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Traditional Budgeting

Financial Planning & Analysis in Germany.

By Larysa Melnychuk, Managing Director at FP&A Trends group

FP&A goes by many names. In Germany, it is called “Controlling”.  From my previous visits to Germany, I knew that German Controllers are different from Accountants: they are forward-looking, analytical and often very technical in their approaches.

Recently, I got a great opportunity to learn how FP&A is evolving in Europe’s strongest economy.

I was invited to speak at the first FP&A/Controllers’ event in Hamburg that was organized by IMPLEXA . “It is going to be an unusual format”, Timo Wienefoet , the Managing Partner of IMPLEXA warned. “We will combine our FP&A discussion with wine tasting”....