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CIMA Wishes You a Happy New Year! -Momentum eISSUE 26 SEPTEMBER - DECEMBER 2011 CIMA wishes you a Happy New Year! ........................................................... ........................................................... CIMA’s top scorers rewarded during graduation ceremony but I would say that being focused and resourceful was crucial together with hard work and determination to succeed. The work experience and the support and encouragement from my bosses and family were also instrumental in my success.’ Another top scorer, Mr Teh Jee Hian, aged 17, obtained the highest marks for the Performance Operations exam paper. To him, the most challenging part of the Jubilant new CIMA members and prize winners at the beautiful lake in Taylor’s University Lakeside campus. exam paper was to understand the 16 top scorers of the CIMA professional exams were rewarded during a formulae and theories instead of memorising them and he believed that the recent graduation ceremony held for its new members. CIMA’s Prize winners Mr Teh Jee Hian graduation ceremony held at the Talyor’s University Lakeside Campus and Ms Kavitha Ganapathy secret to his achievement was sufficient showing off their rewards for practice and revision before the exam. in Petaling Jaya was well attended by 400 guests. These included new being top scorers. members from Malaysia, Singapore and Indonesia, top scorers and students who have completed their CIMA exams together with their Ms Kavitha Ganapathy won two prizes for being the top scorer in the families and friends. Financial Operations and Financial Management papers. She attributes her top score to at least six hours of study a day and practice with Ms Vanitha Parasingam, currently a past year questions. Risk Manager, was thrilled to be CIMA’s overall top achiever. She was The sponsors of the graduation ceremony were Sunway University, placed 16th in the world for the Taylor’s University, Universiti Utara Malaysia, Universiti Sains Malaysia, Performance Strategy exam paper. Tunku Abdul Rahman College and Crescendo International College. The Being a part time student and doing supporting partner was KPMG. Top achiever, Ms Vanitha Parasingam (centre), receiving her trophy from Mr self study certainly posed a Francis Chan, Divisional President of CIMA Malaysia (left). Looking on is Ms Irene challenge to her. However she said, Teng (right), Regional Director of CIMA ‘There is no secret for why I did well South East Asia and Australasia. Annual subscription due Maintaining your membership with CIMA denotes your ............................................................................................ professionalism, expertise and competence to employers. It shows you're fully committed to understanding the needs of Watch out for the launch of business and a commitment to CIMA's code of ethics. Your annual subscription is due by 1 January 2012 and payment the CGMA designation can be made online at www.cimaglobal.com/renewal or by cheque or banker’s draft (in £) made payable to CIMA. Only Come 31 January 2012, the CIMA-American Institute of Certified cheques drawn on a UK bank or building society or bank drafts Public Accountants (AICPA) joint venture will launch the Chartered drawn on a UK bank are acceptable. A confirmation of payment Global Management Accountant (CGMA) designation in three can be printed online as receipts will not be issued. continents namely America (New York), Europe (London) and Asia (Kuala Lumpur). Preparations are currently underway to ensure the CIMA Malaysia offers a courier service to UK every Friday so you success of the launch. may send your Bank Draft to us. This joint venture will cover 550,000 members and students The subscription fees for 2012 are: worldwide and combine the strength of the AICPA in North America ACMA - £230 Students who have completed T4 part b - £216 with CIMA’s presence in Europe, the Middle East, Africa and Asia. FCMA - £241 Students who have not completed T4 part b - £97 CIMA Singapore CIMA and Accenture drive sustainability performance CIMA and Singapore Polytechnic in synergistic partnership management Thanks to a Memorandum of Understanding (MoU) signed between A new report providing Singapore Polytechnic and CIMA on 5 October, students pursuing the sustainability recommendations Diploma in Accountancy could become full-fledged chartered for senior finance professionals management accountants three years after graduation. The MoU was was launched on 5 October at signed by Mr Andrew Harding, Managing Director of CIMA and Dr an exclusive breakfast briefing Timothy Chan, Director of Singapore Polytechnic Business School. for 25 chief financial officers, finance directors and finance In a first for Singapore Polytechnic, this collaboration will see their controllers at the Fullerton students from the Diploma in Accounting programme graduate with Hotel, Singapore. the CIMA Diploma in Management Accounting simply by completing The panellists (from left): Mr Graham Owens, CIMA’s Enterprise Operations paper. The Diploma graduates can then Director, Climate Change and Sustainability, The speakers were Mr Andrew continue to study the advanced levels of the CIMA Professional KPMG; Mr Mok Chee Hong, Senior Consultant/Sustainability Ambassador, Fuji Harding, Managing Director of Qualification in Management Accounting which consists of another Xerox Singapore; Mr Ynse de Boer, CIMA and Mr Paul Prendergast, five papers and a test of professional competence before becoming Sustainability Services Practice Lead, Accenture; Mr Andrew Harding, Managing Head of Finance and chartered management accountants after gaining a minimum of three Director of CIMA. Performance Management at years’ relevant work experience. Accenture. A panel discussion was held after the presentations, led by panellists Mr Graham Owens, Two scholarships offered by FTMS Global Academy were also Director of Climate Change and Sustainability at KPMG, Mr Mok Chee presented during the award ceremony. Hong, Senior Consultant/Sustainability Ambassador at Fuji Xerox Singapore and Mr Ynse de Boer, Senior Manager of Sustainability Services at Accenture. The report Sustainability performance management: How CFOs can unlock value highlights how sustainability has the potential to drive business value, unlocking lucrative new revenue sources, driving out costs, increasing efficiency and enhancing brand value. The study, compiled by Accenture on behalf of CIMA, is based on two surveys - an Accenture survey of 85 decision-makers in the field of sustainability Dr Timothy Chan (right), Principal of Singapore Polytechnic students who have performance management and a CIMA survey of over 800 finance and Singapore Polytechnic Business School signed up for the CIMA programme. sustainability professionals. presenting a token of appreciation to Mr Andrew Harding, Managing Director of CIMA, after the signing The report is available at www.cimaglobal.com/sustainability ceremony. .................................................................................................................................................................................... Successful launch in The Philippines (From left) Ms Gigi Virata, Senior Executive Director, Business Processing Association of the CIMA joins hands with new Philippines (BPAP); Mr Dan Reyes, Country Manager, Genpact Services LLC; Mr Joseph Comantong, Senior Learning Partners Technical Advisor, CB Richard Ellis Philippines, Inc; Mr Noel Paraso, VP Service Centre Network and Manila College of Business Administration for Managers (CBAM) and Centre Finance Lead; Ms Tam Kam the Ho Chi Minh City University of Economics and Law (UEL) Peng, CIMA Director of Learning and Development. in Vietnam will be accredited as CIMA Learning Partners. This collaboration will see both CBAM and UEL teaching the CIMA A report entitled From efficiency to effectiveness: transforming professional qualification in management accounting in the the finance delivery mix was launched on 12 September at an event near future. in the Philippines in collaboration with the Business Processing Association of the Philippines. In attendance were over 70 business Both CBAM and UEL signed separate Memoranda of and finance delegates who gave positive feedback on the report and Understanding (MoU) with CIMA on 4 October. The MoU respected CIMA’s impartial research. with CBAM was signed by Mr Andrew Harding, Managing Past president, Mr Aubrey Joachim, delivered a thought provoking and Director of CIMA and Dr Nguyen Van Nga, President of insightful keynote presentation. Over the near term, Mr Joaquim said CBAM, and witnessed by Ms Irene Teng, Regional Director of there would be a shift to external service providers for these services. CIMA South East Asia and Australasia and Mr Pham Gia Tuc, Considering this, the Philippines should start developing a talent pool Vice Chairman of the Vietnam Chamber of Commerce and that could handle high-value financial services. Industry (VCCI). The MoU with UEL was signed by Mr Andrew The CIMA report revealed that 60 percent of the more than 5,000 Harding and Dr Hoang Vinh Long, Vice Rector of UEL, and executives surveyed were using or planning to use outsourced witnessed by Ms Irene Teng and Dr Nguyen Duc Nghia, financial services. Currently more companies have gone the shared Vice Director of Vietnam National University (VNU). services route, where certain back-office jobs are outsourced to an affiliate firm that did some of the non-core functions, including financial services, of the parent company.
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