Paul Gillot & Angela Copland Employer Business Development Managers

Transcription

Paul Gillot & Angela Copland Employer Business Development Managers
Paul Gillot & Angela Copland
Employer Business Development Managers
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
Transformation and growth
• The new CIMA operational structure
•
2010 Syllabus
•
Transformation of the Finance Function
GFP Conference 11 January 2017
The new CIMA operational
structure
• Changing economic climate and customer
requirements
• Fast rate of technology change and
business response times
• Re-organisation to get closer to our
stakeholders
• Further enhanced service to Students,
Members and prospective customers
New CIMA Structure
GFP Conference 11 January 2017
CIMA’s new operational structure
COUNCIL/
GOVERNANCE
STRUCTURE
CIMA GOVERNANCE
& PROFESSIONAL
STANDARDS Director
CIMA BRAND,
PROFILE &
MARKETING
SUPPORT
Director
CIMA GLOBAL
CORPORATE
RELATIONS
Director
CIMA
CHIEF EXECUTIVE
CIMA
MARKETS
Director
CIMA
EDUCATION
Director
CIMA
OPERATIONS
Director
CIMA Market
Regions
CIMA
Regional
Support
CIMA Marketing
Offices
MEMBERS/STUDENTS/CUSTOMERS/STAKEHOLDERS
New CIMA Structure
GFP Conference 11 January 2017
CIMA Markets structure
Director
New market
development
and
support
Africa
New CIMA Structure
UK, Ireland
and Europe
Middle
East,
South Asia
North Asia
ASEAN and
Australasia
GFP Conference 11 January 2017
A typical market may look like:
Regional/Market
Director
Country office profile - legends,
employers, media and other influencers
Offices will provide all or some of the
services as close to market as possible
Student Recruitment – individuals,
employers, alliances/franchises
There is an overriding need for
efficiency and effectiveness which will
dictate that some services will be
delivered by the regional director from
the most effective source
Student support
Liaison with tuition providers
Member support and events
Small offices will be supported by
larger offices in the region
Marketing
Education and commercial product sales
New CIMA Structure
GFP Conference 11 January 2017
CIMA UK market – proposed structure
CIMA BRAND & PROFILE
& MARKETING
SUPPORT
Executive Director
CIMA GLOBAL
CORPORATE
RELATIONS
Executive Director
CIMA MARKETS
Executive Director
CIMA EDUCATION
Executive Director
CIMA OPERATIONS
Executive Director
HRBP
FBP
Director
UK Division
Profile Marketing
Business
Development
Employer
New CIMA Structure
Business
Development
Student Recruitment
Member & Student
Network Services
Tuition Support
CIMA Contact
Division
Support Office
GFP Conference 11 January 2017
The new CIMA operational
structure
• Changing economic climate and customer
requirements
• Fast rate of technology change and
business response times
• Re-organisation to get closer to our
stakeholders
• Further enhanced service to Students,
Members and prospective customers
New CIMA Structure
GFP Conference 11 January 2017
The new Chartered Management
Accounting Qualification 2010
Angela Copland
2010 Syllabus
GFP
Conference
January
2017
FOCUSED
ON11THE
FUTURE
Agenda – 2010 Qualification
• The Qualification Development
• Structure and Content of the Qualification
• T4 - Test of Professional Competence
• Transition - current to new qualification
2010 Syllabus
GFP
Conference
January
2017
FOCUSED
ON11THE
FUTURE
Research and development
Continuity in our methodology……
As in 2004, we have worked with our qualification
development partners the School of Management
at the University of Bath
2010 Syllabus
GFP
Conference
January
2017
FOCUSED
ON11THE
FUTURE
Research and development
Extensive consultation and feedback
with all key stakeholders
• Employers of CIMA members and students
• Our members
• Our tuition providers
• The CIMA Faculty ….examiners, technical
consultants and markers
• Our Higher Education partners
• Our students
2010 Syllabus
GFP
Conference
January
2017
FOCUSED
ON11THE
FUTURE
Research and development
Research concluded:
• Radical restructuring of the qualification is
considered unnecessary
• Subtle reform of the technical content …. and its
assessment is required
2010 Syllabus
GFP
Conference
January
2017
FOCUSED
ON11THE
FUTURE
Research and development
Research suggested:
• Making more prominent
– ethics, corporate governance and green
accounting
– extending these issues to areas where they
are currently absent (e.g. environmental
management accounting, finance)
2010 Syllabus
GFP
Conference
January
2017
FOCUSED
ON11THE
FUTURE
Research and development
Research suggested:
• Emphasising the following contemporary issues
where relevant throughout the syllabus:
– Management
– Globalisation and international trade
– Outsourcing decisions / shared services
– Business partnering
2010 Syllabus
GFP
Conference
January
2017
FOCUSED
ON11THE
FUTURE
The 2010 Qualification
Structure and Content
2010 Syllabus
GFP
Conference
January
2017
FOCUSED
ON11THE
FUTURE
Introduction
The Chartered Management
Accounting Qualification 2010
We regularly update the qualification …….to
ensure that it remains highly relevant and
meets the ever changing needs of
employers and their staff
2010 Syllabus
GFP
Conference
January
2017
FOCUSED
ON11THE
FUTURE
Strategic
Level
Professional
Competence
Level
Award -Member of the Chartered Institute of Management Accountants
Test of Professional Competence in Management Accounting
Part A – Initial
Professional
Development Assessment
of Practical Experience
E3 Enterprise
Strategy
Part B–Case study
examination based on
–
Preseen and Unseen
material
P3 Performance
Strategy
F3 Financial
Strategy
Management
Level
Award - CIMA Advanced Diploma in Management Accounting
P2
Performance
Management
E2 Enterprise
Management
F2 Financial
Management
Operational
Level
Award - CIMA Diploma in Management Accounting
E1 Enterprise
Operations
P1 Performance
Operations
F1 Financial
Operations
Enterprise Pillar
Performance Pillar
Financial Pillar
Pre-requisite
Entry Requirements e.g.CIMA Certificate in Business Accounting
-
Strategic
Level
Professional
Competence
Level
Award -Member of the Chartered Institute of Management Accountants
Test of Professional Competence in Management Accounting
Part A – Initial
Professional
Development Assessment
of Practical Experience
E3 Enterprise
Strategy
Part B–Case study
examination based on
–
Preseen and Unseen
material
P3 Performance
Strategy
F3 Financial
Strategy
Management
Level
Award - CIMA Advanced Diploma in Management Accounting
P2
Performance
Management
E2 Enterprise
Management
F2 Financial
Management
Operational
Level
Award - CIMA Diploma in Management Accounting
E1 Enterprise
Operations
P1 Performance
Operations
F1 Financial
Operations
Enterprise Pillar
Performance Pillar
Financial Pillar
Pre-requisite
Entry Requirements e.g.CIMA Certificate in Business Accounting
-
Strategic
Level
Professional
Competence
Award – Member of the Chartered Institute of Management Accountants
Test of Professional Competence in Management Accounting
Part A – Initial Professional
Development – Assessment of
Work Based Practical Experience
Part B – Case Study Examination
based on Preseen and Unseen
Material
Paper P3 Performance
Strategy
Paper E3 Enterprise
Strategy
Paper F3 Financial
Strategy
Management
Level
Award - CIMA Advanced Diploma in Management Accounting
Paper E2 Enterprise
Management
Paper P2 Performance
Management
Paper F2 Financial
Management
Operational
Level
Award - CIMA Diploma in Management Accounting
Paper E1 Enterprise
Operations
Paper P1 Performance
Operations
Paper F1 Financial
Operations
Enterprise Pillar
Performance Pillar
Financial Pillar
Pre-requisite Entry Requirements (e.g. CIMA Certificate in Business Accounting)
2010 Syllabus
GFP
Conference
January
2017
FOCUSED
ON11THE
FUTURE
Key Syllabus Content
•
•
•
•
•
Change management
Green issues
Governance and ethics
Tax
Re-emphasis of:
• Strategy and decision making
• Risk management
2010 Syllabus
GFP
Conference
January
2017
FOCUSED
ON11THE
FUTURE
T4 – Test of Professional
Competence
2010 Syllabus
GFP
Conference
January
2017
FOCUSED
ON11THE
FUTURE
The new T4
Professional Competence Level – T4 Test of
Competence – Parts A and B
T4 Test of Professional Competence in Management Accounting
Part A – Initial Professional Development
–
Assessment of Practical Experience
Part A success =
50 credits
2010 Syllabus
Part B – Case Study Examination
based on Preseen and Unseen Material
Part B success = at least
25 credits (from a
maximum of 50 credits)
GFP
Conference
January
2017
FOCUSED
ON11THE
FUTURE
Transition - Current to New
Qualification
2010 Syllabus
GFP
Conference
January
2017
FOCUSED
ON11THE
FUTURE
Transition arrangements
The 2010 Qualification
The 2005 Qualification
Strategic
Level
Professional
Competence
Award – Member of the Chartered Institute of Management Accountants
Test of Professional Competence in Management Accounting
Part A – Initial Professional
Development – Assessment of
Work Based Practical Experience
Part B – Case Study Examination
based on Preseen and Unseen
Material
Paper P3 Performance
Strategy
Paper E3 Enterprise
Strategy
Paper F3 Financial
Strategy
P10
P6
P3
P9
Management
Level
Award - CIMA Advanced Diploma in Management Accounting
Paper E2 Enterprise
Management
Paper P2 Performance
Management
Paper F2 Financial
Management
Operational
Level
Award - CIMA Diploma in Management Accounting
Paper E1 Enterprise
Operations
Paper P1 Performance
Operations
Paper F1 Financial
Operations
Enterprise Pillar
Performance Pillar
Financial Pillar
Pre-requisite Entry Requirements (e.g. CIMA Certificate in Business Accounting)
P8
A P5
‘one P2for one’
match
P4
P1
P7
Key dates and deadlines
In 2010:
• March/May
First examinations based on the new 2010
qualification
• July
Exam results published for the first diet of
exams based on the 2010 qualification
2010 Syllabus
GFP
Conference
January
2017
FOCUSED
ON11THE
FUTURE
Practical, onthe-job
learning
2010 Syllabus
“Accounting”
Management
skills,
financial
orientation
Regulatory and compliance
MBA programmes
The CIMA Difference
GFP
Conference
January
2017
FOCUSED
ON11THE
FUTURE
CIMA Emphasis
The The
Accountancy
Landscape
Management Skills
Decision Support
Governance
and Ethics
Business Strategy
CIMA
Financial Accounting
And Compliance
Risk Management
Narrative Reporting
Management Accounting
and Decision Making
IFRS
Tax Planning
Sarbanes Oxley
Treasury Policy
Technical Skills
2010 Syllabus
GFP
Conference
January
2017
FOCUSED
ON11THE
FUTURE
Conclusion
The Chartered Management
Accounting Qualification 2010
• Evolution …. not revolution …. changes
based on primary stakeholder feedback
• Transition arrangements – simple
• Maintains currency with business needs
2010 Syllabus
GFP
Conference
January
2017
FOCUSED
ON11THE
FUTURE
Transformation of the Finance
Function
Paul Gillot
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
Agenda
1. CIMA ‘Improving Decision Making Forum’
2. Finance transformation
3. Transformation enablers
4. Business partners
5. Conclusions
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
CIMA Forum
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
The future of finance
“Accountants could go the way of (UK) coal miners – a
mighty industry that once employed three quarters of a
million and helped bring down a government today
employs fewer employees than SmithKline Beecham. I
believe that accountants in industry could go the same
way if they do not realise the fundamental changes they
need to make”
the late Sir Hugh Collum
Executive Vice President and Chief Financial Officer
SmithKline Beecham
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
Why Decision Making is so
important
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
Agenda
1. CIMA ‘Improving Decision Making Forum’
2.Finance transformation
3. Transformation enablers
4. Business partners
5. Conclusions
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
Finance transformation
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
Role of finance function
is changing
Business Partner
Team Member
Advocate
Service Orientation
Commentator
Performance Evaluation
Guardian
Technically Competent
Scorekeeper
Transaction Based
Time
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
Need for new,
broader skills set
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
Agenda
1. CIMA ‘Improving Decision Making Forum’
2. Finance transformation
3. Transformation enablers
4. Business partners
5. Conclusions
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
Finance Cost Reduction
100%
50%
Peer
group
Labour
Outsourcing
Worldclass
Technology
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
Other
GFP CONFERENCE 11 January 2017
The expanding role of SSCs
Higher
value
Management
Analysis &
Reporting
Transactional
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
Raising the bar requires new skills
Management
ACMA
Analysis
&
Reporting
Advanced
Diploma
Transactional
Diploma &
Certificate in Mgt
Accounting
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
Agenda
1. CIMA ‘Improving Decision Making Forum’
2. Finance transformation
3. Transformation enablers
4. Business partners
5. Conclusions
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
Finance’s contribution to
improving decision making
• Frame decisions
• Finance data discipline
• Managing for value
• Performance management
• Risk management
• Analytics
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
Business partner material?
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
From back to front office
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
Management Accountants’
roles in Business Intelligence
• BI strategy and Business Case
• Implementation
• Data Quality
• Performance management
• Analytics
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
Agenda
1. CIMA ‘Improving Decision Making Forum’
2. Finance transformation
3. Transformation enablers
4. Business partners
5.Conclusions
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
Conclusions
• CIMA Syllabus
• Career progression
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
CIMA Syllabus
Covers
how it was
•
•
•
•
•
Cash
Liquidity
Cost
Budgets
Forecasts
But does more of
the future
•
•
•
•
•
Performance management
Risk management
Scenario modelling
Strategic options
Business partnering
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
Career Progression
Practice /
Consulting
Outsourced
Level:
IT/ Tech
support
Accounts
Finance
Management
Frontline
Roles
Director
Executive
Senior
Manager
Manager
Staff
Trainee
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017
Further Information
Paul Gillot/Angela Copland
The Chartered Institute of Management Accountants
26 Chapter Street
London SW1P 4NP
[email protected]
[email protected]
CIMA IS THE INTERNATIONAL MARK OF EXCELLENCE IN MANAGEMENT ACCOUNTING
GFP CONFERENCE 11 January 2017