26 ways to save a company – international final of CIMA 2015 Global Business Challenge

During the first week of August, Warsaw became the capital of management accounting. The best teams, among 26 which came to Poland between 3rd and 7th August, were those representing Asia. First place went to Singapore, second to India, and third to the Philippines. The contest for future management accountants was judged by the representatives of Barclays, Shell, Deloitte, Unilever, PKN ORLEN S.A. and Infosys BPO Poland, among others.

The contestants had to face a difficult task and present their solutions to the problems of a business case study which they have already considered in the local phase of CIMA 2015 Global Business Challenge. Only six teams, representing New Zealand, India, the Philippines, Singapore, UK and Sri Lanka, which came up with best ideas on how to solve a difficult situation which occurred in an oil and gas company, made it to the second stage of the final. The contestants got the chance to display more detailed analysis of the case study and present their findings in front of the jury of top professionals from the oil, banking and financial industries. The analysis, which appeared most credible, has been prepared by Team Singapore.

Management accounting getting more popular in Poland
Management accounting is a field which has been gradually gaining popularity in Poland. It combines accounting, finance and management with the leading edge techniques needed to drive successful businesses. Management accountants play an advisory role in their organizations and make a real impact on the company’s financial, legal and ethical strategy. They also support companies’ boards in planning their future moves. The fact that this year’s CIMA 2015 Global Business Challenge final took place in Poland is no accident.

CIMA Global Business Challenge final takes place in a different country each year. This year’s edition was located in Poland. For the first time in its history, the final takes place not only in Poland, but also in Europe. Of course, a number of factors contributed to it, such as rapid development of the Polish CIMA, which didn’t go unnoticed by the Institute’s global headquarters – says Jakub Bejnarowicz, Head of CEE, CIMA.

What proves Poland’s increasing importance on the international arena is the panel of judges with leading Polish professionals, such as Anna Tumidajewcz, Infosys BPO Poland and Robert Jański representing PKN ORLEN S.A., among others. They emphasize that the contestants were competing at a very high level.

This year’s finalist made an incredible impression on me. The level of their presentations was similar and proves the contestants’ professionalism and in-depth understanding of the case study. Students representing 26 countries, with very different both professional and personal experience and knowledge gained at their universities, show that they can easily find their place on the international business scene – comments Anna Tumidajewicz, F&A Practice Delivery Manager, Infosys BPO Poland.

The judges point out that taking part in CIMA 2015 Global Business Challenge is also a chance to gain experience and get tips from business leading professionals.

I treat the fact that ORLEN took part in the international final of CIMA Global Business Challenge as a confirmation of the strategic effectiveness with which ORLEN Capital Group is being managed. As a member of the panel of judges, we join such renown companies and organizations as CIMA, Shell or Barclays. At the same time, we share our knowledge with the students – adds Robert Jasiński, Executive Director of Business Controlling, PKN ORLEN S.A.

Students, who got the chance to present their skills during the competition, could also acquaint themselves with Polish culture and Poland’s investment potential. Institutions and media that took patronage over the event were: Ministry of Finance, Ministry of Science and Higher Education, Ministry of Labour and Social Policy, Polish Information and Foreign Investment Agency, Warsaw Business Journal, The Warsaw Voice, Property Journal, qbusiness.pl, egospodarka.pl and biuro-kreacja.info.

More information available at: www.cimaglobal.com/gbc

Chartered Institute of Management Accountants (CIMA) to instytut zajmujący się kształceniem profesjonalistów z dziedziny zarządzania finansami. Oferuje międzynarodowy program kwalifikacji zawodowej w dziedzinie tzw. rachunkowości zarządczej (ang. management accountancy). CIMA gromadzi obecnie 227 000 członków oraz studentów w 179 krajach świata. Program szkoleniowy poświęcony jest wyłącznie kształceniu specjalistów na potrzeby pracy w środowisku biznesowym. Głównym obszarem zainteresowania CIMA jako kwalifikacji jest zarządzanie przedsiębiorstwem i rola strategicznej informacji zarządczej w tym procesie. Kwalifikacja CIMA popularna jest wśród konsultantów, doradców finansowych, kadry kierowniczej odpowiedzialnej za procesy planowania i kontroli oraz osoby decydujące o strategii firmy. Więcej informacji na temat CIMA znaleźć można pod adresem www.cimaglobal.com.

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