http://www.cleveast.imanet.org Tuesday, October 18, 2011 October 2011 5:00PM How to have a successful interview Speaker: Randy J. Samsel , CPA/CMA Randy Samsel is the founder and president of e Search, Inc. Randy has been in the search industry in Northeast Ohio since 1986. In addition to his management responsibilities with e Search, Randy specializes in executive search work for financial, operational and human resource professionals. Through the years, Randy has been successful by identifying talented people who help his clients succeed. His personal mission is to make his clients lives more successful, and less stressful. Randy is also the current president of the Cleveland Society of Human Resource Managers, serves on the board of the Northeast Ohio Wharton Alumni Group and is a member of the John Carroll Entrepreneurs Association. Randy is married, and has a daughter in college and a son in High School. Strategic Career Planning Speakers: Evelyn Hronec, CPA and Trevor Bundy Evelyn P. Hronec, CPA, MSA (Managing Director, Certified Personnel Consultant) – Opening the CFS of Northeastern Ohio Ltd. Office in 1996 after working as a CPA for Bruner-Cox LLP. More than 16 years experience in the financial services industry, holding various managerial positions including Director of Internal Audit. Graduate of The Pennsylvania State University, BSBA in Finance and Masters of Accountancy from The University of Houston. Evelyn holds the Certified Personnel Consultant designation. She is member of the Ohio Society of Public Accountants, the Institute of Internal Auditors, the Institute of Management Accountants and the Society of Human Resource Management. Trevor F. Bundy – More than 11 years experience in the recruiting/staffing industry with a strong background in construction and banking, including both talent acquisition, as well as business development. Trevor is a graduate of Ohio University with a BS in Marketing. Member of Associated Builders and Contractors of Northeast Ohio, Ohio Association of Executive Search Professionals, the Ohio Society of Public Accountants, the Construction Finance Management Association, and the National Association of Credit Managers. 1|Page IN THIS ISSUE COST OF MEETING (1 CPE) & DINNER CURRENT MEETING…………………………......1 MEMBERS & NON-MEMBERS $25 PRESIDENT’S MESSAGE..……………………….3 STUDENTS & FACULTY – Free tonight BOARD OF DIRECTORS…………...……………..4 2010-2011 TECHNICAL MEETINGS……………. 5 Reservations can now be made online: http://www.cleveast.imanet.org PHOTOS FROM AUGUST MEETING…………....6 NEW MEMBERS & ANNIVERSARIES……….....7 IMA MISSION & VISION…………………………7 CMA CERTIFICATION……………………………8 GLEIM CMA REVIEW……………………….……8 GLEIM STUDY TIPS....…………..………………..9 NEWS FROM ACCOUNTEMPS……………….....9 UPCOMING PROFESSIONAL DEVELOPMENT TRAINING…………………………………….……9 Congratulations IMA Cleveland East Chapter! Located at: 700 Beta Drive Mayfield Heights, OH I-271 Wilson Mills exit Dinner Buffet Dinner Salad Rolls & Butter Chefs Choice, two entrée buffet (Chef to determine menu, changing monthly, options will include 2 of the following: Pasta, Beef, Chicken) 2 Sides (1 vegetable & 1 starch) complimenting main entrée options Chef’s Choice Dessert Fountain Soda, Iced Tea, Water Service & Coffee Service cash bar adjacent to the meeting room #1 Chapter in the Warner Division 2010 – 2011 The Committee of Sponsoring Organizations of tut for updating the COSO Internal Control - Integrated Framework survey will remain open until Sep 1, 2011. 2|Page P resident’s message The CMA (Certified Management Accountant) is recognized as the gold standard certification for accountants and financial professionals in business, and demonstrates an individual’s command of critical accounting and financial management skills. It is always exciting to hear of chapter members who have put forth the effort to earn this prestigious certification. This month I would like to take the opportunity to recognize and congratulate our newest CMA, Timothy P. Bold, and wish him continued success throughout his accounting career. Each year, the IMA issues certificates of recognition for those members that have completed twenty-five years of continuous membership. This year I am pleased to recognize chapter member Alicia J. Stima on joining this prestigious group of members. Congratulations Alicia! th Be sure to mark your calendar for our annual Controller’s Conference to be held on Friday, November 18 . This is one of the premier accounting events in Northeast Ohio and I have been told that some great speakers have been lined up this year. Details and registration information will be available soon on our chapter website. I recently finished serving as the Chair for this year’s MEF Grant Committee and it was very exciting to see how actively involved the chapters and councils are in promoting the IMA brand and recruiting new members. I would encourage all of you to get involved in the IMA, whether it is at the chapter, council, or national level. Volunteering for the IMA is a tremendous way of showing your support for the organization, honing your personal and professional skills, offering incredible networking opportunities, and the satisfaction of knowing you are doing good and being involved in your community. th Please plan on joining us for our next technical meeting to held on Tuesday, October 18 starting at 5PM at the Hilton Garden Inn. It has been designated as our annual “Accounting Student Night” event. Last year’s event was an unqualified success, and we are looking forward to another successful one this year. We will be inviting students and professors from area colleges to learn about the IMA and the advantages of becoming a CMA. They will also be able to participate in our regularly scheduled technical meeting; listen to current student members and professional speakers; and to network with IMA members and other fellow students. As I have stated several times, students represent the future of IMA, and I am asking as many of you who can attend to be present and support our student community. Details and registration information can be found in this month’s newsletter and on our website. I look forward to seeing you all there! Carlos Chavez President “Do not follow where the path may lead. Go instead where there is no path and leave a trail.” Harold R. McAlindon 3|Page Copley, Ohio 44321 IMA Cleveland East Chapter 2011 – 2012 Board of Directors President Secretary Treasurer VP – Administration VP - Professional Education VP – Membership Director – Newsletter Director – Community Service/ Scholarships Director – Academic Relations Director - Publicity Chair of Audit Carlos Chavez Robin Schade Enrico Varricchio Sandra Brenner Ernie Brass John Senderak Carol Kuczer [email protected] [email protected] [email protected] (216) 755-5746 Brian Fehribach [email protected] (216) 228-8900 X 272 Vince Pona Gary Grodin Vince Pona [email protected] (440) 974-6343 [email protected] (216) 382-2118 (440) 974-6343 [email protected] [email protected] [email protected] [email protected] [email protected] (330) 723-0559 (216) 228-8900 X 262 (216) 475-8787 (216) 839-7288 (440) 946-1952 Board Meetings are 2nd Tuesdays of the month at 6PM Location: Garick LLC, 13600 Broadway Avenue, Cleveland, OH 44125, Website: www.garick.com Deadline for submitting info for next newsletter: 10/21/11 [email protected] Key Contacts Community Relations Associate – Narnesha O’Neill, [email protected] 10 Paragon Drive, Montvale, NJ 07645-1718, 1-800.638.4427 IMA Website – www.imanet.org 4|Page IMA Cleveland East Technical Meetings 2011 – 2012 Monday Tuesday Aug Sep 22 20 6PM 6PM Tuesday Oct 18 5PM Tuesday Nov 15 6PM Tuesday Jan 17 6PM Tuesday Feb 21 6PM Northfield Park – “Gaming in the State of Ohio and Accounting Issues Update” Economic climate of China - Mark Chapman, Euler Hermes ACI (credit ins) Student Night Event “How to Have a Successful Job Interview” - Randy J. Samsel, CPA/CMA; Founder – e Search “Strategic Career Planning” - Evelyn Hronec, CPA & Trevor Bundy; CFS of Northeast Ohio “Customer Profitability/Pricing Models” – Ashish Goel; Director of Marketing – BASF “Annual Economic Forecast” - Joseph G. Haubrich; Economist & Vice President-Research Department – Federal Reserve Bank of Cleveland “ IFRS Update” - Marybeth Shamrock; KPMG Tuesday Tuesday Tuesday Mar Apr May 20 17 15 6PM 5PM “Ethics Seminar” - Tim Hefty, CPA; Owner – Tim Hefty, CPA Firm Cleveland Hopkins International Airport Tour 6PM Open SEMINARS 2011 - 2012 Friday Thursday Nov Apr 18 26 Controller’s Workshop Friday Apr 27 37 Annual Meonske Professional Development Conference (sponsored by the Ohio Regional Council of the IMA) th 37 Annual Meonske Professional Development Conference Preconference Workshop (sponsored by the Ohio Regional Council of the IMA) th IMA and AICPA Agree on the Value of Management Accountants!! A recent blog by a senior executive at the AICPA was titled "Management Accountants: The People Businesses Need Now More Than Ever". We agree! IMA - THE INSTITUTE OF MANAGEMENT ACCOUNTANTS - is pleased to remain as one of the most respected and largest associations focused exclusively on advancing the science of management accounting globally. The CMA has been the gold standard for certifying competence in management accounting for nearly 40 years, with over 35,000 professionals certified to date. In the past two years the CMA has experienced a record number of candidates and the program is growing exponentially around the globe. (IMA as you may know has offices and staff in Montvale N.J., Zurich, Beijing, Dubai, and coming soon, Cairo! ) The ICMA, the body that manages the entire exam process, believes that the most appropriate way to prove competence in management accounting is to sit for a rigorous, focused exam that addresses the skills and knowledge needed to create and grow great organizations. With its vibrant network of over 200 chapters around the world, IMA is proving and will continue to prove that with agility, service and community, it can raise the bar by further enriching careers, organizations and societies. Thanks! Jeff Thomson 5|P age Monthly Technical Meeting September 20, 2011 The Hilton Garden Inn welcomes IMA members. Robin Schade approves of the choices on the buffet line. Members listen as guest speaker Mark Chapman talks about the economic climate of China. Guest speaker Mark Chapman, Sales Agent at Euler Hermes, listens to a question presented by one of the members. CONGRATULATIONS TO OUR NEWEST CMA TIMOTHY P. BOLD OF STATE INDUSTRIAL PRODUCTS 6|P age Advancing the Profession IMA is dedicated to rebalancing the accountancy profession by educating society regarding the business building role of management accountants and finance professionals working inside organizations. Congratulations On 25 years Alicia J. Stima We proudly honor Certified Management Accountant (CMA®) – The Gold Standard Join a leading group of professionals who have advanced beyond the practical accounting skill set by earning IMA’s prestigious global certification, the Certified Management Accountant (CMA®). Evolve into a strategic business partner committed to a standard of excellence grounded on a strong ethical foundation and a lifelong commitment to learning. Position yourself for career advancement and greater earning power. Gain a significant competitive advantage while demonstrating accounting, finance, information management and strategic planning skills necessary to drive business performance in the changing global economy. Learn more Anniversaries October Years Joseph Levi 47 Bruce Szabo 45 G. Leslie Atkinson 42 Ernest Brass 38 Andrew Budd 36 Joseph Czaplicki 35 Charles Strawbridge 32 Robin Schade 19 Robert Horvath 17 Lisa Marinelli 13 Alina Dvorak 1 Nate Arp 1 Vision Statement Jason Bailey 1 The world's leading association for management accounting and finance professionals. Angela Lovell 1 Derail Murphy 1 Natasha Harris 1 Carla Morris 1 Mission Statement David Holt 1 To provide a dynamic forum for management accounting and finance professionals to develop and advance their careers through certification, research and practice development, education, networking, and the advocacy of the highest ethical and professional practices. Roger Cieslak 1 Marcus Noel 1 Tawana Watson 1 Jennifer Nelson 1 Andrew Zawicki 1 Christine Jones 1 Mary Ticchione 1 7|P age Things to consider about CMA Certification: Salary Personal Satisfaction Findings of IMA’s 20th Annual Salary Survey indicate Prove your ability to become a strategic business partner, that professionals holding IMA’s CMA certification have while you also enhance your self-confidence, your sense of greater earning power – 24% higher in salary and 31% accomplishment, and your resume. higher in total compensation – than their noncertified colleagues. These findings appear in the June 2009 issue of IMA’s Strategic Finance magazine. Competitive Advantage Professional Recognition Businesses around the world rely on CMAs for The CMA designation represents a broad business accounting, finance and information management and competency and mastery of the management-level skills most importantly, for the strategic planning and business required to add value, drive business performance, and solutions provided by these qualified professionals. build quality financial practices within organizations. The Companies such as 3M, Boeing, DaimlerChrysler, program objectively tests and validate expertise in areas DuPont, Hewlett-Packard, IBM, Johnson & Johnson, essential to analyzing, managing and evaluating business Milliken and Procter & Gamble recognize that employing solutions that contribute to the success of an organization. CMAs helps to improve company performance in an The CMA credential indicates a commitment to aggressive global business arena. excellence based on a strong, ethical foundation and dedication to lifelong learning Start on your road to CMA certification now! Cleveland East Chapter Gleim IMA Chapter Partnership Your Cleveland East IMA Chapter has partnered with Gleim to ensure your success on the CMA exam! Working together, we will provide you the necessary study tools to prepare for this difficult exam. As a member of the chapter, you are eligible for significant discounts on any of Gleim's CMA materials, as well as Gleim CPE. To learn more about the program, or to print order forms, visit the Cleveland East Chapter website at www.cleveast.imanet.org/gleim.html. 8|P age Visit the Cleveland East Chapter to read this Visit the Cleveland East Chapter website to read this month’s news from accountemps, “Mistakes month’s CMA study tips news from Gleim. Hiring Managers Make Today”. www.cleveast.imanet.org/partners/ gleimoct2011.pdf Melissa Leonard Chapter Coordinator Gleim Publications, Inc. 4201 NW 95TH Blvd. Gainesville, FL 32606 800.874.5346, Ext 131 Email: [email protected] www.cleveast.imanet.org/partners/ accountempsoct2011.pdf Download your 2012 Salary Guide now! You can also visit our Salary Center to order a free printed copy, review hiring trends or calculate local compensation ranges. www.accountemps.com/2012SalaryGuide Upcoming Professional Development THE LAKE COUNTY DEVELOPMENT COUNCIL PRESENTS THE TWELFTH ANNUAL ECONOMIC FORUM, 2011 Wednesday, October 19, 7:30 to 9:30 a.m. Holiday Inn Express Hotel and Suite Lamalfa 5783 Heisley Road, Mentor Ohio 44060 Registration- $25- Includes buffet Breakfast RSVP to Melissa McArthur at 440 336 4355 Or e-mail at [email protected] Send payment to LCDC, P.O. Box 955, Painesville, Ohio 44077 THIS PROGRAM QUALIFIES FOR (2) HOURS OF CPE’s FOR ACCOUNTANTS Though the IMA Cleveland East Chapter Visit the Cleveland East Chapter website at www.cleveast.imanet.org/events/2011lcdcforum.pdf to learn more. 9|P age