News from Akron Chapter IMA - April 2007
Akron Chapter IMA Newsletter )
The Summit Report April 2007
In this issue
  • President's Message
  • Pre-Technical Session
  • Technical Session
  • Session Pricing
  • CMA Education Program
  • Meeting Schedule
  • 33rd Annual Meonske Conference
  • Message from Employment Director
  • Fun with IMA in Phoenix!
  • Job Candidates Today Have “The Edge”
  • Member Highlights!
  • Dear Members:

    Please join your fellow members for Student Night on April 18, 2007 at Kent State University Student Center.


    Shirley Calvin

    President's Message
    Dean

    Dear Fellow Members: This month’s dinner meeting will be held at Kent State University. We have two more wonderful speakers scheduled for the meeting. The speakers are Marilyn Deisner and Patrick Bianco. There are two other major events coming up in the near future. The first is the 33rd Annual Meonske Professional Conference being held at Kent State on April 26th and 27th. The second is our third annual golf outing to benefit our student chapters. The Meonske conference committee has put together another outstanding roster for this year’s event. Thursday will now be a full day for all of those in attendance. In addition to the ethics class in the afternoon, there will be another session available. Friday’s slate of speakers may be the best group compiled to date. Last year there were over 220 registrants for Thursday and Friday was sold out again. If you are planning on attending get your registrations in early. I hope to see as many of you golfers as possible at this year’s outing. We moved the date back 3 weeks in an attempt to try and get better weather, although you would be hard pressed to beat the day we had last year. We will again be playing at the Kent State golf course on May 19th in the morning. If you don’t golf, please tell your friends that do golf. If you want to help you could volunteer, donate money or a gift(s) for the event. It is our volunteers and sponsors that truly make this event successful. We are still looking for a few more members to join the 2007-08 board. If you have an interest in becoming a board member please contact Diana Saulino. Also if you have any topics you would like to see scheduled for the up coming year please let Doreen know. The 2007-08 planning meeting will be held in early June.

    Sincerely, Dean C. Hull II
    President
    Akron Chapter IMA

    Pre-Technical Session
    Pat


    KSU Student Center
    April 18, 2007
    5:25 PM
    Patrick T. Bianco
    Manager of Business Services Department
    CBIZ, Inc.


    “Internal Auditors: Counted on to Do The Right Thing”

    Patrick Bianco is a Manager of the Business Services Department at CBIZ, Inc. in Cleveland, with over 20 years of internal audit management and controllership experience in commercial services, banking, retail, real estate and manufacturing. Pat specializes in Internal Audit and Sarbanes-Oxley implementation, risk and control analysis, and process improvements, along with co-sourced CFO and controllership projects. He has led numerous nationwide Sarbanes- Oxley and internal audit projects for large public corporations and for CBIZ Corporate Internal Audit, covering CBIZ Financial Services, CBIZ Employee Services, and CBIZ National Practices business units.

    Before joining CBIZ, Pat started his accounting career holding various management positions with the Sherwin-Williams Company, ultimately serving as Internal Audit manager. Pat was Corporate Internal Audit Manager for FirstMerit Bank in Akron, OH, and initiated First USA Bank’s (JPMorganChase) internal audit department in Wilmington, DE during a management buyout. Pat has served as CFO and Controller for a Cleveland-based real estate investment management company.

    In addition, Pat has helped various privately held businesses with outsourced CFO and controller assignments, financial systems development, and business analysis. He has extensive experience in corporate recoveries including crisis management for troubled businesses, turnarounds, and workouts.

    Pat has a BS degree in Accountancy (cum laude) from Rutgers University. He is a member of the Institute of Internal Auditors, the IMA, the Association for Financial Professionals, Toastmasters, the Christian Businessmen’s Committee, and serves on the Board of The Hunger Network of Greater Cleveland.

    Technical Session
    Larry

    MARILYN S. DEISNER
    Controller/Finance Manager, Technical & Industrial Products AMETEK






    “Proper Costing in a Manufacturing Environment”

    Marilyn Deisner is the Controller/Finance Manager at AMETEK – Technical & Industrial Products. She’s been with AMETEK since January 2006 and is responsible for the credit and accounts receivable functions, division financials, and Controller of the New York manufacturing plant.

    Formerly, Marilyn was Division Manager of Financial Analysis for Saint-Gobain Performance Plastics. At Saint-Gobain, she had also been the Aerospace Business Unit Controller, a Site Controller, Senior Financial Analyst and Accounting Systems Analyst.

    Her prior professional experience included positions as inventory planner, budget analyst, and internal auditor at Alside, Inc., a manufacturer of exterior building products.

    Marilyn has an Executive MBA from Kent State University and a BSA in Accounting from the University of Akron. She is married with a two-year old son, Nate. She also has a dog and a cat, and her hobbies include running, cooking and home décor.

    Session Pricing

    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.

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

    CMA Education Program

    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.

    Gleim is offering a discounted rate for CMA/CFM review materials to IMA members. The member order form can be accessed at http://akron.imanet.org/CMA/Gleim.pdf.

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

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

    Meeting Schedule

    All Regular Meetings are on the third Wednesday of the Month

  • 4/18/07 KSU Student Center
  • 5/16/07 Tangier Restaurant
  • 33rd Annual Meonske Conference


    IMA Ohio Council, Kent State University
    33rd Annual Meonske Professional Development Conference

    Thursday, April 26, 2007 Preconference Workshop
    Morning Session (8:30 AM – 12:15 PM):
    MS Excel – Intermediate and Advanced and Excel 2007

    • Learn how to use Excel to chart and organize data and use various different formulas and functions – calculations, V-lookups, 3-dimensional cell references & calculations, charting & graphics
    • Advanced capabilities of Excel, including data mining, organizing data, working with pivot tables
    • Speaker – Bill Jelen, “Mr. Excel”

    Afternoon Session (1:15 – 4:15 PM):

    • Ohio Professional Standards and Ethics, including Ethical Dilemmas (3 hours)
      Speaker – Dr. Norman R. Meonske, KSU

    Friday, April 27, 2007, Conference
    Morning Session (8:00 AM – 12:00 Noon)

    • Cecil Jackson, USC Professor of Clinical Accounting and author of “Business Fairy Tales:Grim Realities of Fictitious Financial Reporting”

    Financial Reporting Panel
    • Susan Goetz Markel, Chief Accountant, SEC’s Division of Enforcement

    • Joseph D. McGrath, Professional Accounting Fellow, SEC’s Office of the Chief Accountant

    • Edward W. Trott, Board Member, FASB

    Keynote Luncheon Speaker (1:00 PM)

    • Anthony Alexander, President & CEO, FirstEnergy Corp.

    Afternoon Session (2:30 – 4:35 PM)
    Internal Controls Under SOX Section 404

    • Jeff Thomson, Vice President of Research and Applications Development, IMA
    • Panel Discussion

    SAVE THE DATES – April 26th and April 27th (Yellow flyers coming in March)

    Message from Employment Director

    Please contact Roy Howarter if you have a job available or are looking for an employment opportunity. New ! - Credit and Collections opportunity

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

    Fun with IMA in Phoenix!

    Looking for a great way to combine management accounting and fun this summer? Start planning (and saving) and arranging your vacation time now to attend the IMA’s 88th Annual Conference & Exposition at the JW Marriott Desert Ridge resort in the spectacular Sonoran Desert near Phoenix, AZ from June 16-20. In addition to exploring the beauty of a desert resort (including playing in the Sunday morning IMA/MEF Golf Classic at the Faldo Championship course), you can earn up to 30.5 CPE credits plus five pre-conference sessions. Here are some of the particulars:

    Early registration discount. Register by April 6, as rates go up $100 after that date. Member rate for the full Conference package is $945 (includes all Conference sessions Sunday through Wednesday, access to the Solution Showcase exhibit hall and networking reception, 3 Conference breakfasts, 3 lunches (including a Brown Bag discussion group with 70 to 80 possible topics), and the Annual Dinner and After Party). If your non-accountant spouse/friend would like to accompany you but enjoy Phoenix on their own during the day, their only IMA cost is $75 for an exhibit hall guest pass and/or $95 for an Annual Reception & Dinner guest ticket.

    Daily CPE sessions end by 5:15 PM, giving you plenty of time to enjoy the Arizona nightlife.Attire for the Conference sessions is business casual (slacks, polo shirts, sweaters, blazers, blouses, and comfortable shoes). The IMA Annual Dinner on Wednesday evening is formal attire optional.

    To ensure proper CPE credit, attendees will scan in and out of each session, covering twelve keynote sessions, 25 concurrent sessions, seven general sessions, five concurrent tracks, and –new this year – a learning track panel discussion to facilitate dialogue between attendees and experts. Featured speakers include FASB Chairman Robert Herz, former IMA Chair and Controller of the State of Nevada Kim Wallin, and our own Ron Riebe, VP of KeyBank.

    Lodging at the Marriott is at a special conference rate of $149/night. The resort features wildflower gardens, swimming pools, lakes, waterways, and golf course or mountain views.

    Register soon for a fabulous time in June. For more information, contact Susan Bender .

    Job Candidates Today Have “The Edge”

    If you’re planning to augment your staff soon, a big question will be who has more leverage in the current job market- employers or job seekers? Based on a new survey, it appears the tide is turning in the favor of candidates.

    The Employment Dynamics and Growth Expectations (EDGE) Report from Robert Half International and CareerBuilder.com suggests that the hiring environment has changed. While employers were in the driver’s seat earlier in the decade, the pendulum has now shifted back to job seekers. The study annually explores employment, hiring and compensation trends from the perspective of both hiring managers and employees in an effort to gauge who has the advantage in the job market.

    Companies are currently confronting the dual challenge of impending baby boomer retirements along with a shortage of workers to replace them. Hiring managers are having more difficulty finding skilled applicants and are increasing starting salaries and offering bonuses to attract these individuals, when it is possible. As a result, talented job seekers with in-demand skills are finding more opportunities to choose from and have more leverage when negotiating compensation packages. Following is a closer look at some of the survey findings:

    • Fifty-two percent of hiring managers said finding qualified workers was their primary challenge; 21 percent said the top challenge was the inability to offer competitive compensation.
    • Four out of five hiring managers said they believe it is equally or more challenging to recruit new candidates compared to 12 months ago, and more than 80 percent expect the trend to continue over the next year.
    • Of the 1,000 hiring managers polled, 38 percent expect compensation offers to rise in the next year. Another 54 percent expect no change, and only 8 percent expect a decrease.
    • Hiring managers consider staff-level positions the most difficult to fill.

    While salaries are on the rise at many firms, money is not everything to prospective employees. Forty-five percent of workers surveyed view health insurance as the most important benefit, while 24 percent cited flexible work hours. If you are working with tight salary budgets, you can still compete for top accounting talent by heralding other benefits you provide. Excellent health coverage and perks such as telecommuting options, training opportunities and employer-matched retirement-savings plans can add significant appeal to job offers.

    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.

    Member Highlights!

    While reading through the January 15-19, 2007 Ohio Society of CPAs e-Weekly Bulletin, I noticed that several Akron chapter IMA members were past winners of the Outstanding Ohio Accounting Educator Award: Thomas Calderon (2006 - University of Akron), Michael Pearson (1999 - Kent State University), Ray Stephens (1995 - then Kent State University, now Ohio University), and Orville "Bud" Keister (1988 - University of Akron). Congratulations Thomas, Mike, Ray and Bud! Ken Bechtol

    Exciting New PayPal 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 PayPal 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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