08:00 – 08:45
China’s next 100 global giants
Fast forward five years and recent ACCA research anticipates that there are 100 emerging Chinese businesses which will form part of the global business landscape. These 100 businesses are not yet popular outside of China but they are expected to enter global markets and operate across a range of sectors and have different growth strategies. Predominantly these businesses have developed a successful business model in China and are adapting this model to markets outside China. This session looks at these emerging Chinese businesses and how they are developing into major competitors in international market.
Speaker: Andrew Atherton, professor of enterprise and deputy vice-chancellor at Lancaster University
09:00 – 09:30
IFRS – the next five years: an audience with International Accounting Standards Board chairman Hans Hoogervorst
Hoogervorst answers questions from Accounting and Business magazine editor Jo Malvern on what is coming next for International Financial Reporting Standards. Ten years after IFRS became mandatory across the European Union, and with the spread of IFRS to many countries across the world, the IASB has much to celebrate. But concerns persist and further changes and challenges lie ahead.
- What’s next for preparers of accounts in terms of new standards/projects?
- Where next for IFRS adoption – in particular, what can be expected regarding IFRS adoption in the US?
- How do you respond to the IASB’s critics in Europe and elsewhere?
- What about bigger picture financial reporting issues such as assurance over non-GAAP information, developments in integrated reporting, and answering the question increasingly being raised as to whether today's accounting/reporting is fit for purpose? What reforms could take place to make it more relevant to capital markets?
Speaker: Hans Hoogervorst, chairman, IASB
Interviewer: Jo Malvern, editor in chief, AB magazine, ACCA
10:00 – 11.00
IFRS implementation master class: IFRS 9 and IFRS 15
Two big areas of change for accounts preparers are IFRS 9, Financial Instruments, and IFRS 15, Revenue from Contracts with Customers. In this practical session our experts will take you through the main challenges, changes and things to watch out for.
Speakers: Richard Martin, head of corporate reporting, ACCA; Phil Barden, Partner, Deloitte; Peter Ujvari, Group accounting policies manager, Delhaize and member of ACCA's Global Forum on Corporate Reporting
11:00 – 12.00
Best practices in Enterprise Performance Reporting
KPMG and ACCA are working together on a global programme of research on different aspects of Enterprise Performance Management. This session shares the results of the latest research on performance reporting. The session will consider the challenges in current performance reporting processes and share insights on good practices.
Speakers: Jamie Lyon, portfolio head - business management, ACCA; and John O'Mahoney, KPMG director
12:00 – 12.45
What sets top finance functions apart?
Finance functions are moving fast as markets dramatically shift. The top performers are agile, embracing automation, shared services and outsourcing. Costs of finance as a percentage of revenue are close to 40% lower than typical businesses. Our panel of experts in this session will be looking at the big trends, at case studies, and discussing the findings of recent PwC and ACCA research reports. The session will also explore the impact of this on career paths and talent.
Speakers: Brian Furniss, partner, PwC; Jamie Lyon, portfolio head - business management; Andrew McCorkell, director in PwC's consulting practice
Chair: Chris Quick, head of ACCA media, ACCA
13:00 – 13.50
On the frontline: fighting fraud and money laundering - the future role of accountants
Money Laundering, terrorist financing and cybercrime are on the rise in the digital age. These are critical issues for the global economy, a critical issue for businesses of all sizes, for governments, regulators and other professions such as bankers and lawyers. And of course, it is also a critical issue for the accountancy profession which is often on the front line in tackling these crimes and fighting against fraud whether it be through audit, enforcing regulation, or on an individual level. This can put accountants in a risky place in a risky world, putting them in very difficult and worrying personal situations.
This debate looks at where we are now, and how the fight against fraud and money laundering will develop between now and 2020.
Speakers: Anthony Harbinson FCCA, director of justice delivery, Northern Ireland Department of Justice; Japheth Katto, corporate governance and financial services regulation consultant and ACCA council member
14:00 – 14:30
Small business CFOs: ready for growth?
This lecture presents the findings of a new report from ACCA which has collated evidence from across the world of the key role the finance function performs in fast-growing SMEs, extending far beyond its traditionally perceived auxiliary role to one of a strategic business partner that drives growth as well as enabling it.
Mirkovic will unveil the findings of her conversations with a range of SMEs worldwide that had experienced over 70% growth during a period of three consecutive years. Issues explored will include strategic internal decisions to enter new markets; acquiring technical expertise that enables the development of new products; and responses to external stimuli such as consumer demand.
Speaker: Rosana Mirkovic, head of SME policy, ACCA
15:00 – 15:20
An accountant's guide to strategy
Dr Tony Grundy visits a range of businesses including Arsenal Football Club, the 2012 Paralympic Games and Metrobank to highlight key learnings and lessons about strategy tailored for finance professionals.
Speaker: Dr Tony Grundy, independent consultant and trainer and lecturer, Henley Business School
15:30 – 16:15
Why is sales and operations planning so hard? An overview for finance professionals
We explore how organisations can optimise the decision process within sales operations and planning by applying advanced analytics for significant benefits and return on investment.
Most organisations manage the sales and operational planning (S&OP) process using a collection of manual activities supported by disconnected spreadsheets, supply chain management and enterprise resource planning software. The result is error-prone processes and long planning cycles that consume too much staff time without providing an integrated view of supply and demand and the impact on financial outcomes.
Today S&OP has captured much attention as a result of the globalisation of the supply chain and the dual requirements of meeting customer demand and providing optimal operational efficiency. Now your organisation can optimise the decision process within sales operations & planning by applying advanced and prescriptive analytics for significant benefits and return on investment.
These models give demand planners the ability to drive to a consensus demand plan, the supply chain planners the capability to drive to optimised supply and production plans, and financial planners the ability to immediately review the financial impact of operational decisions.
Speaker: David Morton, FPM lead, IBM
16:00 – 16:15
ACCA stories: managing the Rugby World Cup
When Steve Brown left school, he wanted to be a rock star and started a band. But when the records didn't sell, he set his sights on a career in finance, and started training as an accountant while working at the NHS. After building his career in healthcare finance he grabbed an opportunity to enter the sports world, becoming CFO of England’s Rugby Football Union in 2011, and this year stepping up to run one of the world’s largest sports tournaments.
Speaker: Steve Brown FCCA, managing director of England Rugby 2015