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Events

Our events are open to all and offer a chance to explore different aspects under business and finance.

CIMA Mastercourse: The Art of Fraud – Financial Smoke Screens Demystified

Tuesday 6 December 2016 | 8.30am to 12.00 noon | CIMA Auditorium, Colombo

This CIMA Mastercourse will focus on an in-depth study of organisations and fraud risks – some of them deep seated, that the origination is complacent about.  These fraud risks will be evaluated within a fraud risk assessment framework, with guidelines on how to implement measures addressing these risks within the organisation. 

The learning outcomes include identification of fraud risk, challenge those areas which the company is complacent about and development of a fraud risk mitigation plan. Solutions such as anti-fraud policy and a whistle blower process will be discussed. 

This Mastercourse will follow a workshop style format, using case studies to illustrate key learnings and provide hands on learning to participants.

Course content

  • Deep dive into facets of fraud risk
  • Analysis of subtle red flags
  • Formulating fraud risk assessment for the organisation
  • Establishing a fraud risk management framework
  • Formulating an anti-fraud policy
  • Whistle blowing procedures
  • Reporting fraud to external parties

Speaker

Averil Ludowyke | Partner | Assurance, Ernst & Young

Who will benefit

Chief Risk Officers, Internal Auditors and Finance Managers

What you can gain              

  • Identify fraud risks
  • Address key areas of concern
  • Fraud risk mitigation plan
  • Fraud reportinng

Fees

CIMA Members and Students Rs 5,000 | Non Members Rs 6,500

For registrations and more information, please contact: Gayani De Soyza

Chartered Institute of Management Accountants
356 Elvitigala Mawatha, Colombo 05
T: +94 (0) 11 2503880 Ext 218 F: +94 (0) 11 2503881
E: mastercourses.srilanka@cimaglobal.com

CIMA Tour de Colombo 2016

26 November 2016 | 1:00pm to 7:00pm | Race Course Grounds 

CIMA Sri Lanka's member engagement event, the Tour de Colombo is a team based competition which tests participants’ strategising skills and mental prowess as they take part in activities in several locations around Colombo, overcoming numerous entertaining challenges within the shortest possible time span.  Team collaboration, problem solving, contingency planning, leadership and decision making will take centre stage.  The event will be managed and executed by a professional event planner with a significant amount of experience in organising such events for leading corporates and social organisations.

Whilst open to the general public, the only entry criteria set is that each team of five should carry at least one CIMA member or an exam passed finalist.  Over the past 2 years, this event has seen a diverse mix of participants, compromising of friends, colleagues and family members.  Exciting prizes are on offer for the top 3 teams, with the winning team being awarded air tickets to Malaysia.  

For more information please call the CIMA Colomb office on 011 2 503880 or Eroma on 011 2 326738.

CIMA Mastercourse: MS Excel advanced, creating more efficient spreadsheets

22 November 2016 | 2.00pm to 6.00pm | CIMA Auditorium

Advanced knowledge of Excel enables increased workflow efficiency - more powerful calculations, faster financial information and time saved with automated routines.

This CIMA Mastercourse aims to explore the above Excel functions and enhance your understanding. 

Course content

  • Excel power tools
  • Using lookups effectively
  • Charts creation
  • Data handling with new data model
  • OLE linking and embedding
  • Expert advice and techniques

Speaker

Harsha Wijesooriya, Chief Executive Officer, Silverlinesoft Pvt Ltd

Fee
CIMA Members Rs 4,500
Non Members   Rs 6,500

For more information and registration, please contact:

Gayani De Soyza
Chartered Institute of Management Accountants
356 Elvitigala Mawatha, Colombo 05
T: +94 (0) 11 2503880 Ext 218
F: +94 (0) 11 2503881
E: mastercourses.srilanka@cimaglobal.com

CIMA Forum on Budget Highlights: An impact analysis of the 71st Annual National Budget

15 November 2016 | 6.00pm to 8.00pm | BMICH, Committee Room B, Colombo 07

Hon. Ravi Karunanayake in his capacity as the Finance Minister has presented his third set of budget proposals which is the 71st budget of Independent Sri Lanka. These proposals would have an impact on various business and industrial sectors.

CIMA will be conducting a post budget seminar to analyse the budget proposals and its impact from an economic, taxation and business perspective.  Presentations will be followed by a panel discussion including eminent panellists from various sectors.

Keynote Speaker

Hon. Ravi Karunanayake (FCMA, CGMA), Minister of Finance 

Discussion topics and speakers

Overview of the 2017 budget and its tax implications to businesses 

Suresh R I Perera (FCMA, CGMA), Principal Tax & Regulatory, KPMG Sri Lanka 

Business impact of the 2017 national budget  

Mangala P. B. Yapa, Managing Director (Designate), Agency for Development, Ministry of Development Strategies and International Trade

Macro-economic impact to business 

Anila Dias Bandaranaike, former Assistant Governor of the Central Bank of Sri Lanka

Panellists

Aravinda Perera (FCMA, CGMA), Chairman, Siyapatha Finance PLC, former Managing Director, Sampath Bank PLC
Priyadharshana Ekanayake (ACMA, CGMA), National Finance Director, Unilever Sri Lanka 
Thanuja Perera, Tax Policy Advisor, Ministry of Finance

Moderator

Hasitha Premaratne (FCMA, CGMA), Chief Financial Officer, Brandix Lanka Ltd

Investment

CIMA members and students - Rs 3,000
Non members - Rs 4,500

For more information and registration, please contact: Gayani De Soyza

Chartered Institute of Management Accountants
356 Elvitigala Mawatha, Colombo 05
T: +94 (0) 11 2503880 Ext 218 F: +94 (0) 11 2503881
E:mastercourses.srilanka@cimaglobal.com

Business Brief: Performing Valuation Using the Reversed DCF Model

Tuesday 8 November 2016 | 6.00pm to 7.30pm | CIMA Auditorium

The programme will help investors to understand the assumptions embedded in the market price, so that they can decide whether such assumptions are reasonable.

Course content

  • What is expectation investing?
  • Expectations infrastructure
  • Analysing company strategy
  • The expectation investing process
  • Two Sri Lankan case studies

Who will benefit

 CFOs, Portfolio Managers, Fund Managers, Investment Professionals, Corporate Finance Professionals, Research Analysts

What you can gain

Look at company valuation from an alternative perceptive, in order to understand market views and assess whether they are reasonable. 

Speaker

Mr. Aruna Perera, CFA, ACA, B.Sc. Accountancy (SJP)
Senior Vice President, Knowledge Management, Copal Amba (a Moody’s Analytics company) 

Ticket Fee

CIMA Students Rs 600 
CIMA Members Rs 700
Non Members Rs 1,000

 

We are confident that you will find this session valuable and look forward to receiving your registration form.

For more information and registrations, please contact:Gayani De Soyza

Chartered Institute of Management Accountants
356 Elvitigala Mawatha, Colombo 05
T: +94 (0) 11 2503880 Ext 218 F: +94 (0) 11 2503881
E: businessbrief.srilanka@cimaglobal.com   

Face to face membership assessment sessions

Four assessment sessions will be held by CIMA Sri Lanka in November at the Colombo office.  Details are as follows:

4 November | 9.00am to 12.30pm

4 November | 2.00pm to 4.00pm  

5 November | 9.00am to 12.30pm   

5 November | 1.30pm to 4.00pm  

Investment: GBP 146

Payments can be made via your MYCIMA account or by bank draft to the Colombo office by 28 October.  The date and time of your session will be confirmed by email upon the receipt of your payment.

On the day of your assessment, please bring the following documents:

  • Membership application form
  • Detailed record of work experience
  • Employment summary
  • Record of skills development

More details of relevant work experience can be found here.

Early booking is advised as appointments are limited. 

For further information please contact:

Chartered Institute of Management Accountants

356 Elvitigala Mawatha, Colombo 5

T. 2503880 Ext. 227

E. colombo@cimaglobal.com

CIMA Mastercourse: RAMIS – Corporate Income Tax E-Filing

Monday 24 October 2016 | 9.00am to 12:00noon | CIMA Auditorium

The Corporate Income Tax deadline for the Year of Assessment 2015/16 is 30 November 2016. This year the Corporate Income Tax Returns will be filed under the Revenue Administration Management Information System (RAMIS) and the e-filing comes into effect in November 2016.  This seminar seeks to raise awareness of the technical applications of e-filing of the Corporate Income Tax Returns  and also to provide guidance on filing a complete return.

Presenters:

Mr. D.M.G.S.K.Dissanayake, Assistant Commissioner, Inland Revenue Department

Mr. R.A.M. Ranawakaarachchi, Assistant Commissioner, Inland Revenue Department

Panellists:

Mrs. H.M.D. Munasinghe,Senior Commissioner, Inland Revenue Department

Mr. A.A.Dayarathne, Senior Commissioner, Inland Revenue Department

Mr. D.M.G.S.K.Dissanayake, Assistant Commissioner, Inland Revenue Department

Mr. R.A.M. Ranawakaarachchi, Assistant Commissioner, Inland Revenue Department

Mrs Chamila Gamarathna, Assistant Commissioner, Inland Revenue Department

Moderator:

Suresh R I Perera FCMA, CGMA, Principal – Tax & Regulatory, KPMG

Fee:

CIMA Members - Rs 2,000

Non Members - Rs 3,000

We are confident that you will find this session valuable and look forward to receiving your registration form

For more information regarding the event, please contact: Gayani De Soyza

Chartered Institute of Management Accountants
356 Elvitigala Mawatha, Colombo 05
T: +94 (0) 11 2503880 Ext 218 F: +94 (0) 11 2503881
E: mastercourses.srilanka@cimaglobal.com

CIMA Mastercourse: Customs Laws and Regulations - Informed Compliance and Shared Responsibilities

Friday 14 October 2016 | 8.30am to 12.00 noon | CIMA Auditorium, Colombo

The Government is currently in the process of finalising the new Customs Act and has requested suggestions from importers, exporters and professionals in order to identify the potential issues that may arise upon the implementation of the new Customs Act.

This seminar will provide insights on the compliance requirements of local Customs Regulations. This will enable businesses to understand and operate in a way which would mitigate the risks of encountering practical and unforeseen Customs issues in the future.

Course content

• Understanding the Customs legislative requirements “in spirit”

• Application of governing provisions “in practice”

• Avoid the risks of excessive Customs levy, extra charges and penalties, sanctions for Customs offences

• Guidance on the protection of your rights granted by the Customs law including appeals to the Tax Appeals Commission in the event of any dispute.

Speakers

• Mr. Suresh R. I. Perera : Principal – Tax & Regulatory, KPMG

• Mr. M. Ravindrakumar : Consultant - Tax & Regulatory, KPMG; Former Director of Sri Lanka Customs

Moderator

• Ms. Rifka Ziyard : Senior Manager – Tax & Regulatory, KPMG

Panellists

• Mr. T. Kananathalingam : Consultant – Customs, Trade & Logistics

• Mr. Dinesh De Silva : Chairman – The Import Section of the Ceylon Chamber of Commerce

• Ms. Kasturi Chellaraja Wilson : Managing Director – Hemas Pharmaceuticals, Hemas Surgicals & Diagnostics, Hemas Maritime & Logistics

• Mr. Peter Jasinghe : Head of Sales & Marketing – XPO Logistics Sri Lanka

Who will benefit

Importers / Exporters, Accountants, Freight Forwarders, Clearing Agents, Trade Associations, Bankers, Lawyers, Practitioners, Students of international trade

What you can gain

• Knowledge on the practical aspects of Customs issues

• Awareness of the potential risks that may arise and the ability to handle impending challenges

Fees

Members Rs 5,000 | Non Members Rs 6,500

For more information contact: Gayani De Soyza

T: +94 (0) 11 2503880 Ext 218 F: +94 (0) 11 2503881

E: mastercourses.srilanka@cimaglobal.com

Towards better reporting

6 October 2016 | 8.30am-11.00am | Cinnamon Grand Colombo

The future of corporate reporting is ever evolving. In a VUCA world, one must understand the importance of accounting for the business, not just the balance sheet - to create and preserve value over the short, medium and long term.

Identifying the integral part financial and sustainability strategy and related outcomes play in integrated reporting, CIMA invites business executives to gain better insights and practical answers to questions such as:

  • What is the connectivity between sustainability reporting and integrated reporting?
  • How does integrated reporting respond to multiple stakeholders?
  • How can organisations use GRI G4 and related frameworks in preparing integrated reports?
  • How can reporting information be best used to improve decision-making and inform strategy and risk?
  • What are the best practices in integrated reporting to achieve integrated thinking?

Who will benefit

Sustainability leaders, CFOs, Senior Managers, integrated reporting adopters

Facilitator

Vadakepatth Nandkumar, Head of Sustainability and Climate Change Services of DNV GL India, Sri Lanka and Bangladesh.

Investment: Rs 8,500

For more information and registrations, contact: Gayani De Soyza

Chartered Institute of Management Accountants
T: +94 (0) 11 2503880 Ext 218 F: +94 (0) 11 2503881
E: mastercourses.srilanka@cimaglobal.com

CIMA Mastercourse: Recent developments on VAT and other taxes

Thursday 29 September 2016 | 8:30am to 12:00noon | CIMA Auditorium, Colombo

In order to introduce changes to the VAT regime in Sri Lanka, the Cabinet recently approved a set of provisions. Subsequently a bill was published in the Gazette to introduce an Amendment to the VAT Act. These changes include the rate to be applied during the year 2016, VAT threshold, format of VAT invoice, VAT compliance including filing VAT returns and exemptions from VAT.

These changes will impact all business sectors including real estate, whole and retail sale, service sectors including financial services, manufacturing and export sectors.

The presentation will be followed by a panel discussion, updating the audience with regard to the impact of these changes including the status with regard to Nation Building Tax, Port and Airport Development Levy, Land (Restriction on Alienation) Act.

Course content:

  • Introduction to amendments and impact analysis
  • Value Added Tax Amendment Bill issued on 13.09.2016
  • Nation Building Tax Amendment Bill issued on 19.08.2016
  • Port and Airport Development Levy Bill issued on 22.07.2016
  • Land (Restriction on Alienation) Amendment Bill issued on 02.09.2016

Speaker: Suresh R I Perera FCMA,CGMA, Principal, Tax & Regulatory, KPMG

Panellists:

Sanjeewa Samaranayake (FCMA, CGMA), Chief Financial Officer, Hemas Group

Thamesh Fernando (ACMA,CGMA), Group Chief Financial Officer, Expolanka Holding

Suresh R.I Perera Principal (FCMA, CGMA), Tax & Regulatory, KPMG

Moderator:

Rifka Ziyard (FCMA, CGMA), Senior Manager, Tax & Regulatory, KPMG

Who will benefit:

CEOs, CFOs, Finance Managers, Accountants, Tax Managers and Tax Professionals

Fees:

CIMA Students Rs 3,500 | Members Rs 4,500 | Non Members Rs 6,500

Register before 27 September as there is limited places available for this popular course.              

For more information contact: Gayani De Soyza

T: +94 (0) 11 2503880 Ext 218 F: +94 (0) 11 2503881

E: mastercourses.srilanka@cimaglobal.com