Review variance and board packs

Step by step

1. Publish the comparison basis FP&A Analyst

   FP&A Analyst selects the locked budget, transfer cutoff, reconciled actuals and accepted forecast. Compute variance using the effective mapping and thresholds. Zero budget leaves percentage null while absolute variance remains available.

   • Publish a reproducible comparison
   • Updates Variance analyses, Budget account settings

2. Explain material differences Cost-Center Head

   Cost-Center Head supplies the required flux comments within their scope. Retain the reason, driver and quantified portion. FP&A Analyst reviews the explanation against this exact comparison, preserving earlier commentary if the basis changes.

   • Retain the owner explanation
   • Updates Variance analyses, Flux comments

3. Prepare the packet FP&A Director

   FP&A Director generates board packs with snapshot manifest, retained PDF and content hash. The manifest identifies the exact plan, actuals, forecast, transfer cutoff and scenario runs. Draft packets remain within the Finance preparation population.

   • Freeze the review packet
   • Updates Board packs, Variance analyses, What if runs

4. Approve and distribute CFO

   CFO approves the exact packet and Director distributes it. Executive Reader sees only Published Board Packs. A board-mandated budget revision needs separate external resolution evidence and a new draft approval route before locking.

   • Authorize packet distribution
   • Updates Board packs, Budget versions
   ApprovalA person approves before the work moves on.

Cost-Center Head

FP&A Analyst, FP&A Director, CFO, Admin, System.