Blogs

Getting Your New Business Up and Running

By Mark Metzler posted 27 days ago
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Starting a business is a dream come true for many people. However, it is not without its difficulties. Many companies go under within the first year of being started. This is a frightening statistic, and you shouldn’t want to be a part of it. Most analysts agree that there are several pitfalls that can cause a business to fail. Chief among them is poor planning. If you fail to plan, you plan to fail. Here are four things you should do to get your business off the ground: Do market research Your business needs to fulfill a customer need, and you’re not going to know what customers want or need without doing some research beforehand. This includes ...
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Chapter Election Results 2020-2021

By Trent Kramer posted 04-16-2020
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Below are the results of the IMA Minneapolis Chapter 2020-2021 elections:  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 Communications – Michael James Ruth, CMA Director of Student Membership – Mike Schmitt, CMA, CSCA Director of Social Media – Tara Gantter, RTRP Secretary - Rudy Hershberger Treasurer – Ms Shari L Nepper, CMA VP of Membership - Bhavesh Parekh, CMA, PMP, ACMA (also a Council Delegate) Director of Education –  Andrew Galas, MBA Director of Technology - Ryan Blazei Director of Events - Randy ...
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Gleim CMA Exam Prep Special Offer

By Trent Kramer posted 04-07-2020
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Gleim has a special offer on CMA exam prep through April 26th Gleim recognizes the value of IMA Chapters and so we are providing IMA chapter members with a special offer.  Save up to $650 when you order the 2020 edition of Gleim CMA Premium Review!  As a Strategic Partner of IMA, we are also providing  30% off of CMA exam entrance fees! Our latest edition covers 2020 CMA exam topics and is equipped with SmartAdapt™ technology which personalizes your review and eliminates the guesswork in studying. In our latest edition, you'll also enjoy:     • Even more videos covering the toughest topics and providing question walkthroughs     • Enhanced books ...
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Free Access to IMA Resources

By Trent Kramer posted 04-07-2020
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The IMA is offering members and non-members 90 days of free access to multiple resources.  This includes CPE, the CareerDriver assessment tool and much more.  Non-members can get free access for 90 days. There's a couple great online self-study courses with a combined 30 NASBA CPE.  Aside from doing 2 ethics CPE, these first two offerings satisfy the annual requirement: IMA Data Analytics & Visualization Fundamentals Certificate ™ : New! Now through April 30*, learn how emerging technologies are driving change across businesses and develop new skills in data analytics and visualization. Earn an IMA professional certificate, a digital badge, ...
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How To Market Your Accounting Services To Other Businesses

By Mark Metzler posted 02-20-2020
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When you run an accounting business, you should market your company to other businesses in the area. You can use marketing tips to create a presence for your company online or in your local area. Each of the options listed below will make marketing easier. Also, you should consider how to combine marketing tactics to make your business as visible as possible. Create A Social Media Your company should have a social media marketing plan. You can sign up for every social media platform that is available. When you sign up for these accounts, you can post anything you want to each platform. Social media can be used to post information about your ...
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What Compliance Posters Do I Need at My Business?

By Mark Metzler posted 02-10-2020
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An employer who has one or more employees has to post state and federal law posters in clear view for their employees. These laws are designed to protect employees who may feel unsafe or mistreated at work or discriminated against while applying for jobs. The following are the types of posters that should appear in every workplace. Federal Minimum Wage The federal minimum wage law protects workers from earning less money than they deserve. This is the minimal amount that every employer is required to pay an employee for non-volunteer work. His or her salary varies based on education and work experience. The state minimum wage varies in each ...
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anyone studying CMA in Vienna,Austria?

By Nusretcan Turna posted 01-26-2020
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Hi everyone, I just like to ask whether  If there's anyone studying CMA in Vienna. if yes, I´d say that we can meet from time to time and share knowledge and experiences regarding exams and stuffs and so on or maybe can learn together. please let me know if you´re interested in. Thank you in advance! KR, Nusret
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IMA National Recognition - Scott & Jake Ambourn

By Trent Kramer posted 01-26-2020
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Minneapolis Chapter members Scott & Jake Ambourn were recognized by the IMA: https://www.imanet.org/about-ima/news-and-media-relations/newsletters/cma-connection/2020/1/23/cma-profile-scott-ambourn Those who attend our dinner meetings should know Scott.  He routinely attends events along with a handful of CWT colleagues.  He served as President of the St. Paul chapter and has been very supportive of others.  Scott has been a good friend and mentor...my involvement on the board is a direct result of his encouragement over the years.    His son Jake is a senior in high school.  Since our chapter's 1921 inception, he is most-likely our youngest member.  ...
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Gleim 25% off 2020 CMA Review Prep though 1/31/20

By Trent Kramer posted 01-16-2020
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Gleim is offering 25% off their 2020 CMA review programs through the end of January. This is exclusively for IMA Minneapolis Chapter members and can be purchased for a single part or both exams.  As of February 3rd, the price will be increasing as they have added additional resources for candidates. For the 25% discount, contact alexandra.graham@gleim.com .
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Cash Flow Statement

By Eashwar Seshadri posted 01-12-2020
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​Cash flow Statement is one of the financial statements needs to be submitted along with the balance sheet and profit and loss statement. The are three components which make up the cash flow statement. Cash flow from operating activities, cash flow from investing activities and cash flow from financing activities. Cash spent in purchase or cash received from sale of fixed assets is an example of cash flow from investing activities. Cash spent in purchase of equity or issue of debt, cash received from debt is an example of cash flow from financing activities. All Cash spent and received in activities other then the financing and investing activities may be ...
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Personal Development Books for 2020 Accelerated Growth

By Trent Kramer posted 01-05-2020
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Interested in further developing yourself in 2020?  Linked below is a list of some of the most elite personal development books according to goodreads based upon user reviews. https://www.goodreads.com/shelf/show/personal-development Perhaps it is no surprise that the books rounding out the top five include: The Seven Habits of Highly Successful People by Stephen R. Covey How to Win Friends and Influence People by Dale Carnegie The Power of Habit by Charles Duhigg The Subtle Art of Not Giving a F*ck by Mark Manson Think and Grow Rich by Napoleon Hill
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Debt-Management Tips for Seniors

By Terry Reyes posted 11-14-2019
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No one wants to spend his or her golden years struggling with credit-card debt. But, sadly, an increasing number of seniors are doing exactly that. For people living on fixed incomes, escalating debt can lead to financial ruin. Many of the debt-management options available to younger people — like getting a second job to pay off the debt faster — don't make sense for senior citizens. But that doesn't mean there's nothing they can do about it. Here are some overlooked debt-management strategies that can help retirees dig themselves out of the hole. 1. Reverse Mortgages People struggling with high-interest credit-card debt are typically advised to tap ...
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How to Balance Your Career with the Needs of Your Family

By Terry Reyes posted 10-31-2019
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A lot of people believe that they have to sacrifice their careers if they want to take care of the needs of their families. They still earn an income but regard their employment as a job instead of as a career.   Too often, this is unnecessary. To be sure, having a career and a family is a balancing act, but it’s not an unrealistic goal. There are days when you’ll know it’s possible and days when you question your sanity. But here are some guidelines to help you on the way:   Get your priorities straight and stick to them   A lot of people will say that family comes first, and your job comes second. This need not always be the case. ...
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After The Event: Digital Transformation in Audit

By Dareen Bin Mahfood posted 10-05-2019
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New IMA Riyadh Event with 470 attendance Beyond the expectations, IMA Middle East, Riyadh Chapter in cooperation with SASO, have had a successful Event under the title of "Digital Transformation in Audit" in Riyadh. The feedback received was great with mentioning that it was an informative and valuable session.  The lecture was full of interesting topics like; Digital innovations in auditing, Data analysis software, Block chain technique, Impact & risk assessment and The future of the audit. In addition, the event included discussions and networking with attendees from different sectors.  The seminar was presented by Mr. Ahmed Abdulfatah, ...
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Friday Roundup for Sept 20, 2019

By Richelle Schwaller posted 09-20-2019
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From: Chapter and Council Leader Committee Forum Spread the word: CMA’s official ad campaign We have officially launched our 4 th   CMA campaign year and successfully created 4 new CMA commercials! That’s at least 4 times as many ways for you to have fun sharing your CMA story, practical CMA advice, and our relevant, humorous, and inspiring new CMA ads. YOU are in a position to help someone in need of advancing their career!  We are asking that you share, like, and post about the CMA. When you share information on your social accounts like LinkedIn, post and answer questions on Reddit and Quora, or like the commercial on YouTube, you lend credibility ...
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Accounting in the World of Cryptocurrency

By Terry Reyes posted 09-09-2019
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Accounting for cryptocurrencies is likely to become a major concern for both large and small companies as they slowly but surely making their way into real-world transactions.  Many businesses are looking for better ways to manage, track and account for crypto assets. Bookkeepers and accountants need to know how to properly account for them. The potential of cryptocurrencies is huge, fully tapping into it requires innovations in the finance and accounting industries.  Digital currencies are becoming more integral to daily life with the  bitcoin ATM . Imagine smart cities around the world where the economy is powered by digital currency for paying ...
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Things To Consider When Starting An Online Business

By Terry Reyes posted 09-03-2019
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For success in your online business, you have to consider several factors. Outlined below are the major factors to consider when setting up an online business. Suitable Domain Name A suitable website domain name is one that can be easily grasped by your clients. It should be easy to spell and not too long. When searching it, clients can view a proper representation of your business. It will not be vague and complicated. Simplicity is priceless. It is your website domain name that will act as the front office for your e-business. Craft a clear, memorable name that depicts an image of your business. A Good Web Design A well-designed website ...
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Friday Roundup for Aug 23, 2019

By Richelle Schwaller posted 09-03-2019
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From: Chapter and Council Leader Committee Forum Don't Miss Your Chance to Make an Impact at ACE2020   IMA ®   (Institute of Management Accountants) is seeking proposals for presentations and educational sessions for our Annual Conference & Expo taking place June 21-24, 2020, at the Atlanta Marriott Marquis. Participating as a speaker at ACE2020 is a valuable opportunity to raise your profile as an industry expert while building your leadership and educational skills. Additional benefits include: One complimentary ACE2020 Conference registration $500 travel stipend One-night free stay (room and tax only) at the Atlanta ...
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The 7th IMA Regional Conference

By Ali Munajjed posted 08-30-2019
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Dear Member,   The 7th IMA ®  (Institute of Management Accountants) regional conference celebrates 100 years of IMA's exemplary service to the finance and accounting profession. To celebrate our centennial milestone, we are delighted to bring the conference to India for the first time. Please join us on 21 September 2019 for expert training, networking, an epic celebration, and spectacular keynote speakers headlined by our own President and CEO, Mr. Jeff Thomson, CMA, CSCA, CAE.   The event gathers CFOs, controllers, finance department executives, accountants, analysts, academic heads, and other practitioners ...
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How to Get Your Big Idea off the Ground

By Terry Reyes posted 08-27-2019
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Several product developers have found themselves in your shoes. They have had innovative ideas that could revolutionize the market but struggled to get their idea off the ground.   However, they managed to do it eventually and are reaping the rewards, and the big bucks as well. What is the secret, and how did they get it right when so many others have got it wrong?   Determination   While you might be encountering difficulties gaining momentum with getting your product out there, there’s no reason to give up on your dream. The success stories you hear do not present you with the full picture. They don’t always capture the hard work, ...
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