CIMA Sri Lanka has vital role to play in future -PM

The new Government will take steps necessary the Create For A Social Market Economy highly competitive by strengthening the middle class population and increasing rural economy in the country, said Prime Minister Ranil Wickremesinghe.

"There is our deal with our international pressure have faced in the last five or six years, the world has accepted the fact that we are society Building a Democratic. Both it for, also want to strengthen FIRST Economy and we want to do our debt is found in the country and para entender Assets Where we are, "Wickremesinghe said during the 50th anniversary celebration CIMA Sri Lanka, last Thursday I welcome the Cinnamon Grand Hotel Colombo.

Ministers of the event, the president of CIMA Myriam Madden, CEO Charles Tilley, business leaders, all former presidents of the CIMA Sri Lanka and the actual address CIMA Sri Lanka they in this document.

Prime Minister Wickremesinghe said that the Ministry of Finance has DIO will evaluate v Task debt and the country's assets para understand the situation of the Country Financial real.

He said viable business and will also strengthen the State is back there ETF fund EPF pensions are widespread benefit of people in the country. In addition we will reverse more money in Education and Health a through budgets para v achieve the objectives set, "he said. The prime minister said that CIMA Sri Lanka has a vital role to play in the future." You have a vital role to play in Creation one Million Jobs, what does a Social Sri Lanka, the creation of a class means highly competitive market economy, increasing personal income and strong increase our rural economy, "he said.

CIMA Global President Myriam Madden said in the case of Sri Lanka Developing esta has a fast pace and encouraging crecimiento're.

It's therefore the CIMA Members contribute to the development of the Company significantly. BECAUSE only our members the very high level of a high work ethic and discipline.

"Today in Sri Lanka Over 1,500 Students 13,000 4,000 members and other members abroad. These and Prospective Members Current Members could play an important role for the economic development of the country," he said.

Currently, more than 60 students their Young Women percent, which could be considered model para Other countries one. "CIMA qualification is a world the majority of the people of Sri Lanka excellent positions in the business sector, including women," She said.

Cima E1 Exam Question No 31

Question No 31:

Which ONE of the following is a program that impairs data and software?

A. A virus
B. Corrective maintenance
C. Electronic Data Interchange (EDI)
D. Cyber bullying

Answer: A

Myriam Madden, CIMA President in Colombo

The Golden Jubilee celebrations of the CIMA Sri Lanka marked the 50th anniversary of its presence in the country it will be organized under the patronage of Myriam Madden, president of CIMA 2015/16 paid.

Myriam Post a busy CIMA world governance since 2007, including roles as deputy and vice chairman of Member Services of the United Nations and member of the Global Board of the Audit and Risks. Aussi She sits on the Board of Directors of the AICPA. Now she becomes 82nd President of CIMA, the role of the United Nations to chair the voluntary agreements governing the Institute and advocating pour CIMA and management accounting. Professionally, Myriam a strong background in finance and business in June with extensive experience in governance, corporate strategy, mergers, acquisitions and business transformation. Directs organizations OU Change Programme and financial functions include HBOS, Hewlett Packard, Agilent, Arts Council of Scotland and Historic Scotland NHS. Is She graduated from University College Cork with a Bachelor of Commerce and Business

Myriam, who will be in Sri Lanka from September 20 to 28, attend the wedding dinner to mark the presence pouring 50 24 CIMA Sri Lanka aussi September.She meet former presidents and the President of CIMA Sri Lanka and congratulate Council 100,000th member CIMA - Sri Lankan.Myriam being aussi important personalities UN meets During the visit to strengthen the presence of CIMA Sri Lanka.

Cima E1 Exam Question No 30

Question No 30:

Corporate governance is best described as?

A. A code for organisational direction, administration and control.
B. Stakeholder guidelines.
C. A system of penalties for unethical behavior.
D. The relationship between an organisation and the government.

Answer: A

Ignoring risk management endangers firms, study says

If you do not have a formal process of risk management in place, you are putting your business at risk, according to the new report, "State of Enterprise Risk Oversight, which was conducted by the Initiative for Risk Management Business the North Carolina State University the name of the designation Chartered Global Management Accountant (CGMA).

While the new edition of the report states that 60 percent of councils seek greater involvement of senior management to prepare for possible crisis. Resources However, many organizations, especially small and medium enterprises, are not dedicated to ensuring a process of risk management is in place.

The report, which includes results from a study of more than 1,300 executives worldwide, found that about 60 percent of organizations increasingly complex issues of risk 'were faced five years ago.

Despite this, less than 35 percent of organizations have launched a management program formal business risk (ERM) - a framework to identify and prepare for future threats to the basic business model of an organization and a plan strategic.

"With three out of five companies facing increasing risks, and regulatory, shareholder and organizations are beginning to demand more effective risk management agencies is essential to the management teams to take a closer look successful their programs risk management and make them more robust, "said Noah Ash, vice president of external relations, the AICPA.

"Identification with rigor and deal with potential threats is crucial for long-term success of a company, the pressure to test the effectiveness of risk mitigation plans and provide a competitive advantage in the marketplace."

Cima E1 Exam Question No 29

Question No 29:

What is Data?

Data consists of numbers, letters, symbols, raw facts, events and transactions which have been recorded but not yet processed into a form that is suitable for making decisions.

CIMA and The Hackett Group Launch First Ever

CIMA and The Hackett Group Launch First Ever Life-Long Learning Program for Global Business Services and Shared Services Sector:

 CIMA and partner Hackett Group to create a new professional body, The Association of Global Business Services certified professionalsMIAMI AND LONDON The Chartered Institute of Management Accountants (CIMA) and The Hackett Group, Inc. (NASDAQ: HCKT) today announced the first of more development program career official Global Business Services (GBS) and shared services sector. This follows the announcement of a strategic partnership between the two companies earlier this year. To enhance their cooperation and support to GBS, CIMA and The Hackett Group formalized its alliance with the creation of a new professional organization, professional certificates Association Global Business Services sector.
 Based on the classification Global Business Services in conjunction brand launched in April, the program will introduce two new levels over the next year, each with a title and the corresponding description. At each level, the new development program teaches the skills and competencies required by employers to achieve the highest standards of excellence. The three levels will now be: The Certificate of Global Business Services (ONGC), now available, replacing the rating of Global Business Services; the degree Global Business Services (SPMD) available in the summer of 2016, designed for those mid-level; and Higher Diploma in Global Business Services (ADGBS) available in the spring of 2016, for those at the executive level.

Participants in these programs also have access to a new knowledge center, providing access to documents, such as case studies, frameworks and performance measures of The Hackett Group, CIMA, and other organizations. The knowledge center is designed to help participants through the exams and learning throughout life, with the additional hardware unlocked as complete individuals certification of all levels.

 Ted Fernandez, president and CEO of The Hackett Group, said: "The world is changing rapidly GBS from beyond attention to the simple functions and transactional work to offer an integrated approach of business services, and a focus on a greater knowledge of these skills focused on strategic thinking and analysis, data modeling, people management and change management. Our new program is designed to help support this evolution, allowing the leaders of GBS to equip their staff with the skills and knowledge they need to succeed.

"These training programs provide value in a range of ways," Fernandez said. "To the leaders of GBS, our training and certification offerings provide the ammunition that can help convince senior management who are willing to take on more complex and responsible process. These programs are also a great way for organizations to recognize GBS more efficient and improve the retention of key personnel. For GBS staff, this represents an exceptional opportunity for development, and to improve career mobility. Finally, our programs are a great way to subcontractors for competitive differentiation " .

Charles Tilley FCMA, CGMA, CEO of CIMA, said: "As the largest and the first professional body of management accountants world, supports CIMA members and students in 179 countries through our intensive training and rigorous practice education and continuous professional development services we are. Proud to be applying our experience now GBS sector. Professional GBS need the skills and knowledge to provide the kind of sophisticated strategic service that the sector is evolving towards council. We have helped teams management and worldwide gather the information they need to inform strategy formation and implementation and will support organizations of GBS in their attempt to do the same.

"Until now, organizations of GBS and its employees were unable to reach their full potential due to lack of specialized training. With this new step in the partnership with CIMA The Hackett Group, we respond to this clear need. As the first and only organizations that provide education for the sector in the long run, will help professionals GBS to achieve and maintain levels of world-class performance and ultimately better enable and support business strategies that serve. "