Financial Management (UK)

Professional magazine covering finance, business, management and technology.

Articles from September

Brian Walsh: Deputy Chairman, Nationwide Building Society
Building societies seem to be a dying breed. Do you think that Nationwide will eventually demutualise and become a company? Being a large, highly successful member-owned business is an important and unique position for us. Our members have opposed...
Council Member Required
Casual vacancy, area 4 Notice is given that, as the council member in electoral area 4 (West Midlands), Nige[ Higgs, has resigned, a new candidate is sought to represent area 4 on council. The term of office will be until the dose of the 2007 AGM,...
Diary
All branch events are free unless stated otherwise. To book places, contact the local event co-ordinator for the relevant area. Visit www.cimaglobal.com/events for updates. To book places on CIMA Biz.Net events, call 020 8849 2244 or e-mail mastercourses@cimaglobalcom....
Exam Notice
* November 2005 exam dates Tuesday November 22. Wednesday November 23. Thursday November 24. * Exam entry Enter for the November exams online at www.cimaglobal.com/examentry from August 3. The standard closing date for entries is...
From New Members' Celebrations and CPD to Cricket in Toronto-It's Time to Get Involved
I would like to reflect briefly on the recent horrific events in London, which have been a terrible shock to all of us. While our thoughts remain with the victims and their families and friends, I believe it's important that we don't allow such events...
Global Contact Details
CIMA Services was relaunched as CIMA Contact from 1 July 2004 to reflect that students and members now contact us via e-mail, from our website, via fax and via telephone, and that we offer information to students, members, organisations and the public,...
Global Standards: The International Federation of Accountants' Mission Is to Strengthen the Global Profession, but How Does It Do This? Martin Nimmo Gives Some Facts about IFAC
If you think the International Federation of Accountants (IFAC) is "just another minor accountancy body", think again. It has 163 member bodies in 119 countries, representing more than 2.5 million accountants. IFAC is big, and it is the accountant's...
Hedge Funds: They Have Been Accused of Being Short-Termist, Secretive and Even Savage, but Are Hedge Funds Simply Misunderstood? Danka Starovic Digs Down to the Roots
Most discussions about the state of UK corporate governance seem to be based on the assumption that investors are a homogeneous group, in much the same way that all listed companies are seen to have common attributes that can be discussed collectively....
John Irvin: Financial Accountant, TV3
You scored 98 per cent in the November 2004 intermediate level Systems and Project Management paper. Were you expecting to do quite as well as that? I was a bit shocked, to be perfectly honest. I actually called the CIMA office in Dublin after I...
Just Another Hole in the Wall? the Web Was Supposed to Have Revolutionised Business Banking, but Many Firms Feel They've Lost the Personal Touch and Are Having to Do All the Work Themselves-And Pay Just as Much for the Privilege
Are you happy with your firm's banking arrangements? If not, why not? Are you concerned about the service, the fees or the interest charges? Or are you frustrated by bureaucracy or lending restrictions? Most importantly, do you think that moving your...
Life as a Business Coach: Ray Moore ACMA
Ray Moore is a business coach based in Chelmsford, Essex. He became a CIMA member nearly 30 years ago and worked for a series of well-known companies including Lyons Bakery and Somerfield. In the early 1980s he met the man he calls his mentor: a successful...
Management Accounting-Business Strategy: A Co-Examiner for Paper P6 Discusses the Relationship between Strategy and Management Accounting, and the Scope for Numerical Analysis in the Exam
It's easy to get carried away with all the models covered in the paper P6 syllabus and forget why it's there in the first place. The syllabus is at the top of the business management pillar, but its title is very dear. It isn't a business strategy...
Management Accounting-Decision Management: What Effect Do Risk and Uncertainty Have on Decision-Making? Tim Thompson Considers Some of the Techniques That Can Be Used to Evaluate an Opportunity
We all have different expectations, aspirations and fears. Some people have an optimistic view of life, whereas others are pessimists. It follows that two people, when faced with the same opportunity, could well arrive at two different decisions about...
Management Accounting Fundamentals: CVP Analysis Is More Than a Number-Crunching Device to Obtain Simple Answers. Grahame Steven Shows How It Also Provides a Mechanism for Further Evaluation
Cost/volume/profit (CVP) analysis can be used to determine how many products must be sold in order to break even or reach a target profit and also to calculate the margin of safety for a business proposal Panel 1 contains the formulas for these calculations....
Out of Africa: The Global Total of HIV Cases Is Predicted to Hit 75 Million in Five Years If Businesses and Governments Fail to Tackle the Spread of the Virus Together. on Top of the Human Cost, Its Economic Impact Could Be Ruinous
At first glance, southern Africa seems to be bearing the brunt of the Aids epidemic. We've seen the news coverage, we've heard the statistics and all the signs are that the problem there is getting even worse. The United Nations forecasts that up to...
Rate of Notts: Trent Strategic Health Authority Ran Ahead of a National Initiative by Forming Its Own Accreditation Scheme to Ensure Development Support for All Staff in Its Finance Function
The UK's National Health Service is one of the largest employers in the world. Its financial managers have the notoriously tough task of allocating vast amounts of public money to meet a huge range of needs around the country. In England alone there...
Replace the Goalposts: SMEs Often Control the Lives of Their Owners, Rather Than the Other Way Round, but That's Where a Business Coach Can Help. Michael Kamlish Explains How to Be One
If you've spotted the term "business coach" appearing more and more often in the business press, you may be wondering just what it is that a business coach does. Coaching has been around for a long time in sport, of course, but it entered the corporate...
Secret Diary: It Appears That Everyone Now Wants a Piece of the New, Highly Employable Piers Pommeroy. Surely, Yet Another Job Offer Will Lure Him from What's Becoming an Increasingly Regressive Environment?
week 1 It's funny how the first week of the month is usually uneventful--nothing much has happened at all. If this were a paper journal rather than an electronic one, I'd be staring at a lot of blank page right now. Ho hum. week 2 It's only...
The Operating and Financial Review: Richard Mallett Addresses the Key Concerns of CIMA Members about the New Regulations and Richard Slynn Considers the Legal Implications for Directors
CIMA strongly backs the introduction of mandatory operating and financial reviews (OFRs) for quoted UK companies, writes Richard Mallett. Despite this, the institute, along with other bodies, is concerned about the lack of a "safe harbour" in the regulations...