The 47th One Stop Update for the Accountant in Business

Rebooting in a post-COVID economy

Wellington

8.30
Registration and coffee
8:50
Opening remarks from the Chair
Simon Moor, Managing Partner, Rival Accounting
9.00
Global economic update: Trends and shifts and the impact it is having on New Zealand’s business landscape

The Covid-19 outbreak had a significant impact on the global economy. This session provides a picture of the global economic downturn and what this has resulted for New Zealand trade.

  • Shifting epicentres and instant lockdowns in countries that experienced vast (community) transmission quickly – what were the long-term and short-term effects this has had on local economies?
  • Discussing the shock to the global supply chain and its subsequent effect on supply
  • Understanding how reduced to no travel has impacted the contribution tourism has to an economy and GDP – what are the short-term solutions to mitigate this?
Stephen Jacobi, Executive Director, New Zealand International Business Forum
9.50
One Stop Employment Law Update: Keeping on top of Employment Law changes and obligations
  • Key employment law issues arising from the COVID 19 crisis – what are they and how do they differ from business as usual conditions in comparison to the context of this crisis
  • Understanding employee rights and entitlements under the Health and Safety at Work Act (2015)
  • Modifying or terminating employment agreements due to unforeseen events and crises in the workplace
  • Supporting employees unable to perform due to medical incapacity, bereavement leave, domestic violence leave and/or are at risk individuals
  • Keeping on top of leave allocations – what do accounting and finance professionals need to know?
  • Shifting towards contract work opportunities within organisations, what are they?
Olivia Lund, Partner, Duncan Cotterill
10.30
Morning break
11.00
Business resilience and risk management in New Zealand | Lessons learnt from an unprecedented time – the COVID-19 outbreak
  • Shaping business models and operations to survive a crisis – Are New Zealand businesses better prepared for a similar situation in the future? What will this do to risk appetite?
  • Diving deeper to establish a stronger business continuity planning model
    • Discussing some of the new elements that businesses now need to consider as part of their business continuity planning, which they were not aware of before
  • Understanding the roles different stakeholders and business partners in a business play during an unforeseen situation
    • The impact this has on the business supply chain
Chris Peace, Lecturer - OSH, Victoria University of Wellington & Managing Director, Risk Management
11.30
One Stop Tax Update: Preparing for the remaining financial year and end of year tax reporting requirements

This session is designed to provide an overview of the tax changes that have come into play due to the pandemic and what this might mean for businesses when it comes to tax reporting, including:

  • Explaining the key practical issues to be aware of arising from the latest Inland Revenue rulings, determinations and discretions granted
  • Learning about tax issues and changes that businesses need to be aware as a result of the COVID-19 tax relief measures introduced by the Government
  • Touching on aspects of Business Transformation and Inland Revenue’s compliance approach
  • Reviewing progress on the Government’s tax policy proposals (e.g. land issues, feasibility expenditure and R&D) and looking ahead to what is on the short-term horizon
  • What can be expected on this front from the elected Government?
Robyn Walker, Partner, Deloitte
Emma Marr, Associate Director - Tax and Private, Deloitte New Zealand
12.20
Lunch break
1.20
Exploring the implications of adopting IFRS16 Leases
  • Examining IFRS16 transition methods and their impact on business processes
  • Addressing the negativity around IFRS16Leveraging IFRS16 to enhance transparency and coherency in financial reporting
  • Looking into the impact of IFRS16 on business processes for lessees and lessors
  • Reviewing the key business requirements for adopting IFRS16
Renu Thomas, Group Reporting Manager, Chorus NZ
2.00
Embedding a transparent and collaborative culture that helps your team succeed
  • Helping your team keep a positive mindset through uncertain times
    • Tips for leaders in making their team feel at ease
  • Highlighting the role, a collaborative culture mindset can play when working with other teams
  • Driving a transformative culture in your team that aligns with the business brand
  • Illustrating what success looks like for your wider team – how can teams collaborate and deliver to ensure the business comes out strong
  • Encouraging teamwork and behaviour that adhere to the company-wide culture
Matthew Needham, Deputy Chief Executive Finance, Kāinga Ora
2.40
One Stop Technology Update: Showcasing the digital transformation that has occurred in the last 6-months and what can be expected in the (near) future for NZ businesses

New Zealand’s lockdown pushed New Zealand businesses to adopt technological solutions as necessary to stay connected and operate from their new work environments. This has allowed businesses to not only see the value in investing in technology for their operations but has allowed teams a new mode to collaborate and deliver KPIs.

  • Automating tasks and operations where possible – highlighting the key takeaways from the lockdown
  • Learning how to adequately balance human and technological resources in the business
  • Re-thinking the business model with technology adoption
James Dickinson, Director and CIO, Unisphere Solutions
3.20
Afternoon break
3.50
Cashflow management and working capital | The role accountants play in helping the organisation optimise their money
  • Creating short-term projections to keep on top of cash flow for organisations – understanding the detail required working in the ‘new normal’ and how this differs from previous projections
  • Branching out and innovating using assets on hand to keep revenue flowing to combat lost revenue from non-paying customers
    • Keeping on top of renewed demand for products and services
    • Redeploying assets and using them to create ‘out of the box’ products and services to create a new stream of revenue
  • Staying up to date with relief provided by Inland Revenue
    • Is late payment, without a penalty on payment or no interest accrued still an option for your business?
  • Stepping into the unknown – is collaborating with your competitors an option to keep cash flow rolling?
Josh Taylor, Co-Founder/Director, Tax Traders
4.20
Wellbeing keynote: A guide to fostering a work environment that works for you and your mental well-being
  • The art of fostering a continuous improvement mindset in your day-to-day job
    • The key challenges people leaders have faced in helping with their staff’s wellbeing during lockdown – tips to better prepare for the future
  • Strategising to keep calm during uncertain times – how can you stay positive and productive in such circumstances
  • Cultivating wellbeing and resilience as an individual to prevent burnout in the workplace
  • Learning how to effectively manage work-life balance
  • Working with your manager to look into options available to you, that helps you achieve the most out of your day – for example, the ability to work flexible hours
Paul Robertson, Director of Health, Safety & Wellbeing, Massey University
5.00
Summary remarks from the Chair & Networking Drinks
Simon Moor, Managing Partner, Rival Accounting
9.10
Local economic: The New Zealand business and trade outlook in overcoming a recession
  • Analysing our economic environment – discussing the significant changes that have occurred in the last two quarters and what can be expected in the remaining financial year?
  • One month on from the general election – the challenge that lies ahead for the Government
    • How can the Government help rebuild the economy whilst tending to the needs of the workforce?
  • Providing insight into what can be expected for the New Zealand business landscape in the remainder of the financial year
Tony Alexander, Independent Economist
9.50
One Stop XRB update: Financial reporting in a post covid-19 environment
  • The response from accounting standard-setters in New Zealand and internationally
  • Spotlight on going concern disclosures
  • Other important disclosures during periods of increased uncertainty
  • Current accounting standards in development
Gali Slyuzberg, Project Manager, External Reporting Board
Anthony Heffernan, Director of Accounting Standards, External Reporting Board
10.30
Morning break
11.00
Understanding agile and the impact on finance teams
  • Reforecasting frequently to incorporate new information
  • Supporting a top-down & bottom-up process for strategic goal setting
  • Embedding an agility mindset and helping finance teams to be flexible in their work environments
  • Increasing decision velocity
Pete Tansey, Agile Executive Advisor, agileCoLab
11.40
Masterclass: Analysing and visualising data with PowerBI and Excel
  • Designing an effective dashboard – implementing the reports crucial to all stakeholders involved
    • Streamlining reports that are more necessary than ever in a post-covid landscape
  • Sharing tips on effective modelling
  • Integrating PowerBI with other Microsoft tools
  • Protecting your data on PowerBI whilst allowing collaboration – how can this be achieved?

BYOD

Allison Kennedy, Trainer, Ace Training
12.40
Lunch break
1.40
Deep dive session: Holidays Act – common issues and complexities
  • Breaking down the critical components that need to be taken into consideration in relation to the Holidays Act
  • The Holidays Act review – current status and possible implications
  • Providing clarity around any changes that may be coming into effect in 2020
Andrea Pazin, Senior Associate, Bell Gully
2.20
Risk assessment in a highly volatile business landscape | An insight into how accountants can prepare
  • Conducting a thorough risk assessment of business operations within the sector locally (and globally)
  • Identifying immediate measures to mitigate potential impacts
Analisa Elstob, Operational Advisory, Grant Thornton
3.00
Afternoon break
3.30
Panel: Defining the ‘modern accountant’ | Future-proofing your accounting and finance team
  • Defining the characteristics and (creative) skillset for the modern accountant – what are organisations looking for in their accounting and finance team?
  • Building a ‘personal brand’ for young accounting and finance professionals
    • Tips on becoming a resilient accountant – what characteristics count in times of crisis
  • Balancing the soft skills and technical skills – a look at upskilling and professional development for young accountants
  • Providing growth opportunities for the younger accountants – information on how accountants can upskill, grow, and contribute in other areas of the business to prepare for uncertain times
Jason Bull, Chief Financial Officer, Vital Ltd
Dr Carolyn Fowler, Head of School – School of Accounting and Commercial Law, Victoria University of Wellington
Theresa Kim, General Manager Finance Shared Services, New Zealand Post
4.00
Financial innovation: business transformation post a pandemic recession
  • Assessing a company’s financial position – identifying immediate actions to keep the company afloat
    • Using innovation as a strategy to overcome the financial stress businesses are feeling in a post covid-19 landscape
  • Discussing investment strategies that can be implemented
  • Taking charge as a leader to help the company and its employees succeed in times of crisis
Jason Bull, Chief Financial Officer, Vital Ltd
4.40
Closing remarks from the Chair and end of Conference
Simon Moor, Managing Partner, Rival Accounting
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