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08 Nov 2011
FINANCE FUNCTIONS are not being effectively exploited in the public sector, a new CIMA report has indicated.
Central governments are prone to viewing accountants as handy for stewardship and reporting, but neglect their potential to support management and decision making, the institute found.
Further reading
Head of corporate performance management Louise Ross, said: "Many governments suffer from a shortage of high-quality finance professionals and finance functions that lack strategic influence.
"It is the role of the finance professional – and especially the management accountant – to provide information to support decision making."
Too many targets and poor decision support make it "difficult to create a robust culture of evidence-based decision making," CIMA continued, pointing to New Zealand and Singapore as examples of public sector efficiency.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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