June 24, 2011 , Volume 4, Issue No. 1

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

Welcome to the Michigan Council of the Institute of Management Accountants.  You will see elsewhere in this website that the Michigan Council consists of 8 chapters of the IMA in Michigan and Northern Indiana and the Council provides support to these chapters through leadership training and educational speakers and topics.

I want to congratulate the Michiana Chapter on its 75th Anniversary and the special recognition program it held on June 21st to celebrate this achievement. Brian McGuire, Chair of the IMA, attended this special program; and I want to recognize the Chapter for all its success in providing exceptional opportunities and benefits to its members for this long history.

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

A Message from Outgoing President, Chuck Phillips

At the beginning of my term as Council President, I wanted to build on the foundation from our past Council Presidents.  I believe we did just that.

First, there was our 9th Annual Fall Conference.  We increased attendance from the prior year and attendees enjoyed the slate of speakers.  I am looking forward to our 10th Annual Fall Conference on Monday, October 24th, so reserve that date on your calendars.  I will see you there.

We had students from three different universities that attended the Student Leadership Conference in California last November.  They had a wonderful time and I am glad that the Michigan Council assisted with their expenses.  I also want to thank the Grand Rapids, Detroit, and Ann Arbor Chapters for assisting with the student's travel expenses as well.  This year's Student Leadership Conference will be in Cincinnati.  I hope that we can once again help students with their expenses to this year's conference, so that more universities are represented.

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

Michigan Council Wins Council of Excellence Award - 14 Straight

Once again , the Michigan Council of IMA has been selected Regional Council of Excellence Award winner. Just six of the twenty-four regional councils in the United States are selected for their extraordinary performance each fiscal year. Winning Councils must meet all expected performance requirements, plus demonstrate accomplishments above and beyond those.

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

Plan to Attend the 10th Annual Fall Conference

The 2011 Fall Conference is scheduled for Monday, October 24th and will be held at Kellogg Center on the campus of Michigan State University. The conference is a great opportunity to earn CPE, be exposed to information that is important to our profession, and have an opportunity to meet and network with other Accounting Professionals.

As planning for topics and speakers progresses, watch our Fall Conference page for developments. If you have an idea for a topic, or know of an excellent speaker you'd recommend, please email Conference Chair, Chuck Phillips at cphillips@detroitlions.com .

Take a Look at the New Useful Links Page

Chris Mishler, our previous Michigan Council President, envisioned having a page on our web-site that would provide our members with links to websites of Professional Organizations, Financial Tools, Business Resources and more.  The Useful Links page is now a new page on the Michigan Council's website.  Please share your comments on the new page and let us know if you have suggestions about other websites that other IMA members might find useful by writing to webmaster@imamichigan.org.  We hope that you find the links on the new page very useful.

[VIEW THE NEW Useful Links Page]

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.

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

Ann Arbor Chapter News

Scholarships were presented to Rebecca Zhu and Wonseok Lee at the chapter's April meeting.

You'll want to check the chapter's website for the 2011-2012 lineup of exciting and informative speakers.  The schedule for the upcoming program year includes a list of educational speakers who will cover such topics as Corporate Finance, Leadership, Security Topics, Forensic Accounting.
See Ann Arbor's calendar of events at http://www.imamichigan.org/annarbor/events .

Detroit Metro Chapter News

The Detroit Chapter took 8th place in the National Chapter Competition!  Tom Miele stated that CPE for the day and a half seminar and student participation in all of the chapter's events helped raise the Detroit Chapter's standing in the Stevenson Division.  Tom praised Doug Hicks (Spring Conference Coordinator) and Maef Woods (WSU Professor) for their outstanding accomplishments and support in those areas.

The chapter's added focus on colleges the past few years is starting to pay some dividends in certification and chapter service points.  The Detroit Chapter participates in career fairs and also hosts an Accounting Certification Night every year to expose students to the CMA and other accounting credentials like the CFM, CMA, CFE, CFA, and CPA.

See Detroit Metro Chapter's website at http://www.imadetroit.com

Michiana Chapter News

The Michiana Chapter's All Day Seminar with Mr. Excel was successful.  The morning session covered Learning Excel 2010 and the afternoon session Advanced Data Analysis.  The chapter celebrated its 75th Anniversary in June.  The celebration included a dinner event with Chair-Elect Brian McGuire as guest speaker.  Brenda Engel reported that a student conference is being planned for the new program year. 

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

Saginaw Valley Chapter News

The chapter honored top accounting students from several colleges and universities at its April meeting.  A membership campaign directed toward young professionals/students and controllers/accountants at manufacturing firms is underway.  Contact Chapter President, Antionette Clegg, if interested in assisting with this campaign.

Visit Saginaw Valley's website at http://www.imamichigan.org/saginawvalley/events


IMA National News


The following news items of interest come from the National 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.

Raising the Profile of Management Accounting Globally

In Jeffrey Thomson's CEO Blog of May 26th he stated that The AICPA and CIMA (UK) approved a JV which would create a new global management accounting designation, the CGMA (Chartered Global Management Accountant).  Is this a good thing, or a bad thing, or ?? for IMA". 

Read Jeffrey Thomson's CEO Blog "Raising the Profile of Management Accounting Globally" to find out how this risk to IMA's mission may allow our professional organization  to convert risk to opportunity. 

Read more

Learning to Learn: How Small Actions Can Lead to Big Career Payoffs

“You have to be insatiable about learning.  In this rapidly changing environment, much of the onus on career development and training falls on workers, not on employers. As a result, people have to advance themselves through college, online courses and training. Unless you're in some unique, highly skilled positions, you can't rest, don't be complacent."  Kevin O'Brien, CPA, and Member of IMA Young Professionals Committee offers good advice on the importance of continuous learning in his article. 

Read more

Take Advantage of IMA's Knowledge Base

Did you know that you can pose on the job accounting and finance questions on Linkup IMA and get helpful answers and support from your peers?  It is a Q&A Discussion Area to showcase the knowledge base of IMA's membership.

Read more

Free Non-profit Webinars offered during the Summer

Chris Mishler, Regional VP of the Member Relations Committee, shared this news about free webinars offered during the summer. The topics include:  Nonprofit Newsletters that Engage, Budgeting Basics, Boomer Volunteers Building Capacity: Creating Positions and Developing Leaders, etc.  In our roles as Board Members of IMA Chapters, Councils, IMA National and other nonprofit organizations, it is important to take advantage of opportunities to expand our knowledge and enhance our skills.  The added knowledge and skills that we acquire will benfit the organizations we serve.

Read more




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