EVANSVILLE iMA by wuxiangyu


									                                                                            a publications of the

                                           Evansville IMA
                                          Institute of Management Accountants, Chapter 076

                                                       March Dinner Meeting
                                                                       March Dinner Meeting
   Volume 10-11                                                        Thursday, March 17th
    March 2011                                                   6:30 p.m. - Kirby’s Private Dinning
                                                                         1113 Parrett Street
                                                                     Evansville, Indiana 47713
  Inside this Addition
                                                                      (1 hour C.P.E. awarded)

March Dinner                                                            Featured Speaker:
                  Page 1
                                                                          Dr. Les Nunn
Presidents                                           USI Certified Management Accountant Program
                  Page 2
                            Dr. Leslie E. Nunn is a graduate from the University of Evansville and the University of Denver’s College of
March Lunch
                 Page 3     Law. He is an Associate Professor of Business Law at the University of Southern Indiana and provides
                            consulting services for businesses to help owners/managers prepare fraud implement business plans, pre-
                            pare cash flow analysis, increase profitability, implement cost controls, perform international marketing, and
April Meetings   Page 4     improve governmental relations.

Calendar of                 Dr. Nunn grew up in his family food and feed business, where he was involved in most phases of the busi-
                 Page 5     ness. After completing law school, he was an attorney (judge advocate) in the United States Air Force, he
                            was a lawyer and manager for the Navajo Tribe of Indians (as well as the Administrator for the Navajo Agri-
Career Oppor-               cultural Products industry), and he was in private law practice before coming to the University of Southern
tunities &       Page 6     Indiana.
Board Listing
                            Dr. Nunn has been admitted to practice before the United State Supreme Court and admitted to practice
                            before the United State Court of Appeals for the Sixth and Tenth Circuits. He is the author of several books
Newsletter                  and numerous articles, and he has received the Best Paper Award‖ at numerous international conferences.
                 Page 7
Deadlines                   He has also won the ―Excellence in Teaching Award.‖

                            Dr. Nunn has considerable experience in international business relations and international law, having
                 Page 7     worked in these fields in various countries (e.g. Vietnam, Germany, and Mexico). He is also a pilot with a
Service                     commercial license and fight instructor and instrument ratings for single engine and multi-engine airplane.

See CPE Class                                                                    Menu
Dates and Agendas
on pages 8 and 9.          Shrimp Gumbo, Caribbean Jerk Chicken Skewers with Roasted Vegetables, Red Beans & Rice, Banana
                                                                    Coconut Tart
                                             Members $21.00 /E.L.A.s $15.00/Students $15.00 /Non-members $30.00


                                                               no later than 2pm, March 11th, to:
                                                                         Julianna Voelker
                                                                   Meetings/Member Attendance
                                                         IMA Spotlight Page 1
                                                                       Phone: 812.468.5897
                             President’s Message
Welcome to IMA March Madness!! March is always a great month to liven us all up…….signs of Spring
with warmer weather, end of year and taxes, Lenten celebrations, sports finales, and the best of all:
Lots of CPE hours in March!! With the March lunch 3/9/11, all day CPE 3/12/11, dinner 3/17/11, and 4 th
Thursday CPE 3/24/11 – all these hours amount to 14 CPE hours. Very impressive for one month, I
must say so myself.

This is what our Board of Directors does for you, provide qualify CPE hours, fellowship, networking, and
great community service events. On Saturday, 2/19/11, the Literacy Center Scrabble Tournament Event
was held at Ivy Tech. The IMA had at least 4 teams present and everyone had a very good time. I had
to talk my team members into joining a ―Non Pro Scrabbler‖ and we almost got the award for the worst
performance. Our coffee donation basket was probably one of the better auction buys. Jeanette Maier-
Lytle did a star performance on creating it. Thank you to everyone who made contributions.

Talking about our Board of Directors, we are getting close to having to submit our NEW BOARD of DI-
RECTORS to National at the end of this month. The crucial Director openings are: Treasurer, Meetings
and Attendance, Program Booklet, VP Membership & Marketing, and Member Retention. Please con-
sider taking a step outside of your comfort zone and get to know the Evansville IMA members by be-
coming a Board Member. Please email me jo@newburyfinancial.com or Dennis Guthery at drguth-
ery@yahoo.com if you are interested in a Board position.

March 31, 2011, is also the time when our current Board of Directors can submit Chapter Award Consid-
erations. In the past and hopefully this year, we have won awards for the following: Website Updated,
Manuscripts for Lybrand Medal, Public Relations Report, Community Service Report, Newsletter; Our
current Board of Directors are working on their award submissions as we speak! Good Luck everyone!!

For March 2011, our Community Service event is Tri-State Food Bank Collection. Please bring can
goods to our lunch & dinner sessions so we can help feed the poor in our community.

As always, we welcome your comments/suggestions and we appreciate your support of our Evansville
IMA Chapter.

         Life is like a ten-speed bicycle. Most of us have gears we never use.
                                     - Charles Schulz

                          Jo Burke,
                          President, IMA Chapter 076
                          Email: jo@newburyfinancial.com
                          Phone: 812-459-2445

                                           IMA Spotlight Page 2
                                        March Lunch Meeting
                                               Wednesday, March 9th
                                             @ Noon—Kirby's Private Dining
                                                  1113 Parrett Street
                                               Evansville, Indiana 47713
                                                 (1 hour C.P.E. awarded)

                                                  Featured Speaker:
                                      Teena Weiland, FC Tucker Realty
                                                Jenny Clark, ONB
                                       Changes Coming in Real Estate
                         Corned Beef Sandwich, Pickle & Sauerkraut, Potato Hash, Irish Trifle
                         Members $18.00 /E.L.A.s $15.00/Students $15.00 /Non-members $30.00
        Teena Weiland spent 30 years in nursing (about 10 years of that in management.). Teena has
been a multi million dollar producer fairly consistently with Tucker for the last 15 years and am a Lifetime
member of the President's Club for outstanding achievement in sales. Teena has sold between 80 and
90 million in real estate total in the past 15 years. Teena lives in Henderson and sells both in IN and KY
and maintains CE on both sides of the river. Teena is a grandmother of 6 and has been married (to the
same man) for 46 years. Ten blissful. :) Unlike many realtors they have only owned 3 homes in this
time period. Teena enjoys tennis, golf, bridge, boating and entertaining in my home on the river.
         Jenny Clark- Assistant Vice President/Mortgage Originator for Old National Bank since 2003.
BS Degree from Ball State University in 1993 in Education. Taught elementary school for over five
years. Post graduate studies at Butler University and USI. Started mortgage career for a finance com-
pany in 2000. Current Mortgage Origination duties include: residential financing for purchases, refinanc-
es and construction loans. Conventional, FHA and Rural Housing certified. In 2010 I helped clients fi-
nance over $15 million to help buy or build their dream home, or refinance their best investment. Jen-
ny’s office is located on the west side of Evansville, but she resides in Newburgh allowing her to cover a
wide range for clients.

                                       R.S.V.P. no later than 2pm, March 4th, to:
                                    Julianna Voelker, Meetings/Member Attendance
                                                  Phone: 812.468.5897

                                                 IMA Spotlight Page 3
                                                 April Meetings
                    April Lunch Meeting                                               April Dinner Meeting
                   Wednesday, April 13th                                              Thursday, April 21st
                 @ Noon—Kirby's Private Dining                                  @ 6:30 p.m.—Kirby's Private Dining
                      1113 Parrett Street                                               1113 Parrett Street
                   Evansville, Indiana 47713                                         Evansville, Indiana 47713
                     (1 hour C.P.E. awarded)                                        (1 hour C.P.E. awarded)

                       Featured Speaker:
                                                                                        Featured Speaker
                      Wade Jenkins, ONB
                                                                                           Tracy Zeller
               The State of the Banking Industry
                                                                                     Mind Your Own Business
 Chicken Salad on Croissant, Sliced Melon, Potato Chips, Greek     Spring Salad with Red Wine Vinaigrette, Chicken Parmi-
              Honey Cream with Apples & Pears                      giani, Angel Hair Posta, Zucchini & Squash, Neopolitan
Members $18.00 /E.L.A.s $15.00/Students $15.00 /Non-members                               Ice Cream
                          $30.00                                   Members $21.00 /E.L.A.s $15.00/Students $15.00 /Non-
                                                                                     members $30.00

                   Speakers Wanted                                                      Reservation Policy

                                                                     Please make menu selection and include in the R.S.V.P.
   We have speaker openings that we are try-
                                                                     which meeting you plan to attend. R. S.V.P. to Julianna
   ing to fill. Most of us have contacts that                        Voelker (812) 468-5897 jvoelker@agfinance.com.
   would not only be willing to speak to the
   IMA, but also would provide some excellent                        Reservations are required prior to Technical Meetings. If
                                                                     your reservation is not made, please feel free to attend
   educational material. Please help by con-
                                                                     the meeting for CPE, but know a meal can not be guaran-
   tacting Doug Joest, our VP of Professional                        teed.
   Education, doug@evvairport.com if                                 If you make a meal reservation and do not show up, the
   you have a topic/speaker.                                         chapter must still pay for your reservation; consequently,
                                                                     you will be expected to pay for your reservation whether
                                                                     or not you attend. Your cooperation and appreciation for
                                                                     these reservation policies are appreciated.

                                                   IMA Spotlight Page 4
                                                       Calendar of Events
*Wed, March 9, 2011 – Evansville Lunch Meeting – Teena Weiland, FC Tucker Realty & Jennifer Clark of ONB Mortgage – Changes and
Trends in Real Estate and Mortgage Lending.

*Wed, March 9, 2011 – Tri-State Food Bank Collection @ Luncheon – Community Service Event

* Sat, March 12, 2011 – ALL DAY CPE – 9 HOURS CPE – United Leasing, Morgan Avenue

*Tues, March 15, 2011 – 4pm (EST) March Volunteer Leader Teleconf – hosted by National-Chapter Elective

*Thurs, March 17, 2011 – Evansville Dinner Meeting – Dr. Les Nunn & Rebecca Deeg, USI Certified Management Accountant CMA Program

*Thurs, March 17, 2011 -- Tri-State Food Bank Collection @ Dinner – Community Service Event

* Thurs, March 24, 2011 – 4th Thursday CPE – AG – 3 HOURS CPE

*Thurs, March 31, 2011 – Elections & Appointments for next Board year due National*

*Thurs, March 31, 2011 – Award consideration deadlines for Website, Manuscript, Public Relations, Community Service, and Newsletter

*April 2011 – Date TBD – March of Dimes Walk – Community Service Event

*Wed, April 13, 2011 – Evansville Lunch Meeting – Wade Jenkins, Old National Bank – Topic to be Announced

*Wed, April 20, 2011 – last date for membership applications to be postmarked

*Thurs, April 21, 2011 – Evansville Dinner Meeting – Tracy Zellar, Tracy Zeller Jewelers

*Tues, April 26, 2011 – last date for membership applications to be emailed

*Thurs, April 28, 2011 – 4th Thursday CPE – AG – 3 HOURS CPE

*Fri, April 29, 2011– LTRC Mr. Excel Indianapolis $125 member $150 nonmember

*Sat, April 29, 2011— Lincoln Trail Council Qtrly Meeting – Indianapolis IN

*Sat, TO BE Announced – IMA Annual Member Picnic – Audubon Park, Henderson KY 12 – 4 pm

*Wed, May 11, 2011 – Evansville Lunch Meeting – Steven Bridges, Asst VP for Finance & Administration at USI -- Topic to be Announced.

*Thurs, May 12, 2011 – 6pm (EST) May Volunteer Leader Teleconference – hosted by National-Chapter Elective

*Thurs, May 19, 2011 – Evansville Dinner Meeting – Randall K. Craig, Attorney at Law, Trust & Estate Update

*6/4/11 – 6/8/11 – IMA’s National 92nd Annual Conference – Orlando, FL

                                                              IMA Spotlight Page 5
                                 Career Opportunities!
Financial Accountant— Apply principles of accounting to analyze financial information and prepare finan-
cial reports by compiling information, preparing profit and loss statements, and utilizing appropriate ac-
counting control procedures. B.S. in accounting or equivalent and 3-4 years practical accounting experi-
ence required. Apply to: personnel@champlabs.com

Prepare profit and loss statements and monthly closing and cost accounting reports. Compile and analyze
financial information to prepare entries to accounts, such as general ledger accounts, and document busi-
ness transactions. Establish, maintain, and coordinate the implementation of accounting and accounting
control procedures. Monitor and review accounting and related system reports for accuracy and complete-
ness. Analyze revenue and expenditure trends and ensure expenditure control. Resolve accounting dis-
crepancies. Recommend, develop and maintain financial data bases, computer software systems and
manual filing systems. Interact with internal and external auditors in completing audits. Other duties as

                                             IMA Spotlight Page 6
                    Newsletter Deadlines                                                        Chapter Website Links
IMA Spotlight is published on a                                                                  http://evansville.imanet.org/welcome.htm
monthly basis by the Evansville                     March 17th               April Issue
Chapter of the IMA. In an effort to
keep the newsletter relevant, use-                                                              http://evansville.imanet.org/our%20chapter/
                                                    April 21st               May Issue                     Chapter%20Board.htm
ful, and informative, feedback on
the contents for the newsletter is                                                             http://evansville.imanet.org/Meetings%20&%
welcome. Members desiring to                        May 19th                 June Issue                         20Events.htm
contribute transcripts, bulletins,                                                             http://evansville.imanet.org/job%20postings%
and other items of interest to the                  June 16th                July Issue                             20.htm
Spotlight should contact Todd
Wahl at todd.wahl@cortegra.com.
                                                    July 21st                August Issue
IMA Community Service Opportunities:
Evansville IMA Chapter Community Service activities still available for this fiscal Year:

March 2011 Donate food and money to the Tri-State Food
Bank….please bring donations to the March lunch and din-
ner meetings!
April 23, 2011 Participate in the March of Dimes Walk at Sunrise Park with Regis-
tration starting at 9:00.

Please contact Jeanette Maier-Lytle to participate or if you have any questions. Jeanette's
email address: jcmaier@usi.edu

ATTENTION: There is no such thing as a free lunch or
dinner. We have members that are making reservations and then no show-                        Picture above is our coffee basket donated
ing up to honor those reservations. Our Evansville IMA must pay for the                       to the Literacy Center for their Scrabble
meal whether you show up or not. We would appreciate your cooperation                         Tournament. Several of our IMA members
in honoring your reservations and paying for your meal whether you actual-
                                                                                              participated in the event!
ly attend or not. If you have made reservations and did not pay, please
check your payment to our Treasurer, Matt Garza, 2155 Oakland Ave., Ev-
ansville, IN 47711. Thank You!

                                                                     IMA Spotlight Page 7
IMA CPE Day - Agenda
Thursday, March 24, 2011
Location: American General Financial Services

               601 NW 2nd St.

               Evansville, Indiana
Time: 5:30-8:30 - 3 Hours CPE

Cost: Free to IMA members, $10 per CPE hour for non-IMA Members.

Reservations: Limited seating – please reserve by noon Wednesday, January 27, 2010

Field of Study: Tax Report November 2010 – 3 Hours CPE


Part 1 - Current Developments

          A) Expert’s Forum

          B) Overview of the Small Business Jobs Act of 2010

Part 2 - Individual Taxation

          A) Comparison of the IRC Section 1058 Loan of Securities and the Derivium Scheme

          B) Reporting State Tax Credits

Part 3 - Business Taxation

          A) IRS Moderates Position on Reporting Uncertain Tax Positions

          B) Avoiding Typical IRC Section 179 Misunderstandings

          C) Avoiding Penalties for Failure to Disclose Reportable Transactions

Part 4 – Practice and Procedure

          A) Service Issues Forms for PTIN Registration

          B) Office of Professional Responsibility Jurisdiction


Parking is available in marked spots along the street or in the parking lots. You may also park in
the parking garage after working hours as long as you do not park in the reserved spaces.


When you arrive enter through the main entrance (past the fountain). Each person will need to sign
-in with security and will be issued a visitors pass. You will be visiting Bridgitte Danhauer for the
IMA CPE seminar. Someone from IMA will be at the security desk to escort attendees to the desig-
nated meeting room.

                                            IMA Spotlight Page 8
IMA CPE Day - Agenda—Saturday, March 12, 2011

Location: United Leasing, Inc. Headquarters (see directions below)

             3700 E. Morgan Avenue, Evansville, Indiana

Facilitator: Curt Hahn, IMA Associate Director – Educational Meetings - Contact: 812-485-3505 or
chahn@unitedevv.com Time: 8:00 a.m. - 4:00 p.m. 9 Hours CPE

Cost: Free to IMA members, $10 per CPE hour for non-IMA Members.

        NOTE: Lunch is not included in the pricing but will be available for purchase.

Reservations: Limited seating – please reserve by noon Friday, March 11, 2011 by contacting Curt Hahn

Field of Study: Tax Report - September 2010 – 3 Hours CPE - Topics:

Part 1 - Current Developments

Part 2 - Individual Taxation

        A) Tax Court Rules on Deduction for Legal Fees

        B) IRS Issues Guidance on Payments Related to Gulf Oil Spill

        C) Tax Court Rules on Mortgage Payments for Former Spouse’s Home

        D) IRS Issues Guidance for Same-Sex Couples

Part 3 - Business Taxation

Part 4 – Taxation of S Corporations

Field of Study: Accounting & Auditing - October 2010 – 3 hours CPE - Topics:

Part 1 - Accounting Practice – Navigating the UTP Disclosures

Part 2 - Auditing Practice – SASs 118, 119, and 120

Part 3 - Small Business Practice – OCBOAs and UTPs

Field of Study: Tax Report - October 2010 – 3 Hours CPE - Topics:

Part 1 - Current Developments

Part 2 - Individual Taxation

        A) Sixth Circuit Upholds Statute of Limitation on Equitable Relief for Innocent Spouses

        B) District Court Applies Anti-Abuse Regulations to Tax Shelter

        C) Overview of Hobby Loss Rules

Part 3 - Business Taxation

Part 4 – Practice and Procedure

        Overview of Proposed Changes to Circular 230

Directions/Location: 3700 East Morgan Avenue, located at the NW corner of Theatre Drive and Morgan
Avenue. This is the location for United Leasing, Inc. Parking will be available anywhere in the lot along
Morgan Avenue. Please enter the building through the front entrance (facing Morgan Avenue). The front
entrance door will be open at 7:30 a.m. and the CPE class will begin promptly at 8:00 a.m. Complimentary
breakfast items will be available. Lunch will be available for purchase.

                                      IMA Spotlight Page 9
IMA Spotlight Page 10

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