OCTOBER 2002
2002-2003 Dinner Meeting Schedule
October 17: How to Manage Changing Careers in Accounting
Teresa Muncer-Shimp
New Member Orientation starts at 6 PM
November: How to Start and Stay in Business
Ralph Bartell, SCORE
Community Service Night
January: Corporate Fraud & the Aftermath
Congressman David Price (Tentative)
Joint Meeting Institute of Internal Auditors
February: Fraud & Risk Management
Lucy L. Gallo, CPA
March: What does Management want for Professional Staff
Grant Shenk, Worldwide Product Manager of Thinkpads, IBM
Student Night,
April: Best Practices - Industry Leader
CMA/CFM Night
May: Andrew Silton, Chief Investment Officer State Treasurer’s Office
Past Presidents Night
All meetings are held on the third Thursday of the month at the RTP Marriott off of Miami Boulevard. Social starts at 6:00 with a buffet dinner starting at 6:30. Pre-registration cost is $25 members, $30 non-members. Register at http://www.imanctriangle.org/register.htm
Fellow IMA’ers:
What a way to start the year! We had a good turnout for our dinner meeting as more than 30 turned out for a great meal and speaker. My thanks to Chris McKittrick for arranging her presentation. For October, Ted Bachman has arranged a presentation by Teresa Muncer-Shimp on a topic that is unfortunately too close to home for many of us, “How to Manage Changing Careers in Accounting”. However, when you think about the life span of your career, to think that it will never change even within the same company is not realistic. This presentation has something for all of us as we go through an ever changing business environment.
Registering: Speaking of registering, you can always do that at our web site or you can email, fax or call Kathy Santos-Rezendes (find her on the dinner speaker notice page). We are reinstating the pre-registration discount this year. For the Thursday night dinner meetings, you must have contacted Kathy through one of the methods stated above by Midnight the Sunday before the dinner meeting. Please remember that the prices have changed so that we can cover our cost, not make a profit. Does that mean you won’t be able to attend if you don’t pre-register? No. They are buffets, so the Marriott will have enough for a certain number of people who will show up at the door without pre-registrations. We would appreciate if you do know you are coming and it is Monday - Wednesday that you go ahead and register. That way, if a significant number of people over the Marriott’s number are coming we can alert the Marriott to that fact. However, it will cost you $5 more. Let me emphasize that even though we raised the price this year, all we do is cover the cost of the meal.
CPE recording. I recently sent out an email with a CPE reporting form attached to it. I did that because National has changed the way they compensate us. Part of our compensation is now for any and all CPE obtained by our members from sources including but not limited to IMA. There should be a form in this newsletter or at our website. It would be ideal if you would go to the National IMA website and update your CPE. If you prefer to have us do it, then I would ask you to use this form. If you have had any CPE since June 1, 2002, please report it using one of these two options.
National Reporting www.imanet.org, then sign into member portal or Chapter reporting: www.imanctriangle.org/record_cpe.htm
New Member Orientation: There will be an orientation session 6:00 PM to 6:30 PM prior to the dinner meeting in October. This is meant for any new members of our chapter, but anyone who wants to learn more about National or local benefits are free to attend. For those interested, please check the box on the registration form.
Carolinas Council Please note your calendars for the Carolina Council’s fall meeting in Wilmington on October 25-26. There will be an all day seminar led by Joanne W. Rockness, PHD CPA, the Cameron Professor of Accountancy and Director of the Master of Science Program at UNC-Wilmington. She has lectured and led groups on a number of topics, including FASB updates, fraud and revenue recognition and professionalism and ethics. Additional information at http://www.imacarolinascouncil.org/fall_2002.htm
I look forward to this year. I hope you do too. Per usual, I will put in my pitch for Board members in closing, although we have had great success this month in filling our slots. We now have three spots that need your help. Come join us and develop those leadership skills.
Ronald J. Lowell,
Chapter President
Phone 821-5469 or email rlowell@nc.rr.com
October Dinner Seminar
Date & Time: Thursday, Oct. 17, 2002, 6 PM
Place: RTP Marriot, off Miami Blvd.
Menu : Mexican Fiesta Buffet – salad, taco bar, beef enchiladas, chicken fajitas, corm, refried beans, Mexican rice, apple crispito
Price: $25 members; $30 non-members – Registered before 10/14
$30 members; $35 non-members – Registered after 10/13
Speaker: Teresa Muncer-Shimp, O’Neill Associates, Inc.
Topic: “How to Manage Changing Careers in Accounting”
(Including a session on how to make yourself marketable in this economic environment)
Field of Study: Management
Recommended CPE: 1 Hour
Prerequisites: None Level: Basic
Advance Preparation: None
Teaching Method: Lecture/Discussion
October Meeting will be New Member Orientation beginning at 6:00 PM. Check Box on Registration Page to register.
The North Carolina Triangle Chapter of the IMA is registered with the NC State Board of CPA Examiners as a sponsor of continuing professional education. Complaints or comments regarding registered sponsors may be addressed to the North Carolina State Board of CPA Examiners, PO Box 12827, Raleigh, NC 27605-2827
October Dinner Speaker – Teresa Muncer-Shimp, O’Neill Associates, Inc.
In 1993, I became a Manager of several Northern Ohio offices and was promoted to corporate trainer for 13 states and 30 offices for an international staffing company specializing in accounting and financial placements. Many of my achievements included developing workshops and programs for colleges and universities. These programs consisted of How to become Marketable in a Down Sizing Economy, Technology in the Administration Field, and Job Searching for Beginners, Managing your Staff through Change, and CPA Sponsored seminars. Much of the most fulfilling work has been developing career plans for both professionals and suggesting curriculum changes to various business schools by serving as an advisor for accounting and administration committees.
Most recently I had designed a three-part seminar for a local company that was down sizing. This workshop consisted of how to write a resume, interviewing tips, and negotiating for the best salary. It was a success and helped thirty down sized employees build their confidence and sharpen their skills to enter into a harsh economic environment I’ll be speaking on how to manage changing careers in the accounting profession.
Log onto the Chapter’s Web Site
The Chapter’s web site can be found at www.imanctriangle.org. Keep up with the latest information about chapter events. Special thanks to our web designer Kathy Santos-Rezendes. Expanded Monthly Chapter newsletter published exclusively on our website.
November Dinner Seminar
Date & Time: Thursday, Nov. 21, 2002, 6 PM
Place: RTP Marriot, off Miami Blvd.
Price: $25 members; $30 non-members – Registered before 11/18
$30 members; $35 non-members – Registered after 11/17
Speaker: Ralph Bartell, SCORE
(Service Corps Of Retired Executives.
Topic: “How to Start and Stay in Business”
Field of Study: Management
Recommended CPE: 1 Hour
Prerequisites: None Level: Basic
Advance Preparation: None
Teaching Method: Lecture/Discussion
The November Dinner will be Community Service Night
November Dinner Speaker – Ralph Bartell, SCORE, "How to start and stay in business".
The SCORE Association is a national, nonprofit association with 10,500 volunteer members and 389 chapters throughout the United States and its territories. SCORE is a resource partner with the U.S. Small Business Administration.
SCORE Association Profile
The SCORE Association (Service Corps of Retired Executives) is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide. SCORE is a resource partner with the Small Business Administration (SBA). SCORE Association volunteers serve as "Counselors to America's Small Business." Working and retired executives and business owners donate their time and expertise as volunteer business counselors and provide confidential counseling and mentoring free of charge.
SCORE's Web site mapping feature lets you Find SCORE via the 389 chapters in locations throughout the United States and its territories. Local chapters provide free counseling and low-cost workshops in their communities. SCORE was founded in 1964 and assists approximately 300,000 entrepreneurs annually. Each year, the SCORE Chapter of the Year is honored during Small Business Week in June. Walter H. Channing of Michigan served as the first volunteer president of SCORE. W. Kenneth Yancey, Jr. is the CEO of the SCORE Association.
FY01 SCORE Statistics
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More than 4.5 million clients served with SCORE counseling since 1964. |
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More than 1.2 million volunteer hours donated to assist entrepreneurs. |
In FY01, SCORE provided 387,938 services to the small business community through counseling, educational training workshops and online assistance.
On average, 50,000 individuals visit www.score.org each month. In FY01, 59,118 entrepreneurs engaged in SCORE email counseling, which is available 24 hours a day, 7 days a week.
The Business Resource Index gives you a selection of Web sites with useful business information and tools. These hotlinks take you directly to some of the best features on Web sites?view an alphabetical list of specific topics. With one click you can get to real resources.
Business Hotlinks point you in the direction of popular and useful links to Web sites with valuable information. The list is organized by categories. Tour these sites for small business info.
Fraud and abuse cost U.S. organizations over $600 billion annually, and identify theft has become one of the fastest growing crimes in America. This month's Guest Feature? How to Prevent Employee Theft? discusses how small businesses can select the right employees and set policies to help deter fraud
The Top Ten Business Questions. Find out the answers to small business's most compelling questions? as answered by counselors from SCORE.
SCORE Answers Real-World Business Questions
Check out all of the 10 real-world business questions, or find the answer to the question that applies the most to your small business.
1. Why should I care about competition? I trust my product to be successful
2. What do I need to know about financial statements in order to start and manage my small business?
3. What are the most important design elements to be considered in putting together a brochure?
4. How can I do business on the Internet?
5. If I am not planning to apply for a bank loan, why is it important to make a business plan?
6. What location should I consider for my restaurant?
7. How can I obtain help through email counseling on the Internet in setting up my business?
8. If the income projections for my business indicate that it will be profitable in the first year of operation, why is it important to do a monthly cash flow projection?
9. How do I determine whether or not I am capable of starting a business?
10. How do I go about using the local newspapers to advertise the fact that my product will be displayed in conjunction with a community event?
EMPLOYMENT OPPORTUNITIES – From the Chapter’s Employment Director
Financial Analyst and Cost Analyst Positions with established but innovative manufacturer in south-central NC.
Financial Analyst
Reporting to Groups Controller, you would:
· Coordinate monthly management reports
· Compare results to budget and forecasts
· Assist in development of budgets and forecasts
· Review capital expenditures, balance sheet and cost reduction possibilities
· Analyze product and customer profitability
· Perform special projects
Required:
· BS/BBA (Desire MBA/CPA/CMA)
· Strong analytical, computer and communication skills
· 2+ years relevant experience
Cost Analyst
Reporting to Cost Manager, you would:
· Maintain/administer production accounting system
· Develop annual production cost standards
· Analyze actual vs. standards and performance metrics
· Support/maintain pricing system
· Assure accurate close
· Perform special projects
Required:
· BS/BBA (Desire CPA/CMA)
· Strong PC, mainframe, analytical and communication skills
· Ability to travel, as needed
· 2+ years manufacturing cost experience
These are highly visible growth positions with a very well-respected company. Room for promotion and competitive salary and benefits are available to the successful applicants.
The Chapter serves its members by connecting those seeking positions with employers that have positions available. The Chapter’s Director of Employment is Chris McKittrick. For further information or to submit a resume please e-mail Chris McKittrick at ctm1999@hotmail.com
OPEN BOARD POSITIONS
Vice President of Membership
Member of executive committee.
Coordinates directorships for achievement of membership goals.
Coordinates information flow needed by other parts of the organization, particularly as identified for National point competition.
Designs and implements activities, personally or through the directors, that will increase or retain membership.
Helps identify opportunities for increased membership participation.
Reviews activities required for National point competition and determine programs needed to meet the requirements.
Director of Roster
Coordinates the production, publication and distribution of the annual roster.
Report results to VP Administration as identified by the National Competition Points program.
Vice President of Education
Director of Seminars
Serve as liaison with identified speakers for follow-up confirmation of speaking schedule.
Coordinate facility requirements for speaker with the Director of Meetings.
Keep VP Education informed of any potential changes or conflicts with scheduled speakers.
Submit speaker biography and topic outline to Director of Newsletter and Director of Public Relations for communication to the membership and the public.
Arrange for speaker gifts.