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PREPARING BUSINESS READY GRADUATES ADDRESSING THE TALENT DEMAND Graduates who are prepared for business. Graduates with excellent technical skills. Graduates with good analytical skills. READY FOR BUSINESS The Employability Programme THE UPSKILLING JOURNEY Malaysia’s Economic Transformation Programme NEED NEED NEED 60,000 qualified accountants by 2020 but there are only 30,000 now. Malaysia’s aspirations of being the Asia Pacific regional accountancy hub Professionally qualified financial and business leaders ASEAN Economic Community (AEC) poised to launch in 2015 Creating a talent pipeline for employers CIMA-TalentCorp Employability Programme Professionally qualified financial and business leaders Technical Skills Financial accounting and reporting, cost accounting and management, planning and control, management reporting and analysis, corporate finance and treasury management, risk management and internal control, taxation and accounting information systems. Business Skills Strategy, analysis of market and macro-economic environments, process management, business relations, project management and awareness of the regulatory environment. People Skills Ability to influence, negotiation skills, decision-making, collaborative working and communication. Leadership Skills Team building, coaching and mentoring, driving performance, change management, and ability to motivate and inspire. All these are underpinned by ethics, integrity and professionalism. At CIMA’s roundtables on employability held in 2014, employers agree that the CGMA Competency Framework formulated by CIMA and the American Institute of CPAs contains the key skills most desirable in a finance and business leader. The CIMA-TalentCorp Employability Programme equips graduates with these key skills. YEAR 1 Students sign up for the programme YEAR 2 Conduct master classes and student conferences for students YEAR 3 Assess students’ results to qualify for internship YEAR 4 Internship of 4 – 6 months begins GRADUATE Choose to hire students with a CIMA professional qualification CGMA CIMA members and CGMAs provide skills to help your business succeed THE KEY QUALITIES EMPLOYERS LOOK FOR:

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Page 1: THE KEY QUALITIES THE UPSKILLING JOURNEY PREPARING BUSINESS ADDRESSING THE TALENT ... locations docs/Malaysia... · 2015-04-22 · CONTACT Winnie Ng T. +60 (0)3 77 230 338 E. winnie.ng@cimaglobal.com

PREPARING BUSINESS READY GRADUATES

ADDRESSING THE TALENT DEMAND

Graduates who are prepared for business.

Graduates with excellent technical skills.

Graduates with good analytical skills.

READY FORBUSINESS

The EmployabilityProgramme

THE UPSKILLING JOURNEY

Malaysia’s EconomicTransformation Programme NEED

NEED

NEED

60,000 qualified accountants by 2020 but there are only 30,000 now.

Malaysia’s aspirations ofbeing the Asia Pacific regional accountancy hub

Professionally qualified financial and business leaders

ASEAN Economic Community (AEC) poised to launch in 2015

Creating a talent pipeline for employers

CIMA-TalentCorp Employability Programme

Professionally qualified financial and business leaders

Technical SkillsFinancial accounting and reporting, cost accounting and management, planning and control, management reporting and analysis, corporate finance and treasury management, risk management and internal control, taxation and accounting information systems.

Business SkillsStrategy, analysis of market and macro-economic environments, process management, business relations, project management and awareness of the regulatory environment.

People SkillsAbility to influence, negotiation skills, decision-making, collaborative working and communication.

Leadership SkillsTeam building, coaching and mentoring, driving performance, change management, and ability to motivate and inspire. All these are underpinned by ethics, integrity and professionalism.

At CIMA’s roundtables on employability held in 2014, employers agree that the CGMA Competency Framework formulated by CIMA and the American Institute of CPAs contains the key skills most desirable in a finance and business leader. The CIMA-TalentCorp Employability Programme equips graduates with these key skills.

YEAR 1Students sign up for the programme

YEAR 2Conduct master classes and

student conferences for students

YEAR 3Assess students’ results to qualify for internship

YEAR 4Internship of 4 – 6 months begins

GRADUATEChoose to hire students with a

CIMA professional qualification

CGMACIMA members and CGMAs provide skills

to help your business succeed

THE KEY QUALITIESEMPLOYERS LOOK FOR:

Page 2: THE KEY QUALITIES THE UPSKILLING JOURNEY PREPARING BUSINESS ADDRESSING THE TALENT ... locations docs/Malaysia... · 2015-04-22 · CONTACT Winnie Ng T. +60 (0)3 77 230 338 E. winnie.ng@cimaglobal.com

CONTACTWinnie NgT. +60 (0)3 77 230 338E. [email protected]

CIMA SE Asia Sdn BhdLot 1.05, Level 1, KPMG Tower, 8 First Avenue, Bandar Utama, 47800 Petaling Jaya, Selangor, Malaysia

JOINT INVESTMENTBY 3 PARTIESThe CIMA qualification is the ultimate choice for employers wanting to train and develop finance staff into strategic business managers. A greater return for employers’ investmentis when your team is able to work efficiently in more complex areas of business.

CIMA : RM4,000TalentCorp & Employers: RM13,000 per person.

Employers are required to pay the initial amount and claim from TalentCorp once the students have passed their exams. The maximum amount of claims is up to RM7,500. In addition, SIP certified organisations are entitled to Double Tax Deduction for all-related expenses incurred on interns limited to a maximum of RM5,000 per student.

THE CIMA DIFFERENCESTARTING ON THEPROGRAMME

TAXINCENTIVE

STRUCTURED INTERNSHIPPROGRAMME (SIP)

PARTICIPATINGCOMPANIES

STRUCTURED INTERNSHIPPROGRAMME (SIP)

QUALIFYING CRITERIA

A company that hires interns to undergo its structured internship programme, endorsed-by TalentCorp, is eligible for double tax deduction for related expenses incurred on the interns.

1. Cover min 10 weeks duration2. Clearly state objectives and learning

outcomes of programme3. Define the monitoring and assessment

mechanisms4. Relevant to student’s field and

emphasize on technical business and personal competencies

5. Offer interns min cash or cash of equivalently monthly allowance of RM500

1. Partnership or Share capital (group) - min RM2.5m2. Revenue - average RM21m for the

past 3 years3. Define the monitoring and assessment

mechanisms4. Headcounts for manufacturing

- min 100 FTEs5. Years of establishment - min 5 years

ESTABLISHED EMPLOYERS WHO HIRE CIMA PROFESSIONALS/CGMAs

ABOUT USCGMAThe Chartered Global Management Accountant (CGMA) is a global management accounting designation that recognises the competencies of management accountants who have the skill and discipline to drive strong business performance. CGMA is created by the joint venture between the Chartered Institute of Management Accountants (CIMA) and the American Institure of Certified Public Accountants (AICPA), two of the world’s most prestigious accounting bodies.

CIMAFounded in 1919, the Chartered Institute of Management Accountants (CIMA) is the world’s leading and largest professional body of management accountants, with over 218,000 members and students operating in 177 countries, working at the heart of business. CIMA members and students work in industry, commerce, the public sector and not-for-profit organisations.

TalentCorpTalentCorp was established on 1 January 2011 under the Prime Minister’s Department to formulate and facilitate initiatives to address the availability of talent in line with the needs of the country’s economic transformation. Collaborating closely with relevant Government agencies and employers in priority economic sectors, TalentCorp develops demand-driven initiatives to enhance graduate employability, promote talent diversity, engage Malaysians abroad and facilitate foreign talent.

CIMA’s InvestmentTalentCorp’s InvestmentEmployer’s Investment

Investment for the Employability Programme