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IMA’s 13 Th Annual Student Leadership Conference Betty Cossitt Joana Kardys-Stone Kira A. Wirges Aleksandra Szwabo.

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Presentation on theme: "IMA’s 13 Th Annual Student Leadership Conference Betty Cossitt Joana Kardys-Stone Kira A. Wirges Aleksandra Szwabo."— Presentation transcript:

1 IMA’s 13 Th Annual Student Leadership Conference Betty Cossitt Joana Kardys-Stone Kira A. Wirges Aleksandra Szwabo

2 San Antonio, TX

3 IMA  Industry Tour – HOLT CAT  Peter Holt invented the CAT track system  Large CAT distributor & servicer  Interesting highlights:  Started meeting with emergency procedures  Approx. $1 billion in inventory  $150 million in A/R  Provides about 40% of all financing  Created “school” to train mechanics

4 IMA  Being the Groundbreaker  Bryant Ambelang, Chief Executive Office & President, Nature Sweet Tomatoes  Each of us has something to offer  Use the “U-Pop Model”  The How of what we do is unleashing the power of the People.  How is this measured?  Individuals that look up  Three Solutions of Poverty  Philanthropy  Government Programs  Creating a “Better Way”

5 IMA - Career Tracks Converging on Management  Accounting Presenters:  Amanda Mathis, MBA, CPA  Director –Accounting, Michaels Stores Inc.  Benjamin Mulling, CMA, CPA CITP  Tente Casters, Inc.  Jeremy Vryhof, CMA  Senior Analyst, Financing Training and Development, Stryker Corporation

6 IMA - Career Tracks Converging on Management  Volunteering, Internship & Job  Team work – very important  Find your Niche of what you can be an expert in  Not everyone will have the same passion

7 IMA - Career Tracks Converging on Management  Key of Success  Never Stop Learning  Know your Niche  Become available for opportunities  Communication is Key  Social Networking

8 IMA – Finding a Mentor  C.S. “Bud” Kulesza, CMA, CFM,  Dean Emeritus, IMA Leadership Academy  Leadership: Helping Others to Succeed,

9 IMA – Finding a Mentor  Mentoring Process  The mentee learns from the mentor then tries to equal or surpass the performance of the mentor.  The mentor advises, trains, and educates then lets go.  The mentor works in a variety of different modes nurturing, supporting, protecting, asserting, risk taking.  A strong bond always develops so maintain contact but maybe not as mentor/mentee.

10 IMA- Leading from Any Seat  Jeffrey Q. Jardine, CMA, CPA, PMP, Manager  Enterprise risk Services, Deloitte & Touche LLP  How to Overcome Generation Y = Y Bother  Entitlement  Create Era of Collective Leadership  Get things done and do them well  Focus on Management Vision  Be Kind

11 IMA – Planning, Budgeting and forecasting: A Primer  Charles E. Davis, Ph.D., CPA,  Professor of Accounting, Baylor University  Prediction is very difficult, especially if it’s about the future  Financial Planning is not just Accounting  Why to Forecast  Competitor Actions  Variance from Current Forecast  New Product  New Market  Changing commodity prices

12 IMA – Planning, Budgeting and forecasting: A Primer  What to remember about:  Understand the BIG picture  Understand the seasonality of the business  The budget must reflect operational reality  Maintain a rolling forecast

13 IMA – Ethics 101: What You Need to Know  Steven a. Martin, J.D., CPA  Owner, Steve Martin’s MDS CPA Review and professor, Capital University  What is Ethics?  Ethic’s is the study of “Morals”  All of law is Morality, depends on what we legislate  Study of the “good Life  Immanuel Kart = Duties & Responsibilities to one another  Protect the People

14 IMA – Ethics 101: What You Need to Know  An Accountant  Shall maintain integrity and objectivity  Shall not knowingly misrepresent facts  Shall be free of conflicts of interest  Shall not subordinate to others any professional judgment

15 IMA – Becoming a Game Changer!  Mike Lejeune, CPC, CTS, CERS  President, Steverson & Company  Game Changer  Productive  Independent  Contributes  Accomplishment

16 IMA: Introduction to Lean Six Sigma  Six Sigma is a disciplined, data-driven approach and methodology for eliminating defects (driving toward six standard deviations between the mean and the nearest specification limit) in any process  Three Things to Remember  Use the 5 Why’s to define root cause and solution  Domino effect  Success is not Logical, Innovate  Logical is what everybody else is doing  Flow, Lean is creating a flow

17 IMA: CMA Survivor  CMA Survivor  Lisa Beaudoin, CMA, Director of Educational Partnerships, IMA  Kris Parsons, Ph.D., CMA, CFM, Associate Professor Ashland university  75-80% of all accountants in industry vs. public  CMA’s earn on average $27,000 more per year  Provided specifics about the exam and requirements for taking exam, getting & maintaining CMA

18 IMA: Business Etiquette: the new Rules in a Digital Age  Phil Willingham, District President  Professional Staffing Services, Robert Half International  Messages to Avoid  The Rant  The Scandal Sheet  Marketing Spam  Bad news  The Time Waster

19 IMA: Career Round Tables  Kim Wallin, CPA, CMA CFM, Nevada State Controller  Noel Fairbanks, CMA, Plant Controller, Ethicon  Lareal Jiles, Business Change Analyst, BP-NAGP NGL  Amanda Mathis, CPA, Director-Accounting, Michaels Stores, inc.  Jeremy Vryhof, CMA, Senior Analyst, Finance Training and Development, Stryker Corporation

20 Thank you!


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