Resources & Publications

Strategic Finance April 2004

April 2004
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Features

Return of the Socially Conscious Corporation
By Paul M. Clikeman, CPA
Companies like Ford and Johnson & Johnson now report more than just financial results. They also report environmental, social, and economic performance to enhance their brand and attract investors. This triple bottom line signals that the company is a sound corporation that's aware of its community responsibilities, and investors respond positively.


Making the Supply Chain Management Business Case
By Scott Hadley
In an increasingly competitive environment, supply chain costs often can make a big difference on the bottom line. In fact, companies that employ sound SCM practices are approximately 40% more profitable. By developing data to support advanced SCM methods, management accountants can uncover hidden value in their companies.


What's the State of International Standards?
By Lawrence Richter Quinn
International accounting standards are a good idea, everyone agrees, but an enforcement mechanism still has to be installed. The Securities & Exchange Commission supports the effort but probably won't decide to accept IAS from companies that want to raise money in the U.S. before 2005 or later. Moreover, even some of the biggest institutional investors aren't comfortable analyzing the international standards.


How Unilever HPC-NA Sold Its Employees on the Balanced Scorecard 
By Bridget Lyons and Andra Gumbus
The maker of Q-Tips, Dove, and Pond's introduced its balanced scorecard to employees through print, verbal, and electronic means. Answering the inevitable question, "What does it mean to me?", the company linked employees' personal objectives to the BSC and to Unilever's overall objectives.


A Roundtrip Ticket to Trouble
By Sid R. Ewer, CMA
When a company sells or exchanges goods or services with another company and, in return, buys similar goods, services, or monetary assets from the other company of equal - or almost equal - value, it's a roundtrip. Such transactions are legal but must be reported correctly without distorting the company's financial reporting-or the SEC will come calling.

Columns

PERSPECTIVES
The $175 question.


STRATEGIC MANAGEMENT
Strategy and execution: a continual process.


BEST PRACTICES 
The incredible shrinking employee.


CAREERS 
Retaining your top performers.


TAXES
Treat as a theft loss or a capital loss?


ETHICS
Unethical workplace is still with us.

Departments

STREETWISE
Where are we headed?
FASB reappoints Ed Trott
SEC proposal on lawyer reporting criticized
Books: A look at corporate governance worldwide.


TOOLS OF THE TRADE
All USB.


TECH FORUM
Big deal?


TRENDS IN FINANCIAL MANAGEMENT
How to comply with Section 404? The PCAOB offers guidance.


STRATEGIC FINANCE QUIZ
Successfully answer 70% or more of the questions based on selected articles from this month's issue, and you will earn three CPE credits.


END NOTE
Life skills 101.


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