The global body for professional accountants

ACCA’s twice-yearly research and insights publication

EDITION 12 - MARCH 2016

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Cosmologist and physicist Professor Stephen Hawking has written that ‘Success in creating artificial intelligence would be the biggest event in human history. Unfortunately, it might also be the last, unless we learn how to avoid the risks.’

In this edition we look at the big picture - how far has the world come in developing robots, how are they being used already, and what is artificial intelligence? Continuing the technology theme, we explore how accountants are making use of SoMoClo - social media, mobile and the cloud. We investigate the new natural capital protocol that will help companies assess their environmental risk.

We also talk to senior finance professionals from around the world including deputy chief executive of the Federation of European Accountants, Hilde Blomme FCCA.

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Edition 11 - September 2015

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The oil and gas industry is facing some unprecedented challenges. But while the crash in oil prices may look like a threat to the industry, it could prove to be an opportunity for finance professionals working in the sector. While there is a debate by economists as to if or when the price will recover, there is no doubt that financial professionals have an ever more challenging role to play in the industry in the years ahead. A new ACCA state-of-the-industry report spells out key issues on the future agenda. Also in this edition, we interview best-selling Australian author and accounting historian Jane Gleeson-White. Find out why the writer of the recently published Six Capitals views accountants as potential revolutionaries with the power to save the planet.

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Edition 10 - February 2015

Regulations alone are not enough to influence ethical behaviours; this depends on improvements in governance and risk management. In the case of the London Underground, the culture at the heart of the Tube has been passed on to its users through effective enforcement of its norms and practices. Research by ACCA and the UK’s Economic and Social Research Council examines the influence of corporate culture, regulation and compliance systems in driving organisational behaviours. Its conclusions aim to give business leaders innovative guidance on the path to cultural assessment and change. We also take stock of the progress of integrated reporting one year on from the launch of the International Integrated Reporting Council’s reporting framework. Key to the adoption of IR will be encouragement and leadership and board level.

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Edition 9 - September 2014

Global businesses are painfully aware of the political turbulence affecting many parts of the world. But the resulting risks are not always obvious. The word ‘pillage’ for example, might not appear on the average risk register, yet in these days of labyrinthine supply chains, can all company directors say for sure they are not unknowingly paying for goods and materials stolen in an armed conflict? Businesses now face legal changes that have made a prosecution arising from such circumstances a real possibility. In this edition we explore what CFOs and other finance professionals need to know about how they could be exposed to charges of money laundering through handling pillaged goods. We also hear from finance professionals in Ukraine on running businesses in times of conflict.

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Edition 8 - January 2014

What do investors want from corporate reporting? Given that a modern investor might be anything from an algorithm-driven hedge fund to a shareholder activist to a pension fund, there is no single answer. But some are asking for more information about a company’s strategy, risk profile, and how it plans to create value over the long term, including through its approach to sustainability. In this edition we explore the challenges all this presents to CFOs and other finance professionals, and responses such as integrated reporting. Along the way we hear from leading players and thinkers such as Pearson CFO and chairman of the UK’s influential Hundred Group Robin Freestone and Harvard reporting expert Bob Eccles.

 

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Edition 7 - August 2013

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Issue 7 features interviews with Shell’s finance VP Paul Morshuis, BA’s CFO-turned-CEO Keith Williams and KPMG’s global chairman Michael Andrew. Economist John Kay takes a sideways look at obliquity, Jorgen Holmquist considers ethics and Signe M Spencer matches matrix skills to financial innovation. Integrated reporting, Islamic finance, the future of audit, fracking and the new world order, FX risk and the SME, the all-important tone at the top, the slowing pace of IFRS convergence – all are covered. Plus, shared services in China, governance in the GCC, SMPs in Africa, financial reporting in Poland, and much, much more.

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Edition 6 - January 2013

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Why capital markets can play a critical role in powering growth in emerging markets. How China is greening its economy. What lies ahead for the profession – 100 drivers of change. Ireland’s PM on reviving the country’s economic reputation. Unilever’s CFO on sustainability. Ex-Olympus CEO on whistleblowing. Rebuilding public trust in the profession. Outsourcing in Sri Lanka. Reporting natural capital. Carbon trading around the world. Plus, risk-balanced compensation structures, transparency in Bhutan, integrated reporting, the short-term blinkers of quarterly reporting, auditing for human rights, and more.

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EDITION 5 - JUNE 2012

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Accountants must increasingly think in terms of multiple possible scenarios and develop their agility to cope with ever shorter business cycles. These initial findings of a research project by ACCA’s Accountancy Futures Academy, covered in this edition, apply equally to anyone involved in business. The articles that follow look at what is driving these scenarios and the strategies business leaders are adopting. Former US vice president Al Gore highlights the role of financial reporting in sustainable capitalism, UK entrepreneur Sir Richard Branson describes why ‘doing good’ is good for business and Vietnam’s finance minister Professor Dr Vuong Dinh Hue looks at the role of financial infrastructure. We also look at the power of technology, diversity, and the agenda-setting interest of investors.

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EDITION 4 - OCTOBER 2011

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Accountants must increasingly think in terms of multiple possible scenarios and develop their agility to cope with ever shorter business cycles. These initial findings of a research project by ACCA’s Accountancy Futures Academy, covered in this edition, apply equally to anyone involved in business. The articles that follow look at what is driving these scenarios and the strategies business leaders are adopting. Former US vice president Al Gore highlights the role of financial reporting in sustainable capitalism, UK entrepreneur Sir Richard Branson describes why ‘doing good’ is good for business and Vietnam’s finance minister Professor Dr Vuong Dinh Hue looks at the role of financial infrastructure. We also look at the power of technology, diversity, and the agenda-setting interest of investors.

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Edition 3 - February 2011

Accountants must increasingly think in terms of multiple possible scenarios and develop their agility to cope with ever shorter business cycles. These initial findings of a research project by ACCA’s Accountancy Futures Academy, covered in this edition, apply equally to anyone involved in business. The articles that follow look at what is driving these scenarios and the strategies business leaders are adopting. Former US vice president Al Gore highlights the role of financial reporting in sustainable capitalism, UK entrepreneur Sir Richard Branson describes why ‘doing good’ is good for business and Vietnam’s finance minister Professor Dr Vuong Dinh Hue looks at the role of financial infrastructure. We also look at the power of technology, diversity, and the agenda-setting interest of investors.

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Last updated: 21 Jul 2016