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Management Is A People Business (Just Like Baseball)

One reason I follow baseball — aside from the enjoyment of following my favorite team — is because at least a couple times a year I find a nugget of management advice that resonates. Read More »

5 Things The Best Managers Do And Don’t Do

Excellent managers come in all shapes and sizes.  They can be loud or quiet, extroverted or introverted, Type A or calm.  Their management style can be as unique as personalities.  But while elements of personal style may vary, there are absolutes one can point to about management substance.  Accordingly, here are five things the best managers do – and don’t ... Read More »

Calculating the true costs of commercial property

Before making a final decision on property, FDs should take into account hidden costs that could create a ‘black-hole’ in their balance sheet Second to people, expenditure on offices or any other form of commercial property represents the next biggest slice of an organisation’s budget, yet there is still a lack of understanding around what different property models entail and ... Read More »

Wheel of Fortune: The Audit Fees Survey 2014

It has been a signal year for auditors and the finance directors and audit committees of the FTSE 350 companies they audit. Landmark rulings by the UK Competition Commission and an influential group of European politicians have forever changed the relationship between Britain’s largest companies and the firms that vet their accounts. Read More »

Supply and Demand Curves – Understanding Price and Quantity in the Marketplace

Almost every holiday season, the most popular “must have” toy is in short supply. And there’s usually a strong secondary market for the item – with parents paying well over the retail price just to make their children happy. Then, in January, stores reduce the prices of their remaining holiday items – cards, decorations, and so on. Why do parents ... Read More »

Understanding Accounts – Basic Finance for Non-Financial Managers

It’s not just accountancy specialists who deal with spreadsheets, and figures, and the financial side of business. It’s highly likely that, as a line manager or department head, you’re going to have to analyze a spreadsheet at some point, or have some form of financial recording to do as part of your job description. Read More »

Accounting by design: Building cloud-based accounting architecture

The transition to the Cloud has been a catalyst for significant operational gains here at Broadway Malyan, a practice of architects. Our organisation is headquartered in the UK, but with 16 offices worldwide producing accounts from such a broad international company network has historically encountered all the common challenges associated with multinational operations – local accounting regulations, multi currencies etc. ... Read More »

Pricking The ‘Bubble’ Of Banking By Calling The Sector To Account

It is a quiet revolution which may even have an impact on the ‘bubble’ that is the banking sector. Last month the Sustainability Accounting Standards Board (SASB) and the International Integrated Reporting Council (IIRC) signed a memorandum of understanding to more closely collaborate to “advance the evolution of corporate disclosure and communicate value to investors.” It was a very important ... Read More »

Accounting Firm Family Office Practices Are Multiplying

Like most businesses, accounting firms are under considerable financial pressures. Generally speaking, accounting firms face a hypercompetitive environment coupled with increasing client demands. And technology is cutting both ways, making accountants more effective and efficient and, in some situations, displacing them. Read More »

Lifecycle Finance: An Alternative For A Lifetime Financial Plan

Some of the most common rules of thumb used to guide retirement planning include the following: Retirees should be able to sustainably withdraw 4% of their retirement date assets over their retirement. Retirees should seek to replace 80% of their pre-retirement income after retiring. Households should save 10% of their salary for retirement. Read More »