October 3, 2012 , Volume 5, 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.

Plan to Attend the 11th Annual Michigan Fall Conference Scheduled for

Monday, October 29, 2012

Join other Accounting and Finance Professionals from each of the eight IMA Michigan Council Chapters, neighboring states like Illinois, Indiana, and Ohio along with faculty and students from area colleges including St. Clair College in Windsor, Ontario, Canada who gain valuable knowledge from an expert slate of guest speakers. Save $40.00! Don't forget the Early Bird deadline of October 12. [Read About the Conference & View the Conference Agenda

Michigan Council Wins 14th Council of Excellence Award

October 10, 2012 —14 Straight!

The Michigan Council of IMA was selected as the Regional Council of Excellence Award winner for the 14th straight year. Only six of the twenty-four regional councils in the United States are selected each fiscal year for their extraordinary performance.  [Read the entire article]

IMA Global Director, Sue Bos Offers Advice to Students Seeking Positions
Sue Bos, CMA, CPASusan E. Bos, CMA, CPA is an IMA Global Board of Directors member. She’s held many IMA volunteer posts with IMA over more than 25 years. Her offices have included Ann Arbor Chapter President, Michigan Council President and National Vice President. She has chaired IMA National Committees, and served several times on the IMA Global Board of Directors.  Sue remains very involved with the Michigan Council of IMA and her chapter. She works on behalf of accounting and finance students at her own Ann Arbor Chapter, and through the Michigan Council. She serves on several academic advisory boards at Eastern Michigan University, in Ypsilanti.  In her profession, Sue is Tax and Accounting Manager for the Washtenaw County Treasurer’s Office in Ann Arbor. In that role, she is experienced in hiring entry-level accountants and interns, as well as experienced accountants.

In a recent interview for IMA’s publication, “Campus Connection”, Sue was asked for her insights into the accounting profession, and for students who are preparing to enter accounting professions.

[See the full interview at: Campus Connection.]


Register Now for CMA Review Courses

Take the next step toward 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 CMA Review Part 1: Financial Planning, Performance and Control started on September 15, 2012 but there is still time to register for the next semester review course.  Winter classes covering Part 2:  Financial Decision Making begin on Saturday, February 9, 2013 and meet six times every other Saturday. 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 Ann Arbor Chapter's nest meeting will be held on Thursday, October 18, 2012 and Dr. Lou Petro will speak on "Management Fraud."

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

Detroit Chapter News

The Detroit Chapter's next meeting will be held on Tuesday, October 16, 2012. Susan T. Mathieson will speak on "Health Care Reform".

The Chapter's following meeting will be held on Tuesday, November 20, 2012 and the guest speaker will be Randy Dean.  Randy will present "Time Management - Finding an Extra Hour Every Day". 

Check the Chapter's new employment page for employment opportunities.

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

Michiana Chapter News

The Michiana Chapter's next meeting will be a tour of ND Innovation Park on Tuesday, October 16th.  The November Student Night meeting is scheduled for Tuesday, November 13, 2012.  The topic for Student Night will be communicated prior to the meeting.

Visit the Michiana Chapter Site at http://www.imamichigan.org/michiana

Grand Rapids Chapter News

The Grand Rapids Chapter's next meeting will be held on Tuesday, October 16th.  David Hop of Van Wyk Risk & Financial Management will present a "Risk Management & Insurance Update".  Brenda Pavlak, of Monroe, Sweeris & Tromp will present a "Tax Update" at the Chapter's November 20th meeting. 

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

Kalamazoo Chapter News

The Kalamazoo Chapter is jointly hosting an all day Professional Seminar with Stryker Medical on Tuesday, October 16, 2012.  Seminar topics include:  Health Care, State Tax Update and Auditing & Accounting Update, Pricing for Profitability - Because Cost Still Matters", Designing Cost Systems that Work, World Class Performance - How Properly Executed Benchmarking Can Help Maximize the Efficiency and Effectiveness of your Organization.  Click this Professional Seminar link to learn more about the event.

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

Lansing-Jackson Chapter News

As the new President of the Lansing-Jackson Chapter, Jimmy Tunney invites business and accounting executives to attend one the chapter's upcoming meetings. 

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

Upper Peninsula Chapter News

The Upper Peninsula Chapter's Board will be meeting in October to plan the annual Holiday Dinner.

Chapter President, Joel Thompson, invites members to share their ideas for a guest speaker.

You can contact Joel at jothomps@nmu.edu.

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

Saginaw Valley Chapter News

The Saginaw Valley Chapter's next meeting is scheduled for Wednesday, November 14th.  Guest speakers from Plante-Moran will present an "Annual Tax Update".

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


IMA Global News

The following news items of interest come from the Global IMA website.  Follow the links after each of the following paragraphs "Read more" to view the full article.

The CMA Turns 40!

This article written by Rick Thomson, CMA, CFM, and Dennis Whitney, CMA, CFM offers insight into how the CMA program began, how it has evolved, and some of the milestones it has achieved over the years. 

Read more on page 24 of the September issue of Strategic Finance magazine.

How the CMA Exam is Developed

William Cordes, CMA, CFM, CPA, CAE explains that it takes a team of subject experts, ICMA Staff, and Board of Regents to develop and test the CMA exam before it goes live. 

Read more on page 18 of the September issue of Strategic Finance magazine.

Global Passport for Success

Mark Jim Gurowka, CAE talks about the history of the CMA and how it's grown from a small U.S. based certification 40 years ago to a mighty international passport.  The CMA has become a global credential with active certified members in almost 100 countries.  This represents phenomenal growth in a program this age.  As economies continue to grow and become more international, finance and accounting professionals the world over have looked for a tool to help them and their companies grow and prosper on the international stage.  For many of them, the CMA Credential has been the answer.

Read more on page 42 of the September issue of Strategic Finance magazine.

Continuing Education Webinars

Take time to check the IMA Global web site to see what topics are scheduled to be presented 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.

The next Leadership Academy webinar "Emotional Intelligence: Foundation for Your Future" will be held on October 23, 2012 from 1-2:20pm ET. Brent Darnell, Founder of Brent Darnell International

and V. Marcine Johnson, CPA President & CFO Accounting & Tax Advisory Services, Inc. will show participants how to use relationship building skills to leverage the full power of their employees, both intellectually and emotionally. 

Read more




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