A new designation, the Chartered Global Management Accountant (CGMA), was launched around the world on January 31, 2012 through a joint venture of the American Institute of CPAs (AICPA) and the Chartered Institute of Management Accountants (CIMA). The CGMA is a new global designation that recognizes CPAs working in a range of management accounting roles in businesses, industries and governments worldwide. Those with the new designation play a critical role in helping organizations of all sizes achieve sustainable business success. Management accountants, in today’s ever-more complex business environment, have greatly expanded their roles as business partners and must have the ability to synthesize and interpret a wide range of non-financial and financial information. The CGMA signals to employers that the designee has built upon core financial expertise and business acumen and is committed to continually developing his or her management accounting competencies.
 
CGMA designation-holders have access to a new resource-rich website, www.cgma.org, featuring a global online community of peers, thought leadership papers, practical business tools, CGMA Magazine and Newsletter and other resources to help them stay up-to-date on important professional issues, drive critical business decisions at their organizations and chart the best course to meet their professional objectives.

Click below for an interview with AICPA President and CEO Barry Melancon, CPA, CGMA and CIMA chief executive Charles Tilley, FCMA, CGMA—a former London partner of KPMG and Group Finance Director of investment banks Hambros PLC and Granville Baird— as they discuss the new designation, its development and the role of management accountants.

The 2011 Colorado individual income tax forms have been changed to help avoid common errors and omissions which result in letters or billing notices from the department. The Colorado Department of Revenue hopes that these improvements will assist tax professionals and taxpayers to submit accurate returns. Another easy way to avoid omissions is to file income tax electronically either through Revenue Online or other online tax services or software. Click below for an outline of some of these improvements.

Women have been made significant contributions to Colorado’s CPA profession ever since 1913 when Emma Manns became the first woman CPA in the state. Now, 99 years later, in conjunction with the AICPA Women’s Initiative Committee, the CSCPA is holding its first Women to Watch Awards. There are two nomination categories: CPA Experienced Leaders: Women who have made notable contributions to the accounting profession, their organizations, and the development of women as leaders; and CPA Emerging Leaders: Women who have demonstrated characteristics that will enable them to become leaders in the profession. More details on the criteria can be found here. Click here for the nomination form. Deadline for nominations is Feb. 17, 2012.

In the 2011 fiscal year, the Educational Foundation of the Colorado Society of CPAs awarded $69,000 in scholarships to deserving Colorado accounting students, thanks to the generosity of CSCPA members, firms, and others.

This year we raised the scholarship amount from $2500 to $3000 to make a more significant difference to deserving students.  In these tight economic times that $3000 scholarship means more than ever to both students and parents.

Won’t you please consider a contribution to the Educational Foundation of CSCPA as you begin your year-end financial planning?  You can contribute online by going to the Educational Foundation webpage. Once there, login using your member ID and password, and click “To make a contribution to the Educational Foundation, click here.”  Complete the billing information form and “send.”  You may also mail a check to us at Education Foundation of the CSCPA, 7979 E Tufts Ave., Ste 1000, Denver, CO  80237.

25% off the 2012 U.S. Master Tax Guide

Reserve your copy of the industry’s leading tax guide early, and save!   Provides helpful and practical guidance on today's federal tax law. This 95th Edition reflects all pertinent federal taxation changes that affect 2011 returns and provides fast and reliable answers to tax questions affecting individuals and business income tax.

To order, visit your CCH partner page at CSCPA Members CCH Book Specials.

If you have questions, please call Susan Vachereau at (303) 741-8605 or (800) 523-9082, ext. 105.