The IT Financial Management profession was founded when the IT Financial Management Association (ITFMA) was established in 1988. For the first time, there was a source of relevant literature, extensive educational programs, and a network of financial specialists to address IT financial management. ITFMA is the only association dedicated to standardizing the principles and practices related to the financial disciplines and tools used to financially manage Information Technology (IT) organizations. ITFMA is the national leader in the education of IT financial management professionals and the only provider of certification in the various financial disciplines of IT financial management. Our "Journal of IT Financial Management" is the only magazine devoted to this field and this website is the only site focused on education, research and publications in this field.

Upcoming Events

To celebrate ITFMA's 21st anniversary, two outstanding locations have been chosen as the sites for our 2008 programs. Both hotels are National Historic Landmarks with museum quality architecture and furnishings. ITFMA's World of IT Financial Management® Conferences is at the Historic Menger Hotel in San Antonio, TX on March 10-14, 2008 and offers these four concurrently held conferences:

• IT Financial Management for Controllers and CFOs Conference  
• IT Asset Management Conference  
• Government IT Financial Management Conference  
• IT Performance Management & Benchmarking Conference  

For details about this March 2008 San Antonio Program, click on "Conferences" in the upper left margin of this home page.

ITFMA's Financial World of Information Technology® Conferences is just 45-minutes from Disneyland at the Historic Mission Inn Hotel & Spa in Riverside, CA on June 2-6, 2008 and offers these four concurrently held conferences:

• IT Chargeback & Activity Based Cost Management Conference
• IT Expense & Asset Management Conference
• ITIL Financial Management Conference
• IT Telecommunication Financial Management Conference

For details about this June 2008 Riverside Program, click on "Conferences" in the upper left margin of this home page.

 

The Menger Hotel

Mission Inn & Spa

                    

What's New

Ghost Sightings at March '08 Conference Hotel. The hotel, built in 1859, is San Antonio's vault for vanquished spirits, with at least 32 different apparitions. Among them is a maid, Sally White, murdered by her husband and has seen walking in the corridors. She is clad in an old, long gray skirt with a  bandana around her forehead and carrying towels which she never delivers. Captain Richard King, founder of the King Ranch, appears entering his room, the King Suite. A figure of a man clad in a buckskin jacket and gray trousers appears by a bed and asking someone in the room "Are you gonna stay or are you gonna go?" three times. A lady sits knitting in the lobby and wears a blue dress and a beret with a tassel. An employee asks" "Are you comfortable…may I get you something?" The lady replies "no" in an unfriendly tone and disappears. Why the Menger for these supernatural escapades? The hotel is just steps from the Alamo so the land lends itself to folklore. But like all tourists resting their heads in the hotel, these souls are harmless.

ITIL Financial Management Conference. Due to the increasing popularity and relevance of ITIL to IT Financial Management, ITFMA will conduct its inaugural educational program on ITIL Financial Management at their June 2008 multi-conference program in Riverside, CA. The Telecom Financial Management Conference will be changed from three days to two days to make room for the scheduled one day conference on ITIL Financial Management. In addition, there will be several half-day seminars that will cover ITIL financial management standards, procedures, issues and solutions.

Evening Program at June '08 Conferences. For the first time, those registered to attend seminars on Monday-Tuesday, June 2-3 at the Riverside, CA conference program will have the opportunity to sign-up for a special evening program of additional education and peer networking opportunities. The cost per day will be $150 for seminar registrants. Spouses/children are invited to attend the dinner/social hours for $75 per person. The 6-hour evening program begins with a 3-hour seminar at 4:00p.m., followed by a hosted bar social hour, followed by a lavish buffet dinner, followed by a final hosted bar social hour.

Menger Hotel: March 2008 Conference Site. The Historic Menger Hotel is a national historic landmark. It was established in 1859 and is San Antonio's most historic hotel. This well-maintained 148-year-old property is the oldest continually operating hotel west of the Mississippi, and it truly captures the vivaciousness of this city more than any other one. Traditional architecture and décor combined with talk of its own ghost make this a favorite choice of loyal patrons who appreciate the superb location and historical flavor. It is only half a block from The Alamo, across the street from Alamo Plaza, and a block from the River Walk and the River Center Mall (130 shops). History buffs will find the most enjoyment here, with period appointments and even attire reenactments part of the scene. Public areas here are the real charmers.

The hotel's classical design is attributed to John Fries, San Antonio's first architect of note, who is credited with repairing the shattered ruin of the Alamo in 1850. The main building is graced with ornate wrought-iron galleries and striped awnings and is linked to a modern, balconied five-story addition. The original entrance off the Plaza has beautiful leaded glass panels flanking the old brass doors. The 3-story Victorian lobby is the original 1859 lobby of the Menger. This anachronistic lobby looks as it did in the filming of the 1956 movie "Giant" with Rock Hudson, Elizabeth Taylor and James Dean, displaying Corinthian columns, marble floors topped with a glorious Oriental rug, antique furnishings, carved ceilings, a green marble fireplace, grand piano, potted palms, relaxing classical music in the background, and period sitting areas graced with tapestries and priceless antique accents and paintings. Many pieces of furniture are believed to have been purchased by William Menger in the 1860s. Many hallways are museum-like, graced with pre-1900 black-and-white photos. The famous Colonial Room Restaurant reflects charming Greek Revival décor and offers breakfast and lunch buffets. Among the celebrities who have dined here are Presidents Grant and McKinley, General Robert E. Lee, and French actress Sarah Bernhardt. The Menger's famous mango ice cream has remained on the menu for over 100 years. The historic bi-level Menger Bar is a replica of the House of Lords Pub in London with its paneled ceiling of cherrywood, booths and beveled mirrors from France. It was in this bar in 1898 that Teddy Roosevelt recruited many of his Rough Riders, the first American volunteer cavalry that fought in the Spanish-American War. Specialties of the bar include mint juleps served in silver tumblers and hot rum toddies. White rockers line the fountained courtyard, where lovely gardens provide shade and relaxation around the largest heated plunge pool. Dine in this lush tropical courtyard where Oscar Wilde strolled in 1882. The modest spa offers a fitness center, sauna, steam room, whirlpool, solarium, massage and herbal wraps.  

All guest rooms have free high-speed Internet access and there is wireless access in the lobby area. You have a choice of sleeping rooms in the old or new sections of the hotel. The 154 units in the old Victorian section are small but have high ceilings. They are appointed with traditional pieces, assorted antiques, and high canopied and two-poster beds. Pedestal sinks stand in tiled baths and suites have French doors that open to covered wrought-iron balconies. Rooms in the newer wing are considerably larger and more contemporary, with two double or twin beds in most and functional combination baths. Many of these on the top floors have been updated with new carpets, tiles and baths, as well as some furniture replacements, and these should be requested if available. Rooms facing the Alamo and balconied rooms facing the courtyard cost no more than others and can be requested. Read more about the Menger Hotel at www.mengerhotel.com.

Mission Inn Hotel & Spa: June 2008 Conference Site. The Historic Mission Inn & Spa is a national historic and architectural landmark, occupying an entire city square block in the heart of downtown Riverside, CA and just 45-minutes from Disneyland. The Inn began as a 12-room adobe boarding house in 1876. In 1902 it was expanded to a 4-story U-shaped hotel enclosing a large central courtyard. Over the next 30 years, three more wings were added. Unique architectural sections of the hotel include the large Music Room, the Catacombs with its niches and chambers, the Spanish Patio reminiscent of Spanish castle courtyards, the Spanish Art Gallery, Author's Row suites, the Rotunda Wing featuring an open-air 5-story spiral staircase, the Galleria Art Gallery, the Famous Flyers Wall (a monument to pioneers in aviation), the St. Francis Chapel with seven impressive Tiffany stained glass windows, and the Court of the Orient. Many of these unique areas will be used for our meeting rooms and evening receptions during the June seminars and conferences. It will be the first time that you will be attending classes and surrounded by priceless paintings, statuary, tapestries and antique accents. So bring your camera because your colleagues back at work will not believe your description of your experiences and this unforgettable collection of arcades and gardens, turrets and domes, flying buttresses and spiraling staircases, catacombs and carillon towers. The hotel is also about fine art and Spanish cannons, stained glass and ceramic tile, saints and dragons, bells and wrought iron. Within the hotel is the Mission Inn Museum featuring permanent exhibits from the Mission Inn Collection as well as frequent temporary exhibits.

Guest rooms have Internet access and wireless access is available in the lobby and by the pool. Famous hotel visitors have included President Theodore Roosevelt, Andrew Carnegie, Sarah Bernhardt, and members of the royal houses of Sweden, Russia and Japan. The hotel offers complimentary round-trip shuttle service from the Ontario International Airport, 18 miles from the hotel. Read more about the Mission Inn & Spa at www.missioninn.com.

ITFMA 2007 Education Certificate Awards. ITFMA is proud to award the following individuals their FMA, FMC and AM certificates upon completion of their required educational curriculum in 2007. They join a select group of individuals who have earned the only recognized certification available to IT financial management professionals. We wish them continued success in all of their future endeavors and the pursuit of advanced certificates. As Carol Orlock said: "The more we know, the more we want to know; when we know enough, we know how much we don't know." 

Financial Management Accounting Certificate–300 Hours
Jim Marshall, System Software Engineer, U.S. Office of Personnel Management

Financial Management Controllership Certificate–180 Hours
Mark Pringle, Managing Consultant, IBM Corporation

Financial Management Accounting Certificate–120 Hours
Carol Fitzgerald, Project Analyst, Providence Health & Services

Financial Management Controllership Certificate–120 Hours
Stephen Duch, IS Financial Manager, Memorial Sloan – Kettering Cancer Center
Karen Mason, Controller, HCA–Information Technology & Services

Financial Management Accounting Certificate–60 Hours
Chris Apple, Administrative Officer, State of Nevada
Ricky Churchman, Business Operations Senior Manager, Lockheed Martin Info. Tech.
Sandra George, Program Analyst, Bureau of the Public Department
Jon Hill, Systems & Services Acquisition Coordinator, State of Minnesota
Peter Lundberg, Fiscal Analyst, State of Oregon
Deborah Zellner, Principal Accountant, Riverside County

Financial Management Controllership Certificate–60 Hours
Denis Desharnais, Director, Business Management Services, Industry Canada
Herbert Elkin, Director for Finance, U.S. Naval Academy
Karsten Kleinpeter, Manager, IT Finance, Projects & Administration, QAD
Regina Rudkin, Administrative Associate II, University of Missouri
Ralph Rusiecki, Vice President, JP Morgan Chase & Co.

IT Asset Management Certificate–60 Hours
David Bullock, Chief, IT Plans & Programs, U.S. Department of Interior
Kay Gonzalez, IT Hardware Asset Manager, Siemens IT Solutions & Services, Inc.

2007 Corporate Membership Recognition. Much of the credit for ITFMA's success over the past 20 years has been due to the support provided by our corporate members. ITFMA extends a sincere "Thank you" to the following organizations for their corporate memberships in 2007, and we hope you will continue your invaluable support in the future.

* Corporate members for 5 years or more

ITFMA Highlights

Conference Money Back Guarantee. You will not find another IT financial program in 2008 that beats ITFMA's conference value-to-price ratio. If you find another four or five day conference focused on the same IT financial disciplines with more renowned speakers, breadth and depth of material, number of presentations, networking opportunities, and for such reasonable registration fees in 2008, ITFMA will gladly refund your ITFMA conference registration fee.

Conference Features. These are some of the unique benefits from attending our 2008 conference programs:
 • Week long 5-day IT financial management programs – only at ITFMA
 • Three and four concurrent conferences for the price of one
 • 100 to 115 hours of educational presentations
 • 20 hours of peer networking at breakfasts, breaks, lunches, and cocktail receptions
 • Receive handouts for all seminars and conferences held each day you are registered
    to attend so you can attend any of the 100 to 115 sessions of your choice
 • 33-39 hours of continuing education for CPA, CMA, CIA, CISA & ITFMA  certification
 • Normally 90% of the speakers are financial and corporate executives and managers
 • Presentations by all of the recipients of the ITFMA Decade of Contribution Award
 • Many of the sessions address best practices and are presented by leading experts
 • All lunches are buffets to meet your individual dietary requirements and appetite
 • Drawings to win free passes to ITFMA 2009 conferences
 • You will not find another IT financial program in 2008 that beats ITFMA's conference
    value-to-price ratio

Conference Discounts. ITFMA will be offering 20-40% discounts (up to $1,000) for early 2008 registrations in addition to their normal 10-20% group discounts for two or more registrants from the same organization. Speaking of the cost of education, Derek Bok said: "If you think education is expensive, try ignorance."

Free Conference Passes. By attending the last session at any ITFMA conference in 2008, you can win one of at least seven free passes to any of our 3-day conferences in 2009. The following lucky winners in the drawings at this year's ITFMA conferences received a pass to any 2008 ITFMA conference of their choice:

• Michael Blake, First Data Corporation
• Christine Daniel, Industry Canada
• Louis Gruninger, Blue Cross Blue Shield of Florida (two time winner)
• Karsten Kleinpeter, QAD
• Stephen Mendel, Kraft Foods
• Claudia Powell, American Electric Power
• Louise Sparks, The Coca-Cola Company
• Patricia Wagner, County of Monterey
• Marsha Watkins, Ohio State University

This was a new feature at our June 2006 conferences to reward those who see the value of attending the outstanding sessions typically scheduled on the last day of ITFMA conferences. Lucky attendees at each of the last sessions on the last day won a pass to attend the ITFMA program of their choice by having their 3-day conference registration fee waived – a minimum value of $1,300-$1,600. The pass is transferable to a colleague if the winner is not able to attend. Due to the popularity of the drawings, ITFMA will continued to issue free passes at every conference in the future.

Education Certification Program. ITFMA is the only organization to award certification for continuing education in the following areas of specialization through its Education Certification Program:
 • Government IT Financial Management Certificate
 • IT Asset Management Certificate
 • IT Chargeback and Activity Based Cost Management Certificate
 • IT Financial Management Accounting Certificate
 • IT Financial Management Controllership Certificate
 • IT Performance Management and Benchmarking Certificate
 • Telecommunication Financial Management Certificate 

 For more information, click on the "Certificate Program" button.

Available Books. ITFMA's four books published in 2004 are the latest publications addressing the wide variety of financial practices and procedures used in the financial management of IT organizations. The following books may be ordered by clicking on the "Order Books" button: