CIMA Hong Kong May 2013 newsletter

HONG KONG

UPCOMING EVENTS Recruitment seminar for CIMA x Chinese University HK SCS joint programme About 250 new students have joined CIMA X CUSCS joint programme and we are organising an information session to further promote and facilitate the understanding of the programme. If you have friends or colleagues who would like to start studying CIMA and would like to have more information regarding this, please invite them to the below session: Date: Time: Venue: Enquires: Registration:

Thursday 23 May 2013 7.00pm – 8.00pm Chinese University SCS Centre, Room 112, Bank of America Tower, Admiralty Birdy NG at 3741 1956 Please e-mail contact details to birdy.ng@cimaglobal.com

Annual Fraud & Corruption Asia Pacific Summit MIS Training Institute (MISTI), the global leader in Audit, Risk, Fraud and Security Training, will be holding the 2nd Annual Fraud & Corruption Summit on the 4-5 June 2013 at the Hyatt Regency, Hong Kong.

With only a few weeks left to confirm your place, join us to hear from a diverse selection of practitioners who will share their expertise and experience. This unique platform is one of the highest quality gatherings of anti-fraud and corruption professionals here in Asia Pacific.

Date: Time: Venue: Enquires: Registration:

Tuesday and Wednesday, 4-5 June 2013 8.30am – 12.15pm Hyatt Regency, Hong Kong Please click here for more information or call 2520 1481.

Please click here to download the registration form

Joint CIMA and HKICPA CPD seminar – Risk and Innovation Embracing innovation while understanding and managing risk leads to long-term business growth. Companies that get this balance right will be the global market leaders of the future. In today’s fast-changing and competitive business landscape, there is a growing recognition in the business world that organisations cannot drive growth by playing it safe. Innovation is increasingly being seen as the responsibility of the whole organisation, not just the domain of a small R&D department. It goes further than developing a new products or services and can also drive the development of new business models, and management processes.

The seminar will bring together finance professionals to discuss what finance can contribute to this process.

Date: Time: Venue: Fee: CPD: Language: Enquires: Registration:

Friday 7 June 2013 2.00pm – 5.00pm The Excelsior Hong Kong, Marian Room, 2/F, 281 Gloucester Road, Causeway Bay, Hong Kong Gratis 3 hours English Please contact Joanna Cheung on 3741 1957 and click here for more information.

Please register online on or before 24 May 2013. Early booking is advised as seats will be allocated on a first come, first served basis. Email confirmation will be sent to people who successfully registered for the event.

CIMA Hong Kong Newsletter May 2013

MAY 2013

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UPCOMING EVENTS 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: Wednesday 19 June 2013 Time: 1.00pm – 2.00pm Venue:

12/F The Chinese Club, 21 - 22 Connaught Road Central, Hong Kong Fee:

Chinese lunch at HKD120 per person. Please settle your own bill.

Registration: 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

NEWS Business Model background paper for <IR> (Integrated Reporting) Current business model reporting is inconsistent, both in terms of uptake and scope. Uptake appears to be influenced by the presence of regional legislation, corporate governance codes and listing requirements.

Scoping inconsistencies are linked to mixed interpretations of what, exactly, constitutes a business model. This Background Paper for <IR> (Integrated Reporting) explores and reconciles divergent approaches in business model reporting with the aim of reaching a common, widely-accepted definition of the business model for use in <IR>.

This paper is jointly authored on behalf of the IIRC by CIMA, PwC and the International Federation of Accountants (IFAC).

A journey of culture change CIMA recently held a lecture entitled 'A journey of culture change' with our partners Tomorrowâ&#x20AC;&#x2122;s Company at top law firm Linklaters. The keynote speech was delivered by Dick Olver, Chairman of BAE Systems, who spoke about the near decade-long journey of culture change he has led at BAE Systems.

Dick argued that the path to affirming the highest standards of corporate governance is a long and at times arduous road. Few FTSE 100 firms have undertaken transformative initiatives as robust as BAE Systems has pursued over the past decade to realise that goal.

Today, BAE Systems is recognised for applying the most stringent anti-corruption and compliance standards, not just of any defence company, but across the industry at large. It was ranked fourth out of 129 companies in Transparency International's 2012 defence industry anti-corruption index.

Food discount for CIMA students and members CIMA students and members can enjoy a food discount supplied by Sino Hero Foods Limited You and your friends or family only need to fill in your CIMA ID number on the order form here.

For enquiries, please contact Mr Leo Leung at 2836 7241.

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CIMA Hong Kong Newsletter May 2013

NEWS Win a new iPad - CIMA Salary Survey 2013 Take part in our student or member salary survey to be in with a chance of winning a brand new iPad

HOT JOBS FOR THE MONTH Business Controller-Luxury Retail A leading International Luxury Groups with a wide range of brands and are looking for the following candidates: • Degree holder or above. Major in Finance or related • Over 5 years of experience in business analysis in a Commercial Business Unit, preferably in Retail / Consumer Goods industry • Good business acumen, presentation and communication skills • Able to work independently and flexibly to accommodate changing business needs • Possess CFA or CIMA qualification • Good command in written and spoken English, Chinese is preferred • Proficiency in MS Excel, Powerpoint (and Word) is a must • Knowledge of Business Intelligence tools a plus Interested parties please send your resume dora@admarkasiagroup.com

Finance Manager / Senior Financial Analyst (Operation) VF ASIA LTD Prepare and review the financial and operational analysis for the Sourcing Organization, which includes partnering with diverse cross functional and regional teams, and providing expertise in financial modeling, reporting and controls to assist management in the formulation and implementation of supply chain business strategy.

• 5-day work with 13 months’ salary.

Please click here for the details.

STUDENT SERVICES New student induction To welcome all newcomers and let you know more about CIMA, an induction seminar will be held in May. The seminar covers the following areas: • the administrative procedures and important dates • the examination structure and regulations • the overview of the syllabus • the ideal study pathway • the study resources available • other support services from Hong Kong Date: Time: Venue: Language: Registration: Enquiries:

Thursday 30 May 2013 7.00 – 8.00pm CIMA Hong Kong Office, 2005, 20/F Tower One, Times Square, Causeway Bay Cantonese or English Please email your name and contact ID to Joanna.cheung@cimaglobal.com 3741 1957 CIMA Hong Kong Newsletter May 2013

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STUDENT SERVICES T4 - Part A - Professional Experience Record Workshop Have you completed all your CIMA examinations but yet to submit your membership application? Do you know that you can submit your T4 Part A (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 20 June. The workshop will be hosted by Mr. Samuel Li, ACMA, CGMA, Study Support and Learning Manager.

Date: Time: Venue: Language: Fee: Registration: Enquiries:

Thursday 20 June 2013 7.00 – 8.30pm CIMA Hong Kong Office, 2005, 20/F Tower One, Times Square, Causeway Bay Cantonese or English Gratis Please email your name and Contact ID to Joanna.cheung@cimaglobal.com 3741 1957

HONG KONG PAST EVENTS Joint CPD networking seminar – Accounting and Financial Dispute Resolution Mediation is a voluntary, non-binding, private dispute resolution process in which a neutral person, the mediator, helps the parties to reach their own negotiated settlement agreement.

The mediator has no power to impose a settlement. His/Her function is to overcome any impasse settlement and encourage the parties to reach an amicable settlement.

Mediation has become more common in Hong Kong after the city’s civil justice reform in 2009; lawyers are now required to advise clients in dispute resolution to try mediation before proceedings with litigation. As Hong Kong companies transact with Mainland China more frequent, many commercial disputes may have impact on the company’s liability or financial risk. Professional who possess accounting / financial knowledge, coupled with mediation technique will have a great competitive edge if asked to resolve such disputes. The anticipated need for more dispute resolution professionals have brought about a boom in the number of people seeking to be trained as mediators over recent years.

We were please to organise a joint seminar with CPA Australia and HKU SPACE, and invited Mr Wui-Kei, Roy, the Director of Hong Kong Institute of Mediation to introduce how an accountant-mediator can enhance their business and resolve disputes over figure. This seminar attracted 70 CIMA members and over 200 participants.

If you missed the seminar or would like to know more about accounting and financial dispute Resolution, HKU SPACE now offers an Executive Diploma in Accounting and Financial Dispute Resolution. It provides an all-round training in commercial dispute resolutions with special focus on accounting and finance. It equips students with mediation technique and specialized accounting and financial dispute resolution knowledge.

Please contact Mr. Man Kuk at 2867 8456 or email at cmkuk@hkuspace.hku.hk and click here for more details.

Staff conducted the Information session at CIMA HK office The 2nd CIMA NARB meeting was held CIMA members attended the seminar of Knowledge Management for Business jointly organised with CMA Canada

17 April 2013 24 April 2013 27 April 2013

CONTACT US CIMA Hong Kong Office Suite 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) 4

CIMA Hong Kong Newsletter May 2013