ASEAN Federation of Accountants

To provide an organisation for ASEAN Accountants for the further advancement of the status of the profession in the region with the view to establishing an ASEAN philosophy on the accounting profession.

IAI - ACCA - AFA Regional Joint Conference 2018

Technological advances can bring great benefits to accountants and finance functions if they are willing to embrace them. The business environment is changing. Advances in technology are challenging established businesses and business models. Organisations are in a race to remain relevant to their customers and communities.

Technological advances
Technological advances provide finance functions with significant opportunities to play a valued role in maximising the organisations strategic ambitions.

They may not all be relevant to all immediately, however, understanding which of them apply and can deliver value, is important.

Six key technologies to focus on:

  • Robotic Process Automation
  • AnalyticsCloud computing
  • Cyber
  • Artificial Intelligence
  • Social

Impact on talent
Technology is only ever an enabler. It requires judgement and interpretation applied to both its inputs and outputs. As technology changes, however, there is an impact on the skills and talent required in finance. There is a need for more data and analytical skills.

Leading the change
Such a journey can be threatening to those who feel vulnerable as a result of the change. Finance leaders need to provide sponsorship and commitment to the process - and make the business case for change. Engaging those impacted in the process at all stages. It provides opportunities for those impacted.

The race for relevance
The CFO needs to lead the race for relevance. The adoption of technology to the benefit of the organisation.

We are pleased to present the IAI – ACCA – AFA Regional Joint Conference 2018: “The Race for Relevance – Technology opportunities for accounting and finance function”, to be held at AYANA MidPlaza, 3 May 2018. This event is a collaboration with IAI and ACCA and supported by AFA. To register please refer to this link.

Category: International Accountancy | Post on 07 April 2018

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