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Kapitol Dome Newsletter ~ October 2016
Greetings!                                        (Your member # is n/a)

What information is significant enough to change your decisions?  Join us October 19 to discuss the effect of materiality in practice and our profession!
Quick Links
10/19, 5 pm Table Topics
            7 pm Dinner meeting
11/15, 8 am GovCon Breakfast
                      Teaming & JVs
11/16, 5 pm Table Topics           
            7 pm Dinner Meeting
                      Topic TBD

See our  calendar for the full list of upcoming events. We hope to see you soon! 

President's Message

Thank you for your support last month. Please join us for our Wednesday Oct 19 dinner meeting in Rosslyn … something for everyone!  Domenic Savini CMA/CPA and professor will be speaking on materiality, internal control and career management.  Our changing profession!

If you have ideas for future events, speakers, topics, and / or locations, including an opportunity to make a presentation at your place of business or with another professional organization, please email me at Together we can do more!

A reminder:  if you have not yet renewed your IMA membership for the 2016/2017 year, now is the moment!  Ours is one of the largest chapters in the IMA network.  Your continuing support is greatly appreciated as we seek to meet and exceed your expectations!

Please visit our web, Facebook, and Linkup IMA sites!  We exist to serve you!  

Hope to see you soon. Thank you. 


Kathleen Sobieralski
President, Nation’s Capital Chapter IMA
Congratulations New CMAs

Sandra Rubin
Justin Herring
Mike Pedram
Zachary Hancock

In Memorial and Condolence

We regret to inform you that former chapter President (1985-86) Christopher Loesch passed away on August 25.  Per his family's request In the obituary, our board of directors sent a contribution to the American Philatelic Society, Inc. on the chapter's behalf, in lieu of flowers. Chris' last active role with the NCC board was as our VP of Administration. He was also a former council President and member of the IMA's Stuart Cameron McLeod Society.  He will be missed.
Welcome New Chapter Members

Kathleen Linebaugh
Jacquelyn Young
Alice Chan
Miriam Bee
Ianna Stanford
Deanna Nesburg
Stephanie Johns
Brian Simms
Yifei Zhao
Daniel King
Rosalie Zabsonne
Chong Zhou
Angel Wang
Erica Benkert
James Fuss
Hannah Akingbade
AJ Buniak
Michael Casias
Christopher Greene
Samantha Sharpless
Rushan Fernando
Christopher Ward
Tim Kraemer

IMA Global Board of Directors:
Boardroom Notes 
News of the pending merger of the AICPA and CIMA, approved in July by their respective memberships, dominated June’s meeting of the IMA Global Board of Directors in Las Vegas. The new umbrella organization, with over 600,000 members, will purportedly represent the entire accounting profession. Its recently created CGMA designation seeks to capitalize on the increasing importance of management accounting, as the number of CPA candidates stagnates and fewer people enter public accounting.  IMA will counter this challenge with messaging that will reinforce the CMA as the world’s leading management accounting credential—the only one for which, in addition to meeting education and experience requirements, every holder passed a rigorous examination demonstrating his or her proficiency in management accounting skills— no “grandfathering.”

The Investment Subcommittee, which I chair, presented the results of our study of IMA’s investment
performance and costs over the past five years. Based on these results we proposed, and the Board
approved, the transfer of our portfolio to a new Investment Advisor— Vanguard Investments— and a
strategy shift toward passively managed funds. The Board also established an ad-hoc Committee on
Diversity and Inclusion.

IMA’s strong growth continues, with membership reaching almost 82,000 at the end of the fiscal year in
June. Also in June, IMA awarded its 50,000th CMA, and launched its seventh international office, IMA
Southeast Asia, in Singapore.

Past IMA Chair Kim Wallin was appointed to chair a committee that will organize IMA’s 100th Anniversary celebration, beginning in June 2018 and culminating in June 2019 with the 100th IMA Annual Conference in Phoenix. The Committee is reaching out to all members for stories about how IMA and the CMA have helped people in their careers and lives. In addition, they are looking for a tag line and theme for the celebration. Please submit your suggestions to Kim by October 19th—the winner gets a free conference registration!

Frank P. Homburger, CPA
IMA Global Director
 ". . . the value of CMA certification continues to remain strong around the world, with CMAs reporting substantially higher salaries and total compensation than their non-CMA counterparts."

SCMS Members, prospective members and guests, registration is now open for the 2016 SCMS Mid-Year Conference in Jacksonville, Florida, on October 23-25, 2016.  There is much to see and do there.  Join us!
Students, make an investment in your future, plan on attending the IMA Student Leadership Conference in Detroit, Michigan this November!