Thinking

Here you’ll find our opinions, viewpoints and rants. But don’t forget to add your comments – good or bad – on anything you like or loathe. We value your feedback.

Don’t Trust Your Instinct: The Perils of Thinking Fast
Posted on:

I’m very pleased to welcome a guest blog post, written today by Julia Biedry. As a keen fan of Daniel Kahneman’s work, Julia has chosen to delve a bit into the psychology behind important business decisions…

OLYMPUS DIGITAL CAMERA

From grade school up …

Read More
The ‘F Word’ & Smart Data Analytics
Posted on:

 

The 'F Word' and Smart Data Analytics

The ‘F Word’ is enough to get people quite agitated in any discussion. Particularly when it relates to our business processes . . .Yep, I’m talking about Fraud.

We all know it happens, but not in our companies. …

Read More
5 Opportunities: Financial Control Best Practice with COSO 2013
Posted on:

 

This is an excerpt from a recent white paper:

“The recent 2013 update of the Internal Control Framework issued by the COSO was a major event followed by standard setters and publicly held companies. The original COSO framework …

Read More
Leading Indicators plus KPIs will increase Finance productivity by 20%
Posted on:

 

Leading Indicators and Key Exception Indicators are key tools in optimising finance processes. Gartner’s latest research supports this and even makes the bold claim that predictive business performance measures will help drive productivity by 20 percent by 2017. According …

Read More
BMW Group: Leadership Lessons in Financial Risk Management
Posted on:

BMW Group is one of the largest car manufacturers and arguably the most successful and esteemed car maker in the world. With the BMW, MINI and Rolls-Royce brand, it possesses three of the strongest premium labels in the automotive industry. …

Read More
What is "World Class" Finance?
Posted on:

“The pessimist complains about the wind. The optimist expects it to change. The leader adjusts the sails.” a quote that probably describes best organisations’ efforts to achieve world class finance.”
…

Read More
Enron – Making a drama out of an accounting crisis!
Posted on:

I am very pleased to welcome a guest blog post today from Irina Predescu. Irina graduated from London School of Economics last year and has since immersed herself in the world of business risk, financial control, finance processes and compliance. …

Read More
Fraud, ‘Smart Guys’ and ‘Better Than Average’
Posted on:

I was skiing the weekend before last in the Swiss Alps and as luck would have it, a rather interesting conversation developed on a chair lift. A pretty long lift as it happened . . .

The only other person …

Read More
Accounting Regulation Reducing Fraud, Really?
Posted on:

An article in CFO magazine today announced the opinion that the US ‘Jumpstart Our Business Startups’ (JOBS) Act, whilst easing the Sarbanes-Oxley (SOX, Sarbox) standards, might pave the way for fraud. You can read the article here . . . …

Read More
Will it make the boat go faster?
Posted on:

I had a interesting chat with a friend the other day, where he recounted this quote from a world record beating sailor (I forget the name, but it is not critical to the story).

With any new suggestion for additional …

Read More