If you are visually impaired or blind, you can visit the PDF version by Pressing CONTROL + ALT + 4
<br /> ISSUE 248<br /> NOVEMBER 2016<br /> ICAEW.COM/<br /> FMFAC<br /> BACK TO SCHOOL<br /> INNOVATIONS IN<br /> THE BUSINESS<br /> TRAINING WORLD<br /> BIG GAINS<br /> HOW TO EXCEL<br /> IN COST<br /> OPTIMISATION<br /> RETAIL REVIVAL<br /> How digital is helping the high street evolve<br /> A FACULTY MEMBERSHIP PUBLICATION<br /> It's a beautiful<br /> thing when payments<br /> are painless.<br /> Payments that<br /> innovate with you.<br /> +44 (0)20 7122 0917<br /> eusalessupport@braintreepayments.com www.braintreepayments.com<br /> Contents<br /> Issue 248<br /> November 2016<br /> IN THE REST<br /> OF THE ISSUE...<br /> 04 Editor's letter<br /> 05 News<br /> World finance roundup<br /> 06 Events<br /> Faculty and ICAEW events<br /> and webinars<br /> 07 Perfect timing<br /> Rachel Maguire outlines how to<br /> achieve be<a title="Finance &amp; Management NOVEMBER 16 page 1" href="http://viewer.zmags.com/publication/55d211a2?page=1"> ISSUE 248 NOVEMBER 2016 ICAEW.COM/ FMFAC BACK T</a> <a title="Finance &amp; Management NOVEMBER 16 page 2" href="http://viewer.zmags.com/publication/55d211a2?page=2"> It's a beautiful thing when payments are pai</a> <a title="Finance &amp; Management NOVEMBER 16 page 3" href="http://viewer.zmags.com/publication/55d211a2?page=3"> Contents Issue 248 November 2016 IN THE REST OF</a> <a title="Finance &amp; Management NOVEMBER 16 page 4" href="http://viewer.zmags.com/publication/55d211a2?page=4"> WELCOME What's in a name? We all like cert</a> <a title="Finance &amp; Management NOVEMBER 16 page 5" href="http://viewer.zmags.com/publication/55d211a2?page=5"> NEWS & EVENTS News ALL WORK AND</a> <a title="Finance &amp; Management NOVEMBER 16 page 6" href="http://viewer.zmags.com/publication/55d211a2?page=6"> Events In partnership w</a> <a title="Finance &amp; Management NOVEMBER 16 page 7" href="http://viewer.zmags.com/publication/55d211a2?page=7"> TIME MANAGEMENT Don't waste your time Time is </a> <a title="Finance &amp; Management NOVEMBER 16 page 8" href="http://viewer.zmags.com/publication/55d211a2?page=8"> SEEKING OUT A NEW ROUTE Tanya Menon and Leigh Tho</a> <a title="Finance &amp; Management NOVEMBER 16 page 9" href="http://viewer.zmags.com/publication/55d211a2?page=9"> TOP TIPS 2 THE WINNER'S TRAP Many gre</a> <a title="Finance &amp; Management NOVEMBER 16 page 10" href="http://viewer.zmags.com/publication/55d211a2?page=10"> WORK HARD, TRAIN HARDER Recent developments in st</a> <a title="Finance &amp; Management NOVEMBER 16 page 11" href="http://viewer.zmags.com/publication/55d211a2?page=11"> TRAINING M ost of us have experienced good an</a> <a title="Finance &amp; Management NOVEMBER 16 page 12" href="http://viewer.zmags.com/publication/55d211a2?page=12"> “We're seeing far more alignment of learning to b</a> <a title="Finance &amp; Management NOVEMBER 16 page 13" href="http://viewer.zmags.com/publication/55d211a2?page=13"> GOVERNANCE A DECREE FROM ON HIGH With a han</a> <a title="Finance &amp; Management NOVEMBER 16 page 14" href="http://viewer.zmags.com/publication/55d211a2?page=14"> MARCUS BUTT/IKON Corporate Governance Code (the </a> <a title="Finance &amp; Management NOVEMBER 16 page 15" href="http://viewer.zmags.com/publication/55d211a2?page=15"> GOVERNANCE of legislators and regulators t</a> <a title="Finance &amp; Management NOVEMBER 16 page 16" href="http://viewer.zmags.com/publication/55d211a2?page=16"> WHAT IS THE DIFFERENCE BETWEEN BREAKING A SWEAT, </a> <a title="Finance &amp; Management NOVEMBER 16 page 17" href="http://viewer.zmags.com/publication/55d211a2?page=17"> SPONSORED FEATURE How do you dr</a> <a title="Finance &amp; Management NOVEMBER 16 page 18" href="http://viewer.zmags.com/publication/55d211a2?page=18"> TRADING PLACES The retail sector has had a tough </a> <a title="Finance &amp; Management NOVEMBER 16 page 19" href="http://viewer.zmags.com/publication/55d211a2?page=19"> COVER STORY The butcher, the baker, the candles</a> <a title="Finance &amp; Management NOVEMBER 16 page 20" href="http://viewer.zmags.com/publication/55d211a2?page=20"> “There will be losers, but there will also be win</a> <a title="Finance &amp; Management NOVEMBER 16 page 21" href="http://viewer.zmags.com/publication/55d211a2?page=21"> COVER STORY the quality of its service or ex</a> <a title="Finance &amp; Management NOVEMBER 16 page 22" href="http://viewer.zmags.com/publication/55d211a2?page=22"> Successful retailers of the future will blur the </a> <a title="Finance &amp; Management NOVEMBER 16 page 23" href="http://viewer.zmags.com/publication/55d211a2?page=23"> COVER STORY OMNICHANNEL OFFERINGS Most of the</a> <a title="Finance &amp; Management NOVEMBER 16 page 24" href="http://viewer.zmags.com/publication/55d211a2?page=24"> DOING MORE WITH LESS Due to the challenges 2016 h</a> <a title="Finance &amp; Management NOVEMBER 16 page 25" href="http://viewer.zmags.com/publication/55d211a2?page=25"> COST O P TI M I SAT ON I FIG 2: THE WOR LD CLA </a> <a title="Finance &amp; Management NOVEMBER 16 page 26" href="http://viewer.zmags.com/publication/55d211a2?page=26"> </a> <a title="Finance &amp; Management NOVEMBER 16 page 27" href="http://viewer.zmags.com/publication/55d211a2?page=27"> </a> <a title="Finance &amp; Management NOVEMBER 16 page 28" href="http://viewer.zmags.com/publication/55d211a2?page=28"> ON THE CUSP OF CHANGE Leaders who are able to emb</a> <a title="Finance &amp; Management NOVEMBER 16 page 29" href="http://viewer.zmags.com/publication/55d211a2?page=29"> SPONSORED CONTENT PHOTOGRAPHY: SEAN EBSWORTH BAR</a> <a title="Finance &amp; Management NOVEMBER 16 page 30" href="http://viewer.zmags.com/publication/55d211a2?page=30"> From the faculties Keep in touch with our select</a> <a title="Finance &amp; Management NOVEMBER 16 page 31" href="http://viewer.zmags.com/publication/55d211a2?page=31"> UPDATES Technical updates Our regular roundup of</a> <a title="Finance &amp; Management NOVEMBER 16 page 32" href="http://viewer.zmags.com/publication/55d211a2?page=32"> EMPLOYMENT LAW This section is summarised from th</a> <a title="Finance &amp; Management NOVEMBER 16 page 33" href="http://viewer.zmags.com/publication/55d211a2?page=33"> UPDATES EFRAG PU</a> <a title="Finance &amp; Management NOVEMBER 16 page 34" href="http://viewer.zmags.com/publication/55d211a2?page=34"> On a lighter note IN TWO TRILLION GA</a> <a title="Finance &amp; Management NOVEMBER 16 page 35" href="http://viewer.zmags.com/publication/55d211a2?page=35"> news and views. economia online has all the news </a> <a title="Finance &amp; Management NOVEMBER 16 page 36" href="http://viewer.zmags.com/publication/55d211a2?page=36"> THE ICAEW puts you in the driving seat </a>