Financial Management (UK)

Professional magazine covering finance, business, management and technology.

Articles from October

Built to Last: In the First of a Series in Which We Ask Experts in Different Sectors for the Reviews on Carbon Reduction, Martin West ACMA Discusses the Role of the Property Industry. How Does His Firm Manage Its Own Carbon Strategy and Contribute to Those of Its Clients?
[ILLUSTRATION OMITTED] The type of property an organisation occupies, how it's managed and where it's located all have a significant bearing on that organisation's overall carbon impact. Understanding the effect that a building has on the environment--not...
CIMA Global Events: The CIMA Global Business Challenge
[ILLUSTRATION OMITTED] Team Anova, from the Chinese University of Hong Kong, won the 2009 CIMA Global Business Challenge, a competition designed to bring out the best in potential business leaders among young people, They beat seven other national...
Clampdown on R&D Tax Relief
Increasing numbers of claims for research and development tax relief are being challenged by HM Revenue & Customs, according to Grant Thornton. These challenges are based on a narrower interpretation of existing rules for tax super-deductions...
Clean Break: Final-Salary Pensions Are a Luxury of the Past for Most Private-Sector Employers. Tim Ludlow FCMA, Former Finance Director of Miele GB, Explains How He Scrapped Its Scheme without Alienating the Workforce
[ILLUSTRATION OMITTED] The problem is not uncommon: your firm's defined-benefit pension scheme is a key recruitment and retention tool, but it has a deficit that's increasing at an alarming rate. How do you take this financial risk out of the business...
Close Encounters of the Third-Sector Kind: Charities Are Feeling the Pinch Just as Much as Businesses, Elaine Bentley Explains Why Offering Them Your Services for Free Will Also Benefit Your Career
Picture this: you arrive at the interview for your dream job just as the previous candidate, Mr Slick Suit, swaggers past you on his way out. Your mouth goes dry, doubt starts to kick in and you think: "He's got the job. I just know it. Why would they...
Divestitures: William Gole Recommends a Highly Structured and Disciplined Approach to Corporate Sell-Offs
In both prosperous and difficult times, companies will divest themselves of non-core assets for strategic or tactical reasons. Corporate divestitures are a common occurrence, accounting for a third of all M&A transactions over the past decade,...
Elections to Council 2010
Retirements by rotation Notice is given that, as the term of office of the council member in each of the following CIMA electoral constituencies expires at the end of the AGM in June 2010, elections will be held in February 2010. Nominations for...
Exam Notice
Visit www.cimaglobal.com regularly for updates November 2009 exam entry The November exams will be held on Tuesday 24, Wednesday 25 and Thursday 26. Entry for these is now closed, but in extreme circumstances very late entries may be allowed....
Financial Reporting: The UK Accounting Standards Board Is Proposing a Three-Tier Approach to Developing UK Gaap Converged with IFRS
[ILLUSTRATION OMITTED] We will soon see the end of financial reporting standards (FRSs) and their older colleagues, statements of standard accounting practice (SSAPs). At least that's the intention of the Accounting Standards Board (ASB), which...
Hard Times, Soft Options: Powerful New Business Software Offers Scope for Cost Savings, but Few Firms Can Afford to Splurge on IT in a Downturn. Scott Payton Suggests How to Make a Modest Investment Go a Long Way
Technology that genuinely improves efficiency and cuts costs has always been desirable for businesses, but the recent economic climate has made it downright essential in many cases. Can the emerging generation of relatively cheap business software...
Inter-Organisational Management Accounting: The Rise of Virtual, Networked Organisations Has Brought with It the Need for a Different Approach to Financial Management
I remember being captivated 25 years ago by the idea that some organisations could be legal personalities, incurring debts and entering contracts on their own behalf. Today I'm grappling with the question "what is an organisation?" again, now that...
Keith Smith FCMA Chief Financial Officer, DHL Supply Chain, UK and Ireland
What does the supply-chain side of DHL's business involve? DHL, part of Deutsche Post DHL, is a global business with an annual turnover of 35bn [pounds sterling]. We offer air and ocean freight, road and rail transport, contract logistics and mail...
Management Accounting-Financial Strategy: Calculating a Weighted-Average Cost of Capital Is a Key Skill for P9 Students, as It's Very Likely to Be Examined. William Parrott Shows How It's Done
In essence, the weighted-average cost of capital (WACC) is a simple concept. An entity's cost of capital is an average of the costs of all the finance sources within the company weighted by the total market value of each source. [ILLUSTRATION OMITTED]...
New Principles; Old Principals: Charles Tilley Explains Why We Need to Think Radically to Capitalise on Economic Recovery-But the Financial Basics Are as Essential as Ever
If the vulnerability of the world economy has been obvious to all since the collapse of Lehman Brothers last year, the sheer resilience of the system in recent months has proved every bit as remarkable. In economics, sentiment is everything and at...
Performance Measurement: Alexa Michael Explains the Key Features of a CIMA Resource Designed to Help Members in SMEs Manage through the Downturn and Beyond
Now more than ever, smaller businesses must understand how they can improve their performance, eliminate unnecessary costs and focus on the right strategy to survive the recession. To this end, CIMA has published an updated extract from "Making a success...
Professional Standards: Martin Nimmo Explains the Forthcoming Requirement to Report to CIMA Details about Any Breach of Its Laws Committed by a Member or Student
Many readers will know by now that a new bye-law was proposed by special resolution and agreed at the institute's AGM in June. Bye-law 14A states: "A member or registered student shall report to the institute any facts or matters which may cause him...
Shamil Kairudeen: Financial Controller, the George Hotel, Edinburgh (Part of the Principal Hayley Group)
[ILLUSTRATION OMITTED] You started out as an auditor in your home country of Sri Lanka. How did you end up as a management accountant in Scotland? I started working for Grant Thornton in 1998, but later moved to a clothes manufacturing company...
TOPCIMA: Adrian Sims Explores Some of the Key Issues Raised by the Pre-Seen Material on the V Outsourcing Vendor Company Case Study
A good way to analyse TOPCIMA pre-seen material is to ask three questions: how is the company doing at the moment? What strategic and operational decisions might it face in the coming year? What management accounting knowledge can I use to analyse...