May 2019

Canton IMA

STARK RAVINGS
The Newsletter of the IMA Canton Chapter

 May 2019

http://canton.imanet.org

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 info@cantonima.org.

Canton Chapter of IMA May Meeting
Tuesday, May 21, 2019 | 5:00 pm - 7:30 pm


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

Registration Deadline: Friday, May 17th, 5:00 pm

Please click here to register

 Pre-Dinner Technical Session
 (5:00 - 6:00 pm):
 Ohio Chamber of Commerce - Opioid 
 Toolkit for Employers

 Presented by Jeffery A. Walters, CPA,
 JD, Managing Director, CBIZ MHM,
 LLC

Jeff Walters Jeff Walters is a 
 Managing Director of the
 Northeast Ohio offices of
 CBIZ MHM, LLC, one of
 the nation’s leading
 providers of accounting,
 tax, and business
 advisory services. His
 practice includes providing tax,
 consulting, merger & acquisition, 
 succession planning, and other business
 advisory services to closely-held
 businesses. Jeff has assisted numerous
 companies in seeking investment capital,
 tax incentives and financing
 alternatives. He has over 35 years of
 experience in working with
 entrepreneurial businesses including
 start-up, developmental stage, and
 growth companies.

 Jeff has taken leadership roles in a
 number of business and charitable
 organizations and is active in promoting   taxation and business issues through
 advocacy roles in organizations such as
 the Ohio Chamber of Commerce, Greater
 Akron Chamber, Greater Cleveland
 Partnership, and Ohio Small Business
 Council. He serves on the College of
 Business Advancement Council for the
 University of Akron and the Board of
 Directors for a number of organizations
 including the Ohio Chamber, Greater
 Akron Chamber and Stark State
 College. 

 Jeff received both his B.S. in Accounting
 and Masters in Taxation from the
 University of Akron and his Juris Doctor
 from the University of Akron School of
 Law. He is also a member of the Ohio
 Society of CPAs, Institute of
 Management Accountants, American
 Institute of CPAs, Ohio State Bar
 Association, and Akron Bar Association.

 

 Post-Dinner Technical Session
 (6:30 - 7:30):
 The Past, Present and Future of the 
 Canton IMA Chapter

 Presented by Jeff Walters, President,
 Canton IMA Chapter

IMA 100

 

 


 Jeff Walters
, 
President of the Canton 
 IMA Chapter, will lead a discussion of
 the past, present and future of the
 Canton IMA Chapter. 

 On January 24, 1961, nine members 
 from the Akron Chapter met for the first
 organizational meeting of the Canton
 Chapter. Glen Woodson, a Canton
 resident, was chosen chairman of the
 organizing committee. The organization
 was chartered at the National Board of
 Directors meeting on May 6, 1961. The
 official date of the Charter was June 1,
 1961, at which time there were 168
 charter members.

 By 1967, membership had grown to 292
 with representation extending well south
 of Canton. The interests and efforts to
 form a new chapter culminated in the
 issuance of a charter to the Ohio Mid-
 Eastern area on May 1, 1968.  After a
 number of prosperous years, the Ohio
 Mid-Eastern Chapter voted to reunite
 with the Canton Chapter effective June 
 1, 2014.


 The Canton Chapter has been rich with
 tradition and has won numerous awards
 over the years.  We have strong student
 chapters which include Ashland
 University, Malone University, Stark
 State College of Technology, University
 of Mount Union and Walsh University. 
 Our volunteer leadership has included
 names like Pat Sparks, a two time
 Chapter President and Laura Weisgarber,
 a three time Chapter President. 

 Even though the Chapter continues to
 attract over 100 members, we will need
 to consider whether the time has come
 to merge back into the Akron Chapter. 
 Just as the Ohio Mid-Eastern Chapter
 decided in 2014 that consolidating 
 provided the best opportunity to
 leverage the time, talent and creativity
 of our IMA volunteers, we will have a
 discussion of whether the same logic
 applies for the Canton Chapter at this
 time.  All members are invited to attend
 this meeting for an important discussion
 of the past, present and future of the
 Canton IMA Chapter.

 

 Strategic Finance
 Digital Leadership for Management Accountants

 By Kristine Brands, CMA

 Leadership in the Digital Age involves preparing your organization for all the changes ahead.

 While management accountants don’t need to be technical experts, they must be able to
 look into the crystal ball and evaluate current and emerging technical trends that affect
 their organizations. As IMA® (Institute of Management Accountants) President and CEO
 Jeff Thomson notes, “It is a transformative time in our profession. 

 Robotics, automation, artificial intelligence, and data analytics are not passing trends.
 Every business professional must pivot towards technology.” With this knowledge, they
 must step up and provide accounting technical leadership in their organizations.
 Navigating the new order of technology and accounting requires a fresh strategic
 approach for management accountants to meet this critical organizational leadership
 need. 

 In many companies, the accounting and IT departments operate as siloed organizations. It’s typical for management
 accountants to perform their accounting duties while the IT department is responsible for maintaining accounting software
 and hardware to facilitate and support those activities. Communication between the two groups may be limited. Accountants
 may dismiss involvement with technology issues because they don’t understand them and take an “out of sight, out of mind”
 attitude. This could result in serious consequences: Ignorance is not bliss.

 TAKE THE LEAD, FIND A WINGMAN

The risk is that management accountants will end up uninformed about decisions being made for the organization. Don’t fall into this trap. Understanding technology and managing and monitoring it are different from inventing technology. Management accountants can lead technology implementations by serving as project managers and participating on cross-functional accounting/IT teams. The more you participate in technology activities and projects, the more you learn that will benefit future projects. It’s a two-way street: The IT group learns about ac­counting and finance, and the accounting and finance group learns about IT. 
This benefits the company with better information and insight. 

 Technical leadership is a daunting prospect for management accountants who have spent their careers focused primarily on 
 accounting and not on technology. As the use of IT tools and automation grows, failure to leverage technology will handicap
 organizations’ process efficiency and data analytics capability. Ideally, management accountants should retool their skills to
 master technology, but that may not be possible in the short run.  

 Consider finding a technical wingman to support your efforts. The classic 1980s movieTop Gun popularized the term 
 “wingman,” the aviator charged with keeping the lead pilot safe during a mission. The lead pilots for an organization’s
 accounting and finance function are CFOs, controllers, and management accountants. As you develop technical skills, create a
 team that complements your skills, and surround yourself with wingmen and wingwomen who can help educate you about
 technology, assess the impact of technology on your operation, help you make informed decisions, and support your technical
 leadership.

 This is an abstract. To read the entire article, please click here: https://sfmagazine.com/post-entry/may-2019-digital-leadership-for-management-accountants/

 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 
 members.

 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.

 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

 The New Role of Automation in 
 Accounts Payable for 2019 and
 Beyond

 Inside Talk
 May 08, 2019 
 01:00 PM - 02:00 PM

 Linking Business Strategies to
 Functional Execution with the
 Hoshin Kanri Method

 Strategic Management
 May 13, 2019 
 01:00 PM - 02:00 PM

 Maximize Accounting & Finance
 Resources for Finance
 Transformation Projects

 Inside Talk
 May 15, 2019 
 01:00 PM - 02:00 PM

 Boost Efficiency and Productivity
 with Robotic Process Automation

 Inside Talk
 May 29, 2019 
 01:00 PM - 02:00 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 remaining meeting date before our summer break is as follows:

  • May 21, 2019

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

 Schedule:

  • 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.
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.