The CPA of the (not too distant) future looks different that today’s CPA. Tax preparation is not a core CPA service. Increased specialization and collaboration among specialists will be necessary to service clients and work on internal organizational issues. Scared yet? Get yourself ready for this change through a glimpse of how the CPA profession is expected to evolve as we share with you the results of the AICPA’s CPA Horizons 2025 research study and key insights from thought leaders in the profession.
A study of senior Knowledge and Information Management professionals within the professional services sector by TFPL Recruitment and Sue Hill Recruitment highlighted the adoption of AI and digitisation in the sector, in addition to the continued importance of skills development, talent attraction and retention. Lee and Neil will look at how Knowledge and Information Management teams are transforming in what is arguably the most exciting time in the profession’s history.
It's important for accounting firms to transcend technology and deliver innovative services to their clients. This presentation looks at innovations in audit, tax, and bookkeeping and what firms should be doing to ensure they are able to transcend technology disruption in these areas.
Marketing is evolving rapidly in financial services. A new breed of marketer is needed, with a new and comprehensive agenda, leveraging digital technologies. Read more: https://www.accenture.com/ca-en/insights/financial-services/financial-services-living-marketing
A study of senior Knowledge and Information Management professionals within the professional services sector by TFPL Recruitment and Sue Hill Recruitment highlighted the adoption of AI and digitisation in the sector, in addition to the continued importance of skills development, talent attraction and retention. Lee and Neil will look at how Knowledge and Information Management teams are transforming in what is arguably the most exciting time in the profession’s history.
It's important for accounting firms to transcend technology and deliver innovative services to their clients. This presentation looks at innovations in audit, tax, and bookkeeping and what firms should be doing to ensure they are able to transcend technology disruption in these areas.
Marketing is evolving rapidly in financial services. A new breed of marketer is needed, with a new and comprehensive agenda, leveraging digital technologies. Read more: https://www.accenture.com/ca-en/insights/financial-services/financial-services-living-marketing
Integrated next-generation technologies may equip students to continue their education their entire lives, and can address three goals: fortifying student skills, increasing education’s ROI, and enabling students to be innovative and entrepreneurial. Education technology providers will likely need to shift their focus from content to connections.
Download the full Deloitte Review article here: http://deloi.tt/2wfvlnd
EY activities and solutions for insurers focusing on the emerging consumersEY
Outlining the opportunity for global carriers is a new report from EY and LeapFrog Investments, a profit-with-purpose private equity fund and the world’s largest dedicated investor in insurance and related financial services to low-income consumers in Africa and Asia. The report highlights the various components of operational excellence that will be required for success in tapping the emerging consumer market.
This presentation provides:
- an overview of the insurance sector in emerging markets
- the various drivers insurers need to focus on in order to effectively serve low-income customer segments
- key challenges and focus areas
- EY's customised solutions
For further information and to download a copy of the EY and Leapfrog report, "Operational excellence for insurers focusing on emerging consumers", visit: http://www.ey.com/GL/en/Industries/Financial-Services/Insurance/EY-Operational-excellence-for-insurers
The Chief Data Officer's Agenda: The Status of the Chief Data OfficerDATAVERSITY
CDOs are a hot topic of discussion, but does the reality support the hype? We spent the last few weeks talking to CDOs, and based on our research, the answer is absolutely “yes.” And then sometimes it’s also “no.” Though there is lots of prognostication about what CDOs “should” be doing, we found a lot of misinformation and misunderstanding about how the role operates in practice. The fact is that CDOs are a multi-faceted bunch. Most of them work on enterprise data strategy, but the rest of their time is highly customized to the needs of their particular organization, including analytics, data operations, and even application development. The real world of today’s CDO is varied, exciting, sometimes frustrating, and often creative! Please join John Ladley and Tony Shaw for their launch of the DATAVERSITY “Status of the CDO” Report, a thorough survey of what CDOs are doing today. We will cover topics including:
What motivates an organization to appoint a Chief Data Officer?
Who does the CDO report to?
What experience does it take to become a CDO?
Do CDOs have their own staff and budget?
How do functional responsibilities vary from industry to industry?
What are the differences between the CIO and CDO roles?
What are some of the pitfalls and unrealistic expectations for CDOs?
What issues are on the horizon for Chief Data Officers?
Enforcement actions in the banking industry: Trends and lessons learnedDeloitte United States
Regulators issue hundreds of enforcement actions to banks each year. Recent research sheds light on current trends in the number, type, and severity of these actions, with implications for ways that banks may be able to better anticipate and respond to them. Read this infographic and read more here: http://dupress.com/articles/bank-enforcement-actions-trends-in-banking-industry/?icid=hp:ft:01.
Transforming finance through digitally-based systems is a priority for business leaders. Learn about how RPA, while important, is really just the beginning of digital transformation.
Over the past decade, a combination of new providers, technology, and capabilities have made global payroll administration a possibility – at least conceptually. The key stumbling block in this debate is the perceived need, on the one hand, for tailored services that are compliant with local regulations, and on the other hand standardization for cost reasons. So, where does that leave payroll?
The #1 reason clients leave their CPAs is that they are receiving service instead of proactive advice. Tom will show how firms are exploring new value added services and position their practices for success in a rapidly changing world. He will discuss the major "shift change" and the trends shaping business today and give participants a framework to provide more proactive services and strategic advice and a plan to get started. But these services require new skills and approaches which is a big opportunity for firm HR and Learning Leaders.
Presentation to AGN International in San Diego #NARM16 for Managing Partners in MAP Track
Integrated next-generation technologies may equip students to continue their education their entire lives, and can address three goals: fortifying student skills, increasing education’s ROI, and enabling students to be innovative and entrepreneurial. Education technology providers will likely need to shift their focus from content to connections.
Download the full Deloitte Review article here: http://deloi.tt/2wfvlnd
EY activities and solutions for insurers focusing on the emerging consumersEY
Outlining the opportunity for global carriers is a new report from EY and LeapFrog Investments, a profit-with-purpose private equity fund and the world’s largest dedicated investor in insurance and related financial services to low-income consumers in Africa and Asia. The report highlights the various components of operational excellence that will be required for success in tapping the emerging consumer market.
This presentation provides:
- an overview of the insurance sector in emerging markets
- the various drivers insurers need to focus on in order to effectively serve low-income customer segments
- key challenges and focus areas
- EY's customised solutions
For further information and to download a copy of the EY and Leapfrog report, "Operational excellence for insurers focusing on emerging consumers", visit: http://www.ey.com/GL/en/Industries/Financial-Services/Insurance/EY-Operational-excellence-for-insurers
The Chief Data Officer's Agenda: The Status of the Chief Data OfficerDATAVERSITY
CDOs are a hot topic of discussion, but does the reality support the hype? We spent the last few weeks talking to CDOs, and based on our research, the answer is absolutely “yes.” And then sometimes it’s also “no.” Though there is lots of prognostication about what CDOs “should” be doing, we found a lot of misinformation and misunderstanding about how the role operates in practice. The fact is that CDOs are a multi-faceted bunch. Most of them work on enterprise data strategy, but the rest of their time is highly customized to the needs of their particular organization, including analytics, data operations, and even application development. The real world of today’s CDO is varied, exciting, sometimes frustrating, and often creative! Please join John Ladley and Tony Shaw for their launch of the DATAVERSITY “Status of the CDO” Report, a thorough survey of what CDOs are doing today. We will cover topics including:
What motivates an organization to appoint a Chief Data Officer?
Who does the CDO report to?
What experience does it take to become a CDO?
Do CDOs have their own staff and budget?
How do functional responsibilities vary from industry to industry?
What are the differences between the CIO and CDO roles?
What are some of the pitfalls and unrealistic expectations for CDOs?
What issues are on the horizon for Chief Data Officers?
Enforcement actions in the banking industry: Trends and lessons learnedDeloitte United States
Regulators issue hundreds of enforcement actions to banks each year. Recent research sheds light on current trends in the number, type, and severity of these actions, with implications for ways that banks may be able to better anticipate and respond to them. Read this infographic and read more here: http://dupress.com/articles/bank-enforcement-actions-trends-in-banking-industry/?icid=hp:ft:01.
Transforming finance through digitally-based systems is a priority for business leaders. Learn about how RPA, while important, is really just the beginning of digital transformation.
Over the past decade, a combination of new providers, technology, and capabilities have made global payroll administration a possibility – at least conceptually. The key stumbling block in this debate is the perceived need, on the one hand, for tailored services that are compliant with local regulations, and on the other hand standardization for cost reasons. So, where does that leave payroll?
The #1 reason clients leave their CPAs is that they are receiving service instead of proactive advice. Tom will show how firms are exploring new value added services and position their practices for success in a rapidly changing world. He will discuss the major "shift change" and the trends shaping business today and give participants a framework to provide more proactive services and strategic advice and a plan to get started. But these services require new skills and approaches which is a big opportunity for firm HR and Learning Leaders.
Presentation to AGN International in San Diego #NARM16 for Managing Partners in MAP Track
How to Accelerate Growth, Innovation, and High Performance for CPAs, Account...Tom Hood, CPA,CITP,CGMA
The # 1 challenge facing CPAs, Accounting and Finance Professionals is 'not enough time' who creates the equivalent of a gravitational pull of the past when it comes to changing their mindsets and thinking. How will we go from a historical perspective to a more future-focused, from rearview mirror to windshield and from being reactive to proactive?
Our latest research from the Business Learning Institute sows the critical competencies that will make a difference have not changed in the past seven years. What has changed is the gravitational pull has gotten worse as we enter what Josh Bersin calls the age of the 'overwhelmed employee'.
What we need is a new approach to learning these critical competencies. A blended approach that uses nano-learning nuggets (very short 2-3 minute single-concept videos), rapid application templates to apply each concept to the business, and a series of job aids and performance support tools to turn the learning into immediate on the job application. This is our award-winning Anticipatory Organization learning system by Burrus Research. In about one third of the time as traditional CPE, CPAs and accounting and finance professionals can learn the critical competencies of:
Anticipation; Strategic Thinking; External Awareness; Vision; Continuous Learning; Innovation ;Creativity; Problem Solving; Prioritization; Business Acumen; Decisiveness; Influencing/Persuading; Emotional Intelligence; Consensus Building; Collaboration; Inspiration; Risk Management; and Communication.
The Anticipatory Organization can support an entire cultural shift for an organization or team with the added implementation guide and collaboration tools. See more at http://www.blionline.org/ao
Our new MBA Express is another option to create or add a series of critical success skills to your technical training portfolio in on-site, on-line and on-demand learning formats. http://blionline.org/featured/8-hour-mba/
We believe we need new approaches and new tools to break the pull of the past and the inertia from 'overwhelmed employees'. These exciting new learning formats are one step in this direction.
Accounting Today Editor, Daniel Hood said this after selecting the Anticipatory Organization as a Top Product for 2016 in the Learning Category, “Everyone keeps telling accountants that they need to change their focus from the historic and the backward-looking, and to start being proactive and offering future-focused advice – but no one tells them how. The beauty of the Anticipatory Organization program is that it actually gives you a set of tools to harness the hard trends that are shaping the future, and use them to create new value for your firm and your clients.”
Presentation by Kim Fantaci, Executive Director of Association of Accounting Administartors to AICPA - CPA-SEA Interchange Conference on July 31, 2009 in Orlando, Florida
AmplioGroup is a specialized boutique consultancy focused on excellence in working capital performance (order-to-cash and procure-to-pay).
With 20 years of global experience, AmplioGroup’s practitioners have assisted over 700 clients to generate more than $35 Billion in cash flow improvement.
Our expertise is global in reach – we have extensive experience in all the key industrialized nations and all the major business and industrial segments.
Our approach is data and metrics driven yet with deep focus on the people in the O2C and P2P processes. Practical skills sets, knowledge bases and communication capabilities drive working capital performance and we empower process stakeholders through augmented abilities and ongoing results measurement.
We believe that optimized cash performance and effectively managed customer satisfaction go hand in hand. Our approach enhances both performance and satisfaction.
This presentation was given to Loyola University (Maryland) Accounting Alumni Circle on November 18, 2015. It includes our latest research in trends and issues facing the accounting and finance profession from the Business Learning Institute.
It also covers the programs and initiatives of the Maryland Association of CPAs in the context of Hard Trends and our work with world renowned futurist, Daniel Burrus.
Gov't Regulation
Demographics and Talent Pipeline
Technology
The exponential pace of change has created an environment best described as VUCA. To thrive in this new age of hyper-change and growing uncertainty, it is now an imperative to learn a new competency—how to accurately anticipate the future. The key to success in this fast-changing environment is to commit to changing before you are being forced to. This session will show how to anticipate these trends and move from being a crisis manager to an opportunity manager.
• Anticipate marketplace trends that will shape future markets
• Understand emerging innovation faster
• Identify opportunities
• Develop clear actionable steps to accelerate growth for the
organization and its customers
Learning the skill of anticipation and being proactive for CPAs, accounting and finance professionals
Using your own personal experiences and knowledge please discuss the.pdfinfo324235
Using your own personal experiences and knowledge please discuss the following question: Do
you believe that accounting is critical to our economic system? Why is it an integral part of our
economic system Explain. Support your answers with at least one practical example. Why did
you choose accounting as your major? If it is not your major, explain your reason for your
selection of your major What is a CPA? What service can a CPA provide that a non CPA
accountant cannot regardless of how many other qualifications he/she has including a doctorate
in accounting? What are some of the specializations in the accounting field? Discuss one or more
of them. Which one are you considering if you are an Accounting major? Post a job description
detailing the responsibilities and requirements on any accounting position that requires a
minimum of a Bachelor\'s degree. Was there anything about that job description that surprised
you (pleasant or unpleasant) Your responses must be numbered according to each question
above. You do not need to reproduce the question. You must meet a minimum length of 750
words (excluding citations, the job description and my questions) and must be posted as response
to my thread in this forum with the same subject line as above followed by your last name. Use
any acceptable form of citation. There is an automatic 5 point deduction for submissions with no
citations or citations in poor format. Please do not use attachments when posting your work.
Solution
Do you believe that accounting is critical to our economic system? Why is it an integral part of
our economic system Explain. Support your answers with at least one practical example.
Yes, I believe accounting is very critical to our economic system. Accounting plays an essential
role in economic development. High-quality corporate reporting is key to improving
transparency, facilitating the mobilization of domestic and international investment, creating a
sound investment environment and fostering investor confidence, thus promoting financial
stability. A strong and internationally comparable reporting system facilitates international flows
of financial resources while at the same time helping to reduce corruption and mismanagement
of resources. It also strengthens international competitiveness of enterprises in attracting external
financing and taking advantage of international market opportunities.
Good quality financial infrastructure is essential to the development of emerging economies as it
provides investors with an acceptably high level of assurance. Unless resources invested in
putting the plumbing in place can be accounted for, what will stop the roads going nowhere, the
energy disappearing, and the communications breaking down?
It could be very interesting and maybe surprising if we clearly understand that how accountants
can help to improve and growth economies in all over the world. Traditionally, researches have
said that accountants were hands of liberalism and.
The CPA Vision 2011 is the report from the AICPA from a project to create a comprehensive grassroots vision for the future of the CPA Profession. The first profession to ever create a vision for itself. Using a volunteer team of CPAs and State CPA Society executives aided by a team from the AICPA and led by Jeannie Patton in 1997-1998.
IFAC and the World Bank Centre for Financial Reporting Reform hosted a joint Regional Small- and Medium-sized Practices (SMP) Forum for Europe and Central Asia on May 31 in Vienna, Austria.
The Forum provided the opportunity to discuss addressing the challenges and opportunities SMPs and medium-sized entities (SMEs) face.
Are traditional financial reports still a valid part of organisational communication and accountability? Or has the financial report become an impenetrable collection of numbers and words, prepared only for compliance purposes, and only understood by a few technical elite? Is financial reporting keeping up with the increasingly complex demands of business? What effect is digital disruption having?
Noise, Numbers and Cut-Through looks at the effectiveness of financial reporting as a communication tool and responds to these questions by examining the experiences of two leading companies and their assault against disclosure overload.
Learn more: http://www.charteredaccountants.com.au/futureinc
With technology innovation continuing at a dizzying pace, is your organization investing its technology budget wisely? Are you concerned you might be buying yesterday's technology with little or no hope for return on investment? How do you determine what technologies will have the most beneficial impact for your organization? This session provides perspective on how to develop a technology strategy that looks at how the latest technologies can be utilized to streamline processing and improve control—and have positive impact on the organization. Ensure your organization is properly poised to fully leverage technology in the years ahead by attending this session.
Business Ethics and the Accounting Department v1.1Donny Shimamoto
When working at a CPA firm, ethical standards and requirements are pretty straight forward: independence, standards of practice, etc. But once you move outside of the firm, how does the term “ethics” apply to CPAs who are now in finance departments, internal audit, or other leadership positions in business & industry? This thought provoking session will take a look at the results of the 2012 AICPA & CIMA survey on business ethics and highlight the important role that CPAs in business & industry play in helping their organizations to manage their businesses ethically. Learn about the changing role of the accounting department and how you can help ensure that your organization stays out of the news headlines for being “unethical”.
A common misconception is that IT Governance is only for big enterprises. Cloud computing and the increasing pervasive use of technology in the workplace requires that smaller organizations take a more strategic and risk-aware approach to managing their technology and business information. Attend this session to learn how to apply IT governance principles and practices to smaller not-for-profit organizations to help develop your IT strategy, manage your IT risk, and enable better business decisions through information.
Executive Directors and CFOs often have different measurements than CIOs, by which to evaluate IT spending and different concerns that must be addressed. This discrepancy can sometimes lead to contentious relationships during strategic planning and budgeting between IT and leadership. EDs/CFOs might not fully understand IT and the value that it can enable. CIOs may not understand the nuances of IT budgeting and communicating the value of IT as an investment rather than a cost center. For example, EDs/CFOs may be more concerned with compliance and impact to profitability, on the other hand, CIOs may be looking at application compatibility and maintainability with current staffing.
This presentation that will provides ten key points that can help to get everyone on the same page—improving the organization’s ability to achieve its mission and focusing on the future.
IT costs are often a mix of equipment refresh cycles, convoluted software licenses, and often confusing IT service provider proposals. Add into the mix, cloud computing and managed service providers and how do you even start to develop an IT budget? This session will provide an overview of an IT budgeting approach that enables organizations to take a more proactive approach to managing their IT investment. It will also cover some basic IT knowledge that Executive Directors or Controllers need to know to validate the budgets that their IT Managers may be submitting to them. Clear the fog over IT budgeting by attending this presentation.
Using Social Media to Support Business ObjectivesDonny Shimamoto
The importance of business embracing social media (Facebook, LinkedIn, Twitter, Blogspot/Wordpress) has been tossed around a lot over the last year. But what really is the value of the different social media venues to the business world? This presentation provides an overview of the different social media technologies and provides tips for determining your organization's strategy in leveraging these new (and free) venues to meet your business objectives--like better engaging your members, customers, and business partners.
Leading Practices in Information Security & PrivacyDonny Shimamoto
Many not-for-profits are operating in an environment in which there is a tremendous amount of electronic documents, communications, and confidential data sits on computers and networks that are connected to the Internet. Privacy and security threats are also increasing, putting Internet communications and computer data at risk at an alarming rate. At the same time, laws and regulations with significant penalties have been passed or are being passed by states, the Federal government, and industry groups (e.g. PCI DSS) increasing the consequences of data breaches and privacy violations.
Whether you’re an executive director, program manager, or IT manager, this non-technical presentation will help you learn about the threats, requirements, and leading practices related to information security you need to help protect your donors and constituents.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
Website Link :
https://skyeresidences.com/
https://skyeresidences.com/about-us/
https://skyeresidences.com/gallery/
https://skyeresidences.com/rooms/
https://skyeresidences.com/near-by-attractions/
https://skyeresidences.com/commute/
https://skyeresidences.com/contact/
https://skyeresidences.com/queen-suite-with-sofa-bed/
https://skyeresidences.com/queen-suite-with-sofa-bed-and-balcony/
https://skyeresidences.com/queen-suite-with-sofa-bed-accessible/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-king-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed-accessible/
#Skye Residences Etobicoke, #Skye Residences Near Toronto Airport, #Skye Residences Toronto, #Skye Hotel Toronto, #Skye Hotel Near Toronto Airport, #Hotel Near Toronto Airport, #Near Toronto Airport Accommodation, #Suites Near Toronto Airport, #Etobicoke Suites Near Airport, #Hotel Near Toronto Pearson International Airport, #Toronto Airport Suite Rentals, #Pearson Airport Hotel Suites
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
5. Are you ready for the future?
Tax preparation is not a core CPA service…
–
Audits are becoming increasingly complex…
–
–
More regulations + more electronic data + non-financial
measures = greater risk for the auditor
Increasingly requiring the use of specialists
Business reporting is moving beyond finance
–
But being a trusted advisor for financial planning is
Sustainability, green house gasses, conflict minerals,
slave labor, fare wage practices…the list goes on…
You must prepare now to be ready for the future!
6. Research Study Overview
PLANNING
DATA GATHERING
DATA ANALYSIS
RESULTS
Detailed Planning
Volunteer Committees
Website
Interactive Survey
Open Forums
Advisory Panel
Synthesis
Advisory Panel
May – Aug 2011
Sept – Oct 2011
Deliverable
Development
4th Q – Jan. 2011
Feb. – July 2011
Board Review
More Than 5,600 Participants
About 6,300 Cumulative CPA
Feedback Hours
More than 75,000 comments
7. Research Study Results
Core Purpose
–
Core Values
–
evolved and updated
Core Services
–
substantially unchanged
Core Competencies
–
withstands the test of time
Vision Project core services
removed—broad array of
new and existing services
possible
10 Key Insights
–
emerged
7
8. Core Purpose
The CPA Core Purpose withstood the test of time
(originally established in 1998):
CPAs …
making sense of a changing
and complex world
8
9. Core Values
Core Values were substantially unchanged:
Integrity
Competence
Lifelong learning
Objectivity
Commitment to excellence
Relevance in global marketplace
9
10. Core Competencies
Core Competencies evolved:
Communications skills
Leadership skills
Critical thinking and
problem-solving skills
Anticipating and meeting needs
Synthesizing intelligence to insight
Integration and collaboration
Core Competency removed:
Technologically adept
–
No longer a differentiator
–
Now woven into all that we do
10
12. Technology
Understand and leverage relevant
technology in conjunction with CPA Core
Competencies to deliver superior services
“Changes will continue to make data
easier to access and compare. Electronic
communication has already become the
norm rather than the exception.”
41 year old CPA who works as a
Controller in Business & Industry
8 out of 10 respondents agreed that technology can replace or automate
products and services on the lower end of the value chain.
13. Pre-Certification and Lifelong Learning
“CPAs have to be both the
teacher and the learner in
the profession for a
lifetime.”
Evolve the educational
framework to keep pace with
the changing dynamics of
business, government and our
profession
”Always look to learn new ideas and
new ways of doing things. Keep
an open mind and be able to adapt
and reinvent yourself as time goes
on.”
68 percent of survey
A young CPA working in
respondents agreed that
warehousing and logistics
“accounting education should
focus on compliance as well as
effective application of judgment.”
14. Worldwide Profession
Position the CPA as a premier designation of the
accounting/finance profession throughout the world
90% percent of CPAs agreed with the following:
“It will be increasingly important for the accounting
profession to have awareness of international business
issues and trends in the future.”
The CPA designation provides a strong
foundation and should be recognized as a
premier accounting and finance
designation throughout the globe.
On January 31, 2012, the AICPA and CIMA launched the
Chartered Global Management Accountant (CGMA) designation
14
15. Market Permission
Leverage the strengths of the profession to
expand market permissions
Services around data privacy and security, sustainability, and
developing business strategies are just a few examples
“The changing business environment
will offer new areas of services that
CPAs can jump into since the CPA is
well-educated, well-trained, and
well-respected to take advantage of
those opportunities.”
A CPA working at a not-for-profit
15
16. Trusted Attester
Preserve the role of the CPA as the trusted
attester of financial and other information
One of the foundational roles for CPAs is the role
of trusted attester. There is no other profession
that is qualified to fulfill the role of auditor.
–
“The profession must increase its independence and
remain a viable source of financial truth in a world of
increasing complexity and global commerce.”
CPAs are able to expand our market permissions
in part because of our reputation for objectivity
and integrity that has been built on our role as
trusted attesters.
17. Pride in the Profession
Thousands indicated pride in the resilience of
their reputation and the rigorous preparation
and values that the CPA credential represents.
• The profession must be vigilant in
upholding this well-earned reputation –
a key competitive advantage
Encourage pride among CPAs in the
profession and in the value CPAs create
throughout society
“I am most proud of the idea that our professionals have been able to occupy
diverse jobs at high levels from accounting to sales, from operations to HR,
from consulting to management.” – CPA at a small consulting firm
18. Demographic Shifts
Continue to offer opportunities that enhance the appeal of
the profession and be proactive in addressing both U.S. and
global demographic shifts
Differences in the needs, wants and work
Convergence of Baby Boomers,
styles of these generations create
Generation X, Generation Y and
numerous challenges and also
Millennials is transforming the workplace
opportunities
19. Demographic Shifts
There is an increasing percentage of minorities in
the profession
–
And the globalizing nature of business which will
be reflected in the changing demographics of
clients and business owners
–
But the diversity in the profession is still not
representative of the general population
Who want to be serviced by CPAs similar to themselves:
speaks their native language and understands their
cultural values
3/4 of respondents agreed with the statement
–
“The profession must work to reflect a modern workforce
and generational differences in values and work styles”.
20. Trusted Advisor
Promote the CPA as the trusted advisor who, in addition to
providing core CPA services, develops solutions to complex
problems by integrating knowledge, expertise and
resources from multiple disciplines
“CPAs symbolize a trusted business advisor…..we
will be called on even more often to be the business
consultant for our clients.” –CPA in their 30’s
CPAs increasingly will be called upon to help solve
complex and challenging business problems.
• Serving as an integrator for multiple professional
disciplines and subject matter experts
• Delivering an integrated and multi-faceted
business solution
Increasing demand for CPA
specialists both within the profession
and crossing into other disciplines
21. Marketplace
Address continual changes in
the marketplace, economy,
businesses and regulations
CPAs must not only demonstrate competence
and commitment to excellence in their
particular area of practice, but also
demonstrate knowledge of business and the
evolving marketplace.
• CPAs agreed that the pace of change is
accelerating
• Regulations and standards are evolving
and increasing in complexity
• The increasingly globalized world
introduces an international component to
the rate of change.
• Technology continues to transform the
business and social environment.
22. Value Proposition
Increase the visibility of the profession’s value
proposition by demonstrating the profession’s core
values in multiple areas of business and society
• “Integrity, independence, and our focus on the blend of
duty to our client and to the public is unique to our
profession. It cannot be compromised for ANYTHING.”
• The integrity, objectivity and commitment to excellence
demonstrated by CPAs lead the public to trust CPAs.
• CPAs are dedicated to lifelong learning, competence and
relevance in the global marketplace.
• The profession will continue to evolve and innovate to
meet the changing needs of business and society
…how will YOU?
22
25. Sustainability: A Sustainable Enterprise
Source: Bob Bunting, CPA, Chair, Sustainability Services Group, Moss Adams LLP
Sustainable Enterprise
Strategy
Planet
CPA Services?
People
Profits
GHG
Energy
Water
Waste
Community
Fair Wage
Slave Labor
Diversity
Financial
Supply Chain
Codes of Conduct
26. Sustainability: Why Companies Care
Source: December 2010 study by AICPA/CIMA/CICA. “Evolution of Corporate Sustainability Practices”
via Bob Bunting, CPA, Chair, Sustainability Services Group, Moss Adams LLP
Value set of company and/or its leaders
Efficiency and cost savings
Compliance with legal and regulatory requirements
Achieving competitive advantage and long-term
profitability
Managing risk to the reputation of your
company/brand(s)
Customer demand for green/sustainable
products/services
Employee attraction and retention
Government grants or other incentives
Public scrutiny over labor, sourcing, or other business
practices
Supply chain vendor requirements
27. Sustainability: Potential Issues
Source: Bob Bunting, CPA, Chair, Sustainability Services Group, Moss Adams LLP
A Supply Chain Reporting Problem?
Finance Department frequently does not even
know the company is “reporting”
HR or Sales is the reporting department.
No formal data collection system.
No controls over accuracy or puffery (valuation)
Audits are growing because misrepresentation is
common.
Misreporting is causing “probation”, expensive
corrective actions and even loss of customer
relationships.
28. Sustainability: Donny’s Interpretation
Sustainability…
Is an emerging opportunity for the profession
–
–
–
Is an area where we must defend our role as
trusted attester
–
For business reporting…on non-financial metrics &
measures
For compliance reporting…and vendor certification not
related to internal control over financial reporting
For service reporting…the next generation of SOC reports
AICPA proposed UAA change to definition of assurance
Will be part of the future of our profession…
…and helps CPAs to play a critical role in the future of our world
29. The Changing Role
of the Accountant
•
•
•
29
Spectrum of Accountants’ Roles
Accounting Organization Evolution
Accountants’ Role in Achieving Impact
31. [Accounting] Organization Evolution
Source: McKinsey & Company, via CIMA, 2012
Expectations have increased for
[Accounting] organizations
• Focused on process
and risk minimization
• Focused on decision
support
• Provides sound
financial analysis to
management for
making financial and
operating decisions
• Integral part of management
team to support value/wealth
creation
• Identifies opportunities and
provides critical information
and analysis to make superior
operating and strategic
decisions
• Dominated by
reporting and
compliance
functions
Stage
Role
Key Capabilities
Challenge
Transaction
1 Management
Bean Counters
• Financial
accounting
Number of
transactions
2
Controlling the
Business
Planning &
3 Analysis
Integrated Functional
4 Excellence
Process Managers
Business Partners
Value Managers
• Management reporting
• Tax
• Audit
• Treasury
• Performance
management
• Analysis
• Superior decision support to
invest wisely
• Business Development
• Enterprise risk management
Consistent process
excellence
Talent and insight
into valuable drivers
Leadership and
performance
management