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Financial Management (UK)

visit www.cimaglobal.com regularly for updates

Exam notice: visit www.cimaglobal.com regularly for updates May 2008 exam results The results for the strategic level and TOPCIMA papers were sent out by first-class post or airmail on July 17. The results for managerial level papers were posted on July 24. The results for all non-UK students were posted on July 24. If you […]

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Financial Management (UK)

the advance of IFRS threatens to render many national standard-setting bodies obsolete. David Tyrrall considers the UK Accounting Standards Board’s options

Accounting standards: the advance of IFRS threatens to render many national standard-setting bodies obsolete. David Tyrrall considers the UK Accounting Standards Board’s options David Tyrrall UK and international accounting standards have a long and intertwined history, but the success of the International Accounting Standards Board (IASB) at spreading international financial reporting standards (IFRS) has created […]

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Financial Management (UK)

Martin Taylor explains how to use Michael Porter’s three main strategic models to demonstrate how businesses can develop a long-term competitive advantage

Management accounting—business strategy: Martin Taylor explains how to use Michael Porter’s three main strategic models to demonstrate how businesses can develop a long-term competitive advantage Martin Taylor “Competitive advantage” is a term closely associated with the work of Michael Porter, the Harvard professor who developed a number of the business models covered in the paper […]

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Financial Management (UK)

Management & Cost Accounting

Management & Cost Accounting Lawrence Fox Book: Management Cost Accounting (fifth edition) Author: Colin Drury Publisher: Thompson Learning ISBN: 1861522304 Price: 25.99 [pounds sterling] This book caters for all professional accounting qualifications. It starts by providing the user with a background to cost accounting, then slowly moves on to more advanced techniques, enabling the book […]

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Financial Management (UK)

in the first of two articles, Tim Thompson introduces the case of a company that’s facing a tricky short-term quality problem—and invites you to solve it

Management accounting—decision management: in the first of two articles, Tim Thompson introduces the case of a company that’s facing a tricky short-term quality problem—and invites you to solve it Tim Thompson AGJ is a company that manufactures a product called the Pool Heater and sells it to local authorities, country clubs and private householders. As […]

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Financial Management (UK)

Sharon Flood FCMA: Finance director, John Lewis

Sharon Flood FCMA: Finance director, John Lewis The John Lewis stores are seen as a benchmark for the UK retail industry. Which parts are you responsible for? The John Lewis Partnership has two main divisions: the John Lewis department stores (with John Lewis Direct) and Waitrose. We also have a small but growing direct services […]

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Financial Management (UK)

regulation remains `a key tool’, says Margaret Beckett

Minister hints at new CSR law: regulation remains `a key tool’, says Margaret Beckett Cathy Hayward Legislation is essential to force firms to act more ethically and report on environmental and social issues, according to experts on corporate social responsibility (CSR). “Sustainable development is unobtainable unless the current regulatory environment is strengthened,” said Chris Marsden, […]

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Financial Management (UK)

corporate social responsibility reporting is still at a formative stage, and British businesses are disclosing differing levels of information in a variety of ways in the absence of mandatory standards. Samuel Idowu and Brian Towler study a stream of conscientiousness from 17 companies to compare how and what they report

Just seventeen: corporate social responsibility reporting is still at a formative stage, and British businesses are disclosing differing levels of information in a variety of ways in the absence of mandatory standards. Samuel Idowu and Brian Towler study a stream of conscientiousness from 17 companies to compare how and what they report Samuel Idowu Businesses […]

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Financial Management (UK)

are budgets still needed? David Dugdale and Stephen Lyne investigate whether companies have heeded the call to scrap them and find that, in most organisations, they are still alive and kicking

Budgeting: are budgets still needed? David Dugdale and Stephen Lyne investigate whether companies have heeded the call to scrap them and find that, in most organisations, they are still alive and kicking David Dugdale In recent years the use of budgets has been roundly criticised. Some writers have suggested that companies need to move beyond […]

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Financial Management (UK)

it is highly inadvisable to set performance objectives and then let the measures take care of themselves. Mike Bourne and Andy Neely show how easily dysfunctional behaviour can result from a lack of forethought

Cause and effect: it is highly inadvisable to set performance objectives and then let the measures take care of themselves. Mike Bourne and Andy Neely show how easily dysfunctional behaviour can result from a lack of forethought Mike Bourne Books and articles on the balanced scorecard and performance measurement usually describe how firms set key […]