CMA - Certified Management Accountant CFM - Certified in Financial Management Sept 24, 1985

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1 Volume 22, Issue 9 IMA - Institute of Management Accountants West Alabama Chapter CMA - Certified Management Accountant Chartered CFM - Certified in Financial Management Sept 24, 1985 FROM THE COMPUTER OF THE PRESIDENT. Our next meeting of the year will be held at the Country Club of Tuscaloosa at noon on Tuesday, April 18, We will have a special treat for this meeting. Our original speaker was to be Clark Scarvey who was going to give us a retirement plans update but instead Clark will be introducing two of his associates (Jason Sgarlata, CFP and Alistair Harding-Smith, CFA) who will give us a presentation concerning the economic forecast for 2006 that Clark says is absolutely incredible to hear. Call now for your reservation and bring your associates (and your boss) with you. Don t forget the Gulf South Council Seminar to be held on May 19 in Orange Beach. The title of this seminar is Lean Accounting for Lean Organizations. Lean is something that is in the forefront of much management thinking in the Southeast basically due to the auto business. Attend this seminar and see what all the hoopla is about. Lean is not just for manufacturing. It can be applied in any arena of business. See elsewhere in this newsletter for further information and a registration form. And remember that all activities of your chapter are presented with you in mind and we value your input and suggestions. Feel free to contact me at or any other board member listed in this newsletter. We still need Board members for the year! Call me! Bill Petty April 2006

2 Mark your calendars now! Our next IMA Meeting will be 18 Tuesday, April 18, 2006 at THE COUNTRY CLUB OF TUSCALOOSA at 12:00 pm. Call our reservation line at before Noon on Monday, April 17th or Bill Petty at Clark Scarvey has a B.A. in Psychology, The Florida State University 96 and a Juris Doctor of Law, The Birmingham School of Law 00. He s worked from at Regions Bank, Assistant Vice President and Trust Officer, and 2005 Present at Merrill Lynch as a Financial Advisor. He s active in the Rotary Club and the Civitan Club, where he is on the board of directors. His spouse is Rachel Ellenburg Scarvey from Fayette, and they have one dependent - Baxter the boxer. Mr. Scarvey will be introducing two of his assoicates concerning an economic forecast for IMA West Alabama Chapter Schedule of Meetings Date Time Topics Speakers April 18, noon 2006 Economic Forecast Jason Sgarlata Alistair Harding-Smith May 16, noon Trends in the CPA Exam & with Recent College Rich Houston, PhD Graduates NOTE: All Luncheon Meetings except meeting in January and February. All Luncheon Meetings will be held at Tuscaloosa Country Club at Noon.

3 April Anniversaries JOB OPPORTUNITIES Debbi Besant 13 Years Congratulations to these Members on Their Years of Service to IMA! Please let us know if you have any accounting related positions open within your company. Also checkout the IMA Job Bank! Have you had a promotion, marriage or birth in your family? Let me know and we will include your good news in the newsletter!!! You can me at ahouse@cepprod.com. Recruit, Recruit, Recruit This year we hope to add new members to our chapter. Ask your co-workers, friends, or family in the management accounting field to join today! Highlights and pictures from our meetings! You could be a STAR!!!

4 IMA: Who Are We? Check out the website: Plan now to attend this year's Annual Conference in Las Vegas Go to the conference web site, for more information. You should have received your brochure in the mail. If not, click the logo below. Check out To search thousands of seminars, courses, and publications to advance your career visit the IMA Lifelong Learning Center These new brands represent the Institute's renewed dedication to: * building awareness of the value that management accountants contribute to their organizations and to society; * ensuring practitioners have state-of-the-art skills and knowledge; and * creating opportunities for members and other stakeholders to build and sustain a range of valued relationships worldwide. You will see IMA transform in other ways as well, starting with a completely redesigned website that includes new sections, refreshed content and better navigation. We invite you to preview the site's new look and feel - check it out!

5 Gulf South Council One Full Day Course Total 8 Hours CPE Lean Accounting for Lean Organizations Speaker: Brian H. Maskell, President of BMA Inc Friday, May 19, 2006 Registration 8:00 a.m. 8:30 a.m. Seminar with breaks 8 hrs CPE 8:30 a.m.- 4:30 p.m. Catered Lunch 12:00 p.m.-12:45 p.m. LOCATION: Phoenix III ORANGE BEACH, AL Reservations may be secured by calling or Prior to 4/01/2006 Reservation Code Hotel Rates: 1BR 1BA sleeps 2-4 $323.01* 2BR 2BA sleeps 4-6 $396.27* 3BR 2BA sleeps 6-8 $460.65* 3 nights for the price of 2 *This total rate includes one night at no cost, all fees and taxes for 3 nights stay. Two nights rate is the same as three nights due to free night. Occupancy includes a queen size sofa sleeper also. For more info on the condo s amenities go to: 1night 1BR 1BA $107/night + taxes and fees Total $ Learning Objectives Lean Manufacturing and traditional accounting systems do not mix. Traditional performance measurements are harmful to lean because they motivate non-lean behavior. Standard costing was designed to support mass production; but is misleading, wasteful and harmful to companies pursuing lean thinking. Most company s accounting, control, and measurement systems are far from lean; they are filled with thoroughly wasteful actions, transactions, reports, meetings and activities. This fast paced seminar is designed for executives of lean-focused companies, finance directors, controllers, cost accountants, lean specialist, operations managers and practitioners. You will be introduced to a series of practical and proven methods providing a truly lean accounting, control and measurement system. Lean accounting actively supports lean thinking, provides the vital information needed to build a lean business, motivates continuous improvement, and is itself simple, straightforward and lean. About Your Speaker Brian H. Maskell, President of BMA Inc., has more than 25 years experience in manufacturing and distribution industry. He has held a variety of management positions from the shop-floor of an electronics company to Manager of European Inventories for the Xerox Corporation to Vice President of Product Development and Customer Service of the Unitronix Corporation. Over the past ten years Mr. Maskell s consulting practice has taken him to many manufacturing and distribution companies in the United States, England, Mexico, Australia, South Africa, and Europe. He has assisted these companies in the implementation of advanced manufacturing techniques including lean and agile manufacturing methods, logistics and supply chain management, lean accounting, valuestream costing/management, new performance measurement, process re-engineering, enterprise information systems, and total quality management. Mr. Maskell has an engineering degree from the University of Sussex, England. He is certified with the Chartered Institute of Management Accountants in London, and is a Fellow of the American Production and Inventory Control Society. He is the author of numerous articles and papers and regularly presents papers at national and international conferences. See all of the latest news from the Council on the web at:

6 West Alabama Chapter Officers President - William Petty, ZF Lemforder Corporation Director, Administration Ken DeWitt, Tidwell DeWitt LLC Director, Communications Amye House, Carlisle Engineered Products Director, Professional Education Dr. Robert Kee, University of Alabama Director, Membership James M. Lee, P. E. LaMoreaux & Associates, Inc. Secretary/Treasurer Julie Frizzell, ISE Director-at-Large Debbi Besant, DCH Director-at-Large Robin Mangham, Blue Cross Blue Shield Director-at-Large Marco Lam, University of Alabama bill.petty@zf.com kdewitt@tidwelldewitt.com ahouse@cepcarlisle.com rkee@cba.ua.edu mlee@pela.com juliz76@bellsouth.net dbesant@dchsystem.com RMANGHAM@bcbsal.org lam_aruba@yahoo.com