November 25, 2017 , Volume 10, 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.

President's Message:  John Engel, MNA, Council President 2017-2018

On October 23rd we held our 16th Annual Fall Conference at the Kellogg Center on the beautiful campus of Michigan State.  I would like to thank our Conference Chair, Chuck Phillips and his committee for finding a great lineup of speakers that presented at this year’s conference.   Topics such as Cyber Security, Ethics, Economic Outlook and many more were covered.   If you have never been to this conference please plan to register for next year's conference that will be held on October 29, 2018.  I would also like to thank the Board of Directors of the Council for allowing me the opportunity to be your President one more time.  I can assure all of you that we began planning the program year in July.  Some of the accomplishments that have already been achieved are:  We have updated the bylaws of the Council to better reflect how we are currently doing business and those bylaws have been submitted to IMA Global.  We have placed into nomination 2 people for Global Director as we were required to do by IMA Global this year.  I am also proud to announce the launch of our new website, the URL for our site is http://michigan.imanet.org .  The old site at www.imamichigan.org is still active and will be until all of our chapters have been converted to the imanet.org platform.  In addition to the council, the Michiana Chapter site is also active and that URL is http://michiana.imanet.org in case you would like to preview what all of the sites will look like in the future.  I would like to thank Lee Bennett and Joe Nycum for their hard work on the legacy site and the new site.  When it comes to technology we are in very good hands.  If anyone needs our help with conversion of your website please let us know.  Please know that this is your council and we are here to help where we can.  I hope that the rest of the competition year goes well and that this will be a banner year for us all.  Thank you all for what you do for the IMA and I look forward to seeing you at one of our meetings or conferences.


John H. Engel, MNA

2017-2018 Michigan Council President

Phone: (574) 631-7088

eMail: John.H.Engel.3@nd.edu

Read current and past president messages


The 16th Annual IMA Michigan Council's Fall Conference

The IMA Michigan Council's 16th Annual Fall Conference was held on Monday, October 23, 2017 at the Kellogg Conference Center on the Campus of Michigan State University.  Doug Hicks served as Master of Ceremonies. Conference Speakers presented on on Economics, Ethics, Investments, Six Sigma, Behavioral Finance, and Cyber Security. The 17th Annual Fall Conference is scheduled for Monday, October 29, 2018. Please contact Chuck Phillips via email if your business is interested in sponsoring a future conference or if you have suggestions for topics. Please reserve this date on your calender and plan to join us for another great conference next year. Conference Page.


IMA Council Award of Excellence Presented at Fall Conference

Current IMA Michigan Council President, John Engel presents the IMA Council Award of Excellence to 2016-2017 Past President, Chuck Phillips. Our IMA Michigan Council has won this award 20 consecutive years and 21 times out of the past 24 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 "Council Award of Excellence" was presented to Council Board Members at the IMA's 98th Annual Conference in Denver, Colorado in June 2017.

Other awards were presented to the Ann Arbor Chapter which received the 3rd Place Award in the Stevenson Division, the Michiana Chapter 8th Place in the Warner Division, and the Detroit Chapter 10th place in the Stevenson Division. Congratulations to our Council and Chapters and thank you to the volunteer leaders who played an important role in achieving this success.


Chapter News

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

Ann Arbor Chapter News

The Ann Arbor Chapter's upcoming meetings in 2018 are scheduled for Thursday, January 18 Evan & Deborah Scarbrough to present, Thursday, February 15, and March 15 Kristie Stocker to present "3 Scoops of Leadership: What's your flavor?. More information on the topics and guest speakers will be posted on the chapter's website prior to each meeting. The meetings will be held at Buffalo Wild Wings 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 12th Annual Spring Management Accounting Conference is drawing near. Watch the chapter's website for information on upcoming meeting dates, topics and guest speakers.

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 will have a festive Holiday Bash on Sunday, December 17, 2017. The next meeting will be held on Tuesday, January 16, 2018. Larry Lackner, CPA with Metzger, Mancini & Lackner CPA's will present an "Annual Tax Update". The following month's meeting will be be on "Annual Employment Outlook" Tuesday, March 20, 2018. Chapter meetings are held at Villa Macri Restaurant in Mishawaka, IN.

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


Grand Rapids Chapter News

The Chapter's upcoming meetings include a "Volunteer Event" on Tuesday, December 19, 2017; "Captive Insurance" presented by Matt Capel of Van Wyk Insurance on Tuesday, January 16, 2018; and "Banking Perspectives" presented by JP Norkus, DWH on Tuesday February 20, 2018. Other planned events will be posted on the events page of the chapter's website in the near future. All Chapter meetings are held at Thousand Oaks Golf Course Acorn Grill.

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 a Plant Tour of Plymouth Packaging, Inc. on Tuesday, January 16, 2018; Dr. Brian Long will present an "Economic Update" on Tuesday, February 20, 2018; and Dr. Ola Smith will lead a Site Tour and Presentation at Haworth College of Business on Tuesday, March 20, 2018. Future meetings, speakers, and topics will be posted on the chapter's website. All Chapter meetings are held at The Beacon Club in Kalamazoo, MI.

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

Watch the Chapter's website for more details on topics and speakers that are planned for future monthly meetings.

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

The Chapter's next meeting will be held on Wednesday, February 21, 2018. Jon Gardey CFA, CFP and President of Gardey Financial Advisors will present an "Economic Forecast". The following month's meeting is scheduled for Wednesday, April 18, 2018 and will also include an "Ethics Case Study" by Julie A. Goldman, MBA, CMA Adjunct Faculty Delta College along with the Chapter's "Awards Night".

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 Annual Holiday Dinner is scheduled for Friday, December 8, 2017 at the Wawonowin County Club in Champion, MI. Future meeting dates and topics will be posted on the chapter's website.

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.

Build A Leadership Vision

By Nicole Gonzalez, CBM

"My role as VP of Finance transcends an executive position within my company. I also oversee the accounting department's operations and work closely with the officers of the company to make strategic and informed business decisions. As I continue to grow within my position, my leadership skills should develop as well. Good Leaders don't take their positions for granted. Leaders have the opportunity to inspire and empower others and can make a difference in colleagues' careers."

Read more.

Cyber Security: Common Risks

By Tammie Shcaefer, CPA, CGMA; Bonnie Brown, CPA; Fred Graessle, CPA; and Leigh Salzsieder, CPA

"A dynamic set of internal and external threats includes loss of data and revenue, sabotage at the hands of current or former employees, and a PR nightmare." An important take away from this article "Cybersecurity threats aren't going away and will likely only increase in sophistication. Your company will almost certainly be a target in one way or another.": Read more.

4 Operations Metrics To Reduce Risk

By Christopher Wilds

"Most CFOs don't see the true cost of their operations. Failing to monitor the continuous risks in existing operations can significantly impact company earnings."

Read more.

The CMA Advantage: An Update

By Gregory L. Krippel and Shiela Mitchell, CPA

"As an accounting or finance professional working in business, you probably already have a schedule packed iwth long days, multiple ongoing projects, and countless meetings. The idea of adding to your workload by studying for and earning the CMA" (Certified Management Accountant) credential probably appears daunting. But if you're a member of the IMA (Institute of Managment Accountants between the ages of 22 and 59, there's only one thing more expensive, time-consuming, and damaging to your quality of life than spending 300 hours studying of the CMA Exam - not studying for the CMA exam. The difference can have a significant impact on your lifetime earnings and quality of life."

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 2017 Michigan Regional Council of The Institute of Management Accountants (IMA)