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Real Business : Issue 2 2009
BRUCE ROHDE CENTRE FOR ADULT EDUCATION, AUSTRALIA MANAGEMENT ACCOUNTANT T he Centre for Adult Education (CAE) is partially government funded and partially funded through course fees. It is neither a charity nor a commercial entity but was established by the Adult Community and Further Education Act to facilitate and encourage adult education. It has been affected by the shift in spending but not in the way other not-for-profi ts have been. Demand for its courses has held up strongly but shifted into more vocational and retraining programs. “Having said that, there is no real clear trend,” Bruce Rohde says. “Some things drop and pick up and it has been very diffi cult to predict.” CAE has recently undergone restructuring to enhance its ability to be fl exible, says Bruce. In particular, it has reorganised itself “around the learner” into four areas: learning for learning, learning for earning, learning for business, and learning for living. Bruce joined CAE two years ago, following a seven-year career in the wholesale liquor and wine industry. Currently a CPA Passport student, Bruce is undertaking a Master of Accounting through Swinburne University. At completion, he will enrol in CPA Program. “One of the most rewarding and motivating aspects of being part of CAE is working for an organisation that is actively engaging with a diverse range of learners with equally diverse motivations and ambitions to achieve outcomes. This applies to my motivation to complete CPA Program and achieve my goals and ambitions. “I’m looking to be part of an organisation that works across industries and with people from a range of backgrounds. Networking broadly provides enormous advantage in terms of transferring ideas and ways of thinking,” he says. “Achieving my CPA will be a real milestone in terms of recognising my own capabilities. My ultimate ambition is to be a CFO, combining my accounting capabilities with my management training. In my opinion, understanding fi nancial management is paramount to making a business work, even in the not-for-profi t sector.” To read about these organisations, visit Centre for Adult Education www.cae.edu.au, Cancer Council Victoria www.cancervic.org.au or UNESCO www.unesco.org SUE MADDEN CPA, CANCER COUNCIL VICTORIA, AUSTRALIA, FINANCE MANAGER C ancer Council Victoria’s income faced a double whammy earlier this year. Already expecting donations to fall due to the global fi nancial crisis, their contributions were affected further by unexpected bushfi res in the state. The organisation is planning for a 15 per cent cut in program activity, according to Sue Madden. “We’re below budget on income,” she says. “Not to the extent that we forecast but I don’t want to think we are actually through the worst of it.” Cancer Council Victoria is making cutbacks with caution. “We don’t want to make dramatic, knee-jerk decisions. We’re cutting by attrition. Where people are leaving, we perhaps won’t replace them. And we are postponing projects.” 22 20-22_NotForProfitv4_RB907.indd 22 20-22_NotForProfitv4_RB907.indd 22 OK WITH CORRECTIONS DESIGN EDITORIAL PUBLISHER CLIENT By signing your initials in the space provided you are either approving this layout or authorising the listed changes. CORRECTIONS TO MAKE DATE OK DESIGN EDITORIAL PUBLISHER CLIENT ADVERTISING Despite its not-for-profi t status, Cancer Council Victoria’s accounting processes are the same as a fully commercial entity, meeting international accounting standards and undertaking both external and internal audits. This ensures top levels of governance and transparency. Sue is aided in this by a commercial background, having come from oil major Shell where she worked in the fi nance department for 14 years. The decision to make the move into the not-for-profi t sector was driven by her desire for a change of lifestyle after a decade of long work days and frequent travel. It meant taking a pay cut but this, too, was a conscious choice, to give something back to the community after her successful commercial career. She has found it fundamentally different to working in the commercial sector, however. Cancer Council Victoria has many hugely talented medical researchers and technicians but the fi nancial literacy is generally lower. For Sue, the networking resources provided by CPA Australia are a great substitute for the support levels she found at Shell. Sue adds that there is a depth of knowledge available through the CPA Australia website, access to accounting standards and the code of conduct and corporate governance. “Because our organisation is funded through donation, it’s important we have the highest levels of transparency and governance. CPA Australia helps me with that.” Real Business ISSUE 2, 2009 9/07/2009 5:33:15 PM 9/07/2009 5:33:15 PM
Issue 1 2009
Issue 1 2010