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Financial management Web site opens: the AICPA creates a hub for members in business and industry to connect with colleagues, keep current on business ideas and access tools and research.


The AICPA AICPA

See American Institute of Certified Public Accountants (AICPA).
 is committed to supporting its members in business and industry, and therefore, the Financial Management Center has been created with the needs of these members in mind. Financial executives' and financial managers' responsibilities are vast and cannot be neatly described through titles. Human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees.  issues, corporate governance Corporate Governance

The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law.
, organization vision and direction, along with traditional financial responsibilities, all fall within the financial executive's role in an organization. "As management concepts and practices continue to evolve, so will the Financial Management Center--all in the spirit of supporting our members to grow the beans See JavaBeans.  of their companies, organizations and governments," said John F. Morrow mor·row  
n.
1. The following day: resolved to set out on the morrow.

2. The time immediately subsequent to a particular event.

3. Archaic The morning.
, CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. , AICPA vice-president, new finance.

The center's objective is to help our members retool re·tool  
v. re·tooled, re·tool·ing, re·tools

v.tr.
1. To fit out (a factory, for example) with a new set of machinery and tools for making a different product.

2.
 and continuously develop new skills to meet the demands of their expanding roles as strategic business partners and advisers in their organizations. The educational content focuses not only on traditional accounting knowledge, but also includes the new finance, a term created by the AICPA to define the management of process, technology and resources--all areas of interest for CPAs who practice in companies, not-for-profit Not-for-profit

An organization established for charitable, humanitarian, or educational purposes that is exempt from some taxes and in which no one in profits or losses.
 organizations and governments across the country. The new finance encompasses subjects such as shareholder value creation, capacity management, competitive intelligence, just-in-time production systems and value-chain analysis.

"We have worked hard to increase the value propositions for our members in business and industry, and the Financial Management Center does just that," says Stuart Benton, CPA, chairman of the Business & Industry Executive Committee. "It creates a stopping point on the Web where CPAs in business and industry can find research tools, guidance and reference materials. Furthermore, the center starts to create a sense of community for this very diverse group of CPAs."

We welcome your comments and thoughts about the center as well as suggestions on the kind of information you need from us to help you perform optimally in your organization. Please feel free to write to us at fmcenter@aicpa.org.

Visit the Financial Management Center: www.aicpa.org/ fmcenter.

WHAT IT IS

The Financial Management Center is a Web site that provides organization decision makers, financial executives and financial management professionals with a wide variety of resources, tools and information about financial and management accounting, including the traditional areas of reporting, audit and tax, in one convenient location. The Financial Management Center was designed primarily for those practicing the profession in business and industry; however, others also will find the resources helpful when accessing the center at www.aicpa.org/fmcenter.

The mission of the Financial Management Center is to

* Provide financial executives and their organizations with the tools and resources they need to move their organizations forward.

* Serve as a comprehensive, top-of-mind resource for financial executives and managers.

* Create a community resource where financial executives and financial managers can exchange ideas, discuss issues and connect with others sharing similar challenges in their organizations.

WHAT IT OFFERS

Six tabs conveniently organize the information.

Home. This is the front door to the site. Use the search engine. Look for spotlights on important events or alerts on pertinent PERTINENT, evidence. Those facts which tend to prove the allegations of the party offering them, are called pertinent; those which have no such tendency are called impertinent, 8 Toull. n. 22. By pertinent is also meant that which belongs. Willes, 319.  news. Select tabs for more specific information.

Resources. Access the research tools, practice aids, specialized spe·cial·ize  
v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es

v.intr.
1. To pursue a special activity, occupation, or field of study.

2.
 guidance, the Competency COMPETENCY, evidence. The legal fitness or ability of a witness to be heard on the trial of a cause. This term is also applied to written or other evidence which may be legally given on such trial, as, depositions, letters, account-books, and the like.
     2.
 Assessment Tool (CAT) and other reference materials you need from one central location.

Community. Learn about emerging issues and how they are affecting your peers. Connect and discuss. Locate a committee member here.

Events. A convenient listing of relevant conferences and webcasts for our members in business and industry to help you keep on top of what is happening.

Products. Find products and tools you need.

Membership. Learn the benefits of AICPA membership.
COPYRIGHT 2005 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Journal of Accountancy
Date:Nov 1, 2005
Words:598
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