Becoming a professional chameleon 4 tips for accountants working with SMEs

As an accounting professional working with small businesses, you have the opportunity to become a professional chameleon, offering counsel far beyond your traditional remit.Working with our partners – such as PKF, CIMA and the Association of UK Accountants – we hear this on an almost daily basis. Many, it seems, are already aware of the need to broaden their skill-set to serve particular clients.As the number of high-growth SMEs reaches its highest level since the dot-com bubble burst in the early 2000s, this market presents an incredibly lucrative opportunity.Becoming an…

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Management accountancy salaries growing at twice the national average

Salaries within the management accountancy sector are growing at twice the national average, according to the CIMA. CIMA’s latest annual salary survey has revealed that qualified members earn £62,791, a 1.6% growth on the 2014 figure. The current UK average salary is £27,200, increasing by 0.7% from the previous year, according to the Office for National Statistics. Even those still studying for their qualification reported a high salary growth rate (2.3%), earning an average annual base salary of £33,031 – 21% more than the national average. On top of base…

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CIMA celebrates 100,000th member milestone

CIMA has welcomed Samalka Athuraliya, Assistant Manager in equity research at Acuity Stockbrokers, Sri Lanka, as its 100,000th member. Reaching this milestone, CIMA confirms its position as the world’s leading and largest professional body of management accountants. Samalka began studying the CIMA Professional Qualification after completing her A-level examinations in 2009. She completed her studies in 2011 and with subsequent work experience, has now received the Associate Chartered Management Accountant (ACMA) and CGMA designations. She has worked for Acuity Stockbrokers since June 2015, performing sell-side equity research and analysis. Prior…

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Finance professionals reject ‘Brexit’ over fears that “it would be bad for business”

The most recent research carried out by CIMA, clearly reveals Britain’s leading finance managers fear an EU exit could have a hugely negative impact on British businesses, with only 7% believing it would have a positive effect. The poll, which covered 1,100 UK professionals and CIMA members working in finance across all industry sectors and sizes of organisation, found that over three-quarters (76%) want the UK to maintain EU membership and 80% stated they believe EU membership is good for British business. The majority of these (63%) said they want to…

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A third of finance professionals feel pressured to compromise ethical standards

Nearly a third of UK-based finance professionals feel under pressure to compromise their ethical standards, according to a report released today by CIMA. The third annual ‘Managing Responsible Business’ report, which polled 2,498[1] professionals across the world, found that the proportion of UK-based workers reporting such pressure jumped from 18% in 2012 to 30% in 2015. Worryingly, a fifth (21%) of respondents agreed those who report concerns about unethical behaviour are seen as troublemakers by management. The top causes of pressure to compromise standards of ethical business conduct for UK-based…

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What Should You Be Making? A Look at 2015 Salary Trends for Accountants

If you’re on the market for a new accountancy job or preparing to leverage your experience for a raise, your timing is spot on. Although Japan and much of Europe seem to be in danger of sinking back into a recession, the U.S. and UK are continuing their economic recovery, and employers are increasing their efforts to recruit and retain specialised finance talent to grow their enterprises and ease the heavy workloads of their present teams.   But with the positive economic forecast comes a related challenge: Demand for accountancy…

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CIMA appoints Executive Director of External Affairs

CIMA announced the appointment of Tony Manwaring as Executive Director, External Affairs. The newly created role forms part of CIMA’s Senior Management Team based at its Corporate Centre and will commence in January 2015. Tony, who has over 20 years’ experience in the field of external affairs, will be responsible for advancing CIMA’s position as the world’s leading and largest management accounting institute. Drawing on his extensive experience of advocacy he will direct a number of ambitious work streams focused on global influencers in government and business. Additionally, he will…

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CIMA Launches Global Certificate in Shared Services

In response to growing market demand, CIMA has launched a new qualification for shared services employers at The Hackett Group’s 2014 European Best Practices Conference, Berlin. The qualification develops the skills and broader knowledge of shared services centre professionals, to help employers attract, develop and retain talent. Candidates undertaking the training will gain knowledge of shared service best practices, including principles, tools and techniques, along with effective governance and controls. The certificate also provides grounding in the key shared services functions of finance, IT, HR and procurement. Speaking on the…

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CIMA ELECTS NEW PRESIDENT

Keith Luck FCMA, CGMA is the new President of the Chartered Institute of Management Accountants (CIMA), the world’s largest professional body of management accountants. He was elected at its annual general meeting on 7 June. Mr Luck brings over 30 years experience to the role having worked at organisations across the private and public sectors including Deloitte, HSBC, BT, the Metropolitan Police, the Foreign & Commonwealth Office and, currently, Serco Group. His presidency comes at a pivotal time as CIMA launches its updated 2015 syllabus, introduces pioneering Global Management Accounting Principles…

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Natural capital depletion will leave businesses dangerously exposed, warns new report

As we become increasingly aware of our reliance on natural resources, which are dangerously thin from the demands of a growing and more prosperous global population, businesses are facing a stark choice – adapt or fail. A new report launched today by the CIMA, in collaboration with EY, IFAC and the Natural Capital Coalition, calls for finance professionals to take action and lead the change to prevent their organisations failing in today’s ever changing environment. Accounting for Natural Capital: The Elephant in the Boardroom highlights how, despite its importance, natural capital…

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