A Q U A R T E R L Y P U B L I C AT I O N F
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1 Triple Platinum Partnership Embodies E&Y’s Commitment
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National Notes Election Notification President’s Message Keeping You Up To Date Executive Director
6 Chapter Chatter 6 Membership Online Payments Easy as 1-2-3 Members on the Move Member Profile DOF Corner Prudential’s Added Value
15 Lifetime Member Corner: Enhance Your Net Worth – Become a Lifetime Member
18 In Memorium Benjamin L. King, Sr.,
(l-r) Arnold Donald, Chairman of the Board, Merisant; Norman Jenkins, CPA, National President & CEO, NABA, Inc.; Sakina P. Spruell, Editor-atLarge, Black Enterprise Magazine; Barbara Bowles, Chairman & CEO, Kenwood Fund; Debra Lee, President & CEO, Black Entertainment Television; Lloyd D. Ward, Chairman, Body Blocks Nutrition Systems, Inc. & Former Chairman & CEO of Maytag Corporation; Tom Mattox, Managing Director, Finance Division, Goldman Sachs & Company; and Darryl R. Matthews, Sr. Executive Director & COO, NABA, Inc. during the Public Forum.
19 Congratulations to National Awardees
20 Advocacy Corner 21 2005 National Convention Public Forum
23 Detroit Corner The Drive is Alive to Detroit in 2005
25 The Magic of Magic by Willie Jolley
27 The Granting of Stock Options by Robert L. Howard and Jerry Thome
30 2005 National Convention Highlights
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etroit was definitely brought to life during the week of June 14 - 18, 2005 and it was only partially due to the Pistons pumping for the 2005 NBA Championship in their hometown. The real fuel behind the acceleration of the Motor City was the flock of NABA’s 2005 National Convention attendees. Over 2000 professionals, students and corporate partners made their way to downtown Detroit's Marriott Renaissance Center. It was as if liters of 93octane pure premium petro were being pumped into a revving engine. The 34th Annual National Convention was set in motion and the road was NABA’s for taking.
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Director Ascends to Presidency of Alpha Phi Alpha
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The “Motor City” Drives the Convention to New Heights!
1 NABA’s Executive
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(l-r) Chris Simmons, Chief Diversity Officer, PricewaterhouseCoopers LLP; Honorable Robert A. Ficano, Wayne County Executive; Carla Sledge, Co-Chair, Detroit Convention Host Committee; James O'Connor, Director of Finance, City of Dearborn, Office of the Mayor; Norman Jenkins, CPA, National President & CEO, NABA, Inc.; Betty Maple, Co-Chair, Detroit Convention Host Committee; Donald Christian, CPA, National Director, NABA, Inc., & Partner, PricewaterhouseCoopers LLP; Darryl R. Matthews, Sr., Executive Director & COO, NABA, Inc., Moire Rasmussen, PricewaterhouseCoopers, LLP; Barry C. Winters, Executive Vice President, NABA, Inc. during the Opening Reception.
Many veteran convention-goers arrived knowing what to expect, but with a sense of anticipation. While some novices had no clue of the excitement and opportunity ahead of them. Both groups were in store for a priceless experience in which they would learn new things, meet new people and be introduced to new ways of thinking that would alter their professional and personal lives. The week of fun, learning, networking and overall development left attendees with enough to carry them over to 2006 when the convention will be held in Greater Miami/South Florida. SEE 2005 Convention Highlights
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NATIONAL
Notes
Well Wishes to Outgoing National Board Members NABA extends warm gratitude for the time and leadership provided by the following departing national board of directors: Benetta Leon,CPA – Western Region President; Pamela D. Borders, Central Region Representative; Kenneth E. Cooke,
2005 Annual Giving Campaign — Your Gift Can Go A Long Way NABA is committed to supporting its members by providing quality professional development programs, publications and events throughout each year. Although member dues as well as corporate partnerships in part support NABA, there is still a need for further financial support.
CPA, Eastern Region Representative; Nicole Felix, Western Region Representative
In order for NABA to continue to offer dynamic educational programs and
and Floran Thomas, CPA, National Director. Many thanks for your service.+
networking opportunities for its members, we need your help. If you are planning to make a charitable donation by the end of the year, consider sup-
Darryl R. Matthews, Sr. Invited to Speak at Funeral for Ebony/Jet Founder NABA Executive Director & COO, Darryl R. Matthews, was honored with being invited to serve as a pallbearer and speaker during
porting NABA. As a nonprofit, member contributions can be used to support and further enhance the annual national convention, the Ralph J. Grant Institute, student conferences, member publications like Spectrum and our scholarship programs, among other member benefits. Because NABA is strongly committed to mentoring and educating today’s and tomorrow’s brightest accounting and finance professionals, it is essential that we raise funds to support our many endeavors.
a modified Omega ceremony held by Alpha
Make NABA apart of your annual charitable giving. Please use the enclosed
Phi Alpha fraternity for publisher, John H.
envelope to mail your monetary gift to support YOUR organization’s future.
Johnson. Johnson passed away on August 12, 2005. Matthews is general presi-
Remember to ask your employer about matching gifts through the United
dent of the Fraternity and Johnson was a member of the Fraternity. After the
Way. This is a great way to leverage your annual giving contribution when
services, Matthews was interviewed by the Chicago Defender and BET. In addi-
your company contributes.
tion, portions of his speech were run on Chicago’s ABC 7. +
Thank you in advance for investing in NABA’s prosperity. +
Meet the FY2006 National Board of Directors ▲
Find out which one of your fellow NABA members has committed to leading NABA’s future as a member of national board of directors. See page [insert page number] +
NATIONAL NOTES – Continued on Page 19 2
THE PRESIDENT’S
Message
Greetings NABA members, It is with great pleasure and pride that I can report that the 2005 National Convention, held in Detroit was a huge success. My remarks in this article are a formal wrap-up and assessment of the National Convention. There were over 2,000 members in attendance. NABA members showed up in force. This resulted in historic record for NABA National Convention attendance. It should be duly noted that the Detroit Chapter did an excellent job hosting the event. The chapter’s professionalism and hospitality made the convention run smoothly and everyone had a great time. NABA had great success in the motor city. Thank you to Zain McKinney and Angela Avant for their efforts in the coordination of this event. A big thanks also goes out to Larry Bailey and Brian Anderson for serving as moderators. The Public Forum was an important piece in the success of the convention. The forum was hosted by Black Enterprise magazine. The event featured a panel of distinguished CEOs from Fortune 500 and BE 100 companies. The interaction and discussion was lively and informative. Everyone in attendance gained knowledge and insight on the complexities and opportunities prevalent in the business world. It is fair to state that the public forum was a great success. The Partner/CFO symposium was well attended and received. The forum was comprised of partners, CFOs and senior finance executives. These senior level executives shared their wisdom, vision and insight and the response from the attendees was positive. The symposium went so well that they have agreed to meet separately several times a year. The ELDI program was featured again. This event is quickly becoming a convention favorite. This year the content of the program was again coordinated and designed by Harvard Professor David Thomas. The revamped and improved program was a tremendous success. I want to take a moment to point out that there is one aspect of the convention that may have gone unnoticed. There was something different at the convention and it was not
Norm Jenkins, CPA National President and CEO
something that could be easily detected. However, this one aspect of the convention did have an impact on how we measure the success of the convention. What you may have missed is the fact that corporate participation at the 2005 National Convention substantially increased this year. What this means for NABA is that more corporations are recognizing the value of partnering with NABA. That means greater opportunities for members and the Organization. We know that NABA members have a great deal to offer. We are getting the message across loud and clear that NABA has the best to offer. Several members of NABA have received job offers and everyone left the convention energized. I have received several e-mail messages that detail what a value the convention provided. A big highlight of the convention was the student cases competition. I was personally moved by the presentation of the student cases. It was exciting to see the students perform. Any one of the cases that were presented could have been presented in a corporate boardroom sitting. The level of difficulty was apparent. The level of excellence was impressive. In closing, I want to encourage each member to become active in the upcoming NABA student regional events. These are important events and members can enhance their significance by participating. Moreover, I want to encourage each member to become actively at board leadership meetings. All members are invited to attend and it is a wonderful opportunity to become involved. I hope that everyone had a great time at the 2005 National Convention in Detroit. +
ACHIEVING EXCELLENCE THROUGH LEADERSHIP
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KEEPING YOU
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From the Desk of the Executive Director Greetings ! Convention Wrapup The Detroit Convention was a tremendous success. There was substantial growth in attendance by members and corporate sponsors, which made the event an even bigger success. The folks in the Detroit chapter promised a great time for all NABA conventioneers. And they delivered on that promise. So I want to say thanks to all of the Detroit chapter members. And a special thank you must go our to Betty Maple, Detroit Convention Committee Host Chair and Carla Sledge, Convention Host Committee Co-Chair. These fine ladies had their work cut out for them with this convention and they did a super job. They were certainly up to the task of making the convention a memorable event. The entire chapter made sure that everything ran smoothly. A special thanks must also goes out to Mayor Kwame Kilpatrick and Mayor Dennis Archer for their support and help. I am certain that the members were richly rewarded this year. In addition, I want to thank my staff from the national office for their hard work and professionalism. Things do not always execute flawlessly at the convention. Often there are many problems that arise at a moments notice. The staff at the national office worked tirelessly to ensure that the convention ran like a precision instrument. From the training and development sessions and public forums, to the various parties and hospitality suites, the staff worked around the clock to make sure that all NABA members have a good time. For that the staff is to be truly commended. Due to the overwhelming success we had in Detroit, NABA members need to start planning now to attend our next convention. Every member of NABA must plan to register early for the next convention. Additionally, it is imperative that room reservations be made early. The 2006 convention will be held in Hollywood Florida. Early analysis and data done by the national office staff suggest that this convention will be heavily attended. Rooms at the host hotel will be available at the discounted NABA rate until May 15, 2006 or until rooms run out, which ever comes first. Once all the rooms are booked, there will be no opportunity to get a room at the convention hotel. So every member must ask themselves, can I afford to wait until May to book my room for the convention? I look forward to seeing all registered members at the convention.
NABA Business Update The Student Conferences are coming up. Members have an opportunity to participate and become mentors. Please consider being a part of the conference. The DOF Conference will take place soon, so members need to plan now to be in attendance. I would like to welcome several new additions to the NABA family. Veda Stanley-Mitchell and Yolanda McBride both were blessed with healthy babies. It is always a joy to hear that someone has been blessed with a child. Children are a gift from heaven. NABA members need to carefully consider running for board positions. In addition, members need to encourage others within the organization to seek board membership. New and vibrant ideas are needed. In addition, we must start preparing the next generation of NABA leaders to take over the helm. However, there is one important caveat to this plea. We need Board members who will bring something to the table. Board members must have the ability to enhance the board through resources and contacts. Individuals who want to serve on the board but lack the experience should join a non-profit resource center. They will then be able to receive board training and receive excellent board preparation skills. Non-profit board experience is a definite plus because a person develops a command of influence that extends beyond a wide network. American Icon Leaves Us Recently I was in a barbershop to get a haircut. While I was there, my thought reflected back to my youth. When I was a boy, I went to the local barber in Kansas City on Saturday morning. It was a weekly ritual that instilled in me the need for good grooming. At the barbershop the older men would always have a conversation or debate going. It was socially unacceptable for me to join in the conversation of the older men. The men would engage in a wide variety of topics that included everything from politics, current events, religion, sports and of course women. And since I could add nothing meaningful to any of these topics of discussion, I remained silent. The only thing to do was to wait for my haircut. Now anyone who knows how a barbershop works, waiting to get a haircut can be and all day process. Therefore, you need something to help pass the time. Back in the day that meant that you read
Darryl R. Matthews, Sr. Executive Director and COO
the current editions of Jet and Ebony. Those two magazines are now an important part of American culture. There was a time when every Black home and Black owned business in America had a copy of those two magazines. I can vividly remember sitting inside the small barbershop of my hometown reading those two magazines over and over. Many of the editions were several years old. But it did not matter. Jet and Ebony opened my eyes to a world of Black life that was full of promise and hope. I would have not have known about that world if it had not been for the vision of one man to print a magazine about Black people by Black people. That man was John H. Johnson, the legendary founder/publisher of Ebony and Jet magazines. Mr. Johnson passed away at the age of 87 on August 8, 2005. John Johnson was the eyes and ears of Black America. He was a messenger for our people. Every month Black people ran to their mailboxes to pick up the latest issue. Those magazines told our story. We all owe a debt of gratitude to John Johnson, for profiling Black people in a positive light. He helped to give hope to the community. His magazines inspired minds young and old. I had the honor of being invited to serve as a pallbearer and speaker during the memorial ceremony held by Alpha Phi Alpha, Inc Fraternity. I spoke in my capacity of General President of the Fraternity. John Johnson was also a proud member of the Alpha Phi Alpha Fraternity. It was a beautiful funeral service for a wonderful American Icon. +
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On the Move
Joy Alexander, CPA has accepted the role of vice president of permanent placement for Robert Half International, one of the largest specialized staffing firms. The position was created to help drive the hiring, training and mentoring of all permanent operations in Southern California and select states in the surrounding region. Joy has been with Robert Half for just over five years and in that time successfully led the permanent placement team in Ontario to new heights. Joy has over 13 years of finance and accounting experience. She is an alumna of Ernst and Young and a member of NABA for five years. + Dorothy Brown, CPA, JD, MBA, a member of the NABA Chicago chapter, has been appointed to the Illinois CPA Society's board as vice chair. She also serves on the ACAP Chicago board as the chair of fund development. This summer, Dorothy received NABA’s National Achievement in Government award. +
Daryl Daniels was recently appointed casino controller at The Mirage in Las Vegas. Daryl will oversee all aspects of casino revenue accounting and auditing including internal controls and regulation compliance.
Daryl’s experience in the gaming industry and vast knowledge of gaming regulations and controls will be a great asset to The Mirage. Previously, he held the position of assistant casino controller at the Bellagio Las Vegas. + Governor Mark R. Warner has appointed Tyrone E. Dickerson, CPA, of Richmond, Virginia to the Virginia Board of Accountancy for a term beginning July 1, 2005 and ending June 30, 2009. The Board of Accountancy has the authority to certify and issue CPA certificates to persons to practice public accounting and restrict the practice of public accountancy to those persons who are so certified, and who may use the CPA title. The board issues permits to firms to engage in the practice of public accountancy in the Commonwealth. Tyrone E. Dickerson, CPA is a sole proprietor in Richmond, Virginia. Mr. Dickerson received his undergraduate degree from Central State University and his MBA from Harvard Business School. He has over 35 years of public accounting experience. Mr. Dickerson is a member of the AICPA; Virginia, New York and Pennsylvania Society of Certified Public Accountants; National Association of Black Accounts; Rotary Club of Richmond and Kappa Alpha Psi Fraternity, Inc. +
Be featured in Members on the Move or Chapter Chatter: Have you accepted a new job, received a promotion, been named to a board, or been included in an article? Let us know, so we can highlight your accomplishment. Send your info to Johnetta B. Hardy at jbhardy@NABAinc.org. Don’t forget to include your photos!
Chatter
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September 5 15-16 15-16 21-24 October
opportunity to network and relax prior to the week’s activities. Technical sessions during the week included: accounting 101, business writing, mock interviews, budgeting and oral presentation skills. The students also made an off-site visit to The Tribune Company and participated in a bowling outing on the campus of the University of Illinois at Chicago. The week concluded with an awards banquet that included student testimonies and scholarship presentations.
6-8 6-8 11-16 13-15 13-16
20-22 November 2-6 11 21-23
24-25 December 9-10 15 26 31
National Office Closed – Labor Day Board of Directors Meeting – Hollywood, FL 20th Annual ABASA Convention – South Africa Congressional Black Caucus – Washington, D.C. Central Region Student Conference – Minneapolis Southern Regions Student Conference – Atlanta National Black MBA’s Conference – New Orleans West Coast – Western Region Student Conference – San Mateo, CA Eastern Region Student Conference – East Brunswick, NJ Southwest Student Conference – Dallas BESLA Conference – Tucson, AZ National Office Closed – Veterans Day Ralph J. Grant Institute 2nd Annual Professional Development Conferences in: New York, San Francisco, Washington D.C., Atlanta, Chicago and Detroit National Office Closed – Thanksgiving Holiday Board of Directors Meeting – Washington, D.C. National Annual Awards Call for Nominations mailed to members National Office Closed – Christmas Day Observed Nominations for Board of Directors must be postmarked
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March April 14 30 May June
CHAPTER
The NABA Chicago Chapter has made history. In July, the first Accounting Careers Awareness Program (ACAP) in Chicago was launched at Chicago State University (CSU). Students from Chicago area high schools such as Simeon Career Academy, John Marshall, among others, participated in the residence program. ACAP Chicago kicked off with a welcome reception at CSU’s campus, which allowed students, parents, CSU faculty and corporate partners the
Events
CALENDAR OF
MEMBERS
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National Office Closed – New Year’s Day National Office Closed – Martin Luther King, Jr. Day DOF Annual Conference – Las Vegas Postmark Deadline for National Awards Nominations TBA Board of Directors Meeting – Washington, D.C. TBA Board Planning Retreat National Office Closed – Good Friday Pre-registration deadline for 2006 National Convention National Office Closed – Memorial Day Board of Directors Meeting – Hollywood, FL NABA 2006 35th Annual National Convention & Diversity Recruitment Expo – Hollywood, FL
Advertise in NewsPlus Today 2005-2006 ADVERTISING SCHEDULE Issue
Advertising Deadline
Publication Release
Winter Spring Summer
October 14 January 20 March ?
December 2 March 2 June ?
Office Depot
“The National Office Supply Company for NABA”
In
Memoriam
Mary T. Washington, CPA 1906 – 2005
NABA’s National Board of Directors mourns the loss of Mary T. Washington, who is credited with being the first Black female CPA and the co-founder of one of the largest black-owned CPA firms. We thank Ms. Washington for her pioneering dedication to the accounting profession and offer our sincerest condolences to her family and friends. +
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The “Motor City” Drives the Convention to New Heights!
2005
Convention
HIGHLIGHTS
Continued from Cover Public Forum and Opening Reception The Public Forum and Opening Reception marked the official kick-off of NABA’s 34th Annual National Convention. Held at the Ford Conference and Event Center, the Public Forum was hosted by Black Enterprise and proved to be one of the Convention highlights and notably the most attended event with more than 800 conventioneers in attendance. A panel of distinguished CEO’s from various industries graced the audience with a riveting and informative discussion titled,“Expectations of the CFO–Have They Changed?” The moderator was Black Enterprise’s own Sakina P. Spruell, Editor at large and the panel of speakers included:
Sakina P. Spruell, Editor-at-Large, Black Enterprise Magazine serves as moderator for Public Forum.
– Barbara Bowles, Chairman & CEO, Kenwood Fund – Arnold Donald, Chairman of the Board, Merisant – Debra Lee, President & CEO, Black Entertainment Television (BET) – Lloyd D. Ward, former CEO of Maytag and Chairman, BodyBlocks Nutrition Systems, Inc.
Debra Lee, President & CEO, Black Entertainment Television (BET) & Carl Brooks, Chairman, Executive Leadership Council (ELC) during the Public Forum VIP Reception.
“The Public Forum was outstanding. Just the fact that we now have a broad based selection of CFO’s and CEO’s willing to share inside information with our membership is just incredible. It just shows you what heights we have achieved and where we can go and this is what this conference is all about, networking and moving up the ladder. I have always loved the theme, ‘Lifting as we Climb.’ This forum was a true example of that.” – Nancy Flake-Johnson, CPA, NABA Member and President of NAFJ “The panelists did a great job. They were excellent and had good insight on what CEO and CFO’s are dealing with in today’s compliance driven environment.” – Kirk Blackman, DC Metro Chapter “It was fabulous. They were outstanding, all four of them were just fantastic. It’s just a testament to where we are to have four African Americans – 2 women, 2 men sitting up there and expounding on their experiences on major corporate boards. It’s just awesome.” – Sherry Blount, NABA Board Member Immediately following the Public Forum, the crowd poured across the street to the grandiose Henry Ford Museum, where the Opening Reception was held. Truly a joyous event for all in attendance, the reception overflowed with smiling faces, mingling and first-class food. One could not have asked for a more fitting location, as the snazzy décor of the museum, underscored by historical artifacts of all kinds granted the revelers social and intellectual appeal. Not only were attendees able to network and establish contacts across student and professional lines, but they could do so while viewing the historical progression of the Ford Model T or the earliest airplanes. This was a grand way to celebrate the launch of the 2005 National Convention!
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Partner/CFO Symposium One of the largest gatherings of African-American partners and CFOs convened for the First Annual Partner/CFO Symposium. The room was full of enthusiasm as Brian Anderson, former CFO for OfficeMax and Larry Bailey, retired partner for KMPG, lead the 50 + group through an assortment of topics and issues impacting finance executives in today's business world. In addition to partners from the “Big Four” and DOF firms, there was representation from various finance executives. The symposium was an opportunity for finance professionals to network, discuss relevant issues and ways to leverage their financial acumen and influence. The response was great and there is no better testament to that, than the group's desire to establish a steering committee and determine next steps!
“This was the first year of the CFO Partners Symposium and it was inspiring to see powerful African-Americans in position such as CFO’s and partners, coming together to define what we want to be and how we’re going to get there. Not only talking about ourselves, professional development and networking, but what we’re going to do to come back to help young people and create more Black CPA’s. It was rewarding and fulfilling and I look forward to a bigger panel next year and this continuing forever.” – Kim Griffin-Hunter, CPA, NABA Past President and Partner with Deloitte.
Norman Jenkins, CPA, National President & CEO, NABA, Inc.; Odell Brown, CPA, NABA Lifetime Member; Ted Reid, III, Senior Vice President & Wealth Advisor, Morgan Stanley during the Partners/CEO/CFO Board of Directors VIP Reception.
Norman Jenkins, CPA, National President & CEO, NABA,Inc. and Darryl Matthews, Sr., Executive Director & COO, NABA, Inc. hanging out with Tony the Tiger during the Central Region Breakfast.
Distinguished Collegian Dinner
Allen S. Thomas, Jr., CPA, National Managing Partner of Human Resources & Partner Matters, Deloitte, Norman Jenkins, CPA, National President & CEO, NABA, Inc.; Zain McKinney, CPA, National Director, NABA, Inc.; Wayne Lee, CPA, National Director, Student Member Services, NABA, Inc.; Darryl R. Matthews, Sr., Executive Director & COO, NABA, Inc.; Challenge M. Okiwe, Director, Center for the Advancement of Minority Accountants (CAMA) during the Distinguished Collegian Dinner.
Allen S. Thomas, Jr., CPA, National Managing Partner of Human Resources & Partner Matters, Deloitte, and Challenge M. Okiwe, Director, Center for the Advancement of Minority Accountants (CAMA) congratulate the NABA Distinguished Collegians (l-r) ????? (challenge to identify students)
On Wednesday, Deloitte sponsored the Distinguished Collegian Dinner. Ten deserving students named NABA’s 2005 Distinguished Collegians were presented with awards. The students recognized at the dinner included LaToya Allen, Marquita Barnes, Deana Davis, Natasha Frost, Shemekia McEachron, Michael Mendy, Ramiro Paz, Ritu Sood, Victoria Williams and Cheng Yang. The awards are based upon the student’s involvement in their student chapters, school community and their academic credentials. During the dinner, Allen Thomas, Jr., CPA, National Managing Partner of Human Resources and Partner Matters at Deloitte, gave an overwhelming keynote address. He encouraged students to remain focused on their long-term goals of success and the means by which they are to achieve such goals, namely education.
Student Seminar Sessions The 2005 Student Seminar Sessions took place from Wednesday to Friday. Throughout the week, students were engaged in informative and interactive sessions covering such topics as leadership, financial literacy, integrity and career opportunities within the public accounting field. Partners, senior associates and mid-level executives from companies including KPMG LLP and Levy Wray & Associates LLC facilitated the sessions. For the first time ever, students had the opportunity to learn and practice proper social dining skills as a part of the Student Seminar Session program. The Professional Etiquette Luncheon (PEL), sponsored by PricewaterhouseCoopers LLP, made this possible. The luncheon, which was directed by Michelle Pepe of Brody Communications Ltd., addressed etiquette of the entire dining experience, from setting a table to conducting afterdinner conversation. The Student Seminar Sessions touched on subject matter concerning the personal and professional development of these future business leaders in a manner that was entertaining, enlightening and engaging. The benefits of attending these well-planned events will follow students throughout their academic and business endeavors.
CPA Examination Review Much novelty was brought to the 2005 National Convention with the debut of the free CPA Examination Review Course. This was made possible due, in part, to the contributions of Becker CPA Review. For the first time in NABA National Convention history, members who were preparing for the CPA Exam were able to attend an intense review course covering each section of the exam including: regulation, business environment & concepts, auditing and attestation, and financial accounting & reporting. Dave Montera of Becker CPA Review and Richard Berschback of Walsh College facilitated the review courses. (4th from left standing) Wayne Lee, CPA, Director, Student Member Services; Chris Simmons, Chief Diversity Officer, PricewaterhouseCoopers LLP; Michelle Pepe, Facilitator, Brody Communications, Ltd.; Challenge M. Okiwe, Director, Center for the Advancement of Minority Accountants (CAMA), NABA, Inc.; Moire Rasmussen, Diversity & Worklife Leader, PricewaterhouseCoopers LLP; Matt Milligan, Diversity Leader, PricewaterhouseCoopers LLP join NABA student members during the Student Professional Etiquette Luncheon.
(4th from left standing) Wayne Lee, CPA, Director, Student Member Services; Chris Simmons, Chief Diversity Officer, PricewaterhouseCoopers LLP; Michelle Pepe, Facilitator, Brody Communications, Ltd.; Challenge M. Okiwe, Director, Center for the Advancement of Minority Accountants (CAMA), NABA, Inc.; Moire Rasmussen, Diversity & Worklife Leader, PricewaterhouseCoopers LLP; Matt Milligan, Diversity Leader, PricewaterhouseCoopers LLP join NABA student members during the Student Professional Etiquette Luncheon.
Seats in the course were offered on a first-come, first-served basis, and the classes were filled daily. Convention attendees were very enthusiastic about the free course.
“With the accounting profession under a microscope, many opportunities have opened up for accounting professionals. NABA has been charged with insuring that there are a larger pool of African- American Certified Public Accountants in the workforce. Therefore, NABA has started and will continue to provide a CPA Review curriculum at our annual national convention as well as other certification course reviews such as Certified Internal Auditor (CIA) and Certified Management Accountant (CMA). We look forward to our upcoming partnership with Gleim Publications in order to continue this effort.” – Felicia Farrar, NABA National Director and Chair of Professional Development.
CPE Technical Sessions One thing the NABA National Convention is known for is the opportunity to gain continuing professional education (CPE) credits. These credits are required by each state in order to maintain CPA licensing. This year, 54 technical sessions were offered extending across five different fields of study: accounting, assurance and auditing, personal development, ethics and taxation. Led by experienced executives from some of the nation’s top companies, the technical sessions utilized dynamic interaction between speaker and attendee to foster an informative and enjoyable learning environment. One of the most popular sessions, with 221 attendees, was entitled How to Handle Difficult People and Situations, directed by Kimberly Reed of Merrill Lynch. This session focused on enhancing one’s ability to deal with difficult and demanding people while reducing stress and maintaining control under pressure. Another highly attended session was the Black Enterprise Financial Empowerment Seminar. Black Enterprise’s Sakina Spruell facilitated this wealth building seminar, designed to provide African American’s with tools essential to seeking and acquiring financial empowerment.
Allen Boston, Vice Chairman of Client Services, Ernst & Young sharing his with one of the Scholars Breakfast participants .
9
2005
Convention
NABA Members Nicole Felix and Shannon Tisdale, CPA, along with Johnetta Boseman Hardy, Deputy Executive Director, NABA, Inc. join Joseph Kosinski, Director, Corporate Manufacturing Accounting, Abbott Laboratories and a few members of the Abbott Laboratories team at their reception.
HIGHLIGHTS Hospitality Suites NABA proved to Detroit that accountants are not all boring number crunchers as it offered the infamous hospitality suites to the Detroit Marriott Renaissance Center. Every night during the convention, a party could be found complete with upbeat music, tasty refreshments and an all-around good time. On any given night convention-goers could choose between the official NABA Hospitality Suite or the Detroit Hospitality Suite, sponsored by the Detroit local chapter. To some, it didn’t matter because in each they could find a live DJ spinning their favorite tunes and a room full of beautiful people to join them in a dance. One of DC’s premier DJs, DJ Sixth Sense rendered his services and mixed the night away in one of NABA’s hospitality suites. On Saturday night, the official Awards Banquet After-Parties were held. On one floor, hosted R & B lovers and hip-hop heads partied it up in the “New-School” suite. For those wanting to take it back to the days of Diana Ross and the Jackson Five, the “Old-School” suite provided the old Motown sound in honor of the host city and home of Motown–Detroit. For all who danced the night away at the 2005 National Convention, it can truly be said that NABA knows how to get the party started!
(l-r) Allen Boston, Vice Chairman of Client Services, Ernst & Young; ?; Johnetta Boseman Hardy, Deputy Executive Director, NABA, Inc.; Norman Jenkins, CPA, National President & CEO, NABA, Inc.; Leslie Jones, Americas Director, Office of Diversity Strategy & Development, Ernst & Young; Darryl R. Matthews, Sr., Executive Director & COO, NABA, Inc.; Fredrick A. Scott; Assistant Director, Office of Minority Recruiting, Ernst & Young, during the Ernst & Young Reception.
ELDI/MLDI
(l-r) Allen Boston, Vice Chairman of Client Services, Ernst & Young; ???????; Johnetta Boseman Hardy, Deputy Executive Director, NABA, Inc.; Norman Jenkins, CPA, National President & CEO, NABA, Inc.; Leslie Jones, Americas Director, Office of Diversity Strategy & Development, Ernst & Young; Darryl R. Matthews, Sr., Executive Director & COO, NABA, Inc.; Fredrick A. Scott; Assistant Director, Office of Minority Recruiting, Ernst & Young, during the Ernst & Young Reception.
Continuing to build upon their previous successes, NABA’s Executive Leadership Development Institute (ELDI) and Management Leadership Development Institute (MLDI) programs, once again, exceeded expectations to make for a positively rewarding experience for all in attendance. The ELDI Program commenced on Sunday, June 12, as a host of enthusiastic senior-level executives registered and began three days of intensive interactive training under renowned professors from Harvard and Northeastern Universities. The MLDI Program, which is geared toward the development of mid-level managers and executives, began on Wednesday, June 15. In both programs, attendees corresponded with each other, working in groups, while completing a case study. At the end of the program, the attendees and speakers were honored at the ELDI and MLDI Receptions and presented with certificates of recognition. As ELDI and MLDI are considered valuable tools of training and professional development, attendees were able to receive CPE credits for their participation.
“The 2005 Executive Leadership Development Institute continued to exceed expectations on content and program delivery. The contributions by the professors from Harvard, Wharton and Darden coupled with the provocative insights from the panel at the Executive Roundtable built upon the strong tradition of excellence that is the hallmark of ELDI.” – Derric A. Gregory, Sr., Vice President, Blue Cross Blue Shield of North Carolina
Kenneth Shropshire, David W. Hauck Professor at the Wharton School of Business, University of Pennsylvania facilitates ELDI Session, “Doing Deals”
NABA members greet the ABASA delegation during the ELDI Welcome Reception.
Milton H. Jones, Jr., Global Quality & Productivity Executive, Bank of America brings sponsor remarks during the ELDI Luncheon.
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(l-r) Darryl R. Matthews, Sr.; Executive Director & COO, NABA, Inc.; Norman Jenkins, CPA, National President & CEO, NABA, Inc.; ? ; Johnetta Boseman Hardy, Deputy Executive Director, NABA, Inc.; Brian Daves, CPA, Director, Leadership Development Committee, NABA, Inc.; Wayne Lee, CPA, National Director, Student Member Services; Nicole Felix, Western Region Representative, NABA, Inc.
NABA 11th Annual Golf Classic The NABA 11th Annual Golf Classic was held on Wednesday, June 15, 2005, at the beautiful Orchards Golf Club in Washington, MI, a suburb of the Metro Detroit area. This annual event provided an excellent opportunity for relationship building, networking and sportsmanship in a relaxing environment. Back by popular demand, the Annual Golf Classic also included a Golf Clinic conducted by the teaching professionals and staff of the Orchards Golf School. The golf professionals provided three hours of teaching and fun in a non-threatening environment to assist over 20 students in learning the game of golf. All who participated discovered a new found appreciation and vigor for learning the game.
golf026
Once finished, each Golf Classic participant enjoyed an excellent buffet-style lunch. This provided everyone involved with another opportunity to network and establish relationships with other NABA members and partners. A brief program was conducted, after-which, it was time to announce the winners. Team Awards: — 1st Place Team – Various Individuals/Defending Champions: Ralph Thomas, C.L.“Butch” James, Les Netter, Curt “C.T.” Tomlin — 2nd Place Team – JPMorganChase/Individuals: Silas Williams (JPMC), Jim Oroho (JPMC), Stephen Sylvan (Individual) & Jimmy McMillan (Individual) — 3rd Place Team – Deloitte / Individuals: Warren DeSouza (Onyx), Richard Grace (Deloitte), Council Leak (Wal-Mart), & Eugene Padget (Deloitte) axa025
Contest Winners: – Long-Drive Contest Winners: – Men's Long Drive – Mike Grennier, Pulte Homes – Women's Long Drive – Kelli Ball, Pulte Homes – Closest to the Pin Winner: Michael Fung, Wal-Mart – Straightest (Nearest to the Line) Drive: Ken Mwindi, KPMG – Longest Putt: Mike Grennier, Pulte Homes Unfortunately, there were no winners of the Hole-In-One contests that included, among other items, an all-expense paid trip for four to the 2006 Ryder Cup in Scotland.
“All in all, the 11th Annual Golf Classic proved to be a worthwhile experience for everyone that participated. NABA and CAMA would like to thank all its participants for their gracious and generous support. We look forward to seeing you at next year’s event.” – Sean Phillips and Terry Pierce, Tournament Coordinators.
2005 Diversity and Recruitment EXPO NABA’s Diversity and Recruitment EXPO is held every year as a means to link corporate partners with the students and professional members of NABA. The EXPO is essentially a large-scale career fair where members have the opportunity to take advantage of job openings within the companies that give their support to NABA. This is a great opportunity for those who may be in the process of seeking new employment or those seeking to browse available positions in their field. It is also an opportunity for companies to showcase their products and services.
Joseph Kosinski, Director, Corporate Manufacturing Accounting, Abbott Laboratories brings remarks during the 2005 Diversity Recruitment Expo Opening.
The 2005 EXPO opened on Thursday, June 16 with the Diversity and Recruitment EXPO kick-off. The spacious Ontario Exhibit Hall was able to accommodate over 90 companies and the myriad of EXPO visitors comfortably. The Diversity Recruitment Expo was such in demand from corporate America, this year that we sold out and had to turn away over 15 companies. Refreshments were served throughout the duration of the EXPO, which lasted until Friday, June 17, allowing for relationships to be formed, as well as interviews and job offers that will be beneficial to both the corporate partners and membership.
“Of all the conventions and job fairs that we’ve attended in the last six years, we’ve interviewed and hired more candidates here than at any other convention or job fair.” – Joe Joe Kosinski, Director, Corporate Manufacturing Accounting, Abbott Laboratories.
Norman Jenkins, CPA, National President & CEO, NABA, Inc. and several NABA Board members assist Joseph Kosinski, Director, Corporate Manufacturing Accounting, Abbott Laboratories during the Ribbon Cutting ceremonies for the 2005 Expo Opening.
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Corporate Appreciation Program In display of its genuine gratitude for the contributions of its corporate partners, NABA hosted the 2005 Corporate Appreciation Program Reception. During the reception, all of the corporate partners, whose benevolence has made possible much of what NABA has to offer, were acknowledged and celebrated in a relaxed party-like setting. The ballroom was fully decorated in a tropical theme. After hearing words of admiration from NABA’s president, Norman K. Jenkins, CPA and immediate past president Kim Griffin-Hunter (who strutted across the stage to Beyonce’s Crazy In Love), attendees were graced with a surprise performance by a local Detroit dancer performing her signature piece entitled Trapped. More live entertainment followed as a local dance troop filed out on the stage and performed as the crowd was allowed to mix and mingle. NABA’s corporate partners were celebrated in style!
2005
Convention
HIGHLIGHTS
“The convention has been outstanding. I think the turnout has been great. I think the Corporate Appreciation Program evening event has been fantastic. Great turnout! Great and Different venue! I’m loving it, I’m having a great time.” – Neil Simmons, Assistant Controller, Finance Altria/PMUSA
Scholarship Luncheon
(l-r) Neil Simmons, Assistant Controller, Finance, Altria/PMUSA; Norman Jenkins, CPA, National President & CEO, NABA, Inc.; Verna Greer, Chair, Resource Development Committee, NABA, Inc.; Kim Griffin-Hunter, CPA, Immediate Past President, NABA, Inc.; Staples Rep.?; Darryl R. Matthews, Sr., Executive Director & COO, NABA, Inc.; Khaleel Garcia, MBNA America; Erby L. Foster, Jr., CPA, Past National President, NABA, Inc.; & Barry C. Winters, Executive Vice President, NABA, Inc. during the Corporate Appreciation Program
The Scholarship Luncheon, which is held each year in recognition of the NABA Scholarship recipients, Distinguished Collegians and Student(s) of the Year, was the most populated luncheon of the convention. The Marriott Renaissance Center’s largest ballroom was filled with students and professional members gathered in support of the high-achieving scholars being celebrated on that Friday afternoon.
Polynesian Dance Troop of Detroit, Michigan entertain the crowd before the doors open for the Corporate Appreciation Program Luau
The ceremony transpired delightfully with the keynote speaker, Michelle Singletary, financial columnist for The Washington Post, proving to be a laudable choice as she included comedy, wit and a rational approach in her presentation on gaining and maintaining financial soundness. There was even one point when the men in the crowd were brought to their feet in acclamation as Singletary declared the economic futility of women’s insistence on receiving $60 roses on Valentine’s Day when they are halfprice the day before. “I think when it comes to students there are a couple of mantras that I use for myself that I think will apply to them. The first is always ask yourself is it a need or is it a want? Every single time you purchase something, ask yourself is it a need or a want? And secondly, sweat the small stuff because those little expenses will add up to great big expenses and you will find that you will be spending little money and big money will be going out the door.” – Michelle Singletary. columnist for The Washington Post The presentation of scholarships made for a joyous occasion as 40 National Scholarship recipients, 10 Distinguished Collegians and three Students of the year were acknowledged for their outstanding contributions to their respective NABA communities and commendable academic merit. The 2005 Students of the Year were Marquita Barnes of Howard University, Deana Davis of Bowie State University and Ramiro Paz of The University of Wisconsin – Whitewater. As the three students were asked to give a few words, it became very evident through their poise and eloquence why they were selected as the 2005 Students of the Year.
Michelle Singletary, Financial Columnist, Washington Post gives the keynote address during the Scholarship Luncheon
Michelle Singletary, Financial Columnist, Washington Post gives the keynote address during the Scholarship Luncheon
The Lifetime Membership Reception The Lifetime Membership Reception was another highlight of the convention. Lifetime members who have made the ultimate expression of commitment to NABA were recognized and honored at the fabulous Charles Wright Museum of African American History. At this venue, honorees reflected on our rich culture and history and contemplated the contributions that NABA has made to developing and enhancing African Americans accounting and finance professionals. Thank you to our
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Leslie Murphy, CPA, Vice Chairman American Institute of Certified Public Accountants (AICPA) and Managing Partner, Plante & Moran, PLLC gives the keynote address during the Membership Business Luncheon.
NABA Lifetime Members are honored during the Membership Business Luncheon. (seated l-r) Veda Stanley-Mitchell; Floran Thomas, CPA; Nicole Felix; Ann-Marie Hammond, CPA; Lisa Howze, CPA ?????. (standing l-r) ?????
sponsor, Willie Carrington of Carrington & Carrington, Ltd., who championed the re-instatement of the Lifetime Membership Reception. Carrington stated,“It is important that we host an event at the convention to recognize those members who have demonstrated the utmost commitment to our organization.”
“We look forward to the tradition of the Lifetime Membership reception at future conventions in years to come and we look forward to seeing you in South Florida as a NABA Lifetime Member.” – Gwendolyn Skillern, NABA National Director and Lifetime Membership and National Awards Chair.
Community Service Outreach Program (CSOP) The Third Annual Community Service Outreach Program (CSOP), which was again sponsored by KPMG, was the product of a partnership between NABA and the Detroit Youth Foundation. On Saturday, June 18, a team of NABA students and professional representatives led helpful seminars and informational sessions aimed at preparing and assisting both parents and youth in the complex transition between high school and college.
Norman Jenkins, CPA, National President & CEO, NABA, Inc. presents Nicole Felix with a gift for her service on the NABA National Board of Directors.
Norman Jenkins, CPA, National President & CEO, NABA, Inc. presents Floran Thomas, CPA with a gift for her service on the NABA National Board of Directors.
Annual Awards Celebration Banquet NABA is proud to recognize this year's Annual Awards Celebration Banquet Corporate Sponsors: Division of Firms (DOF), Office Depot, KPMG and Wal Mart. The Awards Celebration Banquet honored outstanding professional members who have dedicated their time, talents and utmost energy to carryout NABA's goals and objectives.
Norman Jenkins, CPA, National President & CEO, NABA, Inc. presents Pamela Borders with a gift for her service on the NABA National Board of Directors.
The 2004 National Award Recipients included: Mr.Derric A. Gregory, Sr., CPA, Ms.Dorothy A. Brown, CPA, Ms.April Royster, CPA, Ms.Deborah A. Cowan, CPA, Ms.Angela L.Avant, CPA, Wal-Mart Stores, Inc., Mr. Jimmy McMillian, Jr., CPA, Mr. Ronald E.Hall, Ms. Kecia Williams Smith, Mr. Ralph Grant, CPA, Mr. Ralph Bazillio, CPA, Mr. Ronald Walker, CPA, Ms. Freida Winkfield, Mr. Calvin Harris, Jr., CPA, Mr. Lamar J. LewisSutton, CPA, CFE, Ms. Brenda A. Robinson, and Mr. Ramiro Paz. The Outstanding Member Award went to Derric A. Gregory, Sr. CPA, a well deserving, dedicated and hardworking NABA member and Chair of the Executive Leadership Development Institute (ELDI). He humbly accepted the award and credited NABA for where he is today, vice president of corporate audit services for Blue Cross Blue Shield of North Carolina. He also thanked his wife and family as well as and executives with his employer, who was also in attendance. Presidential Awardees were presented by NABA’s President Norman Jenkins and included: Wayne Lee, CPA, Daniel H.Moore, CPA, Floran Thomas, CPA, and Barry C.Winters.
Shaun Davis, CPA & Tanya Davis, CPA, 2006 Co-Chairs, Greater Miami/South Florida Convention Host Committee during the Annual Awards Celebration Banquet in Detroit, Michigan.
Norman Jenkins, CPA, National President & CEO, NABA, Inc. presents Kenneth Cooke, CPA with a gift for his service on the NABA National Board of Directors.
The Honorable Kwame Kilpatrick, Mayor City of Detroit, brings greetings on behalf of the City of Detroit during the Annual Awards Celebration Banquet in Detroit, Michigan.
The keynote address was delivered by Gwendolyn Sykes, chief financial officer of NASA, who gave a great speech on????. Sykes cited,“This conference is absolutely fantastic. This is actually my first year being able to attend one the conferences and look forward to the Miami conference next year.” In summation, NABA’s 2005 National Convention embodied the very essence of its theme, Achieving Excellence Gwen Sykes, Chief Financial Officer, through Leadership by mingling youth and experience, allowing those newly embarking upon their corporate NASA, gives the keynote address during undergoing to be influenced and led by seasoned professionals and veterans in the game the Annual Awards Celebration Banquet in Detroit, Michigan. that is Corporate America. Those who attended can certainly attest to the tremendous enrichment of their personal and professional lives and those not in attendance can find equal benefits by attending the 2006 National Convention in Greater Miami/South Florida. It’s bound to only get better!
“The convention was excellent. Everything was great, well executed. I truly enjoyed it. Detroit and the convention were fabulous, but next year in 2006, Hollywood days and Miami nights! You are not going to want to miss that one for sure.” – Daniel Morris, Sr., Greater Miami/South Florida Chapter
MARK YOUR CALENDARS NOW!
Norman Jenkins, CPA, National President & CEO, NABA, Inc. gives his closing remarks during the Annual Awards Celebration Banquet in Detroit, Michigan
NABA attendees group rate is available until May 15, 2006 or until the NABA room block is filled, which ever comes first, so register early to take advantage of discounted rates on hotel rooms. You don’t want to miss this exciting convention!
Walter Smith, CPA, National Director, NABA, Inc. presents the Outstanding Member of the Year Award to Derric A. Gregory, Sr., CPA during the Annual Awards Celebration Banquet in Detroit, Michigan
Norman Jenkins, CPA, National President & CEO, NABA, Inc. congratulates the 2005 National Awardees. (back row l-r) Kecia Williams Smith; Ronald Hall; Derric A. Gregory, Sr., CPA; Deborah A. Cowan, CPA; Ralph Bazillio, CPA; Ralph Grant, CPA. (front row l-r) April Royster, CPA; Daniel Moore, CPA; Angela Avant, CPA; Ronald Walker, CPA; Wayne Lee, CPA and Barry Winters
35th Annual National Convention & Diversity Recruitment EXPO Hollywood, Florida from June 13 - 17, 2006 The Westin Diplomat Resort & Spa For more information visit www.nabainc.org
Thank You Detroit banquet481 Presidential Awardees banquet478
You do not want to miss this event!
DOF and ABASA banquet484
There is no better investment in your professional development than attending a NABA Annual Convention and getting the benefits of its many programs. 13
Call for Nominations
National Awards hey are professionals who endeavor for excellence. They are
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NABA members who demonstrate charisma, leadership, commitment and dedication to duty. They are leaders in their organizations, industries, and profession who stand above the
rest due to their character, strategic thinking, accomplishments and value to their organizations. Join us in honoring these individuals by submitting your nomination for NABA’s Annual National Awards.
Gwendolyn D. Skillern, CPA National Director National Awards & Lifetime Membership
Nominees will be accepted in the following categories: National Outstanding Member
Important Dates:
National Achievement • Education
December 15, 2005
• Government • Industry
Call for Nominations mailed to members. Available online at NABAINC.ORG
• Public Accounting
January 31, 2006
Corporate Diversity
Final Acceptance of Nominations
Rising Star
June 2006
Walking the Road Less Traveled CEO of the Year
Presentation of Awards National Convention Hollywood, FL
Division of Firms Member of the Year
Please note that you must be a member in good standing to make a nomination. The nomination requires the submission of a nomination form, a résumé and a letter of recommendation. Nominations will be
Honorees Will Enjoy:
accepted beginning December 15, 2005 and close on January 31, 2006. Let us recognize the outstanding accomplishments of our NABA
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VIP Reception and seating at the National Convention Awards Banquet
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A stunning engraved crystal award presented at the National Convention Awards Banquet
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Recognition in NABA National Publications
members, colleagues and friends.
Recognize outstanding achievement! Nominate a NABA member! Nominate a colleague!
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South Florida
T
Preview
he NABA Greater Miami-South Florida Chapter will be your host in 2006 for NABA’s 35th Annual National
Convention and Diversity Recruitment Expo at the Westin Diplomat Resort & Spa in Hollywood, Florida. We previewed what the area has to offer at the promotional event held during the Detroit convention this summer. In case you missed it, the event showcased the diverse cultures of South Florida, including the sounds and feel of Jamaica, the Bahamas and Cuba. We culminated the evening by blending all three cultures with hip-hop to produce a vibe found only in South Florida. Those in attendance also had the pleasure of tasting a selection of Caribbean foods. It was a great evening and next year’s convention is guaranteed to be hot!
If you decide to leave the decadence of the resort, the excitement and amenities are even more enticing. Greater Fort Lauderdale comes alive when the sun sets, featuring outdoor cafes with music, jazz clubs, entertainment spots, comedy clubs and more. Miami’s South Beach has been called the “American Riviera” and an art deco playground. Yet there’s more than fine white sand to South Beach’s fantasyland of exuberant architecture. South Beach offers an eclectic mix of world-class boutiques, galleries, stores and gourmet culinary delights for all taste buds. Speaking of food, Miami has over 3,500 restaurants ranging from intimate cafes to al fresco waterfront dining, ethnic eateries and world-renowned steakhouses. At night, South Beach comes alive with crowds dressed in party-casual chic headed toward some of the most popular nightspots in the nation.
Inside South Florida Multicultural Experiences
South Florida Convention co-chairs are [INSERT NAMES/pix]
South Florida is one of the most exciting and diverse places to visit because of the variety of cultures and ethnic backgrounds. NABA has been a part of this dynamic community since the South Florida Chapter was established in 1975. The South Florida Chapter covers the tri-county area consisting of Dade, Broward and West Palm Beach. This structure allows for growth within our chapter and the community we serve.
Celebrate the spirit of diversity in a friendly beach resort setting. Experience the flavors of Greater Fort Lauderdale.Visit the new African American Research Library and Cultural Center. Discover the heritage of the Seminole Indians. Enjoy Caribbean-style and Latin fusion cuisine and some of the south’s best soul food and BBQ.
The Westin Diplomat Resort & Spa There is so much to do in South Florida that it should be illegal to declare boredom. From east to west the beach to the Everglades, with miles of activities in between, the options are almost endless. For starters, we have selected a fantastic location for the 35th Annual Convention. The Westin Diplomat Resort & Spa is a five star, 998-room resort, rising 39 stories above the Atlantic Ocean. The hotel features a fullservice spa, an 18-hole golf course, a 10-clay court Tennis Center, an outdoor bridged pool with infinity edge, waterfalls flowing into a 240-ft. lagoon pool below, while pool side servers cater to your every whim. The Westin Executive Club features upgraded amenities and access to the spectacular views from the 10,000-sq. ft. lounge offering complimentary continental breakfast, evening cocktail service and complimentary hors d’oeuvres.
South Florida
South Florida in June is hot and NABA is going to make it even hotter. We hope to see you all at next year’s 35th Annual National Convention and Diversity Recruitment EXPO in sunny Florida.
Preview 15
National Association of Black Accountants, Inc.
Division of Firms (DOF) MEMBERSHIP LIST Marvin Allmond, CPA
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he Division of Firms (DOF) was established
in 1986 as part of the national
organizational structure of the National Association of Black Accountants, Inc. The DOF, while principally operating as a self-sufficient body, reports to the NABA Board of Directors.
The objective of DOF is to elevate and maintain among its members: A high standard of proficiency and integrity through the enforcement of the AICPA’s code of ethics and professional development; promotion
Allmond & Company
Harvey Hoskins Hoskins & Company
Jeffrey Richardson Jeffrey Richardson, CPA
Alfred L. Ball A.L. Ball & Associates, LLC
John L. Howard J.L. Howard, CPAs, PC
Jacqueline Robbins Gardner & Robbins, CPA, LLC
Lloyd Anderson, CPA Anderson & Associates
Jon. W. James J.W. James & Associates
Sean L Robertson Law Office of Sean Robertson
Everett Bassie R.E. Bassie
Clarence L. James, Jr. C.L. “Butch” James, CPA
Deatrice Russell – Tyner Russell – Tyner & Company
Ralph B. Bazilio Thompson, Cobb, Bazilio & Associates, PC
Andrea M. Jameson Andrea M. Jameson, CPA
Charles L. Scott CLS Accounting Services
Dan Jefferson Dan Jefferson & Co., PC
Patricia A. Smalls Personalized Accounting Total Services, Inc.
Michael B. Johnson Michael B. Johnson & Co., PC
George Stewart George Stewart, PA
Joni Johnson-Powe J.P. Powe & Associates
William Taylor Taylor, CPA, LLC
Ralph C. Johnson Ralph C. Johnson & Company
Gregory Terry Gregory Terrell & Company
Raymond P. Jones Watson, Rice & Company, LLP
E. Lois Thomas Thomas & Reed, LLC
Anthony Kendall Mitchell & Titus, LLP
Floran Thomas Thomas & Carr, LLC
Anthony G. King King, King & Associates, P.A.
John F. Thompson J. Thompson & Associates, LLC
Dorothy Kushnir Kushnir Enterprises, Inc.
Ronald Walker Walker & Company
David A. Lopez David A. Lopez & Co.
Tim Watson Benford Brown & Associates
Cynthia Malach–White Anita T. Conner & Associates, P.C.
Michele West W & W Consulting Group
Belem Boureima Belem & Company, LLC Benford Brown Benford Brown & Associates Charles Brown, CPA Charles B. Brown & Company, PC, CPA James D. Brown James D. Brown, CPA Chuck Burch The Burch Financial Group Derrick Butler Creative Financial Group
of economic growth among minority firms by
William L. Byrd, CPA William Levan Byrd, CPA, PC
providing a forum for advocacy, teamwork, and
Sherri Carter Sherri Carter, CPA
honest exchange of information; and cultivation
Ruby Cato Curanice Consulting
of a spirit of professional cooperation among its
William B. Coleman Coleman & Williams, LTD
members.
Jeffrey Collins Jones & Collins, LLC
Lester McKeveer, Jr. Washington, Pittman & McKeever, LLC
Anne White Anne R. White, CPA
The mission of DOF is to address the
Anita T. Conner Anita T. Conner & Associates, PC
Jimmy McMillian The McMillian Group
Henry T. Wilfong Louie & Wilfong, LLP
professional needs of its member firms and to
Sabrina D. Covington
Donna McPherson Donna McPherson, CPA
H. O’Neil Williams Frye, Willliams & Company
foster the economic development of these firms
Tanya Crosburne Tanya Crosburne, CPA
Dennis N. Middleton Dennis N. Middleton, CPA
Tom W. Williams, Jr. Williams, Adley & Company
Beverly Mosquitta M & W Consultants, Inc.
George S. Willie Bert Smith & Company
H. “MO” Morris Morris, Davis & Chan, LLP
Dianna Woods Global Tax Consulting
Frank A. Planes Frank A. Planes, CPA
John R. Wright Wright Richards & Company
Faheem Ra’Oof Faheem J. Ra’Oof & Co., LLC
Ida E. Yarbrough Ida E. Yarbrough, P.A.
in the business community at both the local and national levels. www.nabadof.org National Association of Black Accountants, Inc. 7249-A Hanover Parkway Greenbelt, MD 20770 301.474.NABA office 301.474.3114 fax www nabainc.org
“Achieving Excellence Through Leadership”
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Sabrina D. Covington, CPA
Francisco Depusoir Francisco Depusor, CPA Genevia Gee Fulbright Fulbright & Fulbright, CPA, P.A. Ralph Grant Grant & Smith, LLP James Graves JAG Acct. and Business Mgmt., Inc. Bennie Hadnott Watson, Rice & Company, LLP Brenda Hammond Positive Results Management Alphonse G. Hill A.G. Hill & Associats, PC
Cynthia Reed S-E-C-R-E-T-S Financial Group, LLC Donald Reid Donald Reid
DOF
Corner
DIVISION OF FIRMS D NABA’s
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The Ralph J. Grant Institute PRESENTS
2nd ANNUAL PROFESSIONAL DEVELOPMENT CONFERENCES NOVEMBER 21 - 23, 2005 Event Schedule: Monday, November 21, 2005 (Audit & Accounting Day) Tuesday, November 22, 2005 (Tax Day) Wednesday, November 23, 2005 (Practice Development & Financial Services Day)
CONFERENCE LOCATIONS: New York
Detroit
Washington DC
San Francisco Bay Area
Chicago
Atlanta
To download conference and NABA-DOF registration forms visit www.nabadof.org or Contact Monica H. Ashery at (414) 278-0170, e-mail mha@candwmilw.com “Achieving Excellence Through Leadership”
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Non Profit Boards: Big Business, Significant Influence By Genevia Gee Fulbright, CPA According to the IRS there are over 200,000 non profits filing returns annually. In addition non profits have become a source corporate America uses to help develop leadership skills for promising staff members, boost public image in the community, network/gain market share and improve employee moral. What better way to provide a common cause for the entire worker team to rally behind. Whether it’s the Special Olympics, United Negro College Fund, United Way, NABA or a local charity, many executives and line staff members are being encouraged to give back through non profit service. Many deals being negotiated in the executive suites have come together through affiliations with non profit boards.
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Identify the relationships among the directors (i.e. who recruited Johnny or Mary to the board, where do they work, what other companies or non profit boards are they affiliated) Understand the market/climate (i.e. is the organization under scrutiny, are there qualified key staff members on board and are they happy, is there an active board providing direction) If you don’t know anyone currently affiliated with the organization, volunteer on strategic committees or affiliated groups to interact with the leaders of the organization If necessary reinvent yourself developing new skills, network groups and affiliations that would support your nomination to the board
So how do you attract the attention of a high profile board? Listed below are tips gathers from several NABA associates and friends including Ron Hall, NABA’s most recent CEO of the year awardee, Gwen Skillern, Chair Lifetime/Awards Committee, Walter Smith, National Director: -
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Identify at least 3 non profits that have missions that agree with your hobby, passion and/or strategic stretch goals Visit the websites, tax return filings, annual reports, recent articles and marketing materials Identify who is on the board, review their bios (compare to your own) Identify what you bring to the table as well as how your skills, contacts and resources will benefit the organization Identify how you will benefit personally from being affiliated with the organization Identify what is expected of the directors and what key performance measures will be used Network to find out more about the structure and operations of the organization before you get your contact to introduce you to key directors and/or internal staff members. Remember, you can use your local and national contacts to obtain an introduction. Interview some of the existing directors you know to understand their experiences concentrating on key challenges, accomplishments, goals Understand the time commitment and donation levels required, if applicable
Now that you have performed the necessary “homework” and met with the appropriate leaders within the organization we hope you’ll receive that exciting invite to the Board of Directors for an Influential non profit board that will help you boost your career and perform critically needed services for the community. For those interested in serving on NABA’s Board of Directors, contact Johnetta Hardy at (301) 474-6222 to find out more information. Genevia Gee Fulbright, CPA, a Lifetime member of NABA, currently serves as a National Small Business Advisor and member of the National Lifetime and Awards Committee. She has previously served in the RTP and SF Bay Area NABA Chapters as VP/Newsletter Editor/Fundraising Chair. Other non profit service includes a current post as a Director for the Small Business & Technology Development Center. Various other past volunteer posts includes AICPA committees MIC and Taxation Simulations (CPA examination development), National Association of Corporate Directors Research Triangle Chapter as Advisory Board Member, Raleigh Catholic Diocese as Finance Council member, Lakewood YMCA on the board of managers and North Carolina Association of CPAs as MIC Chair. Fulbright currently serves on a publicly traded Board.
Meet the FY2006 NABA National Board of Directors Norman K. Jenkins, CPA National President and CEO Board Tenure: 4 years
Veda Stanley-Mitchell Eastern Region President Board Tenure: 1 year
Donald Christian National Director Board Tenure: 8 months
Darryl R. Matthews, Sr. Executive Director and COO Board Tenure: 7 years
Angela Murphy Southern Region President Board Tenure: 2 years
Shariah Dixon-Turner, CFSA National Director Board Tenure: 8 years
Barry C. Winters Executive Vice President Board Tenure: 9 years
Shannon Tisdale Western Region President Board Tenure: New
Felicia Farrar National Director Board Tenure: 3 years
Angela Dunlap, CPA National Treasurer Board Tenure: 6 years
Robert Dunlap, CPA Parliamentarian Board Tenure: 6 years
Wayne Lee, CPA National Director Board Tenure: 7 years
Yolanda E. McBride National Secretary Board Tenure: 3 years
Mary Davis Central Region Representative Board Tenure: New
Zain McKinney, CPA National Director Board Tenure: 1 year
Kim Griffin-Hunter, CPA Immediate Past President Board Tenure: 9 years
Manuel Torres Eastern Region Representative Board Tenure: New
Gwendolyn Skillern, CPA National Director Board Tenure: 2 years
William B. Coleman, CPA Chairman of Division of Firms Board Tenure: 5 years
Starr Purdue, CPA, CIA Southern Region Representative Board Tenure: 14 years
Walter Smith, CPA National Director Board Tenure: New
Angel Ingram, CPA Central Region President Board Tenure: 2 years
Sherri N. Blount, Esq. National Director Board Tenure: 1 year
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Call for Nominations
National Board of Directors Election Notification for FY’07 Positions On November 16, 2005, the call for nominations will be sent to the membership requesting that those interested in running for a board of directors or regional officers position should submit their nominations with a postmark of no later than December 31, 2005. This is per our National Policies and Procedures for elections of national and regional offices. The following are the positions that are open for FY’07: ∑ National President ∑ Executive Vice President ∑ National Treasurer ∑ National Secretary ∑ National Director (4 Directors Positions) ∑ Central Region President ∑ Central Region Vice-President ∑ Central Region Treasurer ∑ Central Region Secretary ∑ Eastern Region President ∑ Eastern Region Vice-President ∑ Eastern Region Treasurer ∑ Eastern Region Secretary ∑ Western Region Representative ∑ Southern Region Representative
In order to run for any of the above positions, you must be financial as of October 31, 2005. For more information on positions and qualifications go to www.nabainc.org.
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NEWS
You Can Use!
IRS UPDATES: News from the IRS Digital Dispatch New Form 4868 Planned to Provide a 6-Month Extension Period A draft of the revised IRS Form 4868 is now available via IRS.gov. This revision will provide taxpayers with a 6-month extension without the need to file an intervening form. For Tax Year 2004, a taxpayer filing a Form 4868 had until Aug. 15 to file the return. The taxpayer needed to file Form 2688 to get an additional 2 months and had to supply a reason for needing the additional time. Provided the necessary regulations are approved taxpayers will be able to use the revised form for Tax Year 2005. It is estimated that this change may save 9 million hours. IRS to End TeleFile Option The IRS has elected to end its TeleFile program after August 16. TeleFile allowed taxpayers to file Forms 1040EZ, 4868 and 941 by telephone. Form 941 returns for the second quarter 2005 and 1040EZ returns from those who received an automatic extension will be among the last to be processed. Declining use for most forms, coupled with increasing costs to maintain the system, led to the decision. In its place, IRS is offering a number of electronic filing alternatives. Find out more IRS updates at www.irs.gov. PCAOB Forum on Auditing in the Small Business Environment The Forum on Auditing in the Small Business Environment is a program for registered accounting firms and public companies in the small business community to learn more about the work of the Board, specifically the PCAOB inspections process and the impact of new auditing standards. Auditors from registered accounting firms with fewer than 20 issuer clients and the members of audit committees of smaller public companies are encouraged to register. The program is limited to those groups in the small business environment that are most directly impacted by the Board’s oversight responsibilities. The goal of such a format is to ensure that there is ample opportunity for discussion of PCAOB issues facing small business communities between representatives of this sector and Board members and its staff. The Board plans to hold a forum in Boston from October 20 - 21, 2005. Questions regarding this forum, registration and location may be directed to Julie Mills at (202) 207-9061 or by visiting the news and events section of www.pcaob.org. CPA PROFESSIONAL DEVELOPMENT NEWS CCH Offers Quick Route to CPE Credit Now professionals can receive instant CPE credit from CCH Tax and Accounting (CCH) by completing print self-study course exams online. The CCH Testing Center web site (ww.cchtestingcenter.com) provides quick and easy online access to the final exams for CCH print CPE courses and can help professionals “beat the clock” for last-minute CPE requirements. A PDF file of each print-based CCH course is now avail-
able via the Testing Center, allowing users to print and review courses offline if they do not have a print course readily available. The Testing Center can be used to review free available print course materials and then complete and submit the final exam online any time, any day. Users receive their results and CPE credits instantly. Plus, users can immediately print out their certificate of CPE credits earned. Users pay the same grading fee (ranging from $21-$79) as they would pay if they faxed or mailed their course final exam in to CCH for grading. To use the CCH Testing Center, users simply register and create a username and password, at no cost. Then, they may log in anytime to access the final exams from the course catalog. Users can print out hard copies of the courses for free and review the course whenever and wherever they want. After studying the print course – users simply take the final exam online for the CPE credit at a nominal fee. For more information visit: www.cchtestingcenter.com. CAREER WATCH
inspection professionals are based in eight cities: Washington, D.C., New York, Atlanta, Chicago, Dallas, Denver, Orange County, CA and San Francisco. To learn more about PCAOB Careers, visit the http://www.pcaob.org/Careers/index.aspx NABA Members in the News National Board of Directors member, Felicia Farrar, was recently quoted in Compliance Week magazine. The article titled,“Federal Agencies Face New Internal Control Standards” was about Circular A-123, the federal government’s version of the Sarbanes-Oxley Act of 2002 designed to manage its own operations. Felicia provided her perspective based on her experience as an auditor for the City of Houston and said,“Sarbanes (Oxley Act of 2002) wasn’t going anywhere, and eventually it would find a way to trickle down to us. This is going to be the same challenge that it’s been with public companies and Section 404.” Accounting and Finance Event Calendar: Free Events
Did you know that the SEC selects professionals in accounting as fellows for two-year terms serving under the Office of the Chief Accountant? Review this description from the SEC.gov Website:
Compliance Week’s “Compliance Dialogues”: These are a series of free monthly Webcasts that provide an opportunity to hear how leading public companies structure and address the compliance function. The sessions often explore the guests’ responsibilities, SOX 404 status, technology acquisition strategy, whistleblower and ethics-training programs, and more.
Office of the Chief Accountant Professional Accounting Fellow Program
October 27, 2005 – Michelle Banks, VP Corp. Compliance & Governance, Gap Inc.
The program is designed to appoint outstanding professional accountants to the staff of the Office of the Chief Accountant of the U.S. Securities and Exchange Commission for a term of approximately two years. There currently are six Professional Accounting Fellows (PAFs) in the Office of the Chief Accountant.
November 17, 2005 – Charles M. Brock, Vice President and Chief Ethics and Compliance Officer, Abbott Laboratories
The Security Exchange Commission’s Professional Accounting Fellows
The PAFs will be assigned to work under the direct supervision and guidance of the Chief Accountant to the Commission. Specific work assignments will be developed jointly by the chief accountant, deputy chief accountants and the PAFs and will depend upon the needs of the Commission at the time and the interest and personal qualifications of the PAFs. Typically, the assignments will require the PAFs to develop innovative ideas and problem-solving concepts within the framework of SEC accounting policies and generally accepted accounting principles. The PAFs' responsibilities will include the study of significant accounting and auditing issues or concepts, participation in rulemaking initiatives and evaluation of current reporting by registrants. Currently, the SEC has selected six fellows, but these opportunities are recruited in advance. Stay on top of the application process by visiting www.sec.gov. PCAOB Career Opportunities for Accountants and Others The PCAOB is aggressively seeking accountants with public company auditing experience to perform on-site inspections of registered accounting firms. PCAOB
Visit events.complianceweek.com for times and subject matter details. Paid Events CFO.com Webcasts: SEC Quarterly Update, 3rd Quarter 2005 September 21, 2005 at 1:00 PM ET Location and Registration: www.cfo.com CPE Credits: 2
Cost: $79
Description: Top SEC experts give you an up-to-theminute interactive discussion on current and rapidly changing SEC regulatory issues, plus accounting and reporting issues and Division of Corporate Finance. CCH Tax and Accounting User Conference 2005 November 6-9, 2005 The inaugural User Conference will be held at the Westin Kierland Resort and Spa in Scottsdale, Arizona and will bring together industry authorities with tax and accounting professionals from firms of all sizes to discover innovative ways to further strengthen and expand their businesses. For event details, pricing and registration visit: www.cchuserconference.com.
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LIFETIME MEMBER
Corner
A Competitive Advantage:
Lifetime Membership By Genevia Gee Fulbright, CPA
“Wow! Impressive! Moving!” These were some of the comments expressed at the private reception sponsored by lifetime member Willie E. Carrington of Carrington & Carrington, LTD, a diversity executive search firm. This reception was a hit. It was held at the Charles Wright Museum of African American History during the NABA’s 34th Annual National Convention this summer in Detroit. In fact, after visiting the museum some of the members were so moved that they decided to return the next day to have a longer visit of this impressive facility. Seven past presidents attended this festive event: Vernon Evans, Kim Griffin-Hunter, Butch James, Ramona Henderson Pearson, Larry Mathews, Frank Ross and Ralph Thomas. When asked why Willie Carrington decided to host such a historic event for the lifetime members he stated,“We want to help revitalize this benefit of an annual private reception for those who invest in the future of NABA, by committing to lifetime membership.” Carrington's firm has been in existence over 25 years and many within NABA can directly attribute at least one of their career changing placements to this firm. In fact, NABA currently benefits from the successful placement of its Executive Director & COO, Darryl Matthews. Since most lifetime members pay dues out of personal funds, it is this additional sacrifice and commitment that is most appreciated by the Association. Take Nicole Felix, one of the youngest lifetime members on the accounting scene to gain a competitive advantage by utilizing her lifetime membership affiliation. Nicole is investing in NABA's future now and plans to network with other young lifetime members such as Deidra Barksdale as well as those more “age blessed” such as Derric Gregory, recent Outstanding Member Award recipient and chair of ELDI.
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Stay tuned for the upcoming benefits being developed for those who are investing in the future of NABA by committing to lifetime membership. A few NEW benefits include: – Planned annual private reception at all national conventions – Interviews for lifetime members for possible inclusion in national articles – Sample press releases for use in your local and regional publications – Added points for possible award recognitions
The following 17 NABA members joined the lifetime member ranks during the convention this summer: Tyrone Browne, CPA; William L. Byrd, CPA, CMA; Charmain Eubanks-Thomas; Nicole A. Felix; Genevia Gee Fulbright, CPA; Dee-Ah C. Gordon; Austin B. Groom, Jr. CPA; Ann-Marie Hammond, CPA; Jeffery L. Hill, CPA, CGFM; Lisa Howze, CPA; Yves Mutombo; Troy Robinson; Carolyn Scott; Veda S. Stanley-Mitchell; Floran Thomas, CPA, CIA; Ronald P. Walker, CPA and Lydia M. Washington, CPA
Are you ready to obtain a competitive advantage?
Become a lifetime member today!
For more information, contact NABA at (301) 474-6222 or visit the website at: www.nabainc.org.
@
American Express’ Ken Chenault Talks about Leadership & Integrity
@ Knowledge Wharton (Excerpted from an article provided by Knowledge@Wharton)
Knowledge Wharton
According to Kenneth I. Chenault, chairman and CEO of American Express, adaptability is one of the keys to company success in the rapidly changing terrain of the global marketplace. Applying Darwinian theory to the business domain, he told a Wharton audience on March 17, 2005 “it's not the strongest or the most intelligent who survive, but those most adaptive to change. Over the past 10 years, the need for, and focus on, adaptability has accelerated.” Chenault himself is busy carrying on AmEx's 154-year tradition of continually reinventing itself.“With the politically tough environment of world affairs, we are in a more chaotic time than perhaps ever before. It's critical for a global company to balance its resources and to have people who understand different cultures” and can act quickly in changing circumstances, he said. Chenault cited a recent survey that asks CEOs what marketplace issues will have the biggest impact on their businesses.“The leaders are more concerned with the external issues of world affairs than they are with the economic environment,” he noted.“That's a major change from even three years ago.” A second key element of survival is leadership.“Many companies are struggling, and American Express is by no means perfect,” said Chenault.“Any company, no matter how strong, is going to experience some difficulty. The question is, how do you develop leaders to manage in these times, how do you retain them and how do you excite them? That will be a continuing challenge for American Express and others.” Chenault believes that it's a lot easier to be a good leader in good times than in bad, but a reputation for leadership over the long term is established during times of change.“Today, the stakes are incredibly high. The need for leaders to stand for something and act from principle is more important than ever. Things that were acceptable five or ten years ago will today cost you your career.You can make a few mistakes, not a lot ... a few. But if your people believe that you have the right values, they will tolerate a few mistakes. In fact, they will stay with you. They want to see that you are decisive and compassionate, because you are asking people to take risks, to take chances. But don't confuse compassion with a reluctance to act decisively when necessary.
“There has always been a focus on the rational aspects of leadership and the intelligence required of leadership,” he said.“I think it's absolutely essential. But what I have seen in companies throughout my career is that if you are not clear on who you are, on what it is you stand for, and if you don't have strong values, you are going to run your career off a cliff.” Mentors, High and Low Chenault openly professes his own missteps in leadership.“The mistakes I have made in my career have generally been around speed, in not moving fast enough. I have seen leaders get very strong results in the beginning and then be seduced by those results and not understand the corrosive effect they can have. What I have found in myself is that I should have moved faster on some of the difficult decisions I have had to make.” Mentoring is a topic about which Chenault is passionate.“Most people seek mentors at a very senior level,” he noted.“My experience is that the best mentors are not always high up. One of the things I have been able to do is form some mentor relationships with people who were relatively low in the company structure but whom I admired for how they operated and what they stood for. They gave me incredible advice and said to me, 'Here are the senior people who are phony; stay away from them.' “I have also had mentors at a high level, like Lou Gerstner. The issue is not forming a strong personal relationship. That's fine if it comes, but the way to form a mentor relationship is to network off your performance.You don't want to be beholden to the mentor and have him control your life -- because if something happens to him, you have problems. Choose mentors whom you admire and want to emulate. Look up and down in an organization for a mentor. Examine who seems to know what they're doing, who shows good judgment. Power is nice and it's useful, but in a mentor relationship, judgment is more important than power.” Chenault sees six character traits as the foundation for becoming a skilled leader. The first attribute is integrity, and he believes it is this core principle upon which true leadership is built.“Many people construe 'integrity' to mean being honest,” said Chenault.“That's a piece of it, but it's really about being consistent in words and actions. When you are trying to lead others,
they look for consistency. I want people to have a will to win, but I want them to win with integrity.” The second trait is courage. Chenault invites confrontation and debate.“To me, it's not personal. I want you to argue with me. It requires courage to offer a different perspective and challenge current or popular views. It requires courage to speak out, especially when one doesn't personally benefit from it. To build 'followship,' one has to be courageous and orient always from the core value of integrity.” As an example of courage, or the lack thereof, Chenault cited Conspiracy of Fools: A True Story, which he read on a return flight from Thailand 28 hours before speaking at Wharton.“Conspiracy of Fools, which was about Enron, revealed that Enron had terrific values, but they weren't values in action during a crisis. People saw things happening but didn't have the courage to speak out and say, 'I will not compromise my integrity.' Does a company, do people, have values that they [adhere to] in good times as well as times of crisis?” The third characteristic is being a team player. “Everybody wants to be a team player,” said Chenault, “but there can be nice people who are bad team players -- people who don't engage in confrontation when that's what is really needed, people who don't give feedback. I look at whether the person helps the team improve.” The fourth strength is execution skills.“Today, people are focused on IQ, but executional quotient, EQ, is just as important. If a person has a match of IQ and EQ, he or she has an incredible personal commitment and can be an incredible force. Disparity between IQ and EQ means that person is just focused on himself.” The fifth attribute is development of people -- helping others succeed. “I judge the success of a leader by the success of the people who are the followship. I look at the results. Is this a person who facilitates the achievements of others and who has the capacity to get people to willingly follow? And finally, the sixth leadership trait is being proactive. A leader has to take action and make things happen.”
Republished with permission from Knowledge@Wharton (http://knowledge.wharton.upenn.edu), the online research and business analysis journal of the Wharton School of the University of Pennsylvania. The entire article can be read online.
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ADVOCACY
Corner
A revised Form 940 coming in 2006 and IRS to look at utilizing Private Collections Agencies to help collect Federal Tax debts. Floran Thomas, CIA, CPA During my attendance at a recent IRS Advisory Council meeting, the Office of Taxpayer Burden Reduction spoke to us about the new Form 940 for 2006. The IRS’s goal is one form for everyone – plain and simple. The following is a list of proposed changes for the Form 940:
They are also conducting focus groups and cognitive testing of the new form between May to September 2005. They are targeting November 1, 2005, as the date for finalizing the design and turning the form over to IRS programmers and Software Developers.
Private collection agencies will be held to the same standards for customer service and protection of taxpayers rights as IRS employees. PCAs will be trained on IRS security, safeguards and privacy polices and procedures, including consequences for violations.
– Combined Forms 940 and 940 EZ
Another topic of discussion during the meeting centered on the use of a Private Collection Agency being used by the IRS to help collect outstanding federal taxes.
The PCA initiative will benefit the IRS in the following ways:
– The form simplified and the information organized by creating 8 parts, with visual cues – Large X, placed where taxpayer should sign – Instruction on the form – to guide taxpayers through math calculations – New check boxes in the top right corner of the return – Deleted the A,B,C questions – Added new boxes for successor employers, final and amended returns – No more hand-written explanations of Exempt Payments required – A check boxes created to capture exempt payment information – New section for computing adjustments to FUTA tax – Part II, lines 1-6 replaced with new part 3 (lines 9 and 10) – New Schedule A for multi-state employers and employers in credit reduction states – The Form 940-V payment voucher removed from the form – The form will be optically scanned into IRS’s systems They are currently asking for feedback on the revised Form. Please send you comments to: Form940redesign@irs.gov.
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On 10/22/2004, Congress passed the American Jobs Creation Act (IRC 6306). Included in this act is Internal Revenue code section 6206 which was created to permit the IRS to use private sector collection agencies (PCAs) to collect federal tax debts. IRS is currently working on implementing the first phase of a ten-year project to help collect an estimated $1.4 billion in delinquent outstanding taxes. Under the 2005 Private Debt Collection Initiative, the IRS will look at assigning cases to private collection agencies (PCAs) that are currently less than 1 year delinquent, between $100 to $25,000 and have no statue issues. The PCAs will be assigned cases where the taxpayer does not dispute the liability. They will have the responsibility for contacting taxpayers to attempt to resolve delinquent tax issues, gathering pertinent information from taxpayers and providing it to the IRS to resolve cases outside of their authority. The PCAs will not be able to take enforced collections actions such as lien, levy and seizures. They cannot threaten or intimidate the taxpayers or work technical issues such as: bankruptcy, hardship issues, litigation, collection due process, etc. PCAs will not be able to resolve issues requiring discretion (i.e. abatements of tax, penalty & interest).
– PCAs will allow the IRS to focus enforcement activities on more complex cases – PCAs will handle cases at an earlier stage in the process before accounts become stale and harder to collect – May significantly help to reduce the growing tax liabilities outstanding Under the IRS, proposed structure the Private Debt Collection project will fund itself. The IRS anticipates the rollout this initiative in January 2006. The IRS is currently soliciting input from external stakeholders such as Practitioner’s Forums, Small Business Forums, etc. If you would like April to express your input at the next IRSAC meeting, please email your input to her at cr.president@nabacr.org.
PS. The Advocacy Committee is seeking your participation and input on upcoming issues affecting our profession. Please contact the National Office for more details on how you can make a difference!
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Improved Online
Career
Center (OCC)
NABA connects its members to corporate representatives seeking to fill business-related positions in accounting and auditing, consulting, finance, information technology, management, marketing, and much more. From internships to executive level, visitors can enjoy dynamic job search/job posting capabilities on the website at www.nabainc.org.
National Association of Black Accountants, Inc. (NABA)
Do you need a JOB? NABA provides you KEY to your future!
As a recruiter, find the most qualified NABA members seeking career opportunities. Gain access to more than 185 chapters nationwide. If you need recent college graduates or experienced professionals for your organization, the OCC provides instant, inexpensive exposure to the largest pool of African-American, and other ethnic minority groups. We offer flat rates for unlimited posting – ranging from six months to one year – that include the ability to search our resume database for NABA’s exceptional candidates. with the
• Students can find internship and entry-level positions with various organizations. • Professionals can find positions ranging from mid-level managers to senior executives. Post your resume TODAY— and begin your new career TOMORROW! For more information, visit
www.nabainc.org or, contact the Center for Advancement of Minority Accountants (CAMA) at the NABA National Office - (301) 474-NABA
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Recruiters include: ABC, Inc., Bank of America, Deloitte, Ernst & Young LLP, Johnson & Johnson, KPMG LLP, Lexmark International, L’Oreal USA, Microsoft Licensing, Inc., MTV Networks, Nike, Inc., Panasonic, PepsiCo, Inc., PricewaterhouseCoopers LLP, RadioOne, Inc., The Gillette Company, Warner Brothers Entertainment, Inc., and hundreds more…
“Maintaining an inclusive culture is integral to Ernst & Young’s success. Our competitive advantage is highly dependent upon our ability to leverage the differences of our people to create diversity of thought. NABA’s Online Career Center has proven to be a highly effective way for Ernst & Young to reach talented minority professionals who are interested in a career in professional services. Because of Ernst & Young’s longstanding relationship with NABA, they have earned our trust as a valued resource for attracting the best and the brightest minority professionals.” – Allen A. Boston, CPA, Partner, Director of Minority Recruiting, Ernst & Young LLP
REGIONAL STUDENT CHAPTER
Conferences NABA's Regional Student Conferences are its largest and most diverse annual student programs. Each fall, NABA hosts these conferences in five cities across the country to further our mission to provide an opportunity for student members to gain entry into corporate America. These annual conferences have allowed the Association to bring together hundreds of industry professionals, student members, academia and corporate representatives over the years. While the focus of the conferences rest primarily on career development and job placement, there are many opportunities to have fun as well. During the conferences, students can interview for internships and permanent positions; in addition to, attending interactive sessions on topics such as: developing dynamic interviewing skills, dress for success and transitioning from college student to business professional.
Regional Student Conference Calendar of Events Central Region Student Conference (CRSC)
Southwest - Western Region Student Conference (SWRSC)
October 6 - October 8, 2005
October 20 - October 22, 2005
Minneapolis Hyatt Regency
Westin Park Central
1300 Nicollet Mall
12720 Merit Drive
Minneapolis, MN 55403
Dallas, TX 75251
Registration Website
Registration Website
www.nabacr.org
www.nabawr.org
Eastern Region Student Conference (ERSC)
West Coast - Western Region Student Conference (WCWRSC)
October 13 - October 16, 2005
October 13 - October 15, 2005
Hilton East Brunswick
Marriott San Mateo - San Francisco Airport
3 Tower Center Boulevard
1770 South Amphlett Boulevard
East Brunswick, NJ 08816
San Mateo, CA 94402
Registration Website
Registration Website
www.nabaer.org
www.nabawr.org
Southern Region Student Conference (SRSC) October 6 - October 8, 2005 Marriott Atlanta Northwest 200 Interstate North Parkway Atlanta, GA 30339 Registration Website www.nabasr.org
To learn more about how you can invest in the next generation of business leaders, please call Challenge M Okiwe, Director, Center for the Advancement of Minority Accountants (CAMA) at the NABA National office (301) 474-6222.
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RULES OF ENGAGEMENT Rules of Engagement By Simon T. Bailey When I joined one of the largest entertainment companies in the world as a mid-level manager, little did I know my “pixie dusted” adventure would introduce me to a culture built on emotional engagement. I quickly realized to be successful within the organization; I would have to immerse myself into a web of relationships where the color of everyone’s skin was different than my own. Needless to say, college and my previous work experience did not prepare me for this; nor did my new-hire orientation class teach me how to assimilate into a culture where the core belief was built on understanding the art of synergistic partnerships. Even though I was a confident Generation X’er, was I nervous? Yes! Was I scared? Of course! Did I want to quit before my 90-day probation period? You can bet your life on it! Instead of quitting, I actually earned “my ears” and stayed for seven years before striking out to start my own business. Early on, the human resources manager who recruited me took it upon herself to be my mentor. She introduced me to senior executives and instructed me that it was my responsibility to follow through and cultivate relationships with them. Additionally, she told me I needed to carefully navigate the political waters of executive egos and hidden agendas; while not being sucked into “silo” mentality (i.e.,“This is the way we’ve always done it”). During this mentoring period, she helped me learn there are written rules, but there are also many unwritten rules-rules not printed in the employee handbook, that would be key to my success as a Black American male working for a Fortune 50 company in the south. I realized that I was responsible for leveraging my diversity, instead of waiting for some program to pacify my need to succeed.
I credit my seven years of success at Disney and my continuing success in the business world today, to what I call the Ten Rules of Engagement™:
Rule One – Take responsibility for creating your career path. It is not the human resource department’s responsibility to hold your hand and show you how to get ahead. Rule Two – Learn the annual report inside and out. This is the greatest eye-opener to understanding the strategic direction of a company. Rule Three – Become multi-dimensional in your career approach. Decide now to be curious about everything and never stop learning. Rule Four – Ask questions. The quality of your questions will determine the quality of the answers you get. Rule Five – Engage others in meaningful dialogue. Discover how to establish rapport quickly and engage senior leadership in significant conversations beyond sports and the weather. Rule Six – Treat your leaders as if they are multi-million dollar clients. Find out their birthdays, favorite cuisines and favorite vacation destinations. Rule Seven – Learn to think on your feet and speak with passion. Rule Eight – Recognize and thank others. Send handwritten thank you notes on quality stationery to someone in the company at least once a week. Rule Nine – Think Big, Act Big, and Be Big. How you feel about yourself will determine how others treat you. Rule Ten – Never forget those who will be crying at your funeral.Your family is your number one priority.
1 2 3 4 5 6 7 8 9 10
Generation X, Generation Y and all those who feel you are a minority in your workplace listen carefully…YOU are responsible for understanding the rules of engagement for career growth and development. Robert Barner, author of Lifeboat Strategies, says,“Today’s employer cannot guarantee the stability and longevity of corporate career paths or the security of employees’ jobs. As a result, career strategists realize they have to have the initiative in charting their own direction.” I am convinced future survival in the workplace will go to those who are nimble and constantly learning new skills in the midst of chaotic change. Follow these Ten Rules of Engagement™: to gain full empowerment of your career and success. Within each of us is the ability to create a magical future. Go forth and engage.
Simon is a catalyst of brilliance and President of the Imagination Institute, Inc. based in Orlando, Florida. He serves as a consultant, author and highly sought after speaker. He can be reached at 407-8779386 or info@simontbailey.com – e-mail. His website is www.SimonTBailey.com
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A Special Thanks to O UR 2005 Triple Platinum Level
Double Platinum Level
Platinum Level
Silver Leve
Gold Level
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5 C ORPORATE PARTNERS
r el
Triple Platinum Level
Silver Level
Recruiter Level
Bank of America Ernst & Young LLP KPMG LLP PricewaterhouseCoopers LLP
A. G. Edwards AICPA Allstate BP Bert Smith & Company Carrington & Carrington, Ltd The Clorox Company Comerica Freddie Mac Kellogg’s Limited Brands MACPA MBNA America McDonald’s Corporation Mitchell & Titus LLP Paramount Pictures Pulte Homes, Inc. The Siegfried Group, LLP Thompson Cobb & Bazillio Time Warner Wachovia The Walt Disney Company Weyerhaeuser
BCBS of Michigan Becker CPA Review CIA Cargill, Inc. Caterpillar, Inc. Coca-Cola Enterprises DEA DaimlerChrysler Dupont Eli Lilly & Company Entergy FBI FDIC FHL Bank of San Francisco Federated Corporate Services The Gillette Company Gleim Publications Harley-Davidson Kelly Financial Resources Kelly Services Kimberly-Clark Corporation Kohls Department Store Mellon Financial Corporation Monster Moody’s Investor Service Nationwide Insurance PCAOB PSGA Pactiv Pension Benefit Guaranty Pepsi Bottling Group Pioneer Investments Proctor & Gamble Toyota Motor Sales Tribune Company Tyson Foods UHY LLP U.S. Securities & Exchange Commission Verizon Communications Verizon Wireless Wayne State University The Whirlpool Corporation
Double Platinum Level Deloitte JPMorganChase Marriott International, Inc. NABA’s Division of Firms (DOF) Office Depot Prudential Financial
Platinum Level Abbott Laboratories AXA Financial DTE Energy Foundation EDS Goldman Sachs & Company Liberty Mutual Group Microsoft Northeastern University Philip Morris USA Wal-Mart Stores, Inc.
Gold Level Countrywide Financial The Dow Chemical Company Merrill Lynch Plante and Moran PLLC SaraLee Staples, Inc.
Bronze Level Archer Daniels Midland Ford Motor Company Owens Corning Schering-Plough Corporation
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Submit application form to: National Association of Black Accountants, Inc. 7249-A Hanover Parkway, Greenbelt, MD 20770 Phone (301) 474-NABA Fax: (301) 474-3114
NABA Lifetime Membership Application
Lifetime Membership Application Due to increased interest in Lifetime membership and to make it more convenient for your participation, NABA now offers a new application for your involvement. While the fees remain at $3000 we have instituted two pledge methods. They include an installment plan with three equal $1000 payments and a monthly bank debit option through electronic transfer (EFT).
Pledge Obligation 1. THE FULL PLEDGE OF $3000 SHOULD BE COMPLETED WITHIN THREE YEARS. 2. FULL PAYMENT OF ANNUAL MEMBERSHIP DUES MUST BE MADE DURING COURSE OF PLEDGE COMMITMENT. 3. ALL PAYMENTS WILL BE PLACED IN LIFETIME MEMBERSHIP FUND AND ARE NON-REFUNDABLE.
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Payment Options 1. THREE EQUAL INSTALLMENT PLAN Payment Amount $ _______________ ■ Check enclosed made payable to NABA, Inc. (Please include registrant’s name on check and return this form with payment) ■ Visa NAME |
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■ MasterCard
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CREDIT CARD
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2. MONTHLY BANK DEBIT ■ Checking
ACCOUNT TYPE:
■ Savings
■ 36 monthly payments of $83.33
PAYMENT OPTIONS:
■ $ _________ per month for ____ months totaling $3000
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By signing this form, I agree to allow NABA, Inc. to debit my bank account for the amount specified in the payment options section above. Signature ____________________________________________
Date ___________________
Please remit all payments to: National Association of Black Accountants, Inc., Department 0610, Washington, DC 20073-0610
32
NABA Membership Application
National Association of Black Accountants, Inc.
Please print legibly and be sure to respond to all questions. Information will be used to compile demographic statistics and update NABA’s database. All information will be held in strict confidence. Pertinent data will be forwarded to your NABA Chapter.
Department 0610 Application Type ■ Professional
Washington, DC 20073-0610
■ Student
Phone (301) 474-NABA
NABA Chapter Affiliation ___________________________________________________________________________
Fax (301 474-3114
First, Middle, Last Name __________________________________________________________ Suffix __________ Gender
■ Male
■ Female
www.nabainc.org
Birth Date _____________________________________________
Email Address _____________________________________________________________________
Home Information
Applicable Rate
Address __________________________________________________________________________________________ City, State, Zip ____________________________________________________________________________________
✃ Cut here and submit to NABA for processing.
Home Phone ______________________________________________________________________________________
Company or School Information Company or School Name ___________________________________________________________________________ Address __________________________________________________________________________________________ City, State, Zip ____________________________________________________________________________________
Please Choose Applicable Class Professional Member ■
Regular . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$120.00
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First-Time (only valid from January 1 – June 30) . . . . . . . . . . . . . . . . . .$65.00
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Academia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$65.00
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Senior (65 years or older – must provide date of birth) . . . . . . . . . . . . . . . .$65.00
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College Pipeline Initiative (1st year graduating student member) . . . . . . . .$0.00
Student Member
Company or School Phone ___________________________________________________________________________
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Job Position __________________________________________________ Number of Years ________
Please remit your annual membership dues to the above address. Please do
Salary
Industry
Regular . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$20.00
not fax and mail this form simultaneously – you will be charged twice.
■ < $20,000
■ $21,000 - $40,000
■ $41,000 - $60,000
■ $61,000 - $80,000
■ $81,000 - $100,000
■ > $100,000
■ Public
■ Corporate
■ Government
Card Number ______________________________________
■ Non-Profit
■ Education
■ Independent
Expiration Date _____________________________________
■ Home
■ Company or School
Name on Credit Card __________________________________
Preferred Mailing Address
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Check/Money Order Enclosed - Make payable to NABA, Inc.
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Visa
■ MasterCard
■ American Express
Signature _________________________________________
Education Information
Please Check Appropriate Response:
Undergraduate School ______________________________________Graduation Date ___________
■ I wish to receive, as a benefit of my membership, special offers, promotions, and research surveys from selected NABA partners via mail and/or Email periodically.
Major ___________________________________________Overall Grade Point Average ___________ Degree __________________________________________Classification (i.e., Freshman) ___________
■ I do not wish to receive anything other than official NABA Publications.
Graduate School __________________________________________Graduation Date ___________ Major ___________________________________________Overall Grade Point Average ___________ Degree __________________________________________________________________________
NABA’S fiscal year begins July 1 and ends June 30. Dues are accepted any time during the year, but membership will expire at the end of each fiscal year.
Certifications _____________________________________________________________________
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NABA 2005 Convention, ELDI, and MLDI Registration Form 34th Annual National Convention Detroit Marriott Renaissance Center Detroit, MI FOR
BEST RESULTS, PLEASE PRINT CAREFULLY WITH A BLUE OR BLACK BALLPOINT PEN.
June 14-18, 2005
NABA 2005 Convention Registration Fees
Chapter Information
REGISTRATION SCHEDULE
PROFESSIONAL MEMBERS
NON-NABA MEMBERS
FACULTY MEMBERS
STUDENT MEMBERS
ELDI
MLDI
9/1/04 – 4/30/05
$800
$1000
$300
$150
$1600
$1000
After 4/30/05
$1000
$1200
$400
$200
$1800
$1200
Chapter ______________________________________ Are you a current NABA Member?
*For ELDI Sessions ONLY. This rate does not include the NABA Convention Registration
❑ Check here if you require special services or have special dietary requirements.
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IF DIFFERENT THAN ABOVE
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❑ YES
❑ NO
Payment Worksheet 2005 Registration Fee(s):
Registration Information
❑ NO
Date Application Submitted: _______________________ Is this your first NABA Convention?
ELDI (ONLY) $1100*
❑ YES
$ _______________
Professional and student member rates are available only to NABA members financial for FY ‘05. MLDI registrants receive complimentary registration for the NABA convention. ELDI and MLDI registrants: A brief summary of experience detailing your qualifications must be submitted with this registration form and payment. Please include: Years of work experience, position title, function(s) you manage, and how many people report directly to you. All applicants will be reviewed and notified upon approval. Each program is limited to the first approved 90 participants.
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$ _______________
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Professional fee - $120. Student fee - $20. Students must provide a copy of their school ID when submitting this form. Fiscal year is July 1 - June 30.
Total Payment Due:
ZIP
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EMAIL ADDRESS: |
Professional Membership: FY ‘05
$ _______________
Annual Golf Classic ❑
Yes, I am interested in the Annual Golf Classic. Information will be provided in the 2005 Convention Brochure. (Approximately $250 per participant)
Company or School Information COMPANY |
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Payment Instructions
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How is your Registration Fee being paid? ❑ Self ❑ Chapter ❑ Company or School ❑ Other ______________________
Payment Information ❑ CHECK ENCLOSED. MAKE CHECK PAYABLE TO NABA, INC. PLEASE INCLUDE REGISTRANT’S NAME ON CHECK AND RETURN THIS FORM WITH PAYMENT. PLEASE CHARGE TO MY CREDIT CARD:
❑ VISA
❑ MASTERCARD
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CREDIT CARD NUMBER:
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Cancellations made by May 3, 2005, will be accepted but are subject to a cancellation charge of $100. There will be no refunds for cancellations after May 3, 2005. Upon written request, you may substitute your registration at any time. All cancellations and substitutions must be requested in writing. NO EXCEPTIONS.
NABA discount rates available after September 1, 2004. To book your reservation at the special NABA rate ($152), call the Detroit Marriott Renaissance Center at 1-800 352-0831.
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NABA accepts the following major credit cards:
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S I G N A T U R E ______________________________________________ E X P I R A T I O N D A T E : _____________
34
Phone: (301) 474-6222 Fax: (301) 474-3114 All information is used by the National Office and will be held in strict confidence.
Hotel Information
❑ AMEX
NAME AS IT APPEARS ON CREDIT CARD: |
Please remit all payments to: National Association of Black Accountants, Inc. Attn: NABA 2005 Convention Department 0610 Washington, DC 20073-0610
Please do not fax and mail this form simultaneously because your credit card will be charged twice. Either fax or mail it!
To address the professional needs of its members and to Managing Editor Darryl R. Matthews, Sr.
Associate Editors
build leaders that shape the future of the accounting and
NABA Mission
finance professions with an unfaltering commitment to
Johnetta B. Hardy Shakira Brown
inspire the same in their successors.
VISIT THE NABA ONLINE CAREER CENTER
www.nabainc.org
Contributing Editors Challenge M. Okiwe, Shakira Brown
Production Manager Johnetta B. Hardy
Design/Art Direction Thomas G. Dickerson Crosshair Design
As a NABA member, we encourage you to submit information on chapter activities and members on the move. Information should be submitted to Johnetta Boseman Hardy, NABA’s Executive Deputy Director, via e-mail at jhardy@nabainc.org or call (301) 474-6222 for details.
Deadline for Winter 2005 NewsPlus is October 14, 2005 P HOTOS
WELCOMED !
NewsPlus is published four times a year by the National Association of Black Accountants, Inc. 7249-A Hanover Parkway, Greenbelt, MD. 20770, Phone: 301.474.NABA Fax: 301.474.3114 www.nabainc.org
Subscriptions are included in annual membership fees for professional members and in convention corporate sponsorship packages. is published for informational purposes only. The views represented by the individual writers in this publication do not necessarily reflect the views of the National Association of Black Accountants, Inc.
Disclaimer: The National Association of Black Accountants, Inc. (NABA) does not engage in or promote gambling or other games of chance involving such things as sweepstakes, prizes, trips or cash awards to the public at large. NABA is a nonprofit professional accounting and finance membership association. We assume no liability for solicitations to participate in gambling or other games of chance distributed to the public in any manner under the acronym NABA, Inc.
36
N A B A’s
Darryl R. Matthews, Sr. Executive Director and COO
Johnetta Boseman Hardy Deputy Executive Director
Monica L. Rose Special Ass’t, to Executive Director and Deputy Executive Director
Reginald Nance Controller
Challenge M. Okiwe Director, Center for Advancement of Minority Accountants (CAMA)
Lover High, Jr. Chief Information Officer
Muriel Evans-Buck Director, Development and Corporate Relations
Kirti Baheti Membership Manager
NATIONAL
Office
National Association of Black Accountants, Inc. 7249-A Hanover Parkway Greenbelt, MD 20770
NONPROFIT ORG. U.S. POSTAGE PAID MERRIFIELD, VA PERMIT NO. 1679