A complete financial planning and analysis (FP&A) system includes subsystems for (1) planning, (2) measuring and recording results, and (3) evaluating performance.

Question

Quizplus · Accepted Answer

A comprehensive FP&A system indeed encompasses these three critical subsystems: planning (forecasting future financial conditions and creating financial strategies), measuring and recording results (tracking actual performance against plans), and evaluating performance (analyzing variances to understand deviations from the plan and to inform future decisions).

A Complete Financial Planning and Analysis (FP&A) System Includes Subsystems