CIMA-Pulse March 13

7/27/2019 CIMA-Pulse March 13

1/8

Keeping a tab on the world of business

Vol IV

1

March-April 2013

Content

Message from Ayan ...................1

Recap ......................................... 2

People Matter Round Table

GBC regional round

CIMA Convocation 2013.................3

Up Next .................................... 3

Revision Lectures

W h i z c o m p e t i t i o n

Member Speak ......................... 4

Latest Vacancies on CIMAMYJOBS ....................................6

Important Dates ..................... 6

CIMA Applause November2012 (PC Based) ........................ 7

New Members ......................... 8

CIMA in News ............................ 8

November-December 2012

In the year 2013, five

more universities have showninterest in partnering withCIMA to offer the qualificationas an option to theirundergraduate students.

Greetings from CIMA India! qualification within the reach of morenumber of students, has led toIt is my privilege to write theuniversity partnerships with Manipalintroduction to this edition of CIMAUniversity and Symbiosis Centre ofPulse. To introduce myself, I am AyanDistance Learning in 2012. In the year

Mahapatra, my team and I work towards 2013, five more universities have shownbuilding partnerships with educationalinterest to partner with CIMA to offerinstitutions and tuition providers in Indiathe qualification as an option to theirto make CIMA more accessible toundergraduate students.students around the country.In 2013, we will continue to expand ourLast year, CIMA focused on creating newpartnership network while we supportlearning partnerships across India withexisting partners to succeed and sustain.leading professional accounting training

institutions. The idea was to help CIMA The academic relations team is proud tostudents to progress to the next level of contribute to CIMA's mission to helpqualification and the result is visible with people and businesses to succeed, bymost of the learning partners registering growing the talent pool of financially

pass rates above 70% and one partner qualified business leaders, who driveeven registering a 100% pass rate in business success.November 2012 exam across all levels. We are grateful to the CIMA studentsOur endeavour is to make quality and members who have consistentlytuitions available in every city where we supported our initiatives by volunteeringhave a substantial student population. to speak at or judge college andThrough our learning partnerships, we university events organised by CIMA. Ifhave now reached out to places like you would like to be a part of CIMA'sJaipur, Lucknow and Ranchi. Over the academic partnership initiatives in thepast two years, we have seen an increase future or would like to recommend ain the number of students opting for college/training institute in your city astuition support with such learning a partner, please do get in touch with us.partners, which is encouraging for us and We would appreciate and look forwardour partners. to your continued support.

Our efforts towards bringing the

Message fromAyan MahapatraNational Head - Academic Relations


2/8

Eastern Regional Winners:

here

Khushi Gupta

Ajinkya Malasane

Priti Choudhary

Mriganka Pattnaik

Find the online article to know the winners for Best Business

Report, Best Speaker and other awards.

Western Regional Winners:

here

Soham Kanade

Ashwini Kolte

Prachi Vaidya

Abhyudaya Choumal

Find the online article to know the winners for Best Business


Southern Regional Winners:

hereFind the online article to know the winners for Best Business


Akshay Patil

Shantanu Rai

Chiranth Hegde

Chirag Mahapatra


Date: 22 March 2013

Time: 7:00 pm to 08:30 pm

Venue: The Leela Kempinski, Gurgaon

CIMA along with People Matters organised an Evening Round

Table on the theme "L&D: Building Efficiency, Impacting

Business" at The Leela Kempinski, Gurgaon on Friday, 22nd March

2013 from 7:00pm 8:30pm.

Kedar Vashi, National Head Learning & Development,

Hindustan Coca-Cola Beverages and Ester Martinez, Editor-in-

Chief, People Matters Media, led the round table session.

The objective of the event was to recognise that looking at

learning interventions in isolation is not enough, and that this

alone cannot deliver the desired business outcomes. There is a

clear need to look at integration of learning initiatives and

2

re ap

keeping it at the center of business a time for companies to

celebrate L&D and the impact it can have on business and the

bottom line.

Evening Round Table with Learningand Development (L & D) Heads

The Global Business Challenge, Regional rounds were successfullyheld at Delhi, Bangalore, Mumbai and Kolkata. 483 teamsparticipated in GBC this year.

We congratulate all the deserving winners of Regional Finals for

CIMA GBC 2013 and also to other category-wise winners.

Vaibhav YadavDeepanshu Agarwal

Surabhi Yadav

Sahebjeet Singh Arora

Find the online article to know the winners for Best BusinessReport, Best Speaker and other awards.

Northern Regional Winners:

here

GBC regional round

The Ambers IIT Delhi

Infinity

Plus One

Sardar Patel

Institute Of

Technology

Shudh NIT, Surathkal

Breakeven

Indian Institute

Of Technology,

Guwahati

The Round Table was attended by L&D Heads, HR Heads and

Senior HR Professionals.


3/8

20th April

21st April E1 - Tharindu E3 - Arj F1 - Tariq

27th April

28th April E2 - Tharindu P3 - Shrikant F2 - Tariq4th May

5th May

Dates Morning Afternoon Evening

3


Panel Discussion withPeople Matters Magazine

re ap

The CIMA India Liaison Office conducted the first ever CIMA

Convocation event in Bangalore and Mumbai. Mr. Gulzari

Babber, President, CIMA conferred the membership certificates

CIMA Convocation 2013

ne tUp

Revision Lectures

As a continuation to our efforts to support students in the exams,

we would be conducting free revision workshops for the May

2013 exam diet. We plan to hold this workshop in the form of

Web conferences. The details would also be available on the

CIMA Facebook Page and would be mailed to you.

to those who acquired CIMA membership in 2012. He also

presented trophies of recognition to students for outstanding

performance in CIMA Exams.

Please send in your confirmations at [email protected]

A case study competition for professionals working in differentjob roles across reputed organisations nationally. The competitionaims to bring together tomorrow's business leaders on onecommon platform and help them think and take decisions likea business leader.

The Whiz competition will challenge the participants to evaluatean industry based business scenario. The emphasis on theevaluation would be on analysis, judgement & creativity basedon the financial and non-financial data provided in the businessscenario.

The competition is likely to witness participation from leading

organisations to compete at the city level (Bangalore, Chennai,Mumbai & Delhi) culminating in the National Finals to be heldon 29th June 2013.

If you would like your organisation to participate, pleaseThe registration is open from 15th March 15th April.

click onRegister

Whiz Competition

Bangalore event

Mumbai event


4/84

The US House of Representatives passedlegislation on January 1, breaking animpasse over how to prevent more than$600 billion in tax increases and spendingcuts from coming into force. The so-calledfiscal cliff had threatened to push theworld's largest economy into a recession.The budget package passed by Congressthough won't reduce deficits enough toavoid a sovereign rating downgrade andmaybe a financial chaos ahead; the rest of

the world however, is watching and tryingto get cues to understand its impact onbusiness.

Confused? You may be if you are not a'Management Accountant'. As businessmanagers we have to face economicchallenges that are thrown at us which are

space, which is and has always been a more often than not, not due to our ownShrikant Koundinya, Vice President (Marketmajor segment within the financial asset making as we are merely at the receivingDevelopment & Training), Universalclass, even the minor economies have had end and we will continue to be untilCommodity Exchange, is a Fellow Membermajor impact on businesses. An event that economies grow to their potential. Asof the Chartered Institute of Managementcomes to mind is the oil pipeline explosion Management Accountants we are wellAccountants having diverse experience in

in Ije Ododo, on the outskirts of Lagos, placed to understand the systematic riskfinance and capital markets in areas such Nigeria in December 2012. The and provide solutions to our immediateas audit, research, ERP, MIS and training.International Energy Agency recently business environment and it is for us toHis areas of specialisation are exchange riskestimated that widespread thefts of crude stand-up and be counted as professionalsmanagement, market operations, clearingoil in Nigeria, cost the country $7 billion a who can decipher the complex globaland settlement, delivery mechanism andyear. As the gasoline pipeline burned trends with all the economic indicators andprice risk management amongst others.unstopped, countries and entities that do provide clear, timely and decisive solutions

He has designed and delivered business involving oil watched with baited to our respective corporates.presentations to corporates, banks and breath the price movement, and calculated

Systematic risk can be mitigated only byacademic institutes in all financial asset risk impact.being hedged, and as a Managementclasses and was involved in imparting

According to data compiled by the IMF, Accountant working for a commodityknowledge to regulators in Mauritius &nations around the world, from Brazil to exchange, I am perfectly positioned toMaldives ( Financial Services Commission,

Iraq to China have bought gold to add to spread awareness, educating variousCMDA) besides taking part in the World their official reserves. While Credit Suisse participants to hedge their raw materialBank aided project, International Foodforecasts a 2013 average of over price risk on commodity exchanges andPolicy Research Institute (IFPRI) for training$1,700/troy ounce, it expects improved likewise, currency risks on currencyprofessionals from Ethiopia.economic growth later this year to curb exchanges. The CIMA syllabus is broad-

Shrikant has lived and worked in Africa and gold's appeal. This is again the result of based, providing us flexibility to effortlesslythe United Kingdom and has worked with a economic expectations from the Euro zone fit into any situation. It gives usnumber of exchanges and corporates. and America having its impact felt across tremendous satisfaction to relate even

smaller economies. purely theoretical concepts to our dailyHe shares some vital insights andwork environment as below.emphasises on the approach a Turmeric exporters, from the state of

management accountant should have. Kerala in southern India watch nervously We all know the definition of 'Perfectwhile the elephants play ball. India Competition' which has been a part of all

accounts for a little over 80% of the curriculums in basic economics and also aworld's turmeric production and the part of 'basic economics' where it is definedThe Changing Environment: In this day manner in which the currency will move as a market structure in which theand age, we are swamped with economic will have consequences. The problem is following five criteria are met:information emanating from all the major that the Rupee-Dollar exchange rates Many buyers & sellerseconomies of the world. In the commodity continue to remain volatile. Freedom of entry and exit

Management Accountants must apply

the concepts

1.2.

Member Speak


Shrikant KoundinyaFCMA, CGMAVP-Market DevelopmentUniversal Commodity Exchange

As a ManagementAccountant working fora commodity exchange,I am perfectly positionedto spread awareness,educating variousparticipants to hedge theirraw material price risk on

commodity exchanges andlikewise, currency risks oncurrency exchanges.


5/85

Member Speak


All firms are price takers and have a easy to enter or exit a Perfectly The ticker on the bottom of the screenrelatively small market share. also displays all information relevantCompetitive market.Perfect information to the contract which helps decision

For trading purposes there areHomogenous or identical product making.generally no entry and exit barriers

And finally we can say that allIt is a theoretical market concept, often in the exchange industry. As longinformation is available to allused as a yardstick against which other as one trades on the exchange,participants on an equitable basis;market structures such as monopoly, within the stipulated trading hourssame information to all, at the sameoligopoly etc., are compared. However, in and within the limits set for trading bypoint in time.the Exchange traded derivative industry, a the exchange/regulators (such as

very distinctive comparison can be made position limits/ financial limits), one can Homogenous or identical productsand similarities can be appreciated. It must enter and exit the contract at will. - The qualities and characteristics of a

be observed that the regulatory structure market good or service do not varyParticipant is a price taker, andupon which exchanges are based have between different suppliers.does not have the ability toeffectively helped in meeting some of the influence the price of the product. As far as exchange tradedassumptions on which Perfect Competition derivatives is concerned, weThe number of trading participantscriteria are based. cannot have a more homogenousfor a contract automatically

tradable item than a financialensures that an individual participant,derivative contract, where thewhether a buyer or seller, is not able tospecifications do not changeMany buyers and sellers An influence the price.during the trading life of theinfinite number of consumers with the

One can trade only within the contract.willingness and ability to buy thelimits prescribed for trading. The fact

product at a certain price, and infinitethat a contract is launched for trading

producers with the willingness and

means that a high level of participationability to supply the product at a has been assured. In cases thecertain price.

participation levels were to fall,On an exchange traded derivative commonly referred to as 'poor liquidity',platform, financial contract is the the exchange stops further launch of anyproduct that is bought and sold. On a new contracts in the failed commodity.commodity exchange the underlying

A single participant is so smallfor a financial derivative instrument is

relative to the entire derivative marketthe physical commodity. For example,

that their presence or absence leaves thea Gold futures contract is backed up

price very nearly unaffected.by a healthy physical market in Gold;

Perfect information - All consumerslikewise Soya bean futures contractsand producers are assumed to haveare backed by a flourishing Soya bean

perfect knowledge of price, utility,physical market. Both the exchange andquality and production methods.the regulator take the initiative for

conducting a thorough market research On an 'Exchange traded derivatives'in order to ascertain whether a contract platform the participants have nearshould be designed and launched. An perfect information.existing healthy trade is an indication Thanks to the electronic platform, thethat there could be tremendous interest trader work station (TWS), allwhich could translate into high participants can view online the tradingtransaction volumes for exchange traded taking place. All participants arecontracts; and in this manner the informed about the quantity and price ofassumption of many buyers and many the last trade made.sellers laid out in the perfect

On the TWS one can view the number of

competition assumptions is met. participants waiting in the wings to buyFree entry and exit barriers or sell (quantity & price) the contracts.Lack of barriers make it extremely

3.

4.5.

Basic characteristics of Perfect

Competition and Exchange Mechanism

Conclusion: The assumptions based

on which the micro economic concept

of 'Perfect Competition' is founded

have been successfully adopted in

exchange traded derivative segment,

where almost all the conditions are

met ensuring that the trading takes

place in a perfect environment. It must

be stated that technology is the basis

on which information is decimated in

an equitable manner. Trading in

exchange traded derivatives

instruments is a current day example

where theory and realism meet. The

true reward for a 'Management

Accountant' is to be able to apply the

concepts, earned through hard work.


6/8

Important Dates

6

Latest Vacancies onCIMA MYJOBS


2013 Exams dates - May 2013 Extra - T4 only

For more vacancies, log on to http://myjobs.cimaglobal.com

Employer : Hewlett Packard (HP)Position : Industrial Training Program -

Internal AuditLocation : BangaloreSector : ITLink : http://myjobs.cimaglobal.com/job/

473284/industrial-training-

program-internal-audit

APPLY

Current opportunities for CIMA qualified professionals

Exam entry deadline students 12 April 2013

Tuition provider web entry deadline 17 April 2013

Deadline for applying for extra time 17April 2013

Pre-seen material for tutors/ students Mid January 2013

Exam fee deadline 1 May 2013

Admission advice w/c 6 May 2013

Exam 23 May 2013

Exam results released 13 June 2013

Tuesday Wednesday Thursday

21 May 22 May 23 May

Morning E1 P1 F1

E3 P3 F3

Afternoon E2 P2 F2

G1/M1/A1 T4 part B

Time Table for May Professional Exam

Employer : JCB IndiaPosition : Manager NPIP &

Cost AccountingLocation : DelhiSector : ManufacturingLink : http://myjobs.cimaglobal.com/job/

476133/manager-npip-and-

cost-accounting

APPLY


7/8

CIMA Applause!November 2012 (paper based)

CIMA is delighted to announce the names of students who have achieved top ranks in various papersof the November 2012 exams.

Congratulations! You make us proud!

Test for Professional Competence T4 Part B Case Study

Strategic Level Paper

Gateway Assessment

Management Level Paper

Operational Level Paper

Mr Pavan Udayagiri T4 Part B Case Study Examination 35 1

Miss Gayatri Iyer T4 Part B Case Study Examination 33 2

Mrs Aarthy S. E3 Enterprise Strategy 67 1

Miss Radhika Menon E3 Enterprise Strategy 67 1

Mr Rangamani Rahuveer F3 Financial Strategy 76 1

Mr Anish Dangra F3 Financial Strategy 72 2

Mr Shivraj Subbiah F3 Financial Strategy 72 2

Mr Anant Bagri F3 Financial Strategy 72 2

Mr Sohil Poojara F3 Financial Strategy 72 2

Mrs Prasanna Nageswaran P3 Performance Strategy 83 1

Mr Akhil Iyer P3 Performance Strategy 80 2

Miss G Aishwarya A1 Professional Gateway 81 1

Mr Sree Madavan A1 Professional Gateway 78 2

Mr Ramanuj C Kankani G1 Management Accountant Gateway 85 1

Mr Ankur Gupta G1 Management Accountant Gateway 81 2

Mr Shivaraj Math M1 Masters Gateway 72 1

Mr Peush Pillai M1 Masters Gateway 72 1

Mr Sheldon Dsouza E2 Enterprise Management 71 1

Mr Ravi Venkatraman E2 Enterprise Management 64 2

Mrs Ann Dattani F2 Financial Management 76 1

Ms Shriti Sinha F2 Financial Management 68 2

Mrs Renu Gupta P2 Performance Management 71 1

Mr Srijith S P2 Performance Management 66 2

Ms Usha Ganapathy Subramanian E1 Enterprise Operations 83 1

Ms Shriti Sinha E1 Enterprise Operations 74 2

Mr Bamby Arackal F1 Financial Operations 80 1

Miss Sangeetha Krishnamurthy Iyer F1 Financial Operations 79 2

Mr Rajat Karnani P1 Performance Operations 77 1

Mr Mithun Banerjee P1 Performance Operations 76 2

Paper Name Country RankMarksName


7


8/8

CIMA Applause!


8

Name Designatory Letters

Mr Dinesh Jain ACMA, CGMA

Mr Kapil Kshirsagar ACMA, CGMA

Mr Ravi Dhanavada ACMA, CGMA

Ms Divya Sudhakaran ACMA, CGMA

Dr Batani Rao ACMA, CGMA

Prof Asish Bhattacharyya ACMA, CGMA

Mr Shyam Prasad ACMA, CGMA

Mr Yogesh Malik ACMA, CGMA

Mr Akshaya Sahoo ACMA, CGMA

Mr Paresh Sampat ACMA, CGMA

Mr Pravin Kumar ACMA, CGMA

Mr Sridhar Bagalkot ACMA, CGMA

New Members November- December 2012CIMA congratulates all new members on earning their ACMA, CGMA designation

CIMA in News Business India featured 'Survival strategies', an article

addressing why a substantial percentage of MSMEs (Micro,

Small and Medium Enterprises) fail to sustain their business.The story highlighted how the CIMA qualification &

management accountants can change the picture for them.

Arati Porwal Chief Representative, CIMA was quoted in the

article saying For a small business, expanding into a valuable

company and sustaining its success is priority. Essential is

strong financial acumen, leadership skills and a 360 degree

vision. CIMA's qualification gives a global professional

qualification by transcending geographical and functional

boundaries. You cannot drive a business ahead by just looking

in a rear view mirror. CIMA qualified professionals bring forththe mindset,

Reference: Business India Magazine, Issue dated April 14, 2013.

The Economic Times featured an article on CIMA president,

Gulzari Babber motivating the future business leaders through

his invaluable insights. In the article Mr. Babber shared someinspiring personal experiences and a 'stay dedicated and don't

let adversities become a barrier in your success' mantra that

helps separate leaders from great leaders.

Reference: The Economic Times. 'Exemplars of Success' Special edition on January, 2013

The Free Press Journal, featured the CIMA President, Mr. Gulzari

Babber in an article on changes in management accounting in

recent times.

India Infoline and Kannada Prabha also published thought

invoking interview coverage from the CIMA president.

News of the CIMA Global Business Challenge in India, before

the event, was carried in newspapers such as The Hindustan

Times, Afternoon Despatch and Courier and websites such as

Shiksha, India education diary and Education in India.

CIMA-Pulse March 13

Documents

Transcript of CIMA-Pulse March 13