This includes sessions from the conference: 2022 AICPA & CIMA CFO Conference
After experiencing one of the most severe economic shocks of the past century in 2020, the US economy has vaulted into one of the most rapid recoveries in modern history in 2021. Still, it’s not time to pop the Champagne. The recovery process is far from complete, and the next stage of the recovery will be trickier to navigate.
In the increasing competition for talent, market leading organizations are those that best leverage the unique skills and talents of their employees. At the center of the organization, financial leaders are uniquely positioned to drive transformational change in their organization by focusing on talent.
This session provides a framework for how finance professionals can facilitate the process necessary to scout and identify talent throughout their organization, develop those employees, amplify what’s important for their career fulfillment, and empower them to improve team and corporate performance.
Many organizations are undergoing significant change as they prepare for the future of their industries. As a function, the expectation for finance means evolving to new ways of thinking and new ways of working. The connection between what we do and how we do it becomes more pivotal to driving efficiency and critical insights for the business. How can you fully embrace transformation and driving change while still needing to meet the needs of the organization?
This session will discuss what drives a successful
transformation and how finance leaders can use bold thinking and innovative
methods to lead their organizations into future.
Despite the impact of the global pandemic, there has been no shortage of merger and acquisition (M&A) and divestiture activity. Deals rose by 65% in 2021 to more than $5.6 trillion .Respondents in a global survey by Bain & Company expected M&A to contribute to 45% of their growth in the future compared with about 30% over the past three years.
Finance has always been an integral part of the M&A process. However, until relatively recently, that role has been mostly focused on performing financial due diligence, integrating financial systems, and tracking synergy savings realisation. In the current environment, we are seeing the role of finance expand from purely an accounting lens to a more strategic role in M&A. During this session we will explore what makes a successful strategic finance M&A capability.
This session will explore how being resilient allows you to take risks and fail and how to build this muscle as a Leader and Mentor.
Resiliency is the ability to cope with change, let go of things that are no longer serving you, learn from each experience, and develop. Change is truly the only thing that is constant. Each of us have agency in how we navigate and react to change.
“If you don't like something, change it. If you can't change it, change your attitude.” - Maya Angelou
This session will focus on the remaining timetable to implement Topic 842…the FASBs New Lease Accounting standards.
As a co-author of six publications in the Journal of Accountancy over the last several years on this topic, Steve Austin will review the Top 10 Lessons Learned to expedite the process for those working toward implementation and controls for post implementation.
He will highlight a winning strategy to be efficient in the process with accuracy and quality control and to understand the sequence of events necessary to complete this on time in 2022 or 2023.
In this engaging presentation, Stafford Wood will offer the good, the bad and the ugly of using social media for your company. She will cover best practices in social media marketing with an eye towards mitigating risk, limiting liability, reducing time spent, budgeting for expenses and encouraging appropriate employee engagement with corporate social media policies. This presentation is meant for all participants regardless of their experience in the communications field.
Organizations are relying on CFOs in new and challenging ways – beyond core financial functions and now as strategic leaders central to corporate planning and decision-making. Our session will address these changes including flexibility and enhanced benefits and investment in DE&I while containing costs and growing your organization and answer questions such as:
We will share the latest trend and benchmark data, and provide specific strategies CFOs can consider to drive meaningful value in their organizations.
Is doing good, good for business? CFOs play a transformative role in their organizations, and the pressures of being a data-driven finance leader, a catalyst for human-centric digital transformation, and a strategic partner to the C-suite may seem to leave little room for tackling environmental, social and governance (ESG) challenges. Yet a recent Accenture survey of senior finance leaders found that 68% of respondents say that Finance is responsible for their organization's ESG efforts. In this session we'll explore how Finance leaders can start thinking about the relationship between technology and ESG.
Keynote session sponsored by Workday.
The needs of organizations have changed significantly through the pandemic, requiring CFOs to power up business guidance to thrive in the “next normal”. Finance must not only embrace extreme automation to deliver this guidance effectively, but also take ownership of the finance data model and automate insight generation to become true value partners to the business. Join Workday finance executives and customers as they share the strategies and solutions they have used to prepare for the next evolution in finance.
By integrating the Risk and Finance information, a firm can understand and derive its current and future financial health more comprehensively.
The risks to a firm are many - financial, operational, reputational, regulatory, and business. Some are easier to quantify than others. The ones that are difficult to quantify are typically addressed with qualitative analysis, adjustments, and overlays.
Financial entities are heavily and increasingly invested in this integrated approach, especially since the 2008 Global Financial Crisis (GFC). Among other things, the GFC exposed the absence of this integration. Since many of these entities were considered globally & systemically risky, many regulations such as BCBS-239, IFRS 17-11, CCAR, ICAAP, etc. were enacted to avert this in the future. Ultimately the goal of these regulations, which continue to evolve, is to force financial institutions to take a more integrated view of risk. Although there were many skeptics, today there is general consensus that these regulations have made financial institutions significantly more sound.
Non-financial firms will benefit from the same approach as well, albeit fine-tuned and adjusted for their individual business environment and operating model.
Why are your best people the ones most likely to leave? What can you do to "future proof" your organization from the great resignation? How can we build a cohesive culture when we are scattered and jumbled? As there are multiple causes, in this fast-paced presentation our speaker will share multiple tactics based on live data from Operations and Human Resources. First, we cover new methods for changing your sourcing and screening to match the modern workforce. Then, we look at keeping the good ones - avoiding turnover and improving engagement in a distributed workforce.
With increased urgency about climate impacts and the widespread embrace of major social issues, there is also increased demand for disclosures on these concerns being made by investors, and other stakeholders, including regulators.
Recent major developments include the formation of the International Sustainability Standards Board (ISSB) by the IFRS Foundation, the creation of the Corporate Sustainability Reporting Directive (CSRD) in the EU, and in the US, what the SEC has referred to as an “all agency response” to these concerns.
This session will provide an overview of the evolving reporting and regulatory landscape, along with an approach for building an ESG program and managing sustainability performance in your company.
As new cybersecurity threats continue to emerge, the ongoing challenges around proper risk mitigation and incident response remain a dynamic obstacle for both organizational leadership and individual users. Understanding and anticipating both technical and non-technical threats are key to managing the risks associated with a breach of confidential data and how best to respond.
This session will cover the latest cybersecurity threat landscape and the risks and challenges that professionals face in collecting, storing, processing and safeguarding sensitive information along with best practices used when responding to a breach. Topics will include InfoSec governance, current cybersecurity threats/ risks/mitigation, third-party and supply-chain risk, incident response and cyber liability insurance. The session will also include strategies for personally protecting your digital information.
The past two years have spotlighted how the organization's ability to adapt and respond to a rapidly-changing environment impacts its people, operations, and sometimes its very existence. In this session, we will discuss the CFO's role in building an organization that can adapt and respond quickly to all types of risks (and opportunities) with minimal stress on workflows, operations, and especially its people.
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