Financial Management (UK)

Professional magazine covering finance, business, management and technology.

Articles from October

African Operations: Sound Finance Is a Matter of Life and Death for a Ugandan Rural Hospital, as Bill Lovett Found Out
Much has been written about financial management in developing and emerging economies, but such articles tend to focus on the activities of multinational corporations. Even big non-governmental organisations (NGOs) such as Oxfam and Save the Children...
Audit Cost Control: Do You Manage a Medium-Sized Firm with Modest Foreign Operations? Mike Moulder Argues That You May Be Paying Too Much to Auditors
There is a problem with the structure of the Big Four auditing firms and their market. Their resources are geared mainly to satisfying the demands of multinational corporations, which are their main source of revenue. But this means that the Big Four...
Bust-Busters Wanted: The Brash Boom City of Dubai May Boast the Tallest Building in the World, but Tumbling Asset Values and Huge Debts Sent It Begging to Its Creditors Last Year. Can CIMA Members Help to Restore Confidence?
Dubai has been in the news for all the wrong reasons recently. The region, which is one of the United Arab Emirates, has been trying to carve a niche as a luxury tourist destination and financial and global trading hub. In November 2009 it made headlines...
CIMA Is Helping Women to Close the Deplorable Gulf in Pay and Prospects between the Sexes
After the footballing thrills and spills of this summer's World Cup, my trip to southern Africa provided an interesting insight into how CIMA can help organisations to become champions of their own leagues. In Malawi, for example, I met ministers who...
Code Comfort: Neil Hodge Throws Light on Global Initiatives to Increase Transparency
Even though they weren't responsible for the global financial crisis, companies in emerging economies are being scrutinised for their adherence to the kind of corporate governance principles that many of their counterparts in the developed world didn't...
Disciplinary Committee
The disciplinary committee found Michael Nevay, registered student, guilty of misconduct. In July 2009 he was convicted of one count of fraud by abuse of position and one count of false accounting in connection with his employment with a publishing...
Elections to Council 2011: Retirements by Rotation
Notice is given that, as the term of office of the council member in each of the following CIMA electoral constituencies (ECs) expires at the end of the annual general meeting in June 2011, elections will be held in February 2011. Nominations for candidates...
Enterprise Operations: Andy Booth Shows Why E1 Students Need to Discard the "Learn and Churn" Approach and Adopt One That Truly Demonstrates Enterprise
When CIMA renamed the three pillars of its qualification for 2010, it chose its words well, because enterprise is what students must show when tackling all papers in the Enterprise pillar in order to succeed. While the other pillars rely mainly on...
Investment Banking Finance Analyst: Ben Bonny Explains Why CIMA Professionals Will Have an Advantage When Competing for This Highly Sought-After Role
Analytical roles such as the one advertised above are always popular, mainly because they are forward-looking rather than process-orientated in nature. Finance analyst positions are also broader than traditional accounting jobs: they entail close collaboration...
Nice Work? Only Governments Can Force Firms to Be Socially Responsible, but Do We Need More Regulation? Charles Tilley Argues That Virtue Brings Financial Rewards
The great management guru Peter Drucker used to declare that the purpose of a company is to serve society. It does not exist for its own sake, but is a means to an end. Not everyone agrees. Take, for instance, an article that appeared in the Wall Street...
Performance Operations: The Senior Examiner for Paper P1 Offers a Step by Step Guide to Tackling a Topic That's Likely to Crop Up at Every Level: A Project Appraisal
The arrival of the 2010 CIMA syllabus resulted in significant changes to the content of the syllabus for paper P1. The section of the previous (2005) P1 syllabus covering the control and performance measurement of responsibility centres and most of...
P M Kam FCMA CEO, Hong Kong Financial Reporting Council
Hong Kong has historically sat between East and West as a global financial hub. Given the worldwide concerns with corporate governance and transparency, it must be a fascinating time to be involved with its Financial Reporting Council. What is your...
Productivity Improvement: Brian Plowman Compares the Most Popular Techniques Available: Lean Methods, Six Sigma, Process Re-Engineering and Hybrid Approaches
In this article I will not try to cover every approach to productivity improvement or go into great detail on any one method. Rather, the intent is to give an overview of the most widely used techniques, their advantages and disadvantages, and the...
PwC Highlights Gaps in Basel III Draft
New proposals to ensure that banks hold sufficient capital to avoid another credit crisis are not enough to prevent another collapse, according to PwC. Experts at the Big Four auditor have warned that, two years after the failure of Lehman Brothers,...
Value Stream Management: Peter Coote Explains How Firms Can Use an Architectural Approach to Improve the Way Key Back-Office Functions, Including Finance, Perform
Russell Ackoff, the "dean of systems thinking", argued that any successful organisation's managers will look beyond their own departments' functional boundaries and targets in order to understand the effects of their activities on other parts of the...
Vital Signs: While Western Economies Languish with Post-Crisis Fatigue Syndrome, Asian Nations Are Flexing Their Muscles, but, Asks Roger Malone, Can They Revive the Rest of the World?
The global financial crisis busted the popular myth that Asian economies had decoupled from the rest of world. When the US sneezed, China and its neighbours from India to Indonesia caught colds. Without question, Asia was spared the first wave of...