The Herald (Harare)

21 November 2012

Zimbabwe: Chief Finance Officer's Forum On Next Week

The Institute of Chartered Accountants of Zimbabwe will next week host a one-day long Chief Finance Officer's Forum in Harare. The seminar is expected to explore strategies that would increase CFO or any other finance executive's role at the helm of various companies as they steer their business entities forward in the challenging local financial environment.

Discussion would centre on Working capital and cash management strategies to protect the organisation's financial position, transforming the finance function for business growth, risk management -- Turning risks into results and mergers and acquisitions: When & Why?

Since investors and other users of financial statements need coherent and relevant information, the seminar will analyse financial statement analysis from an Investor's perspective.

The seminar will also look at the relevance and significance of introducing rolling forecast budgets to businesses.

Already, organisations are increasingly appreciating the importance of accurate and efficient budgeting techniques as a way of enhancing organisational success.

It is however imperative to note that traditional techniques are still widely used, but for many, they are becoming out of sync with contemporary requirements hence the need to embrace Forecasting and Budgeting Techniques.

Experts drawn from various sectors of the economy are expected to present papers that would enlighten delegates on what is to be done in order to realise growth stability and competitiveness for the local economy.

These include Mr Kenias Mafukidze, KM Financial Solutions founder and Group CEO, Mr Fanuel Kapanje - Group Finance Director at ZB Financial Holdings Limited, Mr Sevious Mushosho, group finance director at AfrAsia Kingdom, Mr Nqaba Mkwananzi, a partner at Ernst & Young. Mr Nigel Mangwiro, chief finance director at African Sun Limited, Mr Roy Chimanikire, Deputy Director

Finance for Econet Wireless Zimbabwe and Mr Herry Nhende, Group Financial Director at Astra Industries Limited will also make presentations at the one day finance officers' seminar. But ICAZ is encouraging all CFOs, CEOs, finance directors, finance executives, auditors, finance managers, financial controllers, treasury managers, fund managers, senior managers or head of departments with accounting and finance responsibilities, analysts and other interested stakeholders to attend next week's forum. The symposium is envisaged to be an eye-opener to all finance and business executives when responding to unique set of actual financial or accounting challenges they face.

The Institute of Chartered Accountants of Zimbabwe is one of the major accounting bodies in Africa and is a full member of International Federation of Accountants and Central the Pan African Federation of Accountants and the Public Accountants and Auditors Board .

ICAZ aims to enhance the International standing and recognition of the qualification Chartered Accountant (Zimbabwe), for the benefit of its members and, to support them in providing quality services in the public interest.

It also seeks to be a pre-eminent professional body in development and promotion of accountancy, assurance and advisory services, business and good governance practices.

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