CIMA Hong Kong June 2011 newsletter

HONG KONG

UPCOMING EVENTS CIMA speaks at Greater China Talent Management Summit 2011 Sponsored by CIMA Hong Kong division, A-Performers is organising the captioned summit in Shangri-La hotel on 8 July 2011. Dr. Aidan Goddard FCMA, council member of CIMA Hong Kong and also CFO APAC of L’Occitane en Provence will present a topic on ‘Managing and developing talent through change’ to over 300 audience. Other keynote speakers of the day include Hon Paul Chan from the legislative council, Mrs. Ip Lau Suk Yee from New People’s Party, Ms Olivia Huo, Head of Human Resources from Bank of China (HK) etc.

Date: Time: Venue: Fee: Registration:

Friday 8 July 2011 8.50am – 5.00pm, The Grand Ballroom, 64 Mody Road, Tsim Sha Tsui East, Kowloon, Hong Kong HK$1,200 per person please visit http://www.a-performersconference.com/register.jsp to register online

Joint CIMA and CMA Canada monthly networking lunch The next casual networking lunch is open to all members and students of CIMA and CMA Canada. This is a good 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 July 2011 1.00-2.00pm 12/F The Chinese Club, 21 to 22 Connaught Road Central, Hong Kong Chinese lunch at HK$120 per person. Please settle your own bill.

A table is reserved under Mr Yau Yin Kwan, Joseph ( ) of CMA Canada. If you are interested to join us, please email yannie.lau@cimaglobal.com

CIMA Masters Gateway Assessment (CMGA) information seminar Since the launching of an accelerated route for MBA holders (CMGA), ACCA affiliates and members (CGA) last year we have received very active take-up as the above mentioned candidates can join CIMA by completing a total of only five papers. Coming to the third intake of the gateway examination in Hong Kong we have now arranged another seminar to explain further this fast track progression, should you have friends or colleagues who are interested to become CIMA member through this fast track route please invite them to the above session.

Date: Time: Venue: Fee: Registration:

Tuesday 19 July 2011 7.00-8.30pm Room 607, United Centre, 95 Queensway, Hong Kong (exit D, Admiralty MTR station) Gratis www.hkcima.com or please email contact details to scott.lee@cimaglobal.com

CIMA HONG KONG

CIMA Hong Kong Newsletter June 2011

JUNE 2011

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UPCOMING EVENTS President’s reception You are cordially invited to the CIMA President’s reception and welcome our new president to the region. Harold Baird FCMA was elected as the CIMA President at the June AGM and Hong Kong will be one of his first official visits as the leader of CIMA. Date: Time:

Venue:

Fee: Registration:

Wednesday 20 July 2011 6.30pm cocktail reception 7.15pm welcome speech 7.45pm lucky draw British Consulate General 1 Supreme Court Road, Admiralty, Hong Kong Gratis Please visit http://www.cimaglobal.com/en-gb/Events-and-cpd-courses/Events/Global-president-Hong-Kong-reception- July-2011/ to register online before 11 July 2011. Early booking is strongly advised as places will be allocated on a first come, first served basis. Applications with personal details (full name, CIMA contact ID, email and telephone no., job title and company) missing will not be accepted.

Joint seminar - Building world-class businesses to last the next GFC From all quarters, critics blame short-term thinking by both companies and their investors as a key fault behind the global financial crisis. It seems, from the current discourse, that businesses need only shift to a longer-term outlook and act in a socially responsible manner for all their and the world’s problems to be solved.

• But is it so easy?

• What does a long-term approach look like in practice?

• What challenges face companies that want to lengthen their horizons and create sustainable enterprises?

• What tools can help manage the link between the short and long term?

Date: Time:

Venue:

Speaker: CPD: Fee: Registration:

Thursday 21 July 2011 6.30pm cocktail reception 7.15pm seminar HKU SPACE Learning Centre, ADC303, 3/F, Admiralty Centre, 18 Harcourt Road, Hong Kong (Exit A, Admiralty MTR Station) Mr. Ray Perry, Executive Director CIMA 1 hour Gratis Please visit http://www.cimaglobal.com/en-gb/Events-and-cpd-courses/Events/MBA-professional-joint-seminar

building-world-class-businesses-to-last-the-next-GFC/ to register online before 12 July 2011. Early booking is strongly advised as places will be allocated on a first come, first served basis. Applications with personal details (full name, CIMA contact ID, email and telephone no, job title and company) missing will not be accepted.

NEWS Council members speak about ethics globally CIMA is committed to upholding the highest ethical and professional standards, and to maintaining public confidence in management accounting. CIMA 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 revised and reissued the code for CIMA members and students in line with revisions to the IFAC code issued by the International Ethics Standards Board of Accountants.

Please visit http://www.cimaglobal.com/Professional-ethics/ to view the recently uploaded film, on the Ethics homepage, where three members speak about the application of CIMA’s code of ethics globally.

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CIMA Hong Kong Newsletter June 2011

NEWS CIMA member on the move...

Albert Law FCMA was appointed CFO of South China (China) the Hong Kong-based investment holding company engaged in the trading and manufacturing of toys and leather products, property investment and development and agriculture and woods. Before joining South China (China) Albert operated his own consulting firm for over four years, and was with K. Wah Construction Materials Ltd as Financial Controller for about 9 years. He is a fellow member of CIMA and was the institute’s divisional president in 2006.

Please e-mail us your new details at hongkong@cimaglobal.com if you are also on the move.

CIMA report on developments in the global accountancy sector This report highlights the significant factors influencing both the growth of the accountancy sector and also the demand for the skills of the management accountant within the professional practice firms.

These factors include developments in corporate reporting such as integrated reporting and the re-emergence of consulting and advisory services which are expected to contribute to growth in this sector and threats of increased competition from emerging markets and concerns over the level of market concentration.

To view the report on-line please click here

STUDENT SERVICES Induction seminar To facilitate all newcomers we will be holding an induction seminar for you to familiarise yourself more with CIMA, the details are as below: By the end of the induction seminar we hope that you will know more about: • the administrative procedures and important dates • the examination structure and regulations • the ideal study pathway • the study resources available • support services from Hong Kong and UK. Session 1 – English Date: Monday 8 August 2011 Time: 6.30-8.00pm Venue: CIMA Office, Suite 2005, 20th Floor, Tower One, Times Square Session 2 – Cantonese Date: Monday 15 August 2011 Time: 6.30-8.00pm Venue: CIMA Office, Suite 2005, 20th Floor, Tower One, Times Square Registration: Please download the application form here

CIMA Hong Kong Newsletter June 2011

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HONG KONG PAST EVENTS Preparatory courses launching in September To support students in November examination preparatory courses for paper E1, E2, E3, F3, P3 and T4 will commence on mid September.

Details will be sent out soon.

Annual Dinner – 24 May 2011 For all those that attending this year’s annual dinner you can download your photos at http://www.cimaglobal.com/Our-locations/ HongKong/HongKongPhotos/

CIMA Global Business Challenge Hong Kong final – 11 June 2011 The CIMA Global Business Challenge Hong Kong final was held successfully on 11 June. It was a fruitful and enjoyable day with five shortlisted teams presenting in front of a judging panel which includes representatives from Barclays Capital, Glorious Sun Enterprises, PolyU SPEED, followed by a networking luncheon as well as the award presentations. After an intense competition from over 140 teams, the Hong Kong final yielded the following results: Champion:

Dreams - The University of Hong Kong

1st runner up:

Bravo - The Hong Kong Polytechnic University

2nd runner up:

Sagacity - The Chinese University of Hong Kong

3rd runner up:

Globeweavers - The Chinese University of Hong Kong

Arrow - The University of Hong Kong

Best business report:

Dreams – The University of Hong Kong

Best presentation material: Dreams – The University of Hong Kong Best future business leader: Mr Xin Jianwei from Dreams, The University of Hong Kong 'Coming into the third year of running it CIMA GBC has become a highly recognised competition with over 10,000 students from 17 regions participating.' says Damian Yip, divisional director of CIMA Hong Kong. 'CIMA GBC has well achieved its aim and objective in searching for future business leader, and we anticipate these young talents to shine in their society and even the global platform in near future. This cannot be done without the support of our assessors, sponsors and judges. May I take this opportunity to thank you members who took up the assessor role in the first round competition, and also the internship sponsors and supporting organisations. We shall count on your continuous support in the coming year.'

Dreams, winning team from Hong Kong, will represent Hong Kong and compete against winning teams from 16 other regions in ChengDu on 23 and 24 July. These include teams from Australia, Bangladesh, China, India, Ireland, Malaysia, the Middle East, Pakistan, the Philippines, Russia, Vietnam, Indonesia, Singapore, South Africa, Sri Lanka and the UK. To find more about the GBC competition, you can join our facebook page http://www.facebook.com/cimaggbc .

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CIMA Hong Kong Newsletter June 2011

CIMA World Conference 2011 24 - 25 October 2011 | Cape Town SA

Business in tomorrow’s world - a sustainable future The CIMA World Conference is the premier global event for professional accountants in business, bringing together over 600 international delegates. It will demonstrate best business practices and address global humanitarian concerns through sustainable social responsibility.

Why should you attend?

• Join world-class business leaders to gain exclusive insight into top-line thinking on the future of finance.

• Find out how world-class organisations are leading the way in the aftermath of the global recession.

• Learn how sustainability has become a business imperative led by management accountants across the globe.

• Opportunity to network with global finance leaders.

• If you are a CIMA member the CIMA World Conference can form part of your annual CPD plan.

How will this conference benefit your company?

In reviewing financial trends in a borderless world, you will be given the tools to interpret the Code of Corporate Governance with the view to global reporting; and bring back information that can be put to use in developing sustainable strategies for your company.

This event will give attendees a fresh outlook on increasing performance without increasing resources and offer real tools for raising the long-term profitability of your companies.

Secure your place today and benefit from special booking rate for CIMA members and students.

Contact us for more information T. +27 (0) 11 788 8723 | E. wc2011@cimaglobal.com To find out more about the conference or to book your place visit www.cimaglobal.com/worldconference

official partners

www.cimaglobal.com/worldconference www.cimaglobal.com/worldconference

CIMA Hong Kong Newsletter June 2011

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HONG KONG PAST EVENTS AGM – 21 June 2011 At the CIMA 27th Annual General Meeting Mr Richard Kenworthy and Dr Li Wing Sun were elected as the Chairman and Vice Chairman of the CIMA Hong Kong Division for the term 2011-2012 respectively. This marks a change in the nomenclatures for CIMA as the CIMA Council approved that all the office holders of boards/divisions in future are named Chairman and Vice Chairman. Hence may we congratulate Richard and WS for being the first to hold these titles.

Mr Paul Chan our now divisional immediate past president made a special thanks to Gordon To, Hudson TSUI, Paul YEUNG and Leo Cheung who were retiring from the divisional council, for their contributions to CIMA Hong Kong. Other issued carried in the AGM include the passing of the annual report and account (which can be downloaded from here.)

Other past events and engagements Staff conducted a talk at CUSCS

1 June 2011

Staff conducted a CMGA talk

2 June 2011

Staff conducted a talk at CUSCS

14 June 2011

Staff attended Moody's analytics conference - transforming strategic risk solutions into risk management best practice

21 June 2011

Staff conducted a CMGA talk

22 June 2011

Staff attended the Association of Christian Accountants dinner party

23 June 2011

Mr Richard Kenworthy, Chairman of CIMA Hong Kong Division, attended the CMABC, Canada - Hong Kong Branch Annual Dinner

24 June 2011

CONTACT US CIMA Hong Kong Division 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 June 2011