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Institute Of Management Consultants
The Institute of Consulting (IC) is the professional body for consultants and business advisers in the United Kingdom. It replaced the former Institute of Business Consulting (IBC) in January 2011, which was itself formed as the merger of two predecessor bodies, the Institute of Management Consultants (IMC) and the Institute of Business Advisors (IBA). The Institute of Consulting is an organisation within the Chartered Management Institute (CMI). The IC offers several grades of membership, qualifications, training and awards as well as a range of tools and resource to support members. The institute also operates an accreditation process for its members. History During a conference held in Paris during the 1950s, the Big Four consultancy companies at that time agreed to form the Management Consultancies Association. This was developed further into a professional institute and the Institute of Management Consultants came into being in 1962. Having changed its name during the 1990s ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ...
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Chartered Management Institute
The Chartered Management Institute (CMI) is a professional institution for management based in the United Kingdom. The major membership classes are ''Member'', ''Fellow'' - for those with significant expertise - and ''Companion'' - the most senior grade. In addition to supporting its members, the organisation encourages management development, carries out research, produces a wide variety of publications on management interests, and publishes the official members' magazine, '' Professional Manager''. The institute also engages with government and other public bodies concerning policy on management and business related issues. ''Professional Manager'' magazine is circulated to over 80,000 members of the CMI. Chartered Manager (CMgr) The Chartered Manager process requires candidates to demonstrate how they have developed as a manager and how they have applied their leadership and management skills to achieve significant business impact. There are two routes to becoming Chart ...
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Big Four Accounting Firms
The Big Four are the four largest professional services networks in the world, the global accounting networks Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers (PwC). The four are often grouped because they are comparable in size relative to the rest of the market, both in terms of revenue and workforce; they are considered equal in their ability to provide a wide scope of professional services to their clients; and, among those looking to start a career in professional services, particularly accounting, they are considered equally attractive networks to work in, because of the frequency with which these firms engage with ''Fortune'' 500 companies. The Big Four each offer audit, assurance, taxation, management consulting, actuarial, corporate finance, and legal services to their clients. A significant majority of the audits of public companies, as well as many audits of private companies, are conducted by these four networks. Until the late 20th century, the mark ...
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Financial Crisis Of 2007–2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability a ...
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Certified Management Consultant
"Certified management consultant" (CMC) is an international professional certification established in 1967 for management consulting professionals, awarded by institutes in 50 countries (as of February 2014). The CMC enjoys global reciprocity; consultants certified in one country are recognized in most other countries. The standards for CMC in technical competencies and professional conduct were developed by international associations; in the US, such an organization is the Institute of Management Consultants USA, and internationally, The International Council of Management Consulting Institutes (ICMCI). Criteria for joining the CMC title Consultants awarded the CMC designation have demonstrated the following: *Minimum of a Bachelor's degree from a recognized university. *Master's degree in business administration or other master's degree in management or management consulting or pass qualifying exams in business related subjects. *Three or more (depending on country) years of ex ...
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Business And Finance Professional Associations
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being subject to corporate tax rates. A corporation is more complicated a ...
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