Finance directors positive about the future

17 October 2008 In Accountancy

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Finance directors positive about the future According to a study from the Chartered Institute of Management Accountants (Cima), three quarters of finance directors are planning to increase or maintain training budgets.

The study also found that around 75 per cent of firms will maintain or increase spending on marketing and capital expenditure.

Only six per cent of finance directors surveyed said that they were "very worried" about their company's ability to weather the economic storm, compared to the 73 per cent who were positive about their company's future.

Cima chief executive Charles Tilley said: "While unprecedented events have unfolded since this survey was undertaken in mid-September, it is clear our members are determined to use their robust financial skills to manage the short term survival of their businesses while keeping an eye on the medium term."

Meanwhile, the ifs School of Finance has said that financial education will help rebuild trust and confidence in the financial services industry.

In a statement released this week, the organisation proposed education was necessary for all areas of the sector, including consumers, staff, financial managers and industry leaders.

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