Kapitol Dome newsletter                    July 2015                          

 

Please join us!

Dear Members,

 

The IMA NCC chapter board met after our Wednesday June 17, 2015, dinner meeting and CPE presentation. A slate of officers and directors for the 2015/2016 program year was presented and prepared for official election by the members. At the end of this newsletter please find the proposed Board of Directors.  On Wednesday July 15, our next dinner meeting (details below), members in attendance will vote whether to approve the 2015-2016 Board of Directors.  A quorum is not needed for this election. The results of election will be posted on our website, listed in our next newsletter, and transmitted to IMA Headquarters. 

 

As our year officially ends June 30, this was effectively our final official meeting until the new program year begins July 1.  The networking of long time and new friends was followed by a bountiful dinner and the auditing and accounting update.  It was the first meeting for several new members as well as for a couple members who transferred to our chapter in recent weeks. 

 

Visit the Strategic Finance website, the new design and focus is amazing!   http://sfmagazine.com/  IMA, as a leader in business, finance, accounting and strategy, continues to develop diverse resources, building at the local, regional, national, and international levels. 

 

Check out the web site http://competencycrisis.org/  as we all strive to promote our profession.   

 

You may have an interest in a recent article on budgets and the links to business strategy and success:  http://sfmagazine.com/post-entry/broken-budgets-2/

 

Share the value of IMA and membership with others! 

 

Plan to join us on July 14 and 15, as well as future dates, including August 19, and September 15 and 16.  We continue to encourage guests and students to attend! Watch our web site for updates and announcements! http://imanationscapital.org/

 

Thank you for your support.  What you do makes a difference.  Please, encourage others!


Appreciatively,

 

Kathleen Sobieralski

Kathleen

 

Kathleen Sobieralski, President

president@imanationscapital.org 

 

 July 14, 2015, 8-9:30 am

NCC Government Contractor's Breakfast

Tower Club, Tysons, VA 

 

 

Labor Recording - Compliance and Internal Controls

Presented by Sarah Holland and Sam Davidson

 

Labor, with its allocated indirect costs, represents one of the most significant costs charged to the Government that is not supported by third party documentation. Because of this it carries a significant risk to the contractor to ensure it is accurately recorded to contractual tasks and billed to the Government.

 

This session, presented by Sam Davidson of GovConConsulting2013 and Sarah Holland of Unanet, will address:

·         Basic compliance requirements;

·         Labor fraud indicators;

·         Consequence of non-compliance;

·         Implementation of comprehensive  internal controls;

·         Accounting for uncompensated overtime and total-time-accounting;

·         Issue of “fragmented” labor recording;

·         Properly defining the employees work week;

·         Issuance of authorized charge numbers;

·         Importance of proper employee qualifications; and

·         Needed policies and procedures.

 

Location: Tower Club, 8000 Towers Crescent Drive, Suite 1700, Tysons, VA 22182. Ask 17th floor receptionist for our room and to get parking validated.  http://www.clubcorp.com/Clubs/The-Tower-Club-Tysons-Corner

 

Sponsor: Access National Bank is a Gold Sponsor of the IMA Government Contractor Breakfasts, allowing us to host the events at the Tower Club for a reasonable price.

 

Schedule:       

  • Doors open at 7:00 AM
  • Speaker starts at 8:00 AM
  • Done by 9:30 AM 

 

Price:     $30 Prepaid Online in advance

                  $35 Cash or check at the door


Benefits: 1 hour of CPE, breakfast buffet, and networking with other government contracting professionals

 

Register Now!

Your advance reservation helps us ensure that the room size is adequate.

 

If you have already registered, but would like to save $5 by prepaying, please visit:

http://imanationscapital.org/Govt%20Contr/gov%20confirm.asp

 

 

 

July 15, 2015, 6 - 8:15 pm

NCC Dinner Meeting

Holiday Inn-Rosslyn, Arlington, VA

 

 

Statement of Cash Flows – a Second Look

Presented by Leon W. Hutton, CPA, CGFM

 

The direct method of the statement of cash flows will be increasingly important for reporting at all levels for all organizations. Now is the time to take a second look at the statement of cash flows, how it is constructed, and what it means!  Join us for new developments and 1 CPE. Guests are welcomed and encouraged to attend!

 

Our speaker for this session, Leon W. Hutton, CPA, CGFM, is Deputy Chief, Financial Management Division, Office of the Chief Financial Officer for the U.S. Citizenship & Immigration Services, Department of Homeland Security, in Washington, DC. Leon Hutton has over 30 years teaching experience in accounting, finance, and strategy for several universities in the Washington, DC, area.  He is a teacher-practitioner working for the U.S. Citizenship & Immigration Services, overseeing financial reporting, internal controls, and the financial statement audit.  

 

Location: Holiday Inn Rosslyn, 1900 Fort Myer Drive Arlington, VA  22209, Parking is Free (in lot or garage).  Metro: 1 block downhill from Rosslyn orange/blue line

 

Schedule:  

  • 6:00 p.m.         Registration
  • 6:30 p.m.         Dinner

Menu: ​Tenderloin Tips Teriyaki, Egg Rolls, Sweet-n-Sour Sauce 

Fresh Fruit Tray

Coffee, Decaf, and Iced Tea

  • 7:00 p.m.         Program
  • 8:15 p.m.         Adjourn

*** NCC Board Members please stay for a meeting after adjournment

 

Price:

  • $30 IMA members and Guests
  • $15 for students
  • $35 late RSVP/pay at the door

Click to Reserve

Already reserved, just need to pay?

 

Benefits: 1 hour CPE, dinner, and networking with other management accounting and finance professionals

 

 

2015 IMA Case Writing Competition Deadline is this Month!

 

IMA is soliciting submissions for a case writing competition. Cases in any area of management accounting or related fields are invited. 

 

Cash prizes for the winning cases will be: 

  • $2,000 for first place
  • $1,000 for second place  
  • $500 for third place

Click here for submission guidelines. Make your submission by July 11, 2015.

 

CPAschool.com       CMAschool.com

CMA SCHOOL OF WASHINGTON

CMA2 Classes Begin July 14 - There's still time to join, ENROLL NOW!

The CMA (Certified Management Accountant) is the leading professional designation in the fields of Management Accounting and Finance. Our mission is to help you become a Certified Management Accountant.  You can take our program live in the convenience of your home or office. We provide you with lots, tons, scads of other learning materials.

 

USE THESE LINKS TO FIND OUT MORE ABOUT:

    SCHEDULE FOR LIVE CMA INTERNET CLASSES

    All classes Tuesday and Thursday from 7 to 9 PM New York time in the convenience of your home or office.

     

    • Financial Decision Making (CMA2) - 16 sessions on bonds, stocks, derivatives, capital budgeting and GETTING RICH. Classes start July 14. Testing: September or October.

     

    CAUTION. Be careful of the "next year" syndrome. We have had long experience with people who are going to take the CMA and/or CPA but they aren't going to take them now but maybe next year and they have been planning to do so for many years. "Next year" doesn't mean next year, it means thirty years from now.

     

    If you completed your college program more than five years ago and are not yet certified, we urge you to enroll NOW and we will send you books and materials so you can do some advanced study in preparation for the forthcoming class.

    ENROLLMENT

    It's easy to enroll over the internet. Just click this link to go to the enrollment form.

    • You can fax your enrollment form to us at 703-CPE-5745.
    • You can enroll over the phone by calling us at 703-273-5745. Please have your credit card ready.
    • You can mail your enrollment to us at CMA School, 3819 Lee Street 2nd floor, Fairfax, VA 22030.

    Do not put your career on hold. Enroll now.

     

    Enter "NCC or Nation's Capital Chapter" on the enrollment form for a $100 discount.

     

    UPCOMING EVENTS IN JULY

     

    IMA Inside Talk Webinars (free to IMA members)

    • July 15, 2015, 1-2 pm Talent Supply Chain Management – Find the Missing Link
    • July 22, 2015, 1-2:30 pm Business Intelligence and Predictive Analytics: What’s in it for You?

    Go to http://www.imanet.org/programs-events/ima-webinars/inside-talk to register.

     

    IMA Leadership Academy Webinars (free to IMA members)

    • ​July 21, 2015, 1-2:30 pm The Good, the Bad, and the Ugly of Presenting: Tips for Giving Effective Presentations

    Go to http://www.imanet.org/programs-events/ima-webinars/leadership-academy-webinars to register.

     

     

    Save These Dates!

    • August 19, 2015, 6-8:15 pm NCC Dinner Meeting: Change Management, Fraud and Ethics presented by Joseph Grandinetti, CPA
    • September 15, 2015, 8-9:30 am NCC Government Contractor's Breakfast: How to Prepare a DCAA-Compliant Cost or Price Proposal presented by Paul Calabrese, Rubino & Company
    • September 16, 2015, 6-8:15 pm NCC Dinner Meeting: Pensions, Planning & Property Taxes presented by Ibrahim Koroma, CPA

    Welcome to Our Newest Members!

     

    Lisa Turkeltaub     Christopher Muracco    Ghislaine Kouam    Tanya Walker    

    Kenny Muller          Meng Wang                    Alexander Hardy    Yishi Ma    

    Antanae Jenkins    Deborah Robinett        Stephanie Bienick    Michael Vernon                                        Abbie Robinson            Ayman Saeed

     

     

    IMA Member Milestones - Congratulations!

     

    20 Years: Bernard Mustafa

     

    Your Proposed 2015-2016 NCC Board of Directors

     

    • Kathleen Sobieralski, President
    • Amy Blechinger, Vice President of Administration and Secretary
    • Patricia Martin, Vice President of Communications
    • Kathy Turner, Vice President of Membership
    • Andy Bursten, Treasurer
    • Stephen Wills, CMA Director
    • William Maxwell, Director of Contractor Breakfasts
    • Frank Homburger, Director at Large and Global Board/SCMS Liaison
    • Richard Gustafson, Director at Large
    • Zacharia Avirah, Director at Large

     

    Nation's Capital Chapter | Institute of Management Accountants  

    Serving Management Accountants in the Metro DC area

    Click to visit our Chapter website