in this issue

n President’s Letter

n From KPMG
Business Forecasting - Rolling with the Economic Landscape

n Chapter Events:
Chapter Meeting
February 9, 2010
4:00
8:00 p.m.
Bent Tree Country Club
3 CPE credits

n FEI Technical Committees

n Financial Executive Magazine

n Social Networking

n Chapter Contacts

 

chapter sponsors

We wish to thank the following sponsors who have contributed greatly to our chapter.  Members are encouraged to consider doing business with these firms if you have a need for their services. 

 

Chapter and golf sponsorships are available.  For more information, contact:

 

n Mike Brower
214-755-0707
(chapter sponsorship)

n Keith Krzeminski
972-987-2376

(golf sponsorship)

chapter title sponsor

Cushman & Wakefield Global Homepage

strategic partners

platinum sponsor

gold sponsors

silver sponsors

Cushman & Wakefield Global Homepage

Chapter Meeting  n  February 9, 2010

Bent Tree Country Club

5201 Westgrove Dr.

Dallas, TX  75248

972-931-7326

map & directions

Registration deadline:  Thursday, February 4

Cancellation deadline:  Friday, February 5

 

Professional Development Session

4:00–5:45 p.m.  (2 CPE credits)

Presented by Marvin F. Poer and Company

Managing Regulatory Expectations While Reducing
Tax Expense

Mark E. Marceau

VP & National Director of Integrated Complex Property Solutions

Property Taxes:  Boon or Bane?  A Discussion of
Texas Property Taxes and How to Minimize Them

Foy Mitchell, Jr.

VP & Principal Consultant

 

Cost:  Free to Dallas Chapter members; Non-members: $50.00 if not also registered for the Dinner Program.  Advance registration and approval required.  Includes Networking Social following. 

 

Dinner Program

5:30–6:30 p.m. – Networking Social

6:30–8:00 p.m. – Dinner Meeting & Program  (1 CPE credit)

Fractured to Fortune:  Measuring Results Through Transforming Your Culture

Tony J. Parella

CEO, Shared Technologies Inc.

Author of Fractured to Fortune

 

Cost:  Free to Dallas Chapter members; Non-members: $100.00.  Advance registration and approval required.  Includes Professional Development Session and Networking Social. 

 

Registration

FEI Dallas Chapter meetings are open to dues-paying members of the chapter and their guests.  Advance registration is required.  Registrations received after the registration deadline will be wait-listed and accommodated on a first-come first-served basis as cancellations occur.  Qualified member prospects may attend one chapter meeting at no charge with advance registration and approval (click here to confirm qualifications prior to registration).

 

Click program headings above to register.  Login required.  Register for each program separately.  Guests may attend with advance registration and approval.  Guest fees are payable by credit card upon registration.

 

Guest Policy

Chapter members may bring guests to chapter events with advance registration and approval.  Generally, guests are not allowed repeated attendance.  Guests who are qualified and interested in FEI membership may attend one meeting compliments of the chapter. Contact Jackie Dunn for more information or to request guest approval.

 

Cancellation Policy

48 “business” hours notice is required for cancellation.  Cancellations inside 48 “business” hours and no-shows are subject to a cancellation fee equal to the guest fee.  Guest fees will be refunded upon request given that cancellation is received at least 48 "business" hours prior to the event.  Absent payment in advance, members are responsible for their guests' late cancellation and no-show.  We recognize that plans can change at the last minute; however, as good stewards of our chapter finances we ask your help in controlling expenses due to last-minute cancellations and no-shows. 

The Dallas Chapter’s vitality continues as registration boomed for our January chapter meeting where we welcomed Joseph DePinto, CEO of 7-Eleven, and his program “Growing Even in Difficult Times.”  The program was excellent, so thank you to Mr. DePinto and The Plexus Group which sponsored the dinner meeting. 

 

New Members: Mark Your Calendar April 20 Luncheon

A big welcome to the new members who continue to join our chapter!  To facilitate introduction to chapter membership, a luncheon is in the planning stages for April 20 specifically for new members.  This luncheon event is a great opportunity for new members to get to know each other and chapter leaders.  More information will be forthcoming. 

 

There are currently 440 financial executives who are active members of the Dallas Chapter.  Thank you all for your enthusiasm and participation.  Remember, the Membership Retention Committee, led by Peggy Bernard and Lista Hightower, is a resource if you have any concerns or suggestions.

continued

Kathryn McBride
Chapter President
2009-10

From KPMG

Business Forecasting - Rolling with the
Economic Landscape

By Don Mailliard

 

Since the recession began in earnest last year, some companies have all but given up on forecasting altogether because of future uncertainty. Yet, many companies view effective forecasting as a competitive advantage, and are utilizing rolling forecasts as a more flexible and reliable tool for gaining insight into evolving economic conditions.

 

What is a Rolling Forecast?

A rolling forecast is similar to a regular forecast as it is based on past performance.  However, a rolling forecast is regularly updated to reflect the latest results and most up to date business information.

 

Whether a company is looking forward four, six, or eight quarters, once it replaces a quarter with results, it adds a future quarter to the rolling forecast. It is generally developed for a 12- to 18-month horizon, to mirror the time horizon considered for certain key decisions. A rolling forecast should encompass baseline data, anticipated events, and key business drivers.

continued

Don Mailliard

KPMG LLP

Chapter Events

financialexecutives.org
quicklinks

Advocacy:

n Issues

n Technical Committees

Chapters

Code of Ethics

Contact Data Changes

Events:

n Conferences

n Webcasts

CPE Center – Get CPE credit by reading Financial Executive magazine and FERF reports

FERF – Financial Executive Research Foundation

FERF Publications

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Staff Directory

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Topic Library

 

chapter event schedule
2009-10

September 8, 2009
Chapter Meeting
4:00-5:45 Prof’l Development
5:30 Networking Reception
6:30-8:00 Dinner Program
Marriott Quorum

October 13, 2009
Chapter Meeting

4:00-5:45 Prof’l Development
5:30 Networking Reception
6:30-8:00 Dinner Program
Bent Tree Country Club

October 24, 2009
Annual Social
5:30-10:00 p.m.
Lone Star Race Track

November 10, 2009
Chapter Meeting
4:00-5:45 Prof’l Development
5:30 Networking Reception
6:30-8:00 Dinner Program
Bent Tree Country Club

November 20, 2009
Professional
Development Session
Presented by Oracle
7:30-8:00 a.m. Check-in
8:00-9:45 a.m. Program
Bent Tree Country Club

January 12, 2010
Chapter Meeting

4:00-5:45 Prof’l Development
5:30 Networking Reception
6:30-8:00 Dinner Program
Bent Tree Country Club

February 9, 2010
Chapter Meeting

4:00-5:45 Prof’l Development
5:30 Networking Reception
6:30-8:00 Dinner Program
Bent Tree Country Club

March 9, 2010
Chapter Meeting
4:00-5:45 Prof’l Development
5:30 Networking Reception
6:30-8:00 Dinner Program
Bent Tree Country Club

April 13, 2010
Chapter Meeting
4:00-5:45 Prof’l Development
5:30 Networking Reception
6:30-8:00 Dinner Program
Bent Tree Country Club

April 20, 2010
New Member Luncheon

11:30-1:00 p.m.
Park City Club

May 2010
Members Golf Outing

Schedule and venue TBD

 

FEI:  The Voice of Corporate Finance

Click here for Advocacy and Accounting Policy Committees updates.

 

Committee on Benefits Finance (CBF)
Develops recommendations on existing and proposed legislation and regulations affecting pension and profit sharing plans, health and disability insurance, unemployment compensation and regulation, and other areas. When deemed appropriate, CBF may communicate positions to government agencies, legislators and professional and business organizations.

 

Committee on Corporate Reporting (CCR)
Monitors developments & issues relating to accounting/auditing/external reporting, including policies, rules, regulations, and standards; communicates these to members, the FASB, and government agencies. Represents interests on accounting/reporting matters in communications to the SEC.

 

Committee on Corporate Treasury (CCT)
Provides a forum for FEI members, namely treasurers to formulate opinions and monitor developments and issues that impact treasurers. These issues include credit ratings, access to capital, risk and many others. CCT disseminates information as it is necessary to the Committee and to the broader FEI membership. The Committee drafts comment letters and educates relevant policy makers and regulators on issues impacting treasurers.

 

Committee on Finance & IT (CFIT)
Addresses the needs and interests of financial executives as strategic leaders, as they strive to realize measurable and sustainable performance improvements while maintaining financial control. Develops information technology related programs and services targeted to meet the strategic needs of FEI members. When deemed appropriate, CFIT may communicate positions to government agencies, legislators and professional and business organizations.

 

Globalization Oversight Committee (GOC)
Dedicated to creating a global forum of financial executives, initially from both sides of the Atlantic, willing to share best business practices, to engage in a business network, to follow a common code of ethics and to play an advocacy role in front of regulatory bodies.

 

Committee on Government Business (CGB)
Initiates studies and develops positions on existing/proposed legislation and regulations affecting accounting principles/standards/practices, and rules that must be followed by businesses providing goods & services to the Federal sector. CGB communicates its findings to federal agencies, Congress and other parties.

 

Committee on Private Company Policy (CPC-P)
Responsible for monitoring and developing positions on legislation, regulations and other public policy initiatives that impact privately held companies. CPC-P and the FEI staff are the primary resource for drafting comment letters and position papers for use with policy makers.

 

Committee on Private Company Standards (CPC-S)
Responsible for monitoring and developing positions on accounting, auditing and related initiatives that impact privately held companies. CPC-S and FEI staff are the primary resource for drafting comment letters and position papers for use with policy makers on these matters.

 

Committee on Taxation (COT)
Formulates statements/positions on tax legislation, policies, practices, rules and regulations, addressing economic/social implications of taxes, simplification and administration, and tax and accounting relationships, and communicate these to the executive and legislative branches of the government.

Financial
Executive
Magazine

cover story:
Bring it On! It’s a new year, the end of the first decade of a new millennium. If there’s one thing those in the corporate world have likely learned these last 10 years, it’s that you can’t be too careful.

Online exclusives:

Building a Better Chart of Accounts
To some, a discussion on the chart of accounts (COA) might be akin to watching paint dry. But finance and accounting professionals understand that the chart is arguably the foundation of the finance function.

more exclusives

 

Features:

Financial Reporting:  Financial Reporting for the Next Decade
Management:  What Should a CFO Know About Tax?
Economy:  Will The Recovery Become Self-Sustaining?
Financial Regulation:  Reforming Financial Services Regulation: Panacea Or More Problems?

Chapter Contacts

January 2010

Are you LinkedIn?  Join the FEI Group Today!

Joining the FEI LinkedIn Group will allow you to find Joining the FEI LinkedIn Group will allow you to find and contact other FEI members on LinkedIn, as well as more than 25 million other experiences professionals from around the world, representing 150 industries.

 

Want Up-to-the-Minute Regulatory News?

For the latest information on regulatory developments, visit FEI’s Web site or sign up to receive email updates from the FEI Financial Reporting Blog by emailing blogs@financialexecutives.org.  The FEI Financial Reporting Blog is also available on Twitter at @feiblog.

 

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Now you can get FEI News on Twitter, by signing up to ‘follow’ FEI news at @feinews. FEI’s press releases automatically post via our Twitter account, and we may ‘tweet’ other FEI news from time to time.

Officers

President
Kathryn McBride
Marvin F. Poer and Company
972-770-1134
kathrynmcbride@mfpoer.com

Vice President
Renée J. Hornbaker
Shared Technologies Inc.
972-462-5844
renee.hornbaker@
sharedtechnologies.com

Secretary
Derek B. Claybrook
Sammons Corporation
214-210-5000
dclaybrook@sammonscorp.com

Treasurer
Christopher C. Loy
Time Warner Cable
972-830-3807
christopher.loy@twcable.com

 

Executive Committee

Dr. David J. Springate
School of Management
The University of Texas at Dallas
972-883-2647
spring8@utdallas.edu

Paul Mason
LES
972-608-4669
pmason0408@aol.com

Gina A. Norris
Crow Holdings
214-661-8097
gnorris@crowholdings.com

 

 

 

Committees

Arrangements
Darin Patrizi
Pepsico National Sales
972-334-2314
darin.patrizi1@fritolay.com

Patti McKee
ViewPoint Bank
972-578-5000 x7223
patti.mckee@viewpointbank.com

Career Services
Robert M. Walker
Morgan Stanley
469-232-6224
robert.walker@morganstanley.com

Alan Stein
469-341-0808
astein@bkd.com

External Relations & Publicity
James B. Strand
Avnet, Inc.
214-343-5855
jim.strand@avnet.com

Michael E. Conley
972-985-4237
mechog@aol.com

Golf Planning Committee
Keith S. Krzeminski
McAfee, Inc.
972-987-2376
keith_krzeminski@mcafee.com

Thomas C. Hook
Lockton Companies, LLC
214-720-3489
thook@lockton.com

Membership
Eric B. Holleman
Conexus SG
972-455-9270
eholleman@conexussg.com

Kenneth J. Judd
k
este
214-778-2180
ken.judd@keste.com

 

 

Member Outreach
Mark C. Freund
972-387-3159
markcfreund@gmail.com

Franklin R. Lloyd
Cox School of Business
Southern Methodist University
214-768-3191
flloyd@cox.smu.edu

Member Retention
Peggy Bernard
Trinity Industries, Inc.
214-589-8149
peggy.bernard@trin.net

Lista B. Hightower
Mothers Against Drunk Driving
469-420-4505
lista.hightower@madd.org

Professional Development
Mahesh S. Shetty
Encore Enterprises Inc.
214-259-7009
mshetty@encore.bz

Kendall Helfenbein
214-956-7004
khelfenbein@tx.rr.com

Programs
Sharon Ellis
Texas Scottish Rite Hospital
for Children
214-559-7626
sharon.ellis@tsrh.org

Jim Howe
Crosstex Energy, Inc.
214-721-9347
jim.howe@crosstexenergy.com

Sponsorship
Michael L. Brower
214-755-0707
mike@browercpa.com

 

 

Social
Networking

Chapter Administrator

Jackie Dunn
FEI Dallas Chapter
469-241-0079
admin@feidallas.org

Other Directors

National Liaison
Richard J. Rosebery
ElkCorp, Retired
972-407-1709
richardrosebery@aol.com

CFO Roundtable
Dr. Constantine Konstans
School of Management
The University of Texas at Dallas
972-883-6345
konstans@utdallas.edu

 

Directors at Large

Terry L. Beneke
Antares Capital Management
972-455-2807
tbeneke@antarescapitalmgmt.com

John Cummings
KPMG LLP
214-840-2130
johncummings@kpmg.com

David W. Palmlund
Heidrick & Struggles, Retired
214-821-8957
dave@palmlund.com

 

Tony J. Parella

Shared Technologies

Mark E. Marceau
Marvin F. Poer and Company

Replace photo

Foy Mitchell, Jr.

Marvin F. Poer and Company

7th Annual Texas ACG Capital Connection  n  March 10, 2010

George R. Brown Convention Center  n  Houston, TX

Don’t miss the premier M&A and Private Equity business conference in the Southwestern United States. With over 1200 attendees, this is the deal-flow and networking event of the year. This national conference brings over 100 of the nation’s leading private equity and mezzanine firms to Texas representing more than $100 billion of capital available for investment.

As a Supporting Organization, FEI members get ACG member pricing,
$100 off the non-member price: $275 early registration, $375 after Feb. 24.
Select “FEI Member” when registering.
Click here for more information and to register.