AICC To Offer Hybrid Event: Financial Reporting, Analytics For Converters AICC, The Independent Packaging Association, has opened registration for Financial Reporting and Analytics for Converters: Level 1, a new hybrid event to be held November 17-19, 2020. Attendees will learn to hone financial reporting systems and create meaningful performance measurements for their converting businesses. They will also get actionable ideas about how to streamline accounting and reporting systems. Attendees will also learn how to accurately inte- grate time, efficiency, and other key performance indica- tors into financial data. Taught by Mitch Klingher, a partner at the CPA firm of Klingher Nadler, LLP, this course will use a case study of a fictional company, ABC Sheet Plant, Inc., to allow at-
tendees to learn using realistic examples and problems. This method helps participants to understand the con- cepts better and immediately implement them in their own company. The first day will introduce attendees to the fictional company through a variety of reports and company infor- mation. They will then critique the information presented and to discuss potential alternatives. The second day brings a discussion of profit centers and cost centers. Attendees will review the “company’s” estimating system design and reporting and see how they correlate to the financial reporting. They will then formulate alternative reporting strategies and methods. On the last day, attendees will participate in the pre- sentation and critique of ABC’s alternative reporting sys- tems and discuss what is possible with the data available. The hybrid event will conclude with the steps that might be taken to augment or improve this information.
At Klingher Nadler, Mitch Klingher heads up the firm’s tax and consulting de- partments. With over 30 years of diversi- fied public accounting experience, Kling- her specializes in paper conversion and packaging businesses and has developed industry-specific financial courses, in con- junction with AICC, for owners, controllers, and other managers. He has written nu- merous papers for trade publications and is a regular speaker at regional and nation- al meetings. He also facilitates a number of AICC CEO Groups. Registration for Financial Reporting and Analytics for Converters: Level 1 is $795 for members. For more information and to register, visit www.AICCbox.org/Calendar . Questions can be directed to Taryn Pyle, at tpyle@aiccbox.org or (703) 836-2422. IP Declares Dividend Memphis, Tennessee based International Paper (IP) last week declared a quarterly dividend of $0.5125 per share for the peri- od from October 1, 2020, to December 31, 2020, inclusive, on its common stock, par value $1.00. This dividend is payable on December 15, 2020, to holders of record at the close of business on November 16, 2020. The company also declared a reg- ular quarterly dividend of $1.00 per share for the period from October 1, 2020, to De- cember 31, 2020, inclusive, on the cumula- tive $4.00 preferred stock of the company. This dividend is also payable on December 15, 2020, to holders of record at the close of business on November 16, 2020.
Industry4.0@cambrica.com
John Kelley President at Dusobox We have achieved 98% machine availability, and significantly reduced machinery downtime from days to minutes. We have been able to maintain such reliability at a cost of 4% of net replacement value; much lower than expected for professionally managed assets and more.
Watch testimony at: www.cambrica.com
Cambrica Corp. implements all technical solutions with minimal physical presence at the customer site and complies strictly with all guidelines issued by the CDC and all local ordinances.
Call to setup a trial 407-978-9862
18
www.boardconvertingnews.com
October 19, 2020
Made with FlippingBook HTML5