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. 92, No. 2, August

BP Still Hasn't Learned Ethical Lessons
Readers of this column may recall my September 2007 column, "Is BP an Acronym for 'Big Polluter'?" It related the wide disconnect between the high environmental and social goals articulated by the company and the sorry performance concerning those...
CMA: A Great Asset
I began my career in industry, working mining operations and back-office bank operations. I was a Certified Public Accountant (CPA), but then I heard about the Certified Management Accountant (CMA[R]) credential, which seemed to be very relevant to...
FRC and SBC Continue Their Influential Voice
This month I thought I would give an update on the work of IMA's Financial Reporting Committee (FRC) and Small Business Financial and Regulatory Affairs Committee (SBC). For those of you who may not be familiar with them, they are a strong part of...
Lehman's Shell Game: Poor Risk Management
For or fiscal 2007, Lehman Brothers reported record income in excess of $4 billion on revenue of more than $60 billion. In early 2008, its stock was trading in the mid-$60s, yielding a market capitalization of more than $30 billion. Over the next eight...
Process Costing and Management Accounting in Today's Business Environment
It's the classic "either/or" proposition in manufacturing settings, where assembly practices generally follow one of two tracks: job or process. The difference between the two is the ability to trace input costs to finished goods. A manufacturing process...
Project: Concrete Application of Access Concepts
Since this column began, I have covered the basic concepts of using Access as well as some intermediate-level functionality. When learning software, however, people often benefit from a concrete example to apply what they're taught. Over the last year,...
Sandra B. Richtermeyer: Accounting Profession Advocate
Management accountant. Public accountant. Accounting professor. Volunteer. IMA[R] Chair Sandra B. (Sandy) Richtermeyer, CMA, CPA, Ph.D., has been all of these and more. "Now I very much enjoy being an advocate for the accounting profession," she says,...
Starting Down the Certification Path
In my experience as an educator, I'm often asked to provide career counseling and insight into accounting certification. Both students and professionals want to know the answers to two important questions: (1) Is the investment in certification worth...
Sustainability Reporting and XBRL-Part 1
Through his words, Einstein--perhaps presciently--touched on a challenge we often face today in looking at the colossus of information that companies produce. Some of it is useful to some of us; much of it may be useful to none or a tiny few of us....
The Adobe/Apple Compatible Battle Explodes
In the business of computing, there's a durable old chestnut that's understood by all--"Own the standard, own the world." Even if the standard isn't proprietary, the opportunity can present itself where you might be able to pummel a competitor to an...
The Cartel's CFO
In The Accountant's Story: Inside the Violent World of the Medellin Cartel, Roberto Escobar outlines the life and times of Pablo Escobar and the Colombian Medellin Cartel from the mid-1970s until Pablo's death in 1993 from the perspective of the organization's...
Three-Way Lookup
Bobby from Colorado asked this question at the IMA Annual Conference & Exposition in Baltimore: "My G/L data has both Company and Account as the lookup columns. I have to rewrite the VLOOKUP to use the correct range of accounts for a particular...
Tools of the Trade
3M Gold Privacy Filters 3M Gold Privacy Filters complement security measures such as encryption and passwording, procedures that keep your financial or personnel information secure when it isn't up on screen. This third layer protects that information...