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The ICAEW Annual Financial Controllers' Conference 2008

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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


List of events

Date Time Location Code Options

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