Newsletter - Morris

Newsletter
www.morrisessex.imanet.org
A Tradition Helping Develop Successful
Accounting and Financial Leadership
Our Chapter’s Next Meeting
Volume 86 Issue 03
October 2013
President’s Message
Please note our new meeting location:
Sheraton Tara Parsippany
199 Smith Road, Parsippany
Fellow Members,
Our September meeting was quite enlightening as
Tim Gearty had us reveal our personality traits
through a simple test we took. It also helped us
identify how to deal with our coworkers by
understanding how they tick. Tim earned us 2 CPE
during a fast paced entertaining presentation. Also,
it was wonderful to see many first time attendees.
Wednesday, October 16, 2013, 6:15PM
1 CPE
Cost $35 (College Students $30)
Join us for Longevity Month
as we celebrate 50-year Member Anniversaries
Our Featured Speaker and Topic:
Peter Tarhanidis, Quest Diagnostics
Change Management
Peter Tarhanidis, Program Director, Invigorate,
joined Quest Diagnostics in 2012.
He supports
business transformation initiatives across the seven
Invigorate flagship programs and is developing an
enterprise-wide project management capability in
collaboration with the Business Performance
Excellence team. Prior to joining the company,
Peter was a Principal Management Consultant with
PA Consulting Group. He has also held IT leadership
roles with Johnsons & Johnson, financial / IT roles at
the Metropolitan Museum of Art and supervised
customer
service
operations
at
Federated
Department stores. Peter holds an MBA, and BA in
Economics and is a certified Project Management
Professional (PMP), Six Sigma Black Belt and IT
Service Management (ITIL v3.) He volunteers with
the Project Management Institute and was a
National Malcolm Baldrige Quality Examiner.
Please inform Bill Barish if you will be attending:
[email protected]
I am looking forward to another quality presentation
in October as Peter Tarhanidis from Quest
Diagnostics
will
be
speaking
on
Change
Management. Please note that we have moved
the monthly dinner meetings to the Sheraton
Tara Parsippany. It is at 199 Smith Road, just
off of Route 287 and 80. We would love to see
our new members attend as well as our faithful
membership.
This meeting will also be designated as Longevity
Month and we are thankful for those that have been
dedicated and supportive of IMA for years.
Reaching the 50-year milestone and have been
invited to attend are:
John A. Kirkpatrick
Brian X. Duffy
Kenneth Hickman, CPA
Let’s pray that we have a safe October and not
experience a repeat of the major storms of the last
2 years!
Regards,
Contents:
Page
Next meeting
1
President’s Message
1
Highlights from our September Meeting
2
NJ Council 2013 Fall Conference
3
CMA Subject and Financial Fact
4
Calendar of Upcoming Meetings
5
Sponsors
5
CPE Thoughts for this month
5
Editor: Paul Natalizio IV, CPA.CITP
Contributors: Paul Natalizio IV, Bill Grammaticas, Don Phillips
Bill Grammaticas
Morris-Essex Chapter President, 2013-2014
_________________________________________
Thought for the Day
Control your own destiny or someone else will.
Jack Welch
Page 1
Highlights from our September Meeting
From left to right, Alan Shandler, Alan Greenfield,
Robert Ewalt, Pat Basile, Bill Grammaticas, Maribel
Lee, Bill Barish and Doug Garofalo enjoy some
networking time before the meeting.
Chapter President Bill Grammaticas holding our 20122013 3rd Place Newsletter Award and Runner-up
Certificate for Public Relations presented by Bill
Pezzano, our NJ Council President.
Paul Natalizio, Vera Matthews (a student at Caldwell
College), Doug Garofalo, Maribel Lee, Charlie Rall, and
Bill Barish following the presentation.
Our speaker, Tim Gearty, answers a question as others
read his slide.
Tim Gearty drives home another point during his
energetic presentation about Emotional Intelligence for
Effective Executive Leadership.
Bill Grammaticas presents Tim Gearty with a small
token of our Chapter’s appreciation for his
presentation.
Page 2
The New Jersey Council is pleased to announce the 2013 Fall Conference:
Down the Jersey Shore
This full-day seminar encompasses various topics that offer
Continuing Professional Education (CPE) credits.
CONFERENCE HIGHLIGHTS
Location
The Breakers on the Ocean,
Spring Lake, New Jersey
Date: Monday, October 28, 2013
Time: 8:00AM – 5:00PM
Ethics
Microsoft Excel
(includes breakfast, lunch and breaks)
Topics covered
Communication
Information Technology
Presenters
Howard Bookbinder, CPA
Craig Brody – C Brody Associates
Paul Hatrak – Hatrak Associates, LLC
Brad Monterio – Colcomgroup, Inc.
Michael Stenger & Krystal Triumph, CHTP – Atlantic-IT.net
Space is limited!
Visit www.njcouncil.imanet.org to take advantage of this great seminar!
Registration Fee: $140
ACCOMMODATION SUGGESTION:
The Breakers on the Ocean
1507 Ocean Avenue, Spring Lake, NJ
(732) 449-7700
http://www.breakershotel.com
Be sure to mention the IMA when booking to secure your
10% discount for conference attendees!
On room rates $120 and higher
Page 3
XBRL
CMA Subject and Financial Fact
Variance Analysis
There are different types of variances: materials variances, direct labor variances, overhead variances (both
variable and fixed), variances in ledger accounts, plus sales, and product mix variances. Variance analysis is an
important tool of the management accountant because it enables responsibility to be assigned. It also permits
management by exception. This is the practice of giving attention only to those situations in which large
variances occur, thus allowing management to devote time to solving problems in the business not just routine
supervision of subordinates. Variance analysis is an important tool which every business person whether
accountant, manager, department foreman, or marketing person should be familiar with. Variances affect
everyone, every product, and all inventories. Below are several types of manufacturing standard cost variance
analyses:
Page 4
Calendar of Upcoming Meetings
Date
Topic
Nov. 20, 2013
Lean in a New Economy
Dec. 18, 2013
Identity Theft
Jan. 15, 2014
Tax Update
Feb. 19, 2014
FINRA
Mar. 19, 2014
Insurance
Apr. 16, 2014
TBA
May 21, 2014
TBA
Speaker/Organization
Robert Devine
Sax Macy Fromm
TBA,
Valley Bank
Phil Drury
Smolin Lupin
Dev Modi
Lyon, Glassman, Leites, & Modi, LLC
TBA,
Aon
TBA,
Robert Half
TBA,
TBA
Theme
Past Presidents
Holiday Celebration
Bring an Associate
CMA Recognition
Young Professionals
Student Recognition
Member Appreciation
As always, please check your monthly newsletter or www.morrisessex.imanet.org
for any venue or speaker updates during the course of the Chapter year.
Thank you to our Chapter Sponsors
Make a Difference in our Chapter by Volunteering
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due to everyone’s participation.
Page 5