MICHIGAN COUNCIL NEWSLETTER - Spring 2017

 

March 28, 2017 , Volume 9, Issue No. 2

From the Editor

This web-based newsletter serves as notice of our quarterly board meetings and communicates news of Council activities to our board and chapters. News items are shown with headlines and a short intro, linked to the full article on our Michigan Council web pages. News occurring between quarterly newsletter issues will be posted on our Council website, so please check there regularly, too.

Our newsletter mailing list includes all the current council board, active past council presidents, chapter delegates, chapter presidents. and others who would like to receive this communication. We encourage you to let us know what you think. Please contact webmaster@imamichigan.org .

Joe Nycum

Michigan Council News

Please follow the links below to read each article in full.

President's Message:  Chuck Phillips, CMA, Council President 2016-2017

2016-2017 Council President, Chuck Phillips, CMA

It is hard to believe that the 2016-2017 IMA year is coming to a close.     My hope is that you are planning on being more active on either the chapter or council level.  We need your help!    

It has been an honor to be President of the IMA Michigan Council.  The board is comprised of great people and great friends.  It has also been an exceptional year that included our best Fall Conference yet along with having the IMA Global Student Leadership Conference held close to home in Detroit.   

Now I am looking forward to the new IMA year.  The upcoming year will be IMA’s 98th anniversary and two years from now IMA’s 100th anniversary.  As members, we can be proud of being participants in the century of service that the IMA has provided to our profession.

Planning has begun for our 16th Annual Fall Conference which will be held at the Kellogg Center in East Lansing, MI. Please plan on attending this year’s fall conference on Monday, October 23, 2017.     

Thank you,

Chuck

Charles (Chuck) Phillips, CMA

President of IMA Michigan Council  2016-2017

Please feel free to call or email me.

Phone: 313-549-8729

email: chuck.phillips@imadetroit.org.  

Read current and past president messages

 

Learning Opportunities at the 8th Annual IMA Michiana Student Conference

More than 30 students attended the 8th Annual IMA Michiana Student Conference on March 17, 2017. Guest Speakers and topics included: John Engel, MNA "Leading Across Generations"; Penny Weller, PhD, CMA "Customer Experience-Service Design-Design Thinking"; Ken Milani PhD "Athletics and Accounting: A Multifaceted Managerial "Marriage""; and Ibrahim Chaaban, MCS "Your Digital Footprint...What you need to Know?"

View the conference thank you note & photos!

Hospitality Suite at the 2016 IMA Student Leadership Conference

 

Students meet in the Hospitality Suite while at the IMA Student Leadership Conference in Detroit, MI. The suite was a great place for students to meet and share their impressions of the Conference.

 

 

EMU Students at the 2016 IMA Student Leadership Conference

EMU Accounting Faculty Advisor, Jens Stephan, reported that over a dozen EMU Students attended the Annual IMA Student Leadership Conference in Detroit, Michigan on Nov. 10-12.

Students met with employers to learn about internship opportunities and attend educational sessions on topics like "Finding the Right Career in Business" and "Qualities of Great Leaders". The conference also provided an opportunity for students to meet and interact with students from other universities. Click on the following link to view reports written by Eneida Ziraj. Joeun Lee, Kristen Wolfe, and Michael Bisbikis.

Click here to read reports and view pictures!

 

5 Michigan Colleges have Attained IMA Academic Endorsement

On March 29, 2016 Walsh College was notified that the Bachelor of Accountancy, concentration in Corporate Control and Analysis program at the Walsh College of Accountancy and Business Administration has been approved for endorsement in IMA's High Education Endorsement Program.Walsh College is the 5th Michigan College to earn this prestigious endorsement from the IMA. Michigan State University, Central Michigan University, Cleary University, and Grand Valley State University have earned the IMA's High Education Endorsement too.

In order to receive the IMA Academic Endorsement, the IMA seeks to ensure that:

  • Substantially (75%) of the learning aims of the CMA program are met at the appropriate cognitive level.
  • There are adequate faculty resources to deliver the program.
  • The program is accredited by a recognized accreditation organization (e.g., AACSB, ACBSP, IACBE, EQUIS, or other international or regional accrediting body.
  • The school has an IMA Campus Advocate.

Click here to read more more about the IMA Academic Endorsement.

The 15th Annual IMA Michigan Council's Fall Conference

The IMA Michigan Council's 15th Annual Fall Conference was held on Monday, October 31, 2016 at the Kellogg Conference Center on the Campus of Michigan State University.  Doug Hicks served as Master of Ceremonies. Conference Speakers presented on on Economics, Ethics, Lease Accounting, Revenue Recognition, and Sustainable Accounting & The Future Role of Accountants in Green Accounting. The 16th Annual Fall Conference is scheduled for Monday, October 23, 2017. Please contact Chuck Phillips via email if your business is interested in sponsoring the conference or if you have suggestions for topics. Please block out this date on your calender and plan to join us for another great conference next year. Conference Page.

Register for Upcoming CMA Review Courses

Take the next step toward becoming a Certified Management Accountant (CMA). Cleary University offers both classroom and on-line review courses.  Cleary University is the only institution in Michigan to offer the Certified Management Accountant Learning System, developed by the Institute of Management Accountants.

Check the Cleary University website for more information on registering for CMA Review Courses. [READ MORE AT http://www.cleary.edu/cma]

 

Chapter News

Please follow the links below to read each article in full.

Ann Arbor Chapter News

The Ann Arbor Chapter's next meeting will be on Thursday, April 20, 2017. Robert Kein will present on "Cost Accounting" and Doug Hicks on "Moving Managerial Accounting from Theory to Reality". The May meeting is scheduled for Thursday, May 18, 2017. The topic and guest speaker will be posted on the website in the near future. All meetings are held at the Carlyle's Grill in Ann Arbor, MI.

Check the Chapter's website for current news, events, and upcoming meeting dates.

Visit the Ann Arbor Chapter site at http://www.imamichigan.org/annarbor .

Detroit Chapter News

The Detroit Chapter's 11th Annual Spring Management Accounting Conference was held on Thursday, March 16, 2017 at Laurel Manor. Upcoming meeting dates, topics and guest speakers will be communicated in the near future.

Check the Chapter's website for current news, events and other upcoming meetings.

Visit the Detroit Chapter site at http://www.imamichigan.org/detroit

Michiana Chapter News

The Michiana Chapter's next meeting will be held on Tuesday, April 18, 2017. Sheryl Decker of Creative Financial Staffing will present an "Economic Outlook". The following month's meeting will be be the "Annual Ethics Seminar" Tuesday, May 16, 2017. Chapter meetings are held at Villa Macri Restaurant in Mishawaka, IN.

Check the Chapter's website for current news, events and other upcoming meetings.

http://www.imamichigan.org/michiana

Grand Rapids Chapter News

The Chapter's upcoming meetings are being planned and will be posted on the events page of the website in the near future. All Chapter meetings are held at Thousand Oaks Golf Course Acorn Grill.

Check the Chapter's website for current news, events and upcoming meetings.

Visit the Grand Rapids Chapter Site at http://www.imamichigan.org/grandrapids

Kalamazoo Chapter News

The Chapter's next meeting will be held on Tuesday, April 18, 2017. The speaker and topic will be posted on the website in the near future. All Chapter meetings are held at The Beacon Club in Kalamazoo, MI.

Check the Chapter's website for current news, events and upcoming meeting dates. 

Visit the Kalamazoo Chapter Site at http://www.imamichigan.org/kalamazoo

Lansing-Jackson Chapter News

The Chapter's next meeting is scheduled for Thursday, April 20, 2017. Randy Emmons, BDO will present on "R&D Tax Credits". Watch the Chapter's website for more details on topics and speakers for future monthly meetings.

Check the Chapter's website for current news, events and upcoming meeting dates. 

Visit the Lansing-Jackson Chapter Site at http://www.imamichigan.org/lansing-jackson

Saginaw Valley Chapter News

The Chapter's next meeting will be held on Wednesday, April 19, 2017. Julie A. Goldman, MBA, CMA and Adjunct Faculty at Delta College will present an "Ethics Case Study". This meeting will also include the Chapter's "Awards Night" too.

Check the Chapter's website for current news, events and upcoming meeting dates. 

Visit the Saginaw Valley Chapter site at http://www.imamichigan.org/saginawvalley

Upper Peninsula Chapter News

All Chapter meetings have concluded for 2016-2017 program year . Future meeting dates and topics TBD.

Check the Chapter's website for current news, events and upcoming meeting dates. 

Visit the Upper Peninsula Chapter Site at http://www.imamichigan.org/upperpeninsula

 

Featured Articles and Webinars

Please follow the links below to read each article in full.

Pass it Along

By Marc P. Palker, CMA

"On the second day of my first job, my supervisor called me into his office and shared some advice that he said would prove valuable throughout my career. To every person you see for the first time before noon, say "Good Morning". To every person you see at the end of the day on your way out, say "Good Night". When you ask someone for something, say "Please", and when they deliver say "Thank You". Thanks to that gift from my very first boss, I've heeded those words of wisdom throughout my long career."

Read more.

Accountants and Tech: A Game Changer

By Joshua G. Coyne, Emily M. Coyne, and Kenton B. Walker

"To no one's surprise, dramatic increases in technological innovation and investment have continued to occur in recent years as organizations create and collect data. ...Two major roadblocks exist to realizing the benefits from new data sources. First, cooperation between information systems/technology specialists and accountants to develop information systems has diminished in recent years. Second, there's an absence of expertise in data analytics among accountants even though they possess the broadest knowledge of business activities..." Read more.

The Quest for Privacy

By William M. Baker, CMA; Kevin L. Kemerer, CMA, CFM; and Kay Poston

"Modern businesses can't operate and thrive without robust data and information. Buzzwords such as "Big Data" and "Data Analytics" draw attention to these necessities, as well they should. Naturally as caretakers of data and information, management accountants are closely involved with data operations. They're certainly responsible for helping make data secure, but, given the importance of confidentiality in the IMA Statement of Ethical Professional Practice and the media attention paid to breaches in privacy, management accountants must also focus on safeguarding the privacy of data and information."

Read more.

 

Continuing Education Webinars

Take time to check the IMA Global website to see what webinar topics are scheduled each month.  There are two webinar series:  The Inside Talk webinar series explores relevant topics from your profession and delivers timely information to broaden your knowledge and improve your performance.  The Leadership Academy series focuses on building the future of the accounting and finance profession by empowering its members and creating the profession's future leaders.

Read more and/or Register

Visit the IMA Career Center

This area of the IMA Global website helps connect members with new employment opportunities.  Job seekers can post resumes and set up email alerts.  Employers can post jobs and view IMA member resumes.

Read more and/or Create an Account

 

 

Copyright 2017 Michigan Regional Council of The Institute of Management Accountants (IMA)