Day 1 - Corporate Reporting Forum

PwC Thailand’s 2024 Symposium:
Day 1 - Corporate Reporting Forum

Beyond boundaries: Shaping tomorrow’s innovations

In today’s intensely competitive environment, business stakeholders require immediate, actionable insights and precise forecasting to sustain growth and manage risks effectively.

As financial statement users’ expectations now extend beyond mere financial data, management must stay informed about global trends and market shifts. By staying updated with the latest regulatory developments and identifying emerging challenges, businesses can proactively align with the evolving needs of investors and other stakeholders, ensuring continued success.

Furthermore, AI is swiftly transforming business practices, especially within the accounting and finance sectors. By leveraging AI’s immense potential, CFO teams can streamline operations, enhance efficiency and uncover new growth avenues. Integrating AI into financial strategies enables more accurate forecasting and data-driven decision-making, keeping businesses ahead of the curve.

Equally important is integrating ESG principles into financial planning. Aligning financial goals with sustainability and ethical practices not only meets investor expectations but also drives long-term value creation. CFOs play a critical role in embedding ESG metrics into financial forecasting, risk management and capital allocation, ensuring that the organisation’s strategies are both financially sound and socially responsible.

Join PwC Thailand’s foremost experts and professionals as they share valuable insights, best practices and essential takeaways on staying informed, driving strategic growth and evolving your CFO team through the integration of AI and ESG principles.

The Corporate Reporting Forum 2024 will offer a wealth of insights and resources designed to drive your business forward in the constantly evolving global business landscape.

Topic synopsis

Tuesday, 19 November 2024 – Corporate Reporting Forum

9.15–10.30am
10.45am–12pm
1–2.30pm
2.45–4.15pm

9.15–10.30am

The Road Ahead: Anticipated Developments in Financial Reporting Standards

IFRS 18: Redefining How Financial Performance is Communicated
IFRS 19: Simplifying Subsidiary Disclosures
Addressing Investor Concerns: Proposal to Amends IFRS 3 and IAS 36

The financial reporting landscape is on the verge of significant transformation with the introduction of new standards and amendments. One of the major changes is IFRS 18, which aims to redefine how financial performance is communicated, enhancing clarity and transparency for stakeholders. Additionally, new standards are being introduced to simplify subsidiary disclosures, thereby reducing the reporting burden on companies while maintaining the financial information’s integrity and usefulness.

To address investor concerns, amendments to IFRS 3 and IAS 36 are being implemented. These changes focus on improving the accuracy and reliability of financial reporting in areas such as business combinations and impairment testing. By understanding the implications of these amendments, companies can ensure that their financial statements meet investor expectations and regulatory requirements.

Staying updated with these upcoming changes and start to prepare early will be crucial for a smooth transition and continued compliance. Join us to gain valuable insights into these anticipated developments and learn how to effectively prepare your team for the future of financial reporting.

Speakers

Boonlert Kamolchanokkul
Assurance Leader, PwC Thailand
Wandee Leevorawat
Assurance Partner, PwC Thailand

10.45am–12pm

The AI-Driven Digital Transformation Playbook for the CFO’s office

Driving finance transformation with Gen AI
Use cases of AI improving operational efficiency and accuracy

C-suite Panel Talk - Gain invaluable insights from C-suites who are at the forefront of integrating AI into their financial strategies and transforming their organizations

This session will delve into how Gen AI is revolutionising finance transformation. By leveraging advanced AI technologies, CFOs can streamline financial operations, enhance decision-making processes and uncover new growth opportunities. This session will provide a comprehensive understanding of how Gen AI is being integrated into financial strategies, thereby transforming how financial data is managed and used.

Join our C-suite panel talk to gain invaluable insights from executives who are at the forefront of integrating AI into their financial strategies and transforming their organisations. These industry leaders will share their experiences, challenges and successes and discuss the future direction of using AI in their organisations to drive innovation and maintain a competitive edge.

Attendees will gain valuable insights into how AI improves operational efficiency and accuracy. By understanding the practical applications of AI, CFOs and their teams will learn approaches to implementing AI-driven solutions within their organisations to enhance performance and drive strategic growth.

Speaker

Vilaiporn Taweelappontong
Asia Pacific Financial Services Consulting Leader and
Consulting Lead Partner, PwC Thailand

Panelists

Vilaiporn Taweelappontong
Asia Pacific Financial Services Consulting Leader and
Consulting Lead Partner, PwC Thailand
Maneerat Anulomsombut
CEO of SEA (Thailand)
Yupa Leewongcharoen
CFO of TRUE Corporation PCL.
Natthapatt Tanboon-ek
CFO of WHA Group

Moderator

Atishart Wongwuttiwat

1–2.30pm

Executive Leadership in action: Creating positive impacts through ESG

The evolving role of the C-suites in ESG
Integration of ESG into financial planning
Financial impact of ESG on business performance
Leadership and stakeholder engagement

C-suite Panel Talk - Learning from leading CFOs about the dual role of driving financial success and promoting ESG performance through innovative sustainable finance strategies.

The CFO’s role has now evolved to include not only financial management but also driving ESG initiatives. This session will explore how CFOs are integrating ESG principles into financial planning to align corporate strategies with sustainability and ethical practices. By embedding ESG metrics into financial forecasting, risk management and capital allocation, CFOs can ensure that their organisations’ strategies are both financially sound and socially responsible.

Understanding the financial impacts of ESG on business performance is crucial for today’s CFOs. This session will delve into how strong ESG performance correlates with financial returns and can be leveraged to drive innovation and competitive advantage. Attendees will gain insights into practical approaches for measuring and reporting ESG impacts, thereby enhancing transparency and meeting investor expectations.

Join our C-suite panel talk to learn from leading CFOs who are successfully balancing the dual role of driving financial success and promoting ESG performance through innovative sustainable finance strategies. These industry leaders will share their experiences, challenges and best practices in leading cross-functional teams and engaging with stakeholders to advance ESG initiatives.

Attendees will leave with actionable takeaways on how to effectively communicate the financial benefits of ESG to investors, ensuring long-term value creation and stakeholder trust.

Speaker

Kulawal Supesuntorn
Sustainability and Climate Change Director, PwC Thailand

Panelists

Adul Premprasert
CEO of Thanakorn Vegetable Oil Products Co., Ltd.
Prad Kerdpairoj
Asia Director of Sustainability of Thai Union Group PCL
Sineenuch Kokanutaporn
Managing Director of Thai Eastern Group Holdings PCL

Moderator

Kulawal Supesuntorn
Sustainability and Climate Change Director, PwC Thailand

2.45–4.15pm

Navigating the Green Accounting Landscape: ESG and Climate-Related Accounting Impacts and Considerations

Net-Zero Goals and Climate-Related Considerations
Green Initiatives
Emission Trading and Allowances

Net-Zero Goals and Climate-Related Considerations:

Adapting to net-zero carbon emissions targets and addressing climate-related factors is increasingly essential for businesses. This session will provide comprehensive insights into how companies can align their financial reporting and accounting strategies with climate commitments. Key areas of focus will include evaluating the impact of net-zero commitments on asset impairment and useful lives, adjusting fair value measurements to account for climate-related risks and uncertainties, and assessing the impact of these risks on the recoverability of receivables and loans. Additionally, we will explore identifying critical events that necessitate the recognition of liabilities.

Green Initiatives:

Green activities such as green labeling, green energy, and green investments play a critical role in shaping a sustainable future. This session will delve into the nuanced accounting and reporting challenges associated with these initiatives. Participants will learn how to recognise and report green labeling implications, understand the accounting and reporting consequences of entering into green energy agreements, and explore the financial reporting impacts and accounting treatments for investments in green financial instruments. By understanding these aspects, companies can enhance their reporting transparency and accountability.

Emission Trading and Allowances:

Emission trading schemes and the buying or selling of emission allowances present unique accounting challenges. This session will cover the principles and practices of emission trading, providing insights into the financial reporting requirements for these schemes. Attendees will gain a deeper understanding of the key considerations and different accounting outcomes associated with purchasing or selling emission allowances. By navigating the complexities of emission trading systems and understanding the financial implications of participating in carbon markets, companies can more effectively manage their carbon footprints, meeting both regulatory requirements and sustainability targets.

Speakers