Thursday, 29 December 2016

CIMA and CIPFA Offer New CGMA Entry Route

The Institute of Management of Public Accountants (CIMA) and the Collegiate Institute of Public Finance and Accounting (CIPFA) today announced the launch of their new "CPFA to CGMA Recharge through the CIPFA gateway."

This fast track allows qualified members of the CIPFA to improve their qualification and obtain full adhesion to CIMA and the CGMA (Chartered Global Accounting Management) designation recognized worldwide.

The new road is open to British and international CIPFA members.

CIPFA members can receive a maximum of 14 exceptions to the new form CIMA Gateway. After going through the exam gateway (also known as a case management review), they can move to the strategic case study review, without going through the three strategic objectives objective tests.

In addition, they will have access to a wide range of student support and study services through the CIMA CIMAconnect online student community.

"CIMA is very excited about the growing collaboration with CIPFA," said Andrew Harding, CEO of CIMA.

"This is an important step in strengthening our partnership with one of the most respected public sector professional organizations. Our CGMA designation is recognized worldwide as the designation of management accountants."

Rob Whiteman, CEO of CIPFA, said: "This historic offering gives CIPFA members a fantastic opportunity to develop their skills in management accounting.

"With the reconfiguration of public services, our members are increasingly working in public settings and organizations require multiple specialized skills across sectors.

"The new route is committed to supporting this initiative by building capacity and maximizing value for employers seeking staff to further their ongoing professional development."

Monday, 26 December 2016

UK – Majority of Accountants not Satisfied With Their Recruitment Partner

Data from the Institute of Accountants Management and the specialist of the Global Network of Accounting Recruitment, 41% of accountants are satisfied with their recruiting partner and almost a third, 31%, say they are "positively" dissatisfied.

The survey, which gathered responses from nearly 8,000 Institute members and student members, revealed that 71% of qualified accountants and 54% of students had prior experience with a selection consultant. The report concludes that levels of satisfaction vary considerably from one sector to another. In banking, for example, 33% of respondents reported being satisfied with their recruiter, manufacturing and engineering, on the contrary, 48% were satisfied with their experience.

When asked dissatisfied with the changes they wanted to see in recruiting partners, the most frequently mentioned suggestions were: "Listen to customer needs" (70%), "better information about jobs and clients' (45%) and "reactivity" (40%). Respondents from the banking sector had "market knowledge" as the third most mentioned improvement.

"At a time when demand for the top talent in accounting is booming, it is a concern that the recruitment sector as a whole does not meet the needs of candidates and clients," said Adrian O Connor.

"When we talk to our network of how they found the other recruitment services, the message is always the same, that other recruiters are not listening to their needs and to be frank with the advice they give, T consider themselves sufficiently informed of the possible functions or Candidates, "O'Connor said. "It's a shame that a percentage of the members of the Chartered Institute of Management Accountants are not satisfied with the service being offered."

"The decision to move to a new employer is often not taken lightly, a new job can really change lives, and recruiters have a professional responsibility to manage the timely and effective process," O'Connor said.

"It is interesting that when asked what are the most important criteria to look for in a recruiting partner, less than one in five (19%) consider a personal recommendation as an important factor. Only a third (32%) believe That the knowledge of the consultants is important.It seems that accounting professionals perhaps should spend more time researching the hiring partner would be better suited to their individual needs before entrusting their careers if they want to avoid future disappointments.

Thursday, 15 December 2016

New Accountancy Business Launches in King’s Lynn


TaxAssist New business accountants dedicated to providing support to small businesses just opened in Lynn.

Simon Hunt, who has been working for more than 20 years in the financial sector, has launched and has hired three members of the team.

Simon, who is a Certified Accountant, said: "I have a strong entrepreneurial spirit and I always wanted to have my own business." After years of working for others and the last three years as an independent financial consultant, I decided it was time To start my own accounting practice.

"Having started my own career apprenticeship accountant and the two qualified full-time I am looking to recruit, I am anxious to employ an apprentice to learn at work and who can support with their AAT studies."

A member of the Chartered Institute of Management Accountants (CIMA) and the Association of Accountants (AAT), Simon opened the office at the King Lynn Innovation Center (KLIC) and plans an official opening event in New Year.

"The office is conveniently located with plenty of free parking, making it accessible to small business owners and, being right next to the A47, it is very well connected by public transport."

Lynn TaxAssist King Accountants specializes in providing accounting, tax returns, payroll, accounting, tax saving and tax advice for small businesses.

Thursday, 8 December 2016

Business Executives Express Strong

Business Executives Express Strong Optimism in U.S. Economy in AICPA Post-Election Survey

According to the American Institute of CPA's (AICPA) Quarterly Economic Outlook Survey, which surveys CEOs, CFOs, regulators and other certified companies, business leaders have reported an increase in optimism about The prospects of the United States economy. Public accountants in US companies that occupy positions of senior managers and executives. The investigation is in the plant the day after the day of the elections.

 Optimism about the outlook for the US economy over the next 12 months rose from 38 percent last quarter to 62 percent, the highest since the beginning of 2015. It had been as low as 28 percent starting in 2016.

The optimism of entrepreneurs to the prospects of their own organizations also reached its highest level (61 percent, 8 percentage points more than last quarter) since early 2015, as well as for-profit expectations and income in the next year. Three out of four respondents said the outcome of the presidential election would impact their planning, budgets and forecasts for next year, with 15% saying it would have a significant impact. But most have said that the election would have no impact on their hiring and capital expenditures, or that they just continue to treat these classes at their current rate for now.

Optimistic about the US economy that have specifically cited election results in the comments said they were encouraged by the possibility of reduced regulation, reduced income taxes and repeal of the Affordable Care Act.

 "We are seeing renewed confidence in the US economy, from the encouraging signs on the prospects for revenue, earnings and business growth in the third quarter," said Arleen R. Thomas, CPA, CGMA, AICPA global bids. "Eliminating the uncertainty that the cycle of presidential elections represented seems to be an important factor in this significant increase in optimism."

The AICPA survey is an indicator for the future after hiring and business-related expectations over the next 12 months. By comparison, the November report of the US Department of Labor, released last week, tracks the recruitment trends of the previous month.

The Outlook CPA index - a complete confidence executive measure within the AICPA survey - rose five points in the fourth quarter to 74, mainly due to higher economic category optimism in the United States. The index consists of nine measures of research also established weighted on a scale of 0 to 100, with 50 considered neutral, that is, the most positive feeling.

 The overall index is at its highest level since the first quarter of 2015 but remains below a peak of the subsequent recession of 78 September in the fourth quarter of 2014. All components of the index increased in a quarter and Were stable or increasing from year to year.

Other key findings of the survey:

1 Expectations for revenue growth over the next 12 months rose 2.9 percent last quarter to 3.6 percent. Earnings expectations increased from 2.3% to 3.1%. Both categories recorded a strong recovery after the first quarter of this year.
2 Approximately 62% of business executives said their companies anticipate they will grow over the next year, as the last quarter.
3 There has been a slight improvement in the plans for the addition of the labor force in the next 12 months, from an expected increase of 1.3% from the previous quarter to 1.6%. One in five business executives said they planned to hire new employees immediately, slightly less than 21 percent in the last quarter. But 55 percent said they currently had just the right amount of employees.
4 Approximately 28% of employers said that inflation was a concern, the highest level since 2014.
5 Regulatory requirements and changes continued to be the main challenge faced by researchers. Costs of benefits were second, a jump of two places compared to the previous quarter. The national economic conditions have completed the first three.


methodology

The fourth quarter of the AICPA Survey of Industry Economics Prospects was conducted Nov. 9-30, 2016, and included 600 qualified child protection responses that have post

Thursday, 24 November 2016

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Sunday, 13 November 2016

Axbridge Student Named one of the Best in the World

Somerset ranked student in the top 10 in the world after completing an accounting review.

Mark Jones, 27, was honored by the Institute of Certified Public Accountants (CIMA) for one of his professional exams.

Mark, a student in finance of the Cross, was one of 1,555 people to take the exam and was seventh.

He said: "Getting a CIMA price for my opinion was a great privilege."

Thursday, 10 November 2016

Cima E1 Exam Question No 69

Question No 69:

What is product development?
Involves the redesign or repositioninng of existing products or the introduction of completely new ones in order to appeal to existing markets

Sunday, 6 November 2016

Krishan Balendra and Gihan Cooray appointed JKH Executive Directors

The senior management of the John Keells Group, Krishan Balendra and Gihan Cooray were appointed Directors of the John Keells Holdings PLC Group (JKH) as of November 5, 2016.


This is in line with succession plans for current directors retiring in 2017 and 2018.


Balendra, which owns 9.65 million shares of JKH, is currently Chairman of the Leisure Industry Group and president of the Trust Bank of the PLC Nations. He joined the Group in 2002 as Director of Corporate Finance and has also served as President of the Distribution Sector in the Consumer Food Industry Group. He was President of the Colombo Stock Exchange and has worked for UBS Warburg in Hong Kong in investment banking and Aitken Spence Corporate Finance in Sri Lanka. He holds a law degree from the University of London and an MBA from INSEAD.

Cooray, which has 139,033 shares of JKH, currently the chairman of the retail sector and is also responsible for the finance functions / Strategy and Treasury Group at John Keells Capital and John Keells Research. He is also a trusted bank director of the PLC Nations.
He has an MBA from Jesse H. Jones Graduate School, Rice University Administration in Houston, Texas and associate member of the Institute of Chartered Institute of Management UK Accountants and a Certified Accountant Management Institute of Certified Management Accountants , Australia.


He earned a degree in marketing from the Chartered Institute of Marketing, UK.
Balendra and Cooray respectively serve in the Ceylon Chamber of Commerce as members of the Main Committee and the Subcommittee.

Sunday, 30 October 2016

Chair Named for New AICPA/CIMA Association

Andrew Miskin was named inaugural president of the Professional Association of Certified International, the new world organization accounting created by the American Institute of Certified Public Accountants and the Institute of Management Accountants.

Miskin is currently President of CIMA, which continue to play a role.

Immediately afterwards, the president of the AICPA, Tim Christen, will serve as vice president of inauguration of the new association.

The new partnership was established in early 2017 and should represent more than 650,000 accountants worldwide. It was approved by a vote of the members of the AICPA and CIMA earlier this year (see "AICPA / CIMA Proposal approved in the landslide"). (Http://www.accountingtoday.com/news/firm-profession/aicpacima-proposal-approved-in-landslide-78441-1.html)

The new organization will have a board of directors composed of CPA and CGMA, whether led by the President of CIMA, either by the President of the AICPA on a rotating basis.

"The launch of the Association of Certified International Professional Accountants is an extraordinary step in the evolution of the accounting profession," said Barry Melancon, president and CEO of the AICPA, which will lead the association as CEO. Miskin is the right person to take the helm as its first president. He is a respected exchange with extensive experience in accounting and a commitment to driving quality and value for businesses and economies worldwide agent.

"These are exciting times for our profession days. The technological changes are transforming business models and creating new ways of working, which means that the world of finance and accounting includes new challenges and great opportunities," said Mr. . Miskin. "The association will keep our members at the forefront of market needs, providing knowledge, skills and knowledge to continue to adapt and prosper. I have the honor of being named the first president of the association and play a role in this evolution."

Sunday, 23 October 2016

Perkins+Will appoints new finance director for Dubai office


Perkins + Will Ganesh Prabhu appointed as Director of Finance for Dubai office, where I am responsible for the overall financial management of greater business growth through the center of the Middle East.

Announcing the appointment in a statement, Perkins + Will Said Prabhu was CFO Middle Previously East, the international law firm Simmons & Simmons based in Dubai DIFC, which has recently led and completed a restructuring of operations in the Middle East.

Degree in mathematics and a management accountant qualified Chartered Institute of Management Accountants UK and accounting expert GIM (CIMA, UK and CPA, USA), Prabhu holds a degree in Islamic Finance Past CIMA.

I have handled the financial affairs in major international law firms for over 12 years throughout India, Bahrain, Singapore and Dubai, he said, responsible for financial and accounting operations in major transformation projects of the company. Also I have experience in entertainment, hospitality and retail industries.

"I am delighted to join Perkins + Will at a time when the company has experienced, and everything continues to grow at a significant pace in the exciting Middle East market," Prabhu said.

"The study of Dubai began in 2010 with less than 10 people, and now is in September to surpass the 100 mark soon. As Perkins + Will is still based on its award-winning design projects world-renowned and developed in the Middle East, I am delighted to support the study in Dubai, local and regional strategies achieving transparent and efficient manner. "

Dana Waymire, global financial director of Perkins + Will, added: "We are delighted to be part of the office have Ganesh proven and impressive track record in the professional services industry Address Makes perfect package to suit our team.".

Sunday, 16 October 2016

CIMA Global Honours Past Ghana Chairman



The Chartered Institute of Management Accountants (CIMA) Global honored its immediate past president of Ghana Address, Mr. Jonas Sowah Quaye, with its highest honor recognition "Plaque of the Institute."

In a Night awards event held in Accra on September 16, Mr. Quaye, Chartered Accountants Management Fellow (FCMA), was recognized for his immeasurable service and invaluable contribution to CIMA Ghana since 2001.

As counter global management letter (CGMA), Mr. Quaye CIMA served on the committee of the branch in various positions, including publicity secretary, vice president, president and chairman.

Before his retirement in 2012, he was past president for two years and also served on the Regional Council for Africa and the African Management Forum in 2011 and the Global Markets Committee the same year.

This "plate" in the name of global CIMA, President of the Steering Committee of Ghana, Mr. Augustine Kessie, highly praised Mr. Quaye and urged all potential holders of offices to imitate his example, saying that the sky is not You should be limited in their aspirations.

citation

The citation accompanying "plate", recognized the role of Mr. Quaye in the development and growth of the CIMA brand in Ghana and tireless efforts for the recognition of the profession of management accounting in Ghana.

He said that through the efforts of Mr. Quaye, the CIMA qualification has been generally recognized by companies and CIMA qualified management accountants positions in key roles in that success going.

acceptance

In accepting the award, Mr. Quaye expressed the happiness of being in CIMA service, saying: "It was a pleasure to return to the profession, service CIMA and see so many young talented accountants come in rows.

Mr. Quaye who is currently the CEO of JOSOQU Investments, a fund of private equity, retired from active service as managing director of Air Ghana in 2011.

 During the first Honors Night event nine players on the 2015 review of CIMA received certificates of recognition; last six finalists were recognized, 15 new members of the Association of Chartered Institute of Management Accountants (ACMAS) and FCMA were recognized as well.

Sunday, 3 July 2016

Herefordshire Student Comes First Place in The World in Latest Accountancy Exam

A student COUNTY beat other people in the world to come for the first time in the last Chartered Institute of Management Accountants (CIMA) exams case studies.

Allegra Fowler Wright, currently the Graduate financing plan for Mondello? Z International, the world's top operative in the study of cases CIMA exam wine.

At 23 years old, he studied at the exam with BPP and scored 130 of 150, beating over 1,100 other students in the exam in the world.

Miss Fowler Wright, who now lives in Edgbaston, grew up in Hereford and attended St Marys High School and Hereford Sixth Form College before obtaining a first class degree teachers of mathematics at the University of Warwick.

 To become counter global management, students must complete 12 professional qualification exams that require personal study and dedication.

It is complemented by a three-year experiment that can be acquired while studying.

She said: "It was fantastic and I was told that I was in the top ten in the world in this test was made all the hard work and study worth ..

"The test was very hard, but had a great support for both GPP and my employer.

"I'm making progress on the road to be complete and reviews so far I have not given not only basic knowledge of management accounting, but helped me to also understand the broader business of my work context."

Thursday, 30 June 2016

Cima E1 Exam Question No 68

Question No 68:

Which ONE of the following is NOT associated with quality management?

A.
5-S practice
B.
180 degree feedback
C.
Six Sigma methodology
D.
Five-why process

Answer: B

Sunday, 26 June 2016

CIMA, AICPA to Form New Association Representing Accounting Profession

Chartered Institute of Management Accountants (CIMA) and the American Institute of Certified Public Accountants (AICPA), come together to create a new association representing the magnitude of the accounting profession.

The new partnership will represent 600,000 current and next generation professionals. It will complement rather than replace the two constituent organizations. members of CIMA and AICPA members retain their existing member organization, but will gain additional adhesion of the new association.

The decision to create the Association was taken after the bodies of both organizations members voted to approve the motion on June 16, 89.7 percent of CIMA members and 86.5 percent of AICPA members voted in favor. The Association will launch in 2017.

President of CIMA Andrew Miskin said: "We live in a period of rapid change and increased competition In response, I am delighted that the members of CIMA and the AICPA have approved the proposal to create a new partnership so we can go. ahead of market trends and developments.

"We will build on the history and strengths of both CIMA and the AICPA, which will allow us to accelerate our strategy and expand CGMAs opportunities worldwide."

The formation of the Association represents a deepening of the joint venture CIMA and the AICPA have operated since 2011, which expanded management accounting in the United States, and has created a new global designation, Chartered Global Management Accountant (CGMA) .

The proposal aims to ensure that resources and global reach that comes from the integration of operations of two of the most influential bodies in the world accounting members also benefit from the additional relevance.

Students also have access to other learning tools, as well as benefit from greater recognition of the qualification they are studying towards.
AICPA President and CEO Barry Melancon said: "In developing this proposal, we have carefully arranged commitments PCA and CGMA, CIMA and the AICPA and public and management accounting practice we are excited to develop a way forward that reflects. the way the world is changing.

At the same time, we will be extremely careful to protect our collective history and solid reputation both organizations have built over the last century. This is to build on what is great -. And to cope with a world in exciting evolution "

Thursday, 23 June 2016

Cima E1 Exam Question No 67

Question No 67:

Electronic Executive Information Systems (EIS) and Expert Systems (ES) are examples of?

A.
Customer relationship management software.
B.
Database management systems.
C.
Computer networking.
D.
Decision based software.

Answer: D

Sunday, 19 June 2016

AICPA/CIMA Proposal Approved in Landslide

A new international association of accounting proposed by the American Institute of Certified Public Accountants and the Institute of Management Accountants was overwhelmingly approved in a separate vote of the members of the organization.

Of the 56,560 AICPA members who voted, the vast majority (48,945 or 86.5 percent) approved the proposal, according to the tabulation systems, survey and independent voters. Only 7615, or 13.5 percent, voted against. About 15 percent of the voting members of the Institute participated in the vote; According to sources close qualify similar member organizations of the same size, which is much higher than the usual average of about 11 percent.

An even higher percentage of CIMA members who voted (89.7 percent) approved the proposal, based on its independent tabulator, Electoral Reform Services. Ballot ended June 16

The new association aims to represent about 600,000 counters worldwide, but keep the body and the benefits of individual members of the AICPA and CIMA.


The work to create the new partnership should begin immediately, waiting for a launch in 2017. All members of the AICPA and CIMA have dual automatic membership in the association at no additional cost.

AICPA president Tim Christen "APC has a long history of recognizing and stay ahead of the trends shaping our industry and the environment, we do business," he said in a statement. "This will benefit APC and CGMAs and all the accounting profession in the world".

"In developing this proposal, we have carefully arranged PCA commitments and CGMA, CIMA and AICPA and public and management accounting practice," said AICPA President and CEO Barry Melancon in a statement. "We are excited to develop a way forward that reflects the way the world is changing. At the same time, we will be extremely careful to protect our history and solid collective reputation both organizations have built over the last century. This is build on what is great -. and face a world in exciting evolution "



The AICPA and CIMA were involved in a joint venture that began in 2011, and launched the global counter management certificate in 2012.

The AICPA and CIMA were involved in a joint venture that began in 2011, and launched the global counter management certificate in 2012.

"Our joint strategic alliance with the AICPA has had great success, so this partnership is being developed," said CEO of CIMA Charles Tilley said in a statement. "By doing this, we will support our members and students, which means that the two largest resources and weight of a large organization behind them."

Thursday, 16 June 2016

Cima E1 Exam Question No 66

Question No 66:

Which one of the following is NOT a benefit of corporate governance?

A.
Improved access to capital markets.
B.
Stimulation of performance.
C.
Enhanced marketability of goods and services.
D.
Prevention of fraudulent claims by contractors.

Answer: D

Sunday, 12 June 2016

Why Finance Isn't Just a Man's Game

Cima creates a balanced ground for women in finance industry


Financial industry has always been a male dominated, especially at higher levels atmosphere, but this trend is changing, said Geetu Ahuja, director of the Chartered Institute of Management Accountants (Cima) for the Middle East, North Africa and Pakistan.

"Having more women in leadership positions is linked to the improved financial results of major women work in different ways men and can bring real competitive advantages for businesses," Ahuja, who was born and raised in Dubai.

Best known as a young director and his business and leadership Ahuja has over 15 years experience in leading organizations operating in various industries, with credit cards from financial institutions, loyalty programs, marketing and branding solutions.



"My role in the Cima was an enriching experience, where in the past six years, I have had the opportunity to lead strategic planning, expansion and market growth of the company in the Gulf region," he said.

"Most of my work involves feeding Cima and equip young talent with business and finance essential skills, empowering them to contribute positively not only to their success or personal organization, but also the progress and growth of the economy" he added.

The leader's role and vision Cima became even wider to support rapidly developing economies with competent professionals able to grow sustainable enterprises that can have a significant positive impact on the ecosystem of a nation. La Cima is the largest and leading audit professionals worldwide management within the Gulf Cooperation Council, or GCC organ.

Globally, Cima has one of the highest growth rates among the female members of all institutes of accounting since 2003 with more than 65,000 female members and students abroad. Top women in leadership campaign supports the advancement of our female members in senior positions and promoting the accounting profession students internationally.

"Our women in leadership '' reports to the challenges that impede the advancement of women in a sector traditionally dominated by men, and most of the advice and recommendations contained therein are valuable for men, too. This report also contains valuable advice for employers on how to nurture and capitalize on female talent. again, the network of our women in the group LinkedIn Cima offers a platform for female members and students to share tips on career advancement, seek advice and to network with their peers, "Ahuja said.

While driving strategic planning, management and development of the Summit of the GCC region, Ahuja also works to encourage young people, especially young women to pursue careers in finance and business and assume the functions of high-level advice such as becoming a management accountant, a position that increases sought in the business world.

"I personally, for longer, had a team of all women. This decision was not intentional, as I see professionals for their skills, competencies and what they bring to the table. It is good to have a balance, both men women have their strengths, styles of management, planning and strategic thinking, and provide the skills that are essential to the growth and success of an organization, "he said.

Creating a balanced plant between men and women, Ahuja believe that leadership is not about sex, specific skill set, knowledge or experience, it is how "we collectively, with our mix skills and learning, generate impressive results and make positive results as a team. "

"As regards the exercise of their responsibilities, personally or professionally, never mind sex is brought in. I think if it is humanly possible, everyone should be able to."

Ahuja said that professional success is not possible without tasting the ups and downs, although experienced both situations that come with running a business. She prefers to focus on the silver lining of market volatility, or a complex business environment, ambiguous.

"As difficult as it sounds, it helps keep the mind alert and on the road in no time. I took over Cima when companies around the world moving with cautious optimism. For me it was an opportunity to ensure that my team and I have worked hard to ensure that our community remains motivated and successful in their personal and professional papers.

"One of the biggest attraction of this experience is that we as individuals must continue to adapt to changes in housing, without deviating from our vision of helping people and businesses succeed," Ahuja said.

Some of the key mantras that contributed to the extent of management experts in which it exists today is the determination, commitment and passion.

"You can achieve whatever you put your mind to. By focusing on what you want to achieve, they are comfortable with what you are paying attention to your leadership style and stay humble with a positive attitude," she said.

"It's important to have dreams and aspirations and more important for you to work hard to achieve them. However, we must remain flexible and realistic as the market situation or life changing overnight, and you should be prepared to make changes necessary to ensure that it is always on track to achieve their ultimate dream, "he said Ahuja. -

Thursday, 9 June 2016

Cima E1 Exam Question No 65

Question No 65:

Balanced trade is

A. A national economic alternative to free trade.
B.
An example of free trade.
C.
A form of supply chain agreement.
D.
A form of alliance with other companies.

Answer: A

Sunday, 5 June 2016

New Role For Accounting Industry Stalwart

A figure of well known Industry, who served seen as Chairman of the Institute of Chartered Accountants agrees, general manager of a medium-level technology and address a new role Décroche cook.

David Smith one AdviserLogic incorporated as a strategic consultant and serums Bote join the Board of Directors of the company as CEO no.

Mr. Smith is a respected industry Although accounting, software development and circles Financial Services figure. He created a software company successfully, including a first smsf management platform that was sold to Solution 6 (now part of MYOB) in 1999. He also spent several years in the Council CountPlus and was director general of the short class limited before its recent introduction bolsa.

Is an assistant of the range of companies such as UN consultant, executive director of any president or any executive. Mr. Smith was previously a partner of PKF (now BDO) Sydney, is a former director and president of the Institute of Chartered Accountants in Australia (Now he's Agreement Accountants in Australia and New Zealand). He was also president and CEO of investors UN no risk of a life support that has already been absorbed by Macquarie Group.

"We are honored that someone of the caliber of David, one agreed to take on this important role Let us systematically in the next enterprise development, construction of nn more than eight years of success to date," one of them said Daniel Gara, head of product development, AdviserLogic.

"Experience Son as" capital firm and "Serums AdviserLogic essential for the Group as we benefit from the restructuring disturbance and aggregation Financial Services accounting and time and know a stream on the horizon" experienced declare Mr. Gara.

Smith will emphasize the strategy and governance converter AdviserLogic rescuer and the review of mergers and market prospects.

"A victim of post-FOFA sera of small or medium-sized players who only offer similar services that are available on the route or on the Internet. We see the Emerging Opportunities and Consolidation, conversely, walking disturbances among other products and suppliers Services "to declare Smith.

AdviserLogic is a technology company Services Financiers AUSTRALIAN that customizes Business Solutions financers for planners and advisers rising tone.

Sunday, 29 May 2016

Prince Sultan University Signs Accord with CIMA


The Chartered Institute of Management Accountants (CIMA) and the University Prince Sultan signed an agreement that will allow students to obtain certification and CIMA world title with his graduation degree.

Prince Sultan University in Riyadh was formally established in 2003 and is the first private university in the Kingdom. Students at the University accounting now be able to accelerate their professional development and to accelerate their progress directly from the CIMA Diploma in Management Accounting levels.

Geetu Ahuja, Head of Middle East, North Africa and Pakistan, CIMA, said. "CIMA provides a more relevant training for the company and recognized finance internationally The rating focuses on business performance, management and finance, giving students an advantage to be placed through any business function. by the time students who are not only financially qualified, but also training in business, able to advise on corporate strategy management and management graduate risk. "

Dr. Ahmad Al-Yamani, president of the University Sultan Prince, said: "Today's business environment can be very difficult, especially for new graduates looking to enter the workplace Our partnership with CIMA will allow our students. build a successful career when they graduate and help them find new business opportunities, finance and related areas. "

Sunday, 22 May 2016

Try Global Accounting For Your Desi Business

The Chartered Institute of Management Accountants - CIMA put an updated accounting CIMA (Cert BA) in India certificate underway. The certificate reflects the needs of employers for professionals who add value to your organization. Shane Balzan, responsible for developing global program of CIMA, which launched the Certificate in Business Accounting 2016 in India, talks about the relevance of a certificate of this kind for Indian students. Excerpts ..

Why he chose India to launch the updated accounting certificate?

India remains one of the key potential markets for CIMA to date. We have some of the largest universities like the University of Christ, Manipal University and the University Gitam offering the course of thousands of students. CIMA has already established a connection between students in India.

What are the career options that this course could lead to?

The Certificate in Accounting is a foundation for a career in business and finance, and is a way of becoming an accounting management system general admission. In the end, they can continue to take CIMA professional exams or study part time or full time.

What is the relevance of the certificate of many career options today that Indian students?

Open to the need to be relevant in the global context Indian organizations. Today, business houses of India have companies in different countries and sectors, and relevant management accounting and insurance to help translate an overview of business decisions. There is no better time to embrace the management accounting in India now. Indian students seeking global careers find the right tool in this rating.

Today, business houses of India have companies in different countries and sectors, and relevant management accounting and insurance to help translate an overview of business decisions. There is no better time to embrace the management accounting in India now that Shane Balzan, CIMA

Thursday, 19 May 2016

Cima E1 Exam Question No 64

Question No 64:

Process maps can highlight which ONE of the following:

A.
Incidences of where costs arise in a process
B.
Incidences of where benefits arise in a process
C.
Duplication and unnecessary steps in a process
D.
'Floats' in a sequence of activities

Answer: C

Sunday, 15 May 2016

What we saw at the CIMA Mind Challenge

There was no sleep in the spirit CIMA contenders challenge. Hilton residences runners were seen with equipment ready to be interviewed. To mark the jurisdiction of the Mind Challenge 18 annual morning was an important test for students of CIMA who put the case together opportunity.

Chief guest of the morning was the president of CIMA Sri Lanka Board, Manjula De Silva. "Sri Lanka is the biggest market" for qualification in the UK, he told the combat ready crews, and is the largest outside their country of origin market. enthusiastic contest, the president admitted to represent several of his former physical education in several surveys as a student. Often said. "Good things are not fun, and fun things are not always good" Coming through indulgence "no fault" questionnaires, was seen working quietly answered questions.





40 teams from all professional and educational field began later but only eight survived. Dialogue and Fonterra were among corporate teams still standing, while a team from the University of Kelaniya also flew its colors. Glitch-buzzers and do not take away from the other entertaining way round.

Business and Current Affairs, CIMA Curriculum, Sports, Entertainment, History and Geography were the obstacles thrown their way into the final rounds of the competition. 4 teams entered this stage that quickly became a show full of intellectual gladiator style down between the teams ranked in the top.

Runners-up were the team members 'environment' Tharindri Rupesinghe, Jetha Elvitigala, Shama Ameenudeen, Sarith Samarajeewa and Sean Baliah.





The first place winners and return tickets to Sigiriya was a team of alumni of Ananda College, called "Ex ACQC. Deran Hewavitharana, Darshana Gamage, Lukshitha Lokugalappaththi, Virâj Indula Madushanka and Dian were its members.

Thursday, 12 May 2016

Cima E1 Exam Question No 63

Question No 63:

The need for external accreditation is associated with which ONE of the following?

A.
Total Quality Management
B.
SERVQUAL
C.
ISO 9000
D.
Six Sigma methodologies

Answer: C

Thursday, 5 May 2016

Cima E1 Exam Question No 62

Question No 62:

Mintzberg's design of an effective organisation does NOT include which ONE of the following categories?

A.
Technostructure
B.
Outsource partners
C.
Operating core
D.
Strategic apex

Answer: B

Sunday, 1 May 2016

Accounting Alone

Until about fifteen years, political scientist Robert Putnam ago has caused a bit of a touch with his book Bowling alone, citing the famous drop in the number of people who bowl in leagues as a substitute for a decline in "social capital" and citizen participation in the United States over the past 50 years.

Then the media has taken place, and nobody worried about the social commitment (or if they have, it was to say that we could have too much of it). And in any case, it was unlikely anyone to write anything called "single accounting" (except me now) - accountants have always been committed to their profession, both before and after social media.

So why bring this up now? Because I will encourage everyone to their level of commitment. If you're not part of a group of his colleagues, join a - or create one. If you already belong, participate in a committee or volunteer for a position. And if you do all those, start recruiting others to join, and increase their level of commitment, too.

Why? First, it is good for you, at this time.

Whether through a forum of active social media as QBOChat, the local branch of the CPA firm state, or a larger organization, such as an agreement or a network, or the National Conference Professional or the American Institute Public Accountants CPA interact with their fellow practitioners will help to solve problems, learn new valuable things, recruiting and retaining new employees, promote your business and find new business and mergers and partners. With increasing competition both within the profession and outside, now is the time to enjoy the will of accountants to share all kinds of valuable tips and best practices with colleagues.

And secondly, it will be good for the industry, now and in the long run. As it continues the release of the baby boomers, accounting, like everything else, it will fall by demographic cliff, even with regard to ride the younger generation being attracted to other areas. A vibrant, highly committed profession will be better able to overcome the departure of the baby boom, and attract new members to fill their spots, there is nothing to identify new opportunities for its members say.

If you are a member of the AICPA there is already a great opportunity to talk to their profession happening now. In the week after the April 18, you should have received an email from the institution in the vote on a proposal to create an international association with the Chartered Institute of Management Accountants. The new group would be an important accounting basin internationally, while preserving the bodies of the individual members of the AICPA and CIMA.

In our April issue, we find an article written by the vice president of the Institute Carl Peterson about why he thinks the proposal is good for the profession, and our May issue we find an article by Noah Ash Institute on value of world public accountant credential management, which was the main product of the original joint venture between the AICPA and CIMA. On the side of the scam, columnists our spirit accounting, Profs. Paul Miller and Paul Bahnson oppose the proposal in his column in May (and almost everywhere else).

Whatever side you take, the ballots are due on June 16, and taking into account the potential of the proposal in the profession impact, both here and abroad, it is important that everyone grief.

Thursday, 28 April 2016

Cima E1 Exam Question No 61

Question No 61:

When government regulation and restriction is absent the effect is

A. Protectionism.
B. Economic nationalism.
C. Liberalisation.
D. A mixed economy.

Answer: C

Sunday, 24 April 2016

The Chartered Institute of Management Accounting: Major Step in Professionalising

The Chartered Institute of Management Accountants (CIMA) has sponsored the creation of the first accounting standard for world management, encoding a universal framework for best practice in decision-making.

PAS 1919: 2016 Guide to the principles of management accounting was published this week by the British Standards Institute, with the participation of organizations, including Sky, the Environment Agency, Fujitsu, Siemens and the NHS. It is intended as a guide of good practices for accounting management, organizations assess their role of financing and unlock the full contribution that management accounting can afford.

Tony Manwaring, executive director of CIMA, foreign affairs, said: "In the environment of rapid and difficult today, it is essential that organizations from all sectors, geographies and of all sizes can make decisions about driving success short, medium and long -term. PAS 1919 provides a better framework in its class to allow the leaders of the public and private sectors and the third to do so.

" The specification is based on accounting principles Global Management, created in 2014 by CIMA and the American Institute of Certified Public Accountants"

CIMA is currently testing a diagnostic tool self-assessment based on the principles and SAP, to be launched later this year, which will provide a practical resource for diagnosing the effectiveness of management accounting in organizations, large and small .

Tony Manwaring said: "As management accounting moves into its second century, our principles are the framework that provides information in organizations is influential, relevant and supports the analysis of a foundation of trust in business in a way that It enables organizations worldwide to create and preserve value. "

Thursday, 21 April 2016

Cima E1 Exam Question No 60

Question No 60:

Which ONE of the following characteristics is NOT normally associated with a Non-Governmental Organisation (NGO)?

A.
Furthering humanitarian causes
B.
Championing social causes
C.
Making profits
D.
Exercising independence

Answer: D

Thursday, 14 April 2016

Cima E1 Exam Question No 59

Question No 59:

Under an ABC inventory management system which ONE of the following items should be monitored most closely?

A.
'A' classified items
B.
'B' classified items
C.
'C' classified items
D.
All items equally

Answer: D

Sunday, 10 April 2016

IFRS Seminar at GITAM

VISAKHAPATNAM Gitam Institute of Management (GYM) in partnership with the Association of Chartered Certified Accountants (ACCA), is organizing a one-day seminar on "International Financial Reporting Standards (IFRS)" on the campus of the Gitam University in the city 12 of April. The seminar is organized for most countries worldwide adoption of IFRS as its reporting standards to improve the quality of information.

In a statement, the main GIM K Sivarama Krishna said the global movement of IFRS represents a major change for many companies worldwide.

"So far, IFRS are mandatory in more than 100 countries around the world. India has issued its own accounting standards IFRS equivalent, called Ind-AS to be implemented from April 1, it makes it essential for professionals financial in India to understand the accounting standards under Ind-aS and practical issues related to demand, "he said. These standards will continue to evolve, he added. In addition to covering the different aspects of IFRS, the seminar will also focus on the important differences between IFRS and the corresponding IND-AS in each module.

The keynote and sessions will be delivered by Milind Date B has more than 27 years of experience as convenient and cost accounting, and to conduct training in the areas of finance, analysis and financial reporting, IFRS for corporations and students studying in India, the UK, China, Sri Lanka, Bangladesh. It is expected that the executives working in finance and accounting, auditors, academics and researchers in the field of finance and accounting, as well as students to participate in the seminar. Registration is available on site from 08:30 on the site, for a small fee.

Thursday, 7 April 2016

Cima E1 Exam Question No 58

Question No 58:

Which ONE of the following is NOT a macroeconomic factor?

A.
The relationship between price and demand in a particular market
B.
Price inflation
C.
Levels of savings and investment
D.
Unemployment amongst young people

Answer: A

Sunday, 3 April 2016

Why I’m Optimistic about the Profession’s Future

Making the case for the proposed AICPA/CIMA association

The American Institute of Certified Public Accountants has recently submitted a proposal with the Chartered Institute of Management Accountants to create a new partnership accounting, while preserving the bodies of members of the AICPA and CIMA. Some might say, "What is the need for" The profession is still well with key business leaders: 87 percent say that the protection of children are valuable to your organization, according to a survey, the number of graduates accounting States. UNITED is increasing. and the institute itself continues to grow in the composition, with the emphasis on services, benefits and promotional activities.

In general, the CPA profession seems to be doing well. and there is that perception - we are thriving.

The question, however, is not our strength at this time. It is the next year and a year later, and decades on the line. I live in a state of rabid hockey, Minnesota, and I'm sure many of you are familiar with the appointment of Wayne Gretzky: "I skate to where the puck is going, not where it was" no questions -. with the speed of the changes we see in business and our profession - the puck moves and you have to understand where it will end?

I'll give you my opinion on the proposal AICPA, CIMA. I represent the interests of small farms for the AICPA, but my ties with the profession that goes beyond the title to the door of my office. I found a small firm tax, audit and consulting for many years. My wife is a CPA who works in an office Top 500, and one of my daughters is a CPA with a small business. I have other family members who are accounting in business, industry and government. So in terms of trends and issues in accounting, I covered.

In my opinion, the AICPA has done a great job in the service of the US accounting profession. And will continue to do so regardless of the outcome of this proposal. But members of the AICPA in public accounting practices will be in a better position if the proposal beforehand. Here's why:

More international influence. For me, this is a critical point. In my small business, many customers had direct links to markets in Europe and Japan. Its international activity has a direct impact on our business to meet their financial needs and tax. The possibility that CPA firms small and medium enterprises to compete at home and abroad continues to grow, thanks to technology and specialization. So having a say in international accounting issues is essential.

But even companies who do not work outside the United States should be concerned to see their interests represented on the international scene. Our accounting standards can be the envy of the world, but do not exist in a vacuum. We have seen in the debate on the reconciliation of GAAP to IFRS that there are issues such as revenue recognition and lease accounting that have no easy resolutions. It is essential, however, that we are in conversation - sitting on the bench means binding rules may be more common abroad, and the impact of regulation we have here in the country.

The evolution of the firm services. Focus on the values ​​of the basic skills of management accounting and CPA are not antithetical embracing - are complementary and reflect what is happening in the market. small CPA firms, for example, that specialize in the CFO outsourcing, business process outsourcing consulting or other work have told me they often need some accounting management of their personnel to support these practices. The new partnership accounting reflects a pooling of forces.

improved resources. With technology, demographics and other forces, the business environment is changing rapidly. Overall, the AICPA and CIMA may be more effective and maintain member before these changes are focused on the market. They have more agility to anticipate and respond to trends in all areas of practice, providing the resources, vision and education that will help members to better serve customers and companies.

Continued emphasis on the importance of the CPA credential. It is important to remember that the new partnership would preserve the bodies of the two organizations. AICPA members still have represented their interests vigorously by the Institute in the United States, with initiatives such as improving the quality of the audit, the analysis of the practice of future learning and improvement of the CPA exam are still not stop. The AICPA will continue to be led by the APC and remain steadfast in their commitment to protect, promote and brand growth and pipe CPA CPA. AICPA members simply have additional membership in the organization CIMA no additional cost annually.

The joint venture is just the latest step in what the AICPA has done from the beginning: the expansion of resources, improving the quality of services that promotes the necessary change. There are ongoing initiatives for a wide range of APC and the quality of support and professional excellence. I am convinced the AICPA members who take the time to weigh the options will reach the same conclusion and vote "Yes" in the new international association.

Thursday, 31 March 2016

Cima E1 Exam Question No 57

Question No 57:

Under a free market economy prices are determined by which ONE of the following?

A.
The stock market
B.
Government regulation
C.
Multinationals
D.
Supply and demand

Answer: D

Thursday, 24 March 2016

Cima E1 Exam Question No 56

Question No 56:

Which ONE of the following is NOT normally a barrier to international trade?

A.
High levels of consumption tax
B.
Subsidies for domestic (home) producers
C.
Customs duties
D.
Embargoes

Answer: A

Thursday, 17 March 2016

Cima E1 Exam Question No 55

Question No 55:

A lean approach is associated with which ONE of the following?

A.
Supply sourcing strategies
B.
Demographic profiling
C.
Employee selection criteria
D.
Removal of waste

Answer: D

Monday, 14 March 2016

Zoe Kirby comes in the global top ten in accountancy exams

Zoe Kirby, 38 and mother of two children, Littleborough, achieved an impressive feat and won second place worldwide in the last Chartered Institute of Management Accountants (CIMA) exams case studies.

Mrs. Kirby was second in the world in the consideration of the case study CIMA management.
He studied with iConta training in Manchester, won 129 out of 150, beating out more than 1,000 other students in the exam in the world.

Originally from Littleborough, Ms. Kirby attended the School Wardle and Hopwood Hall College in Rochdale, before winning Degree in Management from the University of Salford.

Ms. Kirby is CFO of a global transportation company based in Rochdale frankly that she helped her father and brother began when he left college, and where he has worked since. What began as a family business, InXpress, it was a great success and in the last 17 years has increased domestically and internationally. Currently there are 85 franchises in the UK, with many others around the world, in 11 countries around the world - including the United States, Canada, Australia. Zoe and her husband own and run InXpress also deductible.

To become a certified management accounting world, students must complete 12 professional qualification exams that require personal study and dedication. It is complemented by a three-year experiment that can be acquired while studying.

Mrs. Kirby said of his success: "It was fantastic and I was told that I was in the top ten in the world in this review and did all the hard work study useful The test was hard, but I had a lot of support Icount both training and. the. I chose CIMA qualification to help me develop in my current position, and family have a formal popular financing qualifications. that progress on the way from complete and examinations so far have given me not only the basic knowledge of accounting management, but it has also helped me understand the broader business context of my work. "

Bob Beedham, FCMA, CGMA, Area President CIMA - North West England, said: "The dedication of Zoe to his studies paid off very well and is a fantastic achievement to reach the top ten worldwide this professional review business. I hope his success show others who are studying for their qualification CIMA how hard work can really be rewarded. CIMA qualification produces versatile professionals with the breadth and depth of knowledge in the community of practical business, and I wish Zoe every success as he continues his journey to become a full Management Accountant CIMA ".

Stephen Flatman, director of examinations of CIMA, said: "It's fantastic to see these excellent results of examinations by Zoe and the other students, who were sitting documents worldwide This is a tribute to the ethics that is proud. CIMA, dedication and hard work can produce better results. "

CIMA has formed a joint venture with the American Institute of Certified Public Accountants (AICPA) to establish the Chartered Global Management Accountant (CGMA) for qualified CIMA members. CGMA is the global quality standard that further elevates the profession of management accounting.

Thursday, 10 March 2016

Cima E1 Exam Question No 54

Question No 54:

 Which ONE of the following is NOT a cost of quality?

A.
Internal failure
B.
Appraisal
C.
Prevention
D.
Transaction

Answer: D

Sunday, 6 March 2016

Certification Paid off for Management Accountants

The Institute of Management Accountants Thursday released its salary survey shows that accountants worldwide who are certified by the accounting program received a certificate management more base salary and total remuneration without accounting certification.

In the US, the CMA earn 31 percent more average total compensation unlicensed professionals ($ 127,200 against $ 97,000). The median total annual compensation for all respondents in the US It is $ 120,000, up 6.2 percent compared with last year's figure ($ 113,000).

While the CMA in all age categories earn more than their non-certified counterparts worldwide, CMA professionals in the 30-39 age group outearn its components not certified by 40 to 50 hundred enormous. People 50 years and older with CMA receive more than $ 23,000 more in median total income than non-CMA ($ 138,413 against $ 115,000).

The data come from more than 2,500 respondents in 81 countries. financial professionals worldwide, CMA-certified in America, Asia, Europe, the Middle East and Africa earn 61 percent more than their non-CMA. This finding indicates that the value of employers worldwide in the skills possessed by the CMA that traditional accounting and financial roles continue to evolve.

In addition to a survey of highest total compensation this year shows a positive outlook for increases in the accounting profession. As the salary survey 2014, more than three quarters of respondents expect to receive an increase this year, with an average expected increase of 8 percent.

However, wages and total compensation vary considerably depending on the area of ​​responsibility. Internationally, those working in education, information systems, accounting and public accounting firms will demand higher wages. Public accounting is still the lowest paid sector worldwide.

For the first time in the history of the annual survey, the number of Chinese respondents (28.6 percent) exceeded the number of US respondents (26.3 percent), reflecting the focus on management accounting and the CMA in china. Asia also experienced the largest increase in the powers of the CMA and increased surveyed. While aggregate wages are lower than last year overall, the decrease is due largely to lower wages in regions like the Middle East and North Africa.

"CMA in all regions believe that certification improves their ability to move into the business areas", research director Kip IMA Krumwiede, who wrote the research. "The certified professionals say significantly higher wages and overall than their non-certified compensation.

This wage premium and career opportunities more available to CMA includes the present value of this program."

IMA CMA certification has been competing in recent years against the designation of Certified Management Accountant world offered by the American Institute of Certified Public Accountants and the Chartered Institute based in UK of Management Accountants.

Organizations have begun to offer the appointment in 2012 to members who were already accounting management on the basis of acquired rights, and last year a testing program began. However, the IMA maintains that his opinion is more rigorous.

"It's a different philosophy," said President and CEO Jeff Thomson IMA. "From this last May or June here in the US, if you are a US CPA, besides writing a check that you really have to pass an exam in one piece. It is a study case I think three hours is sent several weeks or months in advance.

We have a different philosophy in testing, in terms of multiple choice and a base case and an objective basis. we have not seen the results of this APC first window taking CGMA . we do not have strong opinions either way, except that we know that our metaphor test provides accounting of credible and competent management throughout the world, and I'll leave another if a single case study is the best way to test skills objectivity " .

Thursday, 3 March 2016

Cima E1 Exam Question No 53

Question No 53:

Which ONE of the following is associated with recruitment rather than selection?

A.
Assessment Centres
B.
Interviews
C.
Advertising Copy
D.
Psychometric Testing

Answer: C

Wednesday, 2 March 2016

Sri Lankan Businesses Waste 4 Per Cent Yearly

Sri Lanka wasted organizations an average amount of 4% of turnover each year, according to a new study by the Institute of Management Accountants (CIMA). Among the most common causes of losses were projects that were canceled after its creation - with 38% wasted costs in this area to admit - followed by delayed (66%) projects and excess goods and services (26 %).

CIMA interviewed more than 2,000 financial professionals, 59% admitted that their organizations lack any strategy to boost cost competitiveness. Another 48% of respondents said there is little or no mandate within their organizations to reduce costs when making decisions daily.

Demonstrate a gap between expectations and reality, 80% of respondents believe that the promotion of a culture were aware liability costs of your management team. But on the contrary, the results revealed that only 27% of a member of the board responsible for maintaining cost competitiveness.

As for breathlessness in Sri Lanka organizations to change bad habits, 21% of respondents said employee incentives are poorly designed to promote cost control; 12% believe that cost control strategies are ineffective. In addition, 21% believe that technology and analytical data are misused within their organizations.

Peter Spence, director of Performance Management Research CIMA said: "The balance between short- and long-term requires the commitment of management accountants, who have a good understanding of the factors of cost, risk and value through the organization of the value chain CIMA. members have never been more relevant for sustainable success in the volatile world of business today, where there is uncertainty in every corner. "

Sunday, 28 February 2016

Businesses guilty of wasting 5% of revenues a year

Global organizations unnecessarily lose an average amount of 5% of turnover each year, according to a new study by the Institute of Management Accountants (CIMA). followed by systems and inefficient processes - - among the most common causes of losses projects with 75% of support costs wasted in this area were delayed (74%) and open projects, but later canceled (55%).

 CIMA interviewed more than 2,000 financial professionals, half (50%) admitted their organizations lack any strategy to boost cost competitiveness. Another third (33%) of respondents said there is little or no mandate within their organizations to reduce costs when making decisions daily.

Demonstrate a gap between expectations and reality, 80% of respondents believe that the promotion of a culture were aware liability costs of your management team. But on the contrary, the results revealed that only 1 in 4 companies (25%) of a member of the board responsible for maintaining cost competitiveness.
Peter Spence, director of China research performance management, said:

"The lack of a cost conscious culture is a threat to the competitiveness of the UK - can be as innovative or as creative as we like but if our products and services cost too much, we are not maximizing our profits and we risk losing out to cheaper competitors.

"However, the cost is not just being cheap. It is the integration of a cost-conscious culture, so that all decisions at all levels of the company, focuses on the return on investment".

As for the lack of incentives in organizations to change bad habits, one third (32%) of respondents said that employee incentives are poorly designed to promote cost control; with a quarter (25%) believe that cost containment strategies are ineffective. Another 36% believe that technology and analytical data are misused within their organizations. Peter Spence said:

"The balance between short- and long-term requires the commitment of management accountants, who have a good understanding of the factors of cost, risk and value across the value chain members of the organization CIMA have never been more relevant. ensure sustainable success in the volatile world of business today, where there is uncertainty in every corner. "

The Chartered Institute of Management Accountants (CIMA), founded in 1919, is a leading and largest professional body of management accountants with more than 227,000 members and students operating in 179 countries, working in the heart of the business. CIMA members and students work in industry, commerce, the public sector and non-profit organizations. CIMA works closely with employers and sponsors cutting-edge research, constantly updating its qualification, professional experience requirements and continuing professional development so that it remains the choice of employers in recruiting financially trained business leaders.

Professionalism and ethics are at the core of the activities of CIMA with all members and student bound by strict rules to combine integrity, experience and vision.

CIMA has formed a joint venture with the American Institute of Certified Public Accountants (AICPA) to establish the Chartered Global Management Accountant (CGMA). CGMA is the global quality standard that further elevates the profession of management accounting. The designation recognizes the most talented management accountants and committed to the discipline and skill to drive strong business performance.

CIMA is proud to be the first professional accounting body to offer a truly global product in the fast-moving area of ​​Islamic finance. CIMA also offers a bachelor's Global Business Services, in collaboration with The Hackett Group, the first and only in the world of professional qualification in the shared services and outsourcing arena.

Transformation cost is a concept designed by Peter Spence on the basis of accounting principles Global Management. It is based on the idea that once a business model is established, 80% of costs are locked in life. Before companies determine a plan or a strategy, we must consider the following:

The model includes six critical success factors divided into two zones behind the wheel of a conscious cultivation costs (efficiency) and a competitive cost advantage (making sure the final product is competitive).

Thursday, 25 February 2016

Cima E1 Exam Question No 52

Question No 52:

Which ONE of the following is an example of secondary market research?

A. Telephone surveys to identify purchasing intentions
B. Focus group meetings to identify product preferences
C. Online questionnaires to identify buying habits
D. Use of search engines to identify market growth trends

Answer: D

Sunday, 21 February 2016

Nigeria: 'Things Will Get Worse in the Economy Before It Gets Better'

Chidi O. Ajaegbu last is president of the Institute of Chartered Accountants of Nigeria (ICAN). He is the Executive Director (CEO) of Heritage Capital Markets Ltd, a member of Coping Nigeria Stock Exchange (NSE). In this interview, take a critical look at the state of the economy in that the first verdict should put the worse for the country before there would be a 'turnaround f.

The economy is challenged on all fronts in Nigeria when and Central Bank Policies beaten yet rated stabilize para. What is your perspective on the situation and the various policy initiatives CBN?

I think the problem is much deeper than the various policies The Central Bank of Nigeria (CBN) has esta producing address the issue. I think its peripheral something political in nature; I think no child Sustainable Strategic.

Whenever we said that while there is s objective assessment are transparency regarding the Implementation of the Policy and its impact on people and not go one CAPABLE be really determine policy appropriate one our conditions, not only in this difficult time Economy paragraph ours, but ours when we raise.

Today we face our subsequent dramatic decline in prices in Crude Oil and because there is or governors have addressed the issue f of diversifying our economy and corruption that always seem to fall into a major crisis hay when volatility the crude oil market.

There is no doubt that things will get worse on the economy of the above improve. Massive job will be losses in all sectors, regardless of policy appears. The key, I think the government has the right is the recovery of funds and Stolen Focus on Effective Revenue.

Many countries in the world today in mainly dependent on taxes on the operation of the additional economies. But you see, we Nigerians, we have a way - Crude oil is the cheapest way. ALL THE any characters lazy to think and work and now there is crude oil. And finally, in the next 10 years 15, there will be alternative sources of energy to crude oil.

If we are really serious about prep Feasibility de este project called Nigeria, I think it's the right time if not the end, Parr The Government start a think seriously about how to diversify the economy in reality is that in 15 years or so is the crude oil is sold for $ 5 to $ 10 or there will be other sources of energy much cheaper and crude oil.

The only reason we still are talking about export of crude oil is now a queue because of the cost of crude oil per barrel is less than the cost of shale gas and oil production in the United States because these things discovered fuerón large amounts of crude US oil now sells for maybe 50 $ - 55 $, Our ability to export crude oil or refined products is drastically reduced DUE has the gas of Competition shale and oil will be completely beyond US.

CBN has always maintained official The value of naira despite calls devaluation of the local currency. Do you think it is appropriate for the To Do CBN given pressure sober Currency?

My opinion is that the CBN policy is unsustainable; If is a direct foreign investment in this awful country. Actually, it is a policy that should be immediately reviewed. The President should be informed of the SE does not comply with orders scammers. Finally devalue Hay Que. We can not be selling illusions Dollars N199 $ 1 when the market rate is N373 $ 1 you know that unsustainable hay; It is unrealistic.

The international community knows that the right rate. I'm not saying you should completely deregulate the currency but needs to be done to achieve v SAID that tries to market dynamics. But somewhere to sit say there will be a seller when the market is given N199 N373 ridiculous and unsustainable.

You are an important player in the capital market. How has policy will affect the market?

Because a queue capital market largely consists of foreign investors coming to the market. So you have bid more than the majority of the populations there has continued GLUT on the market.

Of course, this is basic economics; When you have Oversupply is sober order, The Caera Price. This is what we live there ABLE get a good value for money you will not be able to get because they are not going to go through the Black Market.

So we have to devalue the aim to encourage foreign investors to enter not only in the Chinese capital market Also in other aspects of Nigerian economy.

Say no when the currency devaluation Questions really the true value of the coin percent from a more than 50 from the place of USING Carry out Transactions is a simply ridiculous; It makes no sense that No. And finally, how about the price of oil if devalue continues to fall.

When our foreign reserves just under $ 20 million, Mil, El País start looking measures to address realistic devaluation of naira question f. As it is now, just a Dream world are in: mass change terms we use to transact business vis-à-vis the dollar.

Thursday, 18 February 2016

Cima E1 Exam Question No 51

Question No 51:

The desirable features of a candidate for a job are best contained in which ONE of the following?

A.
A person specification
B.
A job description
C.
A job advertisement
D.
A verbal briefing at the interview

Answer: A

Sunday, 14 February 2016

Singapore Businesses Less Pessimistic, But Still Less Confident than Global Peers


Singapore rallied from a four-year low in the fourth quarter of 2015, but remains largely pessimistic and worst of the global levels, according to the Global Economic Conditions Survey by the Association of Chartered Certified Accountants (ACCA) and the Institute management accountants.

The index of confidence surveys for Singapore recovered from -55 to -60 in the fourth quarter of between -70 and -75 in the third quarter when a negative score represents pessimism. The confidence index was generally between -20 and -30 in the fourth quarter.

About two-thirds, or 66 percent, said Singapore companies in the fourth quarter were less confident in the outlook compared to the previous three months. The proportion of global companies with a similar response was only 44 percent.

The drop in orders was a concern for 38 percent of the companies in Singapore, compared to 25 percent worldwide.

China's slowdown was a major concern for global companies, organizers of the survey, said, noting that 40 percent of companies reduced their investment plans and 52 percent do not intend to increase staff.
government stimulus expectations are silent.

Faye Chua, director of corporate vision of ACCA, said: "There is a long list of concern in the development of most global companies stakes are high and it is not surprising that the response to the decline in scaling opportunities return on capital investment and employment, which. in turn, contribute to the continued slowdown of the world economy. this combined with the fact that many governments are forced to cut spending means that there is reason for concern. "

Thursday, 11 February 2016

Cima E1 Exam Question No 50:

Question No 50:

Results and enablers are features of which ONE of the following?

A.
Servqual
B.
Total Quality Management (TQM)
C.
The European Foundation for Quality Management (EFQM) excellence model
D.
Competitive bench marking

Answer: C

Sunday, 7 February 2016

IMCA's CIMA Certification Revamped

In an effort to provide "voluntary standard investment advice," IMCA has reviewed the policies underlying their CIMA certification, requiring that advisors are acting in the best interests of their clients.

The changes come in response to the 2013 analyzes the work of the organization, which interviewed more than 750 investment professionals worldwide in prioritizing investment strategies and operations.

One of the most radical changes in the organization of certification includes modifications to the revised code of professional responsibility, IMCA said. licensed in December, professional members of IMCA, candidates of certificates and licenses are now required to act in the best interest of the client, hear and resolve conflicts of interest and maintain a "high level of ethical conduct".

Following a resolution adopted last year, candidates will also no longer have to wait three years to implement, but it is still a waiting period of three years to receive certification. Candidates were also allowed to qualify for their CIMA certification in the MIT Sloan School of Management, the fourth school to provide an online option for certification CIMA education.

The changes come at a time when customers mention the strategies and knowledge as the most sought after skills as a consultant is used, even through their planning strategies for financial management, according to customer IMCA study in 2015.

"These revisions provide a new voluntary certification CIMA standard investment advice," said Sean R. Walters, Executive Director and CEO of IMCA. "Certification CIMA will continue to grow as more relevant credentials for discretionary advisers who provide investment advice to their customers."

Thursday, 4 February 2016

Cima E1 Exam Question No 49

Question No 49:

 Supplier relationships in a supply network are categorised in which ONE of the following ways?

A.
Single, multiple, delegated and parallel
B.
Primary, secondary and post-purchase
C.
Phased, pilot and integrated
D.
One-to-one, several to one, 180 degrees and 360 degrees

Answer: A

Thursday, 28 January 2016

Cima E1 Exam Question No 48

Question No 48:

Cattell's 16PF test is normally associated with which ONE of the following?

A.
IS feasibility studies
B.
The process of market segmentation
C.
Auditing existing supply arrangements
D.
Employee selection

Answer: D

Thursday, 21 January 2016

Cima E1 Exam Question No 47

Question No 47:

Gross National Product (GNP) represents?

A. Another term for Gross Domestic Product (GDP).
B. Gross Domestic Product (GDP) adjusted for foreign earnings.
C. The total intellectual and social capital of a country.
D. Aggregated 'bottom-line' performance of a country's top 100 companies.

Answer: B

Manjula de Silva appointed chairman, CIMA Sri Lanka

Manjula de Silva (CMA CGMA) was installed as chairman of CIMA in 2016 at the induction ceremony of the CIMA, the Chartered Institute of Management Accountants, held in Colombo on January 19.

Commenting on his appointment as President, Manjula said, "I am very excited about my new role as president of CIMA Sri Lanka Council. CIMA has played an important role in shaping my career role. It gives me a great opportunity to pay CIMA for what he did for me. 

CIMA I become the top brand in the education of corporate strategy in Sri Lanka and I'll do my best to make an important step in that direction this year.

Manjula has an Honours degree in Economics from the University of Colombo and an MBA from London Business School, UK. He studied management at INSEAD Business School, France and the Harvard Business School, USA .. 

Having HNB Assurance plc joined as CEO in July 2004, Manjula served as general manager from March 2006 to March 2015 . In April 2015, he took a new position as president of the State Trust Property Insurance Fund (NITF). He is a member of the Committee of the Ceylon Chamber of Commerce and served as the chairman of its Executive Committee in the safe until recently.

Vice President for the year will be Dr. Arul Sivagananathan (General Manager - Hayleys Industrial Solutions (Pvt) Ltd. and Hayleys BPO), while the vice president will Mahesha Ms. Amarasuriya (Senior Manager - Corporate Banking, Banking SELECT privilege NDB Bank PLC).

CIMA Sri Lanka Board see five new members to serve for a period of three years. Three members were appointed find Samantha Rajapaksa (Group CEO - Associated Motorways (Pvt) Ltd), Dinesh Dharmadasa (Executive Director - Ceylon Tobacco Company Plc) and Hasitha Premaratne (Chief Financial Officer - Brandix Lanka Ltd.) while Nishantha Weerakoon ( Group Finance Director - CIC Holdings PLC) was re-elected and Shraepathy Attanayake (Director - Logistics Ltd. Trico / Omak Technologies Ltd) was elected to the Executive Council this year.

Sunday, 17 January 2016

College Gains Double Accreditation



St Helens College is famous after obtaining the accreditation of two main dishes.

St Helens College received a significant stamp of approval to deliver Chartered Institute of Logistics and Transport (CILT) courses in logistics.

The news comes as the College is preparing to launch a brand new £ 3m Logistics Academy in September in collaboration with Knowsley Community College, a project approved last month by the funds of many of growth Liverpool City Region.

Mike Kelly, professionals and major business at the University of St Helens center studies, said. "I am very pleased that we have become a Chartered Institute of Logistics and Transport (CILT) accredited facility We are one of only a handful of institutions educational offering degrees in northwestern CILT approved. The logistics sector is suffering from a shortage of skills for these new courses will also enable us to meet the needs of employers in line with the requirements of the new Liverpool City Region Superport ".

The Chartered Institute of Logistics and Transport UK - CILT (UK) - is an independent professional organization for those related to logistics, supply chain and transportation all along their careers.

The new degrees logistics includes brief introductory courses in warehousing and logistics for those considering a career in this growing industry.

It scores Level 1 that are designed to give people an overview of the logistics industry, levels 2 and 3 certificates in logistics and transportation are included, and a level of 5 advanced degree in logistics and transportation It will be delivered to the Central University of St Helens.

Accreditation Meanwhile, the university has also gained Chartered Institute of Management Accountants (CIMA).

The institution has been awarded an additional seal of approval of the accounting profession, making St Helens University Center only a handful of schools in the northwest that offers Chartered Institute of Management Accountants (CIMA) Qualifications.

CIMA is the largest and first professional organization in the world of Management Accountants, working in the heart of the business. A CIMA qualification provides a dynamic mix of practical and strategic topics designed to give the lead in terms of financial management. This accreditation means that students can now pursue their studies accounting at the University Centre St Helens in an even higher level.

Thursday, 14 January 2016

Cima E1 Exam Question No 46

Question No 46:

Which ONE of the following is NOT a feature normally associated with a Non-Governmental Organisation (NGO)?

A.
Government funded
B.
Independent
C.
Non-profit making
D.
Explicit social mission

Answer: A

CIMA Charts Robust Growth Across The GCC In 2015

 The Chartered Institute of Management Accountants (CIMA), the largest in the world of management accountants organization supported an unprecedented effort to expand throughout 2015 and continued its past growth rate.

During 2015, the CIMA celebrated its 100,000th member, a milestone is a testament to the ongoing commitment of the organization to the development of various talents. In addition, improving student achievement with GCC achieve remarkable success rate of 76 percent.

Geetu Ahuja, Head of GCC, CIMA, said: "2015 was a successful year for us through strategic alliances, we have expanded our presence and reached out to a larger group of students and professionals, their empowering them to be better equipped in all matters today. develop their business skills and finance. In general, we reached the 100,000th member historic milestone this year, building nine decades of experience, knowledge and skills that transforms main professional organization CIMA management accounting in the world. "

The CIMA qualification is designed to provide a solid understanding of all aspects of the business that allow professionals to contribute in many areas of the organization, not only in finance. 

In the grounds of stronger accounting, business management teaches CIMA and strategic skills, to equip professionals to give advice on business strategy and risk management. The CIMA program is built around core competency accounting, but has expanded to include "Big Data", sustainability, integrated reporting, the transformation of the finance function, as well as costs and management costs.

CIMA has also contributed to the growth of Islamic banking and finance industry and members prepared for a career in Islamic finance through Islamic finance qualification, covering Islamic commercial law, banking and Takaful, Islamic Capital Markets and Accounting for Islamic finance institutions.

As testimony to his contribution to the development of qualified personnel in the field of Islamic finance talent, CIMA has been awarded the prize for the best training center in the 2015 horizon Islamic Affairs and Finance Awards, the oldest awards program sector.

CIMA has also played a strategic role in reducing the gap in employability in the region. CIMA worked closely with leading institutions in the Middle East, including Unilever, Mars, Mashreq Bank, UAE and Global Aluminum (EGA), and forged new alliances with ADNOC, DU, Nestle, Union National Bank and Damascus 2015.

In addition, CIMA conferred the Premier Partner for the formation and development of Mannai Corporation, Qatar, in recognition of his support to provide ample opportunities for training and development of CIMA members and students in your organization. The year also saw the appointment of Amir Al Janahi (FCMA, CGMA), Director, EGA Factory Finance President of CIMA Middle East, South Asia and North Africa (MESANA) regional meeting.

As part of its mission remains an enabler of higher education and research in business and finance profession, CIMA launched an income calculator based on a 2015 survey of salary. This new information tool that allows members and students to calculate average wages according to different factors career. 

The calculator uses data from the 2015 salary survey CIMA and allows users to quickly compare the average wages in industry, job function and level of experience in their respective countries.

CIMA has organized several professional development workshops across the GCC for the Integrated Strategy, budgeting and performance management, as well as information technology and strategy. 

He also supported key events such as golf tournaments and CFO Prix. In addition, CIMA has actively supported the annual conference LAW Middle East in 2015, and continued to bet on tie-ups with educational institutions in the region, including Abu Dhabi University, Manipal University, the American University of Dubai, University existing Wollongong (UOWD), University of Bahrain, Skyline University, Emirates Bank and International Finance at the School of Banking and Finance, University of friendship and memoranda of understanding signed with the University of Dubai and Dubai Manchester Business School.

Sunday, 10 January 2016

Weak kwacha affecting students’ courses - CIMA

The Chartered Institute of Management Accountants said the turbulence of change has made it difficult for the institution to attract more students.

Throughout the CIMA are invoiced in sterling and yesterday, a book has been buying and selling and K16.07 to K16.03 respectively.

In response to questions from reporters at a breakfast meeting on Friday, CIMA-Zambia Gordian manager Bowa said falling kwacha against major foreign currencies had paralyzed the buying power for many students, so have challenges Registration for the programs or pay the cost of the exam.

"Unfortunately, every time we have a weak currency, it will affect our performance in the sense that the purchase of our students can be reduced. So this means that those who are interested in joining, write exams beginning to return to develop strategies to respond to the new reality, "Bowa said, but hinted that there may be some specials that CIMA would bring about the current price to ease the financial difficulties of students struggling with.

"In fact, we have been affected very negatively but I must tell you that we are a very sensitive organization as CIMA, every time we see things like that (the unfavorable exchange rates), which always come with different promotions that will help our customers [to] manage this impact. In fact, we have already reported this issue this year. I will not go into details because the developments are on the horizon, but I can tell you boarded Price, in particular for exams ".

And Bowa showed that CIMA, which has a student base of Zambia 2 500 and a cumulative 310 membership, has partnered with the American Institute of Certified Public Accountants for the benefit of students.

"What is happening in the world of the accounting profession is that there are a lot of rationalization and if you're small as an organization, you should not have much impact or influence.'ll Tell our competitors actually came to the conclusion Similar agreements and therefore, for us to work with the American Institute of Certified Public Accountants, will be bigger with much more influence in the world. For our students, it is an advantage because the working relationship with the American Institute of Accountants public, once qualified with CIMA and we want to go to the United States, there will be an existing structure where you can convert the ACC and be able to work quickly in America, "he said.

Meanwhile, Bowa said CIMA is ready to guide journalists on the basic financial reports on request.
"If we receive a specific request to enter the accounting reports that there is a need for this, I think you can always design something for journalists because we have the resource base that can handle very competent," Bowa said.