April 27, 2015 , Volume 7, Issue No. 3

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.

President's Message:  Joe Nycum, Council President 2014-2015

Signs of Spring have finally arrived with the emergence of fragrant flowers, green grass, and buds giving way to new leaves on trees that will provide shade on soon to come warm Summer days.

It is at this time of the year that we begin planning for graduation ceremonies and find opportunities for earning CPE and professional development by attending a Chapter Spring Conference like the IMA Michigan Council & Michiana Student Conference, the Detroit Chapter's Management Accounting Conference, the Lake Superior State University Student Chapter of the IMA's Superior Accounting Conference on May 22, 2015, attending the IMA's 96th Annual Conference & Expo June 20-24 in Los Angeles, CA or one of the program year end celebrations like the 6th Annual IIA, ISACA, and IMA Detroit Chapter Dinner Cruise on May 29, 2015.

These Conferences, Meetings, and Events are only made possible with support from the IMA Global Office and the commitment of dedicated IMA Volunteers from our Council and Chapters who plan and host these educational and networking opportunities. At the start of my term as President of the IMA Michigan Council 2014-2015 program year, I mentioned that the most important message I hoped to resonate is the value of association and active participation in the very organizations that support us professionally and make a difference in our world. 

Through the leadership and dedication of the IMA Michigan Council Board Members the Council was able to offer the 13th Annual Fall Conference to more than 200 Professional and Student Participants; Promote Chapter Meetings, Conferences and Charitable Fund Raising Events; Award Scholarships to deserving students and provide assistance with travel and conference fee costs to students who attended the 95th IMA Student Leadership Conference; Promote and Present information about the IMA and the CMA designation to College Students; Provide Website Maintenance & Support for the Council and Chapter Websites; Establish a new Council Leadership Award; and to serve in Leadership Roles on the IMA Global Board.

On behalf of the IMA Michigan Council Board, I want to say “Thanks” to all of our members who serve on the Boards of IMA Global, the IMA Michigan Council and its Chapters, along with those who offer to be guest speakers at IMA conferences and meetings, and who regularly attend those conferences and meetings.  It is the generous sharing of time, talent and resources by IMA members that sustain, grow and enhance the services of the IMA year after year.

In the February 2015 issue of Strategic Finance, IMA Chair, Joseph A. Vincent, CMA published an article titled "Building a Strong Board". He stated that "Governance is at the heart of any organization and the process of selecting members to sit on our Board is among the most critical functions of our association." Even though Mr. Vincent was speaking about the IMA Global Board, the same holds true for our Council and Chapter volunteer boards.

The IMA Michigan Council Board has selected, Brenda Engel as President of the IMA Michigan Council for the 2015-2016 program year. Brenda is a college professor, has a history of serving the IMA in many leadership roles, and will bring new energy and vision to the Council in the coming year. Please join me in congratulating Brenda as she begins serving as President July 1, 2015.

I encourage you to consider serving on the Board or an Advisory Committee of your local IMA Chapter and/or Council, if you aren't doing so already. Such volunteer service is an excellent way to grow professionally and help insure that the IMA continues to offer and provide the services needed for advancing the accounting and finance profession for years to come.

Joe Nycum, President of the IMA Michigan Council 2014 - 2015


Read current and past president messages

Record Attendance at the 13th Annual IMA Michigan Council's Fall Conference

The IMA Michigan Council's 13th Annual Fall Conference was attended by more than 200 Accounting Professionals and College Students. Doug Hicks served as Master of Ceremonies. Conference Speakers included: Russell T. Price, Senior Economist at Ameriprise Financial; Marianne Jennings, Emeritus Professor of Legal and Ethical Studies in Business from the W.P. Carey School of Business at Arizona State University; Paul D. Borja, Executive Vice President, Flagstar Bank; IMA Global Chair Elect, Benjamin Mulling, CMA, CPA, CITP; Dan Lynn, CPA Tax Partner, Beene Garter; Carol Hubbard, CPA, Audit Partner-in-Charge, Beene Gartner; Howard Cutler, CPA, Audit Partner, Beene Garter; Susan Mathiesen, Director of Research, McGraw Wentworth. To read more about the Annual Fall Conference follow this link Conference Page.

Michigan Council Wins 17th Council of Excellence Award

May 16, 2014 —17 Straight!

On May 16, 2014 Jenna Uszenski, Community Engagement Leader, IMA Global sent a note to Council President, John Engel, wanting to be the first to congratulate the Michigan Council on its success in winning the " Council Award of Excellence" in the 2013 - 2014 competition.  Our Council has won this award 17 consecutive years and 18 times out of the past 21 years. The Michigan Council is one of six regional councils in the United States selected from twenty-four Councils to receive the reward. Winning Councils must meet all expected performance requirements, plus demonstrate accomplishments above and beyond the established selection criteria.  The "Award of Excellence" was presented to John Engel 2013-2014 Council President, at the IMA's 95th Annual Conference in Minneapolis, Minnesota. Congratulations to Council President, John Engel and the entire Michigan Council Board!

Register for Upcoming CMA Review Courses

Take the next step toward becoming a Certified Management Accountant (CMA). Cleary University offers both classroom and on-line review courses.  Cleary University is the only institution in Michigan to offer the Certified Management Accountant Learning System, developed by the Institute of Management Accountants.

Check the Cleary University website for more information on registering for CMA Review Courses. [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 Ann Arbor Chapter's next meeting is scheduled for Thursday, May 21, 2015. EMU Professor, Robert Okopny will present on Ethics.

Check the Chapter's website for current news, events, and upcoming meeting dates.

Visit the Ann Arbor Chapter site at http://www.imamichigan.org/annarbor .

Detroit Chapter News

The Detroit Chapter's 6th IIA, ISACA, and IMA Detroit Chapters 2015 Social Event is scheduled for Friday, May 29, 2015. The event is a 3-hour Dinner Cruise aboard Private Charter Diamond Jack's River Tour.

Check the Chapter's website for current news, events and other upcoming meetings.

Visit the Detroit Chapter site at http://www.imamichigan.org/detroit

Michiana Chapter News

The Michiana Chapter's Annual Ethics Seminar will be held on May 19, 2015.

Check the Chapter's website for current news, events and other upcoming meetings.


Grand Rapids Chapter News

The Chapter's next meeting will be held on Tuesday, May 19, 2015 and will be a

charity event to benefit Kid's Food Basket.

Check the Chapter's website for current news, events and upcoming meetings.

Visit the Grand Rapids Chapter Site at http://www.imamichigan.org/grandrapids

Kalamazoo Chapter News

Check the Chapter's website for current news, events and upcoming meeting dates. 

Visit the Kalamazoo Chapter Site at http://www.imamichigan.org/kalamazoo

Lansing-Jackson Chapter News

Check the Chapter's website for current news, events and upcoming meeting dates. 

Visit the Lansing-Jackson Chapter Site at http://www.imamichigan.org/lansing-jackson

Saginaw Valley Chapter News

Check the Chapter's website for current news, events and upcoming meeting dates. 

Visit the Saginaw Valley Chapter site at http://www.imamichigan.org/saginawvalley

Upper Peninsula Chapter News

The Upper Peninsula Chapter's Lake Superior State University Student Chapter of the IMA will present the Superior Accounting Conference on Friday May 22, 2015. The conference offers 8 hours of CPE and will feature Keynote Speaker, Chuck Gallagher, Business Ethics Expert, Consultant, and Author.

Check the Chapter's website for current news, events and upcoming meeting dates. 

Visit the Upper Peninsula Chapter Site at http://www.imamichigan.org/upperpeninsula


Featured Articles and Webinars

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

What's In Your Leadership Toolbox?

By Barbara Tarasovich, CPA, CGMA, and Bridget Lyons

"Finance teams have been moving from counting wealth and policing compliance to creating wealth and strategy, so they need to broaden and upgrade some of their skills. Read more starting with page 40 of the March 2015 issue of Strategic Finance magazine.

Building A Peer-To-Peer Team

By Larry R. White, CMA, CFM, CPA, CGFM

"Much of the emphasis on how management accountants create value has been on providing value up the chain of command to the CEO and board of directors. A greater opportunity lies in management accountants facilitating value creation among their peers by taking the lead in creating a high-performing collaborative team." Read more on page 19 of the March 2015 issue of Strategic Finance magazine.

Leading Global Teams Virtually

By Bud Kulesza, CMA, CFM

"To lead a team effectively, you need to clearly define goals and purposes, share values and vision, and know your roles and responsibilities. But sometimes it's difficult to do that in a global organization where cultural differences influence attitude and behaviors and location differences force virtual meetings in-stead of face-to-face contact that's beneficial for team interaction." The author goes on to say "The lack of in-person contact, often present in global organizations, doesn't have to hinder the team's ability to get the job done." Read more starting on page 19 of the April 2015 issue of Strategic Finance magazine.

Continuing Education Webinars

Take time to check the IMA Global website to see what webinar topics are scheduled each month.  There are two webinar series:  The Inside Talk webinar series explores relevant topics from your profession and delivers timely information to broaden your knowledge and improve your performance.  The Leadership Academy series focuses on building the future of the accounting and finance profession by empowering its members and creating the profession's future leaders.

Read more and/or Register

Visit the IMA Career Center

This area of the IMA Global website helps connect members with new employment opportunities.  Job seekers can post resumes and set up email alerts.  Employers can post jobs and view IMA member resumes.

Read more and/or Create an Account



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