Username:
Password:
Forgot Password?

Chartered Accountants - ACT Local News February 2008

Print this Article Print this Article
Email this Article

From the Chair, ACT Regional Council 
Picture of Steven McDonnell 
 
Welcome everyone to 2008. As the new Chair for the ACT Regional Council I am pleased and excited about my role this year. I have been a member of the Institute since December 2000 and joined the ACT Council in 2006. I look forward to the year ahead and the many prospective opportunities available to the ACT Council.  
 
I would like to take this opportunity to introduce Kelly Fenner MBA FCA, who is the new Vice Chair. Ms Fenner was elected to the ACT Council in January 2004. She joined the Institute in March 1995 and advanced to Fellow in May 2003.  
 
I also welcome Michael Watson FCA to the Board as our ACT representative, together with the new and continuing Councillors. I am looking forward to working with you all and hope we can succeed together to develop innovative ideas that will benefit the world of Chartered Accountants.  
 
Special thanks and best wishes goes to out-going Councillors: Sean Michelle FCA, Michael Watson FCA, Frank Lo Pilato FCA, Gail Freeman, and former Board Member Jenny Morrison FCA.  
 
I look forward to meeting members in the ACT and becoming actively involved in the exciting events scheduled for 2008.  
 
Best wishes to you all, I hope 2008 brings you much happiness and success.  
 
 
Steven McDonnell FCA  
Chair, ACT Regional Council  
 
 
 


Top 
 
From the General Manager ACT  
Picture of Renee LeGrande 
 
Happy New Year. I hope you are all well rested and prepared for the year ahead.  
 
It is going to be a full year of activity at the Institute in 2008. We have the Business Forum in June and many careers marketing initiatives throughout the year.  
 
Business Forum is a perfect opportunity for our members to address any training requirements and to listen to presentations on a range of interesting topics.  
 
For careers marketing, we have events such as the Employment Evening and Food for Thought dinner, which aim to increase awareness of the Chartered Accountants Program within the youth market.  
 
We have also set up a Young Members Committee dedicated to looking out for the interests of young Chartered Accountants in the Canberra region. The Young Members Committee has been formed to assist young Chartered Accountants establish themselves in the accounting profession by enhancing their professional skills, mentoring and developing professional networks; not just in the profession but in the wider business community. The first Professional Networking event will be held in March – stay tuned for more details.  
 
I would like to welcome the new Chair, Steven McDonnell FCA. Steve has been a Council member for two years and works at ACTEW AGL as a Group Manger for Accounting and Taxation.  
 
And finally our Deakin offices lease expires shortly. To ensure our premises reflect the needs of our members and candidates completing the program, we will be moving to a larger office as we have outgrown the Deakin office.  
 
Wishing you all the best for the year ahead.  
 
Renee LeGrande  
General Manager, ACT  
The Institute of Chartered Accountants in Australia  
National Surveyor's House  
27-29 Napier Close  
Deakin ACT 2600  
 
Phone: 02 6285 2198  
Fax: 02 6282 9800  
 

Top 
 
Key announcements from the Global Accounting Alliance  
 
The Global Accounting Alliance (GAA) board met in Mexico City last month. Key announcements were as follows:  
  • The GAA has successfully increased member benefits and value added services through overseas support mechanisms. It has also promoted the international portability of qualifications while always ensuring public interest is retained  
     
  • The GAA’s focus for 2008 and beyond is on leadership on issues of convergence in particular in the capital markets; relationships with the global firms; relationships with regulators; and liability reform in respect of sharing information on what has been achieved in Australia  
     
  • The GAA will present a leadership paper in mid 2008 with views of key personnel within the major regulator bodies  
     
  • Excluding the American Institute of Certified Public Accountants, in principle an agreement has been reached that local tax and company law will no longer be required for GAA members, unless they are a principal in a public practice firm or need to for registration purposes, in order to seek membership of each others' Institutes. Formal approval from boards and councils is being reached  
     
  • Each member’s Chartered Accountants education program will now be recognised equally.  
     
  • Institute of Chartered Accountants in England and Wales reported back on the European common content program being developed for accounting education.  
In addition, the Institute has acquired more than 2000 registrations from GAA members in Australia who have signed up with us to receive Institute benefits.  
 
Relevant links: 
 
The Institute: GAA 
The GAA: website 
 

Top 
 
Andrew Arkell named President  
Picture of Andrew Arkell 
 
The appointment follows a series of posts Andrew has held for the Institute, both on Queensland Regional Council and as a board member from 2004 to 2007. As President, Andrew will lead the board in setting and governing the strategic direction of the Institute.  
 
Based in Queensland, Andrew is the Head of Corporate and Advisory Services at fund management firm Queensland Investment Corporation (QIC) and has more than 24 years business experience to draw on. His roles in Chartered Accounting firms, government and in commerce will help Andrew understand the diverse needs of more than 46,000 members.  
 
Commenting on his appointment, Andrew said, “Accounting is a profession that continues to be diversified as more demands are placed on business. Chartered Accountants play an integral part in the Australian economy and I am looking forward to representing all sides of the membership in this important role.”  
 

Top 
 
Don’t miss out! Book now for your table at the Chartered Accountants Business Leader Awards 
 
The prestigious Chartered Accountants Business Leader Awards is on 14 March at Luna Park, Sydney and is one of the highlights of the corporate calendar.  
 
Book your table now to secure your place at the number one networking event. 
 
Ali Moore, presenter of ABC’s Lateline Business, will host the evening of fine dining and entertainment, which will be attended by more than 300 business and government leaders and media representatives.  
 
This year’s Award is gearing up to be the most hotly contended yet, with more than 170 nominees vying for the title. 
 
The nominees for 2008, said to represent the wealth of business talent in Australia, are judged on their ability to demonstrate visionary leadership, exhibit best practice, show innovation and take risks, foster positive employee relations and contribution to the community. 
 
Last year Brian McNamee, Managing Director of CSL Limited was named the 2007 Business Leader and Philip Green, Managing Director, Babcock & Brown won outstanding Chartered Accountant in Business Award. 
 
The Business Leader Awards, now it its ninth year, is proudly partnered by Perpetual and considered Australia’s highest accolade in business.  
 
For your opportunity to attend this renowned gala event, please complete the booking form
 

Top 
 
Join one of the most elite clubs in the world  
 
A keen swimmer from a young age, Chartered Accountant Craig Burton, continued his passion for swimming and found it a great way to keep fit while still being able to juggle the demands of managing a practice.  
 
In 2006 after being inspired by Des Renford and Ian Heads’ book, Nothing Great is Easy, Craig decided to take the plunge and attempt the Channel swim from Dover, England to Calais, France as a soloist.  
 
The Channel in the Strait of Dover is a unique and demanding swim, considered by many to be the ultimate long distance challenge. Craig swam the 34 kilometres in 11 hours and 50 minutes, with the last 10 kilometres described as the hardest. Craig became the 36th Australian to swim the Channel at the time.  
 
“It is a demanding swim, but extremely worthwhile. Swimming in freezing water wearing only a standard swimming costume and grease for insulation, in one of the busiest shipping lanes in the world, is a challenge,” said Craig.  
 
“In my mind preparation is key to success. This discipline is something that I learnt while completing the Chartered Accountant Program and that I use everyday in my practice. I have been able to transfer this skill to the very practical challenge of swimming the Channel,” he added.  
 
Craig recalls swimming 132 laps at his local beach in 16 degree water from 6.00am until 4.00pm, in order to qualify to register for the Channel swim.  
 
He is gearing up to do the Channel swim again but this time in a relay team - training to take place this year, with the view to compete in 2009.  
 
“I am calling out to any fellow accountants, candidates or members, who would like to be part of a once in a life time opportunity. This could be your chance to swim the Channel in a relay team,” he added.  
 
Any candidates or members interested in becoming involved are encouraged to contact craig.burtonaccountants@bigpond.com  
 
Craig started his practice Burton Accountants, in 2007 and is based in Eastwood, New South Wales.  
 

Top 
 
Job Search can help your new year take flight  
 
The Chartered Accountants Job Search recruitment website recently turned one year old, and to celebrate the Institute is giving away a Flight Centre voucher valued at $2000 RRP.  
 
Job Search is a dedicated and specialised online recruitment service designed to help employers target their recruitment effort, and to assist Chartered Accountants and candidates with their next career step.  
 
Employers: 
  • Post jobs, manage and respond to applications from qualified applicants 
  • Set up screening questionnaires 
  • Build awareness through company profiles, banner ads and premium listings 
  • Receive discounted rates for members and companies/firms who employ Chartered Accountants  
  • Enjoy discounted rates for bulk purchases of 10 jobs or more through the sales team
     
     
    Job seekers: 
  • Access the best jobs in the market, industry insights and recruitment tips 
  • Navigate the powerful and easy to use job search engine  
  • Upload resumes online  
  • Track the status of an application 
  • Set up job alerts 
  • Research employer profiles. 
     
    To enter and find out how Job Search can help your new year take flight, all you have to do before 14 March 2008 is: 
     
    Job seekers 
    1. register a job seeker account on charteredaccountants.com.au/jobsearch 
    2. post your résumé online 
    3. tell us via email in 25 words or less why you think Job Search is the number one recruitment website for Chartered Accountants. 
     
    Employers 
    1. register an employer account on charteredaccountants.com.au/jobsearch 
    2. post one job ad by 14 March 2008 
    3. tell us via email in 25 words or less why you think Job Search is the number one recruitment website for Chartered Accountants. 
     
     
    Whether you're looking for new staff or a new start in 2008, Chartered Accountants Job Search can help. Visit  
    http://www.charteredaccountants.com.au/job_search or call the Institute on 1300 137 322. 
     
    Full terms and conditions are available online
     

    Top 
     
    Food for Thought dinner  
     
    To attract more people to the accounting profession, a dinner is being coordination in an effort to develop and foster relationships with the secondary sector.  
     
    Teachers, principals and year twelve coordinators are being invited to attend the dinner at the National Museum, where they will hear from some of the big names in Canberra's business - how they built their careers and the opportunities available to their students as Chartered Accountants.  
     
    The overall goal of the evening is to develop a program of initiatives that will ensure students have the right information about a career in business as a Chartered Accountant, at the time of students decision making.  
     
    For more information please email: melinda.katavic@charteredaccountants.com.au  
     

    Top 
     
    Employment evening  
     
    Third and final year students are invited to attend the Institute's Employment Evening on 26 March. The evening gives students the opportunity to meet employers, make an impression and find the quality work experience they need to get ahead.  
     
    Employers from Government, Big 4, commerce and public practice will be there to talk to students about their organisations and the work experience positions available.  
     
    For more information please visit: http://www.charteredaccountants.com.au/A116882956 
     
    Or email: melinda.katavic@charteredaccountants.com.au  
     

    Top 
     
    Wanted - Focus Session Leaders for 2008 
     
    Members have the opportunity to apply to become a Focus Session Leader this month for modules offered in the Chartered Accountants Program in 2008.  
     
    A Focus Session Leader helps candidates engage with the practical application of the technical material within a module. They guide candidates in the application of the theory to work based situations, and help them identify any gaps in their knowledge.  
     
    The highlights of the role are:
    • The opportunity to contribute knowledge and experience to the training of future Chartered Accountants
    • The experience of facilitating and leading a group-learning situation
    • Being remunerated, while ‘giving back’ to the profession
    • Earning qualifying hours.
    All Focus Session Leaders must be a Chartered Accountant, or a person with comparable and recognised overseas qualification, with a minimum of two years work experience in a relevant technical area.  
     
    The five modules of the Program are: Taxation, Audit & Assurance, Management Accounting & Analysis, Financial Accounting & Reporting, and Ethics & Business Application. Ethics & Business Application – this module requires a broad understanding across all the technical areas.  
     
    For more information: 
    Members interested in becoming a Focus Session Leader for the Chartered Accountants Program please email: registration.act@charteredaccountants.com.au 
     
    To apply please email: joanna.destoop@charteredaccountants.com.au 
     

    Top 
     
    Conference rooms at the Institute 
     
    Did you know that the Institute's offices in Deakin have two function rooms that are available to hire for meetings and conferences? 
     
    If you would like information regarding availability and charges please contact Debbie on 6282 9600 or send an email to deborah.harper@charteredaccountants.com.au 

    ACT February Issue 1 


     
    In this Issue 
     
     
    From the Chair, ACT council 
    More > 
    From the General Manager ACT 
    More > 
    Corporate: Key announcements from the Global Accounting Alliance  
    More > 
    Andrew Arkell named President  
    More > 
    Don’t miss out! Book now for your table at the Chartered Accountants Business Leader Awards  
    More > 
    Join one of the most elite clubs in the world  
    More > 
    Job Search can help your new year take flight  
    More > 
    Food for thought dinner  
    More > 
    Employment evening  
    More > 
    Wanted - Focus Session Leaders for 2008  
    More > 
    Conference Rooms at the Institute 
    More > 
    Library 
    More > 

     
    Editor 
    Melinda Katavic 02 6282 0590 
    Email: Melinda Katavic 
    ACT State website 
     

    Top 
     
    News from the Knowledge Centre 
     
    Knowledge at your fingertips with EBSCO 
    Members and candidates now have free access to a variety of full text articles from over 10,000 publications via EBSCO's databases. These resources can be accessed at your fingertips through a variety of options, such as email, search alerts and an online account. More> 
     
    Resources through subscription services 
    In addition to EBSCO, the Knowledge Centre subscribes to a variety of online and hard copy services from major publishers such as LexisNexis, Thomson, CCH, the Television Education Network and the Taxation Institute of Australia (TIA), plus a variety of journals such as the International Accounting Bulletin. These resources can be accessed in a many ways depending on license agreements. For more information please contact the Knowledge Centre team 
    More > 
     
    Collection review and sale 
    The Knowledge Centre's book, looseleaf and online collection is currently being reviewed. Obsolete titles are being disposed of, and old editions of popular titles are being offered for sale at heavily discounted prices to members and candidates. For more information please contact the Knowledge Centre team. More > 
     
    Whilst it's out with the old, it's also in with the new. The most recent book titles added to this collection are listed below. Reviews on these books can be found on the Knowledge Centre's online library. More >
    • Accounting Careers: Adding interest to your future!
    • The Extreme Future: The top trends that will reshape the world for the next 5, 10, and 20 years
    •  
    • Risk Management
    • Wikinomics: How mass collaboration changes everything
    • Wikis for Dummies
    Australian Articles February 2008 
    Each month the Knowledge Centre team compiles selected articles from Australian sources on a wide range of current general interest, accounting and business topics. Overviews of these articles can be found in the Knowledge Centre's online library More > 
     
     

    Top 
     
     
    The official e-newsletter of the ACT region of the Institute of Chartered Accountants in Australia. 
     
    National Surveyors House 
    27 Napier Close 
    DEAKIN ACT 2600 
    GPO Box 396 
    CANBERRA ACT 2601 
    Ph: 02 6282 9600 
    Email:  
    service@charteredaccountants.com.au
     
    ABN 50 084 642 571