Course Detail(E115 : Winning through Ethics: The Art of War Strategy for Accountants)

E115 : Winning through Ethics: The Art of War Strategy for Accountants

14.00 CPE Hours (Category 2)
Classroom

Programme Objective

Social ethics is a rising, global trend. The goal is for you to become an ethically conscious human being and even more importantly, learn the strategy of avoiding being snarled into an ethical dilemma in your profession as an accountant. There are just one too many corporate stories and having worked so hard to be a qualified Singapore Chartered Accountant, it makes sense for you to protect yourself. The key is to know how to best ethically adapt to a given scenario that presents unique opportunities but may be laden with unseen threats. Or if you are drawn into a situation, the question is how do you get yourself safely out? These are matters that can be very complex and you need time to reflect and think about: your professional future depends on your skills in navigating through seas of ethics.

The accounting world of 21st century continues to be impacted by the US: imagine the latest Volcker Rule at 963 pages and 2826 footnotes! Even Luca Paciolli, who first wrote in 1494 on ethics of accounting (chess too) would be astounded. Yet the root cause like US subprime crisis is simple: too much greed in society. The Enron sunk Arthur Andersen (AA) (painful loss of 85,000 jobs) engendering burdensome SOX (Sarbanes-Oxley Act) but leaving battleground with KPMG, PWC, Deloitte and EY. Sun Tzu will have added to his Art of War: “Few at AA drowning so many”.

The crux of the issue for you as a strategy-oriented accountant: With your skills, can you make a difference to Enron-AA? That is the goal of this program: be initiated into ethical mindstream of a strategy-oriented accountant. The dilemma all CEOs of audit firms face --- and rarely articulated --- tension between opportunities (yang) vis-à-vis threats (yin).

Assuming the role of a strategy-oriented accountant such as a CFO or an Accounting CEO, you then embark on a life-long journey to enskill yourself in handling ethical dilemmas. Or if you realize that you are slipping into an entrapment, to seek a way out. Be thinking like Sun Tzu, shaping personal strategies for mastery of Winning through Ethics. In particular, of how you may develop your skills of handling very difficult yet challenging situations: securing the work (fees) yet stay out of being entangled in illegality.

Programme Outline

Day 1
 
09.00 - 10.30 Module 1
 
Sun Tzu Art of War: Winning through Ethics
 
Ethics has always being critical for winning even in fighting wars 2,500 years ago. Since the days of early human civilization, good had always triumphed over evil. Under Sun Tzu’s system of appraising leaders, the egomaniacs or rogue generals are castigated as the worst performers. The best generals (CEOs) are those who win quietly without the gory of bloody deaths through endless fighting. Metaphorically speaking, Sun Tzu emphasizes a deep ethical concern for the peasant-soldiers who had to die in battlefields. Sun Tzu manifested a strong ethical orientation in his Art of War for CEOs doing battles.
 
10.30 - 10.45 Tea-break
 
10.45 - 12.00 Module 2
 
Are Scandals, A Rising Trend? Why?
 
In-depth review of leading American cases leading to major overhaul of regulations:
dynamics, common pattern, root causes. What about Singapore? Interactive discussion: Is there a best strategy for accountants to cope with ethical dilemmas? Can you still reply on 1+1 “What figures do you want?” Identify the common scenarios in Singapore and Asia.
 
Through this session, accountants will be brought right up to date with the undercurrents on ethics and the accounting profession.
 
12.00 - 13.00 Lunch
 
13.00 - 15.00 Module 3
 
Opening Session I with Real World, Experiential Modeling: Individual Role
 
Assumption to Simulate Reflective Thinking
 
Training case and tools utilized by Professor Dr FOO Check Teck to elaborate how one is often entrapped in a ethical dilemma with no way out. Participants will experience through such immersive explorations through role adoption, to take cognitions of the parallel situations. The Session will open with a briefing on the historical context, background and the different positions and personalities involved.
 
15.00 - 15.15 Coffee-break
 
15.15 - 17.00 Module 4
 
Opening Session II with Real World, Experiential Modeling: Individual Role
 
Assumption to Simulate Reflective Thinking
 
In real world one is often constrained by holding an appointment when taking actions. There is also not just one’s career to consider but also status, family and other personal
circumstances.
 
Participants will be supplied with actual dialogues. The trainer, Prof CT FOO will act as a
facilitator in this role-playing exercise. The key question is: Can any individual involved in
the processes be acting to change the event? And thus alter the course of history? Or is the situation so circumscribed that the individual even if he or she returns back in time has no choice but to go along with the dynamics?
 
Day 2
 
09.00 - 10.30 Module 5
 
Ethical Dimensions of Strategy: Winning through Ethics
 
Building on the first lecture, Professor Dr CT FOO shall highlight the fundamental
psychological insights behind the work of Sun Tzu’s Art of War. This is drawn from his
Reminiscences of an Ancient Strategist: Mind of Sun Tzu (Winner of top Singapore book
prize).
 
In particular he highlights on how to turn a stratagem around to your ethical advantage.
Also he clarifies on legal dimensions in applying classical Chinese 36 stratagems: for
example, The Empty City Stratagem, Beauty Trap -- - why many top, older CEOs just cannot escape it -- - and Walk Away Stratagem. In fact with rising China, you need to master the art of stratagem turnaround to win. In Dr CT FOO’s opinion, the top ranking strategist in China is Lady Emperor Wu Zetian: her stratagems are so hidden yet most powerful for corporate politicking.
 
10.30 - 10.45 Tea-break
 
10.46 - 12.00 Module 6
 
A Review of Current Ethical Scenarios in Singapore
 
In this lively module, the idea is to explore ways how an Accountant should deal with a
given, current or better still, ongoing ethical scenario. In other words, to foster a change
through fostering the growth of the light over darkness. Or if caught in an entrapment, the best strategy for quietly slipping out: this may not be easy if it is your boss that is the
binding force! In many of these scenarios, participants will be asked, “How did it happen in the first place?” In other words what are some of the deeper psychological drivers behind a given ethical dilemma? In summary, Professor Dr CT Foo will present his schema of a net of entrapments to alert accountants to possible dangers. Nobody wants to be trapped inside ethical dilemmas but once in you should seek a way out.
 
12.00 - 13.00 Lunch
 
13.00 - 15.00 Module 7
 
Closing Session II with Real World, Experiential Modeling: How will you respond?
 
In this closing session, participants will respond on what they would have done. One of the most important lessons from the scandals that rocked the American confidence in their corporate governance is in the people involved: these are not persons with psychopathic disorders or having devilish minds. CEOs, CFOs and top managers are often very ordinary, often MBA trained professionals: many are driven by excessive greed but others may just be stuck deep in the mud. Thus it is even more alarming and necessary for measures to be taken to address these ethical dilemmas. The purpose of this role playing module is for participants to deepen their experiences about ethical dilemmas.
With that awareness participants may be conditioned to be alert to danger signals and act early to avoid being entrapped.
 
15.00 - 15.15 Coffee-break
 
15.16 - 17.00 Module 8
 
Using “Art of War” Strategy to Win through Ethics
 
In this final session, Dr FOO Check Teck will explore for you on how you may be utilizing the thinking embedded in the Art of War to develop strategies for winning through ethics.
Keeping on an ethical path requires practiced set of skills to be developed. Through this workshop you will be sensitized to be alert to situations that may entrap you. Thus you will be much more prepared to be able to evolve counter strategies for avoiding being trapped yet not losing out of a possible deal. The goal of the program is for you to “Win through Ethics”.
 

Intended For

An Intermediate to Advanced level programme intended for all Practising and Non-Practising Accountants, Auditors and Finance professionals. Professionals who like to learn the strategy of avoiding being snarled into ethical dilemmas are welcome to attend. There is no pre-requisite of financial and accounting knowledge and experience for this programme.

Competency Mapping

Category 2 = 14.00 Hours

Schedule & Fees

Date & Time

01 Dec 2020 (9:00 AM - 5:00 PM)
02 Dec 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 791.80
For Non-Members: $ 898.80

Programme Facilitator(s)

Foo Check Teck

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

27 Nov 2019 (9:00 AM - 5:00 PM)
28 Nov 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Foo Check Teck

Date & Time

22 Nov 2018 (9:00 AM - 5:00 PM)
23 Nov 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Foo Check Teck

Date & Time

29 Nov 2017 (9:00 AM - 5:00 PM)
30 Nov 2017 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Foo Check Teck

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Foo Check Teck
PhD (Strategy) University of St Andrews, MBA (Finance) (Award Winner) Cass Business School, City University of London, LLB (Hons) London Barrister Advocate and Solicitor, FCCA, FCMA, CA Singapore.

“Singapore’s Man of Renaissance” – The Straits Times


Foo Check Teck is globally renowned for his award winning research into the psychology of Sun Tzu and Art of War corporate strategy. His published works had made global impacts (BBC Global Finance interview; Consultant, US History TV Channel on Sun Tzu; CNA on US Subprime Crisis). 1998 NTU School of Accountancy to 2010: retiring as associate professor, systems engineering and management: Aerospace & Mechanical Engineering School. 2004-2011, Chair of Strategy, University of St Andrews, UK. He held many Visiting Professorships across Asia, Europe and America (including Distinguished Professor of Finance, City University of New York, ASEAN Office) and on Editorial Boards of international journals.

Prior to joining university to finish his PhD, he worked 12 years in MNC and government (Industrial Relations Advisor, Bank Manager – Legal & Personnel, Project Manager (German MNC), Assistant Director, Corporate Planning, National Productivity Board). He is much sought after as keynote speaker and is Chairman of Sun Tzu Institute. He founded (2007) as award winning Editor leading research journal of Chinese Management Studies (SSCI 2011) UK Emerald Publishers and founding organizer of highly successful Global Chinese Management Studies Conference.

For his diverse multi-disciplinary interests (including papers in engineering journals), Straits Times hailed him as Singapore’s Man of Renaissance.

As for coaching, he led in 1977 his first internal Caterpillar clinic on disciplinary handling skills. He negotiated for industry (banking) their major collective agreements and represented a hotel in Industrial Arbitration Court proceedings. At the national level, he implanted as a NPB Management Trainer, Japanese corporate strategic thinking for Singapore firms. Regionally, he was invited by ILO to coach Vietnamese government officials including judiciary on the art of mediation for settling disputes. APO appointed him to lead as Chief Expert for research on measuring productivity across Asian countries. Internationally he led in London, an Art of War en-skilling program for Ogilvy. He had week-long coaching session for professors on research. Besides he had led many, many professional workshops, seminars on negotiation, innovation, patents, joint ventures, finance, investment, productivity and business strategy.

 

Programme Objective

Social ethics is a rising, global trend. The goal is for you to become an ethically conscious human being and even more importantly, learn the strategy of avoiding being snarled into an ethical dilemma in your profession as an accountant. There are just one too many corporate stories and having worked so hard to be a qualified Singapore Chartered Accountant, it makes sense for you to protect yourself. The key is to know how to best ethically adapt to a given scenario that presents unique opportunities but may be laden with unseen threats. Or if you are drawn into a situation, the question is how do you get yourself safely out? These are matters that can be very complex and you need time to reflect and think about: your professional future depends on your skills in navigating through seas of ethics.

The accounting world of 21st century continues to be impacted by the US: imagine the latest Volcker Rule at 963 pages and 2826 footnotes! Even Luca Paciolli, who first wrote in 1494 on ethics of accounting (chess too) would be astounded. Yet the root cause like US subprime crisis is simple: too much greed in society. The Enron sunk Arthur Andersen (AA) (painful loss of 85,000 jobs) engendering burdensome SOX (Sarbanes-Oxley Act) but leaving battleground with KPMG, PWC, Deloitte and EY. Sun Tzu will have added to his Art of War: “Few at AA drowning so many”.

The crux of the issue for you as a strategy-oriented accountant: With your skills, can you make a difference to Enron-AA? That is the goal of this program: be initiated into ethical mindstream of a strategy-oriented accountant. The dilemma all CEOs of audit firms face --- and rarely articulated --- tension between opportunities (yang) vis-à-vis threats (yin).

Assuming the role of a strategy-oriented accountant such as a CFO or an Accounting CEO, you then embark on a life-long journey to enskill yourself in handling ethical dilemmas. Or if you realize that you are slipping into an entrapment, to seek a way out. Be thinking like Sun Tzu, shaping personal strategies for mastery of Winning through Ethics. In particular, of how you may develop your skills of handling very difficult yet challenging situations: securing the work (fees) yet stay out of being entangled in illegality.

Programme Outline

Day 1
 
09.00 - 10.30 Module 1
 
Sun Tzu Art of War: Winning through Ethics
 
Ethics has always being critical for winning even in fighting wars 2,500 years ago. Since the days of early human civilization, good had always triumphed over evil. Under Sun Tzu’s system of appraising leaders, the egomaniacs or rogue generals are castigated as the worst performers. The best generals (CEOs) are those who win quietly without the gory of bloody deaths through endless fighting. Metaphorically speaking, Sun Tzu emphasizes a deep ethical concern for the peasant-soldiers who had to die in battlefields. Sun Tzu manifested a strong ethical orientation in his Art of War for CEOs doing battles.
 
10.30 - 10.45 Tea-break
 
10.45 - 12.00 Module 2
 
Are Scandals, A Rising Trend? Why?
 
In-depth review of leading American cases leading to major overhaul of regulations:
dynamics, common pattern, root causes. What about Singapore? Interactive discussion: Is there a best strategy for accountants to cope with ethical dilemmas? Can you still reply on 1+1 “What figures do you want?” Identify the common scenarios in Singapore and Asia.
 
Through this session, accountants will be brought right up to date with the undercurrents on ethics and the accounting profession.
 
12.00 - 13.00 Lunch
 
13.00 - 15.00 Module 3
 
Opening Session I with Real World, Experiential Modeling: Individual Role
 
Assumption to Simulate Reflective Thinking
 
Training case and tools utilized by Professor Dr FOO Check Teck to elaborate how one is often entrapped in a ethical dilemma with no way out. Participants will experience through such immersive explorations through role adoption, to take cognitions of the parallel situations. The Session will open with a briefing on the historical context, background and the different positions and personalities involved.
 
15.00 - 15.15 Coffee-break
 
15.15 - 17.00 Module 4
 
Opening Session II with Real World, Experiential Modeling: Individual Role
 
Assumption to Simulate Reflective Thinking
 
In real world one is often constrained by holding an appointment when taking actions. There is also not just one’s career to consider but also status, family and other personal
circumstances.
 
Participants will be supplied with actual dialogues. The trainer, Prof CT FOO will act as a
facilitator in this role-playing exercise. The key question is: Can any individual involved in
the processes be acting to change the event? And thus alter the course of history? Or is the situation so circumscribed that the individual even if he or she returns back in time has no choice but to go along with the dynamics?
 
Day 2
 
09.00 - 10.30 Module 5
 
Ethical Dimensions of Strategy: Winning through Ethics
 
Building on the first lecture, Professor Dr CT FOO shall highlight the fundamental
psychological insights behind the work of Sun Tzu’s Art of War. This is drawn from his
Reminiscences of an Ancient Strategist: Mind of Sun Tzu (Winner of top Singapore book
prize).
 
In particular he highlights on how to turn a stratagem around to your ethical advantage.
Also he clarifies on legal dimensions in applying classical Chinese 36 stratagems: for
example, The Empty City Stratagem, Beauty Trap -- - why many top, older CEOs just cannot escape it -- - and Walk Away Stratagem. In fact with rising China, you need to master the art of stratagem turnaround to win. In Dr CT FOO’s opinion, the top ranking strategist in China is Lady Emperor Wu Zetian: her stratagems are so hidden yet most powerful for corporate politicking.
 
10.30 - 10.45 Tea-break
 
10.46 - 12.00 Module 6
 
A Review of Current Ethical Scenarios in Singapore
 
In this lively module, the idea is to explore ways how an Accountant should deal with a
given, current or better still, ongoing ethical scenario. In other words, to foster a change
through fostering the growth of the light over darkness. Or if caught in an entrapment, the best strategy for quietly slipping out: this may not be easy if it is your boss that is the
binding force! In many of these scenarios, participants will be asked, “How did it happen in the first place?” In other words what are some of the deeper psychological drivers behind a given ethical dilemma? In summary, Professor Dr CT Foo will present his schema of a net of entrapments to alert accountants to possible dangers. Nobody wants to be trapped inside ethical dilemmas but once in you should seek a way out.
 
12.00 - 13.00 Lunch
 
13.00 - 15.00 Module 7
 
Closing Session II with Real World, Experiential Modeling: How will you respond?
 
In this closing session, participants will respond on what they would have done. One of the most important lessons from the scandals that rocked the American confidence in their corporate governance is in the people involved: these are not persons with psychopathic disorders or having devilish minds. CEOs, CFOs and top managers are often very ordinary, often MBA trained professionals: many are driven by excessive greed but others may just be stuck deep in the mud. Thus it is even more alarming and necessary for measures to be taken to address these ethical dilemmas. The purpose of this role playing module is for participants to deepen their experiences about ethical dilemmas.
With that awareness participants may be conditioned to be alert to danger signals and act early to avoid being entrapped.
 
15.00 - 15.15 Coffee-break
 
15.16 - 17.00 Module 8
 
Using “Art of War” Strategy to Win through Ethics
 
In this final session, Dr FOO Check Teck will explore for you on how you may be utilizing the thinking embedded in the Art of War to develop strategies for winning through ethics.
Keeping on an ethical path requires practiced set of skills to be developed. Through this workshop you will be sensitized to be alert to situations that may entrap you. Thus you will be much more prepared to be able to evolve counter strategies for avoiding being trapped yet not losing out of a possible deal. The goal of the program is for you to “Win through Ethics”.
 

Intended For

An Intermediate to Advanced level programme intended for all Practising and Non-Practising Accountants, Auditors and Finance professionals. Professionals who like to learn the strategy of avoiding being snarled into ethical dilemmas are welcome to attend. There is no pre-requisite of financial and accounting knowledge and experience for this programme.

Competency Mapping

Category 2 = 14.00 Hours

Programme Facilitator(s)

Foo Check Teck
PhD (Strategy) University of St Andrews, MBA (Finance) (Award Winner) Cass Business School, City University of London, LLB (Hons) London Barrister Advocate and Solicitor, FCCA, FCMA, CA Singapore.

“Singapore’s Man of Renaissance” – The Straits Times


Foo Check Teck is globally renowned for his award winning research into the psychology of Sun Tzu and Art of War corporate strategy. His published works had made global impacts (BBC Global Finance interview; Consultant, US History TV Channel on Sun Tzu; CNA on US Subprime Crisis). 1998 NTU School of Accountancy to 2010: retiring as associate professor, systems engineering and management: Aerospace & Mechanical Engineering School. 2004-2011, Chair of Strategy, University of St Andrews, UK. He held many Visiting Professorships across Asia, Europe and America (including Distinguished Professor of Finance, City University of New York, ASEAN Office) and on Editorial Boards of international journals.

Prior to joining university to finish his PhD, he worked 12 years in MNC and government (Industrial Relations Advisor, Bank Manager – Legal & Personnel, Project Manager (German MNC), Assistant Director, Corporate Planning, National Productivity Board). He is much sought after as keynote speaker and is Chairman of Sun Tzu Institute. He founded (2007) as award winning Editor leading research journal of Chinese Management Studies (SSCI 2011) UK Emerald Publishers and founding organizer of highly successful Global Chinese Management Studies Conference.

For his diverse multi-disciplinary interests (including papers in engineering journals), Straits Times hailed him as Singapore’s Man of Renaissance.

As for coaching, he led in 1977 his first internal Caterpillar clinic on disciplinary handling skills. He negotiated for industry (banking) their major collective agreements and represented a hotel in Industrial Arbitration Court proceedings. At the national level, he implanted as a NPB Management Trainer, Japanese corporate strategic thinking for Singapore firms. Regionally, he was invited by ILO to coach Vietnamese government officials including judiciary on the art of mediation for settling disputes. APO appointed him to lead as Chief Expert for research on measuring productivity across Asian countries. Internationally he led in London, an Art of War en-skilling program for Ogilvy. He had week-long coaching session for professors on research. Besides he had led many, many professional workshops, seminars on negotiation, innovation, patents, joint ventures, finance, investment, productivity and business strategy.

 

Upcoming Schedule

Date & Time

01 Dec 2020 (9:00 AM - 5:00 PM)
02 Dec 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 791.80
For Non-Members: $ 898.80

Programme Facilitator(s)

Foo Check Teck

Venue

60 Cecil Street
ISCA House
Singapore 049709