Future of finance

Examine clichés in approach to innovation

To find business areas ripe for disruption, examine assumptions about your processes, your prices or your products, innovation expert Luke Williams said in a speech Monday to the AICPA’s governing body.

Business analytics skills high on CFO wish list

As the quantity of data available to companies grows, skills such as business intelligence and data mining are increasingly essential parts of a finance professional’s toolkit. But getting the most out of business analytics requires much more than technical know-how.

Better reporting leads to improved decision-making, strategic clarity

Companies using integrated reports say they have seen improvements in decision-making, collaboration by board members, and understanding of risks and opportunities. Research by the IIRC also shows most organisations in its pilot programme think the reporting helps educate investors.

Big business decisions more often driven by gut and advice than by data

Executives feel more comfortable using their intuition or the advice of others instead of using data to make a big decision, according to a report by the Economist Intelligence Unit and PwC. Companies that are highly data-driven report improvement in making critical business decisions.

Critical skills needed for finance to cut through complexity

The expansion of finance professionals’ roles in an increasingly complex business environment has created the need for more skills development. Find out what new duties finance is taking on — and how accountants can prepare to succeed in those duties.

Examination and designation updates for 2015

Candidates from the Chartered Institute of Management Accountants and the American Institute of CPAs will soon be required to pass the same, strategic case study exam to earn the CGMA designation.

Nimble thinking takes the lead

Finance professionals are increasingly expected to be business advisers. To fulfil this expectation, they must develop business acumen, which manifests itself in the ability to make faster, more confident strategic decisions.

The 100 most valuable global brands

Technology companies dominate the 2014 list of the world’s most valuable brands. We look at the trends and offer tips on growing brand value.

The four knowledge areas of finance competency

The CGMA Competency Framework gives employers a guide for benchmarking finance competencies and provides finance professionals a way to assess the skills required for current and future roles.

Women on board

Businesses with female senior management exhibit stronger financial performance, research indicates. So what’s stopping so many companies from realising the value of having women at the helm?

Retailers struggle to capitalise on omni-channel opportunity

Providing consumers with a seamless shopping experience across a variety of channels gives retailers a golden opportunity to differentiate their brand, but technical, operational and organisational barriers have prevented many from achieving this goal, posing a threat to their long-term sustainability.

What businesses will expect from finance

CIMA’s 2015 Professional Qualification Syllabus reflects changes in the role of the finance function, to include Big Data, shared services and sustainability, among others. Starting in January, all candidates for the CGMA designation will be required to pass a strategic case study exam rooted in the syllabus.

CPOs shifting focus

A survey of procurement professionals by Deloitte highlights the changing role of the CPO. In addition to the cost reduction focus of recent years, supporting new products and market development are firmly on the agenda for 2014.

Global management accounting principles open for comment

The Chartered Institute of Management Accountants and the American Institute of CPAs released a draft framework of global principles designed to help CFOs and boards benchmark and improve their management accounting practices.

Crowdfunding poses benefits, risks

Although financial return crowdfunding does not pose systemic risks to the world economy yet, it does create problems for investor protection that need to be addressed, according to a new report.

CEOs rank technology as most “transformative” trend

Technological advances provide big opportunities for business transformation, according to a new global survey of CEOs. Evaluating Big Data risks and using innovation strategies can help businesses capitalise on these opportunities.
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