Financial Management (FM) magazine

Stephen Flatman, vice-president–Education & Professional Qualifications at the Association of International Certified Professional Accountants, explains how the CGMA Professional Qualification (CGMA PQ) upgrade is designed to respond to the change of “shape” in the finance function and how those changes will propel businesses and expand opportunities for finance professionals. Flatman discusses disruptions to role requirements and career development opportunities in a competitive job market and the skills and competencies required for finance professionals to drive organisations forward and future-proof their careers. “I genuinely think we engineered the way we think about education, and that will transform the skills and competency acquisition of candidates going through the programme,” Flatman said. “We think that there's real growth in the strategic and analytical roles that we're preparing people for.” What you'll learn from this episode: §  External factors driving talent development challenges for employers. §  Some ways the CGMA PQ is changing to meet the growing requirements of the finance function. §  What an evolving finance function means for students and members. §  How a business-partnering focus aims to expand future finance professionals' skillsets. §  Essential skills to empower professionals across various roles and industries.

This episode features Oliver Rowe, FM's editor-in-chief, detailing the contents of the magazine's June digital edition. The discussion begins with a focus on the CGMA Professional Qualification's May update. Rowe also details the key points of an article about accountability and discusses the magazine's regular columns and features. The episode closes with an explanation of how members can access the June digital edition as well as the issue library. Previous 2025 episodes about the digital editions: n  February n  April What you'll learn from this episode: ·         Highlights of an article about the CGMA Professional Qualification update. ·         Advice in an article about dealing with the growing threat of deepfake fraud. ·         A summary of the president's column by Simon Bittlestone, FCMA, CGMA. ·         Details of one article's focus on the social-return-on-investment framework. ·         An explanation of vertical and horizontal accountability and their relationship to the finance function.

This episode of the FM podcast is the continuation of an occasional series on the show called Beyond the Code. That means taking a detailed look at part of the CIMA Code of Ethics. Xose Lumor, manager–Advocacy and Professional Ethics, discusses details with Monique Samuel, associate manager–Professional Conduct, on how members can properly handle official complaints and what they should know about the process if a complaint moves forward. Resources mentioned in this episode include: n  A downloadable ethics checklist. n  CIMA Member in Practice Rules. n  A summary page on CIMA's approach to potential sanctions. What you'll learn from this episode: ·         An introduction of the topic and a refresher on the Beyond the Code series. ·         Why members in practice should maintain communication with a client that has raised an official complaint. ·         An explanation of resources, including an ethics checklist that can help members deal with ethical dilemmas. ·         Samuel's summary of the process after an ethics complaint is referred to the Disciplinary Committee. ·         A reminder that such complaints are rare.

Bayport Financial Services' CEO Alfred Ramosedi, FCMA, CGMA, explains why having employees return to the office is not enough to improve productivity and why leaders should transparently explain expectations of workers.  Ramosedi details the benefits for organisations that are intentional about bringing employees back to the office, where morale could be affected by return-to-office policies, and what three things senior leaders can do to drive productivity across all work models and environments.  What you'll learn from this episode: §  Four reasons companies are asking employees to return to the office. §  Why leaders need to understand and communicate how they intend to measure productivity. §  Three possible advantages for companies' bringing employees back to the office. §  Morale concerns that could arise from return-to-office policies. §  The importance of rewarding employees with flexible working arrangements. §  Three things leaders can consider to drive productivity across all work models.

Author Mike Drayton, a clinical psychologist and leadership coach at the University of Oxford's Saïd Business School, explores attributes professionals can build on to be more persuasive at work, key distinctions between persuasion and manipulation, and examples of coercion in the workplace. He also explains why expanding influence in the workplace is less about “clever words or phrases” and more about exhibiting expertise and reliability. On 8 May, Drayton is scheduled to speak on influencing and persuasion skills at AICPA & CIMA's 2025 CPD 360 Annual Conference at the Jodrell Bank Centre for Engagement in the UK.  Last July on the FM podcast, he shared tips for managing burnout, including how to adopt firm boundaries to prioritise wellbeing. What you'll learn from this episode:  §  Some differences between influence and persuasion. §  Attributes and behaviours that can make us more persuasive. §  Distinctions between persuasion and manipulation. §  How to spot and respond to coercive tactics in the workplace. §  Two fundamental traits that make us more respected at work. §  Questions to help professionals identify their strengths and weaknesses.

This episode features Oliver Rowe, FM's editor-in-chief, detailing the contents of the magazine's April digital edition.   The discussion highlights articles on artificial intelligence (AI), including one that advises how finance can steer AI adoption. Rowe also details the key points of an article on understanding and avoiding burnout and discusses April's regular columns. Also included: an explanation of how members can access the April digital edition as well as the issue library. What you'll learn from this episode: ·         The edition's focus on AI and explanation of three AI-related articles. ·         Advice from regular FM writer Rhymer Rigby on avoiding burnout. ·         A practical Excel article: How to create a chart template in Excel. ·         The other articles in the edition, including regular columns, a Q&A with Association CEO Mark Koziel, CPA, CGMA, and Institute News. ·         Ways to access the April edition.

Andrew Pain, a motivational, mental health, and wellbeing speaker, explains why we should be cautious about using gut feelings to help us make decisions.  Pain also explains psychological and environmental steps we can take to ensure our decision-making processes are fair and logical and offers ways organisations can make conversations around biases more comfortable and accessible. “If we want to make better decisions, then we need to understand these biases and how we relate to them,” Pain said. What you'll learn from this episode: §  Why our gut instincts are often flawed. §  A mental checklist for working through problems effectively. §  Resources to improve our awareness of biased thinking. §  One way organisations can improve bias training courses. §  Environmental factors and stimuli that can interact with cognitive processing.

Wassia Kamon, CPA, a member of AICPA & CIMA's Women's Initiatives Executive Committee (WIEC), emphasises the interplay between gender equity, representation, and establishing yourself as a leader in this podcast episode celebrating International Women's Day. Kamon discloses how seeing gender representation early in her career helped her find her voice at work while balancing study and family commitments. She also explains why women often endure “subconscious” doubts when it comes recognising their worth as a leader. International Women's Day this year is on Saturday 8 March. What you'll learn from this episode: Why more women are climbing the ladder in the profession. Gender representation's impact on work culture. The relationship between hybrid work and equal opportunities. How the WIEC engages and empowers women in finance. The convergence of underrepresentation and impostor syndrome.

Clare Haynes, an organisational psychology specialist and leadership coach, explains why there is a disconnection between teams and leadership, and suggests some ways leaders can get meaningful feedback from their teams.  Haynes also identifies some qualities and traits that can help leaders grow in their roles, and why it's important for leaders to “have a sounding board” during times of stress and increased pressure.  What you'll learn from this episode:  §  Why teams and management are becoming more disconnected from each other. §  The relationship between new working environments and skill loss. §  Two ways leaders can elicit constructive feedback from their teams. §  Notable traits and qualities that inspire better leadership. §  Tactics to reduce stress and minimise burnout risks for leaders.

This episode features Oliver Rowe, the editor-in-chief of FM, detailing the contents of the February digital edition of the magazine. The discussion summarises articles on developing executive presence, more effective people leadership, and the right way to share and analyse data. Rowe explains how members can access the most recent edition of the online magazine as well as the issue library. What you'll learn from this episode: ·         Strategies for building executive presence, including the advice that not all the skills are must-haves. ·         A summary of an article on ensuring that DEI initiatives enhance business outcomes. ·         How finance business partners can optimise so-called “democratised” data. ·         Details about the cover story on managing people.

 Zach Rattner, co-founder of global software development company Yembo, says that when it comes to artificial intelligence, organisations are eager to get started with AI but wary of the pitfalls. “Every group is figuring out what does it mean for them, and the rules of how it is going to end up are still being decided,” he said on this episode of the FM podcast, recorded at UK & Ireland ENGAGE. Rattner explains beneficial ways to explore those tools to help professionals and leaders work better with them, what interpersonal skills professionals could sharpen as organisations become more driven by technology, and why it's counterproductive to resist experimenting with technology.  What you'll learn from this episode:  §  Where finance professionals can expand their thinking around the possibilities of AI. §  How to avoid “losing your seat at the table” for AI conversations. §  Platforms that can help professionals upskill and enhance AI literacy. §  The essential interpersonal skills to develop for the digital era. §  Why fear of failure is a roadblock to AI proficiency.

Former CIMA President Sarah Ghosh, FCMA, CGMA, discusses the ways the finance function is evolving and the skills finance professionals will need to develop to lead their organisations on that journey.  Ghosh explains the value of continous learning, some of the “power skills” management accountants and finance professionals can adopt to drive value for their organisations as business partners, and what finance professionals need to start thinking about as their roles broaden.  What you'll learn from this episode:  §  Three themes to think about as the finance profession evolves. §  The interplay between data storytelling and technology. §  What “power skills” are critical to navigating the profession in the future. §  Key skills for becoming a better business partner. §  The career development opportunities that emanate from expanding your role.

Financial trainer, speaker, and author Andi Lonnen discusses the skills finance professionals need to develop to move into a finance business partner role. Lonnen's formula for success sets out the ways finance professionals can upskill to move into the role with knowledge, creativity, and confidence.  She also discusses the importance of speaking the language of other departments, where a background in finance can be advantageous to the role, and how professionals looking to make the transition can develop a deeper understanding of their organisation's goals and challenges.  What you'll learn from this episode: §  Nine skills finance professionals need to be effective business partners. §  Ways to demonstrate and translate finance skills into business language. §  The importance of getting “personal” when forming connections across departments. §  How finance professionals can add value to their organisations in a business partner role. §  Why remembering to be human is fundamental to success.

This episode features Oliver Rowe, the editor-in-chief of FM, detailing the contents of the December digital edition of the magazine. The discussion summarises articles on topics that include skills development beyond core finance, using Excel modelling to avoid costly mistakes, and capital investment decision-making. Rowe explains how members can access the most recent edition of the online magazine as well as the issue library. Previous podcast episodes focusing on 2024 digital editions: February April June August October What you'll learn from this episode: Coverage of the AICPA & CIMA leadership transition. Skills that CGMA designation holders have developed to advance their careers. A summary of an article on balancing in-office work and at-home work. Highlights of an article about Excel modelling and how it can minimise mistakes.

Career coach Devya Athwal, ACMA, CGMA, discusses positive beliefs and steps that can help professional accountants become more confident in their roles.  Athwal, a speaker at UK & Ireland ENGAGE in October in London, also explains why transformation starts from within and how letting go of day-to-day fears can help professionals better accomplish their goals. What you'll learn from this episode:  §  Why Athwal believes that transformation starts with looking inward. §  How accountants can overcome their own limiting beliefs. §  Practical ways to channel a growth mindset. §  Steps to building confidence in challenging environments. §  The link between collaboration, knowledge sharing, and career development.

Naomi Dake, a wellbeing, leadership, and organisation development specialist, explains how to use stress as a tool to develop professionally, induce curiousity, and improve performance at work.  Dake also discusses the relationship between stress and mindset and the nonfinancial ways leaders and managers can invest in teams and employees to prioritise growth and wellbeing.  What you'll learn from this episode: §  The core attributes of a wellbeing culture. §  The distiguishing factors between a healthy and unhealthy work environment. §  Leadership practices that can inform a healthy work enviornment. §  Psychological traits and tools that can help us work better under stress. §  Why role-modelling is key to building a culture of growth and safety.

Persistence has paid off for Ameena Ziauddin, FCMA, CGMA, president and managing director of Norfolk Foods in Sri Lanka, who sees value in the power of connection, whether on LinkedIn or over a cup of coffee. What you'll learn from this episode: Why memories such as being “on the roof” stand out to Ziauddin. The ways that Norfolk Foods emphasises and values innovation. How Ziauddin's exposure to several industries has helped improve efficiencies and implement cost-saving initiatives. The value of having “a simple chat over a cup of coffee”. Ziauddin's advice for the next generation of finance professionals.

This episode features Oliver Rowe, the editor-in-chief of FM, detailing the contents of the October digital edition of the magazine. Rowe highlights several articles, including a focus on cybersecurity. Rowe explains how members can access the most recent edition of the online magazine as well as the issue library. Previous podcast episodes focusing on 2024 digital editions: February April June August What you'll learn from this episode: ·         The theme of the October digital edition. ·         Finance's role in mitigating ransomware threats and response to such incidents. ·         The growing problem of recruitment fraud and how finance professionals can guard against it. ·         Details of an article about how CFOs can strengthen their contribution to the business.

Simon Bittlestone, FCMA, CGMA, began his one-year term as CIMA president and AICPA & CIMA chair in June, and he joined the FM podcast for an interview in late July, discussing what he sees as three key opportunities for the accounting and finance profession. In the episode, Bittlestone reviews his focus areas, explains the value of a technology background when leading technology initiatives, and details how seizing opportunity as it relates to today's workforce can help to future-proof the profession. What you'll learn from this episode: ·         Why he agrees that the profession faces challenges, which he views as opportunities. ·         The area of accountants' work that, according to Bittlestone, has understandable “pushback”. ·         Three takeaways from Bittlestone on the ESG course offered in partnership with Oxford University. ·         Why Bittlestone considers it important to focus on the profession's future generations and accountants already in the profession. ·         His thoughts on the retirement of AICPA & CIMA CEO Barry Melancon, CPA, CGMA.

Paul Thambar, FCMA, CGMA, Ph.D., associate professor of accounting at Monash University in Australia, explains the obstacles CFOs face when transitioning to a business partner role and where organisations are setting ambiguous and conflicting expectations for finance leaders. A recent AICPA & CIMA report on the role of the CFO was informed by Thambar's research. Thambar also discusses the challenges and opportunities for CFOs grappling with digitilisation and how aspiring CFOs can adopt a “progressive” approach to career development. Thambar also was a guest on a 2019 FM podcast episode. What you'll learn from this episode: §  Why CFOs sometimes struggle to transition into a business partner role. §  Some ways organisations are setting ambiguous and conflicting expectations. §  How relationship building can help CFOs grow in their roles. §  The importance of understanding digitilisation at “two levels”. §  What it means to be a “progressive” CFO.

This episode features Oliver Rowe, the editor-in-chief of FM, detailing the contents of the August digital edition of the magazine. Rowe highlights several articles, including the first column by CIMA President Simon Bittlestone, FCMA, CGMA. He also discusses articles on digital transformation, based on a previous FM podcast episode with author David Rogers; working with images in Excel; and dealing with meeting anxiety. Rowe explains how members can access the most recent edition of the online magazine as well as the issue library. Previous podcast episodes focusing on 2024 digital editions: n  February n  April n  June What you'll learn from this episode: ·         Details on an article about digital transformation — and why many of the steps in such a transformation don't include technology. ·         Highlights of an Excel article by Liam Bastick, FCMA, CGMA. ·         Advice on preparing for and overcoming anxiety about meetings. ·         Options for accessing current and past digital editions.

Author Mike Drayton, a clinical psychologist and leadership coach at Saïd Business School, University of Oxford, explains why certain people are more susceptible to burnout than others, how people can recognise the early signs of burnout within themselves and in the people around them, and why it's important to stay “rounded”. Drayton suggests tactics that leaders and professionals can adopt to establish firm boundaries, promote work/life balance within their teams, cultures, and themselves, and encourage professional and personal development.  Drayton is scheduled to speak in October at UK and Ireland ENGAGE about the psychology of influence and persuasion.  What you'll learn from this episode: §  Steps for managing burnout. §  What behaviours can determine if leaders will be prone to burnout or not. §  Two personality traits that make people more vulnerable to burnout. §  Ways to set firm boundaries that prioritise work/life balance. §  What it means to “strive for wholeness” and how to adopt that mindset.

This episode of the FM podcast is the continuation of an occasional series on the show called Beyond the Code. That means taking a detailed look at the CIMA Code of Ethics.   Xose Lumor, manager–Advocacy and Professional Ethics–Management Accounting at AICPA & CIMA, talks with Samantha McDonough, another AICPA & CIMA ethics manager, who oversees the CIMA ethics helpline and email inbox.   In the episode, McDonough shares some of the questions received from CIMA members and registered students, general guidance for how some of those concerns can be addressed, and resources for members who might find themselves facing an ethics dilemma. Resources mentioned in this episode include: n  The main CIMA ethics resources page. n  The page where an ethics checklist can be downloaded. n  The email address for members with ethics questions. What you'll learn from this episode: ·         An introduction of the topic and the focus of the Beyond the Code series. ·         Why McDonough advises members and students to give business advice in writing. ·         A hypothetical example of a potential conflict of interest. ·         One scenario in which an accountant might be asked to create a misleading financial report. ·         Resources available on the CIMA ethics page, including the email inbox address and the number for the telephone helpline.

This episode features Oliver Rowe, the editor-in-chief of FM, detailing the contents of the June digital edition of the magazine. Rowe highlights several articles, including one on the risks associated with generative AI.   One article explores common management reporting mistakes to avoid. Also in the issue are articles about successful enterprise resource planning implementations and on the shifts that are redefining how finance creates sustainable value.   Rowe explains how members can access the most recent edition of the online magazine as well as the issue library.   This link features Rowe speaking about the February edition, and this link has the conversation about the April edition. What you'll learn from this episode: ·         Details of an article focused on the risks of generative AI. ·         Highlights of an Excel article by Liam Bastick, FCMA, CGMA. ·         Advice from author Rhymer Rigby on preparing to go on holiday. ·         Options for accessing current and past digital editions.

Author Nuala Walsh, CEO and founder of MindEquity, a business and behavioural science consultancy in the UK, discusses the challenges of being a thoughtful leader in “the daily din of distraction and disinformation” – and why decision friction is a necessary skill.  Walsh's book, Tune In: How to Make Smarter Decisions in a Noisy World, suggests numerous strategies that leaders can use to analyse information effectively and holistically, as well as methods to recognise biases and misjudgements that could hold them back. What you'll learn from this episode: §  What it means to tune in and tune out. §  Some reasons we fall into misinformation traps. §  Strategies we can use to recognise our biases. §  How decision friction can help us more accurately decode the information we hear. §  The benefits of using emotional intelligence to interpret clouded judgements.

The best time to start on digital transformation? Well, it was five years ago. But, says digital transformation expert David Rogers, starting now is the next best time. Rogers, an author, speaker, and corporate consultant, is also a professor at Columbia University. He explains some of the ways companies hurt themselves in transformation efforts, why people management is such a big part of those digital changes, and how some companies are making gains even without big budgets or fancy, new apps. What you'll learn from this episode: ·         A discussion on why digital transformations are so difficult. ·         The importance of people alignment in a digital transformation effort. ·         Why budgeting is not a vital part of such transformations. ·         The advice about planting a tree that also applies to digital transformation urgency. ·         Why there is no single KPI for digital transformation.

This episode features Oliver Rowe, the editor-in-chief of FM, detailing the contents of the April digital edition of the magazine. Rowe explains how members can access the most recent edition of the online magazine. He also highlights several articles, including this edition's theme of sustainability. One noteworthy column, on businesses increasingly taking a multicapital approach to maximising value, was written by CIMA President Sarah Ghosh, FCMA, CGMA. Ghosh recently was a guest on the FM podcast, speaking about the importance of International Women's Day. Also, this link features Rowe speaking about the February edition. What you'll learn from this episode: ·         The paths for members to access content in the digital editions. ·         Highlights of the April edition, including focus areas of sustainability and leadership. ·         The advice regular contributor Rhymer Rigby gives for delivering bad news. ·         The focus of Liam Bastick's column on using Microsoft Excel.

Avani Desai, CPA, attended the World Economic Forum's annual meeting in Davos, Switzerland, in January. It was her first visit to the mountain town's famed event that brings together world leaders and subject matter experts. In this episode of the FM podcast, Desai reflected on the lessons she learned and on the perspective she gained — as an attendee and a discussion moderator. Desai led a panel discussion on the intersection of artificial intelligence (AI), supply chains, and cybersecurity. She summarised some of the lessons she can apply to her role as CEO of a large US accounting firm. What you'll learn from this episode: ·         Desai's description of the World Economic Forum meeting in Davos, Switzerland. ·         Details of the panel discussion that Desai led. ·         The session that was “definitely a highlight” for Desai. ·         The tie-in between AI and cybersecurity. ·         Why the International Women's Day theme resonates with her. ·         How one mentoring experience changed Desai's view of Schellman's messaging about the profession. ·         The lessons from Davos she has taken back to her firm.

Sarah Ghosh, FCMA, CGMA, is most of the way through her one-year term as CIMA president. In this episode of the FM podcast, intended to recognise International Women's Day, she reflects on people she's met, questions she's asked, and progress made on numerous fronts. Ghosh discussed the launch of an AICPA & CIMA mentoring programme, reflected on her background in technology, and shared highlights of her global travels.  FM resources: Article about a finance director on leading with integrity Article about a CFO in South Africa who champions collaboration Article about a Singapore CFO on leadership AICPA & CIMA resource: Main page on diversity, equity, and inclusion What you'll learn from this episode: ·         Three themes of her term as CIMA president. ·         How the accounting profession can continue to be purpose-driven. ·         Ways in which the profession can take the lead on inspiring inclusion. ·         The stories of female leaders that “are really powerful”.

Author Alison Taylor, a clinical associate professor at New York University's Stern School of Business, explains the reasons business ethics has become a “confused topic” and why treating ethical problems as “tick-the-box PR” can make leaders look directionless. Taylor's book, Higher Ground: How Business Can Do the Right Thing in a Turbulent World, opens up a discourse on new ways to approach this complex landscape and highlights the importance of prioritising fundamental values, with the impact on human beings at the centre of decision-making.   What you'll learn from this episode: Why business ethics is a complex issue. The problems arising from conflating ethics and ideology and treating “CEOs as politicians”. How to cut through the noise by taking a people-centric approach. The reasons that leaders should avoid treating ethics and impact issues as public relations problems. The importance of understanding and focusing on your core values.

This episode features an occasional host of previous FM podcasts, Oliver Rowe, who is editor-in-chief of FM. Rowe explains how members can access the most recent edition of the online magazine. He also details some of the articles, including those by AICPA & CIMA leaders. Resources: n  The page for members to access FM editions. n  The public link for FM magazine, featuring news, podcasts, and more. n  A previous, ethics-focused FM podcast episode hosted by Xose Lumor. What you'll learn from this episode: ·         Details on the frequency of FM editions. ·         Two paths for members to access the content in the editions. ·         An explanation of the fraud triangle and highlights of Xose Lumor's article on the topic. ·         More on Rhymer Rigby's career-focused article about dealing with the departure of the boss who hired you. ·         One article's practical advice on leading digital strategy.

Andrew Harding, FCMA, CGMA, chief executive—Management Accounting at AICPA & CIMA, made the trip to Orlando, Florida, last week to continue in the knowledge sharing that occurs at the Future of Finance Summit, a US event in its third year and one with companion events in other parts of the world. In this FM episode recorded at the summit, Harding shared key takeaways, insights into the optimism from businesses in China, and why one session topic took him back to his days as a coach on the football pitch. He also offered a succinct, three-pronged message for the profession in 2024. What you'll learn from this episode: ·         The importance of “learn, unlearn and relearn” for finance professionals. ·         An explanation of the T-shaped model for skill and knowledge development. ·         Why a session on how women can gain appointments to corporate boards resonated with Harding. ·         His observation about China's use of digital payments being different than in other parts of the world. ·         An explanation of the T-shaped model for skill and knowledge development. ·         The key trends affecting the profession in the new year.

A single cybersecurity breach can cost millions of dollars, so it's critical that companies take a proactive approach and commit to shoring up their defences by making informed decisions and investments. An updated CGMA cybersecurity tool provides a place to start. Ken Witt, CPA, CGMA, AICPA & CIMA's associate director–Management Accounting Research and Development, joins the FM podcast to discuss the latest trends in cybersecurity and share details about what the recently released tool offers organisations of all sizes. What you'll learn from this episode: ·         How digitalisation sped up by the pandemic has accelerated cyber risk. ·         The stunning price tag of a security breach and the areas that are most vulnerable to breaches. ·         The unique challenges facing small entities, and a small step they can take to combat their concerns. ·         Top “amplifiers” and “mitigators” that finance decision-makers should keep in mind. ·         How the CGMA cybersecurity tool can help IT pros and non-IT stakeholders alike.

Productivity expert and author Hayley Watts discusses the reasons people struggle with productivity and why digital correspondence is, despite its advantages, creating a challenging environment for communication.  Watts spoke at the UK and Ireland ENGAGE several months ago, and she offers tips to help leaders and employees to channel productivity into their working lives.  Watts, a co-author of How to Fix Meetings: Meet Less, Focus on Outcomes and Get Stuff Done, explains why technology can sometimes be more of a hindrance than an aid, why less is more when it comes to setting priorities, and shares strategies we can use to “get in the zone” in an era of urgency and distraction. What you'll learn from this episode: §  Three common reasons why people struggle to stay productive. §  Why our reliance on digital tools to improve communication can be antithetical. §  How leaders and managers can respond to cultures that are enabling burnout. §  Why flexible working is a challenging balancing act. §  How to get a better understanding of daily goals and priorities.

New research from AICPA & CIMA, together as the Association of International Certified Professional Accountants, and the World Business Council for Sustainable Development (WBCSD) found a disconnect between the way leaders operate in day-to-day business and the long-term strategic initatives that keep businesses relevant and competitive amid constant change and transformation.  Peter Spence, associate technical director of management accounting at AICPA & CIMA, and Andy Beanland, a former consultant with the WBCSD, provide further insight into why business strategies are becoming increasingly complex, and why a holistic, adaptive approach to performance is necessary to set businesses up for long-term success in an era of disruption. Resource page AICPA & CIMA   What you'll learn from this episode: §  How integrated performance management can help drive better business decision-making. §  Some of the reasons businesses today may fail to fully execute their strategies. §  Why silo mindsets make for weak management systems. §   Analysis of the differences between weak-matrix and strong-matrix management systems. §  The importance of adaptability and innovation in an era of change. §  How to create a performance culture that engages workforces.

This episode of the FM podcast is the start of an occasional series on the show. That series is called Beyond the Code. In this case, that means taking a close look at the CIMA Code of Ethics. Xose Lumor, manager, Advocacy and Professional Ethics – Management Accounting at AICPA & CIMA, together as the Association of International Certified Professional Accountants, talks with disputes attorney Alastair Campbell, of the firm Level, about some of the ethical issues that accountants should be prepared to face.  The vast majority of CIMA members comply with regulations, and misconduct is not the norm. But there are instances where ethical violations are reported or alleged. Campbell takes listeners through some of those examples and reminds accountants that being “unimpeachable in terms of your integrity” is one key way to make sure no ethics missteps occur. Resources: Campbell's contact information: alastair.campbell@level.law and LinkedIn Lumor's contact information: Xose.Lumor@aicpa-cima.com and LinkedIn More about Regulation 19 and the duty to notify

It makes sense that the themes emerging from the words of Phillipa Spicer, FCMA, CGMA, and Bruce Martin, ACMA, CGMA, are similar — they are sister and brother, both having ascended to CEO roles in the UK. Spicer set forward on a path to becoming a management accountant, and her younger brother followed. In this conversation, hear about their early trips to the office while growing up in South Africa, the questions they got from students, and the advice they give about being your own self as a CEO. What you'll learn from this episode: ·       Martin and Spicer's youth in South Africa (2:24). ·       The early exposure they had to office “work” (5:50). ·       Spicer's reflection on “being really fortunate” to land a temporary role with Unilever (7:01). ·       How Spicer has applied her work in other sectors to the role as CEO of a charity (9:03). ·       Martin's path to a role at Vodafone in the UK and then other businesses (12:26). ·       The top challenges that Spicer (17:42) and Martin (20:03) have overcome to make the move from finance leader to chief executive. ·       The siblings' recall of speaking about career journeys with university students (Spicer at 22:25 and Martin at 24:57). ·       Advice from Martin (28:15) and Spicer (29:39) for aspiring CEOs. ·       Why Spicer advises budding leaders to “make your own kind of music” (30:54).

AICPA & CIMA research on the future state of the finance profession found emerging themes from global discussions with leaders around the world. Some of these themes include automation, hybrid working, sustainability, and moving beyond traditional finance roles. Rebecca McCaffry, FCMA, CGMA, associate technical director at AICPA & CIMA, together as the Association of International Certified Professional Accountants, discusses the shift from traditional finance in a digital world, to a new era of soft skills as the value of people and connection takes focus. What you'll learn from this episode:  §  How finance roles are becoming less fixed and more adaptable. §  An overview of focus areas for management accountants and finance leaders across the globe. §  The shift of focus from digital to soft skills, and why those skills are becoming more ingrained into the culture and priorities of accountants now. §  How the younger generation is influencing change in the profession.

Christina Thomas-Lewin, FCMA, CGMA, is now assistant financial controller for a US company, but she got her start in finance in the UK. In this podcast episode, Thomas-Lewin discusses her career moves, the value of lifelong learning, and the meaning behind the phrase “block it out to knock it out.” She also talks about the importance of delivering potentially negative feedback and how that skill can help both employees and managers. What you'll learn from this episode: ·         An overview of Thomas-Lewin's career path. ·         The overseas destinations that she had in mind before moving to the US. ·         Why lifelong learning is one of Thomas-Lewin's passions. ·         More about her advice phrase “block it out to knock it out.” ·         What she learned from being a trampolining coach.

This episode of the FM podcast focuses on the newly updated Global Management Accounting Principles (GMAPs). The principles, first released nearly 10 years ago, provide a framework for management accountants. The most recent version updates that framework to reflect new business realities. David Hackett, an AICPA & CIMA technical manager, looks back at the previous version of the GMAPs and explains some of the key updates. The GMAPs, scheduled to be featured in detail at a session Wednesday at AICPA & CIMA ENGAGE 2023, are designed to lead management accountants and their organisations to better decision-making. What you'll learn from this episode: ·         An explanation of the GMAPs. ·         A timeline of the most recent update to the GMAPs and some of the changes that spurred the update. ·         Some of the external factors leading to a need for more agility, according to Hackett. ·         How a management accountant can use the GMAPs to solve problems. ·         The GMAPs' application to wider business and not just finance.

Grace Baxter, ACMA, CGMA, initially thought she would pursue a career in physics. But she's happy with the switch she made to accounting, where she became CIMA qualified and later landed a role at the UK Department of Environment, Food and Rural Affairs (DEFRA). Baxter is now head of management reporting for DEFRA, and she also serves on a CIMA regional advisory group, service that helps her gain perspective from other finance professionals. Baxter shared advice to aspiring accountants about perseverance and trying different roles in this episode of the FM podcast. What you'll learn from this episode: ·       An overview of Baxter's path from a physics degree to her role at the Department of Environment, Food and Rural Affairs. ·      Baxter's thought on the influence of finance on day-to-day business decisions. ·      The value Baxter has found in both CIMA qualification and the CGMA designation. ·      The part of Baxter's early training about which she said, “I wanted to cry.” ·      Baxter's advice to aspiring finance professionals about perseverance.

Genevieve Hawkins, a business leader based in Melbourne, Australia, had a previous career in occupational therapy. That's one part of her background that contributed to the decision to write a book about workplace mental health. Hawkins said that, in the past, most organisations left mental health to the employee. That's changing, but it can change more. In this podcast episode, to recognise mental health awareness in the month of May, Hawkins explains simple ways that leaders and companies can create a sense of belonging for staff. She also addresses how managers can “understand their shadow”. What you'll learn from this episode  The reasons Hawkins decided to write a book about mental health in the workplace.         Her explanation of the multiple layers of connection.         One aspect of working from home that is good for Hawkins' mental health.    Why Hawkins said that the move to remote and hybrid work has been both a benefit and an obstacle to employee mental health.   What Hawkins means by understanding “our shadow”.     A Stephen Covey quote that stands out to Hawkins.

Jeremy Osborn, FCMA, CGMA, wants to make sure finance professionals are prepared for all that's coming their way. Osborn, AICPA & CIMA's global head of ESG, joined the FM podcast for a two-part discussion on the rising importance of ESG initiatives.  In part one of the interview, Osborn explained why ESG, along with related auditing and assurance opportunities, is becoming mainstream. In this part, he discusses his early interest in ESG topics, describes the current landscape of ESG reporting, and shares three reasons people take ESG seriously.  Osborn also explains how ESG has had a role in the shift that has happened related to understanding a company's value.  What you'll learn from this episode:   ·       An overview of the reporting requirements of the UK's Task Force for Climate-related Financial Disclosures (TCFD). ·       How activities such as skiing in Switzerland have been affected by climate change. ·       Why sustainability-related concerns are no longer simply “a risk to be managed”, according to Osborn. ·       How an understanding of ESG information can shed light on the value of an organisation. ·       Why the growing importance of ESG is, according to Osborn, one of the most significant changes the accounting profession has faced.

It's a big year for ESG initiatives, and Jeremy Osborn, FCMA, CGMA, wants to make sure finance professionals are prepared for all that's coming their way. Osborn, AICPA & CIMA's global head of ESG, joined the FM podcast for a discussion on the business reasons to pay attention to ESG, how he became interested in the topic about 15 years ago, and why he was excited to be part of a niche practice area that is today becoming mainstream. This is part one of a two-part interview with Osborn. The second part will publish on 19 April.

This episode of the FM podcast features two leaders in the accounting profession globally. Alicja Dworowska, ACMA, CGMA, is finance director at Thermo Fisher Scientific and also a coach and mentor. Lindsay Stevenson, CPA, CGMA, is chief transformation officer at the firm BPM LLP and chair of the AICPA Women's Initiatives Executive Committee (WIEC). Role models for all, Dworowska and Stevenson are passionate about advancing women in the profession. That passion came through in this conversation, recorded in February and published to celebrate International Women's Day. They spoke about mentorship.

The themes of sessions at the Future of Finance Summit, which concluded earlier this month in Austin, Texas, were global in nature: talent development, transformation of the finance function, and managing amidst uncertainty. There was, however, one comment from a speaker that stood out to Andrew Harding, FCMA, CGMA, chief executive–Management Accounting at AICPA & CIMA, together as the Association of International Certified Professional Accountants. The comment was about numbers, yet as Harding pointed out, the Future of Finance Summit had no sessions about numbers.

David Tiplady, ACMA, CGMA, head of commercial, Vodafone Automotive, is in training for an intriguing and difficult competition. He's part of a four-man team rowing without support across the Atlantic Ocean, from the Canary Islands to the Caribbean, in 2023. He joins host Kyle Hannan to discuss the planning and training that's underway, along with contingencies already being considered, well before the team hits the open water. He shares advice for reaching a stretch goal, concern about marlin strikes, and risk management lessons.

Harvard Business School professor and author Ranjay Gulati says that sentiment is growing among business leaders that companies have a larger role to play than simply providing shareholder value. He joined the FM podcast to discuss that topic and others highlighted in his recent book, Deep Purpose: The Heart and Soul of High-Performance Companies. Gulati explains about when he realised the expectation “that businesses have to do more” is growing dramatically and what a leader at Lego said about finding purpose.

Well before the COVID-19 pandemic led to a remote work revolution, Lynda Gratton was thinking about how work should be redesigned. Gratton, an author, consultant, and professor, is a world-renowned expert on organisational behaviour. She joined the FM podcast to discuss some of the thoughts in her new book, Redesigning Work: How to Transform Your Organisation and Make Hybrid Work for Everyone. Gratton also spoke about what organisations around the world are saying about the future of hybrid work and what she's learned from keeping a journal for more than two years.

Risk management is no longer an annual, tick-the-box exercise. It's a regular, vital part of an organisation's business plan. To provide a framework and questions that risk leaders should consider, a new tool has been developed and published. Jeff Parkison, CPA, CGMA, a US finance leader, is a co-author of the updated document, which is called “ERM Insights for the Financial Risk Leader”. He explains why enhanced risk management is needed and how the tool and its checklists can help organisations.

In this second part of this series on Excel, Liam Bastick, FCMA, CGMA, an Excel MVP, shares what he thinks are the top functions for accountants and finance professionals, Excel's limitations, and what he thinks is the future direction of this most popular spreadsheet software in the world.