Download the Event Brochure

2014
2012
Rocky Mountain
Area Conference
For Finance and Accounting Professionals
Register at: www.accountingconference.org
Thursday, September 25, 2014
Friday, September 26, 2014
Arvada Center
6901 Wadsworth Boulevard
Arvada, Colorado 80003
For more information and updates, please visit
our website at www.accountingconference.org.
Presented By:
16 Hours of Continuing Professional Education
Includes Colorado Qualifying Ethics (CQE)
Go to the RMAC website at www.accountingconference.org and click on “Join our mailing list”.
Add your email to be the first to hear about future conferences.
All sessions are presented in a group-live lecture format.
Keynote Speakers
Raven Catlin, CPA, CIA, CFSA – Reading People Like the Pages of a Book
Bob Vanourek – A Leadership Jam: How to Create Your High-Performance Team
Bruce Batkin – Economic Outlook: Navigating the Peaks & Pullbacks
Gina Williams – How Your Voice Becomes Your Choice
Corporate Sponsors
Member FDIC
CPE credits are based on a 50-minute hour. Participants must remain in a particular session for at least 50 minutes to earn a minimum of 1 CPE credit.
Under current Colorado State Board of Accountancy guidelines, all active Colorado licensees must complete four hours of ethics courses which may include
two hours of Colorado Rules & Regulations in every two year reporting period, to maintain their license in an active status. All attempts have been made to
ensure that these classes qualify for CPE credit under the rules of the Colorado State Board of Accountancy. Attendees have the responsibility to ensure that
the classes they attend conform to the CPE credit guidelines and policies of the association managing their certification or the state issuing their license.
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Keynote Speakers
Raven Catlin
Raven Global Training
Raven (Henderson) Catlin, CPA, CIA, CFSA is an internationally recognized expert, speaker, and
consultant in Risk Management and Internal Auditing. She has over 15 years of internal audit experience
and 11 years of seminar instruction and facilitation. Through her lively and interactive seminars and
presentations, you will gain valuable skills, motivation, and belief systems to achieve success. Raven is
a graduate of Virginia Commonwealth University. Before starting Raven Global Training in 2006, Raven
was a Consultant for Jefferson Wells and a Senior Manager at Protiviti. She held internal audit positions
with Freddie Mac, Bank of America (formerly NationsBank), and Philip Morris. Raven is a contributing
author to IIA’s CIA Learning System and has been published in Internal Auditor.
Bob Vanourek
Triple Crown Leadership
Bob is a popular speaker, leadership author, and the former CEO of five companies from a start-up to
a $1 billion New York Stock Exchange company. He was an officer at two Fortune 500 firms, including
Pitney Bowes, one of Jim Collins’ “good to great” companies. Bob’s businesses have won numerous
awards, including a state-level Malcolm Baldrige Quality Prize and the Shingo Prize for Manufacturing
Excellence, and Bob has served on numerous boards. He has been named one of the Top 100 Thought
Leaders in Trustworthy Business Behavior by Trust Across America in 2013 and 2014. Bob has taught
leadership at the University of Denver and Colorado Mountain College and is Chairman Emeritus of the
Vail Leadership Institute.
Bruce Batkin
Terra Capital Partners
Bruce Batkin is Co-Founder and Chief Executive of Terra Capital Partners, a boutique private equity
firm based in NYC that specializes in providing private financing for commercial real estate. Since
its founding in 2002, Terra has originated and managed investments in 40 million square feet of
U.S. property with a value of over $5 billion. It is the sponsor of Terra Secured Income Funds, fixed
income vehicles that are distributed through financial advisors to individual investors seeking stable,
current income. Since 1978, Mr. Batkin has been active in real estate acquisition, finance, investment
banking and development and has structured and invested in transactions with an asset value of
over $10 billion. Prior to co-founding Terra, he held senior management positions at Merrill Lynch
& Co., Donaldson, Lufkin & Jenrette (now Credit Suisse), ABN AMRO and several private real estate
development partnerships.
Gina Williams
Live In Tune Enterprises
Founder and CEO of Live in Tune, Gina Williams has been a life-long catalyst for change. An award winning
public speaker, teacher, and clinician, her ground-breaking approach to expression focuses on how our voice
shapes our effectiveness as creators. She has spent the last 10 years studying the connection between the
human body, mind, and voice. Gina started Live in Tune as a singing coach. After developing specialized
techniques to help her students “get out of their own way”, she noticed a curious side effect taking place. In
addition to giving effortless performances that would leave both her and the student in awe, her students’
moods, health, relationships, finances, and careers began improving. Realizing how her techniques could
benefit countless people, Gina sought to systematize her work and make it available to professionals looking
to unleash their potential in any realm of life. Gina has dedicated her life to finding the connection between
limited expression and disease. The study of neuro-linguistic programming (NLP), music, singing, and general
semantics have also contributed to the vast knowledge base that gives her approach to communication a
unique angle.
2014 RMAC Conference Schedule
Accounting/Auditing Course Descriptions
The Financial Reporting
Framework for SMEs
Jake Vossen, CPA
Hein & Associates LLP
The Financial Reporting Framework for Small and Medium-Sized
Entities or “FRF for SMEs™ is an
“accounting framework designed
for America’s small business community.” Although it is not GAAP, it
delivers financial statements that
provide useful, relevant information in a simplified, consistent,
cost-effective way. The FRF for
SMEs™ framework may be used
when GAAP financial statements
are not required. This presentation
will cover the differences between
the Framework and GAAP, and
will discuss the AICPA’s guide for
small businesses and financial
statement users. The seminar
will discuss a decision tree to
help determine when it might be
appropriate to follow the FRF for
SMEs™. Finally we will compare
the FRF for SMEs™ to the recent
FASB Private Company Council
pronouncements.
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Audit Reports that Demand
Attention and Impact
Change
Liz Meyers, CPA, CFE
Focus on Risk Enterprises
Writing an Audit Report that gets
results is not as difficult as one
might think. In this presentation we will focus on what matters most in a report that gets
executives to take action. We
will cover: focusing on the business objective(s), making recommendations that avoid the “so
what?” response from executives,
verifying the “Five Components of
Value” are present in each report,
and writing a report in 2 pages or
less.
Three Step Fraud
Detection for Employees,
Managers and Auditors
John J. Hall, CPA
Hall Consulting, Inc
Regardless of our role — auditor,
manager, or staff — we are all
concerned that fraud might happen on our watch. This session
will show you exactly how to look
for wrongdoing, misconduct and
outright fraud. You also learn what
to do and what to avoid when
wrongdoing is suspected. Time
will be specifically set aside for
participant questions. Course objectives include learning a ThreeStep approach to fraud detection,
how to act at the ‘Anti-Fraud Moment’ and building a list of effective actions aimed at fraud deterence and quick detection.
The Operational Auditor of
the Future
Janice Brotherton, CISA, CRISC
Chan Healthcare
This course will discuss the increasing challenges faced by today’s auditors in assessing and
helping their clients to manage
risk, regardless of industry. It will
highlight the criticality of increasing your department’s coverage
of technology risks, and discuss
ways to address risks despite the
composition of the audit team.
The course will overview technology risk and control concepts, and
will describe CHAN’s successful
approach to promoting technology
risk coverage at our clients using limited resources. The course
will provide suggestions for tools,
training and support methods to
help team members expand their
awareness and skill sets to perform more comprehensive audits
of any risk area.
Accounting Standards
Update
Ethical Aspects Related
to Suspension of the CPA
License (CQE)
Kevin O’Brien, CPA, JD
University of Denver
Starting with the recent sentencing of KPMG Partner Scott London
who plead guilty to insider trading
and the associated loss of his CPA
license, this presentation focuses
on the ethical underpinnings of
the kinds of conduct warranting
suspension of the CPA license.
Each state has its own rules
while the PCAOB, SEC, IRS, and
AICPA can also impact a CPA license. Through many examples,
the presentation will show how
proper application of ethical decision making can help avoid the
loss of one’s license to practice.
Objectives include familiarity with
what causes suspension, effects
of suspension, varying state views
of suspension, effects of whistleblowing to the SEC and the affect
of Colorado’s Marijuana law.
Steve Van Meter, CPA
CliftonLarsonAllen LLP
This course is designed to give an
overview of Accounting Standards
Updates (ASUs) issued since 2013
and their potential impact on financial reporting. You will learn
what’s in the pipeline regarding
proposed standards to identify issues that may impact your business and clients. This course will
also highlight the activities of the
Private Company Council including ASUs that have been issued
specifically for private companies.
We will discuss the factors to consider when evaluating whether
or not to adopt private company
standards.
For more information and updates, please visit our website at www.accountingconference.org.
2014 RMAC Conference Schedule
Thursday, September 25, 2014
Time
Management/
Leadership
Accounting/
Auditing
Taxation
Special Topics/
Corporate Finance
7:00 - 7:30
Registration and Continental Breakfast, Sponsored by: Hein & Associates LLP
7:30 - 7:40
Welcome and Opening Remarks
7:40 - 8:30
Keynote Speaker - Raven Catlin, CPA, CIA, CFSA, Raven Global Training
Reading People Like the Pages of a Book
FOS - Communications, Public Relations
8:45 - 10:25
The Financial Reporting
Framework for SMEs
The Risky Business of Corporate
Sustainability and the Involvement
of Internal Audit
2014 Tax Update:
What’s New & What’s Gone
Cash & Liquidity
Management
Jake Vossen, CPA
Hein & Associates LLP
Brent Olson, CPA, CIA,
CCSA, CGAP
McGladrey LLP
Victoria Marschner, CPA
Michael Cookson
Experis
FOS - Acctg, Fin Stmts & Rpts
10:40 - 12:20
(*I)
Audit Reports that Demand
Attention and Impact Change
FOS - Auditing, Reporting
FOS - MAS, Risk Management
(*I)
Office Politics and
Digital Etiquette
Liz Meyers, CPA, CFE
Focus on Risk Enterprises
FOS - Tax, Individual
(*I)
FOS - Comm, Group Dynamics
(*B)
(*I)
FOS - MAS, Cash Management
(*I)
Who the IRS is Targeting Now
and What Could Happen to Them
A Factor You May Not Have
Considered
Justin A Byrd, JD
Black Fin
Sami Ibrahim, CPA, CIA
Agility Solutions LLC
Kelly Haugland
Robert Half International
12:20 - 12:50
FOS - Tax, Individual
(*B)
FOS - Finance, Asset Management (*I)
Vendor Visitation
12:50 - 1:20
Lunch
1:20 - 2:20
Keynote Speaker Sponsored by: Alpine Bank
Bob Vanourek, Triple Crown Leadership
A Leadership Jam: How to Create Your High-Performance Team
FOS - Personnel, HR Management
2:20 - 2:50
2:50 - 4:30
(*B)
(*B)
Vendor Visitation
The Operational Auditor
of the Future
The Family Business: How to
be in Business with People You
Love…Without Hating Them
Ethics in Tax Practice (CQE)
Firearms in the Estate:
Planning for and
Administering Estates with
Firearms in Colorado
Janice Brotherton, CISA, CRISC
Chan Healthcare
Janna Hoiberg
Harvest Business Enterprises
Steven R Anderson, CPA, JD
Anderson & Jahde, PC
William F. Graf, JD &
Christopher R. Hornbaker
Davis Schilken, PC
FOS - Auditing, General
(*I)
FOS - BMO, Practice Skills
(*I)
FOS - Ethics, Practice in Business
(*B)
FOS - Spec Knowledge
(*B)
*NASBA Experience Ranking Code: *B = Basic *I = Intermediate *A = Advanced
No Prerequisites Required.
www.accountingconference.org
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2014 RMAC Conference Schedule
Friday, September 26, 2014
Time
Management/
Leadership
Accounting/
Auditing
Taxation
Special Topics/
Corporate Finance
7:00 - 7:30
Registration and Continental Breakfast, Sponsored by: Robert Half International
7:30 - 7:40
Welcome and Opening Remarks
7:40 - 8:30
Keynote Speaker - Bruce Batkin, Terra Capital Partners
Economic Outlook: Navigating the Peaks & Pullbacks
FOS - Economics
8:45 - 10:25
Accounting Standards Update
Are Audit Committees
Effectively Using Internal
Audit Teams?
The Potential Capital Gains Trap
in the 2013 Tax Law
Steve Van Meter, CPA
CliftonLarsonAllen LLP
Kate Ives, Esq, CIA, CFE
OFI Global Asset Management, Inc
Keith Davis, CPA, JD
Davis Schilken, PC
FOS - Acctg, Fin Stmts & Rpts
10:40 - 12:20
(*B)
(*I)
Three Step Fraud Detection
for Employees, Managers and
Auditors
FOS - Auditing, General
(*B)
FOS - Tax, Spec Tax Matters
Timothy J McCutcheon, CPA &
Peggy E Jennings, CPA
Eide Bailly LLP
(*I)
FOS - Spec Knowledge, NFP
2014 Labor & Employment
Law Update for Employers
Tax Efficient Strategies for
Business Owners
What is the Cloud and
Why is it Important?
Vance Knapp, JD,
Kelly Robinson, JD &
Elizabeth Chilcoat, JD
Sherman & Howard LLC
Kevin Stockton
Grey, Ryan, Wayne & Company
Marilyn Sudbeck, CPA
Nimbus Consulting
John J Hall, CPA
Hall Consulting, Inc
FOS - Spec Knowledge, Fraud
(*I)
Investments Accounting
and Financial Reporting for
Nonprofit Organizations
FOS - Personnel, Law
(*I)
FOS - Tax, Spec Tax Matters
12:20 - 12:50
Vendor Visitation
12:50 - 1:20
Lunch
1:20 - 2:20
(*I)
FOS - Comp Science, Spec Know (*B)
Keynote Speaker - Gina Williams, Live In Tune Enterprises
How Your Voice Becomes Your Choice
FOS - Communication, Business Presentations
2:20 - 2:50
2:50 - 4:30
(*B)
Vendor Visitation
Ethical Aspects Related to
Suspension of the CPA License
(CQE)
Starting an Internal Audit Shop
Tax Updates - Is Tax Reform
Coming Soon?
Letting Go of Your Business:
How to Position Your Business
For Sale
Kevin O’Brien, CPA, JD
University of Denver
John Olenberger, CPA, CIA
Colorado Independent
Consultants Network, LLC
David Click, JD
McGladrey LLP
Thomas J Lang, CPA &
Charles Spickert, CBI
Touchstone Business Advisors
FOS - Ethics, Standards & License (*B)
FOS - BMO, Organization
(*B)
FOS - Tax, Indiv & Business
(*I)
FOS - BMO, Mgmt Planning
*NASBA Experience Ranking Code: *B = Basic *I = Intermediate *A = Advanced
No Prerequisites Required.
www.accountingconference.org
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(*I)
(*I)
2014 RMAC Conference Schedule
Management/Leadership Course Descriptions
A Leadership Jam: How
to Create Your HighPerformance Team
Bob Vanourek
Triple Crown Leadership
In music, the jam session is often
a time for soloists to showcase
and refine their skills, challenging
themselves, in turn, to be more
creative and sharp than they were
the round before. It is also a time
is when musicians from different
bands come together and perform
as a new band, creating a new
performance experience. Jam
sessions may also take several
other forms, but all are are examples of a high-performance team
at work. Jams are highly collaborative and innovative, showcasing an inspiring combination of
technical skill and passion, requiring everyone take a turn at playing
the lead. They ask participants to
step outside their comfort zones
in order to achieve a next-level
performance. This is what you will
both experience and learn during
the Jam. As you collaborate and
innovate in a variety of interactive exercises, you will learn the
five essential practices of building a high-performance culture of
character that will stand the test
of time.
2014 Labor & Employment
Law Update for Employers
Vance Knapp, JD, Kelly Robinson,
JD & Elizabeth Chilcoat, JD
Sherman & Howard LLC
There are too many changes regarding employment law...and
you may not even be aware. This
update will bring you up to speed
whether you are an employee or
employer. Become familiar with
recent federal and state legislation as well as federal and state
labor employment case law.
Other objectives include familiarity with enforcement trends at
the EEOC and US Department of
Labor Wage & Hour Division and
an understanding of recent developments concerning marijuana in
the workplace.
How Your Voice Becomes
Your Choice
Gina Williams
Live In Tune Enterprises
How does your language choice
shape your experience? In this
thought provoking presentation
you will understand the power
your words have on your happiness, career, finances, relationships, and more. Don’t like the
bottom line on your quarterly
statement? Speak a new experience into existence. Don’t like
the way your marriage is going?
Speak a new experience into existence. Don’t like those extra 30
pounds? Speak a new experience
into existence. Learn a new language. The one you already use!
Understand the effectiveness of
communication and the connection between the human voice and
the ability to create what matters.
The Family Business: How
to Be in Business with
People You Love…Without
Hating Them
Janna Hoiberg
Harvest Business Enterprises
Starting an Internal
Audit Shop
John Olenberger, CPA, CIA
Colorado Independent Consultants
Network, LLC
This presentation is designed for
The elements of success for a both organizations with an existfamily business are very different ing Internal Audit (IA) function as
for each family. What works in well as those contemplating the
one, won’t work in another. Run- benefits and requirements of such
ning a business is hard enough, a function. For existing shops, this
combining business and family interactive presentation will prodynamics creates another set of vide the opportunity to benchmark
challenges and opportunities im- the practices of your organization
pacting the family in many ways. against best practices in running
How do you generate success, an effective IA shop. For new IA
maintain relationships, provide directors and organizations conleadership, create boundaries, sidering an IA function, this preand pass the torch to the next sentation is designed to provide
generation within the family busi- the essential elements of an efness and still maintain a positive fective IA function. Such elements
family dynamic? It isn’t always include functional suggestions or
easy. This workshop will provide requirements per IIA Red Book
the foundation for changing the standards, best practices, and soft
way you approach the family busi- skills to successfully bring an auThe Risky Business of
dit function to an organization that
Corporate Sustainability and ness.
may not be accustomed to such
the Involvement of Internal Office Politics and Digital
oversight. Among other things,
Etiquette
Audit
this presentation will include risk
Brent Olson, CPA, CIA, CCSA, CGAP Kelly Haugland
assessment and audit planning,
Robert Half International
McGladrey LLP
elements of effective report writCompanies have been increasing- Are office politics helping or ing, achieving management buyly embracing corporate sustain- harming your career? Politics are in, audit committee discussions,
ability in recent years and have at play in virtully every organiza- and operating a hotline.
been maturing their sustainability tion, but how you handle sensitive
oversight and reporting programs. workplace situations can make Are Audit Committees
A number of social, economic and or break your career. This pre- Effectively Using Internal
environmental risks identified in sentation reviews the common Audit Teams?
the sustainability process can types of “political players” in the Kate Ives, Esq, CIA, CFE
have a significant impact on an workplace, how to navigate of- OFI Global Asset Management, Inc
organization’s risk profile result- fice politics without compromising Most Internal Audit teams report
ing in rapid reputational damage your career, and how managers
either directly or indirectly to the
or financial loss if not mitigated. can “lobby” for a winning workAudit Committee for their Complace.
Discussion
will
continue
The internal audit department can
and should play an important role to the gray areas of communicat- pany. Have you ever wondered if
in considering these risks and ing in the digital age. Is it OK to you are providing the right content
related controls as part of the friend your boss? Can an e-mail and level of detail to your Audit
company’s risk universe and an- mistake jeopardize your career? Committee? This will be an active
nual audit plan. Course objectives Guidelines will be provided on panel discussion between CAEs
include: familiarity with defini- digital protocols in the workplace, and Audit Committee members. tions and concepts of corporate including LinkedIn, Facebook and Come hear directly from Audit
sustainability, understanding of Twitter, as well as traditional tools Committee members about what
current state and trends in sus- such as email. Audiences also will information they find most helptainability programs and reporting, gain a better insight into their so- ful. Objectives include an underawareness of sustainability risks cial networking style through an
standing of internal audit report
and the involvement of internal engaging quiz.
value, dynamic audit committee
audit.
reporting and suggestions when
working with audit committees.
16 Hours of Continuing Professional Education as low as $375. Early bird registration discount if submitted by 8/1/14.
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2014 RMAC Conference Schedule
Taxation Course Descriptions
2014 Tax Update: What’s
New & What’s Gone
Victoria Marschner, CPA
Review and analysis of significant
new and reinstated tax laws, revenue
rulings and notices affecting individuals. Related current and closed
tax cases will be discussed. Top
tax planning ideas for 2014 will be
presented. Course objectives are to
provide an update on individual taxes
and tax planning ideas for 2014.
Tax Efficient Strategies
for Business Owners
Kevin Stockton
Grey, Ryan, Wayne & Company
A review and explanation of how you
can help your closely held business
owner clients create significant tax
deductions using qualified and nonqualified wealth building tools for
closely held business owners. Discussion topics include the process
and considerations of plan selection
and alternatives, plan design, plan
administration, and plan funding.
Supporting documentation includes
IRS regulations, private letter rulings,
case studies, and industry articles.
There is equal emphasis on understanding tax law as well as practical applications that may fit your
clientele. Objectives include ability
to identify key decision elements involved with chosing a plan, familiarity
with various design plan options and
case study appplications.
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Who the IRS is Targeting
Now and What Could
Happen to Them
Justin A Byrd, JD
Black Fin
If you’ve ever wondered to yourself,
“Am I at risk of an audit?”, “What
happens if one of my clients or I
get audited?”, or “Could I be facing
criminal investigation as a result of
my tax filings?”, then you will thoroughly appreciate this discussion.
IRS audits are one of the scariest
and time consuming things you may
ever go through, and you may be
unknowingly putting yourself or your
clients at risk. Our session will delve
into some true life examples of audited clients and those under criminal investigation. Attendees will learn
what triggered the closer look, what
happened, and what could have happened. Objectives include: learning
to spot the “red flags”, how proper
record keeping and reporting help
avoid audits, understand the penalty
structure and how to avoid penalties,
and recognition of when help is necessary.
Ethics in Tax Practice (CQE)
Steven R Anderson, CPA, JD
Anderson & Jahde, PC
This course focuses on ethical responsibilities in tax practice. Participants will analyze the professional
standards that govern return preparers and those that govern practitioners representing taxpayers before
the IRS. Course objectives will include
an understanding of the accountantclient privilege, Circular 230, mulitiple
standards as applicable to the profession and the IRS, and the current
Colorado State Board of Accountancy
changes to the rules and regulations.
Tax Updates - Is Tax Reform
Coming Soon?
David Click, JD
McGladrey LLP
A major Tax Reform proposal is being debated in Washington. In the
meantime, expired tax provisions
await Congressional action. This
presentation will discuss the major
components of Tax reform proposals
and the status of expired tax provisions, that have a direct impact on
business taxpayers. In addition, we
will discuss changes at the IRS that
affect tax examinations and taxpayers with international operations. Finally, automated tax penalties are
expensive and a nuisance. We will
discuss methods of avoiding penalties and managing IRS accounts.
The Potential Capital Gains
Trap in the 2013 Tax Law
Keith Davis, CPA, JD
Davis Schilken, PC
On January 3, 2013, President
Obama signed the American Taxpayer Relief Act of 2012 (ATRA). The
new American Taxpayer Relief Act
of 2012 makes permanent: 1) the
applicable exemption amount (“unified credit”) at $5,250,000 (indexed
for future inflation); 2) the estate tax
rate at 40%; and 3) portability of the
exemption amount. Within this law
are two potential tax traps and provisions that could render a trust out
of date. This course will discuss how
these changes will impact a client’s
estate plan and what changes can be
made to ensure that the estate plan
works most efficiently. Course objectives include the history of ATRA, its
impact on estate and gift taxes and
other provisions including individual
income tax rates, AMT, phaseouts,
and many others.
For more information and updates, please visit our website at www.accountingconference.org.
2014 RMAC Conference Schedule
Special Topics/Corporate Finance Descriptions
Reading People Like the
Pages of a Book
Raven Catlin, CPA, CIA, CFSA
Raven Global Training
Have you ever looked at someone and immediately knew that
they would be fun, stern, rigid, or
easy-going? Do you wonder how
you know that? Well, there is a science created through 5 decades
of history and study. As finance,
risk, and audit professionals, we
need to be able to read people.
While not always 100% true, the
cover of a book does reflect the
contents of the book. The same is
true of people. Attend this session
to learn more about the contents of
a person, what they stand for, and
how they act based on their “cover”
before they even speak. At the end
of this sessions you will be able to,
understand a person’s motivations
based on how they look, determine
an approach to discuss accounting,
risk, finance, and controls to gain
agreement and relate to people
better.
Firearms in the Estate:
Planning for and
Administering Estates with
Firearms in Colorado
William F Graf, JD &
Christopher R Hornbaker
Davis Schilken, PC
This course presented by Mile
High Gun Law Group, a division of
Davis Schilken, PC, provides fundamental information on planning
for and administration of estate
with firearms in Colorado. Discussion will also include what are and
how Gun Trusts are specialized
trust systems designed to help
avoid hassles now, hassles if you
become disabled or die, and the
likelihood of an “accidental felony”
due to unlawful sharing, gifting or
selling a firearm. Course objectives will include an understanding of Federal and Colorado gun
laws, the planning for and administration of Estates with Firearms,
Gun Trusts, and certain firearm
vocabulary.
Economic Outlook:
Navigating the Peaks &
Pullbacks
Bruce Batkin
Terra Capital Partners
Terra Capital Partners was one
of the few lenders that foresaw
the Credit Crisis of 2007 and, in
anticipation thereof, was able to
liquidate a $3.5 billion portfolio
of loans and office property just
months before the market peaked. Mr. Batkin will discuss what signs
were present in 2007 that drove
the firm to sell its portfolio. He will
also discuss how the market has
changed since the peak, the state
of the real estate finance business
today, the impact of Dodd Frank
and Basel III regulations, and the
growth of shadow banking. Finally, he will address whether we are
in a sustained recovery or whether
we are headed for another property market peak.
What is the Cloud and Why
is it Important?
Marilyn Sudbeck,CPA
Nimbus Consulting
The cloud is just another name for
the Internet. Generally in “cloud
computing” your data is stored,
accessed and backed up on a remote server. The data is not stored
on a local computer or server in
your office. The main advantages
are 2: 1) access from anywhere
there is an Internet connection;
and 2) there is no investment on
your part for purchase and maintenance of a server. Your connectivity may be on a PC, Mac, tablet, smartphone or other device.
Cloud computing is changing
rapidly so Marilyn will give you the
latest information available. She
also will share information about
QuickBooks “in the cloud.” Course
objectives include an understanding of the “cloud” and its latest
developments, familiarity with the
differences in Intuit’s online and
desktop software, and other hosting opportunities.
Investments Accounting
and Financial Reporting for
Nonprofit Organizations
Timothy J McCutcheon, CPA &
Peggy E Jennings, CPA
Eide Bailly LLP
Investment valuation requirements and options under GAAP
will be discussed. The Fair Value
election will be reviewed, going
beyond equities with readily determinable fair values and all debt
securities, including the treatment
of gifts of: real estate, partnership
and investment company interests, commodities such as oil and
gas royalty and working interests,
private equity, etc. Auditing and
reporting alternative investments,
including use of NAV as a practical
expedient for fair value measurement, disclosure presentation options and linkage to the face of the
SOFP will also be presented.
Letting Go of Your
Business: How to Position
Your Business For Sale
Thomas J Lang, CPA &
Charles Spickert, CBI
Touchstone Business Advisors
Planning your exit strategy should
be performed years in advance
of your transfer or sale. Being
prepared is the most important
thing. We will discuss the steps
in preparing your firm for sale and
what may be done to maximize
the value of your business; how
to increase value in terms of type
of services rendered, reducing
risk of client concentrations, addressing staffing issues and many
other important factors such as
average fees, retainers, etc.; how
to eliminate potential “gotchas”;
and what is involved in letting go
as a recovering accountant including such items as developing
new interests, hobbies and having
a rewarding life after public accounting. Objectives include an
understanding of practice value
indicators, the selling process, the
current market, the buyer’s perspective and the affects of SBAs
participation.
A Factor You May Not Have
Considered
Sami Ibrahim, CPA, CIA
Agility Solutions LLC
Many suppliers and contractors
rely on short-term financing generated by selling their accounts
receivable to third party finance
companies. These finance companies, or “Factors” as they’re
commonly known, then assume
the collection rights and obligations of the original vendor. This
assignment of rights to the receivable can introduce significant
complexity for many industries,
including significant risk of duplicate payment (paying both the
finance company and original
vendor). Since the use of factor
financing is not controlled by the
company purchasing the services, many companies may be
negatively impacted by suppliers’
use of their financing technique.
Course objectives include recognizing the profile and scenarios
of a company using factoring, and
the risks and related controls of
factoring.
Cash & Liquidity
Management
Michael Cookson
Experis
Based on the evolution and innovative developments in how businesses engage with their banking
partners for cash management
products and services, the presentation will touch on partnership
alternates, changes in technology,
connectivity, web-services, alternative payment channels and the
regulatory environment. Course
objectives include gaining an understanding of current cash management challenges and trends,
awareness of technology trends
and market development, and
additional insights into regulatory
challenges and requirements.
16 Hours of Continuing Professional Education as low as $375. Early bird registration discount if submitted by 8/1/14.
9
2014 RMAC
PO Box 454
Wheat Ridge, CO 80034
www.accountingconference.org
Postage
2014
2012
Rocky Mountain
Area Conference
For Finance and Accounting Professionals
Register at: www.accountingconference.org
Thursday, September 25, 2014 & Friday, September 26, 2014 at the Arvada Center
16 Hours of Continuing Professional Education
Concurrent Sessions
Accounting/Auditing
Management/Leadership
Taxation
Special Topics/Corporate Finance
Corporate Sponsors
Member FDIC

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