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CALUMET ACCOUNTANT The Official Publication of the Calumet Chapter IMA –081 Hammond Serving Northwest Indiana and the South Chicago Suburbs


Bianca Green, Louis Armstrong told us so,

this issue President’s Message 2

Webinar: Coping with Change 5

Upcoming Events 10-11

Board of Directors 3-4

Personal Development 6-8

The IMA and the CMA 12-16

Professional Development 9

Tech Tips 17

Message from Mark T. Camarena, President Threadless is an online community of artists and an e-commerce website founded in Chicago by Jake Nickell and Jacob DeHart. They started the company with $1,000 of their own money. Threadless posts about 1,000 designs submissions per week. These designs are put to a public vote and assigned ratings based on feedback. The top scoring designs are printed on clothes and sold online through its website, Threadless also has a store located at 3011 Broadway St in Chicago Illinois and the outlet sells the latest two weeks of top winning designs. The whole catalog of Threadless merchandise is available at the company’s headquarters located at 1260 W. Madison in Chicago IL. (I would love the Calumet Chapter of the IMA to be able to visit the company headquarters and hear from someone at the company in 2012-2013 so if you have a contact there, please let the board know.) This edition of the Calumet Accountant features artwork showcased by Threadless. Threadless has also partnered with Gap and with Thermos to sell some of the clothing merchandise and artwork. Threadless compensates the artists with corporate gift cards, and retains the rights on the designs for clothing. The artist keeps the rights on all other forms of design mediums. In 2006 Wired magazine dubbed this method of doing business as crowdsourcing. According to Merriam Webster, crowdsourcing is the combination of crowd and outsourcing and means “the practice of obtaining needed services, ideas, or content by soliciting contributions from a large group of people especially from an online community rather than from traditional employees or suppliers.” As we come into the home stretch of the 2011-2012 chapter year, I am pleased by many of the accomplishments we have achieved these past few years. We are doing a great job of raising the awareness of the Calumet Chapter of the IMA to new individuals, accounting and finance professionals, and college students. Please continue to get the word out about our Chapter and help us grow even more. I am encouraged to find out that some of our group are working on obtaining the CMA certification. I am proud that we continue to offer excellent technical speakers and quality technical meetings. Finally, I am gratified to have you as a member. It is because of you that our Chapter continues on its path of success. With the aide of the surveys this year we know that we need to find some locations that better serve the needs of the group. Please let us know if you have any suggestions. You can email me, use the online survey form, or even the online contact form at our website. We have increased our online presence with our website and continue efforts to keep our Linkedin group relevant. We may not yet be at the point of crowdsourcing, and Chaptersourcing may not make it into the dictionary, but we need your help. We ask you to consider joining the Calumet Chapter board. Current needs are listed in the newsletter and on the chapter website. The period of service is from June 1 through May 31 but you can join us anytime. Board meetings will be held on Thursdays in the summer and are usually held before each regular meeting at 5:15 p.m. Any member is welcome to stop by a board meeting. Even if you can not commit to serving on the board you can help us out by recommending speakers, topics, and locations that have an appropriate meeting room for our group. To show that we are listening I remind you that this month’s meeting which traditionally has been “Our Biggest Night of the Year” has been moved to the Charley Horse of Munster by popular demand. I hope to see you there and please send your suggestions to me at or speak with any board member. We would be happy to listen to your ideas. Regards, Mark T. Camarena, CMA President, Calumet Chapter IMA Visit us online at 630.530.6707 (W) e-mail me anytime

Open Board Positions Be a part of something exceptional. The Board of the Calumet Hammond 081 Chapter is always in search of great talent. Joining the Board is an excellent opportunity for you to showcase your talent and build your professional network. Don't hesitate, join today and help build our Chapter into something brilliant. Please contact Mark Camarena at or Richard Mielcarz at for further information. Administration and Finance Special Activities Director Director in charge of coordinating special events AV Tech Director Director in charge of locating, setting up, and running audio and visual components for special events and meetings

Communications and Community Relations Social Media Director Director(s) in charge of website maintenance, Facebook and Linkedin maintenance Community Relations Director Director in charge of community outreach and coordinating community service for the Chapter Chapter Historian Director in charge of maintaining chapter documents, newsletters, roster books, and other relevant media Education and Professional Development CPE Director Director in charge of CPE certificate maintenance and record keeping CMA Director Director in charge of coordinating sponsor discounts for CMA candidates and encouraging members to take the CMA exam Academic Relations Director Director in charge of communicating with area professors about the IMA and the Chapter, and promoting and coordinating the Chapter as guest speakers for classes and accounting groups “Don’t say you don’t have enough time. You have exactly the same number of hours per day that were given to Helen Keller, Louis Pasteur, Michelangelo, Mother Teresa, Leonardo da Vinci, Thomas Jefferson and Albert Einstein.” -H. Jackson Brown Jr.

Calumet Chapter IMA

IMA Calumet Institute of Management Accountants-Calumet Chapter

Abstract Circuit board, Simon Osborne

Officers and Directors 2011—2012 Mark T. Camarena - President 630-530-6707 (w)

Warren Cebulko - Director of Program Rosters 312-808-3890 (w)

Jim Spice - Secretary 815-933-0491 (w)

Dr. Heikki Heino - Director of Manuscripts 708-367-0034 (w)

Deb Heim - Treasurer 630-378-6308(w)

Brian Guse - Director At Large 219-362-1531(w)

Adolph Ferber - Vice President of Administration 219-322-5848 (h)

Kyle Jones - Director Of Public Relations 219-616-6606

Richard Mielcarz Vice President of Communications and New Member Chair 708-799-6234 (h)

John Kitzmiller - Newsletter Director 708-923-0558

Bill Biller - Vice President of Professional Education 219-765-3587 (h)

Adam O’Hare - Associate Director, Membership Growth and Retention,

Anthony Fontana Vice President of Membership Retention 708-534-5000 ext 5494 (w)

Alan Arendt - Assistant Treasurer

Wes Christensen - Corporate and Academic Development 708-687-9087 Yolanda Peoples - Director of Member Participation Al Zurawski Director of Employment and Chapter Photographer 219-477-4488 ext 222 (w)

“When you walk into a restaurant, you don’t just say, “Bring me some food.” Instead, you’re specific—you pick exactly what you want from the menu. Do the same for your life. Don’t just say, “My goal over the next five years is to be happy. “ Be specific. The clearer and more vividly you visualize a goal, the easier it becomes to achieve or acquire it. If possible, ride in it, fly in it, visualize it, rehearse it, get pictures of it. The list the steps needed to attain it.” -Dan Zadra, Where Will You Be Five Years from Today?, 2009

Interested in joining the board? The Calumet Hammond Chapter is always looking for new talent, consider joining and showcasing yours! Please consult page two and find something that will make you stand out and be heard.

Coping With Change Date: Tuesday, March 20, 2012 1:00 PM Eastern Daylight Time CPE Credit: 1.5 hr Price: Free Field of Study: Personal Development Research Area of Practice: Management Advisory Services -Nacho Diaz, Saving Money,

Webinar: Coping With Change Change is all around us – sometimes causing stress. Change cannot be escaped, but you can learn to handle change. This course is designed to increase your comprehension of change and its impact on individual lives. In addition, this course focuses on the development of techniques to better cope with the ever-present change occurring around you.

Program Level: Basic Program Prerequisites: None Instructional Method: GroupInternet Advance Preparation: Download participation guide Offered by the IMA

Learning Objectives: After this webinar, attendees will be able to: 

Define Change

Describe the impact of change on individuals

Recognize why and when change is necessary

Identify common barriers to change

Identify techniques to cope with change

Offered by the IMA, go to: after logging into the IMA website.


Institute of Management Accountants (IMA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web

$40 for IMA members (doesn't matter which Chapter), $20 for students, $20 for unemployed FRV IMA Chapter members; $50 for non-IMA members (guests). (Cash or Check; no credit cards accepted) RSVP deadline: 5PM Wednesday March 7th. Please RSVP to Sheryl Elliot via e-mail ( or phone (630-801-4688). We will not be asking you to prepay for the session, however if you make a reservation please let me know at the earliest if something has changed and you are unable to attend.

Nick Tassone, Tin Can Conversations Poster,

VERBAL/NONVERBAL COMMUNICATIONS A 4 hr Professional Development Session The Fox River Valley IMA Chapter will be hosting a 4-hour Professional Development Session on Saturday, March 10th. The subject matter will be: Verbal/Nonverbal Communications: A Workshop on (Mis)perceptions of Self and Others and the presenter will be Chris Miller of College of DuPage. Registration and Continental Breakfast will begin at 8AM; the session will begin at 8:30A and run until 12P. The session will be held at the Naperville Municipal Building, 400 S. Eagle St. (Naperville, IL). The conference room does have a maximum; so make sure to reserve early! ***In consideration of the current economic conditions, we are holding the cost of the event at previous years, and offering 1/2 price to our unemployed chapter members.

Chris Miller Bio After receiving his Master of Arts in Communication from Northern Illinois University in 1999 Chris Miller immediately moved into his passion: teaching. His teaching career initially began at Kishwaukee College in 1999, but he has been an Assistant Professor of Speech Communication College of Dupage since 2002. Professor Miller first became interested in speech communication when he was an undergraduate student at Solano Community College in Suisun City, CA when his speech instructor asked him to join their speech and debate team. After that he was hooked. After a successful speech career in California (Gold Medal in Duo Interpretation and Silver Medal in Program of Oral Interpretation at the two-year national competition), Professor Miller was recruited by Northern Illinois University and moved himself and his girlfriend (now wife, they have been dating since 1992) to Illinois where he continued to compete on the NIU speech and debate team. He claims his greatest achievements are his State Informative Speaking award in 1997 only to be bested by the 3rd place overall at the four-year national championships in After Dinner Speaking. When his competitive career ended he realized he wanted to extensively explore communication from an academic angle. In graduate school Professor Miller studied Interpersonal Communication with an emphasis in Health Communication. Professor Miller's focus was on the Emergency Medical Technician-Patient relationship and published the first work ever on this dyadic relationship. After graduate school Professor Miller knew his passion was teaching and consequently wanted to make his career at the two-year level. He wanted to go back and give to this population of students as his teachers did for him. Professor Miller has provided workshops for IMA in the past, but has also been a guest lecturer for Painter's District #30, and developed a workshop entitled, "Speak it Write" with Professor Jason Snart, also of College of Dupage. Additionally, Professor Miller hosts a bi-weekly online comedy show entitled "That Beepin' Show that is produced also through College of Dupage.

Lim Heng Swee Discover Yourself

Do It For Yourself by Melissa Leonard, The CMA designation is a worthwhile pursuit with many benefits, and you are more likely to succeed in staying on task when you are doing it for YOU. I have written many times in these monthly articles about the value of becoming certified; perhaps this has encouraged some of you to pursue the CMA, and perhaps you have also found your own personal reasons and motivation. Dr. Gleim and my manager encouraged me to take the exam for a position I wanted, but I had to find my own personal motivation to be able to put aside more leisurely activities and stay focused. For me, it came down to two things. The first was a desire to learn more about accounting and what it takes to prepare for the CMA Exam. I wanted to put into action all the study tips and instruction I have shared with candidates over the years. The second was a sense of personal achievement that comes from passing the CMA exam. While this can sometimes be the most underrated benefit of passing the exam, it was a huge motivator for me. Perhaps your accounting professor told you of the benefits to your career and that is what got you thinking about the exam initially, but it was your immediate desire to be more highly valued in the job race than your peers that actually motivated you to take the CMA. Maybe you are a seasoned professional and, while

Gleim Chapter Coordinator

your fellow IMA chapter members may have encouraged you to pursue the certification, your motivation to pass the exam stems from having your eyes on that big promotion at work. It is great to have influences on your goals, but your own personal motivating factors are what will help you stay focused throughout your exam preparations. When stress from your personal or professional life gets in the way, it can be easy to slip into habits that are not productive. That's when you have to remind yourself why you started preparing for the exam in the first place so you make positive and productive choices in your study habits. I definitely had to do this when studying for Part 1. Now that I have moved on to Part 2, I find that I have to remind myself at least once a week of my reasons for taking this exam, especially during the holiday season. Small adjustments to your schedule will feel less like a chore and more like an opportunity to succeed when you have your own personal motivation. Find your motivation for passing the CMA exam and DO IT FOR YOURSELF!

Share your success! I would like to hear how you passed the CMA exam. Email Melissa Leonard, your Chapter Coordinator at with your questions and feedback. Gleim is committed to helping you accomplish your goal of passing the exam and becoming a CMA. Your Calumet IMA Chapter has partnered with Gleim to ensure your success on the CMA exam! Working together, we will provide you the necessary tools to prepare for this difficult exam. As a Calumet Chapter member, you receive significant discounts on the Gleim CMA Review materials and Gleim CPE. Contact Melissa Leonard at 800.874.5346 ext. 131 or to take advantage of the offer or if you have any questions.

Do you have feedback on what you have read or suggestions on future topics? Maybe you are studying for the exam or have recently passed and want to share tactics you used. Email Gleim at with your comments.. Melissa Leonard Gleim Publications, Inc. Chapter Coordinator 4201 NW 95th Blvd. , Gainesville, FL 32606 800.847.5346 ext. 131 (ph) / 352.375.6940 (fx)

Gleim Publications has been helping candidates pass the CMA exam since 1980, with the most costeffective system combining books, Test Prep CD-Rom, audios, Gleim Online, and a Personal Counselor to GUARANTEE your success on the CMA exam.

Gleim is a proud sponsor of the Calumet Hammond Chapter of the IMA and not only donated the above certificate, but also offers chapter members a 20% to 32% discount on all CMA study materials, as well as Gleim CPE, including the new ethics course. Contact Melissa Leonard at or call 1-800-874-5346 x 131 for further information.

Richard Lee, A Key For Everything,

“ Wha t is life fo r? It is fo r you.� -Ab ra ha m Ma slow

for these sessions, or sense most attendees would prefer to be elsewhere, you may need to dial back the frequency. Consider whether memos, emails or briefing reports could sufficiently communicate the information that would be covered. Give attendees a chance to prepare As business demands escalate, colleagues have less time to convene during the workday. Help ensure meeting efficiency by sending out memos in advance so everyone knows the purpose for getting together and topics to be discussed. At minimum, attendees should receive short but detailed agendas to review and comment on prior to the session. Pre-meeting distribution of visual tools that will be used during the meeting, such as a PowerPoint deck, also is becoming common practice. This allows attendees to familiarize themselves with the information prior to the meeting and make a note of anything they’d like to ask about or comment on. If participants have done their homework, the Wawawiwa Design, Nice to meet you,

presenter also will be able to move through the deck more quickly during the meeting, leaving more time for discussion.

Making Meetings Matter

Invite only those who need to be there

By Accountemps, a Robert Half Company

Does every person on the list of attendees really need to be present for the discussion? Often, people are invited to meetings as a courtesy

Most professionals have a love-loathe relationship with meetings.

instead of out of necessity. If someone doesn’t have a stake in the ma-

They know these gatherings are a fact of business and can lead to

jority of items on the agenda, let that person know his or her atten-

positive outcomes. But when they receive a meeting invitation,

dance is optional. A lengthy participant list also may indicate you’re

they often cringe. Why? Because they know for every productive

trying to accomplish too much in a single meeting.

meeting they attend, there’s another that will be a waste of time. In a recent Robert Half survey, 27 percent of managers said their biggest complaint about business meetings is being asked to attend an unnecessary gathering. And nearly one-third of respondents said a session that is not kept on schedule — either starting or ending late — is their top pet peeve. Being able to determine when a get-together is truly essential is a critical skill for managers. And when a meeting is deemed necessary, whether it will be held in-person, online or via a conference call, steps must be taken to ensure everyone’s time is well spent. Here are some tips to help you earn a reputation as a thoughtful

Request that devices be turned off By all means, ask attendees to turn off all electronics, including mobile phones, laptops or tablet computers, during the session unless they are being used as a planned part of the agenda. These devices can be a powerful distraction for those who feel compelled to check messages constantly — or to play games and update their Facebook status. Some people do like to use electronic devices to take notes during meetings, however, so allow some latitude. If you at least make it clear to attendees that their full attention would be appreciated, they’ll likely honor your request — and stick to business if they choose to keep gadgets handy.

meeting organizer: Being asked to attend an excessive number of meetings, especially Reassess the ‘regular’ schedule

those that don’t provide value, can be frustrating for busy professionals

There are several standing meetings or conference calls on the

who may be need to push off higher priority tasks in order to be pre-

office calendar, but does your team really need to convene so of-

sent. Judicious scheduling will convey to your staff that if a meeting is

ten? If you’re having a difficult time creating a meaningful agenda

on the calendar, it’s for a good reason.

STUDENT AND MEMBER APPRECIATION NIGHT II 6:30 PM, TUESDAY MARCH 20, 2012 $10 Students, $25 Members and Guests

Please consider joining us as we host Doug Tillet, Vice President of Public Affairs for the Federal Reserve Bank of Chicago. This value priced event will be held at the Charley Horse Restaurant at 8940 Calumet Avenue in Munster Indiana. Networking and registration begins at 6 pm, dinner and presentation at 6:30, and we finish at 9 pm. RSVP to or use the QR code to the left on your smart phone and fill out your contact information with RSVP 0221 in the comment area. A map to the event can be found on our website under Event Calendar. All are welcome, if you are a student, member, prospective member, or have an interest, please join us.

DOUG TILLET, FEDERAL RESERVE BANK OF CHICAGO Douglas Tillett joined the Federal Reserve Bank of Chicago in July 2001 as Vice President of Public Affairs. His current responsibility is to oversee the Bank's strategic media and public affairs programs. Previously Mr. Tillett served as the spokesman for the Federal Reserve Bank of New York, where he was Assistant Vice President, Public Information from 1997 to 2001. He also served as the New York Fed's Corporate Secretary in 2000 and 2001. Prior to joining the New York Federal Reserve Bank, Mr. Tillett worked in Washington, D.C. as Vice President, Public Relations for the National Association of Life Underwriters; Director of Information at the Small Business Administration and as Director of Public Affairs at the U.S. Department of Justice; Senior Account Executive at Bailey, Deardourff and Associates, and as Director of Public Affairs for the Office of Attorney General of Pennsylvania. Mr. Tillett graduated with a B.S. in broadcast communications from Syracuse University and received an M.G.A. in public administration from the University of Pennsylvania.

The Calumet Hammond 081 Chapter of the IMA is a Not for Profit Association for accountants and finance professionals in business. The Calumet Chapter serves Northwest Indiana and the Southern Suburbs of Chicago. Anyone with an interest in the subject matter is welcome as a member. Look for us on Facebook at IMA Calumet and on LinkedIn at Institute of Management Accountants—Calumet Chapter.

2011-2012 Schedule About Our Meetings Registration: Registration for all events starts at 6:00pm and the meetings begin promptly at 6:30pm. Cost to Attend: Unless otherwise noted, the cost for IMA Members and guests to attend meetings is $30/per event and $15/per event for college students. There are two value-priced events.

Tuesday March 20, 2012 Student Night and Member Appreciation Night II To be held at the Charley Horse Restaurant at 8940 Calumet Avenue Munster Indiana; Doug Tillet, VP of Public Relations of the Federal Reserve Bank of Chicago will be our distinguished guest speaker for the evening.

Wednesday April 25, 2012 Purdue University Calumet Hospitability Tourism Management Gourmet Dinner. Spouses/guests are welcome and the cost is $25.00 per person. Featuring Cuisines of New York and a musical, please rsvp to Adolf Ferber by April 12, 2012. To be held at Purdue University’s Calumet new Hospitality Tourism Management Building, 2300 173rd Street in Hammond Indiana.

Friday April 27, 2012 A tour of the CME Group in Downtown Chicago with a “Go Dutch lunch”. If you have a suggestion on which part of the trading floor you would like to tour, please email Tony Fontana at

Tuesday May 15, 2012 Stock Market Outlook Chuck Carlson will look into his crystal ball and lend us his expertise on the outlook for the market. This will be at Theo’s Restaurant, 9144 Indianapolis Boulevard Highland Indiana. Spouses/guests are welcome. This evening’s finale will be “The Passing of the Gavel” by President Mark Camarena.

“So many of our dreams at first seem impossible, then seem improbable, and then, when we summon the will, they soon seem inevitable.” -Christopher Reeve

Greg-Guillemin, Smooth Minimal—Superman,

CMA: The Essential The Institute of Managerial Accountants (IMA) represents more than 60,000 accountants and financial professionals worldwide. The majority of these professionals work inside businesses and organizations. They comprise the essential elements of financial management, organizational development, integrity, ethics and governance, and short and long term business goal management. The Certified Management Accountant Credential (CMA) offered by the IMA is an advanced professional certification that reflects the necessary accounting and financial management skills demanded in today’s business environment. The CMA exam was first offered in 1972. Today over 30,000 accountants and financial professionals have earned this highly recognized and global title. Professionals who have earned the CMA hold key management roles at top multinational firms and offer their companies the real world relevance, critical knowledge, and leadership abilities to compete in today’s dynamic global business environment. For further information please contact Richard Mielcarz Vice President of Communications and New Member Chair 708-799-6234 (h), epost: or Wes Christensen - Corporate and Academic Development, 708-687-9087, epost:

-Wayne Gretzky

Member Profile How Do I Update My Member Profile at the IMA? It's as easy as 1,2,3 to update your member profile at the IMA Website. 1. Go to the IMA website at and log into your account .

2. Login with your member number and passcode. If you lost your member number or don't know it, email Dick Mielcarz at and he will forward it to you. If you have never registered on the site, then the initial password is your last name. You will be prompted to create a new password.

3. Click on the "My Profile" link next to your name at the top of the page and edit your profile. Be sure to keep your information including any email changes current so we are better able to keep you apprised of any Chapter happenings.

Source: Institute of Management Accountants, Inc. Montvale New Jersey

Source: The Institute of Managerial Accountants Inc, 10 Paragon Drive, Montvale, New Jersey hq_e=el&hq_m=1053863&hq_l=10&hq_v=f7c6811596

The Institute Of Management Accountants YouTube Page

The IMA maintains a YouTube channel filled with videos addressing the CMA exam process, CMA study guides and resources, coverage of the IMA Annual Conference, and insights from IMA leaders. Be sure to visit the IMA YouTube channel for further insight on the IMA and the CMA.

Keyboard Short Cuts for Microsoft Excel

-Zerm, Backspace,

Accelerating Microsoft Excel To...

Use this shortcut

Open a new workbook

Press Ctrl+N.

Move left to right, cell by cell

Press Tab, or press the Right Arrow key.

Move right to left, cell by cell

Press Shift+Tab, or press the Left Arrow key.

Move down, cell by cell

Press Enter, or press th e Down Arrow key.

Move up, cell by cell

Press Shift+Enter, or press the Up Arrow key.

Move down or up to the last empty or non-empty cell

Press Ctrl+Shift+Down Arrow or Up Arrow.

Move to the last empty or non-empty cell to the right or

Press Ctrl+Shift+Right Arrow or Left Arrow.

left Erase data in the current cell

Press Backspace.

Insert a return within a cell

Press Alt+Enter.

Return to the beginning of the row

Press HOME.

Advance to the next worksheet

Ctrl+Page Down

Go to the previous worksheet

Ctrl+Page Up

Enter the date

Press Ctrl+Semicolon (;).

Enter the time

Press Ctrl+Shift+Colon (:).

Find out about the style within the cell

Press Alt+Apostrophe (‘).

Display the Format Cells dialog box

Press Ctrl+1.

Apply the general number format

Press Ctrl+Shift+Tilde (~).

Apply the currency number format

Press Ctrl+Shift+Dollar Sign ($).

Apply the percentage number format

Press Ctrl+Shift+Percent (%).

Apply a border

Press Ctrl+Shift+Ampersand (&).

Remove a border

Press Ctrl+Shift+ underscore (_).

Hide the selected columns

Press Ctrl+0 (zero).

Hide the selected rows

Press Ctrl+9.

The Calumet Accountant  

The Official Publication of the Calumet Chapter of the IMA

The Calumet Accountant  

The Official Publication of the Calumet Chapter of the IMA