The 5th Annual Conference of the Financial Director's Club
News \ 20.12.2013

November 28, 2013, St. Petersburg, Hotel Radisson Royal Hotel hosted the 5th Annual Conference of the Financial Director's Club, which was organized by the newspaper Vedomosti St. Petersburg.

The Conference of the Financial Director's Club takes place in St. Petersburg twice a year. This conference creates a unique platform for discussing topical and pressing issues related to the activities of the Finance Director. Acsour took the duties of the media partner of the event.

The first session of the conference was devoted to the discussion of the current state of global and Russian financial markets and current development trends. Also recent and planned changes in legislation relating to the activities of Financial Directors were announced: the Civil Code, the Labor Code and the Tax Code. The representative of the Federal Tax Service made a report about the essence of the Federal Tax Service project "Horizontal Monitoring” and its prospects.

The second session can be characterized as a practical part of the conference. The audience was told about exchange of electronic documents, about the ways to make the company's debt a risk-free asset, also there was told about the practice of implementation of common service centers. Natalia Loseva, Acsour Project Manager, made a speech on confidentiality of key employees wage data. Natalia told the audience about the importance of maintaining the confidentiality of wage data, about the leakage channels of such information and risks that company can meet with if confidential information becomes available to third parties. Also Acsour presented a solution that maximizes the protection of key employees confidential data by the transferring the payroll process of such employees to provider.

In the final part of the event there were discussed the primary functions of Financial Director, as well as Financial Director’s changing role in the company. At the end of the conference all the guests could taste anniversary cake and drink a glass of champagne.

The conference was attended by over 100 participants: financial directors and chief accountants of the leading Russian and foreign companies.