April 2015 Newsletter

INSTITUTE OF
MANAGEMENT
The HUB
C O N N E C T I N G
Y O U
W I T H
S P A R T A N B U R G ’ S
I M A
Imaspartanburg.org carolinascouncil.imanet.org A P R I L
2 0 1 5
ACCOUNTANTS
Monthly Lunch
meetings held at
The Piedmont Club
361 E. Main St.
Spartanburg
Next Meeting
April 14, 11:30 a.m.
Regular Members $20.00
Retired Members $16.00
Students $11.00
IMA Spartanburg
2014-2015 Board
President
Harvey Hicks
President-Elect
Angela Geter
Vice Presidents
Richard Burgess
Glenda Sparnell
Elizabeth Cole
Travis Sutton
Directors / Council /
Committee Members
Susan Mullins
Paul Garner
Jill Blondo
Amie Busbee
Peggy Reeves
Harold Rakes
Katy Hone
Frieda Hisker
Rick Thompson
Michael Wooten
Jennifer Sprouse
Roman Konyrev
Denny Boll
Cindy McMaster
Cindy Cobb
The board meets before every lunch
meeting at 11:00. All members are
invited to attend.
Power Your PotenƟal
Dear IMA Spartanburg Area Chapter Members:
Spring is finally here! Don’t forget the IMA Carolinas Council 2015 Spring Conference
on April 22-25, 2015 at the Hilton Myrtle Beach Resort in Myrtle Beach, SC for a
chance to receive up to 16 hours of CPE.
At the March meeting Jeffrey D. Creech, CPA, CMA, PMP, “The Ethical Accountant”
gave us a very interesting discussion of ethics. At this month’s meeting we have
Michael Wolf, an economist with Wells Fargo Securities, giving us an Economic
Update.
Congratulations to the following members for their years of service being celebrated in
April:
T. Larry Leopard 45 years, Oren Brady 35 years, and E. Martin 5 years.
April 18th is the Spartanburg IMA wine tasting event. For those of you who joined us
last year for this event, it was an evening of great Italian food, wine and fellowship.
This year, the featured food and wine pairings will be from Spain and Argentina. This
event will honor our past chapter presidents and CMA’s and will include a special gift
for those in attendance. Reservations and payment are due by April 13th. Checks
should be made payable to “Spartanburg Area IMA” and mailed to:
Denny Boll
8 Bellows Falls Drive
Greer, SC 29650
The IMA has been going strong in Spartanburg for over 60 years. We have a vibrant
and active chapter that promotes fellowship, networking and continuing education. For
us to continue to receive the benefits that our Chapter offers we need more members
to volunteer for the open positions for next year. Please consider stepping up to help
for the 2015-2016 year. None of these positions take a lot of your time and helps us
keep going strong. We still have a need for the Secretary, Assistant Treasurer & a
coordinator for Community Responsibility. Talk to Susan Mullins or any Board
Member if you can help!
Best Regards,
Harvey Hicks
IMA President, Spartanburg Chapter 2014-2015
Jordan Oil Company
1451 Fernwood Glendale Rd
Spartanburg, SC 29307
(864) 585-2784 x129
[email protected]
IMA Spartanburg Chapter Meeting – April 14, 2015
Michael Wolf, Economist
Wells Fargo Securities, LLC
“Economic Update”
Michael Wolf is an economist with Wells Fargo Securities, covering both U.S. and regional economies.
Based in Charlotte, N.C., he writes indicator reports, special commentary, and contributes to the
company’s Weekly Economic & Financial Commentary.
Prior to joining Wells Fargo in 2013, Michael worked as a regional and international economist at
Moody’s Analytics. Additionally, he measured trends in compensation as an economist for the Bureau
of Labor Statistics.
Michael has a master’s degree in international economic policy and statistics from Columbia University
and Baruch College, respectively. He also holds a bachelor’s degree in economics from the University
of Maryland.
He is a member of the National Association of Business Economics and Charlotte Economics Club.
2014-2015
Chapter Meetings
THE
HUB
July 15, 2014
August 12, 2014
September 9, 2014
October 14, 2014
November 11, 2014
December 9, 2014
January 13, 2015
February 10, 2015
March 10, 2015
April 14, 2015
May 12, 2015
IMA CAROLINAS COUNCIL
2015 SPRING CONFERENCE
“Back to Basics” Wednesday, April 22 through Saturday, April 25, 2015
8:00 am – 5:00 pm
Hilton Myrtle Beach Resort
10000 Beach Club Drive
Myrtle Beach, SC 29572-5304
Tel 843-449-5000
16 Hours Continuing Professional Education Credits
NEW - Wednesday PM Golf Tournament
Dinner Thursday and Friday Evening
Saturday Morning Council Meeting
Registration is now open.
Don’t miss out on this great networking & CPE opportunity!
Two Samuels and IMA PresentCulinary offerings and wine pairings from
Spain/Argentina
SATURDAY, APRIL 18, 2015 – 7:00PM
Honoring our past presidents and cmas
The Culinary Hub
147 East Main Street, Spartanburg
Presentation by Southern Wine and Spirits
Featuring:
Cheese Board
Array of Spanish Cheeses – manchego – Mahon
Dried Chorizo – Pickled Pepper - Jam
*Reception*
Sparkling Segura Aria Heridad Reserve
Bruschetta
Bruschetta Crostini topped with White Beans with Spinach and Sausage
Marques de Riscal Reuda Blanca
Empanadas
Carnitas Empanadas – Slow Roasted Pork – Srirachi and Lime Crème Fresh
Primus Carmenere
Paella
Seafood Paella with Shrimp – Mussels – Bay Scallops – Spanish Rice Cake
Ramon Bilboa Rioja Reserve
Lamb
Roasted Baby Lamb topped with Chimichurri – Truffle Infused Potatoes and
Fried Leeks
-Wine Selection PendingDessert course / Social
Mini Tres Leches
$40 Per Person
For Reservations, contact Denny Boll at 864-582-7556, or at [email protected]
Reservations and payment required by April 13, 2015
CONNECTING
YOU
WITH
SPARTANBURG’S
IMA
IMA News
CMA® Certification Entrance Fee and Exam Fee Increases
July 1, 2013,
(InstituteOfficer,
of Certified
Accountants)
be
HeidiEffective
Kerns, Rutherford
County ICMA®
Schools Finance
receivedManagement
the State Treasurer’s
Award ofwill
Excellence
in
Accounting
Management.
Mrs. program:
Kerns accepted the award at the Board Meeting May 8 on behalf of
raisingand
theFinancial
fees related
to the CMA
Rutherford County Schools and the rest of the RCS Finance Department.
• The CMA Exam Fee will increase from $350 to $380 per exam part. ICMA will
continue to offer a $100 discount if both parts are taken during the same testing
window.
• The CMA Certification Entrance Fee for candidates entering the program will increase
from $225 to $240.
The change in fees is the first increase made by ICMA in more than two years,
reflecting the increase in costs to administer the program. We’re confident you’ll agree
that CMA certification remains a wise investment of time and cost, enabling expanded
career opportunities and earnings potential.
CMA® Certification Fee Structure Change for Student and
Academic Members
Effective January 1, 2014, ICMA® (Institute of Certified Management Accountants) has
made the following fee structure changes to the CMA program:
• The Student/ Academic CMA® Entrance Fee has increased from $75 to $120.
• The $100 discount when a student or academic registers for both parts at the same time
for the same testing window has been eliminated.
The new membership application with the updated rates can be found on IMA’s website in
the Online Store under Membership Products.
THE
HUB
How to Update Your Profile
Because IMA Global has just updated their Web Site, the instructions have changed. So if you have moved, changed
jobs (retired also), got a new e-mail address, phone number, fax number, or a new area code for your telephone, you can
easily update your profile trough the following steps:

Go to www.imanet.org.

Click on log in

Your log in is your IMA membership number

Put in your password (Your last name)

In the upper right hand corner you should see “Welcome, (And your Name)”

Click on that

Click on View my Account Profile

Hit Go

You can now edit your home and business address

At the bottom of the screen, under My Communications methods, you can change your email and telephone
numbers.
Check it out just to make sure IMA has everything correct. If going online is not for you, you can always call
1-800-638-4427 and speak to a customer representative about updating your profile.
It is important that we have the correct information. The Evite uses the current roster to notify you of meetings. Our
newsletter director uses your email address on record to notify you that our newsletter is ready for viewing. If the
information is not correct, you may not be getting communications in a timely manner.
Contacts:
Meeting Topic Ideas
Jill Blondo
[email protected]
CPE Certificates
Jill Blondo
[email protected]
(Reference CPE Certificate in subject line of email.)
CMA Program
TBD
TBD
Spartanburg IMA Website
Richard Burgess
[email protected]
EVITE
Frieda Hisker
[email protected]
Carolinas Council Info
Peggy Reeves
[email protected]
Newsletter Input (submit by Cindy Cobb
last week of month prior to
issue date)
[email protected]
Job Openings
[email protected]
Cindy Cobb
APRIL TRIVIA
1. The custom of giving eggs at Easter me has been traced back to whom ? a. Egyp ans b. Greeks c. Romans d. All of the above 2. According to the Na onal Retail Federa on, how much do Americans spend on Easter candy ? b. $2.2 billion a. $1.1 billion c. $3.3 billion d. $4.4 billion 3. What are the three names for the Passover holiday ? a Pesach, Seder, Hag Hamatzot b. Hag Hamatzot, Zeman Heirutenu, Seder c. Zeman Heirutenu, Seder, Haggadah d. Pesach, Hag Hamatzot, Zeman Heirutenu 4. According to the IRS, the error rate for paper individual income tax returns is 21 percent. What is the error rate for e‐filed return ? a. Half a percent b. 5 percent c. 10 percent d. 20 percent 5. What was the average refund amount for the 2013 individual income tax returns ? a. $1,100 b. $2,010 c. $2,725 d. $4,055 6. April is Na onal Garden month. According to the Na onal Gardening Associa on, what percentage of all households in America are growing food at home or in a community garden ? a. 12% b. 19% c. 26% d. 35% 7. April Fool’s Day originated in Europe during the 16th century when which country switched from the Julian to the Gregorian calendar, changing New Year’s Day from April 1 to January 1 ? a. France b. Germany c. Italy d. Spain 10. Who was the last player to win the Masters without breaking 70 in any of the four rounds ? a. Craig Stadler b. Larry Mize c. Nick Faldo d. Zach Johnson TRIVIA ANSWERS 1. D 6. D 2. B 7. A 3. D 8. D 4. A 9. D 5. C 10. B 8. April is Jazz Apprecia on Month. In what city did jazz emerge ? a. Chicago b. Harlem c. Memphis d. New Orleans 9. The first Earth Day celebra on consisted primarily of environmental demonstra ons but also helped propel which of these ac ons ? a. Crea on of the Environmental Protec on Agency b. Amendment of the Clean Air Act c. Development of the Clean Water Act d. All of the above