Strategic Finance

Strategic Finance is a magazine reporting on corporate finance, accounting, cash management and budgeting. Formerly titled Management Accounting, it was founded in 1919. The magazine is published monthly by Institute of Management Accountants Inc.Subjects include accountants and accounting. The editor and director is Kathy Williams.

Articles from Vol. 93, No. 2, August

A Second Case of Fraud at Thor Industries: An SEC Cease and Desist Order Directed at Thor Industries after the 1999 Discovery of Fraud at One of Its Subsidiaries Appears to Have Fallen on Deaf Ears. to Avoid Repeat Violations and Ensure That Corporations Implement Appropriate Internal Controls in Similar Cases, Stricter Punishments May Be Needed
Thor Industries, Inc. claims to be the world's largest manufacturer of recreational vehicles and a major builder of buses and ambulances. Its fiscal July 2010 sales were $2.2 billion, and its net income was $110 million. In fiscal 1998, it had sales...
A Solid Foundation
As a CMA [R] (Certified Management Accountant), CPA (Certified Public Accountant), CIA (Certified Internal Auditor ), CFE (Certified Fraud Examiner), CGFM (Certified Government Financial Manager), CSOXP (Certified Sarbanes-Oxley Professional), CGOVP...
A World of Fair Value: The FASB and the IASB Have Issued Converged Standards on Fair Value, and This Is Changing Both U.S. GAAP and IFRS
In recent years, the use of fair value in measuring balance-sheet items has been very controversial. At the same time, the fair value provisions in U.S. Generally Accepted Accounting Principles (GAAP) have differed significantly from those in International...
Brian L. McGuire: Teaming for Success
IMA[R] CHAIR BRIAN MCGUIRE has always believed that passionate people working together toward a goal can perform amazing feats. When he became president of the Mobile Chapter for 1987-88, it was in 86th place in the chapter standings. At the end of...
Business Groups Criticize FSOC'S Preliminary Views
At the heart of the new Financial Stability Oversight Council (FSOC) is the goal of preventing the future collapse of investment banks like Lehman Brothers, which obviously had a huge impact on the fortunes, or lack thereof, of American corporations...
CFTC Action Derails House Bill Delaying Dodd-Frank Deadlines
In May, two House committees passed H.R. 1573, "To facilitate implementation of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, promote regulatory coordination, and avoid market disruption," a bill that would extend by 14...
Check Every Date between Two Dates
This month's formula uses an incredible technique that I learned from the MrExcel.com message board. Anytime you have records with a start date and end date, you can adapt this technique to investigate every unique date in the range. If, as in Figure...
Comparing Budgets to Performance: How to Calculate Sales and Contribution Margin Variances with an Excel-Based Budget
Budgeting. Budgets are often treated like works of art. Enormous amounts of time and energy are devoted to creating them, including long discussions and careful crafting. Then, when the masterpiece is finished and ready to be displayed, it's placed...
Every Manager Can Be an Innovator
When most people hear the word innovation, they think of a creation or invention. In fact, the Merriam Webster Dictionary defines innovation as (1) the introduction of something new or (2) a new idea, method, or device: a novelty. The word is being...
Increasing the ROI of CMA Certification: The CMA Has Always Been Considered an Excellent Certification, but Now We Have Several New Opportunities to Demonstrate Its Value
The CMA[R] (Certified Management Accountant) credential is about to turn 40, and it's more in demand than ever. It was created as a professional certification that would give practicing management accountants (mostly those accountants working inside...
Linking Systems to Improve Results
Every firm wants a competitive advantage, whether it's an in-demand product or service, an efficient method of production, a unique approach to customer sales, or a business system that instantly makes sense of a great quantity of data. At the same...
Master Budget Project: The Balance Sheet Report
As we spend more time in Access, the work becomes more complex and a bit more dependent on the analysis you bring to the task. In my work with Access since 1994, when the program was in its infancy, I have been asked to help create a wide variety of...
Personal Branding: Create Your Value. Proposition: Building Your Personal Brand the Right Way Will Let You Make a Positive Impression on the Decision Makers in Your Organization and Build Your Professional Presence
How is your 2011 career management plan progressing? The first of our six-part series on career management appeared in the January 2011 issue. Now, more than half the year has evaporated. What progress have you made to structure and initiate the...
Real-Time Reporting of Swaps Could Disadvantage End-Users
With the CFTC and SEC pushing back to December 31 the date by which Dodd-Frank final rules have to be published, the focus of the business community has returned to convincing the agencies to make changes to the proposed rules whose provisions have...
The Tablet Horizon-An Update
Recently, a research group decided to test the thesis that the tablet computer was subject to the same diminishing appeal that is experienced by many early adopters of new technologies. The honeymoon for new technology is often notoriously short because...