Date(s) - 04/07/2018
8:30 am - 11:30 am
CIMA Middle East in partnership with Gulf Tax Accounting Group (GTAG), is delighted to hold a workshop in Dubai, scheduled for Wednesday July 4th, 2018 at Nassima Royal Hotel, Sheikh Zayed Road, Dubai.
The objective of the event is to examine the role of the Management Accountant in a changing world along with the trends impacting the profession such as technology, social, legislation and the general micro-economics matters.
DATE: July 4, 2018
VENUE: Nassima Royal Hotel, Sheikh Zayed Road, Dubai
TIME: 8:30 am – 11:30 am
FLOW OF AGENDA:
Workshop Session I: Oops-pocalypse: Responsibility and Feudalism 9:20am – 9:45am
Decisions made with incomplete and/or incorrect information are often a key cause of business failure. As accountants, it typically falls to us to provide the information with which decisions are made. Accuracy and transparency are critical. Noted media commentator and CIMA member David Daly will speak about a critical issue within Finance in the region… that of taking responsibility. Many of an individual’s greatest learning come from their mistakes. Does your working environment learn from or seek to hide them?
One element that permits this is the kabayan or homeboy fiefdoms, a system in companies that creates allies led, mostly, by nationhood in exchange for their loyalty to a manager. Sometimes these pernicious arrangements move from errors that are commercially damaging to fraud. A culture that supports avoiding responsibility is open to ever more damaging activities.
Workshop Session II: The Future-Ready Accountant: Staying Ahead of the Curve 9:45am – 10:10am
As former Global CFO at the Royal Bank of Scotland, Bill Anderson has been on the front lines, tasked with continuously making sure that accountants meet the changing needs of today’s business and market legislations. Specifically, today, technology has greatly been impacting accounting more than the other professions.
Data is everything in accountancy. With businesses increasingly using a large variety of software packages for account and payroll purposes such as Sage, Xero, Zoho Books to name just a few, correspondingly, accountants need to be competent in the use of these software packages. Bill will speak on why this is a huge challenge in the profession and why it demands that accountants be versatile and tolerant of other ways of doing business in order to be ahead of the curve.
Workshop Session III: VAT Advance Masterclass 10:10am – 10:35am
The big issue every accountant must examine is the primary and secondary effects of VAT on the company’s books and operations including how the negotiation of commercial contracts, VAT treatment of domestic and cross-Emirates deals, industry exemptions, risk management and compliance will impact your business.
As accountants, your role of financial and strategic advisors today is more critical than ever before. Peter Whatley will speak on the strategic and practical implications of VAT on your organisation’s books and operations.
Workshop Session IV: Embedding cyber-security culture into the finance function 10:35am – 11:00am
Organisations and businesses in the UAE continue to be victims of increasing cyber-attacks. Most concerning, these cyber-attacks have moved on from having the intention of shutting down systems, both stealing data and money, to destroying your data without apparent motive.
Accountants can become a pillar of the cyber-risk strategy through assisting the IT department in some critical ways. Pete Mahon will give a practical guide on how, as an accountant, you can detect potential threats and what measures you should take personally to protect your organisation.
Session V: Q&A 11:00am – 11:30am