July 2020 - Strategic Finance

Transitioning from LIBOR

Finance professionals need to gauge the impact on their company of SOFR replacing LIBOR at the end of 2021.

Paul Juras: Dedicated to Learning

As a distinguished academic and CMA, Paul Juras brings a unique set of experiences and priorities to his role as IMA Chair.

The Modern CFO: Adapting to a Time of Crisis

The challenges that companies are facing during the COVID-19 pandemic have forced CFOs to evolve faster than ever before.

A Painful Dilemma at Southwest Hospice

After the CEO takes a controversial approach to cash-flow projections, the CFO must decide what to tell the board of directors.

Evaluating Success

We must help students be relevant by focusing on digital transformation, data analytics, and strategic decision making.

IMA Volunteerism: Big Effort, Bigger Impact

A CMA in the Amsterdam Chapter finds that volunteering with IMA effortlessly merges professional development with fun.

Measuring Marketing Return on Investment

It’s challenging for CFOs to manage financial reporting of expenditures related to intangible assets, but new metrics can help.

The Value of Openness

Become a more effective leader by going beyond an open-door policy to truly encourage open communication among team members.

Taxes: CARES Act and Coronavirus-Related Distributions

Those taking coronavirus-related distributions from eligible retirement plans get tax-favored treatment thanks to the CARES Act.

Tools of the Trade: July 2020

The tech editor reviews Microsoft’s Surface Book 3, Amazon’s Echo Show 8, Fiora Wireless Desk Charger, and Fitbit Charge 4.

Excel: Office 365 Adds Cutout People and More

Office 365 subscribers now have access to new icons, stickers, and poses of cutout people available under the Icons feature.

Fighting Fraud in the Workplace

With occupational fraud rising, companies need ethical management accountants to help win their battle against it.

A Phone with a Mind of Its Own

MIT has announced a new AI chip for mobile devices that has thousands of memristors and is the size of a piece of confetti.

Upskilling with RPA

To stay relevant, accountants must upskill to adapt to a finance function being transformed by robotic process automation.

Stronger Together

We must eliminate all forms of systemic bias and social injustice, and IMA is redoubling its focus on diversity and inclusion.

Remote Recruitment

During the COVID-19 pandemic, companies have to interview and onboard new employees from afar, presenting unique challenges.

IMA LIfe: Going for Gold

In Singapore, an FP&A team member finds that studying for the CMA enhances her budgeting, forecasting, and data analysis skills.

We Want to Hear YOUR IMA Story

Do you have a story you’d like to share? Consider writing an IMA Life column that will be published in Strategic Finance.

Books: Grow As a Leader

To develop leadership skills, set a good example, wield influence and manage priorities wisely, and commit to personal growth.

COSO Issues New Risk Appetite Guidance

COSO is releasing new guidance for organizations to factor risk appetite into their decision-making process.

SEC Proposes Changes to Auditor Independence Rules

There’s controversy over the SEC’s proposed changes to the rule requiring auditors to be independent from their clients.

New IFAC Report for Accountants in Business

IFAC’s PAIB Committee released a report on how professional accountants can lead their organizations through difficult times.

New Financial Reporting Rules for Acquisitions and Dispositions

The SEC’s new disclosure rules for financial statements of business acquisitions and dispositions go into effect in January.

Survey: Delayed Transformations

Digital transformation at big financial companies is slowed due to issues with data volume, management, variety, and velocity.

Welcome, New CMAs: May 2020

The ICMA is proud to announce the list of IMA members who earned their CMA certification in May 2020.