News from Akron Chapter IMA Dec-2006
Akron Chapter IMA Newsletter )
The Summit Report December 2006
In this issue
  • Ron Riebe in the Wall Street Journal
  • Board Meeting Date Revision
  • Pricing for 2006 - 2007
  • Welcome New Members
  • 2006 - 2007 Meeting Schedule
  • Message from Employment Director
  • 2007 Accounting and Finance Salary Outlook
  • Dear Members:

    The President of the Akron Chapter, Dean Hull, and all the Board Members wish you and your families a Happy Holiday Season.


    Shirley Calvin

    Ron Riebe in the Wall Street Journal
    Reibe

    Don't miss looking at page B7 of the November 28, 2006 Wall Street Journal for a full-page ad describing Ron Riebe's accomplishments to win the IMA/Robert Half International 2006 Financial Executive of the Year Award.
    Ron was feted at a reception on November 27, 2006 at the University of Akron Martin Center attended by IMA President/CEO Paul Sharman and Welcomed by Akron Chapter President Dean Hull.
    Congratulations, Ron!

    Board Meeting Date Revision

    The board meeting is moved from January 3rd to January 25th. The reason is so that we can participate in the Ohio Regional Council conference call. The meeting location will be at Formtech. The time will be announced.

    Pricing for 2006 - 2007

    The price for the 2006/2007 Tech Session Dinner Meetings will be $25.00 per meeting.

    The Pre-Tech Sessions are $10.00 per session.

    Pre-Tech Sessions will begin and end promptly at 5:25 p.m. and 6:15 p.m. respectively.

    Welcome New Members

    The following students from Kent State University joined the Akron Chapter in October and November.

    • Thomas Dusek
    • Ying Hou
    • Jennifer Otto
    • Andrea Sweitzer
    • Shannon Weber
    • Cheryl Bonifay
    • Michael Evilsizer
    • Katy Hunter
    • Michael Diskiwsky Jr.
    • Jeffrey Ondrusek
    • Sean Groves
    • Terry Pollock
    • Nicole Hostacky
    • Kristine Kleese
    • Daniel Diroll
    • John Dudley
    • Kimberly Relihan
    • David Visger
    • Anthony Chapman
    • Lisa Cain
    • Nick Cicero
    • Lindsay Fincik
    • Lindsay Johnston
    • James Rudicil
    • Jonathan Schneider
    • Jennifer Shick
    The following students from the University of Akron also joined the Akron Chapter in those months.
    • Patrick Allen
    • Melissa Favilla
    • Noelle Young-Nwafor
    Also joining the Akron Chapter were:
    David Riebe, a student at Youngstown SU, who was sponsored by Ron Riebe
    Danielle Kimmell of Bober, Markey, Fedorovich, who was sponsored by Dean Hull

    2006 - 2007 Meeting Schedule

    All Regular Meetings are on the third Wednesday of the Month

  • 1/9/06 Joint Luncheon Meeting with ASWA Fairlawn Hilton Inn
  • 1/17/07 Tangier Restaurant
  • 2/21/07 Martin University Center
  • 3/21/07 Tangier Restaurant
  • 4/18/07 KSU Student Center
  • 5/16/07 Tangier Restaurant
  • Message from Employment Director

    The following position is currently available.
    Location: Hyson Products, 10367 Brecksville Road, Brecksville, OH 44141
    Contact: Barry Taylor, Controller, Tel: 440-546- 3469, Email: btaylor@asbg.com

    Experience and Knowledge

    • Minimum 3 years of experience in the accounting profession
    • Familiar with GAAP and has foundational knowledge of financial reporting in a public company
    • High level of computer capabilities (Excel, Access, Query)

    Key Responsibilities

    • Maintain General Ledger and generate financial reports to meet internal and corporate requirements
    • Prepare FDC files for multiple business units and transmit financial results to Group/Corporate.
    • Prepare General Ledger account reconciliations, including Control Account.
    • Maintain Fixed Asset ledger and interface with property tax administrators
    • Coordinate inter-company settlements and payments with Stromsholmen
    • Record liabilities and coordinate commission payments to distributors using custom program
    • Perform analysis of JBA data using query/ODBC program languages
    • Assist in preparation of annual Profit Plan
    • Prepare Finished Goods/WIP/RM analysis for month-end posting to G/L
    • Coordinate physical inventories

    The opening is due to a retirement. For a more complete job description Contact Akron IMA Employment Director at Roy@ BlairRubber.com , or you may contact the Company directly

    Roy Howarter - Akron IMA Employment Director, 1- 800-321-5583

    2007 Accounting and Finance Salary Outlook

    Business growth, ongoing compliance-related issues and a shrinking labor pool are fueling demand for accounting and finance professionals, according to the 2007 Salary Guide from Robert Half International. Salaries are on the rise, with a national average increase in base compensation of 3.8 percent projected for 2007.

    Due to the competitive hiring market, companies will pay at the high end of their salary ranges for professionals possessing the right mix of skills. Firms also are expediting the hiring process and offering signing bonuses to secure top candidates. Options such as flexible scheduling, telecommuting and part- time work are becoming increasingly common.

    The 2007 Salary Guide also indicates certain specialists are in particular demand. Many organizations seek professionals with knowledge of U.S. Securities and Exchange Commission reporting requirements to help maintain compliance with the Sarbanes-Oxley Act and other regulations. In addition, public accounting firms of all sizes are making recruiting a year-round priority in areas such as audit, corporate governance, tax and risk management.

    With regard to professional certifications, the certified public accountant (CPA) designation remains the most in-demand accreditation for many positions. However, employers also seek candidates with designations such as the certified management accountant (CMA), certified internal auditor (CIA), and certified information systems auditor (CISA).

    Other key findings reported in the 2007 Salary Guide include:

    • Corporate finance analysts are projected to see base compensation of $48,000 to $63,250 annually, a 7 percent increase over 2006.
    • Risk managers can expect a 6.7 percent increase in starting salary in 2007, to between $54,500 and $72,250.
    • Bookkeepers can anticipate a 6.7 percent increase in base compensation, to the range of $30,250 to $37,000 annually.
    • Entry-level cost accountants at small companies (up to $25 million in sales) will see starting salaries rise 5.8 percent, to between $33,250 and $39,250 annually.
    • Information technology audit managers at large companies will see average starting salaries of $85,500 to $114,500, up 5 percent from 2006 levels.

    Note: All figures listed are national averages and may vary by market. For more information on customizing salaries for your city, please contact your local Accountemps and Robert Half Finance & Accounting office.

    Accountemps is the world’s first and largest temporary staffing service specializing in the placement of accounting, finance and bookkeeping professionals. The company has more than 350 offices throughout North America, Europe, Australia and New Zealand, and offers online job search services at www.accountemps.com.

    The 2007 Salary Guide from Robert Half International includes starting salary ranges for accounting, finance and banking positions, as well as information to customize salaries for 70 local markets. For more information about Accountemps or to order your free copy of the 2007 Salary Guide, please contact your local Accountemps and Robert Half Finance & Accounting office.

    Exciting New Pay Pal Option
    You will be receiving your meeting invitation under a separate mailing. When it arrives it will include a link to pay pal. Save $2.00 on your dinner by paying in advance by using this feature.
    Paying with pay pal offers the advantage of speeding up your check in at the meeting and offers the ability to print your receipt immediately for reimbursement purposes.

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