Resources & Publications

Strategic Finance October 2005

October 2005
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Features

Best Practices in Finance: How Intel Finance Uses Business Partnerships to Supercharge Results
By Russell R. Boedeker, CMA, CFM, and Susan B. Hughes, CPA
For many companies, it's an ideal rarely achieved, but Intel Corporation has created a working, successful business partnership between finance professionals and operations. Whether finance professionals support a single department or an entire factory, Intel finance's goal is to maximize profits by providing effective analysis, influence, leadership, and control as business partners.


How to Measure and Improve the Value of IT
By Marc J. Epstein and Adriana Rejc
Information Technology departments are a necessity for every modern company, but how do you measure the value of IT? Using the balanced scorecard approach described here, financial managers can analyze the value of IT investments and highlight the costs and benefits to the corporate bottom line and help CIOs and CFOs justify IT expenditures.


Top 5 SOX Best Practices for Small Companies
By Matthew A. Cozad, CMA, CFM, CIA
A survey on SOX compliance indicated that the three most common control issues were a lack of process control-related documentation, formal review and approval gaps, and not enough or proper segregation of duties. In 2006, small companies will be required to comply with SOX rules for the first time; accordingly, this consultant on SOX compliance recommends five key areas on which they should focus in order to meet the standards.


New Tires for My Old Jeep: Why I Finally Decided to Get My CMA and CFM 
By Ken M. Boze, CMA, CFM, CPA
Like his decision to get new tires for his Jeep, this IMA member decided that passing the CMA and CFM exams would provide a chance to gain better control of his career and increase his abilities to handle rough and challenging conditions.

Columns

PERSPECTIVES
IMA moves to become more international.


STRATEGIC MANAGEMENT
The office of strategy management.


BEST PRACTICES 
Why ships are built.


CAREERS 
Training programs that get results.


TAXES
Lottery proceeds: ordinary or capital gains?


ETHICS
To blow the whistle or not is a tough decision!


XBRL
Making data the center of your information system.


FINANCIAL TRENDS
Shuttering tax shelters.

Departments

STREETWISE
Are your business travel expenses under control?
Recognize employee efforts
Clarification
PCAOB's new standard on material weaknesses
Books: Marketing to your employees


TOOLS OF THE TRADE
Small and powerful.


TECH FORUM
Just what you need, and nothing you don't.


END NOTE
Sudoku.


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