News
Modelling inventory in Excel: Fee FIFO fumbles
It’s not pretty but a formulaic solution is possible when using first-in, first-out basis.IIRC revises integrated reporting framework for greater clarity
Revisions are to clarify concepts, simplify guidance for report preparers, and place greater emphasis on outcomes of businesses’ activities. Fundamental concepts in the framework remain unchanged.Stakeholder capitalism: Moving forward from mere happy talk
It’s time for substantive action from our corporations.Upskilling finance team with business partnering skills
Shifting a traditional finance and accounting team to one that lives and breathes business partnering will require more than training sessions. Consider these lessons from a management accountant’s experience.How B&Q is planning beyond the 2020 retail rollercoaster
The finance director at UK and Ireland retailer B&Q explains how frequent forecasting, scenario modelling, and contingencies are part of 2021 planning.UK top court clears way for COVID-19 business insurance payments
The UK’s Supreme Court dismissed insurers’ appeals in the test case brought by the Financial Conduct Authority on behalf of policyholders.Tackling the stretch assignment
Taking on work that may be beyond your current duties and experience could provide a career boost.Airlines face more turbulence before vaccine relief
A return to positive cash flow for airlines “might not arrive before the end of the year”, global airline industry body IATA warned.Rolling out finance automation with the right priorities
Here are practical suggestions to improve the success of finance process automation: Start with an inside-out approach, focus on high-value reports, do strategic mapping, and consider software’s key functionality.How management accountants can lead the journey to carbon net zero
Finance leaders have a key role in the move towards climate-friendly economies.5 tactics to plan your way through the pandemic in 2021
Many businesses are taking creative approaches to pandemic planning as they brace for a rocky ride through 2021.Business as usual for EU banks in ‘open’ London, says Bank of England
The central bank said the UK’s supervisory approach to international banks ‘remains stable and consistent’ following Brexit.Amendments to international accounting standards adopted by UK
The UK adopted changes to accounting standards relating to interbank offered rates reform and the exemption from applying IFRS 9, Financial Instruments.Video & graphic: Factories bounce back from COVID-19 hit
Manufacturers across Europe ended 2020 on a high while Asian factory activity expanded moderately thanks to robust demand in China, surveys showed.Video: Germans spend their way out of lockdown gloom
German retail spending is forecast to have risen 4% in 2020, with consumers defying lockdowns to drive a huge rise in online spending.How tech investment is leading a UK food business beyond COVID-19
One UK finance leader describes how the business was able to ‘pivot into advanced forecasting’ and use rich data to understand customer behaviour.UK chancellor offers ‘further cash injection’ for lockdown-hit sectors
The UK government announces one-off grants for retail, hospitality, and leisure businesses.Managing warehousing in a changed world
Professionals offer a look at how firms can adapt to the supply chain disruption caused by COVID-19 and Brexit.FRC issues Brexit-related financial reporting guidance, amendments to FRS
The UK’s Financial Reporting Council issued financial reporting guidance and FRS amendments relating to the end of the Brexit transition period.
Read the latest FM digital edition, exclusively for CIMA members and AICPA members who hold the CGMA designation.