John M. Brausch
Topic: Convergence? Haven't heard of it?
It will bite you soon!
GAAP is retiring. Will all you know become useless? SOX was a small change in policy when compared to what the FASB, SEC and IFRS have in store for you in 2008 when it comes to convergence.
John M. Brausch, CMA, CFM, CPA, has been named IMA Chair-Elect, which means he will become IMA Chair in 2009-10.
A finance and accounting professional with more than 25 years of experience, John has held a variety of financial jobs, such as controller at Canal Industries in Conway, S.C., and, most recently, vice president of shared services for CarrAmerica Realty in Washington, D.C.
Current chair of the Board of Regents of the Institute of Certified Management Accountants (ICMA®), John also has served as a regent and as a member of the Exam Review Committee. He earned his Certified Management Accountant (CMA®) credential in 1993 and his Certified Financial Manager (CFM®) designation in 2000. He became a Certified Public Accountant (CPA) in 1995.
A member of IMA’s Columbia Chapter, John joined the association in September 1987. Over the years he has been actively involved in IMA work, serving as an officer in several chapters and councils. In addition to the Columbia Chapter, he has been a member of the Greenville-Spartanburg; Missoula, MT; Charlotte; Piedmont-High Point; Greater Richmond; Georgetown-Myrtle Beach; and Nation’s Capital Chapters. As he climbed the corporate ladder, he lived in many places, so “I never was in any chapter long enough to become chapter president, but I held many VP and director jobs” such as director of manuscripts, director of meetings, VP of membership, and VP of finance. He served as treasurer of the Carolinas Council in 2000-01.
John also is a second-generation IMAer. His father (John Brausch) was a chapter and council president (Western Carolinas Chapter and Carolinas Council) in the 1960s and 1970s.
A member of the IMA National Board, John has served as chair of the Performance Oversight and Audit Committee and on the Governance Committee. As Chair-Elect, he will head the Planning and Development Committee and be a member of the Governance Committee.
John also is a prolific writer. He is the author of “Selling ABC,” “The Trials and Travails of State Tax Policy,” and “Who Is Accounting for the Cost of Capacity?” cowritten with Tom Taylor of Wake Forest University. He is also the author of “Beyond ABC: Target Costing for Profit Enhancement,” which won IMA’s Lybrand Bronze Medal for its outstanding contribution to accounting literature and which appeared in the November 1994 issue of Management Accounting (now Strategic Finance). This article was also selected by the International Federation of Accountants (IFAC) as an Article of Merit and is included in the book, Activity Based Management in Action. His work is also referenced in a Statement on Management Accounting (SMA) about activity-based costing from IMA and the Society of Management Accountants of Canada (now CMA Canada).
Although IMA takes up the bulk of his volunteer time, he has been active in several churches over the years. “I have enjoyed being in the church choir, teaching Sunday School, and even being a worship leader for a couple of years,” he says.
John holds a bachelor of business administration degree from The Citadel and an MBA degree from the University of Montana. John, his wife Pennie, and daughter Haley live in Columbia, S.C.
John is vice president–property operations controller for Edens & Avant, the largest private developer and owner of retail shopping centers in the United States. He joined Edens & Avant in August 2005 and is responsible for property- and joint-venture-level accounting for the company’s portfolio, which includes budgeting, lease accounting, financial reporting, and more.