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Business & Industry Spring Conference

8:00 am–12:00 pm ET

# of CPE Credits

20

Description

This years Business & Industry Spring Conference event will only be held virtually. 
 
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.
 

 

Objective

Participants will be able to discuss various issues that impact CPAs and business professionals working in industry.

Highlights

* Economic Overview * The New Emerging Workplace * 2021 Technology Updates * Enterprise Performance Management (EPM) for the COVID-19 Recovery with Data Analytics * Political Update 2021 * Cybersecurity *

Who Should Attend

CPAs and financial professionals serving in business and industry (i.e., CEOs, CFOs, COOs, controllers, internal auditors, and treasurers) and any staff with financial operations & analysis.

Required Knowledge

None

Advanced Prep

None

Event Speaker(s)

Ms. Anna Beavon Gravely ( North Carolina Free Enterprise Foundation, ), Mr. Robert Broome, CAE ( NCACPA, Raleigh, NC ), Dr. Jack Cathey, PhD, CPA ( UNC Charlotte, Huntersville, NC ), Dr. Cal Christian, CPA, PhD ( East Carolina University-College of Business, Greenville, NC ), Mr. Gary Cokins, CPIM ( Analytics-Based Performance Management LLC, Cary, NC ), Mr. Joe Dickinson ( Michael Best & Friedrich LLP, Milwaukee, WI ), Leah Donti, CPA, CMA, MBA ( Advantage Montreal Seminars Inc., Laval, Quebec, PQ ), Herschel Frierson ( Crowe LLP, South Bend, IN ), Lisa Gabriel, CFP, ChFC ( Pinafore Wealth Counsel Inc., Durham, NC ), Isaac Heller ( Trullion, ), Linda Hunter ( Catapult, Raleigh, NC ), Mr. Randolph P. Johnston, MCS, MCP ( K2 Enterprises, Hammond, LA ), Nick Katko, CPA, MBA ( BMA Inc., Lexington, KY ), Dr. Gary Kohut, PhD ( UNC Charlotte-The Belk College of Business, Charlotte, NC ), Mr. Jonathan Cory Kraftchick, CPA ( Cherry Bekaert LLP, Raleigh, NC ), Mark Mellen, ESG, GRI, SASB, TCFD ( Deloitte Tax LLP, Denver, CO ), Amy Pack ( AccruePartners, Charlotte, NC ), Dr. Joseph Denard Reid, CPA ( East Carolina University, Greenville, NC ), Graham Rogers ( EisnerAmper, Charlotte, NC ), Ms. Denise Ryan, MBA, CSP ( FireStar Speaking, Raleigh, NC ), Ms. Holly Sullenger, PhD ( Cary, NC ), David Sumner ( EisnerAmper, Charlotte, NC ), Dr. Michael L. Walden, PhD ( NC State University-Agricultural and Resource Economics, Raleigh, NC ),

Additional Event Information

Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], and a team member will contact you shortly.

*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via phone or email 30 minutes prior to the start of a live online program.


Sessions

Wednesday, May 19, 2021 (8:05 am–9:20 am ET)

General #1: Economic Recovery from the COVID-19 Recession: Challenges and Opportunities
Dr. Michael L. Walden, PhD ( NC State University-Agricultural and Resource Economics, Raleigh, NC ),

The session will examine the immediate past, present, and future of the U.S. and North Carolina economies. A review of the Covid-19 recession in 2020 will examine the extent of the losses, the impact of the federal response, and the long-run impacts of the substantial federal borrowing on the future economy. Next, the on-going recovery of the economy in 2021 will be measured by several metrics, including production, employment, and spending. Forecasts for these metrics will be presented for 2021 and beyond. The final section of the presentation will examine the ways in which the post-pandemic economy will be different with respect to jobs, the work environment, and geographic location of businesses and households. Implications for public policy will be highlighted.
CPE: 1.50 hours
SHRM: 1.25 PDCs

Field of Study: Economics

Wednesday, May 19, 2021 (9:35 am–10:50 am ET)

General #2: Advocating Diversity in the Profession
Herschel Frierson ( Crowe LLP, South Bend, IN ), Mr. Jonathan Cory Kraftchick, CPA ( Cherry Bekaert LLP, Raleigh, NC ),

A fireside chat with Herschel Frierson, the chairman of the Board of Directors of the National Association of Black Accountants. This session will dive deep into the need for Diversity, Equity & Inclusion in the Accounting Profession and explore ways everyone can help support DEI efforts.
CPE: 1.50 hours

Field of Study: Personal Development

Wednesday, May 19, 2021 (11:00 am–12:00 pm ET)

1A: Retirement Readiness
Lisa Gabriel, CFP, ChFC ( Pinafore Wealth Counsel Inc., Durham, NC ),

Today’s “Four-Legged Retirement Stool” offers opportunities to mix, match and customize retirement vehicles to minimize taxes and maximize retirement success. Take advantage of “tax-smart” strategies to manage Required Minimum Distributions before the IRS limits your choices. Social Security benefits can do some heavy lifting in your retirement plan with the right claiming strategy. Learn three “secret” uses for Health Savings Accounts. Join us and set your retirement up for success.

CPE: 1.00 hours

Field of Study: Finance

Wednesday, May 19, 2021 (11:00 am–12:00 pm ET)

1B: What the Heck is Lean Accounting?
Nick Katko, CPA, MBA ( BMA Inc., Lexington, KY ),

Lean accounting, simply defined, is the application of lean thinking to all accounting systems and processes – in both financial accounting and managerial accounting. Successful lean accounting transformations focus on developing and mastering new practices in everyday work.

The overriding goal lean accounting is to serve customers better. In financial accounting processes, it’s common knowledge what customers want, such as paying invoices on-time and closing the books quickly. In lean financial accounting, it’s about how to deliver these products and services in the least-waste way possible.

Management accounting, on the other hand, is responsible for providing information (products) and consultation (services) to many internal users. The value internal users receive from management accounting is the “decision-usefulness” of its products and services. In a lean company, the definition of relevant & reliable information changes, and management accounting must adapt to these changes.

In this event you will learn the:
• what accounting needs to understand about lean thinking in order to be able to practice lean accounting.
• The 4 foundational practices of understanding value, identifying waste, using PDCA and lean measurement
• How to apply the 4 foundational practices to improve accounting processes and practice lean financial management.
CPE: 1.00 hours

Field of Study: Accounting

Wednesday, May 19, 2021 (1:00 pm–2:00 pm ET)

2A: AI for Firms: Leveraging Modern Technology for Lease Accounting & New Standards
Isaac Heller ( Trullion, ),

Due to recent technological innovations the CPA profession is on the verge of a great transformation. This session focuses on what CPAs need to know about artificial intelligence, starting with identifying what exactly artificial intelligence is and possible implications for CPAs.

Examples will be provided to identify how AI is already being used to help automate and streamline accounting processes, using ASC 842 Lease Accounting as an example. Additionally, projections and forward-looking ideas will be presented for attendees to consider as AI platforms and tools become more mainstream.
CPE: 1.00 hours

Field of Study: Information Technology

Wednesday, May 19, 2021 (1:00 pm–2:00 pm ET)

2B: Effective Virtual Communication
Ms. Denise Ryan, MBA, CSP ( FireStar Speaking, Raleigh, NC ),

Communicating virtually is different. Even if you are just attending a virtual meeting, you need to interact differently. This session will help you master the virtual environment. You’ll learn:

the mistakes people make when communicating virtually and how to avoid them
5 tips to look amazing virtually
how to set up your office for virtual communication (product recommendations included – it costs less than you think!)

Virtual communication isn’t going away. The expectation is that you will meet on a virtual platform if requested. Many people are still struggling with this and don’t come across very well. Attend this session and take your virtual communication to the next level.
CPE: 1.00 hours
SHRM: 1.00 PDCs

Field of Study: Communications

Wednesday, May 19, 2021 (2:20 pm–3:20 pm ET)

3A: Building a Better Work/Life Balance Now and In the Future
Dr. Gary Kohut, PhD ( UNC Charlotte-The Belk College of Business, Charlotte, NC ),

Over the last decade, work/life balance has emerged as a major issue for organizations to address. Studies have shown that helping employees achieve a work/life balance can have enormous benefits for employers. Among these benefits include increased workplace morale, less stress at work, lower levels of absenteeism, increased initiative and enhanced teamwork. In a nutshell, helping employees attain a work/life balance ultimately benefits an organization.

However, the challenge of not being able to turn off our workplace thoughts is significant. Thoughts of work constantly intercede into our non-work lives and can cause unnecessary anxiety, sleeplessness and other mental issues. Furthermore, the pandemic has triggered unprecedented disruptions in work, school, social connections and many industries. It has also accelerated digital transformation into warp speed, creating radical shifts in the new “everything-from-home” environment. Harvard researcher Joel Goh has estimated that workplace stress currently accounts for up to $190 billion in healthcare costs every year in the U.S. —that’s nearly 8 percent of all corporate healthcare spending.

One key challenge to work/life balance is that the concept is highly subjective, i.e., one employee’s idea of balance probably differs from another’s. Even then, there are certain things that an organization can do to increase an employee’s chances of achieving work/life balance. This session will explore examples of organizations who are making significant inroads at developing a productive work/life balance for their employees as well as tactics that participants can adopt to improve their own balance.
CPE: 1.00 hours
SHRM: 1.00 PDCs

Field of Study: Personal Development

Wednesday, May 19, 2021 (2:20 pm–3:20 pm ET)

3B: COVID: What Does it Mean for the Future of Business?
Amy Pack ( AccruePartners, Charlotte, NC ), Dr. Joseph Denard Reid, CPA ( East Carolina University, Greenville, NC ),

How does COVID impact the long term future? This sessions gives a futurist general look at multiple life aspects now with COVID – broadly discussing workplace changes, educational changes (both lower and higher education) amongst other aspects to close on how we institutionally learn from COVID to apply to the next pandemic.
CPE: 1.00 hours

Field of Study: Personnel/Human Resources

Wednesday, May 19, 2021 (3:30 pm–4:55 pm ET)

4A: The New Emerging Workplace: Looking to 2025 and Beyond
Dr. Gary Kohut, PhD ( UNC Charlotte-The Belk College of Business, Charlotte, NC ),

Work as we know it has drastically changed due to the coronavirus pandemic. Whether it’s the physical location where employees work, the challenges these workers are overcoming to meet demands, or the attitudes workers now have, one thing is certain: “Normal” is now a term that describes the past.

Trends that emerge this year will pave the way forward in creating a workplace that is thoughtful towards employee needs and harnesses their potential to the fullest. And adapting to this kind of change is critical to the future of work. For businesses looking to win the battle for top talent, exploiting these movements may be what sets them apart in the years to come.

Leaders preparing for tomorrow’s workforce know they face the twin challenges of producing growth and preparing for the new, often unknown opportunities the future will bring. The most astute leaders also know they must answer a deeper question: How can I deliver great performance by helping our people to thrive? This requires a clear vision for an uncertain world – one that sets out transparently the plans that allow people to take on new and augmented roles, and vitally, to create a compelling people experience.
The workplace of the future will be one that can anticipate trends and pivot quickly to take advantage of new ways of working. In this session participants will learn accelerating trends, new impacts, and critical shifts affecting the future of work and the actions business leaders should be taking today to keep their workplaces competitive tomorrow.
CPE: 1.25 hours
SHRM: 1.25 PDCs

Field of Study: Business Management & Organization

Wednesday, May 19, 2021 (3:30 pm–4:55 pm ET)

4B: Top Accounting & Reporting Issues During the Pandemic
Leah Donti, CPA, CMA, MBA ( Advantage Montreal Seminars Inc., Laval, Quebec, PQ ),

2021 is proving to be another busy year for industry CPAs in the area of accounting and reporting. This informative session will focus on critical accounting issues with COVID-19.

Highlights:
*Accounting for payroll protection program (PPP) loans
*Impairment testing for goodwill, other intangibles and tangible assets
*Financial asset impairment
*Subsequent events and going concern
*Risks and uncertainties
CPE: 1.25 hours

Field of Study: Accounting

Thursday, May 20, 2021 (8:05 am–9:20 am ET)

General #3: 2021 Technology Updates
Mr. Randolph P. Johnston, MCS, MCP ( K2 Enterprises, Hammond, LA ),

The technology tools available to businesses have never been better, but many are not taking full advantage of these tools. Technology Update helps professionals, at all levels, understand the major trends in hardware, software, and services and how to utilize these tools to meet organizational objectives both efficiently and effectively. More than just a seminar on the latest computers, you will learn about some of the practical technology available to you and your team and how to implement these tools for maximum impact.
CPE: 1.25 hours
SHRM: 1.25 PDCs

Field of Study: Computer Software & Applications

Thursday, May 20, 2021 (9:35 am–10:25 am ET)

5A: Professional Ethics & Conduct 2021
Dr. Cal Christian, CPA, PhD ( East Carolina University-College of Business, Greenville, NC ),

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 provide the foundation for examining the standards of ethical conduct. These 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. Each year, North Carolina CPAs must complete a minimum of 50 CPE minutes in activities on regulatory or behavioral professional ethics and conduct. This 50-minute CPE activity is considered a regulatory activity that will examine the requirements that a North Carolina CPA must be aware of when meeting their annual requirements of CPE and the renewal guidelines for their CPA license.
CPE: 1.00 hour

Field of Study: Regulatory Ethics

Thursday, May 20, 2021 (9:35 am–10:25 am ET)

5B: Life (or at least work) Without COVID
Linda Hunter ( Catapult, Raleigh, NC ),

Discussion around what employers need to think about in returning to ‘normal’ after COVID. We will go over lessons learned, what employers need to consider moving forward and ways to come out as a stronger business on the other side. Topics will include the future of remote work, the importance of communication and technology as well as policies and employee relations.
CPE: 1.00 hour
SHRM: .75 PDCs

Field of Study: Personnel/Human Resources

Thursday, May 20, 2021 (10:50 am–11:55 am ET)

6A: Improving Productivity with Microsoft Office 365
Mr. Randolph P. Johnston, MCS, MCP ( K2 Enterprises, Hammond, LA ),

Highlights of the session include:
*Understanding the Office 365 cloud interface
*Cloud storage with SharePoint and OneDrive
*Review of apps and services to improve productivity
CPE: 1.00 hours
SHRM: 1.00 PDCs

Field of Study: Computer Software & Applications

Thursday, May 20, 2021 (10:50 am–11:55 am ET)

6B: The Dynamic Shifts - Recruiting Talent Post COVID
Amy Pack ( AccruePartners, Charlotte, NC ), Dr. Joseph Denard Reid, CPA ( East Carolina University, Greenville, NC ),

Session Description Coming Soon!
CPE: 1.00 hour
SHRM: 1.00 PDCs

Field of Study: Business Management & Organization

Thursday, May 20, 2021 (12:55 pm–2:05 pm ET)

7A: Financial Data Analysis and Integration with Power Pivot and Power BI
Mr. Randolph P. Johnston, MCS, MCP ( K2 Enterprises, Hammond, LA ),

Power Pivot provides unparalleled options for analyzing data and preparing summary reports in Excel. With Power Pivot, available in Microsoft Office Professional Plus or the standalone version of Excel, your PivotTable reports become even more powerful. Power Pivot can connect directly to many common external data sources or can be used in conjunction with Power Query for superior data import and transformation capability. DAX functions allow users to create sophisticated calculations, both columns and measures, and the relational functionality of Power Pivot provides all the tools necessary for creating an intermediary database from multiple data sources.

You will also learn how you can link data into Power BI and do financial data analysis with ease. From there, you will learn how to build even more sophisticated reports from differing types of data and how you can apply sophisticated filters to meet your exact reporting needs. Put Power Pivot and Power BI to use immediately by participating in this very practical session, which is sure to help you improve your analytical and reporting processes.
Major Topics Covered
• Differentiate between ordinary PivotTables and those created with Power Pivot
• Describe the advantages of working with Power Pivot
• Define Data Models, Data Analysis Expressions, and Key Performance Indicators
Learning Objectives
Upon completing this session, you should be able to:
• Explain, at a high-level, the procedure for building a PivotTable using Power Pivot
• Identify the required steps to query data into Power BI
• List examples of useful transformations you can create in Power BI
CPE: 1.25 hours
SHRM: 1.25 PDCs

Field of Study: Information Technology

Thursday, May 20, 2021 (12:55 pm–2:05 pm ET)

7B: Leading a Virtual Team
Ms. Holly Sullenger, PhD ( Cary, NC ),

Remote work, seen as an option until 2020, has become a necessary way to do business in today’s climate. Suddenly, most work teams are virtual teams.

Virtual teams differ from in-person teams in many ways. An astute leader can take their virtual team to new heights by addressing these differences in a way that allows them to strategically grow and nurture the team.

This seminar will provide participants with the basic understanding of how virtual teams best function, what motivates virtual team members, and what brings out the best in today’s remote worker. Emphasis will be placed on actions that virtual team leaders can take to help their teams flourish and succeed.

This seminar will cover:
* Virtual Team Best Practices
* Motivation Techniques for Virtual Team Members
* Tips and Tricks to Spur Creativity and Innovation in a Remote Team
* The Top Actions that Make Virtual Team Leaders Great
CPE: 1.25 hours
SHRM: 1.25 PDCs

Field of Study: Personal Development

Thursday, May 20, 2021 (2:20 pm–3:20 pm ET)

8A: Enterprise Performance Management (EPM) for the COVID-19 Recovery with Data Analytics
Mr. Gary Cokins, CPIM ( Analytics-Based Performance Management LLC, Cary, NC ),

Organizations can benefit from leveraging enterprise performance management (EPM) methods to assist them with their recovery from the Covid-19 pandemic to a “near” normal environment. The pandemic has disrupted all organizations from the path they were headed. Applying EPM methods will be essential for organizations to navigate returning to their prior path and potentially on a trajectory course with even better performance than the direction they were headed. Key EPM methods will be (1) net cash flow projections based on driver-based demand forecasting; (2) calculating the more profitable products, service lines, channels, and customers; and (3) identifying the key performance indicators [KPIs] to monitor to keep managers aligned with the actions needed to recover. This presentation will describe how to complete the full vision the enterprise performance management methods including analytics.
CPE: 1.00 hour

Field of Study: Business Management & Organization

Thursday, May 20, 2021 (2:20 pm–3:20 pm ET)

8B: ESG: Environmental, Social, Governance Outlook
Mark Mellen, ESG, GRI, SASB, TCFD ( Deloitte Tax LLP, Denver, CO ),

This session will explore the basics to provide an understanding of ESG and what it is. We’ll discuss the relevancy and why ESG is a hot topic with industry leaders. Finally, we look at the evolving disclosure landscape and what to consider.
CPE: 1.00 hours

Field of Study: Specialized Knowledge

Thursday, May 20, 2021 (3:30 pm–4:45 pm ET)

General #4: NC's Political Landscape: The Aftermath of the 2020 Election
Ms. Anna Beavon Gravely ( North Carolina Free Enterprise Foundation, ), Mr. Robert Broome, CAE ( NCACPA, Raleigh, NC ),

The hype around the 2020 election was well-deserved. There was much at stake in November, but now that the dust has settled a bit more on the outcomes of those elections, we are left with a new question – what did November mean for 2021 and more importantly…for 2022? In this session, NCFREE Executive Director Anna Beavon Gravely sits down with NCACPA Director of Advocacy Robert Broome to talk specifics about the impact of the 2020 elections, and what it all means for the 2022 election cycle.
CPE: 1.25 hours

Field of Study: Specialized Knowledge

Friday, May 21, 2021 (8:05 am–9:20 am ET)

General #5: Cybersecurity
Dr. Jack Cathey, PhD, CPA ( UNC Charlotte, Huntersville, NC ),

The endless cat and mouse of cybersecurity can grow tiring, but as the evidence from this pas year illustrates that would not be the best choice. In this session we will cover the most significant attacks and breaches to gain insight into how the attacker community is advancing. We will also cover the best approach to reducing your cyber risk with a focus on the tips, tools, and techniques designed to help thwart not only the current but future attacks.
CPE: 1.25 hours
SHRM: 1.25 PDCs

Field of Study: Information Technology

Friday, May 21, 2021 (9:35 am–10:30 am ET)

9A: Blockchain, Bitcoin and Beyond
Mr. Joe Dickinson ( Michael Best & Friedrich LLP, Milwaukee, WI ),

The presentation will touch on important topics such as how this technology works, where it is headed and what are the privacy and security dilemmas involved? Our session includes a panel including a Bitcoin business expert and a FBI Cyber Agent. Our session leader is a cybersecurity lawyer with more than 30 years of experience in his field.
CPE: 1.00 hours

Field of Study: Information Technology

Friday, May 21, 2021 (9:35 am–10:30 am ET)

9B: Fraud Risks During a Pandemic and Beyond
Graham Rogers ( EisnerAmper, Charlotte, NC ), David Sumner ( EisnerAmper, Charlotte, NC ),

This session will explore the fraud risks associated with the COVID pandemic. We will discuss red flags for fraud and how to mitigate your company’s exposure to fraud risk.
CPE: 1.00 hours

Field of Study: Accounting

Friday, May 21, 2021 (10:40 am–11:55 am ET)

General #6: Staying Motivated During Challenging Times
Ms. Denise Ryan, MBA, CSP ( FireStar Speaking, Raleigh, NC ),

Motivational speeches are so 2019. Join us for a Pandemic Pep Rally! In this fast-paced, tip packed session, you’ll get ideas that will help you keep your spirits up and your head in the game.

Some of the things we’ll cover:

* For those of you who might have an inner control freak – you’ll get tips for calming him/her down in this uncontrollable time
* Tips for boosting your immune system and being more productive
* Lessons learned from this experience
CPE: 1.25 hours
SHRM: 1.25 PDCs

Field of Study: Personal Development


Share This Event

Event Vendor:NCACPA
Field of Study:Accounting, Business Management & Organization, Communications, Computer Software & Applications, Economics, Finance, Information Technology, Personal Development, Personnel/Human Resources, Regulatory Ethics, Specialized Knowledge, Various
Level: Overview

Event Type:Webcast
NASBA Instructional Method:Group Internet Based
Event Code:WCNMBS21

Registration Fees

3-Day RegistrationEarly BirdRegular
NCACPA MemberN/A$510.00
Non-MemberN/A$610.00
Other CPA State Society MemberN/A$510.00
Thursday Only RegistrationEarly BirdRegular
NCACPA MemberN/A$280.00
Non-MemberN/A$380.00
Other CPA State Society MemberN/A$280.00
Wednesday Only RegistrationEarly BirdRegular
NCACPA MemberN/A$280.00
Non-MemberN/A$380.00
Other CPA State Society MemberN/A$280.00
Wednesday & Friday OnlyEarly BirdRegular
NCACPA MemberN/A$480.00
Non-MemberN/A$580.00
Other CPA State Society MemberN/A$480.00
Wednesday & Thursday OnlyEarly BirdRegular
NCACPA MemberN/A$480.00
Non-MemberN/A$580.00
Other CPA State Society MemberN/A$480.00
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