28th One Stop Update for the Accountant in Business
12 - 13 October, Duxton Hotel, Wellington | 19 - 20 October, Crowne Plaza, Auckland
About
This October, the conference theme is Analyse the Past; Shape the Future. It recognises that a finance team must lead from the front, and use its skills to help develop and drive the organisation’s competitive advantage.
Continuously honed and refined over the last decade and a half, this two day conference brings together the best in business thought leadership, updates on key finance and accounting technical topics, and motivational addresses from some of New Zealand’s most inspiring personalities.
This conference has been designed to engage, incite and inspire you. Included are real world case studies from people operating at the coalface, and plenty of practical sessions providing you with the tools and techniques needed to add value to your organisation. With extension streams covering a wide range of themes from risk and performance reporting to technical accounting and personal development, you can choose the sessions that will help you the most.
I look forward to meeting you in October.
Mark Hucklesby
National Technical Director, GRANT THORNTON
KEYNOTES
Peter Kean
Peter Kean has been Managing Director of Lion Nathan New Zealand since March 2005.
His career with Lion Nathan began in 1986 when he joined the Speight’s Brewery in Dunedin as a Sales Executive. In his first 10 years with the company, he held a number of sales-related roles and in 1997 was appointed National Sales Director. Six years later, Peter was appointed Managing Director of Lion Nathan Wines and Spirits.
In 2003 Peter attended Harvard University in Boston, USA and completed the programme for management development. Outside his professional career, Peter has a strong interest in rugby union, family and travel. He is also a member of the New Zealand Business Roundtable.
Steve Price
Steve Price is a legend of rugby league on both sides of the Tasman, and one of the most personable sporting celebrities to grace New Zealand shores. He has a humble yet compelling nature coupled with intelligence and experience, making him one of the best role models and leaders in sport today.
His league career has spanned 17 years, from his debut in 1994 with the Canterbury Bulldogs, followed by a move in 2005 to the NZ Warriors, where he announced his retirement at the end of the 2010 season.
Ambitious and driven, Steve graduated with a Master of Business Administration (MBA) in 2010. His business acumen, knowledge of Rugby League and sport in general set him apart from other professional sportspeople.
MAXIMUM CPD HOURS
Attend the conference and one Masterclass of your choice and log 20 CPD Hours
Workshops
WORKSHOP A
Financial Reporting Masterclass
If, like many accountants, you are too busy to regularly monitor the avalanche of financial reporting developments being issued, putting aside one day to attend this course will help bring you up to speed with what is happening and will allow you to assess what actions you need to take in coming months. A key feature of the presentations, case studies and exercises that will form part of the Masterclass course will be explanations of why the changes to NZ IFRS were needed and provide you with pointers on how best to deal with the potential application issues that surround them.
1: The current financial reporting landscape
Part 1 will consider all the recent changes in pronouncements that have been issued by the Accounting Standards Review Board (ASRB) in the 12 months leading up to the Masterclass. The focus will be on what has changed and when do the changes come into effect? This session will also explain on why the International Accounting Standards Board (IASB) made these changes and outline some of the business implications resulting from them.
2: What these changes mean for NZ GAAP
Part 2 will look a how these changes will manifest themselves in NZ GAAP. Working through a current set of model financial statements we will point out disclosure requirements associated with all the new developments and take a closer look at areas where things can go wrong in financial reporting – particularly in relation to deferred tax and financial instruments. This Masterclass session will also draw upon comments made by various regulatory authorities about applying IFRS, using case studies to illustrate key matters.
3: Practical application issues
Part 3 takes a closer look at preparing financial statements and will provide answers to questions that are often put to accountants in business. Examples include:
• When restructuring a business, what might the IFRS implications be?
• To what extent, if any, can our borrowing costs be capitalised?
• How confident are we saying that our current and deferred tax amounts are fairly stated?
4: Financial reporting in the future
Having identified where changes to financial reporting are needed, how they should be reflected in financial statements and various application issues, Part 4 will step back from current NZ IFRS developments and look at further changes that are likely to be made in the next 12 to 18 months. This will cover not only what the IASB may do, but also changes being proposed by the Ministry of Economic Development and the ASRB. This fast moving and highly interactive Masterclass has been designed and developed specifically for accountants in business by Mark Hucklesby and Anthony Heffernan.
Facilitated by:
Mark Hucklesby, National Technical Director, Grant Thornton
Anthony Heffernan, Manager, Grant Thornton
WORKSHOP B
Financial modelling, forecasting and analysis Workshop
Financial modelling and data analysis to drive financial intelligence
Financial modelling is one of the ways in which the financial professional can really add value. This skill set can help you analyse business cases, increase the accuracy of your financial forecasts and projections, and increase the predictive capacity of your finance team.
If your job requires a firm grasp of financial situations, then this hands-on comprehensive workshop is for you. Review proven models and tools and develop a keen understanding of how and when to use them to allocate resources, evaluate potential projects for maximum return-on-investment and ultimately improve your organisation’s financial performance.
What You Will Cover
• Creating financial models
- Guidelines for preparing financial models
- Developing dynamic models
- Key points necessary to create an effective model
• Analysing the data
- Registering assumptions
- Developing inputs into the model
- Forecasting financial data using regression analysis
• Projecting performance
- Cash flow statements
- Income statements
- Using financial metrics
• Modelling risk and uncertainty
- Identifying uncertainty
- Risk and sensitivity analysis
- Monte Carlo simulation
• Driving the Business
- Interpreting and evaluating financial information
- Using financial forecasting to make accurate evaluations
- Evaluating capital investment proposals
- Presenting the results
Jeff Jackson, Managing Director, Solution Matrix Pacific
Prize Draw
Win One of Two Luxury Weekend Escapes to Queenstown with our Earlybird Prize Draw!
• Register and pay before 27 July 2010 to SAVE $500 and enter the Prize Draw for a luxury weekend escape for two to Queenstown
• Register and pay before 24 August 2010 to SAVE $300 and enter the Prize Draw for a luxury weekend escape for two to Queenstown
Sofitel Queenstown Hotel & Spa combines local spirit with French tradition for the most sophisticated sense of luxury. The hotel features 82 luxury rooms and suites, all with their own private double spa bath and most have private balconies with superb mountain or lake views.
Your Prize Includes:
• Two return airfares from Auckland or Wellington to Queenstown on Air New Zealand
• Two nights accommodation in a Superior Room for 2 people at the Sofitel Hotel and Spa in Queenstown including buffet breakfasts and a pounamu massage
Prize Draw Terms and Conditions
• Prize not redeemable for cash
• Accommodation and flights subject to availability at time of booking
• Offer valid until 31st March 2011, blackout date 27th Dec to 4th Jan 2011
• Full terms and conditions can be found at www.conferenz.co.nz
Agenda
Day 1
8.30
Registration & Coffee
9.00
Opening remarks from the Chair
Mark Hucklesby, National Technical Director, Grant Thornton
9.10
Business Keynote: Business Growth through Engagement
• Getting the most from your people & yourself (Harvard)
• Knowing your consumer
• Innovation driving growth
Peter Kean, Managing Director, Lion Nathan
9.55
One Stop Update on Tax
• The tax changes introduced as a result on the Budget 2010 with a particular focus on the impact of changes to the tax depreciation rules and the consequences the tax rate drops
• How has your business coped with the GST rate rise? The practical issues to look out for as you file your first return post the rate change
• Inland Revenue announcements, rulings and cases affecting the corporate sector
In Wellington:
Robyn Walker, Associate Director, Deloitte
Andrew Babbage, Partner, Deloitte
Allan Bullôt, Partner and GST Group Leader, Deloitte
In Auckland:
Annalie Hampton, Associate Director, Deloitte
Bill Hale, Partner, Deloitte
Allan Bullôt, Partner, Deloitte
10.50
Morning tea
11.10
Creating peak performance environments in the workplace
Craig Lewis, Director, Lead to Succeed
12.00
Keynote CFO Address: Back in black – driving for growth after the recession
• Opportunities and challenges in the current market
• Preserving a position of financial strength in your organisation
• The changing role of the CFO and finance team in driving organisational strategy
12.50
Lunch: Sponsored by: CPA Australia
1.50
Stream 1: Technical and Accounting: Developing accuracy in your financial forecasting
• Common areas where forecasting fails
• Managing and dealing with variances
• What is the optimal forecasting interval for your organisation?
Matthew O’Brien, Head of Financial Management, Westpac
1.50
Stream 2: Risk: Rethinking risk: strategies and modelling in the new environment
• Examining your organisation’s key risk areas
• Determining your organisation’s risk appetite
• Developing a risk identification and mitigation framework
• Planning for unpredictable events
Jackie Russell-Green, National Technical Manager, Staples Rodway
2.35
Stream 1: Technical and Accounting: Financial modelling and scenario analysis
• The role financial modelling has in increasing your organisation’s financial resilience
• Keys to building a successful and effective model
• Modelling uncertain or unpredictable scenarios
• The role financial modelling has in increasing your organisation’s financial resilience
• Keys to building a successful and effective model
• Modelling uncertain or unpredictable scenarios
Doug Haines, Partner, BDO
Doug Haines, Partner, BDO
Aaron Titter, Associate, BDO
2.35
Stream 2: Risk: The One Stop Update on Treasury and FX Risk Management
• Currency review and outlook for the next 6-12 months
• Adapting your FX risk strategy to the current business climate
• What are the general risk and trends ahead?
Mike Houlahan, Director, Tuatara Management
3.20
Afternoon tea
3.40
Stream 1: Business Skills and Strategy: Developing a working capital management framework in your organisation
• How to design and implement working capital policies
• Improving your collections process and identifying other common areas of cashflow blockage
• Improving your cash forecasting to develop a long term liquidity strategy
Alan Young, Regional Managing Partner, BNZ Partners (Northern Region)
3.40
Stream 2: Case Study: Corporate Performance Measurement and Management: Case Study: Embedding an effective results-oriented performance reporting framework
• How to focus on end delivery
• Identification of cost, scope and other slippage
• Creating a transparent and accountable performance culture across the organisation
In Wellington:
Ian Horne, General Manager – Corporate, Energy Efficiency and Conservation Authority
In Auckland:
Peter Ryan, Manager – Planning and Performance, Christchurch City Council
4.25
Stream 1: Business Skills and Strategy: Caveat emptor (let the buyer beware)! The financial due diligence toolkit
• Scoping, planning, and engagement
• Information request, analysis and interviews
• Reporting styles
• Post acquisition issues
• Ensuring your communications are noticeable and powerful
• Having hard conversations and dealing with difficult personalities
• Understanding how to communicate with different audiences with power
Doug Haines, Partner, BDO
Aaron Titter, Associate, BDO
4.25
Stream 2: Corporate Performance Measurement and Management: Case Study: Applying Lean and Kaizen philosophies to affect finance function transformation
• Common areas of process wastage and inefficiency in the finance function
• Barriers to methodology adoption and how they can be overcome
• Key lessons and learnings
Glenn Kirker, Business Improvement Manager – Business Transformation, KiwiBank
5.10
End of Day
Day 2
9.00
Stream 1: Business Skills and Strategy: Mastering business case analysis
• What the CFO and board are looking for in a business case
• Analysing the key assumptions and underpinnings of business cases
• Key measures to look at when considering project ROI
Shane Bongard, Director - Corporate Finance, PricewaterhouseCoopers
9.00
Stream Two: Technical and Accounting: The One Stop Update on Accounting Standards and IFRS
• Recently issued new standards and interpret=ations
• Other developments in the pipeline
In Wellington:
Kimberley Crook, Partner & Lara Truman, Senior Manager
In Auckland:
Kimberley Crook, Partner, Ernst & Young
9.50
Stream 1: Business Skills and Strategy: Streamlining and automating the finance function to deliver the most value to the organisation
• The importance of standardisation
• Where value can be unlocked through automation and analytics
• The link between process automation and transaction rationalisation
Gary Obbes, Financial Management Consulting Lead, IBM New Zealand
9.50
Stream 2: Technical and Accounting: Financial reporting: Your IFRS first-aid kit
• Pain points: deferred tax, financial instruments and more
• Case studies of where (and how) it all went wrong
• Tips on avoiding pitfalls before they occur
Jackie Russell-Green, National Technical Manager, Staples Rodway
10.40
Morning tea
11.00
Stream 1: Personal and Professional Development: The evolving skill set of the financial professional
• Beyond budgeting: the skill set of the new accounting professional
• Moving from reporting information, to making that data valuable to the business
• Widening your skill base to improve your career prospects
In Wellington: TBC
In Auckland:
Jason Cartwright, Director for Accounting, Banking & Financial Services
11.00
Stream 2: Technical and Accounting: Catching the crims: Accounting fraud, forensics and investigations
• Common areas and types of corporate fraud
• How fraud can be detected and prevented
• Conducting an investigation
Eric Lucas, Partner – Corporate Finance, PricewaterhouseCoopers
11.45
Stream 1: Personal and Professional Development: Talking dollars and sense: communications skills for the finance professional
• Ensuring your communications are noticeable and powerful
• Having hard conversations and dealing with difficult personalities
• Understanding how to communicate with different audiences with power
Anna Kominik, Partner, Ideas Shop
11.45
Stream 2: Technical and Accounting: Case Study: Operation QUEST – a sustainable bottom up performance improvement approach
• How Operation QUEST differs from other performance improvement methodologies
• Continuous monitoring and tracking to ensure value remains locked in the organisation
• Capability development so solutions are sustained
• Unlocking the passion and knowledge of those on the front line
Mike Bazett, Director, KPMG
12.30
Lunch: Sponsored by: randstad
1.20
The One Stop Economic Update
• How many potholes still lie on the road to recovery?
• Interest rates: how far and how fast will they rise?
• Exchange rates: how high will the Kiwi fly?
• Growth opportunities for the NZ corporate
Tony Alexander, Chief Economist, Bank of New Zealand
2.10
The One Stop Update in Employment Law
• Good Faith and Provision of Information under Section 4
• Holidays Act – Impacts of any new legislation
• Issues concerning contracting out
• Avoiding common employment law mistakes
• Update on recent case law
In Wellington:
Michael Quigg, Partner, Quigg Partners
Simon Martin, Solicitor, Quigg Partners
In Auckland:
Kathryn Beck, Partner, Swarbrick Beck Mackinnon
3.30
Afternoon tea
3.45
One Stop Prize Draw - Luxury Weekend Escape to Queenstown
3.50
Keynote Address: Leadership on and off the field
Steve Price, Rugby League Legend
4.30
Closing remarks from the Chair and end of conference
Sponsors
Lunch Sponsor Day 1
Lunch Sponsor Day 2
Exhibitors
Prices and Registration
Group Discount applies to this event:
Discount applies only to items highlighted below.
| Dates | Location | Standard price | Early bird price | |
|---|---|---|---|---|
| Conference 12 - 13 October | Duxton Hotel, Wellington | $1895 + GST | Not available | Register |
| Conference 19 - 20 October | Crowne Plaza, Auckland | $1895 + GST | Not available | Register |
| Masterclass Only 14 October | Duxton Hotel, Wellington | $895 + GST | Not available | Register |
| Masterclass Only 21 October | Crowne Plaza, Auckland | $895 + GST | Not available | Register |
| Conference + Masterclass 12 - 14 October | Duxton Hotel, Wellington | $2595 + GST | Not available | Register |
| Conference + Masterclass 19 - 21 October | Crowne Plaza, Auckland | $2595 + GST | Not available | Register |
