Wednesday 28 June 2017

Ken Kelly Named Chair of Maryland CPA Society Board

Kenneth Kelly, CPA, CGMA, former Senior Vice President and Comptroller of the S & P 500 McCormick and Company giant, has been appointed Chair of the Board of Directors 2017-18 of the Maryland Association of CPA.

Kelly was installed as president at the annual MACPA meeting on June 26th in Clarksville, Maryland. His term of office runs from July 1 to June 30, 2018. He succeeds Lisa Cines, CPA.

"I am incredibly honored and humbled to be named president of this incredible institution," said Kelly, currently a founding consultant at KK Advisory, LLC. "MACPA is one of the most advanced organizations I know, and my vision - to help accounting and finance professionals around the world become ready in the future - excites and energizes me. It's an exciting time to be a CPA, and I'm ready to set myself up and work. "

Kelly has been a strong supporter of the profession and a visionary for her future. He served on the Board of Directors which guided the recent joint venture between the American Institute of CPAs and the Certified Institute of Management Accountants. This joint venture resulted in the designation of the Certified General Accountant (CGMA).

He is also an Associate Member and Former Member of the Executive Committee of the Departmental Reporting Committee for Financial Executives International and is a Maryland Delegate to the AICPA Board of Directors. Prior to joining McCormick and Company, Kelly served as a controller for Fortune 500 Black & Decker.

"We are honored to have Ken at the top of our board," said Tom Hood, CPA, Managing Director of MACPA, CGMA. "He is a visionary in every sense of the word, and his experience as an architect of the future of our profession is a valuable asset to our association and the CPAs we serve. Have Ken on board. "

The complete list of MACPA administrators was also installed at the association's annual meeting on June 26th. These directors include:

  • Vice-president: Samantha Bowling, CPA, CGMA, partner, Garbelman Winslow CPA
  • Secretary / Treasurer: Ray Speciale, Esq., CPA, Associate Professor, Mount St. Mary's University
  • Past Chair: Lisa Cines, CPA, Director, Radius
  • Christine Aspell, CPA, Audit Partner, KPMG, LLP
  • Raj Bhaskar, founder and CEO of Hurdlr
  • Avonette Blanding, CPA, Chief Financial Officer, Maritime Applied Physics Corporation
  • Wallace Boston, Ed.D., CPA, CGMA, CMA, CEO, American Public Education, Inc.
  • Mark Cissell, CPA, CEO, President, Director, KatzAbosch
  • Robert Jirsa, CPA, Partner, RSM US LLP
  • Andrew Page, CPA, Vice-President and Corporate Controller, Under Armor
  • Keith Parker, CPA, financial advisor, Morgan Stanley ...

Tuesday 6 June 2017

Cima P1 Exam Question No 59

Question No 59:

If a traditional contribution approach is used, the ranking of products, in order of priority, for the profit maximising product mix will be:

A. D, E, F
B. E, D, F
C. F, D, E
D. D, F, E

Answer: C