The Calumet Accountant September 2012 September is the ninth month of the year in the Julian and Gregorian Calendars and one of four months with a length of 30 days. September in the Northern Hemisphere is the seasonal equivalent of March in the Southern Hemisphere. In the Northern hemisphere, the beginning of the meteorological autumn is 1 September. In the Southern hemisphere, the beginning of the meteorological spring is 1 September. September begins on the same day of the week as December every year, because there are 91 days separating September and December, which is a multiple of seven (the number of days in the week). No other month ends on the same day of the week as September in any year. In Latin, septem means "seven" and septimus means "seventh"; September was in fact the seventh month of the Roman calendar until 46 BC, when the first month changed from Kalendas Martius (1 March) to Kalendas Januarius (1 January).[ It is the sixth month of the Astrological calendar, which begins end of March/Mars/Aries. September marks the beginning of the ecclesiastical year in the Eastern Orthodox Church.
“September� -Tres Riches Heures du Duc de Berry
Contents Volume 68 issue 04 Sept 2012
This issue President’s Message
page
3
Personal Development
page
Crossword
page
4
2012-2013 Agenda
page 10-11
Board of Directors
page 5-6
The CMA
page 12-13
Tech Tips
page
The IMA
page 14-16
IMA Webinar
page 8
Retrospective
page
7
9
17
The Official Publication of the Calumet Chapter IMA –081 Hammond Serving Northwest Indiana and the South Chicago Suburbs
Message from Mark T. Camarena, President Dear Friends:
K
ickstarter.com was launched in 2009 and is one of the most successful crowdfunding internet sites.
Crowdfunding is the collective effort of individuals who network and resource via the internet to support other efforts. While Kickstarter was not the first crowding funding site, it has improved the model to include creative projects and funding goals. If the funding goal is not met, then the funding does not happen and Kickstarter.com does not receive a commission. Kickstarter also has created rules for a reward system for funding backers. The rewards vary based on the amount of the contribution and if a project is fully funded then the funding backer will receive a reward. I hope that by being a member of the Calumet Chapter of the IMA you feel rewarded. I believe that we have once again put together an excellent slate of chapter activities for the upcoming 2012-2013 year. Unlike Kickstarter we are not an all or nothing organization. You are welcome to pick and choose what works for you. If you don't find somehting that benefits you, please let us know what you would like to see. You can always e-mail me at markt4121@gmail.com. In an effort to kick start some growth in the Calumet Chapter I am going to ask if you would consider inviting friends and colleagues to join our chapter. Regular membership is $210 for a year with a membership registration fee of$15.00. The full year membership includes a subscription to IMA's flagship magazine Strategic Finance, as well as access to IMA's portfolio of more than 300 NASBA approved self study courses, FREE monthly webinars, access to IMA's exclusive online community Linkup IMA, the exclusive opportunity to earn the highly respected CMA (Certified Management Accountant) designation, as well as discounts on many goods and services. Through September 15, 2012 by using code AQDM1271 for new members (have never been a member of IMA in the past) the one year membership will be reduced to a total of $190 without any additional registration fee. This is a limited time offer and it can be taken advantage of by clicking the JOIN IMA tab on the chapter website http://www.imacalumet.com. Please make sure to choose chapter affiliation Calumet 081 Hammond. We want all those in our chapter service area to take advantage of all we have to offer. Looking forward to another successful chapter year.
Regards, Mark T. Camarena, CMA President, Calumet Chapter IMA Visit us online at http://www.imacalumet.com 630.530.6707 (W) e-mail me anytime markt4121@gmail.com
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 markt@550access.com or Richard Mielcarz at mycarz17@aol.com 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
Calumet Chapter IMA http://www.imacalumet.com
IMA Calumet Institute of Management Accountants-Calumet Chapter
-Don Pettit photograph on board the International Space Station
Officers and Directors 2011—2012 Mark T. Camarena - President 630-530-6707 (w) markt@550access.com
Warren Cebulko - Director of Program Rosters 312-808-3890 (w) wcebulko@yahoo.com
Jim Spice - Secretary 815-933-0491 (w) jaspice@citykankakee-il.gov
Dr. Heikki Heino - Director of Manuscripts 708-367-0034 (w) heikkimtheino@gmail.com
Deb Heim - Treasurer 630-378-6308(w) debra.heim@patterson_medical.com
Brian Guse - Director At Large 219-362-1531(w) bguse@nyb.com
Adolph Ferber - Vice President of Administration 219-322-5848 (h) adolphferber@att.net
Kyle Jones - Director Of Public Relations 219-616-6606 kyljones@comcast.net
Richard Mielcarz Vice President of Communications and New Member Chair 708-799-6234 (h) mycarz17@aol.com
John Kitzmiller - Newsletter Director 708-923-0558 jkitzmiller2@comcast.net
Bill Biller - Vice President of Professional Education 219-765-3587 (h) biller6625@comcast.net
Adam O’Hare - Associate Director, Membership Growth and Retention, adamcohare@hotmail.co.jp
Anthony Fontana Vice President of Membership Retention 708-534-5000 ext 5494 (w) afontana@ameritech.net
Alan Arendt - Assistant Treasurer
Wes Christensen - Corporate and Academic Development 708-687-9087 weswchristensen@comcast.net Yolanda Peoples - Director of Member Participation Yolandapeoples.imacalumet@gmail.com Al Zurawski Director of Employment and Chapter Photographer 219-477-4488 ext 222 (w) al@okaya.com
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.
GOOGLE SHORTCUTS
Typing the following search parameters into the Google search bar garners the corresponding results the following “OneBox” solutions: [artist][movies or albums] returns an instant list of all of the artist’s work [name of movie or game] release date returns the release date of the movie or game you are searching for, add ‘DVD’ to get the DVD release date [name of movie][zip code] returns the showtimes of movies in theaters close to your zip code [sports team name] returns nearly any team’s current score and upcoming games Weather [city name] returns a five day forecast for that city Time [country name] returns the full list of time zones for that country and time [city name] returns the current time in that city [year] [holiday name or event title] returns the day of the week a holiday lands on or when a big event starts Calculate almost anything. Google’s calculator is brawny, type in almost any calculation and get an instant answer, for example cos(pi/4) yields an instant answer of .70710678118. Add ‘graph” and you will get a graph of the answer as well. [number] [unit] into [unit] returns the conversion for the unit of measure you need [number][currency] to [currency] returns an up to date currency conversion you need [stock ticker] or [name of company] stock returns the current stock price of that company [airline] [flight number] returns instant results on that flight from Flight Stats Paste the tracking number of your USPS, UPS, FedEx, or On Trac into the bar and Google automatically figures out the shipping company and links you to the tracking page
IMA Webinar Save the Date for IMA's free Leadership Academy Webinar
Program Title: Financial Consolidations and Reporting: Best Practices Date: Wednesday September 19, 2012 Time: 1 p.m. - 2 p.m., Eastern Daylight Time Field of Study: Finance Research Area: Business Performance Management Presenter: Bryan Dehmler Buckley—Principal Product Manager, Host Analytics
Financial consolidations and reporting are always top of mind. Improving these processes can make a huge impact on the value that finance and accounting offer across the enterprise. This webinar will focus on current and emerging trends in the technology available to ease the enormous challenges posed in effectively and accurately consolidating company financial results across business units and borders, and budgeting/forecasting for these entities. Can your current systems support the growth of your company? Are your systems robust in incorporating changes in response to regulatory changes and dynamic business conditions? What are the alternatives available to you? Insights in addressing these questions will come from seasoned practitioners and experts on global financial consolidations and ERP and reporting systems designed specifically to meet the needs of companies that operate across borders. IMA members will receive (1) NASBA-approved CPE credits for attending this event. Note: Recorded webinars are not eligible for CPE credits. Go to http://tinyurl.com/9b8sjjr to register.
What Can a CMA Certification Do for You? By Melissa Leonard Gleim CMA Product Manager Summer is over, and the new IMA Chapter year is starting. All the excuses for why you don't have time to study have now gone back to school. No more summer vacations, family gatherings, or beautiful summer days to distract you from your professional goals. What can a CMA certification do for you?
$500,000. It's a great investment to your professional career! Share your success! Maybe you have already passed the CMA exam and would like to share your testtaking techniques with other candidates. Also, send me your questions if you want more tips on how to successfully meet your goals. Email me at imachapters@gleim.com with your questions and feedback. Gleim is committed to helping you become a CMA. Your Calumet IMA Chapter has partnered with Gleim to ensure your success on the CMA exam! Working together, we will provide the necessary tools to prepare you for this challenging task.
First, passing the CMA exam is a huge personal achievement. It takes a lot of discipline and dedication to study after work and sit through an examination. But, once you've conquered the first part of the exam, your momentum will carry you through the remaining part. You will feel on top of the world when you have completed both parts. This positive attitude will manifest itself in both your personal and professional endeavors. Second, it will generate many professional opportunities. Preparing for and passing the CMA exam will increase your professional knowledge, skills, and abilities, thereby rendering your services and expertise more productive and valuable. Third, your commitment and drive will not go unnoticed. The ambition and work ethic that is required to attain a certification while also balancing professional and personal responsibilities demonstrates to your supervisors the energy and determination that you possess, not to mention the new skills you have attained. Even if your employer does not acknowledge your certification directly, they will notice your hard work, effort, and refinement of skills. The IMA reports that those who are certified increase their career earnings by approximately
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 melissa.leonard@gleim.com to take advantage of the offer or if you have any questions. -Melissa Leonard Chapter Coordinator melissa.leonard@gleim.com Please visit our home page: http://www.gleim.com
2012-2013 Meeting Agenda for the Calumet Hammond Chapter of the IMA ( Subject to Change ) all meeting are priced at $30 for members and $20 for students unless otherwise marked Saturday September 1, 2012 Power Boat Races on the Kankakee River: Family day all ages welcome, Tour between 10:30-11 a.m. Races begin at noon stay as long as you like. Pricing TBD Tuesday September 18, 2012 Dante's 1734 45th Avenue Munster IN Speaker Karl J. Mauerer Vice President Wealth Management Merrill Lynch Topic: Stock Market Outlook/Ways to Invest in the Markets Tuesday October 16, 2012: Luby's 6657 South Street Tinley Park IL "Personal Financial Planning" with Dave Bensema Senior Financial Planner at Harris Private Bank. Tuesday November 13, 2012: Theo's 9144 Indianapolis Blvd Highland Indiana 2 hour Ethics Presentation (1 hour will be on Fraud ) Louis Stratton and Jolanta Flowers of Porte Brown THURSDAY December 13, 2012: Board Meeting Only must be a board member to attend still time to join the board and join us for the holiday celebration at Gino's 1259 W. Joliet Street (US30) Dyer IN. Please consider joining the board. Tuesday January 15, 2013: Glenwood Oaks 106 N Main Street Glenwood IL Annual Income Tax update with Calumet Chapter's very own Howard Ellison Wermer, Rogers, Doran and Ruzon Tuesday February 19, 2013 Carlos Lorenzetti's in Chicago Heights IL "The Cloud" speaker TBD Tuesday March 19, 2013 5124 Zuni’s 5124 Pine Island Drive Crown Point Indiana: Accounting Showcase 4 members take questions from the audience. Seeking members to be Panelists
2012-2013 Meeting Agenda for the Calumet Hammond Chapter of the IMA ( Subject to Change ) all meeting are priced at $30 for members and $20 for students unless otherwise marked
April 2013- Special Event being planned possible Night at the Races at Balmoral Park in Crete IL, or Dinner and a Play at the Munster Center For the Performing Arts, or Purdue University Calumet in Hammond IN Management Class May 15 2013- "Affordable Healthcare Act" at Luby’s Pub and Steakhouse, 6657 South Street in Tinley Park Illinois 60477 NOTES
The chapter would like to hold a special event in Porter County and invite Purdue North Central, Valparaiso University, Ivy Tech, Indiana University Northwest and any other colleges in the area to an event. Additionally, we would like to have a reunion of the Indiana Dunes Chapter members at this event. We are asking our members in the area to recommend a restaurant with a room. Please send your suggestions of restaurants, topics and speakers you would like to have for this special event to markt@550access.com The Chapter is looking for a portable microphone/speaker to help amplify presenters at Chapter events. If anyone can offer any expertise in this area or would be willing to let the chapter borrow equipment for monthly meetings it would be appreciated.
Gleim Publications has been helping candidates pass the CMA exam since 1980, with the most cost-effective 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 melissa.leonard@gleim.com or call 1-800-8745346 x 131 for further information.
CMA: The Essential Credential
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: mycarz17@aol.com or Wes Christensen - Corporate and Academic Development, 708-687-9087, epost: weswchristensen@comcast.net.
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 www.imanet.org 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 mycarz17@aol.com 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 www.imanet.org/ima_home.aspx
Source: The Institute of Managerial Accountants Inc, 10 Paragon Drive, Montvale, New Jersey http://instituteofmanagementaccountants.hqcampaign.com/ps/7-21-2011-cmaconnection-cmanotes? 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.
http://www.youtube.com/user/LinkUpIMA
Retrospective: Randy Pausch, The Last Lecture
A Carnegie Mellon University alumnus, Pausch co-founded the Entertainment Technology Center and led researchers who created Alice, a revolutionary way to teach computer programming. He was widely respected in academic circles for a unique interdisciplinary approach, bringing together artists, dramatists and designers to break new ground by working in collaboration with computer scientists.
As a professor, he inspired countless students in the classroom. Outside the classroom, he gained public fame for delivering what would come to be known as "The Last Lecture." On Sept. 18, 2007, only a month after doctors told him that he had three-to-six months to live following a recurrence of pancreatic cancer, he presented a lecture called "Really Achieving Your Childhood Dreams" to a packed auditorium at Carnegie Mellon. The moving and often humorous talk recounted his efforts to achieve such childhood dreams as becoming a professional football player, experiencing zero gravity and developing Disney World attractions. In the process, he shared his insights on finding the good in other people, working hard to overcome obstacles and living generously. You can view the lecture directly at http://www.youtube.com/watch?v=ji5_MqicxSo or via the above hyperlink.