Nestlé Clinches the NAfMA Excellence Award Nestlé (M) Berhad emerged as the Excellence Award winner of the National Award for Management Accounting (NAfMA) 2005, beating eight other finalists. YB Dato Mustapa Mohamed, Minister in the Prime Minister s Department, presented the NAfMA awards at a grand dinner ceremony in Kuala Lumpur on 8 December 2005. Other companies which emerged victorious for the Best Practice Award were Shell Refining Company (Federation of Malaya) Bhd for the public-listed companies category, CCM Fertilizers Sdn Bhd for the non-listed companies and KEU Control Engineering Sdn Bhd for non-listed small and medium enterprises (SMEs). Meanwhile, the Practice Solution Award was won by Resorts World Bhd for the public-listed companies category, Ipoh Specialist Hospital for the non-listed companies and DPI Sdn Bhd for non-listed SMEs. Lauding the NAfMA initiative by the Malaysian Institute of Accountants and CIMA Malaysia Division, YB Dato Mustapa Mohamed said, By instilling a culture of benchmarking and promoting best practices, it stands to promote personal efficiency and increased productivity. Indeed, managers who strive for best practices invariably unleash creative and innovative methods which could have positive long-term effects in their business and the country as a whole. Mr Stephane Alby, Executive Director, Finance and Control, Nestlé (M) Berhad (right) receiving the NAfMA Excellence Award trophy from YB Dato' Mustapa Mohamed, Minister in the Prime Minister's Department (left). Looking on is Mr Y C Lee FCMA, President of CIMA Malaysia Division (centre). The nine finalists with their certificates. SEPT - DEC 2005 For the first time, the NAfMA 2005 awards included the participation from SMEs with an annual turnover of not more than RM 25 million. Mr Yeo Tek Ling ACMA, Chairman of the NAfMA Organising Committee, said, The entry of SMEs into the award is a significant milestone for us as we believe that SMEs should be encouraged to adopt best business practices in order to be more competitive in the current business environment. The NAfMA awards recognise best practices in management accounting by companies in Malaysia that lead to value creation and excellent business performance. The NAfMA awards also aim to promote the application of management accounting techniques and systems within organisations in Malaysia. (continued on page 3)
MALAYSIA DIVISIONAL COUNCIL 2005/2006 Instilling CIMA Values All staff of CIMA Malaysia Division and Ms Christina Ho from CIMA Singapore spent 17 September 2005 at Sheraton Subang Hotel in Petaling Jaya taking part in a workshop on CIMA Values led by Ms Ross Kamaruddin, Head of Business Development. The group was divided into five teams with one team leading the discussion for each CIMA Value. In each instance, they discussed the definitions and presented examples of Value Victories and Violations in creative ways. They then moved on to exploring each of the Values in detail to define an action plan which would embed the values in their daily work in the office. At the end of the workshop, Ms Sopiah Suid, Divisional Director of CIMA Malaysia Division, awarded prizes to employees who were seen to represent best each of the values on a daily basis. The winners were Mr Ronnie Wong (Accountability), Ms Vicky Paul and Ms Saraswathy Sithamparanathan (Customer Focused), Ms Tan Chiew Ann (Innovative), Ms Chan Siew Lian (Professional) and Ms Karen Yeap (Open). New Head of Learning Partnerships CIMA is pleased to welcome Ms Tam Kam Peng as its new Head of Learning Partnerships, effective October 2005. This new and exciting post within the Education Directorate means that Ms Tam will have global responsibility for strengthening both existing links with learning partners and building new learning partnerships in CIMA s developing markets. In another first, Ms Tam is based at CIMA Malaysia Division in Kuala Lumpur but reports directly to CIMA s Director of Education, Mr Robert Jelly, in the UK. Commenting on Ms Tam s appointment, he said, We are very excited that Ms Tam is joining the team. She has a proven track record of accounting education and training, especially in non-uk markets. One of her first tasks will be to visit the learning partners in the region. Ms Tam will be pivotal in ensuring closer working relationships that can only serve to improve the CIMA student learning experience in these key markets. Annual Subscription 2006 Calling all members and students! Your subscription fees were due on 1 January 2006. Please renew your subscription as soon as possible. You may pay by credit card (Visa, Mastercard or Amex) via online at www.cimaglobal.com/cimaonline or go to the MY CIMA section of the CIMA website. If you do not wish to pay online, you can send your payment to us. The Division has a courier service to CIMA UK every Friday. We accept: A money order, UK Postal order or a sterling cheque drawn on a UK bank, crossed and made payable to CIMA Sterling Bank Draft drawn on a UK Bank If you are sending payment to us, please complete a Remittance Advice and return it with your payment. When sending a cheque, money order, UK Postal order or Sterling bank draft, please write your contact ID on the reverse and post it to the Students Services Unit (for students) or Membership Affairs Unit (for members) of CIMA Malaysia Division.
The NAfMA Awards (from left) Chairman of the NAfMA Organising Committee, Mr Yeo Tek Ling ACMA, MIA President, En Abdul Rahim Abdul Hamid and Chairman of the NAfMA Assessment Committee, Mr Michael Eow FCMA. (continued from page 1) The NAfMA winners were assessed on eight criteria leadership, management accounting information, resource management, customer / market focus, partnership management, value creation, business results and corporate social responsibility. These eight criteria are based on the management accounting concepts of the International Federation of Accountants (IFAC). The guests at the NAfMA 2005 Presentation & Dinner The winning team from Nestlé. Chairman of the NAfMA Assessment Committee, Mr Michael Eow FCMA, said, The most points were awarded for Value Creation and Business Results. Value creation represents the value that is derived from implementing successful management accounting practices. We also emphasised on business results in the assessment, focusing on key performance indicators, how they are measured and how management accounting practices have contributed to the profitability of the company. The awarding bodies for NAfMA are MIA and CIMA Malaysia Division. The working partners are CIMA-UiTM Asian Management Accounting Research Centre (AMARC) and National Productivity Corporation (NPC). NAfMA is supported by the Accountant General's Department of Malaysia, Bursa Malaysia, Federation of Malaysian Manufacturers, British Malaysian Chamber of Commerce, the Malaysian International Chamber of Commerce and Industry and SMI Association of Malaysia. Types of award The NAfMA Excellence Award is the top award for the organisation with outstanding best practices in management accounting. The NAfMA Best Practice Award is for the organisation that has best practices, focusing on fully implemented management accounting systems that set new standards or introduce innovations in the workplace. These systems have been benchmarked and tested, and outcomes have been carefully measured, evaluated and documented. Best Practices will generally have broad impact and applicability within a particular organisation. The NAfMA Practice Solution Award is for application of the most effective management accounting system, tool or technique that has had a positive impact on daily practice. This application may have led to quality or process improvement, improved efficiency, lowered costs, or otherwise addressed a particular problem in the workplace.
CIMA President s Visit to Malaysia Mr Ian Christison FCMA had a memorable time during his visit to Malaysia. During his 10-day stay from 22-30 August 2005, he participated in various events including having a fun time with members and students. The highlight of his visit was an evening spent with members and students at Zouk, a hip and happening place in Kuala Lumpur. It was the first time ever that CIMA Malaysia Division held an event at Zouk. This is an unusual venue as it is a regular haunt for the young and yuppies in Malaysia. This new approach to getting participation from the young members and students was the brainchild of the Division s President, Mr Y C Lee FCMA. 170 CIMA members and students had a great night out, laughing to the antics of Logi & Monty, the comedians, and taking part in the games and lucky draws. The leaders of CIMA, Mr Christison FCMA, Mr Y C Lee FCMA and past presidents of CIMA Malaysia, led the way in dispelling the notion that accountants are square and boring by actively participating in the games and burning the dance floor. President of CIMA, Mr Ian Christison FCMA (4th from left) and President of CIMA Malaysia Division, Mr Y C Lee FCMA (3rd from left) along with CIMA students and the comedians, Logi and Monty. The charm and charisma of Mr Christison certainly had a great effect on rescuing lapsed CIMA members. During a dinner targeted at selected lapsed members, five out of six members who attended the dinner re-instated their membership. One was a member who had lapsed for 20 years while two others had lapsed for 10 and 11 years respectively. The dinner was but one of the activities to promote the reinstatement scheme for lapsed members in Malaysia. Another highlight of the President s visit to Malaysia was the launch of the CIMA Corner at Universiti Sains Malaysia (USM) in Penang. Mr Christison presented a set of the CIMA Study System to Professor Dr Dato Daing Nasir Ibrahim, Dean of the School of Management at USM. Mr Ian Christison and Ms Sopiah Suid (right), Divisional Director of CIMA Malaysia Division, with students at the Accounting Resource Centre, USM, Penang. The other appointments during the President s visit included a meeting with the Malaysia Divisional Council members, the face-to-face membership assessment, presentations on the CIMA Learning Scheme and a special briefing on elevation using the CV route. Natural All The Way Vegetarians are an ingenious lot when it comes to cooking. How else can they come up with dishes that are tasty and have the texture of meat? The Nature s Vegetarian Restaurant in Bangsar and Sri Hartamas, Kuala Lumpur, offers an extensive selection of vegetarian dishes and a few meat varieties as well. This restaurant, decorated in traditional Chinese style, also caters for wedding dinners and birthdays. Yam basket, Ginger Steam Fish and Taufoo, Peking Duck, Butter Fried Lotus and Golden Dragon Ball (Kam Si Sau Kau) are definitely the best choices to savour. The Ginger Steam Fish is quite ingeniously put together - slices of tofu interspersed with pieces of fish (soya skin or fu chuk) wrapped with seaweed and doused with blended ginger and soya bean paste. If you close your eyes and chewed, you would think you were really eating fish. During breakfast, you can try their delicious vegetarian dim sum which is served only at the Bangsar outlet. A special discount of 10% awaits CIMA members who want to try the fine taste of healthy vegetarian dishes at the Nature s Vegetarian Restaurant. Please use the coupon below to enjoy the discount. Nature s Vegetarian Restaurant is located at No 24, Jalan Telawi 3, Bangsar Baru, Bangsar and No. 6, Jalan 31/70A, Desa Sri Hartamas, Kuala Lumpur. For reservations, please call 03-2283 5523 (Bangsar) or 03-23001631 (Sri Hartamas). Dim Sums are served from 8am - 6pm while Ala Carte is available from 12pm - 10pm. 10% Nature s Vegetarian Restaurant Bangsar & Sri Hartamas, Kuala Lumpur discount Validity of this voucher: 1 Jan 2006 30 June 2006 Please present this voucher to enjoy discount. Please provide your CIMA membership contact ID.
Golfers Have a Great Time on the Green At the crack of dawn, 30 enthusiastic golf players gathered at the Impian Golf and Country Club, Kajang on 10 December 2005, for the 6th CIMA President Challenge Trophy Golf Tournament. The players include CIMA members, corporate friends and guests from professional accounting bodies. Emerging as the 2005 overall winner and CIMA Champion of the CIMA President Challenge Trophy was Mr Raveendhar Vasu FCMA, Finance Director of Lumileds Lighting (M) Sdn Bhd with a full score of 36 and handicap 12. He also won a 21-inch television. Incidentally, Mr Vasu was also the champion in the 2003 CIMA golf tournament. The Nearest to Pin (Hole no. 7) novelty prize was won by Y Bhg Dato Nordin Baharuddin, Vice President of MICPA while the Longest Drive (Hole no. 3) was won by En Rahimi Ramli from KHR Business Advisory Sdn Bhd. There were prizes galore, from electrical items to hampers, free hotel accommodation and colour TVs. These were donated by various organisations and individuals. Every golfer took home either a prize or a lucky draw, for it is the spirit of the tournament that counts! The golf tournament is an annual event organised by the Division to foster closer ties among its members and fellow accounting bodies. CIMA Malaysia Division extends its sincere thanks to all the companies and individuals who generously sponsored the prizes, lucky draws and door gifts for the tournament. The champion, Mr Raveendhar Vasu FCMA, posing with his trophy. One for the album - (from left) Mr Thilaikam Ramalingam, Gen(R) Dato Ismail Hassan, Mr Winston Koay and Mr Jack Chuah. Prizes Ablemen & Talent Sdn Bhd Avillion, Port Dickson C & T Graphics Fairview Development Sdn Bhd Hotel Nikko, Kuala Lumpur Premierwest Engineering Sdn Bhd Prince Hotel & Residence, Kuala Lumpur Sheraton Subang Hotel & Towers Upha Corporation (M) Sdn Bhd Door Gifts Inter Direct Marketing Mandom (M) Sdn Bhd United Overseas Bank Upha Corporation (M) Sdn Bhd Correction In our last issue of Momentum (May August 2005) we featured an article on a bowling tournament which was organised by the Malacca Informal Network on 4 June 2005. The picture used should have been the one shown below. We apologise to the Malacca bowling team for the error. The Malacca bowling team with their trophies. Mr C H Tong (left) gladly receiving his prize from Mr Michael Eow FCMA. Mr Eric Soo - is this my lucky hit?
Former Enron Whistleblower Speaks on Integrity (From left) Ms Lynn Brewer, Y Bhg Datuk Siti Maslamah Osman (Vice President of CIMA Malaysia Division & Chair of the Q & A Session) and Mr Jonathan Lewis fielding questions from the audience. As a special guest of CIMA Malaysia Division, Ms Lynn Brewer, the former Enron whistleblower, attracted 250 participants to a seminar on The Value of Integrity Understanding the Hidden Value of Intangibles held in Kuala Lumpur on the morning of 6 September 2005. The participants included leaders from the Malaysian business community and accounting professionals from various industrial sectors. Ms Brewer is currently the President of the Integrity Institute Inc, USA, which independently assesses and certifies corporate integrity at the request of organisations. During the seminar, Ms Brewer spoke about her three years working for Enron and how she discovered bank fraud, corrupt dealings, espionage and power price manipulation. She also explained the role of the Integrity Institute which is to examine non-financial indicators of companies and to give them a better understanding of their business. She said, We want companies to understand what would happen if they allowed poor corporate governance to go on. If they don t change and end up becoming the next Enron, they will do it knowingly. The Integrity Institute has identified 10 non-financial indicators that have direct impact on an organisation s bottom line. The indicators are communications, compliance and ethics, corporate culture, earnings quality, environmental and social responsibility, executive compensation, governance, leadership, risk and stakeholder perceptions. She said that these measures also benefited consumers, allowing them to make informed decisions based on the integrity of the company. During the seminar, Ms Brewer was joined by her Associate, Mr Jonathan Lewis, Managing Director of Corporate Governance Accreditation (Pty) Ltd (CGA), Johannesburg, South Africa, who presented a paper on Your Business Excellence Assurance. In the afternoon of 6 September, Ms Brewer spoke at a Roundtable Forum on Ethics & Integrity in the Business World - An International Agenda. The forum was jointly organised by CIMA Malaysia Division and the Institute of Integrity Malaysia (IIM). About 75 participants attended this event which was held at the premises of IIM in Kuala Lumpur. The participants shared their experiences and thoughts on the value of integrity in businesses, how business performance hinged on good governance and integrity and that leaders should lead by example. The Malaysian media was also captivated by Ms Brewer s presence in Kuala Lumpur and this was evident by the good turnout of the press at an interview organised by the Division on the day before the seminar. The media, including magazines such as Malaysian Business and Accountants Today, published several articles on the interview with Ms Brewer. Malaysia Airlines was the Official Airline for Lynn Brewer s seminar while The Edge was the Official Business Weekly. The event was supported by the Malaysian Institute of Directors, Bursa Malaysia, the Malaysian Institute of Accountants and the Minority Shareholders Watchdog Group. Ms Lynn Brewer at the Roundtable Forum jointly organised by CIMA Malaysia Division and IIM. (From left) Mr Jonathan Lewis, Ms Lynn Brewer, Y Bhg Datuk Dr Sulaiman Mahbob, President of IIM and Mr Y C Lee FCMA, President of CIMA Malaysia Division.
Celebrating a New Term (Seated: 5th from left) Ms Sharmini Ariaratnam ACMA, the newly elected President, with the rest of the Exco members and guests. It was a grand Hawaiian-themed night where members of the CIMA Malaysia Toastmasters Club got together to celebrate the installation of their new president as well as the new line-up of Exco members. As the term of 2005/2006 begins under the leadership of its new President, Ms Sharmini Ariaratnam ACMA, the members are looking forward to bigger challenges and even greater achievements for the coming year. Some of the Club s current achievements include a membership growth of 30% since its inception in June 2003 and the attainment of the President Distinguished Club Award in 2004/2005. So far, the Club has produced six Competent Toastmasters (CTMs), one Advanced Toastmasters Bronze (ATMB) and three Competent Leaders (CL) which is a significant achievement over a short period of time. The CIMA Malaysia Toastmasters Club has also helped in the formation of the CIMA Johore Toastmasters Club and in the pipeline, is the formation of the CIMA Penang Toastmasters Club. President of CIMA Malaysia Division, Mr Y C Lee FCMA, said, "The eloquence and the confidence demonstrated by the toastmaster members is one of the many important attributes that we would like our younger CIMA members to acquire as they continue to climb the corporate ladder." What s the key to effective communication? Get weekly practice in rehearsed speeches, impromptu speaking and running effective meetings when you join Toastmasters. Club Name Meeting Dates Time Place Contact Person : CIMA MALAYSIA TOASTMASTERS CLUB : Every 1st and 3rd Wednesday of the month : 7.00pm - 9.00pm : CIMA Malaysia Division : Jitesh 019-2202122 / Parasakti 016-3916381
CIMA Johor Branch Toastmasters Installation Night The CIMA Johor Branch Toastmasters Club held an Installation Night for its Exco Members at the Mutiara Hotel, Johor Bahru, on 19 September 2005. It was attended by Ms Susan Chee, Division Gorvernor, Mr Harold Angus, Area Governor A2 and CIMA Toastmasters Club Mentors, Mr Nash Bhullar and Ms Liza Alip. CIMA Malaysia Division wishes the executive committee the very best in their tasks of meeting the new challenges for 2006. Mr Harold Angus (left), Area Governor A2, with Toastmasters Exco members. Malacca Informal Network The Malacca Informal Network formed a new committee during their Annual General Meeting held on 11 December 2005. Congratulations to Ms Sharon Wee who was elected as Chairman of the Malacca Informal Network committee for the term 2005/2006. Chairman Deputy Chairman Vice Chairman Secretary Treasurer Advisor Committee Members Ms Sharon Wee Mui Ching ACMA Mr James Lee Beng Thye ACMA Mr Choong Chia Yee ACMA Mr Chew Oi Yen ACMA Ms Yong Li Ling Mr Tan Chee Wan FCMA Mr Ong Yeh Moh ACMA President Vice President Education Vice President Membership Vice President Public Relations Secretary Treasurer Sergeant-at-Arms Other Committee members Handling a Tax Audit Ms Angie Ng ACMA Ms Cynthia Goh Mr Joe Chong FCMA Mr Go Hwi Kueh ACMA Mr Chan Soon Lee Ms Lau Ay Choo ACMA Ms Leong May May ACMA Mr Tay Chin Thye ACMA Ms Jolyn Yeo ACMA Mr Ong Hong Siong FCMA On 10 September 2005, CIMA Johor Branch organised a one-day CPD event at Hyatt Regency Hotel, Johor Bahru, entitled Tax Audit & Investigation by Dr. S. Sivamoorthy. Attended by 42 participants, they learnt how to handle issues that could arise during a tax audit and investigation, including any follow-ups after the audit. The talk also highlighted the common pitfalls of an audit as well as areas which may be examined by the Inland Revenue Board. CIMA Sarawak Centre New Staff for the Centre Previously run by CIMA members in Kuching, the CIMA Sarawak Centre now has a new staff to take charge of CIMA s operations in East Malaysia. Ms Doreen Tan, the former CPD Manager of CIMA Malaysia Division, has been seconded to Kuching to take up this new role. With a dedicated staff in place, CIMA Malaysia hopes to have more activities for members and students in East Malaysia. This will also provide better opportunities to promote the CIMA qualification as well as to cultivate closer rapport with employers in East Malaysia. Currently located in Taman Timberland, CIMA Sarawak will soon be relocated to new premises. Ms Doreen Tan can be contacted at 017-8862401 or via email to doreen.tan@cimaglobal.com Getting Ready for GST With the impending GST implementation in Malaysia in 2007, there will be implications for the business community. As a result, CIMA Malaysia Division has been organising several seminars on GST so that CIMA members will gain an understanding of this issue. A CPE event on Goods and Services Tax (GST) The Singapore Experience was organised on 30 November 2005 at the Merdeka Palace Hotel and Suites in Kuching. 22 participants from various organisations attended the event. The speakers, Mr Robin Chia and Mr Chai Yee Hoi, gave insights about the mechanics and scope of GST. They also explained the transitional rules relating to the implementation of GST, touching on time of supply, value of supply and reviewable and non-reviewable contracts.
CIMA Penang Branch New President for CIMA Penang Branch Congratulations to Mr Albert Yeoh Pit Shing ACMA who was appointed as the new President for CIMA Penang Branch in November 2005. Mr Yeoh took over the helm from Mr Danny Tan FCMA who had served for the last three years. A new committee was also elected to serve the 2005/2006 term of office. President Immediate Past President Past President 1st Vice President 2nd Vice President Secretary Assistant Secretary Committee Members Mr Albert Yeoh Pit Shing ACMA Mr Danny Tan FCMA Y Bhg Dato O K Lee FCMA & Institute Council Member for Area 16 Mr Raveendhar Vasu FCMA Mr Keng Soo Peng FCMA Mr Jack Ong Ms Tan Chiew Ann Ms Stacee Tai Soh Heong ACMA, Ms Loh Lay Eong ACMA, Ms Ng Siew Wah ACMA, Ms Rosalind Tan ACMA, Mr Lim Say Leong ACMA, Mr Lim Chin Keong Student Observer Having Fun at Starwalk Proving once again that accountants are not sedentary people, nearly 40 CIMA students and members participated in the mass social event of the year in Penang Starwalk 2005. The event was held on Sunday, 11 December 2005. All the CIMA walkers had attended the Pre-Starwalk Walking Clinic two weekends earlier, and were already well-trained to do the correct stretching, breathing and walking techniques. CIMA students and members proudly showing their certificates after completing the 10 km walk within 2 hours. While completing the walk in the prescribed two hours was not a problem for most of the participants, it was more difficult to pull oneself up from bed in the wee hours of the morning, to be at the starting point, Penang International Sports Arena, by 6am. However difficult it was, all the CIMA walkers were there, and after the flag-off by the Penang Chief Minister at 7am, everyone pushed on hard to beat personal records. By 9 am, all the CIMA participants had completed the walk, thereby earning their Certificates of Participation. During the Starwalk, there was also great entertainment provided, with national singing sensations filling up the time as the lucky draws and prize presentations went underway. Celebrating the Mid-Autumn Festival On 2 September 2005, the committee members of the CIMA Penang Students Club and the Club s advisors, Mr Albert Yeoh Pit Shing ACMA and Ms Loh Lay Eong ACMA, gathered at the Fusion Restaurant to celebrate the Mid-Autumn festival. Committee members enjoying the get-together. Both the advisors and staff of CIMA Penang Branch thanked the committee members for their support and commitment towards CIMA s activities during the year. The committee members had also put in great effort in the progress of the CIMA Penang Students Club.
More MEG Members Join CIMA CIMA Malaysia Division welcomes the following new members of the Malaysia Employers Group (MEG): EPA Management Sdn Bhd Dataprep Holdings Bhd RHB Islamic Bank Berhad L'Oreal Malaysia Sdn Bhd Cristal Clear Technology Sdn Bhd Roots Consulting Sdn Bhd Darton Management Recruiters (M) Sdn Bhd Mandom (Malaysia) Sdn Bhd Heidelberg Malaysia Sdn Bhd Staedtler (M) Berhad Computer Infobase System Sdn Bhd Jaring Communications Sdn Bhd BSA Manufacturing Sdn Bhd Lin Shoon Jewellers Sdn Bhd LSL Metal (M) Sdn Bhd Bayer Cropscience (Malaysia) Sdn Bhd Ellen Loo & Co Signium World Executive Seach Sdn Bhd Metertek Sdn Bhd Hovid Bhd EP Manufacturing Berhad Sanmina-SCI Systems (M) Sdn Bhd Kimberly-Clark Products (M) Sdn Bhd Agensi Pekerjaan U-Com Systems Sdn Bhd Tanjong Management Services Sdn Bhd Executive Workplace International Sdn Bhd Job Xcel Sdn Bhd Companies that do not have CIMA students under their employment are welcome to join the MEG. There is no charge for membership. MEG members will enjoy various benefits such as discounted rates at training events, access to the CIMA Resume Bank and the use of the Job Notification Service. Please contact the Business Development Unit for more information (T: 03-7803 5322 / 7803 5186). Special Services for Members, Passed Finalists and Students Resume Bank - If you would like your resume to be sent to employers who are looking for CIMA qualified or part-qualified candidates, you may email your resume as an attachment in MS Word format. These resumes will be kept as Private and Confidential and will be used for job searches only. CIMA Training Partners and members of the CIMA Malaysia Employers Group are also welcome to access the CIMA Resume Bank. Job Vacancy Notification - Job vacancies that come through the Division will be sent via email broadcast to CIMA members, passed finalists and students. Please ensure that your email address is up to-date so that you will continue to receive the job notifications. Updates of email addresses can be done directly via the MY CIMA account on the website. JobStreet.com - You may want to browse through the CIMA-Jobstreet.com joint webpage for more job opportunities at www.jobstreet.com.my/jobs/cima.htm. The search box allows you to zoom into jobs that specifically state the CIMA qualification as one of the requirements. You can do this by typing the word CIMA in the Refine Search Box and then pressing the Search button. If you are interested in the Resume Bank or Job Vacancy Notification services, please send your resumes and email addresses to norzaitolcima.mohdzawazi@cimaglobal.com or ross.kamaruddin@cimaglobal.com. CIMA Accredits KBU as Tuition Provider A new CIMA accredited college in the Klang Valley will start CIMA tuition classes in January/February 2006. KBU International College, at Bandar Utama, Petaling Jaya, will offer Strategic and Managerial level subjects as well as TOPCIMA. These programmes are run by Professional Education & Training Sdn Bhd (PET). All classes with be conducted by experienced senior accountants who are mainly CIMA members with many years of lecturing/working experience in the commercial sector. Both weekend and evening weekday classes are available and these classes will be held at the CPE Centre, Centre Point in Bandar Utama, Petaling Jaya. For more information, please contact KBU International College: T: 03-7727 3200 or 016-634 5928 F: 03 7727 2733 E: pktee@kbu.edu.my or vhurww@pd.jaring.my
Industrial Visits A Hit With Students At Royal Selangor Malaysian grown Royal Selangor pewter is a well known brand internationally but how many Malaysians actually get to see how pewter items are made? Well, a group of CIMA 1st students joined the CIMA Students Club on a visit to the Royal Selangor factory in Kuala Lumpur on 14 October 2005. They saw various pewter moulds for making pewter items and how pewter is polished to retain their shine. The factory tour took about two hours. At Hicom-Teck See The CIMA Students Club had the privilege of visiting Hicom-Teck See Manufacturing (M) Sdn Bhd in Shah Alam, a leading manufacturer of precision plastic injection mouldings for the Malaysian automotive industry. The visit took place on 30 November 2005. The CIMA Students Club Advisor, Mr Edward Tew, Making designs on a pewter item. accompanied by two CIMA staff and 24 students met with Ms Khooi Chooi Siean, Finance Manager, for a tour around the factory. Later, Mr Mew Yu Tsing, Assistant Manager of the Research & Development Division, gave a briefing on the company. He explained their Total Quality Management (TQM) techniques and the role of management accounting in the company. Team Building at Teluk Batik 12 CIMA Students and 23 CIMA 1st students had a great experience on extreme sports during a camping trip on 11 13 November 2005 at Teluk Batik, Perak. Organised by CIMA Malaysia Division and the CIMA Students Club (CSC), the trip was filled with physical and fun activities. CSC Advisor, Mr Andy Ching ACMA and CIMA Staff, Ms Zahidah Mokthar and Ms Tan Chiew Ann were also present to lend their support to the students. On Day 1, four team building games (sorting the tigers, log crossing, trust fall and plantation) were challenged among four groups consisting of 10 students each. They also had fun at the beach with games such as tunnelling rat and leaky drum, where the group with the most water in a leaky drum wins the game. On Day 2, the students tried rafting, rappelling and jungle tracking. Day 3 activities consisted of tree climbs and flying fox. Not only was it a challenging and adventurous trip, the students learned how to plan, to work as a team and to execute their plans within the time given. Everyone gave the trip a thumbs-up and they looked forward to similar camping trips in the future. CIMA Students Club Committee Election 2005 / 2006 The CIMA Students Club held their committee election during the camping trip to Teluk Batik, Perak, on 11 13 Nov 2005. Mr Soon Eng Shun is the new Chairperson. The Committee will be planning a number of activities for 2006 so look out for the announcements and join in the fun filled activities. If you wish to contact any of the committee members, their email addresses are listed below: Chairperson Vice Chairperson Secretary Treasurer Career Development Sports Development Social Welfare Mr Soon Eng Shun engshun@yahoo.com Ms Eng Wei Ling engweiling@yahoo.com Ms Kok Jo Ann Jaunty1126@yahoo.com Ms Cheong Poh Ying lemon_red19@hotmail.com Ms Adrienna Kam addriennakam@hotmail.com Mr Ler Tche Boon ler29@yahoo.com Mr Giam Sze Chiu sze_04edwin@hotmail.com Mr Jasvinder Singh Mr Ang Wee Heong skywatches91@hotmail.com Ms Michelle Choong Suet Ying csy_michel@yahoo.com
Three New Members in the MIA Council At the 19th Annual General Meeting (AGM) of MIA on 24 September 2005, three new members were elected to MIA s 30-member Council. Mr Paul Chan Wan Siew, Mr Terence Lee Cheang Hui and Mr Sam Soh Siong Hoon were elected to the Council under Section 8 (1) (g) of the Accountants Act 1967 replacing YM Raja Dato Seri Abdul Aziz Raja Salim FCMA, Mr Lam Kee Soon and Y Bhg Datuk Nur Jazlan Tan Sri Mohamed who have retired from the Council. The MIA AGM was held at the Kuala Lumpur Hilton and it was attended by 436 members. NAC 2005 attracts a record number participants The Malaysian Institute of Accountants (MIA) once again hosted its flagship annual event, the National Accountants Conference 2005 (NAC 2005). This year, the event registered more than 1,700 participants and marked another major milestone for the Institute. The NAC is a platform for members of the accounting fraternity to network, exchange ideas and generally update themselves on issues relating to the profession. Significant progress in the development and betterment of the profession can be achieved by the implementation of some of the many ideas conceived and shared at this conference. It has served as an important avenue to assess the profession s needs and adopt the best practices gained from this conference. This year, the two-day conference which was held from 22-23 November 2005, at the Putra World Trade Centre, Kuala Lumpur focused on the accounting profession s perspective in Accountants: Managers of Value. MIA President, En Abdul rahim Abdul Hamid, delivering his Welcome Address at the NAC 2005 opening ceremony. In conjunction with the event, both the MIA and the Malaysian Accountancy Research and Education Foundation (MAREF) presented the MIA-MAREF Outstanding Research Paper Awards (MORPA). It is the first time that MIA and MAREF are collaborating on a project of such nature to give due recognition to accountancy research which is cutting-edge and relevant in improving the practice of accountancy. By encouraging such outstanding practices, both organisations aimed to achieve excellence in accounting research initiatives. In his keynote address during the opening ceremony, the Honourable Minister of Education, YB Dato Sri Hishammuddin Tun Hussein, said that this year s theme abstracts the role of accountants in a bold way, showing accountants awareness that they practise their well-established profession in changing circumstances, against a backdrop of new opportunities and challenges. With all these challenges before you, it is therefore appropriate that you are examining anew the scope of your profession, emphasising your responsibility to the community, reiterating your commitment to professional integrity and making sure that the training of accountants is up-to-date. Accountants must now also be well-rounded professionals with strong managerial and communicative skills. He also noted that members of MIA serve the country in many capacities. The range of occupations undertaken by accountants, or ex-accountants, is vast: from auditors and consultants to entrepreneurs, from restaurateurs to CEOs of public listed companies. In all these capacities, accountants bring a common set of skills, an understanding of the importance of controls, safeguards and visibility; a sense of the role accountability plays in making possible that trust between people which is the basis of prosperity, good governance and peace, he added. The MIA president, En Abdul Rahim Abdul Hamid meanwhile, stated that catalysts such as globalisation and trade liberalisation bring on new challenges upon the accounting profession and the need of a common set of standards in accounting, auditing and ethics is an imperative. In this respect, it has always inspired the Institute to ensure that accounting professionals in Malaysia are on a level-playing ground as that of accounting professionals in other advanced countries.
Admission to Fellows (CIMA Executive List June - November 2005) Mr Chai Chin Foh FCMA Universal Cable (Sarawak) Sdn Bhd Admission to Associates (CIMA Executive List June - November 2005) Ms Au Yong Koh Yeng ACMA Quad Consulting Co. Sdn Bhd Mr Cheah Goon Seng ACMA Bass Asia Pacific Service Centre Ms Cheng Hooi Cheen ACMA Ms Chia Siok Ping ACMA Galaxy Shopping Services Sdn Bhd Benkert Malaysia Sdn Bhd Mr Chew Siang Jet ACMA Mr Chin Lam Sin ACMA Tetra Pak (M) Sdn Bhd JT International Tobacco Sdn Bhd Ms Chin Chew Sze ACMA DK Leather Sdn Bhd Mr Chin Sau Chung ACMA Premier Lubricants (M) Sdn Bhd Ms Chua Pei Woei ACMA Desmond Chu & Co Mr Choi Yiau Chong ACMA YCH Group Pte Ltd Ms Mee Shan Wong, Davina ACMA Ms Foh Hong Fang ACMA Ms Goh Pay Ling ACMA Ms Hii Chai Hung ACMA KPMG Peat Marwick Sara Lee (M) Sdn Bhd Puncak Sepakat Sdn Bhd Mr Chooi Yew Tzen ACMA Mr Chua Poh Eng ACMA Mr Fazrashad Abdul Aziz ACMA Mr Gulam Manaver Mobarak Ali ACMA Tyraco Sdn Bhd Omni-Med Marketing Sdn Bhd Wesria Food Sdn Bhd Malaysian Industrial Estates Bhd Ms Liew Chin Ling, Jenny ACMA Ms Khoo Eam Lay ACMA Ms Kng Bee Kim ACMA Ms Lem Kooi Chin ACMA Ms Leng Kah Mun ACMA Ms Lim Chun Hooi ACMA Ms Lim Kim Lee ACMA Ms Lim Siew Leng ACMA Ms Loo Lai Kheng ACMA Ms Malindar Jit Kaur ACMA Sumur Cahaya Sdn Bhd Flextronics Technology Pacific & Orient Berhad KOU Management Development Centre Sdn Bhd Fujitsu (Malaysia) Sdn Bhd Formosa Prosonic Technics Sdn Bhd Scenic Moulding (M) Sdn Bhd Hong Leong Assurance Bhd Flexys Chemicals Shell Shared Service Center Mr Heng Hock Yee ACMA Mr Woo Boon Keat, Jimmy ACMA Mr Tew Kin Wai ACMA Mr Krishna Kumar s/o Paramanathan ACMA Mr Lai Wing Oon ACMA Mr Lam Pau Wan ACMA Mr Leong Khai Kong ACMA Mr Lok Char Lee ACMA Mr Mohd Sidki Hasan ACMA Mr Ong Yeng Moh ACMA Marco Corp Sdn Bhd Dell Asia Pacific Sdn Bhd TAR College Emergency Transport Technology IOI Corporation Bhd Maybank Banking Berhad Hartlry Shipping Inc Tan, Choong & Partner Bentuk Bina Development Sdn Bhd Panasonic Refrigeration Devices (M) Sdn Bhd Ms Sin Poh Koon ACMA Ms Soh Yee Gee ACMA Ms Tan Gaik Sim ACMA Mega Corporate Services Manulife Insurance (Malaysia) Bhd Mr Ramanaidu Dhaya Leroy ACMA Mr Soo Kok Leong ACMA Mr Syed Ihsan Aljafri ACMA CF Global Net Sdn Bhd RHB Bank Bhd Islamic Relief Malaysia Bhd Ms Tan Peck Tien ACMA CSA (M) Bhd Mr Tan Say Jim ACMA Iris Corporation Bhd Ms Tan Wang Thing ACMA Metropolls Logistics Mr Teoh Teik Hooi ACMA Dell Asia Pacific Sdn Bhd Ms Teo Seok Nee ACMA Ms Wong Pooi Theng ACMA Ms Yeoh Ming Tze ACMA Shell Shared Service Centre Agilent Technologies (M) Sdn Bhd Mr Thapaschana Sivapathasundram ACMA Mr Wong Chee Kay ACMA Mr Wong Chee Wai ACMA Safeguards Corporation Sdn Bhd SRG Asia Pacific Sdn Bhd UTSB Management Sdn Bhd Ms Yeow Ai Ling ACMA Johnson & Johnson Mr Wong Tuck Kuen ACMA Affin Factors Sdn Bhd Ms Yong Wei Fei ACMA Ms Zamzulaila Zakaria ACMA Mr Adil Affandy Othman ACMA Mr Chan Chee Cheong ACMA Computer Associates (M) Sdn Bhd University Malaya Boustead Holdings Bhd ABN AMRO Bank Bhd Mr Wong Whye Hong ACMA Mr Yap Chi-Chyun ACMA Mr Yap Toong Leong ACMA Mr Yen Than Ngan ACMA GreatPac Holdings Bhd Lye Manufacturing Sdn Bhd Plant & Offshore Technology Sdn Bhd
24 Jan 10 Feb 16 Feb 25 Feb 28 Feb Mar 8 Mar 14 Mar 23 Mar 30 Mar 4 Apr 17 Apr 9-10 May 20 May 20 May 22 May 31 May 8 June 20 June 29 June 5 July Date Title 1 Day Awareness Seminar on Financial Reporting Standards (FRS) 1 Day Awareness Seminar on Financial Reporting Standards (FRS) Enterprise Governance by Mr Robert Jelly Career Profile Workshop CIMA Malaysia Division Risk Budgeting for Strategic Risk Management by Mr David Meow Treasure Hunt & Community Service Project Evaluating the Budget Approach Relevant to Your Organisation by En Wan Haslan Wan Hassan FCMA Crisis Management by Mr Andrew Cheah Accounting for GST and Record Keeping by Mr Robin Chia and Mr Chai Yee Hoi Tax Audit and Investigation by Ms Ong Yoke Yew Branded Customer Service The New Competitive Edge by Mr George Aveling Business Finance Managing Costs and Productivity by Mr Kenny Tay FCMA CIMA Management Accounting Conference (CMAC) 2006 Theme: Beyond Competition CIMA Malaysia Division - Annual General Meeting Chartered Management Accountants (CMA) Night Servant Leadership by En Osman Ibrahim Embracing Marketing for Sustainable Business Value by Mr Jeremy Earl Abrahams An Exposition of Sections 131 to 137 Companies Act 1965 by Mr M Athirathan Intellectual Capital by Professor G. Roland Kaye FCMA Effective Management for Corporate Finance by Mr Lee Fok Chong FCMA Developing Strategic Decision Making Skills by Mr Mark Loo Venue Hilton Hotel, Kuching M.S Garden Hotel, Kuantan Boulevard Hotel, Midvalley CIMA Malaysia Division Grand Plaza Parkroyal Hotel, Kuala Lumpur Klang Valley Cititel Hotel, Midvalley Sheraton Hotel, Subang Boulevard Hotel, Midvalley Boulevard Hotel, Midvalley Boulevard Hotel, Midvalley Boulevard Hotel, Midvalley Nikko Hotel, Kuala Lumpur Petaling Jaya Malacca Cititel Hotel, Midvalley Boulevard Hotel, Midvalley Sheraton Hotel, Subang Kuala Lumpur Boulevard Hotel, Midvalley Grand Plaza Parkroyal Hotel, Kuala Lumpur
CIMA Members Celebrate Their Success A proud moment for the graduates. Mr Chooi Yew Tzen ACMA (right) receiving his scroll from the President of CIMA Malaysia, Mr Y C Lee FCMA. A total of 52 new Passed Finalists, Associates and Fellows of CIMA celebrated their achievement in a grand ceremony on 20 November 2005 at the Prince Hotel and Residence, Kuala Lumpur. Together with families and loved ones, more than 200 people filled the ballroom to join in the joyous occasion. The event was made more memorable by the presence of Mr Robert Jelly, CIMA s Director of Education, and Mr Aruna Alwis, Divisional Manager of CIMA Sri Lanka. The Passed Finalists, Associates and Fellows received their scrolls from Mr Y C Lee FCMA, President of CIMA Malaysia Division. Mr Lee urged CIMA members to improve their soft skills in facing the current global challenges for accountants. He said, The global challenges facing accountants today are numerous and it is important to have the right attitude towards self-development and to be motivated enough to learn new things. Technical skills alone are insufficient; they must be supplemented with soft skills as they add up to the competency of oneself. Develop your soft skills such as communication, leadership, analytical and inter-personal skills. These are crucial in ensuring that you are effective in your jobs and that will lead to greater success in your careers. Mr Lee also reminded CIMA members to remember the sacrifices made by their families and loved ones in their pursuit for success. He said, In your journey to success, there are many who have lent a hand along the way and we must not forget them. They are the ones who gave their support unselfishly; who lent you a shoulder to lean on when the going got tough; who encouraged you when you felt like giving up. The CIMA Membership Graduation and Certificate Presentation Ceremony is an annual event held to celebrate the success of Passed Finalists, Associates and Fellows. CIMA graduates congratulating one another. CIMA Divisional Council members are seated in the front row, with Mr Aruna Alwis (6th from left) and Mr Robert Jelly (7th from left).