Sponsored by:
1 day (6 CPD Hours)
Introduction
Not just a bean counter...
The financial controller is the operational
underpin of any organisation’s finance
function, with the strategic decision making
usually left to the finance director – or is it?
The course in detail
The role of today’s financial controller has evolved.
No longer just the trusted ‘bean counter’, today’s FC shares
more attributes with the finance director than ever before
with their roles overlapping and complementing one another.
With their hands on experience of the market, today’s FC has
become an invaluable asset to any company.
As CEO’s increasingly require finance to play a broader role
in developing the business, there is more scope than ever
before for the financial controller to positively influence
the commercial strategy of their organisation. The modern
FC is now expected to provide a more strategic view of
the business whilst still delivering back office functionality.
The Annual ICAEW Financial Controllers’ Conference will help
you to meet this challenge head on and will provide you with
inspiring ideas to ensure you remain at the forefront of your
organisation’s commercial strategy as well as useful advice
on enhancing your career development.
09:30 - 09:35 Welcome
Emma Riddell, Technical Manager,
ICAEWFinance and Management Faculty
09:35 - 10:15 Driving the bottom line
- Yes – still through traditional means
But also through...
-
- communications and influence
-
- understanding and coaching
-
- getting close to the business.
Carolyn Bresh, Partner, Everymind and Committee
Member, ICAEW Finance and Management Faculty
10:15 – 10:55 Increase profits through sustainable
development – a resource efficient approach
This session will explore the links between
the UK's Sustainable Development Strategy
and increasing business profitability through the
efficient utilisation of natural capital (resources).
What are the drivers, why should business engage,
what success have other businesses had and the
support available to businesses through the
Envirowise programme.
Simon Drury, Business Partnerships Manager,
Envirowise
10:55 – 11:10 Refreshments
11:10 – 11:50 Regulation and tax round-up – major issues
relevant to your business
- Payroll – review of new developments
and problem areas
- Key VAT developments to the accounting
process and changes you will need to make
- Corporation Tax – major CT issues
for businesses, points to watch for
Hitesh Rajani, Senior Tax Manager, KPMG LLP
11:50 – 12:30 Implementation issues of the Companies
Act 2006 on your business
The Companies Act 2006 is the most wide ranging
and significant amendment to company law in
England and Wales for over 50 years with the final
staggered implementation of the Act completing on
the 1st October 2009. This session will summarise
the changes implemented so far and prepare you
for future changes – specifically focusing on
aspects relevant to financial controllers.
The session will cover the following:
- company administration
- accounts and audit
- maintenance of capital
- directors
- practical issues and action items.
James Reed, Senior Associate, Baker & McKenzie
12:30 – 13:00 New framework for UK Company Accounts:
the future of UK GAAP
- ASB strategy for converging UK GAAP
with IFRS
- The proposed tiers of future UK GAAP
- The meaning of public accountability
- The role of the IASB’s proposed standard
for SMEs
- What happens to the FRSSE?
- Costs and benefits
- Likely timing and way forward
David Loweth, Technical Director,
Accounting Standards Board
13:00 – 14:00 Lunch
14:00 – 14:30 Update on the Faculty’s Thought Leadership
Project: Finance Direction
Debates about the changing role of finance
and the finance director have been going on
for decades and will no doubt continue. The
degree to which the FC focuses on governance
as opposed to acting as the business partner to
the CEO has been a key concern. This presentation
will consider this area and provide an update
on the ICAEW's research into the role of finance
and the FC. In particular it will consider:
- the forces which will influence the future
role of finance and the FC
- the level of importance attached
to non-financial measures
- international comparisons.
Rick Payne, ICAEW, Finance Direction Programme
14:30 – 15:15 The current economic crisis and its effect
on corporate fraud
- Developments in fraud – scale and awareness
- Risk factors – assessing your risks
- Types of fraud – payroll, expenses, debtor
- Technology and fraud – pros and cons
- What to do on discovering a fraud –
response plans
Dr Stephen Hill, Chantrey Vellacott DFK,
e-Crime and Fraud Manager
15:15 – 15:30 Refreshments
15:30 – 16:15 Effective multi-sourcing
This session will identify the main
risks and opportunities when working
in a multi-supplier sourcing environment.
It will cover the processes and best practices
necessary to ensure that expected results
are achieved and how to successfully
manage complex relationships.
Glen Warren, Director, TPI
16:15 – 17:00 Have you got what it takes to be
a financial director?
- Distinction between direction
and management
- The competent director
- Becoming a director
- Preparation for the boardroom
Professor Colin Coulson-Thomas,
University of Lincoln
17:00 Round up and Close
Emma Riddell, Technical Manager,
ICAEW Finance and Management Faculty
What are the benefits of attending?
Develop your skills and take your career to the next level
Ensure you are at the forefront in influencing
the commercial strategy of your organisation
Get up to date with the latest legislation and how
it impacts on your business
Gain 6 CPD hours when you attend
Who should attend?
Financial controllers or those with
equivalent responsibilities
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