September 10, 2011 , Volume 4, Issue No. 2

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

The Institute of Management Accountants is a global organization that provides educational, research, networking and leadership opportunities to its members and the local chapters. 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. The goal of the Council is to assist the local chapters in providing benefits to its members and responding to requests for assistance with speakers, topics and other activities and resources as appropriate.

The Council has been very busy this summer in meeting with the Presidents and Board of Directors of the local chapters and offering assistance in their goals to serve the chapter membership. A great deal of effort has taken place into developing and organizing the Fall Conference that the Michigan Council sponsors each year. This year the conference will be held at the Kellogg Center in East Lansing, Michigan on October 24, 2011 and once again the Council will provide 8 hours of outstanding educational opportunities to its Chapters’ members and I want to invite all of you to attend this conference.

[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 .

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.

Fall classes covering Part 1:  Financial Planning, Performance and Control begin on Saturday, September 10, 2011 and meet five times every other Saturday for 30 hours of classroom instruction.  The Spring classes begin on Saturday, February 18, 2012 meeting six times every other Saturday for 36 hours of classroom instruction.

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

Ann Arbor Chapter News

In April, the Ann Arbor Chapter awarded two scholarships and Rebecca Zhu was one of the recipients.  During the Summer, Rebecca traveled to China and subsequently wrote an article about her experience.  Her article, "Link Up and Make a Difference" describes her experience of interacting with other IMA members and business leaders in China.  "This summer, I decided to take a trip to China, and had an interest in meeting IMA members in the region.  When Susan Bos, a member of the IMA' Board of Directors heard about this plan, she immediately made several contacts to eventually help me connect with Sherry Ma, as staff member of IMA China.  Sherry introduced me to two executive IMA members who were from Coca-Cola and General Motors respectively in Shanghai.  We exchanged stories, talked about backgrounds, and discussed some business about the IMA.  Unlike other regions, the IMA in Shanghai has not developed their local chapters.  I shared with them how we operate our Ann Arbor chapter by introducing monthly dinner meetings, board meetings, student scholarships and community services.  They said, "We hope to implement those ideas to our chapters in the near future."  In the meantime, they also gave me great advice on key skills needed to be an effective leader.  They encouraged me to forge ahead, and to always be open to opportunities that arise."

The next Ann Arbor Chapter meeting is scheduled for October 20, 2011and will feature two guest speakers, Anthony Kurek, EMU will present "Are you Prepared for an Audit?" and Sajay Rai CPA, CISSP, CISM will present "Top IT Audit Risks".

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

Detroit Chapter News

The Detroit Chapter took 8th place among 76 of the largest U.S. Chapters!  The next Detroit Chapter meeting is scheduled for Tuesday, September 20, 2011 and will feature a speaker from Trinity Health on the current status of "Health Care Reform" as well as a speaker from the State of Michigan's Lieutenant Govenor's office who will speak on the current status of the Detroit International River Crossing (DIRC). 

On Tuesday, October 18, 2011 a Student Night is being planned.  In addition to the evening's panel of speakers and sponsors, the Chapter hopes to use the event to launch an eclectic multi-college, Student Chapter that will meet twice a year to grow as upcoming professionals. The list of Colleges invited to this event include:  Walsh College, Wayne State University, U of M Dearborn, Oakland University, Davenport University (Livonia and Warren), and the University of Detroit.

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

Michiana Chapter News

The Michiana Chapter's next meeting is a Plant Tour of Notre Dame's Innovation Park on Tuesday, October 18, 2011.

The Chapter is asking members and the businesses they work for to help sponsor students interested in attending the IMA's 12th Annual Student Leadership Conference in Cincinnati, Ohio November 10th - 12th by paying for the cost of registration and lodging.

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

Grand Rapids Chapter News

The Grand Rapids Chapter's next meeting is Tuesday, October 18, 2011 and Mary Bauman of Miller Johnson will present a "Health Care Update".

See Grand Rapids Chapter's website at http://www.imamichigan.org/grandrapids

Kalamazoo Chapter News

The Kalamazoo Chapter's is presenting an All Day Seminar jointly with Styker, Inc. on Tuesday, October 25, 2011.  Attendees can earn up to 8 hours of professional development while learning from guest speakers like Doug Hicks CPA, CMC.  Doug will present "Pricing for Profitability - Because Cost Still Matters" and "Designing Cost Systems that Work".

See Kalamazoo Chapter's website at http://www.imamichigan.org/kalamazoo/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.

IMA's 12th Annual Student Leadership Conference

"It's never too early to start planning for a promising career.  So mark you calendars now for an Annual IMA event that offers the tools and resources you need to land that first job."  The IMA's 12th Annual Student Leadership Conference will be held November 10-12, 2011 at the Hilton Cincinnati Netherland Plaza - Cincinnati, Ohio.

Read more

Accounting Majors:  The Importance of Learning Beyond the Classroom

“On August 17, 2011 The Associated Press named "Accountant" as one of five fast-growing jobs despite the weak economy.  This is bright news for accounting majors returning to college this fall, but according to the IMA, the global association exclusively for the management accounting profession, students must strengthen their accounting knowledge outside the classroom to better position themselves for success in the job market."

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

Continuing Education Webinars

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

The 2011 Leadership Academy includes webinars on Presentation Skills, Work Motivation, Goal Setting and Career Planning, and more.

Read more




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