Update from Ciaran Phelan, Head of Ireland
Welcome to our Spring edition of Members Plus.
The clocks have gone forward, vaccination has started and undoubtedly there are brighter days ahead.
Many parts of our economy have continued to perform well despite the pandemic. Both business and their employees have proved very adaptable and resilient however, this would not have been possible without the technological developments over the last couple of decades. Many employees were able to relocate home and yet still undertake their duties and drive performance. Homeworking no longer carries employer suspicion and will now be part of the new working norm. When we eventually get back to normal many employees will no longer be spending 5 days a week in the office but will instead enjoy a hybrid model that will support not only the business but also the lifestyle wishes of many staff members. It is probable that this would have occurred over time however, the pandemic has hastened this evolution and the forced changes has shown the model has many benefits. This new working model offers new and exciting opportunities for business, employees, society, and regeneration of smaller country towns as people relocate to areas where housing is more affordable.
Technology is also having an ever-increasing impact on the accountant role within businesses. Instead of simply reporting on what has happened the finance team within many businesses are now being asked to help predict the future from a trading perspective and make insightful data driven decisions on where the business should prioritise going forward. Artificial Intelligence and machine learning are providing information and insights to allow the CFO and their team better understand the business ensuring they play an ever more pivotal role in planning and guiding the strategic direction of the organisation. The CFO is very much the co-pilot to the CEO in many businesses.
Advances in Technology obviously offers challenges to many who may have qualified in the past. CIMA has recognised the changes required in competencies by updating our syllabus in 2019 to ensure those who qualified have the required technical skills required for the modern business role. We also have available many certified courses to support our members to upskill where necessary. These are available on our CGMA store and we hope to share with members in the coming months what is accessible and relevant. The new norm for many of us is Learn, unlearn, and relearn to ensure we continue to remain relevant in the modern technological driven world.
Our final Townhall in this series takes place next month and is on the very important subject of sustainability. All our Townhalls have been very well attended and I have no doubt this topic will also be of interest to many within our membership.
In conclusion I would like to welcome all our new members to CIMA some of whom are profiled in this issue of Members Plus.
Welcome to your CIMA Ireland community… connect with your fellow members.
Member Engagement is your new source of branch communications and information, and an acknowledgment of new ACMA and FCMA members.
Take a look
Financial Reporting under the coronavirus pandemic
The coronavirus pandemic has had major repercussions not only on the economy but also on how companies report their results. Read on to find out what companies must apply for the appropriate accounting standards, whether they are adopting local or international rules.
By Robert J Kirk BSc (Econ) FCA CPA, Emeritus Professor of Financial Reporting, Ulster University
As a CIMA member and Chartered Global Management Accountant® (CGMA), you have access to a range of benefits and services.
Glennon and CIMA Ireland launch Exclusive Family Multi-Car Insurance for CIMA Ireland Members
Having recognised the difficulty in obtaining Car Insurance where there are multiple vehicles in the family, and in particular the high cost associated with young drivers, Glennon have arranged an exclusive family multi-car policy for CIMA Ireland members.
How to increase promotional opportunities whilst working from home
The opportunity to work from home has given many people a greater work-life balance and time to reflect on their career path and their prospects for the future.
By Gary Cronin, PeopleSource - Finance Recruitment
AICPA&CIMA Global Career Hub - Supporting your career progress.
Did you know that the Global Career Hub is much more than a job search tool? There are hundreds of articles focusing on career’s advice, industry news, webcasts and podcasts to help you develop your career and give you a competitive edge as a CIMA Management Accountant candidate.
Register for your free job seeker account now on the global career hub to gain access to a FREE workbook on ‘How to Write an Effective LinkedIn Profile’.
Remote Work Planning through Covid-19
Simple tips can be followed to ensure you manage your time effectively during the working week and create successful plans.
By Stephen Hyland, ACMA, CGMA, SoHo Maverick
The serious climate change message and DAERA’s response
DAERA Minister Edwin Poots is leading the way on the Northern Ireland Government’s response to COP26, pledging that Northern Ireland will play its part on the global stage to tackle climate change.
Stress Awareness Month
April is Stress Awareness Month and CIMA Ireland team have put together a list of resources that can help you, your family members, or friends to maintain good and mental health during the pandemic.
Take a few minutes to review these resources
Moving goods from Great Britain to Northern Ireland?
For Great British businesses moving goods into Northern Ireland, it’s important to act now to comply with the new rules.
Cyber attackers continue to attack organisations across Northern Ireland, from sole traders, micro businesses to large enterprises. This latest information sheet from the Cyber Crime Centre highlights two new services on offer to local organisations.
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