Virtual 2021 Business and Industry Conference (LS13045)

Thursday, November 18, 2021 - Friday, November 19, 2021 / Live Stream, GA

CPAs in business and industry have unique skills beyond finance and accounting; you help create your business's financial health. Learn how to deliver value to your organization in a world where there is a new workforce structure. Respond as a leader with better, more strategic decisions to help your company adapt to the ever-changing business environment and plan for an uncertain future.  

Discuss technical and professional issues facing corporate CPAs, including how to persevere and thrive during challenging times, how COVID-19 has impacted our global economy, Topic 606, accounting for cryptocurrencies, ASC 842, SPAC market and hiring trends
.

 

Event Status: OPEN

Event ID: #LS13045

CPE: 16.0 credits

Total Price: $440.00

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TOPICS OF DISCUSSION
Day 1
Intentional Evolution: How People and Companies Navigate Challenges, Persevere and Thrive
FASB for Industry Update (A&A)
Global Economic Update
Revenue Recognition Hot Topics (A&A)
The Challenges in Accounting for Cryptocurrencies
The Innovator's Toolkit: For Building Tomorrow's Organization Today
Current Year Accounting and Financial Reporting Issues Your Auditors Will Focus On (A&A)
White-Collar Crime: Battle From the Front

Day 2
Communicating Financial Information to Non-Accountants (A&A)
Business As Usual: Lease Accounting After Adoption (A&A)
Business Intelligence and Analytics: Make Sense of Your Data Computer Software and Applications (A&A)
Cybercrime and Cybersecurity (A&A)
The Demand for Skilled Talent
Discussion of Items affecting Corporate and Business Filings and Planning
SPAC Market Update
2022 Hiring and Compensation Trends


MATERIALS
This conference is a paperless conference and all materials will be available electronically as PDFs. Materials will be available for download in advance and participants will receive an email when they are available. For more information about eMaterials, visit ematerials.gscpa.org. 

Thursday, November 18, 2021

8:00am-8:05am
Welcome and Announcements

8:05am-8:55am
A - Intentional Evolution: How People and Companies Navigate Challenges, Persevere and Thrive Credits: 1.0 GN

Tom Triumph
Tom Triumph Consulting, LLC , Chapel Hill, NC

An inspiring talk on the folklore that prevents people from producing their best work and explains the techniques and best practices to drive world-class innovation and creativity.

8:55am-9:05am
Break

9:05am-10:20am
B - FASB for Industry Update (A&A) Credits: 1.5 AA

James Starkey, CPA
Financial Accounting Standards Board , Norwalk, CT

Receive an industry-specific update on vital ongoing projects of the FASB.

10:20am-10:30am
Break

10:30am-11:20am
C - Global Economic Update Credits: 1.0 GN

Johnathan Willis
Federal Reserve Bank of Atlanta , Atlanta, GA

As the Delta variant has surged, an important question has been whether it will negatively impact the current economy, as it did during previous outbreaks. Dive into the nature of current inflation, the return of a typical U.S. consumer market, and an overall outlook for the region and nation.

11:20am-11:30am
Break

 

11:30am-12:20pm
D1 - Revenue Recognition Hot Topics (A&A) Credits: 1.0 AA

Jennifer Louis, CPA
Emergent Solutions Group , Charlotte, NC

Focus on common accounting and reporting issues related to applying the revenue recognition model under Topic 606 in the current environment, including the continued impact of the pandemic. Highlights of critical revenue recognition concepts will also be provided to help avoid the misapplication of core principles.

11:30am-12:20pm
D2 - The Challenges in Accounting for Cryptocurrencies (A&A) Credits: 1.0 AA

Elizabeth A. Dodge, CPA

More and more companies are incorporating cryptocurrencies and other digital assets into their business operations. With PayPal and Coinbase Commerce offering crypto payment processing, the number of businesses transacting in cryptocurrencies will continue to grow. Although the AICPA has issued guidelines on the accounting and auditing of digital assets, the actual process of recording digital asset transactions is a challenging proposition. Learn some practical methods to account for digital assets to solve reporting and auditing requirements and meet IRS guidelines and optimize tax savings.

12:20pm-1:20pm
Lunch Break

 

1:20pm-2:35pm
E1 - The Innovator's Toolkit: For Building Tomorrow's Organization Today Credits: 1.5 GN

Tom Triumph
Tom Triumph Consulting, LLC , Chapel Hill, NC

Explore three concepts fundamental to tomorrow's organizations: thinking in new boxes, design thinking and best practices. Participate in real-life examples to learn the fundamentals behind powerful techniques taught by MIT and Stanford and practiced by organizations such as Apple, Nike, Whirlpool, Coca-Cola and IBM. 

2:45pm-4:25pm
F - White-Collar Crime: Battle From the Front (A&A) Credits: 2.0 AA

Michael R. Wiggins, JD MS MBA CFE
Lecturer of Legal Studies & Accountin / Georgia Southern University School of Accountancy , Statesboro, GA

Discuss white-collar crime through anecdotes and stories about famous and not-so-famous frauds. Cover numerous fraud tales with an emphasis on the fraud category they fit and advice on prophylactic and remediatory measures to prevent and mitigate them.

1:20pm-2:35pm
E2 - Current Year Accounting and Financial Reporting Issues Your Auditors Will Focus On (A&A) Credits: 1.5 AA

Jennifer Louis, CPA
Emergent Solutions Group , Charlotte, NC

With the continued impact of the pandemic and recently effective accounting standard updates, this segment will focus on what financial statement auditors are likely to consider higher risks of material misstatement when evaluating the fair preparation of current year financial statements and related disclosures.

2:35 pm-2:45 pm
Break

 

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EMaterials

8:00 am-8:05 am
Welcome and Announcements


8:05am-8:55am
G - Communicating Financial Information to Non-Accountants (A&A) Credits: 1.0 AA

Richard Karwic
The Knowledge Institute , Charlotte, NC

Do you ever get blank looks when you present your company's financial statements? Does your board nod knowingly during your presentation but never seems to have any meaningful questions? It could be that they have no idea what you are talking about and are just pretending to understand. Learn how to connect with your CEO, board, fellow managers and team members, so they understand your message.

8:55am-9:05am
Break

 

9:05am-10:20am
H - Business As Usual: Lease Accounting After Adoption (A&A) Credits: 1.5 AA

Sarah O'Sullivan
LeaseQuery , Atlanta, GA

Explore how the new lease accounting standard, ASC 842, has impacted organizations and important topics companies will need to consider post-implementation. Begin with an overview of the ASC 842 post-adoption world and discuss the updated standard's impact on how companies approach critical business decisions. Then examine various lease accounting topics such as modifications and remeasurements, terminations, impairments, and abandonments. Walk through examples and the required steps to account for each of these transactions so your company can be better prepared for accounting after adoption.

10:20am-10:30am
Break

 

10:30am-11:20am
I - Business Intelligence and Analytics: Make Sense of Your Data Computer Software and Applications (A&A) Credits: 1.0 AA

Gary Cokins
The Knowledge Institute , Charlotte, NC

Volatility and complexity are now commonplace. Most organizations are drowning in data but starving for information. The finance and accounting function has the opportunity to leverage Big Data and the continuum of analytics – descriptive, diagnostic, predictive and prescriptive. All are useful for better decision-making. Collecting, validating, and reporting data is not the same as analyzing information to glean valuable, actionable insights. In some ways, the finance function is many years behind other disciplines such as marketing, sales, and supply chain managers, in applying analytics. How can the CFO's role catch up?

11:20am-11:30am
Break

 

11:30am-12:20pm
J1 - Cybercrime and Cybersecurity (A&A) Credits: 1.0 AA

Michael R. Wiggins, JD MS MBA CFE
Lecturer of Legal Studies & Accountin / Georgia Southern University School of Accountancy , Statesboro, GA

Cover various forms of cybercrime, including hacking, ransomware and the many permutations of phishing. An emphasis will be placed on preventative measures for the organization.

11:30am-12:20pm
J2 - The Demand for Skilled Talent Credits: 1.0 GN

Ryan Hansen
Robert Half International Inc , Atlanta, GA

Robert D'Amico, MBA
Robert Half International Inc , Atlanta, GA

Even as the COVID-19 pandemic continues, business shows signs of recovery as employers move forward with hiring strategies shifted toward remote and hybrid (a mix of remote and in-office staff) workforces. At the same time, skilled candidates and top performers rethink their priorities regarding work-life balance and what matters most to them. Gain a better understanding of today's employment trends and improve your recruiting efforts

12:20pm-1:20pm
Lunch

1:20pm-3:00pm
K - Discussion of Items Affecting Corporate and Business Filings and Planning Credits: 2.0 GN

Arthur Auerbach, CPA, CGMA
owner / Arthur Auerbach CPA , Atlanta, GA

Discuss nexus, where we have to file and what needs to be filed, conformity with the Internal Revenue Code and an update on information concerning the employment credits contained in the Infrastructure Bill and the Budget Guideline passed in the Senate. Review the draft forms for 2021 and changes that may affect the planning.

3:00pm-3:10pm
Break


 

3:10pm-4:00pm
L1 - SPAC Market Update Credits: 1.0 GN

Douglas S. Ellenoff
Ellenoff Grossman & Schole , New York, NY

Receive a 360-degree view of the SPAC market, including a recap of recent activity, notable trends and developments in SPAC structure and transactions and prognostications for the remainder of 2021.

3:10am-4:00pm
L2 - 2022 Hiring and Compensation Trends Credits: 1.0 GN

Marci Wood
Robert Half International Inc , Atlanta, GA

Stephanie Searcy
Robert Half International Inc , Atlanta, GA

The hiring landscape has drastically changed in a short time. Is your company prepared to recruit and retain top talent in the current business environment? Learn about new hiring trends for 2022, positions and skills now in demand, where salaries are heading, what staffing models might work best for your business, whether your staff is remote, on-site or mixed and the latest trends in benefits and perks. Plus, find resources to help you navigate the most tumultuous business environment in years.

Conference Site

GSCPA Live Stream
Live Stream, GA 00000

 

For more information about hotel reservations, please refer to the information tab.

Early Bird Registration

$440 GSCPA Members, $540 Non-Members (by 10/28/2021)

 

Standard Registration

$500 GSCPA Members, $600 Non-Members

 

Late Registration

$540 GSCPA Members, $640 Non-Members (after 11/15/2021)