CIMA IRELAND NETWORK NEWS · Fiona Arnold, Student Progression Manager, CIMA; Terence Lawless, CIMA...

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NEtwork NEwS | AUtUMN 2014

CIMA IRELANDNETWORK NEWS

FRANK NOLAN Message from the Chair

BIG DATA CONFERENCE 2015 conference update

THE DIGITAL PRACTICE by Ray Baxter

BSTAI SCHOOLS QUIZ Full report from the competition

Summer 2015

Network NewS | SUMMer 2015

CoNtENtS

Welcome 03

Tutoroftheyear2014announced 04

CIMA2015GraduationCeremony 04

CIMArevampsaccreditationschemefortuitionproviders 05

October2015membershipapplicationsession 05

UndergraduateCIMAAchievementofExcellenceAwards 06

UndergraduateCIMAAchievementofExcellenceAwards,academicyear2013-2014 07

ToptenstudentscombinedMarchandMay2014sitting 08

ToptenstudentscombinedSeptemberandNovember2014sitting 08

CIMA’sinnovative2015professionalqualificationsyllabus 09

SouthernareahostsCGMABigDataConference 10

TheDigitalPractice-TopTenTipsbyRayBaxter 11

CIMAIreland/BSTAISchoolsJuniorCertBusinessQuiz 12

IrishfinalofGlobalBusinessChallenge 14

CCAB-Iinauguralall-Irelandmatrixaccountancygolftournament 14

Increaseyourcompanyvisibilityandrevenuewhilsthelpingthefightagainstcancer 15

Areanews 16

GrantThorntontraineefirstinIrelandforE3enterprise 17

CGMAconferencetoaddressdataanalyticsforNIbusinesssector 17

CIMAIrelandBenevolentFund 19

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NEtwork NEwS | SUMMEr 2015

wELCoMEA message from CIMA Ireland ChairFrank Nolan FCMA, CGMA

WelcometothesummerissueofNetworkNews.Iwouldparticularlylike

towelcomeandtocongratulateournewlyqualifiedCIMAmembersmany

ofwhomattendedtherecentgraduationceremonyinTrinityCollege.As

Icompletemyterm,asChairofCIMAIreland,Ihavebeenstruckbythe

extensivereachoftheinstituteinternallyamongthe8,300membersand

studentshipbase,andexternallyacrossourkeystakeholders.

Asaninstituteweplacegreatimportanceonthevalueofactive

participationandrelationshipbuildingasameanstoadvancing

individualcareers,promotingthevaluesintrinsictoCIMAasa

professionalbodyandensuringthatwearealignedwithandinputting

onourstakeholdersneeds.Thishasbeenacentralplankinestablishing

andmaintainingCIMA’sauthoritativepositioningofitsmembersandthe

provisionofappropriatelytrainedandqualifiedcharteredmanagement

accountantsthatsupportanddriveeconomicgrowthacrosstheisland

ofIreland.

Ourcomprehensivestakeholderengagementprogrammeunderpinsthe

reputationofCIMAIrelandacrosstheeducator,theemployer,thestudent,

therecruiterandthepolicymaker.Thisengagementprogrammeincludes

theCIMABuddyNetworkcomprisingCIMAmembersinmiddletosenior

managementpositionsinbusiness;CIMAAdvocates’Networkwhich

extendstoallbusinessschoolsthroughoutIreland;CIMAGrapevine,a

specialistnetwork,tosupportcareerguidancecounsellors;CIMAMentors;

CIMAIrelandUSFDIForumandmore.Thisisunderpinnedbyeachofthe

fourareaboardsthroughareaspecificinitiatives,theCIMAIrelandboard

andCIMAmembersrepresentingtheinstituteonexternalcommittees.

Atregionallevel,theSouthernareaboardhostedtheBigData

conferenceinpartnershipwithCIT,andsponsoredbyITmultinational

EMC.TheCGMAconferenceconsideredtheconclusionsoftworecently

publishedCGMAreportsonpreparingfor,andtheimpactof,bigdata

fromtheperspectiveofIrishbusinessandfinancialservices.Thisevent

willbereplicatedbytheNorthernareaboardinJune.Thewestof

Ireland’sregularbreakfastandeveningeventsacrossMayo,Limerick,

SligoandGalwaywereaugmentedwiththeadditionofaSaturday

morningpresentationandlunchtimewebinar.TheCIMAGlobalBusiness

Challenge,undertheauspicesoftheEasternareaboard,willtakeplace

inJune.AsalwayseacharearunsacomprehensiveprogrammeofCPD

andsocialevents.Foreventdetailsinyourlocalareapleaseclick

www.cimaglobal.com/irelandevents

WehavealsojustcompletedtheCIMA/BSTAIJuniorCertBusiness

competitionwhichwillbefollowedshortlybytheabovementioned

GlobalBusinessChallengeandwhichprovidesanintroductiontoCIMA

forstudentsandtheireducators.

CIMAstudentscontinuetoperformextremelywellinexamsincluding

placingsatgloballevel.Iwould,therefore,liketocongratulateallof

thosewhohavedonesowellandtoencourageCIMAstudentskeepup

themomentumandhardworkwhich,asourrecentgraduatesconfirmed,

istimewellinvestedinyourcareer.

Finally,Iwouldliketowishallofthemembershipandstudentscontinued

successandremindyoutoactivelyparticipateinyourinstitute.

FrankNolanFCMA,CGMA

CIMA Ireland Chair

I have been struck by the extensive reach of the institute internally among the 8,300 members and studentship base, and externally across our key stakeholders.

Our comprehensive stakeholder engagement programme underpins the reputation of CIMA Ireland across the educator, the employer, the student, the recruiter and the policy maker.


TerenceLawless,CIMAP2LectureratDublinBusinessSchoolhasbeen

awardedtheCIMATutoroftheYearfor2014.Theaccoladefollowsthe

resultsofthecombinedMarch/MayandSeptember/November2014

sittingsinwhichPaulCunningham,whosattheCIMAPerformance

Management(P2)attheNovember2014sittingachievedaglobal

rankingof3rdintheworld.Thisisthehighestglobalrankingachieved

byanyIrishstudentlastyear.

Picturedatthepresentationoftheannouncementoftheawardwere

FionaArnold,StudentProgressionManager,CIMA;TerenceLawless,

CIMAP2Lecturer,DublinBusinessSchoolandCIMATutoroftheYear

andDarrenBrien,AcademicFacultyManager,DublinBusinessSchool.

ThegraduationceremonyfornewlyadmittedCIMAmemberstook

placeonFriday8May2015atTrinityCollegeDublin.Thegraduation

ceremonywasaddressedbyguestofhonourTrinityProvost,Dr

PatrickPrendergastwithmembersofthecurrentCIMAIrelandboard

alsoinattendance.Fortyninenewlyqualifiedmembersattendedthe

CIMAannualgraduationceremonyintheprestigiousDiningHallof

TrinityCollegeDublin.

Theceremonywasacelebrationinrecognitionforthehardworkand

commitmentleadingtothenewlyqualifiedmembersreceivingthe

designationACMA,CGMA.InadditionanumberofCDIFgraduates

werealsorecognisedattheeventwithNiallHennessy,FCMA,CGMA

actingasMasterofCeremonies.

tUtor oF tHE YEAr 2014 ANNoUNCED

CIMA 2015 GrADUAtIoN CErEMoNY

the graduation event for newly qualified CIMA members was held at trinity College Dublin where keynote speaker was Dr. Patrick Prendergast, Provost and President, trinity College pictured second from left with Professor Andrew Burke, Dean of the Business School and Chair of Business Studies, Sheila Lewis, Deputy Chair, CIMA Ireland and Denis McCarthy, CIMA Ireland Director.

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Calling all students who are thinking about and are ready to sit their T4B exams. Did you know you can apply for membership now?

Meaningthatwhenyoucompleteandpassyourfinalexamyoucan

automaticallybecomeamember.Youwillneedtoapplyandbookfor

theupcomingmembershipapplicationsessionwhichistakingplace

intheCIMAIrelandheadofficeon3October2015.

Ourface-to-facemembershipassessmentsessionsgiveyouthe

chancetogainmembershipinjustonehour.There’snoneedto

submitanydocumentsinadvance:simplybringthemalongwithyou

andgetaresultonthesameday.

InJanuarythisyearCIMA,relaunchedGlobalLearning,its

accreditationschemefortuitionproviders.TherevisedCIMAGlobal

Learningschemenowfeaturesthreeaccreditationlevels:CIMA

GlobalLearningPartner,CIMAGlobalLearningAdvancedPartnerand

CIMAGlobalLearningPremiumPartner.

TheCIMAGlobalLearningPartnerdesignationisintendedfornew

providersandthosewhoarelookingtobeginteachingCIMA.Existing

providerswhooffergoodstandardsoftuitionwillbeabletoapply

fortheCIMAGlobalLearningAdvancedPartnerdesignationwhile

thoseproviderswhodemonstrateon-goingbestpracticeandleading

exampassrateswillbeabletoapplyfortheCIMAGlobalLearning

PremiumPartnerdesignation.

FionaArnold,StudentProgressionManager,CIMA,said:“By

launchinganewglobalsetofstandardsandaccreditations,CIMA

ishelpingstudentstomakeinformeddecisionsabouttheirchoice

oftuitionproviderwhilealsosupportingourlearningpartnersin

attractingstudentsanddeliveringthebeststandardsofeducation.

TherevisedCIMAGlobalLearningSchemeallowsustocollaborate

withcourseandtrainingproviders,includingthosewhoaresmaller

andnewlyestablished,toincreasetheavailabilityandqualityof

CIMAexamtraining.Indoingso,ourultimateaimistosupportour

studentsinfulfillingtheirpotential.”

Alllearningpartnerswillreceivetargetedsupportandmarketing

collateralappropriatefortheirdesignationandwhereapplicable,the

encouragementandhelptoprogresstothenexttier.Toenhance

qualityassurance,providerswillreceivedatedannualcertificatesand

maybemovedupordownthelevelswhereappropriate.

oCtoBEr 2015 MEMBErSHIPAPPLICAtIoN SESSIoN

CIMA rEVAMPS ACCrEDItAtIoN SCHEME For tUItIoN ProVIDErS


UNDErGrADUAtE CIMA ACHIEVEMENt oF EXCELLENCE AwArDSAcademic Year 2013-2014

Institute of Technology BlanchardstownStudent Derek Coyle, Bachelor of Business Accounting Degree with Mr. Colm Murphy CIMA

Limerick Institute of TechnologyMary Dullaghan, western Area Chair with Ms Hoi Yin Chan prize winner BB Hons in Accounting and Finance, LIt President Dr. Maria Hinfelaar and Ms Mary Jackman, Assistant Chairperson, Governing Body, LIt

Limerick Institute of TechnologyMary Dullaghan western Area Chair with Ms kelly Dalton prize winner Higher Certificate in Business Accounting and Finance along with LIt President Dr. Maria Hinfelaar and Ms Mary Jackman, Assistant Chairperson, Governing Body, LIt

University of Ulsterkevin Gormley, Ian Shannon prize winner BSc Hons Business Studies and Christine wightman, Associate Lecturer in Marketing

Institute of Technology TallaghtMr. Colm Murphy and Marcus wade prize winner BB Degree in Accounting

Dublin City UniversityMr. Colm Murphy, Laura Mary kelly Prize winner BA Accounting and Finance and CIMA AdvocateDr ruth Mattimoe

Athlone Institute of Technology Mr Eoin ross, Head of Department of Business, Mr. Colm Murphy, Ms Aoife rigney prize winner Bachelor Business Studies (ab-initio) and Mr Eoin Langan, Head of School

Athlone Institute of Technology Mr Eoin Langan, Head of School, Mr. Colm Murphy, Ms Patricia Jurkowska prize winner, MA in Accounting and Mr Brendan Doyle, Head of Department of Accounting and Business Computing

Athlone Institute of Technology Mr Brendan Doyle, Head of Department of Accounting and Business Computing, Mr. Colm Murphy, Ms Chu Han Ng prize winner BA in Accounting and Mr Eoin Langan, Head of School

Athlone Institute of Technology Mr Eoin ross, Head of Department of Business, Mr. Colm Murphy, Ms Ava Ananica prize winner, Bachelor Business Studies (add on) and Mr Eoin Langan, Head of School

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College Programme Prize Winner

AthloneInstituteofTechnology BAinAccounting ChuHanNg

AthloneInstituteofTechnology BachelorBusinessStudies(addon) AvaAnanica

AthloneInstituteofTechnology BachelorBusinessStudies(ab-initio) AoifeRigney

BlanchardstownInstituteofTechnology BBAccountingDegree DerekCoyle

CorkInstituteofTechnology BBAccountingDegree NiseiKobayashi

DublinCityUniversity BAAccountingandFinance LauraMaryKelly

GalwayMayoInstituteofTechnology BAHonsAccountingDegree CarolO’Leary

InstituteofArt,DesignandTechnology BAHonsBusinessStudiesandArtsManagement MitziD’Alton

InstituteofArt,DesignandTechnology BBHonsinEntrepreneurship AndriusZecius

InstituteofArt,DesignandTechnology BBHonsinEntrepreneurship(Springboard) PaulineFitzgerald

InstituteofPublicAdministration BBSAccountingDegree DeclanO’Halloran

InstituteofTechnologyTallaght BBDegree-Accounting MarcusWade

LimerickInstituteofTechnology BBHonsinAccountingandFinance MsHoiYinChan

LimerickInstituteofTechnology HigherCertificateinBusinessAccountingandFinance MsKellyDalton

NationalCollegeofIreland BAHonsinAccountingandHRM PadraigO’Keeffe

NationalCollegeofIreland BAHonsAccounting ColmSmyth

NationalCollegeofIreland BAHonsinAccounting JohnKelly

NationalUniversityofIreland,Galway BComm/BCommInternationalProgrammes DavidO’Connell

NationalUniversityofIreland,Maynooth BAFinanceandAccounting MichelleDunne

SligoInstituteofTechnology BAHonsinAccounting SarahBurns

UniversityCollegeCork BCommDegree AoifeO’Sullivan

UniversityCollegeCork BScAccounting/BScFinanceDegree SeanStephenRing

UniversityCollegeDublin BCommDegree SeanTynan

UniversityCollegeDublin BCommDegree HeatherDiver

UniversityofUlster BScHonsAccounting AaronCallaghan

UniversityofUlster BScHonsBusinessStudies IanShannon

WaterfordInstituteofTechnology BBSFinance ConorHartley

WaterfordInstituteofTechnology BBSFinance JamieHunt

WaterfordInstituteofTechnology BAinAccounting EibhilinMorrissey

UNDErGrADUAtE CIMA ACHIEVEMENt oF EXCELLENCE AwArDS, ACADEMIC YEAr 2013-2014


PaperName RankPaperglobal RankallIreland Name

E1EnterpriseOperations 10 first MartinMoore

E2EnterpriseManagement 61 first OlwynHughes

E3EnterpriseStrategy 50 jointfirst TeresaGallagher

F1FinancialOperations 17 first PaulConstant

F2FinancialManagement 5 first PaulCunningham

F3FinancialStrategy 9 first DenisBarry

P1PerformanceOperations 42 first JamesCarton

P2PerformanceManagement 29 first StephanieSweeney

P3PerformanceStrategy 16 first JohnKelly

T4PartBCaseStudyExamination 21 first MariePaulaO’Connor

PaperName RankPaperglobal RankallIreland Name

E1EnterpriseOperations 15 first JamesCarton

E2EnterpriseManagement 14 first JasonMcMullan

E3EnterpriseStrategy 50 first GregorToohey

F1FinancialOperations 16 first AristidisTsoumis

F2FinancialManagement 25 first TonyRoss

F3FinancialStrategy 18 first StephenBracken

P1PerformanceOperations 11 first JamesToomey

P2PerformanceManagement 3 first PaulCunningham

P3PerformanceStrategy 16 first CarolineKelleher

T4PartBCaseStudyExamination 122 jointsecond SineadRelihan

toP tEN StUDENtS CoMBINED MArCH AND MAY 2014 SIttING

toP tEN StUDENtS CoMBINED SEPtEMBEr AND NoVEMBEr 2014 SIttING

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toP tEN StUDENtS CoMBINED SEPtEMBEr AND NoVEMBEr 2014 SIttING

On2January2015,CIMAcommencedtheimplementationofits2015

ProfessionalQualificationsyllabus.

Inresponsetogrowingconcernaboutrisingyouthunemployment

aroundtheworld,CIMAhasproducedaninnovativesyllabusfocusedon

equippingthefinanceprofessionalsofthefuturewiththeskillstomeet

thebusinessneedsoftodayandtomorrow.

Forthequalificationtoremainrelevantandenhancetheemployability

ofmembers,CIMA’sglobalresearchledtothedevelopmentofa

competencyframeworkandanewassessmentprocessaddressingthe

skillsandcompetenciesemployersrequirefromtheirfinanceteam.

Theresearchconductedinvolvedface-to-facemeetingswithleading

organisationsintheUK,US,Ireland,SouthAfricaandMalaysia,

roundtablediscussionsin13countriesandaglobalquestionnaireto

over3,000participants.

Thecompetenciesidentifiedbytopemployersarecoreaccountingand

financeskills,businessacumen,peopleskillsandleadershipskills.This

insighthasbeeninstrumentalincreatingasyllabusdesignedtomeet

theneedsofbothstudentsandemployerstosupportbetterbusiness.

Newtopicareasrelevanttoaccountinginbusiness,suchasmanaging

bigdata,financefunctiontransformationandsustainabilityhave

beenincludedwithintegratedcasestudiesaddedateachlevelofthe

qualificationtoconsolidatelearningandreflectreal-lifeworksituations.

Majorchangeshavealsobeenmadetotheassessmentofcandidates

inlinewithdevelopmentsintheuseoftechnologyineducationand

industry.Studentswillnowbenefitfromonlineassessmentandexams

ondemandthroughapartnershipwithPearsonVUE*,allowingthemto

choosetheirownpaceofprogression.

StudentswhocompletetheCIMAqualificationearntheChartered

GlobalManagementAccountantdesignation,formedbytheAICPA

andCIMAtohighlighttheimportanceofmanagementaccountingin

today’seconomy.

Speakingontheupdatedsyllabus,CharlesTilleyFCMA,CGMA,CIMA’s

ChiefExecutive,said:‘CIMAiscommittedtosupportingthenext

generationofglobalfinanceleadersandensuringthatourmembers

stayattheforefrontofdevelopmentsinthebusinessworldthroughout

theircareers.

‘Whendesigningthe2015syllabus,wesetouttoenhanceitsrelevance

toemployers,toensuretherigouroftherelatedexaminationsandto

alignthelearningexperienceofcandidatestotherealworldofbusiness.

Ifeelwehavesucceededinthis.’

BobWhelan,PresidentandCEO,PearsonVUE,commented:‘Thelength

ofthecontractCIMAhassignedwithusunderlinestheconfidencethe

CIMAteamhasinPearsonVUEtotaketheirprogrammesforwardand

improvetheexperienceandoutcomesforaccountancycandidates.

‘Oneoftheadvantagesofcomputer-basedtestingistheabilityto

createnewanddifferentquestiontypestotestthelearningoutcomes.

Thelearningoutcomesthemselvesandsoundtestdesignareatthe

heartofthisproject.’

Internship programme update:TheCIMAIrelandinternshipprogrammesprovideCIMAaffiliated

employerswithaccesstoapipelineoftalentedstudentsfromIreland’s

leadingbusinessschools.

Fordetailsoftheinternshipprogrammeinyourareapleaseclick

www.cimaglobal.com/internships.

TheCIMAIrelandinternshipprogrammeshavebeenestablishedinclose

collaborationwithbusinessschoolsacrosstheislandofIreland.

Undertheinternshipprogrammes,businessschoolsworkwith

employerstoselectstudentsforplacementinlinewiththespecific

recruitmentrequirementsoftheindividualemployer,toensurethat

placementsmeetthespecificbusinessneedsoftheorganisation.

Participating business schoolsCorkInstituteofTechnology,DublinInstituteofTechnology,DublinCity

University,LimerickInstituteofTechnology,NUIGalway,University

CollegeCork,UniversityofLimerick,UniversityofUlster,Waterford

InstituteofTechnology,Queen’sUniversityBelfast,ITSligo.

CIMA’S INNoVAtIVE 2015 ProFESSIoNAL QUALIFICAtIoN SYLLABUS

One of the advantages of computer-based testing is the ability to create new and different question types to test the learning outcomes.

CIMA is committed to supporting the next generation of global finance leaders and ensuring that our members stay at the forefront of developments in the business world throughout their careers.


Potentially21,000jobscouldbecreatedinthedataanalyticssector

inthenextfouryearsaccordingtoUnaHalligan,Chairperson,

ExpertGrouponFutureSkillsNeeds.Ms.Halliganwasspeaking

attheCharteredGlobalManagementAccountants(CGMA)

conferenceon“BigData”,organisedbyCIMA‘sSouthernareaheld

inpartnershipwithCIT,andsponsoredbyITmultinationalEMC.

TheCGMAconferenceconsideredtheconclusionsoftworecently

publishedCGMAreportsonpreparingfor,andtheimpactof,big

datafromtheperspectiveofIrishbusinessandfinancialservices.

ConferencechairBobSavage,VicePresidentandManagingDirector

ofEMCCentresofExcellenceEMEA,said:“Irelandisamajorglobal

techhub,withahealthyecosystemofmultinationalcompaniesand

governmentsupportforbigdatainitiatives.Nowmorethaneverfor

Irishbusinesses,havingadataanalyticsstrategyisvitaltosuccess

intheglobaldigitaleconomy.Therearehugebenefitsinadopting

dataanalytics,likegranularinsightintoconsumerbehaviourandin-

depthanalysisofmarkettrends.Havingthatadditionalinformation

bringsarealcompetitiveedgetoabusiness.”

DrAislingO’Driscoll,CIT,said:“Eachyear,billionsofgigabytes

ofdataaregeneratedglobally,anamountsolargethatitwould

requireseveralhundredmilliondesktopcomputerstostore.Thanks

toincredibleadvancesindatascience,wecancapture,storeand

analysethisinformationtoprovidevalueintherealworld.In

Ireland,andindeedinCork,therearemyriadopportunitiesfor

businessestotakeadvantageoftheircollecteddatatoincrease

efficiency,productivityandprofit.”

PeterSimon,AuthoroftheCGMAbigdatareports,said:“Relentless

advancesintechnologycontinuetodrivenewwaysofdoing

business.Sofar,suchadvanceshaveimprovedtheprospectsfor

Irishbusinessesandforthosewithhigherlevelskills.

However,thenextwavemaybedifferent.Withbigdataatitscrest,

itholdsthepotentialtochangehowbusinessopportunitiesare

identifiedandhowbusinessdecisionsaremade.CIMAhastherefore

identifiedtheknowledgeandskillswhichwillcreatecareersfor

financeprofessionals,includingmanagementaccountants.”

SoUtHErN ArEA HoStS CGMA BIG DAtA CoNFErENCE

Ireland is a major global tech hub, with a healthy ecosystem of multinational companies and government support for big data initiatives.

MarcO’Regan,ChiefTechnologyOfficerSales,EMCIreland;NiallCremin,CIMASouthernAreaChair;ThomasShortall,ICTDirector,KerryFoods;

TheCIMABigDataConferencespeakersandguests

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Newanddisruptivetechnologiesarechangingourindustryatan

alarmingpace.Itisvitalthatwekeepaheadtomaintainourplacein

themarket.Thechangesarewiderthanpractice.Articlesinjournalslike

AccountancyAgearepredictingthattheCFOandCIOjobswillsoon

mergeintoone.Asmanagementaccountantsrunningsmallpractices,

technicalchange,andwhetherweadoptit,isrelevanttoourfuture

profitability.Doesthismeanthatwehavetohavetoacquiretechnical

skillsiniXBRL,Java,MicrosoftServeretc?Notnecessarily,abasicgrasp

oftheunderlyingconceptsandafewsignpoststothewinningtoolsof

thetradeisenough.Itisvitalhoweverthatwerecognisewhatisgoing

onaroundusandrespond.

Inadditionweneedtobecometechnicaladviserstoourclientstogain

kudosandbetheirfirstportofcallforbusinessadvice.Thiswillgiveus

anextra‘edge’overourprofessionalcompetitors.

Whatiscausingtherapidchange?Itisapictureofconvergenceof

momentoustechnicaldevelopments,namelyamatureinternet,fast

broadband,cloudinfrastructureandnewdeviceslikesmartphones

andtabletcomputers.Addtothiscostpressuressuchasgovernments

wantingtoshedworktotheircustomers(RTI,onlinefiling,agentaccess)

andthecommercialdrivetoincreaseproductivitywhichhasmovedon

frommanufacturerstoserviceproviders.

Here are my top ten tips to keep ahead:

1. Abolishpaper.Theconvergenceoftechnologieshassuddenlymadethe40yearolddreamofapaperlessofficenotjustpossiblebuthappeningaswespeak.InafewyearsthefamousclipbythedrifterinthefilmWaterworld,‘Paper,haveyoueverseenpaper?’won’tseemsostrange.

2. Makeyourworkingareaefficient.Laptopscanbepermanentlyusedbyprofessionslikejournalistsandconsultantsbutnotbyprofessionalslikeuswhoneedtoprocessnumericalinformation.Unlessyouaretravellingorbrowsingalwaysuseadevicewithagoodkeyboardandtwoorthreemonitors.Afterallinanon-digitalenvironmentyouwouldnotdreamofworkingona20inchdesk.Thesamelogicappliestoyourstaffandyourclient’sstaffsotheycanbemoreproductivewhentheyneedseveraldigitaldocumentstobeopenandinviewatthesametime.

3. Getcomfortablewithoneormorecloudaccountingsystems.OfflineversionsofSageandQuickBooksarenowinthelaststageoftheirproductcycle.Thebusinessmodeloftraditionalsupplierswillnotsurvivethedisruptiveeffectofthenewupstarts,Xero,ClearBooks,Liquidaccountsandtheothers.Thebigplayersarescramblingtocatchupafterbeingasleepatthestartoftherace.Cloudwillnotworkforallyourclientsbutforthosethataresuitableyoushouldstartconvertingthemnowandenjoythebenefitstoyourpractice.

4. ‘Appup’andprovidenewservices.Thepowerofthecloudisgoingtocreateopportunitiesthatyouneverconsideredbefore.PutReceipt-BanktogetherwithXeroandsuddenlyyouhaveabookkeepingsystemcheaperthananoutsourcedproviderinBangalore.Cloudwillbeagreatlevellergivingsmallbusinessesthecostbenefitscurrentlyenjoyedbylargeorganisations.

5. Takeadvantageofthenewwaystocommunicate.UsingVOIP,RemoteDesktopandtechnologieslikeSkypeallowsyoutoprovideasuperiorcustomerservice.Significantlyitalsoallowsyoutoredefineyourtargetmarketfromageographicalperspective.Youshouldonlyvisitclients’premisestoattendameeting,nottopreparefigures.Dothatworkfromyourbaseandsavetimeandmoney.

6. Considerusingcloudpayrollsystems.Paperpayslipsareeliminated.Theemployeecanlogintoseetheirpayslipsuptothreeyearsback(dependingonthesystem).Iftheymovehousetheycanchangetheiraddressthemselves.Ifyouare(orarethinkingof)offeringapayrollbureauservicethiscouldbestaffedbyasuitableparttimepersonworkingfromhomewithaconvenientdashboardtoaccessallyourpayrollclients.

7. Ifyoudocompliancework,makesureyouusequalityprofessionalsoftwareforaccountsproductionandtaxwithlinkstoallthegovernmentsystems.Anythinglesswillrenderyoueitheruncompetitiveorunderpaid.

8. Useadigitalsigningapplicationtogetlettersofengagementsignedandtaxreturnsapproved.Thisworkswellasasecureclientareaonyourwebsite.Youuploadthedocumentandthesystemaskstheclienttofollowalinktoreadandapprove.ClientapprovalsarelegallybindingundertheframeworkoftheEUdirective1999/93/ECandallcommercialsystemsshouldcomplywiththisframework.ThepluginappthatIusewassimpletoinstallonmywebsiteandlooksaftereverythingfor£25permonth.Somesystemschargeperdocument.Thiscanalsobeusedasaneasilyaccessiblerepositoryforyourclient’saccountswhichimpressesthemnoend.

9. Useanonlinepaymentsystemtomakethingseasyforyourclientandtohelpyougetpaidquicker.Alotofworkisgoingonatthemomentbyprovidersinthisarea.SystemsexistforbothcreditcardandDDonlinesystems.Ifindthatevenclientswhogetbilledonceayearliketopaymonthly.Nowitiseasytosetupwithouthavingtousestandingorderswhicharedifficulttochange.

10. Finallyconsidermovingyourdesktopsintothecloud.Ifyouhavealargenetworkwithstaff,itcansavetheoverheadofserversupport.Ifyouareworkingonyourownitallowsyoubetteraccesstoyoursoftwareanddata.Youmightalsochangetoacloudofficesuitelikeoffice365forthesamereason.BesttoconsiderthiswhenitistimetorefreshyourITinfrastructure.

RayBaxterFCMA,CGMAisfounderandCEOofBaxterworld.HeservedastheNorthernIrelandpresidentofCIMAandiscurrentlythesecretaryfortheMembersinPractice(MiP)committeeofCIMAandanambassadorfortheFederationofEuropeanAccountants(FEE).

RayBaxterishappytoreplytoquestionsviaemailat:

[email protected]

tHE DIGItAL PrACtICE - toP tEN tIPS by ray Baxter FCMA


CIMA IrELAND/BStAI SCHooLS JUNIor CErt BUSINESS QUIZ

wINNErS!

Summerhill School in Sligo

the winning team pictured celebrating with quiz Master, children’s tV and

radio presenter, Emma o’Driscoll were Jack McDermott, oliver white, Joseph

McDonagh and Paddy McDermott.

JuniorcertbusinessstudentsatSummerhillSchoolin

SligowonthenationalfinaloftheCIMA/BSTAISchools

JuniorCertBusinessQuiz.Some187teamsrepresenting

97schoolsfromacrossthecountrytookpartinthe

annualcompetitionwhichsawSummerhilltakethe

overalltitleatthenationalfinalsinLITThurles.Runners

upwereRockwellCollege’sTeamAandColaisteEanna

CBSRathfarnham’sTeamA.Children’sTVandRadio

presenterEmmaO’DriscollactedasMC.

Colaiste Eanna Team APicturedatthefinalswithEmmaO’DriscollwereMaryO’Sullivan,BSTAIandTeacherPaulConwaystudentsJamesO’Reily,BenGraham,NiallDuffyandEoghanMcGarvey

Old Bawn Community SchoolPictured at the finals with Emma o’Driscoll were Mary o’Sullivan, BStAI teacher Michael kean and Students Bashir oladipupo, Anna Helena Maniacal, Claudia George and Luke Couhono Dillon

Sutton’s St. Fintan’sPictured at the finals with Emma o’Driscoll were Mary o’Sullivan, BStAI and teacher Carmel Fitzpatrick Students Mark Lynch, Declan Flynn, thomas o’Connell and Aidan Hall

Tullamore CollegePictured at the finals with Emma o’Driscoll were Mary o’Sullivan, BStAI and teacher Michelle Griffin Students Jordan Murphy, Jack Harvey, Andrew Meehan and Paul Scally

St. Gerard’s BrayPictured at the finals with Emma o’Driscoll were Mary o’Sullivan, BStAI and teacher Damien kelly Students ryan Lucas, Joshua Dargan Hayes, David Furey and Harry Curley

Hazelwood CollegePictured at the finals with Emma o’Driscoll were Mary o’Sullivan, BStAI and Gerard o’Donnell, Aine Bennis, kennedy o’Sullivan and Paul Power

St. Angela’s Secondary SchoolPictured at the finals with Emma o’Driscoll were Mary o’Sullivan, BStAI and Sophie o’ Byrne, Zemare Fazlius, Cadhla Duffy and Lauren kearns

Rockwell College Team APicturedatthefinalswithEmmaO’DriscollwereMaryO’Sullivan,BSTAIwere:JamesHally,GoghanHeffernan,KateBarlowandMorrisO’Sullivan

13PAGE


Colaiste Pobail SetantaPictured at the finals with Emma o’Driscoll were Mary o’Sullivan, BStAI and teacher Deborah o’Neill Students Fortune Marques, Aamna rashid, Marta Dubik and Declan o’Carroll

St. Mary’s Secondary School MallowPicturedatthefinalswithEmmaO’DriscollwereMaryO’Sullivan,BSTAIandNoraO’Connor,TeacherStudentsLaurenHadden,CiaraMcCarthy,SarahCorbettandKateIvory

Abbey Community CollegePicturedatthefinalswithEmmaO’DriscollwereMaryO’Sullivan,BSTAIandTeacherLindaCumminsStudentsThomasSheridan,NiamhO’Brien,MichelleMurphyandCraigSmith

CBS, Thomas StreetPicturedatthefinalswithEmmaO’DriscollwereMaryO’Sullivan,BSTAIandStudentsMartinKehoe,DavidCornish,ConMcIntyreandAngeloMiwlesw

CBS RoscommonPicturedatthefinalswithEmmaO’DriscollwereMaryO’Sullivan,BSTAIandTeacherClaireStensonStudentsOisinStephens,LukeGlennon,LiamEarleyandPatrickFarron

Colaiste Eanna RathfarnhamPicturedatthefinalswithEmmaO’DriscollwereMaryO’Sullivan,BSTAIandTeacherPadraicMcManusStudentsOwenGriffin,DylanCarroll,KillianLaceyandGavinConnolly

Athenry’s Presentation CollegePicturedatthefinalswithEmmaO’DriscollwereMaryO’Sullivan,BSTAIandTeacher,MaryColman,StudentsOisinDaly,RoisinCorrigan,ImyLundonandRoisinFinnandTeacherJasonCotter

Carndonagh Community SchoolPicturedatthefinalswithEmmaO’DriscollwereMaryO’Sullivan,BSTAIandDarraghMcKinley,SarahMonagle,DianeMcGallowayandOisinBowyer

St. Finian’s CollegePicturedatthefinalswithEmmaO’DriscollwereMaryO’Sullivan,BSTAIandTeacherMauraWalshStudentsEmmetBehan,SeanWyliea,JackCunnaneandAlanaForan

Rockwell CollegePicturedatthefinalswithEmmaO’DriscollwereMaryO’Sullivan,BSTAIandStudentsNnabuikeEneh,ClaireBennett,TomRussellandRyanO’Sullivan

Carrigaline Community School PicturedatthefinalswithEmmaO’DriscollwereMaryO’Sullivan,BSTAIandTeacherEimearBuckleyStudentsSierraBosonnet,ChelseyLinehan,KatieMarahandBenDaltonandTeacherEBuckley

Mean Scoil MhuirePicturedatthefinalswithEmmaO’DriscollwereMaryO’Sullivan,BSTAIandTeacherChristineO’Brien,StudentsAmyO’Rourke,JadeGill,AilbheO’RourkeandSarahDevine

Glenties’ St. ColumbasPicturedatthefinalswithEmmaO’DriscollwereMaryO’Sullivan,BSTAIandTeacherFrancesMcNelisStudentsJoshuaPerraton,CatrionaMadden,EllieMcDonnellandCaoimheMcGrenra

Colaiste Mhuire, BallygarPicturedatthefinalswithEmmaO’DriscollwereMaryO’Sullivan,BSTAIandTeacherTheresaClogherStudentsBrianMaloney,CiaraWhy,CathalCrehanandAdamFarrell

CBC CorkPictured at the finals with Emma o’Driscoll were Mary o’Sullivan, BStAI and teacher Stephen Hogan Students Andrew Nestor, robert Horgan, Matthew Gibson and Michael Sheehan


TheIrishfinaloftheCIMAGlobalBusinessChallenge2015,an

internationalbusinesscompetitionwilltakeplaceatITTallaghton

Thursday11June.TheIrishfinals,sponsoredbyDiageoandDublin

BusinessSchool,willseeteamsfrombusinessschoolsacrosstheisland

ofIrelandparticipate.

OrganisedbyCIMA,inpartnershipwithBarclays,theGlobalBusiness

Challengeisabusinesscompetitionforundergraduatesaroundthe

world,designedtoshowcasetalentinbusinessmanagementand

identifyyoungbusinessleadersofthefuture.Entrantsmustforma

teamoffourpeopletocompete.Actingasbusinessconsultants,they

willanalyseandsolveareal-lifebusinesscasestudy.Competitorswill

haveachancetowinanall-expenses-paidtriptoWarsaw,Poland,to

representtheircountryattheglobalfinalinAugust.

FionaArnold,StudentProgressionManager,CIMAIreland,said:“The

GlobalBusinessChallengegivesstudentstheopportunitytogain

firsthandexperienceofbusinessleadership.Competitorswillbeable

tobuildessentialbusinessskillsaswellasmeetwithandlearnfrom

decision-makersfromtopemployers.Theopportunitywillenhance

theirCVsandcareerprospects”.

TheinauguralCCAB-IallIrelandMatrixAccountancyGolfTournament

tookplacelastautumninthemagnificentsurroundingsofIreland’s

premiergolfcourse,CartonHouse.Thetournamentwassponsoredby

MatrixAccountancy-adivisionofMatrixRecruitmentwithteamsfrom

thefourCCAB-Iaccountancybodiespitchedagainstoneanotherfor

thecovetedcup.Membershipofthetournamentwascomprisedof

representativesfromCIMA,CAI,ACCAandtheCPA.

TeamscompetedfortheMatrixAccountancyPerpetualTrophywith

prizesforfirstandsecondandalsoindividualprizes.Thisyearthe

CCAB-IallIrelandMatrixAccountancyGolfTournamentwilltakeplace

on18SeptemberatLuttrellstownCastle.

IrISH FINAL oF GLoBAL BUSINESS CHALLENGE

CCAB-I INAUGUrAL ALL-IrELAND MAtrIX ACCoUNtANCY GoLF toUrNAMENt

Picturedare:JoanneFoley,ManagerMatrixRecruitmentGroupDublinoffice;DamienGibbons(OldConna),SeanMurphy(GreenoreGc),PatMcCarthy(NaasGc),DenisMcCarthy,CIMAIrelandDirector.

15PAGE


Theprimaryreasonwhymanycompaniesengageinsupportinga

charityisthedesiretohelpothers.Theyalsodoittogrowtheir

businessandreputation.Overandabovethepositivefeelingsgenerated

fromtheactofgiving,supportingacharitycanprovidenetworkingand

marketingopportunitiesandincreasesacompany’spresenceintheir

communityornetwork.Itcanstrengthenbrandloyaltyandimage,

helpwithemployeeretentionandrecruitmentanddrivesales.And,by

involvingemployeesandencouragingthemtoparticipateinfundraising

activity,workplacemoraleandgoodwillwillexperiencearealboost.

TheIrishCancerSocietyisIreland’snationalcancercharityandwe

provideinformation,supportandcaretothosewith,andaffectedby,

canceralloverIreland.Ourservicesareprofessional,confidentialand

freeofchargeandwearealmostentirelyfundedthroughthegenerosity

ofcompaniesandthegeneralpublic,aswereceivelessthan5%in

governmentfunding.Weprovideanumberofsupportservicesfor

freeincluding;theNationalCancerHelpline,ournightnursingservice

tocancerpatientsintheirhome,financialgrantstocancerpatients

undergoingfinancialhardship,our‘CaretoDrive’servicewhichinvolves

volunteersdrivingcancerpatientstoandfromtheirchemotherapy

treatmentinhospitals,andourcounselingservice.Wearealsothe

leadingvoluntaryfunderofcancerresearchinIreland.

Ourworkisattheheartofeverycommunityacrossthecountryand

everyfamilyhasbeenaffectedbycancerinIreland.Withtherateof

cancerincidencegrowingandover30,000peoplelikelytobediagnosed

withthediseasethisyear,demandonourservicesincreases.

Our Corporate Offering:Whenconsideringwhatkindofcharitytosupport,askyourselfwhat

issuesareimportanttoyou,yourcolleaguesandyourclients,andwhat

charityisagoodfitforyourorganisation.WebelievetheIrishCancer

Societyisastrongfitformanyorganisationsforanumberofreasons,

including;weareareputablecharity,wehaveahighprofile,wehavea

nationwidepresenceandeveryonehasbeentouchedbycancer.

Weworkwithbigandsmallcompaniesandtailorcharitablecampaigns

andpartnershipsthataretherightfitforthem.Companiescansupport

usinanumberofways,including;

• StrategicPartnership:Thesearepartnersthatsupportourworkin

anumberofways,fromvolunteerism,toemployeefundraising

activities,tograntstowardsourservices.Byaligningthemselves

withourwork,companiesseeadirectbenefittoemployeesand

customers.

• Employeefundraising:Employeesworkingtogetherforacharity

increasesstaffmoraleandmotivation.Itisalsoawonderfulway

toenhanceteamworkandprojectapositivecorporateimage.

Employeefundraisingactivitiescanrangefromatablequiztoa

familydayout.OurmajorfundraisingcampaignsincludeDaffodil

Day,PaintitPink,ShaveorDye,Movember,ColourDashandmore.

• Cause-relatedmarketing:Apartnershipbetweenacompanyand

ahigh-profilecharitysuchasoursbuildsbrandloyalty,increases

companysalesandshowsacommitmenttoaworthycause.

• Corporatesponsorship:Ourmajorawarenesscampaignsand

fundraisingeventsandactivitiesthroughouttheyeararehigh

profile,gatheringnationalandregionalmediaattentionand

reachingpeopleacrossallwalksoflifeinIreland.Bysupporting

theseactivitiescompanieshavetheopportunitytoaligntheir

brandwiththeIrishCancerSociety.

• Corporatesocialresponsibility(CSR):Donatingmuch-neededfunds

positionsyourcompanyasagenerouscorporatecitizen.

• Payrollgiving:Thisisasimpleandeffectivewayforemployeesto

makeregularpaymentstoacharitydirectlyfromtheirsalary.

INCrEASE YoUr CoMPANY VISIBILItY AND rEVENUE wHILSt HELPING tHE FIGHt AGAINSt CANCEr

We are very fortunate to enjoy the help and support of many of companies, both large and small, and their generosity helps fund our research, maintain and expand our support services, and drive our education and prevention programmes.John McCormack,CEO,IrishCancerSociety

AttheIrishCancerSocietywewon’tgiveupuntilcancerdoes.

Getinvolvedandhelpusinthisfight.Findouthowyoucanshow

[email protected]

corporatepartnershipsteamon(01) 230 5000.


ThisyearCIMA’sWesternareacontinuedtohostastrongportfolioof

events,bothspecificforCIMAmembersandstudentsandseveralopen

toallprofessionals.Inadditiontotraditionaleveningandbreakfast

events,theWesternareahostedeventsonSaturdaymorningaswell

asalunchtimewebinarinApril.Asurveyofmembersandstudents

wasundertakeninlate2014withsuggestionsreceivedthroughthat

forumbeingtakenintoaccountinplanningitscalendarofevents.Events

organisedbytheWesternareainclude:

• ApplyingforFellowshipinMayoandLimerick

• BenchmarkingIreland’seconomicrecoveryinGalway

• SocialMediaandyourbusinesswithConorPopeinGalway

• ChallengesofmovingbeyondtraditionalbudgetswithNUIG,in

Galway

• SaturdaymorningworkshoponIFRS102;pensions;employment

lawandcorporateethicsinLimerick

• AseriesofLinkedIntrainingworkshopsEnnis,LimerickandGalway

• CompletingyourCPDinLimerick

• TaxationandthefinancebillinEnnis

• PartoneofthreebreakfastseminarswithAIBinGalway

• CriticalbusinessintelligenceforbusinessownersinSligo

• ManagementandefficiencyinthePublicSector-Theexperts

view,inLimerick

• PartstwoandthreebreakfastseminarswithAIBinGalway

• A20minutelunchtimelivewebinar,‘Howtotakethenextstep

upinyourcareer’

• You’reanaccountantandyouwantabetterjobinGalway

Fordetailsofeventsinyourareacheckoutcimaireland.com

ArEA NEwSwestern area

Northern areaLeading Ulster business woman, Janet McCollum addresses Northern area meeting

In Ennis in March’15, CIMA western area hosted “taxation and the finance bill - key measures and

areas of focus”, with guest speaker Paul Nestor, taxation Partner at BDo Limerick.

L to r: Patrick warren, Paul Nestor (tax Partner BDo Limerick and Presenter); Pat Mahony.

Janet McCollum, FCMA, CGMA Chief Executive, Moy Park who recently addressed the CIMA

Northern area pictured with Sharon McCue, FCMA, CGMA, CIMA Ireland’s CIMA Council

representative and richard Stack, Chair, CIMA Northern Area.

InApril,CIMAIrelandhostedavisitfrom20plusMBAandMSc

studentsfromtheUniversityofEdinburghBusinessSchool.The

primaryfocusofthisvisit,andsimilardomesticandinternational

visitsinthepast,wastosupporttheongoingprofessional

developmentandnetworkbuildingfortheirstudents.

OliverGilvarryFCMA,CGMA,CentralBankofIrelandandEastern

AreaChairpresentedanoverviewoftheIrishEconomyand

KerryGroupfollowedwithadiscussionoftheiroperationsin

Irelandandabroad.CIMAIrelandthenconcludedwithamarket

overviewofCIMA’soperationsinIreland.Aspartofthisvisit,the

studentsalsometwithseveralotherorganisations.

Eastern areaUniversity of Edinburgh business school visit

NUI Galway and the Chartered Institute of Management Accountants western area co-hosted:

“Challenges of moving beyond traditional budgets” at NUIG in November 2014. L to r:

Dr Geraldine robbins, NUI Galway; Speakers Dr. Emer Curtis NUI Galway; Professor Nicolas

Berland Paris Dauphine University, with Mary Dullaghan Avaya and CIMA western Area Chair.

17PAGE


GregorToohey,Trainee–CorporateAuditwithGrantThorntonwasplaced

firstinIrelandforhisE3EnterpriseStrategyexam.PicturedareColin

Feely,HeadofCorporateAudit,GrantThornton;FionaArnold,Student

ProgressionManager,CIMA;GregorTooheyandPaulMcCann,Managing

Partner,GrantThornton.

GrANt tHorNtoN trAINEE FIrSt IN IrELAND For E3 ENtErPrISE

FIrSt PLACE

Northern Ireland’s business sector is being encouraged, by leading industry professionals, academics and influencers, to embrace data analytics to remain competitive.

TheywillbeaddressingtheCGMA(CharteredGlobalManagement

Accountant)thoughtleadershipconferenceontheimpactofbig

dataanalyticsforNorthernIrelandwhichwilltakeplaceatTheMac

onBelfast’sExchangeStreetWestonFriday12June2015.TheCIMA

IrelandNorthernareaevent,isbeingheldinpartnershipwiththeChief

ExecutivesForumandissponsoredbyBrightwaterRecruitmentNI

Speakerswillsharetheirviewsonthepotentialbenefitsofdata

analytics(BigData)forbusinessesinNorthernIreland.Specifically

theywilldiscusshowbusinessesareactuallyusingit;explorewhat

competenciesbusinessesneedtodevelopinordertobenefitfromthe

emergingopportunities;andwhatskillsweneedtodevelop.Itwill

featuretalksfromPeterSimons,Authorofseveral“BigData”reports

aswellasConferencechairman:StephenPeover,Chairman,Chief

ExecutivesForum;TrevorSteenson,DigitalTransformationProgramme

Director,DF;Dr.AdeleMarshall,QueensUniversity,Belfast;Stephen

McKeown,CEO,AnalyticsEnginesandKieranKelly,CEO,ARC-NET.

Conference details: Date: Friday12June2015

Time:9:30am–12:30pmpresentationanddiscussion

Venue:TheMac,10ExchangeStreetWest,Belfast,BT12NJ

Admission:Free

Speaker panel• Conferencechairman:StephenPeover,Chairman,ChiefExecutives

Forum

• PolicymakerandEarlyadopter:MrTrevorSteenson,Digital

TransformationProgrammeDirector,DFP

• CGMAspecialist:PeterSimons,AuthoroftheCGMA‘BigData’

reports

• Academic:Dr.AdeleMarshall,QueensUniversity,Belfast

• Technologycompany:StephenMcKeown,CEO,AnalyticsEngines

• Earlyadopter(PrivateSector):KieranKelly,CEO,ARC-NET

Further info:KevinGormley

E:[email protected]

CGMACONFERENCETOADDRESSDATAANALYTICSFORNIBUSINESSSECTOR

The AICPA and CIMA launched the CGMA designation in January 2012 to elevate the profession of management accounting and establish global criteria for quality. All CIMA members automatically gain the CGMA letters and have access to leading-edge research, tools and techniques to keep you at the forefront of your profession.

You will be part of a global community of professional management accountants sharing best practice and creating innovation. Our joint venture combines the strength of the AICPA in North America with CIMA’s presence in Europe, Asia, Africa and the Middle East.

The CGMA designation therefore provides a huge opportunity to place management accountants on a truly global platform for business excellence.

WHAT IS CGMA?...

CIMA IRELAND BENEVOLENT FUNDThe CIMA benevolent fund here in Ireland supports members and their dependents facing difficulties and hardship caused by serious illness, bereavement, unemployment and other misfortunes.Established in 1992, the fund has helped many members through

difficult and stressful times for themselves and their families. Member’s

contributions, both financial and advisory, have contributed enormously.

Economic conditions, illness and or bereavement continue to prevent some

members achieving the success they had expected in their careers. In most

cases this is a temporary setback. Where there is a young family involved,

the consequences can be particularly distressing. The people the fund has

assisted have heart warming stories in which situations of despair have

become manageable, and rectified over time thanks to the contributions by

CIMA Ireland membership.

The fund is most appreciative of the support given by the members.

Nevertheless, in recent years, the economic climate has had an adverse

affect on a number of our members and fund expenditure is again

exceeding its income. CIMA Ireland is therefore asking members to

consider making a contribution to the fund.

There is no fixed amount asked or expected as every contribution is valuable, but donations in the range of €30 to €50 tend to be the standard. Some members exceed this amount significantly and we acknowledge this extra generosity. Members who wish to contribute to the fund can do so by completing the standing order form. All contributions

whether by standing order or once off payment are most appreciated.

STANDING ORDER – ANNUAL PAYMENTBank Name (The Manager):

Account Name: Account No:

Branch Address: Sort Code:

On the day of each year commencing on the day of pay the sum of €

(in words) to the following account:

CIMA Benevolent Fund IBAN number: IE03BOFI90149037010974 BIC code: BOFIIE2DXXX

Bank of Ireland, Baggot Street, Dublin 2

My/Our account will at all times contain sufficient funds to enable payment to be effected on the due date:

Signed:

Date: Address:

Note: This instruction cancels any previous instruction in favour of the above named under this reference. After returning form, please allow

3-4 weeks for standing order process to be completed. Please return to: Nicola Glynn, Member Services Manager, CIMA Ireland, 5th floor, Block

E, Iveagh Court, Harcourt Road, Dublin 2, Republic of Ireland.

PAGE 23

NETWORK NEWS | SPRING 2014

CIMA IrELAND BENEVoLENt FUND

FollowtheCIMAonTwitter

www.twitter.com/cima_news

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CIMA Ireland

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IveaghCourt,HarcourtRoad

Dublin2,Ireland

T.+353(0)[email protected]

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