Self-Study: FP&A Modeling Pt.6 - Financial Statement Aggregation

Overview

CFI’s — FP&A Modeling Pt.6 — Financial Statement Aggregation — course will help you understand how to construct financial statements using FP&A totals. We will also review best-in-class approaches to aggregating monthly figures into quarterly and annual amounts.

Highlights

• Understand the difference between current & deferred income taxes and why both are needed in FP&A models.
• Use consolidated monthly financial statements to determine the company's health in terms of profitability and cash flow
• Use Excel functions to aggregate monthly figures into quarterly and annual estimates.

Prerequisites

Although not required, it is recommended to take the sections of this eight-part series in order.

Objectives

• Track current & deferred income taxes monthly to determine profitability and cash impact of tax payments.
• Consolidate FP&A figures into financial statements to evaluate the financial health of the company.
• Aggregate monthly figures using industry best practices up into quarterly and annual estimates.

Preparation

Attendees should have a basic understanding of accounting fundamentals and financial reporting.