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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]


WELCOME TO OUR PROGRAM

Presentation Frame

(Four Aspects)

  • Changing Environment

  • Leaders Faced with Rising Expectations

  • CMAs Role:

    Four Stages

  • Our Preparation


A: CHANGING ENVIRONMENT

  • Internal

    - Bottom Line

    - Productivity

    - growth

    - Market Penetration

    - New initiatives

  • External

    - PEST

    - Concept -Dimension

    - Horizontal

    - Vertical

    - Time


A: CHANGING ENVIRONMENT

3. Task

- Competition

- Customers

- Suppliers

- Chanelsof Distribution


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


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


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


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


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


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


  • D: OUR PREPARATION

    4. Stay Updated

    • Bangladesh

    • India

    • Sri Lanka

      5. Value Creation

  • The Challenge

  • THANK YOU FOR

    ATTENTIVE LISTENING.

    ASK ANY QUESTION.


    Annex “A”

    Leaders Guidelines

    for Development

    1

    Thinking

    4

    3

    2

    Outward Behaviour

    Feelings &

    Inter-relationships

    5

    11


    1. Thinking

    • Capacity to Abstract: Coherent approach

    • Tolerance for Ambiguity: Confusion out

    • Intelligence: Abstract and be practical

    • Judgment: When to act


    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


    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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