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What You Can Do Now to Get Ready for Recovery

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What You Can Do Now to Get Ready for Recovery FALL 2009 Eye on the horizon What you can do now to get ready for recovery PM 40065475 p01_CoverFall09.indd 1 9/24/09 9:33:38 AM p02_AgusOneFPFall09.indd 2 9/24/09 9:37:23 AM IN THIS ISSUE 35 32 Y Features 8 Excel: diffi culties with dates? By Ken Puls, CMA 16 10 Green computing Revealing returns on eco-friendly IT By Arian Soheili, CMA Y Departments 13 Think inside the box When it comes to online defamation, your best 4 Letter from the Editor defence may not be a legal off ence A stronger network for B.C.’s CMAs By David Wotherspoon and Mark Fancourt-Smith 5 Message from your 16 We all blog together now President & Chair The real value of this social media tool is connections By Dave Macdonald, CMA 6 News and notes Tips, events, sponsorships and more 18 Challenge or be challenged Your employees may be waiting until the economy 27 Diary of a CMA in training stabilizes to make a move Module three and the National Case Exam By Diane Kerley, CMA By Geoff Bryant, Candidate in the CMA Program 20 Internal Audit A member dispels the myths 28 Member update By Tom Peerless, CMA Members on the move, new faces and members in memoriam 22 Honing the what and the how Sharpen both skill sets to stay game-ready in changing times 30 Scholarships and donations By Jeff rey Sparling, CMA 31 Chapter profi le 24 So, what’s your TSR? West Kootenay Combatting zero-saving in the Age of Materialism By Don Nilson, CMA, FCMA 35 Spotlight Troy Griffi ths, CMA 32 2009 Executive Tour COVER PHOTO: ISTOCKPHOTO, THIS PAGE: ISTOCKPHOTO, JENNA TYE PHOTOGRAPHY ACCOUNTING MANAGEMENT STRATEGY CERTIFIED MANAGEMENT ACCOUNTANTS | BRITISH COLUMBIA FALL 2009 CMA UPDATE 3 p03_ContentsFall09.indd 3 9/24/09 9:37:44 AM LETTER FROM THE EDITOR FALL 2009 EDITORIAL AND BUSINESS OFFICE Suite 1055 Two Bentall Centre, 555 Burrard St., his summer the Society was abuzz with activities, many of which focused on the Box 269, Vancouver, BC, V7X 1M8 needs of our members, as well as on handling intakes to our fall programs. Phone: 604-687-5891 | Toll-free: 1-800-663-9646 Fax: 604-687-6688 Earlier this year in our member survey you asked us to provide you with Email: [email protected] | Website: www.cmabc.com more information on continuing education opportunities and the activities of We welcome your feedback. Tthe Society. You wanted to be more involved with your designation and kept informed Copyright CMA British Columbia 2009. Publications Mail Agreement No: 40065475. about changes in our program, and to get to know other B.C. CMAs through profi les Please return undeliverable copies to address above. ■ ■ ■ and best practices. We took that information to heart and are happy to inform you of a EXECUTIVE BOARD few ways we are addressing those comments. CHAIR Mia Maki, CMA, FCMA PAST CHAIR Mehb Jessa, CMA, FCMA One of the ways we are improving our CPLD and communication is the revamp of FIRST VICE CHAIR Donalda MacDonald, CMA, FCMA Update, which is the provincial magazine produced by your society here in B.C. Update SECOND VICE CHAIR Kelvin Stretch, CMA, FCMA TREASURER Stephen Lee, CMA, FCMA is distributed not only to our members and other CMA provincial offi ces, but also to SECRETARY Colin Bennett, CMA, FCMA employers across Canada. DIRECTORS AT LARGE Update now has some new features that will help you navigate through the articles Michael Brown, CMA, Jeff Champion, CMA, Graham Fane, CMA, FCMA, Clay Harmon, CMA, FCMA, and make your time spent reading it more effi cient. We have included an icon legend for Mark Kennedy, CMA, FCMA, Patricia Kennedy, CMA, FCMA, each article indicating which one (or more) of the three CMA competencies – strategy, Ron Matthews, CMA, Jim Olsen, CMA, Cecil Stoochnoff , CMA, Laura Hartley, CMA - YUKON management or accounting – the article focuses on: LAY REPRESENTATIVES Doug Alley, BCOM, Anders I. Ourom, LLB, Cathy Whitehead McIntyre, BA, MBA ACCOUNTING MANAGEMENT STRATEGY EXECUTIVE STAFF PRESIDENT AND CEO Colin Bennett, CMA, FCMA We have also created an icon to indicate where there is an VICE PRESIDENT, OPERATIONS Rick Lightheart, CMA, FCMA extended feature on our website to support a particular article; for VICE PRESIDENT, PROGRAMS & MARKETING Vinetta Peek, CMA (HON.) example, for our Excel articles we often feature referenced work- UPDATE STAFF sheets or models on our website. You will see this icon in the white EDITOR – VICE PRESIDENT, PROGRAMS & MARKETING Vinetta Peek, CMA (HON.) ASSOCIATE EDITOR – COMMUNICATIONS SPECIALIST Tiana Mah border beside articles with online components. UPDATE EDITORIAL TASK FORCE: David Andru, CMA, Geoff Bryant, CMA CANDIDATE, Don Nilson, CMA, FCMA, With this issue we have also gone digital. Update is now avail- Roy Quinones, CMA, Jeff rey Sparling, CMA able online in an “electronic paper” version that allows you to “turn” the pages as you read, enlarge the copy on screen, search for specifi c articles or terms and click on live links to our websites and those of our advertisers. As travel has increased for many of our members, and as many of you prefer an electronic versus a printed format, this provides you with an eff ective alternative – no matter where you may be in the world. Canada Wide Media, 4th Floor, 4180 Lougheed Highway, Burnaby, B.C. V5C 6A7 Along with this change in magazine format, the Society has also developed a social Phone: 604-299-7311 | Fax: 604-299-9188 media strategy to further communicate with our members, students, candidates, industry ■ ■ ■ partners and future CMAs. Th is strategy includes pages on Twitter, Facebook and EDITORIAL COORDINATOR Kirsten Rodenhizer ART DIRECTOR Edwin Pabellon LinkedIn, as well as podcasts and our own CMA blog. We invite you to join the conver- ADVERTISING SALES Karen Rice PRODUCTION MANAGER Suzy Williamson sation and keep up to date on what’s happening with your designation. A full listing of STUDIO MANAGER Kristina Borys these sites can be found on page 7 of this magazine. PRODUCTION COORDINATOR Sonia Prasad PRODUCTION SYSTEMS MANAGER Kim McLane Our members also asked us to provide more continuing education. Th is spring we ADVERTISING PRODUCTION Allison Griffi oen, Miki May, Chris Sherwood launched a beta site for our CPLD program at our annual members conference – which SENIOR IMAGING TECHNICIAN Debbie Lynn Craig ELECTRONIC IMAGING Bernhard Holzmann, Laura Michaels also focused on continuing education. We will be including an article on CPLD in each ELECTRONIC PRODUCTION Ina Bowerbank issue of Update, outlining upcoming events and a link to the site. We hope you enjoy ■ ■ ■ CHAIRMAN & CEO Peter Legge, O.B.C., LLD (HON.) reading the article on page 22 and we will keep you updated as the program continues PRESIDENT Karen Foss to grow and expand. EXECUTIVE VICE PRESIDENT Heather Parker, CGA SENIOR VICE PRESIDENT Millie Warren, CGA As we benchmark and focus on continual improvement in our communication and SENIOR VICE PRESIDENT SALES Bruce Wiesner VICE PRESIDENT PRODUCTION Corinne Smith benefi ts to our membership, we welcome your feedback. We (the Update Editorial Task VICE PRESIDENT MARKETING AND DIGITAL MEDIA Samantha Legge, MBA Force) hope you enjoy this issue of Update. VICE PRESIDENT EDITORIAL Kathleen Freimond VICE PRESIDENT FINANCE Farnaz Riahi, CA A NOTE TO READERS Vinetta Peek, CMA (Hon.) Update is published four times a year by the Certifi ed Management Accountants Society of British Columbia and is mailed to 4,000 CMAs, Vice President, Programs and Marketing 1,000 CMA students and industry partners throughout the province. [email protected] Opinions expressed are not necessarily endorsed by CMA British Columbia. Want to advertise in the next issue of Update? Contact Karen Rice at 604-205-1711 or [email protected]. 4 CMA UPDATE FALL 2009 CERTIFIED MANAGEMENT ACCOUNTANTS | BRITISH COLUMBIA p04-05_EditorPresidentFall09.indd 4 9/24/09 9:38:18 AM MESSAGE FROM YOUR PRESIDENT & CHAIR s we fi nish another year at the Society and prepare for This has been an intense year for strategic fall, we’d like to bring to members’ attention some of planning. In B.C. we established a the many member events and initiatives the Society Standing Strategic Planning Committee has planned for 2009-2010. AOur annual convocation event October 24 will welcome our and have put in place a process to new CMA graduates to the designation, as well as this year’s integrate strategic planning activities FCMAs and life members. Th e Society’s newest fellows include with board activities for the year. seven members from B.C. We’d like to congratulate Clay Harmon, CMA, Mark Kennedy, CMA, Stephen Lee, CMA, Mervin Michaels, CMA, Aklilu Mulat, CMA, Robert Pellatt, CMA and program graduates from these fi ve universities who have achieved John Reith, CMA. We also have three new life members in B.C. a minimum GPA and met the required CMA prerequisite courses – congratulations to Donald A. Hincks, CMA, FCMA, Brian J. during their undergraduate studies are exempted from the CMA Kennedy, CMA, FCMA and John W. Lebidoff , CMA. Th e winter National Entrance Exam and may proceed directly to the two- issue of Update will include a feature on this year’s graduates, year professional Strategic Leadership Program, the educational FCMAs and life members, and the convocation ceremony. We cornerstone of the CMA designation. are also hoping to have new CMA Canada Board Chair Bob This September we welcomed a new board of directors. Strachan, CMA, FCMA, who is from Victoria, B.C., and new I would like to thank the 2008-2009 CMA British Columbia Board CMA Canada President & CEO Joy Thomas, CMA, FCMA Executive: Mia Maki (Victoria), Chair, Donalda MacDonald attend our ceremony.
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