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. 1, July

5 Barriers to BI Success and How to Overcome Them
Even the most experienced pilots wouldn't ignore their plane's sophisticated instrumentation and fly into a vicious storm on gut instinct, thinking they could outmaneuver the worst of it and land safely. So why should running a company in a rocky economy...
Cashing out at the Top: Selling a Company with a Bill of Goods
The IMA [R] Committee on Ethics and Raef Lawson, CMA, CFA, CFP, CPA, Ph.D., VP of Research and Professor-in-Residence, are proud to announce that William F. Miller, CPA, Ed.D., has won the Best Case Award in the fifth annual Carl Menconi Case Writing...
Closing the Loop on Closing the Books
IN 1494, LUCA PACIOLI, a Franciscan monk, documented the double-entry bookkeeping process that we follow today. Over the past four decades, as an auditor for six years and a financial manager and consultant for more than 30, I've seen a lot of changes...
Developing a Strategic Plan: IMA's Strategic Plan Is the Result of a Thoughtful, Collaborative, and Transparent Process in Which All Issues Are Thoroughly Analyzed and the Input of Key Stakeholders Is Considered Carefully
Last month I, along with many other IMA[R] members, had the pleasure of attending our 92nd Annual Conference & Exposition in Orlando, Fla. The four-day Conference offered educational sessions and networking opportunities that renewed my appreciation...
Education, Networking Top IMA[R] Annual Conference & Exposition
"Log Off and Get Connected" was the theme of IMA's 92nd Annual Conference & Exposition, June 4-8, 2011, at the Hilton Bonnet Creek Hotel in Orlando, Fla., and members and their guests did just that. Attended by accountants and financial professionals...
Frequency Distribution
This month, we'll look at two ways to create a frequency distribution in Excel. The first method is the FREQUENCY function, but it is difficult to figure out. The second method is to use a pivot table. To begin, suppose you want to analyze an invoice...
Hedge Funds Must Follow Ethical Requirements: The Conviction of Raj Rajaratnam Highlights Several Critical Ethics Issues concerning Hedge Funds. the Use of Expert Networks to Facilitate Insider Trading Is Just One Example That Lays Bare the Need for Greater Scrutiny to Prevent Unethical Trading
The murky world of hedge fund ethics became much clearer with the conviction of Raj Rajaratnam in Manhattan federal court on all 14 counts of fraud and securities law violations. In 1997, Rajaratnam founded Galleon Group, a giant hedge fund that at...
I Achieved My Goal
I will never forget when I first sat down with my mentor at Ernst & Young and told him my plan to achieve three certifications and a master's degree within two years while working full-time. He looked at me like I was crazy, chuckled, and replied,...
Master Budget Project: Fixes
There will be times as you create a database in Access that you make a mistake, like a typo, when naming table, field, query, report, or form. Because everything in a database is connected, renaming the object when you notice the mistake can cause...
New Compensation Disclosures Coming
A new rule from the Securities & Exchange Commission (SEC) upgrades its disclosure requirements related to compensation consultants and requires, for the first time, that board compensation committee members be independent. The rule implements...
Not-for-Profits Not Forgotten: The U.S. FASB and the Canadian AcSB Are Showing Increased Interest in Setting Accounting Standards for Not-for-Profit Reporting Entities in the Private Sector
As regular readers of this column know, changes to final-coal accounting and reporting standards occur frequently these days. Most of the changes that I write about are directed at for-profit (FP) reporting entities in the private sector. Not-for-profit...
Peer Review: An Internal Control for the XBRL SEC Tagging Mandate
In 2009, the U.S. Securities & Exchange Commission (SEC) issued a mandate requiring that U.S. public companies submit their 10-K, 10-Q, and 8-K filings using eXtensible Business Reporting Language (XBRL). The final of the three phases of this mandate...
Take Charge of Your Online Brand: Building Your Professional Image Involves More Than Updating Your Resume. Here's Some Advice for Proactively Branding Yourself in Today's Digital World
It's a Web 2.0 world, and information about each of us is prolific and readily available to potential employers. In the accounting and finance world, it's imperative that you know what that information is saying about you. If you aren't creating your...
The Paperless Library
Paper records are heavy, and they aren't upgradable. If you don't have a space to keep them apart, security of those records also becomes a problem. And if you want to share them, you can put them in an envelope, but your recipient will have to wait...
Turning Budgets into Business: How to Use an Excel-Based Budget to Analyze Company Performance
Budgeting. We can spend hours carefully crafting an adaptable Excel-based budget, but if we can't use that budget to answer actual questions about our products and our business, the whole thing is worthless. A budget is only as useful as the information...