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. Overseeing risk management. CFOs are part of the company’s internal finance team just as bankers, and CPAs, are part of the company’s external finance team.

article thumbnail

How Does Scenario Planning Work in FP&A Activities?

Spreadym

This helps you understand the drivers behind these risks and opportunities and develop strategies to mitigate risks and capitalize on opportunities. Scenario planning enables proactive risk management and strategic decision-making, ensuring your business is prepared for various eventualities.