Florida State University Accounting Conference

Thursday, May 11, 2017 - Friday, May 12, 2017
FSU Center for Academic & - 555 W Pensacola St, Tallahassee, FL 32306-1640
8:15am - 4:55pm(opens at 7:30am) EST
17Credits
Accounting and Auditing and Technical Business

Registration is Closed

Online registration for this course is now closed. Please contact the Member Service Center at (800) 342-3197 if you wish to inquire about registering.

Members
$435.00 Early Registration (through 04/11/2017)
$490.00 Regular Price
Non-Members
$685.00 Early Registration (through 04/11/2017)
$740.00 Regular Price
Course Type: CPE Conferences
Course Code: 17/FSUAC
Level: Update
Vendor: Florida Institute of CPAs Facility
Field of Study: Auditing, Accounting, Accounting (Governmental), Economics, Taxes

Overview:

Meet at Florida State for CPE That’s Great

You don’t have to travel far to be a part of one of the state’s best CPE events. Join us and CPAs from around the region at the state-of-the-art Augustus B. Turnbull III Florida State Conference Center from May 11 - 12, 2017. 

The Florida State University Accounting Conference offers up to 17 credit hours of CPE covering employment law, internal controls, accounting for leases, networking for young professionals, tax reform, revenue recognition and more, plus the updates you need on the economy, single audit, not-for-profit reporting and the Government Accounting Standards Board.

Experience the comradery of networking with fellow FSU alum and local professionals.


Watch the Video

CPE Credit
This conference qualifies for 10 Accounting & Auditing (AA) and 7 Technical Business (TB) of CPE credit and is subject to change. CPE Credit is subject to approval by the Florida Department of Business and Professional Regulation.


Can't Attend in Person?
No need to miss a thing! Take part in the FSU Spring Accounting Conference Simulcast.  Registration coming soon to watch the entire conference via simulcast.


Conference Materials
Conference reference materials are distributed to registrants electronically in advance of the program. There will not be printed material available on site. This fully searchable PDF includes speaker presentations and is intended for electronic use only.


Follow the FICPA on Twitter @ficpa and use #ficpaFSUAC to tweet about this conference.

Schedule:

Thursday, May 11, 2017

Registration & Continental Breakfast

Time: Thursday 7:30am - 8:15am

Introduction & Opening Remarks

Time: Thursday 8:15am - 8:30am

Maybe It Is Rocket Science After All: Employment Law Update: The 2017 Masters Edition

Time: Thursday 8:30am - 9:20am Credits: 1 TB

With record litigation and a dramatic increase in governmental audits impacting local business, come join us for a fun interactive look at the areas that are most likely to create costly legal exposure at your company.  Topics to be covered will include key points of risk throughout the employment life cycle, common mistakes involving employee leave, and preparing for coming changes to federal wage and hour laws.  This is a cannot miss for small business owners, human resource professionals, and Chief Executive Officers alike!

Internal Control: Design, Review and Maintenance

Time: Thursday 9:20am - 10:10am Credits: 1 AA

This session will look at the design and maintenance process for internal control environments; addressing monitoring process to ensure control adequacy; changing the design for resource impacts and lean staff; factors to consider when automating controls; and practical ‘old fashion” controls.

Economic Update - The Return of $100 Oil?: Chapter II

Time: Thursday 10:25am - 11:15am Credits: 1 TB

In the last eighteen months we have seen the price of oil drop from a high of around $100 per barrel to a low of $30 per barrel earlier this year.  Recently we have seen oil prices hovering around the $50 per barrel threshold. Will it be years before oil returns to $90 or $100 a barrel?

Accounting for Leases

Time: Thursday 11:15am - 12:05pm Credits: 1 AA

Time to re-evaluate your leasing strategies! This session will discuss the requirements of the new lease accounting rules, how to apply them, and the impact they may have on your financial statements.

Lunch Presentation: Legislator

Time: Thursday 12:05pm - 1:25pm Credits: 1 TB

Join our special guest legislator for a first-hand account of the 2017 Legislative session. We will review laws that passed and their impact on the State.

Single Audit Update

Time: Thursday 1:25pm - 2:15pm Credits: 1 AA

This presentation will increase attendees' understanding of the Single Audit provisions and related requirements included in the Omnibus Circular.  This presentation will communicate key processes that should be in place to help ensure compliance with these requirements.

Young Professionals & Networking: Effective Communication When You're the Youngest Person in the Room

Time: Thursday 2:15pm - 3:05pm Credits: 1 TB

This presentation will be to empower young professionals ('millennials') by discussing the following topics:  the power of networking and following-up;  proper communication (knowing when to transition a conversation from email to a phone call); and determining and communicating their value in the workplace (being the youngest person in the room isn't a drawback).

Not for Profit - Reporting Update

Time: Thursday 3:15pm - 4:05pm Credits: 1 AA

This will provide practical implementation guidance of the new ASU 2016-14 which changes the reporting model for non-profit organizations.  Additionally, this session will cover other trends impacting non-profits.

Tax Reform

Time: Thursday 4:05pm - 4:55pm Credits: 1 TB

Friday, May 12, 2017

Continental Breakfast

Time: Friday 7:30am - 8:00am

Implementing the New Revenue Recognition Standard: Are You Ready?

Time: Friday 8:00am - 8:50am Credits: 1 AA

The Financial Accounting Standards Board's new revenue recognition standard will eliminate transaction and industry-specific revenue recognition guidance under current U.S. GAAP and replace it with a principle-based approach. Preparing for this paradigm shift will be a formidable challenge for most companies and industries. This session strives to provide both an overview of the new revenue recognition standard and how to start planning your company's transition to the new standard. 

Financial Statements Analysis when Underwriting Residential Mortgage Loans and Commercial Loans

Time: Friday 8:50am - 9:40am Credits: 1 AA

In the first half of the session, we will review what constitutes income that is allowable to mortgage lenders for use in their underwriting of a borrower for a mortgage loan. You will learn how regulations impact analysis flexibility and ratio requirements and what needs to be considered when balancing mortgage qualifications with tax liability. And in the second half of the session, review tax returns and Personal Financial Statements to determine recurring income that can be used to complete the income portion of a business or individual’s cash flow.  To be considered recurring we will want to see at least a three (3) year history of consistent sustained income.  This income is then compared to a business or individual’s existing debt obligations after subtracting out for “living expenses” and taxes.   You will learn how we compute cash flow, and the importance of three primary factors affecting a loan decision including: cash flow, liquidity and & leverage.

GASB Update

Time: Friday 10:05am - 10:55am Credits: 1 AA

Mr. Finden will focus on topics of interest to practitioners, including recently issued statements and current projects. Recently issued statements include No. 72, Fair Value Measurement and Application; and No. 77, Tax Abatement Disclosures. Current projects include those for Lease Accounting, Note Disclosures and the Financial Reporting Model.

Cyber Security - What You (and Your Staff) Don't Know, Will Hurt You

Time: Friday 10:55am - 11:45am Credits: 1 TB

Think cyber security is a topic only relevant to IT professionals? Think again! Cyber criminals are thriving on uninformed end-users. This presentation will explore the attacker's motivations and methods, as well as ways to defend yourself and mitigate potential damage.

Fight, Fright or Flight? Calm Your Public Speaking Fears, Enhance Your Presentations and Step Up Your Career.

Time: Friday 11:45am - 1:10pm Credits: 1 TB

The use of technology has minimalized the opportunity to speak face to face, to verbalize ideas and to respond to a person's body language.  This workshop will ease your fear, hone your speaking skills and boost your confidence.  

Using an Other Comprehensive Basis of Accounting

Time: Friday 1:10pm - 2:00pm Credits: 1 AA

Not all financial statements are prepared in accordance with accounting principles generally accepted in the United States of America. Join us as we discuss other comprehensive bases of accounting and strategies to convert from accrual to cash.

Providing Expert Testimony as a CPA

Time: Friday 2:00pm - 2:50pm Credits: 1 AA

Mr. Wolf will provide an overview of the Federal Rules of Evidence and AICPA Professional Standards applicable to Litigation Services.  Mr. Wolf will then discuss how to effectively present expert findings and cover topics including discovery, analysis, report writing and providing testimony.  

Forensic Accounting Investigations

Time: Friday 2:50pm - 3:40pm Credits: 1 AA

Forensic Accounting Investigations - Mr. Wolf will provide an overview about his experience performing forensic investigations on behalf of his clients.  These forensic investigations often take many shapes and involve a good amount of inquiry, investigation and analytics utilizing auditing techniques to gather sufficient evidence to reach supportable conclusions.  The devil is often in the detail only a CPA can analyze.

Objectives:

  • Discuss key points of risk throughout the employment life cycle, common mistakes involving employee leave and preparing for coming changes to federal wage and hour laws.
  • Look at the design and maintenance process for internal control environments
  • Discuss the requirements of the new lease accounting rules, how to apply them and the impact they may have on your financial statements

 

Major Topics:

  • Economic Update
  • Internal Controls-Designs, Review and Maintenance
  • Tax Reform
  • GASB Update
  • Cyper Security
  • Forensic Accounting Investigations

Prerequisite:

Some familiarity with accounting, auditing, and financial management in the public sector.

Event Promotions

First Time Attendees

* NEWFSU17 promo code offer valid for first-time attendees, applies to in-person or simulcast registration and does not apply to non-member fees. Discount cannot be combined with other offers or applied to prior purchases/registrations.

YCPA

** YCPAFSU17 promo code offer valid for Young CPAs (age 36 and under) attending the conference, applies to in-person or simulcast registration and does not apply to non-member fees. Discount cannot be combined with other offers or applied to prior purchases/registrations.