A PUBLICATION OF THE DENVER—CENTENNIAL CHAPTER The … · 5 CMA Learning System instructors...
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1 December 2005 The General Ledger A PUBLICATION OF THE DENVER—CENTENNIAL CHAPTER http://www.denverima.org Rocky Mountain Chapter http://www.imarockymountaincouncil.org The Chapter SOCIAL is just around the corner -- January 18 th , 2006 This is your opportunity to show your fellow workers, boss and other professional acquaintances what a wonderful group the Denver-Centennial IMA really is. It also presents a chance to catch up with members who you may not have seen in a while, exercise your networking skills, or just enjoy yourself and revel in your chapter’s 3 rd place ranking. Anyone interested in getting CMA/CFM certified as one of their goals for the year 2006? We will have information and a sign-up list to get you started on the way. Please join us for free appetizers and a drink at: BUCKHORN EXCHANGE 1000 OSAGE STREET 5:30-8:00PM WEDNESDAY, JANUARY 18, 2006 Colorado's most historic eating and drinking em- porium, located at 1000 Osage Street in Denver, Colorado, is now in its second century of operation. The Buckhorn Exchange, which has liquor license Number One in the State of Colorado, was started in 1893 by Henry H. "Shorty Scout" Zietz, easily recognized as one of the most colorful figures of the Early West. In 1875, when Henry was only 10 years old, he met Col. William F. "Buffalo Bill" Cody. Within two years young Henry was a full-fledged member of the hard-riding, straight-shooting band of scouts. It was during the years that Henry rode with Buffalo Bill that the great Indian leader, Chief Sitting Bull, dubbed him "Shorty Scout" due to his diminutive stature. "Shorty Scout" Zietz be- came a lifelong friend to the Indian, and when he died in July of 1949, the last of Cody's famous scout band was gone. But it was his restaurant, the Buckhorn Exchange, that chronicled the lusty days of early Colorado. From the time it opened its doors here on Osage Street in 1893 it catered to cattlemen, miners, railroad builders, silver barons, Indian chiefs, roustabouts, gamblers. businessmen, the great and the near-great. It seems that history, a square meal and a lusty drink always lived side by side at the Buckhorn. DIRECTIONS: Take I-25 to the Colfax exit and turn right onto Osage Street which is at the foot of the Colfax overpass. Go 5 bocks to the corner of 10th and Osage. LIGHT RAIL: stops as the Buckhorn. Catch the light rail anywhere between downtown and Little- ton. Get off at the Osage Station, across the street from the Buckhorn. RSVP: By Thursday, January 12 th to Mike Handy at [email protected] or 303-300-0188.
Transcript of A PUBLICATION OF THE DENVER—CENTENNIAL CHAPTER The … · 5 CMA Learning System instructors...
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December 2005
The General Ledger A PUBLICATION OF THE DENVER—CENTENNIAL CHAPTER
http://www.denverima.org Rocky Mountain Chapter http://www.imarockymountaincouncil.org
The Chapter SOCIAL is just around the corner -- January
18th, 2006 This is your opportunity to show your fellow workers, boss and other professional acquaintances what a wonderful group the Denver-Centennial IMA really is. It also presents a chance to catch up with members who you may not have seen in a while, exercise your networking skills, or just enjoy yourself and revel in your chapter’s 3rd place ranking.
Anyone interested in getting CMA/CFM certified as one of their goals for the year 2006? We will have information and a sign-up list to get you started on the way. Please join us for free appetizers and a drink at:
BUCKHORN EXCHANGE
1000 OSAGE STREET
5:30-8:00PM WEDNESDAY, JANUARY 18, 2006
Colorado's most historic eating and drinking em-porium, located at 1000 Osage Street in Denver, Colorado, is now in its second century of operation. The Buckhorn Exchange, which has liquor license Number One in the State of Colorado, was started in 1893 by Henry H. "Shorty Scout" Zietz, easily recognized as one of the most colorful figures of the Early West.
In 1875, when Henry was only 10 years old, he met Col. William F. "Buffalo Bill" Cody. Within two years young Henry was a full-fledged member of the hard-riding, straight-shooting band of scouts. It was during the years that Henry rode with Buffalo Bill that the great Indian leader,
Chief Sitting Bull, dubbed him "Shorty Scout" due to his diminutive stature. "Shorty Scout" Zietz be-came a lifelong friend to the Indian, and when he died in July of 1949, the last of Cody's famous scout band was gone.
But it was his restaurant, the Buckhorn Exchange, that chronicled the lusty days of early Colorado. From the time it opened its doors here on Osage Street in 1893 it catered to cattlemen, miners, railroad builders, silver barons, Indian chiefs, roustabouts, gamblers. businessmen, the great and the near-great. It seems that history, a square meal and a lusty drink always lived side by side at the Buckhorn.
DIRECTIONS: Take I-25 to the Colfax exit and turn right onto Osage Street which is at the foot of the Colfax overpass. Go 5 bocks to the corner of 10th and Osage.
LIGHT RAIL: stops as the Buckhorn. Catch the light rail anywhere between downtown and Little-ton. Get off at the Osage Station, across the street from the Buckhorn.
RSVP: By Thursday, January 12th to Mike Handy at [email protected] or 303-300-0188.
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R. Lee Brummet Award Distinguished Award for Educators
Named for Lee Brummet, a former IMA President, the Brummet Award recognizes distinguished academicians in the area of management accounting.
Dr. Brummet served as National President during 1979-80, and has provided many years of leadership as Chairman of the Research and Finance Committees, MAP Committee, Committee on Accounting for Corporate Social Performance, and the Institute of Certified Management Ac-countants’ Board of Regents, and various other national and local positions.
This prestigious award considers the educators achievements in the area of promotion of management accounting and financial management. The criteria (including weight of each area) for successful nominees are:
1. Distinguished Teaching Career in Management Accounting (40%) Background data: years of teaching; variety of classes taught; additional data, such as: i. Teaching Awards, ii. Letters of support from previous students or supervisors
2. Record of Scholarship in Management Accounting (40%) Articles (pertaining to the discipline); record of published scholarship (throughout ca-reer); number and quality of refereed articles (not presentations or proceedings); and grants (pertaining to the discipline) received.
3. Service to the Institute of Management Accountants (10%) Documented work (uncompensated) for IMA (e.g., committees, task forces, etc)
4. Promotion of Management Accounting as a profession (10%) Documented evidence to this effect (items for this area may be listed under item 3, double counting should be avoided).
Submissions that do not itemize information based on these four categories will not be considered. (i.e., submission of a vita to cover all areas is not acceptable). Please e-mail your nomination to Kinsey Jenkins at [email protected] by January 31, 2006.
Denver-Centennial Chapter Archives Review
Mike Westcott was kind to host an Archives Review in mid November. It was great to learn what a rich IMA history we have in Colorado! How it all started…the National Association of Cost Accountants was formed in 1919 in New York City. There was interest in starting a Colorado chapter as early as 1923 but it took 10 years to establish a big enough member base to launch a chapter. We were formally established as a chapter in May 1932
and by 1934 our roster listed 42 members throughout the state. Remember that Denver had a population of 287,000 then. In comparison, NACA had 45 chapters and 4914 members.
Speakers came from Ernst & Ernst, The Mountain States Telephone & Telegraph Company, Daniels & Fisher Stores, the Colorado Fuel & Iron Company, Gates Rub-ber, CU and DU. In those post depression years, topics included the “National Industrial Recovery Act,” “National Financial Legislation of 1933, “Setting Cost Standards for Operating Efficiency.” And “Depreciation Provisions of the 1934 Revenue Act.”
We even had speakers from National visit in October of 1934 for a joint meeting with the Colorado Society of CPA’s. NACA President, Eric Camman from Peat, Marwick, Mitchell & Co spoke on “The Effect of NIRA on Cost Accounting and Standard Costs”. Dr Stuart Cam-eron McLeod (NACA Secretary from 1919 until his death in 1944) also addressed the audience at the Cherry Hills Country Club. You may recognize Stuart’s name from the Award that is presented annually in his honor to promote and perpetuate friendships developed through service in IMA.
Here is a list of Denver-Centennial Chapter members who have received this award: Brad Kaplan, Jimmy Borchers, John Quintana, Joe Ansnick, Otto Butterly, Robert Tinucci, Delores Thompson, Alycia Stanfill, Bobbe Barnes, Dawn Browne and Leslie Karnauskas.
Name Changes to keep up with the times…the National Association of Cost Accountants changed its name to the National Association of Accountants in 1964. Then in 1991, the name was changed to the Institute of Management Accountants. Today…the Denver-Centennial Chapter alone has almost 500 members, plus there are chapters in Boulder and Colorado Springs. The IMA is now worldwide with 66,000 members in 265 chapters.
Besides brushing up on IMA history, what else did we accomplish at the Archives Party? We decreased the number of storage boxes from 9 to 5 and organized them by decade. We saw how technology changed from re-cording attendance by hand until the 70’s, it was on green bar computer paper from an impact printer in the 80’s, it changed to letter size laser jet reports in the 90’s, and guess what?!?!? There were no printed records to look at since 2000 as it was all electronic. We found many years of member records and points reporting by month. For pre-1990, these were all dutifully shredded according to FACTA. Linda Grapengeter Hendrix is now the holder of the archives after Mike Westcott protected them for the last 2 years. Please contact her if you have anything to add to the archives.
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IMA’s CMA Learning System
Offered by Regis University
If you’ve been meaning to study for the CMA Exam, but haven’t been motivated to set aside the time, then the CMA Exam preparation course through Regis Learning Solutions is a great solution. Regis Learning Solutions has partnered with the Denver-Centennial Chapter of IMA to offer the CMA Learning System. By enrolling you will experience the best CMA Exam preparation avail-able.
Description
The CMA Learning System™ includes over 1,300 pages of printed material organized into four courses corresponding to the four parts of the newly revised body of knowl-edge for the CMA Exam. The Web compo-nents include more than 1,200 questions and online application exercises to measure com-prehension of concepts and calculations.
Study Topics
Course One – CMA Part 1: Business Analysis
Business Economics, Global Business, In-ternal Controls, Quantitative Meth-ods, Financial Statement Analysis
Course Two – CMA Part 2: Management Accounting and Reporting
Budget Preparation, Cost Management, Information Management, Performance Measurement, External Financial Report-ing
Course Three – CMA Part 3: Strategic Management
Strategic Planning, Strategic Marketing, Corporate Finance, Decision Analysis, In-
vestment Decisions
Course Four – CMA Part 4: Business Applications
Organizational Management, Organizational Com-munication, Behavioral Issues, Ethical Considera-tions
TUITION includes all materials – The CMA Learning System™
Classes start soon-register before they’re full!
For more information contact Arlo Grady at (303) 526-3005 ext. 118 e-mail [email protected].
To register contact Jesse Greer at (303) 458-4267 e-mail [email protected] fax (720) 529-4844
To register on-line www.regislearning.com
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CMA Learning System instructors needed
As many of you know, IMA’s Denver Centennial chap-ter is working with Regis Learning Solutions to offer a non-credit CMA Exam preparation course based on IMA’s CMA Learning System.
The instructor is one of the most integral elements of any college or university class. I’m sure we can all remember a few instructors who turned a regular course into an extraordi-nary one. This is where we are seeking your involvement.
We need to recruit instructors for the CMA Learning System course. Why should you become an instructor of the CMA Learning System course? Because you’ll have a unique op-portunity to…
Advance the managerial finance and accounting profes-sion in your local community by ensuring develop-ment of advanced-level professionals
Share your knowledge and provide leadership to future CMAs
Network with school officials and students who seek ca-reer advancement opportunities
Earn financial compensation for your chapter and CPE credits for yourself
Are you qualified? We’re looking for instructors who…
Have earned the CMA credential
Have experience teaching, training or facilitating adult learners
Are dedicated to the success of the students – the future of our profession
Have time to prepare and teach 3 hours per week for 8 weeks for Parts 1, 2, and 3, and for 4 weeks for Part 4, of the CMA Exam (a total commitment of 84 hours). A syllabus and instructor materials, including instructor guides and PowerPoint slides, will be provided.
If you are interested in becoming a CMA Learning System instructor or have any additional questions regarding this exciting opportunity, please contact Arlo Grady at (303) 526-3005 ext. 118 or [email protected] .
Gauging Staff Morale
Even in workplaces where a spirit of camaraderie prevails, there are bound to be some dips in morale from time to time. Whether it’s pressure to meet compliance deadlines or the onset of burnout from expanding workloads, waning employee enthusiasm is an issue that every manager must address at some point. That’s why it is critical to quickly
identify lapses in employee satisfaction and take immediate steps to address it.
The first priority is to analyze why morale is low, taking into account as many variables as possible. Ask yourself the following questions to help determine why your team’s spirit may be waning: • Does everyone understand and embrace the mission of
the group? • Are all employees clear about their roles and how their
contributions affect their colleagues and the team’s goal?
• Does the entire group convey enthusiasm? • Are team members able to discuss problems and
challenges openly and constructively without being defensive or impatient with one another?
• Are protocols in place to govern basic processes, including meeting structure and agendas, and conflict resolution? Do participants respect them?
• Has senior management expressed its belief in and support of team objectives?
• Is there a genuine sense of cooperation among those in the group?
• When problems arise, do people band together (as opposed to pointing fingers)?
• Low moral is often due to factors such as interpersonal conflicts, failure to delineate responsibilities or unclear deadlines and direction. While in some cases the problems are so severe that, for example, a project team must be disbanded altogether, most of the time there are ways to get a group back on track.
To correct the situation, come up with plan of action that will enable you to achieve your desired outcome, or at least an acceptable compromise. Schedule private conversations with any individuals you feel are at particularly low moral levels, and be open-minded when you enter the discussions. You may uncover an issue affecting the environment or employee satisfaction that you never perceived to be a problem. Accountemps is the world’s first and largest temporary staff-ing service specializing in the placement of accounting, fi-nance and bookkeeping professionals. The company has more than 330 offices throughout North America, Europe, Australia and New Zealand, and offers online job search services at www.accountemps.com.
Dinner Meetings June 15, 2005 July 20, 2005
August 6, 2005 PICNIC September 21, 2005
October 19, 2005 November 16, 2005
January 18, 2006 - SOCIAL February 15, 2006
STUDENT NIGHT March 15, 2005 April 19, 2006 May 17, 2006
Board Meetings June 22, 2005 July 27, 2005
August 24, 2005 September 28, 2005
October 26, 2005 November 23, 2005
January 25, 2006 February 22, 2006 March 22, 2006 April 26, 2006 May 24, 2006
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President Brian Bedford [email protected] 720.480.3693 President-Elect Linda Hendrix [email protected] 303.463.4690
C:720.205.7785 VP Administration/Finance Patti Simmers [email protected] Treasurer Bill Borgman [email protected] 303.734.0546
Secretary Kathleen Rinkel [email protected] 720.870.2229
VP Membership Paula Frazer [email protected] 303.300.0188
Community Outreach
Database Administrator Sarah Johnson [email protected] 303.871.4930
Employment Larry Hall [email protected] 303.299.1272
Front Desk Lead Person Renee Hiser [email protected] 303.910.2589
Front Desk Person Kendra Kennish [email protected] 303.221.3838
Front Desk Person
Front Desk Person
VP Education Bobby Olsen [email protected] 303.521.8589
Director of Speakers Bobby Olsen [email protected] 303.521.8589
CMA/ CFM Programs Cynthia Berglund [email protected] 303.768.0221
CMA CFM Promotions
CMA Research Person Karen Welborn [email protected] 303.460.4384
CMA Statistician
Student/Activities Night Chairperson
Patti Simmers [email protected] 720.304.9828
Student Night Committee Linda Hendrix [email protected] 303.463.4690 C:720.205.7785
VP Communications
Communications
Newsletter Ray Reed [email protected] 720.236.8822
Web Master Andrew Vara [email protected] 303.672.8717
Roster Editor Nina Trapp [email protected] 720.260.2400
Roster Membership Info Person
Calling Committee Chairperson
Mike Handy [email protected] 720.839.1223
Calling Committee Member Area Conference
Past-President
Dawn Browne [email protected]
303.210.6409
Member at Large (PP) Mike Westcott [email protected]
H:303.306.6866 C:303.917.4407
Member at Large (PP) Gene Robbins [email protected] 303.791.1010
Board Member Listing for the 2005-2006 Chapter Year
Newsletter Deadline—December 30, 2005. Submit articles to [email protected].
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IMA Denver - Centennial Chapter c/o Raymond M Reed 21122 White Pine Lane Parker, CO 80138
The General Ledger
December 2005 Newsletter A Publication of the Denver - Centennial Chapter
Certified Management Accountant Program
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