RGP’s Post

A recent survey by Financial Executives International (FEI) & Persefoni found that half of companies are now hiring full-time finance professionals to focus on tracking and reporting their environmental and social impact, driven by the growing need for accurate and reliable data through strong internal controls. RGP's VP of Project Consulting Services, Janis Parthun, recently spoke at the IMA | Institute of Management Accountants conference about how finance teams can be key players in sustainability reporting. Read more about this trend and the new opportunities it creates for accountants in the AICPA & CIMA Journal of Accountancy in this recent post:

If you’re planning to attend the annual Institute of Management Accountants Conference in June, be sure to check out our June 11th session on the Evolving Role of Controllership in Sustainability Reporting. Janis Parthun, RGP VP Project Consulting Services, will discuss how the controller function is assuming more roles and responsibilities for sustainability reporting and why the sustainability controller may be the job of the future. #IMA #Controllership #SustainabilityReporting

If you’re planning to attend the annual IMA | Institute of Management Accountants Conference in June, be sure to check out the June 11th session on the Evolving Role of Controllership in Sustainability Reporting. Janis Parthun, RGP VP Project Consulting Services, will discuss how the controller function is assuming more roles and responsibilities for sustainability reporting and why the sustainability controller may be the job of the future. https://lnkd.in/gygF2zwm #IMA #Controllership #SustainabilityReporting

To all my NZ colleagues - get your technical update fix of all things accounting and audit at this year's conference with optional deep dive sessions on climate reporting. Register now using the link below

In a study conducted by KPMG in 2015, only 31% of all respondents’ projects came within 10% of budget. Years later hitting schedule, budget, and quality targets is still a challenge in the industry. https://hubs.li/Q022hQh60 #knowify #constructionindustry #constructionwork KPMG

Dear Young Accountants, 🌳Sustainability Jobs and Skills for the Accountancy Profession; an emerging opportunity. 🌾Sustainability is a megatrend offering new opportunities and jobs for the accountancy sector. There are three key trends in sustainability that will expand the current job roles and skills required for accountancy and finance professionals. The three key trends are: 🌳Decarbonisation of the environment, 🌳More companies participating in sustainability reporting, and 🌳The Expansion of green finance. 🌾Given these sustainability trends, Accountancy and finance professionals must be equipped with sustainability and ESG-related knowledge and skills to meet the increasing demands in these three areas. 🌾Moreso, preparers and assurance service providers would see an expansion in their roles in areas such as carbon trading, carbon accounting, sustainability risk management, and more. In addition, organisations are creating positions and openings such as; Chief Finance & Sustainability Officer (CFSO), Sustainability Reporting Officer (SRO), Strategy and Transactions (Sustainability) Manager are emerging C-Suite positions to oversee the integration of finance and sustainability into business strategy. Accountancy and finance professionals, with their financial expertise, are in an advantageous position to helm the emerging roles. 🌾 The burgeoning field of ESG accounting focuses on helping businesses improve sustainability. Environmental, social, and governance (ESG) reporting has become an important component in corporate accounting in recent years as companies pay more attention to sustainability and social responsibility issues. 🌾Finance and accounting professionals have an important role in ensuring the relevant data is available for decision making and that sustainability priorities are incorporated into business processes through budgeting and forecasting, capital allocation, performance assessments and scorecards. 🌾Accountants and accounting firms have also expanded their role in the preparation and issuance of ESG information. That role includes identifying metrics to report, developing ways to measure the metrics, developing processes and controls to produce and verify the information, and preparing ESG reports. 📊 Young accountants are encouraged to delve into this specialisation and create a niche for professional career competitive advantage. #GreenAccounting #ESG #SustainabilityReporting #IntegratedReporting #TripleBottomlineReporting

Let's start 2024 by broadening our understanding of value creation! 💡 I can highly recommend this Deloitte paper: a new value system. It introduces an extension to the traditional enterprise value map. The authors state: "We believe a multi-stakeholder view can help companies not only better account for their impacts across stakeholder groups, but also better recognize and actively manage their long-term access to critical resources and infrastructure provided by non-shareholder stakeholders" According to the paper, two of the most impactful mechanisms to embed a multi-stakeholder view of value creation are: 1️⃣ The company’s capital budgeting processes incl. business cases 2️⃣ The company’s performance measurement processes incl. KPIs Read more below or reach out to learn how we can help you with your capital budgeting or performance management processes. ⬇️ __ 👨💼 I'm a partner at Business Partnering Institute. 🆘 Need help in your finance team, call me! 🤝 We help increase the influence of finance teams. 🔔 To see more of my content, ring the bell on my profile. #Finance #FinanceBusinessPartner #FPA #CFO #esg

🚀 Elevating Finance: The Road to Professional Excellence 📈💼 In today's fast-paced business landscape, professionalizing the finance function is essential for organizations to stay competitive and drive sustainable growth. By upskilling finance professionals and leveraging technology, finance teams can add strategic value and navigate the complex financial landscapes with confidence. 📚💡💻 Here are some key strategies to professionalize the finance function: 1️⃣ Importance of upskilling finance professionals: Upskilling in areas such as data analytics, digitization, and risk management is crucial to stay ahead. 📈🔍📊 2️⃣ Implementing training and development programs: Tailored programs, including workshops, certifications, and mentoring opportunities, foster a culture of continuous learning and support career growth. 📚🎓💼 3️⃣ Leveraging technology for efficiency: Embrace financial management systems, automation tools, and data analytics platforms to streamline processes and gain real-time insights into financial performance. 💻📈🚀 4️⃣ Role of certifications and qualifications: Pursuing recognized certifications such as CPA, CFA, or CMA demonstrates expertise and credibility, opening doors to new career opportunities. 📜🔑💼 5️⃣ Enhancing data analytics skills: Strong data analytics skills empower finance professionals to uncover trends, identify risks, and provide valuable recommendations to stakeholders. 📊📈🔍 6️⃣ Aligning finance function with organizational goals: Understanding the company's mission and strategic priorities enables finance professionals to deliver insights that drive sustainable growth. 🎯💼📈 7️⃣ Developing strategic thinking capabilities: Training programs focusing on critical thinking and strategic decision-making enable finance professionals to anticipate market trends and seize opportunities. 🤔🚀💡 8️⃣ Encouraging continuous learning culture: Foster a culture of curiosity and collaboration by providing access to learning resources and promoting cross-functional projects. 🌍🎓🤝 9️⃣ Building cross-functional collaboration: Collaborating with colleagues from different departments fosters creative problem-solving and integrated decision-making. 👥🤝💡 🔟 Measuring success through KPIs: Evaluate the impact of professional development initiatives by tracking financial performance, employee satisfaction, and training completion rates. 📊📈🎯 Let's elevate the finance function together! 🙌💼💡 #FinanceExcellence #ProfessionalDevelopment #Upskilling #DataAnalytics #StrategicThinking #ContinuousLearning #Collaboration #kpis

Hey everyone! Check out the latest video by ACCA on the importance of sustainability in today's business world. It's like a survival guide for accountants in the jungle of sustainable practices. Watch it to stay ahead in the finance game! #ACCA #SustainabilityJourney #FinanceFun

We are excited to announce a new referral program with CIMA to provide CPAs, management accountants, and finance professionals with AI-powered ESG software. Accountants and finance professionals play a crucial role in helping businesses proactively manage their sustainability-related risks, opportunities, and impacts. This new referral program addresses the need for finance teams to have data-driven solutions for identifying material sustainability issues, enabling them to better support stakeholders. This is especially important for those businesses implementing the EU’s Corporate Sustainability Reporting Standards (ESRSs), IFRS S1 and S2, the US SEC Climate Disclosure Rules, and the State of California’s climate reporting laws. Talking about the new offering, Dr Jeremy Osborn FCMA, CGMA, CPA (Aust.), Global Head of ESG for the Association of International Certified Professional Accountants, comprised of CIMA and the American Institute of Certified Public Accountants, said: “Identification of material sustainability risks, opportunities and impacts is the starting point of the new sustainability reporting standards in the European Union and amongst jurisdictions around the world which are adopting the IFRS sustainability-related financial disclosure standards. There is now an urgency for listed companies to understand how they will report against them. Datamaran’s AI-powered ESG platform provides companies with a sprint start in how to do so.” Visit our website to find out more about this collaboration between CIMA and Datamaran: https://lnkd.in/dcngeG9B. #ESGNews #ESGSoftware #Finance #Accountants #AIforESG