April 2019

Canton IMA


The Newsletter of the IMA Canton Chapter

April 2019


Jeff Walters, President
Cullen Bahler, Editor

 In This Issue:

 This Month's Technical Sessions
 Strategic Finance
 Webinar Schedule
 Upcoming IMA Technical Sessions

 Connect with Us!

 Do you have info to share with our 
 chapter? Email it to:

 Canton Chapter of IMA April Meeting
 Tuesday, April 16, 2019 | 5:00 pm - 7:30 pm

Kozmo's Grille: 37 1st St SW, Massillon, OH 44647 (directions)

Registration Deadline: Friday, April 12th, 5:00 pm

Please click here to register

 Pre-Dinner Technical Session
 (5:00 - 6:00 pm):
 Evolving Management

 Presented by Daniel Hatcher, Plant 
 Manager, Case Farms

Case Farms Daniel
 the Plant
 Manager at
 Case Farms. 
 Case Farms was founded by Thomas R.
 Shelton in December 1986. After gaining
 over 23 years of management experience
 in the poultry industry, Mr. Shelton
 realized a goal of owning a company by
 purchasing a small family-owned poultry
 operation in Ohio.

 The Company was called Case Egg & 
 Poultry and included a processing plant in
 Winesburg, Ohio, a hatchery in Strasburg,
 Ohio, and a food distribution facility in
 Akron, Ohio. In its first year of operation,
 Case Farms processed 135,000 chickens
 per week, had 140 team members, and
 produced 22 million pounds of poultry
 products. Since 1987, the facilities have
 been upgraded and expanded and today
 processes 425,000 chickens per week,
 have 550 team members, and produce in
 excess of 150 million pounds of
 production per year.

 In February 2012, the Company acquired
 the Canton Division from Park Farms. The
 facilities include a 96,176 square foot 
 processing plant and a 50,908 square foot
 cooler/freezer facility built in multiple
 stages from 1956 - 1989 located on 15.3
 acres, and a 26,066 square foot poultry
 hatchery built in 1990 located on 8.98
 acres in Canton. Since the acquisition, the
 facilities have been upgraded and today
 process 840,000 small chickens per week,
 have 500 team members, and produce in
 excess of 125,000,000 pounds of
 production per year.

 Today, Case Farms processes 3.3 million
 birds per week, has over 3200 dedicated
 team members, and produces in excess of
 1.0 billion pounds of fresh, partially 
 cooked, and frozen-for-export poultry
 products per year.


 Post-Dinner Technical Session
 (6:30 - 7:30):
 The Challenges and Rewards in the 
 Poultry Industry

 Presented by Dick Courtney

Dick Courtney Dick Courtney
 started his career
 as a cost
 accountant with
 the U.S. Stoneware
 division of Norton
 Co and worked as
 the plant accountant in various plants and
 warehouses in northeast Ohio. He moved
 on to Diebold where he had a 32 year
 career working in financial analysis, 
 in planning and budgeting and as a
 system administrator for the global
 consolidated accounting and reporting
 system. Dick joined the Case Farms team
 in July 2010 and worked with the live
 production until his recent retirement.

 Dick graduated cum laude from Kent
 State University in 1972 with a Bachelor
 of Business Administration majoring in
 Accounting and again in 1974 with a MBA
 having a concentration in taxes. At KSU,
 he attended the Honors College and was
 inducted into Beta Alpha Psi the National
 Accounting Honorary and into Beta
 Gamma Sigma the National Business 

 Married 49 years, Dick and his wife, 
 Kathie, live on a farm outside Beach City
 where they raise beef cattle and meat
 goats. They have four grown children and
 their spouses and seven grandchildren.
 Dick is active in the Boy Scouts, the DN
 Community Federal Credit Union, the East
 Central Ohio Foresters Association and
 the Eastern Ohio Grazing Council.


 Strategic Finance
 Security Breaches: Are You Ready?

 By Sean Hare, CAE, CGEIT

 How leaders plan for and respond to a cybersecurity breach can make or break the company's reputation.

Cybersecurity Cybersecurity is the application of tools and techniques to protect the availability, integrity, and
 confidentiality of an organization's information. It emphasizes multiple layers of safeguards and
 controls using both technology and protocols to ensure a reasonable defense against attacks and
 avoid an actual breach from occurring. Even with valiant defensive efforts, the number of
 cyberattacks is skyrocketing in all forms. Considering the material and financial gains, attacks
 will continue to escalate.

 Cybercriminals don't have to fool everyone or find every network vulnerability. They just need to
 fool one person or find one access point. If you're compromised, you face the loss of your customers' personal information,
 and, in the age of individual privacy rights, you may lose their trust and damage your company's reputation. With so much 
 at risk, will your organization be ready when a breach does occur?

 It's a simple question to ask, but if your organization isn't prepared in advance to deal with a breach, it will probably fail in its
 response. The impact can be monumental and crippling to both brand and reputation. You need to have a plan with a 
 selected team that can respond in minutes so that the threat can be appropriately managed to a successful resolution. The
 fiduciary, legal, and regulatory responsibilities go beyond combating the intrusion and controlling the damage.

 The first 24 hours after a breach are the most critical. Actions need to be taken immediately once the breach is discovered so
 that the damage can be contained. Global regulations require notice to regulators and those affected within 72 hours of

 This is an abstract. To read the entire article, please click here.

 IMA Webinars

 The IMA webinar program enhances your
 career by bringing you the latest thought
 leadership and developments in the 
 profession. IMA conducts more than 50
 webinars every year at no cost to our 

 Attending any live webinar qualifies for   1 to 1.5 hours of NASBA CPE credit(s).
 Webinars may be replayed from the
 archives but these viewings do not earn
 credits. Advance registration is strongly
 recommended — The IMA webinars are 
 extremely popular and fill up quickly.

 The Future of Accounting Is Now
 Inside Talk
 April 10, 2019 
 01:00 PM - 02:00 PM

 The CMA Exam: Test-Taking Tips & 

 Leadership Academy
 April 16, 2019
 10:00 AM - 11:00 AM

 Taming the T&E Beast: Visibility, 
 Benchmarking, and Control

 Inside Talk
 April 17, 2019 
 01:00 PM - 02:00 PM

 Best Practices for ASC 842 Lease
 Accounting: What Controllers and 
 CFOs Need to Know

 Inside Talk
 April 24, 2019 
 01:00 PM - 02:00 PM 

 How to Prepare for a Successful 
 System Implementation

 Inside Talk
 May 01, 2019 
 01:00 PM - 02:00 PM

 Facilitation Skills
 Leadership Academy
 May 07, 2019
 01:00 PM - 02:30 PM

Register for Any Webinar

 Join Us at IMA Technical Sessions

 2019 tech sessions will be held at Kozmo's Grille with any exceptions noted below.

 Each meeting consists of two technical sessions, each of which is one hour in
 length. The first session begins at 5:00 pm and the second session begins at 6:30 
 pm and dinner will take place between the sessions.

 The meeting dates are as follows:

  • April 16, 2019
  • May 21, 2019

 The cost for dinner is $30 for members/guests and $15 for students. Please look for  invitation emails with registration information prior to each meeting.


  • Social/Networking at 4:45 pm
  • Pre-Dinner Technical Session at 5:00 pm
  • Dinner at 6:00 pm
  • Post-Dinner Technical Session at 6:30 pm

© 2010-2019 Institute of Management Accountants - Canton Ohio Chapter # 155. All rights reserved.

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.