In this recent interview with GTNews, Larysa Melnychuk sets out the fundamentals of FP&A, its vital role within the organisation, its international aspects and future FP&A trends to watch.
Larysa Melnychuk
Larysa Melnychuk is a passionate Financial Planning & Analysis (FP&A) professional and influencer who has held senior FP&A roles at leading organisations before setting up the International FP&A Board in 2013. The Board is a global and well-recognised professional think-tank that aims to bring together the knowledge and experience of senior FP&A professionals and aid the development of best practice in the profession.
In the last three years, she successfully expanded the Board into 32 chapters in 18 countries across Europe, the Middle East, Asia, Australia, and North America.
Larysa is also the founder and CEO at the FP&A Trends Group, the leading online resource for FP&A professionals. She chairs the Global AI FP&A Committee and runs a number of high-profile initiatives in the area of modern financial analytics.
Larysa holds a Master of Science degree in physics of materials and is a qualified chartered management accountant (CIMA), chartered global management accountant (CGMA) and is a holder of an FP&A certification. She is also a member of the exam content writing team for the Association of Finance Professionals (AFP) FP&A certification.
Larysa is also a passionate conference speaker and writes articles on various FP&A-related subjects.
Author's Articles
They say a picture is worth a thousand words… “Telling the story” is one of the most important tasks facing the FP&A professional, and data visualization is a powerful tool to reveal this story. Data visualisation is vital for FP&A analytics: it can help to reveal hidden trends and patterns, to filter out the noise and to generate valuable business insights. In other words, there are two types of data visualisation:
We live in an era with an interconnected global economy, where constant change and uncertainty are taken as a given but planning for such an environment is not easy. Flexible and dynamic financial planning and analysis (FP&A) can help firms to cope.
FP&A goes by many names. In Germany, it is called “Controlling”. From my previous visits to Germany, I know 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.