CIMA Hong Kong newsletter April 2013 by Chartered Institute of Management Accountants

HONG KONG

UPCOMING EVENTS CIMA supports the Knowledge Management for Business Opportunities and Challenges with Cloud Technologies seminar Jointly organised by CMA Canada (BC Hong Kong Branch) and the Knowledge Management and Innovation Research Centre of The Hong Kong Polytechnic University, this talk will provide an update on the development of Knowledge Management and associated tools in the past decades. In recent years, Web 2.0, social media and the Cloud have a profound effect on knowledge sharing and collaboration, especially in the form of bottom-up ubiquitous sharing, the viral effect, and harnessing of micro-expertise and collective wisdom. With plenty of examples and cases for illustration, this seminar sheds light into how knowledge work is being carried out now and in the near future. Date: Time: Venue: Language: Fee: CPD: Registration: Speaker:

Saturday 27 April 2013 11.00am – 12.30pm R601, PolyU Main Campus, Hung Hom, Kowloon, HK English HKD120 for CIMA students and members 1 hour Please email to Joanna.cheung@cimaglobal.com with your Name, CIMA ID and Telephone number. The cheque should be payable to: Chartered Institute of Management Accountants and send to Room 2005, 20/F, Tower 1, Times Square, Causeway Bay, HK Professor Eric Tsui, Associate Director of Knowledge Management and Innovation Research Centre of PolyU

Joint CPD networking seminar – Accounting and Financial Dispute Resolution Accountants always focus on balancing figures and believe numbers do not lie, people do. Mediators focus on problem solving, they would like to know the causations and impacts of the figures on the balance sheet and would diagnose the concerns and interests behind the number. This seminar introduces to you what is mediation and how an accountant-mediator can enhance their business and resolve disputes over figure. This is a joint seminar organised in conjunction with CPA Australia and HKU SPACE. Date: Time: Venue: Language: Free: CPD: Registration: Speaker:

Monday 6 May 2013 6.30pm – Cocktail reception 7.15pm – Seminar Room 204, 18 Admiralty Centre, 18 Harcourt Road, HK Cantonese Gratis 1 hour Please email to joanna.cheung@cimaglobal.com with your Name, CIMA ID and Telephone number. Mr Wui-Kei, Roy, Managing Consultant of ISE Consultants Ltd and the Director of Hong Kong Institute of Mediation

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 8 May 2013 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 hongkong@cimaglobal.com CIMA Hong Kong Newsletter April 2013

APRIL 2013

UPCOMING EVENTS CIMA supports Finance Transformation for Effective Performance Management & Risk Governance conference The financial crisis and economic challenges in recent years have reshaped the global business environment, expanding the roles of the finance function. Not only do finance professionals have to improve their processes through advanced performance management, the added responsibility of risk governance is taking a toll on them. With a shift in focus from pure transactional efficiency towards more strategic, higher value-add functions, finance has to be relooked at from an organisational process, system and people perspective. The need for finance transformation has never been greater. Date: Time: Venue: Language: Fee: Registration: Enquiries:

Monday 13 & Tuesday14 May 2013 9.00 am – 5.10 pm Regal Hong Kong Hotel English Early Bird: S$1,895, Regular Fee: S$2,195 Please register online http://www.conferences.com.sg/fd1123FTemail.htm For more information, please contact Karen Soh at karen@conferences.com.sg or Daphne Poon at daphne@conferences.com.sg

NEWS Corporate Social Responsibility and Innovation in Management Accounting This study develops a conceptual framework to illustrate how sustainability issues are embedded in management control systems (MCS) to operationalise firms’ corporate social responsibility (CSR) objectives and strategies. In 2006 Porter and Kramer categorised firms’ CSR activities into Responsive and Strategic CSR agendas. Drawing upon this categorisation this framework emphasises that different uses of MCS must be adopted to effectively operationalise different CSR agendas. Boundary systems and diagnostic uses of budgets and performance management systems are more pertinent to operationalising Responsive CSR agendas, whereas the belief system and interactive uses of MCS are more effective in facilitating the selection and implementation of Strategic CSR programmes. This study provides empirical evidence on the different types of Responsive and Strategic CSR programmes in two Chinese State-owned Enterprises. Our empirical data sheds light on the role of MCS in implementing CSR strategies at these firms.

Business leaders talk risk and innovation Business leaders from top global companies talk about how they balance risk and innovation. Doug Bonthrone from Coca-Cola, Priyan Fernando from American Express, Bob Laux from Microsoft and Simon Henry from Royal Dutch Shell discuss how risk and innovation can be shaped by management accountants. (you must log on with your CIMA Contact ID and password).

HOT JOBS FOR THE MONTH 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.

CIMA Hong Kong Newsletter April 2013

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 English Please email your name and contact ID to Joanna.cheung@cimaglobal.com 3741 1957

Strategic level pre-seen material available The Strategic level pre-seen materials of May and September exams could be downloaded now from the CIMA global website by clicking here.

Admission advice If you have entered for the exams online, you can print off your admission advice from April 15 onwards. 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.

Exam technique workshop for Strategic level and T4 - Part B CIMA Hong Kong is going to organise the exam technique workshop for the Strategic level and T4 - Part B in May. 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 Manager 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:

Friday 3 May 2013 (Strategic level) Thursday 9 May 2013 (T4 Part B) 7.00 – 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

HONG KONG PAST EVENTS CIMA Spring cocktail reception and 1st CGMA Anniversary To celebrate the beginning of the year of Snake and the first year of CGMA anniversary, CIMA Hong Kong and Our branch committee organised a cocktail reception at the British Consulate General on 22 February 2013. It was our greatest honour to have Mr Paul Lynch,British Consul General, attending the event and as our officiating guest. After the welcome speech delivered by Mr Paul Lynch and our branch chairman, Dr Li Wing Sun, the branch committee gave a toasting to all. This was followed by a lucky draw which gave lucky surprises to members and guests. The participants all enjoyed the joyful moments that evening. CIMA Hong Kong Newsletter April 2013

HONG KONG PAST EVENTS CPD seminar: Sustainable Cost Control Being the first CPD networking seminar in the year of Snake, CIMA invited Mr Francis Rowlands, FCMA to deliver a presentation focused on sustainable cost control. The seminar explores the ‘Pick & Mix’ approach to costing systems and techniques to achieve the most practical benefits for the business. It attracted nearly 60 participants. The seminar started off with a networking cocktail reception and followed by one and half hour of the seminar.

CIMA Annual dinner CIMA Hong Kong Branch hosted its annual dinner on Monday 25 March 2013 in the elegant setting of the Hong Kong Bankers Club. To mark this special occasion, we were honoured to have the CIMA President, Mr Gulzari Lal Babber to be with us. The event commenced with the welcome speeches by Miss Amy Lam, Deputy Chairman of the CIMA Hong Kong Branch. The night was full of awards and games, to round off the evening there was a lucky draw with the grand prize of an Apple iPad mini. To see more photos of the event please login to your facebook, add CIMA HK as friend and then click here.

CIMA booth at the Education & Career Exhibition 2013 Staff conducted an information session at CUSCS Staff conducted an exam technique workshop for T4 Part B Staff conducted an induction seminar for CIMA new students Staff conducted a talk on the GBC at Open University Staff attended the Spring cocktail reception of SCAA Staff conducted an information session at CUSCS Staff conducted a talk on the GBC at HKBU and CityU Staff conducted a talk on the GBC at CUHK Staff conducted a talk on GBC at HKU Staff conducted a talk on GBC at LU Staff conducted a talk on GBC at UST Branch Chairman Dr WS Li and staff attended the Spring cocktail reception of HKICPA Branch Deputy Chairman Ms Amy Lam and staff attended the Spring cocktail reception of ACCA Staff conducted a talk at CUHK CIMA members participated in the Wine and Food Pairing workshop jointly organised with CMA Can. Branch Chairman Dr WS Li and staff attended the Annual dinner of AIA

31 Jan – 3 Feb 2013 2 February 2013 6 February 2013 7 February 2013 15 February 2013 19 February 2013 19 February 2013 22 February 2013 25 February 2013 28 February 2013 1 March 2013 5 March 2013 5 March 2013 7 March 2013 13 March 2013 16 March 2013 22 March 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)

CIMA Hong Kong Newsletter April 2013