Surviving the next credit squeeze

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1 Surviving the next credit squeeze Michael Fingland, Vantage Performance Chartered Accountants Business in Focus Monthly audio program November, 2011 charteredaccountants.com.au/training

It s more than two years now since we headlined our August 2009 program with the title, Prepare Now for the Recovery, as we anticipated the end of the GFC.

2 It s more than two years now since we headlined our August 2009 program with the title, Prepare Now for the Recovery, as we anticipated the end of the GFC. Many business people today may feel they re still waiting for that recovery. And perhaps they re looking nervously ahead to another global downturn. Economist Professor Neville Norman, just back from a stint in Europe observing its debt crisis, says it s important to get the gloom and doom into perspective, and to be aware of how big a role perception plays in building or undermining confidence. On a related matter, we hear from Michael Fingland of turnaround specialists Vantage Performance. Michael believes that Europe s problems will inevitably cause overseas funding for our banks to shrink. How best then should you, or your clients, prepare for the impending credit squeeze? Michael has some practical reminders about good business practice in times like this. There are other measures to consider to see us through the continuing tough times. Andrew Brushfield of recruitment specialist Robert Half will advise on how to find and keep the best talent - a significant problem in finance and accounting now. Simon Foster of web application firm Shoeboxed Australia will tell you how to stay ahead in the data management game through cloud computing; and Darrell Weekes of Attaché Software will point to the escalating signs of fraud during this economic downturn. Beware, he says, and he ll outline some valuable security measures. Strategist Christopher Tipler extols the benefits of embracing environmental strategies even through the current tough times; while workplace relations lawyer Joydeep Hor brings timely advice on how to avoid claims under the adverse action provisions of the Act. It s a growing area of industrial relations litigation. And, to help us weather those truly tough times when a personal or business disaster strikes, psychotherapist Dr Russ Harris takes us through the essential messages of his latest book, The Reality Slap. Enjoy our mix of stories this month, Nick Schildberger Managing Director Managing Director Nick Schildberger Advertising/Sponsorship Nick Schildberger nschildberger@be.com.au Production Manager Heather Dawson Producer Bob Kearsley Studio Manager Peter Letts Publisher Business Essentials Pty Ltd ABN Riversdale Road, Hawthorn East VIC 3123 Phone Fax Web Copyright 2011 Business Essentials Pty Ltd ABN Business Essentials and the BE logo are reigstered trademarks of Business Essentials Pty Ltd. Neither Business Essentials Pty Ltd nor Nick Shildberger, nor the the Institude of Chartered Accountants in Australia, nor sponsors of this program accept any form of liability, be it contractual, tortious or otherwise, for the contents of this CD or for any consequences arising from its use or any reliance placed upon it. ABN The Institute of Chartered Accountants in Australia Incorporated in Australia Members Liability Limited

3 Information For more information about the topics discussed on this November 2011 program, please contact the relevant organisations listed below. ECONOMIC UPDATE Professor Neville Norman, Melbourne University SURVIVING THE NEXT CREDIT SQUEEZE Michael Fingland, Vantage Performance T: ATTRACTING AND RETAINING FINANCE & ACCOUNTING STAFF Andrew Brushfield, Robert Half FRAUD THE NEW BUSINESS CANCER Darrell Weekes, Attaché Software Australia CLOUD COMPUTING FOR YOUR ACCOUNTANCY PRACTICE Simon Foster, Shoeboxed Australia HOW TO AVOID AN ADVERSE ACTION CLAIM Joydeep Hor, People+Culture Strategies T: PROFITING FROM ENVIRONMENTAL SUSTAINABILITY Christopher Tipler, Corpus RIOS T: NEW RULES ON SMSF BORROWING Michael Jones, Cummings Flavel McCormack T: SHAREMARKET UPDATE Elio D Amato, Lincoln Stock Doctor T: or HANDLING A REALITY SLAP Dr Russ Harris The Reality Slap is published by Exisle Publishing

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5 Business in Focus/ Tax in Focus Subscription Subscription Form Personal details I would like to subscribe to Chartered Accountants Business in Focus and/or Tax in Focus: Family name Company name First name Position Address City Country Postcode Telephone Fax Member No. Age group >65 Type of business Number of employees Subscription Pricing Product Business in Focus Online Business in Focus CD Rom Tax in Focus Online Tax in Focus CD Rom Business in Focus + Tax in Focus Online Business in Focus + Tax in Focus CD Rom Payment options Please find enclosed cheque made payable to Business Essentials Pty Ltd for $ OR I wish to pay by Amex Mastercard Visa Cardholder s name Card number Expiry Signature To unsubscribe from further communication relating to Training & Development products tick here. The Institute of Chartered Accountants in Australia respects the privacy of individuals and acknowledges that the information you provide on this form is protected by the Privacy Amendment (Private Sector Act) The information collected by the Institute is used for the purpose of processing your registration and providing you information (via and/or mail) on upcoming events, specific products and services provided by or associated with the Institute. To access a full copy of our policy visit: charteredaccountants.com.au/ privacypolicy. Australian Prices Overseas Prices (Exclusive of GST) Members Non-Member Members Non-Member $375 $475 $340 $430 $445 $545 N/A N/A $375 $475 $340 $430 $445 $545 N/A N/A $635 $835 $577 $759 $795 $995 N/A N/A Please send your order details to: Free Post Send this form, accompanied by a cheque to: Business Essentials Pty Ltd Reply Paid 579 Hawthorn East, VIC, 3123 Australia Free Fax Free Call Please Note: Upon payment this notice becomes a tax invoice. Please retain a copy for your records. Business Essentials Pty Ltd ABN Riversdale Rd Hawthorn East VIC 3123 Australia The Institute of Chartered Accountants in Australia. Incorporated in Australia Members Liability Limited. ABN charteredaccountants.com.au/training

In-house Training that really measures up For tailored In-house

competitive edge turn to the experts at the Institute of

We offer customised training in three main areas technical,

6 In-house Training that really measures up For tailored In-house Training that provides your business or practice with a competitive edge turn to the experts at the Institute of Chartered Accountants in Australia. We offer customised training in three main areas technical, general business and people skills. Visit charteredaccountants.com.au/inhouse or call to find out more.

Chartered Accountants Tax in Focus. Monthly audio program. charteredaccountants.com.au/training. May, 2011

Chartered Accountants Tax in Focus Monthly audio program May, 2011 charteredaccountants.com.au/training The Institute s In-House Tax Training has taken our firm s training program to a new level Gavin