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Events

Financial Reporting

Tuesday, November 22ndDay 1



 

 

 

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Accounting Standards Update

The Financial Reporting stream will present recent and upcoming changes to Public Sector Accounting Standards (PSAS) along with their implications on financial reporting. The stream will also present the results of PwC's "Global Data and Analytics Survey 2016 | Canadian insights, Big Decisions™." In addition, the final session of the day will examine how risk-taking is linked to gender and its impact on decision-making within an organization.

Participants will be able to:

  • identify the recent updates and changes to PSAS and the implications of these changes on financial reporting;
  • understand how organizations are using data for informed decision-making and innovation; and
  • recognize how risk-taking is linked to gender and how it impacts decision-making within an organization.

competencies legend

10:30 - 12:00

Presentation

 

 

 

PUBLIC SECTOR ACCOUNTING STANDARDS UPDATE

Room 215

B ChurchSpeaker:
Bailey Church, CPA, CA, CIA, Partner, Accounting Advisory Services, KPMG Canada

In Canada, generally accepted accounting principles (GAAP) for the public sector are set by the Public Sector Accounting Board (PSAB). PSAB standards are widely used by all levels of government in Canada. They serve as the basis for preparing financial statements for the Government of Canada and its departments, as well as, some government organizations including not-for-profit, that fall under the Government of Canada reporting entity. PSAB has recently issued a number of important standards and has several other developments on the horizon.

Bailey Church will help participants understand these new standards, as well as, the major developments underway that includes: concepts underlying financial performance; public private partnerships; employment benefits; financial instruments; related party transactions; and revenue. 

Competency
Financial Reporting 1.jpg

Language of presentation: English
Simultaneous interpretation available.

13:15 - 14:30

Presentation

 

BIG DECISIONS

Room 215

Daniel L

Speaker:

Dean Lancaster, Senior Manager, Data Analytics Group, PwC Canada (Toronto)

The results from PwC's "Global Data and Analytics Survey 2016 | Canadian insights, Big DecisionsTM" have been released! The survey reveals how enterprises around the world are limiting risk and leveraging data to make the big decisions that will give them a competitive edge. 

From the Canadian perspective, we look at how organizations are investing to unlock the power of data to make informed big business decisions and gain market leadership. We also explore the importance of mixing mind and machine in decision-making to better face the reality of disruption. Through PwC's survey findings and a series of vignettes, we will provide a perspective on how data and analytics are being leveraged in the public sector and where there are opportunities to innovate and navigate disruptive change.

This session's discussion will cover:

  • Data-driven Decisions: Big decisions in the intelligence age
  • The Human Factor: Working with machines to make big decisions  
  • The Speed of Process: Building data into workflows for Big Decisions  
  • New Products and Services: How do industries decide?
Competencies
Financial Reporting 2-2

Language of presentation: English
Simultaneous interpretation available.

14:50 - 16:00

Presentation

 

 

RISK TAKING AND WOMEN IN FINANCIAL EXECUTIVE POSITIONS OF PRIVATE AND PUBLIC SECTORS

Room 215
Panel -graphic2

Speakers:
Janice McDonald ICD.D, President, The Beacon Agency;
Joanne Mortimore, Vice-President, Finance and IT, and Chief Financial Officer, The Conference Board of Canada;
Julia Fournier, President & CEO, HCM Works Inc.;
Isabelle Jasmin, Deputy City Treasurer, Corporate Finance, City of Ottawa

The session will examine how risk-taking is linked to gender and the impact it has on the decision-making within an organization. A two-part presentation will be centered on the fact that women bring different skills to an organization than men which can lead to more thoughtful deliberations on risk-taking. The presentation will be followed by a panel discussion with members of the public and/or private sector finance community.

Competencies
Financial Reporting 3-2

Language of presentation: English
Simultaneous interpretation available.

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