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Institute of Cost & Management Accountants of Pakistan

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

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  1. 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: kamjadsaeed@yahoo.com

  2. WELCOME TO OUR PROGRAM Presentation Frame (Four Aspects) • Changing Environment • Leaders Faced with Rising Expectations • CMAs Role: Four Stages • Our Preparation

  3. A: CHANGING ENVIRONMENT • Internal - Bottom Line - Productivity - growth - Market Penetration - New initiatives • External - PEST - Concept -Dimension - Horizontal - Vertical - Time

  4. A: CHANGING ENVIRONMENT 3. Task - Competition - Customers - Suppliers - Chanelsof Distribution

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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

  11. D: OUR PREPARATION 4. Stay Updated • Bangladesh • India • Sri Lanka 5. Value Creation • The Challenge THANK YOU FOR ATTENTIVE LISTENING. ASK ANY QUESTION.

  12. Annex “A” Leaders Guidelines for Development 1 Thinking 4 3 2 Outward Behaviour Feelings & Inter-relationships 5 11

  13. 1. Thinking • Capacity to Abstract: Coherent approach • Tolerance for Ambiguity: Confusion out • Intelligence: Abstract and be practical • Judgment: When to act

  14. 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

  15. 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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