Just a reminder that if you haven't had a look yet, check out the new CGMA site at www.cgma.org as there is lots to discover.  My colleagues and I have been spending the last few months, beavering away to bring CGMAs some exciting new thought leadership reports and tools.

When Nick Leeson, the Singapore based trader who brought down Barings Bank in 1995, realised the losses he was hiding were hours away from being discovered, he left a simple note on his desk.  And fled.  "I'm sorry" read the note and in a radio show last week, the Reunion, the BBC brought together Nick with his ex-boss for the first time when he apologised face to face.  In the show a former colleague, decribed Nick as "struck by a mixture of greed and fear for a number of yea

I've been thinking a lot about the subject of time recently.  It all started with the UK Secretary of State for Business, Vince Cable who launched a review into economic short-termism in autumn last year.  A long-term focus for corporate Britain called for evidence about market short-termism and as I write, the UK Business Department is  ploughing through all the responses with a view to coming up with some firm proposals to address what it feels is a serious weakness of

Hello!

My name is Kelly and I am currently studying the Operational level through CIMA. I've started a new group for all those interested in CIMA in South Africa.

Please feel free to join the group and introduce yourself -

http://community.cimaglobal.com/groups/content/cima-south-africa  

Kelly

I believe it is unhelpful, even dangerous, for accountants to use the same methods to compile their management accounts as they would their financial accounts.

Let me give one simple example – the matching (accruals) concept. The matching concept means that if we build inventory (stock) this month and sell it next month then the costs associated with that inventory (material, labour, overhead) should be capitalised this month and “realised” in the Profit and Loss account when the revenue is earned.

Management can fail to detect long term risks and, worse still, delude themselves into thinking that good times will continue indefinitely. These are mistakes we must avoid.

Winning the CIMA GBC 2010 global finals and bringing Kudos to our motherland would be the ultimate for each of us, who incidentally decided to name our team KUDOS Consultants. It is not all who get to represent their country and do proud. Sri Lanka not being among the highest of stratums internationally, anything and everything that brings fame and attention to this Paradise Island on earth is colossal for all Sri Lankans. And to digest the fact that we have got an opportunity thanks to CIMA GBC 2010 is simply overwhelming.

I am looking to upgrade/replace the current finance system within our organisation in the next year to enable better reporting and provide better quality information to our management team while reducing the time taken to produce the monthly accounts.

Our business is an IT services and support company that provide a variety of IT solutions, consultancy. Which involves many different types of billing, support contracts, product invoices, services invoices, staged payment plans etc etc.

P9 Management Accounting Financial Strategy-- Nov 2007 Q&A

I am facing problems with understanding the answer to P9 Nov’07 Section A question. I wonder if anyone is facing the same problems. I am referring to part (a) of the question regarding intangible asset value calculations. I would appreciate if anyone can help explain to me the following:

You might be aware that the Prince of Wales takes a keen interest in environmental issues.  What you might not know though is that, back in 2004, he established the Accounting for Sustainability Project (A4S) to develop the new approaches to accounting and reporting that are needed to ease the transition towards a sustainable economy.

“Humbug”, said Ebenezer Scrooge, Fellow of the Institute of Avaricious Accountants, as he counted out the coins on his desk. The candle barely gave enough light and the fire glowed down to its last embers. Shadows gathered round his hunched form. 

Every time I post a blog I promise myself (and you guys) that I won’t leave it so long the next time to post another update......but then work, study and life takes over and before you know it another 3 weeks has gone past!

So, last time I posted I had 2 CBAs still outstanding, Management Accounting and Business Maths, and 3 days in which to revise and have a go at them!

An article from today's Times just caught my eye - Business looks to the numbers man for a leader it can count on in times of trouble - and it's good news for you CIMA folks out there.

It has been a busy couple of weeks again; back on the 12^th October I took my Financial Accounting CBA and scored a wonderfully safe 76%! After the lows of economics and business maths this was a huge relief....