Faculty newsletter

March 2017

Dear Educator,

We hope you are all beginning to enjoy the signs of spring!

In this edition, we are excited to announce our commitment to closing the skills gap through the “Access your Potential” program and a PwC/Business-Higher Education Forum joint publication “Investing in America’s Data Science and Analytics Talent”. We are also pleased to have been named a Best Company by Fortune Magazine for the 13th consecutive year. This month, we share with you the Building Gender IQ eLearn and the release of our 4th Coursera course. We have also included resources on internal audit functions, the quarter close, tax function of the future, Brexit, digital IQ and more.


 

PwC Announcements regarding Closing the Skills Gap

Access Your Potential Commitment

Investing in America's Data Science and Analytics Talent - The case for action

On Thursday, March 30, our US Chairman and Senior Partner, Tim Ryan, participated in an AtlanticLive event, Crunching the Numbers: An Atlantic Forum on Data Analytics and Tomorrow's Workforce, which was co-sponsored by PwC and the Business-Higher Education Forum (BHEF). If you missed the livestream of the event, you can review it on AtlanticLive's website. During the event, Tim announced two important initiatives aimed at closing the skills gap.

PwC has made a five year, $320 million commitment to our Access your Potential program designed to increase opportunity for students in underserved communities by closing the education and skills gap. To read more from Tim regarding this program, click here.

Tim also commented on a new publication we wrote jointly with the BHEF entitled Investing in America’s data science and analytics talent.   Increasingly US jobs require data science and analytics skills. Can we meet the demand? The current shortage of skills in the national job pool demonstrates that business as-usual strategies won’t satisfy the growing need. If we are to unlock the promise and potential of data and all the technologies that depend on it, employers and educators will have to transform. This joint report from the Business-Higher Education Forum and PwC looks at eight actions for change to put the supply of skills in balance with the demand.


PwC named a Best Company by Fortune

For the 13th consecutive year, PwC was named as one of the 100 Best Companies to Work For by Fortune magazine. This is a tremendous honor for PwC as we've achieved our highest ranking ever, landing at #23 on the list. Year after year we continue to drive our core values -- integrity, inclusion, understanding, acceptance and equal opportunity -- and we are proud that doing so creates a workplace where talented people want to do work that matters while developing as leaders and growing their careers.


March is HeforShe Commitment Month

“Diversity, inclusion and peace are vital for solving important problems: this year we’re linking them more closely than ever”

As a HeForShe Impact 10x10x10 Corporate Champion, Bob Moritz, Chairman of PwC International says, “For PwC, HeForShe is about realising everyone’s full potential. We are very proud to release the Building Gender IQ learning module to raise awareness and encourage action to create an equal world for men and women.”

PwC has joined forces with the United Nations to develop a new Building Gender IQ eLearn module that seeks to educate people around the world on the importance and benefits of gender diversity in the workplace and beyond. To access the module, click here.

Read more from Bob Mortiz here. To pledge your support for HeforShe, click here


PwC Coursera: Course Four Now Available

Effective Business Presentations with Powerpoint

This course is all about presenting the story of the data, using PowerPoint. You'll learn how to structure a presentation, to include insights and supporting data. You'll also learn some design principles for effective visuals and slides. You'll gain skills for client-facing communication - including public speaking, executive presence and compelling storytelling. Finally, you'll be given a client profile, a business problem, and a set of basic Excel charts, which you'll need to turn into a presentation - which you'll deliver with iterative peer feedback.

All course materials can be accessed at no charge when enrolling in the individual courses and selecting audit only.  (Those enrolling in the specialization to include the capstone will pay a small fee and will receive a certificate of completion). To enroll in these courses today, click here.


Internal Audit Functions Need to Disrupt Themselves

PwC US today released its 13th annual State of the Internal Audit Profession study, which found that internal audit functions are losing ground in trying to keep pace with stakeholder expectations.

This year’s study shows that the number of stakeholders that view internal audit as “contributing significant value” dropped from 54 percent in 2016 to only 44 percent in 2017, reaching its lowest level in five years. Despite this drop, the good news is that nearly half of all stakeholders want internal audit to take on a more integral role; this can be achieved through the function’s ability to help stakeholders better manage unplanned or unanticipated events, also known as market disruptions. To learn more, click here. To read the study, click here.


The quarter close - First quarter 2017

A look at this quarter's financial reporting issues

This edition of The quarter close focuses on timely accounting and reporting information that can help you prepare for first quarter reporting. We start by spotlighting a video on the new definition of a business.

The quarter close is just one way we help keep you up to speed on what you need to know each quarter. Whether you prefer the written word, audio webcasts and podcasts, or video clips, our offerings have you covered—all accessible from this page. To read more, click here. To download the publication, click here.


Tax Analytics—The Next Frontier

Empower tax through analytics 

Tax Analytics is gaining momentum as it promises to expand the Tax function’s ability to deliver critical insights and value-added benefits to the enterprise. ‘Big data’ and predictive ‘analytics’ is one of the biggest investment areas for companies today, according to PwC’s Global Data and Analytics Survey 2016.

In this piece we focus on:

  • Tax Analytic capabilities and how your organization measures up to its leading-edge peers.
  • Analytics in Finance and how tax can leverage analytical tools across the organization.
  • The five levels of Tax Analytics and the tools and techniques that can be deployed

To learn more, click here.


Brexit - income tax accounting implications

On March 29, 2017, the UK Government gave formal notice of its intention to leave the EU. This notice triggers the process of negotiating the UK’s exit, which will occur in two years, unless the deadline is extended or a withdrawal agreement is negotiated sooner.

Various tax reliefs and exemptions that apply to transactions between EU Member States under existing tax laws will likely cease to apply to transactions between the UK and EU Member States when the UK ultimately withdraws from the EU. It is unclear at this stage if or when any new tax treaties between the UK and the EU or individual EU Member States will replace those reliefs and exemptions. To read the publication, click here.


2017 Digital IQ

How organizations can maximize and profit from technology investments

Today, the scope and scale of digital-driven change has grown immensely, and organizations have invested a lot of time and money to keep up. Yet company leaders are no better equipped to handle the changes coming their way than they were in 2007. Organizations aren’t so much falling behind as struggling to keep up with accelerating standards.

How, then, can you consistently unlock value from digital investments in a rapidly advancing world? The answer is at once simple and infinitely complex: Focus on the human experience: Rethink how you define and deliver digital initiatives, consider employee and customer interactions at every step of the way, invest in training and culture, and much more. To learn more, click here.


Strategy + Business: Spring 2017 Edition

10 Principles of Strategy through Execution

“We are all in the gutter,” wrote Oscar Wilde, “but some of us are looking at the stars.” That is the nature of strategy through execution. You operate deep in the weeds, managing countless day-to-day tasks and transactions. At the same time, you keep a steady gaze on your company’s long-term goals — and on ways you can stand out from your competitors.

Having a close link between strategy and execution is critically important. Your strategy is your promise to deliver value: the things you do for customers, now and in the future, that no other company can do as well. Your execution occurs in the thousands of decisions made each day by people at every level of your company. To continue reading, click here.


Building Trust While Cutting Costs

“Everything went quiet.” That’s how one manager described the workplace immediately after his company announced a large-scale restructuring — and it’s an all-too-familiar story to employees whose companies have engaged in a cost reduction initiative. Decisions are being made at the highest level of management, but little is known outside that inner circle. Employees still need to do their jobs: serving their external and internal clients, meeting deadlines, and moving existing projects and plans forward. But that’s easier said than done in the face of uncertainty. Worse still, no one can be sure that a slash-and-burn cost-cutting exercise will accomplish its intended result. Often, these efforts weaken a company instead of positioning it to grow effectively. To continue reading, click here.

To register to receive Strategy + Business, click here.

 

 

Best Regards,

Julie Peters, US University Relations Leader

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