CPE Beach Cluster

Description

 Looking for a little fun in the sun? Register for CPE in 4-hour blocks from a wide variety of topics. Participants can earn up to 28 hours of CPE credit for this three and a half day program.
 
After sessions end on August 14, join us for E1118: 2018 Professional Ethics & Conduct with Hunter Cook.
Separate registration required for Ethics program.
 

Objective

The 2018 Beach Cluster includes high-level sessions to equip attendees in becoming successful leaders within their organizations. Attendees will also select from four distinct learning tracks including Tax, Accounting & Auditing, Not for Profit/Government, and Management/Personal Development designed to enhance work performance.

Highlights

See individual session description

Who Should Attend

See individual session description

Required Knowledge

See individual session description

Advanced Prep

None

Event Speaker(s)

Mr. Greg Clark ( Loscalzo Institute, Gainesville, GA ), Mr. Jay Giannantonio ( Surgent McCoy CPE, LLC, Devon, PA ), Lawrence L. Klumpp ( Surgent & Associates, LLC, Devon, PA ), Ms. Susan Smith ( Surgent & Associates, LLC, Voorhees, NJ ),

Additional Event Information

Accommodations
Holiday Inn Resort - Wrightsville Beach
910-256-2231
Discounted Reservation Cut-off Date: July 16, 2018
Room Rate: $259 Oceanfront/$234 Standard
The group rate for NCACPA will be available from Monday, August 13, 2018 through Saturday, August 18, 2018, based on availability.

Onsite Information
Registration/Continental Breakfast: 7:00–8:00 am. Sessions begin at 8:00 am

Lunch will be provided for all participants who are registered for both the sessions immediately before and following the lunch break.

Parking
When and if possible, carpooling with attendees is encouraged! A registrant list will be made available to attendees so that you may view who will be joining you at this year’s Beach Cluster and carpool arrangements can be made. The Holiday Inn Resort offers parking in the two-level parking deck to overnight guests at a rate of $7.00 per night.

Day guests are welcomed to park in the hotel parking garage at no additional cost on a first come first serve basis. However, please note that parking spaces on the hotel premises are very limited and early arrival is strongly suggested! Day guests, unable to secure space on the hotels premises, will have access to street parking at a rate of $2.50 per hour or $17.00 for the day and may pay for parking through one of the following methods:

Day Guest - Option 1:
You may call the Pay-by-phone parking service at 888-380-7275 and follow the quick and easy automated instructions to create an account and pay for parking via phone. Tip: Calling and establishing an account before arriving will ensure ease of use the morning of!

You will need to have the listed information ready:
   • Your license plate number
   • A Payment Method
   • When prompted, the location code for parking spaces in the area surrounding the facility: 28104
   • Should any issues arise with the pay-by-phone service you may contact Wrightsville Beach Parking at 910-256-5453

Day Guest - Option 2:
You may pay for parking at the pay station terminals located on either side of the facility.
   • Link to areal map: Here

Day Guests - Option 3:
Members local to the area are encouraged to carpool when possible and may also pre-purchase their parking passes at the below location
   • Wrightsville Beach Parking: 321 Causeway Drive, Wrightsville Beach, NC 28480
   • Contact: 910-256-5453

Download Your Materials Before You Arrive Onsite!
Cluster materials will be distributed electronically to registrants 3 business days in advance of the program. You may download your materials to a laptop, tablet, or e-reader, or print them. It’s up to you how you choose to view the materials. Printed materials will not be available on site. Downloading in advance is recommended.

Price Per Session:
                          Early Bird        Regular
Member            $135                $160
Non-Member    $185                $210
 
 

Sessions

Tuesday, August 14, 2018 (8:00 am–11:45 am ET)

1A: Current Issues in Accounting & Auditing: An Annual Update
Mr. Greg Clark ( Loscalzo Institute, Gainesville, GA ),

Designed for accounting and attestation practitioners at all levels in both public accounting and business and industry, this course provides an overview of recent accounting, compilation, preparation, review, and attestation matters including: recently issued Accounting Standards Updates (ASUs); the FASB’s comprehensive new Revenue Recognition standard—Topic 606; Lease Accounting—Topic 842; Financial Instruments; SSARS No. 21, Clarification and Recodification; recent AICPA and PCAOB releases and other important A&A practice matters you should be aware of.
 
Level: Update 

Field of Study: Accounting, Auditing

Tuesday, August 14, 2018 (8:00 am–11:45 am ET)

1B: S Corporation, Partnership, & LLC Tax Update
Ms. Susan Smith ( Surgent & Associates, LLC, Voorhees, NJ ),

If you are a practitioner who wants the latest information on tax changes affecting your business clients or employers, then you should take this enlightening course. You will learn invaluable knowledge, strategies, techniques, innovative tax-planning concepts, income-generating ideas, and other planning opportunities available to S Corporations, partnerships, LLCs, and LLPs. Continually updated for developments.
 
Level: Update 
 
 

Field of Study: Taxes

Tuesday, August 14, 2018 (12:15 pm–4:00 pm ET)

2A: Financial Statement Disclosures: A Guide for Small & Medium-Sized Businesses
Mr. Greg Clark ( Loscalzo Institute, Gainesville, GA ),

A clear and concise set of proper financial statement disclosures can make or break an entity’s financial statements. Such disclosures are no longer simply additional information provided by a business; they can be complex in nature and difficult to both prepare and understand, even for small and medium-sized businesses. Oftentimes, financial statement users will first turn to the notes in the financial statements in order to get a feel for where the business and its numbers might be heading. This course will focus on key balance sheet and income statement disclosure as well as those relating to adoption of new accounting standards such as Topic 606, accounting policies, changes in accounting estimates and errors, subsequent events, going concern, and related party disclosures. The course will use illustrations, examples based on private company financial statements disclosures, and real-world excerpts from financial statements to provide you with a hands-on feel for the disclosure requirements across a number of accounting standards.
 
Level: Basic

Field of Study: Accounting

Tuesday, August 14, 2018 (12:15 pm–4:00 pm ET)

2B: Individual Income Tax Update
Ms. Susan Smith ( Surgent & Associates, LLC, Voorhees, NJ ),

 Sold Out.
 
This highly informative course will bring you up-to-speed on the latest in individual tax law developments and the corresponding or responsive planning opportunities available to your clients. You will come away from the course ready to educate your individual tax clients and implement tax-savings ideas that will serve their ever-evolving needs—especially in a year of significant tax law change.
 
Level: Update 

Field of Study: Taxes

Wednesday, August 15, 2018 (8:00 am–11:45 am ET)

3A: Guide & Update to Compilations, Reviews, & New Preparations
Mr. Greg Clark ( Loscalzo Institute, Gainesville, GA ),

Specifically designed for compilation, preparation, and review practitioners and their staff, this course will provide you with an overview, update, and hands-on application for performing compilation, preparation, and review engagements. You will learn the ins and outs of SSARS No. 21, Clarification and Recodification. The course will also cover the changes that have occurred with the issuance of SSARS Nos. 22 and 23 with regard to compilation of pro forma financial information engagements, engagements on prospective financial information, as well as in other areas relevant to SSARS No. 21 engagements, including lessons learned from early peer reviews of SSARS No. 21 engagements. This course will bring you up-to-date on SSARSs requirements and guidance as well as provide examples and illustrations to help you effectively perform compilation, preparation, and review engagements.
 
Level: Update 

Field of Study: Auditing

Wednesday, August 15, 2018 (8:00 am–11:45 am ET)

3B: Real Estate Taxation: Critical Considerations
Ms. Susan Smith ( Surgent & Associates, LLC, Voorhees, NJ ),

In this course, we will address critical considerations that a mid-level practitioner needs to understand when moving into the complex area of advising clients and preparing returns related to the acquiring, holding, managing, constructing, and disposing of real estate. You will leave the course able to navigate many of the key issues associated with the relevant returns and plan strategically for your company or clients.
 
Level: Intermediate 

Field of Study: Taxes

Wednesday, August 15, 2018 (8:00 am–11:45 am ET)

3C: Five Critical Issues That CPAs in Industry Will Need to Face This Year
Mr. Jay Giannantonio ( Surgent McCoy CPE, LLC, Devon, PA ),

Standards overload. Tax law complexity. Uncertain market outlook. Regulatory confusion. Understanding the forces affecting U.S. businesses is critical to success in today’s complex and rapidly changing market. In this session we will tackle pressing issues at a “need to know” level and then discuss the practical implications. You will come away armed with the “big picture.” Preparedness is half the battle, so do not miss this critical briefing.
 
Level: Intermediate 

Field of Study: Accounting, Taxes

Wednesday, August 15, 2018 (8:00 am–11:45 am ET)

3D: Recent Frauds Occurring in Not-for-Profit Entities & Governments
Lawrence L. Klumpp ( Surgent & Associates, LLC, Devon, PA ),

When stories of fraud make the news, they can look so obvious after the fact. Regardless of whether the fraud was material, the media and the public frequently ask how the auditor and those within the entity could not have detected the fraud. Fraud can be very difficult to detect, particularly without the luxury of hindsight. In this course, we will look at over 20 frauds that recently occurred and with the luxury of hindsight study how they happened and perhaps how they could have been prevented or detected. The course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced knowledge of fraud occurring in not-for-profit entities and governments.
 
Level: Intermediate

Field of Study: Auditing (Governmental)

Wednesday, August 15, 2018 (12:15 pm–4:00 pm ET)

4A: Auditing 401(k) Plans: Critical Issues & Annual Update
Mr. Greg Clark ( Loscalzo Institute, Gainesville, GA ),

Due to increasing scrutiny in the employee benefit plan area, it is imperative for auditors of 401(k) plans to remain up-to-date on the rules and regulations that may impact the audit engagement. Auditors will enhance their knowledge by understanding the changes effecting audit procedures and reporting, identifying best practices, and performing efficient audit engagements.
 
Level: Basic 

Field of Study: Auditing

Wednesday, August 15, 2018 (12:15 pm–4:00 pm ET)

4B: Maximizing Your Social Security Benefits
Ms. Susan Smith ( Surgent & Associates, LLC, Voorhees, NJ ),

The leading edge of the baby boomer generation has already reached retirement age. Financial and tax planners can expect increased demand for strategies that dovetail Social Security with other retirement- and estate-planning objectives. This course provides tax and financial planning professionals with both the background information on the Social Security system and the strategies clients will need in dealing with Social Security, and the myriad of all the other related retirement-planning issues.
 
Level: Basic 

Field of Study: Taxes

Wednesday, August 15, 2018 (12:15 pm–4:00 pm ET)

4C: Fraud Basics: Protecting the Company Till
Mr. Jay Giannantonio ( Surgent McCoy CPE, LLC, Devon, PA ),

Our focus is to reduce the overall risk of fraud. To that end, this course focuses on what factors contribute to turning honest employees into schemers. Discussion will include integrity and ethics, as well as how people may react in certain situations.
 
Level: Basic 

Field of Study: Auditing

Wednesday, August 15, 2018 (12:15 pm–4:00 pm ET)

4D: ASU No. 2016-14 in Just Four Hours
Lawrence L. Klumpp ( Surgent & Associates, LLC, Devon, PA ),

ASU No. 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, will usher in the most significant changes to not-for-profit financial reporting in over 20 years when it becomes effective for December 31, 2018, year-ends. To properly implement the new financial reporting model professionals will need to have a strong, working knowledge of the new requirements. Now is the time to obtain that knowledge! This course will explain the new requirements, illustrate how the requirements will manifest themselves in the financial statements, and explain key options that not-for-profits have in implementing the requirements. The course will also examine other key issues on the horizon related to revenue recognition and leases. The course materials utilize a highly illustrative and innovative format to provide an enhanced working knowledge of not-for-profit financial reporting.
 
Level: Intermediate 

Field of Study: Accounting (Governmental)

Thursday, August 16, 2018 (8:00 am–11:45 am ET)

5A: Guide to the New Revenue Recognition Model for All CPAs
Mr. Greg Clark ( Loscalzo Institute, Gainesville, GA ),

The effective date for Topic 606, Revenue from Contracts with Customers, is rapidly approaching. Are you ready? Designed for accounting and auditing practitioners at all levels in both public accounting and business and industry, this course provides a thorough review of the FASB’s comprehensive new revenue recognition guidance found in Topic 606. The course begins with a quick overview of the new guidance from 30,000 feet, before diving into the details of the FASB’s new five-step revenue recognition model. Additional guidance, presentation, and disclosures are also presented in this course. Plenty of examples are used to illustrate the practical application of the ins and outs of the new guidance (including journal entries) to help you better understand and apply the complexities of this completely revamped area of accounting. Additionally, the course discusses the recent Updates to Topic 606 that provide additional guidance on such issues as licenses, collectability, and performance obligations. Revenue recognition changes could impact wording in contracts, tax-planning strategies, budgets, debt covenant compliance, incentive compensation plans, and more. In other words, this comprehensive change in revenue recognition is so much more than simply understanding the resulting debits and credits in the financial statements. As such, it is imperative that all accounting and auditing practitioners at all levels, in both public accounting and business and industry, begin their review and preparation for implementing Topic 606 now.
 
Level: Intermediate 

Field of Study: Accounting

Thursday, August 16, 2018 (8:00 am–11:45 am ET)

5B: Individual Tax Planning Ideas
Ms. Susan Smith ( Surgent & Associates, LLC, Voorhees, NJ ),

In the uncertain legislative environment, careful, flexible planning takes on new importance. This course presents the most important income tax-planning ideas wealthy clients and closely held business owners need to consider this year to take advantage of the present and plan potential changes. It highlights areas in the income tax return that suggest future opportunities for the individual client. Updated for material developments.
 
Level: Intermediate 

Field of Study: Taxes

Thursday, August 16, 2018 (8:00 am–11:45 am ET)

5C: Controller/CFO Update: Hot Topics Facing Today's Financial Professional
Mr. Jay Giannantonio ( Surgent McCoy CPE, LLC, Devon, PA ),

In today’s rapidly changing world, finance professionals are required to wear many hats and are often the keys to the success of the organization. On one hand, they need to be abreast of the latest proven financial skills for making the best decisions, and on the other hand they need the best skills to motivate, manage, and lead people. Being pigeon-holed into one area or another is neither good for career building nor for the good of the organization. We’ll cover the latest issues that all CFOs and controllers need to know about and provide how-to guidance to allow for immediate use in their organizations.
 
Level: Update 

Field of Study: Finance

Thursday, August 16, 2018 (8:00 am–11:45 am ET)

5D: Latest Developments in Government & Nonprofit Auditing
Lawrence L. Klumpp ( Surgent & Associates, LLC, Devon, PA ),

This year is indeed another year of significant change in the world of government and nonprofit auditing. Time is valuable, and it’s hard to stay current in today’s rapidly changing environment. Let us save you time and effort in staying current through this informative update course. The course materials utilize a highly illustrative and innovative format. Over a dozen focused exercises are included to provide an enhanced working knowledge of the latest developments in government and nonprofit auditing.
 
Level: Update 

Field of Study: Auditing (Governmental)

Thursday, August 16, 2018 (12:15 pm–4:00 pm ET)

6A: More Than Meets the Eye: Examining the New Lease Accounting Standard
Mr. Greg Clark ( Loscalzo Institute, Gainesville, GA ),

Implementing ASU No. 2016-02, Leases (Topic 842) is sure to have a major impact on your balance sheet and potentially on your business as well. This course is a one-stop shop for what you need to know about the upcoming changes to lease accounting. In this course, we will review how to measure the lease liability and Right of Use asset that will now be recorded on the balance sheet for all leases. We will also tackle the tricky issues of accounting for lease modifications and other lease remeasurement events as well as address the other major provisions of the new standard, including transition. We will also review the income statement treatment of lease expense for all leases for both lessees and lessors and discuss recent FASB implementation guidance.
 
Level: Intermediate 

Field of Study: Accounting

Thursday, August 16, 2018 (12:15 pm–4:00 pm ET)

6B: Key Partnership & S Corporation Tax Planning Strategies
Ms. Susan Smith ( Surgent & Associates, LLC, Voorhees, NJ ),

Most of our clients are pass-thru entities for which many of the general business strategies are subject to additional limitations. To provide the tax-planning strategies for closely held business clients that will bring more revenue, this course focuses on the special concerns and techniques the practitioner needs to thrive in this market.
 
Level: Intermediate 

Field of Study: Taxes

Thursday, August 16, 2018 (12:15 pm–4:00 pm ET)

6C: Gaining a Competitive Advantage: Critical Skills for CFOs & Controllers
Mr. Jay Giannantonio ( Surgent McCoy CPE, LLC, Devon, PA ),

All organizations are looking for ways to gain an advantage over the competition. This practical and interactive session will present a toolkit of ideas to help CFOs, controllers, and finance professionals better position their organizations for the future. We all know change is occurring at an exponential rate, and by completing this course you will be able to assist your organization in making key decisions affecting critical aspects of the business such as enterprise risk management, financial risk, cash management, credit decisions, and much more! Become the “financial hero” of your organization and make a positive impact on the bottom line.
 
Level: Intermediate

Field of Study: Finance

Thursday, August 16, 2018 (12:15 pm–4:00 pm ET)

6D: Latest Developments in Government & Nonprofit Accounting
Lawrence L. Klumpp ( Surgent & Associates, LLC, Devon, PA ),

With two active standard setters (i.e., the GASB and FASB), there are always important developments occurring in government and nonprofit accounting. Time is valuable, and it’s hard to stay current in today’s rapidly changing environment. Let us save you time and effort in staying current through this informative update course. The purpose of this course is to enable you to excel in the constantly changing government and nonprofit environment. The course materials utilize a highly illustrative and innovative format. Over a dozen focused exercises are included to provide an enhanced working knowledge of the latest developments in government and nonprofit accounting.
 
Level: Update 

Field of Study: Accounting (Governmental)

Friday, August 17, 2018 (8:00 am–11:45 am ET)

7A: Five Critical Issues That A&A Public Accountants Will Need to Face This Year
Mr. Greg Clark ( Loscalzo Institute, Gainesville, GA ),

Standards overload. Confidential data under siege. Uncertain market outlook. Regulatory confusion. Understanding the forces affecting your A&A public practice is critical to success in today’s complex and rapidly changing market. In this session we will tackle pressing issues at a “need to know” level and then discuss the practical implications. You will come away armed with the “big picture.” Preparedness is half the battle, so do not miss this critical briefing.
 
Level: Intermediate

Field of Study: Accounting

Friday, August 17, 2018 (8:00 am–11:45 am ET)

7B: Five Critical Issues That Tax Public Accountants Will Need to Face This Year
Ms. Susan Smith ( Surgent & Associates, LLC, Voorhees, NJ ),

Tax law complexity. Uncertain legislative outlook. Confidential data under siege. Regulatory confusion. Standards overload. Understanding the forces affecting your tax public practice is critical to success in today’s complex and rapidly changing market. In this session we will tackle pressing issues at a “need to know” level and then discuss the practical implications. You will come away armed with the “big picture.” Preparedness is half the battle, so do not miss this critical briefing.
 
Level: Intermediate 

Field of Study: Taxes


Share This Event

Event Vendor:Surgent McCoy CPE, LLC
Field of Study:Accounting, Accounting (Governmental), Auditing, Auditing (Governmental), Finance, Taxes, Various
Level: Update

Event Type:Seminar
Event Code:BCLU18

Registration Fees

Early Bird Rate expires July 31, 2018

Registration Fee Early Bird Regular
NCACPA Member – See Individual Sessions for Pricing $0.00 $0.00
Non-Member – See Individual Sessions for Pricing $0.00 $0.00