Transcript HEALTH

Institute of Cost & Management
Accountants of Pakistan
Event:
SAFA
Summit & 12th Management Accountants International
Conference
Topic:
COST & MANAGEMENT ACCOUNTANTS AS FUTURE LEADERS
Venue & Date:
International Expo Centre, Lahore, November 10, 2012
Presentation by
Prof. Dr. Khawaja Amjad Saeed
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 (19972000), 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]
1
PRESENTATION FRAME
(Four Aspects)
A.
Changing Environment
B.
Leaders Faced with Rising Expectations
C.
CMAs Role:
Four Stages
D.
Our Preparation
2
A: CHANGING ENVIRONMENT
1.
Internal
-
2.
Bottom Line
Productivity
growth
Market Penetration
New initiatives
External
-
PEST
Concept -Dimension
Horizontal
Vertical
Time
A: CHANGING ENVIRONMENT
3.
Task
-
Competition
Customers
Suppliers
Chanels of Distribution
B: LEADERS FACED WITH RISING EXPECTATIONS
1.
2.
Politicians
- Manifestos
- Promises and Performance
- Accountability
Social Activists
- NGOs
- Individuals
- Abdul Sattar Eddi
- Prof. Dr. Younus
- Premadasa
- Examples fromother SAFA Countries
B: LEADERS FACED WITH RISING EXPECTATIONS
3.
4.
Economists
- GNP
- Per Capita income
- PQLI
- HDI
- Happiness Index: Joseph Stiglitz (11 points)
- Socio-Economic well being
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.
2.
Upto 1945
- Recording of Cost
- British Influence
- Biggs
- Wheldon
- Concept
- Application
- Segmentation Accounting
- 1969-Pakistan
- 1971-Canada
1946-1972
- Cost Reduction
- Cost Management
- Part of Management team as Player
C: CMAs ROLE (Four Stages)
3.
4.
1973-20th Century
- Oil Impact
- 1973: Prices tripled
- 1979: Price hike
- On Board
- Innovative Thinking
- WTO impact
- Globalization
21st Century
- Opinion Leader
- Value Creation
- Assertive with Holistic Approach
D: OUR PREPARATION
(Five Point Charter)
1.
2.
3.
Leaders: Guidelines for Development (Annex “A)
Beyond CMA
Business & Economic Environment

Global Outlook


4.
Economics


SAFA Region
Stay Updated






New Economy
Smart Phones
Global Partners
CMA-Canada
CIMA-UK
SAFA
Regions
Linkages
D: OUR PREPARATION
4.
Stay Updated



5.
Bangladesh
India
Sri Lanka
Value Creation

The Challenge
Annex “A”
1
Thinking
Leaders Guidelines
for Development
4
3
Outward Behaviour
5
2
Feelings &
Inter-relationships
11
1. Thinking
1.
Capacity to Abstract: Coherent approach
2.
Tolerance for Ambiguity: Confusion out
3.
Intelligence: Abstract and be practical
4.
Judgment: When to act
2. FEELINGS & INTER-RELATIONSHIPS
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
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
1.
Vision:
Self and org.
2.
Perseverance:
Stick to task with results
3.
Personal Organization: Time Conscious
4.
Integrity:
Value System
5.
Social Responsibility:
Assume Leadership with respect to
responsibility