UPCOMING EVENTS CIMA supports the Asia eDiscovery Exchange 2012 The 6th Asia eDiscovery Exchange brings together legal professionals, information security experts and digital investigation pioneers around the region to discuss best practices in eDiscovery, information governance and digital forensics. Date: Time: Venue: Fee: Organisers: Registration: Enquiries:
Wednesday 6 and Thursday 7 June 2012 9.00am - 5.00pm The Excelsior Hong Kong HK$2,800 (CIMA member HK$2,000) Innoxcell Please register online here. 2815 8127 or email to Eunice.mak@innoxcell.net
CIMA supports the IBM Finance Forum 2012: Smarter Analytics, Smarter Outcomes Skittishness, tenuous demand and sporadic growth are driving many finance executives to focus on profitable growth while addressing regulation and risk more effectively. 70% of CFOs are taking more prominent roles in decision making, according to the latest IBM Global CFO Study. But their views may often fall short on granular detail and timeliness, hampered by static and very often rigid processes. The answer lies in automation and transformation of key financial processes. IBM Finance Forum 2012 discusses the evolving position of the office of finance and increasing role of analytics. Gain new perspectives and unearth hidden truths from leading industry experts, including our guest speakers from a leading international luxury brand and one of the world's largest banking organizations. Date: Time: Venue: Fee: CPD: Organiser: Registration: Enquiries:
Friday 8 June 2012 1.45pm – 5.00pm Ballroom, JW Marriott Hotel, 88 Queensway, Central, Hong Kong Gratis One and half hours IBM Please register online here Please visit the event website, call 9642-7347 or email to ibmhk@gpjevent.com
jasmine.qiu@cimaglobal.com
CIMA HONG KONG
CIMA Hong Kong Newsletter April / May 2012
APRIL / MAY 2012
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UPCOMING EVENTS
training@ird.gov.hk
Joint CIMA and CMA Canada monthly networking lunch This networking lunch is open to all members and students of CIMA and CMA Canada. It's a chance to catch up with old friends and meet new ones, so help us make this event enjoyable and bring your friends along too! Date: Time: Venue: Fee: Registration:
Wednesday 13 June 2012 1.00 – 2.00pm 12/F The Chinese Club, 21 - 22 Connaught Road Central, Hong Kong Chinese lunch at HKD120 per person. Please settle your own bill. A table is reserved under Mr Yau Yin Kwan, Joseph of CMA Canada.
If you are interested in joining us, please email hongkong@cimaglobal.com.
CIMA visits the new LegCo Complex Together with Paul MP Chan, Legislative Councillor for Accountancy, we will be organising a guided tour of the new LegCo Complex. Paul will walk you through the new Council Chamber, and other facilities, such as the new conference rooms, the viewing gallery and memory lanes. Date: Time: Venue: Language: CPD: Fee: Registration: Enquires: 2
Sunday 17 June 2012 10.30am - noon New LegCo Complex, 1 Legislative Council Road, Central (Meet at the new LegCo Complex Public Entrance 1 which is at the side of the complex facing Victoria Harbour) Cantonese with some English One and half hours Gratis Please register online here. Early booking is strongly advised as places are limited to 45 CIMA members and will be allocated on a first come, first served basis Please email to Joanna.cheung@cimaglobal.com
CIMA Hong Kong Newsletter April / May 2012
UPCOMING EVENTS CIMA supports MBS Business Summit 2012 - World Economy Outlook: What’s Next? The European financial crisis not only impacted the western economies over the past year but it has also deeply affected the confidence of global markets. In view of this timely economic issue, the MBS Business Summit-cum-luncheon aims to provide insights on the current and medium term outlook for the world economy, risks and potential opportunities for investors and the trend of emerging Asian economies. Date: Time: Venue: Fee: Organiser: Registration: Enquires:
Thursday 12 July 2012 9.00am - 2.00pm Meeting Room S421, Hong Kong Convention and Exhibition Centre HK$2,300 (CIMA member HK$1,800) Manchester Business School Alumni Association (China) Please register online here Please email fionang@chamber.org.hk or call Ms Fiona Ng at 2823 1230.
NEWS Sustainable business: Shared value in practice The idea of enhancing business competitiveness, yet at the same time advancing the economic and social conditions in the communities in which the business operates, is the basis of the concept of shared value. This concept was first explored by Michael Porter and Mark Kramer. To illustrate the shared value benefits of adopting a more business sustainable focus in company strategy, we have looked at five major organisations in more detail to see what they are doing in this arena and importantly how both they and society in general are benefitting from adopting shared value principles. The companies that we looked at were General Electric, Nestl?, IBM, Unilever, Johnson & Johnson.
Professionalism, ethics and conduct CIMA is committed to upholding the highest ethical and professional standards, and to maintaining public confidence in management accounting. All members and students are required to comply with the CIMA code of ethics and to adopt the fundamental principles to their working lives. CIMA has just produced a three minutes animation which explains the code and what you need to do when facing an ethical dilemma.
CIMA President visit to Centennial College Earlier this month we are very delighted to have visited Centennial College, a new and independent member of the University of Hong Kong while CIMA President Mr Harold Baird is in town. In there we had a fruitful and enjoyable meeting with the college staff lead by Professor Joseph Yau who is a CIMA member and also greater supporter to the institute. Upon meeting adjourns the college team was sincere to take us a round trip of their new campus. CIMA Hong Kong would like to take this opportunity to wish Centennial College every best in their first intake of the Bachelor of Professional Accounting (Honours) programme commencing in September.
CIMA Hong Kong Newsletter April / May 2012
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NEWS CIMA 2012 Global Business Challenge – Hong Kong final The CIMA Global Business Challenge competition began in February 2012 and it has attracted participations from more than 170 teams from all universities in Hong Kong. The Hong Kong final will be held on 2 June 2012 at HKU SPACE Admiralty Centre and the winning team of the Hong Kong final will join the global final in Sri Lanka in July who will compete against winning teams from 21 other regions. The five Hong Kong finalist teams are: • Companic - The Hong Kong Polytechnic University • Essenza - The Hong Kong University of Science and Technology • Midas - The University of Hong Kong • Sjc - The University of Hong Kong • Versa Vice - The Chinese University of Hong Kong We would like to thank some members who have devoted a lot of their time to be the assessors for this round of the competition: Ms Rachel Cheung Mr Jasper Chung Mr Ken Fan Mr Henry Ha Ms Dorina Liu Dr Artie Ng Mr Samuel Ng Mr Tommy Wo Mr Vincent Yao Ms Ren Yi
HOT JOBS FOR THE MONTH Financial Controller Hanson Metal Factory Detail: - Qualified CIMA member - 10+ years of A&F experience from manufacturing & retailing or similar industries - experience in warehouse, manufacturing, finance operations, strategic planning, tax and regulations - experience in setting up reporting and processing mechanisms for offices & manufacturing sites - Familiar with PRC custom ,ERP systems - station in PRC (Monday - Friday) Salary : HKD60K+ / month (neg.) Applications should be sent to: hanson_lam@hanson.com.hk
STUDENT SERVICES 2011 syllabus for CIMA certificate in business accounting from 1 July 2012 Assessments based on the CIMA certificate in business accounting 2006 syllabus will be available only until 30 June 2012. After this date, all certificate assessments will be based on the 2011 syllabus. Candidates who pass any certificate assessments under the 2006 syllabus (or are awarded exemptions) before 1 July 2012, will be given credits for the equivalent subjects within the 2011 syllabus. For more details, please go to this link
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CIMA Hong Kong Newsletter April / May 2012
STUDENT SERVICES Certificate sample question papers and answers Sample question paper and answers for each of the 2011 Certificate subjects are now available - you can find links to them from the webpage here. Please note that C03 will be available shortly. All Certificate students should be advised that question practice is essential and encouraged to attempt these sample papers before their assessment. They are also available from the Study Resources area for each subject.
Professional qualification student guides A student guide for each of the Professional qualification subjects is now available. These will be a useful starting point for students studying a new subject and also of benefit to re-sit students. You can access links to all of the guides from here or you can find subject specific guides from their Study Resources area on cimaglobal.com
Professional Experience Record (PER) Workshop Have you completed all your CIMA examinations but yet to submit your membership application? Do you know that you can submit your Professional Experience Record (PER) as soon as you finish all of your strategic level exams? Do you want some tips for writing up your PER? CIMA Hong Kong is going to organise a PER workshop on 10 July 2012. The workshop will be hosted by Mr. Samuel Li, ACMA, CGMA, Study Support and Learning Specialist. Date: Time: Venue: Language: Registration: Enquiries:
Tuesday 10 July 2012 7.00 – 8.30pm CIMA Hong Kong Office, 2005, 20/F Tower One, Times Square, Causeway Bay Cantonese Please email your name and Contact ID to Joanna.cheung@cimaglobal.com 3741 1957
PAST EVENTS CPD networking seminar – Guardian Role of Professionals in Upholding Ethical Governance On 19 April CIMA members were invited by the ICAC to attend a seminar at the ICAC building located in North Point. The speaker of the night, Ms Florence Au was able to analyse the problem of corruption from a legal perspective and share with members some practical tips in tackling ethical dilemmas facing accounting professionals. During the presentation there was an interactive video case which all participants enjoyed thoroughly. Prior to the seminar a cocktail reception was held at the ICAC Exhibition Hall. The exhibition hall is not usually open to the public so it was a rare chance for members to have a look at displays of major cases since the ICAC's inception and learn more about the anti-corruption history of Hong Kong. We were also very happy to see some CPA Australia and CMA Canada members able to participate the well attended night of over 120 participants. I’m sure we will have other networking events in the near future. CIMA Hong Kong Newsletter April / May 2012
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PAST EVENTS CIMA Annual Dinner CIMA Hong Kong Branch hosted its annual dinner on Monday 14 May 2012 in the elegant setting of the Hong Kong Bankers Club. To mark this special occasion, we were honoured to have the CIMA President, Mr Harold Baird to be with us. The event commenced with the welcome speeches by Mr Richard Kenworthy, Chairman of the CIMA Hong Kong Branch and Dr. P M Kam, Chief Executive Officer of the Financial Reporting Council (who was also a CIMA past divisional president). The night was full of awards and games, to round off the evening there was a lucky draw with the grand prize of an apple iPad2. To see more photos of the event please click here.
Other past events and engagements Staff conducted a career talk at HKU SPACE Community College
12 April 2012
An North Asia Regional Board meeting was held in Hong Kong
16 April 2012
Staff attended the HKCC/SPEED Joint Alumni Reunion Dinner
20 April 2012
Staff attended the SAP HR seminar
24 April 2012
Staff conducted a career talk at CU SCS
25 April 2012
Staff conducted a career talk at HKIVE
3 May 2012
Staff conducted a GBC briefing session to the finalists at CIMA HK Office
4 May 2012
Staff conducted a career talk at CU SCS
5 May 2012
A Hong Kong Branch committee meeting was held
8 May 2012
Staff conducted a career talk at CU SCS
12 May 2012
Staff attended the Corporate Treasurer Launch
16 May 2012
Mr. Richard Kenworthy, Chairman of the HK Branch attended the luncheon organised by CPA Australia
23 May 2012
CONTACT US CIMA Hong Kong Office Suites 2005 Tower One Times Square 1 Matheson Street Causeway Bay Hong Kong T. +852 2511 2003 F. +852 2507 4701 E. hongkong@cimaglobal.com www.cimahongkong.com Opening hours 9.30am-5.30pm (Monday-Wednesday, Friday) 9.30am-7.00pm (Thursday)
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CIMA Hong Kong Newsletter April / May 2012