CIMA Hong Kong Newsletter July 2009 �

Joint CIMA and CMA Canada monthly networking lunchThe next casual networking lunch is open to all members and students of CIMA and CMA Canada. This is 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: Wednesday 12 August 2009 Time: 1.00-2.00pm Venue: 12/F The Chinese Club, 21 to 22 Connaught Road Central, Hong Kong Fee: Chinese lunch at HK$120 per person. Please settle your own bill. Registration: A table is reserved under Mr Yau Yin Kwan, Joseph of CMA Canada. If you are interested in joining us, please email jovy.yeung@cimaglobal.com

Islamic finance forum - linking Shariah-compliant issuers and investors within the Greater China capital marketsDate: Wednesday 19 – Thursday 20 August 2009Time: 9.00am-5.15pm Venue: Renaissance Harbour View Hotel, Hong KongFee: HK$4080 for CIMA members and students (HK$3672 register before 17 July) CPD: 14 hours Organiser: Lexis Nexis endorsed by CIMA Registration: Please click here for the programme brochure and registration form

Please contact Ms Janice Mak at (852) 2965 1480 or email janice.mak@LexisNexis.com for more details.

Joint career seminars with the Chinese University of Hong KongCIMA and The Chinese University of Hong Kong School of Continuing & Professional Studies (CUHK SCS) are collaborating the following seminars to illustrate the current environment and essential elements in career development in the Accounting and Finance Industry. Should you, your friends and/or colleagues are interested please feel free to reserve a seat at the CUHK SCS website.

Seminar �: Pursuing your career in Accounting and FinanceDate: Friday, 4 September 2009Time: 6.30 – 9.30pmVenue: Lecture Theatre, Central Learning Centre, 1/F Bank of America TowerMedium: CantoneseSpeakers: Ms Cynthia Lau, Senior Finance Manager (Asia Pacific Finance), HSBC Mr Hudson Tsui, Regional Business Operations Director, Asia Pacific, DTZ Mr Scott Lee, Marketing and Development Manager, CIMA Dr Brandon Ng, Associate Director, CUHK SCSFee: GratisEnquiries: 3741 1956 (CIMA office) or 2009 0264 (CU SCS office)Details: Please click here for more detailsReservation: Please click here to complete the registration online

UPCOMING EVENTS

HONG KONG

CIMA HONG KONG JULY 2009

� CIMA Hong Kong Newsletter July 2009

Seminar �: First steps in Accounting and Finance career Date: Saturday, 5 September 2009 Time: 1.00 – 4.00pmVenue: Lecture Theatre, Central Learning Centre, 1/F Bank of America TowerMedium: CantoneseSpeakers: Ms Farida Lau, Head of Finance & Accounting Practice, Manpower Professional Mr Kingston Ho, Senior Operational Risk Manager of a foreign investment bank, Divisional Council Member of CIMA Hong Kong Mr Scott Lee, Marketing and Development Manager, CIMA Dr Teresa Ho, Programme Leader, CUHK SCSFee: GratisEnquiries: 3741 1956 (CIMA office) or 2009 0264 (CU SCS office)Details: Please click here for more detailsReservation: Please click here to complete the registration online

4th annual corporate fraud risk management by JFPS In the current economic downturn, corporate fraud risk management will be much more challenging than before. The business departments may require much more power and freedom to support the company’s development. Then, fraudulent intentions and activities will definitely become fiercer and fiercer.

Date: Tuesday 15 – Wednesday 16 September 2009Time: 8.30am-5.30pmVenue: Marriott Hotel Hong Qiao, No 2270 Hongqiao Road, ShanghaiLanugage: EnglishCost: RMB7500, 10% discount for CIMA members, please indicate ‘CIMA’ when booking the seat.RSVP: Please email Fanny Wang at marketing@jfpsgroup.com.cn or click here for more information

Planning, budgeting and forecasting in an uncertain time by JFPS 'The crash of 2008' makes 2009 a difficult year for companies to forecast and budget. As no one knows when the economies will recovery, companies are now feeling even more pressure to respond to the turbulent economy with increased agility and inaccuracy of planning, budgeting and forecasting. Making your budget work for – not against – your organisation is critical in today’s fast paced environment. Based on such a situation, our conference will teach you how leading companies are radically transforming their forecasting process to improve relevance and utilise budgets to strategically deploy and allocate financial resources with insightful analysis to support decision making.

Date: Thursday 15 – Friday 16 October 2009Time: 8.30am-5.30pmVenue: Crown Plaza Hotel, No 400 Panyu Road, ShanghaiLanugage: EnglishCost: RMB6800,10% discount for CIMA members, please indicate ‘CIMA’ when booking the seat.RSVP: Please email Fanny Wang at marketing@jfpsgroup.com.cn or click here for more information

UPCOMING EVENTS

NEWS

New direct lines of CIMA Hong Kong DivisionTo ensure high service levels are maintained, we have installed new direct lines for CIMA Hong Kong Division. For student and member services, please contact Ms Jovy Yeung at 3741 1957. For marketing, student registration and in-house training, please contact Mr Scott Lee at 3741 1956. For general enquiries, please call 2511 2003.

CIMA Hong Kong Newsletter July 2009 �

NEWS

CIMA May 2009 exam resultsWe are very pleased to note that the global pass rates for both of the managerial level management accounting papers, P1, Performance Evaluation, and P2, Decision Management showed good increases when compared with previous exam diets. Also at managerial level, papers P5, Integrated Management and paper P7, Financial Accounting and Tax Principles both showed improved pass rates. However, the global pass rates for papers P4, Organisational Management and Information Systems and P8 Financial Analysis dipped slightly from previous diets. The pass rates for strategic level and for TOPCIMA remained broadly similar to previous diets.

There have been some excellent student performances from around the world, proving that dedication and study can produce exemplary results, with four international prize winners. We are very proud to have an international prize winner from Hong Kong, Mr Wong Yim Fai from Jardine Matheson Ltd for Paper 1, congratulations!

Complaints against individual members and registered studentsOver the past three years, the number of complaints received by CIMA against individual members and registered students has risen quite markedly and these are managed through the disciplinary process by the Professional Conduct team at London HQ.

These complaints come to CIMA from a variety of sources, but mainly from employers of in-house management accountants; clients of management accountants in private practice; members of the general public; persons acting in a public capacity (such as the police, insolvency services and other accountancy institutes ) and, CIMA itself also takes forward complaints.

The nature and type of complaint can vary quite considerably and the Institute’s Byelaws require that these are promptly, thoroughly and fairly investigated via the disciplinary process in order to protect the public, maintain confidence in the profession and uphold proper standards of conduct. They also require that appropriate sanctions are imposed if a complaint is upheld.

The starting point in defining a complaint is the concept of 'misconduct' as set out in Byelaw section 1(x) and more widely addressed and illustrated in contextual terms in the Code of Ethics. The current categories of complaint reflect the range and scope of the allegations which are considered by the independent conduct committees (Investigation, Disciplinary and Appeal) and include breach of fiduciary duty; criminal conviction; failure to deal professionally with a client or employer’s affairs – or with the public; failure to respond appropriately to a superseding accountant; use of unfair methods whilst sitting a CIMA examination; misrepresentation of qualifications; and, behaviour unbefitting a CIMA member or registered student.

CIMA does not, however, intervene in service issues or in commercial or contractual disputes between a member and a client.

STUDENT SERVICES

CIMA student surveyIs CIMA doing its best for you as a CIMA student? Click here to have your say.

Induction seminar for new studentsTo facilitate all newcomers we will be holding an induction seminar for you to familiarise yourself more with CIMA, details are as follows:

Date: Wednesday 12 August 2009Time: 7.00-8.30pmVenue: CIMA officeApplication deadline: 7 August 2009 (first come, first served)

Please download the details and application form here

Mr Alan Wong Yim Fai

� CIMA Hong Kong Newsletter July 2009

STUDENT SERVICES

FREE overview session on CIMA professional examination papersCIMA is offering an overview session on CIMA professional examination Paper 1, 2 and 9 for all students. The lecturers will give you an overview of all the topics for each paper and how topics are interrelated. All sessions will be held at CIMA office. Spaces are allocated on a first come, first served basis so email your name, CIMA contact ID, email address and contact number to jovy.yeung@cimaglobal.com

CIMA Preparatory coursesCIMA Preparatory courses are a series of intensive courses in which Paper 3 and TOPCIMA are jointly offered by CIMA and the Hong Kong Institute of CPAs (HKICPA). They are specially designed to assist CIMA students prepare for the managerial and strategic level examinations. Lecturers who are experts at teaching management accounting courses are invited locally and around the world to deliver these courses. For the intake of November 2009 CIMA Preparatory courses are available for students taking Paper 1, 2, 3, 9, TOPCIMA. Please click here for more details.

CIMA Study resourcesAt different stages of your study, there are different resources available to assist you. These range from face-to-face preparatory courses to interactive online programs. You should select the resources most suited to your style of studying, the purpose and the study stage that you are at. Please download the study resources brochure for more details.

Tips and advices for exam successCIMA has an online dedicated area for student support, full of tips and advices for exam success in the official student section of the cimaglobal.com website. The site consists of student guides and post-exam guides which focus on performance in all past papers. These are invaluable tools for exam success, and CIMA highly recommends that this area of the website is accessed regularly. In addition to the student e-magazine Velocity, which gives students dedicated support, advice and guidance to help them through the exams and in their career progression, CIMAstudy.com, the only CIMA-endorsed online resources, are now available for all levels of the CIMA qualification – certificate, managerial and strategic-offering CIMA students support throughout their studies. See CIMAstudy.com to try a demo module and for more information about these products. Students are also discussing their exam performance and useful study tips on CIMA’s new online community which is available at www.cimaglobal.com/sphere

Paper 9 – Management Accounting Financial Strategy Monday 17 August 2009 (6.30pm-8.00pm)

Paper 1 – Management Accounting Performance Evaluation Tuesday 18 August 2009 (6.30pm-8.00pm)

Paper 2 – Management Accounting Decision Management Tuesday 18 August 2009 (8.15pm-9.45pm)

HONG KONG PAST EVENT

CIMA launches the 2010 syllabus to local academic – 22 July 200922 representatives from universities and tertiary education institutes attended the event to hear about CIMA and our 2010 qualification. The event commenced with Mr Ray Perry, Brand Director of CIMA, as the keynote speaker introducing the institute and explaining how the new qualification was developed. Then Mr Scott Lee, Marketing and Development Manager of CIMA explaining the restructuring of the papers and contents in the 2010 syllabus. The event has, not only provided a networking opportunity between CIMA and various institutes, but it has also facilitated the programme accreditation process between the two parties.

Mr Ray Perry

CIMA Hong Kong Newsletter July 2009 �

� CIMA Hong Kong Newsletter July 2009

CIMA Hong Kong Division Suites 1414-1415 14/F Jardine House Central Hong KongT. +852 2511 2003 F. +852 2507 4701 E. hongkong@cimaglobal.com www.cimahongkong.comOpening Hours 9.30am-5.30pm (Monday-Wednesday, Friday) 9.30am-7.00pm (Thursday)

CONTACT US

HONG KONG PAST EVENT

Dr Artie Ng (left) and Mr Ray Perry (right)

Mr Ray Perry

Mr Ray Perry

Media luncheon of the CIMA research report - ‘Return on ideas’ – 23 July 2009The event was successfully held in the Foreign Correspondent’s Club where nine media attended. Mr Ray Perry presented the outcome of a survey of 100 leading companies and on the vital need for marketing and finance to work jointly and demonstrate the real value of marketing to the bottom line.

'It was a great pleasure presenting the research publication to the media on behalf of CIMA' commented Ray, Brand Director of CIMA. 'As a director of CIMA and a fellow member of CIM I truly understand the importance of getting finance and marketing to work together to drive operating efficiency during a tough time like this.'

The presentation was backed by some very active Q & A from reporters. We were also delighted to have Dr Artie Ng, divisional council member to represent the division and support the event.

CIMA CPD networking event for members and students on ‘Return on ideas’ – 23 July 2009CIMA Hong Kong has organised a CPD networking event on ‘Return on ideas: how marketing creates money through better results from finance and marketing collaboration’ on 23 July 2009, we were pleased to have Mr Ray Perry, Director of Brand of CIMA, to share his views on this area. This seminar attracted over 70 participants. ‘I really enjoy attending this kind of seminar, every time I meet some new faces, sometimes I also bring over my friends with me!’ commented by one of the participants.

Other past events and engagementsMr Leo Cheung, Divisional President of CIMA Hong Kong, attended the accountancy professional bodies eminent 3 July 2009representatives get-together bi-monthly luncheon organised by The Chinese University of Hong Kong - Tung Wah Group of Hospitals Community College (CUTW)

Ms Amy Lam, Divisional Council Member of CIMA Hong Kong, attended the Wofoo Millennium Entrepreneurship 4 July 2009(MEP IX) semi final competition

Mr Leo Cheung, Divisional President of CIMA Hong Kong, attended the Wofoo Millennium Entrepreneurship (MEP IX) 18 July 2009final and prize presentation ceremony

Mr Leo Cheung, Divisional President of CIMA Hong Kong, and staff attended The Institute of Internal Auditors 20 July 200930th anniversary cocktail reception

Lunch seminar on ‘Return on Ideas: how marketing creates money through better results from finance and marketing 24 July 2009collaboration’ at the Hong Kong General Chamber of Commerce (HKGCC)

Joint CPD seminar with HKICPA on ‘Return on ideas: how marketing and finance can together add value’ by Mr Ray Perry, 24 July 2009Director of Brand, CIMA

CIMA booth at the School of Continuing and Professional Studies, The Chinese University of Hong Kong 25 July 2009

Mr Leo Cheung, Divisional President of CIMA Hong Kong, attended The Innovative Entrepreneur of the Year 2009 25 July 2009competition organised by JCI

CIMA Hong Kong Newsletter July 2009 �