Blogs

How a Long-Term Renting is Better Than the Airbnb Plan

By Mark Metzler posted 07-28-2021
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There are many investors who swear by property as the soundest and most stable investment that you can make. Everybody needs a place to stay and can either buy a place or rent it. Renting a property has been a go-to investment option for many years. Then came Airbnb and changed the game.  Instead of going for long-term rental agreements, people started to buy properties and follow the Airbnb plan. The question remains as to which one is the better strategy.  Property Management When it comes to property rentals, how much money you make is not the only measure of success. The time you put in to make your money is vital and has a major impact on the return ...
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Why is Quality Harmonization Important in Modern Manufacturing

By Mark Metzler posted 07-28-2021
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Modern manufacturing organizations have different playbooks than older companies that are not adapting as quickly as they should. With all the different regulatory compliance concerns, continual improvement strategies, and customer satisfaction as their core objective, modern organizations have their work cut out for them.  There are many quality assurance and management systems currently in use by modern manufacturing systems. One of the best principles modern organizations with complex objectives and working procedures have found effective is quality harmonization. Here is why quality harmonization is important in modern manufacturing. Importance of harmonization ...
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Free Ethics Credits for IMA Members

By Trent Kramer posted 07-28-2021
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As of July, the IMA is now offering their ethics courses as a complementary benefit for being a member.  Previously, there was a free annual token to take one of these courses. These are located within the course catalog on the imanet.org website.  Sign in to claim the free offer.   Navigating Ethical Dilemmas (2 CPE) Blinded by Pressure (2 CPE) Can We Count on You? (2 CPE) House Out of Control (2 CPE) Misplaced Trust / Devastating Fraud (2 CPE) The Slippery Slope of Greed (2 CPE) Web of Deception (2 CPE) As an added benefit that is helpful to CPA holders, almost all of these courses are identified as also qualifying for NASBA CPE.  ...
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Why Your Business Consulting Business Needs Professional Training Programs

By Mark Metzler posted 07-24-2021
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Business consulting is a growing job sector, with professionals in this field in increasing demand as companies look for ways to remain competitive, save money, and remain operational in challenging economic times. This includes strategizing, devising cost-cutting measures, improving productivity, and revamping company policies and procedures to make them more efficient. Here are some reasons why business consultants need to utilize continuous professional and training programs to maintain a competitive edge: Types of business consultants Many business consultants operate in a general capacity, working in a wide range of industries. The diversity ...
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IMA Champion Award --> Lianne Loeks Munson, CMA, CSCA

By Trent Kramer posted 06-26-2021
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Our very own past President Lianne Loeks Munson was honored at this year's annual Meeting of Members with the prestigious IMA Champion Award. She has served on our board for more than a decade including five years as President.  She has also served as our Northern Lights Council President for several years as well as being on the IMA Global Roundtable Committee.  During her time on our board, our chapter grew to become one of the most successful and engaged chapters worldwide.  We have continually ranked in the top ten chapters worldwide earning top honors and it takes a lot of behind the scenes efforts to make this possible.   A couple years ago, she issued ...
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25% Off Your IMA Membership with Auto-Renewal

By Trent Kramer posted 06-20-2021
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Interested in saving 25% on your annual membership fees?  The IMA has just initiated an auto-renewal program that offers this discount.  Sign Up for Automatic Renewal and Save As part of our commitment to providing IMA members with superior value, we are pleased to announce the launch of our automatic renewal discount program. Just follow the steps below to enroll and save 25% every year: Log into your account on the  IMA website , and go to the IMA Dashboard On the dashboard navigation, click myProfile, then My Membership Under Current Membership, click on the checkbox to opt into automatic renewal* Once a popup is displayed, you will be ...
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Why Are Remote Workers Hesitant to Go Back to Offices?

By Mark Metzler posted 06-08-2021
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Nearly 65% of home employees do not want to go back to the office even after the pandemic is resolved. Moreover, 58% of them stated they would search for other work-from-home offers if they get forced to commute to the office daily. There are versatile reasons for this hesitation as workers and companies now approach work from a new perspective.  Hours spend in traffic  Commuting to the office spending hours in tiring traffic seems like an absolute waste of time to workers and management accustomed to working from home. Nobody gets late or absent from team meetings, and productivity increases due to reduced stress.  Employees and employers search   how ...
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Why is Risk Management so Important in Fintech?

By Mark Metzler posted 06-08-2021
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Digitizing and transforming financial services through innovation and advanced technologies offers a financial inclusivity that was not available using conventional approaches. Fintech offers readily accessible financial services to everyone and there is a compelling case for the democratization of financial services.  However, it is important to manage these innovations in a way that protects the safety of the industry and strengthens it as a whole. Unprecedented changes are taking place in financial   systems and risk management needs to evolve with them.  The critical balance between fostering progress while mitigating risk  Investors in fintech demand ...
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How to Find the Best Insurance for Independent Accountants and Financial Advisors

By Mark Metzler posted 05-28-2021
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Independent accountants, as well as financial advisors, offer a crucial service. They give clients precious advice about their money, which includes investments, savings, budget, insurance, and tax strategies. Fulfilling this role is a reason of pride for the aforementioned professionals and pursuing a career in this field is very appealing. The sensitive nature of the service provided means that financial professionals are exposed to certain risks. Showing care and conscientiousness isn’t enough to avoid making errors. As a matter of fact, anyone is liable to making mistakes, which result in loss. Many independent accountants and financial advisors   start ...
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What Makes the Buy-and-Hold Strategy Popular Among Investors

By Mark Metzler posted 05-18-2021
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When it comes to investing, there are two main types of investors. There are traders who are more drawn towards value trading and then there are the day traders.  These two schools of thought on trading are vastly different and it depends on whether you have the time to play a waiting game or whether you have the time to watch the markets and buy and sell at the opportune time. When it comes to value trading, the buy-and-hold strategy is very popular and here is why.  Immediate savings Value investors want to spend as little money as possible for the highest return on investment. Any investment transaction requires money, and as such, the more transactions ...
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Benefits of Conducting a Due Diligence before Merger and Acquisition

By Mark Metzler posted 05-18-2021
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Due diligence is a survey or investigation carried out to confirm potential investments on a buyer's decision to merge or make a purchase of an asset or property. This research is conducted before entering into financial or any form of agreement with the other party. Before any acquisition, you should ensure that you understand the company's obligations about debts, warranties, employment contracts, or compensation agreements. Below are the benefits of conducting due diligence before merge and acquisition. Financial accuracy Due diligence will allow checking whether the financial information showcased in the Confidentiality Information Memorandum is accurate ...
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Get Your Boss to Consider Your Business Ideas Seriously

By Mark Metzler posted 05-18-2021
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As a subordinate or team member, you may have faced situations where even upon presenting fresh and new ideas, your boss did not give it a second thought or did not take it seriously.    If you are keen on getting a go-ahead to your business idea in the next meeting, it is important to understand the factors that help you get on the right track. Implementing the below ideas are sure to help your boss see you as someone full of powerful ideas.   Go in with a proper plan    An idea is just a thought and unless its implementation, it will hold little value. The next time you present an idea, prepare a strong plan for successful execution. ...
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Latest HR Technologies Changing the Recruitment Landscape

By Mark Metzler posted 05-10-2021
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Many new technologies have emerged over the past few years that are changing the face of recruiting. Artificial intelligence is increasingly being used to screen applicants and find the ones most suited to a particular job.  Applicants are tested prior to hiring to reduce wrong hires. Robotic process automation is dealing with many repetitive tasks. Cloud-based tools are increasing scalability and speed. All the changes are greatly increasing the efficiency of the recruiting process.  Pre-hire testing and assessment tools According to statistics, about 60% of companies now test candidates before offering them a position in their company. Hiring employees ...
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IMA Minneapolis Chapter Election Results

By Trent Kramer posted 04-30-2021
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Below are the IMA Minneapolis Chapter April election results.  2021-2022 board members: President – Trent Kramer, CPA, CMA   Vice President – Heath L. Hertel, CMA, CPA (also a Council Delegate)   Past President – Ms. Lianne B. Loeks Munson, CMA, CSCA   Director of Student Membership – Mike Schmitt, CMA, CSCA   Director of Communications – Ms. Ashley Swanson, CMA, FPA   Secretary - Rudy Hershberger   Treasurer – Ms Shari L Nepper, CMA   VP of Membership - Bhavesh Parekh, CMA, PMP, ACMA (also a Council Delegate)   ...
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Robotic Process Automation (RPA)

By Donny Escolastico posted 04-27-2021
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CEO Panel

By Donny Escolastico posted 04-27-2021
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Why CMA?

By Olga Chernikova posted 03-28-2021
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We are living in a very interesting time when we can get an access to any professional education, anytime and without even leaving our homes. They say that the sky is the limit and that it so true! Even if you already know what are your preferences and ambitions, you may still face a challenge of choosing what exact educations you need considering tons of options available. In this article we share with you main advantages of pursuing the credentials offered by Institute of Management accountants and help you to make decision to choose one of them with confidence. Longevity In 2019 Institute of Management Accountant celebrated 100 years of success as globally ...
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Five Key Things to Get your Business or Firm Up and Running

By Mark Metzler posted 03-21-2021
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Whether you are fresh out of law school or looking to get your own practice started after a couple of years of experience, starting a law firm can be challenging. People are creatures of habit and feel safe within the realm of the known.  Just because your practice is new and modern does not mean that the clients will flock your way. You need to earn their trust and here’s how to do that.  Keep your finger on the billing pulse If you want to get the word out and grow your client base, your prices need to be competitive. It is a well-known fact that hiring a lawyer is not a cheap exercise. Ordinary folks do not always know what they are paying for and ...
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50% off the CMA Entrance Fee

By Trent Kramer posted 03-19-2021
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The IMA is offering 50% off the CMA entrance fee and IMA membership with the discount code SPRING50. Offer ends March 30th.  The CMA entrance fee is normally $250.  The 50% off IMA membership in conjunction with this offer is valid for new members.  For more info, please visit the imanet.org promotion below: https://www.imanet.org/cma-certification/getting-started/cma-offers/cma-promotion-spring-2021-march
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Regenerative Economy

By Carmela Borzelleri posted 03-17-2021
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