CALUMET ACCOUNTANT A Publication of the Calumet Chapter of the Institute of Management Accountants (IMA) (a group for anyone with an interest in accounting or finance serving Northwest Indiana and Southern suburbs of Chicago) www.imacalumet.com Volume 65 No 4 September 2009 CALUMET CHAPTER IMA TH HISTORIC 65 YEAR 2009-2010 Directions KICKOFF EVENT From Illinois take the Bishop Ford Freeway or “SAP-ERP (Enterprise Resource Planning)” I294 to 394 South toward Danville. The Glenwood Dyer Road is a few miles down. The exit will be on Anyone interested in this topic encouraged to your right. Once you are on the ramp you will see attend billboard for Glenwood Oaks. It points you to the Date: Tuesday September 15, 2009 right. Just follow the sign. You will curve a lot and Location: Glenwood Oaks eventually will be at Glenwood Oaks. 106 N Main Street Glenwood IL From Indiana take US30 West in Lynwood US30 will veer to the left. If you stay in the right lane and Speaker: Michel Nguessan, go straight the road will become Glenwood Dyer Governors State University Road you will see the Lynwood Roller Rink, followed by Stony Island and then an exit to 394. Times: 5:15 p.m. Board Meeting Continue straight and follow Glenwood Dyer Road 6:00 p.m. Social Period to the Restaurant. 6:30 p.m. Dinner 7:40 p.m. SAP-ERP (Enterprise Resource Planning) To get door to door directions go to http://www.mapquest.com and use the address 106 Cost: $30.00 For IMA members and guests N. Main Street Glenwood IL. $15.00 College Students Enterprise Resource Planning- An integrated Menu (subject to change) information system that serves all departments within an enterprise. Evolving out of the The special will be Prime Rib Combination manufacturing industry, ERP implies the use of which is Prime Rib with choice of Chicken, packaged software rather than proprietary software Perch or Swanky shrimp. Other entrée choices written by or for one customer. ERP modules may will be lemon chicken, grilled vegetable be able to interface with an organization's own medley, or sautéed lake perch. software with varying degrees of effort, and, depending on the software, ERP modules may be Also included: choice of soup or salad, fresh alterable via the vendor's proprietary tools as well baked bread and choice of potato, Plus coffee, as proprietary or standard programming languages. tea, and iced tea. Cash bar available. An ERP system can include software for To make reservations e-mail manufacturing, order entry, accounts receivable and firstname.lastname@example.org or call Mark at payable, general ledger, purchasing, warehousing, 219.864.8685 (H) or 630.530.6707(W) or Dick transportation and human resources. The major ERP at 708.799.6234(H) vendors are SAP, Oracle (PeopleSoft and J.D. Edwards), SSA Global (Baan) and Microsoft. Lawson Software specializes in back-end processing that integrates with another vendor's manufacturing system. MidAmerica Council Offering 3-$330 th IMA 10 Annual Student Leadership Student Leadership Awards to Attend IMA Conference 10th Annual Student Leadership Conference November 5-7, 2010 in St. Louis Missouri The Calumet Chapter is part of the MidAmerica Council. The MidAmerica Council is once again Registration is now open for the 2009 Student proud to offer 3 Awards of $330 each to students Leadership conference which will be held at the Union wishing to attend the Annual Student Leadership Station Marriot in St. Louis Missouri. The registration Conference. fee is $100 for Student Members and $125 for IMA members. For non Student members the fee is $140 and In order to be eligible for these awards you must for Non IMA members the fee is $175 through October complete an application and provide a 16, 2009. Students can get the discounted rate by recommendation from a college professor or an IMA joining the IMA. The student membership rate is $39. member. The instructions on how to apply along with You can be a student member as long as you are taking the appropriate forms are available on the Calumet 6 credit hours at an accredited institution and have not Chapter’s website http://www.imacalumet.com The held another classification of IMA membership. deadline to apply for the awards is October 9, 2009 Please make sure to choose to affiliate with the Calumet IT’S COMING: TUESDAY OCTOBER 20, 2009 Chapter (Hammond) (081) COLLEGE STUDENT NIGHT AND MEMBER APPRECIATION NIGHT The event starts off at 2:00 p.m. on Thursday with an optional tour of the St. Louis Blues. Ever wonder what it On Tuesday, October 20, 2009 The Calumet Chapter is like to work for a professional sports team? Now you of the IMA continues its historic 65th year at a new have your chance to find out! Take part in a special venue: Beggar’s Pizza 15600 Cicero Avenue Oak afternoon tour of the ScottTrade Center (Home of the St. Forest IL 60452. Louis Blues Hockey Team) and have exclusive access to the team's finance and accounting staff. This event will feature A representative from RSM McGladrey speaking on SAS70-Service Audits as Registration includes access to the Exhibitor’s hall on well as Don Chia, a recruiter with the LaSalle Thursday, Friday and Saturday. A continental breakfast Network who will speak and provide a demonstration as well lunch on Friday and Saturday. Also, included on Linkedin. To show the Chapter’s appreciation for Friday’s networking Reception on a riverboat cruise our member and to encourage college students to down the Mississippi River. There will be a buffet attend we have made this a value priced meeting. dinner aboard. Additionally, there will be several Educational sessions throughout the event. The cost will be $25.00 for IMA members and Guests and $10.00 for college students with reservations. Space is limited so please reserve as soon as you know you can attend. To make reservations e-mail email@example.com or call Mark at 630.530.6707 (W) 219.864.8685 (H) or Dick at 708.799.6234. For more details about the 10th Annual IMA The meal will be family style with salad, bread, Conference follow the links on the Calumet Chapter broasted chicken, roast beef, mostaccioli , mashed Website: http://www.imacalumet.com potatoes, and green beans. Soda, coffee, and tea will also be included. A cash bar will be available. Page 2 Fall Member Get a Member Campaign Offers Cash Prizes to IMA Members Membership for College Students is a mere $39.00 for a year an exceptional value. (Less than 11 cents per day) IMA ® members know the value of membership, to sharpen their on-the-job skills and broaden their career Regular membership is $195.00 opportunities. Member endorsement to other colleagues is A Young Professional Membership is available for those the best way to spread the word about IMA . That's why IMA is bringing back the successful Member Get a 33 and under for $130.00 Member campaign. Now through October 30, 2009 IMA A discounted rate of $98.00 is available for full time members who recruit one or more new members will have a chance to win one of three cash prizes! faculty members of an accredited organization. There is a one time registration fee of $15.00 for all This month, IMA members in North America and select International members* will receive, via postal mail, a memberships except Student and Young Professionals letter from Jeff Thomson, IMA president and CEO, describing the campaign and an information flyer about Will you be the Calumet Chapter’s Next IMA benefits. Members in all other countries will receive campaign details via e-mail. During the campaign period – September 9 to October 30, 2009, IMA members are encouraged to sign up as many new members as possible. For each new member application returned (a special application will be included in the promotional The Calumet Chapter’s Historic 65th year is sponsored in mailing), the recruiting member will receive a chance to part by Hock International win one of three cash prizes awarded by random http://www.hockinternational.com drawing: First Prize: US$1,000; Second Prize: US$600; Third Prize: US$400. Winners will be announced in the Visit the Calumet Chapter Website December 8, 2009 edition of IMA Online News. http://www.imacalumet.com for a special discount code to get 10% off your order of CMA or CIA review Materials. “Thanks to IMA members, we have a wonderful association that has served professionals, organizations, and society for 90 years. By growing IMA 's membership, Sample CMA Question from Part 2: -Management we will be able to offer more valuable products and Accounting and Reporting services, and broaden our voice in representing the management accounting profession,” said Mr. Thomson. Garland Company uses a standard cost system. The standard for each finished unit of product allows for 3 For less than the price of a cup of coffee per day, IMA pounds of plastic at $0.72 per pound. During membership provides a variety of valuable benefits, December, Garland bought 4,500 pounds of plastic at including: $0.75 per pound, and used 4,100 pounds in the production of 1,300 finished units of product. What is the material efficiency variance for the month of -approved webinars December? -person networking through more than 200 local Chapters a. $144 unfavorable. LinkUp IMA b. $150 unfavorable. c. $432 unfavorable. If you'd like to sign up a new member now, please contact d. $450 unfavorable IMA Customer Service at 1-800-638-4427 or at firstname.lastname@example.org to obtain a special Member Get a Member application. Make sure they choose Calumet Chapter Hammond (081) Page 3 President’s Message Entrepreneurship Conference By Mark T. Camarena, CMA On Thursday October 22 and Friday October 23, 2009 Dear Friends: The Midamerica Council along with the Wisconsin Institute of Certified Public Accountants will host 2 The first thing I do each day when I arrive at work is load days of seminars on Entrepreneurship. the accounting office printer with paper and check my assistant’s stapler to make sure that she will have enough The conference will be held at Carroll University – staples to last throughout the day. It can be quite Campus Center Ballroom 100 N. East Avenue frustrating when you have multiple pieces of paper to Waukesha WI 53186. attach, attempt to do so by using a stapler, and then once The cost for 1 day is $250.00. The cost for both days you make the stapling motion, the papers remain detached. is $400.00. Each day has the opportunity to earn 8 A small investment at the beginning of the day sets a hours of CPE. You can register online at positive tone for the rest of the day. http://www.regoline.com/63384_7605846 As we begin the Calumet Chapter’s historic 65th year in 2009- For additional information contact Mary Strautmann 2010. It is time to ask you to take a little time out of your at: email@example.com or Marcia Brown at busy schedule and help us set a positive tone for our historic firstname.lastname@example.org 65th year. We would love to see you at the Kickoff event on The days begin with registration at 7:30 p.m. The first Tuesday September 15, 2009 at Glenwood Oaks when the session begins at 8:00 a.m. A buffet style lunch is Calumet Chapter welcomes Michel Nguessan, Governors included each day. Many speakers will present a State University who wil present SAP-ERP details available variety of topics related to entrepreneurship. A linke to on page 1 of this newsletter. However, the notice may be to short or your schedule may not allow. You can still help the the flier with the exact speakers and topics can be chapter set a positive tone for Our Historic 65th year by found at the Calumet Chapter’s website: renewing your membership and helping spread the word http://www.imacalumet.com about the Calumet Chapter (Hammond-081) of the IMA. The national organization is even offering a chance to win cash if you help us do this. Free CPE On Thursday October 22, 2009 at Sand Creek Country I believe when any sport season or school year starts there is Club in Chesterton Indiana the law firm of Hoeppner, much anticipation and excitement. We hope you will help us keep the excitement of the Calumet Chapter’s Historic 65th Wagner & Evans LLP will present their 12th Annual year alive and well. If you can make the kickoff event, the Accountant’s Seminar. This will be a free seminar other events for the year are listed in this newsletter, maybe with the opportunity to earn 8 CPE credits. you can make it to one or a few. Thank you for your For more information, contact Lois Evans at continued support of the Calumet Chapter of the IMA. email@example.com or (219) 464.4961. Mark T. Camarena, CMA President Calumet Chapter IMA (a not for profit Answer to Sample CMA Question from Part 2: - organization for anyone with an interest in accounting Management Accounting and Reporting or finance serving Northwest Indiana and Southern a. $144 unfavorable. Suburbs of Chicago Illinois) Visit us online at http://www.imacalumet.com 630.530.6707 (W) 219.864.8685 (H) e-mail me anytime firstname.lastname@example.org Page Page 44 CALUMET CHAPTER 2009-2010 OFFICERS AND DIRECTORS PLEASE CONSIDER JOINING THE BOARD: THIS IS YOUR CHAPTER (CALUMET –HAMMOND 081) President Mark T. Camarena 630.530.6707 (W) email@example.com Secretary Jim Spice 815.933.0491(W) firstname.lastname@example.org Treasurer Deb Heim 630.378.6308 (W) debra.heim@patterson_medical.com VP Administration Adolph Ferber email@example.com VP Communications Richard Mielcarz 708.799.6234(H) firstname.lastname@example.org VP Professional Education Bill Biller email@example.com VP Membership (Retention) Anthony Fontana 708.534.5000 ext 5434 (W) firstname.lastname@example.org Academic Relations Wes Christensen email@example.com New Members Richard Mielcarz 708.799.6234(H) firstname.lastname@example.org Director of Employment Al Zurawski 219.477.4488 ext 222 (W) email@example.com Chapter Photographer Al Zurawski 219.477.4488 ext 222 (W) firstname.lastname@example.org Director Program Rosters Warren Cebulko email@example.com Director of Manuscripts Bruce Flowers 219.322.2300 (W) firstname.lastname@example.org Director at Large Brian Guse 219.362.1531(W) email@example.com Chapter Website: http://www.imacalumet.com The Calumet Chapter has a group on Linkedin Calumet Chapter Historic 65th Year 2009-2010 Schedule of Events Continued (Subject to Change) Tuesday October 20, 2009: College Student Night and Member Appreciation Night I with Value Pricing IMA members and Guests $25.00 College Students $10.00. This event will have a 15-20 minute presentation about Linked in by Don Chia, Recruiter with the LaSalle Network. He will show us on the screen how to use Linked in. Remember to join the Calumet Chapter’s Group on Linked in. At this meeting hopefully we will learn how to use it. Also, at this event a representative of RSM McGladrey will speak on SAS70 (Service Audits) Beggars Pizza 15600 Cicero Avenue Oak Forest IL 60452 Tuesday November 17, 2009: Ethics. During hour one the Calumet Chapter’s very own Professor Jim Thomas of Indiana University Northwest will speak on General Ethics. Jim has promised to bring a local CPA with him for hour 2 Ethics in Accounting. This will meet the 2 hour CPE requirement for those holding CMA certification. Location TBD possible Theo’s 9144 Indianapolis Boulevard Highland Indiana, Cost $30.00 for IMA members and Guests. $15.00 for Students. Tuesday December 8, 2009: Holiday Gathering of the Board and spouses/guests with Master of Ceremonies Calumet Chapter own Dick Mielcarz. Gino’s Steakhouse 1259 West Joliet Street (US30) Dyer IN. You can still join the board and attend this event. The cost TBD. If any college students join the board by October 21, 2009 President Mark T. Camarena, CMA will buy your dinner at this event. Alcohol and desserts not included. Tuesday January 19, 2010: 10th Annual Tax Update with the Calumet Chapter’s Very Own Howard D. Elllison at Glenwood Oaks 106 N Main Street Glenwood IL. Cost $30.00 for IMA members/guest $15.00 for College Students Calumet Chapter Historic 65th Year 2009-2010 Schedule of Events Continued (Subject to Change) Monday February 22, 2010 note the date. You asked for a meeting at Papa Joes 14459 S La Grange Rd Orland Park IL and we aim to please but Papa Joes has 2 for 1 pasta on Tuesday night so we can’t get a room then so we will try a Monday night. The speaker will be Dr. Aida Shekib from Governors State University on the topic of Forensic Accounting. Cost $30.00 for IMA members/guests $15.00 for College Students. Tuesday March 16, 2010: Speaker Chuck Carlson with Stock Market Update and Dow Theory. “Our Biggest Night of the Year” College Student Night and Member Appreciation Night II. Value Priced at $25.00 for IMA members/guests $10.00 for College Students Zuni’s 5124 Pine Island Court (Jut off US 30) Crown Point IN. Estimated Wednesday April 28, 2009- Purdue University Hospitality Tourism Management (HTM) Class Gourmet Dinner speaker before the dinner. Spouses/Guests invited. Tuesday May 18, 2009 Chapter Year End Celebration Spouses/Guests Invited. Doug Tillet from the Federal Reserve Bank of Chicago Illinois will speak about “Roles and Responsibilities of the Federal Reserve Bank. Steakhouse 1259 West Joliet Street (US30) Dyer IN. Cost will be $30.00 for IMA members and guests $15.00 for College Students.
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