CPE Mountain Cluster

Description

Improve your view on the latest accounting updates and information by joining us in scenic Asheville for NCACPA’s Mountain Cluster! Enjoy a delightful fall getaway and the fresh mountain air, while taking advantage of the quality CPE offerings delivered by expert presenters and educators. Don’t miss this opportunity!
 

Objective

The 2019 Mountain Cluster includes high-level sessions to equip attendees in becoming a 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 descriptions

Who Should Attend

See individual session descriptions

Required Knowledge

See individual session descriptions

Advanced Prep

None

Event Speaker(s)

Leah Donti ( 9044-8507 Quebec, Inc., Laval, Quebec, ), Jack Georger ( The Association of International Certified Professional Accountants, Lewisville, TX ), Mr. James Lindell ( The Association of International Certified Professional Accountants, Durham, NC ), Stephen Renberg ( ),

Additional Event Information

Accommodations
The Omni Grove Park Inn
800-438-5800

Discounted Reservation Cut-off Date: September 30, 2019
Room Rates: $299 single/double

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

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

Parking
Mountain Cluster attendees will be personally responsible for any costs associated with parking. The hotel’s self-parking rate is $15/per night and the valet rate is $22/per night.

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            $140                 $165
Non-Member    $190                 $215
 
 


Sessions

Wednesday, October 30, 2019 (8:00 am–11:45 am ET)

1A: Hot Tax Planning Developments Under the Current Tax Law
Stephen Renberg ( ),

Are you up-to-date on the latest tax-planning developments for 2019? This course, newly authored by Margaret F. Suralik, CPA/ABV, ASA, explores the hottest tax-planning topics that will impact you and your clients. Discover how these topics may impact tax-planning strategies and be in a position to help minimize your client’s tax bill. Course materials include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law.
 
Level: Intermediate

Field of Study: Taxes

Wednesday, October 30, 2019 (8:00 am–11:45 am ET)

1B: Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know
Leah Donti ( 9044-8507 Quebec, Inc., Laval, Quebec, ),

The new accounting standard for revenue recognition was released in 2014, but its effective date is right around the corner. With the issuance of FASB ASU No. 2014- 09, Revenue from Contracts with Customers, FASB has completed a convergence project. For years, revenue recognition has been the cause of audit failures and the focus of corporate abuse and fraud allegations. This course will provide you with an in-depth understanding of the framework for revenue recognition built around the core principle that is applied in a five-step process. In addition, understanding the changes and new requirements is critical for successful implementation of this new standard. Supported by practical examples, this course will assist you in avoiding revenue recognition traps and provide you with latest FASB guidance.
 
Level: Intermediate

Field of Study: Accounting

Wednesday, October 30, 2019 (8:00 am–11:45 am ET)

1C: Financial Forecasting: Planning for Success
Mr. James Lindell ( The Association of International Certified Professional Accountants, Durham, NC ),

Proper planning is the key to the success of any company. With CPAs constantly being asked to plan a company’s future, forecasting is one area to demonstrate your special value. This course provides the tools necessary to project the balance sheet and statements of income and cash flow. Determine the company’s maximum sustainable growth and predict its external fund requirements.
 
Level: Basic

Field of Study: Finance

Wednesday, October 30, 2019 (8:00 am–11:45 am ET)

1D: Annual Update for Governments & Not-for-Profits
Jack Georger ( The Association of International Certified Professional Accountants, Lewisville, TX ),

Catch up on the latest developments in accounting and auditing for state and local governments and not-for-profits in a power-packed four-hour session. You will review recent activities of the OMB, GAO, AICPA, GASB, and FASB, and also get a feel for significant projects that these organizations are working on for the future.
 
Level: Update

Field of Study: Accounting (Governmental), Auditing (Governmental)

Wednesday, October 30, 2019 (12:15 pm–4:00 pm ET)

2A: Reviewing S Corporation Tax Returns: What Are You Missing?
Stephen Renberg ( ),

Join us as we discuss the common errors practitioners make on S Corporation tax returns that are often missed by review staff. The intent is to sharpen skills for reviewers by examining case studies and discussing issues where additional information from the client may be warranted and areas of tax law where proper treatment requires additional analysis and information. Multiple issues will be discussed including income, deductions, K-1 reporting, and more! Course materials include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law. This course follows a highly illustrative case study format to increase participant comprehension and retention.
 
Level: Intermediate

Field of Study: Taxes

Wednesday, October 30, 2019 (12:15 pm–4:00 pm ET)

2B: Fraud & Cash Receipts: Common Frauds & Internal Controls
Leah Donti ( 9044-8507 Quebec, Inc., Laval, Quebec, ),

Revenue and cash receipts are two critical areas that require strong controls to prevent intentional fraud or unintentional misstatements. While there is well-publicized fraud in these areas in larger companies, it also occurs in smaller businesses and not-for-profit entities. A sound system of internal controls is needed to help prevent fraud. All too often, a “one-size-fits-all” system is put in place without considering the uniqueness of each entity. It is crucial that an internal control system is tailored so that the areas of greatest risk receive the most attention.
 
Level: Basic

Field of Study: Auditing

Wednesday, October 30, 2019 (12:15 pm–4:00 pm ET)

2C: Developing Your Digital Mindset
Mr. James Lindell ( The Association of International Certified Professional Accountants, Durham, NC ),

The accounting and finance profession is seeing seismic change because of new technologies, which are developing and launching ahead of the profession’s ability and willingness to adapt to them and take advantage of its benefits. Digital mindsets are reported to be one of the key barriers in the initial adoption of technology, its full use, and exploiting the opportunity it presents. Many early adopters are still experimenting but most of the market are in the late-majority category of adopters. This course will explain what it means to develop a digital mindset, including concepts related to agility, constant learning, thriving in ambiguity, curiosity, and innovation. Through tangible examples, this course will help participants gain knowledge about the competencies needed to thrive in today’s disruptive world, enhance employability, accelerate company performance, and manage the accelerating and relentless pace of change.
 
Level: Basic

Field of Study: Business Management & Organization

Wednesday, October 30, 2019 (12:15 pm–4:00 pm ET)

2D: Real-World Frauds Found in Governments
Jack Georger ( The Association of International Certified Professional Accountants, Lewisville, TX ),

Frauds in governments are as unique as government entities themselves. Through a comprehensive learning approach using examples, explanations of audit standards and informative case studies, learn about real-world government fraud, including cyber fraud, and your responsibilities when dealing with government fraud. This course analyzes several unique frauds which occurred in the government sector. (Yellow Book)
 
Level: Basic

Field of Study: Auditing (Governmental)

Thursday, October 31, 2019 (8:00 am–11:45 am ET)

3A: Reviewing Individual Tax Returns: What are You Missing?
Stephen Renberg ( ),

Join us as we discuss the common errors practitioners make on individual tax returns that are often missed by review staff. The intent is to sharpen skills for reviewers by examining case studies and discussing issues where additional information from the client may be warranted and areas of tax law where proper treatment requires additional analysis and information. Multiple issues will be discussed including pass-thru K-1s, home office issues, hobby losses, rental property, hiring spouses, depreciation, §179 issues, amortization and more! Course materials include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law. This course follows a highly illustrative case study format to increase participant comprehension and retention.
 
Level: Intermediate

Field of Study: Taxes

Thursday, October 31, 2019 (8:00 am–11:45 am ET)

3B: Accounting & Auditing Update
Leah Donti ( 9044-8507 Quebec, Inc., Laval, Quebec, ),

Keep abreast of the fast-paced changes in accounting and auditing. This comprehensive course covers all the relevant pronouncements, exposure drafts, and other guidance recently issued in the accounting and auditing arenas. Let us sort through all of the complexities and help you identify and apply recently issued FASB and ASB standards and guidance. With the rate of change in today’s regulatory environment, you must stay current on all of the topics impacting the profession—don’t get left behind!
 
Level: Update

Field of Study: Accounting, Auditing

Thursday, October 31, 2019 (8:00 am–11:45 am ET)

3C: Controller’s Update: Today’s Latest Trends
Mr. James Lindell ( The Association of International Certified Professional Accountants, Durham, NC ),

Strengthen your abilities as a controller and help your management team understand current economic issues through the latest trends in accounting, finance, human resources, treasury management, and business systems. In this course you will discuss leading-edge topics in managerial accounting and finance in a session that is packed with useful tips and practical guidance that you can apply immediately.
 
Level: Update

Field of Study: Finance

Thursday, October 31, 2019 (8:00 am–11:45 am ET)

3D: Financial Reporting for Not-for-Profit Entities
Jack Georger ( The Association of International Certified Professional Accountants, Lewisville, TX ),

Do you know what makes not-for-profit accounting and financial reporting different? This course will cover the requirements under FASB’s financial statement standard and provide insight into what makes not-for-profit financial reporting different, such as accounting for grants and contracts. This course will train you to clear key hurdles in not-for-profit accounting and reporting in an efficient and effective manner. Avoid the potholes of confusion and provide a financial picture that end users can truly understand.
 
Level: Intermediate

Field of Study: Accounting (Governmental)

Thursday, October 31, 2019 (12:15 pm–4:00 pm ET)

4A: Social Security & Medicare: Maximizing Retirement Benefits
Stephen Renberg ( ),

Our Social Security system provides retirement, disability, and survivor benefits to millions of Americans. The long-term future of Social Security and Medicare is uncertain, triggering concerns for many workers who are now paying into the system. Attend this course to learn about FICA, the Medicare tax, and more. You will cover real-world situations and use the tools provided to advise your clients to make optimal decisions when it comes to Social Security and Medicare.
 
Level: Intermediate

Field of Study: Taxes

Thursday, October 31, 2019 (12:15 pm–4:00 pm ET)

4B: The Bottom Line on the New Lease Accounting Requirements
Leah Donti ( 9044-8507 Quebec, Inc., Laval, Quebec, ),

How do the leasing requirements in the new standard differ from current GAAP? This course addresses that question by focusing on the basic core principles of the new standard. Discussion includes basic identification, recognition, measurement, presentation, and disclosure requirements. Case study exercises are included to illustrate application of the new standard. This course discusses the lessee accounting model, including lease classification, amortization of the right-of-use asset, and interest on the lease liability. This course also discusses the lessor accounting model, including profit recognition and collectability.
 
Level: Intermediate

Field of Study: Accounting

Thursday, October 31, 2019 (12:15 pm–4:00 pm ET)

4C: Risk, Cost, & Cash Management for Controllers & Financial Managers
Mr. James Lindell ( The Association of International Certified Professional Accountants, Durham, NC ),

When an organization fails, it is usually due to several factors. These often result from a number of undetected, poor practices that infect and grow throughout the entire organization. They can include a lack of understanding of costs, poor asset allocation, systems that support the status quo, failure to identify risk, tunnel vision by management, and so on. Often, management will repeat poor practices across the enterprise. For example, do you think a so-called “budgeting crisis” is normally due to the budget, or actually hidden, existing problems that were uncovered due to the budgeting process* This course demonstrates the use of practices and techniques specifically designed to assist CPAs and other financial professionals in adding value to their company through improved decision-making, cost management, understanding business cycles, managing continuous improvements, cash management, and risk management. Examples of actions by both successful and failed organizations are used throughout the session.
 
Level: Intermediate

Field of Study: Management Services

Thursday, October 31, 2019 (12:15 pm–4:00 pm ET)

4D: Real-World Frauds Found in Not-for-Profits
Jack Georger ( The Association of International Certified Professional Accountants, Lewisville, TX ),

Due to the nature of NFPs, fraud may be more common than it seems. Through a comprehensive learning approach using real-world examples, explanations of audit standards and informative case studies, learn how to recognize red flags of fraud in NFPs, including cyber fraud. This course analyzes several unique frauds which occurred in the NFP industry.
 
Level: Intermediate

Field of Study: Auditing (Governmental)

Friday, November 1, 2019 (8:00 am–11:45 am ET)

5A: Capitalized Costs & Depreciation: Key Issues & Answers
Stephen Renberg ( ),

Gain a comprehensive and practical understanding of the various complex tax laws dealing with property transactions from acquisition to disposition. This course provides analysis of the rules dealing with depreciation, amortization, like-kind exchanges, involuntary conversions, and sale of property. It also covers important property-related timing issues and planning opportunities that can lead to significant tax savings for C Corporations and S Corporations. Course materials include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law.
 
Level: Basic

Field of Study: Taxes

Friday, November 1, 2019 (8:00 am–11:45 am ET)

5B: The Most Common Financial Statement & Asset Fraud Schemes: How to Detect & Prevent Them
Leah Donti ( 9044-8507 Quebec, Inc., Laval, Quebec, ),

How do the leasing requirements in the new standard differ from current GAAP? This course addresses that question by focusing on the basic core principles of the new standard. Discussion includes basic identification, recognition, measurement, presentation, and disclosure requirements. Case study exercises are included to illustrate application of the new standard. This course discusses the lessee accounting model, including lease classification, amortization of the right-of-use asset, and interest on the lease liability. This course also discusses the lessor accounting model, including profit recognition and collectability.
 
Level: Intermediate

Field of Study: Auditing


Share This Event

Event Vendor:The Association of International Certified Professional Accountants
Field of Study:Accounting, Accounting (Governmental), Auditing, Auditing (Governmental), Business Management & Organization, Finance, Management Services, Taxes
Level: Update

Event Type:Seminar
Event Code:MCLU0019

Registration Fees

Early Bird Rate expires October 16, 2019

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