CIMA India February 2012 newsletter

Keeping a tab on the world of business January-February 2012

Up next .................................................2 l

CIMA Global Business Challenge, India rounds

Recap............................................2 l

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Deputy President's visit CIMA - Tomorrow's Company conference on business sustainability

CIMA'S global alliances.............3 l

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The Chartered Global Management Accountant (CGMA) Joint MBA programme with IGNOU

CIMA's Gateway routes ............3 Memberspeak.............................4 l

Girish M Bhat CFO, Gammon India Ltd.

The 2011 CIMA India salary survey...........................................5 Latest vacancies on CIMA MYJOBS ............................5 Thought leadership ...................6 Important dates .........................6 Important links...........................6 Contact details ...........................7

Message from

Andrew Harding

“

CIMA's journey in India has been both exciting and challenging. With your support and the work of our dedicated staff team, we have passed many milestones. At the end of 2011, we have over 3300 students and members in India. Every day our 375 CIMA members are proving the value of the CIMA skills in their businesses.

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Content

Vol. I

Dear CIMA Students & Members, At the beginning of 2012, it gives me great pleasure to wish you a Happy New Year and to introduce CIMA Pulse, CIMA's new bi-monthly newsletter in India. CIMA is at the forefront of management accounting theory and practice globally and has been setting global benchmarks throughout its journey. This newsletter is just another way to reach out to you, provide local insight and news along with CIMA's world view, and help you and your businesses succeed.

CIMA's journey in India has been both exciting and challenging. With your support and the work of our dedicated staff team, we have passed many milestones. At the end of 2011, we have over 3300 students and members in India. Every day, our 375 CIMA members are proving the value of the CIMA skills in their businesses.

Our partnerships with leading Indian educational institutions, professional bodies, such as the ICWAI, and key

corporations, have helped to enhance the recognition of CIMA in India.

Globally, 2012 marks a significant new phase for CIMA as we launch our joint venture with the American Institute of Certified Public Accountants and the CGMA designation. The designation, which may be used by all CIMA members, will be the first accounting designation recognised across the world.

CIMA Pulse will keep you updated about the progress which CIMA and our community of students and members make. It will keep you abreast of the various trends across the business sector and link the CIMA community in India.

We value your feedback and input - this will help CIMA Pulse keep pace with your expectations. We look forward your participation.

Andrew Harding Managing Director CIMA

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Up

ne t CIMA Global Business Challenge, India rounds The CIMA Global Business Challenge is here again. And if the initial numbers are anything to go by, the 2012 edition is going to be bigger and better than ever!

An annual event, the CIMA Global Business Challenge is a global case study competition meant for undergraduates.

recap

Keeping a tab on the world of business

This challenge will feature teams from 22 countries at the global final scheduled to be held in Colombo, Sri Lanka in June 2012.

With 375 teams registering, the India leg of 2012 CIMA GBC has garnered an enthusiastic response from renowned colleges/universities across the country. Every year, CIMA students and members support the competition by participating as evaluators and/or judges. If you wish to attend any of the local rounds or be a judge, kindly contact the CIMA India liaison office. For more information, visit the India page at http://www.cimaglobal.com/gbc2012

CIMA - Tomorrow's Company conference on business sustainability 2-3 November 2011, Vivanta by Taj-President, Mumbai

Interactive sessions with Gulzari Babber

Deputy President's visit

14-20 January 2012 Mumbai, Bengaluru and Delhi Mr Gulzari Babber, Deputy President, CIMA, completed a whirlwind tour of India during the week 14-20 January 2012.

During his visit, Mr Babber met and interacted with the press, CIMA students, members, tuition partners and business leaders, through a series of events and interactive sessions. His itinerary included Mumbai, Bengaluru and Delhi.

Mr Babber is the first person of Indian origin to be elected as Deputy President of CIMA and will be President next year. He runs an independent management accounting practice in London. He has been associated with CIMA's council and committees such as the professional standards committee and the marketing committee. For more details, visit www.cimaglobal.com/our-locations/india1/Events

CIMA and leading think tank Tomorrow's Company, came together to organise a two-day conference in November 2011 at Mumbai. It brought together key business leaders of the country to co-create the agenda for sustainable business.

Mr R Gopalakrishnan and Mr Kishor Chaukar, directors of conference host TATA, stressed on the need to focus on wider business objectives, instead of just short-term profits and revenue.

Mr Charles Tilley, CEO of CIMA, and Mr Tony Manwaring, CEO of Tomorrow's Company, also shared their views with the business leaders. For more details, visit: www.cimaglobal.com/our-locations/India1/Events

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Keeping a tab on the world of business

CIMA'S

global alliances The Chartered Global Management Accountant (CGMA) Chartered Global Management Accountant is the new global designation for management accountants, powered by the resources and expertise of AICPA and CIMA, two of the world's leading accounting bodies.

The CGMA demonstrates management accounting expertise, determination and commitment to achieving sustainable business success. Employers around the world trust CGMAs to guide critical business decisions and drive strong business performance.

CGMA holders gain real competitive advantage, with leadingedge research and practical tools that help them stay at the forefront of their profession. CGMA brings together a global network of trusted business strategists committed to sharpening their business acumen. With its global heritage and rigorous standards, the CGMA designation will deliver opportunities, within organisations and around the world.

Together, AICPA and CIMA are elevating the profession of management accounting. We're working with employers and influencers worldwide to increase the awareness of CGMAs.

CIMA'S

Gateway routes

Our goal is to build the leading global management accounting designation for business.

CIMA members, all of whom hold either an ACMA or FCMA, will be entitled to use the letters ACMA CGMA or FCMA CGMA if they wish to.

The new CGMA will be issued by the AICPA and CIMA through a license with the joint venture, with membership remaining with the existing organisations.

For further details, visit http://www.cgma.org

Joint MBA programme with IGNOU CIMA and Indira Gandhi National Open University (IGNOU) have collaborated to offer a joint MBA programme (recognised

by AICTE) along with the CIMA advanced diploma in management accounting. A distance learning programme, it has been specially designed to develop skills in management accounting and finance. It is ideal for graduates and working professionals who wish to expand their career options as well as improve job prospects in India and abroad. To know more, visit http://www.cimaglobal.com/ignou

CIMA now has fast track routes available for those who hold other professional qualifications. They are: • Professional gateway for ICAI professionals • Management Accountant gateway for ICWAI members/passed finalists • Masters gateway for MBAs and Masters in Accounting holders.

On successful completion of the CIMA accelerated entry route exam, you will be: • exempted from 11 out of the 15 modules of the CIMA qualification • awarded the CIMA Advanced Diploma in Management Accounting.

For more details, log on to www.cimaglobal.com/india

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Keeping a tab on the world of business

Member speak international job opportunities Moreover, because of the three key skills - strong commercial orientation, improved judgment for improved decision making and analytical skills.

“The CIMA qualification has enriched my work attitude and thought process. Today I am imbibed to being responsible for the procurement business services. It is

CFO, Gammon India Ltd. Mr Girish Bhat, CFO of Gammon India Ltd. and a believer of innovation and profitability, has earlier worked with a range of global companies with spells as the executive director of the Indian Subcontinent for Cadbury and eventually as the director assurance for Global Audit Cadbury Plc UK. A globe trotter by work, Mr Bhat has a work experience of 15 years as a CFO across the best companies: from UK, Ireland to the Middle East. With his globally recognised CIMA qualification , Mr Bhat has worked across various areas of business including strategic planning, business development, mergers & acquisitions, capital structuring, business integration, corporate governance and CSR. He has also been an FCA member and a national rank holder of the ICAI. With an ambition to garner an internationally recognised qualification that would help advance his career and work with the best organisations in the world, thus seeking a business leadership/ board of management role in a growth driven organisation, Mr. Bhat chose to have a CIMA qualification.

As a member of CIMA, Mr Bhat had the qualification and exposure to gain several

Mr Bhat believes that being CIMA qualified, the most rewarding aspect of his job has been the recognition and respect that he has gained throughout the Every Indian company looks forward organisation. The values garnered at CIMA have to hiring a professional with an ability enabled him to to communicate complex financial successfully carry out his responsibilities as information to non-financial people an executive board member and helped important to first remain him deliver business goals and agendas, competitive and then raise the bar thus leveraging the corporate governance through new procurement initiatives. practices in the organisation.

The challenge is to improve the cost

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structure of the business to create value.

As a CIMA member myself, I would be glad to say that CIMA members are great business partners as they create value and drive decision making.”

The benefits of the CIMA qualification are highly recognised at Gammon India. “The unique skills and roles of CIMA qualified professionals are portable and global in application. CIMA members are trained to have a fundamental understanding of all aspects of business so that they can make and support key decisions and manage risk. I myself have been proactive in supporting the students and encouraging the CIMA qualification in the organisation.”

Every Indian company looks forward to hiring a professional with an ability to communicate complex financial information to non-financial people and the one to have a detailed knowledge of management which enables them to work throughout the different areas of an organisation.

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Girish M Bhat

CIMA's Continued Development Scheme fits perfectly with the ideology of the Indian corporate workplace scenario and allows individuals to attain their personal professional development needs and help the organisation flourish.

As Mr Bhat explains, “The world is changing more dramatically than what is apparent. The key is to adapt and be at pace with these changes. When increasingly financial systems are becoming standardised and integrated, it is imperative for the students of finance and accounts to empower themselves with skill sets that are also global in nature. “ It is equally important to realise that employability and that too high grade employability, is a factor of relevance of knowledge. CIMA believes that Management Accountants are best positioned to do this along with other functional experts.

“The CIMA qualification helps an individual recognise and reinforce a strong foundation which is essential to build a successful career.”

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Keeping a tab on the world of business

The 2011

CIMA India salary survey It's with great pleasure that we bring you the findings of the CIMA India Salary survey 2011. The survey takes into account part-qualified and qualified members. The results and findings of this report are meant to give you an insight into a number of parameters starting from current employee experiences, salaries, to the career aspirations of CIMA India's students and members.

The 2011 report proves that despite economic uncertainty, CIMA students and members have managed to shine in their respective fields. The survey goes on to show how much CIMA is valued by employees, and how its focus on global business offers students and members a sense of confidence and job security as well as greater career opportunities not just in India but around the world.

CIMA India qualified salary survey 2011

Do go through the report for the full story.

CIMA India part qualified salary survey 2011

Latest vacancies on CIMA MYJOBS Hewlett Packard (HP) Bangalore (India) Program Manager PSG EMEA BI & Analytics team APPLY

Investigo Ltd London (UK) Group Management Accountant

Hays A&F (London) Project Auditor

APPLY

Hays A&F (London) Senior VP, Audit Manager-GBM

Hays A&F (London) IT Audit APPLY

APPLY

Hays A&F (London) Operational Risk Manager

APPLY

APPLY

Ford Business Services Centre (Chennai) Deputy Manager, GBS Finance APPLY For more vacancies, log on to http://myjobs.cimaglobal.com/

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Keeping a tab on the world of business

Thought leadership CIMA's leading, in-depth reports on global business and the finance profession.

Latest report Public sector performance: a global perspective, November 2011 This report, examining the global challenges for public sector organisations, will be of interest to readers from all sectors, due to the role of the public

sector with respect to economic growth, and the increasing interdependencies of public and private sectors.

To read this, and older reports, visit http://www.cimaglobal.com/Thoughtleadership/

Important dates Timetable for the May 2012 paper-based exam sessions: Tuesday, 22 May E1 (am) E3 (am) E2 (pm) G1/M1/A1 (pm)

Wednesday, 23 May P1 (am) P3 (am) P2 (pm)

Thursday, 24 May F1 (am) F3 (am) F2 (pm) T4 part B (pm) - paper or PC

Deadline dates - paper based exams

May 2012

November 2012

Closing date for applying for exemptions

31 January

31 July

Completion of certificate level enable operational and management level exam entry

1 March

1 September

Exam entry opens

1 February

1 August

Closing date for exam entries

14 March 5.00pm GMT

14 September 5.00pm BST

Last date for receipt of payment of any outstanding fees by CIMA

21 March

21 September

Admission advice available to download

Mid-April

Mid-October

Exams

22, 23, 24 May

20, 21, 22 November

Exam results

12 July 2012

Mid-January 2013

Important links CIMA tuition providers http://www.cimaglobal.com/Our-locations/India1/Courses-training-and-CPD/ List of CIMA publishers http://www.cimaglobal.com/Documents/Our%20locations%20docs/India/IndiaPublishersDetails09-2011.pdf

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Keeping a tab on the world of business

Special thanks

CIMA Pulse has taken off because of the consistent feedback from our students and members and the contribution of some key people. One person we would like to specially thank is Mr Mark Bevan, FCMA. Mark is the Associate Vice President, Finance at JCB India. JCB is the largest construction equipments manufacturer in India. Mark has been with JCB for over 7 years and has recently joined JCB India.

Mark has been an ardent supporter, mentor and critic of CIMA and our work in India. He has been a judge and mentor to students at the CIMA Global Business Challenge, a CIMA brand ambassador, a speaker at various events and an advocate of CIMA within his organisation. He has, for over a year, patiently followed up to ensure that this E-newsletter sees the light of day. Mark is also the Guest Editor of this first edition. His feedback and comments have been invaluable to us in shaping CIMA Pulse.

On behalf of the CIMA India Liaison Office - a big Thank You to Mark for all his support, time and effort.

Contact details of CIMA India representatives as per region North

West

Ms Arti Sarup E. arti.sarup@cimaglobal.com M. +91 9810224121

Mr Pratik Patel E. pratik.patel@cimaglobal.com M. +919004624239

Ms Aditi Gupta E. aditi.gupta@cimaglobal.com M. +91 9999641841

Cochin

Bengaluru Ms Lata Murli E. lata.murli@cimaglobal.com M. +91 9731407446

Fenil Vadakken Sunny E. fenil.vadakkensunny@cimaglobal.com M. +91 9847005818 Chennai K. Senthil Vadivu M. +91 93813 84899

Ms Shikha Nag E. shikha.nag@cimaglobal.com M. +91 81974 71556 For more details, contact: CIMA India Liaison Office T. +91 22 4237 0100 +91 22 4237 0111 +91 22 3291 1383 E. india@cimaglobal.com www.cimaglobal.com/india

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