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Changes to the 2020 FRM® Exam and Study Materials

Changes to the 2020 FRM® Exam and Study Materials: Financial risk managers work in environments that can be uncertain, complex and volatile. Staying current with risk topics and maintaining critical analytical skills are import for adding value to a firm’s risk management program. The FRM’s curriculum is dynamic and responsive to changing markets and their […]

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Importance of Spreadsheet software in Business

Spreadsheet: A spreadsheet or worksheet is a file made of rows and columns  that help sort data, arrange data easily, and calculate numerical data. What makes a spreadsheet software  program unique is its ability to calculate values using mathematical formulas and the data in cells. A good example of how a spreadsheet may be utilized is creating an overview of your bank’s […]

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BUILDING CONFIDENCE IN NON FINANCIAL INFORMATION

Globally, there has been a surge in the amount and variety of information reported to investors outside of financial statements. Nonfinancial information involves issues related to: sustainability; corporate responsibility; environmental, social and governance (ESG); ethics; human capital; and environment, health and safety (EH&S). Although described as “nonfinancial,” the information involved is typically indirectly correlated with […]

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Enterprise Performance Management: Management Accountants’ Perceptions

Enterprise Performance Management: Management Accountants’ Perceptions: Based on a 2014 IMA survey, this report discusses common technologies to support Enterprise Performance Management (EPM) and the adoption of new technology to support it. Enterprise Performance Management (EPM) encompasses an organization’s activities around: Planning, budgeting, and forecasting; Financial close, reporting, and disclosure; and Performance measurement, analysis, and […]

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Receive 40% off the CMA Entrance fee and IMA Membership

#Why should you pursue the #CMA® (Certified Management Accountant)? The CMA is an internationally recognized certification that gives you added credibility and confidenc. The CMA prepares you to step up to leadership roles and new career opportunities. The CMA demonstrates mastery of the critical skills every finance and accounting professional needs. CMAs earn on average 55% more […]

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Integrated reporting ? How is it different from conventional reporting?

Integrated reporting is a new domain in accountancy that aims to enhance the scope of corporate reporting. Unlike traditional approach, integrated reporting attempts to report the value creation process of an organization. It refers that both financial as well as non-financial factors are responsible for development of sustainable value addition for an organization. The framework […]

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INTEGRATED REPORTING

An integrated report is a concise communication about how an organization’s strategy, governance, performance and prospects lead to the creation of value over the short, medium and long term. The cycle of integrated thinking and reporting, resulting in efficient and productive capital allocation, will act as a force for financial stability and sustainability. <IR> aims to: • Improve the quality […]

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The Role of Internal Audit in Organization Goals Achievements

The fundamental role of internal audit is to assist management to attain organization’s goals. It also provides assurance that the management has implemented a satisfactory internal control system for risk prevention. In accumulating, internal audit provide internal consulting services to the whole organization in terms of facilitation, advices, training and counsels. According to IIA  “Internal auditing is […]

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Explainable AI: Is It Even Possible?

Explainable AI: Is It Even Possible? Technology Enablement: November 26, 2018 | Margaret Michaels The first time I did serious research around the concept of explainable AI I found it wasn’t so explainable. For example I found a Medium.com article by a computer science undergraduate at Cambridge entitled, “An Introduction to Explainable AI, and Why […]

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Value chain analysis

A value chain is a set of activities that a firm operating in a specific industry performs in order to deliver a valuable product (i.e., good and/or service) for the market. The concept comes through business management and was first described by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance. The idea of the value chain is based on the process […]

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