Harnessing the power of change

Article Abstract:

The Institute of Management Accountants (IMA) aims to position itself as the world leader in the field of management accounting and financial management. The management, operating committees and staff comprising the institute have undertaken certain strategic activities in 1997 to ensure the achievement of the aforementioned vision. Several changes have been made to the IMA governance structure, a new certification called the Certified in Financial Management (CFM) Program has been launched, and an Information Technology Committee has been created. Moreover, the IMA has partnered with the Financial Management Assn International to support the CFM Program. These are just some of the actions already taken by the institute for the year ending June 1997 to bolster its global leadership. More decisions will be made in the future to further its goals.

Professional Organizations, Professional Membership Assns, Reports, Associations, Professional associations, Institute of Management Accountants

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Creating visibility

Article Abstract:

Financial managers and management accountants should learn how to exude a positive image to create visibility for themselves. Just acquiring the needed accounting and financial management skills is no longer enough. In addition to these basic skills, managers and accountants need to hone their interaction, appearance and marketing capabilities to create an attractive visual package that will make people remember them. This can be achieved by networking, taking care of their appearance, and presenting a pleasing personality. To network successfully, professionals should plan a strategy before attending a function, introduce themselves effectively during the affair, share information about themselves, and exchange business cards. They should also develop their ability to engage in small talk. In addition, they should participate in organizations.

Methods, Practice, Chief financial officers, Career development

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Budgeting for environmental projects: a survey

Article Abstract:

A survey of management accountants was conducted to shed light on the issue of environmental cost accounting. Results showed that a hierarchical structure at the corporate level, division level and plant level is the most common system for the capital budgeting process, which was cited by 30% of the respondents. It was also revealed that the costs considered by management accountants when preparing financial justification for environmental projects are on-site waste management costs (79%) as well as energy (78%) and water costs (74%). Future regulatory compliance costs (59%) and corporate image (55%) were also prime considerations for the respondents. Lastly, only 32% agreed that they consider the impact of a project on hazardous waste liability when making an appropriations request.

Surveys, Environmental auditing

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