Transition from accounting to FP&A is not easy
Transition from accounting to FP&A is not easy.
Many accountants have made this shift. They obviously struggle at first, but they learnt.
Everything feels new.
In accounting
- There are rules.
- Fixed formats.
- Clear answers.
But in FP&A
- there are no perfect answers.
- Only possibilities.
One needs to think differently.
Instead of just reporting numbers, one needs to explain what they mean. And that is hard.
I remember my first forecast. I spent hours making it perfect. Every number checked. Every formula right. But my manager asks me just one question, "So what?"
I freeze.
The numbers are correct, but I haven’t explained the story behind them.
- What is changing?
- Why is it happening?
- What should we do about it?
That’s what matters.
Slowly, one learns. One asks better questions. Talks to different teams. Realises that FP&A is about decisions.
In FP&A, no one expects perfect answers. But they expect smart guesses. And those guesses need logic. Thought. Judgment.
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