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Read all about the latest CGMA report PLUS... LEADERS IN BUSINESS INTERVIEW Thomas Hunter McGowan Chief Executive of InterTradeIreland TECHNICAL RESOURCE SERVICE Dedicated resource helpine

TECHNICAL - CIMA locations docs/Ireland/CIMA... · CIMA Ireland technical resource service ... CGMA conference on 22 February ‘Integrating risk into ... companies with sales and

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Read all about the latest CGMA report

PLUS...LEADERS INBUSINESSINTERVIEWThomas Hunter McGowanChief Executive ofInterTradeIreland

TECHNICAL RESOURCE SERVICEDedicated resourcehelpine

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NETWORK NEWS | Spring 20131

Message from CIMA Ireland Chair - Alan Flanagan

Leaders in Business - Thomas Hunter McGowan

CIMA Diploma in Islamic Finance

CIMA/BSTAI Junior Certificate Business Quiz

CGMA – Talent pipeline draining growth report

CIMA jubilarians

CIMA Ireland technical resource service

2013 CIMA Global Business Challenge

CIMA student key dates

MSc in Strategic Management Accounting

CIMA achievers

Case study – Niamh Donagh

Upcoming events

Undergraduate CIMA Achievement of Excellence Awards

CIMA Ireland benevolent fund

Masters Gateway revision seminars

Contents2

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CIMA IRELAND5th Floor, Block E, Iveagh Court, Harcourt Road, Dublin 2, IrelandT. RoI: 01 6430400, NI: 02890268490 | F. +353 (0)1 6430401 | E. [email protected]

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Welcome

As we embark on 2013, I would like to take this opportunity to update you on progress.

February marks the first anniversary of the exciting joint venture between our US counterparts the AICPA and CIMA, and the establishment of the CGMA designation. This designation has certainly established management accounting as the most valued profession in business worldwide and I am delighted to report that there are now over 125,000 CGMAs. CIMA now also has 203,000 CIMA members and students across 173 countries. In Ireland we continue our growth trajectory which, at end 2012, saw us reach the 5,000th member threshold that was set as a target at the start of the year.

At the outset of my chairmanship I indicated that our Institute was embarking on a new 2015 strategy, aimed at significantly expanding our student intake and membership base. In doing so I identified four core areas of focus and priority and I am pleased to report on our progress as follows:

Region strategy - The new CIMA Ireland 2015 strategy is now agreed and it will ensure that CIMA Ireland will build on existing platforms and develop new channels and partnerships to deliver enhanced opportunities for the membership. The key strategic themes are based on the CIMA value chain - to acquire, deepen, retain and fulfil – which are underpinned by some key enabling initiatives that focus on high end value added product/ service development, delivering differentiation and relevance for business and the market generally, in particular for those ‘niches’ and sectors that exhibit growth potential for CIMA.

Market profile – building on the platforms created through the CGMA thought leadership initiatives ,we have focused on six overarching themes, including areas such as business ethics, performance management, governance and risk management, finance talent and data analytics. A series of reports, compiled in support of these themes, has informed the forthcoming, inaugural CGMA conference on 22 February ‘Integrating risk into performance reporting’. By leveraging these themes, and the accompanying reports, we are continuing to deepen our relationships across the business landscape, the public and private sectors.

Employer relations - providing employers with talented CIMA qualified resources is central to the Institute’s strategy. In this regard, the CIMA Ireland employer and internship programmes are delivering pipelines of future talent across the island. Employers, representing sectors as diverse as transport, manufacturing, pharma, healthcare, financial services and the public sector, are now engaged with the programmes and are aligning with business schools for access to high caliber CIMA students with potential to help drive and achieve business goals. I am also pleased to announce the appointment of Kevin Gormley as Business Relationship Manager for Northern

Ireland with a remit to expand student recruitment and membership across the province. This appointment underpins CIMA Ireland’s commitment to the network in Northern Ireland.

Network vibrancy - our network across the island of Ireland continues to support the membership, delivering through relevant and timely initiatives, CPD and networking events designed to enhance careers and business opportunities for individual members and students. It is this vibrant grassroots base that enables the all-island network to grow, and also to position CIMA qualified professionals as working at the core of successful businesses and enterprise.

In the context of the network I wish to reiterate my earlier ‘One for one’ call to action which has enormous potential for the membership. At a time when CIMA qualified professionals are now in demand more than ever, quite simply there has never been a better time to be a management accountant. CIMA members occupy leadership positions throughout the private and public sectors and the profession is represented at the highest level across the entire island economy. I would ask you to take a little time to reflect on the Institute’s work, and the potential impact of a simple ‘One for one’ referral from you.

Finally on behalf of the CIMA Ireland board I would like to wish you well in 2013. In the meantime if you would like to comment on any aspect of our business across the island of Ireland, please contact me on email [email protected]

Yours sincerely,

Alan Flanagan FCMA, CGMA

Alan FlanaganCIMA Ireland Chair

A message from CIMA Ireland ChairAlan Flanagan FCMA, CGMA

NETWORK NEWS | Spring 2013 2

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NETWORK NEWS | Spring 20133

A native of Donegal, Thomas Hunter McGowan, Chief Executive of InterTradeIreland began his long career in local government in a temporary position with Donegal County Council in 1978. A short time later he took up a job in the finance department of Dun Laoghaire Corporation. ‘It was around that time that I started studying in UCD at night’ he explains...

‘A big influence on my early career came from studying the

B Comm in UCD. There was an eclectic mix of lecturers including

John Teeling, Brendan Walsh, Des Norton, Moore Mc Dowell and

Frank Roche, all of whom infused a sense of enthusiasm and clear

business focus in their lectures,’ Hunter McGowan recalls. The

degree course covered a five year period to 1982.

He attributes his rise in the ranks to a mix of hard work, ambition

and being able to take a strategic view.

‘In the years after completing my degree I had a number of

promotions and in 1987 I was appointed as Head of Finance in

Cork City Council’ he says. It was the era of Ray (Mac the Knife)

McSharry and cutbacks to local authority funding.

‘It was eleven years on from the abolition of house rates and

I was in the team in charge of voluntary redundancies in Cork.

It was a time of coloured tape on lamp posts to show the ones

which would not be lit,’ he recalls.

The Cork area bore the brunt of recession in the eighties.

Household names like Ford, Dunlop, Sunbeam and Youghal

Carpets closed their doors with thousands of job losses.

The closure of the B&I Line between Cork and Swansea in late 1988 was viewed with great concern by the local tourism industry and the Cork local authorities.

By 1990 a joint venture between the local authorities in Cork and Swansea was granted £500,000 by then Taoiseach Charlie Haughey.

Thomas was given 24 hours to accept a job as chief executive of the Swansea Cork Ferries which made a small profit of £180,000 in its first year of service. Oil prices at the time were $8 a barrel.

In 1991 the company made a £1m profit and repaid the £500,000 loan.

On secondment he was spending six months a year running the

ferry company and six months in Cork City Council.

This was to change abruptly.

‘The company was sold to a Greek shipping company in September 1992 and I returned to City Hall’ he says.

Strintzis Lines had a significant presence in the Greek shipping market operating ten passenger ships and were listed on the

Greek Stock Exchange.

Leaders in Business

For students, the

CIMA qualification is quite

rightly highly respected and

increases your employability

by multiple factors.

Interview by business journalist, Jim Aughney.

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NETWORK NEWS | Spring 2013 4

‘In early 1993 I was asked by Strintzis to come and work with them full

time as managing director which I accepted. The relationship was very

successful and the Greeks had a vast knowledge of shipping practice.

There was a steep learning curve and my activities spanned engineering,

marketing, finance and human resources’.

Every second board meeting was conducted in Greek and often started

off with six people and ended with over 20 as shareholders and family

members became involved.

‘The people at Strintzis were the best negotiators I ever met and were

open to new ideas. We were highly innovative in our business processes.

Swansea Cork Ferries had 200 employees between ship and shore staff

and with the abolition of duty free planned for 1999 the Greeks wanted

to exit the market’, he explains.

Hunter McGowan led a £4.5m MBO of the company in 1998 and

ended up as the principal shareholder.

The abolition of Duty Free reduced average revenue per passenger from

£20 to £1.25 but through trial and error of 900 different lines, average

revenue grew to £12 a head.

The company was wound down in 2008 following the sale of the 33

year old Superferry to an Egyptian buyer and the collapse of a linked

venture capital deal to purchase a new ship from Norway.

‘I then moved to Kildare County Council as Director of Finance. The

major priority at that time was balancing the budget and effecting

efficiency savings. Drawing on my experience in Kildare, I was then

seconded to the Department of the Environment to assist the Local

Government Efficiency Review Group (LGERG). The group published

its report in July 2010 and earmarked savings of €511 million to be

achieved.

‘The new government took office and a project management office was

set up to implement the recommendations under the diligent eye of

Ray O Dwyer. I assisted the group in benchmarking the progress made

to the end of 2011 which came to a remarkable €800 million plus’,

Hunter McGowan explains.

‘With further savings being driven by the project management office,

the total is now likely to exceed €1 billion from an original spend of

€5 billion,’ he says.

He believes the role of local government is changing rapidly and needs

strategic refocusing, as it still has an important role to play in Irish life.

‘Recent developments have been significant as powers and functions

are being moved from the sector.’ he says.

Local authorities no longer build houses but lease from the private sector,

the repair and maintenance of motorways and national roads is now

carried out by the National Roads Authority, the entire functions for

water supply and waste water treatment will be transferred to Irish Water,

the collection of domestic refuse is now operated by the private sector.

The processing of higher education grants has been transferred to

Student Universal Support Ireland (SUSI). Finally the issuing of driving

licences has been transferred to the Road Safety Authority.

The government’s recent policy paper on local government envisages

an enhanced role for local authorities in economic development and

enterprise support.

In early 2012 the post of Chief Executive of InterTradeIreland was

advertised which had requirements that closely mirrored his skillset and

experience. Hunter McGowan describes his current role as…..’providing

the leadership, vision and strategic direction to InterTradeIreland

to effectively promote North-South trade, innovation and business

development’.

‘InterTradeIreland has consistently met and exceeded our goals. We

have provided advice and assistance to over 25,000 companies to date,

generating c. €725m worth of trade and business development value’

he says.

The recession has had a severe impact on SME’s and the demand for

InterTradeIreland programmes has risen.

‘We carry out an all-island Quarterly Business Monitor survey every

quarter and have introduced new programmes in response to what

companies are telling us. The Elevate and Challenge programmes assist

companies with sales and innovation and have achieved tremendous

success’ he says.

‘Our most recent Business Monitor survey shows that 43% of SME’s

are either in survival mode or in the process of winding up. This is a

grim background but our programmes in sales and technology transfer

will have a meaningful impact in assisting companies to improve their

position through increased capabilities which we embed in them. We

also assist companies in competing for public procurement contracts

and have run a very successful series of ‘Meet the buyer’ events last

year with more planned for 2013,’ he explains.

Hunter McGowan took his CIMA exams while he was running Swansea

Cork Ferries. ‘I got the text books, studied them and took the exams’ he

says. This included achieving eighth place overall in the country in one

of the final subjects.

He is a strong believer in the importance of CIMA.

‘For students, the CIMA qualification is quite rightly highly respected

and increases your employability by multiple factors. So I advise

students to stick with it, don’t give up if you have reservations because

the benefits will outweigh the effort you are making now. For members

anything worth achieving is rarely done easily’, he concludes.

‘Thomas was given 24 hours to accept a job as chief executive of the Swansea Cork Ferries which made a small profit of £180,000 in its first year of service.’

‘Our most recent Business Monitor survey shows that 43% of SME’s are either in survival mode or in the process of winding up.’

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Due to Ireland’s increasing importance as a

Western hub for Islamic finance, CIMA is pleased

to announce the commencement of its next

CIMA Diploma in Islamic Finance blended

learning tuition programme in February with

more courses scheduled for later in the year.

This programme will include input from leading Shari’ah academics. CIMA’s blended tuition package includes:

• Initial kick-start session

• Online and hard copy study materials

• Ongoing access to a web based, tutor monitored ‘CDIF discussion forum’

• Revision seminars in Dublin with input by leading Shari’ah academics

• One accounting tutorial seminar

The CDIF qualification will be awarded upon successful completion of four individual certificates:

1. Islamic Commercial Law

2. Islamic Banking and Takaful

3. Islamic Capital Markets and Instruments

4. Accounting for Islamic Financial Institutions,

CDIF graduates will also become full members of CIMA Ireland’s ‘IF Alumni Association’, a vibrant local network of CDIF graduates that is connected, via CIMA, to over 1,000 CDIF graduates, the majority of whom are professionals working in the IF arena throughout the world.

Seminar dates:

Students who have enrolled on this course represent a wide variety of backgrounds from sectors as diverse as aviation, telecommunications, public service, manufacturing, advisory, legal, banking and FDIs. In developing the CDIF, CIMA has worked closely with the International Institute of Islamic Finance Inc. to provide a relevant and highly applicable qualification.

Should you require any further details or if you or a colleague would like to register for the CDIF please contact CIMA Ireland office at:

T. +353 (0)1 643 0400 | E. [email protected]

Gain the CIMA Diploma in Islamic Finance in just four months

Certificate in Islamic commercial law 21 March

Certificate in banking and takaful 18 April

Certificate in Islamic capital markets 16 Mayand instruments

Accounting tutorial 30 May

Certificate in accounting for Islamic 13 Junefinancial institutions

Module Date

‘This course is a must for those pursuing a career in Islamic finance and I highly recommend it.’ Fiachra Farrell, Treasury Specialist

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NETWORK NEWS | Spring 2013 6

The international gold standard in tax

www.taxinstitute.ie [email protected] +353 1 6631748

Location: Summer course o� ered in Dublin only

Register: Online at www.taxinstitute.ie

Commencing: April 2013

Exemptions: CIMA members are exempt from 3 out of 4 papers of AITI Fundamentals: Part 1. CIMA students who have completed the CIMA certifi cate level exams are eligible for exemptions from our law and accounting modules

Study options: Lectures take place at weekends only and students can select from 2 courses and 2 examination sittings per year. Online option available

A World of OpportunityJoin over 27,000 Chartered Tax Advisers (CTA) working globally in tax

> The employment rate among recently qualifi ed AITI Chartered Tax Advisers (CTA) is 97%

> Flexible course options allow participants to qualify at a pace that suits them

> Ireland’s leading professional services fi rms educate their people through the Irish Tax Institute

> A blended approach to tax learning including real life case-studies and professional skills workshops

Summer Course

Enrolling Now

CIMA Advert AITI_jan.indd 1 18/01/2013 15:58:48

The national finals of the CIMA/Business Studies

Teacher Association of Ireland (BSTAI) will take place

at LIT in Tipperary on Wednesday 10 April 2013.

This is the second year of the competition, which

following on from the success of the inaugural year,

attracted a lot of interest from schools.

A total of 213 teams representing 122 schools took part in the

regional competitions. Regional finals took place across the

country in the Autumn and were supported by Spar who provided

goodie bags for all participating teams.

Members of the overall winning team will each receive an iPad

whilst the individual team members of those placed second and

third will each receive €150 and €125 iTunes vouchers respectively.

National finals of CIMA/BSTAIJunior Certificate business quiz

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Global survey reveals failure to manage talentis having a negative impact on competitiveness

NETWORK NEWS | Spring 20137

The CGMA report, Talent pipeline draining growth: Connecting

human capital to the growth agenda, reveals that the financial

performance and growth prospects of many businesses are being

blighted by their failure to make the most of their human capital.

The survey of more than 300 CEOs, CFOs and HR Directors

highlighted that over two fifths (43%) of respondents partially

attributed the failure of their firms to achieve key financial targets to

ineffective people management, whilst almost the same proportion

(40%) say it has reduced their company’s ability to innovate.

ResponsibilityThere is also a significant disconnect at the senior management level

with regards to talent development as many business leaders do

not agree on where the responsibility for measuring a firm’s talent

management strategy lies.

An overwhelming proportion of HR directors (83%) believe it is their

remit yet conversely less than 30% of CEOs and CFOs agree. This

hinders effective decision making in key areas such as workforce

skills, training and qualifications. For example 77% of CEOs

advocated cutting investment in these areas in the next 18 months,

but only 18% of HR directors agreed.

The survey was carried out by the Economist Intelligence Unit (EIU)

on behalf of CIMA and the American Institute of Certified Public

Accountants (AICPA).

Charles Tilley FCMA, CGMA, Chief Executive, CIMA, said:

‘This worrying boardroom divide threatens to destabilise sustainable

growth by allowing the best talent to slip away. It is vital that

organisations embed a robust human capital strategy within the

wider business plan and develop appropriate metrics and KPIs that are

subject to the same level of scrutiny as financial data.

‘In order to do this, business leaders need to receive the right

information which can be translated into actionable insight. This is

pivotal to effective decision-making and there must be clarity on

responsibility, accountability and ownership for the talent within all

our businesses. CGMAs have the ability to unite financial facts and

non-financial information to provide this insight from a position

of independence and objectivity. They can help organisations to

create closer collaboration at the executive and operational levels –

especially between finance and HR.’

Arleen Thomas CPA, CGMA, Senior Vice President – Management

Accounting, AICPA, said:

‘Ideas are the currency of the knowledge economy so human capital

must be managed as rigorously as financial capital. It is clear from

our research that many companies are falling short of their potential

because they lack thorough, relevant information about their people

to support effective strategy, hiring and training decisions.’

‘CGMAs can bridge this gap, combining broad perspective and

analytical rigor to ensure the right focus and metrics that align talent

management with business strategy.’

Agenda for changeIn order to stay competitive and grow in today’s challenging and

volatile business environment, Talent pipeline draining growth:

Connecting human capital to the growth agenda calls for business

leaders and organisations to:

• Embed human capital strategy within the wider overall business strategy - develop relevant human capital metrics and KPIs aligned to support and implement the wider strategy. The measurement and performance management of such metrics need to come under the same level of scrutiny, focus and controls for both accuracy and relevancy as other key data such as financials.

• Focus on getting the right information and translating to actionable insight - develop trust in the available data via credible, accurate human capital information. Data needs to be analysed and translated into relevant and actionable information and insight to provide more effective decision support.

• Leverage the relevant skill set for credibility and actions - ensure there is clarity on responsibility, accountability and ownership for human capital performance management. Firms should look to use unique management accounting skills in uniting financial facts and non-financial information to provide insight from a base of independence and objectivity.

• Structure the organisation to ensure alignment of human capital to business strategy - proactively structure for closer collaboration at the executive and

operational levels, especially partnering between finance and HR.

‘CGMAs can bridge this gap, combining broad perspective and analytical rigor to ensure the right focus and metrics that align talent management.’ with business strategy.’Arlene Thomas, Senior Vice President, AICPA

The report is available at: www.cgma.org/Resources/Reports/Pages/talent-pipeline-draining-growth.aspx

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NETWORK NEWS | Spring 2013 8

CIMA half day conference CIMA Ireland is to hold a half day conference on Friday 22 February 2013 entitled ‘Integrating risk into performance reporting’. The conference, which is sponsored by Deloitte, will explore the interface between performance management, risk management, company strategy and enterprise governance and will address the theme from industry/corporate, regulatory and academic research perspectives.

The academic research session will be delivered by Regine Slagmulder, Professor of Accounting and Control at Vlerick Leuven Gent Business School, Belgium. Prof Slagmulder is author of the CGMA ‘Integrating risk into performance’ report and has a particular expertise in performance and risk reporting. She will present an overview of companies’ practices in performance and risk reporting to the board of directors and analyse the content and level of sophistication of management reporting to the board, and the determining factors such as board involvement in the company’s strategy process.

The regulatory session will be delivered by Ian Drennan, Director of Corporate Enforcement. He will present on how the ODCE’s regulatory and compliance activities seek to support and encourage the adoption of a ‘due diligence’ approach to performance/risk management in companies and the importance of reporting on same to the board of directors in a robust and timely manner.

Cameron Marr, Chief Risk Officer and Executive Director of KBC Bank Ireland will present on the corporate perspective. Marr has worked across KBC Group in a number of positions and in 2009, joined KBC group’s head office in Brussels as the head of the project management office for the merchant banking business unit to assist in implementing KBC’s strategic refocus.

Sheamus Causer, Director - Enterprise Risk Services at Deloitte, will host a session on building a risk intelligent organisational culture that keeps risk and opportunity in balance.

This will be an important forum and will be attended by senior figures from the legal, financial and business sectors. The delegate fee is €50. Booking link can be found at www.cimaglobal.com/irelandevents

Conference programme:

9.00am: Registration

9.30am: Opening address, Alan Flanagan, Chair, CIMA Ireland

9.35am: Cameron Marr Chief Risk Officer and Executive Director of KBC Bank Ireland

10.20am: Prof Regine Slagmulder, Professor of Accounting and Control at Vlerick Leuven Gent Business School

11.10am: Break and photography

11.30am: Ian Drennan, Director of Corporate Enforcement

12.15pm: Sheamus Causer, Director - Deloitte

1.00pm: Q and A

The report is available at: www.cgma.org/Resources/Reports/Pages/integrating -risk-into-performance.aspx

CIMA celebrates its JubilariansCIMA Ireland held a special event to celebrate and commemorate its Jubilarians. Pictured celebrating their 50th anniversary as members of CIMA with Alan Flanagan, FCMA, CGMA were John Regan, Éamonn Ó Flannagáin, Arthur Jordon

and Joseph Peelo.

YEARS OF CIMA MEMBERSHIP

CIMA IRELAND

The Jubilarians

sponsored by

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NETWORK NEWS | Spring 20139

CIMA Ireland is delighted to announce the

launch of a new technical resource service for

its members. This is the latest resource to be

introduced by CIMA to assist members with key

technical issues that impact on their daily roles.

The service incorporates both:

• dedicated query helpline for all members, and

• technical resource centre for members in practice.

This is a fee based service available to both industry based CIMA

members and members in practice (MIPs) and is provided in

conjunction with OmniPro, Ireland’s largest independent solution

provider for accountants.

Initially the service will be available to members in the Republic of

Ireland, however this will be extended to include Northern Ireland

based CIMA members over the coming months.

Why would I use this service?How often have you been unsure of the treatment of an unusual

financial transaction or, what about complex tax planning issues that

your client has raised with you? Even the most experienced and

knowledgeable accountants may find themselves faced with issues

and queries which lie outside their direct areas of expertise.

As a management accountant working in industry or, as a member in

practice, keeping fully versed and technically proficient with all the

latest developments is a daunting and sometimes impractical task.

The query helpline has been designed to provide access to industry

leading expertise across a wide range of technical areas including

financial reporting, taxation, company law, HR and employment law

amongst others.

Once signed up for the query helpline you can rest assured knowing

that when an issue arises you have a team of experts on the end of

the phone who can provide you with a timely and practical solution.

Recent changes to the audit exemption threshold have obviously

created many new opportunities for CIMA members in practice. How

do you ensure that you can provide accurate and timely advice to

your clients and add real value to your practice?

CIMA Ireland has undertaken extensive research and analysis into

members’ technical requirements, with the aim of providing the

most comprehensive and cost effective solution for its members.

How will this new service benefit me? • Free up valuable time with efficient turnaround

for your queries and issues encountered

• Support and advice for all CIMA members

• Practice support for members in practice

• Access to a dedicated taxation helpline

• Assistance with company law/company secretarial issues –

especially helpful with imminent changes to Irish company law

• Ensure no problems are encountered with the imminent changes

to the UK and Ireland financial reporting regime

• Rapid response to any HR or employment law issues

• Practical advice on investment business and anti-money

laundering

How can I avail of the service?

This new technical resource service, tailored to CIMA members,

provides direct access to a technical expert, ensuring a priority

response to your query, either by telephone or email. Prices for the

CIMA query helpline start at €350 per year for a two hour time block.

The technical resource centre for accountants in practice is available

from €197 annually. For further information, please visit

www.cimaglobal.com/omnipro

Other technical resources to assist our members include…CIMA Ireland technical resources web area

In 2012 a new ‘technical resources section’ was launched by CIMA

Ireland. This dedicated resource, located within the members’ area of

the CIMA Ireland website, contains updates and key developments in

areas such as financial and management accounting, company and

employment law and taxation, which affect all our members. This

also incorporates many thought leadership publications, issued by

CIMA across a variety of topic areas.

In addition, a ‘Business news’ section has also been included,

providing up to date news stories and commentary on business

issues, particularly relating to the SME sector in Ireland. For further

details on these, please visit

www.cimaglobal.com/technicalresources

Alliance with Irish Tax InstituteCIMA Ireland recently announced a new alliance with the Irish Tax

Institute (ITI). Taxation issues have a significant impact on most

business decisions and CIMA members now have direct access to

taxation CPD, through tax seminars, publications and updates from

the ITI. Members also have the opportunity to study towards one of

the highly valued taxation qualifications offered by the ITI, with some

exemptions available for qualified CIMA members. To find out more

about this exciting new initiative, visit www.taxinstitute.ie/cima

CIMA Ireland launchestechnical resource service

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NETWORK NEWS | Spring 2013 10

Ambitious business students across the island of

Ireland will have the opportunity to gain global

exposure and business skills for the future, courtesy

of the CIMA Global Business Challenge (GBC).

The Irish final of the Global Business Challenge will take place at IT

Tallaght on Saturday 8 June 2013 where the best of the Irish business

schools will compete for a place at the global final in South Africa

where they will pit their skills against 25 other regions for the title of

global champions. Each team will be expected to analyse, report and

present on a CIMA case study. Last year Queens University Belfast

were the all Ireland champions and went on to participate at the

global finals in Sri Lanka.

The 2013 CIMA GBC, which is being held in partnership with

Barclays, is an international business management competition

open to full time undergraduates of public and private colleges

and universities. The competition is designed to bring out the best

in potential young business leaders. It provides students with a

fantastic opportunity to test their financial knowledge and expand

upon their competitive ability. In addition, it has previously led to

internship opportunities from well-known organisations.

Deepesh Lad, FCMA, CGMA Finance Chief Operating Officer, Barclays

Asia Pacific, stated:

‘Barclays supports the CIMA GBC as global headline sponsor because

the programme helps to give students firsthand experience of

dealing with real challenges faced by global organisations today.

These experiences significantly enhance business skills among its

participants which is extremely valuable to any firm and something we

want to provide our full backing to.’

The teams taking part will come from Australia, Bangladesh,

Mainland China, Ghana, Hong Kong, India, Indonesia, Ireland,

Malaysia, the Middle East, Nepal, New Zealand, Pakistan, the

Philippines, Poland, Russia, Singapore, South Africa, Sri Lanka, the UK,

Vietnam, Zambia, Myanmar, Zimbabwe and Thailand.

Fiona Arnold, CIMA Ireland Student Recruitment Manager, said:

‘After the phenomenal success of last year’s competition which was

extended to Northern Ireland for the first time, CIMA Ireland is hugely

excited to launch its fifth regional final. Many of the world’s most

respected business leaders qualify with CIMA. We currently have over

203,000 members and students in 173 countries and 8,000 across the

island of Ireland. As such the competition represents a real opportunity

to showcase the global business leaders of the future.’

Irish students to become theglobal business leaders of the future

‘After the phenomenal success of last year’s competition which was extended to Northern Ireland for the first time, CIMA Ireland is hugely excited to launch its fifth regional final.’Fiona Arnold, CIMA Ireland Student Recruitment Manager

Page 12: TECHNICAL - CIMA locations docs/Ireland/CIMA... · CIMA Ireland technical resource service ... CGMA conference on 22 February ‘Integrating risk into ... companies with sales and

NETWORK NEWS | Spring 201311

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Closing date for May professional exam entry (5pm)

Closing date for May T4 extra exam entry

Deadline to apply for additionaltime for May T4 extra exams

March extra exam results released

Closing date for late entries, changes, fees and extra time for May professional exams (5pm)

Spring bank holiday

Good Friday

New Year’s Day

Bank Holiday (Scotland only)

Easter Monday (excl. Scotland)

Summer bank holiday (Scotland only)

Summer bank holiday (excl. Scotland)

Early May bank holiday

Christmas Day

Boxing Day

St Andrew’s Day (Scotland only)

May T4 extra exam results

Exam entry opens for November professional exams

May exam results

Closing date for September extra exam entry

November 2012 exam results released

Closing date for November professional exam entry

Closing date for late entries, changes, fees and extra time for November professional exams (5pm)

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Deadline to apply for additional time for November T4 extra exam entry

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available for downloading

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available for downloading

– September extra exams

w/c 14thAdmission advice available for downloading – November professional exams

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Admission advice available

for downloading – November

T4 extra exams

Pre-seen T4 material for September and November exams available

w/c 11thAdmission advice available for downloading – March extra

Pre-seen T4

material for

March and May

exams available

Pre-seen strategic material for November and March 2014 exams available

Pre-seen strategic

material for May

and September

exams available

Key dates to plan your success in 2013

www.cimaglobal.com/study2013Please be aware these exam dates/deadlines may change. Please visit www.cimaglobal.com/study2013 for further details.

Always eat breakfast

It boosts your metabolism and keeps

your sugar levels balanced which means

you can concentrate for longer

You’ve got mail! Don’t forget to check your inbox every other month for our global CIMA student magazine, Velocity. Sign up at www.cimaglobal.com/velocity

Make the most of your break time

and strengthen your mental and

physical health with a yoga session

Relax your mind Sleep moreZZZZ

Z

Aim for eight hours of deep sleep to

feel refreshed and ready... for anything!

(including exams)

Make the most of

procrastinating

Share your tips, advice

and thoughts on our

CIMA UK facebook page

www.facebook.com/cimauk

Pssst...You can get loads of information to help you prepare for your CIMA exams online. Check out www.cimaglobal.com/study2013

Key dates to plan your success in 2013

Page 13: TECHNICAL - CIMA locations docs/Ireland/CIMA... · CIMA Ireland technical resource service ... CGMA conference on 22 February ‘Integrating risk into ... companies with sales and

NETWORK NEWS | Spring 2013 12

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Professional extra exams

Professional extra exams

Professional extra exams

Professional extra exams

Professional extra exams

Closing date for May professional exam entry (5pm)

Closing date for May T4 extra exam entry

Deadline to apply for additionaltime for May T4 extra exams

March extra exam results released

Closing date for late entries, changes, fees and extra time for May professional exams (5pm)

Spring bank holiday

Good Friday

New Year’s Day

Bank Holiday (Scotland only)

Easter Monday (excl. Scotland)

Summer bank holiday (Scotland only)

Summer bank holiday (excl. Scotland)

Early May bank holiday

Christmas Day

Boxing Day

St Andrew’s Day (Scotland only)

May T4 extra exam results

Exam entry opens for November professional exams

May exam results

Closing date for September extra exam entry

November 2012 exam results released

Closing date for November professional exam entry

Closing date for late entries, changes, fees and extra time for November professional exams (5pm)

September extra exam results released

Closing date for November T4 extra exam entry

Deadline to apply for additional time for November T4 extra exam entry

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T4 extra exam

Professional exams

T4 extra exam

Professional exams23

Deadline to apply for additional time for September extra exam entry

27

31

30

29

28

21

2

w/c 6th Admission advice available for downloading – May T4 extra exams

w/c 15th

Admission advice

available for downloading

– May professional exams

w/c 12th

Admission advice

available for downloading

– September extra exams

w/c 14thAdmission advice available for downloading – November professional exams

w/c 4th

Admission advice available

for downloading – November

T4 extra exams

Pre-seen T4 material for September and November exams available

w/c 11thAdmission advice available for downloading – March extra

Pre-seen T4

material for

March and May

exams available

Pre-seen strategic material for November and March 2014 exams available

Pre-seen strategic

material for May

and September

exams available

Key dates to plan your success in 2013

www.cimaglobal.com/study2013Please be aware these exam dates/deadlines may change. Please visit www.cimaglobal.com/study2013 for further details.

Always eat breakfast

It boosts your metabolism and keeps

your sugar levels balanced which means

you can concentrate for longer

You’ve got mail! Don’t forget to check your inbox every other month for our global CIMA student magazine, Velocity. Sign up at www.cimaglobal.com/velocity

Make the most of your break time

and strengthen your mental and

physical health with a yoga session

Relax your mind Sleep moreZZZZ

Z

Aim for eight hours of deep sleep to

feel refreshed and ready... for anything!

(including exams)

Make the most of

procrastinating

Share your tips, advice

and thoughts on our

CIMA UK facebook page

www.facebook.com/cimauk

Pssst...You can get loads of information to help you prepare for your CIMA exams online. Check out www.cimaglobal.com/study2013

Page 14: TECHNICAL - CIMA locations docs/Ireland/CIMA... · CIMA Ireland technical resource service ... CGMA conference on 22 February ‘Integrating risk into ... companies with sales and

The UCD Michael Smurfit Graduate School of Business has introduced a

one year full time MSc in Strategic Management Accounting developed

in close association with the Chartered Institute of Management

Accountants commencing September 2013. The Smurfit Business

School is now receiving applications for the 2013 student intake.

The full time MSc programme is built on the successful two year part

time programme and provides graduates with a distinct competitive

edge that will stand to them throughout their business career as

well as opening up career opportunities. Specifically, it is designed to

address issues of strategic importance to businesses in Ireland, with

syllabus and content providing a framework allowing programme

participants to analyse management accounting and performance

management tools, techniques, ‘best practices’, and innovations

within the context of the strategic management of their business,

and with a view to adding tangible value for their employers.

The MSc in Strategic Management Accounting is closely aligned with

the CIMA professional qualification. In addition to graduating with

an MSc in Strategic Management Accounting from UCD Michael

Smurfit Graduate Business School, successful programme graduates

will fast track to completing the CIMA professional qualification by

gaining full exemptions from the CIMA operational, management

and strategic level exams and progress directly to the Institute’s final

Test of Professional Competence (T4B).

Since its introduction the MSc has attracted participants from

diverse employment backgrounds including: Allianz (Darta Life);

Allied Irish Banks; Certus; Connemara Seafoods; Deloitte; Delph

Ltd; FFA, Chartered Accountants; Health Service Executive; Intel;

Microsoft; Oracle; PricewaterhouseCoopers; Pfizer; Procter & Gamble;

Teleflex Medical Europe; and WDA, Chartered Accountants.

If you or some of your colleagues are considering applying for the

MSc, or if there is any aspect of the programme that you wish to

discuss, please contact UCD Smurfit School at:

E. [email protected] | T. +353 (0)1 716 8885

Full details at www.smurfitschool.ie/sma

NETWORK NEWS | Spring 201313

Mr. Kevin Gormley from Eglinton, Derry has been appointed

Business Relations Manager (BRM) with CIMA Ireland. Mr. Gormley

joins CIMA from Kofax, where he was manager of Software and

BPM (Business Process Management) Solutions. Prior to that he

was sales manager at Ignition Team, a subsidiary of Singularity Ltd.

In his role as CIMA Ireland BRM for Northern Ireland, Mr. Gormley

will be responsible for driving CIMA’s relationships with the business

community in Northern Ireland and for strengthening CIMA’s

position as the leading qualification for accountants in business.

CIMA Ireland appoints Business RelationsManager for Northern Ireland

Kevin Gormley

New full time MSc in Strategic Management Accounting

Page 15: TECHNICAL - CIMA locations docs/Ireland/CIMA... · CIMA Ireland technical resource service ... CGMA conference on 22 February ‘Integrating risk into ... companies with sales and

Don’t forget to pay your CIMA subs!Don’t forget CIMA subs are now due so make sure to renew your subscription and

stay with CIMA for 2013.

CIMA students and members are already on a career path which will equip them with

the skills and qualifications to become a financially qualified business leader.

The globally recognised CIMA qualification provides both an international

passport to success and marks people out as an individual of ability

and integrity.

Keep your career on track and continue your journey to success.

Renew online in your MyCIMA account or phone

+353 (0)1 643 0400 /+44 20 8602 0861

NETWORK NEWS | Spring 2013 14

Congratulations to CIMA achievers!

CIMA achievers

Congratulations to all CIMA students on their exam results and outstanding performances. Below are some of the highlights from the November 2012 sitting.

Robert Flanagan, Senior Consultant with Deloitte, was placed overall first in the Republic of Ireland in the T4B exam, for the results of three exam sittings spanning the September 2012 pc sitting, the November 2012 pc and the November 2012 paper sittings. Robert was also placed joint 12th in the world for this exam. 51 students sat the paper in the ROI of which 31 passed, giving a 61% pass rate outperforming both the UK and the global pass rates.

At the November 2012 exam sitting, John Urwin who is from Foxrock, Co Dublin achieved third in the world and first in the RoI for the Masters Gateway, whilst Tina Joynt from Swords Co Dublin, came 7th in the world and first in Ireland for F2 Financial Management.

Hilary Marshall from Belfast achieved first place in Northern Ireland for T4B at the November 2012 sitting. Simon Toland achieved first in Northern Ireland for both F1 and P1, whilst Catherine Doone came joint first in F3 Financial Strategy and also first in Northern Ireland for P3 Performance Strategy.

At the previous exam sitting in May 2012, Olivia Naughton achieved first in the world for P3 Performance Strategy; Mark Mercer second in the world for E2 EnterpriseManagement and Hilary Marshall from Belfastsecond in the world for P3 Performance Strategy.

Three CIMA students achieved the top world class rankings in their professional exams in May 2012. Pictured with Alan Flanagan, CIMA Ireland Chair are Olivia Naughton, first in the

world for Performance Strategy; Mark Mercer second in the world for Enterprise Management and Hilary Marshall second in the world for Performance Strategy.

Page 16: TECHNICAL - CIMA locations docs/Ireland/CIMA... · CIMA Ireland technical resource service ... CGMA conference on 22 February ‘Integrating risk into ... companies with sales and

NETWORK NEWS | Spring 201315

Niamh is a manager with management

consulting practice Accenture, with a

focus on the products industry. Niamh

has a degree in Industrial Engineering and

Information Systems from the National

University of Ireland, Galway (NUIG).

As a student, under the Laing O’Rourke scholarship programme, she completed an internship in construction management in London. Since completing the CIMA Certificate in Business Accounting, Niamh has been promoted where she is more involved in pricing and managing project budgets.

Why CIMA?Coming from an engineering background but working in business management I realised that understanding financial management would be important to my progression. The key was to find a reputable course, with flexible study options. CIMA was consistently recommended by my peers. In particular the CIMA Certificate in Business Accounting appealed as a course to provide a basis in management accounting and a good platform for further study for those coming from a non-financial degree.

How has the certificate supported your work?The certificate has helped with the financial element of my role

including budgeting mechanisms for costing and variance analysis.

My role includes quantifying financial benefits, costing proposed

changes and developing investment cases. I now have a better

understanding of the overall impact of changes in terms of business’

cash flow, cost control and planning.

How did you find studying for the CIMA exams?I had to manage my time more effectively while working full time to study efficiently and this was a valuable skill that is not limited to the certificate. I used the online study resource and found the assessments at the end of each section very helpful in preparing for the exams which are also computer based. The classroom revision session for some modules brought the content to life for me.

Would you encourage others to sit the CIMA Certificate in Business Accounting?In my view if would be of benefit to any business for their employees

to understand the drivers of revenue, costs and profits and how they

are calculated and measured. Courses such as the CIMA certificate

are a first step in gaining this understanding and can be a good

foundation to build on.

Is CPD important to you?Yes, all professionals should keep their skills fresh and relevant to

the market place through continuous learning whether that is in the

form of formal training, industry groups or other avenues. CPD is a

vital part of building the skills for career progress.

Would you consider pursuing the CIMA professional qualification?This is something I am considering as I can see the benefit that it

would have for my career in providing further insight into business

management and decision-making.

Case studyNiamh Donagh, BSc Industrial Engineering and Information Systems, NUI Galway

Industrial Engineer, MIEI, Manager in Management Consulting, Accenture

‘CIMA was consistently recommended by my peers. In particular the CIMA Certificate in Business Accounting.’

Page 17: TECHNICAL - CIMA locations docs/Ireland/CIMA... · CIMA Ireland technical resource service ... CGMA conference on 22 February ‘Integrating risk into ... companies with sales and

NETWORK NEWS | Spring 2013 16

Understanding

financial management

is important

to my career

progression .

Page 18: TECHNICAL - CIMA locations docs/Ireland/CIMA... · CIMA Ireland technical resource service ... CGMA conference on 22 February ‘Integrating risk into ... companies with sales and

For the 2013|2014 Academic Year the School of Professional Finance is accepting applications for the following taught postgraduate qualifi cations:

• Executive Masters in Risk Management• MSc in Financial Services• Graduate Diploma in Financial Planning• Graduate Diploma in Financial Services• Professional Certifi cate in Accounting for Financial

Instruments• MSc Sustainable Investment and Finance

Interested in fi nding out more?

Email: [email protected] | Phone: 01 6116500

www.bankers.ie/postgrad

The School of Professional Finance

The Institute of Bankers School of Professional Finance is a recognised school of University College Dublin, affi liated with the UCD College of Business and Law

Page 19: TECHNICAL - CIMA locations docs/Ireland/CIMA... · CIMA Ireland technical resource service ... CGMA conference on 22 February ‘Integrating risk into ... companies with sales and

All IrelandCIMA half day conference on ‘Integrating risk into performance reporting’ Friday 22 February 20139.00am-1.30pmCIMA Ireland office, Dublin

Cork and KerryCork and Kerry annual dinnerSaturday 23 March 2013 7.30pm drinks, 8.00pm dinnerMaryborough House Hotel, Cork

Presenting for successWednesday 10 April 20136.00pm registration, 6.30pm presentationMaryborough House Hotel, Douglas, Cork

Dublin and districtLean six sigma Tuesday 5 March 20136.00pm registrationCIMA Ireland office, Dublin

Making strong connections through superior presentation and networking skills Wednesday 17 April 20136.00-6.30pm registration CIMA Ireland office, Dublin

Mid westNew beginnings - assessing your career optionsSaturday 9 March 20138.30am-5.00pmSouthern Advertising, Catherine Place,

Limerick City

Northern IrelandHow to get your message through with public speakingThursday 28 February 20136.00pm for 6.30pmHoliday Inn Hotel, Ormeau Avenue, Belfast

Excel course B - Belfast20 March 20135.30-8.00pmMullan Training, 1st Floor, Blackstaff Studios, 8 - 10 Amelia Street, Blackstaff Square, Belfast, BT2 7GS

PowerPoint course A - Belfast11 April 20135.30-8.00pmMullan Training, 1st Floor, Blackstaff Studios, 8 - 10 Amelia Street, Blackstaff Square, Belfast, BT2 7GS

PowerPoint course B - Belfast9 May 20135.30-8.00pmMullan Training, 1st Floor, Blackstaff Studios, 8 - 10 Amelia Street, Blackstaff Square, Belfast, BT2 7GS

Excel course A - Belfast3 September 20135.30-8.00pmMullan Training, 1st Floor, Blackstaff Studios, 8 - 10 Amelia Street, Blackstaff Square, Belfast, BT2 7GS

Excel course A - Derry30 May 20135.30-8.00pmThe Best Western White Horse Hotel, 68 Clooney Road, Derry, Londonderry, BT 47 3PA

Excel course B - Derry18 June 20135.30-8.00pmThe Best Western White Horse Hotel, 68 Clooney Road, Derry, Londonderry, BT 47 3PA

Excel course A - Newry16 July 20135.30-8.00pmNewry and Mourne Enterprise Agency, Win Business Park, Canal Quay, Newry, Co. Down, BT 35 6 PH

Excel course B - Newry8 August 20135.30-8.00pmNewry and Mourne Enterprise Agency, Win Business Park, Canal Quay, Newry, Co. Down, BT 35 6 PH

Understanding customer profitability Wednesday 27 March 20139.30am-5.00pmHoliday Inn, 22 Ormeau Avenue,Belfast BT2 8HS

South EastPresenting for successTuesday 9 April 20136.30pm registration, 6.45pm presentation

Granville Hotel, Waterford

South East annual ballSaturday 23 February 2013Pre dinner drinks from 7.30pm,dinner at 8.15pmWaterford Castle, The Island, Waterford

Keep updated with CIMA Ireland events atwww.cimaglobal.com/irelandevents

NETWORK NEWS | Spring 2013 18

The CIMA Ireland internship programme is offering employers

a pipeline to bright undergraduate talent. CIMA Ireland has

established a nationwide undergraduate internship programme

with leading universities and institutes across the island of Ireland.

The CIMA Ireland internship programme:• Facilitates work placements for bright undergraduates

• Draws on undergraduates from business, finance, accounting and related disciplines

• Provides employers the opportunity to identify and

connect with future talent and resources for business.

• Provides employers the opportunity to identify and connect with future talent and resources for business.

• To participate in the internship programme and to discuss opportunities please contact CIMA Ireland:

If you or your employer is interested in taking part in this programme, please contact [email protected] or view full details of each programme atwww.cimaglobal.com/internships

Undergraduate internship programmein conjunction with CIMA Ireland

For the 2013|2014 Academic Year the School of Professional Finance is accepting applications for the following taught postgraduate qualifi cations:

• Executive Masters in Risk Management• MSc in Financial Services• Graduate Diploma in Financial Planning• Graduate Diploma in Financial Services• Professional Certifi cate in Accounting for Financial

Instruments• MSc Sustainable Investment and Finance

Interested in fi nding out more?

Email: [email protected] | Phone: 01 6116500

www.bankers.ie/postgrad

The School of Professional Finance

The Institute of Bankers School of Professional Finance is a recognised school of University College Dublin, affi liated with the UCD College of Business and Law

UPCOMINGEVENTS

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NETWORK NEWS | Spring 201319

Undergraduate CIMA Achievement

of Excellence Awards

Michelle O’Rourke, CIMA member and Ivan Brady,

NCI prize winner.

Eoin Langan, Head of AIT Business School; Mary Clisham, CIMA member; James Gillivan, AIT prize winner; and Owen Ross Headof Dept.of Business Studies AIT.

Kari Moller, GMIT prize winner with Mary Clisham, CIMA member.

Eoin Langan, Head of AIT Business School; Mary Clisham, CIMA

member; Damien Morris, AIT prize winner; and Owen Ross Head

of Dept.of Business Studies AIT.

Eoin Langan, Head of AIT Business School; Mary Clisham, CIMA member; Linda Sheppard, AIT prize winner; and Owen Ross Head of Dept.of Business Studies AIT.

Eoin Langan, Head of AIT Business School; Mary Clisham, CIMA member; Fiona Harrington, AIT prize winner; and Owen Ross Head of Dept.of Business Studies AIT.

Karen Greene, CIMA Ireland Student Recruitment Executive; Davis Gaiss, ITB prize winner; and Pat O’Connor, CIMA Advocate, Head of Department of Business ITB.

Ms. Caroline O’Reilly, Head of Dept. Accounting and Information Systems; Dr. Barry O’Connor, Registrar CIT; Mr. Bob Savage, Chair-man Governing Body; Susan Burke, CIMA member; Mr. Anthony Haynes, CIT prize winner; Mr. Damien Courtney, Head of Faculty of Business and Humanities, Mr. Gerard O’Donovan, Head of School of Business, CIT.

CONGRATULATIONS!

Athlone Institute of Technology (AIT)

Athlone Institute of Technology (AIT)

Athlone Institute of Technology (AIT)

Cork Institute of Technology (CIT)

Institute of Technology Blanchardstown (ITB)

National College of Ireland (NCI)

Galway-Mayo Institute of Technology (GMIT)

Athlone Institute of Technology (AIT)

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NETWORK NEWS | Spring 2013 20

Geraldine Furlong, CIMA member; Eoghan O’Connor, LIT prize

winner; Dr. Maria Hinfelaar, President LIT; and Mr. John Clifford,

Chairman of the Governing Body, LIT.

Paul Cantwell, CIMA member with Craig Sauvage, WIT prize

Karen Greene CIMA Ireland Student Recruitment Executive; James

Furlong, UCC prize winner; and Dr Peter Cleary, Department of

Accounting and Finance UCC.

Geraldine Furlong, CIMA member; Ciara Aherne, LIT prize winner; Dr. Maria Hinfelaar, President LIT; and Mr. John Clifford, Chairman of the Governing Body, LIT.

Paul Cantwell, CIMA member with Jonathan Kennealy, WIT prize

Dan Zhou, UU prize winner with Richard Stack, CIMA member.

Philippa Watson, UU prize winner with Richard Stack, CIMA mem-ber, and Course Director Danielle McWall.

John Doran, Department of Accounting, Finance and Information

Systems; Brian Coote, UCC prize winner, with Karen Greene CIMA

Ireland Student Recruitment Executive.

Karen Greene, CIMA Ireland Student Recruitment Executive; Cian

Dolan, NUIM prize winner; and Professor Rowena Pecchenino, NUIM.

CONGRATULATIONS!

Limerick Institute of Technology (LIT)

University of Ulster (UU)

University of Ulster (UU)

Limerick Institute of Technology (LIT)

Waterford Institute of Technology (WIT)

Waterford Institute of Technology (WIT)

University College Cork (UCC)

University College Cork (UCC)

National University of Ireland, Maynooth

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The CIMA benevolent fund here in Ireland supports members

and their dependents facing difficulties and hardship caused by

serious illness, bereavement, unemployment and other misfortunes.

Established in 1992, the fund has helped many members through

difficult and stressful times for themselves and their families.

Member’s contributions, both financial and advisory, have

contributed enormously.

Economic conditions, illness and or bereavement continue to prevent

some members achieving the success they had expected in their careers.

In most cases this is a temporary setback. Where there is a young family

involved, the consequences can be particularly distressing. The people

the fund has assisted have heart warming stories in which situations of

despair have become manageable, and rectified over time thanks to the

contributions by CIMA Ireland membership.

The fund is most appreciative of the support given by the members.

Nevertheless, in recent years, the economic climate has had an

adverse affect on a number of our members and fund expenditure

is again exceeding its income. CIMA Ireland is therefore asking

members to consider making a contribution to the fund.

There is no fixed amount asked or expected as every contribution is

valuable, but donations in the range of €30 to €50 tend to be the

standard. Some members exceed this amount significantly and we

acknowledge this extra generosity. Members who wish to contribute

to the fund can do so by completing the standing order form. All

contributions whether by standing order or once off payment are

most appreciated.

CIMA Ireland benevolent fund

Standing Order – Annual PaymentBank Name (The Manager):

Account Name: Account No:

Branch Address: Sort Code:

On the day of each year commencing on the day of pay the sum of €

(in words) to the following account:

CIMA Benevolent Fund Account No: 37010974 Sort code: 901490

Bank of Ireland, Baggot Street, Dublin 2

My/Our account will at all times contain sufficient funds to enable payment to be effected on the due date:

Signed:

Date: Address:

Note: This instruction cancels any previous instruction in favour of the above named under this reference. After returning form, please allow

3-4 weeks for standing order process to be completed. Please return to: Nicola Glynn, Member Services Manager, CIMA Ireland, 5th floor, Block

E, Iveagh Court, Harcourt Road, Dublin 2, Republic of Ireland.

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NETWORK NEWS | Spring 2013 22

A series of condensed revision seminars and mock exam practice for the masters gateway entry exam for May 2013. If you are self studying,

these revision seminars in March and April 2013 may be of interest.

Revision seminars for May 2013 Masters Gateway

Master’s gateway revision seminars, Dublin

Master’s gateway revision seminars, Cork

ModuleE2 enterprise management

P2 performance management

F2 finance management

DateWednesday 20 March and Tuesday 23 April

Thursday 21 March and Wednesday 24 April

Friday 22 March and Thursday 25 April

Time5.00pm-10.00pm

5.00pm-10.00pm

5.00pm-10.00pm

Lecturer Adrian Cronin

Adrian Cronin

Adrian Cronin

PriceEUR190 per subject or EUR500 for all three

EUR190 per subject or EUR500 for all three

EUR190 per subject or EUR500 for all three

ModuleF2 finance management

E2 enterprise management

P2 performance management

VenueCIMA Ireland, 5th floor, Block E, Iveagh Court, Harcourt Road, Dublin 2

VenueCork Institute of Technology, Rossa Ave Co. Cork, Ireland

DateWednesday 20 March and Tuesday 23 April

Thursday 21 March and Wednesday 24 April

Friday 22 March and Thursday 25 April

Time9.00am-5.00pm

9.00am-5.00pm

9.00am-5.00pm

Lecturer Dave Capewell

Dave Capewell

Dave Capewell

PriceEUR190 per subject or EUR500 for all three

EUR190 per subject or EUR500 for all three

EUR190 per subject or EUR500 for all three

Register

To register for any of the above revision seminars, please contact the CIMA Ireland office directly [email protected] or phone +353 (0)1 6430400

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Find us on FacebookCIMA UK is on Facebook and we’d love you to join us. ‘Like’ our page and in return we’ll keep you informed about jobs from top CIMA employers, study support, updates and best of all, competitions for your chance to win some great prizes (and let’s face it, who doesn’t love a good freebie?!)

www.facebook.com/cimauk

Join us todayand feel free to ask a question, leave

us a post, comment or message

(we love it, it makes us feel special).

CIMA Ireland is on Facebook and we’d love you to join us. ‘Like’ our page to keep updated with useful tips, study support, upcoming events, news, and best of all, competitions for your chance to win some great prizes (and let’s face it, who doesn’t love a good freebie?!)

www.facebook.com/cimaireland

CIMA IRELAND FACEBOOK HOME PAGE

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