Fiscal Analysis includes both operational and staff advisory functions related to the organization’s budgetary and financial performance. It involves budgeting, accounting, managerial-financial reporting and related activities such as internal auditing and management analysis.

Fiscal Analysis involves activities such as formulating budget and cost estimates to support plans, programs and activities. The Guidance Firm's team of professionals will review and evaluate budgets, review apportionments and allotments, and review, control and report obligations and expenditures. They also present and defend budget estimates before fund reviewing and granting authorities.

The Guidance Firm will also analyze and make recommendations about the costs and benefits of alternative methods for financing capital budgets program and operational working capital. Whereas, the Fiscal Analyst is involved with forecasting future trends in revenues or expenditures or determining future cash flows or budget requirements, the accountant is generally concerned with historical transactions that have already occurred and how these financial transactions are measured in the accounting records. The accountant is concerned with the accuracy, completeness and integrity of these financial events that have already occurred and how they are reported in the accounting records and financial reports.