Hong Kong Network News - November 2012

HONG KONG

UPCOMING EVENTS CIMA supported event “2012 ACFE Asia-Pacific Fraud Conference” CIMA members could enjoy member conference rates for the 2012 ACFE Asia-Pacific Fraud Conference. It offers the region’s most comprehensive anti-fraud training. This year, ACFE, the world’s largest anti-fraud organisation and premier provider of anti-fraud training and education, brings together an outstanding speaker line-up that promises the latest anti-fraud techniques, trends and best practices from the region’s industry leaders at this meeting.

Date: Venue: Fee: Organiser: Registration: Enquiries:

Sunday 4 to Tuesday 6 November, 2012 Kowloon Shangri-La, Hong Kong USD 1250 (Use promotional code AP12CIMA during registration) Association of Certified Fraud Examiners (ACFE) Please contact the ACFE Asia-Pacific Office at (+65) 6411 6696 or acfe2012@mci-group.com For more information, please visit here

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 14 November 2012 1.00pm – 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@cimaglobal.com

CIMA China Awards Ceremony 2012 & CFO Forum As the world’s leading and largest professional body for management accountants, CIMA has, since it’s entering into China market, been striving to improve the governance of Chinese enterprises, promote the best practices of management accounting and increase the performance of Chinese corporations. CIMA has also initiated the CIMA Annual Awards, dubbed as the “Finance Oscars”.

Date: Wednesday 14 November 2012 Time: 12.30pm - 9.00pm Venue: 1/F Huaxia Hall, Shanghai International Convention Centre, Shanghai Fee: RMB1,980 (Gratis for CIMA members) Registration: Please register online Enquiries: For more information, please visit here or email Larry Zhang at larry.zhang@cimaglobal.com com

CIMA Hong Kong Newsletter November 2012

NOVEMBER 2012

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UPCOMING EVENTS Joint CPD networking seminar “Kaplan & Norton: Contemporary Performance Management” The Balanced Scorecard is 20 years old. To mark the occasion the inventors of the Balanced Scorecard; Professor Kaplan and Dr Norton will be kicking off a series of special CIMA events. The “Kaplan & Norton: Contemporary Performance Management” series will head out to Hong Kong on 27 November 2012 at the Hong Kong University – SPACE. Date: Time:

Venue: Fee: Language: CPD: Speakers:

Registration:

Tuesday 27 November 2012 6.30pm – 7.15pm Cocktail reception 7.15pm – 9.15pm Seminar Room 205, Hong Kong University – SPACE, Admiralty Centre, Admiralty, HK Gratis English 2 hours Mr William Chu, FCMA, CGMA – Manager, PRC Development of CLP Ms Irelan Tam, FCMA, CGMA – Regional Finance Director of Johnson & Johnson Medical Asia Pacific Please register online on or before 19 November 2012

CIMA supports ACT CPD and Cash & Treasury Management Conference The ACT is the world’s leading professional body for international treasury. CIMA members could enjoy networking lunch and half-day programme with the treasury and finance professionals from across the region to share knowledge and expertise. As the role of the treasurer becomes increasingly influential on corporate strategy, join the ACT’s global professional network and be a part of treasury leadership in action!

Date: Time:

Venue: Fee: Language: Registration: Enquiries:

Monday 3 December 2012 5.45pm - 6.30pm Registration and networking 6.30pm - 6.50pm Introduction from Bloomberg 6.50pm - 7.45pm CPD talk: The increasing significance of corporate treasury Bloomberg, 27/F, Cheung Kong Center, 2 Queen’s Road Central, Hong Kong Gratis English Please register online For more information, please visit here

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

Tuesday 4 December 2012 12.30pm – 6.00pm ACT Cash & Treasury Management Conference Bloomberg, 27/F, Cheung Kong Center, 2 Queen’s Road Central, Hong Kong HKD 1200 (Gratis for CIMA members not from banks, FIs and consultancies) English Please register online For more information, please visit here

CIMA supports Asian Financial Forum Seeing the lingering sovereign debt crisis in the Eurozone, a tepid recovery in the US, and the slowdown in emerging markets continue to have profound impact on the global economy, today and tomorrow. The 6th Asian Financial Forum (AFF) will focus on how Asia can provide fresh impetus to world recovery, and what business strategies companies may adopt under this new economics order.

Date: Venue: Fee: Language: Registration: Enquiries: 2

Monday 14 and Tuesday 15 January 2013 Hong Kong Convention and Exhibition Centre HKD 2960 (60% discount for CIMA members please use registration code MFS01S) English Please register online For more information, please visit here

CIMA Hong Kong Newsletter November 2012

NEWS Elections to CIMA council Notice is given that, as the term of office of the council member in each of the following CIMA electoral constituencies (EC) expires at the end of the AGM in June 2013, elections will be held in February 2013. Nominations for candidates (fellows) to fill the vacancies (see below) may be made by six or more members (three of whom must be fellows) whose registered addresses are in the EC concerned.

EC EC 1 EC 2 EC 3 EC 4 EC 5 EC 6 EC8 EC9 EC10 EC 11 EC12 EC14 EC15 EC16 EC17 EC18 EC19 #

Region Central London and North Thames South West England and South Wales East Midlands and East Anglia West Midlands North East England North West England and North Wales Northern Ireland Republic of Ireland West, Central?and Southern Africa Central Southern England South East England South Asia North Asia# South East Asia Europe, North Africa and Middle East The Americas Australasia

Current member A P Bainbridge Spring S B Parsons G M Makepeace D Barnes T Hassall* D Stanford S McCue T O’Connor Y D C Tarr P J Adams* W F Rowlands* N Jayasinghe* K C Chan* Y C Lee* H Parker H M S Wickramasinghe C Panditharatne

North Asia region includes Mainland China, Hong Kong, Japan, Kazakhstan, Macau, Mongolia, North Korea, South Korea, Taiwan, Tajikistan, Turkmenistan, Uzbekistan

* Members who have indicated they do not wish to stand again

A member of CIMA Council may be considered as the equivalent of a Non-Executive Director. The period of office of an elected member of the Council is 3 years. The Council usually meets 4 times a year and additional holds an AGM and a Strategy Session. All reasonable expenses (travel, accommodation, meals etc.) incurred in the fulfilment of the role of Member of Council, will be reimbursed.

Forms and information Download the nomination form (Word 118KB) Guidance notes on the role of a member of council (PDF 28KB) Principles for the completion of nominations forms and for the conduct of elections (PDF 45KB) Completing your nomination Nominations must be received on the nomination form by 12 noon on Monday 7 January 2013, and should be clearly marked for the attention of the Head of Corporate Affairs at 26 Chapter Street, London SW1P 4NP (contact Maggie Heasman, +44 (0)20 8849 2235 or maggie.heasman@cimaglobal.com).

Recommend CIMA to a friend, Share the benefits of CIMA and get rewarded!

For every friend you recommend who then signs up as a CIMA student, you will receive 25 GBP worth of credit in your CIMA account. As your own subscription for 2013 can now be renewed, your credit could be used towards your subscription fees.

Your friend will also be able to register for just 70 GBP and will pay no subscription fee until 2014.

For more details, please click here

CIMA Hong Kong Newsletter November 2012

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NEWS Assessors wanted for the 2013 Global Business Challenge competition The CIMA Global Business Challenge (GBC) is a unique international business competition developed with the aim of discovering and nurturing undergraduates around the world to become the future business leaders. Its success has made it one of CIMA’s annual flagship events and 2013 will be the fifth Global Business Challenge to date.

The competition is based on the CIMA T4 final exam. Participants are to write a business report based on the given scenario and the winning team will represent its university and Hong Kong to compete against representatives from other 24 regions at the global final in South Africa.

Reports submitted in March will be marked by a panel of assessors who are CIMA members. Each assessor would need to mark around 10 reports and a briefing session would be given on how the marking should be done. After the marking of assessors at the first stage of competition, five teams will be shortlisted in April to proceed to the Hong Kong regional final in June.

With the rigours marking from previous HK assessors, two of GBC finals have been won by a Hong Kong team. So if you want to share your management accounting experience and be part of selecting the team that represents Hong Kong, become an assessor by contacting Cherry Chu for more details at cherry.chu@cimaglobal.com or 2511 2003.

Strategy mapping tool Strategy maps allow organisations to describe and communicate their strategies succinctly to close the gap between creation and successful implementation of strategy.

Pioneered by Balanced Scorecard founders Robert Kaplan and David Norton, strategy mapping is an effective and powerful initiative that can help keep a company at its competitive peak.

The tools, techniques and steps provided in this guideline enable organisations to effectively and efficiently conduct their own strategy mapping initiative and to implement strategy where others have failed.

This tool provides an integrated view of the development of a strategy map through the following steps: 1. Specify an overriding objective 2. Choose the value proposition 3. Choose the financial strategies 4. Choose the customer strategies 5. Execute through the internal perspective strategies 6. Plan the learning and growth strategies

The changing role of finance: Chris Ling, British Gas Chris Ling, Financial Controller from British Gas, discusses some of the key trends from the recent CGMA report ‘New skills, existing talent – the new mandate for finance professionals in supporting long-term business success.’

Chris provides perspectives on the increasing remit and support that finance provides the organisation, the drivers and possible barriers that may exist in some organisations in fulfilling this broadening mandate. He also shares his views and experience with regards to how this is impacting on the skills and behaviours that finance professionals require to effectively perform such an expanding role.

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CIMA Hong Kong Newsletter November 2012

The CIMA Global Business Challenge (GBC) is a unique international business competition developed with the aim of discovering and nurturing undergraduates around the world. Its success has made it one of CIMA’s annual flagship events.

2013 sees the fifth Global Business Challenge to date. Participants will first compete within the Hong Kong region, where the winning team will take up the challenge to compete with representatives from other countries.

In the Hong Kong regional final last year over 600 undergraduate participated from all universities in Hong Kong. In total the competition reached out to over 20,000 students via posters, e-mails and the websites.

Why should you sponsor the Global Business Challenge?

Talent acquisition  Opportunity to target some of the most outstanding students in Hong Kong;  Engage with future business leaders directly over the entire period of the campaign, including seeing your team compete at the global final.

Increase brand awareness  Benefit from extensive brand awareness across our promotion campaigns;  Positive association with CIMA – we have been awarded special status as a business-to-business Superbrand;  Ensure greater cut through for your brand by bringing to life your communication message.

Corporate Social Responsibility and Diversity  Make a difference by developing finance professionals in Hong Kong;  Take a proactive approach to developing diversity throughout your organisation.

If you are interested in offering sponsorship or internships please contact Birdy Ng at birdy.ng@cimaglobal.com or call 37411956.

CIMA Hong Kong Newsletter November 2012

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NEWS New payment methods CIMA now offers a variety of payment options to suit your needs.

Pay online with a debit or credit card by logging in to your MY CIMA account.

We accept VISA, MasterCard or American Express Call our global 24/7 payment hotline and pay with a debit or credit card Call +44 (0) 20 8602 0861 This is an automated service. Ensure you have your customer payment reference number ready. You can find this number on the top of your financial statement in your MY CIMA account.

Call CIMA Contact on +44 (0)20 8849 2251 and pay with a debit or credit card Send a cheque, money order, UK postal order or sterling bank draft, made payable to CIMA. Write your name and contact ID on the back of your cheque and send it, together with a copy of your invoice and a remittance advice to CIMA, Unit 2005, Tower One, Causeway Bay, Hong Kong

STUDENT SERVICES Online ask a tutor session for November exams To get you geared up for November exams we will be running live Ask a Tutor events right here on the CIMAsphere homepage www.cimasphere.com. Turn up at the time below, ask your questions and the tutor / CIMA will answer as many questions as possible.

• E1 – Friday 16th November, 11am-12noon BST • F1 – Monday 5 November, 11am-12noon BST • P2 – Friday 9 November, 1pm-2pm BST • F2 – Tuesday 13th November, 11am-12noon BST • E3 – Friday 9 November, 11am-12noon BST • P3 – Tuesday 6 November, 11am-12 noon BST • F3 – Tuesday 6 November, 1pm-2pm BST

T4 - Part A (Professional Experience Record PER) 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 4 December. The workshop will be hosted by Mr. Richard Kenworthy, former assessor of the membership application and Mr. Samuel Li, ACMA, CGMA, Study Support and Learning Specialist.

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

Tuesday 4 December 2012 7.00 – 8.30pm CIMA Hong Kong Office, 2005, 20/F Tower One, Times Square, Causeway Bay English Gratis Please email your name and Contact ID to Joanna.cheung@cimaglobal.com 3741 1957

Admission advice If you have entered for the exams online, you must print off your admission advice online. The admission advice shows the exact details of your exam centre, as well as the exams you will be sitting. You must take the admission advice to your exams and keep it safely afterwards, because it contains your candidate numbers. You must also download and read the exam rules from the website when you download your admission advice. Please login to “MYCIMA” account and download the admission advice.

For any questions, please contact Ms Joanna Cheung at 3741 1957.

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CIMA Hong Kong Newsletter November 2012

OTHER PAST EVENTS AND ENGAGEMENTS CFO Innovation Asia Forum On 19 September CIMA participated in the CFO Innovation Asia Forum ‘Steady Growth Amidst Turbulence: Visions and Opportunities’ held in Mira hotel.

This event attracted over one hundred senior finance executives from various companies and, through exhibiting a booth, CIMA was able to promote the brand as well as our thought leadership work and other training/recruitment services to these senior finance professionals. We had staff from both HK and South China joining the exhibition and it was a great pleasure to see several CIMA members attended the event.

Assessors wanted for the 2013 Global Business Challenge competition

63rd National Day Celebration Dinner 2012 The Accountants National Day dinner is one of the accounting professions biggest events in Hong Kong. As with previous years CIMA was one of the co-organisers of the event.

Over 1,000 accountants celebrated the Chinese national day and was a great opportunity to establish network with members of other accounting bodies. The guests of honour of the event was Professor K C Chan, Secretary for Financial Services and the Treasury and representing CIMA were Branch Committee members.

Insights into the future of finance Peter Simons our Technical Specialist at CIMA flew into Hong Kong to be our guest speaker on 15 October. He highlighted that in today’s environment finance role has widened due to a drive for efficiency. This has led to a shift in skills required to meet the transforming function. The event was well attended with over 50 attendees where they were also able to have a short network session before the event at the bar at the Mariners Club in TST. In addition to this event, Peter together with another Technical Specialist Naomi Smith conduct a roundtable with some leading employers to understand the sills requirements in the finance function in preparation for our 2015 syllabus review.

Staff attended HKICS Biennial Corporate Governance Conference 2012 Staff conducted the seminar at CU SCS Mr Richard Kenworthy, CIMA HK Branch President attended the annual dinner organised by CGA – Hong Kong Staff attended the seminar of Accountability and Sustainability at the Hong Kong Polytechnic University A CIMA Hong Kong Branch meeting was held.

5 and 6 October 2012 10 October 2012 18 October 2012 25 October 2012 26 October 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 November 2012

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CIMA Hong Kong Newsletter November 2012

CIMA Hong Kong Newsletter November 2012

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