Accounting – connecting you and your future my story
Mike Sewell  Current professional roles  <ul><li>Director – Market Gap Investments Pty Ltd </li></ul><ul><li>Chair – Centr...
Where I’ve worked <ul><li>22 years with Westpac – various roles </li></ul><ul><li>3 years with Skilltech Consulting Servic...
Where I’ve studied <ul><li>Degree through Deakin studied part time 1983-1988 </li></ul><ul><li>Started CPA 1989 – stopped ...
Things that worked <ul><li>Qualifications  - both academic and professional </li></ul><ul><li>Convert knowledge into pract...
Importance of accounting <ul><li>Cash flow is lifeblood of every business </li></ul><ul><li>Discipline of management accou...
A growth trajectory
A story in numbers – synergy happens 10.8% 7.1% 6.8% 6.0% Margin $920 $550 $135 $360 Operating profit 36.5% 32.3% 30.0% 33...
Things I’d do differently <ul><li>Professional qualification earlier </li></ul><ul><li>Watch the business cycle – calculat...
Sigmoid curve
Importance of CPA <ul><li>Entry ticket to roles </li></ul><ul><li>Start of further professional development </li></ul><ul>...
Benefits of professional association <ul><li>Network and discussion groups </li></ul><ul><li>www.cpacareers.com.au   or  w...
Opportunities <ul><li>Sustainability – the great responsibility and opportunity for us all </li></ul><ul><li>Fee based adv...
Business success <ul><li>People – right people doing the right thing – work relationships effectively </li></ul><ul><li>Mo...
www.gapingvoid.com
Resources <ul><li>Peter L Bernstein “Against the Gods” </li></ul><ul><li>Peter Block “The answer to how is yes” </li></ul>...
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Sewell Deakin Presentation August 2010

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Presentation to final year accounting students at Deakin during professionals week 2010

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Sewell Deakin Presentation August 2010

  1. 1. Accounting – connecting you and your future my story
  2. 2. Mike Sewell Current professional roles <ul><li>Director – Market Gap Investments Pty Ltd </li></ul><ul><li>Chair – Centre of Excellence for Environment, Social and Governance CPA Australia </li></ul><ul><li>Presenter – The Climate Project </li></ul><ul><li>Director – PBS 106.7 FM </li></ul><ul><li>Member – Melbourne Angel investors </li></ul>
  3. 3. Where I’ve worked <ul><li>22 years with Westpac – various roles </li></ul><ul><li>3 years with Skilltech Consulting Services Pty Ltd –Operations Manager </li></ul><ul><li>8 years with DMC Outsourcing Pty Ltd –Managing Director </li></ul><ul><li>1.5 years with the Nossal Institute for Global Health – General Manager </li></ul>
  4. 4. Where I’ve studied <ul><li>Degree through Deakin studied part time 1983-1988 </li></ul><ul><li>Started CPA 1989 – stopped 1990 </li></ul><ul><li>MBA 1994 – 1996 AGSM part time </li></ul><ul><li>Started CPA again 1998 – finished 1999 </li></ul><ul><li>AICD 2002 </li></ul>
  5. 5. Things that worked <ul><li>Qualifications - both academic and professional </li></ul><ul><li>Convert knowledge into practice </li></ul><ul><li>Know where you are in your professional life </li></ul><ul><li>Develop your own goals </li></ul>
  6. 6. Importance of accounting <ul><li>Cash flow is lifeblood of every business </li></ul><ul><li>Discipline of management accounting to understand what is happening in a business </li></ul><ul><li>Financial reporting to assess performance and position (statutory and internal) </li></ul><ul><li>Contribution to strategic direction of the business </li></ul><ul><li>Specialist skill that is constantly relevant with attributes of generalist – applicable to all businesses </li></ul>
  7. 7. A growth trajectory
  8. 8. A story in numbers – synergy happens 10.8% 7.1% 6.8% 6.0% Margin $920 $550 $135 $360 Operating profit 36.5% 32.3% 30.0% 33.0% Margin $3,100 $2,520 $600 $1,980 Gross profit $8,500 $7,800 $2,000 $6,000 Revenue Actual Expected Coy B Coy A ($000's)
  9. 9. Things I’d do differently <ul><li>Professional qualification earlier </li></ul><ul><li>Watch the business cycle – calculated risk wins </li></ul><ul><li>Take advantage of opportunities </li></ul><ul><li>Build a strong professional network early and make the effort to stay in touch with people </li></ul><ul><li>Work internationally </li></ul>
  10. 10. Sigmoid curve
  11. 11. Importance of CPA <ul><li>Entry ticket to roles </li></ul><ul><li>Start of further professional development </li></ul><ul><li>Think about MBA – or further academic credibility to differentiate you </li></ul><ul><li>Network – both F2F and online – Linkedin, Facebook and CPA communities of interest </li></ul>
  12. 12. Benefits of professional association <ul><li>Network and discussion groups </li></ul><ul><li>www.cpacareers.com.au or www.nowboarding.cpaaustralia.com.au </li></ul><ul><li>Brand to support career and increase opportunities </li></ul><ul><li>Give something to the profession and the business community </li></ul><ul><li>Professional development </li></ul>
  13. 13. Opportunities <ul><li>Sustainability – the great responsibility and opportunity for us all </li></ul><ul><li>Fee based advice – help people and they are happy to pay </li></ul><ul><li>Investment industry – sound based guidance to help people save and build for their future </li></ul><ul><li>Finance is the lifeblood of all businesses </li></ul>
  14. 14. Business success <ul><li>People – right people doing the right thing – work relationships effectively </li></ul><ul><li>Money – understand it is a flow – not static – use the flow to create wealth and opportunity </li></ul><ul><li>System – develop and follow a dynamic yet strong system </li></ul>
  15. 15. www.gapingvoid.com
  16. 16. Resources <ul><li>Peter L Bernstein “Against the Gods” </li></ul><ul><li>Peter Block “The answer to how is yes” </li></ul><ul><li>Napoleon Hill “Think and Grow Rich” </li></ul><ul><li>Robert S Kaplan and David P Norton “The Strategy Focused Organisation” </li></ul><ul><li>Michael Bungay Stanier “Find your Great Work” </li></ul><ul><li>www.businessspectator.com.au </li></ul><ul><li>www.domoregreatwork.com </li></ul>
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