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For clarity, when you refer to finance, I think you mean Financial Planning & Analysis (FP&A). I think you would agree that centralized Tax, Treasury, and Acco
by andrewlgood 5y ago
For clarity, when you refer to finance, I think you mean Financial Planning & Analysis (FP&A). I think you would agree that centralized Tax, Treasury, and Accounting functions are ok and should probably report to the CFO.
With respect to FP&A, I have seen several firms that simply embed them within a product line or business unit. They need to submit forecasts to a central group, but their primary mission is to support the product or business line.
- Fordec 5y agoYeah basically but I've yet to work on a team (that I didn't build myself) where the FP&A is separated from Accounting/Tax and not a direct report to the CFO or CEO if the company is pre-CFO. Sometimes even seen Accounting/Tax as a direct report under HR with zero product connection. So I just hadn't come across that term before.