researchupdate The newsletter of CIMA research - September 2010
WCOA 2010: the future of accounting CIMA is a gold sponsor of The World Congress of Accountants (WCOA) Contents 2 CIMA has recently published the following publications 3 Seamless learning from CIMA 4 From ledgers to leadership 5 News 6 Sustainability practices in a time of recession and the accountant’s role 8 Management accounting and investment co‑ordination in networks 10 Enterprise wide risk management and the budgeting cycle 12 Shared services research: getting behind the backoffice 14 Diary dates
CIMA 26 Chapter Street London SW1P 4NP T. +44 (0)20 7663 5441 F. +44 (0)20 7663 5442 www.cimaglobal.com/research Naomi Smith Research and Development Manager Paula Downey-Jones Co-contributor Opinions expressed in Research Update are the authors’ own and do not necessarily represent the views of the council, the institute or the organisations by which they are employed.
The event will bring together over 6,000 high level international finance professionals to explore cutting edge issues on the future of accountancy. It will consist of a number of plenary sessions and workshops that will be chaired and delivered by highly experienced business leaders. WCOA is held under the sponsorship of IFAC (International Federation of Accountants) and is this year hosted by the Malaysian Institute of Accountants. The event will take place from 8–11 November. Since its inception in 1904, the WCOA is seen as the foremost international accounting event – the ‘Olympics’ of the accountancy profession. It has been held every five years since 1977 and every four years since 2002. CIMA is a gold sponsor of WCOA 2010 as it recognises the importance of supporting the global accounting industry. The 2010 World Congress theme is Accountants: sustaining value creation. Professional accountants operate in all facets of the global economy creating value and upholding business integrity in both the private and public sectors. In a world demanding short term solutions, professional accountants are challenged to sustain long-term growth. Accountants lead strategic teams and are charged with creating value and safeguarding assets. They are an important part of organisational governance, providing regulators and society with assurance that business has operated to the highest standards. This World Congress will explore issues related to key areas that directly and indirectly affect the continued relevance of the professional accountant in the coming years. WCOA 2010 will feature headline speeches by CIMA Chief Executive Charles Tilley and CIMA Professor of Accounting and Finance Wim A. Van der Stede. The event is geared towards professional accountants in business and public sectors, practitioners, industry leaders, policy makers, standard setters, academics and thought leaders.
Attending the WCOA 2010 offers:
• networking and gaining insights and first hand information from renowned business leaders • meeting the most influential and innovative minds in business, finance and decision makers from all over the globe • sharing and exchanging ideas on the latest business trends and global economic developments • developing and putting forth values to sustain long-term growth as well as identifying business and investment opportunities. WCOA 2010 promises to be one of the most relevant business events of 2010. For more information, or to reserve a place, visit www.cimaglobal.com/wcoa To receive free news and updates on WCOA 2010 please sign up at www.wcoa2010kualalumpur.com/signup.asp
Global perspectives on governance: lessons from east and west is the first of two CIMA reports to be published in the run up to WCOA 2010. While the core principles of corporate governance are the same throughout the world, the Asian model places particular emphasis on trust and relationships. This paper discusses the key differences between the Western and Asian approaches to help business leaders explore the best aspects of both. Download your complimentary copy of the report at www.cimaglobal.com/wcoavip
1