Accounting for the Future
Held over three days – 1 to 3 December – ACCA’s Accounting for the Future virtual conference continues to innovate to provide you with an engaging, enjoyable learning and development experience, keeping you up to date with the tools you need to ensure business, accountancy practices and the public sector can adapt, survive and thrive in this challenging environment.
The theme of this year’s Accounting for the Future is 'Rethinking business for a sustainable recovery'. We’ll be analysing the challenges facing finance professionals around the world today with a host of targeted sessions featuring experts in their fields.
Our global, flagship event this year will be immediately followed (on 4 December) by ACCA’s Virtual Public Sector Conference, which focuses specifically on the interests of finance professionals working in the public sector around the world.
By attending Accounting for the Future, members can earn 18 units of CPD, with an additional seven units available to attendees of the public sector event.
With the world turned upside down by the pandemic, everything we have taken for granted is being re-evaluated. The accountancy profession is no exception. The world faces a series of challenges including climate challenge, economic uncertainty and the impact of digital technology. What is the role of finance professionals in creating a better world? Speakers including ACCA chief executive Helen Brand and IFAC president Alan Johnson FCCA set out a renewed vision for society, business and the profession.
Our demands on the earth’s resources are unsustainable. To help avert a crisis businesses need to understand the impact their decisions and activity are having on the natural ecosystem. Professional accountants with integrated thinking are well placed to help organisations drive the strategic use and management of relevant and reliable reporting of natural capital in combination with the other capitals used by business. Join this session to understand more about ACCA research, which looks at the business to better reflect natural capital across the business ecosystem. Plus learn about skills that a professional accountant should develop to deal with this existential challenge facing society and the environment.
Operating in a world living with Covid-19 creates unprecedented ethical challenges; dealing with stressful situations tests ethical foundations. This session explores how financial professionals can recognise and deal with emerging ethical issues, and play their part to ensure the recovery is grounded in an ethical way of operating – because shortcuts and wrong choices will have long-term consequences beyond the pandemic.
The global economy is entering the deepest recession since the 1930s. The nature and duration of the Covid-19 shock means there will be permanent changes to the structure of economies. In this session leading economists start to answer the big economic questions: how will global economies change, and how will excessive public sector debt be managed and paid for. This session will help financial professionals understand key macroeconomic forces affecting their businesses and their clients.
As organisations focus on purpose, people and profit after Covid-19, the relevance of technology increases, while the data analytics revolution develops at pace. In this session, we discuss practical examples of the analytics journey, demonstrating tools such as Python and reflect on how digital skills are important for accountancy and finance professionals in the future. It will be essential to gain confidence in this agenda alongside the necessary skills, but how best to do it?
Diversity and inclusion are major topics of our age. How can accountancy and finance professionals act as a force for good in achieving more diverse and inclusive organisations and societies? What should our role be? In this session we preview ACCA’s forthcoming ‘Diversity and Inclusion in Accountancy and Finance’ report and consider why it matters, what needs to be done and how it can be achieved. ‘Diversity and inclusion is relevant to the whole of the accountancy profession, together we can drive change for the better.
CFOs continue to be of paramount importance to organisations of all sizes, no more so than in the SME sector. In this session we discuss two ACCA reports and the practical insights that each provide, alongside a panel of finance leaders. ‘The CFO of the Future’ looks at how stakeholder expectations are evolving, while ‘Space to grow: the future of business support’ looks at alternative business support models and how accountancy and finance professionals can become agents for growth.
The pandemic is forcing finance functions into new ways of working, including remote working, which has increased efficiency and reduced process times. Could these apparent gains be crystallised? Is this a long-awaited step change for the finance function? This session gives insights into research results from ACCA and PwC due out in 2021. Find out whether its revolution or evolution for your or your clients’ finance function.
Covid-19 has raised risk governance to the top for good. Organisations of all sizes and sectors are rethinking their purpose, reframing their future in a fast-moving risk landscape; the role of company boards, enterprise-wide risk strategies and stakeholder expectations have all taken on a new meaning. In this session our panellists will discuss lessons learned and opportunities presented in 2020, and how companies’ risk appetite will drive business strategies forward.
Better social and environmental impact management for SMEs is essential to improving resilience and making the most of sustainability-related opportunities. This session explores practical benefits of sustainable practices for small businesses, with examples of SMEs championing sustainability with a positive social impact. We also review the important role that SMPs have as sustainability trailblazers: what steps can every practitioner take to advance their SME clients’ sustainability?
The twin shocks of the health and economic crises have led governments to adopt innovative and sizable policy interventions. However, many of these are not captured by traditional economic metrics, like debt-to-GDP ratios. To provide a holistic view of a government’s financial position ‘a balance-sheet approach’ is needed, using accounting data to identify, measure and manage these newly created liabilities. Find out why accounting data is essential for combating this global pandemic.
ACCA is intent on giving members the support they need to fulfil their learning requirements, including via the imaginative use of digital tools. Join this session to learn how you can access the learning that meets your needs; find out how what you have achieved this year may still count as CPD; and explore how you can stay up to date and ensure you have the relevant knowledge for your career and professional life, now and in the future.
The auditing profession has long been aware of an expectation gap, particularly regarding the auditor’s responsibilities in the areas of fraud and going concern. This gap is also a common theme among various recent audit reform reviews happening globally. ACCA’s report ‘Closing the expectation gap in audit’, in 2019 set out an approach in narrowing the expectation gap. This session will provide an update on the preliminary findings of our continuous research.
What makes a good tax system? This session explores the three fundamentals: simplicity, certainty and stability, based on ACCA’s latest tax report. Today’s environment creates an opportunity to build systems that taxpayers understand and engage with but what about longer-term factors, such as environmental concerns, digitalisation and demographic change? Find out how finance professionals can help policy setters navigate these pressures to create a system built on solid foundations.
This session provides an update on the IASB's current agenda and imminent releases, and there will be more detailed discussion on ACCA research relating to intangible assets and exploration by extractive industries.
Experts discuss the latest developments and trends in the area of climate-related disclosure in financial reports.
The pandemic has brought great change and placed stresses on many of us in different ways. This session offers insights on how to develop mental resilience and manage change in both ourselves the people around us in the face of massive challenge and uncertainty.
Join the final session where a global panel - Kevin Fitzgerald FCCA (Singapore), Damien Skeete FCCA (Barbados), Renganathan Kannan FCCA (Malaysia) and Heather Smith FCCA (Australia) - explores career paths, CVs, skills, continuous learning, trust and ethics, digital connectivity and automation. Use this session to reflect on how the accounting community should leverage these trends in their professional lives, in their business, and in the businesses of their clients.