CIMA Hong Kong - Network News September 2012

HONG KONG

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: Time: Venue: Fee: Registration:

Wednesday 12 September 2012 1.00 – 2.00pm 12/F The Chinese Club, 21 - 22 Connaught Road Central, Hong Kong Chinese lunch at HKD120 per person. Please settle your own bill.

A table is reserved under Mr Yau Yin Kwan, Joseph of CMA Canada.

If you are interested in joining us, please email to hongkong@comaglobal.com.

CIMA supports HKICS Biennial Corporate Governance Conference 2012 The 8th biennial Corporate Governance Conference: The 21st Century Board – Thoughts and Trends of Corporate Governance, is a conference that has an excellent reputation amongst members, regulators and other professionals throughout the region. Sir CK Chow, Chairman, The Hong Kong Exchanges and Clearing Limited will be the keynote speaker of the conference this year. It also brings together distinguished experts from all corners of the world to exchange views and make insightful comments on issues and challenges facing the 21st Century Board.

Date: Time:

Venue: Fee: Organiser: Registration: Enquiries:

Friday 5 and Saturday 6 October 2012 8.45am - 5.00pm (Friday) and 8.45am – 1.30pm (Saturday) JW Marriott Hotel, Hong Kong.

HK$3,900 (HK$3,200 for CIMA members registering before 31 August 2012) Hong Kong Institute of Chartered Secretaries Please download the registration form here For enquiries, please contact HKICS Secretariat at (852) 2881 6177 or email to ecpd@hkics.org.hk or visit www.cgc2012.org.hk.

NEWS Call for Nominations to the North Asia Regional Board (NARB) and Hong Kong Branch (HKB) The North Asia Regional Board (NARB) is the primary governance structure for CIMA in North Asia. Its formation was agreed and approved by CIMA’s Council at its meeting in July 2011. For the first time members will be elected from the membership base within North Asia to serve on this board.

There will be vacancies available in the Hong Kong electorate, mainland China electorate and North Asia electorate for the NARB. Details on how to nominate candidates will be sent to your emails in the coming weeks so please keep an eye out.

As a subsidiary body accountable to the NARB, the Hong Kong branch committee will also have seats that need to be elected. The main responsibility of the Hong Kong branch is to advise on how to provide opportunities for members and students to network in furtherance CIMA’s objectives. Details will also be sent together with the NARB call for nominations.

CIMA HONG KONG

CIMA Hong Kong Newsletter September 2012

SEPTEMBER 2012

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NEWS Webcast: Managing Responsible Business: the future of ethics In light of the financial crisis and the ongoing turbulence in the world economies, there has never been a more important time to address the issues concerning ethics and ethical behaviour within organisations around the world.

To discuss the pressures faced by organisations and the subsequent CGMA report Managing Responsible Business – A global survey on business ethics, CIMA and AICPA held a webcast debate in association with The Accountant.

Hosted by Nicola Maher, Editor, The Accountant, the panel of experts discuss ethical culture, accounting for ethics, dilemmas, pressures and business issues.

Acting under pressure – how management accountants manage ethical issues In this focus report we highlight the different areas where management accountants may experience pressure in the workplace set against the wider ethical environment, as well as exploring in more detail the context of five CIMA markets. Our findings affirm that a transparent operating culture, support from management and compliance with both local and international regulations and norms, are necessary for effective business operations.

Click on the report to view or download a PDF version <here>

STUDENT SERVICES CIMA preparatory course on paper E2, F3, P3 and T4 CIMA Hong Kong is organising a series of preparatory courses for students who are taking the CIMA professional examinations. Interested parties please submit your application and cheque to CIMA Hong Kong offices as soon as possible. There are a limited number of seats left and application will be treated on a first come first served basis.

Venue: CIMA Hong Kong – Suite 2005, Tower One, Times Square, Causeway Bay Fee: HKD2500/paper Registration: Please register by email Joanna.cheung@cimaglobal.com Enquiries: Please contact Joanna Cheung at 3741 1957 or email Joanna.cheung@cimaglobal.com or visit http://www.cimaglobal.com/

Our-locations/HongKong/Students/

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CIMA Hong Kong Newsletter September 2012

STUDENT SERVICES Paper E2 Enterprise Management Session 1

Session 2

Session 3

Session 4

Session 5

Session 6 F3 Financial Strategy Session 1

Session 2

Session 3

Session 4

Session 5

Session 6 P3 Performance Strategy Session 1

Session 2

Session 3

Session 4

Session 5

Session 6 T4 TOP CIMA Session 1

Session 2

Session 3

Session 4

Session 5

Session 6

Date Sat 15 Sept Sat 22 Sept Sat 6 Oct Sat 13 Oct Sat 20 Oct Sat 27 Oct Thu 20 Sept Thu 27 Sept Thu 4 Oct Thu 18 Oct Thu 25 Oct Thu 8 Nov Sat 22 Sept Sat 22 Sept Sat 13 Oct Sat 13 Oct Sat 3 Nov Sat 3 Nov Wed 19 Sept Wed 26 Sept Wed 3 Oct Wed 10 Oct Wed 24 Oct Wed 31 Oct

Time 10.00-1.30pm 10.00-1.30pm 10.00-1.30pm 10.00-1.30pm 10.00-1.30pm 10.00-1.30pm 6.30-10.00pm 6.30-10.00pm 6.30-10.00pm 6.30-10.00pm 6.30-10.00pm 6.30-10:00pm 9.30-1.00pm 2.00-5.30pm 9.30-1.00pm 2.00-5.30pm 9.30-1.00pm 2.00-5.30pm 6.30-10:00pm 6.30-10:00pm 6.30-10:00pm 6.30-10:00pm 6.30-10.00pm 6.30-10.00pm

Location Poly U Poly U Poly U Poly U Poly U Poly U CIMA office CIMA office CIMA office CIMA office CIMA office CIMA office CIMA office CIMA office CIMA office CIMA office CIMA office CIMA office CIMA office CIMA office CIMA office CIMA office CIMA office CIMA office

Free CIMA Preparatory course on paper E2 CIMA offers the free E2 preparatory course for all the students who registered for E2 exam in November diet.

Please contact Ms Joanna Cheung at 3741 1957 or email Joanna.cheung@cimaglobal.com for enquiries.

Exam technique workshop for Strategic level and T4 Part B CIMA Hong Kong is going to organise the exam technique workshop for T4 Part B in October and Strategic level in November.

It is aimed at helping students to get well prepare for the upcoming exams. The workshop is hosted by Mr. Samuel Li, CIMA Study Support and Learning Specialist and the workshop will cover useful exam techniques such as time management, good answer planning and other exam tips.

Date:

Time: Venue: Fee: Registration: Enquiries:

Thursday 11 October 2012 (T4 Part B) Thursday 1 November 2012 (Strategic level) 7.00 â&#x20AC;&#x201C; 8.30pm CIMA Hong Kong Office, 2005, 20/F Tower One, Times Square, Causeway Bay Gratis Please email your name and contact ID to Joanna.cheung@cimaglobal.com 3741 1957 CIMA Hong Kong Newsletter September 2012

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STUDENT SERVICES Advanced Notice – Minor changes to syllabus for F1 and F2 examinations from May 2013 onwards The syllabuses for both Papers F1 – Financial Operations and for F2 – Financial Management include International Accounting Standards (IASs) and International Financial Reporting Standards (IFRSs) as examinable topics.

Minor changes to the F1 syllabus: The following International Financial Reporting Standards (IFRS) have been added to the indicative syllabus content for syllabus section C: Financial Accounting and Reporting, lead learning outcome (1): IFRS 10: Consolidated Financial Statements IFRS 12: Disclosure of Interests in Other Entities IFRS 13: Fair Value Measurement (to the extent that their provisions are relevant to the specified learning outcomes) Minor change to indicative syllabus content syllabus section C: Financial Accounting and Reporting for lead learning outcome (2) for F1: IAS 1 (as amended): Presentation of Financial Statements Minor changes to the F2 syllabus: The following International Financial Reporting Standards (IFRS) have been added to the indicative syllabus content for syllabus section A: Group Financial Statements, lead learning outcome (1): IAS 1 (revised): Presentation of Financial Statements IAS 27: Separate Financial Statements (2011) IFRS 10: Consolidated Financial Statements IFRS 11: Joint Arrangements IFRS 12: Disclosure of Interest in Other Entities IFRS 13 Fair Value Measurement The following International Financial Reporting Standards (IFRS) have been added to the indicative syllabus content for syllabus section B: Issues in Recognition and Measurement, lead learning outcome (2): IAS 19 Employee Benefits (2011) IFRS 13 Fair Value Measurement Candidates sitting Paper F1 and/or Paper F2 are advised to check content of the website for the International Accounting Standards Board. This website provides useful summaries of all extant Standards as well as details of current developments and ongoing projects: http://www.ifrs.org/

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CIMA Hong Kong Newsletter September 2012

HONG KONG PAST EVENT CPD Seminar on Unveiling IFRS 3- Purchase price allocation Another successful CPD seminar was held on 31 August. This seminar explains about the importance of IFRS 3 â&#x20AC;&#x201C; purchase price allocation, in relation to how corporate mergers and acquisitions (M&A) constitute an essential part of recent business activities. We invited Ms Stella Law, Director of CBRE who specialises in valuation of business and intangible assets and possesses over eight yearsâ&#x20AC;&#x2122; experience in the industry to be the speaker. The seminar attracts over 60 participants and it was held in a convenient place in Central, special thanks to the venue sponsor by CBRE.

OTHER PAST EVENTS AND ENGAGEMENTS The North Asia Regional Board met for their quarterly meeting

5 July 2012

Staff attended the Greater China Talent Management Summit 2012

6 July 2012

Staff conducted a career seminar in HKU Space

10 July 2012

Staff conducted a Practical Experience Requirement workshop

10 Jul 2012

Staff attended the joint seminar organised with CGA

11 July 2012

Staff attended the MBS business summit 2012

12 July 2012

CIMA participated in the MBA Expo organised by A-performers

12 July 2012

Staff attended the cocktail reception organised by the Institute of Accountants Exchange Anniversary.

16 July 2012

Staff conducted a career seminar in HKU Space

21 July 2012

Staff conducted a new student induction seminar.

16 Aug 2012

Staff conducted a Practical Experience Requirement workshop.

21 Aug 2012

Staff attended the North Asia all staff conference

22-24 Aug 2012

Staff conducted a new student induction seminar.

30 Aug 2012

CONTACT US CIMA Hong Kong Office 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)

CIMA Hong Kong Newsletter September 2012

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