The 2023 Cricket World Cup, which kicked off in India this month, is expected to bring many economic benefits for the host nation. With ad revenues expected to be 60% higher than last time, sponsorship and media deals will boost broadcasters and streaming platforms, while the influx of passionate fans is expected to contribute around US$1.5bn to the tourism sector.
For followers of Formula 1, we feature an interview with McLaren Racing CFO Laura Bowden FCCA, who in the course of 20-plus years with the F1 group has worked her way up to pole position in the finance team. Read her story.
We also speak to Jaysen Toocaram FCCA, director of finance at mass caterer Newrest Wacasco in Oman. He discusses the challenges of ensuring delivery of 45,000 meals a day to 35 clients in the oil and gas industry across the sultanate, as well as hospitals, schools, defence and other establishments. Originally from Mauritius, Toocaram’s career has taken him from one side of Africa to the other and on to the Middle East, where a key focus now is the automation of Newrest Wacasco’s finance department.
We hear how accountants in South Asia are guiding businesses through tough times and have advice from UAE practitioners on how to approach digitalisation. And in our latest tips for practice management, we look at appraisal systems and how to get them right.
Lastly, just a reminder that registration for ACCA’s annual virtual conference ‘Accounting for the Future’ is now open. Find out about the topics under discussion over the three days (with 21 CPD units on offer), and register to watch live on 21-23 November or on demand. For members in the public sector, ACCA’s Virtual Public Sector Conference is being run on 24 November (and available on demand). Find out more.