Regional update April

SME event Tamil Traders Association in Kandy on 14 March

Trainer: M Intikab Bin Ali Fellow member of ACCA (UK), ICMA (SL) and Associate member of CIMA (UK), CPA (Australia), and CGMA (Chartered Global Management Accountant).

Areas covered: Inventory management, credit management, business management.

Launch of the Sustaining Competitive and Responsible Enterprises (SCORE) held on 31 March at the CIMA auditorium

CIMA, the International Labour Organization (ILO) Sri Lanka together with the The Employers' Federation of Ceylon launched a comprehensive partnership agreement to roll out the Sustaining Competitive and Responsible Enterprises (SCORE) short programme.

SCORE is a modular training programme that focuses on developing cooperative relations at the workplace. The five SCORE modules cover workplace cooperation, quality management, clean production, human resource management, and occupational health and safety. Each of the modules includes a joint, two-day classroom training for managers and workers and follow-up visits by experts to the participating enterprises

SLFRS 15: Revenue from Contracts with Customers

CIMA Sri Lanka will be holding a discussion on the latest developments in SLFRS 15 and its business impact.

The objective of SLFRS 15 will be to establish the principles that an entity shall apply to report useful information to users of financial statements about the nature, amount, timing and uncertainty of revenue and cash flows arising from a contract with a customer. The standard also will be providing a single, principles based five-step model to be applied to all contracts with customers.

Key topics covered:

► Overview & Transition to SLFRS 15

► Scope & Scope Exception

► Basics of the 5 step model

► Other aspects of the 5 step revenue recognition model

► Disclosures

► Business Consideration

Date: 20 April 2015

Time: 5.30pm - 7.30pm

Venue: CIMA Auditorium, 356 Elvitigala Mawatha, Colombo 05

Presented by:

Manil Jayasinghe, Senior Partner/Head of Assurance, Ernst and Young, Sri Lanka

Investment

Rs 1500 CIMA members

Rs 1200 CIMA students

Rs 2500 Non members

Past events

Sri Lanka

Date: 24 March 2015

CIMA Convocation, Colombo

Congratulations to the 502 exam completed students who sat the September 2014 and November 2014 examinations. 1 world prize, 14 Sri Lankan prizes.

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Congratulations to the 1st batch of senior officers from our armed forces who successfully completed the CIMA Gateway Exam at convocation

Pakistan CIMA Business Leaders Connect

16 March 2015 – Karachi | 18 March 2015 – Islamabad The Chartered Institute of Management

Accountants (CIMA) Pakistan hosted Business

Leaders Connect on 16 March 2015 at Pearl

Continental Hotel, Karachi and 18 March 2015 at

Serena Hotel, Islamabad where CIMA’s latest

innovations were shared with business leaders by

Mr. Charles Tilley (Chief Executive Officer, CIMA)

along with the value of human capital in an

organization by Ms. Chiranthi Cooray (Chief

Human Resource Officer, Hatton Bank Sri Lanka).

ICAP and CIMA Memorandum of Understanding 16 March 2015 - Karachi Chartered Institute of Management Accountants and Institute of Chartered Accountants of Pakistan (ICAP) have entered a Memorandum of Understanding (MoU) to enable cooperation between the institutes to provide mutual advantage to the members and students The MoU will create an opportunity for CIMA students and members to enhance their knowledge of the local law, taxation, other local regulatory and compliance knowledge and advanced level competence of reporting and assurance services A Level Revision Sessions

A Level revision sessions are being conducted for students in Karachi and Lahore which will benefit more than 2000 A and AS level students in Pakistan for their CIE Examinations. The sessions will be held on the following dates: Karachi | Arena | 9am to 5pm each day 18, 19, 25 and 26 April 2015 Lahore | SKANS 1 | 9am to 5pm 11 and 18 April 2015

Dubai, UAE

24 March, Dubai, UAE Information Systems and Strategy, Professional Development Session The session was delivered by Anju De Alwais a speaker and lecturer from Australia with extensive commercial experience supported by academic qualifications. The session covered the ROI of executive information systems, the information architect aka finance business partner and how the company strategy drives information strategy.

19 April, Dubai, UAE Practicing Integrated Thinking and Reporting, Professional Development Session The session will be delivered by Cristiano Busco, a Professor of Accounting and Integrated Reporting at Roehampton University in London and at Luiss University in Rome. The session will cover why Integrated Thinking and Reporting? What is it? What are the building blocks? How does Integrated Thinking and Reporting work? What are the implications for management accountants and how to face them?

Future events

Pakistan

GBC Regional Finals Regional Finals for Pakistan will be conducted on 4, 5 and 6 May in Karachi, Lahore and Islamabad respectively. Top 4 teams from each city will be presenting from which top 3 will qualify for the Country Finals to be held at Lahore. Report submission deadline has reached and the results are awaiting to be published for the shortlisted teams for GBC Regional Finals.

Teacher Development Workshop

14 May 2015 | 9am to 2pm | Falettis Hotel, Lahore

A workshop is being conducted for O/A Level and Intermediate teachers. For registration teachers and schools can email at faizan.hussain@cimaglobal.com