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Finance Executive Breakfast Seminar: Unified Planning & Regulatory Reporting (IFRS 16 Lease Accounting) for Retail



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In today’s retail landscape, globalization and technology have empowered the consumer in unprecedented ways. Technology and Retail have become inseparable, creating a seamless omnichannel shopping experience for the retail customers.


This has led to a transparent and dynamic market, driving down margins and leaving the market players little room for wrong decisions.


Retailers are constantly reviewing their cost structures and trying to find ways to reduce overhead and inventory cost. Strategic business decisions require a comprehensive retail and financial planning process. Timely cost analysis and constant monitoring of actuals against Retail KPIs and financial targets has become an important business driver to adjust quickly in a dynamic market environment. On top of that, the new standard, IFRS 16 Lease Accounting, will affect the retail industry significantly because of its use on rented premises for their stores. 


In this seminar, industry experts from CCH TagetikTeamWork and PwC and will discuss the following key topics:


  • Retail Trends 2017: Shoppers these days are overwhelmed with too many choices. Loyalty programs and event sales are out, what is in?
  • Key Performance Indicators in Retail: A shift from transactions to relationships – and the new measures it implies – is probably the most fundamental change in the new retail operating model. Do our traditional Retail KPI still apply?
  • IFRS 16: Lease Accounting focused in Retail: Why this new standard matter to Retail Industry? The type of arrangement might meet the new definition of lease, areas might affect the lease liabilities recognized, and its wider potential business impact. 
  • Financial Planning for Retail: Revenue and cost planning in an omnichannel environment. How to optimize costs, margins, and profitability, while dynamically updating financial plans, budgets, and forecasts?

Join us for this complimentary breakfast seminar and discover how complex retail organizations like yours can monitor, measure and manage the business performance, and ultimately take action to execute on strategy at both the corporate level and store level.


Agenda

08:45 AM
Registration & Light Breakfast

09:00 AM
Welcome and Introduction

09:05 AM
Unified Planning for Retail – Trends and KPIs

Manfred Simon - Managing Director, TeamWork
09:30 AM
IFRS 16: Lease Accounting for Retail

Senthilnathan Sampath - Director, Accounting and Financial Reporting Advisory Services, PwC
10:00 AM
Strategic Planning and Regulatory Needs for Retail Addressed by CCH Tagetik – a unified solution

Girish Muzumdar - Solution Architect, CCH Tagetik
10:20 AM
Interactive Discussion and Closing Remarks

Location

The Working Capitol 

The Workshop
1 Keong Saik Road - Singapore


view map    location website


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Event Contacts

CCH Tagetik Marketing APAC apac@tagetik.com