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Interested in saving 25% on your annual membership fees?  The IMA has just initiated an auto-renewal program that offers this discount.  Sign Up for Automatic Renewal and Save As part of our commitment to providing IMA members with superior value, we are pleased to announce the launch of our automatic renewal discount program. Just follow the steps below to enroll and save 25% every year: Log into your account on the  IMA website , and go to the IMA Dashboard On the dashboard navigation, click myProfile, then My Membership Under Current Membership, click on the checkbox to opt into automatic renewal* Once a popup is displayed, you will be ...
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Nearly 65% of home employees do not want to go back to the office even after the pandemic is resolved. Moreover, 58% of them stated they would search for other work-from-home offers if they get forced to commute to the office daily. There are versatile reasons for this hesitation as workers and companies now approach work from a new perspective.  Hours spend in traffic  Commuting to the office spending hours in tiring traffic seems like an absolute waste of time to workers and management accustomed to working from home. Nobody gets late or absent from team meetings, and productivity increases due to reduced stress.  Employees and employers search   how ...
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Digitizing and transforming financial services through innovation and advanced technologies offers a financial inclusivity that was not available using conventional approaches. Fintech offers readily accessible financial services to everyone and there is a compelling case for the democratization of financial services.  However, it is important to manage these innovations in a way that protects the safety of the industry and strengthens it as a whole. Unprecedented changes are taking place in financial   systems and risk management needs to evolve with them.  The critical balance between fostering progress while mitigating risk  Investors in fintech demand ...
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Independent accountants, as well as financial advisors, offer a crucial service. They give clients precious advice about their money, which includes investments, savings, budget, insurance, and tax strategies. Fulfilling this role is a reason of pride for the aforementioned professionals and pursuing a career in this field is very appealing. The sensitive nature of the service provided means that financial professionals are exposed to certain risks. Showing care and conscientiousness isn’t enough to avoid making errors. As a matter of fact, anyone is liable to making mistakes, which result in loss. Many independent accountants and financial advisors   start ...
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When it comes to investing, there are two main types of investors. There are traders who are more drawn towards value trading and then there are the day traders.  These two schools of thought on trading are vastly different and it depends on whether you have the time to play a waiting game or whether you have the time to watch the markets and buy and sell at the opportune time. When it comes to value trading, the buy-and-hold strategy is very popular and here is why.  Immediate savings Value investors want to spend as little money as possible for the highest return on investment. Any investment transaction requires money, and as such, the more transactions ...
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Due diligence is a survey or investigation carried out to confirm potential investments on a buyer's decision to merge or make a purchase of an asset or property. This research is conducted before entering into financial or any form of agreement with the other party. Before any acquisition, you should ensure that you understand the company's obligations about debts, warranties, employment contracts, or compensation agreements. Below are the benefits of conducting due diligence before merge and acquisition. Financial accuracy Due diligence will allow checking whether the financial information showcased in the Confidentiality Information Memorandum is accurate ...
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As a subordinate or team member, you may have faced situations where even upon presenting fresh and new ideas, your boss did not give it a second thought or did not take it seriously.    If you are keen on getting a go-ahead to your business idea in the next meeting, it is important to understand the factors that help you get on the right track. Implementing the below ideas are sure to help your boss see you as someone full of powerful ideas.   Go in with a proper plan    An idea is just a thought and unless its implementation, it will hold little value. The next time you present an idea, prepare a strong plan for successful execution. ...
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Many new technologies have emerged over the past few years that are changing the face of recruiting. Artificial intelligence is increasingly being used to screen applicants and find the ones most suited to a particular job.  Applicants are tested prior to hiring to reduce wrong hires. Robotic process automation is dealing with many repetitive tasks. Cloud-based tools are increasing scalability and speed. All the changes are greatly increasing the efficiency of the recruiting process.  Pre-hire testing and assessment tools According to statistics, about 60% of companies now test candidates before offering them a position in their company. Hiring employees ...
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Below are the IMA Minneapolis Chapter April election results.  2021-2022 board members: President – Trent Kramer, CPA, CMA   Vice President – Heath L. Hertel, CMA, CPA (also a Council Delegate)   Past President – Ms. Lianne B. Loeks Munson, CMA, CSCA   Director of Student Membership – Mike Schmitt, CMA, CSCA   Director of Communications – Ms. Ashley Swanson, CMA, FPA   Secretary - Rudy Hershberger   Treasurer – Ms Shari L Nepper, CMA   VP of Membership - Bhavesh Parekh, CMA, PMP, ACMA (also a Council Delegate)   ...
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CEO Panel

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Why CMA?

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We are living in a very interesting time when we can get an access to any professional education, anytime and without even leaving our homes. They say that the sky is the limit and that it so true! Even if you already know what are your preferences and ambitions, you may still face a challenge of choosing what exact educations you need considering tons of options available. In this article we share with you main advantages of pursuing the credentials offered by Institute of Management accountants and help you to make decision to choose one of them with confidence. Longevity In 2019 Institute of Management Accountant celebrated 100 years of success as globally ...
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Whether you are fresh out of law school or looking to get your own practice started after a couple of years of experience, starting a law firm can be challenging. People are creatures of habit and feel safe within the realm of the known.  Just because your practice is new and modern does not mean that the clients will flock your way. You need to earn their trust and here’s how to do that.  Keep your finger on the billing pulse If you want to get the word out and grow your client base, your prices need to be competitive. It is a well-known fact that hiring a lawyer is not a cheap exercise. Ordinary folks do not always know what they are paying for and ...
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The IMA is offering 50% off the CMA entrance fee and IMA membership with the discount code SPRING50. Offer ends March 30th.  The CMA entrance fee is normally $250.  The 50% off IMA membership in conjunction with this offer is valid for new members.  For more info, please visit the imanet.org promotion below: https://www.imanet.org/cma-certification/getting-started/cma-offers/cma-promotion-spring-2021-march
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The best part about owning a business is seeing how many strangers love and support your dream. It’s the validation that you’re offering a good product and the appreciation when customers return for me.  But, when customers stop showing interest, it can make you question your abilities as a business owner. Slow interest is usually a result of change or a sign that change is on the horizon. Here are some of the steps you can take if you’re suddenly losing customers. Identify recent changes Are there any elements of your business that you’ve changed so far? If your client numbers are dwindling suddenly, it could be a result of changes you’ve made recently. ...
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For the first time ever, our chapter is planning to put together a March Madness bracket pool exclusively for our members and distinguished guests Selection Sunday is March 14 The first round of games follows on Thursday, March 18 A communication will be distributed shortly after the NCAA brackets are available Looking into a social hour for us to hang out virtually For the top performers, we'll add a section to our website as an homage to your greatness
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The General Data Protection Regulation (GDPR) was formed by the EU and implemented in May 2018. One of the reasons behind it was to prevent the unethical use of data and make sure businesses were using data lawfully.  A couple of years later, there are still businesses battling to comply with the new rules on data privacy and security. They need to become compliant or risk major fines. Here are some of the technologies that can help businesses to become GDPR compliant.  Managed file transfer Managed file transfer (MFT) solutions help ensure the collection, movement and use of sensitive, personal data. MFT provides clear visibility into data flow with ...
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