What do you look for to tell if an FP&A job is really more accounting? Many I’ve seen are involved in monthly close and accrual JEs

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FP&A is always involved in monthly close to some degree. Typically you’re looking at costs and identify things coded to incorrect project codes for example that need to be reclassed. You need to be very familiar with the accounting to succeed in FP&A (or it makes ur job a lot easier anyway). If you’re looking at a life science / bio / Pharma role, then accounting and FP&A may go hand in hand as far as accrueds go.

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Ask what the job is

My question mainly is is it expected to be a part of close or does that indicate it’s a gloried acctng role

Accounting will always be a part of the job. You don’t focus on things historically, but future related. Confirming the revenue and expenses in the most recent period is the furthest you go back. That’s where journal entries and reclasses come in.

This has been very helpful! What about recording and rec of prepaid entries?

Personally didn’t have any in FP&A with the exception of prepaid clinical trial costs. This was because FP&A did both accounting and finance for clinical trials. So we had prepaids, accrueds and R&D for each trial. But general accounting did everything non-trial related. It really depends how the structure at the company is. Maybe ask the hiring team more questions about the split in workload allocation between FP&A and accounting. They should be able to clarify how much accounting their FP&A team is responsible for (if at all).

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