Resources & Publications

Strategic Finance November 2004

November 2004
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Pay for Performance: the CFO's Stake
By Mark Rishell and Walt Becker
This Blue Cross Blue Shield company recognized the importance of its employees to its continued success and profitability, so it established a Performance Accountability System. Based on a close partnership between the HR director and CFO, this system transformed the company by aligning operational goals and individual performance expectations with strategic and financial objectives, motivating employees with performance-based rewards and consequences, and managing and developing talent.

The Management Accountant's Role in Six Sigma
By Frank Rudisill, CPIM, and Diana Clary, CMA
A powerful and effective methodology, Six Sigma has helped many companies improve their processes, save money, and delight customers. Management accountants and financial analysts should be involved not only in overseeing the integrity of the financial and cost data but also in identifying potential projects that could benefit from the Six Sigma investment and result in substantial payback.

Adding Value with Analytics
By Kelvin Holbrook
With today's analytic tools, CFOs can become, in effect, proactive strategic partners. Sophisticated analytics software permits financial managers to gather data from multiple entities across different platforms and to integrate this information into the big picture, thus providing corporate executives with a comprehensive view of the global operation in real time. So, like airplane pilots, they not only can see how fast they're going but in what direction as well.

Corporate Greed vs. IMA's Ethics Code 
By M. Elizabeth Haywood, CMA, CPA, and Donald E. Wygal
Enron, WorldCom, and other recent business scandals gave accounting and accountants a black eye - and challenged the accounting profession to restore its integrity. The ethical failures by corporate executives are seen in perspective when measured against the IMA Standards of Ethical Conduct, which can serve as a guide for executives faced with ethical dilemmas.

Stock Options: This Time It's Going to Be Different 
By Joseph D. Beams, CPA
Congress prevented the Financial Accounting Standards Board from requiring the expensing of stock options back in the 1980s and 1990s, but the recent collapse of Enron and scandals at a number of companies have led to a renewed FASB effort to achieve this goal. The fact that major companies like Coca-Cola and Microsoft voluntarily have shifted to expensing of stock options also has added pressure to this drive.


Management accountants and enterprise risk management.

One good insight deserves another. . .

Increasing your visibility at work.

Qualified electric car credit.

CEOs set ethics priorities; ordinary citizens define ethics broadly.

SEC wants XBRL Filers.


What constitutes a successful balanced scorecard?
Julie Erhardt named at SEC
Corporate accounting problems turn up in PCAOB review
Books: Creating a strong control environment for SOX

Photos from camera to album to disc.

How we read web pages.

How to manage risk - enterprise-wide.

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

The big picture.


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