2014 Maine Society of CPAs CPE Catalog by Karen Vincent

Maine Society of CPAs

Continuing Professional Education

New This Year Course Material Distribution The Maine Society of CPAs will be providing electronic course materials for all of its’ CPE course offerings unless otherwise specified. Materials will be distributed to registrants via email with an attachment or with an electronic link to the material. Emails will be sent one business day prior to each course. No refund will be issued for cancellations received after the email has been sent. If you would prefer a printed, hard copy of the manual, you may request one for an additional $30. Printed manuals will be made available for pickup at the registration desk the day of the course. The option to purchase a printed manual is available up to five business days prior to the event date. Walk-in registrants and those registering less than five business days before the course will receive an e-manual by default. Printed course materials are available only to those that have ordered and paid for them prior to the event. Copyright Infringement Information Materials prepared by the Maine Society of CPAs or our vendors are designed specifically for use at the event and are available only to participants. The materials or portions thereof are not available for sale to individuals or institutions, and may not be reproduced or shared. Administrative Policies for CPE Register Early To guarantee a place in the course, all registrations must be accompanied by full payment. The MECPA accepts checks, Visa, and MasterCard. If a sufficient number of registrations have not been received, the course will be cancelled. You will be offered the chance to transfer to another class or receive a refund. A $50 administration fee will be assessed if the registration is received within 3 business days of the course. Read Your Confirmation Letter After your registration is received by the MECPA, you will be emailed a confirmation letter. If you have not received your confirmation letter before the program, contact the MECPA to verify your course registration. Cancellations/Substitutions/Refunds To receive a full refund, cancellations must be made 10 business days prior the presentation date. There is a $50 charge if cancellation is received less than 10 business days prior to the presentation date. • No refund will be issued for cancellations received within one business day of the presentation. • No refund will be issued in the case of a no-show registrant, or for no-show registrants that have already downloaded an electronic copy of the materials for the course. •

CPE Credit and Attendance Verification Each course lists the hours of total credit received for attendance at that course. At the end of the presentation, the discussion leader will distribute Participant Verification & Evaluation Forms. You must fill out, sign and return the form to the discussion leader in order to receive CPE credit. You will receive your CPE credits via email within one week of the course. Please review our complete listing of CPE Policies online at https://www.mecpa.org/cpe/policies.

Support the Society - Take an Online Course!

The MECPA has partnered with these vendors to offer members a variety of webinars at great prices. The Society realizes a small commission as well. Everyone wins! For more information on each webcast, or to register, visit www.mecpa.org today! DATE

TITLE

CREDIT HOURS

FIELD OF STUDY

FEE

5-13

Adobe Acrobat Must Know Features for Beginners (CPAX)

$158

5-19

Excel - Everything You Wanted to Know About Excel Pivot Tables (CPAX)

$158

5-21

Excel - Maximizing the Accuracy of Your Spreadsheets (CPAX)

$158

5-21

Business Fraud Update (ACPEN)

$195

5-29

Outlook - Manage Your Email with Maximum Efficiency (CPAX)

$158

6-24

Surgent’s Accounting for Derivative Instruments & Hedging Activities: An Exploration & Evaluation of ASC Topic 815 & Topic 820

$195

6-25

Not-for-Profit Accounting, Auditing & Tax Update (ACPEN)

$195

6-27

Surgent’s Shortcuts to Tax Cuts: Individual Tax, Social Security, and Retirement Planning Tools and Strategies

$195

7-7

Surgent’s Basic Audit Staff Training - Level 1

$195

7-8

Surgent’s Audit Staff Training - Level 2

$195

7-11

Surgent’s Accounting for Income Taxes: Applying ASC 740 (SFAS No. 109 and FIN 48)

$195

7-18

Surgent’s Social Security, Medicare, and Prescription Drug Retirement Benefits: What Every Baby Boomer needs to Know Now

$195

7-23

Governmental Accounting & Auditing Update (ACPEN)

AA, YB

$195

7-30

Surgent’s Experienced Audit Staff Training - Level 3

$195

7-31

Surgent’s In-Charge Auditor Training - Level 4

$195

8-27

Compilation and Review Update (ACPEN)

$195

9-10

Accounting & Auditing Update (ACPEN)

$195

9-12

Surgent’s Auditing Employee Benefit Plans

AA(6), ETH(2) AA

$195

2014 CPE Schedule - QUICK REFERENCE DATE

TITLE

CREDIT HOURS

FIELD OF STUDY

FEE

MAY 5-29

Government Auditing Issues: GASB Update (PTLD)

AA, YB

$350

5-30

Governmental Audit: Auditing Standards Update (PTLD)

AA, YB

$350

Practice Management (PTLD)

$250

JUNE 6-19 AUGUST 8-4

Ethics Update (BNGR)

4 (AM)

ETH

$195

8-4

Financial Statement Analysis - Inside the Numbers (BNGR)

4 (PM)

$195

8-11

Ethics Update (PTLD)

4 (AM)

ETH

$195

8-11

Financial Statement Analysis - Inside the Numbers (PTLD)

4 (PM)

$195

8-12

Passive Activity Losses (PTLD)

$195

8-13

3.8% Tax on Net Investment Income (PTLD)

$195

8-14

Treatment of Rental Real Estate for Purposes of the 3.8% Tax (PTLD)

$195

8-18

Corporate Finance Check-Up: Renovate Your Analytical Toolbox (PTLD)

$295

8-19

Private Company Accounting: New Directions, New Challenges (PTLD)

$295

8-19

New Repair / Capitalization Regulations (PTLD)

$295

8-20

Changes in Methods of Accounting (PTLD)

4 (AM)

$150

8-28

2014 FASB / SSARS & SAS Update & Review (PTLD)

TX, YB

$195

SEPTEMBER 9-8

Compilation and Review Guide and Update (BNGR)

4 (AM)

$195

9-8

4 (PM)

$195

9-9

An Overview of the Financial Reporting Framework for Small & MediumSized Entities (BNGR) Real-World Fraud: War Stories from the Front Lines (BNGR)

$325

9-10

OMB A-133 From A to Z (PTLD)

$325

9-11

Compilation and Review Guide and Update (PTLD)

4 (AM)

$195

9-11

4 (PM)

$195

9-12

An Overview of the Financial Reporting Framework for Small & MediumSized Entities (PTLD) Real-World Fraud: War Stories from the Front Lines (PTLD)

$325

9-16

LLC - Current Developments (PTLD)

$195

9-17

Partnerships & Partners (PTLD)

$195

9-18

Future Success: Building the CPA Firm for the 21st Century (PTLD)

$250

9-19

Succession Planning for CPAs: Sell, Merge or Be Bought (PTLD)

$250

2014 CPE Schedule May 29, 2014 - PORTLAND Governmental Accounting Issues: GASB Update MORNING Pension Accounting, Pension Auditing, and You: It’s Time to Ship your Pants (I’ll explain later…) GASB Statements 67 and 68 are rounding the corner, with implementation either upon us, or soon to be upon us. If you’ve been thinking these don’t affect you, think again, because whether you are a preparer or an auditor, these will most definitely affect you. It’s a liability that nobody wants to claim, but everyone probably will. This session will highlight both the accounting challenges of the preparer, and the audit challenges of the auditor, and provide the participant with new information and tools to assist them in their implementation efforts. By the time this session is over, you’ll come to the conclusion that there isn’t anywhere to ship your pants. So pull up them up, tighten the drawstrings, loosen the belt, or whatever gets you comfortable, because these two are going to hurt! AFTERNOON GASB Update: Wait, there’s more? Yes, there is definitely more! It’s not just pension accounting that is undergoing changes, but several other issues are being addressed by the GASB. This session will take a look at the principles recently issued (other than pensions), or recently effective, and provide the participants with “need to know” information related to easing the implementation efforts needed. Topics to be covered include deferred inflows and deferred outflows, government combinations, non-exchange financial guarantees, and a number of exposure drafts issued or upcoming.

May 30, 2014 – PORTLAND Governmental Audit: Auditing Standards Update MORNING AICPA Auditing Standards Update: What are the standard-setters up to? Since the bulk of the Clarity Standards are now at play, what else is the AICPA’s Auditing Standards Board up to? In this session, we will take a look at the most recent activity and proposals of the AICPA, including more clarity standards, recent proposed rule changes for the preparation of financial statements and compilations, and other matters that participants should be aware of. In addition, we will take a closer look at the ramifications of the group audit standard. A number of implementation issues have arisen, and a number of practitioners find themselves in an unenviable position of not having correctly applied the requirements of the standard. We will take a close look at the most frequent and common misunderstandings with the application of this standard, and provide the participants with solutions for the correct application of the standard. AFTERNOON Little Known Facts about Government Auditing Standards (Yellow Book) Since this is a pretty slow year for any significant changes to Government Auditing Standards, this session will take a look at some of the little known, subtle changes to the standards that were made in 2011 that participants and practitioners following the standards might not be aware of. OMB A-133: Single Audit Act Update OMB has released the long-awaited update to single audit standards. This session will take a look at the changes and provide a summary of differences between the current version and the new version, along with tips for both understanding and implementing the changes. A Closer Look at Municipal Government Bankruptcies As more and more local governments either threaten, attempt, or declare bankruptcy, many of the issues attributed to such actions have come to light. This session will take a closer look at the root causes of such actions, what decisions led to these actions, and what foresight could have helped prevent these actions from occurring. Stump the Chump: Here’s your chance! It never seems to fail. No matter what material the speaker covers, it seems like they don’t cover the one question you have, or the one topic you would like to hear something about. Well, here’s your chance! Blank question cards (passed out earlier) can be utilized to write down the one thing you’d like the speaker to address. The speaker will collect the question cards throughout the earlier part of the day, and attempt to address them in this last session of the day. Don’t miss out on your chance to Stump the Chump! CPE Credits: 8 Vendor: Crawford & Associates, P.C. Speaker: Frank W. Crawford, CPA Level: Update Field of Study: AA, YB Site: USM, Abromson Center Member Fee: $350 Take both 5/29 & 5/30 courses for $650

For complete course descriptions, go to www.mecpa.org

2014 CPE Schedule

Membership in the Maine Society of CPAs means much more than discounted CPE! June 19, 2014 - PORTLAND Practice Management Key Trends in the Profession The trends you need to be aware of What are the successful firms doing A new model of accounting Client Service as a Focus Making the switch from compliance to reliance What services do your clients want? What services will they pay for? How to deliver them effectively Managing the Firm What drives profitability? Understanding the revenue equation Performance based compensation Staffing the modern firm Technology Update Why security MUST be a priority Using the cloud to maximize efficiency (and profits) Don’t be left behind on technology Marketing The key rules of marketing What is ‘inbound’ marketing and why is it important Key ‘inbound’ and ‘outbound’ marketing activities Make marketing a priority Great Ideas, What Now How to turn ideas into action

CPE Credits: 8 Vendor: 2020 Group USA Speaker: Damien Greathead Level: Advanced Field of Study: MG Site: USM, Abromson Center Member Fee: $250

It’s Support The MECPA receives dozens of call each month to verify the state society membership of individuals and firms. Who’s calling? Potential clients, current clients, business owners’, attorneys and bankers, legislators and key state agencies. It’s Advocacy Each year the MECPA tracks hundreds of relevant bills, provides testimony to committees and advice to individual legislators. It’s Representation MECPA representatives meet regularly with the Maine Board of Accountancy, Maine Revenue Service, and the Department of Professional and Financial Regulation.

2014 CPE Schedule August 4, 2014 - BANGOR Ethics Update

August 4, 2014 - BANGOR Financial Statement Analysis - Inside the Numbers

This course will review the AICPA Code of Conduct through the use of case examples, and other illustrations. A portion of the course will deal with difficult ethics issues such as the appearance of independence and outsourcing tax returns and other work. We will also review some actual ethics cases that have come before the AICPA and the dispositions of those cases.

This course is concerned with the analysis of small closely held entities rather than large multinational companies. Most small entities are tax motivated which changes the approach needed to analyze the numbers. We will look at why small firms have difficulty financing their operations and what the real bottom line is.

CPE Credits: 4 (AM) Vendor: Richard DelGaudio, CPA Speaker: Richard DelGaudio, CPA Level: Update Field of Study: Ethics Site: Hollywood Casino Hotel & Raceway Member Fee: $195

Our LIVE courses have... •

Outstanding speakers!

•

Excellent presentations!

•

Fabulous facilities!

•

Great healthy food options!

Why go anywhere else?

We will look at a case and develop the approach that is needed to analyze its performance. Part of the analysis involves the application of “SWOT” analysis which identifies strength and weaknesses in the company. The course is also useful to those firms that perform review engagements because the same techniques of analysis can be employed for the “analytical phase” of the review. CPE Credits: 4 (PM) Vendor: Richard DelGaudio, CPA Speaker: Richard DelGaudio, CPA Level: Intermediate Field of Study: AA Site: Hollywood Casino Hotel & Raceway Member Fee: $195

August 11, 2014 - PORTLAND Ethics Update This course will review the AICPA Code of Conduct through the use of case examples, and other illustrations. A portion of the course will deal with difficult ethics issues such as the appearance of independence and outsourcing tax returns and other work. We will also review some actual ethics cases that have come before the AICPA and the dispositions of those cases. CPE Credits: 4 (AM) Vendor: Richard DelGaudio, CPA Speaker: Richard DelGaudio, CPA Level: Update Field of Study: Ethics Site: USM, Abromson Center Member Fee: $195

For complete course descriptions, go to www.mecpa.org

2014 CPE Schedule August 11, 2014 - PORTLAND Financial Statement Analysis - Inside the Numbers

August 13, 2014 - PORTLAND 3.8% Tax on Net Investment Income

Topics include an analysis of section 1411 and the proposed regulations regarding the 3.8% tax on “net investment income” over a “threshold amount” for tax years beginning after 12/31/12 including a detailed analysis of what constitutes net investment income, grouping, and how income from passive activities are treated for this purpose.

CPE Credits: 8 Vendor: Boston Tax Institute Speaker: Lucien B. Gauthier, Esq., CPA Level: Intermediate Field of Study: TX Site: USM, Abromson Center Member Fee: $195

CPE Credits: 4 (PM) Vendor: Richard DelGaudio, CPA Speaker: Richard DelGaudio, CPA Level: Intermediate Field of Study: AA Site: USM, Abromson Center Member Fee: $195

August 12, 2014 - PORTLAND Passive Activity Losses Passive activity loss issues are being raised much more frequently today in examinations by the IRS, and we understand that many of these cases are awaiting resolution at the Appeals Office level. Topics include a detailed analysis of the statute, regulations, decided tax cases, and administrative pronouncements involving passive activity losses, including numerous cases involving real estate professionals. The tax treatment of income from passive activities and grouping is even more important now that the 3.8% tax on net investment income applies! CPE Credits: 8 Vendor: Boston Tax Institute Speaker: Lucien B. Gauthier, Esq., CPA Level: Intermediate Field of Study: TX Site: USM, Abromson Center Member Fee: $195

August 14, 2014 - PORTLAND Treatment of Rental Real Estate for Purposes of the 3.8% Tax Topics include a discussion of the interrelationship between section 469 and 1411 as it applies to various fact patterns including fact patterns involving the net income/loss from rental real estate that is definitionally passive, rental real estate owned by a real estate professional (REP), rental real estate that falls within one of the six exceptions of what is not a rental activity such as real estate rented for 7 days or less, the impact of the re-characterization rules on the net income from rental real estate such as Regs. 1.469-2(f)(6) on self-rented property to an S corporation and to a C corporation, and the impact of the grouping regulation (1.469-4) on various fact patterns including self-rented property. CPE Credits: 8 Vendor: Boston Tax Institute Speaker: Lucien B. Gauthier, Esq., CPA Level: Intermediate Field of Study: TX Site: USM, Abromson Center Member Fee: $195

2014 CPE Schedule August 18, 2014 - PORTLAND Corporate Finance Check-Up: Renovate Your Analytical Toolbox

August 19, 2014 - PORTLAND New Repair / Capitalization Regulations

This seminar will also include six cases and exercises for group discussion.

The temporary regulations were promulgated on 12/27/11 and became effective for tax years beginning on or after 1/01/14. The regulations provide more clarity and certain new tests for expenditures to acquire, produce, or improve tangible property. The changes in these regulations require a new way of thinking in the decision of whether to treat expenditures as a repair or improvement. The process will be subject to preparer penalties as stated in Rev. Proc. 2011-14. Additional observations and comments from the National Office of the IRS as to when to file Form 3115 will be discussed; and much more.

CPE Credits: 8 Vendor: Executive Education, Inc. Speaker: William F. O’Brien, MBA, CPA Level: Overview Field of Study: Finance Site: USM, Abromson Center Member Fee: $295

CPE Credits: 8 Vendor: Boston Tax Institute Speaker: Peter A. Birkholz, MST Level: Intermediate Field of Study: TX Site: USM, Abromson Center Member Fee: $295

Understanding how to use common corporate finance tools is a skill that separates those who will become Chief Financial Officers from those who will always remain accountants. This seminar provides a refresher on corporate finance skills for those who work or aspire to work at a CFO level.

Bring a calculator!

August 19, 2014 - PORTLAND Private Company Accounting: New Directions, New Challenges In the next few months, accounting in the United States will change forever. While most financial professionals are aware of International Financial Reporting Standards’ (IFRS) impact on public companies, many are not sensitive to the potential changes resulting from FASB’s convergence project and the effect of proposed accounting standards for non-public companies. Whether or not IFRS becomes the basis for U.S. accounting standards, the convergence and private company accounting changes impact activities well beyond financial reporting. Awareness of IFRS adoption efforts by the SEC is one thing; understanding how FASB’s convergence project and private company reporting can affect your company is a very different issue. You cannot afford to miss this critical, entertaining and interactive course. CPE Credits: 8 Vendor: Executive Education, Inc. Speaker: William F. O’Brien, MBA, CPA Level: Intermediate Field of Study: Accounting Site: USM, Abromson Center Member Fee: $295 Take both 8/18 & 8/19 Executive Education courses for $550

For complete course descriptions, go to www.mecpa.org

August 20, 2014 - PORTLAND Changes in Methods of Accounting Topics include a detailed discussion of changes in method of accounting under Rev. Procs. 2011-14 (automatic) or 97-27 (with consent), S 481 adjustments, and Rev. Proc 2002-19 (1 year spread for taxpayer favorable adjustments); the concept of timing versus permanent differences; a detailed analysis of Form 3115 as it applies to common changes in method of accounting such as missed depreciation, capitalization of expensed items previously deducted erroneously, changing from the cash method to the accrual method; changing from the accrual method to the cash method, and much more. CPE Credits: 4 (AM) Vendor: Boston Tax Institute Speaker: Peter A. Birkholz, MST Level: Intermediate Field of Study: TX Site: USM, Abromson Center Member Fee: $150 Take both 8/19 & 8/20 Boston Tax Institute courses for $325

2014 CPE Schedule August 28, 2014 - PORTLAND 2014 FASB/SSARS & SAS Update & Review Topics include practical issues involving compilation and review engagements; proposed changes to compilation and review rules involving preparation of financial statements and revisions to the compilation report; new SAS Nos. 122-127; new ethics and independence rulings involving non-attest services; proposed changes in going concern, new revenue recognition standard, and changes coming to lease accounting; OCBOA issues; fraud update; simplifying reporting and engagement work; auditing developments; and much more. CPE Credits: 8 Vendor: Boston Tax Institute Speaker: Steven C. Fustolo, CPA Level: Update Field of Study: TX, YB Site: USM, Abromson Center Member Fee: $195

September 8, 2014 - BANGOR An Overview of the Financial Reporting Framework for Small & Medium-Sized Entities The AICPA developed and released its new financial reporting framework for small and medium-size entities (FRF for SMEs), noting millions of private companies do not need to use or are not required to provide stakeholders financial statements prepared in accordance with U.S. GAAP. The FRF for SMEs is a non-GAAP financial reporting solution that will be an option for millions of America's private companies. For many small and medium-sized businesses, preparing financial statements using the special purpose framework, FRF for SMEs, provides an alternative to the complexity of U.S. GAAP. This course will give you with a comprehensive review of the FRF for SMEs as well as hands-on application examples and exercises, illustrative financial statements, and a disclosure checklist for use in preparing and reporting on FRF for SMEs financial statements. CPE Credits: 4 (PM) Vendor: Surgent McCoy CPE, LLC Speaker: Michael J. Morgan, CPA Level: Basic Field of Study: AA Site: Hollywood Casino Hotel & Raceway Member Fee: $195 Take both 4 hour Surgent McCoy courses on 9/8 for $350

September 8, 2014 - BANGOR Compilation and Review Guide and Update Specifically designed for compilation and review practitioners and their staff, this course will provide you with an overview, update, and hands-on application for performing compilation and review engagements. You’ll learn the ins and outs of SSARS No. 19, Compilation and Review Engagements, the most significant change to the compilation and review standards since their inception over thirty years ago. Not only will this course bring you up to date on SSARSs requirements and guidance, but more importantly, it will provide you with practical examples and illustrations to help you effectively and efficiently perform compilation and review engagements. CPE Credits: 4 (AM) Vendor: Surgent McCoy CPE, LLC Speaker: Michael J. Morgan, CPA Level: Intermediate Field of Study: AA Site: Hollywood Casino Hotel & Raceway Member Fee: $195 Take both 4 hour Surgent McCoy courses on 9/8 for $350

September 9, 2014 - BANGOR Real-World Fraud: War Stories from the Front Lines Just when you think you’ve heard and seen it all, another fraud case tops the headlines. Why do these frauds keep happening, and what can you do to prevent them? Come join us for an interactive session as we review landmark and recent corruption, financial reporting, and misappropriation fraud cases that occurred in the real world. We’ll discuss how to identify these types of fraud and what you can do to detect and prevent these criminal acts. We’ll also show you how to identify the red flags in corruption, financial reporting, and misappropriation frauds and review some of the most outrageous schemes. Don’t become the next victim of fraud – come and see how these schemes were conducted and learn how they were discovered. CPE Credits: 8 Vendor: Surgent McCoy CPE, LLC Speaker: Michael J. Morgan, CPA Level: Intermediate Field of Study: AA Site: Hollywood Casino Hotel & Raceway Member Fee: $325

2014 CPE Schedule September 10, 2014 - PORTLAND OMB A-133 From A to Z Make sure your Single Auditing skills stand out in this challenging and changing audit area. In this course, you will learn the complex OMB A-133 requirements that auditors will utilize in their 2014 engagements while also examining changes to those requirements that auditors will face in the future. The course materials utilize a highly illustrative format to increase concept comprehension and retention. CPE Credits: 8 Vendor: Surgent McCoy CPE, LLC Speaker: Michael J. Morgan, CPA Level: Intermediate Field of Study: Auditing (Governmental) Site: USM, Abromson Center Member Fee: $325

September 11, 2014 - PORTLAND An Overview of the Financial Reporting Framework for Small & Medium-Sized Entities The AICPA developed and released its new financial reporting framework for small and medium-size entities (FRF for SMEs), noting millions of private companies do not need to use or are not required to provide stakeholders financial statements prepared in accordance with U.S. GAAP. The FRF for SMEs is a non-GAAP financial reporting solution that will be an option for millions of America's private companies. For many small and medium-sized businesses, preparing financial statements using the special purpose framework, FRF for SMEs, provides an alternative to the complexity of U.S. GAAP. This course will give you with a comprehensive review of the FRF for SMEs as well as hands-on application examples and exercises, illustrative financial statements, and a disclosure checklist for use in preparing and reporting on FRF for SMEs financial statements. CPE Credits: 4 (PM) Vendor: Surgent McCoy CPE, LLC Speaker: Michael J. Morgan, CPA Level: Basic Field of Study: AA Site: USM, Abromson Center Member Fee: $195 Take both 4 hour Surgent McCoy courses on 9/11 for $350

September 11, 2014 - PORTLAND Compilation and Review Guide and Update Specifically designed for compilation and review practitioners and their staff, this course will provide you with an overview, update, and hands-on application for performing compilation and review engagements. You’ll learn the ins and outs of SSARS No. 19, Compilation and Review Engagements, the most significant change to the compilation and review standards since their inception over thirty years ago. Not only will this course bring you up to date on SSARSs requirements and guidance, but more importantly, it will provide you with practical examples and illustrations to help you effectively and efficiently perform compilation and review engagements. CPE Credits: 4 (AM) Vendor: Surgent McCoy CPE, LLC Speaker: Michael J. Morgan, CPA Level: Intermediate Field of Study: AA Site: USM, Abromson Center Member Fee: $195 Take both 4 hour Surgent McCoy courses on 9/11 for $350

For complete course descriptions, go to www.mecpa.org

September 12, 2014 - PORTLAND Real-World Fraud: War Stories from the Front Lines Just when you think you’ve heard and seen it all, another fraud case tops the headlines. Why do these frauds keep happening, and what can you do to prevent them? Come join us for an interactive session as we review landmark and recent corruption, financial reporting, and misappropriation fraud cases that occurred in the real world. We’ll discuss how to identify these types of fraud and what you can do to detect and prevent these criminal acts. We’ll also show you how to identify the red flags in corruption, financial reporting, and misappropriation frauds and review some of the most outrageous schemes. Don’t become the next victim of fraud – come and see how these schemes were conducted and learn how they were discovered. CPE Credits: 8 Vendor: Surgent McCoy CPE, LLC Speaker: Michael J. Morgan, CPA Level: Intermediate Field of Study: AA Site: USM, Abromson Center Member Fee: $325

2014 CPE Schedule September 16, 2014 - PORTLAND LLC - Current Developments Topics include current developments regarding LLCs treated as partnerships; check-the-box regulations; self-employment tax imposed upon members of an LLC treated as a partnership; state taxation of multi-member LLCs (including withholding by partnership); automatic classification change to partnership; tax consequences under Rev. Rul. 99-5 if the status of an LLC changes to partnership; elective (Form 8832) classification change to partnership; IRS regulations on treatment of changes in elective entity; mergers of LLC with another LLC or other entities (corporation, limited partnership and general partnership); conversion (by statute) of LLC into other entities or vice versa; recalculation of values under S 704(c) if an LLC merges into another partnership; pitfalls if an LLC is treated as an S corporation; and much more. We recommend taking this seminar before taking Partnerships and Partners. CPE Credits: 8 Vendor: Boston Tax Institute Speaker: Paul Plourde, Esq., CPA Level: Intermediate Field of Study: TX Site: USM, Abromson Center Member Fee: $195

September 17, 2014 - PORTLAND Partnerships & Partners Topics include current developments under Subchapter K; allocation of partnership liabilities under S 752; final regulations under S 721 regarding the tax treatment of noncompensatory options and convertible instruments issued by a partnership; allocation of profits and losses under S 704 (including allocations under S 704 (c) attributable to assets whose values have increased or decreased prior to contribution); taxation under S 707 attributable to partnership payments to partners (including guaranteed payments under S 707(c)); taxation under S 731 attributable to liquidating and nonliquidating distributions by partnerships; taxation under S 736 attributable to partnership distributions to retiring partners or deceased partners (including the application of the S 1411 net investment income tax to payments under S 736 ; taxation under S 741 attributable to sale of partner’s equity interest in a partnership (including exceptions to S 1411 net investment income tax for dispositions of interest in partnership in -7 regulations and installment sales or situations where the underlying partnership holds hot assets under S 751); and much more. We recommend taking this seminar after taking LLC-Current Developments. CPE Credits: 8 Vendor: Boston Tax Institute Speaker: Paul Plourde, Esq., CPA Level: Intermediate Field of Study: TX Site: USM, Abromson Center Member Fee: $195

September 18, 2014 - PORTLAND Future Success: Building the CPA Firm for the 21st Century Public accounting is shifting from the practice mindset of the past to one of survival and growth. A sustainable and expandable platform for a thriving business tomorrow will be driven by three things: • building a business structure that lasts and flourishes • increasing revenue through a firm-wide business development focus, and • creating a ―firm of choice environment emphasizing recruiting, training and retaining the best talent. Don't be left behind; begin to make these shifts today! CPE Credits: 8 Vendor: Frank Sanitate Associates Speaker: Mark Fowler Level: Basic Field of Study: MG Site: USM, Abromson Center Member Fee: $250

September 19, 2014 - PORTLAND Succession Planning for CPAs: Sell, Merge or Be Bought Out by Your Team? Succession and transition planning for CPAs has become a more and more important issue over the past 5 to 10 years. The aging CPA base, expanding client needs, talent development and ownership transition have made succession an essential for today‘s CPA business plan. Don't be caught unprepared when an opportunity arises to merge or sell your firm or by unexpected departures by partners or other key personnel leaving. Risk management and long-term planning are essential in making any transition a natural process not a chaotic event. This workshop focuses on creating succession plans that work in concert with firm goals. CPE Credits: 8 Vendor: Frank Sanitate Associates Speaker: Mark Fowler Level: Basic Field of Study: MG Site: USM, Abromson Center Member Fee: $250