Keeping a tab on the world of business Dec-Jan 2013
Vol V
Message from Message from Arati ...................1 Recap ......................................... 2 • MESANA Board Launch • Cost Congress 2012 • People Matter Round Table • CIMA partners with Vidya Vikas Mandal • Revision Lectures • 54th National Cost Convention 2013 • CIMA Convocation 2013
Up Next .................................... 4 • Referral Campaign • CIMA Global Business Challenge 2013
Member Speak ......................... 6 Latest Vacancies on CIMA MYJOBS .....................................8 Important Dates ..................... 8 CIMA Applause – November 2012 (PC Based) ........................ 9 New Members – NovemberDecember 2012 ........................ 9
Arati Porwal
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The year 2012 was a milestone year for CIMA. We ended the year with 29,332 new students joining CIMA around the world and over 5700 achieving membership.
Dear members of the CIMA community, On behalf of the CIMA India Team, wish you all a Happy New Year ! The year 2012 was a milestone year for CIMA. We ended the year with 29,332 new students joining CIMA around the world and over 5700 achieving membership. The joint venture with AICPA , announced in January 2012, saw over 35,000 AICPA members sign up for the CGMA designation, making it the only truly global qualification in management accounting.
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We also supported the partners with quality Train-the-trainer programmes so that they could up the quality of tuition available to our students. These measures have yielded good results and we see significant improvement in pass percentages. We hope our students have found these measures useful. Your feedback on this will be important to us to improve.
The year 2012, also saw a record number of events being hosted by CIMA, individually or in partnership. We engaged industry leaders and members in discussions about issues relevant to business. These events and our activities The growth of the CIMA community is a resulted in a 50% increase in coverage testimonial to the relevance of the CIMA value of CIMA in the national and qualification and the increasing need for regional press, over the previous year. It management accounting skills in also helped us to add an Indian touch to business, despite the global economic CIMA's repository of thought leadership. environment. Not surprising therefore, that we saw over 100 job positions being In 2013, we continue our journey with advertised on CIMA My Jobs, from India the aim to increase CIMA's profile in alone, in 2012. Over 1300 new students India, support our students and increase membership value for our members. joined CIMA in India in 2012 and the student and member satisfaction index Your support, as always, is very recorded an increase over the previous important to us. We look forward to year. In 2012, we put together a number traveling with you on the road ahead. of measures to support our students to progress through the CIMA qualification. Apart from a continuation of revision lectures, we added over 15 tuition partners across the country in the year.
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recap Launch of the MESANA Regional Board
Keeping a tab on the world of business
Bahrain, Mr Razib Hassan, FCMA CGMA from Bangladesh, Mr Sriram Kameshwar, ACMA CGMA from India, Ms Zeinab Yehia Halim, ACMA CGMA from Egypt and Dr Tariq Iyyaz Billah, FCMA CGMA from Pakistan. Mr Robin Vaughan, Executive Director, Governance and Professional Standards; Mr Bradley Emerson, Regional Director, MESANA; Arati Porwal, Chief Representative, India; Javaria Hassan, Country Manager, Pakistan; Zareef Matin, Manager, Bangladesh and Geetu Ahuja, Head of GCC, Middle East were present on this occasion.
The MESANA Regional Board was launched at Radisson Royal Hotel, Dubai, on Thursday, 11 October 2012 by Mr Gulzari Babber, CIMA, President. Mr Imran Khalil Naseer, ACMA CGMA from Pakistan was appointed as the Chairman of the MESANA Regional Board for 2013 and Mr Girish Bhat, ACMA CGMA from India and Mr Amir Siddiq Abdulrahim Al Janahi, FCMA CGMA from Dubai were appointed Deputy Chairman and Vice Chairman respectively. The rest of the Board comprises of Mr Mehdi Ettehadieh, ACMA CGMA from Iran, Mr Ammar Aqeel Al Hassan, FCMA, CGMA from
MESANA (Middle East South Asia and North Africa) Regional Board, follows the formation of the Southern Africa Regional Board (SARB) and the South East Asia Regional Board (SEARB) in CIMA. The Regional Boards, work with CIMA Council's Global Markets Committee (GMC) to deliver CIMA Council's objectives for growth globally, including supporting students in their progression through CIMA's examinations and conversion to membership. They also work with CIMA Council's Members' Services Committee (MSC) to ensure that CIMA members receive support in maintaining CIMA's reputation for the skills of management accountants and high professional standards and through this that CIMA members' needs are met and they are retained in membership.
Cost Congress 2012
CIMA was the Knowledge Partner at the CII Cost Congress 2012 in December at the Hilton, Chennai. The theme of the event was 'Changing Business Model in Turbulent Times – Leveraging TCM'. Mr Mahalingam, Chairman, CII-TCM Division & CFO-TCS, was the Master Session Chairman while the Master Speaker presentation was delivered by Mr Charles Tilley, CEO, CIMA.
The Cost Congress 2012 covered the following topics in two days: The Cost Congress was attended by industry leaders, CFOs and Management Accountants.
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recap Panel Discussion with PeopleMatters MattersMagazine People
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CIMA partners with Vidya Vikas Mandal CIMA announced its partnership with the prestigious Vidya Vikas Mandal (VVM), on 14th December in Goa, with an aim to provide the students of Goa, an opportunity to study the most relevant international professional qualification for business. The partnership between the two prestigious education bodies marked CIMA's entry in Goa, leading to a meaningful mutual collaboration in the field of education. Under this partnership, CIMA and Vidya Vikas Mandal will launch a study centre at the VVM campus that will offer CIMA qualification to the students.
CIMA along with People Matters organised a Breakfast Round table themed "Building Measurability in Human Capital” at The Leela Kempinski, Gurgaon on 4th December 2012. The objective of the discussion was on the need for assessing the cost of losing talent and the following: • Factors that account for the cost of hiring a replacement • The scalability of the loss of top talent for an organisation • Strategising retention strategies to manage top talent
Arati Porwal, Chief Representative, CIMA India and Ramnath Kare, President, Vidya Vikas Mandal signed a Letter of Intent for partnership. The launch was followed by a press conference and coverage of the same appeared in all major dailies and local TV channels. Present on the occasion, showcasing their support, were Dr. V. Kamat, Registrar, Goa University and Shri Binayak Datta, Advisor – Corporate Affairs, Zuari Agro Ltd.
The discussion was moderated by S. Varadarajan, Executive President – HR, Tata Teleservices and Ester Martinez, Founder and Managing Editor, People Matters. The session was attended by Business Heads, HR Heads and Senior HR Professionals.
Panel Discussion with Revision Session People Matters Magazine For the November 2012 Exam Diet, we had conducted Webex based revision lectures over the weekends from 27th October to 10th November. We covered Enterprise, Performance and Financial Pillar across Operational, Management and Strategic levels. Also, we conducted revision session for Top CIMA. The lectures were conducted by faculties from India and Sri Lanka.
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recap
54
th National Cost Convention 2013 18 – 19 January 2013
CIMA was a knowledge partner with the Institute of Cost Accountants of India for the 54th National Cost Convention. The theme for the convention was around 'India's Cost Competitiveness – Imperatives for CMAs. The National Cost Convention was held in Ahmedabad on 18th and 19th January 2013.
CIMA Convocation 2013 CIMA India will host the first ever convocation for new members in 2013 at Bangalore and Mumbai. Mr. Gulzari Babber, President, CIMA would hand over membership certificate on this occasion to the new members. He will also hand over trophies as recognition of achievement to the India Rank Holders from November 2012 Exam, September Resit 2012, and November PC Based Exam 2012.
Up
ne t Referral Campaign Welcome to the CIMA Referral Programme – your opportunity to inspire people you know, to benefit from the CIMA qualification! For every successful student registration received through your referrals, before January 31st, 2013, you stand a chance to win exciting gift vouchers. Also, if your referrals contribute to the maximum new student registrations before that date, you could win an iPad!
The convention covered the following technical sessions: • Building enterprise competitiveness through enhancing professional skills set • Coping with the tardy growth of the economy. Analysing concern areas and the role of CMAs • Energising infrastructure: strategic options and action agenda • Availability of adequate power: sine qua non for sustained economic development • Not everything is healthy in the HEALTH sector - imperatives for CMAs Mr Gulzari Babber, President, CIMA attended the Convention as a Guest of Honour and Mr Peter Simons ACMA, CGMA, Technical Specialist, CIMA spoke on “enterprise competitiveness” through enhancing professional skills set'. To know more about the convention, click to download the programme brochure.
Event details : Bangalore Tuesday, January 29th, 2013 Time: 6.00-7.30pm, followed by cocktails ITC Windsor, Regency II "Windsor Square" 25, Golf Course Road.
Mumbai Friday, February 1st, 2013 Time: 6.30-8.00pm, followed by cocktails and dinner Regus, Room No. 10, Trade Centre, Bandra Kurla Complex, Bandra (E).
All you need to do is click here and submit contact details of your references by 25th January 2013. So go ahead and lead one more person to a better future! Rewards 1) CIMA students stand to win Rs. 2000 CIMA book voucher, for each new student registration through their references 2) CIMA members stand to win Rs. 2000 CROMA voucher for each new student registration through their references 3) Over and above 1 student and 1 member contributing to maximum registrations would receive an iPad* *Terms & Conditions 1) Minimum of 3 references needed 2) In case of a tie, there would be a lucky draw to decide the final winner
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Up
ne t The competition that lets full-time undergraduates (studying in a university, college or any other educational institution in India), demonstrate their business know-how – on a global platform; interact with the who's who of international business; and get the chance of a dream start to a career in business. The CIMA Global Business Challenge is a one-of-its-kind business event that provides you with: Experience: the honour of representing one's country on a global stage. Opportunities: interact with the world's top employers and business leaders attending the event. Fun: socialise with peers from around the globe and explore different cultures.
Prizes: get a chance to win a free trip to South Africa – the host city for the 2013 global final, exciting prizes and the title of the business leaders of tomorrow. The Global Business Challenge calendar for India Please note that these dates may change. Regional final (South): 2 March 2013 Regional final (East): 9 March 2013 Regional final (West): 16 March 2013 Regional final (North): 23 March 2013 India final: 6 April 2013
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Member Speak GOING BEYOND KNOWLEDGE MANAGEMENT
Roy D'Cunha B.Com, FCA (Ind), CIA (US), CISA (US), ACMA (UK), CGMA (UK) IA Manager – Corporate Tax, Treasury, Finance Hewlett Packard Some of the intelligent species in the animal kingdom leave a trail to share knowledge on food, water, warnings and many more. The organizations have similar trails to capture and share knowledge. Knowledge is more than just facts, information or descriptions and it can be regarded as 'Intellectual Property' if it is used as a differentiator to gain a broader context, new ideas or insights.
Some of the fastest growing companies go beyond just managing knowledge. The companies have an intelligent process to identify areas, which are best-in-class or
Knowledge Management (KM) has changed from static form to real-time updates. Businesses today look for a greater and tangible return for investing in knowledge management. Roy D'Cunha shares a 5-step process that will make a positive difference to the business.
lagging behind. Most times people wonder why some of the employees, countries, competitors, customers and others are the best-in-class. The collective sharing of best practices adds tremendous value and the synergy is energizing to create something extraordinary. Knowledge is as precious as water and if you don't save it then it will drain. There
are very few who know end-to-end for a large company and the information is difficult to assess for operations spanning several countries. Sometimes organizations
struggle to capture information in simple and logical fashion. Some people don't feel the need to share knowledge as they don't feel it adds value and how it links to execution. We award individual for the outcome, but very few organizations document the way the outcome was achieved that can serve for others to follow. We can solve these problems using a simple 5-step process. Learn from the best: First step is to rank and identify the areas which are significantly above the average in terms of performance, delivery, execution, etc. The reasons for superior performance could be plenty e.g. it could be a charismatic leader, technical expert, cutting-edge technology, team synergy. The easiest and the best source of gathering intelligence can come from within the organization. We can start by selecting the high-performing individuals and sharing their techniques for a larger population to tap on. Share with the rest: The second step is to create interest by sharing among the larger community. Also, the employees have numerous ideas during the normal course of work, but don't have a mechanism to share. People are the key for the success of this program and they need to be motivated to share. The information should be simple to understand and accessible to the community at large. The process needs to be developed where the employees can share ideas or best practices. The submission can be commented upon as feedback by other employees of the same team or other teams looking to leverage best practices. The ideas that have the highest user ratings and great potential to leverage can be awarded or recognized. The content will also be independently analyzed by a team of experts. The experts can act as 'ambassadors' to systematically expand the benefit to other teams within the organization.
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Member Speak Share knowledge profitably: The third step is the format of gathering/sharing information, knowledge and intelligence. The most difficult part is to capture tacit knowledge into a tangible form. Few organizations have used brilliant techniques to capture tacit information into meaningful forms including: • • • • • • • •
Comparisons (before and after) Charts or graphs Pictures – diagrams, flowcharts, etc Videos and audios Analogy - especially for complex areas Relationship, connections and linkages Success and failures experience stories Real-life case studies Static form of KM
ideas implemented. It is important for the application to have access restrictions for confidential information.
Reward success: The last important
Use the right tools: The fourth step is to have a good tool that supports the process. In the past, these were normally included in process documents or newsletters but KM has evolved from static information to more fluid and real-time updates. The growth of new tools and social media like Wiki, Facebook, Google and Twitter have enhanced user experience with several features e.g. like, share, debate, timeline, how to and search capabilities on audio/video. The company can invest to add some of these features and the investment can be recovered over time through the savings generated by the
step is to keep the momentum, managing the content and rewarding the people. The ones that have generated great savings or impact or cost reduction can be inducted in the 'Hall of Fame'. The program can be expanded to include latest news, problems requiring solutions, propose alternative suggestions for existing ideas and future strategy. The plan can selectively be extended to other interested stakeholders like customers, suppliers, pan-industry, and etc. For any comments, suggestions or questions on this article - please send an email at roy.dcunha@hp.com
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Latest Vacancies on
CIMA MYJOBS
Current opportunities for CIMA qualified professionals Employer Position Location Sector Link
: : : : :
Hewlett Packard (HP) Interns - Internal Audit Bangalore IT http://myjobs.cimaglobal.com/job/ 462713/interns-internal-audit
Employer : Wipro Position : Business Finance/ Corporate Finance – Asst. Manager/ Manager/ Sr. Manager Location : Bangalore Sector : IT Link : http://myjobs.cimaglobal.com/job/4609 37/business-finance-corporate-financeasst-manager-manager-sr-manager
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For more vacancies, log on to http://myjobs.cimaglobal.com
Important Dates 2013 Exams dates - March 2013 (Resit) Exam entry deadline students
22nd January 2013
Tuition provider web entry deadline
25th January 2013
Deadline for applying for extra time
25th January 2013
Pre-seen material for tutors/ students
Mid January 2013
Exam fee deadline
8th February 2013
Admission advice
w/c 11th February 2013
Exam
25th - 28th February and March 1st
Exam results released
22nd March 2013
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Keeping a tab on the world of business
CIMA Applause! CIMA is delighted to announce the names of students who have achieved top ranks in the various papers of the November 2012 exams (PC based). Congratulations! You make us proud! Test for Professional Competence T4 Part B Case Study (PC based) Name
Paper Name
Marks
Country Rank
Mr. Deepak Tharanee
T4 Part B Case Study Examination
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1
Mr. Ashish Ashok Kumar Rohra
T4 Part B Case Study Examination
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New Members – November- December 2012 CIMA congratulates all new members for earning their ACMA, CGMA designation. Name
Designatory Letters
Mr Namburi Kiran Kumar
ACMA, CGMA
Miss Sonali Thapar
ACMA, CGMA
Mr Ponniah Manian
ACMA, CGMA
Ms Darshana Sanghavi
ACMA, CGMA
Mr Barath Ranganathan
ACMA, CGMA
Mr Bhargava Raju Dommaraju
ACMA, CGMA
Miss Jyoti Chopra
ACMA, CGMA
Miss Tanisha Govindarajan
ACMA, CGMA
Mr Himanshu Thacker
ACMA, CGMA
Mr Gouthem Manakkadan
ACMA, CGMA
Mr Deepak Chikhale
ACMA, CGMA
Mr Alpesh Gandhi
ACMA, CGMA
Mr Balanagu Kumar
ACMA, CGMA
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