Showing posts with label Cima News. Show all posts
Showing posts with label Cima News. Show all posts
Thursday, 4 July 2019
CA Sri Lanka individuals would now be able to acquire AICPA universal partner participation
The Institute of Chartered Accountants of Sri Lanka kept on making advances over the worldwide bookkeeping field, as it marked one more Memorandum of Understanding (MoU) with the Association of International Certified Professional Accountants (AICPA), which plans to fortify the remaining of CA Sri Lanka individuals globally.
The MoU marked by Jagath Perera, President of CA Sri Lanka and Jim Knafo, Director, Global Alliances — Public Accounting of AICPA in Kuala Lumpur, Malaysia, clears the pathway for CA Sri Lanka Members to acquire the AICPA International Associate participation.
The understanding will likewise open up roads for both expert bodies to team up including on Continuing Professional Development (CPD) and the organization of CPA Exams in Sri Lanka.
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AICPA is a worldwide group of expert bookkeepers, joining the qualities of the American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA), with 35 workplaces in 20 nations. It speaks to 667,000 individuals and understudies openly and the executives bookkeeping.
CA Sri Lanka appreciates concurrences with a portion of the world's top global expert bookkeeping associations, including the Institute of Chartered Accountants in England and Wales (ICAEW), Chartered Accountants Australia and New Zealand (CA ANZ), CPA Australia and Chartered Institute of Management Accountants (CIMA).
Sunday, 10 September 2017
Tianli Holdings Appoints New CFO
Hong Kong-listed Tianli Holdings Group Limited has appointed Yu Zhenyu as an Executive Director and Chief Financial Officer of the company with effect from 22 September 2017.
Yu, aged 35, received his master’s degree in Accounting and Finance with Management Studies from University of Hertfordshire in 2006. From 2006 to 2012, Yu worked in the branch offices of two international accounting firms (Deloitte and KPMG) in the PRC successively, providing listing and statutory audit services for several major companies and financial institutions.
From 2012 to 2017, Yu held a senior position in Treasury and Accounting Department at the principal overseas investment platform of a nationwide asset management firm, being in charge of domestic finance and domestic and cross-border financing.
Yu is a member of Forensic Certified Public Accountant International, a fellow of Chartered Institute of Management Accountants and a member of the Institute of Public Accounts. He has extensive experience in auditing, financial management and corporate finance.
Yu has not held any directorship in other public companies the securities of which are listed on any securities market in Hong Kong or overseas for the last three years.
Yu, aged 35, received his master’s degree in Accounting and Finance with Management Studies from University of Hertfordshire in 2006. From 2006 to 2012, Yu worked in the branch offices of two international accounting firms (Deloitte and KPMG) in the PRC successively, providing listing and statutory audit services for several major companies and financial institutions.
From 2012 to 2017, Yu held a senior position in Treasury and Accounting Department at the principal overseas investment platform of a nationwide asset management firm, being in charge of domestic finance and domestic and cross-border financing.
Yu is a member of Forensic Certified Public Accountant International, a fellow of Chartered Institute of Management Accountants and a member of the Institute of Public Accounts. He has extensive experience in auditing, financial management and corporate finance.
Yu has not held any directorship in other public companies the securities of which are listed on any securities market in Hong Kong or overseas for the last three years.
Thursday, 31 August 2017
New head office team to open doors for GAI members
Angie Corkhill is the new Director who comes to the GAI with more than 15 years experience in executive responsibility in the professional and educational sector in London, Singapore and Sydney.
Her most recent role was Director of Member Relations and Digital at Finsia (Financial Services Institute of Australasia) where she was responsible for developing and delivering the digital strategy to retain members and enhance their membership experience. This role has also involved building relationships with other international organizations to maintain a high profile.
Previously, she had roles as director of member services and policies, director of transformation and projects, and as regional director in Asia-Pacific at the Chartered Institute of Management Accountants (CIMA).
Angie said: "The Guild already has a strong global presence, especially in the GCC and Asia, and I look forward to making these relationships to the next level, expanding the already excellent education program and promoting technical support That we offer to our members.
Keiron Lewis was appointed Head of Marketing for GAI. He joined the GAI with extensive experience in B2C and B2B companies, including Domino's Pizza and Cadbury. These roles involved the design of advertising material and the creation of marketing plans to help position brands in the expanding market. He has taken several courses at the Chartered Institute of Marketing (CIM) and has an advertisement from BA (Hons) and media from the University of Coventry.
One of the first functions of Keiron will be to organize the GAI Education Awards on November 9 which recognizes the outstanding academic achievements of the emerging stars of the architectural ironwork industry.
Members of the Guild and the Institute will be well supported by Abigail Wong, a new administrator of the guild. Abigail has experience in the implementation and coordination of office procedures and ensures the highest quality customer service for clients and members. In his previous role within the Venn group, Abigail worked in the team's administrators department, responsible for more than 340 staff and support to company directors.
David Stacey, President of GAI, said: "When I started my presidency in May of this year, the first task was to recruit the right people to support Douglas Masterson's excellent headquarters team, Rachel Tipton and Davina King.
"I am pleased that we have found Angie, Keiron and Abby who can help us make the Guild and the Institute to the next level, continue to support and develop the UK and our growing membership abroad, Particularly in the face of the globalized construction regulation ".
Her most recent role was Director of Member Relations and Digital at Finsia (Financial Services Institute of Australasia) where she was responsible for developing and delivering the digital strategy to retain members and enhance their membership experience. This role has also involved building relationships with other international organizations to maintain a high profile.
Previously, she had roles as director of member services and policies, director of transformation and projects, and as regional director in Asia-Pacific at the Chartered Institute of Management Accountants (CIMA).
Angie said: "The Guild already has a strong global presence, especially in the GCC and Asia, and I look forward to making these relationships to the next level, expanding the already excellent education program and promoting technical support That we offer to our members.
Keiron Lewis was appointed Head of Marketing for GAI. He joined the GAI with extensive experience in B2C and B2B companies, including Domino's Pizza and Cadbury. These roles involved the design of advertising material and the creation of marketing plans to help position brands in the expanding market. He has taken several courses at the Chartered Institute of Marketing (CIM) and has an advertisement from BA (Hons) and media from the University of Coventry.
One of the first functions of Keiron will be to organize the GAI Education Awards on November 9 which recognizes the outstanding academic achievements of the emerging stars of the architectural ironwork industry.
Members of the Guild and the Institute will be well supported by Abigail Wong, a new administrator of the guild. Abigail has experience in the implementation and coordination of office procedures and ensures the highest quality customer service for clients and members. In his previous role within the Venn group, Abigail worked in the team's administrators department, responsible for more than 340 staff and support to company directors.
David Stacey, President of GAI, said: "When I started my presidency in May of this year, the first task was to recruit the right people to support Douglas Masterson's excellent headquarters team, Rachel Tipton and Davina King.
"I am pleased that we have found Angie, Keiron and Abby who can help us make the Guild and the Institute to the next level, continue to support and develop the UK and our growing membership abroad, Particularly in the face of the globalized construction regulation ".
Wednesday, 28 June 2017
AICPA and Ad Council Launch Free Digital Game ‘Yesterday’s Tomorrow’
Like many adults between the ages of 20 and 30 are very aware, building a solid financial foundation is crucial. In fact, research shows that one of the three thousand (34%) is ranked as the number one target. To help these young people navigate the path of prosperity, launched the American Institute of CPA (AICPA) and the Ad Council today yesterday, a free game of digital financial literacy. The new game will help players understand the long-term impact of their financial decisions and take control of their personal finances. Yesterday, Tomorrow is part of the joint campaign of public service organizations, eating pork.
Yesterday morning (https://game.feedthepig.org/) teaches players to consider how the financial decisions they make now can affect them later in life and encourages them to develop a relationship with a future version of them -The same. Research shows that most millennia see the obvious benefits of digital games. Two out of three (67%) say that games are important to help them learn how to create winning strategies and seven out of ten (70%) believe that it helps them learn to solve problems. With yesterday's morning, Ad Council and AICPA use the positive effects that games can have to help thousands of years to develop healthy financial habits.
"Yesterday morning helps young adults realize the importance of making positive financial decisions early in life and shows the long-term benefits to being financially competent," said Gregory Anton, CPA, CGMA, president, national financial education APICA Commission. "With the morning yesterday, feed the pig campaign uses the game to help thousands of years to prepare for future financial success."
"Yesterday morning offers a fun, fast and educational gaming experience," said Lisa Sherman, president and CEO of the Ad Council. "Young adults are playing online games more than ever, offering the country an unconventional approach to reach thousands with saving money resources."
The digital game is presented in narrative form of a photo album with snapshots that are mandatory and optional financial decisions that people make throughout their lives. The player decides to work part-time at school, get married or travel the world, learn the impact of their decisions in the future as the game progresses. Developed by Crafter.life Morning Studies Yesterday is available at FeedThePig.org. The game takes about 15 to 20 minutes.
In 2016, the AICPA Board Announcement and Games for Change (G4C) have partnered to launch the Pig Feed Challenge, which invited game designers to offer a digital game that encouraged young people to save part of their daily lives . The winning game, yesterday morning, was introduced by Scott Garner, who introduced a group of financial experts and play games and the Media Summit Tribeca Film Festival.
Yesterday morning is the last resort of the pig feed campaign, which aims to educate and support young adults aged 25 to 34 to help develop better habits of money. While one of the three thousand (34%) is the number one target, most millennia (65%) say impulse buying and lack of personal budget (62%) prevent more savings. These statistics highlight the importance of teaching thousands of good money management habits early in their financial lives.
The Feed Pig website offers a range of interactive tools, including calculators and free subscriptions to weekly savings tips by e-mail to help promote positive savings habits. To date, the pig-eating campaign has received more than $ 440 million from the media donated through the Ad Council model.
The CPA profession launched a unified financial education initiative, Financial Education 360, there are twelve. The effort brought together the AICPA, state corporations and CPA CPA individual fight against financial illiteracy.
Yesterday morning (https://game.feedthepig.org/) teaches players to consider how the financial decisions they make now can affect them later in life and encourages them to develop a relationship with a future version of them -The same. Research shows that most millennia see the obvious benefits of digital games. Two out of three (67%) say that games are important to help them learn how to create winning strategies and seven out of ten (70%) believe that it helps them learn to solve problems. With yesterday's morning, Ad Council and AICPA use the positive effects that games can have to help thousands of years to develop healthy financial habits.
"Yesterday morning helps young adults realize the importance of making positive financial decisions early in life and shows the long-term benefits to being financially competent," said Gregory Anton, CPA, CGMA, president, national financial education APICA Commission. "With the morning yesterday, feed the pig campaign uses the game to help thousands of years to prepare for future financial success."
"Yesterday morning offers a fun, fast and educational gaming experience," said Lisa Sherman, president and CEO of the Ad Council. "Young adults are playing online games more than ever, offering the country an unconventional approach to reach thousands with saving money resources."
The digital game is presented in narrative form of a photo album with snapshots that are mandatory and optional financial decisions that people make throughout their lives. The player decides to work part-time at school, get married or travel the world, learn the impact of their decisions in the future as the game progresses. Developed by Crafter.life Morning Studies Yesterday is available at FeedThePig.org. The game takes about 15 to 20 minutes.
In 2016, the AICPA Board Announcement and Games for Change (G4C) have partnered to launch the Pig Feed Challenge, which invited game designers to offer a digital game that encouraged young people to save part of their daily lives . The winning game, yesterday morning, was introduced by Scott Garner, who introduced a group of financial experts and play games and the Media Summit Tribeca Film Festival.
Yesterday morning is the last resort of the pig feed campaign, which aims to educate and support young adults aged 25 to 34 to help develop better habits of money. While one of the three thousand (34%) is the number one target, most millennia (65%) say impulse buying and lack of personal budget (62%) prevent more savings. These statistics highlight the importance of teaching thousands of good money management habits early in their financial lives.
The Feed Pig website offers a range of interactive tools, including calculators and free subscriptions to weekly savings tips by e-mail to help promote positive savings habits. To date, the pig-eating campaign has received more than $ 440 million from the media donated through the Ad Council model.
The CPA profession launched a unified financial education initiative, Financial Education 360, there are twelve. The effort brought together the AICPA, state corporations and CPA CPA individual fight against financial illiteracy.
Tuesday, 6 June 2017
Why is CPA Australia hoarding $91 million?
Alex Malley was called several times by now "record surplus" CPA Australia during his time at the helm. This jargon, of course, ignores the fact that the CPA is not a for-profit business, but a service provider owned by its members. In this case, huge surplus funds are either overcharged or under-invested funds.
It's the same for the assets. Why, oh, why CPA that has assets worth $ 195.4 million, including $ 97 million in cash? If you deduct a liability of $ 104.4 million, a net asset of $ 91 million, equivalent to $ 568 per member.
The competitor CPA, Accountants, Australia and New Zealand is an even more obvious advantage, with net worth of $ 71.6 million, or $ 612 per member. Engineers from Australia is another clash with 32 million, or $ 320 per member.
Searching abroad (such as Malley, the general is forced to do by actual peers), and ACP America reported net balance of assets in 2014 to 39.4 million, or 94 dollars per member. The Chartered Institute of Accountants UK Management Institute has net assets of $ 4 million, or $ 40 per member.
Whether it be Medical Colleges, recommendations from institutes or management, the mandates for basic services were buried by the lines of letters. Superior imagine how real estate trustees and fund managers will justify the proportional share package and is inflated. Is it any wonder that these "leaders" constantly prohibit new frontiers, every new space for growth justify a new online penetration costs?
Whether it's 91 million or 32 million - both are evidence of severe overload and maintenance of the members. This is a bloody time for a special dividend payment! And a return to the basics, especially in values. And no, not the self-aggrandis proverbs that read in the lousy airport books.
It's the same for the assets. Why, oh, why CPA that has assets worth $ 195.4 million, including $ 97 million in cash? If you deduct a liability of $ 104.4 million, a net asset of $ 91 million, equivalent to $ 568 per member.
The competitor CPA, Accountants, Australia and New Zealand is an even more obvious advantage, with net worth of $ 71.6 million, or $ 612 per member. Engineers from Australia is another clash with 32 million, or $ 320 per member.
Searching abroad (such as Malley, the general is forced to do by actual peers), and ACP America reported net balance of assets in 2014 to 39.4 million, or 94 dollars per member. The Chartered Institute of Accountants UK Management Institute has net assets of $ 4 million, or $ 40 per member.
Whether it be Medical Colleges, recommendations from institutes or management, the mandates for basic services were buried by the lines of letters. Superior imagine how real estate trustees and fund managers will justify the proportional share package and is inflated. Is it any wonder that these "leaders" constantly prohibit new frontiers, every new space for growth justify a new online penetration costs?
Whether it's 91 million or 32 million - both are evidence of severe overload and maintenance of the members. This is a bloody time for a special dividend payment! And a return to the basics, especially in values. And no, not the self-aggrandis proverbs that read in the lousy airport books.
Thursday, 30 March 2017
‘Information evaluation, decision-making techniques key to business success’
Using relevant information, reaching and implementing decisions quickly, streamlining operating models, building an organizational culture were identified as factors that would enable business leaders to succeed more in their organizations.
This was the opinion expressed by the speakers in the inaugural edition of General Management Accountants, CGMA Habla Series, Lagos and was organized by the Collegiate Institute of Accountants Management, CIMA, in collaboration with Phillips Consulting under the theme; "The event, which hosted the high-level leaders of local and multinational companies, spoke to power by insisting that leaders should lead by example while encouraging their employees to realize that they are part of a system in An organization and do not function as individuals.
Opening speech Internet broadcasting and technology, President CIMA, Andrew Miskin said that the mode of communication around the world has evolved due to the invention and development of the Internet and technology now with real-time data easily Available for commercial information exchange and is now a comprehensive two-way process. However, he noted that, despite the presence of abundant data, the interpretation of information has become less clear today due to overhead registration. "We have real-time information about what is going on in our business, but we can not have real-time help with data.
This gives us a very different view of the decision-making process that can Accounting, since he is not comfortable with that, "he said. On the other hand, the CEO, Phillips Consulting, Folusho Phillips, said that if we make the relevant decisions, the ability to articulate, make and execute decisions is also a key component of decision making quickly. "Yes, we have to make good decisions, but once we make a decision, it is the execution speed that matters because that is how we execute such a decision could determine the outcome of this program or this plan goes beyond the decision in The right time, this is implemented and to make sure that making the right decision quickly make the right decisions and it is necessary to execute it. "
This was the opinion expressed by the speakers in the inaugural edition of General Management Accountants, CGMA Habla Series, Lagos and was organized by the Collegiate Institute of Accountants Management, CIMA, in collaboration with Phillips Consulting under the theme; "The event, which hosted the high-level leaders of local and multinational companies, spoke to power by insisting that leaders should lead by example while encouraging their employees to realize that they are part of a system in An organization and do not function as individuals.
Opening speech Internet broadcasting and technology, President CIMA, Andrew Miskin said that the mode of communication around the world has evolved due to the invention and development of the Internet and technology now with real-time data easily Available for commercial information exchange and is now a comprehensive two-way process. However, he noted that, despite the presence of abundant data, the interpretation of information has become less clear today due to overhead registration. "We have real-time information about what is going on in our business, but we can not have real-time help with data.
This gives us a very different view of the decision-making process that can Accounting, since he is not comfortable with that, "he said. On the other hand, the CEO, Phillips Consulting, Folusho Phillips, said that if we make the relevant decisions, the ability to articulate, make and execute decisions is also a key component of decision making quickly. "Yes, we have to make good decisions, but once we make a decision, it is the execution speed that matters because that is how we execute such a decision could determine the outcome of this program or this plan goes beyond the decision in The right time, this is implemented and to make sure that making the right decision quickly make the right decisions and it is necessary to execute it. "
Monday, 9 January 2017
Why I became . . .
I studied music in UCD. I knew there was money in pop music and did not want it like a star. Nor wanted to be a chamber musician; For me, it had to be a composer, writing and selling music, or being involved in music production.
But I spent most of my time on the websites doing the University, working for computer companies and digital video surveillance systems. I was going to enter the company, but had not realized that I wanted to be an entrepreneur.
As time passed, I became more and more involved in business all played and writing music groups. I have created different companies over the years. Many did not work, some were successful, and some just ran its course before trying anything else. This is the way in business, but I never thought of it as a failure: it is part of the learning experience in this industry.
Little Vista is my project and software for the current industry so do childcare so that parents can feel confident that their children are duly taken into account.
Besides music, I held it in my hand, I do not know what else but an entrepreneur, because it is constantly challenging and rewarding in many ways. Although if I were a billionaire, I would like to be an investor and philanthropist: I heard you can reach the International Space Station if you have enough money.
But I spent most of my time on the websites doing the University, working for computer companies and digital video surveillance systems. I was going to enter the company, but had not realized that I wanted to be an entrepreneur.
As time passed, I became more and more involved in business all played and writing music groups. I have created different companies over the years. Many did not work, some were successful, and some just ran its course before trying anything else. This is the way in business, but I never thought of it as a failure: it is part of the learning experience in this industry.
Little Vista is my project and software for the current industry so do childcare so that parents can feel confident that their children are duly taken into account.
Besides music, I held it in my hand, I do not know what else but an entrepreneur, because it is constantly challenging and rewarding in many ways. Although if I were a billionaire, I would like to be an investor and philanthropist: I heard you can reach the International Space Station if you have enough money.
Thursday, 24 November 2016
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How to Pass CIMA P2 Exam?
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The CIMA Advanced Diploma In Management Accounting CIMA P2 Study Material does a great job in this matter. All the CIMA P2 Questions Answers are formed as per the requirement of CIMA P2 Test Engine. There are the perfect CIMA P2 Real Exam Questions which are designed by the expert faculty. In this way, a learner can be able to take custom education. It is the fact that CIMA Advanced Diploma In Management Accounting CIMA P2 VCE is hard to master because it is not as simple as paper writing. It needs your complete concentration.
A solid and authentic research are required to pass the CIMA Advanced Diploma In Management Accounting exam. If you are looking for the services of a professional individual who can assist you in this regard then you must take online help.
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Sunday, 16 October 2016
ACCA and IMA: Preparing Your Company for Change and Disruption
According to a new report from ACCA (Association of Chartered Certified Accountants) and IMA (Institute of Management Accountants)), companies must regularly and systematically to include emerging risks to stimulate innovation. More information about the report, "Innovation and ERM: partners in managing shock waves"
The traditional thinking about strategy has become less relevant as a disturbance wave accelerates the pace of business. The report, written by Dr. Paul L. Walker, Ph.D., CPA, highlights the main ways in which enterprise risk management (ERM) can be linked successfully for strategy and innovation, including:
In accounting and finance profession specifically, understanding the risks is a key to successfully hijack the failure of a company to success. Consequently, there is increasing pressure for accountants to develop a keen sense of business risk on your financial experience.
"Financial professionals are generally risk averse, but need to expand your comfort level to become true strategic partners," said Raef Lawson, Ph.D., CMA, CPA, Vice President of Research and Policy at the IMA. "CFOs and finance future professionals need a change of mentality of accounting and control to focus on value factors in the company."
ERM not only allows a company to innovate but can also protect the decline in innovation. Companies that are new and strategic things to create their own wave of unrest must also manage risk and uncertainty. This requires a different approach to capturing new ideas and new tools for risk.
"Innovation without knowing the risk is the main reason for failure," said Faye Chua, Managing Director of Business Insights at ACCA. "Being proactive in planning against unforeseen challenges paves the way for success in times of uncertainty."
This report is a product of the strategic alliance between ACCA and IMA, focusing on research to study the future of global accounting profession.
The traditional thinking about strategy has become less relevant as a disturbance wave accelerates the pace of business. The report, written by Dr. Paul L. Walker, Ph.D., CPA, highlights the main ways in which enterprise risk management (ERM) can be linked successfully for strategy and innovation, including:
- Interpretation of disturbing waves: By integrating risk detection tools, companies can anticipate and respond to disturbances waves more easily.
- Rethinking the strategy and tools: With the tools that improve understanding of the risks, companies can develop and modify the key assets to combat changes in the external environment.
- Innovate business models: In response to the risk, it is important for companies to innovate not only in their fields but also consider the innovatios business model.
In accounting and finance profession specifically, understanding the risks is a key to successfully hijack the failure of a company to success. Consequently, there is increasing pressure for accountants to develop a keen sense of business risk on your financial experience.
"Financial professionals are generally risk averse, but need to expand your comfort level to become true strategic partners," said Raef Lawson, Ph.D., CMA, CPA, Vice President of Research and Policy at the IMA. "CFOs and finance future professionals need a change of mentality of accounting and control to focus on value factors in the company."
ERM not only allows a company to innovate but can also protect the decline in innovation. Companies that are new and strategic things to create their own wave of unrest must also manage risk and uncertainty. This requires a different approach to capturing new ideas and new tools for risk.
"Innovation without knowing the risk is the main reason for failure," said Faye Chua, Managing Director of Business Insights at ACCA. "Being proactive in planning against unforeseen challenges paves the way for success in times of uncertainty."
This report is a product of the strategic alliance between ACCA and IMA, focusing on research to study the future of global accounting profession.
Sunday, 15 May 2016
New CIMA Board Member Appointed
Cayman's financial regulator appointed Executive Garth MacDonald retired from the insurance company of its board of directors.
The Council cites Monetary Authority of the Cayman Islands, held in late March, was confirmed by the government this week.
Mr. MacDonald will replace Greenlight Re Brian Murphy, who was appointed to the board, but later said it was not able to serve because of other commitments.
Financial Services Minister Wayne Panton, which is responsible for overseeing the operations of the Monetary Authority of the Cayman Islands, said he was looking for someone with experience in the insurance industry to serve at the table "CIMA administration.
MacDonald served as CEO of Island Heritage Insurance 2007-2013, when he retired.
Before moving to the Cayman Islands in 1994, MacDonald worked with KPMG and international insurance group. He holds a degree in finance and accounting and accounting referee.
The Council cites Monetary Authority of the Cayman Islands, held in late March, was confirmed by the government this week.
Mr. MacDonald will replace Greenlight Re Brian Murphy, who was appointed to the board, but later said it was not able to serve because of other commitments.
Financial Services Minister Wayne Panton, which is responsible for overseeing the operations of the Monetary Authority of the Cayman Islands, said he was looking for someone with experience in the insurance industry to serve at the table "CIMA administration.
MacDonald served as CEO of Island Heritage Insurance 2007-2013, when he retired.
Before moving to the Cayman Islands in 1994, MacDonald worked with KPMG and international insurance group. He holds a degree in finance and accounting and accounting referee.
Sunday, 1 May 2016
Numbers not Adding Up
Economic study counters around the world, including the Caribbean, it was found that most companies are reducing employment and investment.
And the latest study of global economic conditions published by the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants also indicated that 69 percent of respondents in this part of the world feel less optimistic about conditions economic in the first quarter of this year.
"The problems are particularly acute in the largest economy in the region, Brazil, where the president seems [Dilma] Rousseff is on the prosecution and [gross domestic product] will shrink 5.9 percent [one year] in the fourth district according to government figures, "said the report.
"The parts of the Caribbean, including Trinidad and Tobago, also suffered as prices of raw materials fell, which helps explain why our rate of government expenditure pending the region fell during the last year.
"A recovery of the amount and demand for financial services of tourism [US], meanwhile, should help these economies in the Caribbean - as Barbados, Jamaica and the Cayman Islands - where prices commodities are less important" .
Overall, the survey found that more than half of the companies are either cutting or freezing employment, while only 14 percent increase investment in personnel.
In response to the results, Faye Chua, director of ACCA business concentration, said, "Take the North America of the equation and the economic picture painted by this survey is not enough Emerging markets are under siege Sales of raw materials companies.. trade have collapsed since mid 2014. And in China business confidence fell to its lowest level since our records began.
"Almost half of the companies reported lower revenues in each district. As a result, all regions except North America has seen an increase in the number of capital spending by reducing the AT- companies added.
"With emerging economies continues to struggle with the prices of basic and numerous companies in a locking overhead products, the outlook for the global economy is increasingly bleak."
He noted that this is the so-called emerging markets that have been "suffering the most substantive lines being squeezed."
The official also said pulling the global economy out of the doldrums could not be achieved in the short term.
And the latest study of global economic conditions published by the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants also indicated that 69 percent of respondents in this part of the world feel less optimistic about conditions economic in the first quarter of this year.
"The problems are particularly acute in the largest economy in the region, Brazil, where the president seems [Dilma] Rousseff is on the prosecution and [gross domestic product] will shrink 5.9 percent [one year] in the fourth district according to government figures, "said the report.
"The parts of the Caribbean, including Trinidad and Tobago, also suffered as prices of raw materials fell, which helps explain why our rate of government expenditure pending the region fell during the last year.
"A recovery of the amount and demand for financial services of tourism [US], meanwhile, should help these economies in the Caribbean - as Barbados, Jamaica and the Cayman Islands - where prices commodities are less important" .
Overall, the survey found that more than half of the companies are either cutting or freezing employment, while only 14 percent increase investment in personnel.
In response to the results, Faye Chua, director of ACCA business concentration, said, "Take the North America of the equation and the economic picture painted by this survey is not enough Emerging markets are under siege Sales of raw materials companies.. trade have collapsed since mid 2014. And in China business confidence fell to its lowest level since our records began.
"Almost half of the companies reported lower revenues in each district. As a result, all regions except North America has seen an increase in the number of capital spending by reducing the AT- companies added.
"With emerging economies continues to struggle with the prices of basic and numerous companies in a locking overhead products, the outlook for the global economy is increasingly bleak."
He noted that this is the so-called emerging markets that have been "suffering the most substantive lines being squeezed."
The official also said pulling the global economy out of the doldrums could not be achieved in the short term.
Sunday, 10 April 2016
CIMA: Senior Leaders Struggle to Make Right Decisions
Approximately 72 percent of companies have admitted at least one strategic initiative to stop working in the last three years, due to defects in their decision making.
This is according to a recent study by the Institute of Management Accountants (CIMA) and the American Institute of Certified Public Accountants (AICPA), which states that business leaders are struggling to make the right decisions.
Research suggests that information overload, excessive bureaucracy, lack of trust and incentives that are not aligned with the objectives, are all elements that contribute to do business around the world a wrong decision.
"Connecting the dots: the decision for a new era", the report examines a number of board-level executives in large organizations in 16 countries.
He showed that not only the leaders admit doing wrong decision, 80 percent say the wrong information is used to make strategic decisions, with 42 percent of companies admit that their organization has lost a competitive advantage because "were slow to make decisions.
Information overload has been found to be one of the areas where top leaders are struggling with 36 percent saying no deal here.
About 86 percent of organizations high performance and evaluate the management information they need, focusing on key value drivers of the business model.
Almost a third of executives say the biggest obstacle to more decision to make decision to coordination problems caused by compartmentalized and bureaucracy.
Charles Tilley, CEO of CIMA, said: "Bad decisions make a bad deal, so these results are a cause of great concern.
"Above all, leaders need to think in an integrated manner This means it has a clearly defined business model and all decisions about return;. Collect and quickly analyze all relevant information from all parts of the company , and it focuses on key performance indicators rather than instinct or hearsay ".
This is according to a recent study by the Institute of Management Accountants (CIMA) and the American Institute of Certified Public Accountants (AICPA), which states that business leaders are struggling to make the right decisions.
Research suggests that information overload, excessive bureaucracy, lack of trust and incentives that are not aligned with the objectives, are all elements that contribute to do business around the world a wrong decision.
"Connecting the dots: the decision for a new era", the report examines a number of board-level executives in large organizations in 16 countries.
He showed that not only the leaders admit doing wrong decision, 80 percent say the wrong information is used to make strategic decisions, with 42 percent of companies admit that their organization has lost a competitive advantage because "were slow to make decisions.
Information overload has been found to be one of the areas where top leaders are struggling with 36 percent saying no deal here.
About 86 percent of organizations high performance and evaluate the management information they need, focusing on key value drivers of the business model.
Almost a third of executives say the biggest obstacle to more decision to make decision to coordination problems caused by compartmentalized and bureaucracy.
Charles Tilley, CEO of CIMA, said: "Bad decisions make a bad deal, so these results are a cause of great concern.
"Above all, leaders need to think in an integrated manner This means it has a clearly defined business model and all decisions about return;. Collect and quickly analyze all relevant information from all parts of the company , and it focuses on key performance indicators rather than instinct or hearsay ".
Sunday, 27 March 2016
AICPA Council approves ballot measure on deeper relationship with CIMA
Members of the AICPA Council approved a ballot measure on a proposal from the AICPA and the Chartered Institute of Management Accountants (CIMA) to create a new partnership accounting that integrates the activities of organizations and represent the whole of the accounting profession, preserving while their belongings respective bodies.
The proposal first presented to members on Nov. 2, it aims to ensure greater promotion, increased resources and additional educational opportunities. The proposal was approved by the Council of the AICPA and the Council and has the support of 51 companies in the State of the APC, the leaders of many small, medium and large companies, and CFO organizations throughout the United States and around the world . AICPA committees, including private business practice, business and Industry Executive Committee, the performance of the state and Accountability Committee and initiatives of women Executive Committee supported the proposal.
Electronic voting in the measure will start in April next season and continue for two months. regular voting members will receive their personal and confidential votes of the week of April 18 from an external administrator to vote as "AICPA independent tabulator". Moving forward requires the approval of two thirds of the members voting of the AICPA.
Under the proposal, AICPA members remain members of the AICPA and will be designated automatically in the new member of the association as part of its contribution regularly AICPA. CIMA members, who will vote on a similar schedule, remain members of CIMA and also be part of the new partnership.
While the AICPA and CIMA maintain their respective body members and joints, the deeper relationship that allows organizations to defend the public interest and promotion of designations with the power of 600,000 current and accounting professionals the next generation the world, according to the Institute. Operations Integration aims to accelerate and expand resources and service organizations provide.
The AICPA will continue to focus efforts to promote, protect and grow the APC.
The proposal first presented to members on Nov. 2, it aims to ensure greater promotion, increased resources and additional educational opportunities. The proposal was approved by the Council of the AICPA and the Council and has the support of 51 companies in the State of the APC, the leaders of many small, medium and large companies, and CFO organizations throughout the United States and around the world . AICPA committees, including private business practice, business and Industry Executive Committee, the performance of the state and Accountability Committee and initiatives of women Executive Committee supported the proposal.
Electronic voting in the measure will start in April next season and continue for two months. regular voting members will receive their personal and confidential votes of the week of April 18 from an external administrator to vote as "AICPA independent tabulator". Moving forward requires the approval of two thirds of the members voting of the AICPA.
Under the proposal, AICPA members remain members of the AICPA and will be designated automatically in the new member of the association as part of its contribution regularly AICPA. CIMA members, who will vote on a similar schedule, remain members of CIMA and also be part of the new partnership.
While the AICPA and CIMA maintain their respective body members and joints, the deeper relationship that allows organizations to defend the public interest and promotion of designations with the power of 600,000 current and accounting professionals the next generation the world, according to the Institute. Operations Integration aims to accelerate and expand resources and service organizations provide.
The AICPA will continue to focus efforts to promote, protect and grow the APC.
Sunday, 31 January 2016
Management accounting skills in demand in Grimsby
Member of the Chartered Institute of Management Accountants (CIMA) in the region of Yorkshire and Humber won almost double the national average wage in the UK in 2015.
Higher wages
CIMA members earned an average base salary of £ 53,025 last year, almost double the average salary of £ 27,000 in the UK.
Over 50% of CIMA students in the region of Yorkshire and Humber will also receive a bonus last year, which is 6% of their annual salary. Those who are qualified receive a higher bonus of 7%.
CIMA CEO Andrew Harding FCMA, CGMA, said the revenue potential of the members of the professional body in Grimsby remained at a high level, "driven by the importance and value of their business knowledge."
Strong demand and opportunities
Harding added that there is a strong demand continues in management accounting skills that companies seek greater support in decision-making.
"Companies in Grimsby know the benefit of strong skills in management accounting value of conduct and risk management and, therefore, management accountants increasingly sought - and received higher pay accordingly," he said.
Management accountants in Yorkshire and Humber are unsure about their career prospects, with more than half of the intention to change jobs in the next two years and 5% planning to seek employment abroad.
Harding addressed this, saying that the business is "growing world" and that the opportunity to work across different cultures is a "very valuable skill."
Sunday, 24 January 2016
Kenneth Ashe Receives Chartered Global Management Accountant Designation
Kenneth Ashe, director of the financial reports of Prudential Financial, received the Chartered Global Management Accountant (CGMA) of the American Institute of Certified Public Accountants and the Chartered Institute of Management Accountants.
Kenneth Ashe, director of the financial reports of Prudential Financial, received the Chartered Global Management Accountant (CGMA) of the American Institute of Certified Public Accountants and the Chartered Institute of Management Accountants. CGMA designation recognizes professionals with deep understanding of the skills of finance and business has expanded its expertise in the management accountants to help them achieve better business decisions.
"I am honored to receive the CGMA designation and delighted that the accounting profession recognizes that management accountants bring value to organizations," Ashe Said. "This designation represents a commitment to higher education, ethics and professional development that are essential for professional success."
Ashe spent 10 years in management and accounting 4 large Fortune 500 companies, including Standard and Poor, EY and Prudential Financial. Ashe holds a Bachelor of Science in Accounting and a Masters in Accounting with specialization in corporate finance at the Weatherhead School of Management at Case Western Reserve University.
Ashe, Certified Public Accountant (CPA) and Project Management Professional (PMP), a member of the American Institute of Certified Public Accountants, the Institute of Project Management, Mensa and Toastmasters International.
Kenneth Ashe, director of the financial reports of Prudential Financial, received the Chartered Global Management Accountant (CGMA) of the American Institute of Certified Public Accountants and the Chartered Institute of Management Accountants. CGMA designation recognizes professionals with deep understanding of the skills of finance and business has expanded its expertise in the management accountants to help them achieve better business decisions.
"I am honored to receive the CGMA designation and delighted that the accounting profession recognizes that management accountants bring value to organizations," Ashe Said. "This designation represents a commitment to higher education, ethics and professional development that are essential for professional success."
Ashe spent 10 years in management and accounting 4 large Fortune 500 companies, including Standard and Poor, EY and Prudential Financial. Ashe holds a Bachelor of Science in Accounting and a Masters in Accounting with specialization in corporate finance at the Weatherhead School of Management at Case Western Reserve University.
Ashe, Certified Public Accountant (CPA) and Project Management Professional (PMP), a member of the American Institute of Certified Public Accountants, the Institute of Project Management, Mensa and Toastmasters International.
Thursday, 21 January 2016
ACCA and IMA See Role for Accountants in Integrated Reporting

The report, "From Shared Value Share Value: Analysis of the role of accounting in the development of integrated reports in practice," examines the recent movement in Europe reports integrated into these reports in particular. both companies explained their own financial performance and the social and economic impact they make.
Integrated, or IR, reporting is defined as a concise communication about the strategy, governance, performance and prospects of the company, in the context of its external environment, leading to the creation of value in the short, medium and long term.
The report explains how accountants can help identify areas for improvement and development of solutions. The implementation of new accounting methods requires careful design guidelines and processes, and accountants can play an important role in the development of the composite report.
"I think the adoption of the IR will not reach its full potential, including the United States, unless, as the accounting community, we took several steps to lay the groundwork for a transformation of external corporate reporting," said IMA VP Raef Lawson research and policy in a statement.
CFO can be IR project managers in their companies, while accountants, management accountants and auditors have an important role to play in developing the right to recognition of capital, systems right information and the right insurance for reported information, according to the report.
"The role of accounting in the execution of IR are paramount. CFO can be project leaders IR within their companies," said Faye Chua, director of corporate vision of ACCA. "Accountants, management accountants, and auditors have an important role to play in the development of law recognizing the right of capital information systems, and insurance law of reported information."
Wednesday, 30 December 2015
Updated Certification In Business Accounting
KUALA LUMPUR: The Chartered Institute of Management Accountants (CIMA) has launched an updated CIME accounting certificate (Cert BA), whose assessments as part of the update program will start in January 2017.
In a statement, the largest professional organization of management accountants in the world says the update consolidates four of five subjects in existing programs.
"The previous business math autonomous subject is now integrated into other subjects, allowing contextual practical application of mathematics.
"The full content of the program was revised and updated after thorough global industry and research in education, ensure its current and relevant," he added.
Executive Director of CIMA Education, Noel Tagoe said Cert BA was designed to bring people and successful businesses by developing skills and unlock talents.
"The update Cert BA is based on extensive research and consultation with employers and educators around the world, ensuring that the program continues to reflect the new challenges facing companies and satisfies their need for qualified professionals committed and specialized, "he added.
Previously, CIMA has introduced a computerized and updated content classification for professional qualification based on rigorous research and the Chartered Global Management Accountant World (AMG) newly created CIMA competency framework.
While the update Cert BA is an independent rating also continues to serve as a prerequisite for professional qualification.
CIMA also said the update now Cert BA more strongly aligned with the professional qualification by integrating the framework CGMA skills and integration of the "three pillars of learning" structure.
Tuesday, 22 December 2015
Sunday, 15 November 2015
AICPA and CIMA expand lifelong learning site with competencies in accounting and auditing
AICPA and CIMA expand lifelong learning site with competencies in accounting and auditing:
The Institute of CPA and Charter of Management Accountants (CIMA) announced today that they have expanded their learning and development of professional web sites to include skills in accounting and financial reporting, including insurance, as part of a larger effort to increasing lifelong learning in the accounting profession.The site AICPA, CIMA and learning skills launched earlier this year to help Chartered Management Accountant World (CGMA®) designation holders to broaden their skills and build rewarding careers.
In recent months, the site was expanded to include other categories of skills such as auditing employee benefit plan, the government audit and - today - accounting and auditing. Other subject areas will be added in the coming months.
With the addition of the new accounting framework and on-site audit, accountants are now able to analyze where they may have a lack of knowledge and obtain instant personalized recommendations on various learning resources to control this area. The new framework has been developed by some of the best experts in the industry.
"Vocational training is not the quantity of time you spend on a computer or how long you sit through a presentation," said Clar Rosso, vice president of learning and competence AICPA members, in a statement. "This is the acquisition of knowledge and experience that you can and take your career to the next level. That is why an approach to skills development makes sense."
A new feature on the site called "verification of knowledge" gives multiple choice questions on specific topics, with a wrong answer activate links to learning resources on this topic AICPA. In addition, professionals can find nearby conferences leveraging location-based searches. The site is also free and easy mobile.
Sunday, 8 November 2015
Tilley: CIMA focus will remain despite new global association
In announcing its plans to launch a new partnership next year Accounting Age Tilley said he would seek to better use of resources to promote their joint nomination CGMA.
"It's not the end of them," Tilley said. "We will continue to promote management accounting, strengthening [the offer] for employers, strengthening our research and development are maintaining our objective of MA and the Royal Charter .."
CIMA and the AICPA have worked together since 2012, providing a description of the global management accounting (CGMA) to the appropriate members. The move caused some controversy with a former president of CIMA describing the joint venture foam "marketing". The initial risk has not been put before the members for a vote.
However, the two bodies are clearly very happy with his progress to take another step forward. The association, which is currently unnamed, will allow the structure and better aligned resources to further promote CGMA designation. "This will allow the partnership in action worldwide," Tilley said. "This is the expansion of our global presence."
A consultation will be launched very soon the founding members of CIMA before the decision is put to a vote at the General Meeting of April 2016. If approved, the new partnership, which will be owned 50/50 between the two bodies created in June
There are currently 150,000 accounting management represented by the CGMA designation between the two organizations. The company has seen the introduction of the principles of comprehensive management accounting, reflecting how to deal with the main risks facing accountants and values that must be respected. A competency framework has also been introduced to support the need for higher skill levels, while being objective and ethical
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