HKICPA Workshops: Management Accounting Series (March to April 2016)

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1 HKICPA Workshops: Management Accounting Series (March to April 2016) Regardless of market sector, today s business enterprise is competing in a dynamic, fast-paced, highly-competitive marketplace yesterday s accounting practices will no longer be adequate to secure a sustainable future. Finance team leaders need to move from being scorekeepers to advisors, helping to guide the enterprise decision makers: Management Accounting is more than just generating monthly reports for managers filled with columns of financial data. This series of workshops has been designed to lead participants through the four focus areas that help turning scorekeepers into indispensible business guides. Date/Programme code Time Topic Saturday, 12 March :30 a.m. 12:30 p.m. Strategic Planning and Forecasting for Accountants (W160312S) Thursday, 14 April :30 p.m. 9:30 p.m. Managing the Variances Choosing and Using to Provide Direction (W160414S) Friday, 15 April :30 p.m. 9:30 p.m. Fraud: The Accountant s Role in Its Prevention (W160415S) Saturday, 16 April :30 a.m. 12:30 p.m. The Accountant s Role in Business Process Re-Engineering (BPR) (W160416S) Venue Format Language Hong Kong Institute of CPAs, 27/F., Wu Chung House, 213 Queen s Road East, Wanchai, Hong Kong Workshop English Fee HK$750 for HKICPA member or student; and IA/ HKIAAT member or student (for each workshop) HK$1,500 for non-member Speaker Participants Competency* Rating* W Francis Rowlands, FCMA, MCIM, AMIMI, AAE Executive President, Dragon Business Skills & Development Past Chairman, Global Markets Committee, CIMA Participants who would like to enhance management accounting knowledge from the practical perspective (beyond theoretical) and seek how to apply it in the real world Management accounting Intermediate to advanced level CPD hours 3 (for each workshop) * For descriptions of competency and rating, please refer to the Institute s online CPD Learning Resource Centre. 1130_

2 About the programme W160312S Strategic Planning and Forecasting for Accountants Without clear and effective envisioning, the planning process may not see the storm clouds. From the very first step, the senior management team needs to understand, through internal and external appraisal, its SWOT position as well as having a clear vision of its future. In this workshop, participants will learn how to create effective, practical objectives and build them into a strategic plan. The short, medium and long-term planning concepts will be discussed, including the need to balance resources, strategies and aspirations. Envisioning techniques, which include the following three major management planning tools, will be explained in this workshop. Strategic analysis and choice Strategy formulation and decision making Strategic implementation and monitoring Participants will be able to work through all the key elements necessary to create effective strategic plans. In particular, participants will: Be able to create practical statements of enterprise vision and mission in order to establish a meaningful focus for each budget holder Learn how to apply the techniques of corporate environment and market appraisal Learn about activity forecasting for strategic planning Learn how to select the most suitable planning horizon boundaries W160414S Managing the Variances Choosing and Using to Provide Direction The principles, practices and application of management accounting is one of the key driving forces behind every successful business or organization. Management accountants do not simply provide financial (historical) data for management, but should also be able to interpret, apply and present these numbers in a meaningful way to executives and strategic planners, which is the most essential need in today s fast-moving economic business cycles. There will always be differences between planned results and actual outcomes the variances. To achieve success, business should have powerful, frequent, reliable management information and understand that variances are not just differences but drivers. Participants will learn how to work through the difference between financial differences and variances, and will also learn how to create useful information pack. This workshop will take participants through the enormous field of variance analysis. It will also show how to choose the variances that will help providing direction and control and supporting market growth which are important for business. By going through the true interpretation of variance analysis in this workshop, participants will be able to build the following skills necessary to select and present variances in a comprehensive, yet easily understood manner. Clear and practical methods of obtaining financial and non-financial data, converting it into useful management accounting information to ensure strategy is followed Management reporting and control including the use of the latest dashboard style of presentation to deliver key messages Establish Performance Scorecard as well as create practical KPIs and performance measures that will really help to drive the business forward Understand variance analysis practically and be able to decide what to report and the level of comprehension to be included

3 About the programme W160415S Fraud: The Accountant s Role in Its Prevention Management text book theories do not always describe the real-world risks and threats of commerce. External threats include unscrupulous businesses and opportunists who seek to defraud or take advantage of other organizations. In addition, there are also internally driven threats. Whilst seemingly innocuous, they still have adverse effects on business processes and efficiencies. In this workshop, these challenges and many others will be examined. To protect the organization from fraud, we need to have an eye for the risks we face. In this workshop, the speaker will address 16 of the most commonly found externally driven frauds against businesses as well as the 4 internal frauds that hit efficiency and, if unnoticed, will bring down the company. Participants will learn the latest techniques as prevention measures to protect against further recurrence. Areas of focus to provide warning signs include: External fraudsters Commercial espionage Hackers Bribery and corruption Identity fraud International trade fraud Internal crime Theft of goods Intellectual copyright Time thieves The ethical dimension Dealing with personal attitudes to fraud and corruption Options for handling the dilemma of corporate fraud and corruption W160416S The Accountant s Role in Business Process Re-Engineering (BPR) From 2010 onwards, the business world in every marketplace has changed rapidly. Enterprises are expected to achieve continual performance improvements in order to survive. There is a solution - Business Process Re-Engineering (BPR), which works by seeking improvement in productivity through process (or product/service offering) redesign, innovation and the best aspects of Kaizen techniques. Accountants are best placed to drive improvements and minimize threats. In this workshop, the speaker will examine the benefits of applying BPR techniques to accounting and organizational processes. Supported by exercises and case studies, participants will understand the proven tools and techniques and will apply them in their workplace. Participants will learn the best practice through the application of effective business processes. They will also learn the following skills and techniques for selecting, organizing and implementing a BPR project in their organization. They will be able to see solutions to dysfunctional processes that currently exist and hinder effectiveness, speedy reporting and decision-making. Examine and map core business processes Determine process dysfunction symptoms and their impacts on outcomes Eliminate process duplication and redundancy Determine anomalies in roles and responsibilities

4 About the speaker W Francis Rowlands, FCMA, MCIM, AMIMI, AAE Executive President, Dragon Business Skills & Development Past Chairman, Global Markets Committee, CIMA Mr. Rowlands has more than 15 years of working experience in manufacturing industries, 8 years in the motor industry and over 25 years as a business development specialist across most business sectors. He has been leading the Dragon Business coaching team for 20 years, developing practical, skills-based learning, education and development programmes. He also delivered and led conferences, workshops and seminars to business professionals in Beijing, Brunei, Capetown, Dubai, Hong Kong, Shanghai, Singapore, Malaysia, Qatar, Xiamen and Europe as well as the UK.

5 HKICPA Event Enrolment Form (For Support Programme) Finance & Operations Department, Hong Kong Institute of CPAs, 37/F, Wu Chung House, 213 Queen s Road East, Hong Kong To confirm your CPD booking, just log on to My CPA at Payment & Enrolment Status Enquiry: finance@hkicpa.org.hk Fax : Course Information Enquiry: / cpd@hkicpa.org.hk FOR OFFICE USE Deadline: 7 working days before the date of the programme No. Membership Status No. (1) Full Name of Participant(s) (Block Letters) Company address * (2) (Block Letters) Programme Code Fee (HK$) * address is for enrolment confirmation purpose. Please refer to note (2) for details. I am unemployed and not working. I am planning to rejoin the workforce. The Institute reserves the right to allocate places to enable the enjoyment of more members in this event. The Institute s decision is final. Applicant must submit the enrolment form 10 working days before the event. Total (HK$) Contact Person : Tel No. : Fax No. : Payment Method (Please tick the appropriate box) Cheque (no. ) payable to Hong Kong Institute of Certified Public Accountants or HKICPA (6) VISA / MasterCard BOC HKICPA UnionPay card Card Number: Card Expiry Date (MM/YY): Cardholder s Name (block letters): Cardholder s Signature: Date: I would like to have an official receipt. (Remarks: Official receipt will be sent to your address provided above). Notes: 1. Membership Status: NP = Non-Practising, P = Practising, IA = International Affiliate, S = Student, HKIAAT = HKIAAT Student or Member, GAA = GAA Passport holder, NM = Non-Member. 2. Successful applicants will receive confirmation of registration by at least 3 working days before the event. Unsuccessful applicants will also be notified around the same time. If you have not heard from the Institute regarding your registration 2 working days before the event and if you have other enquiries related to the programme, please make enquiry at or NO ADMISSION TICKET will be issued. Please bring your HKICPA membership card or confirmation for admission purpose. 4. All applications are on a first-come-first-served basis. 5. Application by fax will ONLY be accepted when payment is made by credit card. Cash is strictly not accepted. Please ensure all the particulars relating to payment are completed, otherwise the application cannot be processed. There is NO need to send in the enrolment form again if it has already been faxed to the Institute. 6. Please issue SEPARATE CHEQUE for each event. 7. NO REFUND/CANCELLATION will be entertained after the application is processed. 8. All scheduled events will be cancelled and postponed to a date to be announced in the event of typhoon signal no. 8 or above or if a Black Rainstorm warning is hoisted. For details of bad weather arrangement for CPD programmes, please refer to the Institute s homepage. 9. The Institute reserves the right to change the venue, date, speaker or to cancel the event due to unforeseen circumstances. 10. Your personal data collected from the enrolment process and administration of courses will be used for the purpose of the administration of the course on which you are enrolled. Such data collected may be accessible by the Institute's officers, persons or committees processing the application and related matters. In addition, the Institute may use the collected data for statistical research and analysis and, if applicable, for validation of CPD hours. The Institute intends to use the personal data of your name, address and correspondence address to inform you, where relevant, of CPD activities, members' benefits, goods, services, facilities and events organized or provided by the Institute or other organizations. Members and registered students may opt out of receiving such materials at any time by logging in via the following link Non-members may opt out of receiving such materials at any time by sending an to the Institute at privacyofficer@hkicpa.org.hk or a letter to the Institute's privacy officer. For more information about the privacy policy of the Institute, please go to No unauthorized audio or video recording is allowed at CPD events. For payment by cheque, please fill-in your postal address for refund in case the event is full or cancelled. (Remarks: For payment by credit card, refund will be made directly to your credit card.) Name: Name: Address: Address: