HIGHLIGHT Updates on the CIMA-AICPA joint venture evolution - FEATURE STORY
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ISSUE 12 JAN-MAR 2016
SE ASIA
VOICE
6 HIGHLIGHT
Updates on the
CIMA-AICPA joint
venture evolution
8 FEATURE
STORY
Landmark Trans-Pacific
trade deal has transparency
and anti-corruption focus
22 CIMA CENTRE
OF EXCELLENCE
Carbon footprint and
green initiatives of
Thanakorn (Thailand)
CONTENTS STUDENTS
RD’S Covering exam entry, Certificate in
Business Accounting (Cert BA) 2017,
NOTE
CIMA Student Card and understanding
scaled scores.
5 A note from Irene Teng,
Regional Director, Asia Pacific
16
HIGHLIGHT MEMBERS CGMA
Updates on the CIMA-AICPA
joint venture evolution Read about the upcoming PUBLICATIONS
President’s dinner, CGMA Latest publications and
6 Card 2016, CPD collaborations,
online CPD resources and
CIMA’s jobs portal
resources for continuing
professional development
FEATURE 18 20
STORY
8
Landmark Trans-Pacific trade
deal has transparency and
anti-corruption focus
22 CIMA CENTRE OF EXCELLENCE
Research article on carbon footprint and green initiatives
of Thanakorn (Thailand)
SE VOICE IS A REGIONAL
E-NEWSLETTER PUBLISHED
QUARTERLY BY:
FACES 24 EVENTS
Upcoming events and CPD courses in Malaysia
and Singapore
Chartered Institute of
Management Accountants
Level 1 KPMG Tower, 8 First
Avenue, Bandar Utama
OF CIMA 47800 Petaling Jaya, Selangor
T. 03 77 230 230
E. SEAsia@cimaglobal.com
10
Market-facing CIMA staff share
news on the CIMA markets in
www.cimaglobal.com
South East Asia
2 | ISSUE 12 JAN-MAR 2016 ISSUE 12 JAN-MAR 2016 | 3
RD’S NOTE
A NOTE FROM THE
REGIONAL DIRECTOR,
ASIA PACIFIC
Dear members and students, We are also showcasing the faces In the SE Asia region, our numbers
behind CIMA SE Asia. Shavonne Sim, have now reached 12,600 members
A
new year and a new our new Head of Markets for SE Asia, and students. Our close partnerships
format for the SE Asia and Andrias Soesilo, Country Manager with various stakeholders -
Voice! We hope you will for Indonesia, will share with you the universities, colleges, local regulatory
like it as the information news in their respective markets. I’m bodies and employers - will continue
presented has been re-organised. also pleased to announce that CIMA to be our pipeline for new students. In
There will be separate sections on has a new office in Indonesia. addition our special pathways such as
news for members and students, a the Strategic Programmes, the ISCA-
feature story and a highlight focusing I hope 2016 has started well for all CIMA Pathway and the CIMA CFO
on the CIMA-AICPA joint venture of you, despite a challenging 2015 Programme are expected to boost
evolution. for the world’s economy. For CIMA, membership numbers.
there were three key achievements
in 2015 that we can be proud of. Our focus in 2016 will be on the
We rolled out the updated 2015 progression of our students towards
syllabus and the Global Management CIMA membership and CGMA. This
Accounting Principles, the first set is in addition to meeting our targets
of written principles designed to for student and membership growth
bring consistency to management in the region and increasing our
accounting functions and help engagement with key employers. We
organisations make smarter and will continue to promote the Global
faster decisions. Secondly, Integrated Management Accounting Principles to
Reporting () is gaining businesses and engage members and
momentum in our region partly as students on the CIMA-AICPA proposal
a result of our efforts to promote for a new accounting Association.
it through focused initiatives
in Singapore and Malaysia. This will Till our next newsletter in June. Keep
help entrench our management a look out for regular updates on
accounting space as is linked CIMA SE Asia via our Facebook at
to management accounting through www.facebook.com/cimaseasia
Integrated Thinking. Thirdly, the
success of our joint venture with Best wishes,
the AICPA has seen the growth
of 150,000 CGMAs and the Irene Teng
number is growing. Regional Director, Asia Pacific
4 | ISSUE 12 JAN-MAR 2016 ISSUE 12 JAN-MAR 2016 | 5
HIGHLIGHT
Leading the Accountancy
CIMA-AICPA JOINT Profession in Malaysia
VENTURE EVOLUTION Being a member of the Malaysian
●●
MESSAGE FROM THE CHAIRMAN OF THE SEARB Institute of Accountants (MIA) Set up under the Accountants Act 1967, MIA
puts you in the driving seat for a is the national accountancy body that
designation of FCMA or ACMA would career in any industry you choose. regulates, develops, supports and enhances
continue alongside CGMA. CIMA’s and the integrity, status and interests of the
AICPA’s respective Councils would profession in Malaysia.
Earn your ‘C.A. (M)’ designation
remain and CIMA would continue to
ensure that we meet our obligations with us and sprint towards
MIA accords the Chartered Accountants
under our Royal Charter. success in your career!
Malaysia or “C.A. (M)” designation. Working
closely alongside businesses, MIA connects
The new accounting Association will
its membership to an unmatched range of
also create the most influential body
information resources, events, professional
of professional accountants as our
strength will come from a combined development and networking opportunities.
C
membership of 600,000 current and To date we have over 32,000 members who
M
next-generation professionals. This are making their strides in businesses across
Y
will give us the resources to lead the all industries in Malaysia and around the
CM
management accounting profession world.
MY
and provide global recognition and
CY
employability to our members. There is *Eligible members of the academia would be
CMY
an existing and ever growing demand able to apply as Associate Members.
for our skills in the market place and our K
global CGMA designation will further
ensure we are recognised by industry to
meet that demand. For more information visit
L
www.mia.org.my •
ate last year and in early look out for the email from Electoral
https://www.facebook.com/miaconnect
February this year, I wrote Reform Services which will be handling I hope you will join me in casting
to you on behalf of the the voting process on behalf of CIMA. your supporting vote. Do not let this
South East Asia Regional opportunity pass you by, as it will affect
Board, about CIMA and the AICPA With your supporting vote, the new our future and the future of our younger ®
proposing to join forces to form a new accounting association will become generations.
accounting association. This proposal a reality and as members, we will
is an acceleration of CIMA’s long- continue to enjoy global recognition Follow the joint venture evolution
term strategy to become a stronger and employability, in addition to a updates on www.cimaglobal.com/vision
organisation in an increasingly uncertain stronger voice for the profession. or if you have an enquiry you may For enquiries, please contact:
and competitive market. email to vision@cimaglobal.com and Malaysian Institute of Accountants (MIA)
In the new Association, we will we will respond as soon as possible. Dewan Akauntan
Recently on 18 March, the CIMA integrate our strategy, management 2 Jalan Tun Sambathan 3, Brickfields
50470 Kuala Lumpur
Council met up to review the proposal and operations whilst continuing to Kind regards,
Tel : 03 – 2279 9200
and has subsequently authorised for operate the membership bodies that
Fax : 03 - 2279 9386
a membership vote of the proposed our communities have trusted for many Rick Yvanovich FCMA, CGMA
Email : membership@mia.org.my
new accounting association. Voting will decades. Your membership of CIMA Chairman
commence from mid-April onwards so would remain unchanged, and your South East Asia Regional Board
For information about MIA Professional Development programmes,
6 | ISSUE 12 JAN-MAR 2016 ISSUE 121JAN-MAR
ISSUE 2016| |77
JAN-MAR2016
please visit http://pd.mia.org.my or email us at pd@mia.org.my
FEATURE STORY
LANDMARK TRANS- CIMA
PACIFIC TRADE DEAL HAS ETHICS
TRANSPARENCY RESOURCES
AND ANTI-
ETHICS E-TOOL
The member and student ethics
e-tools will give you an overview
CORRUPTION
of the CIMA code of ethics, the
importance of ethics in the
workplace, and how ethical
FOCUS considerations may appear in the
CIMA exams. They can be used
as part of your CPD, or if you are
by Tanya Barman, Head of Ethics, CIMA a student it will help you in your
ethical education.
Visit http://www.cimaglobal.
T
owards the end of 2015, Signing countries must “increase com/Professional-ethics/Ethics/
after several years of the training of public officials to Responsible-business/Ethics-
sometimes secret and often take steps to discourage gifts, to tools/
controversial negotiations, facilitate reporting acts of corruption,
the biggest trade deal in a generation and to provide for disciplinary or ETHICS CHECKLIST
was announced – the Trans-Pacific other measures for public officials Do you have an ethical dilemma
Partnership (TPP). The text of the engaging in acts of corruption.” The at work? Are you unsure of what
TPP agreed to by 12 countries – TPP signatories vowed to enact anti- to do? The CIMA ethics checklist
Australia, Brunei Darussalam, Canada, corruption laws and to implement helps you figure out the right
Chile, Japan, Malaysia, Mexico, New or maintain “conduct codes and steps to deal with your dilemma.
Zealand, Peru, Singapore, United standards for their functionaries, and Visit http://www.cimaglobal.
States, and Vietnam – was disclosed measures to identify and deal with com/Professional-ethics/Ethics/
to the public in November. Once conflicts of interests.” Responsible-business/Ethics-
it is ratified by the relevant world checklist/
lawmakers, the agreement is likely to What may be significant if the
impact 40% of the world economy. provisions are implemented and GENERAL ETHICS RESOURCES
enforced is the levelling of the playing Check out the CIMA ethics page
In the 30 chapters of the Agreement, field for complying companies to find various tools, articles,
there is one (Chapter 26) which across Asia-Pacific, which will assist exercises, webcasts, newsletters,
focuses on Transparency and in ensuring responsible and ethical reports and other resources that
Anti-Corruption. A summary of business. For more information see can help shape and improve your
the agreement indicates that the this briefing at http://bit.ly/1Rhykkh ethical understanding.
12 member countries of the TPP Visit http://www.cimaglobal.
pledged to adopt or maintain laws Useful links: com/ethics
that criminalize the actions of Text of the TPP: http://bit.ly/1SMeqkB
public officials who offer or ask for Summary of the TPP agreement:
“unfair advantages or benefits”. http://1.usa.gov/1QUf3UC
Tanya Barman, Head of Ethics, CIMA.
8 | ISSUE 12 JAN-MAR 2016 ISSUE 12 JAN-MAR 2016 | 9
FACES OF CIMA
SINGAPORE
MARKET-FACING
CIMA STAFF
SHARE NEWS
ON THE CIMA MARKETS IN SOUTH EAST ASIA
Tony Manwaring (right), Executive Director of External Affairs, giving his views at the Charity Council event in Singapore.
2015 was an exciting year for CIMA the launch of the first joint report on Our warm congratulations also
in Singapore as we welcomed the first ‘Accountability in the social services go to Uantchern Loh, CEO of SAC,
intake for the ISCA-CIMA Pathway sector’ with the Charity Council and who became a Fellow member of
and also the CFO Programme. National University of Singapore. We CIMA and a CGMA last November.
These are fast track routes to look forward to producing more of (insert photo of Uantchern receiving
CIMA membership and the CGMA such localised reports in 2016. certificate) CIMA’s activities for 2016
designation for eligible candidates are now underway - do look out for
from the Institute of Singapore It was a proud moment for Singapore our invitation to the President’s Dinner
Chartered Accountants (ISCA) as well when the team from Singapore which will be held on 18 April at the
as senior executives such as CFOs Management University (SMU) beat Carlton Hotel. Finally, don’t forget to
and CEOs. 25 other international teams to clinch check out the CPD courses delivered
first place in the CIMA Global Business by ISCA, in partnership with CIMA.
We were proud to lead the Integrated Challenge 2015 in Warsaw, Poland.
Reporting () agenda in Singapore Congratulations to the SMU team!
last year by organising the CIMA-IIRC
Dialogue. We launched the CIMA-
IIRC Lab together with the
C
IMA staff, Shavonne Sim, support of ISCA and the Singapore
formerly the Country Accountancy Commission (SAC).
Manager for Singapore, has The first report from the IR Lab
been promoted as Head of on ‘The case for Singapore to lead
SE Asia. Here, she shares with us the ’ was shared during ISCA’s
news from Singapore, Malaysia and Singapore Accountancy Convention in
the emerging markets of Myanmar, November. Through the Convention
Philippines, Thailand and Vietnam. where CIMA was a Platinum Sponsor,
Andrias Soesilo, Country Manager for we had a good opportunity to profile
Indonesia will provide the news in CGMA through a presentation on risk
his market. management by Andrew Harding,
CIMA’s Managing Director. Our CGMA
Uantchern Loh (centre), CEO of Singapore Accountancy Commission, proudly receiving his certificates
Shavonne Sim (centre) with her team members in Singapore - Samuel Li (left) and Kelly Teo (right) profile was further enhanced through from Charles Tilley (left), Chief Executive of CIMA and Andrew Harding (right), Managing Director of CIMA.
10 | ISSUE 12 JAN-MAR 2016 ISSUE 12 JAN-MAR 2016 | 11
In CIMA terms, the emerging markets
MALAYSIA include Myanmar, Philippines, Thailand THAILAND
and Vietnam. These countries have a
Student and member growth We are glad to announce that our huge growth potential and there is Thailand, on the other hand, is taking
continued to be strong for Malaysia in students have performed well under great potential for CIMA’s growth in the economic challenges differently.
2015 and we will be keeping up the the new assessment format for the terms of students and members. In Despite being among the lower
momentum in 2016. The MOU signed updated 2015 syllabus. This is evident these countries, the rules have not performers in South East Asia for 2015
with Yayasan Peneraju and Brickfields from the increase in pass rates at all been set 100% and we will be able and being under an interim military
Asia College late last year will be an levels. We will continue to focus on to chart new territory and try new rule, businesses are soldiering on.
additional student pipeline for us student progression this year, with initiatives without too much worry of The capital is as busy as ever with
MOU signing ceremony with Ho Chi Minh City
while fast track programmes to CIMA even more revision classes available as traditions set by predecessors. the populace working hard to turn Open University, Vietnam.
membership such as the MIA Strategic a result of our partnership with Kaplan. the economy around. The students
Programmes and the CIMA CFO Specific campaigns to encourage more are strongly focused on academic
Programme are expected to further exam sittings are on-going. MYANMAR qualifications and they are also now
enhance membership growth. considering professional qualifications
Guest of honour, Dato’ Seri Ahmad Husni In 2016, we are giving you a wider In recent years, Myanmar has been for mobility and holistic training. This
Mohamad Hanadzlah Second Minister of
Finance of Malaysia, visited CIMA’s booth at the variety of CPD programmes as a result under the international spotlight. can be seen in the increased number
MIA International Accounting Conference. of our collaboration with MIA and CPA Several years before the Lady came of new student registrations for CIMA.
Australia. What’s more, you’ll get to back, things were already changing
pay the special member’s rate too. in Myanmar. The US dollar was
being openly accepted and foreign VIETNAM
On a lighter note, President Myriam businesses were welcomed to invest
Madden will be visiting Malaysia soon in the country. With the recent Vietnam is certainly the next South MOU signing with Wise College, Myanmar.
and all members are cordially invited electoral changes, development has East Asia market to watch out for.
to the President’s Dinner on 23 April picked up several notches along with With its strategic location for business
at the Intercontinental Hotel in Kuala the optimism of its people, local and and improved education system,
Andrew Harding (2nd from right), Managing
Director of CIMA, and Raja Singham, CEO of Asia Lumpur. Look out for the official abroad. This has seen the return of Vietnam has seen the growth of
Brickfields College (centre) proudly showing the invitation that will be emailed to you! some highly skilled Burmese to their specialised industries such as software
signed MOU.
motherland who are keen to see and application development.
MIA Strategic Programme and CFO Programme
candidates enjoying a networking session over their country develop after many The construction of infrastructure
breakfast at Bowery Petite, Taman Tun Dr Ismail, years of waiting. to support the cities has also
Kuala Lumpur
mushroomed in collaboration with
Japan. Affluence is on the rise and
Among the key events in the last PHILIPPINES there is an energy felt in institutions
quarter of 2015 were the MIA and among its working masses
International Accountants Conference As for the Philippines, it still remains that the country is striving forward
in November where CIMA was as a support hub for international earnestly and with lots of vigour.
a Diamond sponsor. During the business giants, particularly those We will continue with university and
conference, Tony Manwaring, CIMA’s from America that have historical ties tuition provider collaborations to
Executive Director of External with it. Philippines thrives because grow the student market. Two MOUs
Andrew Harding (2nd from right), Managing
Director of CIMA, exchanging the signed MOU Affairs, spoke on ‘Powering up for of shared services and outsourced have been signed since December
with Mohamed Harun Abdul Jabbar, Director, business success’. During his visit
Operations, Yayasan Peneraju (2nd from left)
business functions. The recent global last year - with Ho Chi Minh City
to Malaysia, Tony also took the economic changes have affected Open University in Vietnam and WISE
opportunity to have a breakfast the country but with international College in Myanmar - and more are
networking session with candidates business support and a large upcoming in the next few months.
of the CFO Programme and MIA population working abroad making
Strategic Programmes. Our face to remittances home, the country is still
face membership assessment last fertile ground for CGMA prospects.
October saw 53 new members from
Indonesia, Malaysia and Singapore
being admitted into the Institute while
13 Strategic level students had their
work experience approved.
12 | ISSUE 12 JAN-MAR 2016 ISSUE 12 JAN-MAR 2016 | 13
INDONESIA
GLOBAL MANAGEMENT
ACCOUNTING PRINCIPLES ©
EFFECTIVE MANAGEMENT ACCOUNTING:
Improving decisions and building
successful organisations
COMMUNICATION INFORMATION
PROVIDES IS RELEVANT
Students of the Future CA-CGMA programme at a conference in Jakarta, Indonesia. INSIGHT
In 2015, we saw the growing To further support the development accounting tools and techniques to THAT IS
interest from professionals and of our activities and services to our gain a competitive edge. INFLUENTIAL
university students towards the students and members, we have set
CIMA qualification in Indonesia. up a CIMA Representative Office in GLOBAL
The CFO Programme and CIMA-IAI
Strategic Programmes managed
Indonesia in February 2016.
MANAGEMENT
to attract a good number of We will continue with the success ACCOUNTING
qualified professionals and of the Future CA-CGMA programme.
PRINCIPLES
©
Chartered Accountants (CA) to About 200 students will sit for
join the programme. By the end the Operational Case Study Exam
of 2015, there were more than in November 2016. We will run a
1,200 accounting students from train-the-trainer session in April for
16 prominent state and private lecturers from our partner universities IMPACT
universities who joined the Future to enable them to provide the STEWARDSHIP ON VALUE
CA-CGMA programme in Indonesia. necessary exam preparation class for BUILDS TRUST IS ANALYSED
these students. Andrias Soesilo, Country Manager,
We signed a Memorandum of CIMA Indonesia
Agreement with Universitas Pelita In partnership with the Institute of
Harapan (UPH) which became the first Indonesia Chartered Accountants
CIMA Learning partner in Indonesia
to offer the CIMA programme to the
(IAI), we are in the final stage of
launching the IAI-CIMA Management
To download the Principles
public and our corporate clients in Accounting Research Grant which visit www.cgma.org/principles
Indonesia. With UPH campuses in will be opened to universities, the
Jakarta, Surabaya and Medan, and public sector and key industry players
their strong link with businesses, it in Indonesia. The research will aim
will provide us with the opportunity to develop the accounting field in
to expand our reach to students and Indonesia and increase awareness of
professionals in Indonesia. the benefits of using management
14 | ISSUE 12 JAN-MAR 2016 ISSUE 12 JAN-MAR 2016 | 15
STUDENTS
GET ON WITH YOUR
CIMA EXAMS!
If you have yet to sit for the
CO3 exam, you can apply for a
waiver of the exam through Exam
Scheduling on MY CIMA. The waiver
fee is £56. To know more, please visit
http://certba.cimaglobal.com The
FAQs are available at http://certba.
cimaglobal.com/faqs
CIMA Student Card
2016 (Malaysia only)
Enjoy more privileges with your CIMA
Student Card* in 2016. We have
teamed up with retail merchants adjustment, so it is the simple number difficult version of the same exam.
Understanding
W
hy wait? Get closer For students in Malaysia, the list such as World of Sports, Nando’s 1 of questions answered correctly. A candidate who receives a raw
to your goal of of revision courses available until Utama and Ke Wynn Personal Trainer scaled scores score of 50 on one exam may get
becoming a CGMA. November 2016 can be viewed at: who will offer special discounts The raw score is transformed into 52 on a slightly easier version of the
Make your plans to http://www.cimaglobal.com/Our- when you visit their outlets. The Star From 1 November 2015, CIMA a scaled score using an industry same exam or 48 on a slightly more
sit as many exams as possible this locations/Malaysia/Students/ ePaper is also offering CIMA students has introduced the scaled score standard process called ‘equating’. difficult version of the same exam.
year! Beware that ‘Procrastination is Revision-courses/ a very special subscription rate. for all objective tests at each level This will ensure that you receive
the mother of all evils’ as it will delay Check out more details at http://bit. – Operational, Management and a score that is comparable across The raw score produced across all
your career progress. How will Cert BA ly/1TWvgKO Strategic. multiple versions of the same exam, variants cannot be compared until
2017 affect you? regardless of the level of difficulty of they go through the equating process
What’s more - did you know that We will sign up with more merchants Your results will now contain a pass/ the exam. to produce a scaled score.
exam pass rates for the updated 2015 CIMA has launched an updated CIMA in the future so check the Malaysia fail grade, performance feedback by
syllabus have surpassed the pass Certificate in Business Accounting website for updates. syllabus topic area, and a new ‘scaled So why do we need to transform By using scaled scores CIMA can
rates for the previous syllabus? Check (Cert BA) and assessments will score’ (instead of a % pass mark). the raw score? ensure that you receive a score that
this out by visiting www.cimaglobal. commence on 11 January 2017. The To enjoy the privileges in your card, You will be awarded a scaled score gives a fair representation of how you
com/examinations/ And if you need syllabus content has been reviewed remember to renew your 2016 between 0 and 150; a score of 100 or There are multiple versions of the nine performed in the exam – no matter
some inspiration, read about the and refreshed, following thorough annual subscription. You may pay higher representing a pass. CIMA objective tests. Care is taken to which version of the exam you took.
success stories of your peers at www. global research to ensure it remains online at MY CIMA or issue a bank ensure that the questions selected for
cimaglobal.com/Students/Student- up-to-date and relevant. draft in Sterling Pounds to ‘CIMA’. We hope that with this brief, you will each exam version are comparable Watch the videos:
success-stories/ Bank drafts can be sent to the local fully understand what a scaled score is. but even so, minor differences in exam
How will it affect you as a student? CIMA office, from where they will difficulty can remain. Objective tests exam results
From 2016, all CIMA revision The good news is that Cert BA 2017 be couriered to the London office on What is a scaled score? explained https://www.youtube.com/
classes will be conducted online, in will have only four subjects instead of your behalf. Therefore a raw score of 50 in watch?v=p1DtdCMGWSc
collaboration with Kaplan, CIMA’s five. Business Mathematics (CO3) has Before we consider scaled scores one exam may not be directly Case study exam results explained
Global Learning Premium Partner. been integrated across the other four * issued only to CIMA students in we need to know what a raw score comparable to a raw score of - https://www.youtube.com/
Visit www.kaplan.my subjects. Malaysia is. A ‘raw score’ is a score with no 50 on a slightly easier or more watch?v=YEGqXfjQ_y4
16 | ISSUE 12 JAN-MAR 2016 ISSUE 12 JAN-MAR 2016 | 17
MEMBERS
PRESIDENT’S
for busy finance and business
CPD 2016 professionals who need CPD that’s
convenient and will fit around their CIMA
This year, we are collaborating with schedule.
MY JOBS
DINNER & CIMA
CPA Australia and MIA to bring you
a greater variety of CPD courses CIMA on demand offers a range of
to help you fulfil your mandatory courses covering a variety of topics - A JOBS SITE
CPD requirements. View the CPD including management accounting,
JUST FOR YOU
CONVOCATION
calendar for Malaysia at http://www. financial reporting and business skills.
cimaglobal.com/Our-locations/ All courses are available to view on
Malaysia/CPD-calendar/ your smart phone or tablet with the CIMA MY JOBS is the specialist
international careers portal for our
2016
majority having a running time of up
In Singapore, we have partnered the to two hours, giving you the flexibility 229,000 members and students in
176 countries.
Will you be there for the President’s Institute of Singapore Chartered
Accountants (ISCA) to bring you four
to control when and where you learn.
Dinner and CIMA Convocation? CPD courses in 2016. Visit http:// Visit http://www.cimaondemand. JOBSEEKERS
www.cimaglobal.com/Our-locations/ com/ to find out more.
CIMA MY JOBS specialises in
I
Singapore/Events/
t will be held on 18 April CIMA-AICPA proposal to join forces to Register your seat now! matching the right person to the
For Singapore members, we have
2016 at the Carlton Hotel in form a new accounting Association. right role and provides all the tools
secured a 20% discount off all courses
Singapore and on 23 April 2016 Singapore: kelly.teo@cimaglobal.com CIMA from now until 30 April 2016. Please and functionality a jobseeker will
in Intercontinental Hotel in
Kuala Lumpur. It’s only once a year
We will also be celebrating the
convocation of newly admitted
(please provide CIMA Contact ID)
ON DEMAND email singapore@cimaglobal.com for need.
the discount code.
so do come and join us! It’s a good members of CIMA and what’s more, Malaysia: http://bit.ly/cima_pdc2016 Create your jobseeker profile today
This is an online professional
time for you to network with fellow we’ll be recognising members who (by 1 April 2016). If you are attending and let employers find you. Sign
development solution designed
CIMA members and meet Myriam have been with the Institute for 10, 20 the dinner in Malaysia and you are a up for a free service at http://
Madden FCMA, CGMA, the second and 30 years and the top performing recipient of a membership myjobs.cimaglobal.com/register/
lady President in the history of CIMA! students for the 2015 exams. anniversary pin, please reserve your and get great jobs sent to you
She will be providing updates on the seat at http://bit.ly/cima_pdc2016_pin automatically.
RECRUITERS
MORE WITH YOUR CGMA CARD 2016 All roles on the site are displayed
across the CIMAglobal.com
Your CGMA Card* in 2016 will give you more privileges aside from network, giving you access to a
MEMBER getting special rates for CPD courses. Enjoy special discounts at World jobseeker audience of 280,000
of Sports, Nando’s 1 Utama and Ke Wynn Personal Trainer when you unique visitors each month.
visit their outlets. The Star ePaper is also offering CIMA members and
students a very special subscription rate. Check out more details at Recruiters may register at https://
http://bit.ly/1TWvgKO cima-rs.madgexjb.com/register/
ASIA
CIMA SE for the following services:
1-ABCDE • Post jobs and monitor
applications
• Use the extensive database to
search candidates
Remember to renew your 2016 subscription to enjoy the privileges in your card. You may pay online at MY CIMA or • Filter applications with
issue a bank draft in Sterling Pounds to ‘CIMA’. Bank drafts can be sent to the local CIMA office, from where they will be screening questions
couriered to the London office on your behalf. • And much more...
* issued only to CIMA members in Malaysia
18 | ISSUE 12 JAN-MAR 2016 ISSUE 12 JAN-MAR 2016 | 19CGMA PUBLICATIONS
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20 | ISSUE 12 JAN-MAR 2016 ISSUE 12 JAN-MAR 2016 | 21CIMA CENTRE OF EXCELLENCE
CARBON FOOTPRINT CIMA-EIASM
AND GREEN INITIATIVES RESEARCH TRAINING
OF THANAKORN VEGETABLE OIL PRODUCTS
by Dr Marites A. Khanser
PROGRAMME
T
he case study on Thanakorn is one of the leading companies adopts the carbon emission formula
Vegetable Oil Products, in Thailand in carbon reduction according to TGO Guidelines, as
Co., Ltd. (TVOP) based in certifications with products having follows:
Thailand is part of a bigger the following labels: carbon footprint,
international research funded by the carbon reduction, carbon offset and
COE that investigates four companies carbon neutral. Carbon footprint Product Quantity
in South East Asia on how they is good business practice since per functional unit (Fu) x
measure carbon trading and footprint. it enables companies to reduce Emission factor x % allocation
The research also looked into their their carbon emissions, improve = kgCO2e/Fu
best practices in green initiatives their processes, and attract green
from the management accounting customers, and ultimately help in
and control perspective, and mitigating climate change for a It can be concluded that carbon
recommended policies to mitigate sustainable world. footprint certification labels, stamped
climate change. on the product packaging, contribute
Based on the Green Industry to the product attractiveness,
The principal researcher was Marites Framework, the company has particularly to green customers of the
A. Khanser and the co-researcher was achieved Level 4 (Green Culture) company. There is a need for carbon
Concepcion R. Racaza, both from the certification. The company has footprint accounting to be vigorously
University of San Carlos, Cebu City, received the carbon neutral label implemented so as to measure
Philippines. for two of its products, the Refined the costs and benefits arising from
Soybean Oil (1 liter in Bottle) and following the green path.
The Khanser and Racaza study also the Refined Sunflower Oil (½ liter
looked into certification methods of in Bottle). The CIMA researchers also proposed a
carbon footprint and their impact Green Business Strategy Roadmap for
on the firm’s various stakeholders. Of interest to management Southeast Asia for 2020 and beyond.
Thailand’s Green Industry Framework accounting practitioners are the
was adopted for this study. For its results of the study that reveal
One for the album - programme participants at the event venue, One World Hotel, Kuala Lumpur
research methodology, the study the opportunity for management
applied the case study research accountants to assist ASEAN Together with the European Institute Leading the training programme University of New South Wales and
design by Yin (2014). companies desiring to get carbon for Advanced Studies in Management were two management accounting also an editor of AOS.
footprint certification labels for their (EIASM), the CIMA Centre of specialists – Professor Chris Chapman
Thanakorn Vegetable Oil Products products through the application of Excellence (COE) welcomed thirty and Professor Wai Fong Chua. Chris is a The aim of the training programme
Co. Ltd was established in 1974 in carbon footprint accounting. Using management accounting researchers professor at the Copenhagen Business was to nurture the interest in
Thailand and operates a number of the Product Life Cycle Assessment, from SE Asia to attend its first research School as well as the Editor-in-Chief of management accounting research
projects to minimise environmental Thanakorn was able to measure the training programme in Kuala Lumpur Accounting, Organisations and Society among young researchers and
impacts from its production. Findings carbon emissions of 54 products in in October last year. (AOS), a top accounting journal. Wai academics in SE Asia.
of the study show that Thanakorn 6 categories in 2012. The company Fong is a Pro Vice-Chancellor at the
22 | ISSUE 12 JAN-MAR 2016 ISSUE 12 JAN-MAR 2016 | 23EVENTS
22
MARCH
18 APRIL
22 APRIL
EVENT EVENT EVENT
Contentious and contemporary President’s Dinner Global corporate governance
transfer pricing issues on Venue and transparency summit
group of companies Carlton Hotel, Singapore Venue
Venue Contact Laguna Bali, Nusa Dua, Bali,
Kuala Lumpur singapore@cimaglobal.com Indonesia
Contact Contact
Choong.training@gmail.com nora.shikin@pinnaclegroup.global
T. +6012 2946 290 (Jacqueline) nora@tpgi.org
T. +65 (0)6444 1644
23 10-11
APRIL MAY
28 MAY
EVENT EVENT EVENT
President’s Dinner Shared Services and ISCA Run
& CIMA Convocation Outsourcing Week Malaysia Venue
Venue Visit http://goo.gl/eni8U1 IOCBC Square
Intercontinental Hotel, Venue Singapore Sports Hub
Kuala Lumpur Double Tree by Hilton, Contact
Contact Kuala Lumpur www.iscarun.sg
Lili.ho@cimaglobal.com Contact
enquiry@ssonnetwork.com
T. +65 6722 9388
CPD courses in Malaysia:
MAY
24 May
Kasetsart University, Thailand http://www.cimaglobal.com/Our-
26 May locations/Malaysia/CPD-calendar/
EVENT Universiti Sains Malaysia
Research Workshop by the 31 May CPD courses in Singapore:
CIMA Centre of Excellence CIMA SE Asia office, Malaysia http://www.cimaglobal.com/Our-
Venue locations/Singapore/Events/
Contact
18 May Karen.yeap@cimaglobal.com
Universitas Indonesia
24 | 24 | ISSUE
ISSUE 12 JAN-MAR
12 JAN-MAR
20162016You can also read
