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The 12 Key Principles of Financial Planning and Analysis

The Institute of Management Accountants has developed a list of 12 key principles of FP&A based on learnings from a recent survey of 700 organizations that identified the best-run companies — those that both consistently meet or exceed targets they set for themselves, and consistently meet or exceed their competitors’ results. Principles include developing a long-range plans and specific initiatives, understanding plan-to-actual variances, holding people accountable, and monitoring results and KPIs.

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