Financial planning and analysis
1. Corporate function.
Financial planning and analysis is a corporate function usually responsible for internal financial matters including:
- Forecasting and modelling
- Integrated financial planning
- Management and performance reporting
Contrasted with the financial reporting function, which is generally concerned with external reporting, including published financial statements and related activities.
2. Processes, activities and professional skills.
The activities, skills and related processes undertaken by FP&A professionals.