IMA logo - The Association of Accountants and Financial Professionals in BusinessThe Nation's Capital Chapter #0044  

Kapitol Dome Newsletter  

December 2015   

 

Website    |    Calendar of Events   |   Gov Contr Breakfast    |   

 

Welcome to Our Newest Members!

 

     Gregory Roberts                Kathleen Parry

     Yunxuan He                      Alexis Brown

 

IMA Member Milestones - Congratulations!

 

20 Years - Mark Burroughs and Donald Watkins

30 Years - Bradford Jones

 

 

 

PRESIDENT'S MESSAGE

 

Dear Members,
 

Holidays are here and we will conclude 2015 with our Wednesday, December 9 event at the University of Maryland University College (UMUC) Academic Center.  Referred to as ‘in Largo’ near the Largo Town Center Metro (and also the Carrolton Metro Station) but service is available to 1616 McCormick Dr, Upper Marlboro MD.   Many will recall we met at the UMUC Largo Academic Center last December!    

 

Arrive for our 4 pm Table Topics Program for an additional 1 CPE. We will discuss “Personal Financial Planning – Where are we now?”  The Pizza Buffet from Ledo Pizza dinner arrives at 5 p.m. We begin our formal 1 CPE credit program at 5:30 p.m. “Income Tax Planning - Perspectives and Views” by Professor Jack D. Sharkey, CPA, MST, will provide an interesting update, concluding by 6:30 p.m. We end our evening with networking, or enjoy the early adjournment!

 

As 2016 begins we will announce future meetings and events!  Please consider attending our next Government Contractor Breakfast, Tuesday, January 12.  Darrell M. Hineman, CPA, CFE, is a director with CohnReznick’s Government Contracting Industry Practice, located in the Washington, D.C. His focus will be on CAS-Covered Contracts  and disclosures. (see details at our http://www.imanationscapital.org/ website and calendar).  The breakfast is held at the Tower Club, 8000 Towers Crescent Drive, Suite 1700, Tysons, VA 22182.  Please check the 17th Floor receptionist to find our room, and get your parking validated (http://www.clubcorp.com/Clubs/The-Tower-Club-Tysons-Corner).

 

Our next event in January is scheduled for Wednesday January 27. We are planning a barbeque in January theme for networking. The CPE topic will focus on financial reporting and management.  This meeting will be at the UMUC Largo Academic Center once again.

 

We value your input so please, if you have an idea for a location or topic, please contact us!

 

Click on our IMA National Links and reach out to the world with Webinars and Resources! http://imanationscapital.org/ includes a calendar of events in the left column and “About IMA” in the upper right horizontal menu. 

 

This month’s Strategic Finance magazine includes coverage of Bluetooth innovation. Change is coming! See http://sfmagazine.com/post-entry/december-2015-a-new-bluetooth-in-2016/  While we seek to avoid costly changes in our business also consider the Cost of Disruptions article at http://sfmagazine.com/post-entry/december-2015-the-cost-of-manufacturing-disruptions/ The analysis can be used for service industries as well when considering the action and reaction consequences of unexpected change.  The December IMA Strategic Finance magazine, available at http://sfmagazine.com/ includes several articles on innovation and rethinking corporate reporting!  The web site also includes previous issues and related articles.  

 

Visit our web page http://imanationscapital.org/ to make your connections and access the world!

 

Please encourage membership in our IMA and promote the CMA certification program, beginning with the CMA exam.  Our area chapters sponsor the Washington School for exam preparation.  See http://imanationscapital.org/Events/CMA_program.htm  Many CMA holders benefited from IMA meetings and networking prior to completing the exam and certification process. We look forward to serving you as 2015 closes and 2016 opens.

 

Please visit our web site and connect with your IMA Chapter!

 

Kathleen

 

Kathleen Sobieralski, President

president@imanationscapital.org

 

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Career Opportunity

 

IMA has a free online job listing to help you find your next career opportunity.  Go to http://jobs.imanet.org/jobseeker/search/results/ and filter the results by State (you can select multiple states by holding down the CTRL button on your keyboard as you select the State name).

 

Here is one of the most recent listings for our area:

 

Senior Financial Analyst

Job ID: 25961346
Position Title: Senior Financial Analyst
Company Name: Exelon Corporation
Job Function: Accounting/Finance
Location(s): Baltimore, Maryland, United States  
Posted: November 28, 2015
Entry Level: No
Job Type: Full-Time
Salary: 70200 USD - 109800 USD (Yearly Salary)

APPLY FOR THIS JOB

Contact Person: Api User
Email Address: apiuser@exeloncorp.com
Apply URL: http://www.careerwebsite.com/link.cfm?c=UaYDgoCHU2...

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Accounting Most Likely to be Subsumed by Automation

 

Did you see the article in Strategic Technotes this month on this subject?  It quoted some research in the UK, which indicated that the probability of "vocational extinction" for accountants is 95%.  The researchers arrived at this conclusion because the work accountants do involves content and products that are objective and analytical.  These are skills that an intelligent robot may be able to do better than you can some day.  How do you like those odds?  If you are nearing the end of your career,you might not care so much.  But students and those accountants and finance professionals in the early and middle years of their careers might want to pay attention! 

 

The big question is what can you do about it?  The researchers point out some factors that may make your job less susceptable to automation.  These included negotiation skills, helping and assisting others, and coming up with original ideas.  In other words, focus on building skills and competencies that cannot be easily automated. Keep up with the latest technological advances.  Learn to use the technological tools you have to their fullest capability.  This will free your time to focus on tasks requiring creative and social intelligence, and help you win the race against technological advancement.

 

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Enter the 2016 Carl Menconi Ethics Case Competition

 

Cases are focused on business ethics, and the winning case is featured in Strategic Finance.  Deadline: January 26, 2016 

 

Case studies jointly authored by academics and practitioners are strongly encouraged.  Real-world cases are strongly preferred, but fictional cases, especially those with some basis in practice, will be considered.  Case submissions are refereed by members of the IMA Educational Case Journal (IECJ) Editorial Advisory and Review Board using a double blind review process.

 

See the IECJ webpage for more information.

 

 

UPCOMING EVENTS LIST

 

Check out our full monthly calendar on the website.  It lists all the upcoming events - our NCC (Nation's Capital Chapter) events as well as many free CPE opportunities presented by IMA Global.

 

  • Dec 8        1-2 pm IMA Inside Talk Webinar - Gaining Strategic Advantage Through the Cloud
  • Dec 9        IMA NCC Dinner Meeting, UMUC Largo Academic Center, Largo, MD (More....)
    • 4 pm Table Topic - Personal Financial Planning: Where are we now? 1 CPE
    • 5 pm Registration
    • 5:15 pm Dinner Buffet
    • 5:30-6:30 pm Tax Planning: Perspectives and Views 1 CPE
  • Dec 15       1-2:30 pm IMA Leadership Academy Webinar - Transformational Leadership
  • Dec 17       1-2 pm IMA Inside Talk Webinar - Innovation Leadership and Governance: Mastering the Yin and Yang

 

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Save the date and plan to join us at IMA's  Annual Conference & Exposition scheduled for June 18-22, 2016, in Las Vegas, Nevada

     

 

 

The Nation's Capital Chapter has partnered with the CPA School of Washington to provide live CMA internet classes. more.....

IMA Global Online Communities

 

 

 

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