FWA June 2009 Newsletter - Financial Executives International

financialexecutives.org

FWA June 2009 Newsletter - Financial Executives International

in this issue

President’s Letter

chapter leaders

Rick Smith, President

Mark Veerkamp, Vice President

Deb Singleton, Secretary

Marv Loutsenhizer, Hospitality

Jim Wine, Partner Relations

Frank Olive, Academic Relations

Dan Landrigan, Newsletter

Larry Piano, Treasurer

fort wayne chapter

Allen Brouwer, Strategic Ptnr Liaison

Nancy Jordan, Program Chair

Jennifer Garcia

Karen Gregerson

Tony Hausfeld

Mike O’Hara

Bill Seck

Dave Springman

Sarah Strimmenos

Randy Warner

Marc Leveridge, Special Events

Dave Dietz, Membership Chair

Allen Brouwer

Dave Fledderjohn

Chris Hootman

Tim Miller

Donna Richardson

Dave Cole, Retention

strategic partners

Baden, Gage and Schroeder

Chris Hootman

Barrett McNagny, Mike O’Hara

Creative Financial Staffing

Donna Richardson

Crowe Horwath Sarah Strimmenos

Ernst & Young, Randy Warner

Fifth Third Bank, Allen Brouwer

National City Bank, Tim Miller

president’s letter

Rick Smith

June 2009

I bring you greetings and congratulations from FEI

National. Mark Veerkamp and I attended the Summit ’09

in Grapevine, Texas May 4 and 5 and accepted the

Second Place winners’ banner on behalf of the Fort

Wayne Chapter. We won second place in the small

chapter division for Outstanding Chapter Achievement.

Congratulations to all of you for your outstanding service

to the chapter!

If you missed our April 20 Professional Development

session—you missed another great one! Many thanks to

Randy Warner for bringing Jez Lim from the Indianapolis

office of E & Y. Jez is truly the expert on IFRS, having

spent time in the U.K. where she supported exchangelisted

companies adopting International Financial

Reporting Standards (IFRS), and managed projects for

IFRS global finance transformation programs. Jez

presented a very practical approach to the potential

adoption by American companies and provided very

informative handouts for us.

We then enjoyed the return engagement of Dr. Kathy

Pollock. Dr. Pollock is the Chairperson of the

Department of Accounting & Finance at IPFW. Kathy

turned her presentation into a learning experience

complete with several pop quizzes. Kathy stated that

they are unable to teach IFRS due to the lack of

materials, no room in an overly-crowded curriculum, the

additional burden on individual faculty and no additional

resources to apply toward the problem.

Kathy fully believes that since IFRS is more flexible than

GAAP, the cost of financial statement preparation will

decrease. The number of footnotes will decrease, but

the length of those remaining will increase. And for the

majority of companies changing from GAAP to IFRS,

profits will go up between 10 and 15%.

Kathy said that IFRS questions will begin to appear on

the CPA exam in 2011. The material tested on the exam

will drive the curriculum in the colleges and universities.

(continued on page 2)------------------------------------------


president’s letter

(from page 1)

Prior to Kathy’s presentation

our Chapter recognized the

best and brightest from

surrounding colleges and

universities. Shane Baughman

of IIT, Joel Hawkins of

Manchester College, Nathan

Beron of Huntington University,

Andrew Wartenbe of IPFW,

Brok Larhman of St. Francis

University and Lauren Hudson

of Trine University (even

though she could not be with

us) were recognized based on

the recommendation of their

faculty sponsors. Frank Olive

made each student feel

honored and did a great job in

coordinating the event.

Since this will be my last letter

as President, thank you for a

great 2 years. Attached please

find a list of our Board for next

year. I’d like to personally than

each of those individuals who

have stepped forward to serve

the Chapter. I hope that you

will work as hard for Mark

Veerkamp as you did for me.

Mark has already started

planning on an even better year

and has some very enthusiastic

support from his V.P.s and

other Board members. Fort

Wayne Chapter will continue to

be the award-winning chapter

you have made it, if we all

continue to provide outstanding

support to the chapter.

Students recognized at the April meeting.

Fort Wayne Chapter FEI

2009 - 2010 Board Members

Mark Veerkamp President

Dave Cole Vice President

Deb Singleton Secretary

Marv Loutsenhizer Hospitality Director

Rick Smith Partner Relations

/National Rep.

Franklin Olive Academic Relations

Dan Landrigan Newsletter Coord

Larry Piano Treasurer

Dave Dietz Program Chair

Allen Brouwer Program Director

Nancy Jordan Program Director

Marc Leveridge Program Director

Bill Seck Program Director

Tom Scare Program Director

Chris Hootman Program Director –

PD Sessions

Karen Gregerson Membership Chair

Donna Richardson Membership Dir

Sarah Strimmenos Membership Dir

Jennifer Garcia Membership Dir

Dave Cole Retention Director

Sara Dye Admin Assistant


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