Recently added articles from Financial Management (UK):
It's time to rejoice in reaching a great milestone, but the institute will never rest on its journey.(in business)
Mar 01, 2009; ... We begin the institute's official 90th anniversary celebrations around the world this month with two major events in London: a service of thanksgiving at the church of St Martin-in-the-Fields on March 26 (see page 61 for further information), followed later in the day by the CIMA Anthony ...
Heated debate.(letters)(Letter to the editor)
Mar 01, 2009; ... It's disappointing to see that CIMA has thrown its hat into the ring with the Carbon Trust--a sponsored organisation set up to pave the way for increased costs for businesses and consumers alike--to publish yet another weak article on "climate change". The feature ("Hearts and ...
Opportunity knocks.(letters)(Letter to the editor)
Mar 01, 2009; ... In the recent renewal of its mutual recognition agreement (MRA) with CMA Canada, CIMA failed to rectify all of the flaws contained in the original MRA, which it signed five years ago. At that time I pointed out the additional requirements that CIMA members had to fulfil in order ...
Same old, same old problem.(letters)(Letter to the editor)
Mar 01, 2009; ... The Dispatches TV programme on Channel 4 on February 9 illustrated how British recruiters discriminate against older applicants. In the programme, Martin Uoyd-Penney FCA (56) said that recruiters often "lost" his CV, while his unqualified daughter received lots of interest from the same ...
Tougher fines for laggards.(first in)
Mar 01, 2009 ... New penalties for UK companies that file their annual accounts late came into force last month. All fines have been increased and the rate of increase for penalties for filing more than one ...
HMRC focuses on web sites.(first in)
Mar 01, 2009 ... [ILLUSTRATION OMITTED] UK businesses must check that their online operations tally with their real-world tax returns as HMRC is increasingly scrutinising social media sites to evaluate the accuracy of their tax returns. Monitoring social media and blogging sites is extending ...
Indian tax risk highlighted.(first in)
Mar 01, 2009 ... [ILLUSTRATION OMITTED] Companies that have relocated functions to India may face an increase in tax if a new proposal by the Indian service tax authorities is applied. In the past, a liberal indirect tax regime has meant that services exported from India enjoyed a zero tax ...
The governments of France and Poland will be forced to answer to the European Court of Justice in an infringement procedure for failing to implement the third anti-money-laundering directive into their national laws.(first in)(Brief article)
Mar 01, 2009 ... [ILLUSTRATION OMITTED] The governments of France and Poland will be forced to answer to the European Court of Justice in an infringement procedure for falling to implement the third anti-money-laundering directive into their ...
IFAC issues guides on sustainability and governance.(first in)
Mar 01, 2009 ... The professional accountants in business (PAIB) committee of the International Federation of Accountants (IFAC) has produced a framework illustrating how a commitment to sustainabitity can help a company to improve its products or services, motivate staff, reduce costs and enhance its ...
Directors fight shy of reporting internal corruption externally.(first in)
Mar 01, 2009 ... [ILLUSTRATION OMITTED] Organisations that uncover a significant case of corruption should either wait to see whether there are serious repercussions or handle the matter internally, rather than make a voluntary disclosure to the authorities, according to 41 per cent of ...
SMEs gain enhanced training package.(first in)
Mar 01, 2009 ... Small and medium-sized enterprises in the UK can obtain help to train their employees via a more flexible Train to Gain programme, which was introduced in January. Its new measures include free and part-funded training courses in areas intended to give quick returns to a business--from ...
Paul Corcoran FCMA Financial director, Nord Stream.(ONE2ONE)(Cover story)(Company overview)
Mar 01, 2009 ... What is Nord Stream? It's a European-Russian joint venture to plan, construct and operate two 1,220km pipelines carrying gas to Europe under the Baltic Sea. The project was established in late 2005. Gazprom holds a 51 per cent stake, while BASF/Wintershall and E.ON Ruhrgas own ...
UK gap: as British banks have relied increasingly on global liquidity to keep their balance sheets looking healthy, a 625bn [pounds sterling] discrepancy has formed between sums deposited and sums lent. Where has all this money gone.(opinion)
Mar 01, 2009; ... Banks need to retain only a low level of liquidity to meet customer demand at their counters. This is probably the fundamental of banking. They collect money from savers, which in turn they lend to borrowers. The borrowers then spend this money, which in turn is re-deposited in the banking ...
Value-subtracted assets: the credit crisis is causing particular distress for SMEs, and the key problem of lending against depreciating assets may be here for some time. Simon Woolcott considers whether there is a viable alternative.(opinion)
Mar 01, 2009; ... The UK government's second attempt to bail out the banks has highlighted the problems that individuals and smaller businesses are continuing to face when trying to obtain credit. Despite receiving extra public funds, the banks seem to have pulled up the drawbridge, more concerned with ...
Potential skippers: according to UK anti-money-laundering law, "politically exposed persons" pose a possible reputational risk to any firm that deals with them. Martin Nimmo explains who falls into this category.(legal briefing)
Mar 01, 2009; ... The UK Money Laundering Regulations 2007 (MLR) define a politically exposed person (PEP) as someone who "is, or has at any time in the preceding year been, entrusted with a prominent public function by a state other than the UK, a (European) community institution or an international ...
From LOL to ROI: dismiss them at your peril--virtual worlds, social networking sites and blogs are a global phenomenon that's here to stay. Charles Orton-Jones highlights the business benefits of joining the Web 2.0 revolution.
Mar 01, 2009; ... [ILLUSTRATION OMITTED] "My son, the day you were born, the very forests of Lordaeron whispered the name 'Arthas'. My child, I watched with pride as you grew into a weapon of righteousness." Hail, warriors plundering the lands of Azeroth. May you vanquish the ...
Welcome to FM's guide to managing in a downturn.
Mar 01, 2009; ... This special section is dedicated to supporting members and students across the world who are playing a key role in helping their organisations to deal with the continuing repercussions of the credit crunch. In January the International Monetary Fund published an economic ...
Talking shop: everyone has a view on the global economic crisis, but what do they suggest can be done about it?
Mar 01, 2009 ... [ILLUSTRATION OMITTED] Dominique Strauss-Kahn, managing director, International Monetary Fund: "If there's not a restructuring of the banking system, then all the money that you can put into [monetary and fiscal] stimulus will merely go into a black hole ... The ...
On-track minds: tough trading conditions require hard decisions--fast. Disciplined strategic thinking is vital.
Mar 01, 2009; ... Too many companies have started 2009 with hastily implemented plans to slash costs, cut jobs, close facilities and freeze new investments. Only those with a clearly thought-through approach that is aligned to their broader, long-term strategy will survive the downturn and be in a position ...
On the record: as the downturn deepens, firms' financial statements will come under particular scrutiny in a number of specific areas. Audrey Besson-Levine highlights the most delicate aspects to consider.
Mar 01, 2009; ... Financial reporting will be an especially demanding task this year. Auditors, directors and investors will need to pay extra attention to the figures and focus on a number of issues. The role that accounting rules might have played in the origins of the credit crisis has been the subject ...