Rosalia
Sun Sep 15 2024
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5 answers
1127
What is the difference between FP&A and fund accounting?
Can you elaborate on the distinction between Financial Planning and Analysis (FP&A) and fund accounting? FP&A, as I understand, involves strategic forecasting, budgeting, and analysis to guide business decisions, while fund accounting focuses on the day-to-day financial transactions and reporting specific to funds or grants. Is there a more nuanced difference between the two, especially in terms of their objectives, methodologies, and impact on organizational financial health?
