**[SEMINAR]{.underline}**

**Creating a Business Plan & Valuing a Business **(Morning), and** Hot
Topics in Accounting **(Afternoon)

IMA: Helping Finance/Accounting Professionals provide Value and be
Critical Members of their Mgmt Teams

SPONSORED BY

**Eastern Washington's Chapter of the Institute of Management
Accountants (IMA)**

**8 hours of Continuing Professional Education Credits**

Tuesday, **[December 11]{.underline}**, 2007

**Clarion Hotel and Conf Ctr**, 1515 George Washington Way,
**Richland**, WA (phone 509-946-4121)

\$60 hotel room/night

**[SPEAKER]{.underline}**: **Michael McLean**, **CFE, CGFM, CITP, CMA,
CPA** is an entrepreneur, educator, and business valuator. He is
currently an adjunct instructor at the Oregon Health and Science
University's Oregon Graduate Institute, where he teaches finance and
accounting. Mr. McLean's business experience spans 30 years of running
troubled businesses, with 15 successful turnarounds, and 35 years of
Controllership and CFO experience, both contractor to the federal
government & commercial companies. Mr. McLean has been an instructor in
IMA's REAP program since its inception, and he ran a successful CMA/CFM
review course that was offered in 26 cities twice a year in the 1980's
and 1990's.

+----------+-----------------------------------------------------------+
| 7 am     | **Registration, Full Breakfast, network/socialize**       |
+----------+-----------------------------------------------------------+
| 8 am     | **Creating a Useful Business Plan**                       |
|          |                                                           |
|          | ![](media/image1.wmf)                                     |
|          |                                                           |
|          | Bring your own lap top or sit by someone who has one,     |
|          | as this is a \"hands-on\" lab where we are providing a    |
|          | "clean"/Excel-based/freeware program and learn how to use |
|          | it for budgeting if nothing else.  Learn how finance      |
|          | types, including Venture Capitals, evaluate business      |
|          | plans, and how to avoid financing traps.                  |
+----------+-----------------------------------------------------------+
| 10:20 am | **Business Valuation**                                    |
|          |                                                           |
|          | ![](media/image2.wmf)                                     |
|          |                                                           |
|          | What do the experts really use to \"value\" a biz, and    |
|          | what price to ask or pay when buying/selling an interest  |
|          | in or a whole biz unit. There are 16 "common" business    |
|          | valuation measures however only one or two are most often |
|          | employed, learn why.  These valuation methods provide the |
|          | "value" driving mergers & acquisitions.  Logic of LLPs in |
|          | new DOE contract awards.                                  |
+----------+-----------------------------------------------------------+
| 12/noon  | **Buffet lunch (pool side w/3 entrees)**                  |
+----------+-----------------------------------------------------------+
| 1 pm     | **Refresher on Financial Statement Analysis, and Mgmt     |
|          | Reporting** - How to quickly analyze financial            |
|          | statements.  How Cash Flow analysis would have/should     |
|          | have highlighted Enron problems well in advance.          |
|          | Management reports that are quick and easy for            |
|          | finance/accounting professionals to prepare and           |
|          | management to review.                                     |
+----------+-----------------------------------------------------------+
| 2:30 pm  | **Outside Accounting Firm\'s New \"Kiss of Death\"** -    |
|          | Going-Concern opinion is now required for reviewed and    |
|          | compiled statements.  How to check analytical review      |
|          | numbers to make sure you\'re not going to get the dreaded |
|          | opinion. If you\'re a practitioner you\'ll also like this |
|          | section.                                                  |
+----------+-----------------------------------------------------------+
| 3:30 pm  | **New Statements on Auditing Stds**                       |
|          |                                                           |
|          | ![](media/image3.wmf)                                     |
|          |                                                           |
|          | Overview of all SASs in effect, with emphasis on newer    |
|          | guidance like SAS 99 and FISMA 2002 the "brainstorming"   |
|          | sessions now required, and how the Federal Information    |
|          | Security Act 2002 enters into the equation. Audit         |
|          | documentation requirements of SAS 103, what a control     |
|          | deficiency is from SAS 112, and more.                     |
+----------+-----------------------------------------------------------+
| 4:30 pm  | **Forum Discussion/Closure**                              |
+----------+-----------------------------------------------------------+

**Breaks**: 25 minutes in morning + 25 minutes in afternoon.

Questions & additional information, contact **Peter Smith** (509)
**376-4673** or [**peter.smith@pnl.gov**](mailto:peter.smith@pnl.gov)

**[REGISTRATION FORM]{.underline}** (Register by 12-4-07):

IMA/IIA Member: \$200

Non-Member: \$250 (w/\$50 discount on IMA membership if join within 30
days)

Student IMA Member: \$75

Student Non-IMA member: \$125

[Half day (w/ lunch): \$150 member, \$200 non-member, \$50 student
member, \$100 student non-member]{.underline}

Payable to: **Institute of Management Accountants**

Mail to: IMA Seminar, P.O. Box 457, Richland, WA 99352

Name w/certifications:
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Telephone: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Company:
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E-mail:\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Address:
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If paying w/**VISA** or **Master Card**, call **Greg Selby**
509-**376-6041**, e-mail:
[**Greg.Selby@Fluor.com**](mailto:Greg.Selby@Fluor.com)

VISA or Master Card Provider, Number and Expiration Month/Year:
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