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CPA PNG News Issue March amp April 2017
CERTIFIED PRACTISING ACCOUNTANTS PNG
CPA Haus Level 2 (Street Level) Armit Street Paga Hill
Port Moresby P O Box 1937
PORT MORESBY National Capital District
Papua New Guinea
Tel (675) 320 1891 321 2105
Fax (675) 320 0469
Email cpapngcpapngorgpg
Website wwwcpapngorgpg
News 3
Exams 4
Announcements 5
CPDsConferences 6
From the President
RICHARD KUNA
Hi everyone
Welcome to the third newsletter of 2017 Thanks to those of you who
have contributed to this issue
We hope you are looking forward to attend the Kokopo Conference
next month The number of conference attendees have increased in
the past and we expect more this year
This issue covers happenings from last two months The IBS University
graduation and PAU career expo
The World Bank Centre for Financial Reporting Reform (CFRR) helps client
countries to modernize their systems of financial reporting World Bank
Consultant Michael Wells will conduct training on IFRS 9 (12052017)
and IFRS for SMEs (15052017) in Port Moresby The objectives of the
training are to enhance greater understanding of applying the IFRS for
SMEs and gain the necessary knowledge to apply IFRS 9 for the first time
Members are urged to attend
Thank you
Richard Kuna
President2017
2
NEWS
Pacific Adventist University Career
Expo took place on Wednesday
April 26th 2017 at student centre at
PAU campus The Expo including
displays and presentations from
more than fifteen organisations
participated and was a huge
success
The companies that attended the
Expo were seeking final year
graduating students to fill full‐time
and internship positions
PAU Vice Chancellor Professor Raul
Lozano officially opened the Expo
and gave a presentation on PAUrsquos
Postgraduate Studies Program and
highlighted graduatesrsquo dedication
and willingness to serve God and
PNG in their respective professions
He also challenged students that
ldquothe secret of success is the union
of divine power with humanrdquo and
we have to do our best now
The Career Expo happens every
fourth month of the year and is
limited to the graduates and
business studies students of PAU
The Student Center was busy all
day with queries from students
seeking information from the
booths and displays of the different
participating organizations More
than one hundred students took
part for the all-day event with
interviews starting from 9 am to 3
pm
A total of 15 students graduated last month with
Southern Cross University degrees which is offered in
partnership with Institute of Business Studies University
Eriama Campus Port Moresby
This was the first ever graduation for SCU hosted in
Papua New Guinea The invited guests present were
Chancellor of SCU Nick Burton Taylor Vice Chacellor
Adam Shoemaker public and private sector
organization representatives and IBSUniversity staff
CPA PNG representative presented a K500 cheque to
the best accounting student as part of its usual mem-
bership drive activity In Enga IBSUniversity
graduated 45 students last month as well
IBSUniversityrsquos First Graduation
3
PAU CAREER EXPO INCREASES OPPORTUNITIES FOR
DIRECT PLACEMENTS
EXAMS
5
Subject
New
Registration
Re-Enrolment
(K)
Review
Class (K)
Reference
Books
Date
Foundations of Accounting
K55000
27500
11000
Monday 22nd May 2017
Introduction to PNG Taxation
Law amp Practice
K88000
27500
33000
Tuesday 23rd May 2017
Accounting Concepts amp
Principles or Business Finance
(Elective)
K88000
27500
Tuesday 23rd May 2017
Ethics amp Governance
K88000
27500
Wednesday 24th May 2017
Management Accounting
K88000
27500
33000
Wednesday 24th May 2017
Financial Accounting amp
Reporting
K88000
27500
33000
(IFRS)
K55000
Thursday 25th May 2017
Introduction To Business Law
K55000
27500
Friday 26th May 2017
Professional Examinations ndash Semester One (1) 2017
Timetable for candidates in the Certified Accounting Technician (CAT) category (Diploma
in Accounting or Degree in other business related course other than commerce majoring in
accounting)
Subject
New
Registration
Re-Enrolment
(K)
Review
Class (K)
Reference
Books
Date
Foundations of Accounting
K55000
27500
11000
Monday 22nd May 2017
PNG Taxation Law amp Practice
K60500
27500
33000
Tuesday 23rd May 2017
Strategic Management
Accounting
K88000
27500
33000
Wednesday 24th May 2017
Ethics amp Governance
K88000
27500
Wednesday 24th May 2017
Financial Reporting
K88000
27500
33000
(IFRS)
K55000
Thursday 25th May 2017
Financial Risk Management
K88000
27500
33000
Thursday 25th May 2017
PNG Business Law
K55000
27500
Friday 26th May 2017
Advanced Audit amp
Assurance
K88000
27500
33000
(IAS)
K55000
Friday 26th May 2017
Timetable for candidates in the Certified Practising Accountant (CPA) Category
(Degree in Commerce majoring in Accounting)
For enquiries about CPA Australia
Program visit the website below httpswwwcpaaustraliacomaubecome-a-cpahow-to-apply
The contact person is -
Chuck Zhang CPA
Senior Adviser | International Affairs amp Representation
Business Development | CPA Australia
Level 20 28 Freshwater Place | Southbank | Victoria 3006 |
Australia
T +613 9606 9845 | cpaaustraliacomau
ANNOUNCEMENTS
4
Technical Updates The IFAC technical updates cover range of topics The
updates are received on a monthly basis Some interesting topics
covered in the last four months are summarised below
Jan issue IESBA completes first major phase of code of
ethics restructure The IESBA hopes to have
completed the restructure of the code by
December 2017
Feb Issue Adopting the new IFRS9 Four key challenges for
the banking CFO
Mar Issue Nearly 70 of OECD countries have now
adopted actual accounting practices accord-
ing to a new study from IFAC and the OECD
April Issue Professional accountants strong govern-
ance vital to reducing corruption
Members are encouraged to subscribe to the IFAC Monthly
Newsletter To subscribe go to the CPA PNG Website and follow
the steps below
(i) Click on links tab to take you to
(ii) Subscribe to IFAC News and Updates https
wwwifacorgglobal-knowledge-gateway will take
you to IFAC Website
(iii) Scroll down towards the right and enter your email
address then click on subscribe button
Knowledge Checks Multiple-Choice amp Extended
Response Questions and Solutions
ADVANCED AUDIT AND ASSURANCE
FINANCIAL REPORTING
FINANCIAL RISK MANAGEMENT
ETHICS amp GOVERNANCE
As part of membership service we are pleased to inform our mem-
bers that the four CPA Australia modules sample examination
questions are available on our website for use
Website httpwwwcpapngorgpgmembership-admission-
educationexam-education-programsknowledge-checks
COURSESTOPICS FACILITATOR ORGANISATION MONTH DATE VENUE
IFRS FOR SMEs Mike Wells WORLD BANK MAY 12 Holiday Inn POM
IFRS 9 - Financial Instruments Mike Wells WORLD BANK MAY 15 Holiday Inn POM
Tax Effect Accounting Madu Nair EampY JUNE 6 Lae International Hotel
Tax Effect Accounting Madu Nair JUNE 7 Lae International Hotel
Corporate Tax Updates Andrew Irabu CPAPNG JUNE 8 Lae International Hotel
Personal Tax Updates Andrew Irabu JUNE 9 Lae International Hotel
Preparation of financial statements Dr Suresh Babu UPNG JUNE 21 Ela Beach Hotel - POM
Preparation of financial statements Dr Suresh Babu JUNE 22 Ela Beach Hotel - POM
Analysis of financial Statements Dr Suresh Babu UPNG JULY 6 Ela Beach Hotel - POM
Analysis of financial Statements Dr Suresh Babu JULY 7 Ela Beach Hotel - POM
Public Sector Accounting Thomas Holland CONSULTANT JULY 11 Ela Beach Hotel - POM
Public Sector Accounting Thomas Holland JULY 12 Ela Beach Hotel - POM
Project Evaluation N Wara JULY 20 Ela Beach Hotel - POM
ReceivershipLiquidation Peter Zambaks KPMG AUGUST 4 Ela Beach Hotel - POM
Tax updates - Corporate Perspective Yuwak Tau CPAPNG SEPTEMBER 6 Vanimo Beach Resort
Public Sector Accounting Thomas Holland CONSULTANT SEPTEMBER 12 Lae International Hotel
Public Sector Accounting Thomas Holland SEPTEMBER 13 Lae International Hotel
IFRS Updates Steve Beach PWC SEPTEMBER 21 Ela Beach Hotel - POM
IFRS Updates Steve Beach PWC OCTOBER 5 Lae International Hotel
4 Day MBA Ric Wilmot CONSULTANT OCTOBER 9 Ela Beach Hotel - POM
4 Day MBA Ric Wilmot CONSULTANT OCTOBER 10 Ela Beach Hotel - POM
4 Day MBA Ric Wilmot CONSULTANT OCTOBER 11 Ela Beach Hotel - POM
4 Day MBA Ric Wilmot CONSULTANT OCTOBER 12 Ela Beach Hotel - POM
CPDs amp Conferences
CPDs amp Conferences
CPA PNG CONFERENCES 2017
REGISTER NOW Certified Practising Accountants PNG Annual Conferences o Kokopo Branch Conference
23rd June 2017 ndash Kokopo East New Britain Province o Lae Branch Conference
24th25th August 2017 ndash Lae Morobe Province o CPA PNG amp CPA Australia Joint Annual Conference
16th17th November 2017 ndash Port Moresby National Capital District PNG o Structured CPD Hours
7 structured CPD hours per day for members
For Further Information Contact Roddie Pidik Soweni
Email roddiecpapngorgpg
Tel (+675) 321 2105 320 1891
7
From the President
RICHARD KUNA
Hi everyone
Welcome to the third newsletter of 2017 Thanks to those of you who
have contributed to this issue
We hope you are looking forward to attend the Kokopo Conference
next month The number of conference attendees have increased in
the past and we expect more this year
This issue covers happenings from last two months The IBS University
graduation and PAU career expo
The World Bank Centre for Financial Reporting Reform (CFRR) helps client
countries to modernize their systems of financial reporting World Bank
Consultant Michael Wells will conduct training on IFRS 9 (12052017)
and IFRS for SMEs (15052017) in Port Moresby The objectives of the
training are to enhance greater understanding of applying the IFRS for
SMEs and gain the necessary knowledge to apply IFRS 9 for the first time
Members are urged to attend
Thank you
Richard Kuna
President2017
2
NEWS
Pacific Adventist University Career
Expo took place on Wednesday
April 26th 2017 at student centre at
PAU campus The Expo including
displays and presentations from
more than fifteen organisations
participated and was a huge
success
The companies that attended the
Expo were seeking final year
graduating students to fill full‐time
and internship positions
PAU Vice Chancellor Professor Raul
Lozano officially opened the Expo
and gave a presentation on PAUrsquos
Postgraduate Studies Program and
highlighted graduatesrsquo dedication
and willingness to serve God and
PNG in their respective professions
He also challenged students that
ldquothe secret of success is the union
of divine power with humanrdquo and
we have to do our best now
The Career Expo happens every
fourth month of the year and is
limited to the graduates and
business studies students of PAU
The Student Center was busy all
day with queries from students
seeking information from the
booths and displays of the different
participating organizations More
than one hundred students took
part for the all-day event with
interviews starting from 9 am to 3
pm
A total of 15 students graduated last month with
Southern Cross University degrees which is offered in
partnership with Institute of Business Studies University
Eriama Campus Port Moresby
This was the first ever graduation for SCU hosted in
Papua New Guinea The invited guests present were
Chancellor of SCU Nick Burton Taylor Vice Chacellor
Adam Shoemaker public and private sector
organization representatives and IBSUniversity staff
CPA PNG representative presented a K500 cheque to
the best accounting student as part of its usual mem-
bership drive activity In Enga IBSUniversity
graduated 45 students last month as well
IBSUniversityrsquos First Graduation
3
PAU CAREER EXPO INCREASES OPPORTUNITIES FOR
DIRECT PLACEMENTS
EXAMS
5
Subject
New
Registration
Re-Enrolment
(K)
Review
Class (K)
Reference
Books
Date
Foundations of Accounting
K55000
27500
11000
Monday 22nd May 2017
Introduction to PNG Taxation
Law amp Practice
K88000
27500
33000
Tuesday 23rd May 2017
Accounting Concepts amp
Principles or Business Finance
(Elective)
K88000
27500
Tuesday 23rd May 2017
Ethics amp Governance
K88000
27500
Wednesday 24th May 2017
Management Accounting
K88000
27500
33000
Wednesday 24th May 2017
Financial Accounting amp
Reporting
K88000
27500
33000
(IFRS)
K55000
Thursday 25th May 2017
Introduction To Business Law
K55000
27500
Friday 26th May 2017
Professional Examinations ndash Semester One (1) 2017
Timetable for candidates in the Certified Accounting Technician (CAT) category (Diploma
in Accounting or Degree in other business related course other than commerce majoring in
accounting)
Subject
New
Registration
Re-Enrolment
(K)
Review
Class (K)
Reference
Books
Date
Foundations of Accounting
K55000
27500
11000
Monday 22nd May 2017
PNG Taxation Law amp Practice
K60500
27500
33000
Tuesday 23rd May 2017
Strategic Management
Accounting
K88000
27500
33000
Wednesday 24th May 2017
Ethics amp Governance
K88000
27500
Wednesday 24th May 2017
Financial Reporting
K88000
27500
33000
(IFRS)
K55000
Thursday 25th May 2017
Financial Risk Management
K88000
27500
33000
Thursday 25th May 2017
PNG Business Law
K55000
27500
Friday 26th May 2017
Advanced Audit amp
Assurance
K88000
27500
33000
(IAS)
K55000
Friday 26th May 2017
Timetable for candidates in the Certified Practising Accountant (CPA) Category
(Degree in Commerce majoring in Accounting)
For enquiries about CPA Australia
Program visit the website below httpswwwcpaaustraliacomaubecome-a-cpahow-to-apply
The contact person is -
Chuck Zhang CPA
Senior Adviser | International Affairs amp Representation
Business Development | CPA Australia
Level 20 28 Freshwater Place | Southbank | Victoria 3006 |
Australia
T +613 9606 9845 | cpaaustraliacomau
ANNOUNCEMENTS
4
Technical Updates The IFAC technical updates cover range of topics The
updates are received on a monthly basis Some interesting topics
covered in the last four months are summarised below
Jan issue IESBA completes first major phase of code of
ethics restructure The IESBA hopes to have
completed the restructure of the code by
December 2017
Feb Issue Adopting the new IFRS9 Four key challenges for
the banking CFO
Mar Issue Nearly 70 of OECD countries have now
adopted actual accounting practices accord-
ing to a new study from IFAC and the OECD
April Issue Professional accountants strong govern-
ance vital to reducing corruption
Members are encouraged to subscribe to the IFAC Monthly
Newsletter To subscribe go to the CPA PNG Website and follow
the steps below
(i) Click on links tab to take you to
(ii) Subscribe to IFAC News and Updates https
wwwifacorgglobal-knowledge-gateway will take
you to IFAC Website
(iii) Scroll down towards the right and enter your email
address then click on subscribe button
Knowledge Checks Multiple-Choice amp Extended
Response Questions and Solutions
ADVANCED AUDIT AND ASSURANCE
FINANCIAL REPORTING
FINANCIAL RISK MANAGEMENT
ETHICS amp GOVERNANCE
As part of membership service we are pleased to inform our mem-
bers that the four CPA Australia modules sample examination
questions are available on our website for use
Website httpwwwcpapngorgpgmembership-admission-
educationexam-education-programsknowledge-checks
COURSESTOPICS FACILITATOR ORGANISATION MONTH DATE VENUE
IFRS FOR SMEs Mike Wells WORLD BANK MAY 12 Holiday Inn POM
IFRS 9 - Financial Instruments Mike Wells WORLD BANK MAY 15 Holiday Inn POM
Tax Effect Accounting Madu Nair EampY JUNE 6 Lae International Hotel
Tax Effect Accounting Madu Nair JUNE 7 Lae International Hotel
Corporate Tax Updates Andrew Irabu CPAPNG JUNE 8 Lae International Hotel
Personal Tax Updates Andrew Irabu JUNE 9 Lae International Hotel
Preparation of financial statements Dr Suresh Babu UPNG JUNE 21 Ela Beach Hotel - POM
Preparation of financial statements Dr Suresh Babu JUNE 22 Ela Beach Hotel - POM
Analysis of financial Statements Dr Suresh Babu UPNG JULY 6 Ela Beach Hotel - POM
Analysis of financial Statements Dr Suresh Babu JULY 7 Ela Beach Hotel - POM
Public Sector Accounting Thomas Holland CONSULTANT JULY 11 Ela Beach Hotel - POM
Public Sector Accounting Thomas Holland JULY 12 Ela Beach Hotel - POM
Project Evaluation N Wara JULY 20 Ela Beach Hotel - POM
ReceivershipLiquidation Peter Zambaks KPMG AUGUST 4 Ela Beach Hotel - POM
Tax updates - Corporate Perspective Yuwak Tau CPAPNG SEPTEMBER 6 Vanimo Beach Resort
Public Sector Accounting Thomas Holland CONSULTANT SEPTEMBER 12 Lae International Hotel
Public Sector Accounting Thomas Holland SEPTEMBER 13 Lae International Hotel
IFRS Updates Steve Beach PWC SEPTEMBER 21 Ela Beach Hotel - POM
IFRS Updates Steve Beach PWC OCTOBER 5 Lae International Hotel
4 Day MBA Ric Wilmot CONSULTANT OCTOBER 9 Ela Beach Hotel - POM
4 Day MBA Ric Wilmot CONSULTANT OCTOBER 10 Ela Beach Hotel - POM
4 Day MBA Ric Wilmot CONSULTANT OCTOBER 11 Ela Beach Hotel - POM
4 Day MBA Ric Wilmot CONSULTANT OCTOBER 12 Ela Beach Hotel - POM
CPDs amp Conferences
CPDs amp Conferences
CPA PNG CONFERENCES 2017
REGISTER NOW Certified Practising Accountants PNG Annual Conferences o Kokopo Branch Conference
23rd June 2017 ndash Kokopo East New Britain Province o Lae Branch Conference
24th25th August 2017 ndash Lae Morobe Province o CPA PNG amp CPA Australia Joint Annual Conference
16th17th November 2017 ndash Port Moresby National Capital District PNG o Structured CPD Hours
7 structured CPD hours per day for members
For Further Information Contact Roddie Pidik Soweni
Email roddiecpapngorgpg
Tel (+675) 321 2105 320 1891
7
NEWS
Pacific Adventist University Career
Expo took place on Wednesday
April 26th 2017 at student centre at
PAU campus The Expo including
displays and presentations from
more than fifteen organisations
participated and was a huge
success
The companies that attended the
Expo were seeking final year
graduating students to fill full‐time
and internship positions
PAU Vice Chancellor Professor Raul
Lozano officially opened the Expo
and gave a presentation on PAUrsquos
Postgraduate Studies Program and
highlighted graduatesrsquo dedication
and willingness to serve God and
PNG in their respective professions
He also challenged students that
ldquothe secret of success is the union
of divine power with humanrdquo and
we have to do our best now
The Career Expo happens every
fourth month of the year and is
limited to the graduates and
business studies students of PAU
The Student Center was busy all
day with queries from students
seeking information from the
booths and displays of the different
participating organizations More
than one hundred students took
part for the all-day event with
interviews starting from 9 am to 3
pm
A total of 15 students graduated last month with
Southern Cross University degrees which is offered in
partnership with Institute of Business Studies University
Eriama Campus Port Moresby
This was the first ever graduation for SCU hosted in
Papua New Guinea The invited guests present were
Chancellor of SCU Nick Burton Taylor Vice Chacellor
Adam Shoemaker public and private sector
organization representatives and IBSUniversity staff
CPA PNG representative presented a K500 cheque to
the best accounting student as part of its usual mem-
bership drive activity In Enga IBSUniversity
graduated 45 students last month as well
IBSUniversityrsquos First Graduation
3
PAU CAREER EXPO INCREASES OPPORTUNITIES FOR
DIRECT PLACEMENTS
EXAMS
5
Subject
New
Registration
Re-Enrolment
(K)
Review
Class (K)
Reference
Books
Date
Foundations of Accounting
K55000
27500
11000
Monday 22nd May 2017
Introduction to PNG Taxation
Law amp Practice
K88000
27500
33000
Tuesday 23rd May 2017
Accounting Concepts amp
Principles or Business Finance
(Elective)
K88000
27500
Tuesday 23rd May 2017
Ethics amp Governance
K88000
27500
Wednesday 24th May 2017
Management Accounting
K88000
27500
33000
Wednesday 24th May 2017
Financial Accounting amp
Reporting
K88000
27500
33000
(IFRS)
K55000
Thursday 25th May 2017
Introduction To Business Law
K55000
27500
Friday 26th May 2017
Professional Examinations ndash Semester One (1) 2017
Timetable for candidates in the Certified Accounting Technician (CAT) category (Diploma
in Accounting or Degree in other business related course other than commerce majoring in
accounting)
Subject
New
Registration
Re-Enrolment
(K)
Review
Class (K)
Reference
Books
Date
Foundations of Accounting
K55000
27500
11000
Monday 22nd May 2017
PNG Taxation Law amp Practice
K60500
27500
33000
Tuesday 23rd May 2017
Strategic Management
Accounting
K88000
27500
33000
Wednesday 24th May 2017
Ethics amp Governance
K88000
27500
Wednesday 24th May 2017
Financial Reporting
K88000
27500
33000
(IFRS)
K55000
Thursday 25th May 2017
Financial Risk Management
K88000
27500
33000
Thursday 25th May 2017
PNG Business Law
K55000
27500
Friday 26th May 2017
Advanced Audit amp
Assurance
K88000
27500
33000
(IAS)
K55000
Friday 26th May 2017
Timetable for candidates in the Certified Practising Accountant (CPA) Category
(Degree in Commerce majoring in Accounting)
For enquiries about CPA Australia
Program visit the website below httpswwwcpaaustraliacomaubecome-a-cpahow-to-apply
The contact person is -
Chuck Zhang CPA
Senior Adviser | International Affairs amp Representation
Business Development | CPA Australia
Level 20 28 Freshwater Place | Southbank | Victoria 3006 |
Australia
T +613 9606 9845 | cpaaustraliacomau
ANNOUNCEMENTS
4
Technical Updates The IFAC technical updates cover range of topics The
updates are received on a monthly basis Some interesting topics
covered in the last four months are summarised below
Jan issue IESBA completes first major phase of code of
ethics restructure The IESBA hopes to have
completed the restructure of the code by
December 2017
Feb Issue Adopting the new IFRS9 Four key challenges for
the banking CFO
Mar Issue Nearly 70 of OECD countries have now
adopted actual accounting practices accord-
ing to a new study from IFAC and the OECD
April Issue Professional accountants strong govern-
ance vital to reducing corruption
Members are encouraged to subscribe to the IFAC Monthly
Newsletter To subscribe go to the CPA PNG Website and follow
the steps below
(i) Click on links tab to take you to
(ii) Subscribe to IFAC News and Updates https
wwwifacorgglobal-knowledge-gateway will take
you to IFAC Website
(iii) Scroll down towards the right and enter your email
address then click on subscribe button
Knowledge Checks Multiple-Choice amp Extended
Response Questions and Solutions
ADVANCED AUDIT AND ASSURANCE
FINANCIAL REPORTING
FINANCIAL RISK MANAGEMENT
ETHICS amp GOVERNANCE
As part of membership service we are pleased to inform our mem-
bers that the four CPA Australia modules sample examination
questions are available on our website for use
Website httpwwwcpapngorgpgmembership-admission-
educationexam-education-programsknowledge-checks
COURSESTOPICS FACILITATOR ORGANISATION MONTH DATE VENUE
IFRS FOR SMEs Mike Wells WORLD BANK MAY 12 Holiday Inn POM
IFRS 9 - Financial Instruments Mike Wells WORLD BANK MAY 15 Holiday Inn POM
Tax Effect Accounting Madu Nair EampY JUNE 6 Lae International Hotel
Tax Effect Accounting Madu Nair JUNE 7 Lae International Hotel
Corporate Tax Updates Andrew Irabu CPAPNG JUNE 8 Lae International Hotel
Personal Tax Updates Andrew Irabu JUNE 9 Lae International Hotel
Preparation of financial statements Dr Suresh Babu UPNG JUNE 21 Ela Beach Hotel - POM
Preparation of financial statements Dr Suresh Babu JUNE 22 Ela Beach Hotel - POM
Analysis of financial Statements Dr Suresh Babu UPNG JULY 6 Ela Beach Hotel - POM
Analysis of financial Statements Dr Suresh Babu JULY 7 Ela Beach Hotel - POM
Public Sector Accounting Thomas Holland CONSULTANT JULY 11 Ela Beach Hotel - POM
Public Sector Accounting Thomas Holland JULY 12 Ela Beach Hotel - POM
Project Evaluation N Wara JULY 20 Ela Beach Hotel - POM
ReceivershipLiquidation Peter Zambaks KPMG AUGUST 4 Ela Beach Hotel - POM
Tax updates - Corporate Perspective Yuwak Tau CPAPNG SEPTEMBER 6 Vanimo Beach Resort
Public Sector Accounting Thomas Holland CONSULTANT SEPTEMBER 12 Lae International Hotel
Public Sector Accounting Thomas Holland SEPTEMBER 13 Lae International Hotel
IFRS Updates Steve Beach PWC SEPTEMBER 21 Ela Beach Hotel - POM
IFRS Updates Steve Beach PWC OCTOBER 5 Lae International Hotel
4 Day MBA Ric Wilmot CONSULTANT OCTOBER 9 Ela Beach Hotel - POM
4 Day MBA Ric Wilmot CONSULTANT OCTOBER 10 Ela Beach Hotel - POM
4 Day MBA Ric Wilmot CONSULTANT OCTOBER 11 Ela Beach Hotel - POM
4 Day MBA Ric Wilmot CONSULTANT OCTOBER 12 Ela Beach Hotel - POM
CPDs amp Conferences
CPDs amp Conferences
CPA PNG CONFERENCES 2017
REGISTER NOW Certified Practising Accountants PNG Annual Conferences o Kokopo Branch Conference
23rd June 2017 ndash Kokopo East New Britain Province o Lae Branch Conference
24th25th August 2017 ndash Lae Morobe Province o CPA PNG amp CPA Australia Joint Annual Conference
16th17th November 2017 ndash Port Moresby National Capital District PNG o Structured CPD Hours
7 structured CPD hours per day for members
For Further Information Contact Roddie Pidik Soweni
Email roddiecpapngorgpg
Tel (+675) 321 2105 320 1891
7
EXAMS
5
Subject
New
Registration
Re-Enrolment
(K)
Review
Class (K)
Reference
Books
Date
Foundations of Accounting
K55000
27500
11000
Monday 22nd May 2017
Introduction to PNG Taxation
Law amp Practice
K88000
27500
33000
Tuesday 23rd May 2017
Accounting Concepts amp
Principles or Business Finance
(Elective)
K88000
27500
Tuesday 23rd May 2017
Ethics amp Governance
K88000
27500
Wednesday 24th May 2017
Management Accounting
K88000
27500
33000
Wednesday 24th May 2017
Financial Accounting amp
Reporting
K88000
27500
33000
(IFRS)
K55000
Thursday 25th May 2017
Introduction To Business Law
K55000
27500
Friday 26th May 2017
Professional Examinations ndash Semester One (1) 2017
Timetable for candidates in the Certified Accounting Technician (CAT) category (Diploma
in Accounting or Degree in other business related course other than commerce majoring in
accounting)
Subject
New
Registration
Re-Enrolment
(K)
Review
Class (K)
Reference
Books
Date
Foundations of Accounting
K55000
27500
11000
Monday 22nd May 2017
PNG Taxation Law amp Practice
K60500
27500
33000
Tuesday 23rd May 2017
Strategic Management
Accounting
K88000
27500
33000
Wednesday 24th May 2017
Ethics amp Governance
K88000
27500
Wednesday 24th May 2017
Financial Reporting
K88000
27500
33000
(IFRS)
K55000
Thursday 25th May 2017
Financial Risk Management
K88000
27500
33000
Thursday 25th May 2017
PNG Business Law
K55000
27500
Friday 26th May 2017
Advanced Audit amp
Assurance
K88000
27500
33000
(IAS)
K55000
Friday 26th May 2017
Timetable for candidates in the Certified Practising Accountant (CPA) Category
(Degree in Commerce majoring in Accounting)
For enquiries about CPA Australia
Program visit the website below httpswwwcpaaustraliacomaubecome-a-cpahow-to-apply
The contact person is -
Chuck Zhang CPA
Senior Adviser | International Affairs amp Representation
Business Development | CPA Australia
Level 20 28 Freshwater Place | Southbank | Victoria 3006 |
Australia
T +613 9606 9845 | cpaaustraliacomau
ANNOUNCEMENTS
4
Technical Updates The IFAC technical updates cover range of topics The
updates are received on a monthly basis Some interesting topics
covered in the last four months are summarised below
Jan issue IESBA completes first major phase of code of
ethics restructure The IESBA hopes to have
completed the restructure of the code by
December 2017
Feb Issue Adopting the new IFRS9 Four key challenges for
the banking CFO
Mar Issue Nearly 70 of OECD countries have now
adopted actual accounting practices accord-
ing to a new study from IFAC and the OECD
April Issue Professional accountants strong govern-
ance vital to reducing corruption
Members are encouraged to subscribe to the IFAC Monthly
Newsletter To subscribe go to the CPA PNG Website and follow
the steps below
(i) Click on links tab to take you to
(ii) Subscribe to IFAC News and Updates https
wwwifacorgglobal-knowledge-gateway will take
you to IFAC Website
(iii) Scroll down towards the right and enter your email
address then click on subscribe button
Knowledge Checks Multiple-Choice amp Extended
Response Questions and Solutions
ADVANCED AUDIT AND ASSURANCE
FINANCIAL REPORTING
FINANCIAL RISK MANAGEMENT
ETHICS amp GOVERNANCE
As part of membership service we are pleased to inform our mem-
bers that the four CPA Australia modules sample examination
questions are available on our website for use
Website httpwwwcpapngorgpgmembership-admission-
educationexam-education-programsknowledge-checks
COURSESTOPICS FACILITATOR ORGANISATION MONTH DATE VENUE
IFRS FOR SMEs Mike Wells WORLD BANK MAY 12 Holiday Inn POM
IFRS 9 - Financial Instruments Mike Wells WORLD BANK MAY 15 Holiday Inn POM
Tax Effect Accounting Madu Nair EampY JUNE 6 Lae International Hotel
Tax Effect Accounting Madu Nair JUNE 7 Lae International Hotel
Corporate Tax Updates Andrew Irabu CPAPNG JUNE 8 Lae International Hotel
Personal Tax Updates Andrew Irabu JUNE 9 Lae International Hotel
Preparation of financial statements Dr Suresh Babu UPNG JUNE 21 Ela Beach Hotel - POM
Preparation of financial statements Dr Suresh Babu JUNE 22 Ela Beach Hotel - POM
Analysis of financial Statements Dr Suresh Babu UPNG JULY 6 Ela Beach Hotel - POM
Analysis of financial Statements Dr Suresh Babu JULY 7 Ela Beach Hotel - POM
Public Sector Accounting Thomas Holland CONSULTANT JULY 11 Ela Beach Hotel - POM
Public Sector Accounting Thomas Holland JULY 12 Ela Beach Hotel - POM
Project Evaluation N Wara JULY 20 Ela Beach Hotel - POM
ReceivershipLiquidation Peter Zambaks KPMG AUGUST 4 Ela Beach Hotel - POM
Tax updates - Corporate Perspective Yuwak Tau CPAPNG SEPTEMBER 6 Vanimo Beach Resort
Public Sector Accounting Thomas Holland CONSULTANT SEPTEMBER 12 Lae International Hotel
Public Sector Accounting Thomas Holland SEPTEMBER 13 Lae International Hotel
IFRS Updates Steve Beach PWC SEPTEMBER 21 Ela Beach Hotel - POM
IFRS Updates Steve Beach PWC OCTOBER 5 Lae International Hotel
4 Day MBA Ric Wilmot CONSULTANT OCTOBER 9 Ela Beach Hotel - POM
4 Day MBA Ric Wilmot CONSULTANT OCTOBER 10 Ela Beach Hotel - POM
4 Day MBA Ric Wilmot CONSULTANT OCTOBER 11 Ela Beach Hotel - POM
4 Day MBA Ric Wilmot CONSULTANT OCTOBER 12 Ela Beach Hotel - POM
CPDs amp Conferences
CPDs amp Conferences
CPA PNG CONFERENCES 2017
REGISTER NOW Certified Practising Accountants PNG Annual Conferences o Kokopo Branch Conference
23rd June 2017 ndash Kokopo East New Britain Province o Lae Branch Conference
24th25th August 2017 ndash Lae Morobe Province o CPA PNG amp CPA Australia Joint Annual Conference
16th17th November 2017 ndash Port Moresby National Capital District PNG o Structured CPD Hours
7 structured CPD hours per day for members
For Further Information Contact Roddie Pidik Soweni
Email roddiecpapngorgpg
Tel (+675) 321 2105 320 1891
7
For enquiries about CPA Australia
Program visit the website below httpswwwcpaaustraliacomaubecome-a-cpahow-to-apply
The contact person is -
Chuck Zhang CPA
Senior Adviser | International Affairs amp Representation
Business Development | CPA Australia
Level 20 28 Freshwater Place | Southbank | Victoria 3006 |
Australia
T +613 9606 9845 | cpaaustraliacomau
ANNOUNCEMENTS
4
Technical Updates The IFAC technical updates cover range of topics The
updates are received on a monthly basis Some interesting topics
covered in the last four months are summarised below
Jan issue IESBA completes first major phase of code of
ethics restructure The IESBA hopes to have
completed the restructure of the code by
December 2017
Feb Issue Adopting the new IFRS9 Four key challenges for
the banking CFO
Mar Issue Nearly 70 of OECD countries have now
adopted actual accounting practices accord-
ing to a new study from IFAC and the OECD
April Issue Professional accountants strong govern-
ance vital to reducing corruption
Members are encouraged to subscribe to the IFAC Monthly
Newsletter To subscribe go to the CPA PNG Website and follow
the steps below
(i) Click on links tab to take you to
(ii) Subscribe to IFAC News and Updates https
wwwifacorgglobal-knowledge-gateway will take
you to IFAC Website
(iii) Scroll down towards the right and enter your email
address then click on subscribe button
Knowledge Checks Multiple-Choice amp Extended
Response Questions and Solutions
ADVANCED AUDIT AND ASSURANCE
FINANCIAL REPORTING
FINANCIAL RISK MANAGEMENT
ETHICS amp GOVERNANCE
As part of membership service we are pleased to inform our mem-
bers that the four CPA Australia modules sample examination
questions are available on our website for use
Website httpwwwcpapngorgpgmembership-admission-
educationexam-education-programsknowledge-checks
COURSESTOPICS FACILITATOR ORGANISATION MONTH DATE VENUE
IFRS FOR SMEs Mike Wells WORLD BANK MAY 12 Holiday Inn POM
IFRS 9 - Financial Instruments Mike Wells WORLD BANK MAY 15 Holiday Inn POM
Tax Effect Accounting Madu Nair EampY JUNE 6 Lae International Hotel
Tax Effect Accounting Madu Nair JUNE 7 Lae International Hotel
Corporate Tax Updates Andrew Irabu CPAPNG JUNE 8 Lae International Hotel
Personal Tax Updates Andrew Irabu JUNE 9 Lae International Hotel
Preparation of financial statements Dr Suresh Babu UPNG JUNE 21 Ela Beach Hotel - POM
Preparation of financial statements Dr Suresh Babu JUNE 22 Ela Beach Hotel - POM
Analysis of financial Statements Dr Suresh Babu UPNG JULY 6 Ela Beach Hotel - POM
Analysis of financial Statements Dr Suresh Babu JULY 7 Ela Beach Hotel - POM
Public Sector Accounting Thomas Holland CONSULTANT JULY 11 Ela Beach Hotel - POM
Public Sector Accounting Thomas Holland JULY 12 Ela Beach Hotel - POM
Project Evaluation N Wara JULY 20 Ela Beach Hotel - POM
ReceivershipLiquidation Peter Zambaks KPMG AUGUST 4 Ela Beach Hotel - POM
Tax updates - Corporate Perspective Yuwak Tau CPAPNG SEPTEMBER 6 Vanimo Beach Resort
Public Sector Accounting Thomas Holland CONSULTANT SEPTEMBER 12 Lae International Hotel
Public Sector Accounting Thomas Holland SEPTEMBER 13 Lae International Hotel
IFRS Updates Steve Beach PWC SEPTEMBER 21 Ela Beach Hotel - POM
IFRS Updates Steve Beach PWC OCTOBER 5 Lae International Hotel
4 Day MBA Ric Wilmot CONSULTANT OCTOBER 9 Ela Beach Hotel - POM
4 Day MBA Ric Wilmot CONSULTANT OCTOBER 10 Ela Beach Hotel - POM
4 Day MBA Ric Wilmot CONSULTANT OCTOBER 11 Ela Beach Hotel - POM
4 Day MBA Ric Wilmot CONSULTANT OCTOBER 12 Ela Beach Hotel - POM
CPDs amp Conferences
CPDs amp Conferences
CPA PNG CONFERENCES 2017
REGISTER NOW Certified Practising Accountants PNG Annual Conferences o Kokopo Branch Conference
23rd June 2017 ndash Kokopo East New Britain Province o Lae Branch Conference
24th25th August 2017 ndash Lae Morobe Province o CPA PNG amp CPA Australia Joint Annual Conference
16th17th November 2017 ndash Port Moresby National Capital District PNG o Structured CPD Hours
7 structured CPD hours per day for members
For Further Information Contact Roddie Pidik Soweni
Email roddiecpapngorgpg
Tel (+675) 321 2105 320 1891
7
CPDs amp Conferences
CPA PNG CONFERENCES 2017
REGISTER NOW Certified Practising Accountants PNG Annual Conferences o Kokopo Branch Conference
23rd June 2017 ndash Kokopo East New Britain Province o Lae Branch Conference
24th25th August 2017 ndash Lae Morobe Province o CPA PNG amp CPA Australia Joint Annual Conference
16th17th November 2017 ndash Port Moresby National Capital District PNG o Structured CPD Hours
7 structured CPD hours per day for members
For Further Information Contact Roddie Pidik Soweni
Email roddiecpapngorgpg
Tel (+675) 321 2105 320 1891
7