Certified Practising Accountants

Papua New Guinea

Monthly Newsletter

Issue 2 | March 2016

Subscription Information

CPA PNG Newsletter is published once a month A free monthly newsletter to members creating value in

providing information about events and issues affecting the Professional Accountancy Body

Past copies are archived on our website httpwwwcpapngorgpg newsletters Published by

CPA PNG PO Box 1937 Port Moresby NCD Tel 3212105 Fax 3200469 Email cpapngcpapngorgpg Copyright Notice

copy 2016 CPA PNG All rights reserved

You are encouraged to share the contents with others with appropriate acknowledgment

Connect with us on LinkedIn Facebook Twitter etc

Presidentrsquos Message

Branch News

CPD Schedule

Exams Schedule

Ric Willmot CPD

Flashpoint

From the President

2

Greetings and welcome to the second newsletter of the year This will

be my first message of many to come

As newly elected President of CPA PNG I want the CPA administration

to embrace information technology to the fullest to bring services to the

members and create the efficiency in our administration processes

Professional Accountancy Organisations thrive on lsquoKnowledgersquo as a

Core Commodity We are in the business of creating and holding

knowledge and making it accessible to members of our Community In

this age organisations look to technology to improve performance and

customer satisfaction Technology is becoming a critical success factor

and can be better used to improve business results For the next 8

months the Council will focus on laying the foundation to invest in

Information Communication Technology (ICT) that will be designed as a

long term plan to improve business performance for CPA PNG for the

long haul We envisage that the end game of such investment in ICT

would be to improve service delivery to members through online

services and to improve responsiveness to members Certain routine

tasks and internal processes would be automated so that we can

achieve operational efficiencies that can reduce costs and improve

performance in the long run

As part of this IT improvement process we want to know what services

you expect of CPA PNG It may be a better catalogue of resource

materials to draw on self-updating of membership details and

uploading of CPD etc An online survey will be emailed to you shortly

Please take your time to complete this as this will affect how we design

the IT services

Ultimately the ICT environment should improve CPA PNGrsquos overall

performance A strong integrated interactive and versatile ICT system

can raise the bar to perform better

Richard Kuna

President CPA PNG 2016

MESSAGES CPA PNG | Issue 2 | March 2016

RICHARD KUNA

Lae Branch Manager Visits Institution

By Vincent Kuma

The Lae Branch Manager Mr Kuma as part of the

ldquoJunior Accountants Developmentrdquo program of CPA

PNG visited several schools in Lae Morobe province

The highlight of the visits was PNG University of Technol-

ogy (Unitech) where a total of 140 student received

membership and FOA examination registration forms

The students have started registering for both member-

ship and examination

3

UNITECH students participated in development program with Lae Branch Manager

Insert Male students pose for photo shooting Picture amp story by V Kuma

Certified Practising Accountants Papua New Guinea CPA PNG is the premier accountancy professional body in PNG with a membership of over 4000 and growing and is the choice of employers and clients CPA PNG provides a wide range of services to its members and is the guardian of many compliance issues vital to the business community We are seeking to appoint a Director Finance amp Administration Reporting to the Executive Director the responsibilities include the following

Accounting finance and planning

- Timely preparation of monthly accounts and activity reports of conferences and CPEs - Preparation of annual report and annual budget - Manage the investment portfolios - Attend to all statutory accounting and compliance requirements - Supervise and ensure that all accounting functions are performed within the applicable standards

Administration of all CPAPNG properties

General administration of the functions of CPA PNG

Maintain and update membership database

General Information Technology requirements including email

membership database server and LAN

Develop and maintain the library

Production of quarterly journals

Assist the Director Academic with Continuing Professional Education (CPE)

and examinations

Close working relationship with the various Committees

Other tasks as directed by the Executive Director

Applicants must be a CPA hold a Bachelorrsquos degree in

Accounting or Commerce A postgraduate qualification

would be an advantage Information Technology skills are

also a necessary pre-requisite

This position requires a capable energetic person who will

maintain high ethical standards and promote the profession

The commencing remuneration package is negotiable and is

dependent on ability commitment qualifications and

experience

Applications should include detailed curriculum vitae and the

names and contact addresses of three referees who are in

PNG or have recently worked in PNG

Applications should be sent to The President

CPA Papua New Guinea

PO Box 1937

Port Moresby

Or Hand Delivered to CPA Haus Armit Street

Port Moresby

We prefer that applications should not be faxed

Applications close by 5pm on Friday 1 April 2016

Branch News CPA PNG | Issue 2 | March 2016

Busu Secondary Another school visited was

Busu Secondary School in

which the business studies

stream of year 11 amp 12

students met with

Mr Vincent Kuma They were

informed among others to

apply to institutions

recognised by Certified

Practising Accountants of

Papua New Guinea

(CPA PNG) since we have

experienced turning away

diploma graduates from

unrecognised institutions in

the country The only

option is to apply to a

recognised institution and

complete diploma program

before they become

members of CPAPNG

POSITION VACANT

CPD Schedule - Semester 12016 CPA PNG | Issue 2 | March 2016

Topic Presenter Date Month Location Venue Comments

1 Fundamentals of Auditing NKalyanaraman Fri01 April Kokopo Kokopo Village Resort

2 Superannuation Fund amp Products F Lokalyo Thu 07 April Port Moresby Crowne Plaza

3 Superannuation Fund amp Products F Lokalyo Fri 08 April Port Moresby Crowne Plaza

4 Basic Accounting ndashAccounting Cycle S Babu Thur21 April Port Moresby Crowne Plaza

5 Bank reconciliation Statement

Preparration - Petty Cash

Management system

S Babu Fri 22 April Port Moresby Crowne Plaza

6 Preparation amp Presentation of

Financial Statements - Cash Flow

Statement

S Babu Thur19 May Port Moresby Crowne Plaza

7 Cash Budget Preparation S Babu Fri 20 May Port Moresby Crowne Plaza

8 Basic Accounting Course J Walom MonTue1112 April Kokopo Kokopo Village Resort Deferred from Feb

9 Taxation of Individuals J Walom Tue 13 April Kokopo Kokopo Village Resort Deferred from Feb

10 Financial Statement Analysis J Walom Wed 14 April Kokopo Kokopo Village Resort Deferred from Feb

11 Basic Accounting Course J Walom MonTue910 May Kimbe Kimbe Bay Hotel Deferred from April

12 Taxation of Individuals J Walom Tue 11 May Kimbe Kimbe Bay Hotel Deferred from April

13 Financial Statement Analysis J Walom Wed 12 May Kimbe Kimbe Bay Hotel Deferred from April

14 Fundamentals of Accounting K Kepore Tue Wed 12-13 April Alotau Alotau Inter Hotel Deferred from March

15 Taxation of IndividualSalary amp

Wages earners

K Kepore Thur 14 April Alotau Alotau Inter Hotel Deferred from March

16 Ethics of Accountants K Kepore Fri 15 April Alotau Alotau Inter Hotel Deferred from March

17 Financial Statement Analysis K Kepore Tue 19 Apr Madang Madang Star Hotel Deferred from

February

18 Ethics for Accountants K Kepore Wed 20 Apr Madang Madang Star Hotel Deferred from

February

19 Fundamentals of Accounting K Kepore TueWed 10-11 May Pogera Mountain Lodge Deferred from April

20 Income Tax amp Training Levy Returns K Kepore ThurFri 12-13 May Pogera Mountain Lodge Deferred from April

21 Financial Statement Analysis K Kepore Mon 16 May Kavieng Kavieng Hotel Deferred from April

22 Ethics for Accountants K Kepore Tue 17 May Kavieng Kavieng Hotel Deferred from April

23 Basic Accounting Course V Kuma Mon 11 April Lae Lae Inter Hotel

24 Basic Accounting Course V Kuma Tue 12 April Lae Lae Inter Hotel

25 Accounting for Fixed Assets V Kuma Wed 13 April Lae Lae Inter Hotel

26 Income Tax amp Training Levy Returns V Kuma Thu 14 April Lae Lae Inter Hotel

27 Accounting amp Taxation for Small and

medium sized Businesses

Y Tau Mon 11 Apr Mt Hagen Hotel Poroman Deferred from

February

28 Preparation of Income Tax amp

Training Levy Return

Y Tau Tue 12 Apr Mt Hagen Hotel Poroman Deferred from

February

29 Legal Framework under the Public

Finance Management Act

T Holland Wed 18 May Lae Lae Inter Hotel

30 Annual Appropriations and the

Appropriation Acts

T Holland Thu 19 May Lae Lae Inter Hotel

4

Professional Exam Schedule - Semester 12016 CPA PNG | Issue 2 | March 2016

5

ADVERTISING ENQUIRES

Public Relations Officer Michael J Kerenga

Tel (675) 321 2105320 18917759 2471

Email mkerengacpapngorgpg

CPA PNG will be publishing Bi-Annual

Journals in June amp December this year

We would like to invite your participation in

advertising your product and services

Professional Examination Schedule - Semester 12016

DUE DATES FOR EXAM DEFERALWITHDRAWAL WITHOUT PENALITY THURSDAY 31 MARCH 2016

SUBJECTS EXAM DATES

Foundations of Accounting (CPACAT ) MON 23rd May 2016

Introduction to Taxation Law amp Practice (CAT ) TUE 24th May 2016

Taxation Law amp Practice (CPA ) TUE 24th May 2016

Strategic Management Accounting (CPA ) WED 25th May 2016

Management Accounting (CAT ) WED 25th May 2016

Ethics amp Governance (CPACAT ) WED 25th May 2016

Financial Risk Management (CPA ) THUR 26th May 2016

Financial Accounting amp Reporting (CAT ) THUR 26th May 2016

Financial Reporting (CPA ) THUR 26th May 2016

Advanced Audit amp Assurance (CPA ) FRI 27th May 2016

Introduction to Business Law (CAT ) FRI 27th May 2016

Business Law (CPA ) FRI 27th May 2016

DATE Tuesday 14th June 2016 Venue Crowne Plaza Hotel

TOPIC Formulating Strategic Mindset

By Ric Willmot From Australia to Asia the United States and Europe Ric

Willmot is the go-to person for CEOs senior executives

and professional service providers

in law accounting financial

services consulting recruitment

business coaching etc Ric is a

world-class thought leader and

mentor of CEOs around the world

For more information call Roddie or Norma at Certified Practising Accountants PNG on

Telephone numbers 321 2105 320 1891 or email roddiecpapngorgpg norma_nailinacpapngorgpg

Development Workshops Executive Professional

DATE Wednesday 15th June 2016 Venue Crowne Plaza Hotel

TOPIC Applying Framework under the Public Finance

Management Acts

Members - K2200 amp Non Members - K2970 Fees include GST plus lunch and tea NB Register for both education

workshops and receive 10 discount

6

Ric Willmot CPD scheduled for 14th15th June 2016 CPA PNG | Issue 2 | March 2016

Last week Mr Ric Willmot delivered two executive

education programs for CPA PNG and he then spoke at

the Air Niugini Freight conference Air Niugini is placing

an order of books for their staff and Ric has offered our

members the opportunity to order books and take

advantage of the significant discount Air Niugini are

receiving

Attached is a brochure with Ricrsquos books and audio

programs listed There is an order form at the back of the

brochure Complete your order form scan it and e-mail

to infoexecutivewisdomcom by 31 March 2016

The great news is you can

purchase any product in Kina

That is half-price So as an

example Change 601 will not

cost you $3850 but only K38 hellip

and because the orders will

be delivered direct to CPA

PNG in Port Moresby the costs

of postage and handling from

the publishers in the USA will

be paid for by Ric thereby

costing you nothing

You will notice there is a 3-

book bundle that is incredible

value for only $99 You can buy the 3-book bundle for

only K99 with free postage Thatrsquos great value

Remember all orders must be received by 31 March

2016 to access the generous discount prices Visit CPA

PNG website now and Click on cpd page to download

SPECIAL BOOK OFFER TO CPA PNG MEMBERS

Participants pose for a group photo Picture Courtesy CPA PNG

WORKSHOP 1 WORKSHOP 2

Lae Branch Manager Visits Institution

By Vincent Kuma

The Lae Branch Manager Mr Kuma as part of the

ldquoJunior Accountants Developmentrdquo program of CPA

PNG visited several schools in Lae Morobe province

The highlight of the visits was PNG University of Technol-

ogy (Unitech) where a total of 140 student received

membership and FOA examination registration forms

The students have started registering for both member-

ship and examination

3

UNITECH students participated in development program with Lae Branch Manager

Insert Male students pose for photo shooting Picture amp story by V Kuma

Certified Practising Accountants Papua New Guinea CPA PNG is the premier accountancy professional body in PNG with a membership of over 4000 and growing and is the choice of employers and clients CPA PNG provides a wide range of services to its members and is the guardian of many compliance issues vital to the business community We are seeking to appoint a Director Finance amp Administration Reporting to the Executive Director the responsibilities include the following

Accounting finance and planning

- Timely preparation of monthly accounts and activity reports of conferences and CPEs - Preparation of annual report and annual budget - Manage the investment portfolios - Attend to all statutory accounting and compliance requirements - Supervise and ensure that all accounting functions are performed within the applicable standards

Administration of all CPAPNG properties

General administration of the functions of CPA PNG

Maintain and update membership database

General Information Technology requirements including email

membership database server and LAN

Develop and maintain the library

Production of quarterly journals

Assist the Director Academic with Continuing Professional Education (CPE)

and examinations

Close working relationship with the various Committees

Other tasks as directed by the Executive Director

Applicants must be a CPA hold a Bachelorrsquos degree in

Accounting or Commerce A postgraduate qualification

would be an advantage Information Technology skills are

also a necessary pre-requisite

This position requires a capable energetic person who will

maintain high ethical standards and promote the profession

The commencing remuneration package is negotiable and is

dependent on ability commitment qualifications and

experience

Applications should include detailed curriculum vitae and the

names and contact addresses of three referees who are in

PNG or have recently worked in PNG

Applications should be sent to The President

CPA Papua New Guinea

PO Box 1937

Port Moresby

Or Hand Delivered to CPA Haus Armit Street

Port Moresby

We prefer that applications should not be faxed

Applications close by 5pm on Friday 1 April 2016

Branch News CPA PNG | Issue 2 | March 2016

Busu Secondary Another school visited was

Busu Secondary School in

which the business studies

stream of year 11 amp 12

students met with

Mr Vincent Kuma They were

informed among others to

apply to institutions

recognised by Certified

Practising Accountants of

Papua New Guinea

(CPA PNG) since we have

experienced turning away

diploma graduates from

unrecognised institutions in

the country The only

option is to apply to a

recognised institution and

complete diploma program

before they become

members of CPAPNG

POSITION VACANT

CPD Schedule - Semester 12016 CPA PNG | Issue 2 | March 2016

Topic Presenter Date Month Location Venue Comments

1 Fundamentals of Auditing NKalyanaraman Fri01 April Kokopo Kokopo Village Resort

2 Superannuation Fund amp Products F Lokalyo Thu 07 April Port Moresby Crowne Plaza

3 Superannuation Fund amp Products F Lokalyo Fri 08 April Port Moresby Crowne Plaza

4 Basic Accounting ndashAccounting Cycle S Babu Thur21 April Port Moresby Crowne Plaza

5 Bank reconciliation Statement

Preparration - Petty Cash

Management system

S Babu Fri 22 April Port Moresby Crowne Plaza

6 Preparation amp Presentation of

Financial Statements - Cash Flow

Statement

S Babu Thur19 May Port Moresby Crowne Plaza

7 Cash Budget Preparation S Babu Fri 20 May Port Moresby Crowne Plaza

8 Basic Accounting Course J Walom MonTue1112 April Kokopo Kokopo Village Resort Deferred from Feb

9 Taxation of Individuals J Walom Tue 13 April Kokopo Kokopo Village Resort Deferred from Feb

10 Financial Statement Analysis J Walom Wed 14 April Kokopo Kokopo Village Resort Deferred from Feb

11 Basic Accounting Course J Walom MonTue910 May Kimbe Kimbe Bay Hotel Deferred from April

12 Taxation of Individuals J Walom Tue 11 May Kimbe Kimbe Bay Hotel Deferred from April

13 Financial Statement Analysis J Walom Wed 12 May Kimbe Kimbe Bay Hotel Deferred from April

14 Fundamentals of Accounting K Kepore Tue Wed 12-13 April Alotau Alotau Inter Hotel Deferred from March

15 Taxation of IndividualSalary amp

Wages earners

K Kepore Thur 14 April Alotau Alotau Inter Hotel Deferred from March

16 Ethics of Accountants K Kepore Fri 15 April Alotau Alotau Inter Hotel Deferred from March

17 Financial Statement Analysis K Kepore Tue 19 Apr Madang Madang Star Hotel Deferred from

February

18 Ethics for Accountants K Kepore Wed 20 Apr Madang Madang Star Hotel Deferred from

February

19 Fundamentals of Accounting K Kepore TueWed 10-11 May Pogera Mountain Lodge Deferred from April

20 Income Tax amp Training Levy Returns K Kepore ThurFri 12-13 May Pogera Mountain Lodge Deferred from April

21 Financial Statement Analysis K Kepore Mon 16 May Kavieng Kavieng Hotel Deferred from April

22 Ethics for Accountants K Kepore Tue 17 May Kavieng Kavieng Hotel Deferred from April

23 Basic Accounting Course V Kuma Mon 11 April Lae Lae Inter Hotel

24 Basic Accounting Course V Kuma Tue 12 April Lae Lae Inter Hotel

25 Accounting for Fixed Assets V Kuma Wed 13 April Lae Lae Inter Hotel

26 Income Tax amp Training Levy Returns V Kuma Thu 14 April Lae Lae Inter Hotel

27 Accounting amp Taxation for Small and

medium sized Businesses

Y Tau Mon 11 Apr Mt Hagen Hotel Poroman Deferred from

February

28 Preparation of Income Tax amp

Training Levy Return

Y Tau Tue 12 Apr Mt Hagen Hotel Poroman Deferred from

February

29 Legal Framework under the Public

Finance Management Act

T Holland Wed 18 May Lae Lae Inter Hotel

30 Annual Appropriations and the

Appropriation Acts

T Holland Thu 19 May Lae Lae Inter Hotel

4

Professional Exam Schedule - Semester 12016 CPA PNG | Issue 2 | March 2016

5

ADVERTISING ENQUIRES

Public Relations Officer Michael J Kerenga

Tel (675) 321 2105320 18917759 2471

Email mkerengacpapngorgpg

CPA PNG will be publishing Bi-Annual

Journals in June amp December this year

We would like to invite your participation in

advertising your product and services

Professional Examination Schedule - Semester 12016

DUE DATES FOR EXAM DEFERALWITHDRAWAL WITHOUT PENALITY THURSDAY 31 MARCH 2016

SUBJECTS EXAM DATES

Foundations of Accounting (CPACAT ) MON 23rd May 2016

Introduction to Taxation Law amp Practice (CAT ) TUE 24th May 2016

Taxation Law amp Practice (CPA ) TUE 24th May 2016

Strategic Management Accounting (CPA ) WED 25th May 2016

Management Accounting (CAT ) WED 25th May 2016

Ethics amp Governance (CPACAT ) WED 25th May 2016

Financial Risk Management (CPA ) THUR 26th May 2016

Financial Accounting amp Reporting (CAT ) THUR 26th May 2016

Financial Reporting (CPA ) THUR 26th May 2016

Advanced Audit amp Assurance (CPA ) FRI 27th May 2016

Introduction to Business Law (CAT ) FRI 27th May 2016

Business Law (CPA ) FRI 27th May 2016

DATE Tuesday 14th June 2016 Venue Crowne Plaza Hotel

TOPIC Formulating Strategic Mindset

By Ric Willmot From Australia to Asia the United States and Europe Ric

Willmot is the go-to person for CEOs senior executives

and professional service providers

in law accounting financial

services consulting recruitment

business coaching etc Ric is a

world-class thought leader and

mentor of CEOs around the world

For more information call Roddie or Norma at Certified Practising Accountants PNG on

Telephone numbers 321 2105 320 1891 or email roddiecpapngorgpg norma_nailinacpapngorgpg

Development Workshops Executive Professional

DATE Wednesday 15th June 2016 Venue Crowne Plaza Hotel

TOPIC Applying Framework under the Public Finance

Management Acts

Members - K2200 amp Non Members - K2970 Fees include GST plus lunch and tea NB Register for both education

workshops and receive 10 discount

6

Ric Willmot CPD scheduled for 14th15th June 2016 CPA PNG | Issue 2 | March 2016

Last week Mr Ric Willmot delivered two executive

education programs for CPA PNG and he then spoke at

the Air Niugini Freight conference Air Niugini is placing

an order of books for their staff and Ric has offered our

members the opportunity to order books and take

advantage of the significant discount Air Niugini are

receiving

Attached is a brochure with Ricrsquos books and audio

programs listed There is an order form at the back of the

brochure Complete your order form scan it and e-mail

to infoexecutivewisdomcom by 31 March 2016

The great news is you can

purchase any product in Kina

That is half-price So as an

example Change 601 will not

cost you $3850 but only K38 hellip

and because the orders will

be delivered direct to CPA

PNG in Port Moresby the costs

of postage and handling from

the publishers in the USA will

be paid for by Ric thereby

costing you nothing

You will notice there is a 3-

book bundle that is incredible

value for only $99 You can buy the 3-book bundle for

only K99 with free postage Thatrsquos great value

Remember all orders must be received by 31 March

2016 to access the generous discount prices Visit CPA

PNG website now and Click on cpd page to download

SPECIAL BOOK OFFER TO CPA PNG MEMBERS

Participants pose for a group photo Picture Courtesy CPA PNG

WORKSHOP 1 WORKSHOP 2

CPD Schedule - Semester 12016 CPA PNG | Issue 2 | March 2016

Topic Presenter Date Month Location Venue Comments

1 Fundamentals of Auditing NKalyanaraman Fri01 April Kokopo Kokopo Village Resort

2 Superannuation Fund amp Products F Lokalyo Thu 07 April Port Moresby Crowne Plaza

3 Superannuation Fund amp Products F Lokalyo Fri 08 April Port Moresby Crowne Plaza

4 Basic Accounting ndashAccounting Cycle S Babu Thur21 April Port Moresby Crowne Plaza

5 Bank reconciliation Statement

Preparration - Petty Cash

Management system

S Babu Fri 22 April Port Moresby Crowne Plaza

6 Preparation amp Presentation of

Financial Statements - Cash Flow

Statement

S Babu Thur19 May Port Moresby Crowne Plaza

7 Cash Budget Preparation S Babu Fri 20 May Port Moresby Crowne Plaza

8 Basic Accounting Course J Walom MonTue1112 April Kokopo Kokopo Village Resort Deferred from Feb

9 Taxation of Individuals J Walom Tue 13 April Kokopo Kokopo Village Resort Deferred from Feb

10 Financial Statement Analysis J Walom Wed 14 April Kokopo Kokopo Village Resort Deferred from Feb

11 Basic Accounting Course J Walom MonTue910 May Kimbe Kimbe Bay Hotel Deferred from April

12 Taxation of Individuals J Walom Tue 11 May Kimbe Kimbe Bay Hotel Deferred from April

13 Financial Statement Analysis J Walom Wed 12 May Kimbe Kimbe Bay Hotel Deferred from April

14 Fundamentals of Accounting K Kepore Tue Wed 12-13 April Alotau Alotau Inter Hotel Deferred from March

15 Taxation of IndividualSalary amp

Wages earners

K Kepore Thur 14 April Alotau Alotau Inter Hotel Deferred from March

16 Ethics of Accountants K Kepore Fri 15 April Alotau Alotau Inter Hotel Deferred from March

17 Financial Statement Analysis K Kepore Tue 19 Apr Madang Madang Star Hotel Deferred from

February

18 Ethics for Accountants K Kepore Wed 20 Apr Madang Madang Star Hotel Deferred from

February

19 Fundamentals of Accounting K Kepore TueWed 10-11 May Pogera Mountain Lodge Deferred from April

20 Income Tax amp Training Levy Returns K Kepore ThurFri 12-13 May Pogera Mountain Lodge Deferred from April

21 Financial Statement Analysis K Kepore Mon 16 May Kavieng Kavieng Hotel Deferred from April

22 Ethics for Accountants K Kepore Tue 17 May Kavieng Kavieng Hotel Deferred from April

23 Basic Accounting Course V Kuma Mon 11 April Lae Lae Inter Hotel

24 Basic Accounting Course V Kuma Tue 12 April Lae Lae Inter Hotel

25 Accounting for Fixed Assets V Kuma Wed 13 April Lae Lae Inter Hotel

26 Income Tax amp Training Levy Returns V Kuma Thu 14 April Lae Lae Inter Hotel

27 Accounting amp Taxation for Small and

medium sized Businesses

Y Tau Mon 11 Apr Mt Hagen Hotel Poroman Deferred from

February

28 Preparation of Income Tax amp

Training Levy Return

Y Tau Tue 12 Apr Mt Hagen Hotel Poroman Deferred from

February

29 Legal Framework under the Public

Finance Management Act

T Holland Wed 18 May Lae Lae Inter Hotel

30 Annual Appropriations and the

Appropriation Acts

T Holland Thu 19 May Lae Lae Inter Hotel

4

Professional Exam Schedule - Semester 12016 CPA PNG | Issue 2 | March 2016

5

ADVERTISING ENQUIRES

Public Relations Officer Michael J Kerenga

Tel (675) 321 2105320 18917759 2471

Email mkerengacpapngorgpg

CPA PNG will be publishing Bi-Annual

Journals in June amp December this year

We would like to invite your participation in

advertising your product and services

Professional Examination Schedule - Semester 12016

DUE DATES FOR EXAM DEFERALWITHDRAWAL WITHOUT PENALITY THURSDAY 31 MARCH 2016

SUBJECTS EXAM DATES

Foundations of Accounting (CPACAT ) MON 23rd May 2016

Introduction to Taxation Law amp Practice (CAT ) TUE 24th May 2016

Taxation Law amp Practice (CPA ) TUE 24th May 2016

Strategic Management Accounting (CPA ) WED 25th May 2016

Management Accounting (CAT ) WED 25th May 2016

Ethics amp Governance (CPACAT ) WED 25th May 2016

Financial Risk Management (CPA ) THUR 26th May 2016

Financial Accounting amp Reporting (CAT ) THUR 26th May 2016

Financial Reporting (CPA ) THUR 26th May 2016

Advanced Audit amp Assurance (CPA ) FRI 27th May 2016

Introduction to Business Law (CAT ) FRI 27th May 2016

Business Law (CPA ) FRI 27th May 2016

DATE Tuesday 14th June 2016 Venue Crowne Plaza Hotel

TOPIC Formulating Strategic Mindset

By Ric Willmot From Australia to Asia the United States and Europe Ric

Willmot is the go-to person for CEOs senior executives

and professional service providers

in law accounting financial

services consulting recruitment

business coaching etc Ric is a

world-class thought leader and

mentor of CEOs around the world

For more information call Roddie or Norma at Certified Practising Accountants PNG on

Telephone numbers 321 2105 320 1891 or email roddiecpapngorgpg norma_nailinacpapngorgpg

Development Workshops Executive Professional

DATE Wednesday 15th June 2016 Venue Crowne Plaza Hotel

TOPIC Applying Framework under the Public Finance

Management Acts

Members - K2200 amp Non Members - K2970 Fees include GST plus lunch and tea NB Register for both education

workshops and receive 10 discount

6

Ric Willmot CPD scheduled for 14th15th June 2016 CPA PNG | Issue 2 | March 2016

Last week Mr Ric Willmot delivered two executive

education programs for CPA PNG and he then spoke at

the Air Niugini Freight conference Air Niugini is placing

an order of books for their staff and Ric has offered our

members the opportunity to order books and take

advantage of the significant discount Air Niugini are

receiving

Attached is a brochure with Ricrsquos books and audio

programs listed There is an order form at the back of the

brochure Complete your order form scan it and e-mail

to infoexecutivewisdomcom by 31 March 2016

The great news is you can

purchase any product in Kina

That is half-price So as an

example Change 601 will not

cost you $3850 but only K38 hellip

and because the orders will

be delivered direct to CPA

PNG in Port Moresby the costs

of postage and handling from

the publishers in the USA will

be paid for by Ric thereby

costing you nothing

You will notice there is a 3-

book bundle that is incredible

value for only $99 You can buy the 3-book bundle for

only K99 with free postage Thatrsquos great value

Remember all orders must be received by 31 March

2016 to access the generous discount prices Visit CPA

PNG website now and Click on cpd page to download

SPECIAL BOOK OFFER TO CPA PNG MEMBERS

Participants pose for a group photo Picture Courtesy CPA PNG

WORKSHOP 1 WORKSHOP 2

Professional Exam Schedule - Semester 12016 CPA PNG | Issue 2 | March 2016

5

ADVERTISING ENQUIRES

Public Relations Officer Michael J Kerenga

Tel (675) 321 2105320 18917759 2471

Email mkerengacpapngorgpg

CPA PNG will be publishing Bi-Annual

Journals in June amp December this year

We would like to invite your participation in

advertising your product and services

Professional Examination Schedule - Semester 12016

DUE DATES FOR EXAM DEFERALWITHDRAWAL WITHOUT PENALITY THURSDAY 31 MARCH 2016

SUBJECTS EXAM DATES

Foundations of Accounting (CPACAT ) MON 23rd May 2016

Introduction to Taxation Law amp Practice (CAT ) TUE 24th May 2016

Taxation Law amp Practice (CPA ) TUE 24th May 2016

Strategic Management Accounting (CPA ) WED 25th May 2016

Management Accounting (CAT ) WED 25th May 2016

Ethics amp Governance (CPACAT ) WED 25th May 2016

Financial Risk Management (CPA ) THUR 26th May 2016

Financial Accounting amp Reporting (CAT ) THUR 26th May 2016

Financial Reporting (CPA ) THUR 26th May 2016

Advanced Audit amp Assurance (CPA ) FRI 27th May 2016

Introduction to Business Law (CAT ) FRI 27th May 2016

Business Law (CPA ) FRI 27th May 2016

DATE Tuesday 14th June 2016 Venue Crowne Plaza Hotel

TOPIC Formulating Strategic Mindset

By Ric Willmot From Australia to Asia the United States and Europe Ric

Willmot is the go-to person for CEOs senior executives

and professional service providers

in law accounting financial

services consulting recruitment

business coaching etc Ric is a

world-class thought leader and

mentor of CEOs around the world

For more information call Roddie or Norma at Certified Practising Accountants PNG on

Telephone numbers 321 2105 320 1891 or email roddiecpapngorgpg norma_nailinacpapngorgpg

Development Workshops Executive Professional

DATE Wednesday 15th June 2016 Venue Crowne Plaza Hotel

TOPIC Applying Framework under the Public Finance

Management Acts

Members - K2200 amp Non Members - K2970 Fees include GST plus lunch and tea NB Register for both education

workshops and receive 10 discount

6

Ric Willmot CPD scheduled for 14th15th June 2016 CPA PNG | Issue 2 | March 2016

Last week Mr Ric Willmot delivered two executive

education programs for CPA PNG and he then spoke at

the Air Niugini Freight conference Air Niugini is placing

an order of books for their staff and Ric has offered our

members the opportunity to order books and take

advantage of the significant discount Air Niugini are

receiving

Attached is a brochure with Ricrsquos books and audio

programs listed There is an order form at the back of the

brochure Complete your order form scan it and e-mail

to infoexecutivewisdomcom by 31 March 2016

The great news is you can

purchase any product in Kina

That is half-price So as an

example Change 601 will not

cost you $3850 but only K38 hellip

and because the orders will

be delivered direct to CPA

PNG in Port Moresby the costs

of postage and handling from

the publishers in the USA will

be paid for by Ric thereby

costing you nothing

You will notice there is a 3-

book bundle that is incredible

value for only $99 You can buy the 3-book bundle for

only K99 with free postage Thatrsquos great value

Remember all orders must be received by 31 March

2016 to access the generous discount prices Visit CPA

PNG website now and Click on cpd page to download

SPECIAL BOOK OFFER TO CPA PNG MEMBERS

Participants pose for a group photo Picture Courtesy CPA PNG

WORKSHOP 1 WORKSHOP 2

DATE Tuesday 14th June 2016 Venue Crowne Plaza Hotel

TOPIC Formulating Strategic Mindset

By Ric Willmot From Australia to Asia the United States and Europe Ric

Willmot is the go-to person for CEOs senior executives

and professional service providers

in law accounting financial

services consulting recruitment

business coaching etc Ric is a

world-class thought leader and

mentor of CEOs around the world

For more information call Roddie or Norma at Certified Practising Accountants PNG on

Telephone numbers 321 2105 320 1891 or email roddiecpapngorgpg norma_nailinacpapngorgpg

Development Workshops Executive Professional

DATE Wednesday 15th June 2016 Venue Crowne Plaza Hotel

TOPIC Applying Framework under the Public Finance

Management Acts

Members - K2200 amp Non Members - K2970 Fees include GST plus lunch and tea NB Register for both education

workshops and receive 10 discount

6

Ric Willmot CPD scheduled for 14th15th June 2016 CPA PNG | Issue 2 | March 2016

Last week Mr Ric Willmot delivered two executive

education programs for CPA PNG and he then spoke at

the Air Niugini Freight conference Air Niugini is placing

an order of books for their staff and Ric has offered our

members the opportunity to order books and take

advantage of the significant discount Air Niugini are

receiving

Attached is a brochure with Ricrsquos books and audio

programs listed There is an order form at the back of the

brochure Complete your order form scan it and e-mail

to infoexecutivewisdomcom by 31 March 2016

The great news is you can

purchase any product in Kina

That is half-price So as an

example Change 601 will not

cost you $3850 but only K38 hellip

and because the orders will

be delivered direct to CPA

PNG in Port Moresby the costs

of postage and handling from

the publishers in the USA will

be paid for by Ric thereby

costing you nothing

You will notice there is a 3-

book bundle that is incredible

value for only $99 You can buy the 3-book bundle for

only K99 with free postage Thatrsquos great value

Remember all orders must be received by 31 March

2016 to access the generous discount prices Visit CPA

PNG website now and Click on cpd page to download

SPECIAL BOOK OFFER TO CPA PNG MEMBERS

Participants pose for a group photo Picture Courtesy CPA PNG

WORKSHOP 1 WORKSHOP 2

7

Flashpoint CPA PNG | Issue 2 | March 2016

CPDs amp Review Classes resume

Above Students in review class for Intro to Taxation Insert CPAPNG

Executive Director Yuwak Tau tutoring review class

We are continuously looking at ways to improve our

current CPD by engaging knowledgeable subject

matter expects by offering a wider spectrum of

subjects The review programme offers an opportunity

for aspiring CPAs to receive coaching and training

towards completion of professional exams

Students rushing in for the final registration Above left is

Jerry an accountant from UPNG accounts department

with his friend CPA office was busy during the weeks of

registration The review classes commenced two weeks

ago

ldquoLife will only

change when you become

more committed to your Dreams

than you are to your comfort

zonerdquo Billy Cox

Registration countdown

2016 Conference Dates JUNE 17th - KOKOPO

AUGUST 18th19th - LAE

NOVEMBER 17th18th - PORT MORESBY

CPA PNG outgoing Director Finance amp Administration Mr Nicholas

Koimo (fourth from left) pictured with staff prior to his departure

Mr Nicholas Koimo moves on from CPA PNG as Director

Finance and Administration after a year of service to the

organisation The changes were announced during a staff

meeting which was held at our office training room

Mr Koimo said his exit was to take up lecturerrsquos role at Divine

Word University that he had to move to Madang He also

said staff development for long service officers must be

lifted to increase staff performance

In addition Executive Director Mr Yuwak Tau and

Director Academic Mr Kevin Kepore acknowledged

Mr Koimorsquos contribution to CPA PNG in his term Mr Tau said

that the vacant position has been advertised to fill the

vacancy

To members who have passed all their examinations

This is to advise candidates who have passed all the

subjects in their respective categories (CPA or CAT) that

you are required to apply to be upgraded to CPA or

CAT respectively

Please do not hesitate to contact the National Office

and request an upgrade application form Alternatively

you can browse our website and download the

appropriate form