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Such tasks as reconciling accounts, monthly closing, preparing financial statements are part of the accounting cycle and are typically managed by accounting departments. Data pull from disparate systems FP&A professionals analyzedata but typically should not engage in the extraction of data from various systems.
FP&A is a process used by organizations to develop and manage their financialplans and make informed decisions based on financialanalysis. It involves forecasting, budgeting, analyzing, and reporting financial information to support strategicplanning and operational decision-making.
Creating financial reports : A CFO can help you create financial reports, such as budget vs. actual reports, to help you understand how your business is performing against your budget. Additionally, a fractional CFO can help you to develop systems and processes for tracking and analyzingdata in a more efficient and effective manner.
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