News
Understanding costs: Part 2 — resource-based costing
A new approach to costing relies on an integrated approach to looking at costs, resources, activities, and cost objects — leading to insight for strategy and operations.ISSB sets out draft sustainability standards, 6-point plan
The International Sustainability Standards Board’s launched consultation was coupled with a six-point plan to build on SASB standards development.Maersk warns Shanghai city lockdown will boost transport costs further
Longer freight delivery times and rise in transport costs are likely as Chinese factories look to use other ports as alternatives to Shanghai.Understanding costs: Part 1 — costing concepts
Costing systems have evolved very little over recent decades, with activity-based costing in the late-1980s probably being the last major development.Digital opportunity: Insights from Germany
Management accountants can help maximise value for businesses through cross-functional team working and systematic cost/benefit analyses of digital requests.UK fiscal plans match Association advocacy initiatives
The UK government plans to provide relief measures, including raising National Insurance thresholds in line with income tax, as a relief to taxpayers in difficult economic times.5 ways finance can drive cybersecurity preparedness
Management accountants can be invaluable in addressing cybersecurity risk.New cybersecurity rules proposed for EU bodies amid global concerns
Governments are on high alert, anticipating Russian cyberattacks in retaliation for sanctions.Internal audit transformation is on the rise, but gaps remain
Staffs are working above capacity, so more skill is needed.7 ways to find new energy at work
Practise self-care, set small achievable goals, and enlist employer support to help battle long-term burnout.Navigating the Ukraine conflict
Management accountants need to identify and prepare for a wide range of risks as the Ukraine crisis continues. Here are some resources to help.Ukraine crisis creates havoc for electric-car makers’ supply chains
Prices have soared for metals such as nickel and palladium that are key elements in vehicle manufacturing.4 ways to lean in and discover what employees really want
Checking in with staff, piloting ways of working, and using data can allow you to understand better what employees want and retain them.How to prepare for cyberattacks at a time of heightened threat
Cybersecurity expert Allison Davis Ward, CPA, assesses the cyberthreat landscape and describes what her fellow accountants should be doing to protect their firms, companies and clients.Interactive list: Economic measures taken against Russia
This interactive list shows the measures that are buffeting the Russian economy and could have significant effects throughout the world. (Updated regularly by Reuters.)AICPA & CIMA stand with the people of Ukraine
The Association of International Certified Professional Accountants, the combined voice of the American Institute of CPAs (AICPA) and The Chartered Institute of Management Accountants (CIMA), will suspend indefinitely services in Russia and Belarus.Finance leaders do more than cost cuts to battle elevated input prices
Companies renegotiate terms, diversify sourcing, and focus on adding value and expanding markets to stave off rising input prices.COSO tips: Developing agility in a changing environment
Agile organizations can outmaneuver their competitors in a rapidly changing business environment that has been buffeted by shocks resulting from the COVID-19 pandemic and Russia’s invasion of Ukraine.Calculating weighted averages in Excel
This article shows how to set up Excel spreadsheets to efficiently determine weighted averages and avoid common mistakes.
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