Editing Financial analyst (section)

====Financial planning and analysis====
[[Financial management#Role|Financial analysts within corporates]]<ref name="Dahlquist">[https://openstax.org/books/principles-finance/pages/1-4-careers-in-finance Careers in Finance]. §1.4 in {{cite book |title=Principles of Finance |date=2022 |isbn=9781951693541 |first1=Julie |last1=Dahlquist |first2=Rainford |last2=Knight |first3=Alan S. |last3=Adams |publisher=OpenStax, Rice University |url=https://open.umn.edu/opentextbooks/textbooks/principles-of-finance }}</ref><ref name="corporatefinanceinstitute">[https://corporatefinanceinstitute.com/resources/careers/jobs/financial-analyst-job-description/ Financial Analyst Job Description], Corporate Finance Institute</ref><ref name="FP&A">{{cite web |url=https://careernavigator.accaglobal.com/gb/en/job-profiles/proficient/financial-planning-and-analysis--fp-a--professional.html |title=Financial Planning and Analysis (FP&A) Professional |website=CareerNavigator.AccaGlobal.com |publisher=[[Association of Chartered Certified Accountants]] |access-date=2023-07-07 }}</ref> provide inputs into all elements of the firm's financial management.<ref name="AFP"/><ref name="collegegrad.com" /><ref name="BLS2">[https://www.bls.gov/OOH/management/financial-managers.htm#tab-2 Financial Managers], Bureau of Labor Statistics</ref>

* The short term focus is on [[working capital management]], and includes tasks such as [[profitability analysis]], cost analysis,  [[Variance (accounting)|variance analysis]], and [[cash flow forecasting]] (often overlapping [[Treasury management#Corporate Finance|treasury management]]).
* Medium term elements are [[corporate budget|budgeting]] and planning; their models here form the basis for [[financial forecast]]ing, [[scenario analysis]] (sometimes re corporate strategy),<ref name="SiegelShim1997">{{cite book |first1=Joel G. |last1=Siegel |first2=Jae K. |last2=Shim |first3=Stephen |last3=Hartman |title=Schaum's Quick Guide to Business Formulas: 201 decision-making tools for business, finance, and accounting students |url=https://books.google.com/books?id=4JpojQPk8YsC |access-date=12 November 2011 |date=1 November 1997 |publisher=McGraw-Hill Professional |isbn=978-0-07-058031-2 }} §39 "Corporate Planning Models". See also, §294 "Simulation Model".</ref> and [[Corporate finance#Capitalization structure|balance sheet optimization]]. <ref name="BLS3">[https://www.bls.gov/ooh/business-and-financial/budget-analysts.htm#tab-2 Budget Analysts], Bureau of Labor Statistics</ref> The latter, extends to involvement with [[dividend policy]], and [[capital structure]]; relatedly, forecasts here also feed into group [[Asset and liability management|ALM]].
* Analysts are also involved with long term "[[capital budgeting]]", i.e. decisions relating to [[Corporate finance#Investment and project valuation|"project" selection and valuation]] and related funding considerations; these forecasts feed through to the [[debt capital markets]] team, "DCM", responsible for securing and managing long-term funding. 
* [[Financial risk management#Corporate finance|Risk analytics]] will span all perspectives. Similar to treasury though, the team may reside in a [[Responsibility center|separate unit]]; see [[Three lines of defence]].

Management of these deliverables sits with the [[financial manager]] (FM); while [[budget analyst]], [[cost analyst]], [[Treasurer#Corporate treasurers|treasury analyst or manager]], [[Risk manager|risk analyst or manager]] and [[corporate finance analyst]] are often specialized roles. The area overall is sometimes referred to as "[[FP&A]]" (Financial Planning and Analysis).<ref name="AFP">[https://fpacert.afponline.org/certification/what-is-fp-a  What is FP&A?], [[Association for Financial Professionals]]</ref><ref name="FP&A"/> The [[financial director]] or chief financial officer (FD, CFO) has primary responsibility for managing the company's finances, including financial planning, management of financial risks, record keeping, and financial reporting.