Context: ICB is... Bookkeepers helping Bookkeepers helping Business Local Focus - National Accreditation - Global recognition Concept Statements ICB promotes and maintains the standards of bookkeeping as a profession, through the establishment of expectations, relevant qualifications and the award of grades of membership that recognise academic attainment, working experience and expertise. ICB Global Objectives ICB Global states The Institutes objectives are: To promote bookkeeping as a profession To enable bookkeeping to gain recognition as an integral part of the financial profession To promote training in the principles of bookkeeping To enable the achievement of a qualification To improve the career prospects of its members Vision In Australia, the ICB provides bookkeepers with the co-operative forum to be the best they can be. It is about bookkeepers: Bookkeepers helping bookkeepers helping business. The vision of the ICB is To provide bookkeepers With the co-operative forum To be the best they can be It's about bookkeepers Recognition Education In Australia, "Bookkeepers" includes BAS Agents who are registered with the Tax Practitioners Board for the purposes of the Tax Agent Services Act 2009. The ICB aims to bring certainty to the bookkeeping profession and all involved and affected by it. It answers the questions: What does a bookkeeper do? How skilled is this bookkeeper? How do I prove my bookkeeping skills? How do I improve my bookkeeping skills? How do I do bookkeeping better? What are the benefits of being part of a professional organisation for bookkeepers? ICB will accredit, assist and inform bookkeepers and the community thereby increasing the structure and definition of the profession. ICB will promote Certified Bookkeepers and develop the Professionalism of Certified Bookkeepers. ICB is a member based, not for profit, professional association: bookkeepers helping bookkeepers." The Purposes of ICB Australia The purposes of ICB include To facilitate forums of information, experience and education exchange To provide Resources and Guidance for the best practice of bookkeeping To provide support for certified bookkeepers including technical assistance To Promote Certified Bookkeepers To develop the professionalism of Certified Bookkeepers To provide commercial benefit from being a member of this network Embrace, Support & Promote the BAS Agent regime To provide opportunities for the gaining of experience under supervision To ensure government & key stakeholders listen to, consider and promote certified bookkeepers and their reality The next 10 years to 2026 for ICB (A review undertaken in 2016) With the perspective of "Bookkeepers helping Bookkeepers helping Business", the benefits of "Global Recognition - National Accreditation - Local Focus", the vision and purposes as above, we specifically embark on Influencing the Educational review Influencing and collaborating with the ATO and Government Proactive engagement with our Strategic Partners Enhanced project management and communication Enhanced Digital Content and Design Developing further bookkeeper mentoring opportunities Enhancing the Network meetings Who is ICB? The Institute of Certified Bookkeepers ICB Australia Bookkeepers helping Bookkeepers helping business Established in Australia 2006, part of the ICB Global Network, represented in Australia, UK, NZ, Philippines, Africa, India & Eastern Europe. ICB Exists to: maintain the standards of bookkeeping as a profession represent bookkeepers at all level of government and other relevant bodies promote the professionalism of bookkeepers to business, government and the general public develop professional bookkeepers with support, resources, training & accreditation How? Bookkeepers helping Bookkeepers helping business Membership - Established series of membership grades that recognise academic attainment, working experience and competence Professionalism - CPE Program webinars,micro-credentials, skillsassessments, workshops & events Network meetings opens avenues especially new bookkeepers (supervision) Provision of support and technicalresources News Channel Podcast The Professional Bookkeeper The Institute of Certified Bookkeepers The Professional Bookkeeper A united profession What is a Professional Bookkeeper? Experienced A fully qualified bookkeeper Considerable experience in the industry A professional bookkeeper in practice will be a Registered BAS Agent Commitment to professional development A commitment to education, learning and development of skills via continuing professional development government webinars upskilling micro credentials on specific topic higher certificates Bookkeeping - 2024 and beyond The Institute of Certified Bookkeepers Bookkeeping 2024 and Beyond What does a Professional Bookkeeper Do in 2024? Guiding a business through compliance, legislation and process by providing: Business Systems Integration Establishment and management of efficient business process, systems and technology Checklists, business information sheets and templates Use of add-ons to streamline the processes Use of apps that give you a professional booking program Guiding a business through compliance, legislation and process by providing: Digitisation, Modernisation and Artificial Intelligence (AI) Using and advising on the latest technology solutions Automation - digital information capture E-invoicing - Exchange of standardise invoice information between suppliers and customers. Bank feeds Recurring transactions et Compliance & Reporting Intermediary between business and government - state & federal GST, Payroll Tax, Work Cover, Payroll & HR Appropriate authorities ATO lodgements Protections for yourself Are you making payments on behalf of the client Lodgements of superannuation and other penalties Financial Systems Management Traditional bookkeeping tasks - payments, invoicing, liaising with suppliers, customers, regulators Human Touch Providing verification, assurance and confirmation of the accuracy and integrity of data contained in modern systems The Challenges The Institute of Certified Bookkeepers Challenge 1 Whilst ICB has over 2,500 student members, converting those students into voting members once they have completed their studies has been a challenge. The current conversion rate is less than 10%. With such a low conversion rate there is a high risk that students will not continue to work in the Bookkeeping profession. This impacts the ongoing sustainability and long-term success of the organisation. The Project What support and services do we need to deliver to grow the engagement levels of students to better meet their needs whilst they are studying? What do we need to deliver to transition students into the profession as a voting member of the organisation? The target audience Vocational Students studying: Bookkeeping Accounting Accounts Administration * Note - often students of bookkeeping are mature aged students The Current Situation Students - Accredited Training Provider program to engage with Registered Training Organisations which offers free membership to students of those RTO's Challenge 2 Jobs & Skills Australia* reported in November 2023 that there are were: 97,500 Employed Bookkeepers 144,600 Accounting Clerks 93,000 Accounts Clerks Finding and attracting these employees to be voting members of the Organisation has been difficult. The project How do we find, connect and engage with employees working in accounts based roles within small to medium sized businesses? How do we tailor our member benefits and services to attract and support an accounts based employee in contrast to a self employed bookkeeper to provide value as a voting member of the organisation? The target audience Employees of small and medium sized businesses that are employed in roles such as: Accounts Payable & Receivable Clerks Accounts Officers Finance Managers The Current Situation ICB has a Business Support Membership. It is non-voting, not specific to an individual, very minimal benefits Project Similarities Increasing engagement levels Reaching our target audience Improving the value proposition to these cohorts Increasing membership numbers Risk mitigation by lifting professional standards Project Differences Difference Target Audiences Students are new entrants to the profession versus employees already working in the profession How do these projects assist ICB? The Institute of Certified Bookkeepers Project Outcomes To assist Industry sustainability - current average age is 52 To assist ICB to increase professional standards To meet our organisational policy & philosophy objectives To grow our voting membership base To increase student and employee engagement To secure the long-term viability and sustainability of the organisation So, I am assigned to do challenge 1 and here are something I need you to help with, it's project plan, project resources and budget. First project planning: Just know that the examples I provided are not really for this project. AT RISK. TASK NAME. E.g. Promotions -Posters - Design Print posters - Free coffee Loyalty card - design Print cards E.g. Sign writing Teaser messages on windows Change often Footprints on footpath Secondly the project resources below. Project Aim: Resource Description Source- where you will get resource from Human Full time, part time, contract based, casual; Assigned within the organisation, hired for the project, or working on the project in additional to their normal duties E.g. graphic designer Technology E.g. Microsoft project software Physical Resources E.g. posters Financial E.g. budget- project Lastly: project budget PROJECT BUDGET as at (date) Personnel. Cost Per Hour ($) Number of hours. Number of weeks. Total$. E.g. graphic artist/ sign writer Material cost. Cost Per Hour ($) Number of hours. Number of weeks. Total$. E.g. Microsoft project software/ merchandise