This year’s awards will continue to focus on 10 distinct categories
Kampala: Association of Chattered Certified Accountants-ACCA Uganda and Deloitte Uganda have on Monday 29th July 2024 announced the renewal of their strategic partnership, aimed at advancing capacity building and recognizing excellence among Chief Financial Officers (CFOs) in Uganda. The renewed collaboration will span for a period of three years, reinforcing the commitment of both organizations to foster professional development and acknowledge outstanding financial leadership in the country.
Charlotte Kukunda, the Country Manager ACCA Uganda, has noted that the cornerstone of the partnership will be the prestigious CFO Awards, set to take place on October 17th at the Kampala Serena Hotel under the theme “Pushing Boundaries, Exploring the Growth Mindset”. Nominations open Monday, 29th July, 2024 and close 6th September, 2024 via https://www.accaglobal.com/africa/en/cam/uganda-cfo-awards.html
“This extension is to explore opportunities for collaboration for our mutual benefit. So, in addition to everything else that we’ve been doing under the CFO agenda in Uganda, which includes awards, quarterly CFO forums where CFOs come and discuss topical issues, but also through which CFOs have been nurtured, we are adding the CFO lab which will focus on three important resources that CFOs should manage during times of significant change. The lab will be a training ground for CFOs and this is part of the winners of the CFO Awards will benefit from this as well’’. Kukunda noted.
She added that the core focus areas for the CFO Lab training include personal organizational, time management, talent in the finance organization and critical stakeholder management.
“Through this platform, we are inspiring action through commitment to create more sustainable outcomes for their organizations,” Kukunda added.
In his remarks, Joseph Ssekabira, Fellow Member of the Association of Chattered Certified Accountants (FCCA), – Associate Director, Risk Advisory, Deloitte Uganda reaffirmed the company’s commitment to continued collaboration with ACCA Uganda to uplift the CFO profession, saying “Our goal is to continue promoting the finance profession, working closely with ACCA Uganda to recognize finance leaders and to steer their roles and distinction. So, we are committed to the MoU that we have signed today, and we look forward to working with ACCA, but also importantly working with the different CFO’s and accountants across the spectrum in this partnership to propel the CFO agenda to greater heights in Uganda.”
As a 1st runner up of the 7th edition of the CFO Awards, Peter Senyange, FCCA CFO Postbank Uganda urged CFOs and accountants to nominate themselves for this year’s awards in consideration of the immense learning and networking opportunities and recognition for their hard work.
This year’s awards will continue to focus on 10 distinct categories as highlighted below;
Public Sector Award
This award will go to an outstanding Head of Finance, Assistant Commissioner, Principal Accountant or Senior Accountant in a government ministry, parastatal, agency or department who has demonstrated outstanding financial management, value creation and the seven vital capabilities of professional accountants
Not-for-Profit Award
This award will go to an outstanding CFO or Head of Finance currently making a vital contribution to the financial leadership of a not-for-profit organization, has a track record of ensuring that the donor funds are appropriately spent and accounted for in accordance with the relevant and applicable reporting framework of the entity and donors and has exhibited value creation and impact in the implementation of donor projects. The winner will also have demonstrated the seven vital capabilities of professional accountants.
SME Award
This award will recognize a CFO or Head of Finance in a Small and Medium-sized Enterprise (SME), who has demonstrated outstanding financial management, contributed to the growth of the enterprise and have demonstrated the seven vital capabilities of professional accountants.
Small and Medium-sized Enterprises (SMEs) include all types of formal enterprises irrespective of their legal form (such as family enterprises, sole proprietorships, or cooperatives), employing between 5 – 100 employees and total assets not exceeding UGX 360 million.
Young CFO Award
This award will recognize an accounting professional who quickly rose to the position of CFO/Head of Finance, is 40 years and below and has a proven track record of good financial performance with an added advantage of having turned around an entity from loss making to a profit making enterprise.
The Young CFO will have shown attributes of innovation, exceptional professional competence and made an impact on their organization in addition to demonstrating the seven vital qualities of professional accountants.
Compliance & Governance Award
The Compliance and Governance Award will recognize the CFO/ Head of Finance who is a champion in helping the business achieve its goals in a way that is open, honest, ethical and principled, and should have demonstrated extensive contribution to building and implementing policies, procedures and systems designed to detect and prevent compliance breaches. He or she should have led the development of a value driven strong compliance culture and best practices that secure buy-in from executives, managers, employees, contractors and business partners all at levels. This award also recognizes individuals, who have gone above and beyond to raise awareness, encourage and facilitate good governance. Individuals who have built strong and influential relationships and partnerships with a variety of stakeholders or taken on a high-profile project that had a positive impact or demonstrated effective leadership in the achievement of departmental and organizational objectives and demonstrated the seven vital qualities of professional accountants.
Strategy Execution Award
This award recognizes a CFO or Head of Finance who has shown agility and resilience in dealing with significant disruptions and changes in the business environment, enabling the business to successfully adapt to new demands and challenges. This CFO or Head of Finance will have shown great leadership and innovativeness in creating the right (financial) conditions to execute the organization’s strategy as well as actively contributed/participated in the implementation of the organizational strategy. The awardee will have demonstrated how their contribution to strategy increased the value of their organization and demonstrated the seven vital qualities of professional accountants.
Finance Transformation and Technology Award
This award recognizes a CFO or Head of Finance who has championed transformative solutions in their finance function and has been successful in redefining the role of finance within their organization. It also seeks to recognize CFOs who have invested in and unlocked technologies that had the power to transform the business and will have played a crucial role in crafting and executing a successful business-aligned IT strategy to provide businesses with value delivery. The winner will have demonstrated revolutionary results in digital agility, leadership and execution to enhance the structure of the finance function and value creation in their organization and demonstrated the seven vital qualities of professional accountants.
Sustainability Award
This award will recognize a CFO or Head of Finance who has demonstrated leadership in creating long-term value by integrating sustainability measures into strategies, standard processes and procedures as well as reporting on Environmental, Social, and Governance (ESG) impacts in their annual reports. The CFO will have demonstrated exceptional management of natural environmental and social resources through a clear strategy (including risk management), procedures and suitable governance structures. The awardee will have demonstrated how the sustainability programs that they championed increased the value of their organization. and demonstrated the seven vital qualities of professional accountants.
Leadership Award
This award will recognize a CFO or Head of Finance who has demonstrated excellence and foresight in leadership for themselves, team members and their organization through the technical mastery and assertive flexibility, fostering cohesion with other departments, proactive contribution to organizational strategic decision making, building influence and trust with team members steering the next generation of finance leaders. The awardee will have given an account of how their leadership has transformed their teams, enhanced collaboration and human capital development in the organization and demonstrated the seven vital qualities of professional accountants.
CFO of the Year Award –
This is for your information only and is not a nomination category. The Judges will determine the winner from the submissions and interview process.
The CFO of the Year Award will go to an outstanding CFO or Head of Finance who has demonstrated financial leadership and outstanding performance over several years. The candidate will have showcased a direct and practical impact on the strategic direction and growth of the organization. This CFO or Head of Finance leads by example with a focus on the future and a value – creation viewpoint and displays the seven vital capabilities of professional accountants.
About ACCA
ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
ACCA supports its 219,000 members and 527,000 students in 179 countries, helping them to develop successful careers in accounting and business, with the skills required by employers.
ACCA is currently introducing major innovations to its flagship qualification to ensure its members and future members continue to be the most valued, up-to-date and sought-after accountancy professionals globally. Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. For more information about Deloitte’s global network of member firms.
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