This process flow outlines detailed steps for the development of the annual plan, development of the quarterly forecast, and the quarterly forecast-vs-forecasted actual review. The discussions resulting from the meetings with key executives are translated into the operating plan by the FP&A group. Upon completion of the operating plan, the annual plan is presented to the board of directors for approval
This document can be used as a general guide to understand and review the process. Organizations should continuously update and monitor the processes included in this document to ensure that it reflects business operations.