iowa cpa - june 2014

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Iowa Society of CPAs... Advancing the professional success of our members Iowa CPA Education Foundation launched D uring ISCPA’s May 9 Annual Meeting & Leadership Conference in Altoona, 100th Anniversary Task Force Chair Dave Farnsworth revealed an exciting new initia- tive involving CPAs across the state—the launch of the Iowa CPA Education Foundation. Support and sustain CPAs The foundation will provide scholar- ships and financial assistance to Iowa college students who are pursuing a goal of becoming a certified public ac- countant. In addition to scholarships, a future objective of the foundation is to provide funding for financial literacy programs in Iowa. “With recent reports showing that the average student loan debt for a graduating senior is almost $30,000, any help de- fraying the costs of college is welcome relief for Iowa families,” said ISCPA CEO Cindy Adams. “By creating this scholarship program to provide tuition assistance for Iowa accounting stu- dents, we’re supporting the hard work of these future CPAs.” ank you, chapters ISCPA’s ten chapters were dissolved this year and reorga- nized into five regional alliances. Thank you to the members who voted to approve the transfer of re- maining dollars in their chapter to provide start-up funding for the foundation. 100 in 100 One hundred percent of ISCPA members are encouraged to make a contribution to the foundation by the ISCPA’s 100th anniversary celebration, May 7-8, during the 2015 Annual Meeting & Leadership Conference. Two $2,500 scholarships will be presented during the event. Plant the seed for the future Demonstrate your passion for the profession. Help us grow the foundation and help others become CPAs. For more information or to make your contribution, visit the Iowa CPA Education Foundation page in the “About ISCPA” section of www.iacpa.org, or visit www.iacpa.org/AboutISCPA/EdFoun- dation.aspx. June 2014 Newsletter from the Iowa Society of CPAs, your primary source for profession-related information Mission To support and encourage individuals to become certified public accountants, and provide finan- cial education in the state of Iowa. Vision To support the future of the profession by providing scholarships and financial assistance to individuals who want to become certified public accountants, and provide financial education in the state of Iowa. The foundation represents Iowa CPAs’ commitment to support and sustain the future of CPAs in the accounting profession. - Dave Farnsworth, ISCPA 100th Anniversary Task Force Chair

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Newsletter for members of the Iowa Society of CPAs

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Page 1: Iowa CPA - June 2014

Iowa Society of CPAs... Advancing the professional success of our members

Iowa CPA Education Foundation launched

During ISCPA’s May 9 Annual Meeting & Leadership Conference in Altoona, 100th Anniversary Task Force Chair Dave Farnsworth revealed an exciting new initia-

tive involving CPAs across the state—the launch of the Iowa CPA Education Foundation.

Support and sustain CPAsThe foundation will provide scholar-ships and financial assistance to Iowa college students who are pursuing a goal of becoming a certified public ac-countant. In addition to scholarships, a future objective of the foundation is to provide funding for financial literacy programs in Iowa.

“With recent reports showing that the average student loan debt for a graduating senior is almost $30,000, any help de-fraying the costs of college is welcome relief for Iowa families,” said ISCPA CEO Cindy Adams. “By creating this scholarship program to provide tuition assistance for Iowa accounting stu-

dents, we’re supporting the hard work of these future CPAs.”

Thank you, chaptersISCPA’s ten chapters were dissolved this year and reorga-nized into five regional alliances. Thank you to the members

who voted to approve the transfer of re-maining dollars in their chapter to provide start-up funding for the foundation.

100 in 100One hundred percent of ISCPA members are encouraged to make a contribution to the foundation by the ISCPA’s 100th anniversary celebration, May 7-8, during the 2015 Annual Meeting & Leadership Conference. Two $2,500 scholarships will be presented during the event.

Plant the seed for the futureDemonstrate your passion for the profession. Help us grow the foundation and help others become CPAs. For more information or to make your contribution, visit the Iowa CPA Education Foundation page in the “About ISCPA” section of www.iacpa.org, or visit www.iacpa.org/AboutISCPA/EdFoun-dation.aspx.

June 2014

Newsletter from the Iowa Society of CPAs, your primary source for profession-related information

MissionTo support and encourage individuals to become certified public accountants, and provide finan-cial education in the state of Iowa.

VisionTo support the future of the profession by providing scholarships and financial assistance to individuals who want to become certified public accountants, and provide financial education in the state of Iowa.

The foundation represents Iowa CPAs’ commitment

to support and sustain the future of CPAs in the

accounting profession. - Dave Farnsworth,

ISCPA 100th Anniversary Task Force Chair

“”

Page 2: Iowa CPA - June 2014

2 | Iowa CPA | June 2014 www.iacpa.org

2014-15 Committee & Task Force Chairs100th Anniversary Task ForceDave Farnsworth, McGowen Hurst Clark & Smith PC, West Des Moines

Career AwarenessDerick Tallman, Ernst & Young LLP, Des Moines

Continuing Professional EducationBob George, Performance Therapies PC, Coralville

Exempt OrganizationsSteve Marlow, Care Initiatives Inc, West Des Moines

Family & Workplace IssuesBrian Newton, McGowen Hurst Clark & Smith PC, West Des Moines

Financial LiteracyJulie Thelen, Principal Financial Group, Des Moines

Governmental Auditing & AccountingSarah Bohnsack, Bohnsack & From-melt LLP, Taylor Ridge, IL

Insurance IndustryChristopher Yuska, Ernst & Young LLP, Des Moines

Leaders Emerging in the Accounting Profession (LEAP) Task ForcePatrick Meyer, Iowa Coalition Against Sexual Assault, Des Moines

LegislationPeg Trevino, Trevino Associates PC, Fort Dodge

Membership & Member BenefitsMarc Salmon, Wells Fargo Bank Iowa NA, Des Moines

Peer ReviewMike McNichols, McGowen Hurst Clark & Smith PC, West Des Moines

Practice ReviewKevin Garrett, Kevin O Garrett CPA PC, Atlantic

Public & Professional RelationsMarty Fredericks, Kiesling Associates LLP, West Des Moines

Social Technology Task ForceGreg Thomas, Palmer Group, West Des Moines

TaxationKurt Konek, Konek PC, Prairie City

Meet ISCPA’s 2014-15 leadershipExecutive Committee

Jim Smith, presidentPartner, McGowen Hurst Clark & Smith PC Winterset

Mike Meinders, vice presidentManaging partner, Carney Alexander Marold & Co LLP Waterloo

Patty Bell, treasurerAdvanced solutions director, Principal Financial Group, Des Moines

Mike Scheuermann, secretaryPartner, Henkel & Associates PC, Boone

Don Seibel, past presidentCFO & treasurer, FBL Financial Group Inc, West Des Moines

Board of DirectorsAbby CrollTax manager, Roth & Company PC, Des Moines

Rod FosterPartner, McGladrey LLP, Des Moines

Brad HaugeCPA, Cedar Rapids

Emily HeerenManager, DuPont Pioneer, Johnston

Kim JacobsenPartner, Timmins Kroll & Jacobsen LLP, Urbandale

Heidi KleveFinancial consultant, Wells Fargo Bank NA, Des Moines

Jeff StrawhackerPartner, Timmins Kroll & Jacobsen LLP, Urbandale

Kyle Ten PasPartner, KPMG LLP, Des Moines

Dwaye Vande KrolShareholder, Nyemaster Goode PC, Des Moines

Issue No. 2014-06

Published eleven times per year by the Iowa Society of Certified Public Accountants (ISCPA). Send address changes, advertising inquiries and all correspondence to:

Iowa Society of CPAs950 Office Park Rd, Ste 300West Des Moines, IA 50265-2548 Email: [email protected]: www.iacpa.orgor, contact the ISCPA office:515-223-8161/800-659-6375

Front page photo: Spencer, Iowa.Photo by: JIM HEEMSTRA For more information about a committee or task force, visit the committees page

in the “About ISCPA” section of www.iacpa.org.

Page 3: Iowa CPA - June 2014

www.iacpa.org Iowa CPA | June 2014 | 3

Meet your new ISCPA president: Jim Smith

Jim Smith, a partner with McGowen Hurst Clark & Smith PC in Winterset, assumed his role as 2014-15 presi-

dent of ISCPA May 1. We had the oppor-tunity to visit with Jim about growing up in Iowa, his career as an Iowa CPA, his involvement in the profession and what he’d like to accomplish this year.

Where did you grow up?My parents grew up a quarter mile from each other near Winterset. When my dad came home from the war, they got married and bought 50 acres next to my grandfather’s farm. I grew up there with four sisters and one brother.

What was it like growing up on a farm?It was a good life other than fighting my four sisters for the one bathroom we all shared! It was a typical family farm, and we worked together to run it ourselves. We had crops, livestock and gardens. It was all done manually back then. My dad was a good carpenter and could weld, wire, or do pretty much anything else that needed to be done. He had a can-do attitude that influenced me a lot. You see something and figure out how to do it.

Tell us about your first job.I worked at the local meat processing locker for $1.25 an hour through high school and during college breaks. It was good training to get up in the morning, be on time and be accountable.

What first interested you in account-ing?The road to accounting wasn’t exactly a smooth trip. I started in engineering and

switched to math. I was still struggling with what to do. One of my friends said accounting was interesting. I tried it and it fit perfectly.

Tell us how your accounting career progressed.I started with Coopers & Lybrand out of college, when there was the Big 8 accounting firms, and worked there for nine years. Working for a large national firm was good for me, but it helped me realize what I wanted to do. My wife also grew up in Winterset, so we moved back to open an office of my own and help my dad with the family farm. Now it’s a century farm and my wife and I live there.

How did you transition to McGowen?Dave Hurst worked there and we had worked together at Coopers & Lybrand. We stayed in touch over the years, and he was always helpful with tax guid-ance and to bounce ideas off of. After three years on my own, the business got bigger and I needed more resources. It made sense for me to merge with McGowen. And Dave is still one of my primary go-to people.

What would you like to accomplish during your term as president?I’d like to see membership momentum continue since we just came off the

biggest year of growth since 2004; educate more people about what ISCPA does; have a collaborative, active and engaged board of directors and mem-

bership; and continue the conversation on how to engage younger people.

What inspired you to take a leadership role with ISCPA?About ten years ago, I woke up one day and realized I hadn’t given back to my pro-fession. I volunteered

for a committee, started going to ISCPA events and conferences and recon-nected with people I had known for a long time. Then, I was invited to be on the board. The passion for what I do is what’s in it for me, and I love being part of the board. It’s a wonderful opportu-nity to serve the profession.

2014-15 ISCPA President: Jim SmithHometown: WintersetFamily: Wife Linda, two daughters: Kari, who works at Principal Global and has one son, Ethan; and Ellen, who works at GuideOne and her husband, Ben.Spare time interests: Bike riding, running, Iowa State sports, sports in generalEducation: Bachelor’s degree in industrial administration from Iowa State University ISCPA volunteer history:

• Legislation Committee 2004-08• Board of directors 2008-13• Vice president 2013-14

1-800-397-0249The Holmes Group

[email protected]

We are different because we can produce the best results for YOU. Give us a call today so that we can start working to remove your selling headache and to obtain the goal you desire.

Jim (right) greets past presidents at a networking breakfast.

Page 4: Iowa CPA - June 2014

4 | Iowa CPA | June 2014 www.iacpa.org

Annual Meeting & Leadership Conference highlights

2013-14 President Don Seibel & 2014-15 President Jim

Smith

ISCPA past presidents Leadership speaker Dr. Todd Dewett

ISCPA 2014 award recipients (see www.iacpa.org for more information)

Successful Iowa candidates who scored in top three percent of CPA exam in 2013

Dave Farnsworth, a partner with McGowen, Hurst, Clark

& Smith PC in West Des Moines, announces Iowa CPA

Education Foundation

Members visit with exhibitor Iowa Finance Authority

Exhibitor Wells Fargo

The ice cream

bar was a success!

Alliance Technologies reps. at the device bar from event sponsor Microsoft

CPAs visited with exhibitor Bernie Lowe & Associates

Iowa CPAs and guests enjoying the member social at Jethro’s BBQ

Page 5: Iowa CPA - June 2014

www.iacpa.org Iowa CPA | June 2014 | 5

Most of us are looking to save money any way we can. Especially on things we can’t even see.

Like insurance. But inferior insurance is just plain useless.

That’s why West Bend’s Home and Highway® policy makes sense. It protects just about

everything you own, even your family pet. If your dog or cat is the victim of a covered accident, your policy automatically provides

coverage for some of the costs, including most veterinarian expenses.

You even get a special discount for being a member of the IA CPA association.

And it’s all backed by the knowledge and experience of an independent insurance agent.

just can’t afford to lose.The things we care about the most are the things we

West Bend. Insurance you buy when you can’t afford anything less.

To find out more, contact an official supplier of the Silver Lining®.

Visit thesilverlining.com for the name of the one nearest you.

CPE SpotlightInsurance Industry Conference-new date & location!Mark your calendar for Thursday, June 26, and attend ISCPA’s Insurance Industry Conference at the Des Moines Downtown Marriott. For more informa-tion on topics and registration, go to www.iacpa.org. Printed materials will not be available at the conference, so watch your email for notification that materials are available to download. If you’re traveling from out of town, you may want to extend your stay and attend the award-winning Des Moines Art Fes-tival, June 27-29. If you need overnight accommodations at the Marriott, make your reservation by June 4 in order to receive the negotiated group rate.

June yellow book courses

June 18 - Form 990: A Comprehensive Approach to Accurate Preparation

June 19 - Advanced Auditing of HUD-Assisted Projects

ACPEN monthly webcast (classroom or individual)Not-for-Profit Accounting, Auditing, & Tax Update

June 25, 2014

Governmental Accounting & Auditing Update

July 23, 2014

Classroom locations: Davenport, Des Moines, Waterloo

Stay current on health care reformKey Tax Issues in Implementing the Affordable Care Act

June 23 - West Des Moines

Learn about the newest guidance on the Affordable Care Act. There are a host of new taxes, tax credits, man-dates, penalties, reconciliations and requirements that your clients and busi-nesses must implement.

CPAs in business & industry–June CPEYou asked and we listened. ISCPA has scheduled two seminars especially for CPAs working in business and industry.

Toolkit of Best Practices for Today’s Controller and Financial Manager

June 16 – West Des Moines

Learn best practices in the areas of cost and capacity management, select accounting practices, business cycles, cash management, valuation risk man-agement and more.

Lean Accounting: Higher Profits by Streamlining Operations

June 17 – West Des Moines

Learn about combining management, accounting, control, and performance measurement methods to support leaner operations.

Obama signs DATA Act into law

With a stroke of the pen, President Obama has paved the way for easier tracking

of federal spending data by residents of Iowa. The Digital Accountability and Transparency Act (DATA Act) was signed into law by the president, May 9, 2014, after being given final congressional ap-proval on April 28.

What is the DATA Act?The DATA Act will standardize the ways in which federal spending information is reported and call for the creation of a searchable online database that would let all Americans see how the govern-ment is spending their money.

Although the bill doesn’t mention it by name, extensible Business Reporting Language, or XBRL, will likely play a key role in the standardization of govern-ment data, and with good reason: XBRL works, it saves money, and it lets finance folks spend less time on data management and more time on data interpretation.

Read the full news release at www.iacpa.org/AboutISCPA/NewsReleases.aspx or visit the News Releases page in the “About ISCPA” section of www.iacpa.org.

Page 6: Iowa CPA - June 2014

6 | Iowa CPA | June 2014 www.iacpa.org

IPE 10311922 INGERSOLL AVENUE DES MOINES, IOWA 50309

515.279.1111 • 888.226.0400FAX 515.279.8788

[email protected]

Manage Exchangeand Professional Riskwith the Midwest’s Premier Exchange

Resource

Classifieds

For ad rates and deadlines, visit: www.iacpa.org/Resources/

ClassifiedAds/ad_rates.aspx.

CAREER OPPORTUNITY-MANUFAC-TURING CONTROLLER-CFO TRACK–Immediate and unique opportunity with established central Iowa manufacturer. Utilize your experience in A/P, A/R, G/L, forecasting/budgeting, Credit, and Treasury in this exciting role. Partner with the CFO in financial statement preparation, internal financial report-ing, KPI’s, and acquisition activities. BS/BA Accounting, CPA, MBA, or CMA and at least 10 years’ experience. For confidential inquiry and consideration, contact Miles Morrow, Iowa Career Con-nection: 515-282-5823 or [email protected]. We are retained by our clients who pay all fees.

CPA CAREER OPPORTUNITY–Due to growth, our firm is in need of a CPA with 3+ years’ experience in tax return prepa-ration. Auditing experience a plus. Salary based on experience. Firm is located in Oskaloosa, IA. Send resume to [email protected].

IOWA PRACTICES FOR SALE: North-west Iowa CPA Practice - gross $570K; Central IA (near Des Moines) CPA Practice - gross $170K; Manchester CPA Practice - gross $550K; Fairfield CPA Practice - gross $655K; NE Iowa (Near Waterloo/Cedar Rapids) Tax & Acctng - gross $240K; Muscatine County EA Tax & Acctng Practice - gross $157K. For more information about these great list-ings or others in your area, call 1-800-397-0249. Also, view listing details and register for free email updates at www.AccountingPracticeSales.com. Thinking of Selling Your Practice? Accounting Practice Sales is the leading marketer of accounting and tax practices in North America. We have a large pool of buyers, both individuals and firms, looking for practices to purchase. We also have the experience needed to help you find the right fit for your firm, negotiate the best price and terms and get the deal done. To find out more about our risk-free and confidential services, call Trent Holmes at 1-800-397-0249 or email [email protected].

EXPERIENCED CPA NEEDED–Growing Fort Dodge firm needs seasoned tax and accounting professional. The tax practice represents 55% of revenues, with 45% of revenue from year-round accounting, consulting and personal financial planning services. Ownership potential. Salary and benefits commen-surate with experience. Please mail re-sume to: Peg Trevino, 101 N 27th Street, Fort Dodge, IA 50501.

SENIOR ACCOUNTANT–Well-known Iowa organization, GreatAmerica Finan-cial Services located in Cedar Rapids, seeking Senior Accountant. Responsibili-ties: assisting with the external audit, software upgrades, and reviewing work of accounting team members. Position requirements: BA/BS in Accounting, 3+ years’ experience, CPA, and strong finan-cial reporting/analysis skills. Experience in public accounting, budgeting, and ad-vanced Microsoft Excel skills preferred. Apply at www.greatamerica.com.

SENIOR FINANCIAL ANALYST–GreatAmerica Financial Services in Cedar Rapids is seeking a Senior Financial Analyst. Responsibilities: financial modeling for internal and external audiences, develop complex financial models to evaluate strategic opportunities, lead aspects of 5-year financial planning and 12-month budget-ing processes, and analyze company performance. Position requirements: BA/BS in Accounting, Finance or related field, 4+ years’ experience analyzing business performance. CPA/MBA is a plus. Advanced Microsoft Excel skills pre-ferred. Apply at www.greatamerica.com.

CPA/CPA CANDIDATE–Kronlage & Olson PC is a family-friendly, local CPA firm located in Charles City, Iowa, America’s Hometown. We recently purchased another practice and are in need of additional professional staff. The candidate will have 1-4 years of public accounting experience in income tax and auditing. Governmental auditing and QuickBooks experience will be helpful, as well as strong verbal and written com-munications, independence and self-mo-tivation. Responsibilities include prepar-ing individual and business income tax returns, client write-up and governmental and non-profit audits and reviews. Our firm supports your personal family life and your involvement in outside activi-ties and organizations in a family-ori-ented community. We offer competitive compensation, benefits, and continued professional growth. For immediate consideration for this career opportunity, please forward your cover letter and resume to: Douglas E. Kronlage, CPA, Kronlage & Olson PC, 117 N Jackson St, Charles City, IA 50616-2036 or email: [email protected].

Page 7: Iowa CPA - June 2014

www.iacpa.org Iowa CPA | June 2014 | 7

New Members

Holly AdamsFBL Financial Group Inc

West Des MoinesMatt J. Allbee

Deloitte & Touche LLPDes Moines

Scott I. CochranOAE Inc dba Muscatine Tax

ServiceMuscatine

Amy M. CooneyPrincipal Financial Group

Des MoinesJaime J. Curtin

Swiss Valley Farms CooperativeDavenport

Rick J. DobeshRoth & Company PC

Des MoinesNataliya M. FeledyErnst & Young LLP

Des MoinesAndrew Herman

ITS IncJohnston

Abby HoodMcGowen Hurst Clark &

Smith PCWest Des Moines

Samuel J. JohnsonRegional Transit Authority/

RIDESSpencer

Wesley A. LargeKiesling Associates LLP

West Des MoinesRick S. Meyer

AlliantgroupChicago

Blake M. MillerRyun Givens & Company

PLCUrbandale

Aaron E. OlsonT P Anderson Company PC

HumboldtJacqueline L. Pullen

Businessolver IncWest Des MoinesMorey J. Schaefer

Denman & Company LLPWest Des MoinesAmy C. Schwartz

Availon IncGrimes

Aaron SeePriceWaterhouseCoopers

LLPDes Moines

Brandon J. SohlHogan-Hansen PC

Mason CityGayna L. Stadelman

DavenportTim R. Stiles

City of West Des MoinesWest Des MoinesCarrie L. Stoehr

Gosling & Company PCWaverly

Joshua J. TeutDutton & Associates PC

OmahaMichael Yung

Ernst & Young LLPDes Moines

Professional Affiliates:Whitney M. Berrett

FBL Financial Group IncWest Des Moines

Jennifer E. PenningHogan-Hansen PC

AlgonaExam-Qualified Affiliates:

Abigail DoddsFBL Financial Group Inc

West Des MoinesHannah C. Downing

Principal Financial GroupDes Moines

Barry E. FirmanRyun Givens & Company

PLCUrbandale

Markly A. HaismanRenner & Birchem PC

BrittLisa M. HellbergHogan-Hansen PC

Mason CityAnton C. Krebebach

Murphy Smith & Co PLLCOsage

Ryan J. LoobyBrooks Lodden PCWest Des Moines

Michael RubelMcGladrey LLP

DubuqueKimberly A. SettlesMenke & Company

West PointMegan L. ThurnauHogan-Hansen PC

Mason CityAdam M. VenHuizen

Brooks Lodden PCWest Des Moines

Matthew W. WaltersMcGladrey LLP

Iowa City

Student AffiliatesDrake University

Rick Kievits

The Society offers condolences to the family of:

Brant W. Bruhn, Muscatine, CPA certificate No. 8755. Brant was a member since 1994.

In Remembrance

Gardiner Thomsen CPAs is celebrat-ing its 50th anniversary in 2014. The Des Moines CPA firm has loca-tions in Charles City, Lincoln, Neb. and Sioux Falls, S.D.

Denise M. Sebek has joined Schmid Macklin & Associates PC, West Des Moines, as a staff accountant.

Heidi J. Watkins has joined Des Moines Performing Arts as finance director and controller.

Members in the NewsISCPA members can now save 25 to 37 percent on admission to Adventureland. Visit the Adventureland Discount page under “Members” at www.iacpa.org to find out how.

2014 Iowa CPA Golf Classic(formerly known as the Central Iowa Chapter Golf Outing)

June 10, 2014Copper Creek Golf Club, Pleasant HillAll ISCPA members and guests welcome.Registration available at www.iacpa.org.

Page 8: Iowa CPA - June 2014

8 | Iowa CPA | June 2014 www.iacpa.org

What’s Your Farm Worth?

Jim RothermichCertified General Appraiser

and Real Estate Agent:Iowa, Illinois, Minnesota,

Missouri, South Dakota

West Des Moines, Iowa1-800-798-4509 or (515) 493-9865

[email protected]

As part of the nation’s leading agricultural services company, I have the resources to

answer this question for you.Call me today!

www.FarmersNational.comReal Estate Sales • Auctions • Farm and Ranch Management

Appraisal • Insurance • Consultation • Oil and Gas Management Forest Resource • Management • National Hunting Leases

Lake Management • FNC Ag Stock

News you can use

Iowa CPAs visit ISU

ISCPA traveled to Iowa State Uni-versity April 24 to meet with nearly 100 accounting students. A panel

featured Q&A about the CPA exam, career opportunities as a CPA, benefits of networking and free ISCPA student

membership. This is the last in a series of college visits by ISCPA for the 2013-14 school year. Future dates will be scheduled for next year. Please contact [email protected] if you know of events at Iowa colleges we can be part of.

Panelists take questions from students

ISCPA member panelists l to r: Mike Beals, audit senior, Deloitte & Touche

LLP, Des Moines; Abby Croll, tax manager, Roth & Company PC, Des

Moines; Mike Scheuermann, partner, Henkel & Associates PC, Boone; and panel moderator Taylor White. (Not

shown: panelist Mary Mosiman, auditor of state, Office of Auditor of State, Des

Moines)

Renew your CPA license by June 30

ISCPA members are reminded to renew your license online at www.licensediniowa.gov or by mail. Ad-

ditional information can be found at www.state.ia.us/government/com/prof/account/home.html. Questions should be directed to the Iowa Accountancy Ex-amining Board (IAEB) at 515-725-9022.

LEAP Lunch with Leaders

Grab a bite and make the most of your lunch break during these 90 minute sessions offering life,

community and career advice.

June 20 – “The Attributes of Good Leadership”, Suku Radia, president & CEO, Bankers Trust, Des Moines

July 11 – “The Power of Cultivat-ing Business Relationships”, Steve

Zumbach, partner, Belin McCormick PC, Des Moines

TBD – Chris Diebel, managing director, LPCA Public Strategies, Des Moines

We are seeking speakers in the Sioux City and Cedar Rapids areas for Lunch with Leaders. Please contact Katie Shields at [email protected] or 515-223-8161 if you have a leader you’d like us to contact.

NEW EVENT! Emerging Leaders Conference – Aug. 6

This event for members 40 and un-der features sessions on leader-ship, creativity, social media and

generational differences in the work-place, followed by a networking happy hour. Space is limited to 40 members so reserve your spot today!

For more information, visit the LEAP Emerging Professionals page in the

“About ISCPA” section of www.iacpa.org, or visit www.iacpa.org/AboutISCPA/AboutLEAP.aspx.

Regional alliance events scheduled

Members across the state are encouraged to attend Regional alliance event in your area.

Hear from various guest speakers, learn the latest professional issues from ISCPA CEO Cindy Adams, get technology updates, and enjoy social networking and activities.

Sept. 23 – Des Moines (Central)Sept. 24 – Storm Lake (Northwest)Sept. 25 – Waterloo (Northeast)Sept. 30 – Swisher (Southeast)Oct. 2 – Carroll (Southwest)

For more details, visit the Regional Alli-ances page in the “About ISCPA” section of www.iacpa.org, or visit www.iacpa.org/AboutISCPA/RegionalAlliances.aspx.

Page 9: Iowa CPA - June 2014

www.iacpa.org Iowa CPA | June 2014 | 9

News you can use Educator’s insight on future CPAsEditor’s note: Our series of interviews with Iowa CPAs employed at Iowa col-leges across the state continues. This month we visited with Iowa State Uni-versity Lecturer of Accounting Michael Bootsma about his career and passion for the profession.

Who influenced you to study account-ing?The only business class my high school had was accounting. I was excited to learn more about business so I took the class and it made sense to me. As part of the class, an accountant came to my high school and discussed being a CPA. I still didn’t know exactly what I wanted to do when I went to college. I even asked an advisor about being a police officer!

Where did you go to school?I started at Iowa Lakes Community College. It was a fantastic value, and there was a great accounting instruc-tor named Lecia Berven who really encouraged me and helped me achieve success. I transferred to Iowa State and was interested in finance. I believed I could get good grades in accounting, so I double majored.

How did you decide to combine a law degree and CPA license?The only job I was excited about dur-ing my senior year was a job at Arthur Andersen. Luckily, that did not work out as the firm imploded a few months later. I had taken the LSAT and done well, so I decided that was a sign I should go to law school. After the first year of law classes, there were warnings that

it might be hard to find employment in the legal field. I decided to get my CPA license, which I thought would help me get interviews with law firms.

Tell us about your path from law school to teaching?I taught part time at Kirkwood Com-munity College in Iowa City during law school and really enjoyed it. After law school, I went to work for AEGON in their tax department. In 2009, a full-time job opened up teaching accounting at Kirkwood’s branch in Iowa City. I was hired and really enjoyed the atmosphere of Kirkwood. Later, after duping a young lady from Des Moines into agreeing to marry me, I was considering employ-ment in the Des Moines area. A job was open at Iowa State University, so I put in my application. I was hired and I have enjoyed being back at ISU immensely.

What will this generation bring to the workforce?An ability to quickly understand and adapt to technology and change. They use a new app every week on their phone, so they are flexible with change and seem to welcome it. Another inter-esting observation is that these students are used to, and understand, the pos-sibilities and value of marketing because of the digital and social media world.

What challenges might they have starting in the workforce?Their perception could be skewed on what they will be paid starting out and what their benefits will be. In the fast paced world of technology, some

students believe there lots of big-paying jobs just a click away. However, the job application process is still quite arduous and big salaries generally come after experience. In addition, new graduates are so savvy with technology, some may discount co-workers a bit if they don’t know what Facebook, Twitter, LinkedIn, Instagram, Snapchat or Vine is.

Any advice for people who manage new CPAs?A lot of us were raised in a different time with a different parenting ap-proach. As a teacher I try to be as positive and motivational as I can. In addition, new graduates are used to solving problems quickly. I would spend some time explaining your expectations and reassuring new hires that things will be challenging at first, but with some ef-fort, efficiency and success will come.

Thank you for being an active member of ISCPA. What’s in it for you?Being part of ISCPA allows me to catch up with folks that I worked with in the past. I also get to meet new individu-als who are doing great things in the business community. I am always excited about who I have met when I leave an ISCPA event. Our Society also allows me find out about changes in the profession and obtain my continuing education. Finally, some people may not understand the public wouldn’t have the view of CPAs that they do without the IS-CPA. A lot of the high public perception has to do with the brand image that was created through our organization.

A closer look at ISCPA member Michael Bootsma, lecturer of accounting, Iowa State University

• Grew up in Sanborn, Iowa• BS accounting and finance, Iowa

State University, 2002• Juris Doctorate, University of Iowa• Member of ISCPA since 2004• ISCPA volunteer history:

▫ Career Awareness Committee 2006-09 ▫ Taxation Committee 2009-10

▫ Public & Profes-sional Relations Committee 2011–current ▫ Legislation Committee 2014 – present

• Interests: Writing a text book (current priority), being outdoors, swimming and boating

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