Welcome to financial planning Guide
Benefits Of Financial Planning Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
You may also listen to this article by using the following controls.
Becoming an Effective VP Financial Planning
from:What is a VP financial planning? The position of VP financial planning requires advanced expertise and professional knowledge as such a person is required to handle crucial and confidential financial matters affecting an entity.
Many of the top companies worldwide prefer an experienced and skilled person in the position of VP financial planning, as they are committed to maintaining their world-class financial management. These companies also prefer a candidate for VP financial planning who has a good reputation for professionalism. He should be capable of adapting well to market demands and provide effective solutions and services.
What does the position of VP financial planning require? Generally, the position of VP financial planning functions as a business partner as he works directly with the CEOs to shape and expand the business. He is also expected to identify critical issues, trends, make recommendations, and provide counsel and guidance concerning financial planning and management. Other requirements for the position of VP financial planning include progressive corporate finance experience, MBA and CPA certification, thorough knowledge of accounting practices and theories, financial analysis and modeling techniques, financial controls, creative marketing and strong understanding of business processes.
The VP financial planning position is responsible for the evaluation of strategic options, understanding the competitive landscape, developing and implementing methods of financial planning, and analyzing the impacts of individual finance decisions on the overall business entity. However, the position of VP financial planning needs to coordinate with the other accounting and finance resources, and provide fact-based analysis reports and results for effective and efficient decision making.
In the function of financial reporting, the position of VP financial planning is responsible for the accuracy and timeliness of all financial reports submitted to senior management, regulatory agencies and board of directors. This position also requires knowledge of detailed management of financial information and accounting systems.
When it comes to the functions of financial management, the position of VP financial planning should be knowledgeable in the basics of balance sheets, income statements, general ledgers, payrolls, accounts payables and receivables, cash flows and other related accounting functions. The budgeting functions are also concerns of the position of VP financial planning.
Together with the CEO and other executive officers, the position of VP financial planning is responsible for directing and analyzing the general economic situation, business and financial conditions and their impacts on the entity’s operations and policies.
With the above requirements and responsibilities, it is quite obvious that the position of VP financial planning can be very challenging. Being a VP for financial planning also involves understanding of global developments and local marketing efforts of the business entity. So if you’re interested in acquiring the position of VP financial planning, get the best college for financial planning to start your career!
Benefits Of Financial Planning News
NFP Announces Marshall A. Heinberg Joins Board of Directors
NEW YORK, May 24, 2012 /PRNewswire/ -- National Financial Partners Corp. (NYSE: NFP), a leading provider of benefits, insurance and wealth management services, today announced that at its Annual Meeting ...
Read more...Financial Planning Checklist for Same-Sex Couples
As North Carolina citizens vote on same-sex unions this week and Washington state begins recognizing same-sex marriage next month, gay and lesbian couples throughout the country find themselves in frustratingly complicated financial situations that require much more careful planning.
Read more...Servers’ Fluctuating Tips Make Financial Planning Difficult
RoadFish.com men’s lifestyle and finance magazine today encouraged its readers to dig deep into pockets and leave good tips when they dine out, after reading an alarming report that servers’ sub-minimum wage has not increased in 21 yearsDetroit, MI (PRWEB) May 24, 2012 RoadFish.com men’s lifestyle and finance magazine was shocked to read an article highlighting a waitress’s financial struggle ...
Read more...Get personalized help to max out Social Security
As a retirement columnist, I know it makes sense to wait at least until my full retirement age to file for Social Security. Here's what I didn't know: My wife and I could boost our combined lifetime benefits ...
Read more...BIBD At-Tamwil Provides Financial Planning Talk
Bandar Seri Begawan - As part of the Corporate Social Responsibility (CSR) initiatives, BIBD At-Tamwil Berhad held a lecture on the importance of financial planning yesterday for its My Real Savings Account holders who have saved a substantial amount, held at the Civil Service Institute.
Read more...