The F.A.N. Finance & Accounting News You Can Use November 2014 Volume XI, Issue MMXIV Global Board Meeting Member Roster The IMA Global Board of Directors meets 3 times each year (February, June and October). The February 2015 meeting will be at the Dallas Marriott Las Colinas, Irving. Board Committees will meet on Friday, February 20th and will be followed by the Board Meeting on Saturday, February 21st. Members are welcome to attend the Board Meeting Dallas Fort Worth Area Chapter members can benefit from networking with other members of the chapter. To connect with other chapter members or find chapter members who work at companies of interest, go to www.imanet.org, login with your member ID and IMA password, click on Groups and Networking, then click on LinkUp IMA, select Communities then My Communities, select Dallas Fort Worth Area Chapter (only available to chapter members), select Enter. You can also click on Members at the top of the page to search the data base by first name, last name and/or company. Ben Mulling, IMA Global Chair Elect, will speak at the Dallas Fort Worth Area Chapter’s February 19th Dinner Meeting, which will also be at the Dallas Marriott Las Colinas. Global Board Meeting The next Networking Happy Hour will be November 13th at the Ranch. For more information or to register, go to http://www.dallasima.com/events.htm Fraud Hotline Upcoming Meetings Webinars Member Profile— Joshua Welborn Preying on Lonely Hearts is Big Business You would think that the fraudsters would leave the lovelorn alone….NOT SO!!!! The myriad of online dating services have attracted the despicable criminals to the vulnerabilities of those seeking companionship and maybe marriage. A brief web search will show that the FBI, FTC, Secret Service, U.S. Army plus agencies in the Canadian, Australian and U.K. governments have all issued warnings about the dangers of these scams. Some fraudsters are getting seriously rich with these schemes. Media reports show victims in just four countries have recently lost more than US$190 million. Mr. Tim Harvey, CFE, JP, is director of the ACFE’s UK Operations and has written an outstanding article on this subject in the November/December 2014 issue of the Fraud Magazine, from which I am excerpting for this fraud hotline entry. I strongly urge you to read the entire article which can be found online at Fraud-Magazine.com. For purposes of this writing I can only provide you with the following: 1) Never, ever send money to someone you haven’t met. 2) Take a reality check. If you’re supposedly communicating with a gorgeous 20-something who sends photos that look like a supermodel, ask yourself: Why does he or she need to be on a dating site and why is he or she communicating with me? 3) Ask lots of questions and verify the answers. Look for contradictions. Remember, you might be dealing with several members of the same organized gang posing as your wife or husband to be. 4) Look for examples of language contained in the Action Fraud Guide to spot red flags: http://tinyurl.com/ k4eb2cb. 5) Don’t give any personally identifiable information to any person online that you haven’t met. If you do, prepare to spend months or years reclaiming your identity. 6) Don’t trust what appears to be a local address. It can be diverted to anywhere in the world. 7) Don’t let anyone use your bank account to deposit or transfer money. They might be using it for money laundering. 8) Don’t share compromising photos. Fraudsters can use them to force you to continue sending money (a little matter of extortion). 9) Keep a record of correspondence. 10) Report any suspicions to the dating website. They can check profiles. You might laugh after reading these tips and say that could never happen to me….and I would hope that is true. However, you need to make your children, relatives, friends, professional colleagues and others aware of these tips. This is a growing business and will get only worse as these online dating services proliferate. So BEWARE!!!! Donald R. Burg, CPA, CMA, CFE, CGMA, CEBS Member, Dallas Fort Worth Area Chapter of the IMA The Dallas Fort Worth Area Chapter of IMA has developed a Sponsorship Program, where firms can promote themselves to our members, guests and many others in a variety of ways (your logo on the Home Page of our website with a link to your website, your logo in our monthly newsletter, recognition at our monthly meetings, etc). Go to http://www.dallasima.com/pages/Chapter_Sponsorship%20Form.pdf for more information on the program, including the various levels of sponsorship. Also, please go to the Home Page of our website at http://www.dallasima.com to see where your logo will be prominently displayed to our members, guests and many others who visit the site. To see IMA’s Global Membership Profile, go to http:// www.dallasima.com/images/membership_profile.jpg. and finance professionals. Please contact Jim Clemons ([email protected]) if you have any questions, or need additional information. Free NASBA and TSBPA Approved High Quality CPE Webinars Available for IMA Members The Dallas Fort Worth Area Chapter is one of IMA’s (Institute of Management Accountants) most active and recognized chapters, with over 900 members. We have monthly meetings (CPE credits), high quality speakers, networking sessions, college faculty and student initiatives, CMA (Certified Management Accountant) exam preparation courses and more. We would welcome the opportunity to partner with your firm, and help you promote it to Dallas Fort Worth accounting and finance professionals. Take advantage of IMA's Free (to IMA Members) High Quality CPE (NASBA and TSBPA Approved) Inside Talk and Leadership Academy Webinars and Internal Control Series Webinars Inside Talk - Register at http://www.imanet.org/programs_events/ webinars.aspx November 12, 2014 (12:00 N) - Capitalize on Cloud, Analytics, Mobility and Social Business to Accelerate Corporate Performance (1.0 CPE) November 18, 2014 (12:00 N) - The Conceptual Framework for Managerial Costing (1.0 CPE) Leadership Academy - Register at http://www.imanet.org/ programs_events/leadership_academy_webinars.aspx November 20, 2014 (12:00 N) - Better You, Better Leader (1.5 CPE) Internal Control Series - Register at http://www.imanet.org/ programs_events/internal_control_series.aspx Check the link above www.mamrecruiting.com http://cmaprepcourse.com/ Member Profile – Joshua Welborn, President, Texas Woman’s University (TWU) Student Chapter Josh is the recently elected President for the IMA Student Chapter at Texas Woman’s University. Josh earned his MBA in 2012, and is completing his post baccalaureate certification in accounting with plans to sit for the CMA test late next year. A former traffic anchor for Clear Channel Radio, Josh is now focusing his efforts on finishing school, and working as a freelance voiceover talent. “Over the past year, I have had the privilege to meet and work alongside several IMA members within the TWU chapter. Everyone I have encountered is genuine, smart, and committed to furthering the goals of the organization. My personal experiences in the IMA has led to excellent networking opportunities, exposure to professional speakers, and valuable discounts in business cards, headshots, attire, and magazine subscriptions”. Josh’s hobbies include: Guitar playing, kayaking, audio/video production, and fishing. “It is an honor to have the opportunity to continue the good work of our former board members. We wish them great success as they begin their new journey. Working alongside each other, the IMA team here at TWU will work to further the organization’s tradition of excellence.” Dallas Fort Worth Area IMA Chapter Angel Tree Community Service Project The Dallas Fort Worth IMA Chapter in partnership with the North Texas Salvation Army will provide volunteers at selected Angel Tree locations to assist in providing over 50,000 individuals and families with a brighter Christmas. Event Description: Volunteers assist donors by explaining the Angel Tree program. Help donors choose Angel Tags and recording adoptions. Receive and record gift returns. Volunteers move donated gifts to storage locations. Record statistical information. Where-When-Time Slots: Dallas Galleria Mall – November 22, 2014 9:45 AM- 12:00 PM 11:45 AM-3:00 PM Golden Triangle Mall – November 22 and December 6, 2014 9:45 AM- 12:00 PM 11:45 AM-3:00 PM Signup: Sign up details will be emailed. Member Profile Updates Please keep your contact information up to date so that you can continue to receive communications from the Dallas Fort Worth Area Chapter or IMA. To update your information, either contact IMA Customer Service at 800-638-4427 or go online to your profile at http:// www.imaonlinestore. com/ PersonifyEbusiness/ Default.aspx? TabId=61 (user ID and password are required). If you would like to change your membership into the Dallas Fort Worth Area Chapter or to another chapter, contact IMA. New Members, Transfers and New CMAs Welcome New Members Sonia Agrawal, Student Sajjad Ali, Pulse Supply Chain Solution, Inc Jesus Nishi Edosa Benjamin Obaseki, Student Ali L Odom Burak Al-Kassem, Student Robin Padilla Jr, Student Jenny Zhang Bauer Stephanie Rasmussen, University of Texas at Arlington Vincy Huixia Zhang Coonrod, Gollob Morgan Peddy PC Heather Corder, Student Amy Marie Del Prado Ralph Fernando Ferguson, Student Molly R Francis, Student Renato Z Ganoza, Student Ronna Garcia, Geoforce, Inc Robert Tyler Harrison Matthew Krueger, Student Yafang Liu, Student Ziyan Liu, Student Gina L Lucin, Student Yao L Malou, Student Brianna J Mitchell, Student James Palmer Neill III Ngoc Van Nguyen, Student Dharshana Ratnayake, Student Mariah Kaci Ritter, Student Andrew Schultz, Student Leah Mae Walker, Student Timothy Wayne Williams, Mages Group LLC Welcome Transfers from Other Chapters None this month Congratulations to our New CMAs None this month Gleim CMA Review Materials (discounted materials for self study) Gleim provides an extensive selfstudy course for the CMA exam. As a member of the Dallas Fort Worth Area Chapter, you are eligible for significant discounts (from 20 -32%) on any of Gleim's CMA materials, as well as Gleim's online CPE. To take advantage of the reduced prices, please contact our chapter representative Melissa Leonard, (800) 874-5346 Ext. 131 or Texas Regional Council The next Texas Regional Council meeting will be a teleconference on January 24th. The Council will meet again on April 25th in the Dallas Fort Worth Area. The Council is comprised of the 5 Texas IMA Chapters – Austin Area, Dallas Fort Worth Area, El Paso, Houston and San Antonio. For more information, go to http:// www.imatexascouncil.com/. The Council will hold its 6th Texas Annual Conference “Accelerate Your Career” April 23-24 in Dallas Fort Worth. Bill Jelen “Mr Excel’ will lead a 4 hour pre-conference session “Power Excel” on the 23rd. An additional 8 CPEs will be offered on the 24th, featuring the following sessions - Advanced Data Analysis, Emotional Intelligence for Finance Professionals, Big Data Action Plan for CFOs, Enterprise Cost Reduction: Transforming the Cost Structure for Sustained Benefits, and Choices: Ethical Leadership – A Values based approach (meets the 2 hour annual ethics requirements for CMAs). For more information on the conference, go to http://imatexasconference.com/ index.html. [email protected]. November 13th - Networking Happy Hour November 20th Dinner Meeting - Corporate Privacy – What are the boundaries by Michael Porier, CISA, ABCP, CISSP, CISM (Managing Director, Protiviti) and An Yu, PMP, CRISC, PCIQSA (Director IT Consulting, Security & Privacy Management, Protiviti) and Life Cycle of a Fraud by Randall Brown, CIA, CFE, CCEP, CHC (Principal - IntegAssure Resources, LLC) December 18th Dinner Meeting - CMA Ethics – A Case Study by Ronald P. Fory, CMA, CPA, CFE, & CFM (Lecturer – UNT Dallas) January 8th - Networking Happy Hour January 15th Dinner Meeting - Start-ups by TBD and Role of the CFO by Renée Hornbaker, CPA (Chief Financial Officer, Stream Energy) Board Members - Officers and Directors President Jim Clemons President-Elect Christina Romero Secretary Stephanie Carpenter Treasurer Erica Tang Administration Team Lead Christina Romero Director, Meeting Arrangements Ziad Aldahhan Chair Ron Schmidt Director, Member Attendance Darya Bechtel Member Stephanie Carpenter Communications & Public Relations Team Lead Jimmie Smith Member Jim Clemons Professional Education Team Lead Nikki Thirasant-Meyer Member MaryValerie Reeves Director, Academic Relations Adrien Dubourg Member Nikki Thirasant-Meyer Director, CMA Certification Ron Schmidt Member Jimmie Smith Director, CPA CPE Compliance MaryValerie Reeves Membership & Marketing Team Lead Lorna Winston-Blanks Director, Corporate Development Ron Schmidt Director, Young Professionals Yufen Huang Texas Council Delegate Christina Romero Texas Council Delegate Ron Schmidt Alternate Texas Council Delegate Nikki Thirasant-Meyer Long Range Planning Committee Team Members and Coordinators Member Attendance Team Joe Baze Employment Coordinator Jimmie Smith Newsletter Editor Carmen Hunt Community Service Coordinator Drew Mohr Webmaster C. D. Allen Education Team Stephanie Carpenter Education Team Martha Gibson Education Team Elizabeth Hernandez Sosa Academic Relations& Student Affairs Coordinator Rosemarie DeMars Academic Relations& Student Affairs Coordinator Franziska Moberly Academic Relations& Student Affairs Coordinator Susan Rhame Young Professionals Coordinator Miguel Molina Networking Events Coordinator Rebecca Bogie Networking Events Coordinator Lori Burgess Another homerun in Texas for the IMA and the Students I have been the Director of Academic Relations with the IMA DFW Area Chapter for 3 years now. After I recently relocated to Texas and passed my CMA, I decided to get involved in our local chapter and give back to the IMA and the students what I think could be called a “motivation factor”. Getting involved in local chapters is really important to pursue the full benefit of the certification and the vast IMA’s offering. I am myself impressed of what we have been able to do in the last 3 years with the students and our local universities. 4 Student Chapters created (Texas Women’s University, University of North Texas, University of Texas at Dallas and Tarleton State University), a 2nd Extravaganza Event with an impressive number of attendees (growing from last year ~70 to +100 people), academic lunches and dinners, universities visits and one-on-one student support amongst other activities done on the field (happy hours, monthly meetings, networking, CMA preparation classes). My experience with the IMA has been tremendously positive. I met a lot of valuable people and friends in the US as well as in China and Europe. Our Board is a key corner stone in supporting our initiatives, so is Global IMA and our Student Chapter Officers. As a Director of Academic Relations, it is critical to be able to rely on some help and I have not been disappointed at all in that regard. Kevin Cornwell and Vivien Yang (UTD), Franziska Moberly (TWU), Jacob Combs (UNT), Jimmie Smith, John Macaulay as well as the professors Susan Rhame (Univerisity of Dallas) and Surya Janakiraman (UTD) have been very helpful in putting this event together. Being able to attract key sponsors such as KPMG and Texas Instruments, organizing an academic lunch on Risk Management and answering specific career questions to the Students is a great blend of services we were able to display. In a very professional setting, we had the opportunity to carry the message and strategy from the IMA as well as I have been focusing on the students in these last couple of years, working with Jimmie, as we know students are our next generation talents and officers in our Boards, meetings and corporations. I have also been involved in preparing some of our CMA candidates to the exam with our CMA prep course review. It is important to help our Students to define some solid career choices, help them getting their CMA certification, offering them some mentoring opportunities as well as just getting them involved to build these leadership skills they will need in their career. IMA has done a great job identifying the “competency crisis” or the gap between knowledge and tangible experience, soft and core skills. I think we can all play a great deal of efforts in closing that gap. I was impressed about the high quality of the attendance as well as the interest in our organization. At the end of the day, we are just volunteers and we do this for fun. I do believe we can make a significant impact on somebody’s study path or career choices just by becoming aware of what it is waiting for them “out there”. Just sharing our experience and challenges, issues and doubts, help the students understand that there is much more than a public accounting job waiting for them. Management Accounting includes a variety of positions, profiles and opportunities where accounting is just a tool. Once you understand the mechanics, you can build any powerhouse you want. I think the reason why we are successful here in Dallas can be resumed in one word: authenticity. We don’t do it for glory, reward, fame or money but we genuinely invest our time to leverage our resources and help students as well as professors in the dialogue around accounting careers. We truly build solid, long-term relationships with universities to establish confidence and trust, support and ideas. We try to avoid the pitfall of any sales pitch or marketing push. Indeed the IMA is a great organization and the CMA definitely an option but we want to leave the door open for the students to make their own choices. Freedom of reflection will drive better motivated candidates and actually increase our power of attraction. I think the IMA deserves much more recognition around the world and the CMA certification should become a requirement or a preferred asset for some job positions. We have everything around us to be successful, it is just a matter of marketing and communication at this point. Rome wasn’t built in a day. Adrien Dubourg IMA DFW Area Chapter Director of Academic Relations [email protected] www.linkedin.com/in/dubourga/ Viewpoint from a Student Chapter President When I attended the first DFW IMA Student Extravaganza in the spring of 2014, I was slightly disappointed. The first extravaganza was quickly put together, and quite a few small details were missed. I thought that the professional sessions that were held were great. I was able to learn a few things and meet some new people. I had a great time at the first extravaganza, but I thought it could be improved. I was determined to make the next extravaganza better. Working with Jimmie Smith and Adrien Dubourg of the DFW IMA Chapter, as well as Vivien Yang, the UTD IMA Student Chapter Vice President, and Surya Janakiraman, our faculty advisor, we began planning for the fall extravaganza. Beginning in June of this year, we began to work on the details for planning the fall 2014 DFW Student Extravaganza. We had a lot of things to take into consideration such as room reservations, structure of our professional sessions, organization of panels and speakers, booths for employers, supplies for students, resume reviewers, lunch arrangements, volunteers, social media coverage, photographers, parking, and marketing for the event. When we started, the list of things to do seemed overwhelming. I was concerned that we would not be able to get everything in place before our agreed upon date of Friday, September 26, 2014. As the weeks progressed, my fears were soon eased, as we had made some great progress. I had made the room and lunch reservations, Jimmie had secured speakers and employers, Adrien had also recruited some employers to attend, Vivien had organized the volunteers and helped to reserve the rooms we would need, and Surya had taken care of the parking and even invited Dean Hasan Pirkul of the UT Dallas Jindal School of Management to come and give welcoming remarks. As the day drew closer, all of the major open items on our planning list had been taken care of. I had never before been involved in the planning an event of this magnitude. When I began to think about everything that needed to be done, I was apprehensive about my abilities to successfully execute an event that students and professors and employers would want to come back to. I was also dealing with the added pressure of running a new student organization that was not as popular as some of the other accounting and finance organizations. I needed to have a very successful event to help boost the image of the IMA Student Chapter at UT Dallas. I also had a recent turnovers of my officers, so it was just myself and Vivien, my vice president. In addition to being a full time student, running a student chapter with just the two of us, and working full time, planning this event was a lot of extra work. I could see how much extra stress I had added to my daily life, and how much more my mind was working to make sure I had all the bases covered. People would comment on how worn out I looked and that I should take a break. I would laugh and jokingly ask them what sleep was like. My adopted motto was no rest for the weary, because it seemed that whenever I had some extra time to take a break, something else would pop up and need my attention. In the end, it was all worth it. I had a great time planning the event and I got to work with some exceptional people. I would do it again in a heartbeat. One of the things I was adamant about throughout the planning was increasing the focus on the students. I wanted to design the professional panels differently than we had done them in the past. I wanted to focus more on our panel of professionals taking questions from the students rather than them talking about themselves for the majority of the time and only being able to answer a few questions. I also wanted to put together a panel for the student chapter leaders to speak about their plans for their respective chapters and answer questions and take suggestions from the audience. I felt this would encourage more participation from our student audience and hopefully get them more involved. I also felt that many students felt that their voice was not always heard, so this would be their chance to share their ideas and help their fellow students to succeed. The morning sessions of the extravaganza were great. John Macaulay delivered a great presentation over what CFO’s are looking for in their teams and what students can do to bridge the skills gap. After John finished his presentation, Ronald Fory took the stage and wowed everyone with a fantastic presentation over mentoring and what the IMA could do to help students. Shortly after Ron concluded his presentation, we had all the student leaders come up to the stage and talk about their student chapters and what they were hoping to accomplish. After the first three morning sessions, the students were able to go and have lunch and meet the employers and get their resumes looked at. The resume reviewers were provided by UNT and UT Dallas. The resume review is always a big hit with the students because it allows them to get professional help to make their resumes stand out to employers. The employers were also great. Several of Most of the time when students come to these events and listen to the them commented on how well organized the event was and how easy it was for them to come in and get set up. They were all excited to speakers, they tend to zone out or are too timid to openly ask quesmeet the students and collect resumes. tions in front of a large audience. I planned to plant several of our volunteers in the audience to ask pre planned questions to help get the shy students going. I was pleasantly surprised when I did not While the students were meeting the employers and having lunch, the need to use my backup plan. We had great student involvement and faculty members were in a lunch session of their own. Surya put togreat questions. I really feel that we were able to stimulate the stugether a great session for the faculty to have a discussion over risk dents and get their minds more receptive to becoming members and management in accounting. This session also qualified the attendees participating in their student chapters. I also extended an offer to help for CPE credit, so the presentation was even more valuable to them. any schools and students who were looking to start a student chapter, When we were organizing the Extravaganza, the faculty track was a but were unsure on how to go about doing this. As I have always said, particularly difficult event to organize. Surya felt that the previous the hardest thing that I have ever had to do is begin a student chapter Extravaganza was not beneficial for the academics because it was and organize volunteers. This is because there is nothing in it for the basically a marketing presentation, and did not want to worry about volunteers except for their own satisfaction. It may be difficult to do, having another entire session for the faculty. We decided the best but the end result is very rewarding. way to remedy this was to have Surya organize this session and put together a panel that would be beneficial for the academic members to sit in on. It turned out to be a big hit and hopefully will improve in The Student Extravaganza was a great success. Overall we had 95 the future. students from 13 different schools, 17 academics, and over 10 employers/sponsors register. It was a huge improvement from the first extravaganza, and really helped the DFW IMA Chapter learn how to ...(continued on next page) improve and provide for the students. I immensely enjoyed the planning, the event itself, and the chance to meet so many other students from different schools. I hope that I can continuously improve the Student Extravaganza to offer better benefits to the students. That is what the Student Extravaganza is all about; helping the students to grow professionally and build their networks, and to answer their questions that they may have. Viewpoint from a Student Chapter President...continued For the second to last session we had Terry Sullivan, CEO of BuzzPro, give a riveting presentation on how to leverage social media sites, like LinkedIn, to better market yourself to potential contacts. Terry was a real character and I thought his presentation was wonderful. His experience and knowledge of social media and how people perceive others using these sites was incredible. I would love to see him present again in the future. The last session was our revamped panel discussion. We had Adrien Dubourg from the DFW IMA Chapter, Amanda Mathis from Michaels, Lorna Winston-Blanks form Lane Gorman Trubitt, and President of the DFW IMA Chapter, Jim Clemons from Cressman Tubular as our panelists. They were all excellent in sharing who they were and answering the student’s questions. I feel that that session was a great experience for the students, and I hope to keep improving it for the future. Overall the fall 2014 Student Extravaganza was a great success and the feedback from the attendees has been great. I cannot wait to start working on the next Extravaganza and providing a great experience to our students. This whole event would not have been possible without the help of the DFW IMA Chapter and all of our sponsors and employers. Jimmie Smith and Adrien Dubourg were outstanding in assisting with the planning and I feel extremely lucky to have been able to work with them. Of course Vivien Yang and Surya Janakiraman, both of whom have made huge impacts in my life, were great in providing me with all the help I needed to make the event a success. Jules Qualls, who is and administrative assistant to the accounting program in the Jindal School of Management, was also a key piece of the puzzle. Kevin Cornwell President: IMA Student Chapter @ UT Dallas [email protected] https://www.linkedin.com/in/kevincornwell79 Dallas Fort Worth Area Chapter Members Serving at Global Level and Texas Council Global Immediate Former Chair Emeritus/Global Board, Global Board – John Macaulay Global Director, Global Board – Jimmie Smith Member Relations Committee – Jimmie Smith Planning and Development Committee – John Macaulay Young Professionals Committee - Daniel Smith Young Professionals Committee – Patrick Tam Stuart Cameron McLeod Society (SCMS) Board of Governors – MaryValerie Reeves Stuart Cameron McLeod Society (SCMS) Education Committee Chair – Pat Wynn Texas Council President – Kay McDonald Give us a call for more information about our services and products Dallas Fort Worth Area IMA Chapter PO Box 612084 Dallas, Texas 75261 Visit us on the web at http://www.dallasima.com/ IMA Chapter Competition Standings – Stevenson Division (75 chapters with 125+ members), 5/1/14 - 8/31/14 1) Minneapolis 2) Dubai – UAE 3) South Central Indiana 4) Portland 5) Dallas Fort Worth Area
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