The Sunday Leader

Higher Education

CIMA Business Leaders’ Summit 2015:  Future Defined

Colombo, 24 June 2015:  Our world, country, organisations and business leaders struggle to stay afloat and aligned in the volatile, uncertain, complex, and ambiguous nature of today’s global business environment. The need for rapid change swirls around many of us, tipping us this way and that as we attempt to navigate a safe passage through it all.  Exclusively themed ‘Future Defined: Vision, Understanding, Conviction, Agility’,the 38th Business Leaders Summit organised by CIMA Sri Lankakicked off its annual flagship eventto a record breaking attendance of more than 500 attendees. The conference was inaugurated on16 June under the auspices of Dr. Harsha de Silva, Deputy Minister of Policy Planning and Economic Affairs, the Chief Guest at the ceremony. During his opening speech Dr. Harsha outlined the cohesive rolethe national state must play in assuring the justice of individuals and enabling competitiveness in the next 5 years.

This year’s Keynote Speaker Alexander Blass, American innovator and the CEO of the Innovation Institute of America Inc. delved on the experiential playground of the future of innovation, growth and entrepreneurship, exploring how one could imagine and create market-dominating products and services.The intellectual connectthat took place on 17June was a thought provoking series of technical sessions featuring a panel of high profile local and foreign experts who explored the summit’s concepts to become more nimble leaders.

Chief Guest of the intellectual connect, Hon. Ravi Karunanayake, Minister of Finance addressed the gathering on the importance ofbuilding a strong national government to harness Sri Lanka’s huge potential which is crucial for economic development and stability.Bradley Emerson, Regional Director for Middle East, South Asia and North Africa (MESANA), CIMA delivered the pitch report, focusing on the need of a VUCA world, one that can thrive to define the tomorrows of individuals, companies and nations.

Amongst the speakers featured, Mr. Akmal Hanuk, Founder and Chief Executive Officer, Islamic Banking and Finance Centre, UK, spoke on the history of global financial and business crises. Mr. Hanuk drew on the experience of corporate scandals to explore topical issues ranging from ethics to corporate governance, acknowledging that the understanding of fundamental questions of governance is still evolving, exhibiting that the corporate governance debate is far from over. Prof.Qaisar Abbas, Dean Faculty of Business Administration, COMSATS Institute of Information Technology, Islamabad, Pakistan, evaluated Sri Lanka’s future production/trade strategies and highlighted the country has come a long way since the war of 2009 and had made a lot of progress, especially in the last few years, moving towards rebuilding its institutions and infrastructure.

To deepen understanding on the patterns of behaviour to identify personality makeup and leadership style of emerging leaders, Brand Consultant, Michel Nugawela on the title ‘Stereotype to Archetype’ looked into the keys of matching personal strengths and competencies to executive roles and challenges by integrating each of the archetypes and making the ‘unconscious conscious’ – or becoming aware of and transforming the shadow energies.

Shedding light on the theme ‘Fragility to Agility,’Accenture India, Geographic Unit HR Lead, Managing Director- Human Resources, Manoj Biswas, elucidated on the dynamics of change causing fragility and enablers of agility, and addressed aspects of risk and opportunities presented by unprecedented levels of technical disruption.

He specifically illustrated the reinventions in the HR spacethat should be expected for business changeto become future ready.

Samantha Louis, Director – Africa Region, CIMA, presented the story of her country – South Africa. It was also a moment for reflection, to symbolise South Africa’s position through Mandela, one of the few leaders who inspired confidence universally and steered South Africa from what seemed to be the brink of civil war. Samantha spoke passionately regarding her home country’s future amid numerous national troubles – one that stood tall when it endured the trials of time.

Varun Agarwal, film maker, entrepreneur and a bestselling author, Founder of Alma Mater, Reticular and Last Minute Films from India shared a very different mantra to success – ‘Don’t think.’ Giving practical insights and techniques through his very own personal story, Varun spoke mainly about young entrepreneurs and the unconventional routes to business success. Further, Varun urged the audience to focus on three principles for success, ‘people, passion and vision’.

The summit also set the stage for two panel discussions on topics; ‘Refining Ideologies – Defining Capabilities’ and ‘People Process – The Organisational Recipe’ moderated by Senaka Kakiriwaragodage, Managing Director of NDB Zephyr Partners and Manjula de Silva, Deputy Chairman of CIMA Sri Lanka Board and Chairman of National Insurance Trust Fund respectively.

Janashakthi Insurance PLC was the Strategic Partner of the CIMA Business Leaders’ Summit 2015. Also lending their support to make this event possible wasOfficial Sponsor Citizens Development Bank (CDB).





Mercury Now Offers A Masters In Professional Accountancy For ACCA Students

Mercury Institute of Management is the premier and only Platinum Status ACCA Tuition Provider in Sri Lanka. Mercury, being the tuition provider of choice across Sri Lanka and all around the South Asian region, guarantees that anyone choosing ACCA is well assured of a successful career in accounting and finance.

Success is all about the right beginning. For anyone hoping to pursue a rewarding career in Accounting and Finance, then ACCA at Mercury is the obvious choice. Mercury is Sri Lanka’s only ACCA Approved Platinum Status Tuition Provider, having been awarded the prestigious Platinum Status for the 5th consecutive time. Mercury’s Platinum-calibre lecturers are from diverse professional accountancy backgrounds and hence, are fully equipped to coach students from all backgrounds. They will not only guide students throughout their ACCA journey, but will ensure that students get individual attention, which not only achieves passing on the very first attempt, but has also resulted in producing the highest number of Sri Lankan and World Prize Winners. To support this, Mercury also provides original UK edition Kaplan Study Texts and Revision Kits absolutely free of charge.

In order to accommodate the growing demand for ACCA, Mercury now operates in 3 locations – Colpetty, Dehiwela and Galle.State-of-the-art lecture rooms, all air-conditioned and equipped with multimedia facilities and a modern computer lab which is a licensed centre for ACCA computer-based exams are just more reasons that make Mercury the place to be to learn ACCA.

Moreover, at Mercury, students can gain their BSc. (Hons) in Applied Accounting from Oxford Brookes University, UK with guidance from registered mentors, and can also gain their MSc. in Professional Accountancy from the world-renowned University of London, both of which are offered in collaboration with ACCA. This Masters Qualification is available to ACCA Students, Affiliates and Members, with different pathways for each.

For ACCA students, upon successful completion of the ACCA Fundamentals Level, i.e. F1 – F9, and the Core Professional Modules, i.e. P1 – P3, they will have earned the 90 credits required by the University of London for them to proceed with the Masters Qualification. Thereafter, they will be required to complete the 2 modules in the MSc. route, which is Strategic Performance Management and Strategic Financial Management, amounting to 60 credits, which would also exempt them from ACCA Optional Professional Level subjects P4 and P5. Lastly, upon the successful completion of the Strategic Financial Project, amounting to 30 credits, students will have earned 180 credits in total, which would enable them to become holders of a MSc. in Professional Accountancy and simultaneously become an ACCA Affiliate. Thereafter, once they complete the Practical Experience Requirement component of ACCA, they can progress to ACCA Membership.

Affiliates and Members will only be required to study the module on Global Issues in Finance, amounting to 30 credits and thereafter complete the Strategic Financial Project, also amounting to 30 credits, which would make them a holder of a Masters Qualification from the University of London. Be a multi-qualified accounting and finance professional byregistering for ACCA at Mercury and get savings worth Rs. 118,700. Call us on 071 886 4524 or 0711 988 988 for more details!

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