Transitioning Across the Accountancy Profession

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Transitioning Across the Accountancy Profession

• Kim R. Wallin CMA, CFM, CPA
• Nevada State Controller

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Transitioning Across the Profession

• IMAs Role in My Career
• Evolution of My Career
• Life on the Campaign Trail
• Bringing Business Processes to Government

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Benefits of Being an IMA Member

• Removes Fear of Public Speaking
• Leadership
• CMA Certification
• Management Accounting Skills

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My Career

• Started as a CPA
• Lots of Audit Work
• Opened Own Firm 1984
• Began Doing Management Accounting Work
• Became a CMA

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Why Did I Run?

• New Challenge
• Nevada Needed a Management Accounting Professional

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Life on the Campaign Trail
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Elko, Nevada Labor Day
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Lots of Talking
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Lots of Pancake Breakfasts
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Pahrump Harvest Festival
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President Clinton
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First 171 Days

• Learning Curve
• Disconnects
• Putting Control Back in the Office

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What Does the Controller Do?

• Administers the States Accounting System
• Oversees Annual Audit
• Settles All Claims
• Payroll
• Debt Collection

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Debt Collection

• Debt Turnover is Voluntary
• Average Age of Debts Turned Over 210
• Some Over 6,000 Days
• Average Amount Collected 3
• No Centralized Data Base of Accounts Receivables

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Budget Office

• Analyze the Numbers
• Is the State Short of Money Have 1 billion in
  the General Fund

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Disaster Recovery

• Not Geographically Dispersed
• States IT Department Plan Costs 1 Million
  More

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Performance Management

• Lack of Meaningful Performance Measures
• Legislature Wanted to Standardize All Measures
• Benchmarking
• 46 More FTEs in Finance Function
• Over 61 Are In Transaction Processing

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Examples of Performance Measures

• Public Works
• Internal Audit

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What The Controllers Office is Doing to Improve
Performance

• Working with Agencies to Develop Meaningful
  Measures
• Looking at Processes and How to Improve
• Looking at Using XBRL

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Performance Measures in Our Own Office

• Examining All of Our Processes
• Invite Other Agencies to Give Feedback
• Hard to Think Out of the Box
• Staff is Struggling

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Bringing Business Processes to Government is the
Only Way to Eliminate Waste and Inefficiency

• kwallin_at_govmail.state.nv.us
• http//controller.nv.gov