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43rd Annual Meonske Professional Development Conference

Ohio Council Institute of Management Accountants

April 26 - 28, 2017

at

Kent State University


Conference Sessions






8:00 a.m. - 9:30 a.m.


Transformation Panel: Selected Execution Challengers & Practical Solutions

Kent Student Center - Room 306 ABC


Scope: Successful methodologies for scoping (Agile, LEAN) to leverage teamwork, confidence, adaptability and waste reduction for increased efficiency, with minimal disruption.

Focus: Targeted focusing techniques for establishing momentum and eliminating obstacles with root cause analysis.  Maintaining focues on most effective processes and objectives to ensure positive project ROI and avoid scope creep.

Results: Tracking progress and visible milestones towards meaningful results and establishing positive team accountability for successful execution.

Sustainability: Effective methodologies for embedding continual transformation into sustainable core competencies.



10:00 a.m. - 12:00 p.m.


Panel Discussion: Revenue Recognition - ASC 606 Implementation Challenges Already Experienced

Kent Student Center - Room 306 ABC


Assessment: Insightful case studies of challenges experienced during ASC 606 assessments.

Transition: Effectively coordinating across departments and with external auditors for successful and timely transition.

Key Considerations: Educating the change impact departments will experience and how it affects others.  Evaluating existing technology and identifying critical limitations.

Competition: Strategic planning for responding to the inevitable questions”why do we report revenue different from our primary competitor?”



12:00 p.m. - 1:30 p.m.


Lunch and Keynote Speaker


Finance and Business Partnering - Making Successful Partnerships

Kent Student Center - Rooms 310 ABC


Changing environments require management accountants to partner successfully with IT departments.  This will be a panel discussion on how Finance and IT departments can successfully improve collaborative and productive relationships.



1:30 p.m. - 2:45 p.m.

2 Concurrent Technology Tracks


Track A

Panel: Revenue Recognition Technologies: Determining the Need and Selection Criteria

Kent Student Center - Room 306 ABC


Determining Technological Need: Evaluating existing technological capabilities for the new revenue recognition requirements.

Key Considerations: Effective methodologies for executing evaluation process.

Options Available: Technology options available today in the budget, mid-range and enterprise tiers.

Efficient Selection Process: Methodologies to efficiently conduct an evaluation of technology options.


Track B

Panel: Leasing Technologies: Successful Implementation Considerations

Kent Student Center - Room 317


Determination Factors: Successful methodologies for scoping, planning, executing and monitoring implementation progress.

Success Requirements: Establishing implementation milestones, goals and embedding an early warning system of communication to ensure timely issue resolution.

Next Steps: Building an agile post initial implementation plan to ensure an on-schedule and on-budget complete implementation.



3:15 p.m. - 4:30 p.m.

2 Concurrent Technology Tracks


Track C

Panel: Revenue Recognition Technologies: Successful Implementation Considerations

Kent Student Center - Room 306 ABC


Determination Factors: Successful methodologies for scoping, planning, executing and monitoring implementation progress.

Success Requirements: Establishing implementation milestones, goals and embedding an early warning system of communication to ensure timely issue resolution.

Next Steps: Building an agile post initial implementation plan to ensure an on-schedule and on-budget complete implementation.


Track D

Panel: Leasing Technologies: Determining the Need and Selection Crieteria

Kent Student Center - Room 317


Determining Technological Need: Evaluating existing technological capabilities for the new leasing requirements.

Key Considerations: Effective methodologies for executing evaluation process.

Options Available: Technology options available today in the budget, mid-range, and enterprise tiers.

Efficient Selection Process: Methodologies to efficiently conduct an evaluation of technology.








 8:08 a.m. - 8:20 a.m.


How the CMA and Related Learning Enhances Personal Brank and Professional Reputation

Kent Student Center - Kiva

Jeffrey C. Thomson, CMA, CAE, President and CEO, Institute of Management Accountants



8:20 a.m. - 9:15 a.m.


The Millennials Are Coming - How to Get Them Integrated, Engaged and Effective in the Workplace

Kent Student Center - Kiva

Timothy F. Gearty, CPA, MBA, JD & CGMA - Partner, Gearty & McIntyre, LLP


Over 86 million millennials are expected to be in the workplace by 202 - representing approximately 40% of the workforce.  For many companies, their arrival will be one of the most significant personnel challenges for developing a successful workplace team.  Today’s effective managers absolutely need to understand what millennials want in a job, ways to maximize their productivity, and approaches to empower them into positions of effective leadership and passion for excellence.  Lively discussions will include understanding the millennial’s needs, ways to attract the brightest and best, and effective action plans to provide a supportive environment to empower them to a position of leadership.  All levels of company personnel will benefit from this session.



9:15 a.m. - 10:15 a.m.


Non-GAAP Financial Measures That Add Transparency and Value to Financial Reporting

Kent Student Center - Kiva

Timothy F. Gearty, CPA, MBA, JD & CGMA - Partner, Gearty & McIntyre, LLP


Non-GAAP financial measures are becoming an effective means for companies to provide valuable insight into a company’s past performance and allows users to accurately anticipate future performance.  Effective use of non-GAAP financial metrics will facilitate all user understanding of operational performance, liquidity and financial performance.  The topics of this session should be important for SEC- regulated companies providing non-GAAP required financial disclosures and other companies (including governmental and non-profit companies) to significantly increase user understanding of the financials.  Session will include developments in Pro-Forma Financial Reporting, SEC comment letter examples, SEC Updated Interpretive Guidance, tips on how to avoid misleading disclosures and best practices in non-GAAP Reporting.



10:45 a.m. - 11:45 a.m.


The Truth and Consequences of Accounting Ethics: Consideration in Ethical Decisions and Workplace Dilemmas

Kent Student Center - Kiva

Moderator: Dr. Norman R. Meonske, Professor, Emeritus, Kent State University

Donald C. Brown, Executive Vice President for Finance and Administration, FedEx Freight

Timothy F. Gearty, CPA, MBA, JD & CGMA - Partner, Gearty & McIntyre, LLP


The Enron, WorldCom, Global Crossing, Rite Aid, Health Care South and Crazy Eddy scandals are probably the most well-known examples of improper accounting ethics on the part of a business’ and financial professionals that awakened the accounting profession to the need to make sure the entire organization must have a commitment to the highest level of daily integrity and ethical practices.





Financial reversals, jail terms, and business cooapse have been the casualty from unethical business anc accounting practices by these entities.  Trusted leaders involved in these company’s unethical business and accounting practices have also suffered, spurring regulatory changes to protect everyone from customers to financial statement users.  Everyday, financial professionals must resolve difficult ethical dilemmas.  The panel’s goal is to enhance awareness and provide guidance or helpful practical suggestions on understanding the destructive consequence of unethical decisions and techniques to avoid the unnecessary pitfall by all business, governmental and non-profit entities.



11:45 a.m. - 2:00 p.m.


Lunch and Keynote Speakers


The Next Frontier: What Management Accountants Need to Know About Sustainability Accounting


Meaningful Reporting on the Metrics of Sustainability Through Current SEC Requirements


Kent Student Center - Ballroom

Moderator: Jeffrey C. Thomson, CMA, CAE, President and CEO, Institute of Management Accountants

Dr. Jean Rogers, CEO & Founder, SASB

Robert B. Hirth, Jr., Chair, COSO


Management accountants have long helped lead their organizations in the ongoing quest to understand and measure value drivers.  In today’s world, sustainability factors such as climate change, data security, and employee well-being increasingly impact value.  During these keynotes, Dr. Jean Rogers and Robert B. Hirth, Jr. Will discuss how sustainability accounting can help management accountants more fully understand sustainability value drivers and measure them in a cost-effective way.  Learn how sustainability accounting can help complete the picture that conventional accounting has begun.



2:00 p.m. - 4:30 p.m.

2 Concurrent Tracks


Track 1

Empowering Financial Transformation Success

Kent Student Center - Kiva

Gabe Zubizarretta, Founding Principal, Silicon Valley Accountants

Jeff Bissell, Chief Financial Officer and Treasurer, NMG Aerospace


Taking the finance function from number crunching to value creation requires a comprehensive transformation strategy.  Rapidly evolving market demands, constant technological advancements, and changes to regulatory regimes have created a turbulent environment for organizations of all types and sizes.  Financial reporting departments are particularly hard hit by these changes, making successful transformations more challenging.  This panel will discuss how they have used a balanced approach addressing people, processes, and systems to empower their teams to transform their processes and embrace a culture of continuous improvement.  This panel has used the power of change to improve processes and compliance, increase efficiency and productivity, and reduced risk.  Attendees will be provided tools to ensure that financial transformation delivers practical, sustainable and enhanced shareholder value.


Track 2

Professional Standards and Responsibilities - Accountancy Board of Ohio Approved Ethics

Kent Student Center - Governance Chamber

Dr. Norman R. Meonske, Professor Emeritus, Kent State University


Accountancy requires three CPE hours of credit in Professional Standards and Responsibilities as part of the 120 hours of CPE in each reporting period in order to renew an Ohio CPA license.  This session provides a relevant refresher over relevant sections of the Ohio Revised Code, Ohio Administrative Code and Accountancy Board of Ohio Board Rules and disciplinary actions.  Attendees are provided the necessary research tools to find all answers to CPA permit and license requirements, CPA license renewal, CPE rules and verification, Ohio Accountancy fees, Board complaint investigation, accounting standards and ethical standards.  The session includes current ethics issues in the accounting profession.  This is a two-hour session and registrants must also attend the Thursday morning ethic on-hour session to obtain the total of three hours of CPE.







8:00 a.m. - 11:30 a.m.


Financial Reporting Panel: Accounting Standards Update

Kent Student Center - Kiva

Moderator: Leslie F. Seidman, Executive Director of the Center for Excellence in Financial Reporting, Lubin School of Business at Pace University


Panelists:

Wesley R. Bricker, Chief Accountants, The U.S. Securities and Exchange Commission

James L. Kroeker, Vice Chairman, Financial Accounting Standards Board

Robert Uhl, Partner, National Director of Accounting Standards and Communication, Deloitte & Touche LLP

Jeanette M. Franzel, Board, Public Company Accounting Oversight Board


This year’s conference continues the 40-year popular tradition of providing a distinguished panel of regulators from the SEC, FASB< PCAOB and a representative of public accounting to discuss the latest regulations and their practical application to the world of financial reporting.  The session will provide an update on the latest regulations by the professionals at the highest level who are involved in issuing and interpreting the rules.  Leslie F. Seidman, former Chair of the FASB, will moderate a lively and informative discussion in which attendees are permitted to ask their application questions directly to the panel.  Every year attendees leave the session with a wealth of practical information to make sure that they know how to comply the regulatory rules.  I can assure you that this is the best place to get you updates on financial reporting issues.



11:45 a.m. - 1:30 p.m.


Lunch and Keynote Speaker

Building for the Future: Constructing Growth From a Turnaround Company

Kent Student Center - Ballroom

Joseph M. Gingo, Chairman of the Board of Directors, A. Schulman, Inc.


In 2008, A. Schulman was for sale and the company’s board of directors hired Mr. Joe Gingo as chairman and chief executive officer to execute this transaction.  However, through prudent footprint optimization, strategic bolt-on acquisitions and a keen eye on the future, Mr. Gingo and his team set the company on a path for growth.  Through his long career at the Goodyear Tire & Rubber Company, as well as his time with A. Schulman, Mr. Gingo has learned to navigate choppy macroeconomic waters to improve profitability; identify growth opportunities and create strong company cultures.  During this keynote, Mr. Joe Gngo discusses how his leadership style has helped to share A. Schulman’s future.



1:30 - p.m. - 2:45 p.m.


A New Era of Compliance and Latest COS Internal Control - How Companies are Complying

Kent Student Center - Kiva

Moderator: Jeffrey C. Thomson, CMA, CAE, President and CEO, Institute of Management Accountants


Panelists:

Robert B. Hirth, Jr., Chair, COSO

Dr. Sandra B. Richtermeyer, CMA, CPA, Dean of the Manning School of Business at UMass Lowell


A discussion on the updated COSO ERM framework which is essentially complete and will be issued shortly.  Comments submitted during the public exposure period have resulted in a few changes from the draft issued in June 2016.  More importantly speakers will provide some perspective on the impact of the 2013 revised projects going on at COSO, including COSO’s new certificate program.



3:15 p.m. - 4:30 p.m.


Empowering a Diverse Workforce to a Position of Leadership

Kent Student Center - Kiva

Moderator: Carlos M. Chavez, President, Chavez and Associates, LLC


Panelists:

Bismark Myrick, Director of the Office of Equal Employment Opportunit and Diversity, United States Patent and Trademark Office

Dr. Sandra B. Richtermeyer, PhD, CMA, CPA, Dean of the Manning School of Business at UMass Lowell

Billy O’Quinn, Director, Global Diversity & Inclusion, The Goodyear Tire & Rubber Co.


50 years ago, the accounting profession was essentially made up of white males with very few women or minorities.  Today, a commitment to diversity and inclusion is much more than a convenience or compliance with laws - it is a global business imperative.  Building a diverse and inclusive workplace can add to a company’s bottom line with knowledge, education, and understanding of the positive impact of diversity and inclusion at all levels of management.  Providing diversity and inclusion training, using technology to identify and eliminate biased language in job listings, ensuring that underrepresented colleagues have a leadership voice, and opening up opportunities at all levels of your organization are all ways to build a more inclusive, bias-free work productive environment.  This panel contains outstanding experienced professionals who on a daily basis create real change and instill a sense of cohesive, all-inclusive teamwork at their organizations.  After attending this session, participants can expect to apply what they have learned to achieve a more creative and productive workforce.





WEDNESDAY, APRIL 26th

THURSDAY,  APRIL 27th

FRIDAY, APRIL 28th