Afleveringen
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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 âthe daily din of distraction and disinformationâ â and why decision friction is a necessary skill.
Walshâs 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 youâll 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.
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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 youâll 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.
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Zijn er afleveringen die ontbreken?
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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 editionâs 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 Womenâs Day.
Also, this link features Rowe speaking about the February edition.
What youâll 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 Bastickâs column on using Microsoft Excel.
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Avani Desai, CPA, attended the World Economic Forumâs annual meeting in Davos, Switzerland, in January. It was her first visit to the mountain townâs 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 â 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 youâll learn from this episode:
· Desaiâs description of the World Economic Forum meeting in Davos, Switzerland.
· Details of the panel discussion that Desai led.
· The session that was âdefinitely a highlightâ for Desai.
· The tie-in between AI and cybersecurity.
· Why the International Womenâs Day theme resonates with her.
· How one mentoring experience changed Desaiâs view of Schellmanâs messaging about the profession.
· The lessons from Davos she has taken back to her firm.
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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 Womenâs Day, she reflects on people sheâs met, questions sheâs 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 youâll 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 âare really powerfulâ.
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Author Alison Taylor, a clinical associate professor at New York Universityâs Stern School of Business, explains the reasons business ethics has become a âconfused topicâ and why treating ethical problems as âtick-the-box PRâ can make leaders look directionless.
Taylorâs 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 youâll learn from this episode:
Why business ethics is a complex issue. The problems arising from conflating ethics and ideology and treating âCEOs as politiciansâ. 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 youâll 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 Lumorâs article on the topic.
· More on Rhymer Rigbyâs career-focused article about dealing with the departure of the boss who hired you.
· One articleâs practical advice on leading digital strategy.
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Andrew Harding, FCMA, CGMA, chief executiveâManagement 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 youâll learn from this episode:
· The importance of âlearn, unlearn and relearnâ 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 Chinaâs 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.
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A single cybersecurity breach can cost millions of dollars, so itâs 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 directorâManagement 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 youâll 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 âamplifiersâ and âmitigatorsâ that finance decision-makers should keep in mind.
· How the CGMA cybersecurity tool can help IT pros and non-IT stakeholders alike.
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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 âget in the zoneâ in an era of urgency and distraction.
What youâll 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.
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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 youâll 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.
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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 â 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 âunimpeachable in terms of your integrityâ is one key way to make sure no ethics missteps occur.
Resources:
Campbellâs contact information: [email protected] and LinkedIn
Lumorâs contact information: [email protected] and LinkedIn
More about Regulation 19 and the duty to notify
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It makes sense that the themes emerging from the words of Phillipa Spicer, FCMA, CGMA, and Bruce Martin, ACMA, CGMA, are similar â 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 youâll learn from this episode:
· Martin and Spicerâs youth in South Africa (2:24).
· The early exposure they had to office âworkâ (5:50).
· Spicerâs reflection on âbeing really fortunateâ 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).
· Martinâs 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 siblingsâ 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 âmake your own kind of musicâ (30:54).
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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 youâll 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.
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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 âblock it out to knock it out.â
She also talks about the importance of delivering potentially negative feedback and how that skill can help both employees and managers.
What youâll learn from this episode:
· An overview of Thomas-Lewinâs career path.
· The overseas destinations that she had in mind before moving to the US.
· Why lifelong learning is one of Thomas-Lewinâs passions.
· More about her advice phrase âblock it out to knock it out.â
· What she learned from being a trampolining coach.
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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 youâll 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 GMAPsâ application to wider business and not just finance.
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Grace Baxter, ACMA, CGMA, initially thought she would pursue a career in physics. But sheâs 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 youâll learn from this episode:
· An overview of Baxterâs path from a physics degree to her role at the Department of Environment, Food and Rural Affairs.
· Baxterâs 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 Baxterâs early training about which she said, âI wanted to cry.â
· Baxterâs advice to aspiring finance professionals about perseverance.
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Genevieve Hawkins, a business leader based in Melbourne, Australia, had a previous career in occupational therapy. Thatâs 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. Thatâs 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 âunderstand their shadowâ.
What youâll 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 Hawkinsâ 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 âour shadowâ. 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 companyâs value.
What youâll learn from this episode:
· An overview of the reporting requirements of the UKâs 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 âa risk to be managedâ, 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.
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Itâs a big year for ESG initiatives, and Jeremy Osborn, FCMA, CGMA, wants to make sure finance professionals are prepared for all thatâs coming their way. Osborn, AICPA & CIMAâs 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.
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