A PUBLICATION OF THE DENVER—CENTENNIAL CHAPTER
August 2005
The General Ledger
http://www.denverima.org
Rocky Mountain Chapter http://www.imarockymountaincouncil.org
IMA Picnic
Saturday, August 6th 11-4 p.m
Who: Everyone! IMA members,
guests and their Families
Place: Loretto Heights Picnic
Shelter
! MEMBERS, MAKE SURE
YOUR INFORMATION IS
CORRECT IN THE
UPCOMING ROSTER
S. Lowell Blvd. and W. Amherst
Ave, Denver
!
The 2005-2006 Roster will soon go to print
and every year people mention that the roster
had dated contact information for them.
Please help the process by going online to
reveiw your information at www.imanet.org.
To Bring: Please bring your
own folding chair and/
or blanket.
The user ID is your member number and the
Food: The chapter will provide dogs, burgers, buns, password is your last name. If you have any questions
condiments, and beverages. Please select from about the process or your information, please contact
the following categories based on the first President Brian Bedford at [email protected] or
letter of your last name.
President-Elect Linda Hendrix at [email protected].
A-F
G-P
Q-Z
Chips
Salads
Desserts
Dips
Pasta
Cookies
Doritos
Potato
Candy
Coleslaw
Chapter History Archive Party
Attention members - you are invited to an evening in
which the chapter's "Official Library of Historical
Records" will be on display. For those who have
Chapter Newsletters, Rosters, and other items - please
feel free to bring those as well. This is a night to add to
the collection as well as for viewing. We can always
develop a good reason to have an informal get together
for the members spanning the many years we have
been a chapter.
Date/ Time : Saturday October 22, 2005 from 6:00 PM
to 8:30 PM (due to newsletter deadlines and confirming
schedules this date might change).
Location : Eastmoor Condominium's Clubhouse
7201 E Quincy Av Denver, CO 80237 (I-25 &
Quincy)
Who : Anyone that has interest
RSVP : Mike Westcott 303.306.6866
[email protected]
1
2
President’s Letter
I was glad to see so many of you able to attend the July meeting. Our speaker, Chris Arnold, Director of Hoopla, Hype &
Ballyhoo for Chipotle Mexican Grill gave a very informative and entertaining look at the issues in branding along with insights into the history of the Chipolte Company.
The calling committee is in need of some volunteers to help make the calls reminding all of us about the monthly meetings.
This is a great way to expand your personal and professional network while helping out the chapter. Contact Mike Handy at
[email protected] if you are interested.
I would also like to announce we have two positions available to help run the check in desk at our monthly dinner meetings.
The person(s) running the check in desk are responsible for collecting the dinner meeting fees and checking off the
attendance list. They also set out the name tags and any additional materials we have for the members that evening. We
already have two members who rotate with this task, Renee Hiser and Kendra Kennish. Thank you to both of you for
performing this important task. By working the check in desk, you get to meet every member who comes to the meeting.
This is another great way to expand your network and get to know more of your fellow members. By adding two more
people to this position, we can rotate who works the check in desk so no one person will have to do this every month. Many
hands will make lighter work. Contact me if you are interested in this position.
Remember to mark your calendar for the chapter picnic on August 6. There is more detailed information on the picnic
elsewhere in this newsletter.
Save the date of September 21, 2005 for a special dinner meeting. We will be recognizing the outstanding efforts made by
last year’s board and their President, Mike Westott. The Stevenson Trophy and our 3rd place banner will be on display that
night for all to see.
I look forward to seeing all our members and their guests at the picnic.
Regards,
Brian Bedford
[email protected]
3
Identifying and Nurturing Star
Performers
With companies expected to lose a large number of baby-boomer-age managers to
retirement in the coming years, identifying and nurturing tomorrow’s business leaders is critical
in ensuring a firm’s ongoing success.
A recent Robert Half International survey shows
that most firms are preparing future leaders in
their firms. One hundred percent of executives
polled said it is useful for a manager to identify
and groom a successor at work. The majority of
respondents (72 percent) said they are already
training others for an expanded role. Below are
some key issues to consider when selecting
someone to fill your position.
the event you choose to move on.
It may or may not be immediately clear who
would be the best candidate to take over your
position. Just because someone is the strongest
auditor in your department, for example, doesn’t
mean he or she has the necessary skills to manage others. You may need to assess several
members of your staff to better appraise each
person’s specific management and leadership
traits.
Are they ready?
Assign important projects to potential successors
and evaluate how they handle managing the initiatives. How effective are they leading a
team? How do they handle adversity when
things don’t go as planned?
Identifying potential successors
Support and guidance
Many organizations require a successor to be
identified for key roles. Even if this is not a
mandate at your company, it is wise to recognize
which of your staff members would be best
suited to take your place. This will help to avoid
rushed – and perhaps inadequate – training in
When you’ve identified the person whom you
feel will make a good successor, let the individual know. Your star performers, including your
protégé, likely are already receiving outside job
(Continued on page 5)
4
inquiries,
whether they are
looking
or
not. Reinforcing
the message that
he or she is a
critical component of the team
and in line for an
advanced management position
can be a powerful retention tactic.
Support professional development and look
for opportunities
in which your
successor
can
actively participate in important
strategy sessions.
Expose this person to
situations that will help hone his or her
communication, leadership and diplomacy
skills.
Identifying and nurturing a potential successor is
not only vital to ensure a smooth transition once
you accept a new role, but supporting the career
aspirations of proven performers within your
organization will also lead to higher retention
and productivity rates.
Accountemps is the world’s first and largest
temporary staffing service specializing in the
placement of accounting, finance 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. For more information,
call 1-800-803-8367.
Fat Tire Classic
Thank you to all the volunteers that made the
Fat Tire Classic a success this year. The Fat Tire
Classic represents the largest fundraiser for the
local American Red Cross. The event was held
June 24, 25, and 26th in Winter Park Colorado.
The Denver Chapter has supported the event for
over 10 years. Thank you to the following
chapter members for their time; Jon Garrison,
Michele Gustus, Janice Benson, Elizabeth
Bouzis, Peggy Coffman, Tandy,Hill, David
McConkey, Linda Grabe, Wiwiek Haldeman,
Michael Cima, Diana McCarty, Nancy
Rutledge, Brittany Tanner, Sylvia Tanner.
5
IMA’s CMA Learning System
Offered by Regis University
vestment Decisions
Course Four – CMA Part 4: Business Applications
Organizational Management, Organizational Communication, Behavioral Issues, Ethical Considerations
TUITION includes all materials – The CMA Learning
System™
Classes start soon-register before they’re full!
For more information contact Arlo Grady at (303) 5263005 ext. 118 e-mail [email protected].
If you’ve been meaning to study for the CMA Exam,
but haven’t been motivated to set aside the time, then To register contact Jesse Greer at (303) 458-4267 ethe CMA Exam preparation course through Regis mail [email protected] fax (720) 529-4844
Learning Solutions is a great solution. Regis Learning
Solutions has partnered with the Denver-Centennial To register on-line www.regislearning.com
Chapter of IMA to offer the CMA Learning
System. By enrolling you will experience
the best CMA Exam preparation available.
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 knowledge for the CMA Exam. The Web components include more than 1,200 questions and
online application exercises to measure comprehension of concepts and calculations.
Study Topics
Course One – CMA Part 1: Business
Analysis
Business Economics, Global Business, Internal
Controls, Quantitative Methods, Financial Statement Analysis
Course Two – CMA Part 2: Management
Accounting and Reporting
Budget Preparation, Cost Management,
Information Management, Performance
Measurement, External Financial Reporting
Course Three – CMA Part 3: Strategic
Management
Strategic Planning, Strategic Marketing,
Corporate Finance, Decision Analysis, In-
6
Board Member Listing for the 2005-2006 Chapter Year
President
Brian Bedford
[email protected]
720.480.3693
President-Elect
Linda Hendrix
[email protected]
303.463.4690
C:720.205.7785
VP Administration/Finance
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
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
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
Karen Welborn
[email protected]
303.460.4384
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
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
Community Outreach
Front Desk Person
Front Desk Person
CMA CFM Promotions
CMA Research Person
CMA Statistician
VP Communications
Communications
Roster Membership Info
Person
Calling Committee
Chairperson
Calling Committee Member
Area Conference
Mike Handy
[email protected]
720.839.1223
Dawn Browne
[email protected]
303.210.6409
Past-President
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
Newsletter Deadline—August 26, 2005. Submit articles to [email protected].
7
IMA Denver - Centennial Chapter
c/o Raymond M Reed
21122 White Pine Lane
Parker, CO 80138
The General Ledger
Send To:
August 2005 Newsletter
A Publication of the Denver - Centennial Chapter
Certified Management Accountant Program
Forwarding Address Correction Requested
INFORMATION UPDATE (Please Print)
Dr. ___ Mr. ___ Mrs. ___ Ms. ___ Professional Designation ____________________ Account # ___________________________
Last Name ______________________________________ First Name ______________________________ MI ____________________
New/Current Business
Name ______________________________________________________________________________________________________________
Address ____________________________________________________________________________________________________________
City/State/Zip ______________________________________________________________________________________________________
Phone _______________________ Fax _______________________ E-mail __________________________________________________
New Home:
Address ____________________________________________________________________________________________________________
City/State/Zip ______________________________________________________________________________________________________