Volume 77, Issue 3 October 2007 Atlanta Chapter 77th year in the Institute of Management Accountants! PRESIDENT’S MESSAGE Dear Members, Once again, I would like to thank our board for the wonderful job they are doing in providing value to our membership. Your hard work is apparent by the “Standing Room Only” attendance during out September meeting. I would like to thank Bruce Bird for his pre-dinner presentation: “Technology General Controls for SOX 404 & the New PCAOB Auditing Standard #5” and Bob Dow’s dinner presentation: “SOX 404 Rules Update.” I would like to ad that both Bruce Bird and Bob Dow are IMA Atlanta Chapter members and are recognized speakers in our community for their work in SOX. This is a testament to IMA’s continued leadership in the Accounting community and it is nice to know that we don’t have to travel far for professional guidance. Our Lunch & Learn annual “Economic Update” topic on September 27 was presented by Greg Miller Chief Economist with Suntrust Company. Special thanks to all the speakers who take time out of their busy schedule to support IMA’s continued educational objectives. The next few months will be extremely busy for the IMA Atlanta Chapter and I would like to outline several upcoming events: Tuesday October 16th IMA Chapter meeting. Student Night and one of the largest attended events of the year. Pre-Dinner review of CMA, CPA , CIA and CFE certifications. Dinner: CFO Panel on Challenges for Management Accountants with Bob Dow leading the discussion as moderator. Saturday October 20th Memory Walk: Metro Atlanta 5K Walk. Chastain Park 8AM to 10AM. Walk benefits Alzheimer’s Association and the IMA Atlanta Chapter has supported this organization for years. See website for more details. Thursday October 25th The South’s Funniest Accountant. Coca-Cola Roxy in Buckhead. Please see website for additional information or contact Randi Bates, randi@accountantsone.com I look forward to meeting you at the upcoming events and please feel free to invite other professionals who you feel will benefit from IMA’s Atlanta Chapter’s mission to provide value to our members and to the Accounting professional community. Warm regards, Daniel Guelzo, CTS, CPC Chapter President Page 1 Volume 77, Issue 3 October 2007 Atlanta Chapter 77th year in the Institute of Management Accountants! ************************************************************************************************************* October Dinner Meeting – Tuesday, October 16, 2007 Crowne Plaza @ I-285 & Powers Ferry Rd $35 members, $40 Non-members, $Free To All Students and Professors 5:00pm to 6:00pm, Pre-Dinner Technical Meeting 6:00pm to 6:45pm, Networking/Social Time 6:46pm to 8:00pm, Dinner & Presentation Pre-Dinner Technical Meeting “Learn about 5 different certification programs” Certified Financial Professional – Durham Hamilton, CFP Certified Fraud Examiner – To Be Determined Certified Internal Auditor – William Mulcahy, CIA Certified Management Accountant – Larry Loyed, CMA Certified Public Accountant – Norm Clark, CPA Dinner Meeting Presentation “The CFOs speak: Keys to success in today’s changing environment” – A Panel Discussion David Buckel, Chief Financial Officer, Internap Network Services Corporation Tom Cook, Chief Financial Officer, Micromeretics Instrument Company Lance Cornell, Chief Financial Officer, Transcend Services, Inc. Rick Eiswirth, Chief Financial Officer, Alimera Sciences, Inc. Page 2 Volume 77, Issue 3 October 2007 Atlanta Chapter 77th year in the Institute of Management Accountants! Moderator for the panel discussion will be …. Robert F. Dow, JD, CPA, CMA Partner, Arnall Golden Gregory Vice President, Atlanta Chapter, IMA These seasoned financial professionals will give their views on: • • • • • • • How they achieved success Advice for young professionals trying to succeed in a financial career The future of the accounting profession What does management expect and demand today from financial professionals How to communicate and negotiate successfully How to contribute to your company’s success Dealing with ethical dilemmas in the work place Please join the IMA in thanking Accountants One for their sponsorship of this dinner – you can visit their website @ www.accountantsone.com Please make your reservations by calling 404-525-2774 or by website at www.imaatlanta.org ************************************************************************************************************* Accountants One has been recruiting Accounting and Financial professionals in Atlanta since 1973. As a boutique firm, Accountants One focuses on high-quality relationship building. A commitment to honesty, integrity, and confidentiality attracts an exceptional community of candidates focused on ethical career growth. Accomplished financial executives trust Accountants One to be their expert advisor in the area of personnel recruiting. The Accountants One style stresses collaboration and customization - they do their due diligence to understand your organization's needs and unique culture, and then tailor a solution for you. Their extensive network of top CFOs, Controllers, and other senior-level finance and accounting professionals ensures a match with your organization - be it interim or permanent. For more information on Accountants One, visit www.accountantsone.com Page 3 Volume 77, Issue 3 October 2007 Atlanta Chapter 77th year in the Institute of Management Accountants! David Buckel Chief Financial Officer Chief Financial Officer, Internap Network Services, AMEX IIP David Buckel was appointed as Internap's Chief Financial Officer in May 2004. Buckel has been with Internap since June 2003, serving in a number of key financial capacities, including as head of the company's investor relations and financial planning and analysis functions, corporate development, legal and IT as well as leading the company through its March 2004 public offering. Buckel has held numerous executive finance positions over a twenty-year period and was previously Chief Financial Officer for two NASDAQ-listed public companies, Interland Corporation and AppliedTheory Corporation. Buckel was formally a member of the Board of Directors of Vizicom Inc., Gigabeam Corporatein, and Trinity Investment Partners, all NASDAQ listed public Companies. Thomas Cook Chief Financial Officer Thomas K. (“Tom”) Cook joined Micromeritics Instrument Corporation, based in Norcross, as CFO during March 2005. Micromeritics designs, manufactures, and distributes a range of specialized laboratory instruments used to analyze small particles. Tom joined General Electric Company’s Financial Management Program in 1975 at GE Mobile Communications upon graduation from Drury College in Springfield, Missouri. This was the start of a 22 year career with GE that included assignments with GE’s Corporate Audit Staff, Corporate Financial Planning and Analysis, and a wide range of operational financial positions with GE Plastics, GE Electrical Distribution and Control, and GE Lighting. At GE Plastics, Tom was CFO of GE Plastics’ structured sheet and film business. While with GE Lighting, Tom was Manager of Financial Planning and Analysis for GE Lighting Europe, a $700 million Pan European manufacturer and distributor of consumer and commercial lighting products. Tom left GE in early 1997. After an assignment as CFO for the fire alarm security division of the old General Signal Corporation (now SPX), he moved to the Atlanta area in mid-1998 as CFO for Heraeus Amersil, a $200+ million manufacturer of high purity glass products for the optical fiber and semiconductor industries. After restructuring Heraeus Amersil in response to the collapse of the optical fiber market, Tom left Heraeus in mid 2002 and joined WAM!NET, a $120 million provider of information technology services, located in Eagan, Minnesota as CFO. Upon the sale of the company to a competitor, Tom worked as a private consultant before joining Micromeritics. Tom’s background, in addition to the CFO roles mentioned above, has included financial assignments supporting large scale Marketing, Product Management, Technology and Manufacturing divisions, Financial Planning and Analysis and Auditing positions, mostly while with GE. Tom is a member of Financial Executives International. He and his wife Mary Beth live in Suwanee and have four grown children. Page 4 Volume 77, Issue 3 October 2007 Atlanta Chapter 77th year in the Institute of Management Accountants! Lance Cornell Chief Financial Officer Lance Cornell has served as Chief Financial Officer, Treasurer and Secretary of Transcend Services, Inc. (NASDAQ: TRCR) since November 1, 2005. Prior to joining Transcend, Mr. Cornell served as Chief Financial Officer at Facility Resources, Inc., a private consulting firm specializing in facility-related project management, systems implementations and outsourcing for large corporations. Prior to that, Mr. Cornell served in chief financial officer and controller positions in two separate publicly traded companies in the healthcare information systems industry. Mr. Cornell is a licensed Certified Public Accountant and holds a Bachelor of Science degree from the University of Colorado. Rick Eiswirth Chief Financial Officer The newest member to the Management team, joining Alimera Sciences in 2005, Rick is responsible for strategic finance, accounting, human resources, and information technology. He brings a wealth of financial management experience to the team with both public and private ventures. Prior to joining Alimera, Rick has been active in Atlanta’s business circle for more than 15 years, with experience that includes financial and accounting management, mergers and acquisitions, and initial public offerings, as well as entrepreneurial and start up operational activities. Rick is the founder of two consulting practices, Brand Ignition Group and Black River Holdings, Inc. He is also the former chief financial officer and senior executive vice president of Netzee, Inc., a provider of internet banking solutions to community banks that went public in 1999. Rick started his career in Arthur Andersen’s audit and business advisory practice where he was a senior manager and certified public accountant. He has an accounting degree from Wake Forest University and serves on the board of directors for both Seattlebased Jones Soda Co. and Norcross-based Color Imaging Inc. Page 5 Volume 77, Issue 3 October 2007 Atlanta Chapter 77th year in the Institute of Management Accountants! ************************************************************************************************************* Lunch Meeting – Thursday, October 25, 2007 *NOTE THAT THIS MEETING IS AT THE LAW OFFICES OF ARNALL GOLDEN GREGORY, LLP* 171 17TH Street, Suite #2100 Atlanta, GA 30363 (404) 873-8500 $15 members, $20 Non-members 11:30am to 1:00pm “Topic & Speaker - To Be Determined” – Originally planned topic on “Lean Accounting In The Private Sector” to be rescheduled for sometime in 2008. Please make your www.imaatlanta.org reservations by calling 404-525-2774 or by website at & Please join the IMA in thanking Arnall Golden Gregory, LLP for their continued support of the IMA. You can learn more by visiting their website @ www.arnallgoldengregory.com. ************************************************************************************************************* Page 6 Volume 77, Issue 3 October 2007 Atlanta Chapter 77th year in the Institute of Management Accountants! Come One – Come All IMA Atlanta Needs Your Help! IMA Atlanta Chapter is seeking volunteers to help serve at the Alzheimer’s Association Memory Walk Saturday October 20th at Chastain Park Training dates for volunteers: Thursday October 11th from 6:00-7:30 pm Saturday October 13th from 9:30-11:00 am Located at the association office: 1925 Century Blvd NE, Suite 10 Atlanta, GA 30345 (404)728-1181 We have also set a team goal to raise $1000; so far we have raised $100 If you would like to donate click on the following link: http://atlantachastainmemorywalk.kintera.org/faf/home/default.asp?ievent=223557&lis=1&kntae223557= 249C19246CB24AEA9BECBDFD9BDDB34C&login=o Bottom right hand corner go to the Team Rank box, click on >>more Search and click on IMA Atlanta Chapter Choose option: General Team Donation Should you have any questions please contact myself or Chuck Bernstein: Stevecarter@collectron.net Chuck.bernstein@jeffersonwells.com Thank you for your support! Page 7 Volume 77, Issue 3 October 2007 Atlanta Chapter 77th year in the Institute of Management Accountants! GulfSouth Council Activities Update The GulfSouth Council had several members in attendance at the National Conference. There were three Chapters that received awards: Atlanta – 18th Stevenson Division, Montgomery – 9th Warner Division and Chattahoochee Valley – 10th Warner Division. The Student Chapter of Athens State University received an Award of Excellence and Jason R. Jones, Athens State Student Member, received an IMA Memorial Education Fund Scholarship. The Council held its annual planning meeting on August, 25. The Board made plans for the upcoming year. Meeting locations and PD session topics were discussed. The Fall Council Meeting and PD session were held in Orange Beach, AL on September 14 and 15. Both the PD and Council Meeting were well attended. The Winter Council Meeting and PD session are scheduled for February 15 and 16, 2008 in Birmingham, AL and the Spring Council Meeting and PD session are scheduled for May 16 and 17, 2008 in Orange Beach, AL. The Board would like to express their sympathy to the family and friends of Joe Cheleno. Joe passed away on August 18 at the age of 90. He served as a national officer in the National Association of Accountants and later the IMA. He was a member of the Stuart Cameron McLeod Society and an active member of the New Orleans Chapter and the GulfSouth Council (formerly the Dixie Council). He was president of the Dixie Council from 1979-1980. He will greatly be missed by our Council. Robin Mangham, President IMA, GulfSouth Council ************************************************************************************************************* To learn more about the IMA, visit their website @ www.imanet.org. Page 8 Volume 77, Issue 3 October 2007 Atlanta Chapter 77th year in the Institute of Management Accountants! Certified Management Accountants: Professionals Driving Business Performance. To learn more about IMA's CMA Certification program, please visit http://www.imanet.org/certification.asp . Institute of Management Accountants 10 Paragon Drive Montvale, NJ 07645 (800) 638-4427 * Please visit www.imanet.org to learn more about the above topics….. Advancing the Profession IMA is dedicated to rebalancing the accountancy profession by educating society regarding the business building role of management accountants and finance professionals working inside organizations. Certified Management Accountant (CMA®) – The Gold Standard Join a leading group of professionals who have advanced beyond the practical accounting skill set by earning IMA’s prestigious global certification, the Certified Management Accountant (CMA®). Evolve into a strategic business partner committed to a standard of excellence grounded on a strong ethical foundation and a lifelong commitment to learning. Position yourself for career advancement and greater earning power. Gain a significant competitive advantage while demonstrating accounting, finance, information management and strategic planning skills necessary to drive business performance in the changing global economy. Learn more Vision Statement The world's leading association for management accounting and finance professionals. Mission Statement To provide a dynamic forum for management accounting and finance professionals to develop and advance their careers through certification, research and practice development, education, networking, and the advocacy of the highest ethical and professional practices. Page 9 Volume 77, Issue 3 October 2007 Atlanta Chapter 77th year in the Institute of Management Accountants! Atlanta Institute of Management Accountants – IMA Board of Directors for 2007-2008 Name Position Email Phone Daniel Guelzo President dguelzo@aol.com (404) 290-6184 Herbert Root Treasure herbert.root@us.vanderlande.com (770) 250-2820 darla.worsham@bankersx.com (404) 605-0100 Darla Worsham Secretary & VP / Administration & Points Daniel Hester Director Registration Desk dhester@harborcompanies.net (770) 454-7325 Chris Cowart Attendance Logs ccowart555@bellsouth.net (770) 622-5445 Molly Gregware Second @ Registration Desk mgregware@acsysinc.com (770) 206-1302 Vicki Whitehead Points Administrator vickillw@aol.com (770) 300-8872 jimweisel@gmail.com (404) 643-6534 rcoons@randallpaulson.com (770) 650-7558 renee@computersolutions911.com (770) 926-7930 ddolph@bellsouth.net (404) 521-2454 lloyed@aderholdproperties.net (404) 526-9800 stevecarter@collectron-usa.com (678) 937-0606 Jim Weisel Robert Coons VP / Communications & Corporate Development Newsletter Editor Webmaster - website supported by Renee Nix Darleene Dolph Electronic Communications Larry Loyed Sponsors & Advertising Steve Carter Community Service Chuck Bernstein Second @ Community Service Diane Ackerman VP / CMA Programs Tammy McLain VP / Membership & Student Affairs Robin Einarson Chuck Martin Member Acquisition / Recruitment Member Orientation / Retention csbwsm@aol.com (678) 524-8686 diane.ackerman@pilgrimspride.com (770) 393-5559 tmclain@acsysinc.com (678) 393-2100 reinarson@acsysinc.com (770) 206-1370 cprmartin@aol.com (770) 337-9847 (678) 491-4091 Chris Cobb Student Relations / Dinners / Membership chriscobb205@comcast.net Ed McAlexander VP / Education for Dinner Meeting Programs ed@bluetreesearch.com (404) 467-5762 mjatas@bellsouth.net (770) 924-8786 jkimbrell@na.ko.com (404) 526-1084 robert.dow@agg.com (404) 873-8706 Marcine Johnson Director of Education Programs Jay Kimbrell Bob Dow VP / Education for Lunch Meeting Programs Robin Mangham Gulf South Council President rmangham@bcbsal.org (205) 220-2738 Marcine Johnson Gulf South Council Regional Director marcine@atasinfo.com (770) 924-8786 Tim Minster TimMinster@tugtech.com (678) 581-7714 Jim Leimbach jleim@bellsouth.net Ellissa Vermillion vermillione@bellsouth.net AT LARGE MEMBERS (404) 238-3137 Page 10