Management Accountant Blog - Up-to-date with Accountancy

CIMA is a globally recoganised qualifcation so if ...

2012-01-08T07:49:27Z

CIMA is a globally recoganised qualifcation so if any CWA want to go abroad she/he should acquire this, as it will not be difficult for her/him to complete CMA as syllabus is almost same. But as far as knowledge is concerned if you study ICWAI course deeply and not just for passing the exams, you will find how deep knowledge an ICWAI student can acquire.....same with all CA/CS/CIMA/OTHER professions. Knowledgeable ICWA always been good demand in India.

Cost Controller (CoE) / Nestle / Bryanston, Gauteng, South Africa

2011-06-28T10:08:06Z

Nestle/Bryanston, Gauteng, South Africa

Provide efficient, effective and accurate costing support and advice to meet business (Corporate, Zone and factory) objectives, consistent with Nestle policies and procedures.

Key Responsibilities:

â€¢ Decision making support for Market/Region Technical and Finance management in the area of manufacturing performance and strategy
â€¢ Define factory controlling framework as directed by Market/Region Technical and Finance Management
â€¢ Co-ordination and Involvement in new product development teams â€“ costings for feasibility studies
â€¢ Ensure that the Nestle Costing Standards Guidelines and Methodologies are observed and applied consistently
â€¢ Validate and analyse financial and accounting information pertaining to the factory for Management
â€¢ Involvement with all departments in Continuous Improvements initiatives
â€¢ Supporting Corporate Controlling in decision support activities such as, what if analysis, EBA calculations etc.
â€¢ Ensure audit guidelines and Nestle Accounting policy is adhered to
â€¢ Participate at the Dynamic Forecasting process
â€¢ Co-ordinate Standard Cost Budget, Revision, Replacement costs calculations
â€¢ Variance analysis and reporting (monthly and cumulative)
â€¢ Provision of accurate and timely detailed product costing
â€¢ Validation of the results of the requested CoC processing
â€¢ Provide training and methodological support for Factory Controllers
â€¢ Co-ordinate/provide costing knowledge transfer for non-finance resources
â€¢ Provide adequate back up at factories, during periods of long absences of factory controllers / or when the need arises

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Accountants / Maxim Solutions / offshore, queensland, Australia ($100 Referral Reward)

2011-02-26T14:38:48Z

Maxim Solutions/offshore, queensland, Australia
$100 Referral Reward

openings for accountants and senior accountants with large industrial and project experience required for Australia. Salary ranges from 150000$ Australian Dollars per annum.send in your resumes immediatly

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Project Accountant / Confidential / offshore, offshore, Australia

2011-01-29T14:41:22Z

Confidential/offshore, offshore, Australia (tri-state area)

â€¢ Initial set up and ongoing maintenance of required billing data in GBS (Oracle)
â€¢ Timely and accurate invoicing consistent with contractual expectations
â€¢ Responsibility for timely collection of payments
â€¢ Reviewing set up of new projects in GBS (Oracle)
â€¢ Weekly review of project Revenue Recognition by running Exception Reports
â€¢ Produce and provide information for Monthly Corporate Reporting.
â€¢ Mapping of projects into Hyperion
â€¢ Maintenance of budget and forecast data in Hyperion

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SAP Professionals / Tata Technologies / Pune, Maharashtra, India

2011-01-29T07:48:55Z

Tata Technologies/Pune, Maharashtra, India

Greetings!!!

We are conducting a Mega Recruitment Drive For SAP Professionals On Saturday, 05th February 11 @ our Hinjawadi Office In Pune.

Please find the details as below-

Skills :: SAP ABAP, SAP SD, SAP MM/WM, SAP PP, SAP BW, SAP FICO, SAP HR

Experience :: 2 To 8 Years

Qualification ::

1. For all logistic modules (except FICO) :: BE/BTech/ME/MTech
2. For FICO :: BCom, MCom, CA, ICWA
3. For ABAP :: BE/BTech/ME/MTech/MCA/MCS

Intersted candidates can send their profiles to

Thanks & Regards,

Abhijit Indalka

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Accountants / maxim solutions / offshore, queensland, Australia ($100 Referral Reward)

2011-01-21T12:57:48Z

maxim solutions/offshore, queensland, Australia (IN)
$100 Referral Reward

urgently required accountants, senior accountants to work in australia under work visa with very lucurative pacakages.sendyour resumes.

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accountants / in australia / offshore, queensland, Australia

2010-12-20T07:00:16Z

in australia/offshore, queensland, Australia (108)

urgently required accountants to work in Australia. Work visas provided.Apply all freshers, experienced.

contact syed_asrar7@yahoo.co.in
ph:+919032543045
skype: syed.asrar17

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What RSS feed means to you

2010-09-26T10:12:00Z

RSS (most commonly expanded as Really Simple Syndication) is a family of web feed formats used to publish frequently updated works—such as blog entries, news headlines, audio, and video—in a standardized format. An RSS document (which is called a "feed", "web feed",or "channel") includes full or summarized text, plus metadata such as publishing dates and authorship. Web feeds benefit publishers by letting them syndicate content automatically.

They benefit readers who want to subscribe to timely updates from favored websites or to aggregate feeds from many sites into one place.

How do I know a website has a RSS feed ?

The publisher of the website will mention "Subscribe to the updates by RSS". See Management Accountant Blog Subscribe in a reader. Click on the link and subscribe to the RSS updates using a reader. Or else look for the feed icon on the browser where you see the web address.

What is RSS feed in simple terms ?

What readers should I use for RSS feeds I like ?

Google Reader
My Yahoo
Newsgator

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Hedging foreign exchange risk

2010-05-23T16:26:00Z

What Does Foreign-Exchange Risk Mean?

1. The risk of an investment's value changing due to changes in currency exchange rates.
2. The risk that an investor will have to close out a long or short position in a foreign currency at a loss due to an adverse movement in exchange rates. Also known as

"currency risk"

or "exchange-rate risk"

Hedging transaction risk - the internal techniques

Invoice in home currency
Leading and Lagging: It refers to the adjustment of the times of payments that are made in foreign currencies. Leading is the payment of an obligation before due date while lagging is delaying the payment of an obligation past due date. The purpose of these techniques is for the company to take advantage of expected devaluation or revaluation of the appropriate currencies. Lead and lag payments are particularly useful when forward contracts are not possible.
Matching: When a company has receipts and payments in the same foreign currency due at the same time, it can simply match them against each other
Decide to do nothing.

Other techniques

Forward Contracts

A forward exchange contract (or forward contract) is a binding obligation to buy or sell a certain amount of foreign currency at a pre-agreed rate of exchange, on a certain future date. To take out a forward contract you need to advise us of the amount, the two currencies involved, the expiry date and whether you would like to buy or sell the currency. It can be possible to build in some flexibility to allow the purchase or sale of the currency between two pre-defined dates rather than a single maturity date.

Money Market Hedges

The idea is to avoid future exchange rate uncertainty by marking the exchange at today's spot rate instead.
This is achieved by borrowing / depositing the foreign currency until the actual commercial transaction cash flow occur.
In effect a foreign currency asset is set up to match against a future liability or vice versa

Future contracts

Foreign currency futures are exchange traded forward transactions with standard contract sizes and maturity dates — for example, $1000 for next November at an agreed rate. Futures are standardized and are usually traded on an exchange created for this purpose. The average contract length is roughly 3 months. Futures contracts are usually inclusive of any interest amounts.

Currency swaps

A currency swap is a foreign-exchange agreement between two parties to exchange aspects (namely the principal and/or interest payments) of a loan in one currency for equivalent aspects of an equal in net present value loan in another currency.

Currency swaps have two main uses:

To secure cheaper debt (by borrowing at the best available rate regardless of currency and then swapping for debt in desired currency using a back-to-back-loan).
To hedge against (reduce exposure to) exchange rate fluctuations

Currency option

A contract that grants the holder the right, but not the obligation, to buy or sell currency at a specified exchange rate during a specified period of time. For this right, a premium is paid to the broker, which will vary depending on the number of contracts purchased. Currency options are one of the best ways for corporations or individuals to hedge against adverse movements in exchange rates.

Sources:

Further Reading

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Nice Reading. Thanks.
LRQA helps bring integrity, ...

2010-03-31T14:46:17Z

Nice Reading. Thanks.
LRQA helps bring integrity, independence and world-renowned recognition to your assurance claims.

Quality-ISO 9001 Training
Environmental-ISO 14001 Training
Greenhouse Emission Management Training
Food Safety Training

FICO Specialists required for Capgemini B'lore / Capgemini India / Bangalore, Bangalore, India

2010-03-31T08:18:50Z

Capgemini India/Bangalore, Bangalore, India

We are in need of SAP FICO professionals for our projects.

We are in need of professionals for across levels. You will be designated based on the experience.

The consultant should possess at least 3 yrs of SAP FICO Experience.

You will be based in Bangalore and will be working on our projects.

Interested professionals pl. me your updated CV, Present and expected CTC and lead time to join if selected.

Warm Regards.

R. Kalimuthu | Capgemini

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SAP Finance Director, Bay Area / Client of Double D Software Consulting / San Francisco, CA

2010-03-29T09:27:41Z

Client of Double D Software Consulting/San Francisco, CA

SAP Finance Director, Bay Area

A great company in San Francisco area is looking for a full-time SAP Finance Director
Required
- Solid FICO background
- Finance business process knowledge
- Solid experience working for a long time for one of well know companies in Manager or Director capacity

Only local Bay Area based candidates, no relocation.
US Citizens or Green Card holders only.If you are qualified, available, interested, planning to make a change, please email your resumes to

No third parties please.

Regards,
Julia Kozlova.

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Senior SAP FI (AA) Business Analyst / Client of Red Commerce / South of England, South of England, United Kingdom

2010-03-22T19:39:33Z

Client of Red Commerce/South of England, South of England, United Kingdom

***URGENT**** Senior SAP FI (AA) Business Analyst required for immediate start in UK. Please contact Alaister Mortlock at Red Commerce for more details
I have a excellent opportunity with a excellent Red Commerce client in the South of England. Our client is looking for a strong SAP Financials Business Analyst with excellent experience in Fixed Assets, Asset Accounting and PS (Project Accounting).The candidate MUST be qualified in Management Accountant. For the right candidate the client will interview immediately. Please contact me with your CV to discuss further.

Role
SAP FI Business Analyst.

The role is to capture and document current business functions and processes, the output from which will be used to support the introduction of an ERP based computer system. The client is looking for a senior business analyst with at least 8 years relevant experience

Duties and Responsibilities.

-Capture, document and communicate current business functions and processes (AS IS situation appraisal).
-To provide a daily progress update to the project manager.

Skills / Attributes Required.

-Demonstrable evidence of capturing, analysing and documenting business
functions and processes.
-A proven track record in Software Development.
-End to end experience of the project lifecycle.
-Proven experience interacting directly with end users.
-Results orientated.
-Good communication and interpersonal skills.

Experience in one of the following areas would be beneficial :
-Finance / Accounts,
-Procurement,
-Manufacturing.

Kind Regards

Delivery Consultant
Red Commerce Ltd
Tel: (44) 0207 107 7600
Alaister Mortlock

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SAP FICO Senior Consultant - Perth Australia / Client of Peter Klare Consulting / Perth, Perth, Australia

2010-03-22T19:20:03Z

Client of Peter Klare Consulting/Perth, Perth, Australia

SAP FICO Senior Consultant - Perth Australia
My client is a very successful SAP Implementation partner with a thriving business focussed on Perth, but with other branches elsewhere.

They would like to hire a strongly experienced FICO Consultant, who should have at least 5-6 years SAP FICO experience, and will have worked on quite a variety of smaller projects.

This group does both large and small projects, and they need someone who is able to do smaller and faster implementations, and will be composite across both FI and CO, as well as having an ability to do other module work, or cross-modular implementations

This is a great company to join, and then living in Perth is of course also great.

All they need is someone who is allowed to work in Australia, and someone who wishes to join them as a permanent resource, with lots of good work available for them.

Salary of between Au 130-150, and selective bonus paid

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SAP FICO consultants--Bangalore / Thomson Reuters / Bangalore, Karnataka, India

2010-03-22T19:13:19Z

Thomson Reuters/Bangalore, Karnataka, India

Opportunity with Thomson Reuters for SAP FICO consultants--Bangalore
Hi,

We at Thomson Reuters are recruiting for SAP FICO consultants.
If interested send your CV to Saumya Singh

Thanks,
Saumya Singh
HR--Recruitment at Thomson Reuters

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SAP PS Consultant Position in London, UK / Client of Infoplus Technologies Ltd / London, London, United Kingdom

2010-03-22T13:01:54Z

Client of Infoplus Technologies Ltd/London, London, United Kingdom

Job Opportunity - SAP PS Consultant Position in London, UK

I'm resourcing for a SAP PS Consultant Position in London, UK

Position Title: SAP PS Consultant
Duration: 6 months contract
Location: London, UK

If you are interested, please send me your updated version of your CV and provide me with the following information's:
Daily Rate:
Availability:
Interview Availability (Telephonic):
Nationality:
Visa Status:
Current Location:
Preferred Email ID:
Best number to reach you:
Total years of experience:
Relevant years of experience in SAP PS:
How Many Implementations:
Two Professional References:
And also please refer your friends for this role.

Looking forward to hear from you soon.

Thanks & Regards

Suku
Senior Recruiter
Infoplus Technologies Ltd.,

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Order to Cash: Invoicing-Order Management Financial / Client of H&A Consulting / Atlanta, GA

2010-03-22T12:54:52Z

Client of H&A Consulting/Atlanta, GA

Order to Cash: Invoicing-Order Management Financial- needed for a Big 4 : PERM JOBS. through out the USA (no sponsorship) MULTIPLE POSITIONS

This is not a technical position..it is Financial...AR/DSO, etc.

Mon-Fri travel in USA required

Basic Qualifications:

â€¢Bachelor's degree
â€¢Minimum of 3 years of experience in Finance and accounting back-office operations, e.g., AP, Order Management, AR, Collections, GL, asset management, financial reporting, management reporting, budgeting and forecasting.
â€¢At least 1 project in one or more phases (i.e., assessment, planning, design, development, implementation, and operational support) of the implementation of finance and accounting shared services centers or business process outsourcing in one of the core finance process areas (RtR, PtP, OtC)

Preferred Qualifications:
â€¢CPA, CFA, CA, MBA, CMA or experience as an accountant
â€¢Applying knowledge of regulatory compliance including Sarbanes-Oxley, IFRS, Basel II
â€¢Direct experience in creating business change using SAP, Oracle or PeopleSoft Financials
â€¢SAP, Oracle, or PeopleSoft Financials configuration, conversion or detailed process design
â€¢Experience with other major ERP packages (JD Edwards, etc)
â€¢Software selection and CRP/prototyping skill
â€¢Experience working with a management consulting firm

Apply to Deborah Levine

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Experienced SAP GRC (Governance, Risk and Compliance) Consultant / Client of Mcgregor Boyall / London, London, United Kingdom

2010-03-22T09:24:30Z

Client of Mcgregor Boyall/London, London, United Kingdom

McGregor Boyall Associates is currently looking for a Senior SAP GRC Consultant for our client in Switzerland.

There are very interesting Roll-out projects taking place with our client, which is a Global Consulting Firm and a prestigious IT Services Company.

You should have solid SAP GRC experience, specifically in Roll-out Projects, and solid experience in working from the Blueprint phase on projects up to Realization. We are looking for someone who is not afraid to take responsibility, and/or someone who may have already had his/her first experience as a Team Lead.

Fluency in English and German is a must, and French is highly desirable.

If interested, please send your profile in Word format through, as soon as possible.

*** Candidates MUST have an EU Passport as traveling across European Nations may be required.

We look forward to receiving your application!

Naty Santander

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SAP HCM & SAP FICO consultants in UK / Client of Spectrum Technologies, Inc / London, London, United Kingdom

2010-03-22T09:17:34Z

Client of Spectrum Technologies, Inc/London, London, United Kingdom

Urgent need for SAP HCM & SAP FICO consultants in UK!

Hi,

Would you personally know of any people looking for jobs in these areas in UK? or know anyone who knows anyone?

1. SAP HCM Functional Consultants
2. SAP FICO Functional Consultants

When applying please mention which position you are applying for. Only looking for UK based consultants (NO EXCEPTIONS).

Denise Pereira

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SAP FI Consultant (Russia & Ukraine Implementation Experience) / Client of EurSAP Ltd / London, London, United Kingdom

2010-03-19T12:05:02Z

Client of EurSAP Ltd/London, London, United Kingdom

SAP FI Consultant (Russia & Ukraine Implementation Experience) - English Speaking - Copenhagen (Denmark). My client in Denmark is looking for a senior SAP FI Consultant to assist them with their SAP FI Implementation for Russia and Ukraine.

Good process knowledge in all FI areas, good customising skills, interface experience, working with developers, self driven, roll out experience, previous experience with implementations in Russia and Ukraine is a must. Understand business requirements. Identify solutions. Build solutions.

English Speaking Project. Start 29th March 2010. 5 Month + Contract. Work Location: Copenhagen, Denmark.

* Candidates must possess an EU Passport or be eligible to work immediately in Denmark.

EurSAP is an SAP Specialist Recruitment Consultancy, delivering SAP Contractors across 20 European Countries.

Kind Regards

Daniel Patel

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