Flashback 2018 - icmab.org.bd

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Flashback An Assessment 2018 Mr. Mohammed Salim FCMA assumed his second term as President on February 18, 2018. During his tenure of Presidentship, ICMAB has undergone some notable changes which may be recognized as milestone achievements. He started working hard immediately after taking the charge and he never stopped for a single moment till March 03, 2019 , the day when he handed over the charges to the next President. He left no stone unturned to convert every opportunity to an achievement for the Institute. He facilitated in building strong network with the government, non government and corporate sector organizations both in home and abroad. He has taken initiatives to organize trainings and seminars at national and international level for members and corporate leaders. As a result, ICMAB and the CMA Profession have gained an envious level of acceptability which leads the profession to reach to a new height. During his tenure of Presidentship, the long waited CMA Act 2018 has been passed in the National Parliament and the profession has entered into a different regulatory regime with the strongest legal foundation and the MoU on library improvement project, virtual learning system, cost audit report rule in English, Question setting guidelines, faculty evaluation system (scores shared with teachers) etc. A few of the remarkable achievements during the Presidentship of Mr. Mohammed Salim FCMA (February 18, 2018 to March 03, 2019 ) are listed in the table below: Work areas Programs Achievements/Remarks Call on/Courtesy meeting Meeting with Ministers: Finance, Commerce, Industries, Housing and Public Works, State Minister, ICT. Courtesy meeting with Dr. Muhammad Abdur Razzak MP, former Minister, Ministry of Food, GoB and Chairman, Parliamentary Standing Committee on Ministry of Finance. Senior Secretaries and Secretary of different Ministries like Ministry of Finance, Ministry of Commerce, Legislative & Parliamentary Affairs Division, Financial Institutions Division, Member (Sr. Secretary), GED, Ministry of Planning, Chairman & Managing Director, Uttara Group of Companies; Chairman, BSEC; Chairman, Financial Reporting Council (FRC); Chairman, RAJUK; Governor, Bangladesh Bank; Chairman, BCIC; Chairman, IDRA; Managing Director & CEO, Robi Axiata Ltd.; Managing Director, Agrani Bank; Managing Director, DBL Group; Un Resident Coordinator in Bangladesh; Chairman, BSEC; Comptroller and Auditor General (CAG); Managing Director, BRAC Bank etc. Liaison with Government and other stakeholders, Partnering with entrepreneurship and employers, discussion on different professional issues and lobbying/persuasion for cost audit and other relevant issues for the Institute and the profession held in those meetings. Trainings Training session for the students of Jahangirnagar University, Training program on Communication & Presentation Skills, A two day long ICMAB’s “Train the Trainers” program, 70 hours training program on Business and Financial Modeling, Training on "SAP ERP (FICO)" for CMA Students, 200 hours long training program (2nd batch) on “Young Leadership Development”, Training on Advanced Certification Course on IFRS/ IAS, Training on Freelancing and Accounting BPO etc. Nationally and internationally renowned resource persons conducted these sessions for the students and members of the Institute. Discussions, Seminars/ Conferences/CPDs Discussion on Professional Matters, ICMAB’s Post-Budget discussion on National Budget 2018-2019, Seminar on “Sustainability reporting towards achieving SDGs”, A daylong ICMAB International Conference on ‘Achieving Sustainable Development Goals: Challenges and Way Forward’, Round Table Discussion on "Increasing Competitive Edge through Supply, Chain Sustainability Management and Reporting", SAFA International CFO Conference and The ICMAB Best Corporate Award-2017, CPD program on Young Entrepreneurship Role Model in the age of Technological Disruption, CPD program on "Enhancement of Finance Potentiality in Freelancing works", CPD program on Global Finance Career in Digital Era, CPD program on Bond, CPD program on “IFRS: 16 and IAS: 12” etc. Seminar on CMA Profession, Management: Overview, Role, Prospects & Challenges, Get-together with Cumilla Coaching Centre based members & Students etc. Concept paper discussion based on Maturity Model designed for the development of professional Accounting Organizations (PAOs in Line with CAPA and IFAC) presented by the president. Those programs created opportunities to explore widely in finance and accounting sector from where our members became benefited and the Institute got wider range of publicity, role in national economies and CMA branding. 63 THE COST AND MANAGEMENT ISSN 1817-5090,VOLUME-47, NUMBER-01, JANUARY-FEBRUARY 2019

Transcript of Flashback 2018 - icmab.org.bd

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Flashback

An Assessment2018Mr. Mohammed Salim FCMA assumed his second term as President on February 18, 2018. During his tenure of Presidentship, ICMAB has undergone some notable changes which may be recognized as milestone achievements. He started working hard immediately after taking the charge and he never stopped for a single moment till March 03, 2019 , the day when he handed over the charges to the next President. He left no stone unturned to convert every opportunity to an achievement for the Institute. He facilitated in building strong network with the government, non government and corporate sector organizations both in home and abroad. He has taken initiatives to organize trainings and seminars at national and international level for members and corporate leaders. As a result, ICMAB

and the CMA Profession have gained an envious level of acceptability which leads the profession to reach to a new height. During his tenure of Presidentship, the long waited CMA Act 2018 has been passed in the National Parliament and the profession has entered into a different regulatory regime with the strongest legal foundation and the MoU on library improvement project, virtual learning system, cost audit report rule in English, Question setting guidelines, faculty evaluation system (scores shared with teachers) etc.

A few of the remarkable achievements during the Presidentship of Mr. Mohammed Salim FCMA (February 18, 2018 to March 03, 2019 ) are listed in the table below:

Work areas Programs Achievements/Remarks

Call on/Courtesy meeting

Meeting with Ministers: Finance, Commerce, Industries, Housing and Public Works, State Minister, ICT.

Courtesy meeting with Dr. Muhammad Abdur Razzak MP, former Minister, Ministry of Food, GoB and Chairman, Parliamentary Standing Committee on Ministry of Finance.

Senior Secretaries and Secretary of different Ministries like Ministry of Finance, Ministry of Commerce, Legislative & Parliamentary Affairs Division, Financial Institutions Division, Member (Sr. Secretary), GED, Ministry of Planning,

Chairman & Managing Director, Uttara Group of Companies; Chairman, BSEC; Chairman, Financial Reporting Council (FRC);

Chairman, RAJUK; Governor, Bangladesh Bank; Chairman, BCIC; Chairman, IDRA; Managing Director & CEO, Robi Axiata Ltd.; Managing Director, Agrani Bank; Managing Director, DBL Group; Un Resident Coordinator in Bangladesh; Chairman, BSEC; Comptroller and Auditor General (CAG); Managing Director, BRAC Bank etc.

Liaison with Government and other stakeholders, Partnering with entrepreneurship and employers, discussion on different professional issues and lobbying/persuasion for cost audit and other relevant issues for the Institute and the profession held in those meetings.

Trainings Training session for the students of Jahangirnagar University, Training program on Communication & Presentation Skills, A two day long ICMAB’s “Train the Trainers” program, 70 hours training program on Business and Financial Modeling, Training on "SAP ERP (FICO)" for CMA Students, 200 hours long training program (2nd batch) on “Young Leadership Development”, Training on Advanced Certification Course on IFRS/ IAS, Training on Freelancing and Accounting BPO etc.

Nationally and internationally renowned resource persons conducted these sessions for the students and members of the Institute.

Discussions, Seminars/Conferences/CPDs

Discussion on Professional Matters, ICMAB’s Post-Budget discussion on National Budget 2018-2019, Seminar on “Sustainability reporting towards achieving SDGs”, A daylong ICMAB International Conference on ‘Achieving Sustainable Development Goals: Challenges and Way Forward’, Round Table Discussion on "Increasing Competitive Edge through Supply, Chain Sustainability Management and Reporting", SAFA International CFO Conference and The ICMAB Best Corporate Award-2017, CPD program on Young Entrepreneurship Role Model in the age of Technological Disruption, CPD program on "Enhancement of Finance Potentiality in Freelancing works", CPD program on Global Finance Career in Digital Era, CPD program on Bond, CPD program on “IFRS: 16 and IAS: 12” etc. Seminar on CMA Profession, Management: Overview, Role, Prospects & Challenges, Get-together with Cumilla Coaching Centre based members & Students etc.

Concept paper discussion based on Maturity Model designed for the development of professional Accounting Organizations (PAOs in Line with CAPA and IFAC) presented by the president.

Those programs created opportunities to explore widely in finance and accounting sector from where our members became benefited and the Institute got wider range of publicity, role in national economies and CMA branding.

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Promotional activities

Seminar at different universities,

Students summit,

Day observation,

Media circulations/presence

Inauguration of ICMAB Jeshore Sutdy Center, Seminar titled “Uplifting Employability of Business Graduates through Professional Education”, Seminar on Accounting Business Process Outsourcing (BPO), Seminar on “Leadership: Driving Performance through Diversity”, Meet the CFO: A leadership development initiative for the students of ICMAB, Grand Reception to the Newly Qualified CMAs, Motivational Session for ICMAB students, Exchanging Views with Teachers, Seminar at University of Liberal Arts Bangladesh (ULAB) titled “Management Accounting Education for a Challenging Career”, Seminar at Islamic University of Technology (IUT) titled “Accounting as a Profession”, Professional Induction Programme, Observance of International Accounting Day-2018, Students Summit held at ICMAB on the occasion of CMA Day-2018, Exposure program with Jahangir Nagar University Students.

Those programs resulted in increase of student admission and CMA recognitions.

Legal Achievement “CMA ACT 2018” approved by Bangladesh National Parliament.

ACCA gave highest 9 papers exemption to ICMAB members and students, ICMAB – UIU signed Memorandum of Agreement (MoA), MoU Signed with Global Reporting Initiative (GRI), MoU with Modern Hospital

The act gave the Institute a strong legal foundation.

Agreement with the national and international organizations will bring huge career development opportunities for the members and the students of the Institute.

Infrastructure 1. Office2. Land3. Branch

Inauguration of ICT Training Lab, Relocation of ICT department, A modern Training Center, Entrance Corridor’s Interior Decoration, Relocation of Education Department, Exclusive Renovation work at 6th Floor (Council Floor), Purbachal Land 30.26 Kata for ICMA, Students' Pantry etc.

A huge infrastructural development occurred in a year. Those are examples of the works.

Participation in

International conferences/Seminars/trainings

National seminars/trainings

Branch level

CIMA Meeting in Dhaka, SAFA and CAPA events at Kathmandu, Nepal, Meeting with GRI delegates, “CMA Global Management Accounting Conference” in Sri Lanka, SAFA Board & Committees Meetings in Sri Lanka, World Congress of Accountants (WCOA) 2018 in Australia, SAFA Committees Meetings, 56th SAFA Board meeting and 89th SAFA Assembly Meeting, Get-together with SAFA delegates in Dhaka etc.

Representation in regional and Global Forums in those programs brings international recognitions.

Others Research project on

‘New Public Management (NPM) Developments in Bangladesh: Implications for Accounting Practices’

The Institute has first time taken the captioned research work which is going to be completed soon.

ICMAB President Mr. Mohammed Salim FCMA inaugurated Jashore Study Center on May 5, 2018 at Jessore Press Club.

Aiming excellence in education and examination system and as a part of its capacity development program the Institute arranged a two day long “Train the Trainers” program for Teachers, Question Setters, Moderators and Examiners of ICMAB.

ICMAB President Mr. Mohammed Salim FCMA called on Mr. Mofizul Islam, Secretary, Ministry of Commerce, Government of the People’s Republic of Bangladesh at

his office on December 02, 2018.Reception to the CMAs passed in June 2018 examinations

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Implementation of SDGs – Recommendation by the experts at ICMAB’s International Conference on SDGs held on September 23, 2018

President Mr. Mohammed Salim FCMA called on Engineer Mosarraf Hossain MP, Minister, Ministry of Housing and Public Works, Government of the People’s Republic of Bangladesh at his office on March 27, 2018.

President Mr. Mohammed Salim FCMA called on Mr. Abul Maal A. Muhith MP, Minister, Ministry of Finance, Government of the People’s Republic of Bangladesh at his office on July 25, 2018.

On 31 October 2018, ICMAB delegation headed by its President Mr. Mohammed Salim FCMA meets Mr. Tofail Ahmed MP,

Honorable Minister, Ministry of Commerce, GoB and expressed gratitude to him for his significant contribution for passing the Cost and Management Accountants Bill, 2018 on 29/10/2018

by Bangladesh National Parliament.

Mr. Mohammed Salim FCMA, President of the Institute of called on Mr. Zunaid Ahmed Palak MP, State Minister, Information and Communication Technology (ICT) Division, Government of the People’s Republic of Bang-

ladesh at his office on March 21, 2018 to discuss matters relating to ICT development.

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--By Staff Correspondent

President Mr. Mohammed Salim FCMA called on Mr. Fazle Kabir, Governor, Bangladesh Bank at his office on May 20, 2018.

President and Secretary attend in the SAFA and CAPA events at Kathmandu, Nepal

President and Secretary joined World Congress of Accountants (WCOA) 2018 in Australia from 5-8 November 2018.

ICMAB organized SAFA International CFO Conference & ICMAB Best Corporate Award-2017 on 8th December 2018, Finance Minister, Mr. Abul Maal A Muhith MP inaugurated the program as the Chief Guest.

56th SAFA Board meeting and 89th SAFA Assembly Meeting were held on December 10, 2018 at ICMAB Annex Building.

President attends “CMA Global Management Accounting Conference” in Sri Lanka as a Panel

Discussant

ICMAB President Mr. Mohammed Salim FCMA joined at a plenary session on Human Resources Development in Bangladesh: Scope

and Prospects at National HR Convention 2018 at Bangabandhu International Conference Center (BICC), Agargaon, Dhaka on November 24, 2018.

Institute has built an excellent Training Center at its Annex Bhaban. The training center can

facilitate more than 120 trainees at a time for any professional training.

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