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The Bottom Line
News from the South Central Indiana
IMA Chapter
April 2008
Volume 13 Issue 11
http://southcentralindiana.imanet.org/index.html
Table of Contents
President’s Message ................................................................................................................................3
IMA’s 89th Annual Conference & Exposition .....................................................................4
2008-09 BOARD MEMBERS...................................................................................................................6
DID YOU KNOW? ..............................................................................................................................................6
Program and Roster ................................................................................................................................6
IMA Technical Luncheon Dates .......................................................................................................7
Speaker Bio ........................................................................................................................................................7
Thank You! ..........................................................................................................................................................7
CPE and FMN Opportunities ..............................................................................................................8
Coaching on CMA Exam ...........................................................................................................................9
Volunteer Activities................................................................................................................................9
Certified Management Accountant ........................................................................................ 14
CMA Self-Study Group .......................................................................................................................... 15
2
President’s Message
In a previous President’s
message I alluded to the use
of humor in the workplace.
Over the course of this year
I’ve located some funny
quotes that I can share.
Although some of these are
just plain funny, others have a
hidden meaning, and you can
see that they poke fun in
many cases at a variety of
aspects of our profession.
This should serve notice to us
to communicate with others in plain language, advance the ethical status of our profession, and
attempt to avoid technical jargon as we present ourselves.
What is the definition of an accountant?
Someone who solves a problem you did not know you had in a way you don't understand.
What is the definition of a good tax accountant?
Someone who has a loophole named after him.
What do accountants suffer from that ordinary people don't?
Depreciation.
There are just three types of accountants: those who can count and those who can't.
And then there’s the story about the talking frog and the accountant…
A man was crossing a road one day when a frog called out to him and said, "If you kiss me, I'll
turn into a beautiful princess." He bent over, picked up the frog, and put it in his pocket.
The frog spoke up again and said, "If you kiss me and turn me back into a beautiful princess, I
will tell everyone how smart and brave you are and how you are my hero." The man took the
frog out of his pocket, smiled at it, and returned it to his pocket.
The frog spoke up again and said, "If you kiss me and turn me back into a beautiful princess, I
will be your girlfriend for an entire week."
Finally, the frog asked, "What is the matter? I've told you that I'm a beautiful princess, that I'll tell
you how brave you are, and even be your girlfriend. Why won't you kiss me?"
The man said, "Look, I'm an accountant. I don't have time for a girlfriend, but a talking frog is
cool!
Take the opportunity to shift the image of our profession by dispelling the stereotypes and
creating a new paradigm for the accountant. Just be sure to keep your sense of humor along
the way.
Dave
3
IMA’s 89th Annual Conference &
Exposition
June 14-18, 2008
Tampa Convention Center
Tampa, FL
Advance your knowledge and skills through four days of educational sessions,
experienced presenters, workshops and valuable networking. Attend IMA’s 89th
Annual Conference & Exposition and be the one to ensure responsible decision
support, planning and control within your organization.
The following individuals have been invited to speak:
Julie Gilbert, CPA, SVP, Winning with Woman/WOLF, Learning and Innovation,
Best Buy
Conrad Hewitt, Chief Accountant, U.S. Securities and Exchange Commission
David Hirschmann, Senior Vice President, U.S. Chamber of Commerce
Dr. Robert S. Kaplan, Baker Foundation Professor, Harvard Business School
Christina Kite, Vice President, Workplace Resources and Global Risk
Management, Cisco
Leslie Seidman, CPA, Board Member, F.A.S.B.
Tim Solso, Chairman & CEO, Cummins Inc.
Thomas Sullivan, Chief Counsel, Office of Advocacy, U.S. Small Business
Administration
Visit the IMA website at www.imanet.org.
Follow this link to view the complete conference brochure:
http://www.imaconference.org/pdf/ima08_brochure.pdf
IF YOU HAVE NEVER ATTENDED AN IMA ANNUAL CONFERENCE
AND WANT MORE INFORMATION, PLEASE CONTACT GINGER
WHITE (812-377-8839) OR RON LUTHER (812-377-3409).
4
YOUR 2008-2009 CHAPTER
LEADERSHIP TEAM
The following individuals have volunteered to serve on the South Central Indiana IMA
chapter Board of Directors beginning June 1 for the 2008-2009 chapter year. BUT,
more volunteers are needed. If you would like to join this team, contact Brad or Ron.
2008-2009 IMA - SOUTH CENTRAL INDIANA BOARD OF DIRECTORS
CO-PRESIDENT Brad Hamilton
Ron Luther
VP OF ADMIN & SECRETARY (PRESIDENT-ELECT) R J Wilson
TREASURER Aaron Kaluf
DIRECTOR OF SPECIAL PROJECTS Brad Hamilton
DIRECTOR OF EMPLOYMENT Scott Chitwood
CO-DIRECTOR OF MEETINGS & ATTENDANCE Chris Shoultz
Kathy Wang
VP OF COMMUNICATIONS Adam Schumm
DIRECTOR OF PUBLIC RELATIONS Patrick Porter
DIRECTOR OF NEWSLETTER Liz Wooten
DIRECTOR OF PROGRAM BOOK Angela Meyer
DIRECTOR OF COMMUNITY SERVICES Cheng Zheng
WEBMASTER Dave Rosenberger
VP OF EDUCATION Ann Reid
CO-DIRECTOR OF TECHNICAL PROGRAMS Teresa Hattabaugh
Jeanette Marsh
DIRECTOR OF MANUSCRIPT Ginger White
DIRECTOR OF STUDENT ACTIVITIES Cara Crosby
DIRECTOR OF PROFESSIONAL DEVELOPMENT Warittha Thiragirayuta
DIRECTOR OF CMA PROGRAM Chad Mobley
VP OF MEMBERSHIP Shauna Lynn
DIRECTOR OF MEMBER ACQUISITION Anu Arora
DIRECTOR OF RETENTION AND MEMBERSHIP Lea Cain
5
2008-09 BOARD MEMBERS
MARK YOUR CALENDARS!
The Lincoln Trail Regional Council will be hosting its annual Leadership Training
Seminar for the benefit of the IMA chapters' board of directors on Saturday morning,
May 17. This year's seminar will be hosted by the South Central Indiana chapter. The
locations is the Cummins Corporate Office Building, room C201 above the cafeteria.
The time is from 9:00 to 1:00. There will be a general leadership training session where
you will earn two hours of CPE. Then there will be time to learn more about your IMA
chapter responsibilities as well as interact with representatives from other IMA chapters
in Indiana and Kentucky. More details will follow - but MARK YOUR CALENDARS now.
DID YOU KNOW?
The IMA is now publishing bimonthly newsletters for students and academics (Campus
Connection), young professionals (Career Connection), and CMAs (CMA Connection).
All newsletters are available on the IMA website.
https://www.imanet.org/member_publications.asp
Your Username is your IMA membership number. The Password is last name.
Featured in the current issue of Campus Connection is chapter member Cheng Zheng.
Finding Your Summer Internship tells of Cheng's internship experience at Cummins,
Inc. Take a look!
Program and Roster
Your 2007-2008 South Central Indiana Program and Roster is now available. You
can access it on our South Central Indiana chapter website - thanks to Ann Reid.
http://southcentralindiana.imanet.org/newsletter.htm
If you wish to have a hard copy delivered to you, contact Ron Luther
(ron.d.luther@cummins.com or 812-377-3409).
6
IMA Technical Luncheon Dates
All IMA Technical Luncheons are on Thursdays on the following dates for 2007-2008
and will take place at the Holiday Inn in Columbus. Please make sure you RSVP to
the luncheon notices sent by the call captains.
May 15, 2008 – G. Richard French – Balanced Scorecard
Speaker Bio
Date: May 15, 2008
Speaker: G. Richard French, PhD, CPA
Location: Holiday Inn - Columbus
Topic: Balanced Scorecard
Rick French has been a Professor of Accounting since 1987 and the Coordinator of
Accounting and Business Law since 2000 at Indiana University Southeast (IUS) School
of Business. He regularly teaches graduate and undergraduate managerial accounting
classes. He has been actively involved in the Institute of Management Accountants
since the early 1990s. In 2002-2003 he served as President of the Louisville Chapter of
the IMA, and in 2006-2007 was Secretary of the Lincoln Trail Council of the IMA. Rick
is active in several professional and academic groups, including the IMA, AAA, AICPA,
FEI, and KSCPA. He frequently presents academic and professional topics to a variety
of professional and academic groups, and has published articles in several professional
and academic journals including the Journal of Cost Management, Ohio CPA Journal,
Hospital Topics, and Journal of Teaching and Learning.
Thank You!
I would like to take this opportunity to say THANK YOU to all the IMA members that
volunteered their time to help in the AARP-VITA tax preparation. I will have the totals of
how many were prepared next issue. With the new Stimulus payment we had more to
prepare than usual, but each and every volunteer is greatly appreciated.
Doris Bedell
7
CPE and FMN Opportunities
Earn one (1) CPE hour each month by attending the monthly 2007-2008 technical
luncheons. All IMA Technical luncheons are at 11:45 AM – 1:00 PM. See IMA
Technical Luncheon section for dates.
FMN Sessions held monthly from 10:00 AM – 2:00 PM at the Cummins Corporate
Office Building in Conference room 201. You can earn up to four (4) CPE credits
monthly by attending those sessions. Anu Arora is the 2007-08 Director of
Professional Development and can be contacted at 812-377-3408 or
anu.arora@cummins.com. Specific topics will be forthcoming closer to each
session.
Tues. May 20, 2008 Tues. Sept 16, 2008
Tues. Jun 17, 2008 Tues. Oct 21, 2008
Tues. Jul 22, 2008 Tues. Nov 18, 2008
Tues. Aug 19, 2008 Tues. Dec 9, 2008
Irwin Union Bank and Irwin Financial Management schedule similar sessions each
month, with the opportunity to earn 2 CPE credits. These sessions are held on the 2nd
floor of Irwin Union Bank at 500 Washington Street in Columbus. If you are interested
in attending these sessions, please contact Nancy Seelye at 812-379-7611 or
Nancy.Seelye@irwinunion.com a week prior to the scheduled session.
Thurs., May 22 – 11:45 am – 1:30 pm
Thurs., Jun 26 – 11:45 am – 1:30 pm
Thurs., Jul 27 – 11:45 am – 1:30 pm
Thurs., Aug 28 – 11:45 am – 1:30 pm
Thurs., Sep 25 – 11:45 am – 1:30 pm
Thurs., Oct 23 – 11:45 am – 1:30 pm
TBD, Nov – TBD
Please register to attend and share it with your chapter members and others who may
be interested in attending. We have a convenient new location this year, a great panel
of speakers, and new topics. We hope you can all join us for 8-hours of CPE and
networking opportunities. Registration Form on South Central Indiana website.
8
Coaching on CMA Exam
IMA Members - There is a member of our local IMA chapter looking for coaching on the
CMA exam.
These are the areas of focus:
1. Liquidity, Capital Structure, Solvency
2. Return on Investment, Profitability, Earnings
3. Accounting standards, Internal Control, Systems Control
4. Some help needed in economics
If you would be available to help in these areas or can suggest resources that you have
found helpful, please contact Ru Hungwe at ru.hungwe@cummins.com or (812) 377-
8094.
Volunteer Activities
VOLUNT EER ACT I ON CENT ER
MAY 2008 VOLUNTEER OPPORTUNITIES
IN BARTHOLOMEW COUNTY
MAY 2008 VOLUNTEER OPPORTUNITIES
IN BARTHOLOMEW COUNTY
Caring Parents is looking for home visitors. Home
visitors help families with new babies grow together in
healthy ways. This is a great opportunity for empty-
nesters. Grandparents and other who want to share their
experience. Training classes for 2008 are scheduled for
May 5th and 12th, August 25th and 26th, and November
10th and 12th. Visits are arranged according to volunteer’s and parent’s mutual
schedules. Must be 21 or older and have own transportation. Previous education or
experience with child development helpful. Bi-lingual volunteers welcome. If interested
or need more information please call 812-375-6748
9
Clifty Creek Watershed Project is looking for someone to wade
into Clifty Creek and analyze the quality of the water on the first
Sunday of the month. Log in to see details. www.cliftycreek.org
VOLUNTEERS IN MEDICINE has the following volunteer
opportunities.
Please contact Susan Binder at 812-376-9750 ext. 113
ELIGIBILITY INTERVIEWER
The primary role of the Volunteer Eligibility Interviewer is to gather
information on (potentially) new and current patients to determine if
the clinic is the appropriate place to receive services. At each office
visit, this person will review documentation furnished to determine
that patient maintains current records.
FRONT DESK RECEPTIONIST
The primary role of the Volunteer Front Desk Receptionist is to greet and assist all
persons entering the clinic, prepare charts for scheduled visits and to provide back-up
for incoming telephone calls including "medication order" requests. This person must be
able to explain the process required for one to establish as a new patient.
VOLUNTEER OFFICE ASSISTANT
The primary role of the Volunteer Office Assistant is to serve as back-up to the Front
Desk Receptionist and Scheduler. This person will take "medication order" requests
over the telephone, pull and/or file charts as needed, and deliver messages to office
staff. Some basic computer work. Locating misplaced records possible.
VOLUNTEER RNS AND LPNS
Will do vital signs at patient intake, basic nursing history and assessment, physical
exam prep, and basic testing (i.e. blood sugar, H & H, pregnancy, urinalysis, etc.)
Please contact Diana Middendorff at 812-376-9750 ext. 106 for more information.
VOLUNTEER SCHEDULER
The primary role of the Volunteer Scheduler is to assure that patients are appropriately
documented for needed appointments and to be first response to all incoming telephone
calls, including "medication order" requests. This person will also call the following day's
scheduled patients to remind them of their appointments. Must be able to explain the
process for one to establish as a new patient. Filing and pulling records may be
required.
10
Connected Community Partnership is looking for
volunteers to fill the following positions.
Login to see details. http://www.techreconnect.com
TECHNICAL LEAD
The Technical Lead defines technical tasks and takes the lead
in completing necessary work to advance CCP programs. In
some cases, the Technical Lead will perform the tasks, and in
others, he/she may recruit experts in the field to assist.
EDUCATIONAL PROGRAM LEADER
The Educational Program Leader designs, or reviews, selects and recommends
curriculum, organizes all materials, and coordinates the activities of volunteer “teachers”
to increase technological literacy among adults in the community.
SPECIAL EVENT COORDINATOR
The Special Event Coordinator plans and implements all activities related to outreach
and fund development with a focus on increasing annual income and expanding
network of friends.
DEVELOPMENT DIRECTOR
The Development Director is primarily responsible for designing and implementing an
annual fundraising plan to develop a financial base of support and strong network of
friends for CCP.
VOLUNTEER COORDINATOR
The Volunteer Coordinator is responsible for the overall building of and coordination of
the various Volunteer Programs. This includes, but is not limited to recruitment, training,
support, and retention of volunteers for assignment to their area of volunteerism. The
Training Coordinator will work primarily with tasks related to several aspects of the
CCP’s work.
FIRST CALL FOR HELP 2-1-1
VOLUNTEERS NEEDED TO FILL THE FOLLOWING OPPORTUNITIES. Interested in
Volunteering? Call 375-2204
Login to see details. www.firstcallforhelp211.org
LUNCHEON COORDINATION Assist with invitations, public service announcements,
outreach activities, decorations and menus for luncheon event hosted by First Call for
Help 211 to be held at City Hall on Friday, May 30th.
INFORMATION AND REFERRAL DATABASE MAINTENANCE Assist in keeping
client records filed and agency records filed and updated.
11
We have great volunteer opportunities on May 16, 17, &
18. We have an extremely busy weekend with three
events taking place:
Indiana State & Challenge Cup Soccer Tournament at Blackwell Park
USSSA Men’s Major Softball NIT at Lincoln Park
USSSA Men’s “E” Softball NIT Qualifier at Lincoln Park
Soccer Tournament
Field Marshalls (training will be provided prior to event)
Friday, May 16 6:45pm to 9:00pm
Saturday, May 17 7:30am to 12:00pm
11:15am to 4:00pm
3:15pm to 7:30pm
6:45pm to 9:00pm
Sunday, May 18 7:30am to 12:00pm
11:15am to 3:30pm
2:45pm to 5:00pm
Softball Tournaments
Ball Chasers (retrieving home runs-great job for the teens)
Friday, May 16 7:00pm to 9:30pm
Saturday, May 17 7:45am to 11:45pm
11:45am to 3:45pm
3:45pm to 7:45pm
Sunday, May 18 8:00am to 10:30am
10:30am to 1:00pm
Info Table/Admissions
Friday, May 16 6:30pm to 9:00pm
Saturday, May 17 7:45am to 11:45am
11:45am to 3:45pm
3:45pm to 7:00pm
Sunday, May 18 7:30am to 10:30am
10:30am to 1:30pm
Also, we will be hosting the High School State Rugby Championship and will need
volunteers to help with various aspects of the event. It will be held on Monday, May
26th, Memorial Day, starting about 9:00 and running until approximately 3:00pm. This
would be a fun opportunity for anyone who may never have experienced the excitement
of Rugby. It’s a fast-paced game which combines elements of American Football and
Soccer.
If interested please contact me at 378-2622 or email at jimhdietz@sbcglobal.net
Thank you,
Jim Dietz
Director of Sports Tourism
Columbus Area Visitors Center
12
We are in need of volunteers to greet and take school groups through the museum or
the Historic H. Breeding Farm. We will provide you the information and you supply your
willingness to share your time.
You can lend a hand at BCHS “Signature Events” like “Spring on the family farm”, the
Reeves Festival, Homes Tour and much more! There are a variety of opportunities that
exist with mailings or helping out as a receptionist.
Also available is assisting with our herbal gardens and kitchen gardens at the museum
and farm. There are also volunteer opportunities in collections, conducting oral history
interviews and transcriptions along with genealogy research.
Please don’t hesitate to call or email for more information or suggestions if you have
other interests or areas of expertise. Located on the second floor is the Cline-Keller
Library, established for the purpose of collecting genealogical and historical archival
materials used for research. The collection is made up of maps, photographs, family
histories, city directories, cemetery records, yearbooks, files full of general business,
organizational and community events, and other publications related to the local
heritage.
The Historical Society receives requests for local information from all corners of the
world. Questions have even been answered from descendants of General Joseph
Bartholomew. Contact Kevin Keith for more information at info@barthist.com or call
372-3541.
Kevin Keith
Bartholomew County Historical Society
Accession Manager/Breeding Farm Planner
info@barthist.com
812.372.3541
PLEASE CALL ANGIE HUEBEL, VOLUNTEER ACTION CENTER WITH ANY
QUESTIONS 812-314-2706
OR EMAIL AHUEBEL@UWBARTHCO.ORG
13
Certified Management
Accountant
Secure a Professional Advantage with
IMA’s Prestigious Global Certification Program: CMA
The Certified Management Accountant (CMA) designation provides corporate
management and individual members with an objective measure of knowledge and
competence in the field of management accounting. It is an invaluable credential for
professional advancement and for broadening professional skills and perspectives.
CMA Review Materials:
We have finalized our discount agreement with Gleim and now our members are
eligible to purchase Gleim’s CMA materials with up to 32% discount!
Please contact Warittha Thiragirayuta at warittha.thiragirayuta@cummins.com if you
would like to receive an order form for:
Gleim's Complete Systems for the reorganized CMA exam (13th Edition):
CMA/CFM Complete System (32% Discount) Totals
Books, Test Prep CD-Rom, audios, Gleim Online
for Parts 1-4 CMA, plus CFM materials $571.13
CMA Complete System (32% Discount)
Books, Test Prep CD-Rom, audios, Gleim Online
for Parts 1-4 CMA $503.17
Gleim's Complete Systems for the unchanged CMA exam (11th Edition): The
unchanged exam (11th edition) is for people that entered the certification program
before June 30, 2004, and so are eligible to take the unchanged exam, which will be
available until December 31, 2007.
CMA/CFM Complete System (50% Discount)
Books, Test Prep CD-Rom, audios, Gleim Online
for Parts 1-4 CMA, plus CFM materials $427.74
CMA Complete System (50% Discount)
Books, Test Prep CD-Rom, audios, Gleim Online
for Parts 1-4 CMA $340.98
CFM Review System
Test Prep CD-Rom and Gleim Online for Part 2 CFM $144.95
14
Gleim also provides discounts for the smaller sets. Members wanting less than a
Complete System please contact the following Gleim's representative for pricing:
Matthew J. Cmar
Accounting Training Consultant
matthew.cmar@gleim.com
Gleim Publications, Inc.
4201 NW 95th Blvd.
Gainesville, FL 32606
PHONE (800) 874-5346, Ext. 135
FAX (352) 375-6940
Hours:
Mon-Fri, 10 a.m. - 7 p.m. ET
Sat-Sun, Email only
visit www.gleim.com
CMA Self-Study Group
If you would like to join a self-study group to help you prepare for the Part 3 of the CMA
exams, please contact Ginger R White at 812-377-8839 or send an email to
ginger.r.white@cummins.com. The group will meet on Monday from 5:00PM to 6:00PM
starting on January 7th, 2008 at the COB.
Points
As you may already know that our chapter will automatically get points for you passing
the exam. However, you might not know that we also get points for the time you spend
studying for it. We would recommend that you wait until you actually pass the exam and
report the number of hours to us so there will not be any change in the studying hours.
We will get one point for an hour spent studying. The maximum points we can get will
depend on the number of study hours suggested by your study materials for each part
of the exam, which can vary. For those of you that have taken the exam, please
send the following information to Warittha Thiragirayuta.
Exam Part: (1, 2, 3, or 4)
Pass date:
Study Materials used:
Number of hours spent studying: (Hours claimed cannot exceed the "recommended
study hours" in your study materials)
Visit www.imanet.org/certification to learn more about CMA. Get certified!
Please contact Warittha Thiragirayuta, a CMA/CFM Program Director, at 812-377-
3906 or warittha.thiragirayuta@cummins.com if you have any questions.
“The CMA deals with all the relevant areas of financial management and is a perfect
complement to the strategic way we expect our professionals to perform.”
Stephen J. Cosgrove, CMA, VP & Corporate Controller, Johnson & Johnson
15
