Annual ACCA Singapore Conference looked at developments around the world and its impact on Singapore.
The 2012 ACCA Singapore Annual Conference was held at the Raffles City Convention Centre with an attendance of more than 300 delegates.
The conference strategic segment looked at the developments around the world and its impact on Singapore. In particular, it analysed the impact on the accounting services sector, finance and audit departments and talent flows. These include diverse expertise and perspectives from the presentations of Mr Mark Matthews, Managing Director, Senior Advisor, Head of Research Asia, Bank Julius Baer & Co. Ltd who gave an overview and analysis of the global economy; Mr Holger Lindner, Chief Financial Officer, Daimler South East Asia Pte Ltd who shared insights on the role of the CFO and the finance function and summing up challenges and opportunities for public accountants in the evolving landscape was Mr Tham Sai Choy, Managing Partner, KPMG Singapore.
The conference highlight was the panel discussion: Businesses in Uncertain Times: Role of Accountants, which discussed the uncertainties in the economy and its impact finance and audit departments in the next 12 months and the medium term. Other areas for discussion included talent recruitment locally and regionally and how businesses can create and sustain value during these uncertain times.
ACCA and KPMG launch Stakeholder Communications Study
ACCA and KPMG in Singapore held a launch event of the Stakeholder Communications Study 2011/2012 on 11 May 2012. The inaugural study showcased how companies listed on the Singapore Exchange communicate with investors and other stakeholders. A six-element stakeholder communications framework was used to analyse stakeholder communications: Communication resources, modes, content, frequency, timeliness and quality. To download a copy of the report, please click here
ACCA Singapore Accountants for Business Forum 2012
Industry experts unanimously agreed at the recently held ACCA Singapore Accountants for Business Forum 2012 that investing in talent is key to driving business success as these professionals bring diverse skills, knowledge, experiences and capabilities to the workplace.
Though cost cutting measures and ensuring sustainable business growth weigh high on a CFO’s to do list, the need to train and develop an effective finance team is of equal importance.
Implementing a one-size fits all type of competency framework will not work. Changing the way people do their job and changing the way that finance interacts with the organisation takes a much more structured and coherent plan of action.
ACCA-Deloitte Forum 2012
A forum organized by ACCA Singapore and Deloitte Singapore attracted over 130 attendees from the big 4 accounting firms, and other multinational companies across a wide variety of industries.
One of the highlights was a panel discussion on the impact of revisions and upcoming changes to the IFRS/FRS and new IFRS/FRS on the business and their probable impacts on companies’ results in 2012 and 2013.
The forum also discussed some of the key findings of the survey jointly conducted by both organisations entitled - ACCA-Deloitte 2012 Survey: Impact of New/ Revised IFRS/FRS on Singapore Listed Companies.
To download the findings from the report: ACCA-Deloitte 2012 Survey: Impact of New/ Revised IFRS/FRS on Singapore Listed Companies, please click here
ACCA Green Economy – Is Corporate Asia Ready For The Green Economy?
ACCA and WWF recently brought together leading experts in the fields of business, accountancy, investment, and non-governmental organisations to discuss the green economy and its impact, influence and effect on these specific stakeholder groups.
There were two events held, one in Singapore and one in Jakarta.
Each individual meeting addressed issues specific to the country within which the meeting took place.
The panels of experts discussed:
- the current and future economic landscape
- the opportunities for business in the green economy
- the shift in investment practices
- the skills and knowledge required for accountants.
Mr Adam Tomasek
- Head, Heart of Borneo Initiative, WWF
Ms Holly Lindsay
- Country Director, CSR Asia (Singapore)
Ms Durreen Shahnaz
- Founder & Chairwoman, Asia IIX
Mr Kevin Lee
- Sustainability Manager, PowerSeraya Limited
Ms Esther An
- Head of CSR, City Developments Limited
Mr Rob Daniel
- Technical Advisor, PricewaterhouseCoopers