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 September

Bush Administration Chimes in on Pension Reform
THE TREASURY DEPARTMENT added a little spice to the congressional debate on pension reform when it threw a controversial proposal into the legislative mix. I had previously mentioned in this space a bill (H.R. 1776) introduced in April by Reps. Benjamin...
Challenge to Accountants: Go Digital
A NEW ERA OF DIGITAL REPORTING, LED BY the eXtensible Business Reporting Language (XBRL), is beginning to take hold across the globe. Here are a few samples of recent press releases that illustrate the point: NEW YORK, N.Y., AUGUST 5, 2003--XBRL-US...
Donald Nicolaisen Is New SEC Chief Accountant
DONALD T. NICOLAISEN, CPA, A SENIOR PARTNER AT PRICEWATERHOUSE-Coopers LLP, has been named chief accountant at the Securities & Exchange Commission. He will join the SEC late this month. Nicolaisen, 59, succeeds Robert Herdman, who resigned last...
Eight Ethical Traits of a Healthy Organization
MOST PEOPLE IN POSITIONS OF RESPONSIBILITY KNOW THAT A CODE OF ETHICS and corporate conduct is a legal requirement and thus give at least lip service to principles of good ethics in their business dealings. Yet sometimes they may have difficulty applying...
Fair Value Accounting: Its Time Has Come and Gone
It's easy to find fault with the present historical cost model used in generally accepted accounting principles (GAAP). Prices change, and the original cost of an asset can be way below (or way above) its value on the open market today. Proponents...
Five Things to Look for in Job Candidates
A bachelor's degress in accounting, proficiency in Microsoft Excel, five or more years of experience, strong quantitative and analytical skills, and a tax background. All of these are common requirements for a senior accountant position. But the right...
IMA: Back in the Research Business
As I mentioned in a previous issue of Strategic Finance, one of our goals this year is to put IMA back into the research business. If we aspire to be the premier organization in accounting, then we must not only stay on the cutting edge, we must create...
Infinite Patience
One federal agency's stodgy definition of a password is "a protected character string used to authenticate the identity of a computer system user or to authenticate access to system resources." (Federal Information Processing Standards PUB 181.) The...
Information on Demand: How New Turbo-Charged Tools Are Changing the Face of Business Performance Management
Just as spreadsheets changed the nature of numbers crunching, powerful business performance management (BPM) tools are now changing the way we gather information and use it. Good thing, especially since executives want more information faster than...
Is What-You-See Really What-You-Got? in Order to Match All the "Stuff" to All the "Money," You Need a Comprehensive Internal Control Methodology That Works with Sarbanes-Oxley
EVER SINCE the Arthur Andersen/Enron scandal broke in 2001, the headlines have been dominated by alleged financial frauds at companies such as WorldCom, Xerox, Adelphia, Merrill Lynch, and Tyco. Congress reacted by passing the Sarbanes-Oxley Act of...
Legal Liability for Your Financial Reporting?
IT ISN'T ONLY CEOS AND CFOS who are legally exposed to Sarbanes-Oxley rules for certification of financial statements' accuracy and completeness. So are treasurers, financial managers, controllers, and any other financial professionals within a company...
Part 1: Are You a Business Partner? Many Management Accountants and Financial Managers Have Made the Leap and Are Enjoying Their Valuable New Role
Business partners help run businesses. They are consulted on all major decisions. They are proactive with information, are focused on improving business processes, and are team leaders. Their work is exciting, and they are enthusiastic about what they...
Performance Measures That Drive the First Tenet of Business Strategy
Businesses are driven in the direction they are steered. Performance measures provide the steering, guiding an organization into activities that are monitored in measurable results. But what's the long-term direction in which a company must be guided?...
Straightening Up
Straightening Up If you've ever had to unplug your keyboard, mouse, speakers, or any USB connection, you know the challenge of cable bingo. Unplug more than one line at a time, and the game's begun. Clark Cable[TM] has a set of reusable plastic...
Strategic Finance: Quiz 3 CPE Credits
Earn Continuing Professional Education Credit IMA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy...
The Cash Factor
If you used your credit card to buy gas on your trip to the office this morning, then you understand the essential elements of factoring receivables. The credit card, one of the most common modern personal receivable finance vehicles, is similar to...
ThoLOSTught
WHAT DID THAT TITLE SAY? WERE YOU ABLE TO read it? If we follow the rules of written English, the title doesn't make sense. We are lost--lost in the thought that there is only one way to read. Figuring out the headline is a game. But the consequences...
Web-Based Reporting: A Vision for the Future
Over the past five years, the Internet has crept into almost every facet of our lives. From airline schedules to zoo operating hours, anything you want to know is just a click away--or so it seems. Today, more and more people are looking to the...