Management Accounting (British) back issues from September 1999:
IFAC President acknowledges CIMA's worldwide contribution.(Brief Article)
Sep 01, 1999 ... Frank Harding, President of the International Federation of Accountants (IFAC), has formally acknowledged CIMA's leading worldwide contribution to the science of management accounting. Mr Harding presented the top award in IFAC's prestigious `FMAC Article Award Competition for ...
CIMA alliance with the corporate treasurers.(Brief Article)
Sep 01, 1999 ... In July CIMA's Council approved a strategic alliance with The Association of Corporate Treasurers (ACT) which will add further value to the unquestioned strengths of the CIMA qualification. The unique CIMA/ACT agreement paves the way for CIMA to create similar relationships with other ...
The future for business finance.(Brief Article)
Sep 01, 1999 ... CIMA is leading business into the 21st century with a revision of its world class qualification. In July, the CIMA Council formally approved revisions to the qualification for implementation from May 2001. It builds on the unquestioned strengths of the current qualification by combining a ...
CIMA tops the accountancy charts.(Brief Article)
Sep 01, 1999 ... CIMA is producing the best prepared accountants in the UK, according to the most comprehensive attitude survey of the profession in recent years. Accountancy Age and the recruitment specialists Nigel Lynn Associates have revealed that, whether working in commerce, practice or ...
Avoiding the financial red card.(Brief Article)
Sep 01, 1999 ... Financial management within the football industry has traditionally been poor. CIMA, in association with FTSport and Co-operative Insurance (CIS), sponsored a conference on `The Governance and Regulation of Professional Football' in July. Over the last ten years, British ...
Interest rates having a positive effect on business.(Brief Article)
Sep 01, 1999 ... Despite the internal disagreements within the Bank of England, Eddie George should take heart from the findings of CIMA's latest Quarterly Economic Survey: 42% of respondents felt that current interest rates were having a positive effect on their businesses. Optimism is ...
Mixed views on minimum wage.(Brief Article)
Sep 01, 1999 ... The debate continues over the success or otherwise of the introduction of the minimum wage. CIMA's latest Quarterly Economic Survey demonstrates mixed views, with 80% broadly in favour of the minimum wage at the current level. Despite this optimism, 22% of respondents felt that ...
CIMA hosts international seminar in Trinidad.(Brief Article)
Sep 01, 1999 ... CIMA's successful international seminars continued in Trinidad in July at the Trinidad & Tobago Chamber of Industry & Commerce, Westmoorings. CIMA member John Darlington, Director of AlliedSignal UK, challenged traditional approaches to measuring financial performance, through the theory ...
CIMA urges caution on whistleblowing.(Brief Article)
Sep 01, 1999 ... The new Public Interest Disclosure Act will, for the first time, give employees who speak out against workplace malpractice statutory protection against victimisation and dismissal. CIMA's Head of Professional Standards, Mark Hayward, has welcomed the Act as a major advance in changing the ...
Member in Practice to reveal all.(Brief Article)
Sep 01, 1999 ... An opportunity to learn hands-on best practice skills for a career in professional practice is being offered at CIMA by one of its Members in Practice (MIPs). Tristan Maynard (Fellow) will be presenting `The Skills Workshop for Members in Practice' at CIMA's Portland Place ...
Rail companies warned against `one size fits all' solutions.(Brief Article)
Sep 01, 1999 ... While European rail operators are now beginning to recognise the benefits of revenue management, it is vital that this approach is tailored to suit their own circumstances, according to KPMG Consulting. Speaking at a conference on the European Rail Industry in Brussels, Peter Jarvis, ...
Failing to respond to customer demands.(Brief Article)
Sep 01, 1999 ... A survey of managers in Times 1000 companies, commissioned by Infinium Software, showed that almost three-quarters of companies still structure their workforce according to function rather than customer need. Growing demand for consultancy or value-added services means that 98% of ...
The right approach to accounting IT.
Sep 01, 1999 ... Accounting IT 99 London runs at the Business Design Centre on 20-21 October. The exhibition, sponsored by Microsoft and BASDA, is focused on IT products and services to accountancy and financial professionals encompassing practice, commerce and the public sector and is free to attend with ...
CIMA member appointed as Bahrain's Finance Minister.(Chartered Institute of Management Accountants' Abdulla Saif)(Brief Article)
Sep 01, 1999 ... His Excellency Abdulla Saif, a member of CIMA, has landed the top job of Finance Minister in Bahrain following a cabinet reshuffle in May. Mr Saif is one of 12 pre-eminent and influential CIMA members within Bahrain who are credited with making a very real contribution to the ...
BAA corporate governance conference.
Sep 01, 1999 ... The British Accounting Association's Special Interest Group on Corporate Governance is organising its first conference at Sheffield University Management School on 10 December. Following the publication of the Cadbury Report in 1992, successive UK corporate governance codes of ...
Accounting academics conference in Hong Kong.
Sep 01, 1999 ... The 11th International Conference of Accounting Academics, hosted by Hong Kong Society of Accountants and organised by Lingnan College and Hong Kong Academic Accounting Association, will be held on 15-16 June 2000. Over the last few years, this conference has gained significant interest ...
Progress through sharing-5.(Brief Article)
Sep 01, 1999; ... Latest in the series Feature Report: Managing Information Technology Planning for Business Impact The feature report this month is an executive-level management guideline that has been developed by the International Federation of Accountants (IFAC). This paper describes a ...
Environmental management conference.
Sep 01, 1999 ... ENVEC 99, the Energy and Environmental Management Conference for the South West, is a key event organised to complement the regular training seminars arranged by the South West's Energy & Environmental Management Groups. It provides managers with an extensive exhibition of goods and ...
Major forum on financial management in the new NHS.(National Health Service)(Brief Article)
Sep 01, 1999 ... More than 140 financial directors, senior managers and members of the press attended a major CIMA NHS Open Forum in London on 25 June which considered current developments in financial management in the National Health Service. Jim Birrell, Director of Finance of the North West ...
New CIMA appointment in Russia.(Chartered Institute of Management Accountants, Tatiana Kartalova)(Brief Article)
Sep 01, 1999 ... Despite Russia's economic problems, CIMA is experiencing an overwhelming success in this market. Student recruitment has been rapidly rising, with a 40% increase on last year alone. Many well known companies such as Unilever and Arthur Andersen are keen to invest in CIMA students because ...
Attention young members.(Chartered Institute of Management Accountants)(Brief Article)
Sep 01, 1999 ... You may have read of the new President, David Melvill's, ambition to see younger CIMA members taking an active part in Institute activities. He has been actively involved in CIMA's committees and working groups for over 20 years and now, at 48, he's one of the youngest Presidents the ...
CIMA launches on-line press page.(Chartered Institute of Management Accountants)(Brief Article)
Sep 01, 1999 ... CIMA's press team is proud to announce another first for the accountancy profession. A virtual press centre is now available on the CIMA website which has been designed to make a journalist's life easier. This addition to the CIMA website, already acknowledged by some as the ...
Combatting electronic banking fraud.(Statistical Data Included)
Sep 01, 1999 ... Simple checks and processes could save companies millions of pounds by protecting against fraud committed by employees tampering with the computer spreadsheets governing payments and accounts. Electronic banking fraud is just one of the risks examined in the latest issue of ...
It's for you--or is it?
Sep 01, 1999 ... Are you managing the impact that the wholesale change in telephone numbers will have on your organisation? The change started on 1 June and will run parallel with the old system until April 2000. Mis-handling the changeover could be costly. This is one of the topics covered by May's ...
Manage customers to minimise risk.(Brief Article)(Statistical Data Included)
Sep 01, 1999 ... Effective customer management could minimise the financial risks associated with sales, marketing and customer turnover, according to KPMG Consulting. Speaking at a Business Intelligence conference, director Martin Webley claimed that many companies are leaving themselves financially ...
New electronic commerce forum up and running.(Brief Article)
Sep 01, 1999 ... Business organisations met with tax and VAT officials in June in a new forum hosted by the Inland Revenue and Customs & Excise. The Electronic Commerce Consultation Forum has been set up to discuss with business the taxation issues raised by electronic commerce. This forum ...
Online service for tax practitioners.(Brief Article)
Sep 01, 1999 ... Butterworths, the leading publisher of legal and tax information, has announced that it is to launch Tax Direct, a new internet service for the delivery of tax information to all sectors of the profession. It will provide instant online access to the latest in tax, VAT and National ...
T.E.N videos for May and June.
Sep 01, 1999 ... Project Lucy. Project Gemma. Code names for covert police operations? No the subject of Chinese Walls within KPMG The legal view taken on the use of Chinese Walls is just one of the areas covered in May's TEN video suite of programmes. The News Review includes: ...
Record number of candidates.(Brief Article)(Statistical Data Included)
Sep 01, 1999 ... CIMA's May examinations saw the highest number of candidates on record. A total of 33,391 students sat 87,343 papers worldwide. The overall UK pass rate for students sitting the Stage 4 in May 1999 was 36.1%, which reflects a small increase on the November 1998 sitting. ...
Small firms to benefit from CIMA/Microsoft collaboration.
Sep 01, 1999 ... Two of the hottest topics in the IT world are software piracy and e-commerce. CIMA is tackling these issues head on and has produced guides to help management accountants worldwide. In conjunction with the Microsoft Small Business Task Force, CIMA has published a Guide to ...
Developing corporate muscle.
Sep 01, 1999 ... Developed from Japanese just-in-time (JIT) methods and the worldwide quality revolution, the principles of leanness have established themselves as essential prerequisites for innovation and long-term competitive success, yet little attention has been paid to the people implications of ...
Adding stakeholder value.
Sep 01, 1999 ... Recent developments in financial strategy have concentrated on adding value to organisations. In a book now available from CIMA Publishing, entitled Financial Strategy: Adding Stakeholder Value, the editor J. Rutterford, provides an overview of how these developments can be used to improve ...
A long-term view to implementing ABT.
Sep 01, 1999 ... Just published is a new report by A. Friedman and S. Lyne, Success and Failure of Activity-Based Techniques: A Long. Term Perspective which establishes common criteria for organisations who wish to successfully implement activity based techniques (ABT), by analysing several real life ...
Implementing benchmarking for competitive advantage.
Sep 01, 1999 ... Are you a business manager looking for the ideal starting point to learn more about benchmarking? If so CIMA Publishing now has the book for you. Practical Benchmarking: A Manager's Guide to Creating Competitive Advantage, by S. Cook, will provide you with a step-by-step guide to ...
Perceptions of poor pay among trainees.(Brief Article)(Statistical Data Included)
Sep 01, 1999 ... According to a recent survey, some trainee management accountants feel that they are underpaid and exploited by their employers. The survey of more than 600 trainees, carried out by HW Harrison Willis and Pass magazine, found that 64% of CIMA trainees believed they were not provided with ...
Photographs from the outgoing President.
Sep 01, 1999 ... At the end of the Annual General Meeting in London in June, the retiring President, Peter Layhe, presented a number of colour photographs to the Institute. They have been framed and now adorn the walls of the Secretariat ...
Are you interested in being part of CIMA's developing Professional Standards Committee structure?(Chartered Institute of Management Accountants)(Brief Article)
Sep 01, 1999 ... The new structure (see table below) was approved by the Institute's Council at its March 1999 meeting. The Institute's Professional Standards Committee is a policy Committee with overarching responsibility across the full spectrum of Professional Standards activities. It ...
Culture change in local service delivery.
Sep 01, 1999 ... Gillian Lees, CIMA's Head of Technical Issues, reports on the recent Open Forum for Members in Local Government which was held at the Atlantic Suite, Manchester Airport, in June. Nearly 50 members attended a full day of presentations which centred on cultural change within the ...
CIMA MEDIA MONITOR.(Chartered Institute of Management Accountants news)(Statistical Data Included)
Sep 01, 1999; ... CIMA News Around the World Designed to keep readers informed of the range and extent of CIMA coverage gained worldwide, the Communications team brings you in this issue extracts of media coverage throughout the world over the last six months. These are a reflection of the ...
Internet training innovation.(Brief Article)(Statistical Data Included)
Sep 01, 1999 ... A free internet-based training facility has been launched for accountancy and financial personnel by Robert Half International (RHI). With packages worth up to 2,000 [pounds sterling], this is the first time such a facility has been offered in the UK by a recruitment consultancy and is a ...
LETTERS to the Editor.
Sep 01, 1999 ... Practitioners and academics The letter from Jeremy Gent (July/August, page 13) highlights some of the problems in the correspondence which Mr Gent found `very entertaining indeed'. Unfortunately, it would appear that he has missed some of the key points. In the words ...
Living with budgeting.
Sep 01, 1999; ... We have seen recently in Management Accounting two very different views of budgeting. In Jeremy Hope and Robin Fraser's series of articles[1] they argue that budgets are not essential for the effective management of business; in fact they may be downright harmful. In contrast to this ...
Budgeting and more...(non-profit companies)
Sep 01, 1999; ... I was very interested in the article `Beyond Budgeting' (January 1999) which prompted me to contact the authors directly. I have expressed an interest in examining the final model to see how this could be replicated to the non-profit sector. I have worked for 37 years in budgeting: 12 ...
The foundations of STRATEGIC MANAGEMENT.(Part one of two)
Sep 01, 1999; ... In a two-part article: concluding next month, Richard Bull applies at model of how a business works to assist in our understanding of strategic management and to map the approaches taken by various schools of thoughts on this subject The role and horizon of a management ...
FOCUS ON QUALITY.
Sep 01, 1999; ... Quality is a symptom, an expression, of healthy management in an organization, a reflection of personal responsibility taken by staff. If staff think too much about their delivery of quality, they may ignore the customer--consequently it is not important to `think quality'. Staff need to ...
The devil is in the detail.(new accounting standard FRS12)
Sep 01, 1999; ... FRS12 will change the way in which practically every company deals with provisions and contingencies. The standard is designed to make it impossible to abuse provisions in order to manipulate profits--which is what some companies have done in the past Many companies will now be ...
The management and measurement of INTELLECTUAL CAPITAL.
Sep 01, 1999; ... The history of the human species is a story of invention and ingenuity. It is about the development and harnessing of new technologies, from the earliest stone tool to the latest advances in genetic engineering, and the use of brain power and know how for the advancement of a cause. It is ...
Managing issues beyond 2000.
Sep 01, 1999; ... At the Managerial Leadership Colloquium organised by CIMA Malaysia Division in association with the Malaysian Graduate School of Management, Universiti Putra Malaysia, earlier this year, Y.C. Lee (Fellow) looked at managing issues beyond the year 2000 from a business perspective, from a ...
At your (technical) service.(part one in a series on the Chartered Institute of Management Accountants: Technical Advisory Service)(Brief Article)
Sep 01, 1999; ... Most members will have realised that CIMA's Technical Services Department has undergone some significant changes in the last 18 months. More than 4,500 of you have used the Technical Advisory Service since its inception, in April 1998. More than 3,000 of our good practice guides and other ...
Exposure draft of amendment to FRSSE.
Sep 01, 1999 ... The ASB has published for comment an exposure draft of an amendment to the Financial Reporting Standard for Smaller Entities (FRSSE). The Exposure Draft contains proposals for revising the FRSSE, to ensure that it is kept up-to-date. The FRSSE is an accounting standard that was ...
Reporting financial performance.
Sep 01, 1999 ... The ASB has published a Discussion Paper entitled Reporting Financial Performance: proposals for change. The paper presents a position paper that has been developed by the G4+l group of accounting standard-setters. It reflects an agreed approach to reporting financial performance that each ...
Exposure draft on current taxation.
Sep 01, 1999 ... The ASB has published for public comment FRED18 Current Taxation, which sets out in exposure draft form (i.e. as a draft accounting standard) its proposals for the treatment of current taxation. The FRED does not deal with deferred tax, which is to be the subject of a later exposure draft ....
Insurance companies: amendment to FRS3.
Sep 01, 1999 ... The ASB has issued an amendment to FRS3 Reporting Financial Performance. The amendment applies only to insurance companies and insurance groups. The effect of the amendment is to require insurance companies to include in their profit and loss accounts both realised and unrealised gains and ...
Changes to UITF abstracts deferred.
Sep 01, 1999 ... The ASB's Urgent Issues Task Force has decided not to proceed with the proposed changes to Abstract 13 Accounting for ESOP trusts and Abstract 17 Employee share schemes. The proposed changes were published for comment in March. Many respondents were concerned that any changes ...
CCAB backs charter against organised crime.(Consultative Committee of Accountancy Bodies, European Commission's Charter of the European Professional Associations)(Brief Article)
Sep 01, 1999 ... The CCAB, through the Federation des Experts Comptables Europeens (FEE), has backed a major European initiative to fight organised crime. Along with other European professional accountancy and legal federations, FEE signed the European Commission's Charter of the European Professional ...
APB issues year 2000 guidance.(Auditing Practices Board advises accountants on handling corporate working capital statements in investment circulars)(Brief Article)
Sep 01, 1999 ... The Auditing Practices Board has released a bulletin giving guidance to reporting accountants on the implications of the year 2000 issue for `comfort letters' on working capital statements in investment circulars. The Stock Exchange requires all listing particulars and Class 1 ...
IASC proposes fair value accounting for investment property.(International Accounting Standards Committee)(Brief Article)
Sep 01, 1999 ... The IASC has published proposals for changes to its rules on accounting for investment property. Exposure Draft E64 proposes that an enterprise should: * measure all investment property at fair value and * recognise all changes in the fair value of investment property ...
Fair value accounting for agriculture.(International Accounting Standards Committee)(Brief Article)
Sep 01, 1999 ... The IASC has published an exposure draft of proposed standards of accounting for agricultural activity, a matter not covered in a prior International Accounting Standard. Agricultural activity is the management of the transformation of living animals and plants (`biological assets') into ...
IASC issues two draft interpretations.(International Accounting Standards Committee)(Brief Article)
Sep 01, 1999 ... The Standing Interpretations Committee (SIC) has published two new draft interpretations to clarify two accounting issues under International Accounting Standards. The two draft interpretations are: * SIC - D17, Share Capital--Transaction Costs * SIC - D18, ...
International forum on accountancy development.(launched by International Federation of Accountants)(Brief Article)
Sep 01, 1999 ... The International Forum on Accountancy Development was launched by IFAC in New York in June. Its aim will be to create a more effective environment which will promote transparent financial reporting in both the public and private sectors, audited to high standards by a strong accounting ...
Shareholder wealth and better risk management.(International Federation of Accountants' publication 'Enhancing Shareholder Wealth by Better Managing Business Risk' for accountants)(Brief Article)
Sep 01, 1999 ... Accountants interested in significantly enhancing an organisation's economic performance by better managing risk can gain insights from a new publication, entitled Enhancing Shareholder Wealth by Better Managing Business Risk, just released by IFAC's Financial and Management Accounting ...
ALIVE AND WELL.
Sep 01, 1999; ... David Allen CBE, a Past President of the Institute and a director of a number of companies, deplores what he sees as `knocking copy' and calls for standard costing to be respected for its continuing role at the heart of management accountancy The subject of this column has, in ...
searching the net.
Sep 01, 1999; ... How do you make web queries that work and provide the information that you require? The problem arises from the vast amount of information that is available on the internet. But there are ways to improve your search of the web and get the information you want. How often have you ...
Talk to and through your computer.
Sep 01, 1999; ... Talking to our computers could be about to make a dent in yet another administration budget category Back in 1995, when I suggested in this magazine that computers were on the verge of accepting voice input sufficiently well for the typists to be safely `let go', I felt I was ...
Greening your energy can cost you less.(Review)
Sep 01, 1999; ... Since the motor vehicle industry started cleaning up its act, half the UK's [CO.sup.2] emissions have come from buildings. For every square metre of a typical air-conditioned office building, some 700kg of carbon enters the atmosphere each year and it takes 20 mature trees to absorb it. ...