February 25, 2012 , Volume 4, Issue No. 4

From the Editor

This web-based newsletter serves as notice of our quarterly board meetings and communicates news of Council activities to our board and chapters. News items are shown with headlines and a short intro, linked to the full article on our Michigan Council web pages. News occurring between quarterly newsletter issues will be posted on our Council website, so please check there regularly, too.

Our newsletter mailing list includes all the current council board, active past council presidents, chapter delegates, chapter presidents. and others who would like to receive this communication. We encourage you to let us know what you think. Please contact webmaster@imamichigan.org .

Joe Nycum

Michigan Council News

Please follow the links below to read each article in full.

A Message from President, Dana Collins

President's Letter-February 2012

The Michigan Council will be meeting on March 8, 2012 to discuss strategic plans for the Council and Chapters and we encourage you to attend this meeting if you have an interest in helping to serve the Council in the year ahead. The Michigan Council is proud to provide support to the chapters in Michigan and Northern Indiana through leadership training, providing educational speakers on important topics along with financial support for local events important to each chapter.

The goal of the Council is to assist the chapters in providing benefits to its IMA members by responding to requests for assistance with speakers, topics and other activities and resources as appropriate. Our relationship with Michigan State University, Eastern Michigan University, Ferris State University and Grand Valley University allows us to help sponsor students from our local universities who are interested in attending the National IMA student conference annually and to promote the IMA and value of earning the Certified Management Accountant (CMA) designation.

[READ MORE AT http://www.imamichigan.org/message]

Read How Volunteer Experience with the IMA Changed a Member's Life

Susan E. Bos, CMA, CPA of the Ann Arbor Chapter has been published in the January 2012 issue of Strategic Finance.  Her article "I Treasure My 25 Years", tells of her IMA experience and how it changed her life. 

As a volunteer IMA member, Sue has been Ann Arbor Chapter President, Michigan Council President, National Committee Chair, National Vice President, and served in may other roles.  Thanks Sue for your dedicated service to the IMA and its members!

Read the full article at http://imamichigan.org/documents.html

1st Annual Student Conference

The Michiana Chapter is presenting it's 1st Annual Student Conference on Friday, March 16, 2012.

Attendees will learn about industry trends, employment opportunities, leadership skills, ethics, career management, and networking.

[READ MORE AT http://www.imamichigan.org/michiana/students/index.html]


Register Now for CMA Review Courses

If you're serious about becoming a Certified Management Accountant (CMA), Cleary University has the program for you.  Cleary University is the only institution in Michigan to offer the Certified Management Accountant Learning System, developed by the Institute of Management Accountants.

Winter classes covering Part 2:  Financial Decison Making begin on Saturday, February 18, 2012 and meet six times every other Saturday for 36 hours of classroom instruction. CMA exams are offered in Jan & Feb, May & Jun, and Sep & Oct.

[READ MORE AT http://www.cleary.edu/cma]


Chapter News

Please follow the links below to read each article in full.

Ann Arbor Chapter News

The next Ann Arbor Chapter meeting is scheduled for Thursday, March 15, 2012.  The pre-dinner speaker will be Eric Lupher, Citizens Research Conuncil of Michigan, who will present on "Michigan Economics".  Eric Lupher will also be the post-dinner speaker and will present on the topic of "Budgets".

See Ann Arbor's calendar of events at http://www.imamichigan.org/annarbor/events .

Detroit Chapter News

The Detroit Chapter won 8th place in the Stephenson Division of IMA and John Macaulay, CMA and Chair-Elect 2011-2012 presented the award to Tom Miele, Chapter President at the IMA Michigan Council's 10th Annual Fall Conference.

The Detroit Chapter's 6th Annual Spring Management Accounting Conference "Management Accounting's Role in Revitalizing US Manufacturing" will be held on Thursday, March 22, 2012.

Conference Topics Include:  Understanding the Impact of Investment Costs on Productivity/Profitability, Conceptual Framework of Managerial Costing, Lessons Learned from Autopsies of Failed Manufacturers, Practical Applications of Cost Accounting in Sage X3 and Other ERP Systems, Resource Consumption Accounting, and Enhancing the Bottom Line - A Mid-Sized Manufacturer's Success in Applying Activity-Based Concepts.

See Detroit's calendar of events at http://www.imamichigan.org/detroit/nextmeeting

Michiana Chapter News

The Michiana Chapter's next meeting is a joint meeting with APICS Tuesday, March 13, 2012.

The Chapter's 1st Annual Student Conference will be held on Friday, March 16, 2012.  Topics will include:  Industry trends, employment opportunities, leadership skills, ethics, career management, and networking.  View the Conference Page

The Chapter's April Meeting is scheduled for Tuesday, April 17th and will feature Carrie Jenkins as Guest Speaker and she will present an "Employment Outlook" for the accounting and finance profession.

See Michiana's calendar of events at http://www.imamichigan.org/michiana/events

Grand Rapids Chapter News

The next scheduled meeting by the Grand Rapids Chapter will be held on Tuesday, March 20th and Dr. Gregory Mcllema of Calvin College will present on "Ethics". 

The Chapter's April meeting will be held on Tuesday, April 17th and Mike Ritsema of i3 Business Solutions will present on "Cloud Technology". 

See Grand Rapids calendar of events at http://www.imamichigan.org/grandrapids/events

Kalamazoo Chapter News

The Kalamazoo Chapter's next meeting is scheduled for Tuesday, March 20th.  Helen Hughes, Director of System Integration, Managed Care, Business Relations, Case Management and Social Work, of Bronson Healthcare Group will speak on "Accountable Health Systems".  Mark B. Wichkard, Director and Founder of the Morgan Stanley Smith Barney Credit Union Group, will present a "Market Update and Closer Look at Fixed Income Securities".

Congratulations to Mike Write, one of the newest members of the Kalamazoo Chapter! 

Mike received a Certificate of Distinguished Performance for his high CMA exam score and will receive an award at the National Conference in Las Vegas this coming  June.  Congratulations Mike!

See Kalamazoo's calendar of events at http://www.imamichigan.org/kalamazoo/nextmeeting

Upper Peninsula Chapter News

Chapter President, Joel Thompson reported that members of the Upper Peninsula Chapter will be volunteering their time to answer phones for Public TV-13 (WNMU) in March.  This service activity helps with the annual fund drive in support of public television.

See Upper Peninsula's calendar of events at http://www.imamichigan.org/upperpeninsula/events

Saginaw Valley Chapter News

The Chapter's next meeting is scheduled for Wednesday, April 18, 2012 and will feature Julie A. Goldman, MBA, CMA, Adjunct Faculty Member of Delta College.  Julie will present an "Ethics Case Study".

See Saginaw Valley's calendar of events at http://www.imamichigan.org/saginawvalley/events


IMA Global News

The following news items of interest come from the Global IMA site at http://www.imanet.org. Please visit that site for more news and information. To read the full articles below, just follow the "Read more" link after each article.

IMA Ready to Compete with AICPA for Management Accountants

Jeffrey Thomson, current President and CEO of the Institute of Management Accountants, recently sent a letter to Accounting Today outlining his concerns with the AICPA's plans to "grandfather" CPAs into a new Chartered Global Management Accountant credential for free and without any demonstration of real competency. 

Read more

It's All About Credibility in Serving the Profession

Jeffrey Thomson learned that another CMA ascended to a prominent position - selected by the SEC to be a member of the  PCAOB (Public Company Accounting Oversight Board).  You will be learning more about this individual soon.  CMAs around the world have ascended to be CEO, CFO, Chairman of FASB, Corporate Controllers, State Controllers and more.  They earned their certification by passing a rigorous, relevant, and focused exam. 

Read more

The Value of the CMA

Make one of your New Year's resolutions to earn the CMA designation.  The CMA (Certified Management Account) is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance.

Achieving the CMA credential demonstrates your mastery of financial planning, analysis, control, and decision support, as well as professional ethics.

Read more

IMA Predicts Trends Impacting Management Accountants in 2012

"While many people think of 'Accountants' as public accountants during tax season, the reality is that the majority of accounting professionals work inside organizations in management accounting roles such as financial analyst, financial manager, controller or CFO," said Jeff Thomson, CMA, IMA President and CEO.  "These professionals can expect unique challenges, as well as opportunities, in 2012, as they hold a broad range of responsibilities such as planning and budgeting, analysis, control and decision support."

Read more


Continuing Education Webinars

Do you realize that as a member of the IMA, you have access to continuing education webinars?

Consider attending the upcoming webinar on "The Cloud, CPM, and CFO" on Wednesday, March 7, 2012.  Attendees will learn to understand how to leverage cloud and related technology, use leading indicators to anticipate changes in your company's environment, and learn the significance of metrics driven organizations.

Read more




Copyright 2011 Michigan Regional Council of The Institute of Management Accountants (IMA)