RMIT develops a new game that earns you a micro-credential

December 12, 2018 Editor Uploads 0

RMIT’S School of Accounting has teamed up with industry and the accounting profession to build a “serious game” where users will earn a micro-credential upon completion. The game was developed in response to the revised and restructured International Code of Ethics for Professional Accountants, released by the International Ethics Standards Board for Accountants (IESBA) in April 2018.

The Code will be effective from 15 June 2019, with accountants globally required to comply with it after this date.

The innovative serious game is a uniquely designed digital simulation, intended for players at any stage of their professional career.

Headwinds blowing fiercely for the banking industry

November 15, 2018 Editor Uploads 0

Australia’s four major banks have released results showing returns remain under pressure for the foreseeable future as a result of remediation-related cost increases and slower income growth, with headline cash earnings dropping 5.5 per cent year-on-year to $29.5 billion after the record $31.2 billion delivered in 2017.

PwC’s 2018 Major Banks Analysis found return on equity has fallen to 12.5 percent, the lowest since the GFC, as significant customer remediation and regulatory, compliance and restructuring costs materialised. This is despite bad debt expenses hitting record lows, some momentum in business credit growth, and efforts to improve productivity.

PwC Australia’s Banking and Capital Markets Leader, Colin Heath says the full year results show the impact of ongoing economic, competitive and conduct challenges, especially the impact of ongoing regulatory reform.