Resources & Publications

February 2012
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Individual Articles

Strategic Risk Management at the LEGO Group
By Mark L. Frigo, CMA, CPA, and Hans Læssøe
The LEGO Group has developed strategic risk management in four steps. Traditional ERM (enterprise risk management) was supplemented by explicit handling of strategic risks, and Monte Carlo simulations were added to understand volatility. Active risk and opportunity planning (AROP) became part of preparing the business case for projects, and scenario testing of plausible futures completed the overall plan.


Making Information Work for You
By Delwyn D. DeVries, CPA, CISA, and Tanya Lee
Are you using information effectively? The explosion of available data can benefit you if you carefully consider your process for providing actionable information. Results from a recent survey of manufacturing and marketing managers show five key questions to promote more effective information delivery. By answering them, you can help ensure that your company is ready to solve the right problems.


2012: Another Year of Uncertainty?
By Ramona Dzinkowski
Three reasons make financial uncertainty likely in 2012. Regulatory changes such as the adoption of International Financial Reporting Standards (IFRS) in America and the reintroduction of the Companies Bill in India will create regulatory confusion. Political and fiscal instability in both the United States and the European Union will produce global volatility, as will the currency fluctuations and inflationary pressures in emerging economies.


Out of Africa: Managing Risk in Global Business
By Jenice Prather-Kinsey, CPA, and Patrick Wheeler, CPA, CITP
As the African continent joins the BRIC (Brazil, Russia, India, and China) nations as an investment destination, investors require more information about national culture, especially as it affects strategy, financial statements, account misstatement risk, and implementing internal controls. Using Geert Hofstede’s scoring system that measures cultural differences, this study reviews differences between various African locations concerning enterprise risk management (ERM).

Columns

PERSPECTIVES
Attributes of a Winner


TAXES
Benefit Update


ETHICS
Olympus Scandal Shows Need for U.S. Standards


CAREERS
Effective Learning and Development Programs Are Crucial


FINANCIAL REPORTING
Impairment of Sovereign-Debt Investments


CERTIFICATION
Integrity and the CMA Program


SMALL BUSINESS
A Voice for Small Businesses


IMA LIFE
A CMA via Self-Study

Departments

SF BULLETIN
• Business Groups Argue FSOC Casts SIFI Net Too Wide
• IRS Commissioner Making Changes in Big Company Audits
• ACCA/IMA Survey: Global Trade Drying Up
• Books: Fundamentals for Great Leaders


EXCEL
Counting Values within a Range


ACCESS
Master Budget Project: Append Query


TOOLS OF THE TRADE
Acer Aspire S5, Nokia Lumia 900, SolarFocus Kindle Cover, Epson DS-30 Color Scanner


TECH FORUM
Opening the Crowdfunding Release Valves


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