© 2003 IBM Corporation IBM Accounting and Finance It’s Your Career – Capitalize on the...

© 2003 IBM Corporation

IBM Accounting and FinanceIt’s Your Career – Capitalize on the ChallengesIndiana University

Lorrie PateSeptember 9, 2004

IBM Accounting and Finance


What Do You Know About IBM?What Do You Know About IBM?

In what city & state is IBM's Headquarters?In what city & state is IBM's Headquarters?

How many people are employed by IBM?How many people are employed by IBM?

Who is IBM's current CEO?Who is IBM's current CEO?

Where is IBM's largest worldwide site located?Where is IBM's largest worldwide site located?

Who is IBM's external auditor?Who is IBM's external auditor?



How did you do?How did you do?

Headquartered in Armonk, NYHeadquartered in Armonk, NY319,000 employees worldwide319,000 employees worldwide

Samuel J. Palmisano - current CEOSamuel J. Palmisano - current CEO

Largest Worldwide Site: Raleigh/RTP Largest Worldwide Site: Raleigh/RTP

PWC is IBM's external auditorPWC is IBM's external auditor



Did You Know?Did You Know?

IBM has operations in approximately 170 countriesIBM has operations in approximately 170 countriesIBM is the 9th largest Fortune 500 company based IBM is the 9th largest Fortune 500 company based

on 2003 revenueson 2003 revenuesIBM is the world's largest information technology IBM is the world's largest information technology

company with 2003 revenues of $89Bcompany with 2003 revenues of $89BIBM invests more than $5B per year in R&DIBM invests more than $5B per year in R&DFor the eleventh consecutive year, IBM was the top

recipient of U.S. patents in 2003



IBM’s On Demand Commitment– Sam PalmisanoIBM’s On Demand Commitment– Sam Palmisano

“In the on demand era, the enterprises that thrive will be those which successfully achieve totally new levels of integration: of processes, applications and employees inside; of suppliers, distributors and customers outside. Make no mistake, this kind of integration is hard work, but the rewards are well worth the effort -- an enterprise that is responsive to changes in its environment, flexible in its operations, focused on its core competencies, and resilient to all manner of challenges and threats.

IBM has been a part of the IT industry from day one, and we’ve never been more optimistic about the future. We’ve committed our entire company -- the energies and expertise of our global workforce, our unmatched leadership in innovation, and the industry’s deepest portfolio of technical assets -- to helping our customers become on demand businesses. It's been a fascinating and rewarding journey. And the best is yet to come.”



Somers, NY PoughkeepsieEast Fishkill

Research Triangle Park, NC(Raleigh/Durham)

Austin, TX

San Jose, CA

Rochester, MN

Burlington, VT

Boulder, CO

Southbury, CT

IBM US Major SitesIBM US Major Sites

Atlanta



Finance – Multidimensional Expressions and Opportunities

Brands Corporate

Sales &DistributionAmericas/EMEA/AP

Brands

Global Services

Systems & Technology

GroupCorporate

SoftwareGroup

Global Financing

Personal SystemsGroup

EnterpriseOn

Demand



Finance – Multidimensional Expressions and Opportunities

Planning

PricingAccounting

Treasury and Tax

Internal Audit

BusinessDevelopment



Accounting OpportunitiesAccounting Opportunities

Accounting AnalysisAccounting Analysis

GeographyGeography

BrandBrand

CorporateCorporate

ConsolidationConsolidation

Financial statement componentsFinancial statement components•Revenue, Expense, Cost, Balance SheetRevenue, Expense, Cost, Balance Sheet



Accounting Opportunities (continued)Accounting Opportunities (continued)Financial SystemsFinancial Systems

General ledgerGeneral ledger

ConsolidationConsolidation

Fixed AssetsFixed Assets

Accounts payableAccounts payable

IntercompanyIntercompanyExternal ReportingExternal Reporting

10K, 10Q, Etc.10K, 10Q, Etc.

Annual ReportAnnual ReportAccounting PracticesAccounting Practices



Other Financial OpportunitiesOther Financial Opportunities

Pricing

– Establish pricing strategy to optimize IBM financial returns

– Perform in-depth investment analysis of complex business proposals

Treasury and Tax

– Capital Structure

– Financial Risk Management

– Debt and Capital Markets

– Intercompany Relationships

– Investor Relations

– Cash Management

– Retirement Funds



Other Financial OpportunitiesOther Financial Opportunities

Business Development

– Corporate

– Business Unit

Planning

– Measurements, Budgeting and Forecasting

– Operational Accounting

Internal Audit



Internal Audit

Cost Accounting Planning

Business Development

Pricing Tax

Financial Systems

TreasuryGlobal Financing

Financial Reporting

Accounting Analysis

Financial Career PathsFinancial Career PathsIBM = Opportunity!IBM = Opportunity!



Accounting Opportunities – LocationsAccounting Opportunities – Locations

In the USIn the US

New York/ConnecticutNew York/Connecticut•Somers and ArmonkSomers and Armonk

Consolidation, Geography HQ, Worldwide Brand, Consolidation, Geography HQ, Worldwide Brand, Corporate Headquarters Corporate Headquarters

•SouthburySouthbury

Intercompany, Financial IT Intercompany, Financial IT

Raleigh, North CarolinaRaleigh, North Carolina•US Accounting AnalysisUS Accounting Analysis•Fixed Assets and General Ledger SystemsFixed Assets and General Ledger Systems

VariousVarious•Cost Accounting (Plant sites)Cost Accounting (Plant sites)

• Non-USNon-US



IBM BenefitsIBM Benefits

401K Plan401K Plan - IBM matches $0.50 on the dollar up to 6 - IBM matches $0.50 on the dollar up to 6 percent - immediate eligibilitypercent - immediate eligibility

Dental/MedicalDental/Medical - An array of options tailored to your - An array of options tailored to your specific needsspecific needs

Time Off BenefitsTime Off Benefits - Vacations, Holidays, Leaves, - Vacations, Holidays, Leaves, Sickness...Sickness...

Tuition ReimbursementTuition Reimbursement - For Courses related to Current - For Courses related to Current Position or Part of Employee's Career DevelopmentPosition or Part of Employee's Career Development

Stock PurchaseStock Purchase - IBM employees pay 85 percent of - IBM employees pay 85 percent of market price for stockmarket price for stock



IBM Benefits continuedIBM Benefits continued

Employee Purchase ProgramEmployee Purchase Program - offers discounted prices - offers discounted prices on IBM productson IBM products

Flexible Work SchedulesFlexible Work Schedules - ability to work from home on - ability to work from home on occasionoccasion

IBM ClubIBM Club - offers low rates on Employee Fitness Center - offers low rates on Employee Fitness Center and reduced prices for local attractionsand reduced prices for local attractions



Beginning Your CareerBeginning Your Career

Local Next Step Program Local Next Step Program •Get acquainted with new hires in the areaGet acquainted with new hires in the area

Mentoring Mentoring •provided by experienced team member to provided by experienced team member to make the transition period easiermake the transition period easier

Education sessions Education sessions •for new hires in larger organizations provides for new hires in larger organizations provides excellent overview of the support you provideexcellent overview of the support you provide



Your CareerYour Career

Individual Development Plan allows you to plan Individual Development Plan allows you to plan short-term and long-term goalsshort-term and long-term goals

Frequent career information sessions provided Frequent career information sessions provided by IBM employees in other disciplinesby IBM employees in other disciplines

Numerous opportunities to both expand and Numerous opportunities to both expand and sharpen your skills in courses provided by IBM sharpen your skills in courses provided by IBM Global CampusGlobal Campus



My Career – Lorrie PateMy Career – Lorrie Pate

MAC 1998MAC 1998

5 years professional experience prior 5 years professional experience prior Internship with the FASB after graduationInternship with the FASB after graduation5 years with IBM in Raleigh5 years with IBM in Raleigh

•Fixed assets accounting for Microelectronics divisionFixed assets accounting for Microelectronics division•Centralization, Integrations and DivestituresCentralization, Integrations and Divestitures

•Facilitate for accounting and many other financial Facilitate for accounting and many other financial aspectsaspects

•Project management roleProject management role•Team member Team member Team Lead Team Lead Worldwide Lead Worldwide Lead

•Currently worldwide coordinator for Rational Currently worldwide coordinator for Rational acquisitionacquisition

•ManagerManager



Go to:Go to:

ibm.com/careersibm.com/careers

Want to learn more?Want to learn more?

© 2003 IBM Corporation IBM Accounting and Finance It’s Your Career – Capitalize on the...

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