News from Akron Chapter IMA September - 2006
Akron Chapter IMA Newsletter )
The Summit Report September 2006
In this issue
  • Dean Hull's President's Message
  • Pre Technical Session "Performance Management"
  • Technical Session "The False Claims Act - Whistleblower Provisions"
  • Pricing for 2006 - 2007
  • 2006 - 2007 CMA Education Program
  • CFM Certification to be Discontinued
  • 2006 - 2007 Meeting Schedule
  • Professional Development Seminars
  • Message from Employment Director
  • CFS Job Opportunites
  • Bob Adamov book signing at downtown Akron Library
  • First Energy Intern Position
  • Dear Members:

    Please join your fellow members at the kickoff meeting at the Tangier Restaurant, on September 20, 2006.


    Shirley Calvin

    Dean Hull's President's Message
    Dean

    Greetings Fellow Akron Chapter Members,

    I cannot tell you how excited I am about the up coming year. We have an outstanding roster of speakers assembled for our dinner meetings. We will begin the year with Bob Madison and James Bickett. I am sure that you will find them to be entertaining and engaging. I hope to see as many of you as possible at our kickoff meeting. This is going to be a wonderful start to what should be a fun year.

    There have been a few changes implemented since our last meeting. Unfortunately, as much as we try not to do so, the price of dinner has been increased to $25 That was the bad news. I would like to point out some of the more positive changes that have been completed so far. The first is the newsletter format, what do you think? Another would be that we have set-up a secure online payment system through PayPal for prepayment of dinner meetings and other chapter-sponsored events. Another important change has been made to the chapter website. The new address is akron.imanet.org. Although well on its’ way, the site is far from completed. We have a number of ideas and goals for the new and improved site.

    One other change of note has been to “Bosses Night”. Instead of this applying to only one night a year, you are welcome to bring your boss or co- worker to any dinner meeting during the year. We are more than happy to extend to you the 50% discount offered on their meal. Please take advantage of this offer at some point during the year to show your boss or co-worker the benefits the chapter has to offer.

    As you can see, it has been a challenging and busy summer for your board. As always, we are focused on you, our members. I do believe there will be a questionnaire available at the dinner meeting. We are looking for your input on activities to schedule that are more social and or family oriented. I ask that you please take the time to fill out the questionnaire. For those of you who will not be able to attend, feel free to forward on your suggestions.

    Sincerely, Dean C. Hull II
    President
    Akron Chapter IMA

    Pre Technical Session "Performance Management"
    Bob

    Tangier Restaurant
    September 20, 2006
    5:25 PM (SHARP)

    Robert H. Madison, President,
    Madison & Associates
    "Performance Management"


    Bob Madison is President of Madison & Associates, a consulting firm concentrating in enhancing organizational effectiveness and integrating human performance systems with business strategy. Madison & Associates serves clients in manufacturing, service and the not-for-profit sectors. Assignments have included management performance coaching, team development, career transition counseling, working with startup companies, designing and implementing a major organizational cultural change project.

    Prior to establishing his own consulting organization, Bob was Vice President HR for ISK Biosciences Corporation, a major international agricultural and specialty chemicals company headquartered in Mentor, OH. He established the HR department in this company and in two predecessor companies. ISK Biosciences, under Mr. Madison’s direction, was acknowledged for leading-edge human resource innovations including “Ingredients for Excellence”, a model for employee commitment. He also developed a unique investment and profit sharing plan, and a compensation program tailored to profit contribution. Earlier, Bob held a number of key HR management positions with SDS Biotech Corporation, Diamond Shamrock Corporation, and PPG Industries.

    Bob received his BS degree in Industrial Psychology from Purdue University and attended the University of Michigan Human Resources Executive Management Program. He received advanced training in Organizational Development at UCLA. Bob is active in several professional organizations, including the Society for Human Resource Management (SHRM), Human Resource Planning Society, and as a volunteer counselor and Trustee for Hudson Job Search. He is a member of the Personnel Advisory and Appeals Board for the City of Hudson, OH. He was recognized by the Cleveland chapter of SHRM as Outstanding Human Resource Professional of the Year.

    Bob teaches regularly at Lakeland Community College, Kirtland, OH and is very active with the Boy Scouts of America. Bob and his wife Sara reside in Hudson, OH.

    Tonight, Bob will present some “heretical” thoughts about Performance Management. He feels most “performance review” processes do little or no good, in fact are often counterproductive to their intended purpose. He will offer some alternative models that should be more effective for organizations and individual employees.

    Technical Session "The False Claims Act - Whistleblower Provisions"

    JAMES L. BICKETT
    Supervisory Assistant U.S. Attorney
    The U.S. Attorney Office, Northern District
    “The False Claims Act – Whistleblower Provisions”

    James L. Bickett, Esq., has been Supervisory Assistant U.S. Attorney in the U.S. Attorney Office, Northern District, from 1992 to present. He was Assistant U.S. Attorney, Civil Division, from 1990 to present. His areas of specialization include financial litigation, civil fraud, and environmental enforcement. He received a BS (1972) and MS in Tax (1985) from the University of Akron and a JD (1974) from the University of Michigan.

    Mr. Bickett was in private law practice from 1984- 1990 and 1979-1981. He was Chief Counsel, Civil Division, in the Summit County Prosecutor’s Office from 1981-1984. He was also Assistant Law Director, City of Akron, Prosecutor, Police Legal Advisor, and Civil Trial Council from 1975-1979. He received the Inspector General’s Integrity Award, Department of Health and Human Services, in 1993 and 1997. In 1996, he won the Inspector General’s Award and Special Achievement Award. In 2002, he received the EOUSA Director’s Award.

    Tonight, we will learn how the False Claims Act creates liability for businesses dealing with the government. The Whistleblower Provisions of the Act permit disgruntled employees or others to file actions on behalf of the government against their former employer. The whistleblower gets to keep between 15 and 25% of the monies recovered. Additionally, the whistleblower gets attorney’s fees awarded as well. This Act can apply, for example, to misrepresentations on loan applications for loans guaranteed by the United States.

    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 EXAM REVIEW CLASS

    New Session!!

    Wednesday Nights
    5:30 PM – 8:30 PM
    Starting September 13, 2006

    CMA (Reorganized Exam)

    Part 1 – Business Economics
    Classroom Leader: Jim Heitkamp (CMA,CPA)

    Location:

    Federal Express Supply Chain Services
    5455 Darrow Road
    Hudson, OH 44236

    No Tuition!!

    Participants responsible for obtaining study material
    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.

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

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

    CFM Certification to be Discontinued

    On August 31, 2006 the Board of Regents of the Institute of Certified Management Accountants announced that the CFM Certification will be discontinued after December 31, 2007.

    The Institute of Management Accountants will continue to support those with existing CFM Certifications and those currently enrolled in the CFM program will be able to take the exam until December 31, 2007.

    If you are a CFM holder or are currently enrolled in the CFM Program you can visit http://www.imanet.org/certification_news.asp and click on "CFM Announcement"

    2006 - 2007 Meeting Schedule

    All Regular Meetings are on the third Wednesday of the Month

  • 9/20/06 Tangier Restaurant
  • 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)

    Message from Employment Director

    I received the following job listing from an Akron company. They have a history of promoting from within. Apply directly to them or contact me for more information.
    Roy Howarter - Akron IMA Employment Director, 1- 800-321-5583

    FINANCIAL ANALYST CONTRACTORS – SUPPLY CHAIN

    $2.5B manufacturing company located in the Akron/Canton area is in need of two Financial Analysts in their Global Supply Chain Operations area. These are contract positions. The project is expected to run through the end of 2006.

    • Overall responsibility is to provide monitoring, tracking, and reporting of financial estimates and to make recommendations for improvement.
    • Responsible for financial analysis and support pertaining to all supply chain activities and initiatives.
    • Analysis would include total opportunity cost, logistics costs, sourcing decisions, product cost tracking, and demand planning impact on global supply chain.
    • Financially support engineering change and product life cycle management.
    • Responsible for consolidating and analyzing monthly financial forecasts submitted by operations and provide monthly performance reporting.
    • Develops and assists in metrics to measure performance, increase efficiencies and track global supply chain key initiatives.
    • Participates in special / ad-hoc projects.
    • SOX compliance testing
    • 4 year degree in Accounting, Finance or related business degree is required.
    • 5 years experience in finance and financial analysis.

    • Sound a nalytical skills & communication skills, along with strong interpersonal skills are required.
    • Strong Excel skills are required
    • Knowledge of Microsoft Access, and Oracle or Baan ERP systems desirable but not necessary.

    The pay range is in the $30 - $40 area. The company is located in the Akron/Canton area.

    Liz Kehn
    Executive Recruiter
    120 E. Mill Street Suite 420
    Akron , Ohio 44308
    330-253-8080
    l kehn@superiorstaffing.com

    CFS Job Opportunites

    I am currently seeking talent for the following direct hire roles:

    Internal Control Analyst, newly created role for publicly held industry leader, the role will support the corporate finance team with SOX compliance, degreed CPA preferred, 30% travel, salary up to $65K

    Accounting Manager for Warren area corporate office, role will oversee all accounting for corporate business unit, including monthly close, responsible for budgeting and forecasting, centralized fixed asset function, involved in financial analysis, hands-on manager with at least 7 years of related experience, strong GAAP, SOX exposure, SAP a plus, $75K

    Cost Analyst for manufacturer near Twinsburg, must be capable of working towards Plant Controller role within two years, future growth could require relocation, $60K

    Manager of Financial Planning & Analysis, large division of public manufacturer seeks talented financial professional, will support 20+ facilities in both domestic and international locations, responsible for annual plan, monthly tracking of budget/actual and weekly forecasting, salary up to $95K

    Various local and regional accounting firms seeking Tax Talent, if you have recent public accounting experience and prefer to stay in the Akron/Cantonmarket, definitely looking for senior to manager levels, $50K to $75K, depending on experience.

    Treasury/Risk Professional for corporate environment, looking for at least 10 years of solid progression, strong background in treasury, credit/collections and risk management, MBA preferred salary up to $100K

    Plant Accountant for $100 million Akron division of a $2 billion manufacturer, role supports controller in all aspects of operational accounting, capital, and assisting with internal and external financial reporting, SAP a plus, strong cost, salary up to $60K

    For further information on these roles, contact: Tamra Emmett, Search Consultant CFS of Northeastern Ohio, Ltd.

    Bob Adamov book signing at downtown Akron Library

    Past Akron chapter IMA president, former Vice President with NutriScience Technologies of Montrose, and author of four adventure novels (with a Put-in-Bay connection) will do a book signing from 1 to 5 PM at the Akron-Summit County Public Library on Sunday, September 17. Adamov is a seasoned executive with an extensive background in human resources, public relations, investor relations, finance, and crisis management for several major Northeast Ohio companies. His first novel, Rainbow's End, was a finalist as the top fiction novel for the 2003 Great Lakes Book Award competition that was won by the Pulitzer Prize winner, Middlesex. Subsequent novels, Pierce the Veil and When Rainbows Walk, were named as the best novels in Northeast Ohio in 2004 and 2005. All three novels were rated "5 Stars" by the Midwest Book Review. Bob just release a 4th novel, Promised Land, and is working on a 5th book. Bob's first novel is being developed into a screenplay by Hollywood director Dom Sena ("Gone in Sixty Seconds" and "Swordfish"); Bob's protagonist, "Emerson Moore", is being touted as a potential franchise hero like Tom Clancy's "Jack Ryan". In July, Bob was the featured guest author during Ernest Hemingway Days in Key West, FL. Here's an opportunity to see one of most famous members of Akron chapter IMA up close and personal before he goes big time to Hollywood. See you on September 17 at the downtown Akron library.

    First Energy Intern Position

    Finance Group Professional Intern - Summer 2007

    • Company: First Energy
    • Location: Akron, Ohio 44308
    • Status: Full Time Intern
    • Job Category: Accounting/Auditing Relevant Work
    • Experience: Less than One Year
    • Career Level: Student (Undergraduate/Graduate)
    • Education: Some College Coursework Completed

    If you know of any interested students, have them contact John A. Tutak, PE for further information.

    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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