Newsletter of the ...
INSTITUTE OF MANAGEMENT ACCOUNTANTS
http://www.imamichigan.org/ February/March 2008
IMA MICHIGAN COUNCIL
Well the highlight since the last Presidents message is most
MEETING NOTICE definitely the bill boards promoting our CMA designation.
We in the council understand the importance of this
credential and it is one of our primary directives this year to
Date: Thursday, March 6, 2008 help increase awareness to employers as well as more
accountants. I have had many conversations with IMA
Location: La Senorita members who have seen the billboard and said that it just
2706 Lake Lansing Rd jumped out at them…they couldn’t have missed it if they
Lansing, MI 48912-3622 tried. That’s good news because that’s what bill board
Times: 5:30 p.m. Networking advertising is supposed to do. IMA National gave us the
6:00 p.m. Dinner/Meeting copy and they did a great job.
9:00 p.m. Adjournment
UPDATES to our primary directives:
Cost: Per Individual
Students –Todd Hansen and the Grand Rapids chapter had
a great student night on the 19 of February. The IIA co-
Reservations: hosted it and the accounting students paid no admission.
Jim Horsch at There were top Colleges and Universities represented and a
JHORSCH@mail.michbar.org speaker on Business Fraud Detection & Prevention
Solutions. A $500 scholarship was awarded at the event. To
be eligible to win the scholarship, students had to submit an
Directions to La Senorita: essay (no more than 3 pages) on “The benefits on
On the Southwest corner of U.S. 127 & professional certification, describe, compare and contrast
Lake Lansing Road interchange, near the the Certified Internal Auditor (CIA) and Certified
Courtyard by Marriott. Other side of U.S Management Accountant (CMA) certifications and explain
127 & Damons. how they can advance. Kudos to Todd Hansen and the
Grand Rapids chapter.
FUTURE MEETINGS Finally, Web Sites, hats off to Lee Bennett and Kris Kumar
for all their work to keep our Michigan Council website up to
3-06-08 Board Meeting date but also to help the chapters to not only keep their
websites current but to work with their Director’s to be more
Spring 08 Chapter Leadership Training functional and also keep a continuity of look throughout all of
the Michigan Chapters.
10-29-08 7th Annual Michigan Fall
Conference, Kellogg Center As always we invite any IMA member who would like to
at Michigan State University attend our Michigan Council meeting in March to do
in East Lansing so…fresh eyes and fresh ideas are always welcome. We
are working as hard as we can as your Council leaders to
Note: Summer planning meeting and ensure that you find value in your membership with the IMA.
2008-09 meeting dates to be determined.
Table of Contents National Meetings Schedule –
President’s Message 1 Board and Committee
Council Meeting Notice 1
Future Meetings 1
December 3, 2007
National Meetings Schedule 2 Associations Summit Meeting, St Petersburg, FL
Future IMA National Conferences 2 February 22-23, 2008
Advisory Committee & Board of Directors
Michigan Council Key Contacts 2 Meetings, Austin, TX
Save the Date – 2008 Fall Conference 3
November 6 – 8, 2008
2008/09 Board Forms Due 3 9th Annual Student Conference, location TBD
Volunteer Teleconference Information 3
CPE Opportunities 4 Future IMA National
National VP News Briefs 5
Michigan Council Promotes CMA 5 89th Annual Conference & Exposition –
June 14 – 18, 2008
Cleary University’s CMA Exam
Tampa Marriott Waterside Hotel
Preparation Classes 6
Stuart Cameron McLeod Society 6
90th Annual Conference & Exposition –
Best Practices 7 June 6 – 10, 2009
Adams Mark Hotel
Bennett & Weller Represent Michigan 7 Denver, CO
Michigan Council Officers 8&9
Usage of Contact Information 9
Mark your calendar now for these
fun and informative conferences!
Advertise with the MI Council 9
Need Help Sending Emails? 9
IMA November Teleconference Notes 10 & 11
2007 - 2008 Key Contacts
President Lynn Margulies email@example.com
National Vice President Susan E. Bos, CMA firstname.lastname@example.org
Newsletter Susan L. Crane, CPA email@example.com
Website Kris Kumar firstname.lastname@example.org
Lee Bennett email@example.com
Mailing List Robert Maddox firstname.lastname@example.org
IMA Website – www.imanet.org
SAVE THE DATE…
7th Annual Fall
Wednesday, October 29,
Michigan State University
East Lansing, MI.
We are already lining up another great
cadre of speakers for this annual event,
so save the date for 8 hours of quality
CPE (including 2 hours of ethics).
Time to Begin Thinking about the Next Chapter Leaders – 2008/09 Board Forms Due
It is that time of year, that Chapters should have completed the process of electing the leaders to take office the
end of June 2008.
Preliminary nominations are due to your Chapter’s Community Support Specialist by the last business day in
February. There is an online form available under Chapter Operations. Please complete this form in its
entirety and must include Membership Numbers. If you do not have a full slate of officers in February, please
submit the names and membership numbers of those chapter officers which have been filled. National has
simplified the list, due to chapters having different names for positions. If your board is larger than the spaces
allow please submit a second report with the additional names. Offices not filled may be submitted using this
same form at a later date as they become available. The entire Board must be submitted prior to the last
business day of May in order to continue receiving compensation. Please either save this form as a document
on your hard drive then attach to an email addressed to your Chapters Community Support Specialist or print
and fax to 201.474.1600 to the attention of your Chapter’s Community Support Specialist.
IMA National - Monthly Volunteer Leader Teleconference
Schedule for Winter/Spring 2008 (subject to change)
Thursday, March 20, 2008 at 11:00 am
Thursday, April 17, 2008 at 4:00 pm
Tuesday, May 20, 2008 at 11:00 am
Access code: 01165102# #
Volunteer Leadership workshop 8:30 am – 4:30 pm on Saturday, June 14, 2008 at the IMA Annual Conference
in Tampa, FL. Note: Minutes from the February call are included at the end of this newsletter.
Chapter CPE Opportunities
Decision Making Models with Doug Hicks
Thursday, March 20, 2008 at 12:30 p.m. (6 CPE)
Laurel Manor 39000 Schoolcraft Road, Livonia, MI
RSVP by March 14th: Chuck Phillips (313) 262-2223 or email@example.com
The IMA – Metro Detroit Chapter’s March session on Decision Costing – Using Cost Information to
Improve the Bottom Line will examine the problems with today’s costing practices and present solutions
that can help you turn economic cost information in to a value-adding tool for your organization. This 6-
CPE hour session will be presented in two parts; a 4-hour afternoon session and a 2-hour after dinner
session. The major topics covered include:
The Importance of Models in Decision Making
The Economic Cost Model
Understanding the Concept of “Cost”
Using the “Lens” of Activity-Based Concepts to Create a Valid Cost Model
A “Toolbox” of Practical Cost Modeling Techniques
Using Accurate and Relevant Cost Information to Improve Decisions
SAGINAW VALLEY CHAPTER
Need CPE? Need credits in ethics? You can get both by attending the IMA Ethics Series:
Success Without Compromise. It's not about what's right or wrong, but how to make decisions in
real life situations. Includes group activities, handouts, a case study and much more.
WHEN: MARCH 26th WEDNESDAY 8:00 - NOON
SIGN-IN: 7:30 AM for coffee and pastries
WHERE: Means Industries, Inc. East I-75 on M81
3715 E. Washington Rd. Saginaw 48601
WHO: IMA members-4 CPEs of ethics; CPAs-4 CPEs general, possible ethics
COST: $30 members, $45 non-members, $50 at door.
REGISTER: call Julie Goldman 989-781-5050 or email firstname.lastname@example.org
MORE INFO: check out the Saginaw Valley IMA website:
National VP News Briefs
Upcoming Board Meeting 2/23/08
Audited Financial statements will be presented, years ending 6/30/07 & 6/30/06
Proposed Bylaw Changes to be presented Board Term Limits & Board Participation
Proposal to accept BDO Siedman as continuing auditors
Updated Ethics Compliance proposal to be presented for vote at board meeting
Board Strategic Workshop 1-5pm 2/23/08
Engage board in Strategy Formulation IMA Identity, Target Market, Value Proposition
Planning Committee to serve as Facilitators.
Discussion focus on Current State, Potential Need for Change, Future State, and optional paths forward.
Board Work Session 1-5pm 2/22/08
Council and Chapter Structure Reorganization – Working Session
No Action Item to be voted at the Board meeting regarding Advisory Committee recommendation.
Young Professional Advisory Committee to present report at board meeting. Details to be provided at Michigan
Council meeting March 6, 2008
New board members to be announced. Names provided at next MI Council meeting on March 6, 2008.
Stuart Cameron McLeod Society Board of Governors Meeting to be held Sunday, February 24, 2008. Michigan
Council National VP is a SCMS Governor and will attend and provide information at the next MI Council meeting.
Upcoming Board meetings
February, 22-23, 2008 Austin, TX Board & Committee meeting
June 14-18, 2008 Tampa, FL Board meeting and Annual Conference
September 19-20, 2008 Memphis, TN Board and Committee meeting
November 6-8, 2008 Jacksonville, FL Student Conference
June 6-10, 2009 Denver, CO Board Meeting and Annual Conference
Susan E. Bos, CMA
National Vice President
MICHIGAN COUNCIL PROMOTES CMA
The Council sponsored five billboards in the
Lansing area which promote the CMA.
SW Suburban Lansing – I-69 BL north of
Central Lansing – Cedar St south of Isbell
St and Saginaw St east of Martin Luther
East Metro Lansing – I-69 BL west of
Lake Lansing Rd
North Lansing – Lake Lansing Rd east of
N East St.
The Certified Management Accountant Learning System
Course 3: CMA Strategic Management
Four Saturdays, 9 a.m. – 3:30 p.m.
(lunch provided and served from 12 – 12:30 p.m.)
Class 1: April 5, 2008
Class 2: April 19, 2008
Class 3: May 3, 2008
Class 4: May 17, 2008
For more information or to enroll, please go to www.cleary.edu/cma or contact 1-800-686-1883.
Stuart Cameron McLeod Society
The SCMS was formed in 1934 as the Spot Club. In 1957, the name was
changed in recognition of Stuart Cameron McLeod, one of the founders of
the Spot Club and Executive Secretary of IMA from 1919 until his death in
The Trophy awarded to the third place chapter in the Stevenson Division
competition is sponsored by the SCMS. The Society also sponsors the "S.
Alden Pendleton Award for Excellence in the Community Service Program of
In addition, the Society provides judges for the selection of the recipients of the Stuart Cameron and
Margaret McLeod Scholarships.
The purpose of the Club is to provide a means whereby former officers and directors of the Association
may continue the associations and contacts which they formed while in office and to make available to the
current management of the Association the advice and experience of past officers.
-Stuart Cameron "Doc" McLeod
NACA Bulletin, Jan. 15, 1937
To qualify for membership in the SCMS you must be a current or past:
Regional Council Committee Chair
Regional Council Officer
National Committee Member
Voting Member of the National Board of Directors
If you are eligible and desire to join the SCMS, contact Member Services at email@example.com or (800)
638-4427. Please click here to download the SCMS Membership Application
The candidates can be inducted into the SCMS in the presence of the Society officers, governors and
members at the annual dinner and meeting held during IMA's Annual Conference. Candidates may also
be inducted at the SCMS mid-year meeting or a local SCMS induction ceremony held by a regional
Best Practices –Key Success Factors
Eastern Connecticut Chapter
1. Match up speakers with member interests for monthly educational sessions.
2. Have a luncheon meeting once a year to accommodate members who can not get out in the evening.
3. Promote all council educational sessions and offer car pool options.
4. Conduct a joint meeting with our student chapter annually at the university.
5. Provide scholarships to members of our student chapter.
6. Encourage all members to bring a guest to a meeting.
7. Offer a free dinner for a prospective new member.
8. Monthly newsletter includes other CT chapter meetings as an optional meeting.
9. Provide hands on IT technical training session annually.
10. Send to all members employment opportunities with chapter companies.
11. Include in newsletter member and company profiles.
12. Hold board and planning meetings in the summer months, offsetting cost of dinner for members.
13. Offer to non-profit organizations auditing of their books by qualified members.
14. Collect in December donations from members for a charity of interest by members.
15. Send email notice and call members with no email a week before meeting with meeting information.
16. Include in the local Chamber of Commerce mailing notice about meetings.
17. Hold monthly open board meeting after educational session to accommodate board members.
Penny Weller is Chair & Lee Bennett Represents Chapter and
Michigan Council at Austin, Texas Committee Meeting
On February 22, Lee Bennett, former National Vice President and current advisor to the council
president, will participate on a special new committee whose job is to develop and recommend a
new member, chapter and council recognition program. Penny Weller, is Chair of the committee.
The assignment of the committee is to brainstorm ideas and come up with a new program for
recognizing member, chapter and council achievement. The scope includes the current chapter
competition, but is not limited to that. The committee hopes to arrive at a new model during their
all-day session on Friday, February 22, but will continue its work until a plan is formulated.
If there are members or volunteer leaders with ideas for improving our recognition programs, or
complaints about the current one, please contact Lee by email at firstname.lastname@example.org
INSTITUTE OF MANAGEMENT ACCOUNTANTS
MICHIGAN REGIONAL COUNCIL
OFFICERS AND DIRECTORS
FISCAL 2007 - 2008
POSITION OFFICER / DIRECTOR E-MAIL ADDRESS
President Lynn Margulies email@example.com
President Elect Robert Maddox firstname.lastname@example.org
Secretary Gary Kapanowski Gkapanowski@williams-int.com
Treasurer Christopher Mishler, CMA, CIA email@example.com
National Vice President Susan E. Bos, CMA firstname.lastname@example.org
National Vice President (Alternate) James C. Horsch, CMA, CFM email@example.com
Auditor Pamela Dewey firstname.lastname@example.org
CMA/CFM Penny S. Weller, PhD, CMA email@example.com
Council Advisory Chair Lee Bennett firstname.lastname@example.org
Education - CTL Ann Arbor Gary Kapanowski Gkapanowski@williams-int.com
Education - CTL Detroit Metro Susan E. Bos, CMA email@example.com
Education - CTL Grand Rapids Lynn Margulies firstname.lastname@example.org
Education - CTL Kalamazoo Todd Hanson, CPA email@example.com
Education - CTL Lansing/Jackson Penny S. Weller, PhD, CMA firstname.lastname@example.org
Education - CTL Saginaw Valley James C. Horsch, CMA, CFM email@example.com
Education - CTL Upper Peninsula Susan L. Crane, CPA firstname.lastname@example.org
Meetings James C. Horsch, CMA, CFM email@example.com
National Conference Gary Kapanowski Gkapanowski@williams-int.com
Newsletter Susan L. Crane, CPA firstname.lastname@example.org
Nominating Committee Penny S. Weller, PhD, CMA email@example.com
Regional Conference James C. Horsch, CMA, CFM firstname.lastname@example.org
Regional Director - Ann Arbor Gary Kapanowski Gkapanowski@williams-int.com
Regional Director - Detroit Metro Susan E. Bos, CMA email@example.com
Regional Director - Grand Rapids Rick B. Hesse firstname.lastname@example.org
Regional Director - Kalamazoo Carol Van Dyke, CMA email@example.com
Regional Director - Lansing/Jackson Robert M. Stoma RStoma01@MeansIndustries.com
Regional Director - Saginaw Valley James C. Horsch, CMA, CFM firstname.lastname@example.org
Regional Director - Upper Peninsula Dana J. Collins, CPA email@example.com
SCMS Liaison Dana J. Collins, CPA firstname.lastname@example.org
Students Todd Hanson, CPA email@example.com
Website Kris Kumar firstname.lastname@example.org
Chapter President - Ann Arbor
Chapter President - Detroit Metro
Chapter President - Grand Rapids
Chapter President - Kalamazoo Megan Ellis
Chapter President - Lansing/Jackson Lynn Margulies email@example.com
Chapter President - Saginaw Valley Julie Goldman firstname.lastname@example.org
Chapter President - Upper Peninsula Joel Thompson email@example.com
If you know of anyone that would be interested in participating, please invite them to join us.
Usage of Contact Information
An important issue that has arisen again this year is the use of the listing of chapter and council contacts
and their contact information, including the chapter and council websites.
This Chapter and Council List is for official IMA use. Users should refrain from contacting chapter officers
for solicitation and sales purposes. Individual IMA members and potential members may initiate contact
with the chapter officers for organization information and networking purposes. Use of this information for
any other purposes, including, but not limited to, reproducing and storing in a retrieval system by any means
electronic or mechanical, photocopying or using the names, addresses, and phone numbers for any private,
commercial or political mailing is strictly prohibited.
Advertise with the MI Council
The Michigan Council has established rates for advertisement in the newsletter and website. Contact Lynn Margulies
for more information.
Need help sending out Chapter or Council Emails?
Your community support specialist can help you schedule email blast to be sent from National IMA rather
than your personal or work email. Our Marketing Department sets an email blast schedule in advance. This
will ensure that members are not receiving a large number of emails in one day or consecutive days. The
lists for each email are run for each request to ensure the most up to date rosters are used.
The person that performs this function also has other duties to perform, which is why we need to get your
emails into the schedule early enough to be put on the schedule for the day you request (two weeks), so
she can plan her work load. We have many Chapters and Councils using National to send out emails to
their members. If a Chapter is unable to give us advanced notice we will attempt to fit the email blast into
the schedule where we can. It is not a matter of that Chapter having anything else scheduled but what
every other group has scheduled along with the regular emails scheduled for National.
We suggest that the Chapter or Council sit down and create their email schedule for the next few months
for their newsletters and meeting reminders. You can then submit the schedule to your Community Support
Specialist before your copy is finalized, if that will help you get information out to the members in a timely
manner. Just ensure you get the copy in a good five days or so prior to the scheduled send date.
IMA Chapter & Council Teleconference Agenda –February 13, 2008
Tools & Resources:
Inactive Chapters – For the past three months, we have been contacting the members of all inactive
chapters giving them the opportunity to help revitalize their chapter. Thanks to the efforts of
dedicated IMA members, we are happy to report that many chapters will be re-opened. The Chicago
Chapter, for instance, which has 800 members, is currently in the process of planning its first chapter
meeting to gauge member interest and to establish a board.
Unfortunately, we have not had the same positive response from members of other chapters we
contacted during this process. Below, please find the chapters which will be closed. Members have
be informed in a letter from National that they can either be transfer to a chapter nearby or become a
member-at-large (a member with no chapter affiliation). Nearby chapters are encouraged to contact
these members regarding joining their chapter. Please contact your Community Support Specialist for
more information on this process. Another note, Council can send communications to Members-At-
Large in their local areas, such as chapter events or meetings.
Inactive Chapters to be closed
- Syracuse - Lynchburg
- South Jersey - Middle Georgia
- Northern New York - Northwest Keystone
- Mason-Dixon - Southwest VA
- Elmira-Corning - Springfield
- Brevard - North Central Indiana
- Golden Triangle - Wabash Valley
- Jackson - Shreveport
Chapter and Council Board Elections for 2008-09- Please be aware the Chapter and Council Board
Forms are due on the last business day of February. If your Council/Chapter board is only partially
filled at this time, please submit the incomplete form and contact your Community Support Specialist
once the board is finalized. Please do not forget to include the member number of each board
member with their name. National must have all these forms by May in time for the beginning of the
2008-09 fiscal year. For Chapters that send their form in after June, please remember that
compensation will be withheld until the Board is received and no retroactive payments can be made..
The Board Form is located on the IMA website at the following location: Sign into Members Only>
Chapter Operations> Chapter and Council Tools, Forms and Resources> Chapter and Council Forms
subheading> Council & Chapter Elections & Appointments. The form is in PDF format and can be
filled in by typing versus by handwriting. Please submit the form either by fax or email to your
Community Support Specialist.
Please note that National no longer requires Chapters and Councils to send in the President and
Secretaries Nominations form.
Financial Reports- We appreciate the cooperation from all Chapters and Councils that sent their
Annual Financial Reports in on time. Please note that each Chapter and Council has a tax
identification number different from the IMA National Headquarters. These tax identification numbers
show that you are a subordinate voluntary organization, which covers all Chapters and Councils, of the
IMA and is used for federal and state purposes.
For next year, new 990 Form Guidelines will take affect. Under these new guidelines, IMA National
and its subordinates will be required to submit a 990 Form to the IRS to maintain their 501(c) 3
status. This information will be explained further during the Chapter and Council Leadership Training
at the Annual conference and via literature from IMA. We will let you know when the literature is
Competition- The Chapter Website portion of the competition is due the last business day of March.
CPE Credits Entered by Chapters- With the end of the 2007-2008 fiscal year fast approaching, please
plan ahead and do not enter your chapter members’ CPE at the last minute. The overwhelming
volume of chapters inputting information slows down the functioning of our database. As a result,
there is a higher likelihood the chapter leaders entering CPE credits will experience ‘technical
difficulties.’ Furthermore, updating CPE for several events to meet a deadline increases the chance for
error. If a mistake is made during this process, please report it to your Community Support Specialist
as soon as possible. They will then delete the erroneous record from the database and the
Chapter/Council will need to re-enter the information.
Please note, the entering attendee CPE credits for an event in advance through the Event Planning
module in the Chapter Portal, both decreases risk of error and saves time.
New Chapter – West Chester in PA- A new chapter has opened in West Chester, PA, located in the
western suburbs of Philadelphia. Stephen Shepard and Fred Shea attended the Chapters first
meeting on January 30. The meeting was well attended by chapter members and students and faculty
from West Chester University. The chapter is currently working under a temporary charter, but will be
granted a regular charter once the Board approves their Chapter status at their Board Meeting in
Austin next week.
Conference- Award Luncheon/ Dinner- The Awards Luncheon has been moved from Tues due to a high
profile speaker. We have sent a polling question all Council Presidents to obtain feedback regarding if
the Award Luncheon and Annual Dinner at the conference should be held as one event versus two.
Please let us know your thoughts on this topic and we will make the decision accordingly based upon
the majority opinion.
We will soon be sending out invitations and agenda for the Board Leader Training Workshop which will
be held the Saturday of the conference. The tentative agenda includes discussing administration
information and topics in the morning and break-out sessions in the afternoon. Please R.S.V.P
immediately once you receive the invitation we need to have a headcount for lunch.
Topics submitted by Chapters
The Michigan Council has expressed interest in revitalizing the Port Huron Chapter. They estimate the
local thriving business community is a great opportunity for membership interest and establishing a