Members in Business & Industry Fall Conference

Description

In the business world, the biggest constant is change. This conference covers a myriad of topics aimed to comprehensively address the trends and solutions accounting professionals need to position their organizations for future success.
 

This conference will also be available as a Live Streaming Webcast.
Day 1
Day 2
Day 3

Objective

The participants will be able to discuss various issues that impact CPAs in industry.

Highlights

* Economic Update * Income-Based Time Management * Focus on the Profession * Enterprise Risk Management * Technology Update

Who Should Attend

CPAs who work in business or industry

Required Knowledge

None

Advanced Prep

None

Event Speaker(s)

Mr. Chris Ekimoff, CPA/CFF, CFE, MAFF, CGMA ( RSM US LLP, Washington, DC ), Mitch Miles ( Knowledge Source, Raleigh, NC ), Ms. Carol Van Cleef ( LeClairRyan, Alexandria, VA ), Chris Hesse, CPA ( CliftonLarsonAllen LLP, Spokane, WA ), Mr. Christopher T. McKittrick, CPA, CGMA, MBA, CFE ( Perspective Business Advisors, LLC, Raleigh, NC ), Ms. Paula McMillan, CFP®, CPA/PFS, CGMA ( Stearns Financial Group, Greensboro, NC ), Mrs. Wendla Boddy, CPA ( CliftonLarsonAllen LLP, Charlotte, NC ), Mr. Skip (Frank) Woody, III, CEBS ( Hill Chesson & Woody, Durham, NC ), Mrs. Melisa Fay Galasso, CPA ( Galasso Learning Solutions LLC, Charlotte, NC ), Sherré L. DeMao ( SLD Unlimited, Denver, NC ), Hugh A. Harris, JD ( NC Department of Justice, Raleigh, NC ), Mr. William Hunter Cook, CPA ( NCACPA, Morrisville, NC ), Ms. Nicole A. Crawford, JD, MPP ( ), Mr. Jack Anthony Schmoll, CPA ( Schmoll CPA PLLC, Charlotte, NC ), Chris Kuehl, PhD ( Armada Corporate Intelligence, Kansas City, KS ), Ms. Sharon H. Bryson, M.Ed. ( NCACPA, Raleigh, NC ), Mr. Michael Francis Hoose, CPA ( Cherry Bekaert LLP, Wake Forest, NC ), Ms. Holly Sullenger, M.Ed ( Premier Training and Consulting, Cary, NC ),

Additional Event Information

Accommodations
The Omni Grove Park Inn Resort & Spa
828-252-2711

Please use the following link to book in NCACPA's room block
https://www.omnihotels.com/hotels/asheville-grove-park/meetings/ncacpa-members-in-business-and-industry-fall-conference

Discounted Reservation Cut-Off Date: August 7, 2018
Room Rate: $230 Single/Double

Onsite Information
Registration/Continental Breakfast: 7:15–8:00 am. Sessions begin at 8:00 am.

Parking
Hotel Guest
Outdoor and garage parking are complimentary. You will need to use your room key to exit the gate.

Day Guest
NCACPA has negotiated a $5.00 daily outdoor self-parking rate. You must purchase daily parking stickers from the Omni Grove Park Inn staff onsite. Purchasing details will be sent approximately three days before the conference.

Download Your Materials Before You Arrive Onsite!
Conference materials will be distributed electronically to registrants 3 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.


Sessions

Monday, September 10, 2018 (8:05 am–9:20 am ET)

General #1: Economic Update
Chris Kuehl, PhD ( Armada Corporate Intelligence, Kansas City, KS ),

Up or down? Bull or bear? This session will provide members with a mid-year look at the national and North Carolina economies. Past performance on production, employment, income, interest rates, inflation, and governmental fiscal affairs will be analyzed, and prospects for the remainder of the year will be presented. Trends in North Carolina’s regional economics and among the state’s major demographic groups will be highlighted.

Field of Study: Economics

Monday, September 10, 2018 (9:30 am–10:30 am ET)

General #2: The Blindspot Zone

There are more than 200 cognitive biases and thinking errors that affect our behaviors, beliefs and daily decision-making abilities.Yet, more than 85% of us believe we are less bias than the average person.This cognitive disconnect places a lid on our influence, creates conflicts in our relationships and skews our decision-making abilities. Welcome to The BlindSpot ZoneTM.
 

PARTICIPANTS WILL:
* Learn how to quickly recognize blindspots and intentionally change behaviors.
* Discover the recurring patterns that are holding them back from their peak performance.
* Gain a new appreciation for how to better work together and serve their clients.
* Learn how to unmask the hidden biases that creep into every decision-making process.

Field of Study: Specialized Knowledge

Monday, September 10, 2018 (11:55 am–12:50 pm ET)

General #3: Income-Based Time Management
Sherré L. DeMao ( SLD Unlimited, Denver, NC ),

The old adage that “time is money” has finally been proven as a result of presenter Sherre’ DeMao’s Income-Based Time ManagementTM assessment process. Based on working with entrepreneurial companies over 30 years, IBTM was inspired by companies that billed for their time initially, and then Sherre’ began applying the principles to retailers, manufacturing entities, and a variety of others with profound and game-changing results in how everyone in a company is valued and engaged in helping drive income and profits.

Attendees will learn:
   * The FOUR resources that must be considered in budgeting
   * The FIVE areas of time focus that impacts income and profitability
   * The area of time focus that should be a priority at the management level, and oftentimes is not
   * How to engage everyone in the company as a driver of income and profitability
   * Quantifying the measurables for effective monitoring and accountability

Field of Study: Specialized Knowledge

Monday, September 10, 2018 (12:50 pm–2:00 pm ET)

1A: Business Process Solutions

More than ever, technology is a differentiator for CPA firms. Progressive firms that deploy leading-edge and proven solutions and complement these deployments with investments in team member training are far more successful than those who continue to place bandages on outdated technologies. In this session, you will learn about leading solutions available and how these solutions can increase efficiency, client satisfaction, and profitability in your firm.

Field of Study: Specialized Knowledge

Monday, September 10, 2018 (12:50 pm–2:00 pm ET)

1B: What's Going on at FASB
Mrs. Melisa Fay Galasso, CPA ( Galasso Learning Solutions LLC, Charlotte, NC ),

The FASB has been very busy with a variety of projects. This course will provide an executive summary of the big standards issues in 2017 and 2018 to discuss who they impact, what the major changes are, and when they will be effective. We’ll also discuss implementation issues and the status of some of the earlier issued standards that are now effective. This session will be jam packed with all the details you need to determine whether these changes will impact your entity!

Field of Study: Accounting

Monday, September 10, 2018 (2:10 pm–3:20 pm ET)

2A: Employment Law Update
Ms. Nicole A. Crawford, JD, MPP ( ),

This session will provide a “hot topic” legal update that includes ban-the-box legislation, the status of the overtime pay exemption, social media protections for employees, reductions in force, and paid sick leave issues. We will discuss how these issues affect CPAs and forecast upcoming trends and changes.  

Field of Study: Business Law

Monday, September 10, 2018 (2:10 pm–3:20 pm ET)

2B: Fraud Risk Management & Self-Detection: Preventing Organizational Loss Through Purposeful Action
Mr. Chris Ekimoff, CPA/CFF, CFE, MAFF, CGMA ( RSM US LLP, Washington, DC ),

Businesses and organizations consistently fall prey to threats of fraud, waste, and abuse from external collaborators, as well as internal employees. Before trying to beat back the inevitable risks of loss due to fraud, companies can employ a few key strategies and tests to get their business back on track.
 
Through the development, planning, and execution of fraud risk management, a company can learn more about the risks facing the organization and quantify the immediacy and significance of each fraud risk. The business will also create a defensible & iterative roadmap to combat fraud in all its forms.
 

When the plan has been developed, key professionals at each organization are tasked with performing tests and reviews of policies and procedures related to that plan. Examples of such tests and real case studies of their results will help educate those charged with financial reporting and accounting to notice the anomalies that are indicative of fraud.

Field of Study: Specialized Knowledge

Monday, September 10, 2018 (3:35 pm–4:40 pm ET)

3A: Revenue Recognition: What You Need to Know to Implement
Mrs. Melisa Fay Galasso, CPA ( Galasso Learning Solutions LLC, Charlotte, NC ),

ASU 2014-09, as amended, changes how all entities will recognize and disclose revenue transactions. Gone is the industry-specific guidance and specialized revenue recognition methodologies. This rules-based approach was replaced with a single principles-based approach that will converge (for the most part) US GAAP with IFRS. This course will review the major changes in revenue recognition. We’ll walk through each of the five steps to provide a functional understanding of the new principles-based approach.

Field of Study: Accounting

Monday, September 10, 2018 (3:35 pm–4:40 pm ET)

3B: Identity Theft & Common Scams
Hugh A. Harris, JD ( NC Department of Justice, Raleigh, NC ),

This session will discuss identity theft, security breaches, and common scams faced by consumers. This session will help participants to: * Define identity theft * Define security breach * Understand how to respond to identity theft * Identify common types of breaches * Identify common scams to be aware of * Understand how to protect yourself and your family.

Field of Study: Specialized Knowledge

Monday, September 10, 2018 (4:45 pm–5:45 pm ET)

Optional #1: Networking Reception (Registrant Only)

Monday, September 10, 2018 (4:45 pm–5:45 pm ET)

Optional #2: Networking Reception (Registrant + 1 Guest)

Tuesday, September 11, 2018 (8:00 am–9:15 am ET)

4A: Sales & Use Tax Plus Nexus
Mr. Jack Anthony Schmoll, CPA ( Schmoll CPA PLLC, Charlotte, NC ),

Sales and use taxation is incredibly complex and ever-evolving. It is imperative that businesses correctly collect and record these taxes; the stakes are high. This cutting-edge session will discuss key sales, use, and nexus tax issues faced by businesses.

Field of Study: Taxes

Tuesday, September 11, 2018 (8:00 am–9:15 am ET)

4B: Federal Tax Update
Mrs. Wendla Boddy, CPA ( CliftonLarsonAllen LLP, Charlotte, NC ), Chris Hesse, CPA ( CliftonLarsonAllen LLP, Spokane, WA ),

Attend this session to learn of federal income tax developments. A heavy emphasis will be placed on the Tax Cuts and Jobs Act.
 
By the end of this session, participants will be able to:

   * Dissect the Section 199A provision for Qualified Business Income
   * Recognize accounting method rule changes under the TCJA
   * Understand the election out of the Centralized Partnership Audit Regime
   * Recall other key developments from rulings, court cases and regulations

Field of Study: Taxes

Tuesday, September 11, 2018 (9:30 am–10:45 am ET)

5A: Current Trends in Health Benefits, Recruiting, & Retaining the Best Employees
Mr. Skip (Frank) Woody, III, CEBS ( Hill Chesson & Woody, Durham, NC ),

In this session, you will learn current trends in the employer marketplace as well as creative solutions and ideas to help you build and sustain your organization’s plan. Attend and gain an understanding of how to use evidence-based practices to obtain high performance employee benefit programs and ultimately become a destination employer.
 

Objective: Attendees will learn how gaining destination employer status can help recruit and retain talent. They will gain an understanding of using evidence-based practices to obtain high performance employee benefit programs.

Field of Study: Personnel/Human Resources

Tuesday, September 11, 2018 (9:30 am–10:45 am ET)

5B: Data Analytics & Business Intelligence

As a finance and industry leader, it is likely routine for you and your team to be asked for analysis to help make or support an important decision at your organization. Whether it’s pricing, financing or operations, it’s common for you to feel proud about the methods, process, and data used to support those decisions. But maybe not all the time…
 
How can you analyze data better and support the right decisions more often at your organization? Plenty of CPAs and finance professionals are talking about business intelligence and data analytics. Attend this session and see examples of how others are using business intelligence to improve their decision-making.
 

In this session, you will learn repeatable techniques to help transform spreadsheets into more actionable business insights that capture the “so what” in your data.

Field of Study: Information Technology

Tuesday, September 11, 2018 (11:00 am–12:15 pm ET)

6A: Foreign Currency Accounting
Mr. Michael Francis Hoose, CPA ( Cherry Bekaert LLP, Wake Forest, NC ),

Increased volatility surrounding foreign exchange rates has lead foreign currency accounting to be a hot topic—especially certain countries with high inflation and multiple exchange rates. In this session, we’ll address the key elements of currency conversion for financial statements related to business done in other countries, which will include discussion topics such as determining functional currencies, determining the translation method, identifying highly inflationary economies, and more.

Field of Study: Accounting

Tuesday, September 11, 2018 (11:00 am–12:15 pm ET)

6B: Enterprise Risk Management

Successfully managing enterprise risk is one of the many complicated tasks for which boards of directors find themselves responsible. This session explores the components of risk management and how leading professionals are assessing risk, testing for levels of vulnerability, and managing that vulnerability in an integrated fashion.

Field of Study: Personnel/Human Resources

Tuesday, September 11, 2018 (1:10 pm–2:50 pm ET)

7A: 2018 Professional Ethics & Conduct
Mr. William Hunter Cook, CPA ( NCACPA, Morrisville, NC ),

This course by Hunter Cook is offered in a group-study format where participants and the discussion leader have opportunities to interact and discuss ethical issues facing the profession. North Carolina Professional Ethics and Conduct rules are just one subsection of the set of rules and standards governing North Carolina CPAs. However, the importance of professional ethics merits an in-depth study, because making the right decision every time is hard! Without a solid ethical base, the rules are difficult to apply. The North Carolina Professional Ethics and Conduct rules will be specifically examined, clarifying how they are applicable to all CPAs. Standards of ethical conduct are not only examined for those CPAs in public practice, but also for CPAs working in industry, government, and education throughout North Carolina. You will examine current trends in ethical behavior, social networking, and fraud. Real-life case studies supplied by North Carolina CPAs that examine those ethical dilemmas most prevalent in the workplace will be discussed.
 
ote—This course fulfills the State Board’s annual two-hour ethics CPE requirement. The two-hour ethics course is required for annual license renewal for North Carolina CPAs and does not qualify one to obtain an original or reciprocal certificate (the Accountancy Law course required for certification and reciprocity is an eight-hour program that is also offered by NCACPA , and it satisfies this requirement). If you have questions, please contact the NC State Board of CPA Examiners. The vendor has identified this course as satisfying the 80-hour requirement for Yellow Book. It is up to the individual to determine if this course meets the 24-hour Yellow Book requirement. If you have a question, please contact the GAO at (202) 512-9535. sence in an organization—the one you are currently with—or your competition.

Field of Study: Regulatory Ethics

Tuesday, September 11, 2018 (1:10 pm–2:50 pm ET)

7B: Advanced Excel® Topics for Speed & Accuracy
Ms. Holly Sullenger, M.Ed ( Premier Training and Consulting, Cary, NC ),

Today’s professional usually knows just enough about Excel to be dangerous. However, there are many underutilized parts of Excel that can be used to streamline worksheets across the land. This seminar will concentrate on Excel topics such as pivot tables, lookups, index and match—and Power BI tools—all with an eye on increasing efficiency and effectiveness.
 

Objectives:
   * Pivot Tables on Steroids
   * Vlookup and Hlookup Tips and Tricks
   * Using Index and Match Successfully
   * Power BI Tools, and More!

Field of Study: Computer Software & Applications

Tuesday, September 11, 2018 (3:05 pm–4:25 pm ET)

8A: Open Book Management: A High Level Look
Mr. Christopher T. McKittrick, CPA, CGMA, MBA, CFE ( Perspective Business Advisors, LLC, Raleigh, NC ),

Open Book Management (OBM) is a unique methodology and approach to running an organization. It is based on a simple, yet powerful belief, “When employees think, act and feel like owners….everybody wins.” This thoroughly tested operating system (as explained in Jack Stack’s bestselling book “The Great Game of Business”) teaches your people the fundamentals of business, involves them at levels they may never have been involved before, holds them accountable, and provides them a stake in the outcome.

 
In this session, you will explore topics such as:

   * Know & Teach the Rules
   * Assessing your organization’s financial literacy level.
   * Establishing a Critical Number
   * Mini-Games
   * Bonus Plan design in OBM

Field of Study: Accounting

Tuesday, September 11, 2018 (3:05 pm–4:25 pm ET)

8B: Ready for 30 Years of Retirement With Inflation, Taxes, Volatility, and No Paycheck?
Ms. Paula McMillan, CFP®, CPA/PFS, CGMA ( Stearns Financial Group, Greensboro, NC ),

Retirement planning is far more complicated than most people realize. Often, more time is spent planning for vacations than retirement. This procrastination can be costly.
 
The effects of the financial decisions you make, or fail to make, compound over time. This compounding has a tremendous impact on the type of retirement you will be able to afford and enjoy. Learn what to do today to achieve your desired lifestyle in retirement.
 
This session will help you:

   * Take key steps today that will enhance your retirement outcome in the years to come
   * Understand current retirement planning strategies for maximizing wealth and income
   * Avoid the pitfalls that most commonly lead to retirement failure
   * Make better decisions by understanding the psychology related to personal finance and retirement

Field of Study: Specialized Knowledge

Wednesday, September 12, 2018 (8:00 am–8:50 am ET)

General #4: Focus on the Profession
Ms. Sharon H. Bryson, M.Ed. ( NCACPA, Raleigh, NC ),

Sharon Bryson, CEO of NCACPA, brings participants an interactive and informative session on the latest and most major issues affecting the profession and the business climate on state, national, and global levels. With over 30 years working for the Association and in the profession, Sharon will share insights on * Activities of standard setters and regulators in US Congress and the NC General Assembly * International trends that stand to affect you, your organization, and your clients * Latest actions taken by the NC State Board of CPA Examiners * Changes in store for you from NCACPA and the AICPA

Field of Study: Accounting

Wednesday, September 12, 2018 (9:00 am–9:50 am ET)

General #5: Personal Branding
Mitch Miles ( Knowledge Source, Raleigh, NC ),

Today’s marketplace demands understanding of technology. Your success, your leadership, your career, and your reputation should not be managed by technology. Manage your technology with the care you manage your career and your brand. Personal Branding of Your Leadership is a content strategy that broadcasts who you are and not what you do. Learn how to strategically create a personal brand of you that enhances the value of your presence in an organization—the one you are currently with—or your competition.

Field of Study: Specialized Knowledge

Wednesday, September 12, 2018 (10:00 am–11:40 am ET)

General #6: Technology Update
Ms. Carol Van Cleef ( LeClairRyan, Alexandria, VA ),

We are now at an inflection point where desktop, laptop, and mobile systems have reached a point of maturity and stability. Both the hardware and operating systems that run on these systems advance in very small increments compared to the past. However, the software and services running on these systems continue to advance at a rapid pace. Cloud storage, web apps, mobile banking, loT systems, data analytics, and blockchain technologies are creating new opportunities for innovation and, in some cases, disruption of existing business models. To add further complexity and challenge to this context all businesses and individuals face pervasive and significant cybersecurity threats and a rapidly shifting regulatory landscape.

Field of Study: Information Technology

Wednesday, September 12, 2018 (11:40 am–12:05 pm ET)

Optional #3: Box Lunch for Wednesday's Bonus CPE (35 Fee)

Wednesday, September 12, 2018 (12:05 pm–12:55 pm ET)

Optional #4: What You Need to Know About Blockchain
Ms. Carol Van Cleef ( LeClairRyan, Alexandria, VA ),

One of the most talked about new technologies that has the potential to significantly disrupt the accounting profession is Blockchain. This course is designed to bring you up to speed on what this revolutionary technology is all about. You will learn about the concepts, nomenclature, technology, and potential applications related to Blockchain. This will prepare you to participate in conversations about Blockchain with your colleagues, peers and others.

Field of Study: Information Technology


Share This Event

Event Vendor:NCACPA
Field of Study:Accounting, Business Law, Computer Software & Applications, Economics, Information Technology, Personnel/Human Resources, Regulatory Ethics, Specialized Knowledge, Taxes, Various
Level: Update

Event Type:Conference
Event Code:MBIF18


Premier Sponsor


Registration Fees

Early Bird Rate expires August 27, 2018

3-Day Registration Early Bird Regular
NCACPA Member 3-Day $505.00 $575.00
Non-Member 3-Day $605.00 $675.00
Monday & Tuesday Only Early Bird Regular
NCACPA Member Monday & Tuesday Only $455.00 $525.00
Non-Member Monday & Tuesday Only $555.00 $625.00
Monday & Wednesday Only Early Bird Regular
NCACPA Member Monday & Wednesday Only $455.00 $525.00
Non-Member Monday & Wednesday Only $555.00 $625.00
Monday Only Registration Early Bird Regular
NCACPA Member Monday Only $255.00 $305.00
Non-Member Monday Only $355.00 $405.00
Tuesday & Wednesday Only Early Bird Regular
NCACPA Member Tuesday & Wednesday Only $455.00 $525.00
Non-Member Tuesday & Wednesday Only $555.00 $625.00
Tuesday Only Registration Early Bird Regular
NCACPA Member Tuesday Only $255.00 $305.00
Non-Member Tuesday Only $355.00 $405.00
Wednesday Only Registration Early Bird Regular
NCACPA Member Wednesday Only $255.00 $305.00
Non-Member Wednesday Only $355.00 $405.00