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Stay up to date with the current happenings in the CIMA world, regional information and the latest thought leadership to keep you at the forefront of the Management Accounting profession.

SE Asia Voice

SE Asia Voice is the quarterly newsletter for CIMA members and students in South East Asia. The e-newsletter features the latest news and events in the CIMA world, regional information and the latest thought leadership to keep you at the forefront of Management Accounting profession. Published once every three months, it reaches about 10,000 members and students in the SE Asia region, including our corporate partners and partners in the education industry. For advertising opportunities in SE Asia Voice, kindly contact seasia@aicpa-cima.com

SE Asia Voice: Issue 15

In this issue, read about the new Association structure and the strategic initiatives for 2017, CIMA members in the teaching profession, new CGMAs sharing their experience with the face-to-face membership assessment, business analytics and more.

Find out more here

Publication date: January 2017

SE Asia Voice: Issue 14

In this issue, the highlights are a new leadership team for CIMA, human capital reporting and new CGMAs sharing their experience with CIMA’s fast track programmes. 

Find out more here

Publication date: October 2016

SE Asia Voice: Issue 13

In this latest issue of SE Asia Voice, read about the world's first standard in management accounting, how to manage your costs through the CGMA Cost Transformation Model, convocation for new members in Malaysia and Singapore, and more. 

Check it out here

Publication date: July 2016

SE Asia Voice: Issue 12

A more refreshing layout and a smoother read for you. Most importantly, read about the important announcement on the CIMA-AICPA joint venture evolution on Page 6.

Find out more here

Publication date: March 2016

SE Asia Voice: Issue 11

The 11th issue of SE Asia Voice brings you news on CIMA's activities in the region for the third quarter of 2015.

Read the newsletter here

Highlight

Read about the new Association structure and the strategic initiatives for 2017, new CGMAs sharing their experience with the face-to-face membership assessment, business analytics and more.

Check it out now in SE Asia Voice Issue 15

Highlight

Charles Tilley OBE steps down as CEO of CIMA and becomes Executive Chairman, CGMA Research Foundation

2016 News

Charles Tilley OBE steps down as CEO of CIMA and becomes Executive Chairman, CGMA Research Foundation

“There’s never been a better time to be a management accountant”

Following the overwhelming support of CIMA members last month to establish the world's largest and most influential accounting association - bringing together CIMA with the AICPA - Charles Tilley has decided to end his 15 year tenure as CEO of CIMA, stepping down from his role on 31 July 2016.  

As colleagues and friends will warmly recognise, Charles Tilley is fond of saying; 'there’s never been a better time to be a management accountant'.  And he's right as new opportunities open up for management accountants as CFOs, FDs, CEOs and Chairmen in leading businesses and other organisations across the world.  

Charles Tilley will continue to play an active role going forwards. He will become the part time Executive Chairman of the newly established CGMA Research Foundation focusing on senior business relationships and their needs from management accounting with a particular focus on raising the awareness and driving the adoption of the Global Management Accounting Principles. He will also continue to play a wider representative role advancing the agenda of building better business trusted by society.  

Speaking for CIMA members President Andrew Miskin commented: “I am delighted to pay tribute to Charles. He has played a critical role in driving the formation of the new Association. CIMA has never been better known, more respected or influential. Charles has transformed CIMA as an active force across Asia and has opened up North America. His commitment to rigorous research focused on the current and future needs of business ensures the relevance of those who are CIMA qualified. He helped forge the Global Management Accounting Principles, the basis of the world’s first global standard for management accounting, BSI PAS 1919”.

Charles Tilley added: "I have been tremendously honoured to serve as CEO of CIMA. With member endorsement achieved, the next step is to establish the Association, successfully implementing the integration of strategy, management and operations, laying the strongest possible foundations for the CGMA designation. At this next stage of the development of CIMA I believe the time is now right to stand down. I am enormously grateful to members, staff and partners for all they have contributed whilst I have been CEO". 

Barry Melancon, President and CEO of the AICPA remarked: "I am delighted that Charles has responded positively to my request that he stay on adding his insight, wisdom and guidance.  As we make history forming the new Association I and colleagues are all too keenly aware that we simply could not have done it without Charles".

Andrew Harding, currently CIMA's Managing Director, will become acting CEO from 1 August until the Association is formed in January 2017 - he will then become the first CEO of the new 'CGMA Unit' of the Association. Andrew added:

"Charles has been a tremendous and inspirational colleague and leader - on behalf of all staff together with senior colleagues, I warmly wish Charles, Sarah and his family the very best whilst strongly welcoming his continuing relationship with CIMA going forwards. 

“I am delighted to be leading CIMA and the new CGMA Unit - and very much look forward to working with our members, partners and students across the world in forging the new Association".

Andrew Miskin elected as CIMA President

Andrew Miskin FCMA, CGMA has been elected as the 83rd President of the Chartered Institute of Management Accountants (CIMA) at the institute’s annual general meeting (AGM) on June 18. Andrew, who has 25 years’ experience as a management consultant, will be responsible for chairing the institute’s governance arrangements and advocating for CIMA and management accounting.

Andrew has held a variety of roles within CIMA, including serving on the CIMA council, as Chairman of CIMA’s members' services committee and as Deputy President of the executive committee. On the day of his election to President, the result of a member ballot in favour of a new accounting association with the American Institute of Certified Public Accountants was also announced. Andrew will therefore oversee the creation of the new body.

Andrew Miskin said: “This is one of the most exciting times for CIMA and I’m proud to start my new role on the same day we announced the vote of our members in favour of The Association.

“The role of Management Accountants is evolving from the reporting of financial and operational performance. Today, it is about communicating decision-relevant information and providing management with a forecast of potential outcomes. Therefore, new competences and especially a new confidence in dealing with uncertainty is required. Management Accountants are now leaders at all business levels and they create and protect value. So, I have the good fortune to begin my presidency at a time when management accountancy is becoming more relevant than ever.

“CIMA will continue to be the most important advocate for the management accounting profession and I am looking forward to playing my part in this as CIMA’s President.”

During his management consulting career Andrew has lived and worked all over the world – from Paris, Iraq and Switzerland to Ukraine. He has held senior leadership roles within Esso, KPMG, IBM, CSC and PricewaterhouseCoopers. Andrew is also a member of the Institution of Engineering and Technology and a Chartered Engineer. He undertakes pro-bono charitable consulting work through the auspices of the Worshipful Company of Management Consultants.

CIMA and AICPA to form new association

The Chartered Institute of Management Accountants (CIMA) and the American Institute of Certified Public Accountants (AICPA), are joining forces to create a new association to represent the entire breadth of the accounting profession.

The new Association aims to become the most influential professional accounting body in the world, and will represent 600,000 current and next-generation professionals. It has been designed to complement rather than replace both constituent organisations – so while it will bring extra weight and influence to CIMA, CIMA’s existing structure and Royal Charter will remain, and CIMA will retain its management accounting focus.

CIMA and the AICPA members will retain membership of their existing member organisation but will gain additional membership of the new Association.

The decision to create the Association was taken after both organisations’ member bodies voted to endorse the move in ballots which concluded on June 16. 89.7 per cent of CIMA members voting endorsed the resolution, with 86.5 per cent of AICPA members who cast ballots voting in favour. Work to create the Association will begin straight away, and it will launch in 2017.

CIMA’s President Andrew Miskin said: “We live in a time of rapid change and increasing competition. Responding to this, I am delighted that CIMA and the AICPA members have endorsed the proposal to create a new association so that we can stay ahead of market changes and developments.”

“We will build on the history and strengths of both CIMA and the AICPA, which will enable us to accelerate our strategy, and to expand the opportunities for CGMAs around the world.”

The formation of the Association represents a deepening of the joint venture that CIMA and the AICPA have operated since 2011, which has expanded management accounting within the USA, and created a new global designation, Chartered Global Management Accountant (CGMA).

CIMA’s outgoing President Myriam Madden said: “This has been a year of focus. Throughout this process we have maintained an open dialogue with our members to better understand their professional needs and the world-class services required to deliver greater recognition and employability.

“I look forward to seeing how the evolution of our joint venture will help our members and businesses around the world to succeed in the coming years.”

The proposal is designed to ensure that not only do members keep the status and recognition of CIMA’s qualifications and designations, but also benefit from the additional relevance, resources and global reach that comes from integrating the activities of two of the world’s most influential accountancy bodies. Students will also have access to more learning tools, as well as benefitting from increased recognition of the qualification they are studying towards.

AICPA President and CEO Barry Melancon CPA, CGMA said: “In developing this proposal, we were careful to structure commitments to CPA and CGMA, CIMA and AICPA and public practice and management accounting. We are excited about crafting a path forward that reflects how the world is changing.  At the same time, we will be extraordinarily mindful of protecting our collective history and the strong reputation both organizations have built over the past century. This is about building on what is great – and addressing an exciting evolving world.”

CIMA’s Chief Executive Charles Tilley said: “Our current joint venture with the AICPA has been extremely successful, so we are evolving this partnership. In doing so we will support our members and students further, which means both greater resources, and the weight of a larger organisation behind them.”

2015 News

Congratulations, CIMA world prize winners

Congratulations, CIMA world prize winners

We celebrate the superb achievements of our CIMA students, Thida Oo and Phyu Lyinn Kyaw (pictured below). They passed the CIMA Professional Gateway exam with flying colours and beat students around the world to clinch the first and third placings respectively.

They will now proceed to complete the final four papers of the CIMA Professional Qualification. We look forward to welcoming them as CIMA members and Chartered Global Management Accountants (CGMAs) in the near future!

You can be just like these two. Enrol with CIMA now and achieve success

CIMA signs MOA with ISCA

CIMA signed a memorandum of agreement (MOA) with the Institute of Singapore Chartered Accountants (ISCA) on 17 March 2015 to establish the ISCA-CIMA Pathway.

The ISCA-CIMA pathway scheme is a fast track for ISCA members to become CIMA members and be awarded the Chartered Global Management Accountant (CGMA) designation. Eligible ISCA members must be a CA (Singapore) with at least three years' full membership and based in Singapore.

Successful applicants will only sit for the last exam - CIMA strategic case study. Upon successful completion of this exam and with the relevant work experience, applicants will qualify for CIMA membership and earn the CGMA professional global designation.

View details of the ISCA-CIMA pathway (PDF 308KB)

Enquiries
CIMA Singapore 
T. +65 6824 8252
E. singapore@cimaglobal.com

President’s dinner and CIMA convocation

CIMA SE Asia celebrated a grand occasion on 21 March 2015 at JW Marriott Kuala Lumpur, in conjunction with the CIMA president’s visit to South East Asia – the convocation of its newly admitted members, the presentation of certificates to students who have completed the CIMA exams, the presentation of membership anniversary pins to CIMA members and trophies to prize winners in the CIMA exams. Keith Luck FCMA, CGMA, President of CIMA, did the honour of presenting scrolls and certificates to the members and students

About 500 CIMA members, their families and friends as well as CIMA’s corporate guests attended the grand event.

CIMA convocation 2015

Mohd Tahir Kader Mohideen was named ‘CIMA Student of the Year’ for achieving a world ranking of No. 7 in the CIMA exam. Another outstanding student was Jasmin Ehsan who was the top scorer for all three Strategic level exams, repeating her feat in 2014 when she won awards for all three Management level exams. 

 

Three Malaysian universities awarded Tier 1 status

Three universities in Malaysia were awarded Tier 1 status by CIMA that will enhance the employability of students by giving them a fast track route to gain the CIMA professional accounting qualification.

The Tier 1 University status is a new global initiative by CIMA to recognise the accounting degrees of reputable universities around the world and award them with 12 exemptions (out of a total of 17) in the CIMA Professional Qualification. Three Malaysian universities have so far been recognised as Tier 1 Universities - Universiti Malaya, Universiti Teknologi MARA and International Islamic University of Malaysia, and several more will be awarded with the same status.

In a Memorandum of Understanding signed with CIMA on 9 March 2015, students currently pursuing an Accounting degree at these three universities will be able to complete the CIMA Professional Qualification in a much shorter time as they will only need to sit for five exams.  In addition, since January 2015, students have the flexibility of taking their exams at any time of the year as all the CIMA exams are computer-based.

Students in a Tier 1 University will also have the opportunity of graduating with two qualifications – an accounting degree and the CIMA Advanced Diploma in Management Accounting, once they pass the CIMA Management Case exam paper during their final year at university. 

New report on 'Ready for business' Vietnam perspective

IMA has published a report on 'Ready for business: Bridging the employability gap - The Vietnam perspective. The report provides insights from a series of roundtables organised by CIMA in Vietnam.

Some of the findings from the roundtables include:

  • Most graduates need considerable improvement in the basic practical day-to-day business skills such as communication, problem solving, critical thinking and people management.
  • Universities and educational institutes in Vietnam are aware of the need for basic business skills and work placements are increasingly becoming a staple part of undergraduate courses.
  • There should be more dialogue between employers and educational institutes as employers can contribute their real-world expertise on what they expect and need - and an educational institution’s syllabus can be developed, modified or refined, to reflect the rapidly evolving business landscape.

The findings reflect a growing global trend, with employers around the world struggling to find qualified workers – even among those with significant academic credentials.

View the report (English version) (PDF 362KB)

View the report (Vietnamese version) (PDF 608KB)

The Dolphins team wins the GBC local final

The Dolphins team from Prasetiya Mulya School of Business and Management won the 2015 GBC local final in Indonesia. Congratulations to them! The local final was held on 21 May 2015 at the Intercontinental MidPlaza Jakarta.

Dolphins will represent their university and country at the 2015 GBC global final in Warsaw, Poland, in August.

The other winners were:
First runner-up: Team Sailendra from Binus University
Second runner-up: Team CEO 21 from President University
Consolation: Team Ganendra from Universitas Gadjah Mada and West Palm from Universitas Indonesia
Best Speaker: Stephanie Regina from Team Dolphins, Prasetiya Mulya School of Business and Management

The honourable judges were:
• Dr Amirul Shah Md. Shahbudin, Deputy Dean, Student Affairs & Networking, Universiti Sains Malaysia as the Chief Judge
• Professor Lindawati Gani, CA, National Council Member, the Indonesia Institute of Chartered Accountants 
• Mr Andre Khor, FCMA, CGMA, Finance Director, Shell Indonesia
• Mr Krishna Putra, Senior Resource Management Officer, World Bank, Indonesia

The Vector team wins the GBC Myanmar local final

The winners of the 2015 GBC local final in Myanmar were the Vector team from MHR Management Institute (pictured below). Congratulations to them! 

Vector will represent their university and Myanmar at the 2015 GBC global final in Warsaw, Poland, in August.

The local final was held on 15 May 2015 at the Sule Shangri-La Yangon, Myanmar.

  • Runner-up: Team Artemis from MHR Centre II (Business Institute)
  • Third place: Team Synerty from PS Business School
  • Best speaker: May Sandy Maw from Team Artemis, MHR Centre II (Business Institute)

The honourable judges were:

  • Professor Dr Rozainun Haji Abdul Aziz, FCMA, CGMA, Dean, Faculty of Accountancy, Universiti Teknologi MARA, Malaysia as the Chief Judge
  • Dr Tin Latt, FCMA, CGMA, Senior Executive Member of the Myanmar Institute of Certified Public Accountants and Managing Partner, MAT Audit and Professional Services
  • Mr Roopan Bsi, Cluster Director of Finance Myanmar, Hilton Hotel
  • Ms Myint Yu Yu Khine, Project Director, Transformations, International Banking Division, KBZ Bank

Team Vector

Recognising new CGMAs in Indonesia and Vietnam

CIMA SE Asia organised CGMA Recognition nights in Jakarta, Indonesia on 15 June 2015, in Ho Chi Minh City, Vietnam on 17 June 2015 and in Hanoi, Vietnam on 18 June 2015. New Chartered Global Management Accountants (CGMAs) were recognised for their achievement in attaining CIMA membership and the CGMA designation. The award ceremonies were attended by CIMA’s corporate guests and leading employers in both countries.

In Vietnam, the CGMAs were from the CIMA CFO programme that fast tracks eligible candidates to CIMA membership through the successful completion of the final exam of the CIMA qualification.


CGMA Recognition Night in Jakarta, Indonesia.



CGMA Recognition Night in Hanoi, Vietnam.

CIMA signs MOU with new partners in Vietnam

Members of the Chief Financial Officer (CFO) Club and the Vietnam Association of Accountants and Auditors (VAA) can now fast track to the CIMA professional qualification and become Chartered Global Management Accountants under a memorandum of understanding (MOU) signed with CIMA on 17 June 2015 and 18 June 2015 respectively

Under the MOU, VAA and the CFO Club will implement the CFO Programme in collaboration with CIMA. Under this programme, members of VAA and the CFO Club will be able to complete the CIMA professional qualification by sitting for only one exam to obtain CIMA membership and become Chartered Global Management Accountants.

The fast track CFO Programme is open to good standing members of VAA and the CFO Club who are Chief Financial Officers or equivalent and who have more than 10 years relevant work experience in an established organisation in Vietnam. For more information on the CFO Programme, please contact Ms Nguyen Thi Thanh Ha, the CIMA Chief Representative in Vietnam, at ha.nguyen@cimaglobal.com.


MOU signing with Vietnam Association of Accountants and Auditors


MOU signing with the Vietnam CFO Club

CIMA also signed an MOU with the University of Economics Ho Chi Minh City (UEH) on 17 June 2015, through which Bachelor of accounting students from UEH are granted eight conditional exemptions from the CIMA professional qualification. This allows them to sit for one CIMA exam (the operational case study) in their final year at university and upon passing the exam, they will graduate with two qualifications – an accounting degree from UEH and the CIMA diploma in management accounting.

These students can subsequently complete the remaining CIMA exams after graduation or during employment, to gain CIMA membership and become Chartered Global Management Accountants. 

Two universities in Thailand offer students a fast track route to the CIMA qualification

Undergraduates pursuing an accounting degree in Chulalongkorn University and Assumption University will now be able to obtain the CIMA professional qualification in a much shorter time. This fast track route is provided under a Memorandum of Agreement (MOA) signed with these two universities on 6 May 2015.

Under the agreement, students will sit for the CIMA exams during their final year at university. Upon successful completion of this exam, they will graduate with two qualifications – an accounting degree from the university and the CIMA Diploma or Advanced Diploma in Management Accounting – which are recognised by employers worldwide. They can then complete the full CIMA qualification after graduation, which can also be completed on a part-time basis while working.

Upon completing the CIMA qualification and gaining three years of relevant work experience, they will become members of CIMA and Chartered Global Management Accountants (CGMA). CGMA is a global professional designation conferred by CIMA and the American Institute of Certified Public Accountants (AICPA).


MOA signing with Chulalongkorn University


MOA signing with Assumption University

First Global Learning Partner in Thailand

Students in Thailand wishing to pursue the CIMA qualification can now study at Finn College of Business & Tourism. The college is CIMA’s first Global Learning Partner in Thailand under a Memorandum of Agreement signed on 7 May 2015. Finn College will prepare students for the CIMA exams.