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CALUMET ACCOUNTANT The Official Publication of the Calumet Chapter IMA –081 Hammond Serving Northwest Indiana and the South Chicago Suburbs
VOLUME 67 ISSUE 12 MAY 2012
this issue
President’s Message 2
Board of Directors 3-4
Webinar: Transformational Leadership 5
Personal Development 6-8
Upcoming Events 9 - 10
The IMA and the CMA 11-15
Dear Friends:
I abhor change. However, it seems that the only thing that is constant is change. At this
time of year many things are changing. Spring brings a renewal to the world: soon school
will be through and some will graduate and move from classroom to careers or from high
school to college. As Leo Tolstoy once wrote: "Spring is the time of plans and projects." I
just changed the calendar today and could not believe it is already May. I also can not be-
lieve that on Tuesday, May 15, 2012 we will have our final technical meeting of the 2011-
2012 chapter year. As our tradition dictates we welcome spouses and guests at this meet-
ing. The Calumet Chapter is very pleased to have Chuck Carlson who has spoken to the
Chapter a couple times in the past. The first time Chuck Carlson spoke was at my first
meeting as President of the Calumet Chapter in September of 2008. Some of you may re-
member Northwest Indiana was flooded and a few people were able to make it out to
Theo’s. Now four years later we will try the same venue with Chuck Carlson and hopefully
this time, without the extra water.
As many of you know during the summer, the board works to bring you the best technical programs that we can and frequently, I ask you to provide your suggestions or volunteer to speak. This year we are bringing some excitement to the Chapter Year End Finale and are asking you, our valued member, to suggest a speaker for the upcoming year. We are having a drawing on the suggestions and if yours is chosen, you are going to win a $25.00 gift card to TGI Fridays. Entries can be made that night or before by emailing me at [email protected]. I need the name and contact information of your suggestion. You can suggest as many speakers as you wish and you can even suggest yourself. The winner does not need to be present. As we conclude this chapter year, I wish to thank all of you for your support and hope that
you will continue to help us spread the word about the Calumet Chapter of the IMA.
Hope to see you at the Chapter Year End Finale Tuesday May 15, 2012.
Regards,
Mark T. Camarena, CMA
President, Calumet Chapter IMA
Visit us online at http://www.imacalumet.com
Message from Mark T. Camarena, President
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 me-dia
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
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 [email protected] or Richard Mielcarz at [email protected] for further information.
Calumet Chapter IMA
http://www.imacalumet.com
IMA Calumet
Institute of Management
Accountants-Calumet
Chapter
Officers and Directors 2011—2012
Mark T. Camarena - President 630-530-6707 (w) [email protected] Jim Spice - Secretary 815-933-0491 (w) [email protected] Deb Heim - Treasurer 630-378-6308(w) debra.heim@patterson_medical.com Adolph Ferber - Vice President of Administration 219-322-5848 (h) [email protected] Richard Mielcarz Vice President of Communications and New Member Chair 708-799-6234 (h) [email protected] Bill Biller - Vice President of Professional Education 219-765-3587 (h) [email protected] Anthony Fontana Vice President of Membership Retention 708-534-5000 ext 5494 (w) [email protected] Wes Christensen - Corporate and Academic Development 708-687-9087 [email protected]
Yolanda Peoples - Director of Member Participation
Al Zurawski Director of Employment and Chapter Photogra-
pher 219-477-4488 ext 222 (w) [email protected]
Warren Cebulko - Director of Program Rosters 312-808-3890 (w) [email protected] Dr. Heikki Heino - Director of Manuscripts 708-367-0034 (w) [email protected] Brian Guse - Director At Large 219-362-1531(w) [email protected] Kyle Jones - Director Of Public Relations 219-616-6606 [email protected] John Kitzmiller - Newsletter Director 708-923-0558 [email protected] Adam O’Hare - Associate Director, Membership Growth and Retention, [email protected] Alan Arendt - Assistant Treasurer
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.
Abstract Circuit board, Simon Osborne www.threadless.com
Our Sincere Condolences in the passing of Mr. Wade Robinson
WADE ROBINSON - April 26th 1925 - March 12 2012
He was born April 16, 1925 in McCook, Nebraska to Charles and
Dorothy (Osman) Hossack. Wade is survived by his wife Mabel
(Shoop) Robinson; daughter, Judy Robinson; sons Scott Robinson,
Randy Robinson; brother, Robert Robinson; daughter-in-law Lois
Robinson; six grandchildren, Carly, Jeremy, Scotty, Nicole, Kristen,
and Sarah. He is preceded in death by his parents and daughter,
Sandra Robinson. A memorial service will be held at Faith United
Protestant Church in Park Forest, Illinois on March 24th at 2:00
p.m. Memorial contributions may be made to Faith United Protes-
tant Church Endownment Fund.
Transformational Leader-
ship
Date: Tuesday, May 15, 2012
1:00 PM Eastern Daylight
Time
CPE Credit: 1 hr
Price: Free Field of Study: Business Man-agement and Organization Research Area of Practice: Business Performance Man-agement Program Level: Intermediate Program Prerequisites: None Instructional Method: Group- Internet Advance Preparation: none Offered by the IMA - www.imanet.org
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 author-ity 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 site:www.nasba.org
Webinar: How to Be a Transformational Financial Executive
Companies are becoming increasingly adept launching incremental improvement efforts, but they continue to struggle with large scale change. Given the current and anticipated future business environment, many organizations will likely be faced with executing large scale – and even transformational – change. In addition, there ap-pears to be a trend to have the CFO become accountable for IT as CIOs are increas-ingly reporting to the CFO. It is because of these trends that CFOs and senior IT ex-ecutives need to become adept at leading or at least being part of the core team in launching and successfully executing large scale change. Please join us as we dive deep into leading transformational change through in-depth real life stories of how it has been done. Andrew Spanyi has found that few financial executives do so successfully even though most have a vested role in strategic plan-ning and also determine what the organization measures and monitors. Learning Objectives: After this webinar, attendees will be able to: 1. Understand the fundamental values and beliefs that a financial executive needs
to embrace to succeed with transformation.
2. Identify the obstacles that are typically faced, and how can these be overcome.
3. Describe best practices for a financial executive to use to play a leading role in transformational change.
4. Compare the experience of three organizations where the financial executive played a key role in large scale change.
Offered by the IMA, go to: http://tinyurl.com/7yy8lma for further details.
Goals Will Lead to Success by Melissa Leonard, CMA Product Manager
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 [email protected] with your comments..
Melissa Leonard Gleim Publications, Inc.
Chapter Coordinator 4201 NW 95th Blvd. , Gainesville, FL 32606
[email protected] 800.847.5346 ext. 131 (ph) / 352.375.6940 (fx)
One of the most common mistakes I find when candidates prepare for the CMA exam is not setting specific goals. Having a goal when you plan to prepare for and pass the CMA exam is a key factor to your suc-cess. I think this is summed up best by American author and motivational speaker Earl Nightingale, who said, "People with goals succeed because they know where they're going." Ultimately, your goal should be to pass the CMA exam as quickly as possible. When you delay taking the exam, you delay taking advantage of the benefits that certification provides. To combat this problem, it is ex-tremely important to register for and schedule exams early. Scheduling early es-tablishes your finish line. If you are studying with the mindset that you will take the exam at some vague future time, it opens the door to procrastination. On the other hand, a firm date set in advance enables you to work each day to be ready to pass the exam on the date you established. When planning for your next exam part, map out a calendar of what you will need to study each week leading up to the de-sired exam date. For example, if you wish to take Part 1 of the CMA exam in the next couple of months, create a study schedule and decide what will be a suitable date. Make sure the date you have in mind falls during one of the 3 testing windows (January/February, May/June, September/October). When you use the Gleim Review System you have access to a Personal Coun-selor who can help you create your study
plan and meet your exam goals. Immedi-ately registering for and scheduling your exam well in advance 1) allows you to have a date that is convenient for you and 2) provides you with a finish line that forces you to plan and focus even during the times of year when you can be easily distracted. Keep in mind, that it is important to care-fully schedule your exam. This is why you must create a schedule and identify the most convenient date for you. Candidates who cancel or reschedule their exam test-ing date within 30 days of their scheduled appointment will be charged a $50 fee, payable to Prometric. In conclusion, if you are studying for a part and have not yet scheduled an exam date or you are thinking about studying for a part, use the Gleim CMA Review System and work with your Personal Counselor to create a study plan together. Once the study plan is complete, you should immedi-ately schedule your exam date. Much of the battle of getting through the CMA exam is keeping yourself focused on completing each part. By scheduling early, you set the goal to commit to studying regularly and to pass the exam.
Share your success! I would like to hear how you passed the CMA exam. Email Melissa Leonard, your Chapter C o o r d i n a t o r a t i m a c h a p [email protected] with your questions and feedback. Gleim is committed to helping you ac-
complish 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 pro-
vide 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
[email protected] to take
advantage of the offer or if you have
any questions.
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 Coun-
selor 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 materi-
als, as well as Gleim CPE, including the new ethics course. Contact Melissa Leonard
at [email protected] or call 1-800-874-5346 x 131 for further information.
www.imacalumet.com
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 Face-
book at IMA Calumet and on LinkedIn at Institute of Management Accountants—Calumet Chapter.
STOCK MARKET OUTLOOK
6:30 PM, TUESDAY MAY 15, 2012
$15 Students, $30 Members and Guests
Please consider joining us as we host chuck Carlson, CEO of Horizon Investment
Services. This event will be held at Theo’s Restaurant at 9144 Indianapolis
Blvd in Highland Indiana. Networking and registration begins at 6 pm, dinner
and presentation at 6:30, and we finish at 9 pm. RSVP to
[email protected] or use the QR code to the left on your smart phone and
fill out your contact information with RSVP 0515 in the comment area. A map
to the event can be found on our website under Event Calendar. All are wel-
come, if you are a student, member, prospective member, or have an interest,
please join us.
CHUCK CARLSON CEO HORIZON INVESTMENT SERVICES
Chuck. Carlson, CFA, is CEO of Horizon Investment Services LLC, an investment advisory and money-management company. He is also CEO of Horizon Publishing, a publisher of investment newsletters. Horizon's flagship publication, Dow Theory Forecasts, has been published weekly since 1946 and is one of the oldest investment newsletters in the country. Carlson is a best-selling author and is regularly quoted in the Wall Street Journal, Barron's, and Money magazine, and is a frequent guest on CNBC, Bloomberg TV and radio, and CNN.
*****SPECIAL OFFER******
The Calumet Chapter is always looking for input and this year for the Chapter finale a $25.00 gift card to TGI Fridays will be given away. To enter the drawing for the Gift Card please provide the contact information (name, topic, telephone number, and or e-mail) of a speaker you rec-ommend for the 2012-2013 tax year. There is no limit to the number of speakers you can sug-gest and you can suggest yourself. If you can not attend the meeting e-mail this information by Monday May 14, 2012 to this address and we will put your name in the drawing. If you win the gift card will be mailed to you. There will be a winner so get out your roledex, check your cell phone, remember some of the meetings you attended and bring that info to the meeting or e-mail it [email protected]
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 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.
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 organiza-tions. 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 profes-sional 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: [email protected] or Wes Christensen - Corporate and Aca-demic Development, 708-687-9087, epost: [email protected].
CMA:
The Essential
Credential
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 [email protected] 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 pro-file. 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
http://www.youtube.com/user/LinkUpIMA
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.
