IBM Accounting and Finance
It’s Your Career – Capitalize on the Challenges
Indiana University
Lorrie Pate
September 9, 2004
© 2003 IBM Corporation
IBM Accounting and Finance
What Do You Know About IBM?
In what city & state is IBM's Headquarters?
How many people are employed by IBM?
Who is IBM's current CEO?
Where is IBM's largest worldwide site located?
Who is IBM's external auditor?
© 2003 IBM Corporation
IBM Accounting and Finance
How did you do?
Headquartered in Armonk, NY
319,000 employees worldwide
Samuel J. Palmisano - current CEO
Largest Worldwide Site: Raleigh/RTP
PWC is IBM's external auditor
© 2003 IBM Corporation
IBM Accounting and Finance
Did You Know?
IBM has operations in approximately 170 countries
IBM is the 9th largest Fortune 500 company based
on 2003 revenues
IBM is the world's largest information technology
company with 2003 revenues of $89B
IBM invests more than $5B per year in R&D
For the eleventh consecutive year, IBM was the top
recipient of U.S. patents in 2003
© 2003 IBM Corporation
IBM Accounting and Finance
IBM’s On Demand Commitment– Sam Palmisano
“In the on demand era, the enterprises that thrive will be those which
successfully achieve totally new levels of integration: of processes,
applications and employees inside; of suppliers, distributors and
customers outside. Make no mistake, this kind of integration is hard
work, but the rewards are well worth the effort -- an enterprise that is
responsive to changes in its environment, flexible in its operations,
focused on its core competencies, and resilient to all manner of
challenges and threats.
IBM has been a part of the IT industry from day one, and we’ve never
been more optimistic about the future. We’ve committed our entire
company -- the energies and expertise of our global workforce, our
unmatched leadership in innovation, and the industry’s deepest
portfolio of technical assets -- to helping our customers become on
demand businesses. It's been a fascinating and rewarding journey.
And the best is yet to come.”
© 2003 IBM Corporation
IBM Accounting and Finance
IBM US Major Sites
Boulder, CO
Rochester, MN
Somers, NY
Poughkeepsie
East Fishkill
Burlington, VT
Southbury, CT
Research Triangle Park, NC
(Raleigh/Durham)
San Jose, CA
Atlanta
Austin, TX
© 2003 IBM Corporation
IBM Accounting and Finance
Finance – Multidimensional Expressions and Opportunities
Sales &
Distribution
Americas/
EMEA/AP
Global
Services
Systems &
Technology
Group
Brands
Software
Group
Global
Financing
Corporate
Corporate
Personal
Brands
Systems
Group
Enterprise
On
Demand
© 2003 IBM Corporation
IBM Accounting and Finance
Finance – Multidimensional Expressions and Opportunities
Planning
Pricing
Accounting
Treasury
and Tax
Internal
Audit
Business
Development
© 2003 IBM Corporation
IBM Accounting and Finance
Accounting Opportunities
Accounting Analysis
Geography
Brand
Corporate
Consolidation
Financial statement components
•Revenue, Expense, Cost, Balance Sheet
© 2003 IBM Corporation
IBM Accounting and Finance
Accounting Opportunities (continued)
Financial Systems
General ledger
Consolidation
Fixed Assets
Accounts payable
Intercompany
External Reporting
10K, 10Q, Etc.
Annual Report
Accounting Practices
© 2003 IBM Corporation
IBM Accounting and Finance
Other Financial Opportunities
 Pricing
– Establish pricing strategy to optimize IBM financial returns
– Perform in-depth investment analysis of complex business proposals
 Treasury and Tax
– Capital Structure
– Financial Risk Management
– Debt and Capital Markets
– Intercompany Relationships
– Investor Relations
– Cash Management
– Retirement Funds
© 2003 IBM Corporation
IBM Accounting and Finance
Other Financial Opportunities
 Business Development
– Corporate
– Business Unit
 Planning
– Measurements, Budgeting and Forecasting
– Operational Accounting
 Internal Audit
© 2003 IBM Corporation
IBM Accounting and Finance
Financial Career Paths
IBM = Opportunity!
Financial Systems
Financial Reporting
Accounting
Analysis
Internal Audit
Pricing
Tax
Cost Accounting
Planning
Global Financing
Treasury
Business Development
© 2003 IBM Corporation
IBM Accounting and Finance
Accounting Opportunities – Locations
In the US
New York/Connecticut
•Somers and Armonk
Consolidation, Geography HQ, Worldwide Brand,
Corporate Headquarters
•Southbury
Intercompany, Financial IT
Raleigh, North Carolina
•US Accounting Analysis
•Fixed Assets and General Ledger Systems
Various
•Cost Accounting (Plant sites)
• Non-US
© 2003 IBM Corporation
IBM Accounting and Finance
IBM Benefits
401K Plan - IBM matches $0.50 on the dollar up to 6
percent - immediate eligibility
Dental/Medical - An array of options tailored to your
specific needs
Time Off Benefits - Vacations, Holidays, Leaves,
Sickness...
Tuition Reimbursement - For Courses related to Current
Position or Part of Employee's Career Development
Stock Purchase - IBM employees pay 85 percent of
market price for stock
© 2003 IBM Corporation
IBM Accounting and Finance
IBM Benefits continued
Employee Purchase Program - offers discounted prices
on IBM products
Flexible Work Schedules - ability to work from home on
occasion
IBM Club - offers low rates on Employee Fitness Center
and reduced prices for local attractions
© 2003 IBM Corporation
IBM Accounting and Finance
Beginning Your Career
 Local Next Step Program
•Get acquainted with new hires in the area
 Mentoring
•provided by experienced team member to
make the transition period easier
 Education sessions
•for new hires in larger organizations provides
excellent overview of the support you provide
© 2003 IBM Corporation
IBM Accounting and Finance
Your Career
Individual Development Plan allows you to plan
short-term and long-term goals
Frequent career information sessions provided
by IBM employees in other disciplines
Numerous opportunities to both expand and
sharpen your skills in courses provided by IBM
Global Campus
© 2003 IBM Corporation
IBM Accounting and Finance
My Career – Lorrie Pate
MAC 1998
5 years professional experience prior
Internship with the FASB after graduation
5 years with IBM in Raleigh
•Fixed assets accounting for Microelectronics division
•Centralization, Integrations and Divestitures
•Facilitate for accounting and many other financial
aspects
•Project management role
•Team member Team Lead  Worldwide Lead
•Currently worldwide coordinator for Rational
acquisition
•Manager
© 2003 IBM Corporation
IBM Accounting and Finance
Want to learn more?
Go to:
ibm.com/careers
© 2003 IBM Corporation