CIMA Induction Seminar 12 August 2010 – Cantonese session 13 August 2010 – English session Suites 1414-1415, 14/F Jardine House, Central.

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Induction seminar for CIMA students

Page I.

About CIMA

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II.

CIMA Hong Kong & Hong Kong Divisional Council

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III.

CIMA global contacts

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IV.

Student registration procedures

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V.

CIMA professional qualification structure

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VI.

Examination details

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VII.

Ideal progression path in Hong Kong

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VIII. Study resources

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IX.

MY CIMA

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X.

Study materials & suppliers

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XI.

Appendices − Certificate level exam registration form − CIMA Study resources brochure − CIMA Preparatory course brochure − The MY CIMA guide − CMGA/CGA exam preparatory course brochure − CIMA-CUHK SCS joint programmes brochure

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I. About CIMA Chartered Institute of Management Accountants is the only international accountancy body with a sole focus on business. It is a world leading professional institute that offers an internationally recognized qualification in management accountancy, focusing on accounting in business in both the private and public sectors. CIMA is committed to upholding the highest ethical and professional standards of members and students and to maintaining public confidence in management accountancy. As a professional institute of over 172,000 members and students, CIMA has had members in Hong Kong for over 30 years. They are situated in many senior positions in leading businesses and listed companies. During this time CIMA has been actively recruiting new students to become Chartered Management Accountants in Hong Kong, who are regarded as financially trained business leaders, in both the private and public sectors.

II. CIMA Hong Kong & Hong Kong Divisional Council The Hong Kong Division has a Divisional Council, led by the Divisional President, which represents the views of all its members in Hong Kong. The Divisional Director, together with staff in Hong Kong provides member services, student support, student recruitment activities and supports the Divisional Council. CIMA Hong Kong Division Suites 1414-1415, 14/F Jardine House Central Hong Kong T. +852 2511 2003 F. +852 2507 4701 E. [email protected] www.cimahongkong.com Opening hours: 9.30am – 5.30pm (Mon-Wed, Fri) 9.30am – 7.00pm (Thu) CIMA Hong Kong Secretariat Mr Damian Yip - Divisional Director (oversees Hong Kong operation) Ms Jovy Yeung – Student & Member Services Manager (member services, student support, education partnership) Mr Scott Lee – Marketing & Development Manager (marketing, student recruitment, employer relations) Ms Cherry Chu – Operations Executive (general administration and support)

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CIMA Hong Kong Divisional Council 2010-2011 The CIMA Hong Kong Divisional Council 2010-2011 consists of 16 prominent people elected from all CIMA members, in which Mr Kenneth Chan is also holding an important role in CIMA Council. Divisional President:

Mr Paul KL CHAN FCMA Executive Director, RSL Asia

Divisional Deputy President:

Mr Richard KENWORTHY FCMA Accountant, Crossroads Foundation Ltd

Divisional Vice President:

Dr LI Wing Sun FCMA Teaching Fellow, Hong Kong Polytechnic University

CIMA Council Member:

Mr Kenneth KC CHAN FCMA

Divisional Immediate Past President:

Mr Leo WY CHEUNG FCMA Director, Dietz Engineering Limited

Other Divisional Council Members:

Dr Aidan GODDARD FCMA CFO & COO – Asia Pacific, L’Occitane en Provence Ms Rachel WY CHEUNG FCMA Lecturer, Caritas Francis Hsu College Mr Francis CHIU FCMA Executive Director – Asset Management, Regal Portfolio Management Ltd. Mr Kingston KL HO FCMA Senior Operational Risk Manager, Fortis Bank Hong Kong Ms Jackie YL KO ACMA Deputy General Manager, Finance & Accounts Department, Yue Xiu Enterprises (Holdings) Ltd. Ms Amy YM LAM ACMA Group Finance Director, Jardine Shipping Services – Group Head Office Mr Walton WL LUK ACMA Agency Manager, Fortis Insurance Co. (Asia) Ltd Dr Artie WC NG FCMA Senior Lecturer, The Hong Kong Polytechnic University (SPEED) Mr Gordon MC TO ACMA Director, Yung’s Enterprise Holdings Ltd. Mr Hudson HS TSUI FCMA Finance Director – Property Management, DTZ Mr Paul CP YEUNG FCMA Vice President, Deutsche Bank AG, Hong Kong Branch

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III. CIMA global contacts CIMA Australia Suite 1305 109 Pitt Street Sydney, NSW 2000 T. +61 (0)2 9376 9900 F. +61 (0)2 9376 9905 E. [email protected] CIMA Botswana Physical: Plot 50676 Second Floor Block B BIFM Building Fairgrounds Office Park Gaborone Postal: PO Box 403475 Gaborone T. +267 395 2362 F. +267 397 2982 E. [email protected] CIMA China Shanghai Office Unit 1508A 15th floor of AZIA Center 1233 Lujiazui Ring Road Pudong, Shanghai, 200120 T. +86 (0)21 6160 1558 F. +86 (0)21 6160 1568 E. [email protected] www.cncima.com Beijing Office 5th Floor, China Life Tower 16 Chaoyangmenwai Avenue Beijing 100020 Hotline. 400 820 4080 E: [email protected] Shenzhen Office Room A20, 2/F Business Centre Shangri-la Hotel Shenzhen 1002 Jianshe Road, Shenzhen 518001 P.R.China T. +86 (0)755 8396 1162 F. +86 (0)755 8396 1260 E: [email protected] Chongqing Office Room 1202, Metropolitan Tower No. 68 Zourong Road Yuzhong District Chongqing, 400010 T. +86(0)21 63713538 F. +86(0)21 63816175 E: [email protected] CIMA Hong Kong Suites 1414-1415 14th Floor, Jardine House Central Hong Kong T. +852 2511 2003 F. +852 2507 4701 E. [email protected] www.cimahongkong.com

CIMA India Unit 1-A-1, 3rd Floor Vibgyor Towers C-62, G Block Bandra Kurla Complex Bandra (East), Mumbai – 400 051 T. +91 22 42370100 F. +91 22 42370109 E. [email protected]

CIMA Malaysia Lots 1.03b & 1.05 Level 1 KPMG Tower First Avenue, Bandar Utama 47800 Petaling Jaya Selangor Darul Ehsan T. +60 (0) 3 77 230 230 F. +60 (0) 3 77 230 231 E. [email protected] CIMA Middle East Office E01, 1st Floor, Block 3 PO Box 502221 Dubai Knowledge Village Al Sofouh Road Dubai, UAE T. +9714 4347370 F. +9714 4341998 E. [email protected] CIMA Pakistan No. 201 2nd Floor, Business Arcade Plot No. 27-A Block-6 P.E.C.H.S. Shahra-e-Faisal Karachi T. +92 21 3432 2387 F. +92 21 3432 2390 E. [email protected] CIMA Republic of Ireland 45-47 Pembroke Road Ballsbridge Dublin 4 T. +353 (0) 1 6430400 F. +353 (0) 1 6430401 E. [email protected] CIMA Singapore 51, Goldhill Plaza #08-02 Singapore 308900 T. +65 6535 6822 F. +65 6534 3992 E. [email protected] CIMA South Africa 1st Floor, South West Wing 198 Oxford Road Illovo, Johannesburg PO Box 745 Northlands 2116 T. +27 (0)11 788 8723 F. +27 (0)11 788 8724 E. [email protected] CIMA Sri Lanka Colombo Office 356 Elvitigala Mawatha Colombo 5 T. +94 (0)11 250 3880 F. +94 (0)11 250 3881 E. [email protected]

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Kandy Office 254 Peradeniya Road Kandy, Sri Lanka T. +94 (0)812 207 882 F. +94 (0)812 203 843 E. [email protected]

CIMA UK 26 Chapter Street London SW1P 4NP T. +44 (0)208 849 2251 F. +44 (0)207 663 5442 E. [email protected] www.cimaglobal.com CIMA Zambia Physical: 6053 Sibweni Road Northmead, Lusaka Postal: PO Box 30640, Lusaka T. +260 1 290 219 F. +260 1 290 548 E. [email protected] CIMA Zimbabwe Physical: 6th Floor Michael House 62 Nelson Mandela Avenue Harare Postal: PO Box 3831, Harare T. +263 (0)4 708 600 or 250745 F. +263 (0)4 708 600 E. [email protected] CIMA’s global offices may change during the year, so please visit the global web links for the most up-to-date contact details. For a full list of global contacts, please visit www.cimaglobal.com/globalcontacts

IV. Student registration procedures 1. Complete student registration online → CIMA Contact ID (1-XXXX) 2. Settle student registration fee (£60) and 2010 annual subscription fee online (£90) 3. Fax over the part-registration statement, copies of your certificates and transcripts of your highest qualifications to CIMA Hong Kong at 2507 4701 or email [email protected] 4. Wait for the email confirmation from CIMA UK regarding the exemptions granted to you, normally it takes less than 20 working days 5. Settle exemption fees online within eight weeks of receiving confirmation of your exemptions OR inform CIMA student admission department to waive your exemptions Exemption fees in 2010: Certificate level Operational and Management level Strategic level T4

£44/paper £72/paper £77/paper £98

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V. CIMA professional qualification structure (2010 Syllabus)

Professional competence level T4 Test of Professional Competence in Management Accounting Strategic Level E3 Enterprise Strategy P3 Performance Strategy F3 Financial Strategy Management Level (CIMA Advanced Diploma in Management Accounting) E2 Enterprise Management P2 Performance Management F2 Financial Management Operational Level (CIMA Diploma in Management Accounting) E1 Enterprise Operations P1 Performance Operations F1 Financial Operations Certificate Level (CIMA Certificate in Business Accounting) C01 Fundamentals of Management Accounting C02 Fundamentals of Financial Accounting C03 Fundamentals of Business Mathematics C04 Fundamentals of Business Economics C05 Fundamentals of Ethics, Corporate Governance and Business Law

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VI. Examination details Certificate level (2 hours exam) Exam format ALL multiple choice computer based assessment Pass mark 50% Exam sitting All certificate level papers can be taken at any time of the year, however if you are planning to sit the Operational/Management level papers at the next paper based exam sitting you must check the deadline by which you must have completed the Certificate level papers in order to be eligible to enter. If you wish to sit the Operational/Management level exams in November 2010 you must complete all Certificate level computer based assessments (CBAs) by 1 September 2010. Exam fee HKD1,000/paper Exam centre and registration Please register exams directly with British Council: 3 Supreme Court Road Admiralty Hong Kong T: 2913 5100 E: [email protected] Opening hours 9.00am – 8.30pm (Mon – Fri) 9.00am – 6.00pm (Sat) For further details, please refer to: http://www.britishcouncil.org/hongkong-exams-professional-and-academic-exams-cima2.htm Exam results The official exam results will be sent to students by post one week after the exam date.

Operational, Management, Strategic and Professional Competence level (3 hours exam) Exam format Essay typed paper exam Pass mark 50% Exam sitting CIMA paper based exams are held twice a year, in May and November. The closing date of exam registration will be in mid-March and mid-September respectively. You must complete and pass all Operational and Management level exams before you can sit the Strategic level exams. When attempting the Strategic level papers, you must sit all 3 exams (E3, P3, F3) together at the first sitting. Exam fees You must pay all fees on-line when you enter for the exams. Operational/Management level GBP72/paper Strategic level GBP77/paper T4 GBP98

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Exam centre and registration ALL paper based exams will be taken at HKU SPACE. Online exam entry is available at www.cimaglobal.com . Once you have completed online exam entry you will receive an email within 24 hours confirming your entry. Should you not receive this email please go to your account online and view ‘My existing exam entry’. If you have entered successfully the centre and papers you have selected will be listed. If this area is empty, you will need to go to incomplete exam entry to complete your entry. An Admission Advice will be available via My CIMA before the exams. Cancellations and changes We do not accept cancellations and will not refund fees. Strategic level papers (P3, E3, F3) under 2010 syllabus A pre-seen case study is common to all 3 strategic level papers will be available to download from http://www.cimaglobal.com/Students/2010-professional-qualification/Strategic-level/ . Students are advised to download the case study and familiarize yourself with it before the exam. T4 - Test of Professional Competence in Management Accounting The Test of Professional Competence in Management Accounting comprises two component parts that must both be achieved in order to complete the test. Credits are used to measure success, rather than marks. To pass the Test of Professional Competence in Management Accounting, students must achieve an aggregated minimum of 75 credits – comprising a minimum of 50 credits for Part A (maximum 50 credits) and a minimum of 25 credits for Part B (maximum of 50 credits). Part A and Part B should be taken concurrently, although either can be taken in any order once all strategic level examinations have been completed. The overall result for the Test of Professional Competence in Management Accounting can only be given when both component parts have been completed. Part A – Initial Professional Development – Work Based Practical Experience All students must prepare and submit a ‘CIMA Career Profile’ for assessment of their personal work based practical experience and skills development. An approved Career Profile is awarded 50 credits – the amount needed to meet the requirements for Part A of the Test of Professional Competence in Management Accounting. Part B Case Study Examination Students must sit and pass the Case Study examination, 25 credits must be awarded to meet the minimum requirements for Part B of the Test of Professional Competence in Management Accounting. T4 case study pre-seen material The pre-seen material and assessment matrix is available to download from our website http://www.cimaglobal.com/en-gb/Students/2010-professional-qualification/Test-ofprofessional-competence-in-management-accounting/Study-resources/Pre-seen-material/ . It is your responsibility to download this material and analyze and familiarize yourself with it before the exam. A ‘clean’ copy of the pre-seen material, the additional ‘unseen’ material, the assessment matrix, the exam requirement and the relevant maths table will be given to you in the exam. You can’t take any notes into the exam. Attendance slip receipts After each exam sitting you must keep your Attendance Slip receipt that you received for each paper sat. The receipt must be kept for at least 4 months. Exams results To receive your results by email, you need to register beforehand on our website via my personal details and my communication preference. You can also look up your exam results on the website without having to register beforehand. We send exam results out as follows: May exams end of July November exams end of January 9

Sample exam timetable Morning session 9:10am to 12:30pm (20mins reading time) Afternoon session 1:40pm to 5:00pm (20mins reading time)

Tuesday 23 Nov

Wednesday 24 Nov

Thursday 25 Nov

Paper E1 Paper E3

Paper P1 Paper P3

Paper F1 Paper F3

Paper E2 Paper M1 (CMGA) Paper A1 (CGA)

Paper P2

Paper F2 Paper T4

Chartered Management Accountant Upon completion of the Test of Professional Competence in Management Accounting, students will be elected as a Chartered Management Accountant.

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VII. Ideal progression path in Hong Kong

Study materials available

Exam registration

Start of study

Preparatory course

Exam

November 2010 Diet Paper F1

15-Jul-10

2-Aug-10

13-Aug-10

14-Sep-10

25-Nov-10

Paper F2

15-Jul-10

2-Aug-10

13-Aug-10

15-Sep-10

25-Nov-10

Paper P1

15-Jan-11

1-Feb-11

12-Feb-11

16-Mar-11

24-May-11

Paper P2

15-Jan-11

1-Feb-11

12-Feb-11

15-Mar-11

25-May-11

May 2011 Diet

November 2011 Diet Paper E1

15-Jul-11

1-Aug-11

12-Aug-11

14-Sep-11

23-Nov-11

Paper E2

15-Jul-11

1-Aug-11

12-Aug-11

15-Sep-11

24-Nov-11

* Award – CIMA Diploma in Management Accounting * Award – CIMA Advanced Diploma in Management Accounting

May 2012 Diet Paper E3

15-Jan-12

1-Feb-12

12-Feb-12

16-Mar-12

24-May-12

Paper P3

15-Jan-12

1-Feb-12

12-Feb-12

15-Mar-12

25-May-12

Paper F3

15-Jan-12

1-Feb-12

12-Feb-12

16-Mar-12

24-May-12

* Submission of career profile T4 (Part A)

November 2012 Diet T4 – Part B

15-Jul-12

2-Aug-12

13-Aug-12

14-Sep-12

25-Nov-12

***The above dates are all tentative and subject to change ***Certificate level students who wish to sit operational/management level exams in Nov 10 must complete all certificate level subjects by 1 Sept 10.

* Elected as a Chartered Management Accountant

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VIII. Study resources (please refer to the CIMA study resources brochure for details)

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CIMA learning system „ „ „ „

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Exam practice kit „ „ „

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CIMA (E1, P1, F1, E2, P2, F2, E3, F3) Enquiries: 3741 1957 HKICPA (P3, T4) Enquiries: 2287 7058 HKU SPACE (CMGA, CGA) Enquiries: 2867 8474

CIMA Study (http://cimastudy.com/) „ „ „ „ „ „

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Exam–focused, concise revision notes that identify key topics Diagrams and tables throughout that reinforce key concepts and aid memory retention and recall Pocket sized – ideal for revision at any time

CIMA Preparatory courses (please refer to the CIMA preparatory courses brochure for details) „

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Exam questions with type and weighting to match the format of the exam Fully worked model answers to test your knowledge against Summaries of key theory

Revision cards „ „

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The official study materials endorsed by CIMA Fully revised with new examples and case studies Written by the CIMA Faculty Complete integrated package incorporating syllabus guidance, full text, recommended articles, revision guides and extensive question practice – everything you need to pass your exam

Complete on-line study material with text, interactive elements, practice Q & A, test Q & A, review questions, key to solution, actual solution and exam tips. 120 hours of learning material for each course. CIMA Terminology database CIMA syllabus summary Available for all Certificate, Operational, Management, Strategic level courses £40/£50

CIMA – CUHK SCS joint MA programmes

No. of papers Programme fee Duration CIMA exemptions Award

Diploma

Professional Diploma

6 $2,800/paper 6 months C01-C05 (CIMA Certificate Level) CIMA-CUHK SCS joint award

6 $3,100/paper 6 months E1, P1, F1 (CIMA Operational Level) CIMA-CUHK SCS joint award

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Advanced Professional Diploma 6 $3,100/paper 9 months E2, P2, F2 (CIMA Strategic Level) CIMA-CUHK SCS joint award

7.

CIMA past exam papers and suggested answers „

Past exam questions and suggested answers can be downloaded from ‘MYCIMA’ www.cimaglobal.com at no extra cost (Student information → Past exam questions and answers)

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8.

CIMA website (www.cimaglobal.com) „

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Sample exam papers and post exam guides can be downloaded from CIMA website at www.cimaglobal.com (students→2010 professional qualification)

Velocity (bi-monthly e-magazine for students) http://www.cimaglobal.com/Thought-leadership/Newsletters/Velocity-e-magazine/

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Provide plenty of guidance to help you get ready for your exams Careers advice for students who want to know more about the great jobs that CIMA's globally recognised qualification leads to Special features include a chance to put a question to an assessor, and a practice exam question and model answer for you to use as part of your study plan

Financial Management magazine „ „

For all CIMA students and members 10 copies per year by post

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Library The library, located at the CIMA Hong Kong Office, is open to both CIMA members and students. Your CIMA Contact ID as well as your HKID card will be recorded when borrowing library materials. Students can borrow up to 3 items per visit and the loan period is 14 days.

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IX. MYCIMA (please refer to the MYCIMA guide and Online user guide for details) You can access to ‘MYCIMA’ by entering your CIMA Contact ID and a password to: - Update personal information - Register of exams - Check on exam results - Settle payment of fees - Download Financial Management Magazine & Velocity e-magazine - Download past exam papers and suggested answers

X. Study materials & suppliers There are a number of sources from which you can obtain a series of study materials for the CIMA examinations. Elsevier – CIMA official study system CIMA Hong Kong office Suites 1414-1415, 14/F Jardine House Central Hong Kong T. +852 2511 2003 F. +852 2507 4701 E. [email protected] www.cimahongkong.com Opening hours: 9.30am – 5.30pm (Mon-Wed, Fri) 9.30am – 7.00pm (Thu) Bloomsbury Books Limited Shop 102, 1/F, Hutchison House, 10 Harcourt Road, Central, Hong Kong www.bloomsbury.com.hk T. +852 2110 9828

Kaplan Publishing www.ftckaplan.com

BPP Publishing Limited www.bpp.com

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