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Newsletter
February 2021
President's Message
Our 2020-2021 program year is in full swing. We are hosting a series of webinars on ethical communication and providing participants with a wealth of guidance to effectively communicate in a virtual environment, not to mention the scores of networking opportunities. This month, Robin Gilliam, an Assistant Director for the Federal Accounting Standards Advisory Board, continued the series with an insightful presentation on ethical communication through storytelling. Next month, on March 10, 2021, we will have another guest speaker to dive deeper into the ethical communications discussion. So, save the date!
 
As you know, IMA® (Institute of Management Accountants) is one of the largest and most respected associations focused exclusively on advancing the management accounting profession and providing publications to keep members informed of cutting-edge ideas and techniques. Recently, IMA issued, The Impact of COVID-19 on the Finance Function which examines the impact of the pandemic on finance functions around the world. Also, the February issue of Strategic Finance Magazine has an interesting article, AI for Decision Analysis. The article discusses using artificial intelligence to maximize decision-support capabilities. I encourage you to review both of these thought-proving publications.
Over and above the publications, IMA provides webinars that bring you the latest thought leadership and developments in the profession. Visit the Education Center for over 50 webinars that are eligible for NASBA CPE credits every year and are free to members. You can also access free Webinars On Demand packages that allow you to earn CPE credits at your own pace.
 
While you take advantage of these and other benefits of IMA membership, don't wait to encourage others to join IMA and our local chapter. The web site https://www.imanet.org/membership/benefits?ssopc=1 describes many of the benefits you may wish to share with others. I also urge you to inform students on how IMA membership enhances their resume and builds a great networking platform. You can share the information found at https://www.imanet.org/students/student-membership?ssopc=1
 
Speaking of networking and enhancing your skills, our chapter leadership team has opportunities for you. We have projects that will allow you to engage with other members and build your project planning and presentation skills. There is no reason to hesitate about joining our chapter leadership team. You will be able to build your professional network while helping others achieve their professional goals. Just contact me at President@imanationscapital.org.

Thank you for your support of our IMA local chapter and participation in activities!

Kathleen
Kathleen Sobieralski

President@imanationscapital.org
IMA Nation's Capital Chapter
2020/2021
Welcome New Members!
Welcome message
Members Joining in January 2021
Anthony Maurice Falls
Michelle Green
Dana Ledger Matthews
Jacqueline S Mucha
Kathryn Valentine
Reeja Varughese
Free Chapter Webinars
Our Next Webinar
Our next webinar will be March 10, 2021 from 6:00 pm to 7:30 pm. Use this link to learn about this and other Chapter webinars and events.

Ethical Communications Part 5:

Climate or Weather

Speaker: Robin Gilliam, CPA, PMP; Assistant Director, Federal Accounting Standards Advisory Board (FASAB)

On February 10, 2021, Robin Gilliam continued our ethical communications series with an ethical presentation of Federal Accounting for Weather-Related Events. Ms. Gilliam discussed how to:

  • Identify accounting standards that can be used to communicate adverse weather events.
  • Properly classify and report costs incurred related to weather events.
  • Distinguish between destroyed versus damaged assets and their accounting treatment.
  • Apply deferred maintenance and repairs as an impairment indicator.
  • Realize the importance of using illustrative stories when communicating.
  • Encourage transparent and truthful accounting without exaggeration.
Free Educational Resources for Members


Webinars on Demand:
Reporting & Control
Earn up to 2 ICMA CPE credits with this new FREE video-based e-learning course. Webinars On Demand: Reporting & Control is a package of two highly rated webinars selected from IMA's Inside Talk Webinar Series. It explores pertinent topics such as internal control, financial recordkeeping, and integrated reporting. These topics are aligned with the Reporting & Control domain of IMA's Reporting and Control Competency Framework. IMA members can access this course for FREE.

(Login to see free/reduced pricing.)

Workplace Motivation
What motivates you? Everyone is unique, and the things that motivate people at work, or become obstacles to their motivation, will vary from person to person. Our new e-learning course helps leaders understand various ways to motivate themselves and others by discussing a number of different approaches to motivation. This exciting course also addresses the impact of the gig economy on motivating a workforce, how to manage for motivation, and best practices from a leading company known for being a best place to work. Participants will come away with a wealth of knowledge and tools to increase their own motivation and that of others. Product is available for one (1) year after purchase date.

(Login to see free/reduced pricing.)

Cybersecurity Image
Cybersecurity Compliance with Global Regulations
Doing business internationally introduces new global cybersecurity challenges for companies every day. Management accountants must familiarize themselves with evolving global compliance requirements and the potential harsh penalties that accompany non-compliance.

IMA’s new video-based e-learning course explores essential knowledge regarding prominent international cybersecurity regulations in the United States, European Union, United Kingdom, China, Japan, Canada, Mexico, UAE, and Saudi Arabia, and provides additional insight into cross-border transfer mechanisms in place for EU-US, Swiss-US, and APEC. Competency Domains supported include:

  • Technology & Analytics
  • Reporting & Control

(Login to see free/reduced pricing.)

COSO Enterprise Risk Management: Essential to Organizational Success
Overview of the COSO Enterprise Risk Management (ERM) Framework and pre-recorded webinar (Jeff Thomson, CMA, CSCA, CAE, IMA president and CEO, and Steve McNally, CMA, CPA, chair-elect of the IMA Global Board of Directors) on how it aligns to strategy, performance, and organizational success.

This e-learning course offers 2 NASBA CPE credits. Competency domains supported: Strategy, Planning & Performance; and Reporting & Control.

(Login to see free/reduced pricing.)


Time Management


Identify time wasters and develop strategies for reducing them so you can work smarter rather than harder and accomplish what you want.

Earn 1 NASBA CPE credit.

(Login to see free/reduced pricing.)

Storytelling Skills for Management Accountants
Access this course for free and earn 1 NASBA CPE credit. Based on an IMA Leadership Academy webinar, this new e-learning course explores how storytelling benefits management accountants with strategies for bridging the gap between data and insights and action.

Participants will learn how they can use stories to maximize their potential as business partners and how to apply storytelling skills to overall management competency, including strategy management, leadership, and operations. Product is available for one (1) year after purchase date.

(Login to see free/reduced pricing.)

Additional Learning Resources
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IMA Education Center
Visit the IMA Education Center to explore the full selection of learning resources, including other popular subscription packages. Login to see free/reduced pricing.
The Nation's Capital IMA Chapter has partnered with Gleim to ensure your success on the CMA exam!

Almost 40 years ago, Gleim set the standard for CMA exam review. Today, as an industry leader and IMA Strategic Partner, Gliem continues to dedicate itself to preparing candidates to pass quickly and confidently. The 2020 Gleim CMA Review includes thousands of the most realistic CMA exam questions, the most comprehensive coverage, dedicated and reliable support, and more. More CMAs have passed with Gleim—having the experience to guide you to exam success! IMA chapter members, can order now and save at least 30% on the Premium CMA Review System.

Place your order directly online by going to gleim.com/IMACapital or contact Alexandra Graham at 800.874.5346 ext 428 or imachapters@gleim.com to learn about the significant discounts you are eligible for as an IMA Chapter member.

Build Your Leadership Skills
Leadership Skills Needed

Volunteer to serve as an associate director on our Board of Directors and gain leadership experience. You can help plan and execute the future events and activities of your Nation's Capital Chapter of IMA.

Questions, Comments, Ideas?
We would love to hear from You!