The 43rd One Stop Update for the Accountant in Business
Enabling Future-focussed approaches to finance
The world is in a period of significant change, and many leaders are unsure how to respond. In this presentation Roger Dennis will talk about frameworks that will help you understand how to think about the future, discuss some of the fastest changing areas and show how this is impacting the world today.
We all know that we are living in a world where the pace of change is increasing at a rate never before seen in history. Fueled by exponential technologies that are doubling in capability and halving in cost every 18 months, we are all under increasing pressure to deliver results from our existing business models, and yet at the same time transform our organisations to respond to this fast paced and disruptive world. Yet, for almost all organisations, despite investing more than ever on a vast array of initiatives, and making significant gains, they are still struggling to keep up let alone get ahead. And yet a very select few have worked it out, and they are opening up a huge gap on the rest, which are getting left behind far faster than they realise. For finance, it’s becoming increasingly difficult to keep up and respond to the fast pace of change within and external to our organisations. And frustratingly, despite the promise of how new technology will finally shift us to spend less and less time looking in the rear view mirror, and more plotting the course forward for the organisation, the reality is often disappointingly different. In the midst of this complexity, a new breed of CFO is emerging. One that not only thinks exponentially, but one that is capable of mobilising their entire organisation to act exponentially, and as a result, is achieving much bigger & faster results than their competitors. Ant will share real world examples from across Australasia of how leading organisations are doing this, and how this new breed of CFO is re-establishing themselves and their teams as their organisations biggest asset.
- Upcoming changes to employment legislation.
- Dealing with workplace harassment.
- Health and safety duties in relation to contractors and sub-contractors.
- Examining the latest gains in pay equity and equal pay.
Erin Davies, Special Counsel, Meredith Connell
This session will highlight the findings from the government’s Tax Working Group and the new Coalition Government, including:
- Operational aspects of payday reporting of PAYE and on FBT for 31 May filing
- An Update into the IRD’s Business Transformation Programme and other new business tax rules
- GST developments including coverage of Australia’s low-value goods rule and its impact for NZ businesses
- Building commercial insight into decisions that affect financial performance
- Identifying the areas in the business or outside the business for innovation and growth
- Assessing investment strategies to drive performance
Plus stories of finance as a partner to the business:
Grant will discuss his thoughts on the role that finance team played to support Restaurant Brands to become one of the fastest growing and award-wining companies of 2017.
- Overview of NZ's capital rising ecosystem and its associated risks
- the banking perspective on business and industry risk
- Cashflow versus security: challenges faced by banking markets
- Encouraging you to challenge old ways to make a difference and have an impact
- Being brave enough to lead by example and inspire others to do better and think bigger
- Believing in your abilities to make a difference and learning from the experience
Join Tony as he provides insights into the geopolitical and ecnomic landscape and discusses the top key ecnomic trends and topic affecting NZ Businesses and communities:
- The global geopolitical playing field and and the political shift around the world
- Examining trade agreements and thier implications for NZ business
- Upcoming policy announcements and their impact on the economic climate
We take this year's IFRS update to the next level as the NZ XRB and PwC team discuss the accountant's practical perspective to digital currencies and their treatment under IFRS.
Jade Kennedy, Director, PwC
Owen Auger, Data Analytics Manager at Fonterra, joins us to talk about how self-service analytics can benefit finance teams
- Connecting non-financial metrics with the financials to predict forecast variables
- Accounting for PESTEL changes when considering new variables in rolling forecasts
- Refining data from non-financial sources as forecast input
- Using forecasts as basis for future capex planning
- Exploring technology to automate and streamline forecasting functions
- Enabling markets and communities to tell your business’ success stories
- Supporting the business to evolve as customers and their needs evolve
- The impact of new AML/CFT legislation on accountants
- Change vs transformation
- Developing a co-ordinated leadership approach to adoption
- Being inclusive and gaining feedback for buy in
- Key changes to the upcoming Leases standard and key areas of difference from previous standards
- Calculating future lease liability payments on the lessee and lessor balance sheet
- Examining lessor and lessee balance sheet on sale and lease-back transactions and related party transfer-pricing arrangements
- Prepping technology and systems to bring off-balance sheet leases into the financials
- Managing adoption year disclosures and subsequent year disclosures
- Manging the impact of IFRS 16 on company performance metrics
- Examine stakeholder communication under the transitory phase
- Measuring non-financial performance indicators as key input into decision-making
- Achieving optimal disclosure protocols on strategy and operational performance
- Strategising investor communication to manage multiple stakeholder expectations
- Achieving value-alignment among corporate financial goals and social accountability
- The move from Accountant to Advisor
- Understanding your audience needs and requirements
- Tips and techniques to highlight your key points and tell your story
- Approaching conversations on balancing growth with ROI with CSR
- Techniques to make communication more succinct, relevant and clear
- Cultivating your presence when presenting to executive leadership
- Key modelling tricks and tips enable ease of reach of data
- Advanced analytics with Microsoft PowerBI to understand different ways to look at your data
- Working with PowerBI desktop, mobile and other apps
- Using PowerPivot and PowerQuery to aid data manipulation
- Creating reports that allow ease of information access by several user groups
- Creating processes to remove “buffers” within budgets
- Streamlining communication channels to avoid competition for funds
- Keeping focus on organisational strategic goals
- Preparing your message for your audience: targeted, focused and succinct
- Expressing yourself with confidence, competence and clarity
- Making relationship building a habit
- Cultivating the key strategy to understanding and seeking agreement
Kiwi accountant Tracy Hickman joins the small group of people running marathons across the 7 continents including Antarctica. An accountant at heart Tracy draws comparisons to business and governance as she goes through her inspirational story and emotional, mental and physical journal training and successfully completing a few of the most gruelling races in harsh, extreme weather conditions.