CPE & Event Catalog

The interrelationship of health, happiness and financial well-being. Tax planning for health care costs. The failures and successes of the Affordable Care Act medical insurance terminology, alternatives and strategies for selecting the best option. The pros and cons of health savings accounts.

Negotiation.

Why great predictions are not intuitive but the result of critical thinking, gathering information and updating predictions when needed. How to separate correlation from causation. How to recognize and overcome bias. Who is Thomas Bayes and why he matters.

The shift to "predictive accounting" for Decision Making, Planning, and Budgeting. Problems with traditional annual budget processes. Develop a driver-based "operational budget" based on resource capacity planning. Classify resource capacities and their expenses as sunk, fixed, step-variable, and variable. Create closed loop capacity plans. Forecast demand for budgeting and rolling financial forecasts. Integrating enterprise risk management (ERM) with management accounting. Applying target costing for cost estimating.

Using Power Query to link data into Excel. Manipulating Excel data with data transformations. Creating data models using Power Query. Examples of common and useful transformations.

The importance of professional skepticism, especially when performing audit or other attest services. Specific fraud responsibilities in a financial statement audit. The varying levels of persuasiveness of evidence to support assurance conclusions or opinions.

Overview of the Form 990's design and goals in play upon the Core Form and tack-on Schedules. Address of the definition's key factors that make a third-party organization a "related organization." Exploring the definitions of parties who are to be disclosed as managers at Part VII-A and understanding what is the definition and measure of "reportable compensation." Working with the definitions of "family member" and "independence" as same are used in Parts VI and Schedule L. Applying the definition of "business relationship" as same is used in Part VI. Sequencing of the form's preparation tasks and who to go to for information. Working with the Board of Directors to have them understand what the completed Form 990 conveys to the public/regulators.

A taxonomy of accounting: tax, financial, managerial. A spectrum of direct and indirect absorption costing. Fact-based Data with Activity Based Costing (ABC). Why do we need advanced management accounting techniques, such as ABC?. How the ABC cost assignment network structure connects costs to products and sales channels. Learn to use ABC to manage product, service-line, channel, and customer profitability. Understand two views of costs: (1) process view versus (2) product view. Comparing ABC with time-driven ABC, resource consumption accounting (RCA), lean accounting, and other costing techniques. Operational Costing to Optimize Process Costs - How driver-based budgets and rolling financial forecasts lead to productivity improvement and cost reduction. Applying "Attributes" to assess "value-added costs" and "costs of quality (COQ)". The Shift in ROI's Source from Tangible to Intangible Assets. Increasing the ROI from information - with Corporate Performance Management (CPM) as a Value-Multiplier. Accelerating the Rate of Adoption for Implementing and CPM. Understand the barriers that slow the adoption rate of CPM: technical, misperceptions, model design, social, and cultural. How to overcome behavioral resistance to change.

Relationships.

What business owners really want from a CFO/business advisory service (it's not what you think). How to determine if you're qualified to provide CFO/business advisory services. Why now is the right time to be providing CFO/business advisory services. How to get new clients to your practice and how to approach existing clients. Why clients need you and why you need them. How much you should be charging for this type of service. How to provide a CFO/business advisory service in the most efficient way possible.

Components and principles of internal control. Concepts associated with the COSO framework. Management responsibilities versus auditor responsibilities. Common significant accounting processes. Tools and techniques used for internal control documentation.

Who's responsible. The importance of policies and procedures. The development, implementation and monitoring of internal controls. There is no excuse. Who steals. The tone at the top and the big monkey theory.

The AICPA Code of Professional Conduct and key Washington differences. New developments at the national and state level. Best practices for CPAs in public accounting and industry. Emerging issues.

What is intelligence? In what areas are AI processes superior or inferior to humans right now? Brief history of AI and what we've learned thus far. The three phases of AI and the direction they're headed. Examples of competitive applications of AI in the accounting profession.

Overview of the taxation of corporations and shareholders, including making the S corporation election. Built-in Gain Tax Planning. Self-employment tax and S corporations. Distribution tax planning. Planning to minimize the impact of loss limitations. Tax planning for years with both distributions and losses. Termination Planning. Tax planning regarding the transfer of appreciated assets to an S corporation. Buying and selling S corporations-tax planning ideas. Tax considerations of using the QSUB, Section 338(h)(10), or 336(e) elections. Tax Issues to consider at the death of S corporation shareholder. Stock redemptions as a tax planning tool. Accommodating a "non-qualified" investor. Trusts and tax-exempt shareholders. The second class of stock risks.

Strategies for tax savings. Business entity changes. IRS administrative issues, compliance, and new forms. Court cases settled in the last year that provide tax return guidance. Position authority. IRS rulings, procedures, and notices for the last year. New, updated, and expiring tax deductions and credits.

Languages of appreciation. Appreciation strategies.

Various types of penalties: Accuracy related, fraud, understatement of valuation, reporting requirement, failure to pay, and pay or deposit penalties. Rules on waiver of penalties and interests. Various forms and procedures for requesting relief. First Time Abatement: Requirements and procedures. How an individual taxpayer qualifies for Reasonable Cause abatement. Procedures for requesting refund of paid penalties. Available administrative options.

Setting and resetting performance expectations. On-the-spot counseling. Addressing erratic performance. Drafting and presenting performance appraisals.

Identifying opportunity. The three most common behavioral red flags that we should always look for. The many ways to commit check fraud (it's so easy). Why inventory is such a good place to hide theft of assets. How to cover up inventory fraud. Accounts Receivable Fraud and how it works. How to count inventory that's not there.