FP&A function is typically managed by a senior finance leader, vice president or director, and reports to the Chief Financial Officer (CFO). While the team resides in finance, the best FP&A teams are deeply embedded within the company's cross-functional organizations, sometimes with dotted-line reporting. When a cross-functional executive considers an FP&A team member as part of their operational team, then FP&A is doing things right.

No Prerequisites are required.


Learning Objectives / Session Summary:


1)      Overview of FP&A


2)      The key elements of FP&A: How they work between and across all company functions

  1. Strategic Long-term Planning

    b. Annual Planning

        c. Analysis of actual results versus plan/forecast/prior year

        d. Re-forecasting, Rolling Estimate and Risks & Opportunities

        e. Management, Executive Leadership and Board of Directors reporting

        f.  Key Performance Indicator / Dashboard reporting (process, tools) - what does
            Business Success look like?

        g. Allocation of scarce company resources: people, process, systems, time, money

3)      FP&A team organization customized to best support the company


4)      Capital, Headcount and IT steering committee - valued FP&A leadership


5)      Creating and executing a Forecast accuracy measurement and process improvement program


6)      Current trends and new technology, ERP systems and tools supporting FP&A


7)      Best Practices example: Rolling Estimate and Risks & Opportunities process

  1. Is FP&A actually the backbone of a well-run company?  YES

    b. How does FP&A tie the company management processes together for maximum value?

8)      Conclusion:  Summary of best practice ideas to consider for your company.



About the Presenter:

 Charles (Chip) Stokes, CPA, MBA

Senior Finance Leader and Strategic Business Partner with more than 25 years' experience with publicly traded and private equity owned firms in consumer products and services, third party logistics (3PL), manufacturing, eCommerce retail, and professional services. Expertise includes financial planning & analysis, customer growth strategy, supply chain optimization, project management, complex financial decision-support modeling, and business intelligence. Known for driving business process improvements and cross-functional business acumen. Built foundation of finance, accounting, and business practices knowledge with The Coca-Cola Company. Earned CPA with Ernst & Young, Master of Business Administration (MBA) with concentration in finance from the Stetson School of Business and Economics, Mercer University, and Bachelor of Science in Business Administration, with concentration in accounting, from The University of North Carolina, Chapel Hill.


We hope you can attend!



Robert Listerman