Business Newsroom

La Trobe Business School

Tag: Accounting (page 1 of 2)

Meet the Head of Department of Accounting and Data Analytics

Since January 2018, Alison Parkes has been the Head of Department of Accounting & Data Analytics. Business Newsroom sat down with Alison to ask her some questions about who she is, what made her come to La Trobe and other interesting facts about her.

 

Are you new to La Trobe?

I joined La Trobe in January 2017 and took up the HoD role after one year in the Department.

 

Where do you come from and what brought you to La Trobe University in 2017?

Before starting at La Trobe, I was with Taylor’s University in Malaysia for two years. I was recruited by them to build and accredit their MBA program. I specialised in postgraduate education during my time at Melbourne Uni which preceded my Malaysian appointment. While at Melbourne I had oversight of the Master of Business & IT throughout its entire life cycle from inception through to eventually teaching it out. When Taylor’s recruited me as their inaugural MBA Program Director I lived and worked two years in Malaysia, did lots of travel, built the MBA, got it accredited, and saw my first student cohort graduate just before I came back to Australia.

When I got towards the end of my two-year contract at Taylor’s in 2016 I had to decide whether I wanted to stay on for another two years or move back to Australia. I loved living in Malaysia but missed my family in Australia. I had already decided to come back when the job at La Trobe came up. I always wanted to work at La Trobe, so I applied for the job and was lucky enough to be appointed.

Before Taylor’s, I was at University of Melbourne for 15 years, I did my PhD there as a part-time PhD candidate and a full-time staff member. I graduated with my PhD in 2009. I’m a late career academic, a large part of my career was in industry. In my last industry role I was the most senior female IT executive in a state railway, working with huge financial systems projects and large numbers of staff. I got my first academic appointment at Massey University in New Zealand as a level A Lecturer in Information Systems. When I went into academia I had to start all the way from the bottom again, which was sort of a fun thing.

 

Why do you think La Trobe University is a good fit?

I have always been interested in the research projects and outputs from La Trobe as they are not always mainstream. I came from a more conservative academic environment with particular and relatively narrow views on what you were expected to publish and where to publish. I like what people are doing here, there is a lot more freedom and critical analysis, more work around sustainability, more private enterprise focus.

I have never been a traditional financial accountant. My background is accounting information systems. My first ever-academic job was not in an accounting department, but in an information systems department. While I was lecturing in IS I did my Honours year and a Masters Research which equipped me to enter the PhD program at Melbourne in Accounting & Business Information Systems. I’m a chartered accountant but have always been interested in the technical accounting systems side, which means my research isn’t necessarily published in mainstream accounting journals.

 

How will you be approaching your new role as Head of Department?

I’m fortunate that my expertise bridges both sides of accounting and data analytics, and I’m looking forward to bringing these disciplines closer together. We also need to refresh the accounting curriculum. Accounting doesn’t have to be boring, I know from my work experience that accounting is a really interesting and diverse field to work in. Across most universities, accounting is mostly treated the same old way, it’s as though we are still working with pen and paper.

I have always been passionate about educating students for the job they are actually going to be doing. To me that means educating them to be an accountant who uses accounting systems and data competently. This year I am rewriting the first year accounting information system subject to integrate Xero software and give students an idea of how it looks when you’re working with an accounting system in the workplace.

So my overall goal is to bring the two related disciplines closer together and refresh the curriculum so it better reflects the authentic lived experience of what accounting actually is. I’m not necessarily talking about changing the topics, but instead focusing on the pedagogy, how it’s being taught and assessed.

 

What do you know now that you wished you knew when you were a student at university?

I have an atypical student experience. I left high school early and came to University for my bachelor’s degree on a special admission program for mature students. I completed my Bachelors, Honours, Masters and PhD all as a part-time student while working full time. My advice to former me would be to maybe consider doing the PhD full-time instead of part-time. Working full-time as a Level B lecturer meant there were whole semesters where I got pretty much nothing done on the thesis. It’s good to look at your research through fresh eyes, but it’s also hard having to re-engage with your topic afresh over and over again.

 

What do you do to get rid of stress?

I never work on the weekend. Everyone has different tactics but that is the rule that I find works for me to balance out my life. I don’t mind being in the office for long hours during the week if it’s necessary but weekends are mine. I like to come back in on Monday feeling re-energised and ready to tackle the week ahead.

 

Lastly, if people come across you at the coffee-machine, what’s a good conversation starter?

Travel! I’m a big traveller. I love all parts of Asia and have travelled there extensively, also lots of US, UK & Europe. Since coming back to Australia I’m making time to visit places that I hadn’t been to before. I’m almost ashamed to admit that I recently went to the Great Ocean Road for the first time after living in Melbourne for 15 years. I’m always coming back from somewhere or about to go somewhere.

 

Associate Professor Alison Parkes is a researcher, educator, consultant, and author whose expertise relates to optimising information quality and decision outcomes via better design and control of accounting systems and processes. In her professional career prior to entering academia she held positions at Queensland Rail, Rio Tinto, and PriceWaterhouseCoopers. Her academic career has included positions at Massey University New Zealand (Associate Lecturer) The University of Melbourne (Lecturer, Senior Lecturer) and Taylor’s University Malaysia (Associate Professor and MBA Program Director). Alison’s research consists of two primary themes; (1) The task-technology-individual fit implications of accounting systems design choices, and (2) Strategic investment decision-making. Her research has been published in journals including Decision Support Systems, Behaviour & IT, the Business Process Management Journal, and the Australian Journal of Information Systems. She authors a leading Australian accounting information systems textbook and also designs and delivers specialised executive education and consulting. Alison has consulted internationally to the Governments of Malaysia and Iraq, and completed a variety of management accounting consulting jobs in the Australian not for profit sector.

“Where will the tax jobs be in 2020?”

Mark Morris La Trobe Business School Professor of Practice
By Mark Morris

It’s a vexing question for those planning a career in tax.

In my 30 plus years in the profession I have never seen it face so many challenges simultaneously.

The most obvious change is of course digital disruption.

In part this is because the automatic exchange of data is about to balloon as information is transferred in real time as computers talk to each other in a common language using standard business reporting.

But it is also because of the investment being made around the world by Governments and business to effectively leverage their use of big data to make more informed decisions. This is even extending to the development of cognitive computing systems such as IBM’s ‘Watson’ system which can be applied to analyse unstructured data to provide answers to specific questions.

As a corollary much of the traditional tax compliance and process work will gradually diminish as data is collected, exchanged and analysed differently.

However, there are an array of other impending changes including, amongst others, a more informed and savvy public; greater cross border transactions as part of a more integrated world economy; increased offshoring especially of compliance work; more complex tax laws to prop up increasingly competitive tax regimes; a growing reliance on consumption taxes worldwide to provide a more stable revenue base; and an evolving international digital economy where labour, finance, and knowhow are mobile to an unprecedented degree.

Given this mix no-one can predict with absolute certainty where the tax jobs are going to be in 2020.

Nonetheless I believe there are some clear pointers as to how you can best plan a career in tax.

Firstly, the importance of being able to analyse big data in a meaningful way is becoming rapidly crucial to both revenue authorities and professional firms of all sizes.

From the ATO’s perspective it is their growth area as witnessed by the recent creation of their Smarterdata business unit which is not only focussed on analysing data but challenging paradigms as to how the ATO conducts its operations.

Increased globalisation has also heightened the need for businesses of all sizes to be transfer pricing compliant and develop defensible positions based on finding the most comparable data.

Accordingly, tax professionals wishing to augment their tax technical skills by developing business analytics expertise could well consider enrolling in a course such as the Master of Business Analytics and Graduate Diploma in Business Analytics run by La Trobe University’s Business School as the combination of such skills will be in high demand in coming years.

Secondly, if compliance work goes down rest assured the taxation laws will not become any easier.

Whilst many talk about deregulation the tax rules have only become more complex especially for governments worldwide struggling to plug a revenue shortfall.

One only has to witness the complexity of our general anti-avoidance provisions to realise how inordinately complex our tax system has become particularly the recent amendments which will supposedly crack down on international profit shifting.

Going forward what clients will require of their advisers is the ability to work with them in disseminating such complexity and providing viable commercial solutions.

Accordingly, the way in which tax is taught at both an undergraduate and postgraduate level must radically change so that students not only absorb the complexity of the tax law but develop the interpersonal skills to service clients and build referral networks in a more global economy.

This is one of the key reasons why blended learning is being introduced by the Business School as it is encouraging students to not only develop better analytical capacities but also to work in teams to collaboratively resolve issues just like they will be required to do in the workplace.

Finally, whilst the future is daunting in some respects it is critical to remember that accountants repeatedly top the list of most trusted adviser to clients. If you are overwhelmed with change so are your clients and if you need to adapt to changing circumstances so will many of them.

Keeping your clients close will be more important than ever before as will the need to provide timely, accurate and value added services and the willingness to be adaptive and agile.

Mark Morris is a Professor of Practice in Taxation at La Trobe University’s Business School where he teaches both undergraduate and postgraduate taxation and actively contributes to broader industry engagement initiatives between the Business School and the tax profession and other key stakeholders.

Mark also Co-Chaired the ATO’s ‘Future of the Tax Profession 2016’ working group with Colin which comprises senior representatives from the ATO, professional bodies, software developers and practitioners concerning the implementation of the ATO’s standard business reporting initiative.

He has over 30 years experience in senior tax roles in chartered accounting, industry and professional bodies including his former long-term role as Senior Tax Counsel with CPA Australia.

 

Our industry connections make you career ready

What you do at university is important to us.

However, it’s what you do after university that interests us the most. We know that studying is a significant investment, so we’re committed to making sure you graduate ready for work.

With the employment landscape evolving constantly, the best way to make sure we’re teaching the right skills is to go straight to the source. That’s why we work closely with industry to find out what they want in graduates – both right now and in the future.

Developing the degrees industry needs

We’re constantly reinvigorating our courses to prepare you for roles in emerging fields of employment. We work directly with industry to identify skill gaps and develop degrees to address them.

For example, our industry partner Cisco has identified that there are currently a million cybersecurity jobs opening globally, with demand projected to rise in the coming years.

In response to this demand, we’ve developed our new suite of cybersecurity degrees with input from Cisco, Optus, Australia Post, Australian Signals Directorate (ASD), Cisco, Hewlett Packard Enterprise, Symantec, Atlassian and Cloudera.

Simone Bachmann, Head of Information, Security, Innovation and Culture and Australia Post, says, ‘we need people with problem solving skills, we need innovators, we need people with legal and regulatory skills, we need communicators and educators to help people understand the problem.’ These degrees address the growing need for cybersecurity professionals with interdisciplinary skills.

Our Master of Sport Analytics (developed with leading sports clubs and technology companies), Master of Business Analytics (with 20 per cent of the curriculum taught by industry experts) and Master of Data Science (addressing a data analytics skills shortage) are other examples of our industry relationships preparing students for the future of work.

Future-facing industry partnerships

We’ve established relationships with major organisations to make sure we stay at the forefront of industry developments.

Our partnership with Optus, which focuses on cybersecurity, will result in scholarships and Work Integrated Learning (WIL) opportunities for our students, as well as employment pathways for graduates.

We work closely with a number of sporting clubs, including Melbourne City Football Club, Carlton Football Club, AFL Player’s Association, Bendigo Spirit and IPL Kings XI Punjab to give our students access to work placements as well as research and internship opportunities.

We’re also the only university to offer an accredited art subject at the National Gallery of Victoria (NGV). As learning partner for the NGV’s summer exhibition, we’ve offered the subject Summer at the NGV for the past four years – in 2017, students were able to study the work of British icon David Hockney.

Preparing you for success with industry insights

Technology is advancing at an incredible rate, which means that many of today’s roles won’t even exist in the future.

It’s our job to prepare you for the roles of the future. We do this by helping you develop the flexibility and transferable skills you need to adapt to the changing market.

We’ve spoken to a number of employers, including PwC, Commonwealth Bank, Alfred Health, Thoughtworks, Pfizer, CSIRO, Melbourne Football Club, Telstra, Bureau of Meteorology, Deloitte, Certified Practicing Accountants and more to identify the core skills and attributes that employers value most highly.

We’ve used these insights to develop Career Ready, a program that supports you to build the attributes employers want. The program includes an app, a dedicated support team, an on-campus recruitment agency, and a range of activities you can participate in to build your skills.

First-hand industry experience

We’re also making sure our students come into contact with industry while they’re still studying.

With our Professors of Practice program, we’re championing a shift in how industry can contribute to education. Our Professors of Practice are industry professionals employed by the university to advise on curriculum, and, in some cases, teach.

Mark Morris, a Professor of Practice in the Department of Accounting, says, ‘I try to provide insights as to what they will find in the workplace wherever I can, because this is exactly the kind of knowledge that can give them an edge to stand out from the crowd.’

Work Integrated Learning (WIL) opportunities place students in organisations, giving them the opportunity to apply their theoretical knowledge in a real industry environment. After graduation, many of our students are employed by their WIL employer.

This post was originally published on the NEST blog.

LBS alumni Kate Davenport at La Trobe University: “No working day is the same.”

LBS alumna Kate Davenport

La Trobe Business School alumni Kate Davenport recently started working as a Consultant in Leadership and Capability (Organisational Development) at La Trobe University’s Human Resources department in Bundoora.

After having graduated in 2015 with a Bachelor in Accounting for La Trobe Business School at La Trobe University’s Albury Wodonga campus, Kate went on to take part in La Trobe University’s Graduate Development Program. Through the program, graduates have the opportunity to work in three different departments of the university over twelve months, allowing them to develop a deep understanding of the operations of several teams and how these teams intersect working on different projects as well as developing transferable skills they can use throughout their careers.

Kate completed three rotations of four months, each time working in a different department of the university: one the marketing department, one in the College of Science, Health and Engineering, as well as one in the Tertiary Enabling Program, all based in Albury-Wodonga.

“Out of all rotations, I think I enjoyed the one in the Tertiary Enabling Program the most,” she says. “Through this program, I assisted students with their studies and the transition to University– either via email or face-to-face, assisted lecturers with their classes and provided input into the curriculum. I consider myself extremely fortunate to have been able to watch the students grow and develop while participating in the program. I also learnt to communicate better, and understand the different kinds of communication that stakeholders require.”

Kate also mentions how she refined a lot of transferable skills throughout the graduation program: “During the program, I really developed a strong knowledge of the different areas and departments within the university. I also worked on a regional campus before coming to Bundoora. I believe that this was a big advantage, since it allows me to really bring a regional perspective to the table, and make sure the needs of staff in regional areas are taken into account. The program also gave me the opportunity to participate in development sessions and paired me with a mentor to further enable my professional development.”

Throughout her degree, Kate worked at an accounting firm at Albury-Wodonga, working in self-managed superannuation funds: “I really enjoyed the work, but it would sometimes start to feel monotonous,” she comments. “At La Trobe, I enjoy the variety of my current position. I work on a range of different projects and not a single day is the same, which is something I thoroughly enjoy.”

LBS’s Dr Tarek Rana delivers interactive workshop to local businesses in Moreland City Council

Recently, La Trobe Business School’s Dr Tarek Rana delivered an interactive workshop to local businesses as part of an industry engagement initiative between Moreland City Council and La Trobe Business School.

The budgeting and cash flow workshop aimed to help local business owners and managers with:

  • Setting and managing financial budget
  • Improving cash flow and profits of their businesses
  • Identify key business and financial tools

Dr Tarek Rana’s workshop showed how a business can improve its financial outcomes by linking budget with the business strategies. The workshop was focused on refining the way owners manage budget and cash flow by identifying organisational objectives and developing short-term goals and long-term strategies. Dr Rana has discussed many steps a business owner or manager can do at minimal cost to improve, measure and assess performance, re-evaluate objectives, goals, strategies through budgeting and cash flow management.

These workshops are also an important way in which LBS is strengthening its relationships with local industry and the business community.

Dr Tarek Rana

Dr Tarek Rana is La Trobe Business School Academic Coordinator for Albury-Wodonga Campus and a Lecturer in Management Accounting with La Trobe Business School. Prior to becoming an academic, Tarek was a Principal and senior manager of professional accounting firms in Sydney and Canberra. He has considerable practice experience in the areas of business services, taxation, auditing, and financial planning as well as consulting services including performance measurement and risk management.

Tarek has strong links with professional accounting bodies both in Australia and overseas. He is La Trobe University Albury-Wodonga liaison for CA ANZ, CPA Australia, and CIMA UK. He has served as an executive committee member of the CIMA Australia ACT Branch (July 2013 – June 2016), and now serving as a council member of CPA Australia Albury-Wodonga Branch (February 2017 – Present) and a branch committee member of the Chartered Accountants Australia and New Zealand Albury-Wodonga Group (August 2016 – Present).

POP Mark Morris interviews Leigh Conlan: Career change is the only constant (or Doors a Latrobe Economic Degree can Unlock)

In this two-part blog entry, Professor of Practice Mark Morris discusses what innovation means in accounting, as well as what a career in accounting entails today, together with Leigh Conlan from Specialist Accounting Services. Leigh is also a La Trobe Business School graduate graduating in 1982 with a Bachelor in Economics.

Mark Morris: II understand that you are an alumni of La Trobe University

Leigh Conlan: Yes Mark, I studied economics and graduated in 1982 from La Trobe University. Following the completion of my degree with La Trobe, I was able to branch out into a variety of roles in both the public and private sectors.

Mark Morris: It seems these days that university graduates these days don’t have a job for life. Can you share with me your experience in relation to changes in your career?

Leigh Conlan: Absolutely. I have been fortunate to work for a number of organisations in a variety of capacities including accounting, economics, tax advisory, legislative analysis, and R&D consulting. I started out as a tax investigator with the ATO which was interesting work for a graduate as it allowed me to get a great perspective on private enterprise and in particular smaller organisations where accounting and the law intersect. Following this role, I transitioned to the ACCC which was then the Trade Practices Commission where I was heavily involved in litigation and policy objectives. What I found interesting in this role was, more specifically, price fixing collusion and conspiracy activities and investigations.

Mark Morris: So you were a corporate cop Leigh?

Leigh Conlan: Yes, essentially.

Mark Morris: And then you came over to private enterprise?

Leigh Conlan: That’s right, I came over to the dark side and started consulting in private enterprise. I worked for a number of big firms and was a partner of one of the larger accounting firms in Australia before I started my own practice.

Mark Morris: And what has your experience been like in respect of changes in roles?

Leigh Conlan: What I have found is that there is nothing wrong with a change of career and that change should always be embraced. In these modern times it is not only organisations that need to be agile and adaptive but this also applies to employees and individuals. To a certain extent change and being adaptive is a part of Australia’s history. Automation, fast changing technological and geopolitical changes will dictate market behaviour and employment opportunities.

Mark Morris: So how do you keep abreast of new developments in government policy and public-private collaboration?

Leigh Conlan: Well I am a member of the National Reference Group which is a peak body of private practitioners, the ATO and AusIndustry. I represent the CPA’s on that group which me enables to interface between public policy developments and issues from industry. I am also a member of the State Reference Group which provides further practical application.

Mark Morris: I gather that your ability to adapt and change led you to starting your accounting practice?

Leigh Conlan: Correct, I started Specialist Accounting Services a number of years back with a focus on providing high quality services in the fields of indirect tax and R&D advice.

Mark Morris: Can you tell me a little more about Specialist Accounting Services and how you differentiate yourselves against other service providers in this space?

Leigh Conlan: Sure. We differentiate ourselves by being an organisation which has the expertise across a range of industries relating to R&D. Specialist Accounting Services also employs a range of specialised technical consultants from the engineering and bio medical fields to leverage expertise in accordance with clients in these respective fields. This enables a better understanding of our clients’ needs and enables a smooth process through the R&D tax application process. This also empowers us to have a nurturing a close and positive working relationship with our clients. We also carry out services in respect of litigation support and competition policy assistance. Lastly, we provide a high quality service enabling our clients to receive a beneficial tax outcomes in accordance with the government legislation and the AusIndustry framework.

Mark Morris: Well, thank you for your time today Leigh. It has been a pleasure talking with you

Leigh Conlan: It was my pleasure. Thanks Mark.

POP Mark Morris interviews Leigh Conlan: Supercharging R&D and collaboration

Professor of Practice Mark Morris (left) and Leigh Conlan (right)

In this two-part blog entry, Professor of Practice Mark Morris discusses what innovation means in accounting, as well as what a career in accounting entails today, together with Leigh Conlan from Specialist Accounting Services. Leigh is also a La Trobe Business School graduate graduating in 1982 with a Bachelor in Economics.

Mark Morris: I am pleased to introduce Leigh Conlan of Specialist Accounting Services to discuss the recent government innovation statement and incentives that the government has introduced for both private and research organisations in respect of R&D. Leigh, Good morning.

Leigh Conlan: Good Morning Mark.

Mark Morris: Now Leigh, I understand you run a consultancy practice in the R&D space and you advise a broad range of clients.

Leigh Conlan: That’s correct Mark, we run a specialist practice service and in fact, operate under a company name Specialist Account Services Pty Ltd.

Mark Morris: That’s great Leigh. Tell me about some of your clients.

Leigh Conlan: Well we advise a range of clients from small medium enterprises through to large corporations and government departments. We offer a professional assistance to all businesses and research providers in the matters of R&D tax incentives and government grants

Mark Morris: That’s a good segue into my next topic which is around the innovation statement released by the government. What do you think the government’s approach is in this regard Leigh?

Leigh Conlan: As you know Mark, the innovation statement is built on four key pillars but it is important to keep in mind Mark that this is the first time that there has been a comprehensive tying together of all of the research and development governmental policy objectives.

Mark Morris: So can you provide some further insight into the four pillars that the government has outlined in the innovation statement

Leigh Conlan: Well briefly speaking these four pillars as outlined in the National Innovation and Science Agenda statement being ‘Culture and capital’, ‘Collaboration’, ‘Talent and skills’, ‘Government as an exemplar’. Within these pillars are specific areas that the government is targeting. For example the government has set up a $20Billion Medical Research Fund to increase funding in the areas of medical research and innovation. Another example, which may relate to La Trobe, is the government R&D funding of $2.8Billion to universities and the higher education sectors. There are also other funding initiatives such as cyber security innovation and other IT projects the government has initiated. These overall projects form only a snapshot of government funding examples but provides a glimpse of the overall innovation policy and where the government is heading in respect of stimulating research and development.

Mark Morris: So what is the majority emphasis of the government funding Leigh?

Leigh Conlan: Well Mark, the big spend by the government is still the R&D tax incentive which equates to just over $4.5Billion per annum. While the majority of that money goes into business, it should be kept in mind that research service providers also greatly benefit from this policy and there are valuable private business spinoffs from research organisations.

Mark Morris: When you talk about R&D, it’s not all lab coat style research projects is it?

Leigh Conlan: Not at all. We see R&D in areas where you would not ordinarily think that R&D would apply. Research and Development takes place in a variety of forms and industries. Some examples may be building and construction, on farms and of course software development. We have come across a number of private organisations, particularly those which are small scale, which were under the misconception that many of their activities would not be considered R&D when in actual fact they may be.

Mark Morris: Can you talk a little more about such products and processes in this regard?

Leigh Conlan: Well, many organisations are undertaking the development of products using a scientific methodology to determine outcomes and therefore creating new knowledge as a result of these activities.  It is also very exciting to see a variety of small to medium enterprises across Australia undertaking a number of dynamic projects which involve Research and Development as well as new commercialisation of innovative products.

Mark Morris: So given you are across many organisations who are at the cutting edge of technology, I assume that you have other areas you advise on?

Leigh Conlan: That’s correct. Specialist Accounting Services is unique as we have technical expertise and we can assist in a variety of capacities including comprehensive advice in the areas of commercialisation, government development and early stage development grants, government support programs and investing in early stage development funding.

Mark Morris: So can you provide more detail in regards to government incentives and programs that you advise in?

Leigh Conlan: Sure, one such program is around the commercialisation Australia program which provides funding of up to $200,000 to assist new organisations and those wanting to test the viability of product commercialisation. Also we have provided advice in relation to cooperative research centre (CRC) project grants as well. The CRC and associated grants is an outcome focused programme designed to support industry while supporting collaboration between industry, research and the community in a competitive framework.

Mark Morris: Have there been many changes by the government in relation to government grants and assistance?

Leigh Conlan: Yes there have been changes in regards to the tech sector that were previously restricted on applying for grants. These have now been removed to stimulate commercialisation and the development of novel IP across a broader range of industries across Australia. We see the government’s focus in this domain is on stimulating new knowledge, local IP and bringing innovative products to market in order to stimulate economic and employment growth.

Mark Morris: So have you seen many examples where universities specifically benefit from the R&D tax incentive scheme?

Leigh Conlan: Yes Mark I have seen this a number of times where universities are providing services to private organisations and where both benefit from the close collaboration undertaken. One such example is one our clients in the ehealth domain where a prominent Victorian university provided research assistance in evaluating IT architecture suitable for gathering information around broad based and large scale health records.

Mark Morris: So this is all research and development expenditure around software and IT?

Leigh Conlan: Correct Mark, we have also been involved with a number of initiatives in the private sector relating specifically to analytics and big data projects.

Mark Morris: Can you elaborate on how these initiatives may provide beneficial outcomes for the private sector, RSPs as well as the general public?

Leigh Conlan: We have seen a number of initiatives carried out by the big four banks in relation to blockchain. The key objective of blockchain is to develop a distributed database ledger which can continuously update records between parties and therefore improve the efficiency of banking transactions.

Mark Morris: That’s very interesting. Do you see any other developments relating to big data in the private sector?

Leigh Conlan: Actually we have also seen developments in the Telecommunications sector where a number of Australian telco’s have been building big data lakes and utilising these data repositories for a number of practical applications such as geolocation, product marketing and improving operational uptime.

For the second part of this interview, keep an eye on the Business Newsroom blog!

2016 CPSGAP Public Sector Forum

lbs-logo

La Trobe University’s Centre for Public Sector Governance, Accountability and Performance (CPSGAP) invites you to attend its 2016 Public Sector Forum.

Speakers

Professor Andrew Podger (Australian National University)

Professor Andrew Podger will speak about Retirement incomes policy in the context of budget repair.

Professor John Wanna (Australian National University)

Professor John Wanna will speak about Budget repair: the elusive surplus.

Professor Christine Wong (University of Melbourne)

Professor Christine Wong will speak about China’s efforts to install risk management.

Event Details

Date: 1 December 2016

Time: 11.00 am – 4.00 pm (a light lunch will be served)

Location: La Trobe University City Campus, Level 20, 360 Collins Street, Melbourne

Register: Please RSVP by Thursday 24 November. Contact CPSGAP Executive Director Professor Zahirul Hoque via email, and register via the corresponding La Trobe University event page.

 

Accounting on puppy love

group

By Lauren Mitchell

For accounting student Emma Ashworth, choosing a charity to fundraise for as part of her course was one of this year’s easiest uni tasks. It had to be Righteous Pups. The Bendigo-based not-for-profit group trains assistance dogs for at-risk teens and children with autism.

“I have a sibling who was diagnosed with autism at a young age and if he had had access to one of these dogs then it would have made a huge difference in his life,” Emma says. “I am honoured to be able to raise funds for a charity that is doing fantastic work.”

Emma is one of a group of accounting students to join their Bundoora counterparts in the fundraising challenge. The La Trobe Business School will kick in an extra $500 for the group that raises the most for its chosen charity.

“We’re hoping we can win against the Bundoora groups for the prize money to increase our donation to Righteous Pups,” says fellow student Elysia Young. “They’re much more than a cute puppy charity. They do really meaningful work training autism assistance dogs, as well as dogs for medical alert and therapy.”

untitled

Accounting student Michael Martin and new mate Fergus.

The students took their efforts off campus this week for an event at the Bendigo and Adelaide Bank headquarters. As well as chocolate and raffle ticket sales, the students helped host tours of the bank building with Righteous Pups Labradors. The dogs provided some much-loved puppy therapy for bank staff, plus prompted plenty of loose change donations.

Accounting lecturer Kate Ashman was also on hand to help. “This group of accounting majors have demonstrated a level of commitment and passion to a voluntary program which has been a credit to themselves,” Kate says.

“I have watched the growth of these students, from when they were hesitant about the project through to being aware of the professional skills they now possess and can take with them into long-term careers.”

Kate says the project has connected students to many local businesses, including RSD Chartered Accounting, which gave them some professional advice to help the cause.

“The support from our local community has been fantastic. So many businesses have donated goods to raffle and assisted our students to achieve their goal of assisting Righteous Pups.”

Student Michael Martin says he can already see how taking part in the project will have benefits for life post-uni. “It’s been a fantastic opportunity to develop my work-ready attributes and philanthropic desires at a critical point of my degree,” he says. “We’d also like to say thank you to the Bendigo and Adelaide Bank for supporting us and this wonderful cause.”

This article was originally published on the La Trobe University Bendigo Blog.

The FIRN PhD course in banking and stability: things I have learned as a young researcher at LBS.

FIRN

By Shawgat S. Kutubi

I recently attended the banking and stability course offered by the Financial Research Network (FIRN) and organized by the University of Sydney Business School from 18-22 July, 2016.  I am a PhD candidate in LBS in the Department of Accounting.  My thesis research is focused on “Busy Directors’ Impact on Bank Performance, Risk-Taking and Earnings Quality”.  As stated on its website, “FIRN : the Financial Research Network – is a network of finance schools across Australian universities whose focus is on developing better research outcomes, better researchers, better educated PhD students and better collaborations nationally and internationally through networking and researcher development.” (http://firn.org.au/about-firn/)

The 5-day long course took place at the newly established building of the university at its Darlington campus and had 22 participants from several business school across Australia. Days were divided into two morning and afternoon sessions each day. The event was co-ordinated by Associate Professor Eliza Wu from the University of Sydney Business School.

1. Meaningful Feedback

Before the course began, the coordinator sent designated papers to all participants, with the papers being presented during the morning sessions. Each presenter was assigned two papers, and asked to present them critically. Afterwards both presenter and participants were asked to develop a new research idea using the findings and limitations discussed in presented papers. Then, the coordinator paired students to discuss future research possibilities using the new idea(s) generated within the class, according to their own research background. I found the brainstorming part of finding new research ideas fascinating.

The afternoon sessions allowed the PhD researchers to discuss their own research. This session gave me and many others the opportunity to learn about new data-analysis techniques and various data-sources from the course participants and coordinator. As an emerging researcher, hearing other researcher’s critical comments allowed me see my research from an entirely different perspective.

2. Research doesn’t have boundaries

As a PhD researcher joining this course I found that it particularly helped me to learn about certain tools of research from experienced academics. One of the experienced participants was Professor Iftekhar Hasan, who is a Professor of Finance, at Fordham University, USA. Speaking to him made me realise that there are no boundaries to doing research; research interest and research jurisdictions should not necessarily make the researcher parochial. Professor Hasan shared his personal journey of becoming a world class researcher, motivating the emerging young researchers attending to develop career strategies according to the ever growing challenges in the world of academia. This, along with speaking to other passionate researchers, motivated me to try and seize more international opportunities as a researcher, once I complete my PhD.

In short, this course was a unique opportunity for a young researcher to network with banking and finance researchers at Australian universities. I would strongly recommend all fellow PhD researchers at La Trobe Business School to join courses offered by FIRN (and other organizations who host courses and degree programs).

I would particularly like to thank my supervisor Professor Kamran Ahmed, Department of Accounting, for giving me this opportunity and encouraging me to join this course at a later stage of my thesis writing.

 

 

Older posts

© 2018 Business Newsroom

Theme by Anders NorenUp ↑