with CIMA first. With the emphasis being on exposure to practi-cal experience, one can work and receive a sal-ary while studying part time and gaining first hand experience.”

The benefits of working and studying are numer-ous, with employers keen to snap up CIMA gradu-ates as they have the relevant practical experience. Strydom emphasises CIMA

I S S U E 4 7

OCTOBER/NOVEMBER• 2007

A full time job and two young children didn’t hold back South African Gizelle Strydom who came joint second in the world in the recent CIMA examinations.

Joint second in the world!

REGIONAL CONFERENCE 2007If you missed the conference you should be kicking yourself. Over 350 delegates filled the conference venue of the Zambezi Sun, Livingstone, Zambia in August to discuss Wealth Creation in Africa. Congratulations to the CIMA Zambia team for organising such a successful conference.

CPD courses go globalCIMA Online Courses are straight forward, cost effective and convenient CPD training solutions that allow you to complete your necessary CPD within your own timeframes.

Strydom sat the exam with 6242 stu-dents worldwide scoring 83% in the

organisational management and infor-mation systems paper.

A management accountant at Transnet Port Terminals in Saldanha, Strydom says business management is her passion, having lectured business management for seven years at Stellenbosch University, where she also received her masters in business management.

“In retrospect I would not have done a degree and masters and started

is an international qualifica-tion and allows graduates to work anywhere in the world.

She found time at 5am to study and says one needs to commit and know where you are going. Her three routes to success include know your capacity, build a framework of reference and act in time.

In conclusion she says don’t be afraid of failure and know that you will succeed in the end.

Our high quality training courses are open to all finance and business

professionals, with CIMA members ben-efiting from discounted prices.

What are the benefits?• Competitive pricing• Time saving – you can view a four hour course over a number of days or weeks without impacting on your day job• Convenient – courses are located online

for your ease of access• Fully interactive using high quality tech-nology• Highly experienced speakers – with extensive industry experience• A 20% discount for CIMA members

What do you do next?To access the wealth of CPD training at your fingertips, simply register at www.cimaglobal.com.

Once registered, you can browse the wide range of available courses, which are listed on the left in the course categories. Once you have purchased a course, you can log in and view whenever you like over a period of three months.

Remember to check back regularly as new courses, covering current topics and tech-niques applicable to a variety of financial sectors, are constantly being added.

Brand Director for CIMA International Ray Perry, who was in Namibia for the

launch, says CIMA understands diversity. “With nearly 160 000 members in 158 countries across Europe, Africa, Asia, the Pacific Rim and the Americas – CIMA is committed to helping our members operate in the global economy, across dif-ferent cultures and multi-nationals.”

Namibia was chosen for its positive out-look on future growth with projects like Vision 2030 and their commitment to education through the Education and Training Sector Improvement Programme. Perry says CIMA will be working closely with government in transforming Namibia into a knowledge-based economy.

Perry notes that professional skills and qualifications will be vital tools in Namibia’s fight against unemployment and cor-ruption. “CIMA’s earn while you learn facilities enable organisations to enhance their skills levels without losing key staff members to outside education facilities. Staff members are given the opportu-nity to upgrade their qualifications while maintaining the ethics and culture of their own companies and still contributing to strengthening the economy.”

Deputy Minister of Finance Mr Tjekero Tweya delivered the keynote address at the launch and welcomed CIMA’s entry into Namibia. Other distinguished guests included the members of CIMA in Namibia as well as the Auditor general, the British High Commissioner, the CEO of the Institute of Chartered Accountants of Namibia and senior executives of Namibian companies.

Namibian companies, Perry says, should be urged to develop the skill levels of their employees through CIMA. “We offer the perfect route for organisations to develop their own highly skilled profes-

sional accountants, as matriculants and graduates can also be recruited and put onto projects that offer a career path to the top.”

The first exams will be taking place in November of this year in Windhoek, with the Namibian Accounting College and the Centre for Training and Project Development being the first educational institutions to offer the CIMA qualification.

The launch received extensive press cov-erage in Namibia as well as an 8 minute interview on the newly launched CNBC Africa channel.

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This will allow you to participate in IoD courses at IoD member rates. For further

information or to check availability please contact talitha.mokoka@cimaglobal.com.

IoD – Being a Director – Part 229 November – JohannesburgCost: CIMA Members – R2 450.00 and for non Members – R2 995.0017 October – DurbanCost: CIMA Members – R2 200.00 and for non Members – R2 400.00

18 October – Cape TownCost: CIMA Members – R2 200.00 and for non Members – R2 400.00

The Directors Role in Risk Management & Strategy26 November – DurbanCost: CIMA Members – R2 200.00 and for non Members – R2 400.0027 November – Cape TownCost: CIMA Members – R2 200.00 and for non Members – R2 400.00

Effective Meetings – Managing the Meeting Process7 November JohannesburgCost: CIMA Members – R2 450.00 and for non Members – R2 995.00

Introduction to Corporate Governance & King 1120 November – JohannesburgCost: CIMA Members – R2 450.00 and for non Members – R2 995.00

LEFT: VIP Namibia: Junias E. Kanjeke (Auditor - General) , Hon Tjekero Tweya (Deputy Minister of Finance), Samantha Louis (CIMA Southern Africa Regional Director), Ray Perry (CIMA Director of Brand) and HE Alasdair MacDermott (British High Commissioner)RIGHT: CIMA members attended the launch and enjoyed the opportunity to meet each other and network.

Namibia launchSouthern Africa, including Namibia, is experiencing an extreme shortage of accountants. To combat this, CIMA has launched in Namibia and will be contributing to the upskilling of employees in the work force.

IoD courses now available to CIMA membersAs a CIMA member you can now take advantage of the recent memo of understanding signed with the Institute of Directors in Southern Africa.

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Feston Kaupa gave a CIMA Career Talk on Thursday, 13 September 2007 at the Malawi College of Accountancy. There was a lot of interest from the students.

Please note that the timeframes for the completion of the Corporate Law Reform

process are as follows:• Finalisation of the updated Companies Bill 2007, following public comments: 31 August 2007• Submission of the Bill to the State Law Advisors for certification: 10 September 2007• Submission of the Companies Bill to Cabinet for approval to introduce the Bill into Parliament: 31 October 2007• Introduction of the Bill in Parliament: February 2008• Enactment of the Bill: July 2008• Promulgation of the Bill: November/ December 2008• Implementation of the New Companies Act: 1 January 2010

Companies act timeframe

The Department of Trade and Industry in South Africa wishes to give notice to the public on the revised timeframes for the Corporate Law Reform process.

Malawi presentation

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Wealth creation, courtesy of CIMA Zambia

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Delegates should gain an understanding of the different requirements of the new

Small GAAP and how this will impact on their various organisations. Delegates would benefit from practical examples that will be shared during the seminar. A thorough over-view of the full requirements of each aspects

of Small GAAP concerned will be provided.

Seminar Duration08h30 Registration & refreshments09h00 Seminar commences16h00 Seminar concludes(Refreshments and lunch included)

Seminar Outline• Balance Sheet• Income Statement• Statement of Changes in Equity and Statement of Income and Retained Earnings• Cash Flow Statement• Notes to the Financial Statements• Accounting Policies, Estimates and Errors• Financial Assets and Financial Liabilities• Investments in Associates in Joint Ventures• Investment Property

Seminar FeesSeminar (incl seminar material & refresh-ments) R1 095(All prices are inclusive of 14% VAT)Seminar materials are not available sepa-rately for non-attendees.

Seminar DatesJohannesburg 1: 8 October 2007Durban: 10 October 2007Port Elizabeth: 12 October 2007Cape Town: 15 October 2007Vereeniging: 17 October 2007Bloemfontein: 19 October 2007Johannesburg 2 : 22 October 2007

For a detailed course outline, further information and bookings please contact cpd@altimax.co.za

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KZN open day

CIMA students in KZN recently attended a breakfast with presentations from CIMA, recruitment agents and KZN employers. The morning proved to be fun and a worthwhile experience.

A Learnership is a work-based approach to learning and gaining qualifications

and includes both structured work experi-ence (practical) and structured institutional learning (theory).

Criteria, as set out in the Skills Development Act, indicate that a learnership must:• Include a structured learning component • Include practical work experience Lead to a qualification Relate to an occupation

The Tirisano learnership is registered with Bankseta. The Chartered Institute of Management Accounting (CIMA) provides the structured institutional learning to the learners called the Certificate in Business Accounting.

Thus far the project has proven to be a great success resulting in the following:

In 2005 we had 3 learners on the project and Stephen Malatjie was employed permanently within Finance. In 2006, 6 learners were on the project and both Olayne Manning and Lindiwe Selepe were employed within two

and a half months of being on the project within Exchange Control. Mubanga Changa has decided to continue his studies within the accounting field and has been employed within Equities Operations for vacational work due to his excellent performance whilst on the project.

Welcome to all our Tirisano Learners for 2007:Mandla Nkosi – EquitiesKoketso Sebolai - EquitiesCarmen De Jager - Public AffairsSimphiwe Ngcobuthu - Trade OperationsPhiwe Tshabalala - Exchange ControlConfidence Monyela – FinanceSandra Hon’wana – FinanceNicole Walker – CBSLerato Segwana – Treasury OperationsZanele Gwala – Strategic PlanningVerlene Phillips – Cash OperationsTeboho Mohale – CIB Tech

In living our shared responsibilities, “We must provide outstanding people the best opportunity to realise their potential.”

Tirisano – Team Work!Citi has employed 12 learners on the Tirisano Learnership Project as of April 2007. This will be the 3rd year that Citi has participated in the Tirisano project.

Annual financial statements for small and medium enterprises

The seminar is aimed towards providing a comprehensive practical overview of the statement for SMEs. Presented by: MARTIN BECKER CA (SA)

7Top students May 2007 examinations

TOP STUDENTS IN BOTSWANAManagerial LevelPaper 1- Performance EvaluationBokamo JosiahPaper 2- Decision ManagementMosetsanagape GabarongwePaper 4 - Organisational Management & informa-tion SystemNeo PhukulaPaper 5 - Integrated ManagementSiphephile MhlophePaper 7- Financial Accounting & Tax PrinciplesJanine WrightPaper 8 - Financial AnalysisSiphephile MhlophStrategic LevelPaper 3 - Risk & Control StrategyMargaret DubePaper 6 - Business StrategyLetshego MoengPaper 9 - Financial StrategyTsholofelo BogosiTOPCIMAVishal Patnaik

TOP STUDENTS IN MALAWIManagerial LevelPaper 1 - Performance EvaluationAbel KhombePaper 4 - Organisational Management & Information SystemMayamiko MtimaukanenaPaper 5 - Integrated ManagementVictoria KusimikaPaper 7 - Financial Accounting & Tax PrinciplesAbel KhombePaper 8 - Financial AnalysisEleanor Saguga

Strategic LevelPaper 3 - Risk & Control StrategyWilson Gondwe HungaPaper 6 - Business StrategyCharles ChimpeniPaper 9 - Financial StrategyWisdom MkandawireTOPCIMAAndrew Kamwala

TOP STUDENTS IN MAURITIUSManagerial LevelPaper 1 - Performance EvaluationSailesh RamyeadPaper 2 - Decision ManagementSailesh RamyeadPaper 7 - Financial Accounting & Tax PrinciplesPascal Lee Choong TongPaper 8 - Financial AnalysisErwin Lai-KiTOPCIMADeeagarajen Soondram

TOP STUDENTS IN SWAZILANDManagerial LevelPaper 1 - Performance EvaluationPhakamile NxumaloPaper 4 - Organisational Management & informa-tion SystemMukasa TimothyPaper 5 - Integrated ManagementPhakamile NxumaloPaper 8 - Financial AnalysisAdelaide Dlamini

TOP STUDENTS IN SOUTH AFRICAManagerial LevelPaper 1 - Performance EvaluationGizelle Strydom

Paper 2 - Decision ManagementStephanie LowePaper 4 - Organisational Management & informa-tion SystemGizelle StrydomPaper 5 - Integrated ManagementAngeline LotterPaper 7 - Financial Accounting & Tax PrinciplesMichael WestPaper 8 - Financial AnalysisRatheesh PillaiStrategic LevelPaper 3 - Risk & Control StrategyJacobus Van NiekerkPaper 6 - Business StrategyFrancisco CapazarioPaper 9 - Financial StrategyDaniel BosmanTOPCIMAHanli De witt

TOP STUDENTS IN TANZANIAManagerial LevelPaper 5 - Integrated ManagementLouise Barnett

TOP STUDENTS IN ZAMBIAManagerial LevelPaper 1 - Performance EvaluationChisenga MatukutukuPaper 2 - Decision ManagementMulumba ZundunaPaper 4 - Organisational Management & informa-tion SystemMulumba ZundunaPaper 5 - Integrated ManagementEphraim LukwesaPaper 7 - Financial Accounting & Tax PrinciplesLupiya Kampengele

Paper 8 - Financial AnalysisPetros NamakandStrategic LevelPaper 3 - Risk & Control StrategyAbhishek PoddarPaper 6 - Business StrategySean ChibayaPaper 9 - Financial StrategyJimmy CouvarasTOPCIMAMatthew Lungu

TOP STUDENTS IN ZIMBABWEManagerial LevelPaper 1 - Performance EvaluationChishava ChisahavaPaper 2 - Decision ManagementAlfred ChaavurePaper 4 - Organisational Management & Information SystemMercy ChumaTawanda MarangwandaPaper 5 - Integrated ManagementDudzai ChidzunguPaper 7 - Financial Accounting & Tax PrinciplesTrevor MapiyePaper 8- Financial AnalysisMalvern KuonaStrategic LevelPaper 3 - Risk & Control StrategyAlexandros TselentisPaper 6- Business StrategyTonderai NyaganoPaper 9- Financial StrategyJoy MliswaTOPCIMAVincent MusadzirumaKudzai Gutu

*Please note that in some countries not all papers were sat.

The following students obtained the highest mark in their respective countries in the May 2007 examinations. Congratulations to all of you.

Annual financial statements for small and medium enterprises

Questions:1. Name the one sport in which neither the spectators nor the participants know the score or the leader until the contest ends.2. What famous North American land-mark is constantly moving backward?3. Of all vegetables, only two can live to produce on their own for several growing seasons. All other vegetables must be replanted every year. What are the only two perennial vegetables?4. What fruit has its seeds on the out-side?5. In many liquor stores, you can buy pear brandy, with a real pear inside the bottle. The pear is whole and ripe, and the bottle is genuine; it hasn’t been cut in any way. How did the pear get inside the bottle?6. Only three words in standard English begin with the letters “ dw” and they are all common words. Name two of them.7. There are 14 punctuation marks in English grammar. Can you name at least half of them?8. Name the only vegetable or fruit that is never sold frozen, canned, processed, cooked, or in any other form except fresh9. Name 6 or more things that you can wear on your feet beginning with the letter “S.”

Answers1. The one sport in which neither the spectators nor the participants know the score or the leader until the contest ends - boxing2. North American landmark constantly moving backward - Niagara Falls (The rim is worn down about two and a half feet each year because of the millions of gallons of water that rush over it every minute.)3. Only two vegetables that can live to produce on their own for several growing seasons - asparagus and rhubarb.4. The fruit with its seeds on the outside - strawberry.5. How did the pear get inside the brandy bottle? It grew inside

the bottle. (The bottles are placed over pear buds when they are small, and are wired in place on the tree. The bottle is left in place for the entire growing season. When the pears are ripe, they are snipped off at the stems.)6. Three English words beginning with dw: dwarf, dwell and dwindle.7. Fourteen punctuation marks in English gram-mar: period, comma, colon, semicolon, dash, hyphen, apostrophe, question mark, exclamation point, quotation marks, brackets, parenthesis, braces, and ellipses.8. The only vegetable or fruit never sold frozen, canned, processed, cooked, or in any other form but fresh - lettuce.9. Six or more things you can wear on your feet beginning with “s” : shoes, socks, sandals, sneak-ers, slippers, skis, skates, snowshoes, stockings, stilts.

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Send your contributions to: The Editor, The Bottom Line PO BOX 745, Northlands, 2116 • Email: samantha.louis@cimaglobal.com • Tel: 011 268 2555 • Fax: 011 268 2556

Quiz for people who know everything

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