CMA Management articles from April 2006

CMA Management archives from April 2006

Expanding the field of practice for CMAs.(certified management accountant )(Editorial)
April 1, 2006... The practice of public accounting is now opening up to CMAs across the country. Much of the impetus for this comes from the interpretation of the Agreement on Internal Trade (AIT), which is legislation enacted by Ottawa in 1995 to limit trade...

Winning the Three-Legged Race.
April 1, 2006... At summer picnics, a common event is the three-legged race between pairs of participants. Each participant puts one leg in a sack and they run together. The authors of Winning the Three-Legged Race--When Business and Technology Run Together...

A Thousand Barrels a Second: The Coming Oil Break Point and the Challenges Facing an Energy Dependent World.(Brief article)(Book review)
April 1, 2006... In 2006, world oil consumption will exceed one thousand barrels per second. This will mark an important change that will have far-reaching consequences for world economies, investments, and business profitability. [ILLUSTRATION OMITTED]...

Chasing Daylight.(Eugene O'Kelly)(Brief article)(Book review)
April 1, 2006... What would you do if you discovered you had only a few months to live? In a poignant and provocative memoir, Eugene O'Kelly, a former CEO of KPMG, recounts how he played out the final parts of a life cut short. While an inoperable brain tumor...

Cut middle management, kill productivity.(New and noteworthy information you can use)
April 1, 2006... Companies that cut middle managers jeopardize their productivity more than save costs, a study from McMaster University suggests. "Middle managers are the front line communicators with employees," says Rick Hackett, Canada Research Chair in...

Top 10 tech trends see broader search engines, faster telecom.
April 1, 2006... The Technology, Media and Telecommunications (TMT) industries in Canada and around the world will face significant changes, challenges and opportunities in 2006 and beyond, according to a new study released recently by Deloitte. The 2006...

Customers before cost-cutting, say global CEOs.(chief executive officers)
April 1, 2006... As companies expand across the globe, finding new customers and markets, not just cost cutting, is now their primary goal, according to Pricewaterhouse-Coopers' 9th Annual Global CEO Survey. Nearly two-thirds of the 1,410 CEOs surveyed and...

Relationships everything in outsourcing: study.(New and noteworthy information you can use)
April 1, 2006... During the past 18 months, Vantage Partners, in conjunction with Cutter Consortium, BT's Vital Vision Program, and EquaTerra, surveyed both buyers and providers of outsourcing services to better analyze the link between the value achieved...

Leadership development a cornerstone advantage.(New and noteworthy information you can use)
April 1, 2006... A majority of global business executives believe that leadership shortages are threatening corporate performance, according to the results of the first annual Global Leadership Imperative. This shortage specifically affects their ability to...

New software.(New and noteworthy information you can use)
April 1, 2006... Visit www.managementmag.com for more information on the following software and applications packages: * Stonefield Query for Simply Accounting * CTI Group's Proteus Enterprise

Launching the Satellites.(satellite notebook compuetrs from Toshiba of Canada Ltd. Information Systems Group)
April 1, 2006... Toshiba of Canada Information Systems Group (Toshiba ISG) recently announced the launch of Satellite notebook computers powered by the new Intel Centrino Due mobile technology processor. The newly stylized Satellite P100, Satellite A100 and...

Catching Generation Y: today's young professionals, members of the "echo boom", are a hot commodity. Companies that are committed to attracting them need to change their search strategies for success.
April 1, 2006... Generation Y has been a very hot topic in marketing circles for some time, because they are the "echo boom," a market niche with astronomical spending power. Employers are paying just as much attention. With over 72 million people worldwide in...

Improving the cost accounting advantage: often poorly understood by undergraduate students, traditional cost accounting is still a valuable and much needed tool. The challenge for academics is to make it engaging.(University of Quebec in Montreal )
April 1, 2006... If you have a bachelor's degree in accounting or in business administration (with a major in accounting), you will remember having taken (or survived, as the case may be) one or two courses that introduced you to the concepts of traditional...

Factoring and the credit manager: how factoring can help minimize operational risk.(business strategies)
April 1, 2006... Companies often face challenges with suppliers and partners. Having the proper strategic financial solution is an important consideration in such situations. [ILLUSTRATION OMITTED] For instance, your company has had a long, close...

Creating clear skies: how Navtech Inc., a small Canadian firm, has taken on Europe with a savvy acquisition--a company more than twice its size. Effective communication within its own ranks, a clear understanding of its own business, and a strong due diligence process all made a big difference.(European Aeronautical Group AB)(Company overview)
April 1, 2006... In late 2005, a small Waterloo-based company pulled something off that many would think impossible--it bought up a company almost three times its size in a bid to solidify the European market and expand its product set. The acquisition, and...

The shared services journey: although there is no template for shared services implementation success, those who have been through the process have experienced similar hurdles and successes. A variety of these experts recently met in Ottawa to discuss the important role shared services plays in the public sector today--and how best to manage the delicate development of this organizational model.
April 1, 2006... Shared services have become a critical strategic tool for government officials the world over in the past 10 years. The case for stand-alone organizations that manage administrative or service functions as a core competency, supporting a number...

The service company advantage: why service companies can perform better cost reporting and cost accounting than manufacturing companies.
April 1, 2006... The process discipline found in well managed manufacturing companies is second to none. The statistical process controls, feedback loops, and real time diagnostics are difficult or impossible to replicate in a people intensive service...

Public accounting in Canada: a new CMA public accounting program, soon to be available as a post-designation area of specialization for CMAs, will create expanded opportunities for management accountants and enhance their value proposition for businesses and clients.
April 1, 2006... CMA Canada will soon be offering a new public accounting program as a post-designation area of practice for management accountants. The education, training and work experience acquired by CMAs in public practice will meet the highest standards...

Public practice expertise: with the public accounting landscape quickly changing across Canada, CMAs who qualify to practise in the field will find significant opportunities to strengthen their value proposition for business. Three CMA public accountants in Alberta show how.(chartered management accountant )(Interview)
April 1, 2006... CMA Management recently interviewed three Alberta-based CMAs practising in the field of public accounting. They talked about how the industry is changing, the role that CMAs can play in its evolution, and the challenges and opportunities. Each...

Building with a helping hand: after six decades, NRC-IRAP continues to provide a much-needed boost to start-up SMEs. Are you taking advantage?(government issues)
April 1, 2006... In its almost 60 years of existence, the National Research Council's Industrial Research Assistance Program (NRC-IRAP) has helped thousands of small and medium enterprises find outlets for their innovative work--and the program is still going...