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As 2010 comes to a close, IMA would like to wish its members, partners, and other professionals a safe and happy holiday season. As we reflect on the past year for the profession, we would like to provide the
readers of the IMA Online News, a look at the most accessed articles from the year. Our regular publication will resume next Tuesday, Jan. 4, 2011.
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6 Reasons to be Excited About The Small Business Jobs Act
San Francisco Chronicle
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Sept. 28: If you're a small business owner, the Senate gave you some much needed assistance when they passed the Small Business Jobs Act. Since this wasn't a bill that had a lot of public fanfare attached to it, many small business owners may have missed it altogether. Here are six reasons to be excited about this.
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Understanding The Difference Between FIFO And LIFO
Helium
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Aug. 24: The United States currently uses GAAP, or generally accepted accounting principles, to guide businesses in how to account for financial transactions. Part of accounting is determining how inventory will be valued for the Balance Sheet. GAAP allows for three methods of inventory valuation: FIFO, LIFO, and Weighted Average.
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How CFOs Make Cost-Cutting Stick
CPO Agenda
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Sept. 28: Cost-cutting is likely to remain a strategic priority, according to "Five ways CFOs can make cost cuts stick," a report by McKinsey &
Co. But how can successful cost-cutting be maintained in the longer term?
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Want to Succeed at Lean? Forget Cost Cutting
Industry Week
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Nov. 16: Here's a quick exercise for you. It will just take a minute at your computer. Do a search on the phrase "lean cost cutting." Do a quick scan of the articles that are listed. Notice how closely lean and cost cutting are seen to be?
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Putting Your Scorecard To Work, Pt. 1
Network World
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Aug. 17: The process in which companies monitor and report their performance is
due for an injection of analytics. Over the past 15 years, the
most
important innovation in this process has been the balanced scorecard,
popularized by Robert Kaplan and David Norton. This innovation consists
of reporting multiple nonfinancial performance indicators along with
financial performance indicators on one sheet or screen.
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The Seven Sins of Performance Measurement
Bloomberg Businessweek
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Oct. 19: Metrics that focus only on financials and leave the customer out of the equation won't drive
performance improvements-and could hurt them-writes Lisa Hershman.
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Why the SEC Won't Flip the IFRS Switch
CFO
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Sept. 7: There are three techniques that enable CFOs to plan intelligently for
the future despite the many unknowns associated with the use of
International Financial Reporting Standards (IFRS) in the United
States. This month's column provides an example of one of the
techniques, risk analysis, which involves assessing the likelihood of
possible outcomes in key areas of uncertainty.
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