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IFAC FOCUS AREAS
- Accountability. Now.
- Developing the Global Profession
- Global Representation and Advocacy
- Professional Accountants in Business
- Small and Medium Practices
Independent Standard-Setting Boards
The International Auditing and Assurance Standards Board sets high-quality international standards for auditing, assurance, and quality control that strengthen public confidence in the global profession.
The International Accounting Education Standards Board establishes standards, in the area of professional accounting education, that prescribe technical competence and professional skills, values, ethics, and attitudes.
The International Ethics Standards Board for Accountants sets high-quality, internationally appropriate ethics standards for professional accountants, including auditor independence requirements.
The International Public Sector Accounting Standards Board develops standards, guidance, and resources for use by public sector entities around the world for preparation of general purpose financial statements.
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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
You are now viewing all "cost management" resources. View All Performance & Financial Management Resources
Establishes six fundamental principles that can help professional accountants and their organizations to evaluate and improve their approach to costing.
Presents a balanced picture of the impact of big data on the accountancy and finance professions in the coming 5-10 years by identifying specific opportunities and challenges for the accountancy and finance professions
A look at how the heavy-machinery company Caterpillar has used activity-based management, 6 Sigma, and activity-based costing to help pull it through the most recent recession and how the new formula has prepared it for the next downturn.
This Framework defines the principles, concepts, and constraints that must be considered when designing or implementing a costing approach to support managerial decisions about the operations and economics of an organization’s activity.
Provides a holistic approach that brings clarity to managers on the interplay between planning and performance and allows them to understand the moving parts that produce effective performance management.
This briefing outlines the best opportunities to increase profitability directly and how to create a framework for increasing profitability.
How to make cost cuts—which frequntly errode over time—stick.
- Consultants Underperform Finance Staff on Decision Support
January 8, 2016 - CFO.com
- EU Associations Trio Strongly Involved with SMEs Forge Common CMU Position
November 25, 2015 - Fédération des Experts-comptables Européens – Federation of European Accountants
- IFAC Study Shows Accountancy Strongly Linked to Prosperity, Improved Living Standards
November 12, 2015 - IFAC
- Align Finance, Operations to Improve Working Capital
November 11, 2015 - CFO.com
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