From: Institute of Management Accountants- Rochester Chapter [[email protected]]
Sent: Tuesday, June 30, 2009 10:16 AM
To: Quattrone, Stephanie A
Subject: Summer Newsletter-IMA- Rochester Chapter
Institute of Management Accountants
Rochester Chapter Newsletter
In This Issue
2009-10 BOD
CMA Course
Email Security
Unlock New Opportunities
Dear Stephanie,

The first year of my presidency is drawing to conclusion and I am extremely honored and humbled to be elected to continue on as president of this tremendous organization for another year! I am very excited about what lies ahead for the chapter and its members.  2008-2009 was an amazing year that culminated in several awards for the Rochester chapter.  I greatly appreciated all of the efforts of the Board of Directors and you in coming out to events and supporting the programs we put together. Special thanks to Board VPs: Jody Allison/Paychex (also past president), Lisa Filio, and Allison Beard/Robert Half for leading and motivating their directors and associates!
I would like to highlight the fact that the effort this year from Susan Glenz/Sentry and Tate Russell/Robert Half on the yearbook was well recognized by National, with a First Place in the yearbook roster competition in our division.  There is a long-standing tradition of success for the chapter in our annual roster book, and we look forward to Tate and new board member John Siwicki of Johnson and Johnson going for a repeat! In addition, the chapter placed 25th overall this year in the Stevenson division which includes 92 chapters This is now two years in a row that we placed and something we all should be really proud of.   Past President Toni Spina kindly accepted our awards in person in Denver at the IMA National Conference. 
The BOD for next year is included in the newsletter. Please welcome our returning board members as well as the following new additions to the board:  John Siwicki from Johnson and Johnson, Josh Stern from MWI, Kristen Lupinetti from Garlock and Jessica Johnston from Datrose. 
We will be working diligently over the summer to put together a slate of programs that we are hopeful will exceed the expectations of the membership.  Please contact me directly with comments, suggestions or questions regarding what we can do to continue the long tradition of having a successful IMA chapter.
 
Regards, 
 
David Alkins/Chapter President
585.613.6427
[email protected]
2009-10 Board of Directors
To view your new Board of Directors visit our website www.imarochester.org and click on the Link for IMA BOD
Fall 2009 CMA Course
Certified Management Accountant (CMA)
Review Program
Niagara University - Niagara Chapter IMA
Covers the reorganized CMA exams
 
Starts September 12, 2009
Saturdays, 9 am to 12 noon
 
Call today to register: (716) 286-8181 - Continuing Education
www.niagara.edu/cce
 
CMA Part 1: Business Analysis
9/12, 9/19, 9/26
CMA Part 2: Management Accounting & Reporting
10/3, 10/10, 10/17
CMA Part 3: Strategic Management
10/24, 10/31, 11/7
CMA Part 4: Business Applications
11/14, 11/21, 12/5
All topics from Parts 1, 2, and 3 plus:
Organization Management
Organization Communication
Behavioral Issues
Ethical Considerations 
Course Fees: Call Today to Register - Space is Limited
 
MasterCard and Visa Accepted
 
Call today to register: (716) 286-8181
Continuing Education
 
$195 for 1 part
$295 for 2 parts
$395 for 3 parts
$495 for 4 parts
 
3 CPE hours per session 
 
Beware of Phishing Emails
Please keep an eye open for emails that purport to be talking about 'wire transfers'. They will contain an attachment that you DO NOT want to click.
(the attachment is usually named:        details.rtf )
Below is an example of the structure of this type of email:
The phishing e-mail looks like this:

From: Kenneth Duford [mailto:ken.duford@<VARIOUS-DOMAINS>]
Sent: Wednesday, June 0X, 2009 XX:XX PM
To: <VICTIM E-MAIL>
Subject: Re:Please verify wire details <VICTIM NAME>
The wire transfer has been released.
BENEFICIARY : <VICTIM NAME>
ABA ROUTING# : XXXX1197
ACCOUNT# : XXX-XXX-XXX394
AMMOUNT : $17,653.15
<TARGETED VICTIM COMPANY NAME>
Please check the wire statement attached and let me know if everything is correct.
I am waiting for your reply.
Kenneth Duford
--- On Sun, 02/06/09, <VICTIM NAME> <VICTIM E-MAIL> wrote:
From: <VICTIM NAME> <VICTIM E-MAIL>
Subject: wire transfer
To: ken.duford@<VARIOUS-DOMAINS>
Date: Mon, 1 June 2009, 10:47 AM

We still haven't received the wire transfer.
Thank you
<VICTIM NAME> .
This email scam is being targeted at Accounting Professionals!
Hidden Business Opportunities
Despite the very real challenges presented by the difficult economic climate, positive-minded, creative business leaders are uncovering ways to position their firms for both short- and long-term growth. Based on Robert Half International's recently released guide, 7 Hidden Business Opportunities in Today's Economy, here are several strategies for emerging from the downturn stronger than ever:
Nourish Grassroots Ideas
The most revolutionary ideas don't always come from the top. Employees "in the trenches" are particularly motivated to come up with new solutions in tough times because they know their livelihoods are tied to the company's success. Listen to them. Emphasize to every member of your accounting team, regardless of their level, that you're interested in hearing their suggestions. Provide handy tools, such as internal blogs, intranet sites or even suggestion boxes, to encourage employees to share their thoughts on improving processes, consolidating functions, boosting morale and saving money.
Strengthen Your Talent Bench
Hiring activity is down, but some progressive companies are shrewdly bringing aboard top accounting professionals. Many outstanding performers are now on the employment sidelines through no fault of their own. Even as you closely monitor budgets, it makes long-term sense to selectively hire talented individuals who may be difficult to attract in more robust times. This is especially true if these candidates are proficient in multiple areas or have specialized expertise that can help you both now and when conditions improve.
And once hired, don't make the mistake of assuming these strong employees are so good they don't need your support. Identify opportunities for them to continue growing.
Invest in Training
Now's the time to reinforce training efforts - not cut them. Trimming developmental opportunities may save you money immediately but can cost dearly in the long run. Employees who feel their company is not invested in their careers will be the first to jump ship when an improving economy brings new job opportunities. Continuing to make professional development a priority will help you build a more skilled, versatile and loyal staff. You can still stay within budget by using low-cost, high-reward initiatives ranging from launching a formal mentoring program to sponsoring weekly brownbag training classes. You may be able to interest recently retired employees in leading some of the sessions or ask current team members who recently attended an important industry conference or seminar to share what they learned with their colleagues. 
For more ideas about building business in a downturn, see 7 Hidden Business Opportunities in a Challenging Economy, available at
Sincerely,
 
IMA Rochester
Institute of Management Accountants- Rochester Chapter
 
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