April 10, 2016 , Volume 8, 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:  Brenda Engel, Council President 2015-2016

As I write this letter on the first day of Spring, I am enjoying sunshine and daffodils in bloom. We are probably all welcoming the warmer weather to come, except for those folks who didn’t have chances to ski very much during this very mild winter. Maybe next year!

Since our last newsletter, the Council has accomplished a number of things:

  • Our Council financially sponsored several students from Michigan State University and Eastern Michigan University to attend the Global Student Leadership Conference in Orlando in November. Many of them sent me appreciative Thank you notes to express their thanks to the Council.
  • We had a very successful Student Leadership Conference on March 18, with about 30 students. Penny Weller gave a wonderful presentation on Leadership and promoted the CMA certification to the students and professionals in attendance.
  • Our Global Vice President and committee members attended the February Board meeting and reported the latest news to the Council at our March 8th Council meeting. Please contact Penny Weller at any time if you have questions about issues that were discussed.
  • Several of our Council Board members are also SCMS board members and attended their Board meeting in person or via conference call in February. Dana Collins is the President-Elect of SCMS for next year. Congratulations, Dana!

As we wind up this program year, we are planning for our Council’s participation in the Annual Conference in Las Vegas in June and our planning meeting in July. We will have a hospitality suite, along with the Ohio Council. Please join us if you are attending the Conference. Everyone who visits has a great time and works on a challenging jigsaw puzzle. Our Council planning meeting will be held on July 12, 2016 at La Senorita in Lansing, MI. All members of chapters in the Michigan Council are welcome to attend and help plan the upcoming year’s events. I 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.

I have been very fortunate to lead our Council’s team this last year. Our team makes it very easy to be successful. As many Presidents have said before me, we are a family and have built relationships that support each other and our Council’s efforts. Thanks to all who have made this happen. I am working hard to insure that our history of earning the Council Award of Excellence continues. Hopefully, all of the work that you have done at the Chapter level this year will result in a banner year for all of you. Thank you for all that you do for your Chapters and the Michigan Council.


Brenda Engel, MBA

President of the IMA Michigan Council 2015-2016


Read current and past president messages


5 Michigan Colleges have Attained IMA Academic Endorsement

On March 29, 2016 Walsh College was notified that the Bachelor of Accountancy, concentration in Corporate Control and Analysis program at the Walsh College of Accountancy and Business Administration has been approved for endorsement in IMA's High Education Endorsement Program.Walsh College is the 5th Michigan College to earn this prestigious endorsement from the IMA. Michigan State University, Central Michigan University, Cleary University, and Grand Valley State University have earned the IMA's High Education Endorsement too.

In order to receive the IMA Academic Endorsement, the IMA seeks to ensure that:

- Substantially (75%) of the learning aims of the CMA program are met at the appropriate cognitive level;

- There are adequate faculty resources to deliver the program;

- The program is accredited by a recognized accreditation organization (e.g., AACSB, ACBSP, IACBE, EQUIS, or other international or regional accrediting body); and

- The school has an IMA Campus Advocate.

Click here to read more more about the IMA Academic Endorsement.

Record Attendance at the 14th Annual IMA Michigan Council's Fall Conference

The IMA Michigan Council's 14th Annual Fall Conference was attended by more than 200 Accounting Professionals and College Students.  Doug Hicks served as Master of Ceremonies. Conference Speakers included: Mark Blaufuss, CFO of Metaldyne; Angela M. Carter, Global Ethics & Compliance Council for Whirlpool Corporation; Mitchell L. Stapley, CIO, ClearArc Capital; James Carter, Security/Risk Consultant for Pronexus LLC; George Kyroudis, Midwest Tax Leader at Experis; Marc Palker, Chair Elect of the Global IMA, Scott Rooney, Investment Advisor Representation at InvestWise Financial. To read more about the Annual Fall Conference follow this link Conference Page.

The 15th Annual IMA Michigan Council Fall Conference will be held on Monday, October 31, 2016. Block out this date on your calendar and make plans to join us for another great conference.

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, April 21, 2016 and will feature Lawrence Donaldon, Attorney with Plunkett Cooney. Mr. Donaldson will present "Anatomy of a Lawsuit". The Chapter's May meeting is scheduled for Thursday, May 19, 2016 and will include a presentation on "Ethics and a discussion of common ethical issues in the Accounting and Finance Professions. Meetings are held at the Carlyle's Grill in Ann Arbor, MI.

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 next meeting is a Tour of Cardinal Health's Detroit-Rosa Parks Distribution Center on Tuesday, April 19, 2016. Please register in advance for the tour. The following month's meeting is scheduled for Tuesday, May 17, 2016. The location, topic and guest speakers for the May meeting will be communicated in the near future.

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 next meeting is scheduled for Tuesday, April 19, 2016 at Villa Macri in Granger, IN. Guest Speaker, Carrie Jenkins of Creative Financial Staffing, will present an "Employment Outlook".

Chapter members will be participating in the Relay for Life at the University of Notre Dame Compton Ice Arena on Friday, April 15th.

The Chapter's May meeting on Tuesday, May 17, 2016 will be held at Villa Macri in Granger, IN.

The meeting is planned as the Chapter's "Annual Ethics Seminar" for IMA members and guests.

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, April 19, 2016 at Thousand Oaks Golf Course Acorn Grill. Guest Speaker, Paul Doyle, CEO, Costal Automotive and Costal Container will present "Strategic Planning - The role of Finance in an effective Strategic Planning Process."

The following month's meeting on Tuesday, May 17, 2016 will be a charity event to support "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

The Chapter's next meeting will be held on Tuesday, Apr. 19, 2016 at The Beacon Club in Kalamazoo, MI. The Guest Speaker will be, Norman W. Hawker, J.D., B.B.A., Professor of Finance and Commercial Law at Western Michigan University. Professor Hawker will present an "Ethics Seminar".

The Chapter's May meeting will be held on Tuesday, May 17, 2016 and is the "Annual IMA Conference & Golf Outing".

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

The Chapter's April meeting was held on Friday, Apr. 8, 2016 at Zehnder's in Frankenmuth, MI.

Julie A. Goman, BMA, CMA Adjunct Faculty at Delta College presented an "Ethics Case Study".

Watch the Chapter's website for more details about the date, topic, and speaker for the May meeting.

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 Chapter's meetings are over for the program year but there were a number of excellent learning and networking opportunities during the year They included a fascinating tour of Eagle Mine’s Humboldt Mill, an informative presentation on Marquette’s Downtown Development Authority and the annual holiday dinner. The student chapter at LSSU also provided a one-day seminar on ethics and other topics.

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.

Post Enron Accounting Rule Requires Companies to Report Leases

By Peter Eavis

"The Enron accounting scandal happened nearly 15 years ago, but the announcement on Thursday of a new accounting rule shows that its impact is still being felt in corporate America. The Financial Accounting Standards Board, the body that sets accounting rules, has passed a final rule that changes how most companies account for most of their leases." Read more.

Managing An Online Reputation (for your business)

By Kermit Pattison

"Your customers are talking about you - and the whole world is listening Local review sites are reshaping the world of small business by becoming the new Yellow Pages, one-stop platforms where customers can find a business and also see independent critiques of its performance... But managing your online reputation requires a whole new skill set." Read more.

6 Tips for Reconciliations

By Marc Ursick, CPA, CGMA

"Account reconciliation is an important task for may CPAs and CGMA designation holders working in business and industry." These best practices make it easier to do correctly:

- Prioritize your balance sheet

- Define a standard operation

- Don't try to be perfect

- Use metics to drive performance

- Monitor the process

- Use software to drive the process

Read more.


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)