Institute of cost management accountants of pakistan
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Event:. SAFA Summit & 12 th Management Accountants International Conference . Institute of Cost & Management Accountants of Pakistan . Topic: . COST & MANAGEMENT ACCOUNTANTS AS FUTURE LEADERS . Venue & Date: . International Expo Centre, Lahore, November 10, 2012. Presentation by.

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Institute of cost management accountants of pakistan

Event:

SAFA Summit & 12th Management Accountants International Conference

Institute of Cost & Management Accountants of Pakistan

Topic:

COST & MANAGEMENT ACCOUNTANTS AS FUTURE LEADERS

Venue & Date:

International Expo Centre, Lahore, November 10, 2012

Presentation by

Prof. Dr. KhawajaAmjadSaeed

Professor Emeritus & Founder Principal, Hailey College of Banking & Finance, University of the Punjab, Lahore Pakistan (2003----), Member Governing Council, International Federation of Accountants (IFAC), New York (1997-2000), President, South Asian Federation of Accountants (SAFA) (1997), President, Institute of Cost and Management Accountants of Pakistan (1997-2000), President, Association of Management Development Institutions of South Asia (AMDISA) (1993-96), Pro Vice-Chancellor University of the Punjab, Lahore (1994-1996), Founder Director, Institute of Business Administration (IBA), University of the Punjab, Lahore (1973-1996), Senior Faculty Member, Hailey College of Commerce, University of the Punjab, Lahore (1965-73) and senior Faculty Member, Hailey College of Commerce, University of the Punjab, Lahore-Pakistan. Earlier he had eight years experience in corporate world (1958-65). Email: [email protected]


Institute of cost management accountants of pakistan

WELCOME TO OUR PROGRAM

Presentation Frame

(Four Aspects)

  • Changing Environment

  • Leaders Faced with Rising Expectations

  • CMAs Role:

    Four Stages

  • Our Preparation


Institute of cost management accountants of pakistan

A: CHANGING ENVIRONMENT

  • Internal

    -Bottom Line

    -Productivity

    -growth

    -Market Penetration

    -New initiatives

  • External

    -PEST

    -Concept -Dimension

    -Horizontal

    -Vertical

    -Time


Institute of cost management accountants of pakistan

A: CHANGING ENVIRONMENT

3.Task

-Competition

-Customers

-Suppliers

-Chanelsof Distribution


Institute of cost management accountants of pakistan

B: LEADERS FACED WITH RISING EXPECTATIONS

  • Politicians

    -Manifestos

    - Promises and Performance

    - Accountability

    2.Social Activists

    -NGOs

    - Individuals

    - Abdul SattarEddi

    - Prof. Dr. Younus

    - Premadasa

    - Examples fromotherSAFA Countries


Institute of cost management accountants of pakistan

B: LEADERS FACED WITH RISING EXPECTATIONS

3.Economists

-GNP

- Per Capita income

- PQLI

- HDI

- Happiness Index: Joseph Stiglitz(11 points)

- Socio-Economic well being

4.Technologists

-Synergy


Institute of cost management accountants of pakistan

B: LEADERS FACED WITH RISING EXPECTATIONS

5.Professional Accountants

-Financial

- Assurance

- Diversified Roles

- CMAs

- Global Challenges

- Consumers

- Low Cost

- Avoidance of Waste

- Productivity

- Public Policy

- Cost Minimization

- Revenue Maximization

- Profitability:

- Area wise

- Customer wise

- Product wise

- etc


Institute of cost management accountants of pakistan

C: CMAs ROLE (Four Stages)

1.Upto 1945

-Recording of Cost

- British Influence

- Biggs

- Wheldon

- Concept

- Application

- Segmentation Accounting

- 1969-Pakistan

- 1971-Canada

2.1946-1972

-Cost Reduction

- Cost Management

- Part of Management team as Player


Institute of cost management accountants of pakistan

C: CMAs ROLE (Four Stages)

3.1973-20th Century

-Oil Impact

- 1973: Prices tripled

- 1979: Price hike

- On Board

- Innovative Thinking

- WTO impact

- Globalization

4.21st Century

-Opinion Leader

- Value Creation

- Assertive with Holistic Approach


Institute of cost management accountants of pakistan

D: OUR PREPARATION

(Five Point Charter)

  • Leaders: Guidelines for Development (Annex “A)

  • Beyond CMA

  • Business & Economic Environment

    • Global Outlook

      • Economics

        • Regions

        • Linkages

  • SAFA Region

  • Stay Updated

    • New Economy

    • Smart Phones

    • Global Partners

    • CMA-Canada

    • CIMA-UK

    • SAFA


  • Institute of cost management accountants of pakistan

    D: OUR PREPARATION

    4.Stay Updated

    • Bangladesh

    • India

    • Sri Lanka

      5.Value Creation

  • The Challenge

  • THANK YOU FOR

    ATTENTIVE LISTENING.

    ASK ANY QUESTION.


    Institute of cost management accountants of pakistan

    Annex “A”

    Leaders Guidelines

    for Development

    1

    Thinking

    4

    3

    2

    Outward Behaviour

    Feelings &

    Inter-relationships

    5

    11


    Institute of cost management accountants of pakistan

    1. Thinking

    • Capacity to Abstract: Coherent approach

    • Tolerance for Ambiguity: Confusion out

    • Intelligence: Abstract and be practical

    • Judgment: When to act


    Institute of cost management accountants of pakistan

    2. FEELINGS & INTER-RELATIONSHIPS

    • Authority-Boss

    • Activity-Needs of organization

    • Achievement-Org. Success

    • Sensibility- Subtleties

    • Involvement-Ownership

    • Maturity-Relation with authority figures

    • Inter dependence – Holistic approach

    • Articulateness-Good impression

    • Stamina-Physical and mental

    • Adaptability-Manage stress

    • Sense of Humour –Self : not serious


    Institute of cost management accountants of pakistan

    3. OUTWARD BEHAVIOR

    • Vision:Self and org.

    • Perseverance: Stick to task with results

    • Personal Organization:Time Conscious

    • Integrity:Value System

    • Social Responsibility: Assume Leadership with respect to responsibility


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