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
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
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
email@example.com 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
MidAmerica Council Offering 3-$330
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
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 firstname.lastname@example.org
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.
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
-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
email@example.com to obtain a special Member Get a
Member application. Make sure they choose Calumet
Chapter Hammond (081)
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.
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: firstname.lastname@example.org or Marcia Brown at
busy schedule and help us set a positive tone for our historic email@example.com
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. firstname.lastname@example.org 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
e-mail me anytime email@example.com
OFFICERS AND DIRECTORS
PLEASE CONSIDER JOINING THE BOARD: THIS IS YOUR CHAPTER (CALUMET –HAMMOND 081)
President Mark T. Camarena 630.530.6707 (W) firstname.lastname@example.org
Secretary Jim Spice 815.933.0491(W) email@example.com
Treasurer Deb Heim 630.378.6308 (W) debra.heim@patterson_medical.com
VP Administration Adolph Ferber firstname.lastname@example.org
VP Communications Richard Mielcarz 708.799.6234(H) email@example.com
VP Professional Education Bill Biller firstname.lastname@example.org
VP Membership (Retention) Anthony Fontana 708.534.5000 ext 5434 (W) email@example.com
Academic Relations Wes Christensen firstname.lastname@example.org
New Members Richard Mielcarz 708.799.6234(H) email@example.com
Director of Employment Al Zurawski 219.477.4488 ext 222 (W) firstname.lastname@example.org
Chapter Photographer Al Zurawski 219.477.4488 ext 222 (W) email@example.com
Director Program Rosters Warren Cebulko firstname.lastname@example.org
Director of Manuscripts Bruce Flowers 219.322.2300 (W) email@example.com
Director at Large Brian Guse 219.362.1531(W) firstname.lastname@example.org
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
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
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.