Resources & Publications

April 2014
Click on article titles to download FREE PDFs.


Individual Articles

Leveraging Effective Risk Management and Internal Control
By J. Stephen McNally, CPA, and Vincent H. Tophoff, RA
Risk management and internal control (RM/IC) shouldn’t be treated as ends in themselves. They are part of the process for setting and achieving an organization’s overall strategies and objectives. Management accountants need to be aware of the common pitfalls to effective implementation, the building blocks for effective RM/IC, and the latest frameworks and guidance coming from organizations such as the Committee of Sponsoring Organizations of the Treadway Commission (COSO), the International Organization for Standardization (ISO), and the International Federation of Accountants (IFAC). Moving forward, RM/IC should involve a wider perspective since organizations exist as part of an open system of dynamic variables.

Trapped Cash: When Is a Dollar Not Worth a Dollar?
By Russell Engel and Bridget Lyons
More and more U.S. companies are holding cash and liquid investments in subsidiaries located outside the United States to take advantage of lower corporate tax rates. This “trapped cash” can make it difficult for analysts and investors to gain a clear financial picture of a corporation, and the U.S. loses out on tax revenue. This article outlines the current landscape, examining how companies use and report trapped cash, any potential changes to the tax code, and how investors value the cash.

How Do Nonprofits Win Foundation Grants?
By Ralph Drtina, CPA, and Kyle Meyer, CPA
In the highly competitive grant game, the difference between winning and losing can be slim. For nonprofits, small charitable foundations view financial data and the individual components of that data differently than large foundations do. By understanding which financial ratios foundations examine to determine organizational performance as well as the factors that affect the decisions of different-sized foundations, nonprofit organizations can increase their chances of receiving foundation grants and more.


Demonstrate Your Love of Humanity

Tax Court Clarifies One-Year IRA Rollover Rule

Is Non-GAAP Reporting Unethical?

ICMA Announces CMA Exam Content Changes

Military Leadership Lessons for Management Accountants

CMA in the Middle East


• Ways & Means Chairman Proposes Major Corporate Tax Reform
• Alternative Method to Safeguard Recipients of Loans Packaged in
Asset-Backed Securities
• Arthur Bartholomew, Jr., 1918-2014
• Sharing Your IMA Life
• Books: Achieving Your Big Goal
• Books: Collecting Reliable Sales Leads

Data Validation in Excel

Master Budget Project: Schedule of Cash Collections

The Rise of Crowdfunding: Social Media, Big Data, Cloud Technologies

LG G Flex, Panasonic Toughpad Phablets, Samsung Gear Fit, Nokia Treasure Tags

From Scroll to Codex to Scroll-dex

Join Today

Start receiving the value enjoyed by more than 70,000 accounting professionals worldwide. Join now.

If you are already an IMA member, please log in now.


Click here to subscribe to Strategic Finance as a nonmember.

Order Back Issues

Print copies of Strategic Finance are available for $18 for nonmembers.

Back Issues Order Form

© 1997–2014, Institute of Management Accountants, Inc.   10 Paragon Drive, Suite 1, Montvale, NJ 07645-1760   (800) 638-4427 or +1 (201) 573-9000 

Site Map  |  Site Help and FAQ  |  IMA Policies