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IMA’s 13 Th Annual S tudent Leadership Conference. Betty Cossitt Joana Kardys -Stone Kira A. Wirges Aleksandra Szwabo. San Antonio, TX. IMA. Industry Tour – HOLT CAT Peter Holt invented the CAT track system Large CAT distributor & servicer Interesting highlights:
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IMA’s 13Th Annual Student Leadership Conference Betty Cossitt Joana Kardys-Stone Kira A. Wirges Aleksandra Szwabo
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
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”
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
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
IMA - Career Tracks Converging on Management • Key of Success • Never Stop Learning • Know your Niche • Become available for opportunities • Communication is Key • Social Networking
IMA – Finding a Mentor • C.S. “Bud” Kulesza, CMA, CFM, • Dean Emeritus, IMA Leadership Academy • Leadership: Helping Others to Succeed,
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.
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
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
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
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
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
IMA – Becoming a Game Changer! • Mike Lejeune, CPC, CTS, CERS • President, Steverson & Company • Game Changer • Productive • Independent • Contributes • Accomplishment
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
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
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
IMA: Career Round Tables Kim Wallin, CPA, CMA CFM, Nevada State Controller Noel Fairbanks, CMA, Plant Controller, Ethicon LarealJiles, 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