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News from Akron Chapter IMA - March 2009
Akron Chapter IMA Newsletter )
The Summit Report March 2009
In this issue
  • President's Message
  • Pre-Technical Session - "Business Banking in Uncertain Times"
  • Technical Session - "Controlling Employee Benefit Costs"
  • 2008 / 2009 Meeting Schedule
  • 35th Annual Meonske Professional Development Conference
  • Meonske Conference - A Real Bargain
  • ASWA March 10 Breakfast Meeting at Akron Family Restaurant
  • CMA Review Class
  • Message from Employment Director
  • CFS Opportunities
  • Welcome New Members
  • Local Favorites to Speak at Denver National Conference
  • The Benefits of Flexible Staffing
  • Dear Members:

    Please join your fellow Akron Chapter IMA members at Tangier Restaurant for CMA/CFM Night.

    Please forward newsletter items to:
    ima_newsletter@yahoo.com
    Thanks!


    Shirley Calvin

    President's Message
    Becky

    Fellow Members,

    I am sure you are like me, hoping that Spring will be here soon. It sure seems like it has been a long winter. At the meeting this month, we will be honoring all of the members who are CMAs. During the past year, five members have obtained the CMA certification.

    At this month's meeting, you will be able to "give back" to the Akron-Canton Regional Food Bank. Please bring in a donation of food or money.

    We have a few more meetings left before the summer break is here. Please join me at one or all of the meetings. Bring a co-worker!

    Becky Price
    President
    Akron Chapter IMA

    Pre-Technical Session - "Business Banking in Uncertain Times"
    Terry

    Tangier Restaurant
    March 18, 2009
    Pre-Technical Session - 5:25 PM Sharp

    BRIAN A. RAY
    Vice President, Corporate Banking, National City Bank
    "Business Banking in Uncertain Times"

    Brian Ray has been Vice President, Corporate Banking, at National City Bank since January 2005. His responsibilities include increasing revenues from commercial customers in an assigned territory (primarily through commercial loan and deposit growth), maintaining relationships with existing customers while actively seeking out new banking relationships, anticipating customer needs and adding value in every interaction, and quickly uncovering the critical credit factors impacting loan risk and determining whether a deal is worth undertaking. Brian has also been a branch manager at National City.

    In his spare time, he has been an adjunct professor (since September 2002) at Indiana Wesleyan University in Cleveland, where he teaches adult learners in an evening accelerated MBA program and also teaches Advanced Managerial Finance and Advanced Marketing Management.

    Prior to National City, Brian was a financial advisor at UBS Paine Webber in Cleveland for a year and an Associate for Mergers & Acquisitions with Aspen Education Group in Cerritos, CA for several years. Prior to that, he was Associate Director of Admissions for Hidden Lake Academy in Dahlonega, CA.

    Brian received his B.A. in Sociology from Ohio University and his MBA from the University of Massachusetts. Brian is the 2008 winner of the Greater Akron Chamber's "30 For the Future" award, is a member of Leadership Akron Class XXIV, and was 2006 sales champion and an EXCEL AWARD nominee at National City Bank.

    Brian's community involvement includes being a Board member of Akron Civic Theatre, Akron Development Fund, West Akron Baseball League, and King School PTA (Treasurer). He is also a volunteer with Junior Achievement, the Ohio Foundation of Independent Schools, the Royal Family Kids Camp, and Bridgestone Invitational.

    Technical Session - "Controlling Employee Benefit Costs"
    Gary

    MICHAEL MARKOWSKI, CPA
    CFO, Pharmacy Management Group
    "Controlling Employee Benefit Costs"

    Michael Markowski is Chief Financial Officer of Pharmacy Management Group (PMG), a customer- focused provider in first-class pharmaceutical care and support. Mike has more than 22 years of public accounting experience and has serviced clients in a variety of industries, with his primary focus on healthcare-related and non-profit organizations. For the past six years prior to joining PMG in 2006, Mike was a partner with Bruner-Cox LLP. He was also the director of Bruner Cox's Healthcare and Not-for-Profit Services Group.

    Mike has successfully coupled his interest in the healthcare field with his expertise in financial accounting and reporting, knowledge of the ever- changing tax laws, litigation support, business consulting services, financial projections, and joint ventures.

    Mike is a graduate of Xavier University with a BS in Business Administration. He sits as a board member of the Hoban Trust Fund and holds professional affiliations with the Ohio Society of CPA's, the AICPA, and The Healthcare Financial Management Association.

    2008 / 2009 Meeting Schedule

    All Regular Monthly meetings for the 2008/2009 year will be held at Tangiers Restaurant on the following dates:
    3/18/09
    4/22/09
    5/20/09

    Dinner cost for the regular meetings is $25 (or $23 using the Pay Pal option) and $10 per Pre-Tech Session.

    35th Annual Meonske Professional Development Conference

    35th Annual Meonske Professional Development Conference
    Kent State University
    Ohio Council of the Institute of Management Accountants

    One of the "Top five financial reporting conferences in America"
    Friday, April 24 Conference and Thursday, April 23, 2009 Preconference Workshop For more information go to Meonske Conference for details - Registration Information to follow

    Meonske Conference - A Real Bargain

    You are probably being bombarded from many sources about upcoming conferences and seminars to help you cope with the uncertainties of our deteriorating economy. You are also probably receiving advice on how to do fair value accounting and prepare for the coming of "IFRS" (International Financial Reporting Standards). Why not skip the advice that might be out of date and hear it from the source? The 35th Annual Meonske Professional Development Conference at KSU on April 24 brings together a rare gathering of the leaders and thinkers of the accounting profession. Here's a brief sample of what you'll be seeing - the current chairman of the FASB (Bob Herz), the former chairman of the FASB (Denny Beresford), a member of the PCAOB and candidate for Chief Accountant of the SEC (Charles Niemeier, who is a critic of IFRS), and the National Director of Accounting Standards for Ernst &Young (David Holman) - all together on the Friday morning Financial Reporting Panel! Should be a lively discussion. Then, at lunch, we get to hear a former chairman of the SEC (Harvey Pitt) who is just back from a consulting assignment in the Middle East - at a recent roundtable discussion among past SEC Chairmen convened by former SEC chairman Christopher Cox, whenever Harvey spoke, everyone on the panel leaned in to hear every golden word (just like an old E.F. Hutton commercial). In the afternoon session, one of several great speakers is the former CEO of Compac Computer Corporation and MCI (turned it around after the WorldCom debacle) and current chairman of First Data (Michael Capellas, who is also a former student of Norm Meonske). Never before has such a collection of stars appeared locally on the same day. Also, all Friday attendees will receive a black leather, executive briefcase in commemoration of our 35th Annual Meonske PD Conference. All this for the same price as last year's conference. If you haven't received a yellow brochure in the mail or at IMA chapter meetings, please go to the Ohio Council website, www.ohioima.org, to register.

    Guess what? There's more. On Thursday, April 23, our Preconference Workshop will present concurrent tracks in the morning (giving you a choice of ethics & fraud OR a Fair Value Standards Boot Camp). During the afternoon, we start with Aaron Beam, former CFO of HealthSouth (a $2.5 billion fraud) and convicted felon, who will tell us what to do "When your boss tells you to do something wrong". We will finish the afternoon with a panel giving you some timely tips on how to "Make yourself more valuable in the Workplace" and some best practices in "Managing your career". This Workshop also holds to the same price as last year. Go to the Ohio Council website to register. So, that's it, the right Conference and the right Workshop at the right time. If you are watching your CPE dollars, this is one event that you don't want to miss. A sellout is expected - register early - see you in April at KSU!

    ASWA March 10 Breakfast Meeting at Akron Family Restaurant

    ASWA is so very excited to welcome the energy, enthusiasm and wisdom of Maia Beatty to our ASWA March 10 Breakfast Meeting at Akron Family Restaurant!

    This is going to be a networking event like no other, where we polish our skills and focus our energy on creating a positive open environment and breaking through the awkwardness of networking.

    For those of you who have had the pleasure of working with Maia, you know that no one makes you feel more comfortable in your own skin. Let us harness that self-confidence to strike some deals.

    Invite your associates, bankers, attorneys, prospective clients, anyone with whom you would like to further your relationship and be ready for a life changing experience.

    Date: Tuesday, March 10, 2009
    Time: 7:30 - 8:30 am
    Location: Akron Family Restaurant
    250 W. Market Street, Akron
    Phone: 330-376-6000

    Make your reservation today by sending an RSVP to aswadinner@yahoo.com with breakfast choice.

    Menu choices:
    2 eggs, bacon, hashbrowns & toast - please specify type of egg (scrambled, overeasy, sunnyside up) and toast preference (white, wheat or rye)
    Ham and cheese omelet, hashbrowns and toast - please specify type of toast (white, wheat or rye)
    2 hotcakes, bacon and 2 eggs - please specify type of egg (scrambled, overeasy, sunnyside up)
    Includes beverage
    Cost - $12

    Recommended CPE Credit: 1 hour
    ! Important - No Show Reminder ! We understand sometimes you may not be able to come to a meeting at the last minute, but the chapter policy is to bill you for a no show. The chapter has to pay for the meal. If you cancel by the deadline, you will not be charged.

    About our speaker: Please visit Maia's website to learn more about her at www.maiabeatty. com.
    For more information regarding administrative policies such as complaints or refunds, please contact Akron-Canton Chapter 139 CPE Chapter Contact: Pam Johnson at Akron-Canton Chapter 139, 6031 S. Main St., Clinton, OH, 44216, or e-mail pambadg@aol. com or call 330-882-3154.

    Title: Networking
    Learning Objectives & Program Content: Gain knowledge and understanding of techniques to improve networking
    Program Level: Overview
    Program Prerequisites/ Advance Preparation: Interest in Business topics/none
    Instructional Delivery Method: Group Live
    Official National Registry Statement
    ASWA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of accountancy have the final authority on the acceptance of individual courses of CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors: 150 Fourth Avenue, Suite 700 , Nashville , TN , 37219-2417 . Web site: www.nasba.org.

    CMA Review Class

    IMA Akron Chapter
    CMA Review Class News
    Look What's Coming

    The IMA Akron Chapter, through the University of Akron Workforce Development & Continuing Education division, will be offering CMA Review classes. The Tuition is $650 . To register by phone please call (330) 972-7577. To register online please visit the University Continuing Education website at www.uakron.edu/ce/register.php

    The Spring 2009 CMA Review class schedule has just been established. Part 1 Business Analysis (Waiver Exemption for CPAs) began Saturday February 7, 2009 and continue on February 14th, February 21st, and February 28th. Topics covered include: business economics, global business, internal controls, quantitative methods, and financial statement analysis.

    Part 2 Management Accounting and Reporting will begin Saturday April 18, 2009 and continue on April 25th, May 2nd, and May 9th. Topics covered include: budget preparation, cost management, information management, performance measurement, and external financial reporting. The Tuition remains at $650 and the deadline for registration and receive the course material in advance is April 3, 2009. To register please call (330) 972-7577.

    Did you know that Effective January 1, 2009, the exam will be offered according to the following schedule:
    January and February: Parts 1, 2, and 3
    March: No exam parts offered
    April: Part 4 only
    May and June: Parts 1, 2, and 3
    July: No exam parts offered
    August: Part 4 only
    September and October: Parts 1, 2, and 3
    November: No exam parts offered
    December: Part 4 only

    However, the University of Akron Continuing Education division is considering offering the exam on site at the University under a program offered by IMA National. Under this program we can offer you the opportunity to take the exam parts outside of the above schedule. Look for more on this in future newsletters, and hear about it at upcoming chapter meetings.

    For additional information please contact Steve Law, IMA Akron Chapter Director of CMA Education at (330) 666-8395 or stevelawnj@hotmail.com

    Message from Employment Director

    Please contact Roy Howarter if you have a job available or are looking for an employment opportunity.

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

    CFS Opportunities

    We are currently seeking talent for the following roles:

    Senior Internal Auditor, stable manufacturer adding due to growth seeks experienced auditor with 4-6 years, CPA or CIA preferred, SOX exposure, ability to travel up to 40%, competitive salary based on experience.

    Manager of Financial Reporting for a healthcare related organization in Solon, desire degreed CPA with large public accounting and/or corporate experience, solid GAAP and SEC, SOX and process improvement skills, up to $90K.

    Audit Supervisor for a regional firm in Youngstown area, desire degreed CPA or working towards, good mix of industry, solid GAAP/GAAS, previous Yellow Book a plus, salary based on experience.

    Senior Accountant for stable non-profit organization, degreed individual with month end close, general accounting and reconciliation experience, family friendly environment, salary up to $50K.

    Tax Accountant needed for publicly held manufacturer in Akron, this is a stand alone function requiring a well rounded professional to oversee outsourced relationship, must have FAS 109, FIN 48 and transfer pricing, 5-7 year tax experience, salary up to $62K.

    Corporate Treasury Analyst for finance team, looking for degreed individual with 3-5 years of treasury including cash management, forecasting and analysis, and investment analysis, salary up to $60K.

    Senior Accountant, downtown Cleveland, growing environment, will prepare consolidated financial statements, analyze financial results, involvement in many areas of general accounting, preparing tax packages and special projects, salary up to $65K.

    Tamra Emmett, Executive Recruiter tamra.emmett@brunercox.com (330) 237-0104

    Welcome New Members

    Please welcome: Robert Studenic of Cornwell Quality Tools
    David Brashares of National City Bank
    Amanda Baltrucki of Howard Wershbale & Co.
    Amanda Szuhay a student at Brown Mackie College
    Richard Boswell III of JM Smucker Co.
    and
    H. Stephanie Schreiber a student at the University of Akron.

    Local Favorites to Speak at Denver National Conference

    The IMA's 90th Annual Conference & Exposition is set for June 6-10, 2009 at the Sheraton Denver Downtown Hotel in Denver CO. Registration opened in early January at IMA's conference website, www.imaconference.org. Among the improvements coming to the 2009 conference are the following: (1) the event will be held in early June (one week earlier than last year, to avoid conflict with Father's Day), (2) it will conclude 1/2 day earlier (to make the conference more convenient for attendees), and (3) IMA and all exhibitors will showcase full exhibit booths as part of planned improvements to the Solutions Showcase exhibit hall. Attendees will be able to choose from nearly 40 sessions and earn up to 20 CPE credits. Sessions will cover costing methodologies, Enterprise Risk Management, performance management, CMA certification, and on-the-job tips & tools. In addition to a bevy of keynote speakers (including David Walker, former U.S. Comptroller General), the speaker slate will include some local Akron favorites - Bill Jelen (MrExcel.com) and Norbert "Nobby" Lewandowski.

    Please SAVE THE DATE now and include the conference in your 2009 vacation plans.

    The Benefits of Flexible Staffing

    The economic downturn has created a shortage of many things, but staffing challenges aren't one of them. Today's uncertain business environment means accounting and finance managers need to be thoughtful about every personnel decision they make. Hiring the wrong people or hastily cutting staff levels too deeply can jeopardize quality and service levels, leaving clients disappointed when you need them the most.

    One way to ensure that your workforce size remains in line with customer demand is to augment your full- time team with well-chosen interim professionals. Temporary staff can help you address unforeseen workload fluctuations by providing assistance on time- sensitive projects that demand immediate attention. Moreover, adopting a flexible staffing strategy enables you to easily expand or contract personnel levels with minimal disruption as business ebbs and flows. Here are some additional advantages of flexible staffing:

    You'll save money. You'll turn some of your fixed costs into variable expenses by paying only for the human resources you need when they're truly needed, not year-round. You can minimize overtime expenses and lower the high costs associated with hiring, training and keeping employees on board.

    You'll save time. Whether you're hiring for a full-time role or a mission-targeted temporary position, staffing firms can offer valuable assistance. Firms that specialize in accounting and finance staffing are experts on your local market, and they can save you time and resources in your search. Remember that it's not the hourly rate of the assignment that matters most but the overall cost of the project. Businesses can save money in the long run using a first-rate staffing firm because a higher quality candidate will finish the job more quickly and with greater accuracy.

    You'll keep burnout at bay. Most companies today are having to ask staff to do more with less. But if employees are stretched too thin for too long, you'll notice a drop in morale, productivity, innovation and overall work quality. Bringing in temporary professionals to tackle highly specialized assignments or day-to-day responsibilities helps take the burden off your staff, freeing them up to focus on the most pivotal projects. As a result, you'll bolster retention of your core employees - especially important in preparing for when conditions begin to improve and your best people may be tempted by other opportunities.

    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 360 offices worldwide and offers online job search services at www.accountemps.com.

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