Topic_7 Presentation_FINAL - Budget Meeting Role Play Acctg...

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Budget Meeting Role Play Acctg 351c Topic 7
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2 Budget Process We have created our budget templates and populated them with prior year actuals The next step is to meet with our business partners and create a “bottoms up budget” Recall the budget process timeline Budgeting begins 2-3 months before fiscal year end Model development starts 2-3 months before that After creating template: Populate with history Receive “top down” goals Begin “bottoms up” budget
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3 Meet with Business Partners Each analyst is responsible for certain departments or functional areas Meet with business partners and department managers to create budget FP&A provides financial expertise and a higher level of company knowledge FP&&A represents finance, but also supports and advocates for departments
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4 Budget Meeting Preparation The logical starting point for creating a budget is prior year history The FP&A analyst will need to understand the
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