CFOs Need to Rethink How They Measure the Health of Their Companies

CIMA and AICPA conducted a global survey, sponsored by Oracle, of senior finance professionals and other managers across different industries. The survey was answered by 744 respondents in 34 countries: 37 percent were in EMEA (Europe, Middle East & Africa) countries excluding the UK, 27 percent in the USA or Canada, 14 percent were in BRIC countries (Brazil, Russia, India, China); 12 percent in the UK, 7 percent in APAC (Asia-Pacific) countries and 3 percent in Latin America excluding Brazil.

Most respondents were in senior finance roles but 5 percent were COOs and 21 percent were in other senior roles.

Respondents were from a good spread of businesses by size with approximately 20 percent being from each of the following turnover bands: $100m-$250m (20 percent), $250m-$500m (22 percent), $500-$1bn (18 percent), $1bn-$5bn (21 percent) and $5bn+ (19 percent).

About the Chartered Global Management Accountant (CGMA)

Two of the world’s most prestigious accounting bodies, AICPA and CIMA, have formed a joint-venture to establish the Chartered Global Management Accountant (CGMA) designation to elevate the profession of management accounting. The designation recognizes the most talented and committed management accountants with the discipline and skill to drive strong business performance. Currently, more than 150,000 management accountants worldwide hold the CGMA designation.

About the Chartered Institute of Management Accountants (CIMA)

The Chartered Institute of Management Accountants, founded in 1919, is the world’s leading and largest professional body of Management Accountants, with more than 227,000 members and students operating in 179 countries, working at the heart of business. CIMA members and students work in industry, commerce, the public sector and not-for-profit organizations.

The American Institute of CPAs (AICPA) is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.