The Financial Management (FM) magazine podcast series features conversations with executives and thought leaders in management accounting. We discuss topics including governance, risk management, performance management, technology, corporate strategy, and leadership. Interviews are conducted by FM editors and contributors.
A hunger for innovation: How one family-rooted company dreams big
Persistence has paid off for Ameena Ziauddin, FCMA, CGMA, president and managing director of Norfolk Foods in Sri Lanka, who sees value in the power of connection, whether on LinkedIn or over a cup of coffee. What you’ll learn from this episode: Why memories such as being “on the roof” stand out to Ziauddin. The ways that Norfolk Foods emphasises and values innovation. How Ziauddin’s exposure to several industries has helped improve efficiencies and implement cost-saving initiatives. The value of having “a simple chat over a cup of coffee”. Ziauddin’s advice for the next generation of finance professionals.
10/23/2024 • 17 minutes, 9 seconds
October FM: Recruitment fraud, ransomware response, the CFO remit
This episode features Oliver Rowe, the editor-in-chief of FM, detailing the contents of the October digital edition of the magazine. Rowe highlights several articles, including a focus on cybersecurity. Rowe explains how members can access the most recent edition of the online magazine as well as the issue library. Previous podcast episodes focusing on 2024 digital editions: February April June August What you’ll learn from this episode: · The theme of the October digital edition. · Finance’s role in mitigating ransomware threats and response to such incidents. · The growing problem of recruitment fraud and how finance professionals can guard against it. · Details of an article about how CFOs can strengthen their contribution to the business.
10/2/2024 • 8 minutes, 46 seconds
AICPA & CIMA chair: ‘Every change comes with opportunity’
Simon Bittlestone, FCMA, CGMA, began his one-year term as CIMA president and AICPA & CIMA chair in June, and he joined the FM podcast for an interview in late July, discussing what he sees as three key opportunities for the accounting and finance profession. In the episode, Bittlestone reviews his focus areas, explains the value of a technology background when leading technology initiatives, and details how seizing opportunity as it relates to today’s workforce can help to future-proof the profession. What you’ll learn from this episode: · Why he agrees that the profession faces challenges, which he views as opportunities. · The area of accountants’ work that, according to Bittlestone, has understandable “pushback”. · Three takeaways from Bittlestone on the ESG course offered in partnership with Oxford University. · Why Bittlestone considers it important to focus on the profession’s future generations and accountants already in the profession. · His thoughts on the retirement of AICPA & CIMA CEO Barry Melancon, CPA, CGMA.
9/11/2024 • 19 minutes, 45 seconds
Blurred lines: Why some CFOs grapple with conflicting expectations
Paul Thambar, FCMA, CGMA, Ph.D., associate professor of accounting at Monash University in Australia, explains the obstacles CFOs face when transitioning to a business partner role and where organisations are setting ambiguous and conflicting expectations for finance leaders. A recent AICPA & CIMA report on the role of the CFO was informed by Thambar’s research. Thambar also discusses the challenges and opportunities for CFOs grappling with digitilisation and how aspiring CFOs can adopt a “progressive” approach to career development. Thambar also was a guest on a 2019 FM podcast episode. What you’ll learn from this episode: § Why CFOs sometimes struggle to transition into a business partner role. § Some ways organisations are setting ambiguous and conflicting expectations. § How relationship building can help CFOs grow in their roles. § The importance of understanding digitilisation at “two levels”. § What it means to be a “progressive” CFO.
8/21/2024 • 17 minutes, 35 seconds
August FM: Digital transformation steps, meeting anxiety, gen AI
This episode features Oliver Rowe, the editor-in-chief of FM, detailing the contents of the August digital edition of the magazine. Rowe highlights several articles, including the first column by CIMA President Simon Bittlestone, FCMA, CGMA. He also discusses articles on digital transformation, based on a previous FM podcast episode with author David Rogers; working with images in Excel; and dealing with meeting anxiety. Rowe explains how members can access the most recent edition of the online magazine as well as the issue library. Previous podcast episodes focusing on 2024 digital editions: n February n April n June What you’ll learn from this episode: · Details on an article about digital transformation — and why many of the steps in such a transformation don’t include technology. · Highlights of an Excel article by Liam Bastick, FCMA, CGMA. · Advice on preparing for and overcoming anxiety about meetings. · Options for accessing current and past digital editions.
7/31/2024 • 7 minutes, 53 seconds
Curbing burnout: Advice for making sure you switch off from work
Author Mike Drayton, a clinical psychologist and leadership coach at Saïd Business School, University of Oxford, explains why certain people are more susceptible to burnout than others, how people can recognise the early signs of burnout within themselves and in the people around them, and why it’s important to stay “rounded”. Drayton suggests tactics that leaders and professionals can adopt to establish firm boundaries, promote work/life balance within their teams, cultures, and themselves, and encourage professional and personal development. Drayton is scheduled to speak in October at UK and Ireland ENGAGE about the psychology of influence and persuasion. What you’ll learn from this episode: § Steps for managing burnout. § What behaviours can determine if leaders will be prone to burnout or not. § Two personality traits that make people more vulnerable to burnout. § Ways to set firm boundaries that prioritise work/life balance. § What it means to “strive for wholeness” and how to adopt that mindset.
7/24/2024 • 23 minutes, 55 seconds
Have an ethics question or concern? Where you can go for guidance
This episode of the FM podcast is the continuation of an occasional series on the show called Beyond the Code. That means taking a detailed look at the CIMA Code of Ethics. Xose Lumor, manager–Advocacy and Professional Ethics–Management Accounting at AICPA & CIMA, talks with Samantha McDonough, another AICPA & CIMA ethics manager, who oversees the CIMA ethics helpline and email inbox. In the episode, McDonough shares some of the questions received from CIMA members and registered students, general guidance for how some of those concerns can be addressed, and resources for members who might find themselves facing an ethics dilemma. Resources mentioned in this episode include: n The main CIMA ethics resources page. n The page where an ethics checklist can be downloaded. n The email address for members with ethics questions. What you’ll learn from this episode: · An introduction of the topic and the focus of the Beyond the Code series. · Why McDonough advises members and students to give business advice in writing. · A hypothetical example of a potential conflict of interest. · One scenario in which an accountant might be asked to create a misleading financial report. · Resources available on the CIMA ethics page, including the email inbox address and the number for the telephone helpline.
6/26/2024 • 19 minutes, 23 seconds
June FM: Gen AI risk, Excel forecasting, tips before a holiday
This episode features Oliver Rowe, the editor-in-chief of FM, detailing the contents of the June digital edition of the magazine. Rowe highlights several articles, including one on the risks associated with generative AI. One article explores common management reporting mistakes to avoid. Also in the issue are articles about successful enterprise resource planning implementations and on the shifts that are redefining how finance creates sustainable value. Rowe explains how members can access the most recent edition of the online magazine as well as the issue library. This link features Rowe speaking about the February edition, and this link has the conversation about the April edition. What you’ll learn from this episode: · Details of an article focused on the risks of generative AI. · Highlights of an Excel article by Liam Bastick, FCMA, CGMA. · Advice from author Rhymer Rigby on preparing to go on holiday. · Options for accessing current and past digital editions.
6/12/2024 • 6 minutes, 56 seconds
‘Decision friction’: How to cut through the noise
Author Nuala Walsh, CEO and founder of MindEquity, a business and behavioural science consultancy in the UK, discusses the challenges of being a thoughtful leader in “the daily din of distraction and disinformation” – and why decision friction is a necessary skill. Walsh’s book, Tune In: How to Make Smarter Decisions in a Noisy World, suggests numerous strategies that leaders can use to analyse information effectively and holistically, as well as methods to recognise biases and misjudgements that could hold them back. What you’ll learn from this episode: § What it means to tune in and tune out. § Some reasons we fall into misinformation traps. § Strategies we can use to recognise our biases. § How decision friction can help us more accurately decode the information we hear. § The benefits of using emotional intelligence to interpret clouded judgements.
5/15/2024 • 26 minutes, 5 seconds
A road map to avoid losing your way on digital transformation
The best time to start on digital transformation? Well, it was five years ago. But, says digital transformation expert David Rogers, starting now is the next best time. Rogers, an author, speaker, and corporate consultant, is also a professor at Columbia University. He explains some of the ways companies hurt themselves in transformation efforts, why people management is such a big part of those digital changes, and how some companies are making gains even without big budgets or fancy, new apps. What you’ll learn from this episode: · A discussion on why digital transformations are so difficult. · The importance of people alignment in a digital transformation effort. · Why budgeting is not a vital part of such transformations. · The advice about planting a tree that also applies to digital transformation urgency. · Why there is no single KPI for digital transformation.
5/1/2024 • 23 minutes, 45 seconds
April FM: Sustainability, credible leadership, delivering bad news
This episode features Oliver Rowe, the editor-in-chief of FM, detailing the contents of the April digital edition of the magazine. Rowe explains how members can access the most recent edition of the online magazine. He also highlights several articles, including this edition’s theme of sustainability. One noteworthy column, on businesses increasingly taking a multicapital approach to maximising value, was written by CIMA President Sarah Ghosh, FCMA, CGMA. Ghosh recently was a guest on the FM podcast, speaking about the importance of International Women’s Day. Also, this link features Rowe speaking about the February edition. What you’ll learn from this episode: · The paths for members to access content in the digital editions. · Highlights of the April edition, including focus areas of sustainability and leadership. · The advice regular contributor Rhymer Rigby gives for delivering bad news. · The focus of Liam Bastick’s column on using Microsoft Excel.
4/3/2024 • 7 minutes, 43 seconds
Davos debrief: A firm CEO shares her unforgettable experience
Avani Desai, CPA, attended the World Economic Forum’s annual meeting in Davos, Switzerland, in January. It was her first visit to the mountain town’s famed event that brings together world leaders and subject matter experts. In this episode of the FM podcast, Desai reflected on the lessons she learned and on the perspective she gained — as an attendee and a discussion moderator. Desai led a panel discussion on the intersection of artificial intelligence (AI), supply chains, and cybersecurity. She summarised some of the lessons she can apply to her role as CEO of a large US accounting firm. What you’ll learn from this episode: · Desai’s description of the World Economic Forum meeting in Davos, Switzerland. · Details of the panel discussion that Desai led. · The session that was “definitely a highlight” for Desai. · The tie-in between AI and cybersecurity. · Why the International Women’s Day theme resonates with her. · How one mentoring experience changed Desai’s view of Schellman’s messaging about the profession. · The lessons from Davos she has taken back to her firm.
3/20/2024 • 24 minutes, 29 seconds
Inspire inclusion: Amplifying women’s voices, seizing the future
Sarah Ghosh, FCMA, CGMA, is most of the way through her one-year term as CIMA president. In this episode of the FM podcast, intended to recognise International Women’s Day, she reflects on people she’s met, questions she’s asked, and progress made on numerous fronts. Ghosh discussed the launch of an AICPA & CIMA mentoring programme, reflected on her background in technology, and shared highlights of her global travels. FM resources: Article about a finance director on leading with integrity Article about a CFO in South Africa who champions collaboration Article about a Singapore CFO on leadership AICPA & CIMA resource: Main page on diversity, equity, and inclusion What you’ll learn from this episode: · Three themes of her term as CIMA president. · How the accounting profession can continue to be purpose-driven. · Ways in which the profession can take the lead on inspiring inclusion. · The stories of female leaders that “are really powerful”.
3/6/2024 • 13 minutes, 12 seconds
Condensing business ethics: ‘Focus on problems you can solve’
Author Alison Taylor, a clinical associate professor at New York University’s Stern School of Business, explains the reasons business ethics has become a “confused topic” and why treating ethical problems as “tick-the-box PR” can make leaders look directionless. Taylor’s book, Higher Ground: How Business Can Do the Right Thing in a Turbulent World, opens up a discourse on new ways to approach this complex landscape and highlights the importance of prioritising fundamental values, with the impact on human beings at the centre of decision-making. What you’ll learn from this episode: Why business ethics is a complex issue. The problems arising from conflating ethics and ideology and treating “CEOs as politicians”. How to cut through the noise by taking a people-centric approach. The reasons that leaders should avoid treating ethics and impact issues as public relations problems. The importance of understanding and focusing on your core values.
2/27/2024 • 14 minutes, 22 seconds
February FM: Fraud, working with a new boss, tech adoption
This episode features an occasional host of previous FM podcasts, Oliver Rowe, who is editor-in-chief of FM. Rowe explains how members can access the most recent edition of the online magazine. He also details some of the articles, including those by AICPA & CIMA leaders. Resources: n The page for members to access FM editions. n The public link for FM magazine, featuring news, podcasts, and more. n A previous, ethics-focused FM podcast episode hosted by Xose Lumor. What you’ll learn from this episode: · Details on the frequency of FM editions. · Two paths for members to access the content in the editions. · An explanation of the fraud triangle and highlights of Xose Lumor’s article on the topic. · More on Rhymer Rigby’s career-focused article about dealing with the departure of the boss who hired you. · One article’s practical advice on leading digital strategy.
1/31/2024 • 10 minutes, 3 seconds
‘Always keen to learn’: Advice on fuelling finance’s future
Andrew Harding, FCMA, CGMA, chief executive—Management Accounting at AICPA & CIMA, made the trip to Orlando, Florida, last week to continue in the knowledge sharing that occurs at the Future of Finance Summit, a US event in its third year and one with companion events in other parts of the world. In this FM episode recorded at the summit, Harding shared key takeaways, insights into the optimism from businesses in China, and why one session topic took him back to his days as a coach on the football pitch. He also offered a succinct, three-pronged message for the profession in 2024. What you’ll learn from this episode: · The importance of “learn, unlearn and relearn” for finance professionals. · An explanation of the T-shaped model for skill and knowledge development. · Why a session on how women can gain appointments to corporate boards resonated with Harding. · His observation about China’s use of digital payments being different than in other parts of the world. · An explanation of the T-shaped model for skill and knowledge development. · The key trends affecting the profession in the new year.
12/20/2023 • 10 minutes, 9 seconds
Staying one step ahead: A cybersecurity tool for all
A single cybersecurity breach can cost millions of dollars, so it’s critical that companies take a proactive approach and commit to shoring up their defences by making informed decisions and investments. An updated CGMA cybersecurity tool provides a place to start. Ken Witt, CPA, CGMA, AICPA & CIMA's associate director–Management Accounting Research and Development, joins the FM podcast to discuss the latest trends in cybersecurity and share details about what the recently released tool offers organisations of all sizes. What you’ll learn from this episode: · How digitalisation sped up by the pandemic has accelerated cyber risk. · The stunning price tag of a security breach and the areas that are most vulnerable to breaches. · The unique challenges facing small entities, and a small step they can take to combat their concerns. · Top “amplifiers” and “mitigators” that finance decision-makers should keep in mind. · How the CGMA cybersecurity tool can help IT pros and non-IT stakeholders alike.
11/29/2023 • 12 minutes, 34 seconds
Distracted by digital communication? How to regain control
Productivity expert and author Hayley Watts discusses the reasons people struggle with productivity and why digital correspondence is, despite its advantages, creating a challenging environment for communication. Watts spoke at the UK and Ireland ENGAGE several months ago, and she offers tips to help leaders and employees to channel productivity into their working lives. Watts, a co-author of How to Fix Meetings: Meet Less, Focus on Outcomes and Get Stuff Done, explains why technology can sometimes be more of a hindrance than an aid, why less is more when it comes to setting priorities, and shares strategies we can use to “get in the zone” in an era of urgency and distraction. What you’ll learn from this episode: § Three common reasons why people struggle to stay productive. § Why our reliance on digital tools to improve communication can be antithetical. § How leaders and managers can respond to cultures that are enabling burnout. § Why flexible working is a challenging balancing act. § How to get a better understanding of daily goals and priorities.
11/15/2023 • 17 minutes, 15 seconds
Integrated performance management: A framework to inspire success
New research from AICPA & CIMA, together as the Association of International Certified Professional Accountants, and the World Business Council for Sustainable Development (WBCSD) found a disconnect between the way leaders operate in day-to-day business and the long-term strategic initatives that keep businesses relevant and competitive amid constant change and transformation. Peter Spence, associate technical director of management accounting at AICPA & CIMA, and Andy Beanland, a former consultant with the WBCSD, provide further insight into why business strategies are becoming increasingly complex, and why a holistic, adaptive approach to performance is necessary to set businesses up for long-term success in an era of disruption. Resource page AICPA & CIMA What you’ll learn from this episode: § How integrated performance management can help drive better business decision-making. § Some of the reasons businesses today may fail to fully execute their strategies. § Why silo mindsets make for weak management systems. § Analysis of the differences between weak-matrix and strong-matrix management systems. § The importance of adaptability and innovation in an era of change. § How to create a performance culture that engages workforces.
10/25/2023 • 22 minutes, 25 seconds
Beyond the Code: Full disclosure is the right ethics move
This episode of the FM podcast is the start of an occasional series on the show. That series is called Beyond the Code. In this case, that means taking a close look at the CIMA Code of Ethics. Xose Lumor, manager, Advocacy and Professional Ethics – Management Accounting at AICPA & CIMA, together as the Association of International Certified Professional Accountants, talks with disputes attorney Alastair Campbell, of the firm Level, about some of the ethical issues that accountants should be prepared to face. The vast majority of CIMA members comply with regulations, and misconduct is not the norm. But there are instances where ethical violations are reported or alleged. Campbell takes listeners through some of those examples and reminds accountants that being “unimpeachable in terms of your integrity” is one key way to make sure no ethics missteps occur. Resources: Campbell’s contact information: [email protected] and LinkedIn Lumor’s contact information: [email protected] and LinkedIn More about Regulation 19 and the duty to notify
10/12/2023 • 24 minutes, 42 seconds
Advice from sibling CEOs: Be yourself, be curious, be accountable
It makes sense that the themes emerging from the words of Phillipa Spicer, FCMA, CGMA, and Bruce Martin, ACMA, CGMA, are similar — they are sister and brother, both having ascended to CEO roles in the UK. Spicer set forward on a path to becoming a management accountant, and her younger brother followed. In this conversation, hear about their early trips to the office while growing up in South Africa, the questions they got from students, and the advice they give about being your own self as a CEO. What you’ll learn from this episode: · Martin and Spicer’s youth in South Africa (2:24). · The early exposure they had to office “work” (5:50). · Spicer’s reflection on “being really fortunate” to land a temporary role with Unilever (7:01). · How Spicer has applied her work in other sectors to the role as CEO of a charity (9:03). · Martin’s path to a role at Vodafone in the UK and then other businesses (12:26). · The top challenges that Spicer (17:42) and Martin (20:03) have overcome to make the move from finance leader to chief executive. · The siblings’ recall of speaking about career journeys with university students (Spicer at 22:25 and Martin at 24:57). · Advice from Martin (28:15) and Spicer (29:39) for aspiring CEOs. · Why Spicer advises budding leaders to “make your own kind of music” (30:54).
8/23/2023 • 34 minutes, 38 seconds
Future of finance: The power of people and mindset
AICPA & CIMA research on the future state of the finance profession found emerging themes from global discussions with leaders around the world. Some of these themes include automation, hybrid working, sustainability, and moving beyond traditional finance roles. Rebecca McCaffry, FCMA, CGMA, associate technical director at AICPA & CIMA, together as the Association of International Certified Professional Accountants, discusses the shift from traditional finance in a digital world, to a new era of soft skills as the value of people and connection takes focus. What you’ll learn from this episode: § How finance roles are becoming less fixed and more adaptable. § An overview of focus areas for management accountants and finance leaders across the globe. § The shift of focus from digital to soft skills, and why those skills are becoming more ingrained into the culture and priorities of accountants now. § How the younger generation is influencing change in the profession.
7/19/2023 • 11 minutes, 56 seconds
Advice on lifelong learning, difficult conversations, time management
Christina Thomas-Lewin, FCMA, CGMA, is now assistant financial controller for a US company, but she got her start in finance in the UK. In this podcast episode, Thomas-Lewin discusses her career moves, the value of lifelong learning, and the meaning behind the phrase “block it out to knock it out.” She also talks about the importance of delivering potentially negative feedback and how that skill can help both employees and managers. What you’ll learn from this episode: · An overview of Thomas-Lewin’s career path. · The overseas destinations that she had in mind before moving to the US. · Why lifelong learning is one of Thomas-Lewin’s passions. · More about her advice phrase “block it out to knock it out.” · What she learned from being a trampolining coach.
6/21/2023 • 18 minutes, 30 seconds
Global Management Accounting Principles: The art of thinking and doing
This episode of the FM podcast focuses on the newly updated Global Management Accounting Principles (GMAPs). The principles, first released nearly 10 years ago, provide a framework for management accountants. The most recent version updates that framework to reflect new business realities. David Hackett, an AICPA & CIMA technical manager, looks back at the previous version of the GMAPs and explains some of the key updates. The GMAPs, scheduled to be featured in detail at a session Wednesday at AICPA & CIMA ENGAGE 2023, are designed to lead management accountants and their organisations to better decision-making. What you’ll learn from this episode: · An explanation of the GMAPs. · A timeline of the most recent update to the GMAPs and some of the changes that spurred the update. · Some of the external factors leading to a need for more agility, according to Hackett. · How a management accountant can use the GMAPs to solve problems. · The GMAPs’ application to wider business and not just finance.
6/6/2023 • 16 minutes, 19 seconds
Learning the power of finance — one management accountant’s path
Grace Baxter, ACMA, CGMA, initially thought she would pursue a career in physics. But she’s happy with the switch she made to accounting, where she became CIMA qualified and later landed a role at the UK Department of Environment, Food and Rural Affairs (DEFRA). Baxter is now head of management reporting for DEFRA, and she also serves on a CIMA regional advisory group, service that helps her gain perspective from other finance professionals. Baxter shared advice to aspiring accountants about perseverance and trying different roles in this episode of the FM podcast. What you’ll learn from this episode: · An overview of Baxter’s path from a physics degree to her role at the Department of Environment, Food and Rural Affairs. · Baxter’s thought on the influence of finance on day-to-day business decisions. · The value Baxter has found in both CIMA qualification and the CGMA designation. · The part of Baxter’s early training about which she said, “I wanted to cry.” · Baxter’s advice to aspiring finance professionals about perseverance.
5/17/2023 • 7 minutes, 8 seconds
A business imperative for promoting employees’ mental health
Genevieve Hawkins, a business leader based in Melbourne, Australia, had a previous career in occupational therapy. That’s one part of her background that contributed to the decision to write a book about workplace mental health. Hawkins said that, in the past, most organisations left mental health to the employee. That’s changing, but it can change more. In this podcast episode, to recognise mental health awareness in the month of May, Hawkins explains simple ways that leaders and companies can create a sense of belonging for staff. She also addresses how managers can “understand their shadow”. What you’ll learn from this episode The reasons Hawkins decided to write a book about mental health in the workplace. Her explanation of the multiple layers of connection. One aspect of working from home that is good for Hawkins’ mental health. Why Hawkins said that the move to remote and hybrid work has been both a benefit and an obstacle to employee mental health. What Hawkins means by understanding “our shadow”. A Stephen Covey quote that stands out to Hawkins.
5/10/2023 • 14 minutes, 41 seconds
Understanding the opportunities presented by ESG
Jeremy Osborn, FCMA, CGMA, wants to make sure finance professionals are prepared for all that's coming their way. Osborn, AICPA & CIMA's global head of ESG, joined the FM podcast for a two-part discussion on the rising importance of ESG initiatives. In part one of the interview, Osborn explained why ESG, along with related auditing and assurance opportunities, is becoming mainstream. In this part, he discusses his early interest in ESG topics, describes the current landscape of ESG reporting, and shares three reasons people take ESG seriously. Osborn also explains how ESG has had a role in the shift that has happened related to understanding a company’s value. What you’ll learn from this episode: · An overview of the reporting requirements of the UK’s Task Force for Climate-related Financial Disclosures (TCFD). · How activities such as skiing in Switzerland have been affected by climate change. · Why sustainability-related concerns are no longer simply “a risk to be managed”, according to Osborn. · How an understanding of ESG information can shed light on the value of an organisation. · Why the growing importance of ESG is, according to Osborn, one of the most significant changes the accounting profession has faced.
4/19/2023 • 18 minutes, 34 seconds
ESG reporting: Ready or not, here it comes
It’s a big year for ESG initiatives, and Jeremy Osborn, FCMA, CGMA, wants to make sure finance professionals are prepared for all that’s coming their way. Osborn, AICPA & CIMA’s global head of ESG, joined the FM podcast for a discussion on the business reasons to pay attention to ESG, how he became interested in the topic about 15 years ago, and why he was excited to be part of a niche practice area that is today becoming mainstream. This is part one of a two-part interview with Osborn. The second part will publish on 19 April.
4/12/2023 • 16 minutes, 15 seconds
International Women’s Day: Embracing equity, empowering others
This episode of the FM podcast features two leaders in the accounting profession globally. Alicja Dworowska, ACMA, CGMA, is finance director at Thermo Fisher Scientific and also a coach and mentor. Lindsay Stevenson, CPA, CGMA, is chief transformation officer at the firm BPM LLP and chair of the AICPA Women’s Initiatives Executive Committee (WIEC). Role models for all, Dworowska and Stevenson are passionate about advancing women in the profession. That passion came through in this conversation, recorded in February and published to celebrate International Women’s Day. They spoke about mentorship.
3/8/2023 • 17 minutes, 9 seconds
Future of finance: A beyond-the-numbers focus on people, process
The themes of sessions at the Future of Finance Summit, which concluded earlier this month in Austin, Texas, were global in nature: talent development, transformation of the finance function, and managing amidst uncertainty. There was, however, one comment from a speaker that stood out to Andrew Harding, FCMA, CGMA, chief executive–Management Accounting at AICPA & CIMA, together as the Association of International Certified Professional Accountants. The comment was about numbers, yet as Harding pointed out, the Future of Finance Summit had no sessions about numbers.
12/16/2022 • 12 minutes, 44 seconds
An intense rowing challenge and its management accounting lessons
David Tiplady, ACMA, CGMA, head of commercial, Vodafone Automotive, is in training for an intriguing and difficult competition. He’s part of a four-man team rowing without support across the Atlantic Ocean, from the Canary Islands to the Caribbean, in 2023. He joins host Kyle Hannan to discuss the planning and training that’s underway, along with contingencies already being considered, well before the team hits the open water. He shares advice for reaching a stretch goal, concern about marlin strikes, and risk management lessons.
8/3/2022 • 22 minutes, 52 seconds
‘Unlocking hidden value’: Why purpose should be more central to business
Harvard Business School professor and author Ranjay Gulati says that sentiment is growing among business leaders that companies have a larger role to play than simply providing shareholder value. He joined the FM podcast to discuss that topic and others highlighted in his recent book, Deep Purpose: The Heart and Soul of High-Performance Companies. Gulati explains about when he realised the expectation “that businesses have to do more” is growing dramatically and what a leader at Lego said about finding purpose.
5/6/2022 • 20 minutes, 51 seconds
Freezing and unfreezing: Thoughts on the redesign of work
Well before the COVID-19 pandemic led to a remote work revolution, Lynda Gratton was thinking about how work should be redesigned. Gratton, an author, consultant, and professor, is a world-renowned expert on organisational behaviour. She joined the FM podcast to discuss some of the thoughts in her new book, Redesigning Work: How to Transform Your Organisation and Make Hybrid Work for Everyone. Gratton also spoke about what organisations around the world are saying about the future of hybrid work and what she’s learned from keeping a journal for more than two years.
4/1/2022 • 19 minutes, 39 seconds
Better risk management: A worthy pursuit at a critical time
Risk management is no longer an annual, tick-the-box exercise. It’s a regular, vital part of an organisation’s business plan. To provide a framework and questions that risk leaders should consider, a new tool has been developed and published. Jeff Parkison, CPA, CGMA, a US finance leader, is a co-author of the updated document, which is called “ERM Insights for the Financial Risk Leader”. He explains why enhanced risk management is needed and how the tool and its checklists can help organisations.
2/2/2022 • 16 minutes, 23 seconds
Excel tips: Top 4 functions to improve efficiency in 2022
In this second part of this series on Excel, Liam Bastick, FCMA, CGMA, an Excel MVP, shares what he thinks are the top functions for accountants and finance professionals, Excel’s limitations, and what he thinks is the future direction of this most popular spreadsheet software in the world.
1/26/2022 • 22 minutes, 46 seconds
Excel tips: Power Query, LAMBDA function, and why Excel is still relevant today
In this first episode of a two-part FM podcast series on Excel with FM contributor and Excel trainer Liam Bastick, FCMA, CGMA, we look at the most common mistake accountants make when using Excel, whether Excel is outdated and should be replaced with other software, and the new LAMBDA function.
1/12/2022 • 17 minutes, 55 seconds
Skills development: How to create a learning plan
In this second episode of a two-part FM podcast series on skills, Gary Cox, ACMA, CGMA, a coach for businesses and individuals, describes how to create a learning plan. He recommends conducting an audit of current skills and those needed over the next three years. Making incremental progress and finding someone to support or champion you from inside or outside the finance team — or outside your company — can also move you toward your goals. In “Skills Development: Which Ones Will You Need?”, the first of the two FM podcasts, Cox discusses the in-demand finance skills of effective use of data, insights, and “really good storytelling”.
12/8/2021 • 18 minutes, 37 seconds
Breaking down COP26 announcements and their implications
There was a dizzying array of announcements during the two-week UN climate change summit last month. Which ones matter for accounting and finance professionals? Martin Farrar, Ph.D., associate technical director at AICPA & CIMA, breaks down key pledges by governments and businesses, and new requirements on the horizon that accounting and finance professionals should know.
12/2/2021 • 23 minutes, 13 seconds
Skills development: Which ones will you need?
In this first episode of a two-part FM podcast series on skills, Gary Cox, ACMA, CGMA, a coach for businesses and individuals, describes the in-demand finance skills of effective use of data, insights, and “really good storytelling”. The second episode will look at how to create a learning plan — analysing the skills you have today and those you will need over the next three years.
11/24/2021 • 13 minutes, 43 seconds
Accounting for value
The definition of value continues to evolve in the knowledge economy. Finding new ways to measure, manage, and understand organisational value is a critical role for finance professionals and management accountants. In this episode, Paul Ashworth, FCMA, CGMA, previews his upcoming Financial Management articles on effective valuation, the challenges and benefits of different valuation methods, and why good value management can elevate the finance function within a business.
11/10/2021 • 16 minutes, 33 seconds
Increase your power during negotiations
Negotiation is a key skill to master, both in the workplace and outside it. In this episode, Fotini Iconomopoulos, founder of negotiation training company Forward Focusing, based in Toronto, and author of Say Less, Get More: Unconventional Negotiation Techniques to Get What You Want, shares advice for succeeding in negotiations. She talks about how to reduce your anxiety when negotiating, tactics that can improve your position during a negotiation, what women should know heading into a negotiation, and much more. Iconomopoulos will be speaking on negotiation at the 2021 AICPA & CIMA Women’s Global Leadership Summit, held live online 3–5 November.
11/2/2021 • 22 minutes, 53 seconds
Starting up: 3 metrics entrepreneurial CFOs need to watch
Tom Eisenmann, Harvard Business School professor and author of The Fail-Safe Startup, says only 10% of high-tech, high-potential startups are successful. In that success, the CFO has a critical role that includes managing cash and working out when to raise more and monitoring key metrics. He warns the new entrepreneur against rushing in without proper customer research and product evaluation and explains why “trusting your gut” can lead to flawed decisions.
10/12/2021 • 19 minutes, 11 seconds
International Podcast Day special: The best of the FM podcast
To celebrate International Podcast Day, we’ve compiled some of the top insights offered in 2021 episodes from speakers all over the world. Learn more about advice for fighting ransomware, the role of finance in navigating Olympic Games uncertainty for a medal-winning team, how to spot “greenwashing” in ESG reporting, and more from a five-part FM series on ESG. International Podcast Day is 30 September.
9/30/2021 • 15 minutes, 14 seconds
ESG, clean energy, and the need for reliable data
There is no “opt-out clause” for management accountants on environmental, social, and governance (ESG) information, says Association Chair and CIMA President Paul Ash, FCMA, CGMA, in this final podcast in an FM series on ESG. Ash describes how his formative years led to developing businesses focusing on environmentally clean energy and real-time measurement of emissions. Ash says management and public accountants both need to deliver on ESG compliance, and collaboration with engineers and architects will enable businesses to create workplaces in line with their ESG goals and protect workers’ health. What you’ll learn from this episode: What has driven Ash’s pursuit of clean energy and reliable emissions data. Management accountants’ opportunity to lead on ESG reporting. Why ESG compliance is an issue for both public and management accountants. The potential of clean coal and nuclear technology. How ESG encompasses creating a healthy workplace for employees.
9/8/2021 • 15 minutes, 3 seconds
What boards should know about climate change and value creation
Extreme weather risks have been on the rise for businesses worldwide, and regulators and standard setters are taking steps to keep investors updated. The recent merger of the Sustainability Accounting Standards Board (SASB) and the International Integrated Reporting Council (IIRC), which formed the Value Reporting Foundation, was a step towards consistency in environmental, social, and governance (ESG) and sustainability reporting. In this episode, Jeremy Osborn, FCMA, CGMA, director of business relationships and networks with the Value Reporting Foundation, suggests that integrated thinking and reporting can help corporate boards create long-term value, particularly when they consider potential consequences of climate change as they devise business strategy. This is part of a series of podcasts that explore how the finance function can drive sustainable business success and account for ESG issues.
8/25/2021 • 25 minutes, 11 seconds
Getting to the heart of ESG: An investor’s perspective
The belief that companies should not solely focus on shareholder value, but should benefit all stakeholders — including employees, customers, and communities — is what many investors, large and small, have been rallying around. As a result, investors have been demanding environmental, social, and governance (ESG) information from companies to help guide their long-term investment decisions. Matthew Hurn, OBE, FCMA, CGMA, is the CFO for Disruptive Investments at Mubadala Investment, an investment vehicle owned by the government of Abu Dhabi in the UAE with approximately $24.5 billion of assets under management. In this episode, he shares what ESG means for investors and for him personally, and how his team determines whether ESG issues are truly embraced by a company and not merely lip service.
8/11/2021 • 29 minutes, 5 seconds
The hidden risks and costs of ransomware
Ransomware is on the rise. Organisations of all sizes are at risk, and finance departments are at the forefront of identifying and mitigating ransomware risks. However, that diligence comes with its own challenges. To help organisations identify the growing risks and cost of ransomware, we talk with Gerry Glombicki, CPA, director with Fitch Ratings insurance group, about how finance professionals should be approaching ransomware. What you’ll learn from this episode: How organisations should be assessing their ransomware risk. How accountants and finance professionals should be preparing for ransomware attacks. How the growing risk of ransomware can cost organisations in unexpected ways. Why organisations should be thinking about cybersecurity across the organisation. The value of ransomware insurance.
8/4/2021 • 15 minutes, 25 seconds
Finance leaders’ opinions on top skills for the future
Finance’s role is evolving rapidly, which means the skills needed by finance professionals are changing. A recent FM Q&A series with finance leaders from around the world provided insight on skills that matter most. Hear this conversation with Alexis See Tho, an FM associate editor, and Barry Payne, the Association’s director of external relations for management accounting, for more on the series and what’s on the minds of finance leaders. What you’ll learn from this episode: A look back at a series of finance leader Q&As from late 2020 and early 2021. How the focus area was determined for FM’s summer Q&A series on finance skills. What skills accountants should have, according to a Yelp finance leader. What members of a leadership advisory group are focused on in 2021 and beyond.
7/28/2021 • 14 minutes, 6 seconds
How finance led hockey through Olympic Games uncertainty
Kuldeep Kaur, ACMA, CGMA, England Hockey’s finance and administration director, explains how scenario planning, data-led decision-making, and effective communication combined to lead the sport during the COVID-19 pandemic and the resulting Olympic Games scheduling uncertainty. What you’ll learn from this episode: An explanation of England Hockey’s business model. The role of timely communication in dealing with the pandemic. How visuals can help communicate with nonfinance colleagues. Why diversity can bring results — for sports teams, organisations, and in the boardroom. The opportunities for management accountants within sport.
7/21/2021 • 11 minutes, 59 seconds
Beyond sustainability reporting: Embedding ESG in strategy
When finance and accounting professionals think about ESG, it shouldn’t be limited to churning out sustainability reports. To enable real change in a company’s impact on environmental, social, and governance issues, they need to be part and parcel of long-term strategy. But how can that be done? In this episode, we hear from Michael Bueker, senior vice-president of finance for Middle East markets at Siemens Energy. The company’s businesses are in both traditional fossil fuel and renewable energy. Embedding ESG in its strategy means having internal ESG targets that are tied to KPIs, such as executive compensation, and, externally, incorporating ESG into its product and service offerings, such as providing low-carbon energy options to its customers.
7/14/2021 • 29 minutes, 45 seconds
What evolving sustainability regulation means to finance
Sustainability has become a prominent topic of discussion in business, but it can mean different things to different people. Jeffrey Hales, Ph.D., professor of accounting at the University of Texas at Austin and chairman of the Sustainability Accounting Standards Board (SASB), explains what it means to management accountants. As SASB chair, Hales heads efforts to set standards for how companies should account for sustainability issues that represent likely financially material risks and opportunities within industries. This is the first in a series of episodes that explore how the finance function can drive sustainable business success and account for environmental, social, and governance (ESG) issues.
6/30/2021 • 25 minutes, 52 seconds
Fintech: Past, present, and sci-fi future
Jame DiBiasio, financial journalist and author of Cowries to Crypto: The History of Money, Currency, and Wealth, describes the long history of money, what the shift from Internet 1.0 to 2.0 means for trading large illiquid assets, and considerations for companies when dealing with bitcoin. He looks to a fintech future of wearable and implanted technology. DiBiasio is also the author of an FM quiz on the history of fintech.
6/10/2021 • 14 minutes, 57 seconds
How leaders can build trust and a cohesive team
Building trust has always been important in business, and COVID-19 has served to highlight it, according to leadership and workplace culture expert Liz Lugt. In this interview, Lugt sets out the elements of “vulnerability-based trust” and how finance leaders can focus on being effective rather than only efficient. Lugt is speaking at the upcoming AICPA & CIMA ENGAGE EUROPE conference on 19 May on the topic of “Expanding Your Sphere of Influence”.
5/7/2021 • 20 minutes, 33 seconds
Management accountants versus money laundering
Governments around the world are tightening anti-money laundering regulations and increasing noncompliance penalties. Management accountants are at the frontlines of money laundering risk. In this FM podcast episode, Matthew Russell, a London-based financial crime partner at PwC, discusses how finance professionals can address the changing anti-money laundering landscape and how they can use what they learn in the process to their strategic business advantage. Russell is a featured speaker at ENGAGE EUROPE 2021 on Wednesday, 19 May at 1pm–2.15pm GMT +1. You can find more information here.
5/5/2021 • 20 minutes, 20 seconds
How are finance teams keeping up with digitalisation?
Alnoor Bhimani, Ph.D., professor of management accounting at the London School of Economics, thinks the finance and accounting profession has yet to fully understand the sweeping implications of today’s digitalised business models and operations. In this episode of the FM magazine podcast, he shares key findings from his new book, Accounting Disrupted, and how finance professionals can equip themselves to deliver the right financial and nonfinancial intelligence that organisations need.
4/28/2021 • 28 minutes, 47 seconds
SMEs boosted by fast decisions, customer feedback
CIMA Member in Practice Fiona Bevan, ACMA, CGMA, describes recent trends in the UK SME sector and how her company, Bevan Financial Management Ltd, adapted to the COVID-19 crisis. She offers advice for SMEs — and larger businesses — on effective customer feedback and how businesses can improve and speed up their decision-making without losing control. Bevan is speaking at AICPA’s & CIMA’s ENGAGE EUROPE conference on 19 May on the topic of “How to Rethink Your Organisations’ Business Models and Revenue Streams”.
4/16/2021 • 16 minutes, 1 second
Ready to innovate? Ask these questions to set metrics
Amy Radin, who serves on the board of directors of the Association of International Certified Professional Accountants, wrote an article in the December 2020 issue of FM with the headline “How CFOs Can Enable Innovation Now”. Radin is an author, adviser, and former corporate innovation executive, so she has keen insight into the topic, including how the finance function can play a critical role. A section of her article touched on the questions organisation leaders should ask in establishing metrics for early-stage concepts. Those questions are addressed in detail in this podcast episode.
3/9/2021 • 29 minutes, 40 seconds
The road to recovery in the UK and Europe
Jeremy Hawkins, senior European economist at Econoday, provides an overview of the UK and Europe’s economic landscape two months on from the signing of the UK-EU post-Brexit trade deal and a year from the start of the coronavirus pandemic. He highlights the sectors likely to bounce back more rapidly and those that could struggle to regain lost ground. What you’ll learn from this episode: The UK and Europe’s 2020 and early 2021 economic performance. Why there is UK optimism for the second half of 2021. The effect of the “stamp duty holiday” on the UK housing market. How the accommodation and food sectors could recover strongly. Impacts on sterling and the euro from vaccine roll-out rates.
2/19/2021 • 12 minutes, 39 seconds
Career management 2021: What’s changed in the past year
Rhymer Rigby shared advice for how to deal with co-workers’ annoying habits and how to succeed in remote meetings in previous FM podcasts. This episode is the conclusion of a three-part conversation with Rigby, a regular career contributor to FM. He responds to questions about how career management has changed since the onset of COVID-19, how recruiting without boundaries can be good (with one potentially big exception: pay), and how we can build perseverance.
2/11/2021 • 17 minutes, 18 seconds
How to build resilience -- for the next crisis
CIMA President Nick Jackson, FCMA, CGMA, says finance leaders have a fundamental role in building resilience -- both for themselves and their teams. They also need to invest to ensure employees are equipped with the right tools and have access to the right data to do their job effectively. What you’ll learn from this episode: The meaning of “resilience”. Why leaders need to be clear about team priorities. The warning signs that a team member is underperforming. How leaders can support struggling employees. The imperative for teams to have the right data and tools.
1/27/2021 • 11 minutes, 3 seconds
More remote-work relationship advice
At the end of 2020, Rhymer Rigby addressed how workers could deal with some of their colleagues’ annoying habits. In 2021, discussion of remote-work relationships continues with Rigby, a regular FM magazine contributor and the author of the book The Careerist: Over 100 Ways to Get Ahead at Work. In this episode, Rigby is prompted to revisit a comment made in the summer about why Zoom or other video meeting platforms suddenly became the default for having a discussion. What you’ll learn from this episode: The reasons you should be more communicative with your manager in a remote-work setting. How expectations should be set around productivity and availability. Why our “fight or flight” instinct can kick in during a video meeting. The reason some online meetings can feel like a “professional zoo”.
1/13/2021 • 13 minutes, 31 seconds
Remotely addressing co-workers’ most annoying habits
For some of us, pet peeves or complaints regarding co-workers have been diminished or taken away by COVID-19 and remote work. But the new remote realm has created more ways in which others get under our skin, even from a distance. Career expert Rhymer Rigby shares more on the quibbles we have with colleagues and how to resolve them in the first of a multipart podcast conversation. What you’ll learn from this episode: Some common pet peeves about co-workers that remote work has temporarily solved. Rigby’s advice for dealing with a colleague who takes credit for others’ work. How a line manager should approach a direct report who circumvents the manager’s authority. Why in Rigby’s mind some people “hide” from talking by phone. One of Rigby’s pet peeves about phone calls, which he first mentioned during a summer conversation about work amidst the pandemic.
12/16/2020 • 8 minutes, 56 seconds
Putting the 'power of people' into business
Rebecca McCaffry, FCMA, CGMA, associate technical director–Research & Development, Management Accounting at the Association of International Certified Professional Accountants, is author of the recent CGMA report, The Power of People: Business Relationships in Difficult Times (CIMA member login required). She describes in this episode how management accountants’ skills of communication, empathy, and collaboration can enhance relationships that lead to increased value for businesses. What you’ll learn from this episode: About business relationships — with customers, colleagues, and in supply chains. How one bank fundamentally changed its customer interactions during the pandemic. The importance of KPQs — key performance questions — that lead to KPIs. How communication, empathy, and collaboration skills can aid relationship building. The shift in trust towards employers as sources of credible information.
11/30/2020 • 17 minutes, 41 seconds
UK v US English: Gobsmacked by usage and pronunciation
When shopping for vegetables, do you look for “aubergine” or “eggplant”? What you say depends on where you learned English. US copy editor Pam Nelson and UK writer Samantha White discuss the rise of “awesome”, why some seemingly simple words have different pronunciations in the UK and US, and more. What you’ll learn from this episode: How English speakers in different parts of the world pronounce “niche” — apparently there are more than two ways. When “awesome” came into regular usage. Why one guest says it can feel cathartic to say “gobsmacked”. The ways that English speakers in India are contributing to our global lexicon. A bit of history about the phrase “chalk up” and how it is sometimes confused with “chock up”.
11/13/2020 • 29 minutes, 30 seconds
An Olympic hopeful’s lessons on pandemic adaptability
COVID-19 has reinforced the importance of adaptability for Jo Hunter, ACMA, CGMA. She has been living that lesson for much of 2020. Hunter works part time in a finance role with GlaxoSmithKline. She also plays forward for Great Britain’s national team in field hockey. Team GB is the reigning Olympic champion from 2016, but its quest to win a second consecutive gold medal was put on hold last spring when the Olympics in Tokyo were postponed to 2021. Hunter discusses modified strength training at home, how accountant training has helped her look at tasks objectively, and how life in the pandemic has given her an understanding of “being present” that she previously lacked.
10/30/2020 • 24 minutes, 54 seconds
Should companies rethink their approach to 2021 budgeting?
Even without the disruption of COVID-19, budgeting and forecasting for the year ahead are challenging tasks requiring months of back-and-forth negotiations between departments and senior management. Prabhu Sivabalan, professor of accounting at the UTS Business School in Sydney, who has spent years researching budgeting, talks about the problem with using budgets for performance evaluation and suggests quick wins to improve budgeting this planning season.
10/22/2020 • 29 minutes, 29 seconds
‘Responsible financial leadership’ for the coronavirus era
CIMA President Nick Jackson, FCMA, CGMA, is a strong advocate for responsible business. The theme for his presidential year is “responsible financial leadership”, and in this episode he shares how businesses can go beyond shareholder considerations and adopt a sustainable, multi-stakeholder approach to value creation. What you’ll learn from this episode: - Jackson’s commitment to public service and performance management. - Why his “responsible financial leadership” presidential theme is relevant now. - The value of an ethical approach to business supply chains. - How COVID-19 has truncated planning horizons. - Tools to enable finance leaders to prepare for future disruption.
9/16/2020 • 13 minutes, 53 seconds
Leading on finance at the Royal Ballet
In this interview recorded before COVID-19 had fully taken hold, Heather Baxter, ACMA, CGMA, administrative director at the Royal Ballet in London, describes the company’s funding model and complex multi-season budgeting process. She also gives advice for management accountants on developing careers in the arts that are interesting if sometimes nonlinear. What you’ll learn from this episode: - About the Royal Ballet’s changing funding model. - How its multi-season budgeting process works. - The impact of Brexit on the company. - When a sideways move can advance your career for the long term. - How management accountants can develop careers in the arts.
9/8/2020 • 10 minutes, 9 seconds
13 answers to questions about work amidst the pandemic
The remote work revolution has been accelerated dramatically as a result of the coronavirus pandemic. How our work environments look in the next year remains unsettled, but some changes are already evident. Career expert and author Rhymer Rigby, a regular contributor to FM, offers advice for workers who no longer commute to an office, wonders why video meetings now seem to be a communication default, and shares some key elements of employability for today’s professional.
8/4/2020 • 21 minutes, 33 seconds
CIMA engages with UK Chancellor’s crisis recovery work
Andrew Harding, FCMA, CGMA, chief executive–Management Accounting at the Association of International Certified Professional Accountants, reacts to the UK Chancellor of the Exchequer’s Summer Economic Update and describes UK advocacy efforts on behalf of Association members. What you’ll learn from this episode: - Details of the 20 recovery suggestions that CIMA presented to the UK government. - The suggestions taken up by the Chancellor in his 8 July Summer Economic Update. - Why CIMA is calling for the apprenticeship levy to encompass existing workers’ skills. - The success of the Association’s advocacy efforts during the pandemic. - How management accountants are leading the business recovery.
7/14/2020 • 16 minutes, 14 seconds
Leadership tactics to better support employees in turbulent times
Loretta Outhwaite, FCMA, CGMA, a director and CFO with a particular interest in wellbeing, shares tactics leaders and managers can use to better support employees in these turbulent times. What you’ll learn from this episode: - The way people cope with uncertainty and stress differs from person to person, but there are ways managers can spot the signs that an employee or colleague may be suffering. - How to build a resilient, high-performing organisational culture where staff feels comfortable sharing concerns. - Critical steps leaders and managers must take to support wellbeing and team members who are finding it hard to cope. - Each furloughed employee returning to work is an opportunity for an organisation to learn, adapt, and prepare for the future.
7/8/2020 • 31 minutes, 30 seconds
The language of financial leadership
Whether you are making a big speech as a CFO or having a one-to-one business conversation, there are simple ways to ensure your message is heard, says speechwriter, author, and TEDx speaker Simon Lancaster. What you’ll learn from this episode: - How you can enhance your communication by “painting pictures”. - Why the use of metaphors is so powerful. - The “rule of three” and why it is effective in speech. - Ways to better engage with a videoconference audience. - How the language of money is changing.
6/29/2020 • 12 minutes, 27 seconds
The traits of a strong business continuity plan
Many organisations have had to rethink their business continuity plans in the wake of the COVID-19 pandemic — if they had a plan to begin with. Cecilia Locati, FCMA, CGMA, the founder of consulting company Internal Control Toolbox, has worked with organisations of many types, and she shares where they fall on the spectrum between “no plan” and “world-class plan”. She describes the key traits of a strong plan, the human obstacles to such plans, and more in this episode. What you’ll learn from this episode: - What a business continuity plan should include. - The obstacles companies face in carrying out a business continuity plan. - The importance of being generic and specific at the same time in putting together a business continuity plan. - How human biases sometimes get in the way of strong planning.
6/10/2020 • 27 minutes, 55 seconds
The traits of an effective CFO
CIMA President Amal Ratnayake, FCMA, CGMA, who is also CFO of the Official Community Corporation in Canada, and Sherin Cader, CFO of the financial services industry group and executive vice-president at John Keells Holdings Plc in Sri Lanka, discuss the skills and experience needed to become a trusted and effective CFO. What you’ll learn from this episode: - How the scope of the CFO’s role has expanded. - What CFOs are doing to lead businesses through the coronavirus crisis. - Why CFOs need to communicate regularly with remote teams. - The importance of being an ethical leader to build loyalty and productivity. - The value of gaining experience in multiple businesses.
5/22/2020 • 25 minutes, 21 seconds
After initial crisis mode, take time to reflect
Tim Burghout, ACMA, CGMA, the head of finance and accounting for Metro China, a wholesale cash and carry, tells about how he built a playbook as changes due to the novel coronavirus progressed, why it’s important to take time thinking through decisions, and why we see empty shelves in supermarkets. What you’ll learn from this episode: - Burghout’s road map the past three months. - If he could go back in time, what resource he wishes he had. - Empty supermarket shelves — fact or fiction? - How consumer behaviours have changed and what trends will stay after the coronavirus pandemic.
5/4/2020 • 38 minutes, 21 seconds
How you show up matters, even on a video call
Numerous in-person professional events have been shifted to online only, delayed by months, or cancelled in 2020 as a result of the coronavirus pandemic. That doesn’t mean that we can’t strengthen connections with those we know or make new business contacts, according to Todd Cohen, a consultant, speaker, and author. What you’ll learn from this episode: - Tips for how to display presence on a video call. - Why presence “is the most powerful selling tool we have”. - The value of continuing to build connections despite a lack of in-person interaction. - The importance of specific questions in online meetings.
4/29/2020 • 16 minutes, 16 seconds
How CFOs can create a COVID-19 crisis war room
Ankur Agrawal, McKinsey partner and co-author of “The CFO’s Role in Helping Companies Navigate the Coronavirus Crisis”, offers tips and insights on how CFOs can most successfully steer their organisations through the crisis.
4/20/2020 • 18 minutes, 16 seconds
COVID-19: From distilling spirits to making hand sanitiser
When one country after another took measures to slow the spread of the coronavirus, BrewDog faced a 70% drop in revenue because customers could no longer visit its 102 bars worldwide. The Scottish brewer, distiller, and bar operator decided to switch from producing gin, vodka, and rum to making hand sanitiser. Ben Press, ACMA, CGMA, BrewDog’s retail finance manager, explains how the international company managed to change production quickly and how it plans to survive the economic impact of the coronavirus pandemic.
4/16/2020 • 19 minutes, 52 seconds
What makes an effective leader?
CIMA President Amal Ratnayake, FCMA, CGMA, and Alfred Ramosedi, FCMA, CGMA, the CEO of Bayport Financial Services in South Africa, discuss the traits of effective leaders and how they can get “buy-in” from employees to drive change.
4/8/2020 • 23 minutes, 56 seconds
COVID-19, complexity, and strategic decision-making
Chris Clearfield, author of Meltdown: Why Our Systems Fail and What We Can Do About It, talks to FM magazine senior editor Drew Adamek about how the coronavirus pandemic is exposing complexity in global supply chains, trade, and economies. Clearfield offers advice on how finance professionals can improve their strategic decision-making in the face of this complexity.
3/30/2020 • 10 minutes, 13 seconds
Email tips you don’t want to miss
Byron Patrick, CPA/CITP, CGMA, knows what he is talking about when it comes to technology — he co-authored FM’s popular 2019 article "100 Quick Technology Tips", which included ways to save time when using email. In this podcast episode, he shares more advice on how to use email effectively: what to do, what not to do, and why you should think twice before sending email.
3/25/2020 • 27 minutes, 27 seconds
Managing coronavirus disruption: Lessons from Asia
Since the start of the coronavirus outbreak, companies in Asia have been dealing with supply chain disruptions and have implemented large-scale work-from-home policies to keep the business going. What can companies in other parts of the world learn from their experience? Guru Balasubramaniam, ACMA, CGMA, acting managing director of Rentokil Initial Hong Kong, and Arthur Yu, FCMA, CGMA, China CFO of Jaguar Land Rover, share what their teams have been doing to stabilise the business.
3/24/2020 • 15 minutes, 14 seconds
Steering your budget amid coronavirus uncertainty
Organisations that have agility built into their budgets are better equipped to pivot when needed, as when major events such as the spread of the coronavirus occur. They also will be more prepared for the next crisis, according to Steve Player, CPA, CGMA, the owner of consulting firm The Player Group. “This won’t be the last pandemic we face,” Player said.
3/23/2020 • 21 minutes, 11 seconds
Coronavirus concerns: Putting people first
Organisations can’t simply wait and hope for the best when it comes to coronavirus response. Disaster planning expert Jennifer H. Elder, CPA/CFF, CGMA, shares advice in this episode.
3/4/2020 • 17 minutes, 40 seconds
Coronavirus risks: The importance of preparation
Strong risk management practices can’t stop the spread of the coronavirus, but strong planning and the ability to adapt can help mitigate its consequences. For lessons on the short- and long-term steps organisations should take in bracing for the full effects of the global outbreak of the coronavirus, hear advice from Mark Beasley, CPA, a professor at North Carolina State University and the director of the university’s Enterprise Risk Management Initiative.
3/3/2020 • 18 minutes, 32 seconds
Integrated thinking and how to develop it
Associate professor at Australia’s Monash Business School and chartered accountant Nick McGuigan, Ph.D., describes ways management accountants can develop integrated thinking — including through “social bubble hopping”.
2/26/2020 • 14 minutes, 40 seconds
How to encourage ethical corporate behaviour
Kris Curry, an EY principal in forensic and integrity services, talks about tools, frameworks, and practices companies have at their disposal to help employees, contractors, and vendors conduct themselves with integrity even in challenging markets.
2/12/2020 • 16 minutes, 27 seconds
Success secrets from the Super Bowl champs’ CFO
Dan Crumb, CPA, CGMA, has been CFO of the Kansas City Chiefs for ten seasons, the last of which was the most exciting — the Chiefs won the US National Football League’s Super Bowl championship game earlier this month. Crumb shares insights on taking a simplified approach to innovation, the value of thinking like an owner, and the thrill of hearing a stadium full of loyal, loud fans.
2/7/2020 • 19 minutes, 58 seconds
How to think strategically about innovation
The big ideas that lead to innovative business changes may seem to happen outside traditional structures, but it’s important for organisations to be strategic when it comes to setting the stage for innovation to occur. Accounting tech expert Donny Shimamoto, CPA/CITP, CGMA, offers up the key components that entities should consider to stay ahead of the innovation curve.
1/29/2020 • 19 minutes, 19 seconds
The impacts of digital filing and collection of tax
Chartered accountant Androulla Soteri, global head of tax at Baker Tilly International, offers a progress report on the UK’s Making Tax Digital programme and other countries’ digital filing and collection of tax.
1/15/2020 • 34 minutes, 10 seconds
Sponsored: The hidden costs of travel & expenses
AMI Partners, an independent research firm, connected with financial decision-makers in over 500 SMBs across six countries (Australia, Canada, France, Japan, UK, and US) to better understand the “before and after” experiences of implementing automated travel and expense solutions. In this branded podcast, Nikki Hollis, regional sales director at SAP Concur, delves into the UK research findings. (Sponsored by SAP Concur)
12/16/2019 • 12 minutes, 42 seconds
How digital fitness can strengthen risk management
Risk management functions that operate in lockstep with a company’s digital transformation efforts tend to perform better. But how do they get there? Brian Schwartz, a PwC partner, shares the traits of digitally fit risk functions and the characteristics that separate dynamic risk functions from peers.
12/11/2019 • 19 minutes, 38 seconds
A CFO in the front-row seat of 5G roll-out
Thivanka Rangala, FCMA, CGMA, is the CFO at edotco Group, a telecommunications tower company that is building network infrastructure for 5G technology in Asia. He shares insights on preparing for 5G roll-out and advises finance professionals to stay ahead of the curve.
12/4/2019 • 20 minutes, 40 seconds
How finance can protect itself from the dark web
In part two of this conversation with Emily Wilson, vice-president of research at Terbium Labs, we return to our conversation about how the dark web amplifies fraud risk for finance departments. In this episode, we explore what to do if you discover your data on the dark web, how to mitigate the damage of a data breach, and what the future of the dark web holds for finance departments.
11/27/2019 • 14 minutes, 21 seconds
Why finance should be terrified of the dark web
Risk expert Emily Wilson explains the risk that the dark web poses for finance departments, why management accountants should be concerned about the ‘fraud economy’, and how to identify data breaches.
11/20/2019 • 21 minutes, 11 seconds
A real-world lesson in collaboration
When Australia’s cotton farmers faced a pest problem that could have wiped out the industry, they collaborated. An accounting researcher shares how that was done and how management accountants can help organisations collaborate.
11/6/2019 • 24 minutes, 56 seconds
Leadership skills in an AI world
Motivation expert, author, and speaker Sophie Bennett describes the ways leadership skills need to change in today’s technology-enabled workplace.
10/16/2019 • 16 minutes, 47 seconds
How companies are managing costs to transform
As businesses risk being leapfrogged by better competitors, how can they manage costs to invest in new technologies? Omar Aguilar, a partner at Deloitte, shares findings of the 2019 Global Cost Survey and the role of finance teams in enabling transformation.
10/2/2019 • 25 minutes, 29 seconds
CIMA president’s thoughts on a ‘pivotal’ year
CIMA president and Association board chair Amal Ratnayake, FCMA, CGMA, describes his global career journey and his ambitions for the Institute during a pivotal year in its 100-year-long history.
9/18/2019 • 17 minutes, 11 seconds
Climate-related reporting’s ability to effect change
IASB chairman Hans Hoogervorst discusses the growth of sustainability and climate-related reporting.
9/11/2019 • 13 minutes, 37 seconds
Weak links: Third-party vendors and cyberfraud
Matt Kelly, editor of Radical Compliance, talks to FM senior editor Drew Adamek about the cybersecurity risk that third-party vendors pose, how finance departments can start managing and mitigating that risk, and the mindset shift that finance departments need to make when thinking about protecting data.
9/4/2019 • 21 minutes, 1 second
Driving ethical behaviour in a global organisation
Tone at the top is important but not enough to build and sustain an ethical corporate culture in a global organisation. Liban Jama, a partner in EY’s forensic and integrity services, explains how to drive ethical behaviour.
8/21/2019 • 23 minutes, 23 seconds
Sponsored: Mastering UK compliance
Ensuring company spend is compliant is a crucial role of the finance team. But how can you be confident you are getting a true view into all spend — whether that occurs as employee expenses or as invoices — while at the same time guaranteeing compliance with the UK’s HMRC rules? (Sponsored by SAP Concur)
8/14/2019 • 16 minutes, 32 seconds
The value of investing in yourself
Nigel Franklyn, CPA, CGMA, a finance leader at Prudential, shares insight on “living our best life”, how small changes can make a difference in performance, and why lunch matters.
8/7/2019 • 24 minutes, 22 seconds
Why engaged managers matter
Employees thrive when managers show they care. In this episode, learn the value of engaged management and how managers can improve employees’ health as well as their work performance.
7/16/2019 • 25 minutes, 48 seconds
How finance can drive the agenda
Hear how Mike Driver, FCMA, CGMA, the UK government’s finance head and Ministry of Justice CFO, aims to put finance at the heart of decision-making.
7/2/2019 • 19 minutes, 30 seconds
UK v. US English: The podcast
It’s not only in spelling that English differences emerge. Listen to UK and US language aficionados discuss some of the peculiarities.
6/19/2019 • 23 minutes, 52 seconds
Why succession planning is about more than CEOs
Succession planning can strengthen organisations for the future, but focusing on the C-suite is a mistake, according to Shaara Roman, a consultant with wide-ranging global experience.
6/4/2019 • 25 minutes, 44 seconds
Wide-ranging advice from a winery CEO
The CEO of a vineyard and winery speaks on getting up early, why she never watches TV in hotel rooms, and how tech is advancing winemaking.
5/21/2019 • 28 minutes, 57 seconds
How to spot overlooked leaders
To recruit and retain leadership talent that creates value, you need to know who your best people are. That’s not necessarily obvious, because your most valuable employees might not be the ones who get paid the most.
5/7/2019 • 26 minutes, 44 seconds
CIMA’s history — the route to 100 years
CIMA had small beginnings. Learn in this episode with CIMA historian Martin Farrar how it has grown over 100 years into the organisation we see today.
4/23/2019 • 20 minutes, 20 seconds
How CFOs can thrive during a dramatic shift
Hear Sandy Cockrell, CPA, managing partner of Deloitte’s CFO programme, share how CFOs can manage through the era of digital transformation.
4/9/2019 • 18 minutes, 56 seconds
The voices of leadership
Leadership expert, author, and academic Graeme Findlay describes the voices of leadership and how leaders should use them in order to be successful.
3/26/2019 • 21 minutes, 30 seconds
The new CFO mandate
CFOs are quickly becoming more central within the corporate structure but have a lot of work to do as their roles expand and technology transforms the role.
3/12/2019 • 24 minutes, 3 seconds
How to be a better listener
In part two of a conversation with management coach Mary Legakis Engel, learn about how strong leaders are often adept at listening.
2/19/2019 • 15 minutes, 31 seconds
The qualities of legendary leaders
What makes a leader “legendary”? Management coach Mary Legakis Engel has a few thoughts and an explanation of leadership types in this podcast.
2/12/2019 • 15 minutes, 12 seconds
Coach through the messiness of change
To lead others through a time of rapid change requires an understanding of why change is painful to many people, says leadership coach Sarah Elliott, CPA. Elliott offers suggestions for inspiring others to tackle that pain.
1/28/2019 • 18 minutes, 52 seconds
Know your audience, improve your communication
Finance professionals who take time to learn about others can more effectively get their message across. Kristine Lemanski, CPA, CGMA, explains the importance, using examples from her work experience.
1/15/2019 • 12 minutes, 38 seconds
The 4 stages of accounting function evolution
Donny Shimamoto, CPA/CITP, CGMA, talks accountant superpowers and the importance of influencing skills in this episode.
12/18/2018 • 20 minutes, 53 seconds
Planning for Brexit uncertainty
The UK’s future trading relationship with the rest of the EU remains to be shaped — one aspect of the uncertainty surrounding Brexit. Hear more about what the future holds for those inside and out of the UK in this podcast with Jeremy Hawkins, senior European economist with Econoday.
12/17/2018 • 12 minutes, 42 seconds
A management accountant’s pursuit of Olympic dream
“You’re going to have setbacks” when chasing goals, says Jo Hunter, ACMA, CGMA. Listen to her discuss a major goal: making the 2020 Olympics in hockey.
12/4/2018 • 28 minutes, 9 seconds
Managing your digital presence for career success
Kevin Bryant, CEO of social media consultancy Educated Change, offers social media strategies for boosting career opportunities.
11/27/2018 • 25 minutes, 19 seconds
A better way to assess impact on vital capitals
What is the triple bottom line, and how does it relate to reporting on six vital capitals? Martin Thomas, FCMA, CGMA, a former executive with Unilever, shares more on those and other topics.
11/5/2018 • 26 minutes, 4 seconds
How the skillset for today’s CFO is changing
An expert on large-company CFO searches shares insights into where executives are coming from and more in this podcast.
10/22/2018 • 29 minutes, 3 seconds
Top takeaways from the 2018 global Salary Survey
The Association of International Certified Professional Accountants’ Jonathan Key details the results of the global Salary Survey of CGMA designation holders and CIMA students.
10/8/2018 • 13 minutes, 13 seconds
Why we love emotionally intelligent leaders
Clare Haynes, a speaker, coach, and the founder of the UK firm Wildfire, explains the skills that emotionally intelligent leaders possess and how those skills can inspire employees.
10/2/2018 • 30 minutes, 34 seconds
Confronting the challenges of third-party fraud
A discussion about the elevated risks of third-party fraud and what finance departments can do to protect themselves.
9/18/2018 • 19 minutes, 42 seconds
Basic skills of a successful negotiator
Basic skills men and women can learn from each other to become successful negotiators.
9/4/2018 • 18 minutes, 1 second
Why countries with ‘no baggage’ can rise quickly
Nandu Nandkishore, an executive fellow at London Business School, discusses why tech-driven disruption is going to continue and how global population changes will affect the world economy.
8/23/2018 • 18 minutes, 54 seconds
How to keep your mobile phone strong
To keep your phone at peak efficiency, listen to advice from Byron Patrick, CPA/CITP, CGMA, managing director at US consultancy Network Alliance.
7/31/2018 • 16 minutes, 19 seconds
How do others see you? It’s up to you
Have you ever been scared to make a mistake? You’re not alone. Dima Ghawi, a leadership coach, speaker, and author, discusses why we shouldn’t worry about being perfect and how we can build a personal brand.
7/23/2018 • 17 minutes, 15 seconds
Managing trust in business
Gillian Lees, senior director of governance and risk research at the Association of International Certified Professional Accountants, discusses steps that businesses can take to build trust over the long term.
6/27/2018 • 19 minutes, 47 seconds
Why soft skills don’t equate to soft leadership
Managers can use soft skills to set clear expectations and create a culture of accountability, according to leadership speaker, author, and coach Jeff Nischwitz.