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
Thursday 30 June 2016
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 "
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
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."
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
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. -
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
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.
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.
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