STARK RAVINGS
The Newsletter of the IMA Canton Chapter

February 2016

 http://canton.imanet.org

Jesse Allison, President
Cullen Bahler, Editor

In this issue:

This Month's Technical Sessions

Job Posting: Accounting Manager

Join Us at the 2016 IMA Conference in Las Vegas

IMA Takes a Stand on Diversity

Americans Will Focus on Health before Finances in the New Year

Webinar Schedule

IMA Technical Sessions

 

Connect with Us!

Do you have info to share with our chapter? Email it to news@cantonima.org.

If you wish a colleague to receive these announcements, send an email to news@cantonima.org and we will add them to our announcement list.

Please join Us!

February 16, 2016 > 5:00 - 8:00 pm
Skyland Pines, 3550 Columbus Rd NE, Canton, OH 44705 (directions)

Reservation Deadline: Thursday, February 11th

Pre-Dinner Technical Session (5:00 - 6:00 pm)
Ohio Fracking Boom: Making Overnight Millionaires and Revitalizing Our Economy
Presented by Andrew Smith, CPA

After-Dinner Technical Session (7:00 - 8:00 pm)
Goodwill: Retail Model and Growth
Presented by Ken Weber, CEO

click here for more information about the speakers

click here to register

Job Posting: Accounting Manager

Shearer’s Foods, LLC & Subsidiaries is seeking an Accounting Manager to work in their Massillon, Ohio facility. Key responsibilities include management of the Corporate Accounting department, oversight of the month-end close process, financial statement reporting and analysis, and assistance with the external audit processes. This position reports to the Director, Corporate Accounting. Must possess an accounting degree and CPA certification, minimum 6 years of accounting experience, auditing background with CPA firm preferred, strong knowledge of GAAP and proven ability to apply GAAP to manufacturing industry, and excel intermediate to advanced skills. EEO Employer Interested candidates should submit their resume at http://www.shearers.com/careers.

Join Us at the 2016 IMA Conference in Las Vegas from June 18-22


Register by March 31 and receive special Early Bird rates ...
up to $305 in savings!

Accelerate your learning with a program of more than 50 educational sessions covering a variety of topics including cybersecurity, ethics, revenue recognition changes, leadership, risk management, and more.

Keynote speaker will be Kevin Lacz, who will present "Risk vs. Reward: My Journey from Struggling Student to Navy SEAL and American Sniper Co-Star." With a rare combination of passion and humor, Lacz shares his journey from being a borderline college dropout to US Navy SEAL. He describes how the events of September 11th 2001 were a turning point in his life, prompting him to join the US Navy SEAL BUDs training program, which has an 85% dropout rate. Kevin inspires audiences with his transformation from struggling undergrad to honor student and college graduate following his eight years of service.

more info

IMA Takes a Stand on Diversity

Having a diverse pool of members, thoughts, and ideas is how organizations thrive. With the creation of a new Diversity and Inclusion Statement and a Diversity Thought Leadership Pipeline Committee, IMA® (Institute of Management Accountants) is proud to ensure that all members of diverse backgrounds and geographic locations will have representation throughout the organization to help provide critical input in the success of IMA.

IMA’s Diversity and Inclusion Statement says:

The global governance of IMA acknowledges and embraces the diversity of our membership and considers an inclusive atmosphere essential. Through the backgrounds and experiences of our global membership base, we gain perspective and insights that impact the strategic and operational direction of our organization. Our global diversity also provides new ideas and alternative perspectives that expand IMA's contribution to the profession.

IMA enjoys a very diverse membership. Diversity encompasses embracing the various backgrounds and celebrating the uniqueness of each culture within our membership. IMA appreciates that uniqueness and leverages it as an asset wherever possible.

To aid in this initiative, IMA’s Diversity Thought Leadership Pipeline Committee was established to create a community within IMA’s membership around diversity and inclusion topics, assist in identifying ways to strengthen volunteer engagement among underrepresented groups, and develop resources to increase the cultural competency of association professionals and staff.

“It starts with the tone from the top—looking at our board composition and seeing where the gaps are,” said Vicki Whitehead, chair of IMA’s Diversity Thought Leadership Pipeline Committee. “I’m happy to see IMA going in a direction that is important for its position as a global organization to recognize that we need diversity and inclusion as it relates to membership, products, and services. This effort will help shed more light on members that aren’t currently recognized for future leadership opportunities.”

The Committee has representation from each region and consists of the following 12 members:

• Vicki Whitehead, Chair
• Arber Ajeti
• Carlos Chavez
• David DiMare, CMA, CPA
• Hubert Glover, CMA, CPA, Ph.D., CIA, CRISC, (Committee consultant)
• Anjum Israr, CPA, CGMA
• Allan Mendels

• Paul Myers
• Mohammad Nurunnabi, Ph.D., FHEA, FRSA, FAIA,
• Jenice Prather – Kinsey, CPA, Ph.D.
• Sandra Richtermeyer, CMA, CPA, Ph.D.,
• Tashee Singleton
• Linda Devonish-Mills, CMA, CPA, CAE, staff liaison

In this foundational year, the Committee will look at internal processes including the nominations process, membership recruitment and retention, and identifying the factors to consider when developing new products and services. From there, the Committee will research best practices from other organizations and strategic partners and develop recommendations that can be presented to the Board in June, 2016. The Volunteer Leadership Committee, led by Chair-Emeritus Joe Vincent, CMA, has played a strong role in supporting this committee.

source

Americans Will Focus on Health before Finances in the New Year

In 2016, other than faith and family, Americans have their sights set on wellness above all else according to the 7th annual New Year’s Resolution Survey from Allianz Life Insurance Company of North America (Allianz Life®). Almost half (44%) of respondents reported their top focus for 2016 will be on health/wellness, with financial stability trailing at 29% of those surveyed. These focus areas came ahead of career/employment (13%), education (9%) and entertainment/leisure (5%).

Even though health/wellness topped the list of focus areas for respondents, when asked which New Year’s resolutions they are most likely to make and actually keep, health and finances ranked almost equally. Forty-three percent of those surveyed said they are most likely to make and keep their resolution of diet/exercise and 41% resolve to manage money better. And yet, nearly one in three respondents didn’t include financial planning in their resolutions because they “don’t make enough money to worry about it.”

“Regardless of income level, it’s imperative that people build a successful financial plan. Keep in mind that financial stability helps improve wellness overall,” said Allianz Life Vice President of Consumer Insights Katie Libbe. “We know from our research that financial health weighs heavily on people’s minds – stagnant wages were a top concern and one in three respondents reported they fear another major recession may happen in 2016. By taking the appropriate actions to secure their financial future, people can weather economic volatility and improve other areas of their lives.”

Receptive to Guidance

Aligning with their New Year’s resolutions, respondents are more open to getting help with their financial decisions despite the fact that their top focus is wellness. If given free access to professional guidance, more respondents chose a financial professional (37%) than a nutritionist/dietician (28%) or a personal trainer (23%). Additionally, in terms of taking action, respondents believe the top three things that could improve their finances in 2016 are building their savings for emergencies, paying off credit card debt and making a budget.

Conquering Bad Financial Habits

According to Libbe, improving finances often starts with identifying what may be amiss in a person’s current financial reality. Respondents in this year’s survey admit to having bad financial habits to overcome, namely issues with saving and spending, including:

• Spending too much money on things “I don’t need” (29%)
• Saving some money, “but not as much as I could” (28%)
• Not saving any money (26%) and
• Spending “more than I make” (19%)

“Similar to wellness in general, financial health can be significantly improved by making small, consistent changes,” concluded Libbe. “Eliminating or reducing your bad financial habits is a great starting point and can deliver big dividends over the long haul.”

source

Webinar Schedule

You will earn CMA and CPE credits when you attend any live webinar. Replay webinars are available in the archive but do not earn credits. Advance registration is recommended—IMA webinars are popular and fill up quickly.

ASC 606 – Using Change Management to Your Advantage
February 10, 2016
1:00-2:00 pm EDT

Register

Mentoring the IMA Way
February 16, 2016
1:00-2:00 pm EDT

Register

 

Mark Your Calendar:
Join Us at IMA Technical Sessions

2015-2016 tech sessions will occur as follows, alternating between n Skyland Pines and McCall’s, with hour long sessions beginning at 5:00 and 7:00 and dinner in between.

Skyland Pines
3550 Columbus Rd NE
Canton, OH 44705

• 02/16
• 04/19
 

McCall’s
130 Faircrest St SW
Canton, OH 44706

• 03/15
• 05/17 (Family)

Cost for dinner is $30 regardless of the location. Please look for invite emails with registration information prior to each meeting.

Schedule:

• Social/Networking at 4:45 pm

• Pre-Dinner Technical Session at 5:00

• Dinner at 6:00 pm

• Post-Dinner Technical Session at 7:00 pm

More info: http://canton.imanet.org

 


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info@cantonima.org


The mission of the Institute of Management Accountants (IMA) is to provide a forum for research, practice development, education, knowledge sharing, and the advocacy of the highest ethical and best business practices in management accounting and finance. Please join us as we promote this mission in the greater Canton, Ohio, area.


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