Performance & Financial Management

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Performance & Financial Management

Professional accountants will use many performance & financial management methods and approaches to help their organization deliver its objectives, goals, targets, and strategies. Performance & financial management encompasses all of the management, process, and behavioral aspects of strategy execution and monitoring performance. Read More


The Societal Importance of Cost Accounting Standards Issued by the Institute of Cost Accountants of India

by Rakesh Singh, Chairman, Cost Accounting Standards Board, Institute of Cost Accountants of India | June 17, 2014 | 5

Cost accounting standards promote uniformity and consistency through the integration, harmonization, and standardization of the different principles and practices previously in use. Read More

 4 Recommended

Using Management Accounting to Drive Environmental Performance
by Anthony Pember, Chief Executive Officer, Pilbara Group; Mark Lemon, Manager, Global Public Sector Practice, Grant Thornton LLP; and Stathis Gould, Head of Professional Accountants in Business, IFAC | April 25, 2014 |

Are organizations using management accounting tools, such as activity-based costing and management (ABC/M), to manage environmental impacts? As with a traditional ABC/M model, an environmental ABC/M model leverages an organization’s emissions inventory and GHG footprint, and assigns that footprint to particular products, services, and activities. So why isn’t such a model more widely used? Read More

 2 Recommended

Bringing Decision Making up to Scratch
by Stathis Gould, Head of Professional Accountants in Business, IFAC | February 10, 2014 |

The role of professional accountants in assisting their organizations in making the most of predictive business analytics to improve strategy and performance management enterprise wide is more important than ever. Organizations are drowning in data but starving for information. Read More

 1 Recommended

How Good or Bad Are Your Organization’s Costing Practices?
by Gary Cokins, CPIM, Analytics-Based Performance Management | January 27, 2014 | 2

How can organizations know if their costing practices have become stale and out-of-date and if, consequently, these practices no longer adequately meet the informational needs of managers and employee teams, allowing them to gain insights and make better decisions? Read More


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