Value creation driving business in turbulent times’ would be CIMA’s primary thrust at the first Regional Technical Symposium in Colombo next year. Usually accounts and accountants do not generate that much emotional interest. But built -up enthusiasm coupled with global recession in most financial markets will be subjects discussed at these sessions. Needless to say determination on given subjects to be addressed in Colombo would not have effective clout to thwart further debacle in financial markets, but nevertheless awareness created at the Colombo symposium will, it is expected , generate questions that could be addressed to subvert impending catastrophe as witnessed in the ongoing world economic and financial markets.
The regional Technical Symposium would be held next year February 13th through 14th.
The audience expected would include CFO and CEO of leading companies from India, Pakistan, Malaysia, Singapore, Hong Kong, the Middle East, UK, and Sri Lanka said.
Divisional President CIMA, Gowrie Shankar,
At the press briefing held late last week, questions from the press included credibility of CIMA and its pointed applications to thwart the cash crunch presently affecting world cash origins. Not least that CIMA had 160,000 members spread through 161 countries. The question was that either CIMA could have contributed to the cash crisis or that this organization would through its learning options had the foresight to avert the crisis.
Answering this question Gowrie Shankar said in the global context as witnessed in correct perspective it could not be that the world wide phenomenon to hit the cash crunch was makings of CIMA, but conversely one that brought to attention its corrective stance to arrest such debacle. This she said was part of CIMA’s instructional direction accepted in most locations and applied successfully where ever CIMA was instrumental for success of any organization.
The Conference next year would include Brand valuation, Financial risk management, also corporate bankruptcy driving recession.
Next years sessions would also include CEO hard talk value through financial risk and subjects common to usual business parameters setting benchmarks for future CIMA pointers for better management.
Chairman Technical Committee Dulsiri Andradi, also said value creation, driving business in turbulent times, would form part of the main thrust calibrated for deliberations early next year.
Key note is expected to be Professor Falconer Mithchell professor of Management Accounting, at the University of Edinburgh where he has worked the past 30 years. He is presently Chairman CIMA’s research board.
All in all transfer of knowledge would not be inconsistent with the crisis facing the financial world today.