Nicholas T. Rafael Jr. Explains Basel III and Bank Capital Regulation
Banking regulation can appear complex from the outside, but the central idea behind capital regulation is relatively straightforward: financial institutions need enough financial resources to absorb losses and remain resilient during periods of stress.
Nicholas T. Rafael Jr.’s Guide to Financial Forecasting
Nicholas T. Rafael Jr. examines financial forecasting as a decision-making tool that combines financial data, operational information, assumptions, and business judgment.
Nicholas T. Rafael Jr. on Cash Flow vs. Profit
Nicholas T. Rafael Jr. examines the difference between cash flow and profit because these two measures answer very different questions about financial health.
Nicholas T. Rafael Jr. Explains the Three Financial Statements
Nicholas T. Rafael Jr. examines the income statement, balance sheet, and cash flow statement because each provides a different perspective on an organization’s financial condition.
Nicholas T. Rafael Jr. Explains Variance Analysis
One of the most useful principles in financial analysis is that identifying a difference is only the beginning. Nicholas T. Rafael Jr. examines variance analysis as a process for understanding not just what changed, but why it changed. Variance analysis compares actual financial performance against another benchmark, such as a budget, forecast, or previous period. […]
Nicholas T. Rafael Jr. on Budget vs. Forecast: What’s the Difference?
Nicholas T. Rafael Jr. examines the distinction because understanding it is essential for FP&A professionals and business leaders who rely on financial information to make decisions.
Nicholas T. Rafael Jr. on FP&A: What Financial Planning & Analysis Really Does
Nicholas T. Rafael Jr. has spent much of his professional career working around financial planning, reporting, accounting operations, and financial analysis. One of the most important functions connecting those disciplines is Financial Planning & Analysis, better known as FP&A. In this guide, Nicholas Rafael examines what FP&A does, how it differs from accounting, and why it plays an increasingly important role in corporate decision-making.