News from Akron Chapter IMA Nov-2006
Akron Chapter IMA Newsletter )
The Summit Report November 2006
In this issue
  • President's Message
  • Pre Technical Session “Corporate Fraud – Real World Methods to Protect Company Assets”
  • Technical Session “Entrepreneurship”
  • Pricing for 2006 - 2007
  • 2006 - 2007 CMA Education Program
  • Welcome New Members
  • 2006 - 2007 Meeting Schedule
  • Professional Development Seminars
  • Message from Employment Director
  • Mentoring vs. Coaching: Appreciating the Differences
  • Death of Earl W. Marson
  • Dear Members:

    Please join your fellow members for "Past President's Night" November 15, 2006 at the Tangier Restaurant.

    SAVE TIME AND MONEY!!!
    TRY THE NEW PAY PAL FEATURE!!!


    Shirley Calvin

    President's Message
    Dean

    Dear Fellow Akron Chapter Members,

    On December 9th the chapter will be sponsoring an all day professional development seminar. We are currently registering participants. The cost for the event is $95.00 for the full day and $65.00 for half of the day lunch is included. We are limiting the attendance to 80 people. Last year’s event was wonderful. There were a wide variety of speakers and subjects. The feedback from the participants was very positive. We hope that you will take advantage of the offering by the chapter. There is additional information and a registration sheet attached to the newsletter.

    Another chapter offering is our monthly dinner meetings. Besides having entertaining and engaging speakers with timely subject matters, the networking opportunities are incredible. There have been a number of friendships started at these meetings. You also have an opportunity to discuss with your peers situations you face in your work environment. We have attending members of all ages, backgrounds and experiences. So come to a meeting; there is a very good chance you will meet a future friend, coworker or mentor.

    The November 15th dinner meeting will be our last sit down dinner until February of 2007. This means that the start of the holiday season will be upon us very quickly. It is sad to say but I have already started to see the Christmas displays in the stores. The first of the holidays is Thanksgiving. This is a time to reflect on what we have and to appreciate those things in our lives for which we are truly grateful.

    Sincerely, Dean C. Hull II
    President
    Akron Chapter IMA

    Pre Technical Session “Corporate Fraud – Real World Methods to Protect Company Assets”


    Tangier Restaurant
    November 15, 2006
    5:25 PM (SHARP)
    TIMOTHY HEFTY, CPA, CFE, DABFA
    Senior Manager
    CBIZ/Mayer Hoffman McCann
    “Corporate Fraud – Real World Methods to Protect Company Assets”

    Tim is a senior manager in the Accounting Department of the Akron office of CBIZ/Mayer Hoffman McCann. Prior to joining the firm in 2006, he spent three years as a CFO of a medical equipment distributor and fourteen years in various positions with two local public accounting firms.

    Tim’s representative experience includes the following:

    • Manages accounting service work for closely held entities involved in a variety of industries.
    • Manages audits of corporations and small- to-large closely held entities. Audit experience includes manufacturing, contractors, real estate developers, venture capital firms, retail chains, service firms, mortgage companies, non-profit organizations and equipment sales and leasing.
    • Performs controllership functions for clients, including financial statement analysis, accounting systems integration and implementation of control procedures.
    • Performs various litigation and fraud investigation engagements. These engagements include business valuations, damage claim calculations, and fraud prosecution.

    Tim is a graduate of The University of Akron where he earned his BS degree in Accounting. Tim is a member of the AICPA, the Ohio Society of CPAs, the Association of Certified Fraud Examiners, and the American College of Forensic Examiners.

    Technical Session “Entrepreneurship”

    TODD A. FINKLE, PH.D.
    Director, Fitzgerald Institute for Entrepreneurial Studies
    The University of Akron
    “Entrepreneurship”

    As director of the Fitzgerald Institute for Entrepreneurial Studies at The University of Akron, Dr. Todd A. Finkle sets the strategic plan for the Institute, as well as develops and manages all academic programming. He has played an instrumental role in the development of the university’s entrepreneurship program, which was ranked by Entrepreneur magazine in the top 100 entrepreneurship programs in the country in 2004 and 2005 and in the top 25 regional schools in 2003.

    Finkle is a former runner-up for the most innovative entrepreneurship educator in the country and is the founder of UA’s annual University-wide Business Plan Competition. Numerous businesses have been created out of the competition and the entrepreneurship program.

    Finkle has consulted worldwide with businesses, universities and organizations in the development of their organizations. He has produced more than 100 papers, presentations and grants. His research has been recognized nationally and internationally in the top entrepreneurship journals, such as the Journal of Business Venturing, Entrepreneurship Theory and Practice, Journal of Small Business Management, Psychology and Marketing, and Frontiers of Entrepreneurship Research.

    He is the former owner of two businesses – an entertainment company and an investment partnership. Dr. Finkle is also an Associate Professor of Management and an Intellectual Property Center Fellow at the University of Akron. He received his BS and Ph.D. degrees from the University of Nebraska and an MBA from the University of Wisconsin at Madison.

    Pricing for 2006 - 2007

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

    The Pre-Tech Sessions will remain at $10.00 per session. You can also pre-pay $50.00 for all the sessions and save $20.00

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

    2006 - 2007 CMA Education Program

    Institute Of Management Accountants Akron Chapter CMA Review class is currently meeting on Wesnesday Nights, 5:30 to 8:30 pm at Federal Express Supply Chain Services located at 5455 Darrow Road in Hudson, Ohio. They are reviewing Part 1 - Business Economics. The classroom leader is Jim Heitkamp (CMA, CPA).

    There is no tuition. Participants are responsible for obtaining the study materials.
    Contact Gleim Publications Inc.
    Matthew Cmar
    1-800-874-5346 ext. 135
    $149.77 (Incl. Chapter Member Discount)
    Part 1 Book, Test Prep CD-ROM, Audio, On-line Course

    The Certified Management Accountant (CMA) designation provides corporate management and individual Members with an objective measure of knowledge and competence in the field of management accounting.
    The CMA is an invaluable credential for professional advancement and for broadening professional skills and perspective.

    The Board of Directors has decided to form a Committee to assist in continuing to improve and develop the CMA Review Courses offered by the chapter.
    We are currently looking for volunteers to join Steve Law in continuing this valuable service to our chapter.

    For further information contact: E-mail Steve Law(Home)

    or E-mail Steve Law (Work) or phone (330) 666-8395.

    Welcome New Members

    Laura Wagner joined the Akron Chapter and is a student at Kent State University .

    2006 - 2007 Meeting Schedule

    All Regular Meetings are on the third Wednesday of the Month

  • 10/18/06 Tangier Restaurant
  • 11/15/06 Tangier Restaurant
  • 12/8/06 PD Seminar Sheraton Suites
  • 1/9/06 Joint Luncheon Meeting with ASWA
  • 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
  • Professional Development Seminars

    Akron Chapter Professional Development Seminar - 7 hours CPE 12/8/2006 (Friday) - Sheraton Suites (1989 Front Street, Cuyahoga Falls, 330-929-3000)

    Speakers for this event will include:

    • Kim Palmer, Cohen & Company
    • Bill Jelen, Mr Excel
    • Randy McGill, Raymond James
    • Theresa Mullen, Bruner Cox
    • Karen McQueen, Krugliak, Wilkins, Griffiths, Dougherty Co., LPA
    • Nobby Lewandowski, Lewandowski & Co.

    Registration forms will be available beginning at the October Dinner Meeting or email Shirley Calvin at ima_newsletter@yahoo.com with a return email or address and one will be forwarded

    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

    Mentoring vs. Coaching: Appreciating the Differences

    As a leader in corporate accounting, you’ve no doubt been tapped to provide guidance to staff from time to time. When these opportunities arise, you can support team members in one of two ways: mentoring or coaching. Following is information on understanding the distinctions between these approaches, and knowing when and how to use them.

    What is mentoring? Mentoring focuses on supporting a less-experienced professional by serving as an advisor and sounding board. When working with your protégé on overcoming challenges and uncertainties, your goal is to lend an ear, draw upon your experience and discuss possible solutions.

    A case for mentoring: Dan, a recent college graduate, joined your firm three months ago. Although the promising new hire is clearly talented, he’s expressed trepidation about working with “pushy” supervisors from other departments. Since Dan is just starting out, he’s seeking a trusted resource to help him understand the nuances of cross-departmental collaboration. In a situation like this, it’s advantageous to mentor Dan by providing your informed perspective about office protocol, interpersonal dynamics or an anecdote about diplomacy.

    What is coaching? Coaching is more performance- oriented than mentoring and concentrates on helping a person expand specific skill sets. A coaching arrangement is one in which you help a team member clarify objectives, assess current productivity levels, and set defined goals and timelines for improvement.

    A case for coaching: Donna has been on your team for a few years and is interested in moving up the ladder. However, her inadequate presentation skills have prevented her from receiving a promotion. Instead of offering gentle words of wisdom, you’ll best assist Donna by coaching her on concrete steps she can take to reach her goal. For instance, Donna could improve her communication skills – and increase her odds of garnering a promotion – if she enrolled in a public-speaking course and refined her presentation-software skills. In addition to recommending resources and strategies, you also can serve as a point person when Donna has questions about her progress.

    Different scenarios call for different approaches. But regardless of whether you mentor or coach, these relationships can be mutually enriching. While the person you advise gains invaluable insight and knowledge about management accounting, you further hone motivational skills necessary for elevated leadership positions.

    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.

    Death of Earl W. Marson

    Earl W. Marson died on October 15 at age 82. Earl joined IMA on 5-1-75, was Akron Summit chapter president 1981-82, was employed by the Firestone Tire & Rubber Co. for 32 years, and was also comptroller at Fallsview Psychiatric Hospital; in addition, he taught computer techniques at Kent State University and the University of Akron Accounting departments. He was a World War II veteran, serving in the US Navy on the Battleship USS Massachusetts and in the South Pacific. He is survived by his wife, Alice, and two children.

    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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