October 3, 2012 , Volume 5, 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:  Anne Meehan, Council President 2012-2013

I would like to thank each and every one of you who attended the Annual Conference. The hard work of our dedicated Michigan Council and the valued support of our sponsors and members resulted in record attendance. We strive to bring quality speakers with interesting and relevant topics so plan now to attend next year’s event!


As I emphasized at the conference, this organization exists to serve its members. I would encourage you to take advantage of your local chapter as well. It is there to bring you opportunities for CPE, provide valuable networking, interesting speakers and a peer group to discuss topics affecting you and your business. The contacts and dates of upcoming meetings are listed on our website. Tap in to the resource that is there and take full advantage of your membership! 


If you find that your IMA membership is bringing value to you and you have enjoyed the Annual Conference, please consider sharing your IMA experience with a friend or co-worker that may also gain benefit from involvement in the IMA. The pricing for our Annual Conference is such that it provides extreme value for the CPE earned. I would challenge each member to invite a peer to the next chapter meeting or Annual Conference. Let’s grow our Michigan IMA this year and share the resources our field relies on!

Lastly, I would like to extend a heartfelt holiday greeting to all!   May we keep our colleagues on the East Coast in our thoughts and prayers during this upcoming holiday season.

More than 200 people attended the 11th Annual Michigan Fall Conference on Monday, October 29, 2012

The IMA Michigan Planning Committee, led by Fall Conference Chair, Chuck Phillips, CMA, prepared another great conference program. Doug Hicks, CPA served as Moderator and introduced a great slate of Conference Speakers who shared their knowledge and experiences with an audience of Accounting and Finance Professionals, Faculty and Students from area colleges.

For those who were able to attend this year's Conference, we hope that the educational experience and opportunities to network with your peers at the conference will assist you in furthering your education and advancing your careers.  For those who were unable to attend, reserve Monday, October 28, 2013 to join us for the next Conference.

 [View Photos of the 11th Annual Michigan Fall Conference

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.

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 next meeting will be held on Thursday, January 17, 2013.

The Ann Arbor Student Chapter had six Eastern Michigan Students attend the IMA's 13th Annual Student Leadership Conference in San Antonio, TX November 1-3, 2012. Click the following link to view reports and pictures by Xiaofang Zhang and Wonseok Lee. [Student Conference Reports]

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

Detroit Chapter News

The Detroit Chapter's next meeting will be a joint meeting with IIA on Tuesday, January 15, 2013 at VisTaTech Center, Schoolcraft College, Lavonia, MI.  Guest speakers will be Tom Naughton, CEO, Wayne County Authority & Mustafa Mohatarem, Ph.D. Chief Economist, General Motors.

The Chapter's Annual Student Night "Career Development" is scheduled for Tuesday, February 19, 2013.  The Chapter's Annual Spring Conference is scheduled for Thursday, March, 21, 2013.

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 is having a Holiday Bash on Saturday, December 15, 2012 at Tippecanoe Place in South Bend, IN.  The Chapter's last meeting this year is scheduled for Tuesday, December 18, 2012.  Future meetings include:  An "Annual Tax Update" by guest speaker, Larry Lackner on January 15, 2013 and "The Dirty Dozen 12 things you did not know about tax" by Claude Renshaw on Tuesday, February 19, 2013, and "IFRS" by guest speaker, Joyce Hicks on Tuesday, March 19, 2013.

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 Thursday, January 17, 2013 and guest speaker, Tim Bergsma, CMA, CFE will present on "Criminology and Fraud".  The Chapter's Student Night is planned for Thursday, February 21, 2013.

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

Kalamazoo Chapter News

The Kalamazoo Chapter's next meeting is scheduled for Tuesday, January 15, 2013 and the topic will be "An Economic Update".

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.  Watch the Chapter's calendar for upcoming meetings in the new year.

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

Upper Peninsula Chapter News

The Upper Peninsula Chapter's Annual Holiday Dinner is planned for Friday, December 7, 2012 at the Northern Michigan University Center's Cadillac Room.  Check the Chapter's website for more details.

As you look toward the coming year, 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, January 16, 2013 and will feature guest speaker, Jon Gardey, CFA, CFP President of Gardey Financial Advisors.  Jon will present an "Annual Economic Forecast".

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 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.

The next IMA Leadership Academy webinar "Workplace Bias" is scheduled for Tuesday, December 11, 2012 1 - 2:30pm ET.  Workplace bias has a significant negative impact on individuals, organizations and society by creating additional costs and lost opportunities.

The presenters include Sandra L. Gilberson, Business Consultant, with Robert Half International; Lynette Pebernat, CMA, CFM, CPA and Sr. Director IT, Dynegy, Inc.; and V. Marcine Johnson, CPA President & CEO Accounting & Tax Advisory Services, Inc. and Associate Dean - Course Delivery IMA Leadership Academy.  

Read more and/or Register




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