MIRROR MIRROR ON THE WALL WHO IS A TRUE AND FAIR FINANCE PROFESSIONAL ASPIRANT
MIRROR MIRROR ON THE WALL-WHO IS A TRUE & FAIR FINANCE PROFESSIONAL/ASPIRANT
Year 2022 IS COMING TO A CLOSE SOON.
IT’S TIME TO TAKE STOCK AS TO WHAT SIGNIFICANT EVENTS TOOK PLACE IN THE WORLD IN GENERAL, OUR COUNTRY, OURSELVES AS INDIVIDUALS AND AS A FINANCE PROFESSIONALS, /ASPIRANTS, IN PARTICULAR.
WORLD HAS SEEN HIGH LEVEL OF TURBULENCE, RUSSIA-UKRAINE WAR,TAILWINDS OF THE WORLD WIDE PANDEMIC,ECONOMIC SLOWDOWN,RUMBLINGS OF RECESSION AND SUPPLY CHAIN DISRUPTIONS AS WELL AS, MANY CALAMITIES DUE TO CLIMATE CHANGES-FLOODS,CYCLONES,VOLCANO ERUPTIONS ETC.
TO COUNTER THE GLOOM AND DOOM THERE HAVE BEEN MANY EVENTS MAINLY COP27, ECG SUMMIT ETC TO SALVAGE THE EARTH FROM SUCH NATURAL ECO DISASTERS.
THESE ARE NOT ENOUGH, BUT SOME AWARENESS HAS BEEN CREATED.
ACCELERATION AND MOMENTUM IS REQUIRED TO MAKE IT IMPACTFUL.
MAYBE, THE WAR BASED ECONOMIES HAVE TO WAKE UP FROM THEIR MISPLACED PRIORITIES.
US HAS CLEARED ABOUT USD 880 BILLION FOR THE CURRENT YEAR (EARLIER YR USD 703 BILLION)
IN TURN CHINA HAS BUDGETTED USD 229 BILLION AND RUSSIA US 84 BILLION.
THERE IS AN OBVIOUS NEED TO DRASTICALLY TONE DOWN THE MILITARY SPENDING BY ALL COUNTRIES BUT THE LEADERSHIP MUST COME FROM THE ADVANCED COUNTRIES TO BEGIN WITH.
WHO IS A TRUE AND FAIR FINANCE PROFESSIONAL:
FINANCE PROFESSIONALS ARE UNDOUBTEDLY THE BACKBONE OF THE ECONOMY AND HENCE HAS TO PLAY A PIVOTAL ROLE IN DIVERSE WAYS.
AS A CERTIFIED PROFESSIONAL HE NEEDS TO DO THE FOLLOWING:
- PLAY A KEY ROLE TO ALL THE STAKEHOLDERS-CORPORATE/GOVT AGENCIES/SHAREHOLDERS/INVESTORS/PUBLIC ETC.
- KEEPING ABREAST OF ALL COMPLIANCES/STATUTES AND ADVISING.
- ENVIRONMENT SOCIETAL GOVERNANCE EXPECTATIONS TO BE ADHERED
- AI/IOT SUPPORT TO ENHANCE & OPTIMISE PRODUCTIVITY
- PARTICIPATE STRONGLY IN DIGITAL TRANSFORMATION
- ADOPT SINCERELY THE CODE OF ETHICS AS A PROFESSIONAL
FINANCE PROFESSIONALS/ASPIRANTS NEEDS TO GEAR UP IN ALL THE ABOVE AREAS IN ORDER TO ACHIEVE THE GOALS AND EXCEED THE EXPECTATIONS OF ALL THE STAKEHOLDERS.
THE REGULATORY BODIES, LIKE ICAI IN INDIA, IMA, CPA/CMA /ACCA/CIMA AND SUCH BODIES DO PLAY A CRUCIAL ROLE IN GROOMING THE PROFESSIONALS/ASPIRANTS.
THERE ARE SEVERAL INSTITUTES, WHO SUPPORT IN FINE TUNING THE CANDIDATES BY PROVIDING QUALITY TRAINING AND FINESSE.
SOME STATISTICS:
THERE ARE ABOUT 350000 CAs IN INDIA.
21st WORLD CONGRESS OF ACCOUNTANTS WAS HELD BY ICAI IN MUMBAI IN NOV AND RE-EMPHASISED THE ROLE TO BE PLAYED BY FINANCE PROFESSIONALS/ASPIRANTS.
IMA PROFESSIONALS IS THE GLOBAL BODY AND HAS ABOUT 140,000 MEMBERS AND ALSO THERE ARE OTHER GLOBAL BODIES REGULATING OTHER STREAMS OF FINANCE PROFESSIONALS/ASPIRANTS.
THE CENTRAL THEME REMAINS THE SAME FOR ALL.
LET US INTROSPECT AS FINANCEPROFESSIONALS/ASPIRANTS- PROMPTS THE MIRROR ON THE WALL.
TO REFER AN ORWELLIAN QUOTE “ALL MEN ARE EQUAL BUT SOME ARE MORE EQUAL THAN OTHERS”
AS FINANCE PROFESSIONALS/ASPIRANTS, WE ARE ADEQUATELY ENLIGHTENED, AND WE OWE IT TO BACK TO THE SOCIETY, IN PARTICULAR TO THE LESSER PRIVILEGED ONES!
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This article was written by " Srikumar Gopinath, Formerly Director with JRSCA Consulting & Advisory Pvt Ltd, Independent Director (IICA), and managerial roles with Volvo, Tata Motors, and many more “