Jeff Walters, President
In this issue:
Free Report: Preparing Your Company for Change and Disruption
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Student Night | September 27 |
5:00 - 8:00
Reservation Deadline: Friday, September 23
Technical Session (5:00 - 6:00 pm)
After-Dinner Technical Session (7:00
- 8:00 pm)
According to Innovation and ERM: partners in managing the waves of disruption, a new report released by ACCA (Association of Chartered Certified Accountants) and IMA® (Institute of Management Accountants), companies must regularly and systematically consider emerging risks to fueling innovation.
In the accounting and finance profession specifically, understanding risk is a key to successfully divert a company from failure to success. As a result, there is growing pressure for accountants to develop business-risk acumen on top of their financial expertise.
“Financial professionals are typically risk averse but need to expand their comfort level to become true strategic players,” said Raef Lawson, Ph.D., CMA, CPA, vice president of Research and Policy at IMA. “CFOs and future finance professionals need to have a mind shift from accounting and control to a focus on the drivers of value in the business.”
ERM does not only enable a company to innovate but can also protect it from the downside of innovation. Companies that do new and strategic things to create their own wave of disruption must also manage the associated risk and uncertainty. This requires a different approach that captures new thinking and new risk tools.
“Innovating without knowing the associated risk is a primary reason for failure in business,” said Faye Chua, head of Business Insights at ACCA. “Being proactive in planning against unforeseen challenges paves the way to succeed in times of uncertainty.”
This report is a product of the strategic partnership between ACCA and IMA, focusing on research studying the future of the global accounting profession.
You will earn CMA and CPE credits when you attend any live webinar. Replay webinars are available in the archive but do not earn credits. Advance registration is recommended—IMA webinars are popular and fill up quickly.
Virtual Finance Forum
Tech Talk Mondays: Get Your Tech On – Technology Trends to Watch
T&E Expense Spending and Automation Technology Trends for 2016
GForces@Work: Understanding the Perceived Shift of Gen Y in the Workplace
Hire Right the First Time
2016-2017 tech sessions will be held at Kozmo's Grille with the exceptions noted below. There are two hour-long sessions beginning at 5:00 and 7:00 and dinner in between.
Cost for dinner is $30 regardless of the location. Please look for invite emails with registration information prior to each meeting.
• Social/Networking at 4:45 pm
• Pre-Dinner Technical Session at 5:00
• Dinner at 6:00 pm
• Post-Dinner Technical Session at 7:00 pm
More info: http://canton.imanet.org
The mission of the Institute of Management Accountants (IMA) is to provide a forum for research, practice development, education, knowledge sharing, and the advocacy of the highest ethical and best business practices in management accounting and finance. Please join us as we promote this mission in the greater Canton, Ohio, area.