Dare to be different

 

We are in a rapidly changing business environment.

In 1965 the average lifespan of a Fortune 500 company was 60 years. Today it is less than 12 years!

Closer to home, 50 per cent of the Australian S&P 500 index will be replaced in 10 years. 20 per cent face delisting in the next five years. (Evan Shellshear, Innovation Tools 2016).

So, what does that mean for us as business owners? It means we need to make sure we are not only competitive but have a clear advantage over our competitors.

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Employee Motivation

By Gabe Faponle – Senior Client Services Manager – Audit & Assurance

Employees are the resources that turn vision into reality in the workplace. They are like engines that keep the train moving, and they need to be well oiled to ensure the train keeps chugging along.

Motivation is the secret sauce and the grease that keeps the engine oiled.

Walt Disney once said, “You can design and create, and build the most wonderful place in the world. But it takes people to make the dream a reality”.

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Attributes Required for Directors

Leah Russell – Senior Partner – Audit and Assurance

As a member of a board, and an Auditor Partner who attends numerous company board meetings as an observer, I am often asked what attributes to look for when selecting a board member.

There is no simple answer, and no “one size fits all” for entities. Each organisation needs to understand and assess the skills, experience and culture they require.

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The Findex Family Office – One year on

By Spiro Paule – CEO

Over the past couple of years, there’s been a significant shift in the financial services industry that we have been predicting. With increased automation and cloud-based technology at the forefront of change and disruption, there’s a deep-seated thirst and demand for traditional financial services businesses to deliver more value to their clients.

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Is there a ‘State of Origin’ in your workplace?

As the excitement builds for tonight’s State of Origin decider, I’ve been thinking about the unique team environment that Origin players must operate in.

We’ve all heard the “Mate Against Mate” line and watching week-in-week-out teammates play against each other usually gives us a really exciting game of footy.

But what is it like inside the team camps? How do players go out on the field and aim to smash guys they usually play alongside?

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Unlocking the value of PPAs – Accounting for an acquisition is not just about compliance: Two part series

Part I: What’s the Value in a PPA?

A Purchase Price Accounting (PPA) is the process of allocating the consideration paid in a business acquisition (“Business Combination”) to the assets acquired and liabilities assumed (including intangible assets). It provides a day one balance sheet for the acquirer, setting out the individual assets/liabilities that have been acquired from the target company. The PPA process analyses individual assets and business processes in a level of detail that is often not explored. Fundamental to this analysis is a clear understanding of the target’s core operational drivers.

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Involved in cross-border intragroup financing transactions? The ATO is on your back!

Encouraged by its recent win in the landmark Chevron court case, the Australian Taxation Office (ATO) has today released new compliance guidelines targeting intragroup loans and other financial arrangements of multinational companies.

This is an important development for the ATO, as it expects to raise significant tax revenue as a result, and it also means compliance costs will increase for taxpayers.

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False invoices – would your organisation “detect it” or “pay it”?

Scenario: Your organisation receives a phone call from an entity claiming to be a well-known professional organisation.  The person on the phone claims that the membership fees for the CEO are outstanding and if not paid by close of business that day, the membership will be cancelled. As a consequence, the invoice is immediately paid using a company credit card.

Although your organisation does not know it (yet), you have become a victim of a modern day fraud using a false invoice. How did this happen?

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