association of chartered certified accountants · presentation by mr howard ling, chief consultant...

© ACCA

The Association of Chartered Certified Accountants

© ACCA

1st International

Accountancy body

entering into China

© ACCA 3

MSc in Professional Accountancy

© ACCA

What do employers say about ACCA?

98% A respected brand

88% Provides relevant skills for

my business

88% Delivers complete finance

professionals with capability in

finance and management and

strategic accountancy

97% A world-class organisation

81% Shapes the agenda

of the profession

Source: ACCA Hong Kong Employer Survey 2017

© ACCA

Lifecycle of a business

Company

formation成立公司

Tax filing & planning

報稅及稅務策劃

Bank borrowing

銀行借款

Internal control

內部控制

Internal &

statutory audit

內部及法定審計 IPO

M&A 合併收購

Company doctors

公司醫生

Receiver 破產管理

Liquidation 清盤

Accounting is crucial

from birth to death of a company!

© ACCA 6

Public

Practice Industry &

Commerce Public Sector

Audit Assurance

Tax Advisory

Corporate

Recovery

Business

Consultancy

Risk Management

Financial

Accounting

Management

Accounting

Financial

Management

Treasury

Forensic

Accountant

General’s Office

Auditor General’s

Office

Public Sector

Accounting

Embracing change. Shaping futures. Together.

© ACCA

Driving the changes

The world is changing. Fast

The world needs strategic forward- thinking ACCA professional accountants

Professional accountants are more vital than ever

© ACCA

Professional Quotients build greater success

© ACCA

Technical and ethical competencies (TEQ) The

skills and abilities to perform activities to a defined standard,

while maintaining the highest standards of integrity,

independence and scepticism.

Intelligence (IQ) The ability to acquire

and use knowledge: thinking, reasoning,

solving problems and the ability to

understand and analyse situations that

are complex and ambiguous.

Emotional Intelligence (EQ) The

ability to identify your own emotions

and those of others, harness and apply

them to tasks, and regulate and

manage them.

Creative (CQ) The ability to use existing

knowledge in a new situation, to make

connections, explore potential outcomes

and generate new ideas.

Vision (VQ) The ability to predict

future trends accurately

by extrapolating existing trends and

facts, and filling the gaps by thinking

innovatively.

Digital (DQ) The awareness and

application of existing and emerging

digital technologies, capabilities,

practices, strategies and culture.

Experience (XQ) The ability and

skills to understand

customer expectations, to meet desired

outcomes and to create value.

Best Budgeting Award

Creative Excellence Award

Best Proposal Award Digital Excellence Award

Research Excellence Award

Team Excellence Award

© ACCA

This Competition is an Golden Opportunity for you to sharpen your 7Qs. And it is just a Start !

© ACCA

To be workplace ready and be

IN-DEMAND

© ACCA

www.accaglobal.com/hk/ce

© ACCA

You are the future Strategic Business Leaders !

© ACCA

Live Polling

© ACCA

Presentation by Mr Howard Ling, Chief Consultant Social Enterprise Business Centre

Ultimate Goal of Social Enterprise

One Parent Asked:

Why my daughter needed to sit here for 2 hours listening to social entrepreneurship which was totally not related to her medical study?

My Answer:

I cannot answer this directly, but I want to waste 5 more minutes of your time and your daughter’s precious time to listen to one more story related to this picture.

The brain can't do two things at once

Think in Pictures, Think in Sounds Think in smells Visual thinking

https://www.ted.com/talks/temple_grandin_the_world_needs_all_kinds_of_minds?language=zh-tw

https://www.youtube.com/watch?v=Ifsh6sojAvg

Foreign Solution Local Application

http://angelchild.hk

Tri-sector Leadership

August 25, 2016

• Tri-sector leaders are distinguished as much by mind-set as by experience. They typically have a strong sense of mission.

• It allows students to learn about the pressing issues in government, and what the latest ideas and best practices are, while seeing how cities struggle toward answers.

Interests in Mind

• Cause

• History

• Language

• Consequence

• Unique Purpose

• Totally Unrelated to Absolutely Related • http://hbr.org/video/3117517462001/why-kindness-is-

good-business

• Why so easy to understand, but difficult to do?

CSR 2017

• Corporations Teaming up with Non-profits or Social Enterprises

• Increased Branding via CSR

• Moving to Sustainable Resources

• Employees are getting more involved

• Social Brand, Company Brand, Personal Brand

Häagen-Dazs & ibakery

SE

a bridge a common language

a reason for all sides to act

Gov’t role

ACCA, HKCSS, 3 SEs Tri-sector Example

Coffee Time Celebrating 20 anniversary

20 years of efforts

Turning Point

Her presentation

https://www.youtube.com/watch?v=ZIo9n_U2SMU

Predicament inspires change, change finds a passage , and passage leads to long-term solution – I Ching

Showroom & Ripple Effect

A family lights up a lamp at home.

He puts an extra lamp outside for the family so that all family members can easily find their home.

The light is strong enough to lit up the street. Everyone calls it the street lamp.

Someone likes it and tries it at his or her home, and the community benefits it.

Is it a home lamp or street lamp?

We don’t know, but we know that it is the light that helps everyone.

Keep thinking about it, and the light will come.

Q&A

Thank you for listening! howard.ling@hkcss.org.hk

© ACCA

Presentation by Mr Ian Arcebal, Training Manager ASKI Global Limited

INCLUSIVE FINANCE

FOR THE EXCLUDED

The Case of

ASKI Global Limited

Creating Opportunities, Serving OFW Communities

Vision A global centre that promotes inclusive and sustainable development for all.

Mission To help migrant workers, ethnic minorities and their families and the society at large become financially literate and independent through entrepreneurial coaching and training.

“ASKI Global intends to change the mind-set and remittance behaviours of

migrant workers”

ASKI Global Limited

42

Creating Opportunities, Serving OFW Communities

Why Migrant Workers & EMs?

• Labour migration is a trend that creates immense challenges as well as opportunities for countries in the Asia-Pacific

• Demographic trends and uneven development patterns in Asia suggest that labour migration will continue to grow

43

Creating Opportunities, Serving OFW Communities

Our Current Students in HK

PLANS & DREAMS

• Pay their loans

• Buy, construct or renovate their houses

• Purchase educational and health insurance

• Put up or invest in a business

• 99% females

• 99% household service workers

• 100% Filipinos

• Breadwinners of their respective families

44

Creating Opportunities, Serving OFW Communities

Financial Inclusion Model

OUR TRIPLE BOTTOM LINE • Education first before

microfinancing or

enterprise development

• Back-to-back financial

education for migrant

workers as well as their

families

• Partnerships with other

microfinance institutions

and commercial banks

45

Creating Opportunities, Serving OFW Communities

Programmes Offered

Financial Education Basic Entrepreneurship

Business Coaching

46

Creating Opportunities, Serving OFW Communities

Programmes Offered

Financial Education

47

SHEconomics

Creating Opportunities, Serving OFW Communities

Programmes Offered

Basic Entrepreneurship

48

Creating Opportunities, Serving OFW Communities

Programme Methodology

• Customised course based on migrant workers’ profiles

• Use of highly interactive materials and “live case” approach

• Back-to-back training of migrant workers and their families

Students graduating at the National University of Singapore

49

Creating Opportunities, Serving OFW Communities

Behavioural Changes

PROFILING EDUCATION

• Tweak learning materials

• Develop new thought pieces/cases

• Customized thought pieces instead of lengthy case studies

• Interactive learning activities (board game, role play)

• Recital instead of test

AWARENESS

ACTION

EXCITEMENT

• Save or save more

• Open bank accounts in Singapore through employers

• Invest

• Investment club

• Establishment of family enterprises

• Own savings

• Microfinance loans

• Development of personal plan

• Business to grow in 3 – 5 years

• Return home to families for good

BEHAVIOURAL

CHANGES (OFWS

& FAMILIES)

Creating Opportunities, Serving OFW Communities

Impact Measurement

• Over 7,000 have completed and graduated from our programs

• 90% have become savers, saving 20% of their salaries

• 33% have invested in financial instruments

• Half of the graduates have established microenterprises using their savings

• 230 OFWs have returned home permanently

• Around 50% concretizing their years left

51

Creating Opportunities, Serving OFW Communities

Impact Measurement

• Over 1,700 have completed and graduated from our programs

• 90% have become savers, saving 20% of their salaries

• 13% have invested in financial instruments

• Half of the graduates have established microenterprises using their savings

• 30 OFWs have returned home permanently

• Around 50% concretizing their years in Singapore

FINANCIAL EMPOWERMENT

52

Creating Opportunities, Serving OFW Communities

Impact Measurement

• Over 1,700 have completed and graduated from our programs

• 90% have become savers, saving 20% of their salaries

• 13% have invested in financial instruments

• Half of the graduates have established microenterprises using their savings

• 30 OFWs have returned home permanently

• Around 50% concretizing their years in Singapore

FINANCIAL EMPOWERMENT

WEALTH CREATION

53

Creating Opportunities, Serving OFW Communities

Impact Measurement

• Over 1,700 have completed and graduated from our programs

• 90% have become savers, saving 20% of their salaries

• 13% have invested in financial instruments

• Half of the graduates have established microenterprises using their savings

• 30 OFWs have returned home permanently

• Around 50% concretizing their years in Singapore

FINANCIAL EMPOWERMENT

WEALTH CREATION

JOB GENERATION

54

Creating Opportunities, Serving OFW Communities

Impact Measurement

FINANCIAL EMPOWERMENT

WEALTH CREATION

JOB GENERATION

FAMILY REUNIFICATION

55

Creating Opportunities, Serving OFW Communities

Achievements

• Asia CEO Awards

• Awarded the i-Remit Heart for OFWs

Company of the Year in November 2015

• Other Awards & Recognitions

• Bagong Bayani (Modern-Day Hero)

Magazine Outstanding Organization

Award, April 2013

• Model on Crossborder Microfinancing as

a Financial Inclusion Strategy for Migrant

Workers in Asia

• International Model on Crossborder

Microfinancing and Back-to-Back

Education of Migrant Workers and their

Respective Families as a Financial

Inclusion Strategy 56

Creating Opportunities, Serving OFW Communities

Localization

As a newly registered social enterprise in HK and having an outstanding track record in creating significant impact and assisting underserved sectors in Singapore, where the program was launched in 2010, ASKI Global trained over 7,000 participants coming from countries such as the Philippines, Indonesia, Malaysia, Sri Lanka, India, Bangladesh, and Myanmar. We intend to adopt similar objectives and bottomlines.

57

Creating Opportunities, Serving OFW Communities

Volunteer Engagement

Volunteer-students who will take part in the program will assist in the following areas:

• Module and Training Materials Development and Enhancement

• Marketing Strategy - Partnership building with social enterprises assisting EM communities & identification of possible OJT placements for EMs (training ground before they start their enterprises)

• Monitoring and Evaluation of the Project Impact using the SROI (Social Return on Investment) tool

59

53-55 Lockhart Road

3rd Floor SPA Centre

Wan Chai, Hong Kong

Tel No. (+852)98700741

www.askiglobal.com.sg

www.facebook.com/ASKIGlobalHK

© ACCA

Presentation by Mr K. T. Szeto, Centre Manager Humanitarian Education Centre

Service Introduction

Sze-To Kin Tat Centre Manager

https://www.youtube.com/watch?v=9q0w7RmGycU&list=PLAA3E980F4BA9E0D1&index=163

To establish ourselves as a base for humanitarian education by: Humanitarian Values Dissemination Humanitarian Perspective Establishment Humanitarian Actions Response

Our Vision

What is Humanitarian Education?

What is Humanitarian Education?

Humanitarian Education: Enables individuals to interpret situations from a Humanitarian Perspective and

Empowers them to address challenges and take action in the spirit of the Fundamental Principles and Humanitarian Values of the Red Cross and Red Crescent Movement.

Why promoting Humanitarian Education?

We have entered a new era, and it is not a peaceful one. It is an era of protracted armed conflicts, which add up to a world at war. The causes are complex. The consequences are far-reaching. The humanitarian implications are massive.

Peter Maurer President of the International Committee of the Red Cross

2015.10.31 http://www.icrc.org/zh/document/peter-maurer-respect-laws-of-war

Why promoting Humanitarian Education?

In the face of blatant inhumanity, the world has responded with disturbing paralysis…The world must reaffirm its humanity and uphold its commitments under international humanitarian law.

Ban Ki-moon The Secretary-General of the United Nations

2015.10.31 http://www.icrc.org/zh/document/conflict-disaster-crisis-UN-red-cross-issue-warning

Why promoting Humanitarian Education?

How to implement Humanitarian Education?

EXPERIENCE

EXCHANGE

ENGAGEMENT

EXPLORE

4E Design

How to implement Humanitarian Education?

Humanitarian Education Centre

1. Exhibition Zone 2. Exploration Zone

Exhibition Zone

Strives to turn abstract concepts of humanity into concrete and realistic actions through a variety of thematic exhibitions and visits.

Exploration Zone

Audio-visual and tactile effects are utilised to allow visitors to explore and experience. By reflecting on various humanitarian issues, they will better understand and recognise the universal values of humanity.

Exploration Zone

Exploration Zone

Children in War

• First War Experience Centre in Asia • 90 minutes unusual Journey • Bring you to the War Zone • Provide two different routes • Taste of Desperation • Experience of Hope • Call for Humanitarian Actions

Other HE Programme

Our Manpower

Manager

Assistant Manager

(Administration)

Assistant Manager

(Education)

Programme Executive

Volunteer Instructors

Assistant Manager

(Education)

Programme Executive

Volunteer Team

• Challenges – Price

– Promotion

– Marketing

– Manpower

– Evaluation

• Opportunities – First War Experience

Centre in Asia

– Matching with Agency 5 year plan SA 3

– Very new and unique in HK especially for schools

– Cooperation among Similar NGOs

– Supported by International Red Cross

Opportunities and Challenges