A talk on financial modeling and FP&A work. The speaker argues you can't skip experience building models, but you can speed up how you gain it by understanding what models are for and what assumptions actually matter when you project the future.
I think to some extent it comes from experience. And of course, experience is hard to speed up. You can't get 10 years of experience in a year, Right? So I think part of it is keep looking for experience in building different types of models for different uses. But I also think the key is to never forget and lose sight of why you're creating the model, who will use it, what decisions will it support the users to make, how much of what you're actually modeling is knowable and how much is assumptions. And at the end of the day, I think it's never forget that a model projects future outcomes.
Trust and Leadership Lessons for FP&A From 100+ Top Leaders with CFO Jon Laudie
