MACPA Statement // May 2016

STATEMENT MACPA’S

M AY 2 0 1 6

New membership model, renewal system, and website coming soon Page 4

ALSO INSIDE MACPA wins some, waits on others as 2016 legislative session ends Page 9 FASB’s new leasing standard: Three things to do now Page 10

Maryland Association of Certified Public Accountants, Inc.

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CONTENTS MAY 2016 | Maryland Association of Certified Public Accountants, Inc.

CHAIR’S COLUMN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 FEATURES Welcome to ‘frictionless’ MACPA membership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Top HR issues you should be watching now. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

DEPARTMENTS News & Views . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Financial Planning . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 High-Tech Solutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Tax Corner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 NYPN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Member Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34

MEMBER NOTES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 CLASSIFIEDS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 UPCOMING EVENTS & COURSES. . . . . . . . . . . . . . . . . . . . . . . . . . 40

ADMINISTRATION Becky Conley becky@macpa.org

Debbie Zizwarek debbie@macpa.org

Dee Sullivan dee@macpa.org

Virginia Jackson, CPA Kelly Jennings, CPA

TECHNICAL SERVICES

Amy Stumme amy@macpa.org

Emily Trott emily@macpa.org

Cora Edwards cora@macpa.org

Ryan Wey ryan@macpa.org

COMMUNICATIONS

MaryBeth Halpern marybeth@macpa.org

Rebecca Zimmerman becca@macpa.org

Barrett Young, CPA

2015-2016 BOARD OF DIRECTORS

MACPA EXECUTIVE DIRECTOR

OFFICERS

J. Thomas Hood III, CPA tom@macpa.org

Amy Moran amym@macpa.org Bill Sheridan bill@macpa.org FINANCE

PROFESSIONAL DEVELOPMENT Pamela C. Devine pam@macpa.org Chris Dougherty chrisd@macpa.org

Michael Manspeaker, CPA, CGMA Chair

Andrew Hood andrew@macpa.org

Lisa Cines, CPA Vice Chair

MEMBER SERVICES

Donna Carson donna@macpa.org

Kenneth Kelly, CPA, CGMA Secretary/Treasurer

Lauren Baker lauren@macpa.org

Paige Sawicki paige@macpa.org

Margaret DeRoose margaret@macpa.org Laura Swann, CPA lauras@macpa.org

Marianela Del Pino-Rivera, CPA Immediate Past Chair

WE WANT TO HEAR FROM YOU! See below to submit content

Brien Poffenberger Richard L. Wolf, CPA, CFE, CGMA

SENIOR STAFF

MACPA DEPUTY EXECUTIVE DIRECTOR Jacqueline E. G. Brown jackie@macpa.org DIRECTOR OF FINANCE AND ADMINISTRATION Skip Falatko, CPA skip@macpa.org

Bill Sheridan | MACPA Dulaney Center II 901 Dulaney Valley Road Suite 800 Towson, MD 21204 FOR CONTENT SUBMISSION: bill@macpa.org feedback@macpa.org TO ADVERTISE IN THE STATEMENT: Andrew@macpa.org AmyM@macpa.org P: 410.296.6250 F: 410.296.8713 Toll free: 800.782.2036 The MACPA reserves the right to edit all submissions for grammatical style and / or length.

DIRECTORS

Statement of fact and opinion are made by the authors alone and do not imply an opinion on the part of the officers or members of MACPA.

PRODUCT DEVELOPMENT

Terri Smith terri@macpa.org

Jennifer Elder, CPA, CMA, CIA, CFF, CGMA

The Statement is published four times a year by the Maryland Association of Certified Public Accountants, Inc.

Akesha Brown akesha@macpa.org

Jennifer Stevens jennifer@macpa.org

Laura Freitag, CPA

Bill Sheridan, Editor Amy Moran, Advertising Sales

Rebekah Brown, CPA rebekah@macpa.org

MAY 2016

Laura Dorsey-Shaner laura@macpa.org

CHAIR’S COLUMN BUILDING A PROFESSION FOR TOMORROW... AND BEYOND BY MICHAEL MANSPEAKER, CPA, CGMA

DIRECTOR OF ACCOUNTING, ASSURANCE AND QUALITY CONTROL, Smith Elliott Kearns & Company

It’s amazing, isn’t it, how quickly time flies? This is my final Statement column before Lisa Cines succeeds me as MACPA chair in July, and it’s hard to believe that nearly a full year has passed. But as they say, time flies when you’re having fun — if you can call what we’ve been dealing with recently “fun.” A CHANGING PROFESSION The profession as we know it may be in the process of transforming before our very eyes. As we speak, AICPA members are voting on a proposal to create a new association that will serve the world’s entire accounting profession — public and management accountants included. The ballot is the latest step in a “joint venture” launched in 2011 between the AICPA and the Chartered Institute of Management Accountants. The first step in that venture resulted in the 2012 creation of the Chartered Global Management Accountant designation. The proposal isn’t a merger. The AICPA and CIMA will remain their own entities, and AICPA members today will remain AICPA members and keep all of the same membership benefits they currently receive. What the proposal will do is create a truly international organization of accounting professionals that is dedicated to strengthening the profession and transforming it into a future-focused network of the world’s most trusted business advisors. Current AICPA and CIMA members would automatically become members of the new association, creating a 600,000-member international organization that works to advance and protect all accountants throughout the world. MACPA members have voiced strong support for the measure during recent town hall meetings, and the association’s Board of Directors has passed a resolution

in support of the AICPA moving forward with the joint venture.

heads-down doing some of our economy’s most important work, it’s nearly impossible.

Voting will continue through June 16. We’ll undoubtedly hear more on this as spring rolls into summer.

That’s where the MACPA comes in. The association monitors what’s happening today and does the future-focused work of anticipating what’s going to happen tomorrow, all with an eye toward strengthening the profession and protecting the public. It does the vital work that CPAs can’t do on their own. In short, the MACPA helps guide us through the minefields of today … and to the opportunities that await down the road.

LEGISLATIVE AND REGULATORY UNCERTAINTY Our friend and renowned futurist Daniel Burrus predicts government regulation will be one of three “hard trends” that will shape the future of the profession. (The others are demographics and technology.) Judging from the frequently with which we’re seeing truly game-changing regulation, I’d say Burrus nailed that prediction. The profession’s alphabet soup of regulators — FASB, GASB, IASB, SEC, IRS, PCAOB — have all released new rules in recent weeks that impact how CPAs work and serve clients. On top of all of that, MACPA members and staff spent considerable time and effort in Annapolis this spring supporting a number of bills that would strengthen the profession and protect the public. The association also joined the nationwide movement to delay the implementation of the Department of Labor’s contentious new overtime rules. Audit quality also has been under the regulatory microscope lately, and that has all kinds of implications regarding things like peer review, recruitment, and professional development. We’re keeping a close eye on these issues as well. In short, it’s already been a busy 2016 on the regulation front, and there’s no sign that regulators are going to ease up anytime soon. Add to that our political maelstrom and the uncertainty over the regulations and reforms our next president might pursue, and it’s enough to make any CPA’s head spin. WORKING FOR YOU, SO YOU CAN DO YOUR WORK It’s hard enough for paid lobbyists to keep up with all of these changes. For CPAs who are

CPAs themselves are better positioned than most to take advantage of those opportunities. If I was part of any other industry and faced a similar onslaught of change and complexity, I’d be worried—not only about my own future, but the future of my profession. But with their core values of competence, integrity, objectivity, business acumen, and lifelong learning, CPAs are uniquely qualified to deal with these changes. Who better to thrive in an environment of change and complexity than a CPA? And who better to guide them than the MACPA? It has been my honor to serve as the MACPA’s chair for the past year, and I thank you for this opportunity. This is an amazing organization that serves an amazing profession. The MACPA’s staff and CPA volunteers are smart, talented, future-focused, and dedicated to protecting our profession, and we’re better CPAs for their efforts. The work isn’t done, though. Next year promises to be just as transformative as this year—if not more so. Walk with us as we continue to do our part to strengthen our profession for tomorrow … and beyond.

STATEMENT

Bring SPF. Take CPE. JULY 6, 7, & 8 Ocean City, MD | Clarion Resort Fontainebleau Hotel Up to 20 CPE credits The MACPA Beach Retreat is held every year in Ocean City, MD. Members are encouraged to bring families and make Beach Retreat part of a working vacation. Multiple courses are offered every day of the retreat, and participants are invited to take as many (or few) sessions as they like.

macpa.org/BeachRetreat

Welcome to ‘frictionless’ MACPA membership New membership model, renewal system and website will take the guesswork out of connecting to your profession

Some revolutionary and exciting new things are happening at the Maryland Association of CPAs.

really like getting a paper renewal form in the mail, we’ll be happy to send one to you.

We hope you won’t notice them.

But trust us: The new system is way easier.

The MACPA will soon be rolling out a new membership model and renewal system that are designed to make your lives a bit easier. They’re designed, in fact, to make your interactions with us as frictionless as possible. Things you used to have to take care of yourselves will now be automated, letting you get on with the important work of building your businesses and living your lives.

We will also be inviting you to “subscribe” to your membership and pay monthly rather than annually. These automatic and recurring billing systems offer you many benefits.

HERE’S WHAT HAS CHANGED Your annual membership will renew—and the renewal fee will be applied to your credit card—automatically. We won’t be bugging you to renew any longer … unless you want us to. If you really,

• First, there is no annual renewal ordeal. You simply are or are not a member. • Second, the new billing model (and streamlined online user interface) will make it easier for members to make ongoing purchases, like contributions to our political action committee or Education Foundation, or to subscribe to new CPE products. STATEMENT

BY BILL SHERIDAN, CAE Simply put, we are removing the friction from how members pay for MACPA services, including membership. We also are working to connect our members with futurefocused non-CPA leaders. More and more CPA members are being supported by leaders in IT, finance and accounting, many of whom don’t plan to become CPAs but have relevant college and post-college degrees. We believe creating opportunities that benefit both CPAs and these non-CPA leaders is important. As advisory services continue to grow quickly, we believe this trend is here to stay. Connecting non-CPA associates to the profession in this way also could convince them to consider the CPA credential. Former MACPA Chair Kimberly Ellison-Taylor is a great example; she started in IT and then realized the benefit of adding the CPA. Today, she serves as vice chair of the American Institute of CPAs. She will be installed as Maryland’s first AICPA Chair in October. MACPA TRANSFORMING ITSELF AS WELL These new models will be launched in tandem with a new MACPA website that’s designed to be cleaner, intuitive, mobile-friendly and much, much easier to use. Included in that new site will be robust communities that will connect members with relevant content, CPE, and perhaps most important, fellow members who share common interests. These changes are part of a larger transformation taking place at the MACPA. For years now, we have been espousing the virtues of “social business,” flexible and open work environments, and cloud-based infrastructure. Now, we’ve decided it’s time to put our money where our mouths are. The MACPA has been working in an open-office environment for nearly two years, with impressive productivity results. A number of our employees work virtually full or nearly full time. And now, we are in the process of implementing a completely cloud-based, app-based infrastructure that will give us the flexibility and nimbleness to adjust to future trends and opportunities.

Our association is now future-ready. Adjusting our membership model will help make our members future-ready, too. What won’t change Maryland’s CPAs:

our

commitment

serving

• We are still committed to connecting you to the people and resources you need to succeed.

UPCOMING CHANGES • • • • •

Membership auto-renewal Option to subscribe monthly Easier purchasing process New website and interface Interest-specific online communities

calls “the membership economy.” In her book by the same name, Baxter says the key to your business’s future isn’t innovation, or learning, or finding your next competitive advantage — though each of those things is vitally important and will give you a huge leg up on the competition. No, Baxter says the biggest key to your future success is people. “I define membership as the state of being formally engaged with an organization or group on an ongoing basis,” Baxter writes. “An organization able to build relationships with members — as opposed to plain customers — has a powerful competitive edge. It’s not just changing the words you use; it’s about changing the way you think about the people you serve and how you treat them.” Baxter’s point is clear: When you start treating your stakeholders as members rather than mere customers, amazing things start to happen. “Companies that enjoy a membership relationship with their customers are enjoying multiples of about eight times of their transactional peers,” Baxter said. “The companies that understand how to create subscription models and build community and create stickiness are seen as being imminently more valuable than the ones that don’t.” At the MACPA, our goal is to add value and solve problems for our members by reducing friction. As your professionals association, we are dedicated to helping you connect the dots. You’re busier than ever. You’ve got your work to do, so we do the work of connecting you to the people, information and resources you need to succeed.

• We are still committed to protecting and promoting the CPA profession in Maryland and D.C. through legislative advocacy.

In a world defined by social connections, our networks and relationships matter more than ever. That’s the power of associations. We build your networks. We make those connections. We protect your profession. We bridge the gaps.

• We are still committed to helping our members achieve success through technical excellence, thought leadership and best-in-class professional development.

Relationships matter. Networks matter. Associations matter. In the social age, they might be the only things that matter.

‘THE MEMBERSHIP ECONOMY’ The changes are inspired in part by what Robbie Kellman Baxter MAY 2016

Our hope is that these updates will be small steps in our ongoing journey toward strengthening those networks.

NEWS & VIEWS CPAs to vote on plan to create international association B Y BI L L S H E R IDA N , CA E

A plan to create a new association that will serve the world’s entire accounting profession is going before America’s CPAs for a vote.

network of the world’s most trusted business advisors. Current AICPA and CIMA members would automatically become members of the new association, creating a 600,000-member international organization that works to advance and protect all accountants throughout the world.

The American Institute of CPAs’ governing Council is asking its members to approve the proposal, which is the latest step in a “joint venture” launched in 2011 between the AICPA and the Chartered Institute of Management Accountants. The first step in that venture resulted in the 2012 creation of the Chartered Global Management Accountant designation.

Equally important, the new association would be a powerful advocate for the world’s accountants, fighting against onerous, unnecessary regulation and protecting the public interest.

The ballot was sent to AICPA members during the week of April 18. A third party will distribute the ballot under the name “AICPA Independent Tabulator.” Members are asked to add the e-mail address noreply@directvote.net as an approved sender so they’ll be sure to receive the ballot. Voting will remain open through June 16. A FUTURE-FOCUSED NETWORK OF THE WORLD’S ACCOUNTANTS The proposal isn’t a merger. The AICPA and CIMA will remain their own entities. AICPA members today will remain AICPA members and keep all of the same membership benefits they currently receive. The AICPA itself will remain committed to serving its members and protecting and promoting the CPA profession. That includes a continued focus on the profession’s core areas like audit, financial reporting, and tax. What the proposal will do is create a truly international organization of accounting professionals that is dedicated to strengthening the profession and transforming it into a future -focused

WIDESPREAD GRASSROOTS SUPPORT The plan has already earned widespread support from America’s CPAs. Maryland Association of CPAs Executive Director Tom Hood said MACPA members have been strongly supportive of the plan. Hood explained the joint venture to members in a series of town hall meetings in the fall. He found that roughly 76 percent of members in attendance said they either “liked it, loved it, or could live with it.” About 20 percent said they needed more information before deciding, and only 6 percent said they opposed the plan.

in support of the AICPA moving forward with the joint venture. In addition, the Journal of Accountancy reports, “the proposal has been endorsed by the AICPA Board and Council and has received support from 51 state CPA societies, leaders from many small, medium and large firms, and finance leaders from organizations across the U.S. and around the world.” A number of AICPA committees, including the Private Companies Practice Section, the Business and Industry Executive Committee, the Government Performance and Accountability Committee, and the Women’s Initiatives Executive Committee, have also voiced their support. AICPA President and CEO Barry Melancon spoke at length with the MACPA recently about the benefits of the joint venture. Listen to what he had to say at MACPA.org/JointVenture. Bill Sheridan, CAE, is editor of The Statement and chief communications officer of the MACPA.

Most CPAs in public practice were sold on the idea once they understood that management accountants cannot dilute the CPA brand by providing services traditionally offered exclusively by CPAs, such as auditing, attestation, and tax. Members who work in business and industry, meanwhile, liked the proposal because it offers them a path to learning vital new skills and providing value-added services above and beyond internal audit and financial statement preparation — services like digital strategy, market analysis, IT, and corporate strategy. As a result, the MACPA’s Board of Directors passed a resolution on Jan. 21

VOTE using the ballot you received from noreply@ directvote.net or by visiting www.directvote.net/aicpa. STATEMENT

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NEWS & VIEWS MACPA wins some, waits on others as 2016 legislative session comes to a close B Y E D I TH O R EN STE IN The Maryland General Assembly closed the final day of its 2016 legislative session on April 11. As usual, the last day of the 90-day legislative season closed with a flurry of activity, and MACPA CEO Tom Hood and Manager of Advocacy Mary Beth Halpern were there to provide an expert resource to elected officials and their staffs on bills the MACPA supported and other bills. Coinciding this year with the MACPA’s 116th birthday, “sine die,” as the final day of the legislative session is called, provided the opportunity to celebrate key legislative victories on several issues on which the association played offense and defense. On offense, lawmakers passed a key bill that the MACPA supported. House Bill 484 / Senate Bill 288, which passed unanimously in each house, extends by one month the date on which state C corporation tax returns will be due to align with the new (extended) date of federal C corporation returns. Significant progress was also made on HB 162, the Taxpayer Protection Act, which was introduced at the request of Comptroller Peter Franchot and would provide enhanced investigative powers to the Comptroller’s Office. The bill is aimed at fraudulent tax preparers, such as a string of tax preparation agencies that have been shut down in a sweep in Maryland and other states for, in some cases, targeting the homeless and other individuals to overstate refunds and misdirect the funds to the preparers’ own private accounts. Supported with testimony by Hood and two MACPA members, the bill passed the House with only one objection and passed unanimously in the Senate. Although the bill passed in both Houses of the Maryland General Assembly, the clock ticked down to the end of the 2016 legislative session before the Senate and House could agree on amendments to the bill; therefore, it is MAY 2016

likely to be taken up again next year. On defense, testimony by the MACPA was influential in staving off a bill that would have been harmful to CPA firms and businesses in Maryland. HB 1440, “Labor and Employment: Non-Compete and Conflict of Interest Clauses,” ultimately received a heavily divided vote in the House and was not voted on by the Senate. ISSUES ANTICIPATED FOR CARRYOVER NEXT YEAR In addition to anticipated further action next year on finalizing the Taxpayer Protection Act, certain bills that the MACPA lobbied for did not pass both houses this year and are expected to be taken up again next year. For example, proposed legislation to introduce a small business cap for appeal bonds, introduced as HB 171 / SB 231, passed unanimously in the House but was not voted on in the Senate. The MACPA provided testimony in related hearings in both the House and the Senate. Although the separate small business cap was not achieved this year, the MACPA was successful in the 2015 session in supporting the introduction of an appeal bond cap. Previously, there had been no cap on the amount of appeal bonds, jeopardizing companies that wanted to appeal by requiring them to post appeal bonds equal to the amount of judgments. The Maryland Chamber of Commerce joined the MACPA in supporting these and certain other bills. Other bills of interest to CPAs included the Wynne tax refund interest rate bill, which was not voted on, and a series of tax relief bills aimed at boosting economic investment in Maryland, known as the “Augustine Commission” bills. The MACPA did not take a formal position on those bills. Although it appeared one of the Augustine bills may have passed both houses,

the remaining bills did not. They likely will be reintroduced next year. One bill which the MACPA testified against was the Maryland Healthy Working Families Act (the mandatory sick leave bill), HB 580 / SB 472. This bill passed the House of Delegates, with the vote heavily divided following testimony by the MACPA and other groups. The bill was not voted on in the Senate. The MACPA did not object based on the merits of the bill but rather on the significant cost and complexity to business owners (particularly small business owners). MACPA MADE A DIFFERENCE Reflecting on the important legislative wins this year by aligning state and federal C corporation due dates and coming close to achieving final passage of the Taxpayer Protection Act, Hood noted that the association’s efforts would result in easing the burden on CPAs who do tax and audit work during busy season. And as the legislature works to finalize the Taxpayer Protection Act next year, the MACPA’s early efforts this year and anticipated continued efforts next year will help keep CPAs in business and industry and taxpayers from being harmed by fraudulent tax preparers who increasingly turn to identity theft and other fraudulent schemes. The MACPA wishes to thank its members for participating in CPA Day at the opening of the legislative season, testifying in hearings, and meeting with elected officials throughout the year. The MACPA also wishes to thank its lobbyist, Nick Manis, of Manis, Canning and Associates, and the Maryland Chamber of Commerce for working collaboratively in support of certain bills. Edith Orenstein is a contributor to The Statement and the MACPA’s blog, CPA Success.

NEWS & VIEWS FASB’s new leasing standard: Three things to do now BY E DI TH O R EN STE IN

And they’re off! Like a day at the races, preparers, auditors and business managers are clamoring to digest the new standard on “Leases (Topic 842)” in the official “rulebook” of U.S. Generally Accepted Accounting Principles, the Accounting Standards Codification. The Financial Accounting Standards Board has officially opened the implementation gate by releasing the game-changing new standard. POTENTIAL IMPACT The leasing standard is substantial, not only in sheer size (485 pages) but also in the potential impact on financial statements -- particularly for lessees, who will now be

required to place all leases with terms in excess of 12 months on the balance sheet. (Previously, lessees evaluated whether a lease would be placed on the balance sheet as a capital lease, or recorded offbalance-sheet as an operating lease, based on applying a set of factors.) Lessors may also be significantly impacted under the new standard if the changes to the accounting model for lessees translates into an economic impact for lessees (e.g. by impacting the ability to raise capital due to changes in lessee’s leverage ratio or other key ratios). How likely is it that the leasing industry will be impacted? Although the aggregate

amount of leased assets moving to balance sheets has been reported by the Wall Street Journal and Lease Accelerator to be in the trillions, some have argued that the impact could be minimal, since sophisticated investors and analysts have been able to impute the impact of leases on a pro forma basis, using information on lease obligations disclosed in the footnotes to the financial statements. An early report issued by Lease Accelerator, titled “Who is Most Impacted by the New Lease Accounting Standards,” hedges somewhat, stating: “Most experts on the new lease accounting standards believe that the majority of companies will not change STATEMENT

NEWS & VIEWS their leasing behaviors. Accounting treatment is just one of many benefits of leasing. Of course, that does not rule out the possibility that there could be a few surprises.” FASB EFFECTIVE DATE; SEC REPORTING REQUIREMENTS The Lease Accelerator report also points out that the effective date of the new leasing standard, for all intents and purposes, can be viewed two years earlier than the stated effective date of 2019 for public companies (2020 for all other entities), due to requirements of the Securities and Exchange Commission that public companies provide three years of comparable income statement data and two years of comparable balance sheet data. The FASB permits a “modified retrospective” transition approach and offers certain “practical expedients” to apply at initial adoption. Nonetheless, companies will want to gear up to capture information, even if retroactively, and ideally on a current basis as soon as practicable, to enable comparative reporting when the first published financial statements are required in 2019 for public companies. Another consideration coming into play ahead of the effective date of the new standard is the SEC’s requirement under Staff Accounting Bulletin No. 74, “Disclosure Of The Impact That Recently Issued Accounting Standards Will Have On The Financial Statements Of The Registrant When Adopted In A Future Period.” SEC Deputy Chief Accountant Wes Bricker reminded registrants of this obligation when he concluded remarks on another of FASB’s major new standards, the new standard on revenue recognition, “Revenue from Contracts (Topic 606)” (as amended by deferral of effective date to 2018 for public companies, and 2017 for private companies). “As companies prepare their annual financial statements over the next couple of months, we are looking forward to reviewing more detailed disclosures about the expected effect the new standard will have on those financial statements MAY 2016

[Footnote 9 referencing SAB 74],” Bricker said. “If that effect is still unknown, then in addition to making a statement to that effect, a registrant may consider advising investors when that assessment is expected to be completed. Again, this is about providing useful information to investors who need time to analyze the impact on companies.” Another responsibility when implementing a new accounting standard is to gauge the impact on, and update as appropriate, internal controls over financial reporting. SEC Deputy Chief Accountant Brian Croteau provided a reminder on this point in his remarks at the AICPA’s December conference. “It is important to give ongoing consideration to implementing or redesigning controls as necessary in connection with the application of new accounting standards and policies,” Croteau said. “Such changes in accounting have the potential to significantly impact many important areas of financial reporting. Management’s ability to successfully transition to new accounting standards will depend, to a large degree, on the effective design and operation of ICFR. I’d also remind management to consider its quarterly obligations to disclose material changes to ICFR, including in situations where such changes are made in advance of the adoption of a new standard, but also impact current period financial reporting. THE TOP THREE THINGS TO DO NOW Recognizing the depth and breadth of the implementation exercise on FASB’s new leasing standard, we asked leasing experts what the top three things are that companies should do now. From Kimber Bascom, KPMG’s global leasing standards leader: “Organizations should first ensure their pertinent accounting, finance, and operating personnel receive training around the new requirements so they can assess the impacts of the new standard on their existing

and prospective lease agreements. Executives may wish to renegotiate the terms of some existing leases or take a different approach to the structuring of future leases. They also may want to rethink some lease-versus-buy decisions, and a sound understanding of the new standard’s requirements is essential for those purposes.” From Dean Bell, KPMG’s new leases standard implementation lead partner: “Secondly, having a complete repository of lease data is paramount to successfully apply the new guidance. To collect that data, organizations will need to develop a complete inventory of their existing leases. It’s critical to get an early start on that process. Securing executive sponsorship of the plan for data collection is key.” From both Bell and Bascom: “The third thing that companies should focus on is identifying which of their existing leases will continue to be considered leases under the new guidance and analyze the implications of the new standard’s requirements on existing systems, processes, and controls for those transactions. Involving a cross-functional team comprised of leaders from throughout the organization will help with the timely identification of the effects on financial statements, and internal processes and controls. Some organizations may want to consider adopting the new leasing and revenue recognition standards at the same time, through a single adoption process, since there may be synergies in doing so.” Additional information can be found in KPMG’s Defining Issues, “FASB Balloons Balance Sheet with New Lease Accounting Standard,” found at MACPA.org/KPMG_Leases.

TOP HR ISSUES YOU SHOULD BE WATCHING NOW B Y SA N D R A W ILE Y, BOOM E R CONS ULT ING Regulation, collaboration, engagement, talent, training, retention, recruitment and motivation. When you hear these powerful words, what comes to mind? I hope that the area of human resources or talent development are top of mind and I also hope they don’t come with another word —scary. This month, I hope to replace any negative connotations you might have with something that will destroy fear— knowledge. Let’s look at some of the top issues in HR right now, and how your firm should be responding. EMPLOYEE ENGAGEMENT Employee engagement has made its way firmly into HR vocabulary over the last few years. However, continued work in this area is needed. In a recent Gallup poll, it is reported that only 13 percent of employees worldwide are engaged at work. That is a pretty paltry number by anyone’s standards. Firm response: Read and implement the strategies in “The Engaged Employee: 10 Initiatives for Successful Firms.” You’ll find it at MACPA.org/Engaged. HUMAN RESOURCE REGULATIONS As a profession, we are acutely tuned in to regulations that affect our accounting practice, but regulations certainly don’t stop there. Our world is changing and with that so are laws that affect virtually everything we do with our team and ultimately your business. A few of the big ticket items to watch in human resources are: • Changes to overtime rules. • Same-sex marriage / protections for LGBT individuals.

• Reasonable accommodations. • Paid sick leave. • National Labor Relations Board (NLRB) – pursuit of workplace policies. • Independent contractors’ increased workplace rights. And the list continues to grow. Firm response: Review current policies and insure you are in compliance. Join the Society of Human Resource Management (shrm.org) and stay informed. Due to the fact this is an election year, the changes will come fast and furious and your firm needs to be prepared to act. INCREASED NEED FOR DATA AND ANALYTICS TOOLS The ability to collect, process and analyze “big data” is becoming a crucial factor in identifying and managing the challenges of business lifecycles, including talent management. Firms that want to gain a competitive edge increasingly need to use analytics to gain data-driven insights into workforce trends and take action to refine recruitment, compensation and other performance incentives to meet employees’ evolving goals and interests. Firm response: Create a new “talent” vision for the firm based on current, but not accessible, HR data. Determine where you are storing data today, and create a “wish list” of the questions that you wish could be answered if you could mine the data that is sitting in your current systems. Then, research the potential solutions that could help you get those answers. While the systems may be a little tricky to find today, they will become more readily available

soon. Talk to your current software providers specifically about what you want and their plans to upgrade their systems. NEED FOR INTEGRATED WORKFORCE MANAGEMENT SYSTEMS It is time to upgrade your systems in the HR area of your firm. Just one example of why this should be on your radar is for firms with 50 or more full-time employees or full-time equivalent employees, the Affordable Care Act has transformed what was once an annual enrollment event into a monthly process of tracking and reporting extensive data. To comply with the law, various personnel in tax, finance, IT, audit and HR who never had to share data may now need to partner to help avoid costly penalties. Gathering the required data from multiple systems can present a challenge so it will become even more important for firms to consider an integrated human capital management solution. Firm response: Now is the time to research and make a commitment to implement a future ready human resource management system (HRMS). This system will include the management of recruitment, performance management, learning and compensation management. A few systems to start are Zenefits, Halogen, SuccessFactors, Sage HRMS, ProStaff, and Silkroad. THE FIVE-GENERATION WORKFORCE You read that right – five generations in the workforce working side by side. HR must be prepared for the potential challenges this may bring to your firm. Sixty-seven percent of workers say that STATEMENT

they are encountering intergenerational issues in the workplace as a result of the widening age gap. However, 39 percent of employees are concerned about losing knowledge as their older colleagues retire, implying that succession planning should be top of the HR agenda in 2016. Firm response: I wish you could hear me right now singing the song “Respect” by Aretha Franklin! I think that infusing respect into the firm by talking about the amazing things that each generation brings to the firm is the answer. Open communication, cross generational committees, new ideas that are considered by all and recognizing the power of five generations as a positive rather than a negative are all great places to begin.

COMPETITIVE RECRUITMENT STRATEGIES Recruitment has become an art in our profession. The acquisition of firm talent is a strategy that firms are dealing with 365 days a year, 24 hours a day. The competition is not about the firm across town now, it is a global fight against not only public firms, but private companies that want the best and the brightest and they are working just as hard as you are to find and retain the best talent. Firm response: Begin your recruiting war plan with a ubiquitous vision toward branding your firm in a way that will attract amazing people. Yes, you heard that right – branding. Marketing and HR should work

hand in hand to develop strategies that will attract the talent that will fit your culture. A few amazing resources that you should explore are Workable and Accountingfly to aid in your recruiting success. While this list is not fully exhausted of all HR issues – let’s face it, that would take more than the length of an article – you certainly should have a new appreciation for the issues your firm will be experiencing in the near future. Read, absorb and then take positive actions that will protect your future ready firm. Sandra Wiley is chief operating officer and shareholder of Boomer Consulting, Inc.

SKIP THE DRIVE.

SIMULCASTS NOW AVAILABLE.

New simulcasts on a new platform are now available for your convenience. MACPA members are receiving better content and training than ever before. Our conferences, special events, and seminars are getting incredible reviews and participation. But we know that sometimes long travel times can prevent you and your staff from attending these great events. That’s why we have launched a new season of CPE simulcasts on a new platform. Try it out by registering for one or more of these upcoming courses today! MAY 2016

6/3

Accounting Educators’ Conference

6/8

Yellow Book: Government Auditing Standards

6/9

The Complete Guide to Maryland Death Taxation

6/15

Accounting and Reporting for Not-for-Profit Organizations

6/17

2016 National Practice Management Conference

6/21

Professional Issues Update Town Hall with Tom Hood (Complimentary CPE) + MACPA Annual Meeting

To register, visit macpa.org/calendar. 13

FINANCIAL PLANNING Living a long life may have financial consequences BY M E L I S SA BA RN ICKE L, CPA , C LT C

We all want to live a long life doing the things we love. We envision enjoying time with family and friends, traveling, or finally reading that classic book. But along with all the joys of retirement, have your clients prepared for the potential long-term care they might need in the future? It is important for clients to have a long-term care discussion with their family and trusted advisors so their wishes can be implemented in a financially advantageous manner when the time comes. Key questions for clients to discuss include the following: • What are their long-term care preferences? • What are the best- and worst-case scenarios for the varying stages of care? • Where do they want to receive care? If their first choice is not available, where do they want to go next? • Which family and friends of theirs

planned well for long-term care? What were their plans? • Does their current financial plan account for long-term care? • Are their end-of-life documents current? Do family members know where they are? • How will they pay for their long-term care? • Will the plan impact their day-to-day lifestyle if funds are allocated for long-term care? Please note that planning for long-term care does not necessarily require longterm care insurance. Funding can come from multiple sources. Some of our clients use traditional long-term care insurance, while some prefer using linked-benefits (life insurance or annuity with a long-term care rider) with retirement income. Still others use a combination of these. However, many wealthy clients decide to include insurance in their overall risk management strategy, including using

a trust to fund the policy. Insurance, therefore, allows ready funds to pay for care when needed. Various reasons clients may not have addressed long-term care planning include the following: • Wealth may be sufficient, or they think it is. • They deny the need for it. • They assume family members will provide the care. • They believe health insurance will cover the care. • They expect premiums to be too high. • It has not been discussed with them. Primary reasons for purchasing long-term care insurance include the following: • Asset protection. • Security and peace of mind. • Covering the cost of care that might be needed. STATEMENT

FINANCIAL PLANNING • A desire to not burden their family. • Knowing someone that is currently using long-term care services. OPTIONS TO PAY FOR LONG-TERM CARE The solutions for long-term care are very personal and vary based on the health, finances and preferences of clients. Different types of long-term care insurance include the following: Traditional long-term care insurance: This provides the greatest leverage and has some tax advantages. An age-based premium is eligible for qualified medical expenses with an MSA and HSA. Also, self-employed and greater than 2 percent of shareholders of partnerships and S-corporations are eligible for self-employed health insurance deduction IRC Sec 162(l), limited to the lesser of the paid premium or eligible long-term care insurance premium IRC Sec 213(d)(1)(D), 213(d)(10). Many states have tax deductions or credits. Maryland has a tax credit of $390 for those 40 or younger and $500 for those 41 and older. Individuals able to itemize medical expenses may include eligible long-term care insurance premiums in that calculation. Premiums can be raised on all “like” policies in a state, with approval of the insurance administration in the state where the policy was issued. • Medical underwriting: Medical underwriting is more stringent with traditional long-term care than the other options. Age, health, and family history are all considered. • Inflation riders: A myriad of inflation riders are available. It is definitely worth the analysis to see which one is the best value based on future benefit levels when a long term care need is anticipated. • Shared plan: A shared plan between two partners has slightly higher premiums than two individual plans, but if one person needs more care, accessing the well partner’s policy benefits would be better than liquidating assets. After all, the well partner may never require care. Some contracts MAY 2016

require a portion to remain in the policy for the well partner. When one spouse predeceases the other, the residual transfers to the surviving partner. • Partnership qualified long-term care policies: Some traditional long-term care policies are partnership qualified between Maryland and private insurance companies. They may provide additional asset protection of the amount of long term care benefits paid from spend down requirements under Maryland’s Medicaid program if assistance under this program is ever needed and clients qualify. Inflation rider requirements vary based on state. In Maryland, a 3- to 5-percent compound inflation rider is required for those ages 60 and younger and an automatic inflation rider for ages 61-75. No inflation rider is required for those 76 and older. Premiums are the same as non-partnership policies. This is a safety-net for clients. • C-corporations. These have a sweet spot in traditional long-term care insurance. The premium is treated as accident and health insurance via IRC Sec 7702B(a)(3), deductible by employer (subject to reasonable compensation), IRC Sec 162(a). Also, total long-term care insurance premium paid is excluded from the employee’s income via IRC Sec 106(a). • Ten pay: A ten-pay traditional long-term care insurance policy is advantageous because the client would have a paid-up policy after only 10 years. Therefore, it is not subject to any further rate increases or premiums in their golden years. Only one carrier currently offers ten-pay. Linked-benefit products: Linked-benefit products, such as life insurance with a long-term care rider or annuity with a long-term care rider, protect assets from an extended health care event while retaining flexibility. Return of premium is an option and the unused portion is returned to the estate. Premiums are guaranteed and can

be paid on an ongoing basis or limited-pay based on product offerings. A 1035 exchange is a tax-effective way to fund these products. With some joint plans, one spouse’s CSV or annuity can fund long-term care for both spouses. We have also used the 1035 exchange from an IRA of one spouse to fund both. Life insurance with an accelerated death benefit: Life insurance with an accelerated death benefit generally has a chronic illness definition that requires the need for long-term care to be permanent. This has a larger death benefit than the linked-benefit products, but less long term-care coverage than traditional and linked-benefit long term care. Home health care only policy: A home health care only policy has the least amount of medical underwriting, low premiums and lower benefits. It can provide value to clients who are uninsurable for the other solutions, or are older and have not planned for their future care yet. There are some benefits in this policy that can be accessed regardless of a long-term care need, such as prescription and annual physical indemnity benefits. There are many long-term care solutions available for your clients. What they choose is dependent on their personal health, finances and preferences. The amount of coverage will be based on cost of care in the area they expect to be when they need care, offset by the amount of risk they are willing to accept. The amount they pay for long-term care could impact their lifestyle and legacy objectives, so it is important to start the discussion today and explore all of the options available to them. Melissa Barnickel, CPA, CLTC, is principal of Baygroup Insurance LLC. She has more than 30 years of experience in insurance with a focus on long-term care planning as an independent broker. Her practice also includes life insurance, disability insurance, Medicare Supplements and individual health insurance.

2016

ACCOUNTING EDUCATORS

Shape the CPA profession by shaping future CPAs The Accounting Educators Conference is an annual event designed for the people who are shaping future CPAs. Itâ&#x20AC;&#x2122;s about giving you the knowledge you need to better help your students succeed. Attendees receive updates about accounting industry trends and the CPA exam, as well as an annual brief from the Maryland Board of Public Accountancy.

June 3rd CPE: 8 | 8:30 am | Columbia | Event ID: 121001 Simulcast Available

macpa.org/AccountingEd STRATEGIC LEARNING POWERED BY

BUSINESS & INDUSTRY FASB’s Private Company Council: At a turning point? B Y E D I TH O R EN STE IN

With the announced retirement of Financial Accounting Standards Board Member Daryl Buck set to take effect at the end of this year, private companies may sense they are losing a champion. Buck – with extensive experience in private company financial reporting prior to joining the FASB – served in a key role as the board’s liaison to its Private Company Council. Together with the receipt of a favorable report from the Financial Accounting Foundation on the PCC’s first three years of operations and related recommendations to improve its effectiveness, the PCC may be poised to take on an even larger advisory role in the wake of the transition on the FASB board of not one, but two new board members. MAY 2016

At press time, the FAF had not yet announced a replacement for Buck, whose term ends in December. However, the foundation recently announced the appointment of Christine Ann Bostoson to fill the board seat traditionally reserved for an academic; she will take that position at the conclusion of Tom Linsmeier’s term on June 30. BRIDGING THE GAAP The PCC’s founding by the FAF in 2012 followed years of calls for more attention to private company standardsetting. Following the 2011 report and recommendations of a Blue-Ribbon Panel co-founded by the FAF with the AICPA and NASBA, the FAF concluded it would continue to have the FASB issue accounting standards establishing U.S.

Generally Accepted Accounting Principles, but that “exceptions and modifications” would be permitted for private companies when those exceptions and modifications (ultimately deemed “alternatives”) would result in “financial statements that provide relevant, decision-useful information that meets the needs of users of private company financial statements in a costeffective manner.” However, the FAF parted ways with the Blue-Ribbon Panel by establishing the PCC as an advisory group to the FASB, rather than following the panel’s recommendation to form a standalone private company accounting standards board that would operate alongside the FASB, under the aegis of the FAF.

BUSINESS & INDUSTRY Those who supported a separate board believed it would provide the necessary expertise, focus and authority to accomplish the goal of developing relevant, cost-effective GAAP for private companies under the U.S. GAAP umbrella, the design of which was viewed as heavily skewed to the needs of users of public company financial reports − in particular, the Securities and Exchange Commission and equity analysts. Some, however, expressed concern about the U.S. moving to a “two-GAAP” system (aka “big GAAP / little GAAP”) for public vs. private companies. The BRP’s recommendation

to retain one set of GAAP with exceptions and modifications for private companies was aimed at this concern. Another significant concern turned on how the FASB would exercise its “ratification” of PCC alternatives and whether this effective veto power would undermine the PCC. This concern was based in part on perceived weaknesses in the working relationship and conceptual underpinning between the FASB and the PCC’s predecessor – the Private Company Financial Reporting Council (PCFRC). To address these concerns, the FAF formalized the PCC’s working relationship with the FASB, increasing the level of FASB staff support. In addition, the pivotal role of FASB board liaison to the PCC (currently held by Buck), was hard-wired into the model to help shepherd PCC recommendations through FASB’s agendasetting process. It also would minimize “surprises” such as unanswered questions or objections raised by board members that could have been raised earlier in the PCC’s research and deliberations process. A decision-making framework was also developed to guide the PCC and FASB in having a consistent and sound basis for determining private company alternatives. During its first three years, the PCC met frequently (with meetings open to the public and webcast) and initiated a number of improvements to financial reporting for private companies, some with a broader benefit of being adopted by FASB in standards applicable to both private and public companies. Final accounting standards updates issued by the FASB arising from PCC recommendations ranged from goodwill impairment to hedge accounting, variable interest entities, and identifiable intangible assets. At the same time, the FASB doubled down on efforts to simplify existing U.S. GAAP, assisted by the advice of the PCC and others. NOTE: Separately, the AICPA released its Financial Reporting Framework

for Small and Medium-Sized Entities (FRF for SMEs) in 2013. FRF for SMEs, a “non-GAAP” framework, is designed as a simplified, cost-effective framework for small businesses that are not required to provide GAAP financial statements. In concept, it is somewhat parallel to the International Accounting Standards Board’s simplified, standalone set of International Financial Reporting Standards for Small and Medium-Sized Entities (IFRS for SMEs), although IFRS for SMEs, issued by the IASB, is expressly “GAAP,” albeit subject to use only by non-public entities and entities that do not have other public fiduciary reporting types of responsibilities, such as banks. For further information comparing FRF for SMEs to tax basis accounting, U.S. GAAP and IFRS for SMEs, see Comparisons of the FRF for SMEs Reporting Framework to Other Bases of Accounting at MACPA.org/SMEs. CHANGES RECOMMENDED IN FAF’S THREE-YEAR REVIEW The PCC received a favorable threeyear review from the FAF in November 2015. In announcing the results of the review, FAF Chair Jeff Diermeier stated, “Most stakeholders expressed support for the PCC and agreed that it has been successful in addressing the needs of users of private company financial statements, while reducing costs and complexity for preparers.” Recognizing the success of the advisory group to date, the FAF decided to maintain the current composition of the PCC, (i.e., the chair, three users of private company financial reporting, three preparers, and three audit practitioners). The report acknowledged that some stakeholders raised similar concerns to those raised around the time of the PCC’s formation in 2012, as to whether an advisory council working with the FASB would be effective in meeting the needs of private companies, vs. forming a separate standard-setter under the FAF to address private company issues. The report noted: STATEMENT

BUSINESS & INDUSTRY Regardless of stakeholders’ opinions on the PCC’s responsiveness to the needs of private company financial statement users, almost all respondents stated that the FASB has been responsive to the needs of private companies. Specifically, respondents cited the FASB’s timely endorsement of PCC alternatives, willingness to listen to PCC input, and development of the simplification initiative as indicative of the FASB’s consideration of the needs of private companies. Therefore, the FAF not only concluded to continue the PCC as currently constructed, but to strengthen it through targeted enhancements. As described by Diermeier, these enhancements relate to, “increased transparency around the PCC’s views on active FASB agenda projects, and more robust communication of those views to the FASB and the public.” To enhance the PCC’s effectiveness, the FAF made recommendations in three broad areas: 1. Communication: Clearly articulate input provided by the PCC on FASB agenda projects and FASB’s consideration and disposition of that input; ensure (with FASB) that stakeholders are informed in a timely and transparent manner about PCC and FASB activities related to private companies; and expand outreach by forming project-specific working groups (which may include non-PCC members) at the discretion of the PCC chair. 2. Agenda-setting: Form a Technical Agenda Consultation Group, including two FASB board members, FASB’s technical director, and a subset of PCC members. The group would discuss whether it is more efficient and effective for the PCC or the FASB to take the lead on a potential project and add the project to its technical agenda. 3. Oversight: The FAF will follow

MAY 2016

through on the planned transition of oversight of the PCC from its Private Company Review Committee to its Standard-Setting Process Oversight Committee. INTERACTION WITH STATE SOCIETIES, AND THE ROAD AHEAD Of note in the FAF’s three-year review report is a recommendation that the PCC and FASB enhance their communications with private company constituencies, including state societies of CPAs. The Maryland Association of CPAs was heavily involved in gathering feedback from its members on matters relating to private company accounting standardsetting following issuance of the BlueRibbon Panel’s report and leading up to the FAF’s formation of the PCC. Recognizing the significant portion of the MACPA’s membership who work in financial reporting roles with (or who audit) private companies and the importance of private companies in fueling the economy, then-MACPA Chair (now AICPA Vice Chair) Kimberly Ellison-Taylor formed a task force which issued the MACPA’s recommendations, supporting the BlueRibbon Panel’s recommendation to form a separate private company accounting standards board under the FAF. THE VIEW OF THE NEW PCC CHAIR Besides the two major FASB board transitions taking place this year, the PCC has already effectively transitioned from being led by founding PCC Chair William Atkinson to Candace Wright. Wright, a CPA, CFF and director in Postlewaite and Nettervielle’s Accounting and Assurance Standards Group, took the helm of the PCC on Jan. 1 of this year, at the close of Atkinson’s term. Wright believes strongly in the ability of the PCC to make a difference for private companies and the users of their financial statements.

“When the FAF formed the PCC,” she notes, “it established a process designed to give the (PCC) adequate autonomy while providing the FASB with an endorsement mechanism for PCC decisions.” She believes the existing structure has been effective “because it allows the PCC to improve accounting standards for private companies while avoiding the creation of a ‘two GAAP’ system — a system that many of our stakeholders told us could result in confusion, increased costs, and reduced quality standards.” The PCC has not only made recommendations to simplify and improve existing GAAP, but has also provided input on the FASB’s projects in progress. Wright says the impact of this ongoing input may not always be apparent because “PCC alternatives” are not necessarily announced. However, the PCC’s ongoing input “ensures that private company issues are addressed before a standard is finalized,” including how relevant information in a potential standard would be to users of private company financial statements. Asked to describe the interaction between the FASB and the PCC, Wright says, “I think the strong working relationship between the PCC and the FASB is evident in how much we’ve been able to achieve in three years.” She lauded the qualifications of the PCC’s diverse membership and emphasized that the collaborative effort between the PCC and FASB has benefited public and private companies. Wright describes the PCC’s recommendations as a major “springboard” for the FASB’s broader goal of reducing complexity for all organizations − part of its simplification initiative. What does Wright think of the Financial Accounting Foundation’s recommendations contained in its three-year review report of the PCC? “I believe the updated PCC procedures will help us be more effective in how we advise the FASB on its active projects by documenting and clearly communicating

The Many Faces of CCH Solutions are Inspired by One Common Goal — Success The CEO and Principal of New Vision CPA Group, Jody Padar, took her firm into the cloud nine years ago, when many accountants still eyed cloud solutions with skepticism. In 2013, the firm switched to Wolters Kluwer to fulfill its goal of adopting a cloud-based tax and accounting suite with open standards.

‘Things that had taken me an hour took two minutes in the cloud. That fundamentally changed the way I would run my firm. Fast forward nine years, and we’re a cloud-driven firm, working in real time with clients all over the world.’ — Jody L. Padar, CPA, MST, CEO & Principal, New Vision CPA Group

Visit CCHGroup.com/OneGoal and be inspired today!

STATEMENT

BUSINESS & INDUSTRY our input on those projects,” she said. “We will strive to communicate our views to private company stakeholders, and to ensure they are kept informed in a timely and transparent manner.”

board) in 2011. The MACPA agreed with the recommendation of the Blue Ribbon Panel (see Part 1 in this series) that the FAF form a standalone private company standard-setting board.

Wright believes the new Technical Agenda Consultation Group “will help define a clear objective at the start of a project to help the PCC be as efficient as possible in our work.”

Liz Gantnier, CPA, CGMA, president and director of quality control at Stegman and Company, was one of the original members of the MACPA’s Accounting Standards Task Force. We asked Gantnier to reflect on the PCC’s accomplishments to date.

Some of the PCC’s key accomplishments in its first three years include issuance of PCC alternatives by the FASB in Accounting Standards Updates that simplify goodwill impairment (ASU 2014-02), simplified hedge accounting for certain swaps (ASU 2014-03), and guidance on applying variable interest entity guidance to common control leasing arrangements (ASU 2014-07). We asked Wright what she anticipates to be other key issues on the PCC’s horizon. “Although I expect that the PCC’s advisory role on the FASB’s active projects will consume more of our time, the PCC will always be monitoring existing areas where revisions may make sense for private companies,” she said. “In the near term, the PCC’s focus will be on the application of variable interest entity guidance to private companies under common control.” Wright said the focus this year will go beyond what was already covered under ASU 2014-07. “The PCC recently added a project to its agenda on this and asked the FASB staff to work with private company stakeholders to develop examples to help clarify application of VIE guidance to such situations,” she said. MACPA MEMBER’S VIEW: A TURNING POINT? Beginning with a 2010 recommendation by then-MACPA Chair (now AICPA Vice Chair) Kimberly Ellison-Taylor, the MACPA formed a special Accounting Standards Task Force, which deliberated on and issued its report (endorsed by the MACPA MAY 2016

“I believe that the PCC members, along with the FASB, have tackled many of the initial accounting issues that dogged the private company community,” said Gantnier. “By retaining the FASB’s involvement, the PCC alternatives are perceived by stakeholders as a natural extension of GAAP and not perceived to be of inferior quality.” Indeed, the very success of the PCC may be an indicator that use of private company alternatives has reached a turning point, or perhaps even a tipping point. Asked if she had a wish list of issues for FASB’s PCC to address, Gantnier said, “I would like to see a standard from the FASB or the U.S. Securities and Exchange Commission that provides a more practical method of how to ‘un-ring’ the PCCalternative bell.”

“Having said that,” she added, “nobody thinks flip-flopping is acceptable. The problem is that the only method of undoing the election is to start back at the day it was elected, which in 15 years might be a herculean effort. What we need is something today that provides assurance that the company won’t seriously regret this decision in ten years, and worse, won’t make a business decision because of a potentially costly accounting maneuver. A practical expedient of any sort, such as limiting the length of time that the company would need to retroactively re-evaluate their accounting, could help solve this issue.” Will the SEC (as part of its capital formation initiatives) or the FASB (as the designated GAAP standard-setter) take on this issue of taking a new look at transition requirements for private companies that go public or are acquired by public companies? This will be among the issues to watch as the PCC continues to move forward following its three-year review, and through key leadership transitions. Edith Orenstein is a contributor to The Statement.

Under the current construct of the alternative GAAP treatments permitted by the FASB following on the PCC’s recommendations, Gantnier noted, “If a company were to decide that it needed to change back (for example, if it had been purchased by a public company), the only method to un-do the accounting is to go back to day one of the PCC GAAP election and start over. ... This could be impossible over time, costly, and a possible hindrance to the election of PCC alternatives for some. “Preferability is not as easy as it sounds,” Gantnier added. “Thankfully, the PCC dropped the position that to go to a PCC alternative needed a preferability letter.

PRACTICE MANAGEMENT ‘O Say, Can You See?’

National practice management conference coming to Baltimore in June BY J E A N I E P RICE

“Clearly, those involved in the accounting profession would have to agree that the most difficult job in a CPA firm is that of the firm administrator,” said Rich Stang, managing partner at DeLeon & Stang, CPAs and Advisors in Gaithersburg, Md. Depending on the size of the firm, the firm administrator may handle human resources (new employee orientation, payroll, benefits, staff evaluations, etc.), network technology, billing, firm finances, accounts payable and receivables, recruiting, marketing, CPE, equipment and facility management, record retention … oh, and don’t forget employee morale! “I know our Director of Administration’s (and firm partner’s) membership in the CPA Firm Management Association (formerly the Association for Accounting Administration, or AAA) has contributed greatly to the 25 years of success she has had with our firm and helped our firm to continue to grow,” Stang said. The CPAFMA is the only organization for professionals who manage the administration of CPA firms. It is a member organization with nearly 1,000 CPA firms and 21 regional chapters. Chapter members meet regularly to hear speakers on topics that are important to the success of CPA firms. The CPAFMA National Practice Management Conference is held each year, and this year’s event is being held in

our own back yard at the Hyatt Regency Baltimore Inner Harbor from June 27-30. The theme for this year’s conference is “O Say, Can You See?” The event includes sessions that range from the beginning to the advanced levels. From the high-level practice management sessions to the smaller breakout sessions geared to specific problem-solving and informal gatherings designed to facilitate networking and information exchange, the conference has sessions for accounting firm managers with one year of experience to chief operating officers and managing partners with more than 30 years of experience. The program is designed to enhance the skills of even the most experienced firm manager through a wide variety of top-notch and timely sessions led by professionals and experts from around the country. Don’t miss some of the top accounting firm consultants and experts, including MACPA CEO Tom Hood, Sam Allred, and Rita Keller, to name a few. Join us at the 2016 CPAFMA National Practice Management Conference and learn how to define a clear path for the future by providing you the latest learning, tools and technological information to keep you on the cutting edge. The CPAFMA is committed to: • Expertise and learning: Developing and honing our unique expertise in

firm practice management conducting research and providing members with access to expert thinking, education, guidance and resources in CPA firm strategic planning, operations, finance, technology and human resources. • Professionalism: Attracting members who manage their firms with the utmost professionalism and adhere to a set of guiding principles when executing their roles. • Lasting relationships and collaboration: Providing our members with meaningful collaboration and networking opportunities and encouraging them to develop deep and long-lasting relationships. These relationships allow members to truly collaborate by identifying areas of similarity, sharing best practices, supporting and encouraging each other to learn and grow. The association is the one representative voice of professionals managing accounting firms. Check out the association’s Web site at www.cpafma.org. If you’d like to learn more about the association or the conference, contact me at Jeanie@deleonandstang.com or (301) 948-9825. Jeanie Price is a partner and director of administration for DeLeon & Stang, CPAs and Advisors. STATEMENT

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Whether A Decision Maker Looking To Upgrade Your Talent, Or A CPA Looking to Upgrade Yourself/Your Skills, Ask Yourself: Who really chose who in joining your company? Are you/your professional staff really at the right level where you should be/you need them to be? Are you/your staff in a position that truly suits your/their personality, values, and professional and personal needs?

Why leave your future to chance? If you’re seriously interested in making the “right” move for your next hire, I can help you. I am an actively licensed CPA in Maryland and Virginia with over 20 years of experience including public accounting (E&Y) and consulting (KPMG), financial accounting (American Cancer Society), internal audit (Moneyline Telerate), and recruiting (Acsys, formerly Don Richards). As a networker who truly enjoys helping others and sharing my career experiences to guide fellow professionals, here is how I can help you: Decision Makers:  Ask you questions, and most likely ask many more questions than other recruiters about your company, duties involved, skills required, corporate culture and more  Work with you on finding the “right” professional that is the “right fit”  Provide you with valuable information about the professionals I work with, the marketplace, what your competitors pay, and more Career Seekers:  Guide you on career paths available in public accounting and industry  Enable you to capitalize on your strengths  Coach you on how to put your best foot forward to find the “right fit”  Advise you when to stay in your current position if that is the right move If you’re interested in working with a recruiter who understands your background, skills, and is genuinely interested in helping you find the “right fit”, then I welcome meeting you!

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HIGH-TECH SOLUTIONS Use a layered cybersecurity approach to protect crown jewels B Y K E N TY S I A C Editor’s note: This article first appeared in CGMA Magazine. For more articles, sign up for the weekly e-mail update from CGMA Magazine at http://bit.ly/UZ07NC.

When discussing cybersecurity, Sajay Rai, CPA, likes to compare an organization’s network and systems to a castle. The moat surrounding the castle is analogous to the network’s outer defenses. But additional defenses exist, too – a gate, sentries and locks. And the crown jewels, locked away in a safe place, are protected more than anything else in the castle.

internal auditors can help manage those risks. The report, “Navigating Technology’s Top 10 Risks,” was issued by The Institute of Internal Auditors Research Foundation. Rai suggested that the health of any organization’s security program is only as strong as its weakest link. He said internal audit can use the top 10 risks to identify weak links and work on correcting them. According to Rai, internal audit can help an organization manage technology risks by doing the following: Addressing the risk of excessive access. Rai said internal auditors need to look beyond compliance exercises with respect to technology and seek ways to mitigate risks associated with access, particularly

Rai said the additional layers of defense also should exist in an organization’s systems, with the most sensitive information protected by the most layers. According to Rai, organizations that for many years invested security resources primarily into their outer network perimeter now have learned that it’s important to beef up other layers of defense, too. “Just protecting the outer gate of the castle, so to speak, is not enough,” Rai said. “You need a layered defense. Although a network perimeter is definitely that first layer of defense, it should not be the only one.” If the system’s outer defense is breached, additional controls can protect the most sensitive information. These controls can include access restrictions, encryption, intrusion detection systems, and other preventive and detective techniques. Rai, founder and CEO of IT consulting organization Securely Yours LLC, co-authored a report that identifies the 10 top technology risks and explains how

focus on the benefits of technologies—for example, the internet of things, which may reduce car crashes by allowing vehicles to communicate with one another. The risks in this example may be that hackers may be able to take over systems of vehicles in motion and create havoc. “Internal audit’s role is to make sure the organization understands not just the enablers and the positives, but also the risks, and help mitigate those risks,” Rai said. Scanning for weaknesses and preparing a response. Rai recommended that organizations perform quarterly vulnerability scans of their networks and conduct penetration tests of critical systems and sensitive environments at least annually. Internal audit can participate in these tests and monitor simulation exercises to prepare organizations to respond if a breach does occur. Rai said internal audit at most organizations does not possess the technical expertise to perform in all areas as skillfully as they should. He recommended that they get outside help where it’s necessary, as internal audit’s role evolves along with the technology organisations are using.

to sensitive information. Rather than just periodically reviewing access practices to remain in compliance with standards, Rai said internal auditors need to focus on critical systems and monitor who has access to those systems. He said tools are available now that can alert internal audit when users are accessing information that’s supposed to be off-limits to them. “Instead of a passive exercise, it can be an active exercise,” he said.

“With all the recent news we’re seeing about data breaches and other activities in the media, internal audit has a key role to play,” Rai said. “That role comes in terms of understanding where the risks are and helping mitigate those risks.” Ken Tysiac is a CGMA Magazine editorial director. He can be reached at ktysiac@aicpa.org. Copyright © 2011-15 American Institute of CPAs. Copyright © 2011-15 Chartered Institute of Management Accountants. All rights reserved.

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TAX CORNER Sales tax changes: What to expect in 2016 BY GAIL COLE Like every year, 2016 will bring many sales tax changes. Rates will decrease or increase, there’ll be new product taxability rules, exemptions will expire or take effect, and there will be reporting changes.

For example, on June 30, 2015, Gov. Jay Inslee of Washington signed legislation reforming the regulation and taxation of the marijuana market. It took effect the following day.

The only thing certain when it comes to sales tax is that change happens — and it often happens without much warning.

Product taxability coming in 2016 include the following:

Each new tax year is a time to reflect on the past — what went well and what you wish you’d done differently. It’s a time for resolutions. This new year, have no regrets when it comes to sales tax. Resolve to streamline your sales tax compliance. You’ll find that it’s easier than losing weight. Resolution: Streamline sales tax compliance. Rates. Nearly a dozen states — including Illinois, Maine and Minnesota — have announced local sales tax rate changes for 2016. In addition, there is talk of increasing the state sales tax rate in both Oklahoma and Florida. State departments of revenue often — but don’t always — announce rate changes in time for businesses to account for them. However, in tricky home-rule states like Colorado and Louisiana, local governments may not notify state revenue departments of such changes in a timely manner, or at all. Resolution: Be sure you have a reliable system in place to manage sales tax rate changes. Product taxability. Businesses also need to account for changes in product taxability. Sales tax can be expanded to services or slapped onto previously exempt tangible personal property. States generally announce changes in time for sellers to account for them, but unfortunately, that’s not always the case. MAY 2016

• Martial arts classes and many other physical fitness services will become subject to sales tax in Washington state. • North Carolina will extend sales tax to installation, maintenance and repair services. • Retail sales of prepaid wireless communications access will become subject to retail sales tax in Wyoming. • The list of foods considered to be prepared food (and taxable) will be expanded in Homer, Alaska.

qualifying data centers. • Senior sales tax exemptions will be scaled back in Juneau, Alaska. Resolution: Have a fail-safe solution to managing sales tax exemptions and exemption and reseller certificates. Reporting. Last to be considered here (but certainly not the last issue sellers will confront) are changes in the way sales tax is reported. Some of the changes planned for 2016 include: • New reporting requirements for exempt entities in Alabama (this is a big deal). • New reporting requirements for sales of consumable vapor products in Alabama. • Colorado will stop mailing sales and use tax forms to businesses. Resolution: Get reporting and filing right.

Resolution: Successfully process changes in product taxability and do it quickly. Exemptions. Changing sales tax exemptions are also a bear, whether at the state or local level. While many (like the exemption for gun safety devices recently approved by the Michigan Senate) make headlines, many others slip into law virtually unnoticed.

Be ready. Sales tax changes are coming in 2016. There will be new rates, product taxability rules, exemptions and filing requirements, and the onus is on you — the seller — to comply with those changes. Failure to do so can lead to negative audit findings, penalties, interest, and a whole lot of hassle. So what’s your plan?

Some exemption changes under consideration or set to take effect in 2016 include the following: • California’s partial tax exemptions will decrease. • Florida’s exemption for college textbooks is set to expire but its manufacturing exemption may be extended. • Iowa’s machinery and equipment sales tax exemption may be expanded. • North Carolina will provide a sales tax exemption for electricity used in

Resolution: Make sales tax less taxing with automation. Automate. With a detailed process in place, an auditor is more likely to give your company a clean bill of health. More and more businesses are turning to sales tax automation to help them manage these processes. Gail is a sales tax expert with Avalara. She has a penchant for digging through the depths of DOR sites and discovering and reporting rate changes across the country.

GUIDING THE DIRECTION OF YOUR VISION & STRATEGY

Future Ready WORKSHOP As CPAs face the “shift change” in accounting, they must know what they want from their business. Future Ready Workshops give appropriate time, space, and permission to CPAs to critically assess their business and the future they want to create by identifying future hard trends to leverage opportunities and minimize risk. The workshop concludes with identifying the steps and resources to accomplish it.

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Event 191020 WhetherID: we are ready for it or not, the future of business is here. It’s a future in which organizations Whether we are ready for it or not, the future of must learn how to move faster, flatten their business is here. It’s a future in which organizations hierarchies, share more openly, and operate more must learn how to move faster, flatten their digitally. And although many of these changes are hierarchies, share more openly, and operate more a direct result of the Millennial generation shaking digitally. And although many of these changes are up today’s workplaces, it’s much bigger than that. a direct result of the Millennial generation shaking This new era goes beyond generations–and requires up today’s workplaces, it’s much bigger than that. leaders from every generation to learn new ways of This new era goes beyond generations–and requires working, leading, and managing. leaders from every generation to learn new ways of working, leading, and managing.

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What is NYPN? Young professionals are faced with unique challenges – passing the exam, navigating career paths, and finding a place in the profession. That’s why in 2003, the MACPA created its first young professionals network. Since its inception, the New / Young Professionals Network (NYPN) has been engaging young CPAs in Maryland with opportunities for professional development, networking, and volunteerism. Learn more at macpa.org/NYPN.

NYPN LEADERSHIP CHAIR: Stephen Hohne, CPA, USALCO VICE CHAIR / CHAIR-ELECT: Kuo Lee, CPA, CrossCountry Consulting PAST CHAIR: Debra Hale, CPA, Weil, Akman, Baylin & Coleman, P.A.

COMMITTEE MEMBERS: Jennie Hammett, CPA, Gorfine, Schiller & Gardyn Barrett Young, CPA, The Green Abacus Kathryn Koza, CPA, Grant Thornton, LLP Harry Sturgis, CPA, Weyrich, Cronin & Sorra Chtd.

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MEMBER SERVICES WELCOME, NEW AND REINSTATED CPA CANDIDATE MEMBERS! ANNE ARUNDEL CHAPTER JOSEPH P. BAHEN, MBA KENNETH L. KOTWAS ELIZABETH SIMMONS RENEE D. SPEER DONALD E. SPENCER JR CAPITAL AREA CHAPTER JEFFERY HUANG WILLIAM M. ROCHELLE JR. MANISHA SHINGHARI JESSICA THARPE

CENTRAL MARYLAND CHAPTER STARR BRADY MARY C. CAWLEY COLLEEN DOWD LOUIS M. FLORENZO RAM R. GILAD JESSICA GRAY ALENA HENRY SCHLONDA L. JOHNSON, MBA JULIA JOO

PANIDA KONGPETCH VALERIE PARKS ANDREW PINSKY STEPHEN J. SCHILLINBERG SAED SHABBIR JIEQING SHUAI PAVEL SPIRIN TIMOTHY J. SUGRUE ADAM SWANSON CYNTHIA WADALAVAGE RYAN L. WEY HANG YIN

OUT OF STATE KOLADE ALLIAFOKE WENISHA JONES MUNKULI KATAMPI JEANNIE MCCLOSKEY MUSTAFA I. MUSTAFA JANET NGUYEN MARC-ANTON W. PRUEFER

WELCOME, NEW AND REINSTATED MACPA MEMBERS! ANNE ARUNDEL CHAPTER STEVEN J. BANKS, CPA THERESA I. BRADLEY, CPA JOE HERNANDO, CPA JESSICA A. JOHNSON, CPA EDWARD F. KIDNER, CPA, J.D. JAMES URICH, CPA JULIE M. WIRTH, CPA BRANDON D. WOLF, CPA CAPITAL AREA CHAPTER ADIL A. BALOCH, CPA LAUREN D. BIERLY, CPA JAMES BOWMAN, CPA H EDWARD BURKS, CPA CHARLES T. BYRNE, CPA EUGENE H. CANTOR, CPA GABRIELLE R. CHAPMAN, CPA KATHERINE M. COESTER, CPA ANNA DOUGLAS, CPA BOBBY EPSTEIN, CPA LORNA S. GRANT-CHARLES, CPA MICHAEL J. HOWARD, CPA DEBRA A. JETT, CPA YVONNE D. KANKAMBOADU, CPA, MA ISHMAIL KARGBO MR., CPA KENNETH M. MAGNANI, CPA PETER J. MCKENNA, CPA CHRISTIAN C. NGOUEN, CPA

DONALD D. OLINGER, CPA SAMREEN SADIQ, CPA JONTUE T. SUMLER, CPA, MS EUGENIA TSIRIGOTIS, CPA MICHAEL J. ZABLOCKI JR, CPA CENTRAL MARYLAND CHAPTER STUART ABSOLOM, CPA CAROLYN ANDERSON, CPA KELLI E. ARBAUGH, CPA KATHLEEN R. BENJAMIN, CPA BRADLEY J. BROMMER, CPA JEREMY M. CAROGLANIAN, CPA ROBERT W. CARTER, CPA, CVA, CFE THERESA CERNY, CPA TIYANJANA CHITEKWE, CPA MARCELA S. CIAPPI, CPA LORI A. DEFNET, CPA HENRY D. DELLUOMO, CPA JAMILEH DYER, CPA GEORGE V. EIDMAN IV, CPA NEVILLE K. ELAVIA, CPA AVROHOM FRIEDMAN, CPA ROBERT J. GAVIN, CPA KRISTY M. GOLD, CPA AMANDA GRIFFITH, CPA ELIYAHU HAKAKIAN, CPA, MBA

KATHRYN L. HEWITT, CPA, CCM,CPFO,MBA JEFFREY JACOBSON, CPA, ESQ B A. JAKUBOWSKI, CPA RICHARD J. KUCZAK, CPA CHARLES W. MELKO III, CPA THOMAS K. MOSELEY, CPA BRIAN M. NAGLE, CPA TALITHA C. NEWSOME, CPA BETSY OTRANTO, CPA SHANNON M. PIERCE, CPA DAVID W. POLLOCK, CPA SCOTT POLYOKA, CPA KYLE D. PURCELL, CPA TIMOTHY J. PURCELL, CPA HEATHER L. QUINN, CPA KRISTEN A. REILLY, CPA JANICE A. SCHWARTZ, CPA VIDHI SHAH, CPA KUDIRAT O. SULE-OKUWA, CPA MARTIN R. SZCZEPANIK, CPA DAVID J. WEINBERGER, CPA ADRIENNE T. WHITE, CPA ANDREW W. WILSON, CPA CAI WU, CPA EASTERN SHORE CHAPTER CHRISTINA R. BURKE, CPA KEVIN W. DORMAN, CPA

PATRICIA M. HARVEY, CPA MICHAEL A. SCHULDT, CPA ANDREW T. WALSWORTH, CPA MID-MARYLAND CHAPTER CHONTELLE M. GRAY, CPA TIMOTHY L. MILLER, CPA SOUTHERN MARYLAND CHAPTER DEBORAH B. MUMMAUGH, CPA WESTERN MARYLAND CHAPTER CAROLYN E. ANDREWS, CPA OUT OF STATE JONATHAN R. BARTON, CPA WILLIAM C. COPENHAVER, CPA, MBA HEATHER L. FRICKE, CPA NINOSHKA L. JUSTAMANTE, CPA LAWRENCE D. MOORE, CPA, MBA, CFP MICHAEL J. MUSSOG, CPA LEIGH SUNG, CPA AMY VETTER, CPA ONEIL A. WILLIS JR, CPA

STATEMENT

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MAY 2016

MEMBER NOTES Wayne Baldwin, CPA, has been promoted to partner with MKS&H.

Clint Lehman, CPA, CMA, CFM, has been named a principal with DeLeon & Stang, CPAs and Advisors.

Stegman & Company is proud to announce that Ashley Barrett and Andrew Hutton have both earned their Certified Public Accountant designation.

John R. Pace, CPA, CVA, has been named a partner with Gelman, Rosenberg & Freedman.

Erica Beaumont, CPA, has been promoted to tax manager with Arthur Bell CPAs.

Timothy E. Peters, CPA, CGMA, a member with Smith Elliott Kearns & Company, LLC, has been appointed to the Accounting and Auditing Committee of Allinial Global, a membership association comprised of 97 legally independent accounting and consulting firms in North America and throughout the world who share resources such as education, client service, best practices, marketing, and various ranges of expertise.

Diane Brewer, CPA, senior manager with HeimLantz CPAs and Advisors, attended the 50th annual Heckerling Institute on Estate Planning from Jan. 11-15 at the University of Miami School of Law in Orlando. Michelle Chopper, CPA, has been promoted to director with Arthur Bell CPAs.

Nicole Clabaugh, a CPA Candidate member of the MACPA, has been promoted to family office manager within the family office services group at Arthur Bell CPAs. Walter Derengowski, CPA, CFE, has been named a partner with Gelman, Rosenberg & Freedman.

Cheryl M. Dodson, CPA, has joined Albright Crumbacker Moul & Itell LLC, CPAs, as an audit supervisor. Brett Friedman, a certified financial planner with DeLeon & Stang CPAs and a CPA Candidate member of the MACPA, has been elected to the Gaithersburg-Germantown Chamber of Commerce Board. Friedman also serves as chair of the GGCC Young Professionals Group. Jason Friedman, CPA, has been promoted to tax manager in the tax department at Arthur Bell CPAs. Allison Hartlove, CPA, has been promoted to family office manager with Arthur Bell CPAs.

J. Patrick Pryce and Matthew Stromberg, CPA Candidate members with the MACPA, have joined the tax department at Stegman & Company. Kellie J. Reese, CPA, MBA, an auditor for employee benefit plans and manufacturing clients at Smith Elliott Kearns & Company, has been promoted from senior associate to supervisor at the firm. Matthew Stromberg has joined the tax department at Stegman & Company. Trevor W. Williams, CPA, has been named a partner with Gelman, Rosenberg & Freedman.

Kimberly J. Wines, SHRM-SCP, SPHR, AAAPM, firm administrator with Smith Elliott Kearns & Company, LLC, has been reappointed to the Human Resources Committee of Allinial Global, a membership association comprised of 97 legally independent accounting and consulting firms in North America and throughout the world who share resources such as education, client service, best practices, marketing, and various ranges of expertise. Susanne Wolfe, CPA, has been promoted to tax manager with Arthur Bell CPAs.

Keith Laudenberger, CPA, has been named partner with Councilor, Buchanan & Mitchell, PC.

STATEMENT

FIRM NOTES Arthur Bell has merged the tax practice of Mobility Financial Services Group LLC into its operations. This expansion follows the formation of Arthur Bell Limited based in Ireland and the opening of an Arthur Bell office in midtown Manhattan last year. The affiliation of Arthur Bell and Mobility Financial will strengthen Arthur Bell’s presence in the Washington, D.C., metropolitan area while expanding the firm’s client base in the areas of tax planning, tax compliance, and family office services.

Miller, Miller & Canby is celebrating 70 years of serving the legal needs of metropolitan Washington, D.C. As the oldest law firm in Montgomery County, the firm recognizes that the milestone reflects the relationships built and maintained with its clients, friends and the business community, many spanning multiple generations. In celebrating the firm’s anniversary, the firm’s attorneys and staff will celebrate with a number of community events.

Cardoni Waddell, LLC, has announced its merger with Dembo Jones in a joint effort to expand and increase the firms’ levels of service and expertise. As of Jan. 1, the combined firm will operate under the Dembo Jones name.

The directors and employees of Stegman & Company, the oldest Maryland-based CPA firm, will join Dixon Hughes Goodman LLP, a top 20 public accounting and advisory firm, on June 1.

Councilor, Buchanan & Mitchell, PC, is proud to announce its 95th anniversary. The firm was founded in 1921 by James Councilor Sr., who left his position as head of the Consolidated Returns Division of the U.S. Bureau of Internal Revenue (known today as the Internal Revenue Service) to form an accounting firm that would assist companies and individuals with the new income tax process the government had recently established. Over the years, new partners joined the firm and the name has changed several times, eventually evolving to its current name -- Councilor, Buchanan & Mitchell, PC -- in 1961. Today, CBM boasts seven partners, 56 professional and administrative staff members, and two convenient locations in Bethesda and Washington, D.C. DeLeon & Stang Certified Public Accountants and Advisors has been named a top accounting firm by the Washington Business Journal. “The List” is a WBJ ranking of accounting firms produced from input provided by metro-area professionals.

IN MEMORIAM Scott Anderson, CPA, who managed the tax department at Arthur Bell CPAs and was a member of the firm’s Executive Committee, has died. He was 52. He was an MACPA member since 1994 and was an active member of the MACPA’s Political Action Committee. Jacob Radin, CPA, an MACPA member since 1955, a life member of the association, and an avid violinist who served on the board of the Shriver Hall Concert Series for several decades, died on Jan. 31 at the Springwell Senior Living community in Mount Washington. He was just 17 days shy of his 100th birthday.

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call

410.539.7100, or File No. 63-87.

SANTOS POSTAL & COMPANY, PC, a nationally recognized CPA firm located in Rockville, MD, is enhancing its organic growth through the acquisition or merger of existing practice or accounts in the Washington metropolitan area. Reply in confidence to File No. 28-91.

office space PROFESSIONAL OFFICE SPACE IN HEART OF TOWSON AVAILABLE FOR SUBLET. Use of conference room, waiting area, internet, copier. Contact ken@kenpragercpa.com.

THINKING OF SELLING YOUR PRACTICE? Accounting Practice Sales is the leading marketer of tax and accounting practices in North America. We have a large pool of buyers, both individuals and firms, looking for practices to purchase. We also have the experience to help you find the right fit for your firm, negotiate the best price and terms and get the

job openings TUTORING AVAILABLE for the CPA exam. James C. Borra, 301-365- 7525.

deal done. We welcome the opportunity to talk to you about our risk-free and confidential services.

For more information

please call Bradley Holmes with the APS Holmes Group at 1-800-397-0249 or email Bradley@apsleader.com.

SUBURBAN MD CPA PRACTICE

Retirement

minded CPA (former Deloitte) with practice grossing $200K

GIVE YOUR COMPANY VALUABLE EXPOSURE TO NEARLY 10,000 MACPA MEMBERS BY ADVERTISING YOUR CLASSIFIED AD IN THE STATEMENT.

looking to associate with seasoned CPA having at least 10 years client contact and experience. Association will lead to favorable acquisition time frame and terms. Unqualified Peer Review in 2014. Professional practice with significant consulting revenue and NO payroll or bookkeeping.

Very profitable.

DIRECT

INQUIRIES IN STRICT CONFIDENCE TO: AmyM@macpa.org.

How to Submit a Classified Ad

To submit a classified ad, please visit macpa. org/submitclassifieds, or contact Amy Moran at 443.632.2319, or by email amym@macpa.org.

NO BROKERS.

RETIRE/SEMI-RETIRE NOW!

CONFIDENTIAL ADS: Towson CPA-looking

to grow my quality client base by acquiring some or all of your accounts ASAP so you can retire now or semi-retire & work slowly towards retirement. Call me now so we can start discussions. Nick: 443-765-2775.

CPA INTERESTED IN ACQUIRING PRACTICE OR ACCOUNTS IN HOWARD/BALTIMORE COUNTY AREA

Replies to confidential ads should be addressed to the file number in care of: Amy Moran MACPA 901 Dulaney Valley Road, Suite 800 Towson, MD 21204 Properly addressed replies will be forwarded to the advertiser unopened. Replies that are not properly addressed will be opened only to determine contents and then forwarded to the advertiser.

Reply in strictest confidence to AmyM@macpa.org (File 2-25).

STATEMENT

INTRODUCING

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THE ANTHONY CORRAO TEAM OF LONG AND FOSTER REAL ESTATE

EXCLUSIVE OFFER the MACPA has partnered with the Anthony Corrao Team to provide exclusive member benefts. For each home sold or purchased by an MACPA member working with a REALTOR® on the Anthony Corrao Team, we will: • •

Rebate $800 to the MACPA Member Donate $200 to the MACPA Educational Foundation, Inc. Charitable

For a total of $1,000

*The MACPA Educational Foundation, Inc. is a 501c(3) charitable organization, tax ID number 52-1787902; All charitable donations are made in the name of The Anthony Corrao Team of Long and Foster Real Estate, Inc.

Additional rebates provided by our partners

CONTACT LAURA ROSEN to receive a complimentary Competitive Market Analysis on your home.

LauraRosen@LNF.com Direct 443.865.5356 Baltimore 410.583.5700 Columbia 410.715.2026

ANTHONYCORRAO.LNF.COM FACEBOOK.COM/ THEANTHONYCORRAOTEAM YOUTUBE.COM/ THEANTHONYCORRAOTEAM

TWITTER.COM/THECORRAOTEAM

LET US HELP YOU WITH ALL YOUR REAL ESTATE NEEDS!

Upcoming IN-PERSON Events & Courses

DATE

COURSE TITLE

CPE

TIME

MEMBER

EVENT ID

LOCATION

NON-MEM

WEBCAST Events & Courses: page 50 CPE

TIME

MEMBER NON-MEM.

EVENT ID

LOCATION

ACCOUNTING & AUDITING (IN-PERSON) 5/16/16

5/17/16

5/20/16

5/23/16

6/1/16

6/2/16

6/7/16

6/8/16

6/14/16

6/15/16

6/16/16

6/21/16

6/27/16

7/6/16

2016 EMPLOYEE BENEFIT PLAN CONFERENCE

8 a - 4:30 p

AICPA’s Annual Update: Top Governmental and Not-for Profit Accounting and Auditing Issues Facing CPAs

8 a - 3:30 p

Spring Town Hall 2016

8:30 a - 12 p

Audits of 401(k) Plans

8 a - 3:30 p

Not-for-Profit Accounting & Reporting: From Start to Finish

8 a - 3:30 p

Auditing Employee Benefit Plans

8 a - 3:30 p

Not-for-Profit Accounting and Auditing Update

8 a - 3:30 p

Identity Theft: Preventing, Detecting, and Investigating Identity Theft

8 a - 3:30 p

Yellow Book: Government Auditing Standards

8 a - 3:30 p

Accounting and Auditing Current Developments

8 a - 3:30 p

Accounting and Reporting for Not-for-Profit Organizations

8 a - 3:30 p

Advanced Auditing for Defined Contribution Retirement Plans

8 a - 3:30 p

Spring Town Hall 2016 and Annual Meeting

8:30 a - 12 p

AACC: Accounting & Auditing Update

1p-5p

Annual Update for Governments and Not-for-Profits

7:30 a - 11 a

BEACH RETEREAT: Annual Update of Essential Treasury and Risk Management Information for Controllers and CFO’s

12 p - 3:30 p

BEACH RETREAT: Accounting and Auditing Update

7:30 a - 11 a

BEACH RETREAT: Fraud and Cash Receipts: Common Frauds and Internal Controls

12 p - 3:30 p

$300 $400 $295 $395 $0 $250 $295 $395 $295 $395 $295 $395 $295 $395 $295 $395 $295 $395 $220 $320 $295 $395 $1475 $1575 $0 $250 $40 $50 $150 $200 $150 $200 $150 $200 $150 $200

121012

111274A

140115

Sheraton Columbia Hotel, Columbia Johns Hopkins University Montgomery County Campus, Rockville Mount Continuing Studies Center, Frederick

111275A

Johns Hopkins University Montgomery County Campus, Rockville

111300A

The Loyola Graduate Center, Timonium

111301A

MACPA Columbia Center, Columbia

111276A

MACPA Columbia Center, Columbia

111302A

MACPA Columbia Center, Columbia

111303A

Johns Hopkins University Montgomery County Campus, Rockville

110046

Mount Continuing Studies Center, Frederick

111304A

The Loyola Graduate Center, Timonium

211305A

MACPA Columbia Center, Columbia

140116

Sheppard Pratt Health Sys - Conf. Ctr (Conference Center), Towson

140611

J. King’s (formerly Kaufmann’s), Gambrills

1BR000

Clarion Resort Fontainebleau Hotel, Ocean City

1BR007

Clarion Resort Fontainebleau Hotel, Ocean City

1BR004

Clarion Resort Fontainebleau Hotel, Ocean City

1BR005

Clarion Resort Fontainebleau Hotel, Ocean City

STATEMENT

DATE

COURSE TITLE

CPE

TIME

ACCOUNTING & AUDITING (IN-PERSON), CONTINUED 7/6/16

7/7/16

7/8/16

7/15/16

7/19/16

7/27/16

8/11/16

8/12/16

8/16/16

8/19/16

9/7/16

9/9/16

9/16/16

9/19/16

9/21/16

9/29/16

10/5/16

BEACH RETREAT: Not-for-Profit Organizations: Key Accounting and Reporting Considerations

12 p - 3:30 p

BEACH RETREAT: GASB Statement No. 68 Audit and Accounting Workshop

7:30 a - 11 a

BEACH RETREAT: Yellow Book Financial Audits

12 p - 3:30 p

BEACH RETREAT: Professional Issues Update - Tom Hood III, CPA, CITP, CGMA

7:30 a - 11 a

Interpreting the New Revenue Recognition Standard: What All CPA’s Need to Know

12 p - 3:30 p

Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls

8 a - 11:30 a

Studies on Single Audit and Yellow Book Deficiencies

8 a - 3:30 p

Advanced Auditing for Defined Benefit Pension Plans

8 a - 3:30 p

Forensic Accounting Investigative Practices

8 a - 3:30 p

Internal Controls and Risk Assessment: Key Factors in a Successful Audit

8 a - 3:30 p

Revenue Recognition: Mastering the New FASB Requirements

8 a - 3:30 p

Upcoming Peer Review: Is Your Firm Ready?

8 a - 3:30 p

IFRS Standards: Financial Reporting in a Global Environment

8 a - 3:30 p

Real World Fraud in Today’s Small- to MediumSized Entities

8 a - 3:30 p

Annual Update for Preparation, Compilation, and Review Engagements

8 a - 3:30 p

2016 GOVERNMENT CONTRACTORS’ CONFERENCE

8 a - 4:30 p

Identity Theft: Preventing, Detecting, and Investigating Identity Theft

8 a - 3:30 p

Applying the Uniform Guidance for Federal Awards in Your Single Audits

8 a - 3:30 p

Accounting and Auditing Current Developments (Accounting Update)

8 a - 3:30 p

MEMBER

EVENT ID

LOCATION

NON-MEM

$150 $200 $150 $200 $150 $200 $150 $200 $150 $200 $150 $200 $295 $395 $1475 $1575 $295 $395 $295 $395 $295 $395 $295 $395 $295 $395 $295 $395 $295 $395 $255 $355 $295 $395 $295 $395 $220 $320

1BR001

Clarion Resort Fontainebleau Hotel, Ocean City

1BR002

Clarion Resort Fontainebleau Hotel, Ocean City

1BR003

Clarion Resort Fontainebleau Hotel, Ocean City

1BR017

Clarion Resort Fontainebleau Hotel, Ocean City

111307A

The Loyola Graduate Center, Timonium

111306A

The Loyola Graduate Center, Timonium

111308A

Johns Hopkins University Montgomery County Campus, Rockville

211309A

MACPA Columbia Center, Columbia

111310A

The Loyola Graduate Center, Timonium

111311A

The Loyola Graduate Center, Timonium

111313A

The Loyola Graduate Center, Timonium

111314A

MACPA Columbia Center, Columbia

111315A

MACPA Columbia Center, Columbia

111316A

MACPA Columbia Center, Columbia

111317A

The Loyola Graduate Center, Timonium

121008

University of MD University College The Inn & Conference Center, College Park

111318A

Mount Continuing Studies Center, Frederick

111319A

MACPA Columbia Center, Columbia

111403

Loyola University Maryland Graduate Ctr Columbia Campus, Columbia

111022

MACPA Columbia Center, Columbia

121011

Hilton Baltimore BWI Airport, Linthicum

121012

Sheraton Columbia Hotel, Columbia

BU SI N E SS & I N D US T RY ( I N - P E R S O N) 5/10/16

5/13/16

5/16/16

5/17/16

Fringe Benefit Planning for 2016 and Beyond

8 a - 3:30 p

2016 BUSINESS AND INDUSTRY CONFERENCE

8a-5p

2016 EMPLOYEE BENEFIT PLAN CONFERENCE

8 a - 4:30 p

AICPA’s Annual Update: Top Governmental and Not-for Profit Accounting and Auditing Issues Facing CPAs

8 a - 3:30 p

MAY 2016

$295 $395 $395 $495 $300 $400 $295 $395

111274A

Johns Hopkins University Montgomery County Campus, Rockville

DATE

COURSE TITLE

CPE

TIME

BUSINESS & INDUSTRY (IN-PERSON), CONTINUED 5/19/16

5/23/16

5/24/16

5/25/16

6/7/16

6/14/16

6/15/16

6/28/16

6/29/16

7/6/16

7/7/16

7/8/16

7/15/16

8/11/16

8/15/16

8/16/16

9/7/16

Financial Leaders Forum: Enterprise Risk Management and Forecasting

8 a - 12 p

Audits of 401(k) Plans

8 a - 3:30 p

Not-for-Profit Accounting & Reporting: From Start to Finish

8 a - 3:30 p

AACC: A Practical Ethics Update for CPAs: 2016 Edition

1p-5p

BLI Thought Leader Series: The Millennial Generation and the Future of Business with Jamie Notter

9 a - 12:30 p

Identity Theft: Preventing, Detecting, and Investigating Identity Theft

8 a - 3:30 p

Accounting and Auditing Current Developments

8 a - 3:30 p

Business and Industry Networking Series: Conference Debrief

12 p - 1:30 p

Excel Pivot Tables in-depth, PowerPivot Tips, and Data Analysis Functions

8 a - 3:30 p

PowerPoint and Excel Data Visualization: Create Dynamic Financial Presentations, Charts, Graphs, and Diagrams

8 a - 3:30 p

BEACH RETEREAT: Annual Update of Essential Treasury and Risk Management Information for Controllers and CFO’s

12 p - 3:30 p

BEACH RETREAT: Annual Update of Essential Controller Skills

7:30 a - 11 a

BEACH RETREAT: Fraud and Cash Receipts: Common Frauds and Internal Controls

12 p - 3:30 p

BEACH RETREAT: Macroeconomic Factors Influencing the CPA

12 p - 3:30 p

BEACH RETREAT: Major Risks Affecting Financial Forecasts

7:30 a - 11 a

BEACH RETREAT: Risk Management: Anticipating Disasters to Save Your Company

7:30 a - 11 a

BEACH RETREAT: Working Smarter: Adding to Your Personal and Professional Bottom-line

12 p - 3:30 p

BEACH RETREAT: Ethics for the Industry Accountant

7:30 a - 11 a

Interpreting the New Revenue Recognition Standard: What All CPA’s Need to Know

12 p - 3:30 p

Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls

8 a - 11:30 a

Forensic Accounting Investigative Practices

8 a - 3:30 p

Employment Law Update: Key Risks and Recent Trends

8 a - 3:30 p

Revenue Recognition: Mastering the New FASB Requirements

8 a - 3:30 p

IFRS Standards: Financial Reporting in a Global Environment

8 a - 3:30 p

MEMBER

NON-MEM EVENT ID

LOCATION

NON-MEM

$200 $250 $295 $395 $295 $395 $150 $200 $195 $295 $295 $395 $220 $320 $20 $30 $330 $480 $330 $480 $150 $200 $150 $200 $150 $200 $150 $200 $150 $200 $150 $200 $150 $200 $150 $200 $150 $200 $150 $200 $295 $395 $295 $395 $295 $395 $295 $395

171015

The Loyola Graduate Center, Timonium

111275A

Johns Hopkins University Montgomery County Campus, Rockville

111300A

The Loyola Graduate Center, Timonium

140610

J. King’s (formerly Kaufmann’s), Gambrills

191020

Sheraton Columbia Hotel, Columbia

111302A

MACPA Columbia Center, Columbia

110046

Mount Continuing Studies Center, Frederick

184024

MACPA Towson Center, Towson

130230

MACPA Columbia Center, Columbia

130231

MACPA Columbia Center, Columbia

1BR007

Clarion Resort Fontainebleau Hotel, Ocean City

1BR008

Clarion Resort Fontainebleau Hotel, Ocean City

1BR005

Clarion Resort Fontainebleau Hotel, Ocean City

1BR009

Clarion Resort Fontainebleau Hotel, Ocean City

1BR010

Clarion Resort Fontainebleau Hotel, Ocean City

1BR006

Clarion Resort Fontainebleau Hotel, Ocean City

1BR011

Clarion Resort Fontainebleau Hotel, Ocean City

1BR016

Clarion Resort Fontainebleau Hotel, Ocean City

111307A

The Loyola Graduate Center, Timonium

111306A

The Loyola Graduate Center, Timonium

111310A

The Loyola Graduate Center, Timonium

111312A

MACPA Columbia Center, Columbia

111313A

The Loyola Graduate Center, Timonium

111315A

MACPA Columbia Center, Columbia

STATEMENT

Nobody Beats Our Addition Skills Looking to add top talent to your business? Look to Randstad Professionals and shake the hand that’s shaken those of the best and the brightest in the financing and accounting fields. Recognized as the area’s leading professional recruitment firm with a 30-year track record of success, Randstad boasts a network of talent that is second to none. Combine that with the backing of a $22 billion organization with offices across the globe and it’s no wonder that 90% of our business is from repeat clients. So, go by the numbers and count on Randstad Professionals. Finance & Accounting, Banking, IT Direct Hire, Human Resources, Sales & Marketing Craig Walker Director of Accounting and Finance Recruitment

Baltimore: (410) 752-5244 / Columbia: (410) 872-9100 Offices also in Washington / Bethesda / Vienna, VA Visit us at randstadusa.com The Mergis Group is now Randstad Professionals, the second-largest staffing and recruiting provider in the world.

The Choice is Yours When choosing the University of Baltimore Masters of Science in Accounting and Business Advisory Services program, you’ll go beyond just accounting. Our curriculum is tailored to working professionals like you. The program prepares you for the CPA exam and your career by using an holistic approach that includes courses in finance and information systems. Apply now. For more information about our graduate program offering visit: ubalt.edu/gradaccounting UB Alumni lead more of Baltimore’s largest accounting firms.* *According to the 2015 Baltimore Business Journal Book of Lists, the University of Baltimore has 10 alumni who are managing or co-managing Baltimore’s 25 largest accounting firms.

DATE

COURSE TITLE

CPE

TIME

BUSINESS & INDUSTRY (IN-PERSON), CONTINUED 9/9/16

9/19/16

9/21/16

9/22/16

10/5/16

Real World Fraud in Today’s Small- to MediumSized Entities

8 a - 3:30 p

2016 GOVERNMENT CONTRACTORS’ CONFERENCE

8 a - 4:30 p

Identity Theft: Preventing, Detecting, and Investigating Identity Theft

8 a - 3:30 p

47th ANNUAL CHESAPEAKE TAX CONFERENCE

8a-5p

Quarterly Financial Leaders Series - Financial Storytelling: The Key in Growing Your Organization to the Next Level

8 a - 12 p

Quarterly Financial Leaders Series Bundle

8 a - 12 p

Accounting and Auditing Current Developments (Accounting Update)

8 a - 3:30 p

Business and Industry Networking Series

12 p - 1:30 p

MEMBER

EVENT ID

LOCATION

NON-MEM

$295 $395 $255 $355 $295 $395 $285 $385 $180 $230 $620 $820 $220 $320 $20 $30

111316A 121008 111318A

MACPA Columbia Center, Columbia University of MD University College The Inn & Conference Center, College Park Mount Continuing Studies Center, Frederick

221000

Martin’s West, Baltimore

171020

MACPA Columbia Center, Columbia

471000

MACPA Columbia Center, Columbia

111403

Loyola University Maryland Graduate Ctr Columbia Campus, Columbia

184025

MACPA Columbia Center, Columbia

111022

MACPA Columbia Center, Columbia

121012

Sheraton Columbia Hotel, Columbia

111301A

MACPA Columbia Center, Columbia

211305A

MACPA Columbia Center, Columbia

211309A

MACPA Columbia Center, Columbia

EMPLOY E E B E N E F I T S ( I N - P E R S O N) 5/10/16

5/16/16

6/1/16

6/16/16

7/27/16

Fringe Benefit Planning for 2016 and Beyond

8 a - 3:30 p

2016 EMPLOYEE BENEFIT PLAN CONFERENCE

8 a - 4:30 p

Auditing Employee Benefit Plans

8 a - 3:30 p

Advanced Auditing for Defined Contribution Retirement Plans

8 a - 3:30 p

Advanced Auditing for Defined Benefit Pension Plans

8 a - 3:30 p

AACC: A Practical Ethics Update for CPAs: 2016 Edition

1p-5p

BEACH RETREAT: Ethics for the Industry Accountant

7:30 a - 11 a

$295 $395 $300 $400 $295 $395 $1475 $1575 $1475 $1575

ETH I C S ( I N -PE R S O N ) 5/24/16

7/8/16

$150 $200 $150 $200

140610

J. King’s (formerly Kaufmann’s), Gambrills

1BR016

Clarion Resort Fontainebleau Hotel, Ocean City

111021

MACPA Columbia Center, Columbia

111022

MACPA Columbia Center, Columbia

111017

MACPA Columbia Center, Columbia

111400

MACPA Columbia Center, Columbia

111401

MACPA Columbia Center, Columbia

F IN A N C I A L P L AN N I N G ( I N - P E R S O N) 5/9/16

5/10/16

6/9/16

8/17/16

9/19/16

Estate Planning for 2016 and Beyond

8 a - 3:30 p

Fringe Benefit Planning for 2016 and Beyond

8 a - 3:30 p

The Complete Guide to Maryland Death Taxation

8 a - 3:30 p

The Complete Guide to Preparing Forms 706 and 709

8 a - 3:30 p

A Practical Guide to Trusts

8 a - 3:30 p

$295 $395 $295 $395 $295 $395 $295 $395 $295 $395

STATEMENT

A TOWN HALL WITH TOM HOOD, CEO, MACPA The insider update on professional trends, regulations, association membership, and learning

COMPLIMENTARY CPE

ANNUAL MEETING CPAs in Maryland attend these town hall-style meetings with Tom Hood to gain invaluable insight in to the always-changing CPA profession. As the CEO of the Maryland Association of CPAs, Tom is uniquely qualified to help "navigate the now.“ Now is when CPAs must thrive – not just for the profession, but for the good of the whole economy.

UPCOMING PROFESSIONAL ISSUES UPDATE WITH TOM HOOD, cpa June 21, 8:30 am Towson, MD CPE credit: 4.0 Event ID: 140116 Simulcast available

MACPA.ORG/PIU STRATEGIC LEARNING POWERED BY

DATE

COURSE TITLE

CPE

TIME

9/28/16

EVENT ID

LOCATION

NON-MEM

FINANCIAL PLANNING (IN-PERSON), CONTINUED 9/27/16

MEMBER

Making the Best of Bad Situations

8 a - 3:30 p

The Best Estate and Financial Planning Topics of 2016

8 a - 3:30 p

$295 $395 $295 $395

111402

MACPA Columbia Center, Columbia

111420

MACPA Columbia Center, Columbia

111302A

MACPA Columbia Center, Columbia

1BR005

Clarion Resort Fontainebleau Hotel, Ocean City

182063

MACPA Columbia Center, Columbia

F RAU D & FOR E N S I C ( I N - P E R S O N) 6/7/16

7/6/16

7/15/16

8/11/16

9/9/16

9/21/16

Identity Theft: Preventing, Detecting, and Investigating Identity Theft

8 a - 3:30 p

BEACH RETREAT: Fraud and Cash Receipts: Common Frauds and Internal Controls

12 p - 3:30 p

Accountant’s Roles in Bankruptcy- FVS Speaker Series

8:30 a - 10:30 a

Forensic Accounting Investigative Practices

8 a - 3:30 p

Real World Fraud in Today’s Small- to MediumSized Entities

8 a - 3:30 p

Identity Theft: Preventing, Detecting, and Investigating Identity Theft

8 a - 3:30 p

$295 $395 $150 $200 $50 $60 $295 $395 $295 $395 $295 $395

111310A

The Loyola Graduate Center, Timonium

111316A

MACPA Columbia Center, Columbia

111318A

Mount Continuing Studies Center, Frederick

111274A

Johns Hopkins University Montgomery County Campus, Rockville

111300A

The Loyola Graduate Center, Timonium

111276A

MACPA Columbia Center, Columbia

G OV ER N M EN T / N O T- F O R - P R O F IT ( IN- PERS O N) 5/17/16

5/23/16

6/2/16

6/3/16

6/8/16

6/15/16

7/6/16

7/7/16

8/15/16

AICPA’s Annual Update: Top Governmental and Not-for Profit Accounting and Auditing Issues Facing CPAs

8 a - 3:30 p

Not-for-Profit Accounting & Reporting: From Start to Finish

8 a - 3:30 p

Not-for-Profit Accounting and Auditing Update

8 a - 3:30 p

2016 ACCOUNTING EDUCATORS CONFERENCE

8:30 a - 4:30 p

Yellow Book: Government Auditing Standards

8 a - 3:30 p

Accounting and Reporting for Not-for-Profit Organizations

8 a - 3:30 p

Annual Update for Governments and Not-for-Profits

7:30 a - 11 a

BEACH RETREAT: Not-for-Profit Organizations: Key Accounting and Reporting Considerations

12 p - 3:30 p

BEACH RETREAT: Yellow Book Financial Audits

12 p - 3:30 p

Employment Law Update: Key Risks and Recent Trends

8 a - 3:30 p

$295 $395 $295 $395 $295 $395 $120 $220 $295 $395 $295 $395 $150 $200 $150 $200 $150 $200 $295 $395

121001

Handelman Learning Center, Columbia

111303A

Johns Hopkins University Montgomery County Campus, Rockville

111304A

The Loyola Graduate Center, Timonium

1BR000

Clarion Resort Fontainebleau Hotel, Ocean City

1BR001

Clarion Resort Fontainebleau Hotel, Ocean City

1BR003

Clarion Resort Fontainebleau Hotel, Ocean City

111312A

MACPA Columbia Center, Columbia

182060

Southern Maryland Higher Education Center, California

121008

University of MD University College The Inn & Conference Center, College Park

G OV ER N M EN T C O N T R AC T I N G ( IN- PERS O N) 5/18/16

9/19/16

Southern MD Conference- Government Contracting Accounting Issues and Updates

1p-5p

2016 GOVERNMENT CONTRACTORS’ CONFERENCE

8 a - 4:30 p

MAY 2016

$30 $40 $255 $355

DATE

COURSE TITLE

CPE

TIME

MEMBER

EVENT ID

LOCATION

NON-MEM

MANAGEMENT & LEADERSHIP (IN-PERSON)

MA N A G EM E N T & L E AD E R S H I P ( IN- PERS O N) 5/13/16

5/18/16

5/19/16

5/20/16

5/25/16

5/26/16

6/10/16

6/15/16

6/21/16

7/7/16

7/8/16

7/15/16

9/22/16

9/30/16

10/5/16

2016 BUSINESS AND INDUSTRY CONFERENCE

8a-5p

The Future Ready Workshop

8:30 a - 12 p

Financial Leaders Forum: Enterprise Risk Management and Forecasting

8 a - 12 p

Spring Town Hall 2016

8:30 a - 12 p

BLI Thought Leader Series: The Millennial Generation and the Future of Business with Jamie Notter

9 a - 12:30 p

The Future Ready Workshop

8:30 a - 12 p

The Future Ready Workshop

8:30 a - 12 p

Business and Industry Networking Series: Conference Debrief

12 p - 1:30 p

Spring Town Hall 2016 and Annual Meeting

8:30 a - 12 p

BEACH RETREAT: Risk Management: Anticipating Disasters to Save Your Company

7:30 a - 11 a

BEACH RETREAT: Working Smarter: Adding to Your Personal and Professional Bottom-line

12 p - 3:30 p

BEACH RETREAT: Professional Issues Update - Tom Hood III, CPA, CITP, CGMA

7:30 a - 11 a

Accountant’s Roles in Bankruptcy- FVS Speaker Series

8:30 a - 10:30 a

Quarterly Financial Leaders Series - Financial Storytelling: The Key in Growing Your Organization to the Next Level

8 a - 12 p

Quarterly Financial Leaders Series Bundle

8 a - 12 p

2016 Women to Watch Awards Breakfast

8:30 a - 11 a

Business and Industry Networking Series

12 p - 1:30 p

$395 $495 $50 $75 $200 $250 $0 $250 $195 $295 $50 $75 $50 $75 $20 $30 $0 $250 $150 $200 $150 $200 $150 $200 $50 $60 $180 $230 $620 $820 $75 $75 $20 $30

121011

Hilton Baltimore BWI Airport, Linthicum

140117

MACPA Columbia Center, Columbia

171015

The Loyola Graduate Center, Timonium

140115

Mount Continuing Studies Center, Frederick

191020

Sheraton Columbia Hotel, Columbia

140118

The Loyola Graduate Center, Timonium

140119

Mount Continuing Studies Center, Frederick

184024

MACPA Towson Center, Towson

140116

Sheppard Pratt Health Sys - Conf. Ctr (Conference Center), Towson

1BR006

Clarion Resort Fontainebleau Hotel, Ocean City

1BR011

Clarion Resort Fontainebleau Hotel, Ocean City

1BR017

Clarion Resort Fontainebleau Hotel, Ocean City

182063

MACPA Columbia Center, Columbia

171020

MACPA Columbia Center, Columbia

471000

MACPA Columbia Center, Columbia

191016

The Hotel at Arundel Preserve, Hanover

184025

MACPA Columbia Center, Columbia

182060

Southern Maryland Higher Education Center, California

195004

Johns Hopkins University Montgomery County Campus, Rockville

121001

Handelman Learning Center, Columbia

182063

MACPA Columbia Center, Columbia

S P EC I A L I ZED K N O WL E D G E ( I N -PERS O N) 5/18/16

5/24/16

6/3/16

7/15/16

Southern MD Conference- Government Contracting Accounting Issues and Updates

1p-5p

Imperatives for Succeeding at Transitioning CPA Firm Ownership in Your Region

9 a - 12 p

2016 ACCOUNTING EDUCATORS CONFERENCE

8:30 a - 4:30 p

Accountant’s Roles in Bankruptcy- FVS Speaker Series

8:30 a - 10:30 a

$30 $40 $25 $50 $120 $220 $50 $60

STATEMENT

DATE

COURSE TITLE

CPE

TIME

SPECIALIZED KNOWLEDGE (IN-PERSON), CONTINUED 9/28/16

The Best Estate and Financial Planning Topics of 2016

8 a - 3:30 p

Estate Planning for 2016 and Beyond

8 a - 3:30 p

Fringe Benefit Planning for 2016 and Beyond

8 a - 3:30 p

2016 EMPLOYEE BENEFIT PLAN CONFERENCE

8 a - 4:30 p

The Complete Guide to Maryland Death Taxation

8 a - 3:30 p

BEACH RETREAT: A Practical Guide to Trusts

12 p - 3:30 p

BEACH RETREAT: Federal Tax Update- Part 1

7:30 a - 11 a

BEACH RETREAT: Federal Tax Update- Part 2

7:30 a - 11 a

BEACH RETREAT: Preparation of Form 1041Practical Issues

12 p - 3:30 p

The Complete Guide to Preparing Forms 706 and 709

8 a - 3:30 p

A Practical Guide to Trusts

8 a - 3:30 p

47th ANNUAL CHESAPEAKE TAX CONFERENCE

8a-5p

Making the Best of Bad Situations

8 a - 3:30 p

The Best Estate and Financial Planning Topics of 2016

8 a - 3:30 p

Excel Advanced Productivity Features for CPAs Functions, Data Analysis, Macro Recorder and Tips

8 a - 3:30 p

SMC: Quickbooks & Blue Crabs Game Social

12:30 p - 10 p

Excel Hot Topics for CPAs

8 a - 3:30 p

Excel Pivot Tables in-depth, PowerPivot Tips, and Data Analysis Functions

8 a - 3:30 p

PowerPoint and Excel Data Visualization: Create Dynamic Financial Presentations, Charts, Graphs, and Diagrams

8 a - 3:30 p

MEMBER

EVENT ID

LOCATION

NON-MEM

$295 $395

111420

MACPA Columbia Center, Columbia

111021

MACPA Columbia Center, Columbia

111022

MACPA Columbia Center, Columbia

121012

Sheraton Columbia Hotel, Columbia

111017

MACPA Columbia Center, Columbia

1BR013

Clarion Resort Fontainebleau Hotel, Ocean City

1BR012

Clarion Resort Fontainebleau Hotel, Ocean City

1BR014

Clarion Resort Fontainebleau Hotel, Ocean City

1BR015

Clarion Resort Fontainebleau Hotel, Ocean City

111400

MACPA Columbia Center, Columbia

111401

MACPA Columbia Center, Columbia

221000

Martinâ&#x20AC;&#x2122;s West, Baltimore

111402

MACPA Columbia Center, Columbia

111420

MACPA Columbia Center, Columbia

130227

MACPA Columbia Center, Columbia

140707

Legends Club: Southern MD Blue Crabs Stadium, Waldorf

130228

MACPA Columbia Center, Columbia

130230

MACPA Columbia Center, Columbia

130231

MACPA Columbia Center, Columbia

TAX (IN -P E R SO N ) 5/9/16

5/10/16

5/16/16

6/9/16

7/6/16

7/7/16

8/17/16

9/19/16

9/22/16

9/27/16

9/28/16

$295 $395 $295 $395 $300 $400 $295 $395 $150 $200 $150 $200 $150 $200 $150 $200 $295 $395 $295 $395 $285 $385 $295 $395 $295 $395

T E C HN OL OG Y ( I N - P E R S O N ) 5/12/16

5/20/16

6/8/16

6/28/16

6/29/16

MAY 2016

$330 $480 $50 $60 $330 $480 $330 $480 $330 $480

Upcoming ONLINE Events & Courses DATE

COURSE TITLE

NON-MEM

CPE

TIME

MEMBER NON-MEM.

EVENT ID

LOCATION

ACCOUNTING & AUDITING (WEBCASTS) 5/9/16

WEBCAST: Construction Contractors: Accounting, Auditing, and Tax

10:30 a - 6:30 p

$249 $319

11W005

Online Webcast, Internet

5/10/16

WEBCAST: Audit Workpapers: Documenting Field Work

9a-1p

$159 $199

11W006

Online Webcast, Internet

5/10/16

WEBCAST: Audit Workpapers: Reviewing Field Work

1p-5p

$159 $199

11W007

Online Webcast, Internet

5/11/16

WEBCAST: GASB Statement No. 68 Audit and Accounting Workshop

1p-5p

$159 $199

11W351

Online Webcast, Internet

5/12/16

WEBCAST: Fraud: Recent Findings, Red Flags and Corruption Schemes

1p-5p

$159 $199

11W009

Online Webcast, Internet

5/16/16

SIMULCAST: 2016 EMPLOYEE BENEFIT PLAN CONFERENCE

8 a - 4:30 p

$300 $400

17W444

LIVE- ONLINE WEBCAST, INTERNET

5/16/16

WEBCAST: Identity Theft: Preventing, Detecting, and Investigating

10:30 a - 6:30 p

$249 $319

11W010

Online Webcast, Internet

5/17/16

WEBCAST: Accounting for Deferred Income Taxes

9a-5p

$249 $319

11W011

Online Webcast, Internet

5/17/16

WEBCAST: Applying the Uniform Guidance for Federal Awards in Your Single Audits

9a-5p

$249 $319

11W012

Online Webcast, Internet

5/17/16

WEBCAST: Fraud and Cash Receipts: Common Frauds and Internal Controls

1p-5p

$159 $199

11W013

Online Webcast, Internet

5/17/16

WEBCAST: Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls

9 a - 12:30 p

$159 $199

11W014

Online Webcast, Internet

5/19/16

WEBCAST: Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know

1p-5p

$159 $199

11W018

Online Webcast, Internet

5/19/16

WEBCAST: The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them

1p-5p

$159 $199

11W019

Online Webcast, Internet

5/20/16

SIMULCAST: Spring Town Hall 2016

8:30 a - 12 p

$0 $250

14W001

LIVE- ONLINE WEBCAST, INTERNET

5/20/16

WEBCAST: Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors

9a-5p

$249 $319

11W020

Online Webcast, Internet

5/20/16

WEBCAST: U.S. GAAP: Latest Developments for Business & Industry

1p-5p

$159 $199

11W021

Online Webcast, Internet

5/23/16

WEBCAST: Yellow Book Financial Audits

9a-1p

$159 $199

11W031

Online Webcast, Internet

5/24/16

WEBCAST: Audits of HUD-Assisted Projects

9a-1p

$159 $199

11W029

Online Webcast, Internet

5/31/16

WEBCAST: Analyzing a Companyâ&#x20AC;&#x2122;s Financial Statement

1p-5p

$159 $199

11W032

Online Webcast, Internet

5/31/16

WEBCAST: Not-for-Profit Accounting & Reporting: From Start to Finish

9a-5p

$249 $319

11W033

Online Webcast, Internet

STATEMENT

Choose knowledge, strategy and results

• Arbitration and Mediation

• Derivative Actions

• Bank Financing and Loan Documents

• Employment Agreements

• Business Formation

• Independent Contractor Agreements

• Business Succession Planning

• Non-Compete and Executive Compensation

• Commercial Lease Negotiation

• Purchases, Sales and Mergers

• Contracts and Commercial Agreements

• Shareholder and Operating Agreements

Ronald E. Lyons, Esquire 1901 Research Blvd., Suite 500 • Rockville, MD 20850-3168 301-251-1180 p • 301-251-0447 f www.mcmillanmetro.com • rlyons@mcmillanmetro.com

The One-Receipt Solution You’ve seen them: stacks of receipts for charitable donations. But with a BCF donor-advised fund, your client will have one charitable receipt for the entire year’s gifts. And that saves time. And maybe even a couple of aspirins. BCF has more tax-savvy tips for charitable gift planning. And plenty of added benefits for your clients, too. So give us a call . . . your clients will thank you.

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410-332-4171

www.bcf.org

DATE

COURSE TITLE

CPE

TIME

ACCOUNTING & AUDITING (WEBCASTS), CONTINUED

MEMBER

EVENT ID

LOCATION

NON-MEM

6/3/16

WEBCAST: Audit Workpapers: Documenting Field Work

9a-1p

$159 $199

11W035

Online Webcast, Internet

6/3/16

WEBCAST: Audit Workpapers: Reviewing Field Work

1p-5p

$159 $199

11W036

Online Webcast, Internet

6/6/16

WEBCAST: Engagement Essentials: Preparation, Compilation, and Review of Financial Statements

10:30 a - 6:30 p

$249 $319

11W039

Online Webcast, Internet

6/7/16

WEBCAST: Identity Theft: Preventing, Detecting, and Investigating

9a-5p

$249 $319

11W042

Online Webcast, Internet

6/8/16

SIMULCAST: Yellow Book: Government Auditing Standards

8 a - 3:30 p

$285 $385

11WL00

LIVE- ONLINE WEBCAST, INTERNET

6/8/16

WEBCAST: Not-for-Profit Accounting and Auditing Update

1p-5p

$159 $199

11W043

Online Webcast, Internet

6/9/16

WEBCAST: GASB Statement No. 68 Audit and Accounting Workshop

1p-5p

$159 $199

11W044

Online Webcast, Internet

6/9/16

WEBCAST: The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them

1p-5p

$159 $199

11W045

Online Webcast, Internet

6/10/16

WEBCAST: Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors

9a-5p

$249 $319

11W046

Online Webcast, Internet

6/11/16

WEBCAST: Accounting and Auditing Update

1 p - 4:30 p

$159 $199

11W024

Online Webcast, Internet

6/11/16

WEBCAST: Preparation, Compilation, and Review Engagements Update

9a-1p

$159 $199

11W028

Online Webcast, Internet

6/13/16

WEBCAST: Accounting for Deferred Income Taxes

10:30 a - 6:30 p

$249 $319

11W047

Online Webcast, Internet

6/13/16

WEBCAST: Applying the Uniform Guidance for Federal Awards in Your Single Audits

10:30 a - 6:30 p

$249 $319

11W048

Online Webcast, Internet

6/14/16

WEBCAST: Audits of HUD-Assisted Projects

1p-5p

$159 $199

11W051

Online Webcast, Internet

6/14/16

WEBCAST: Recognizing and Responding to Fraud Risk in Governmental and Not-For-Profit Organizations

9a-1p

$159 $199

11W052

Online Webcast, Internet

6/15/16

SIMULCAST: Accounting and Reporting for Not-forProfit Organizations

8 a - 3:30 p

$285 $385

11WL01

LIVE- ONLINE WEBCAST, INTERNET

6/15/16

WEBCAST: U.S. GAAP: Latest Developments for Business & Industry

1p-5p

$159 $199

11W053

Online Webcast, Internet

6/15/16

WEBCAST: Yellow Book Financial Audits

1p-5p

$159 $199

11W346

Online Webcast, Internet

6/16/16

WEBCAST: Analyzing a Companyâ&#x20AC;&#x2122;s Financial Statement

1p-5p

$159 $199

11W054

Online Webcast, Internet

6/16/16

WEBCAST: Fraud: Recent Findings, Red Flags and Corruption Schemes

1p-5p

$159 $199

11W055

Online Webcast, Internet

6/17/16

WEBCAST: Fraud and Cash Receipts: Common Frauds and Internal Controls

1p-5p

$159 $199

11W056

Online Webcast, Internet

6/17/16

WEBCAST: Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls

9 a - 12:30 p

$159 $199

11W058

Online Webcast, Internet

6/20/16

WEBCAST: Internal Controls and Risk Assessment: Key Factors in a Successful Audit

10:30 a - 6:30 p

$249 $319

11W061

Online Webcast, Internet

6/21/16

WEBCAST: Audits of 401(k) Plans

9a-5p

$249 $319

11W037

Online Webcast, Internet

6/23/16

WEBCAST: Accounting and Auditing Update

1 p - 4:30 p

$159 $199

11W069

Online Webcast, Internet

6/24/16

WEBCAST: Not-for-Profit Accounting & Reporting: From Start to Finish

9a-5p

$249 $319

11W073

Online Webcast, Internet

6/24/16

WEBCAST: Revenue Recognition: Mastering the New FASB Requirements

9a-5p

$249 $319

11W074

Online Webcast, Internet

STATEMENT

DATE

COURSE TITLE

CPE

TIME

ACCOUNTING & AUDITING (WEBCASTS), CONTINUED

MEMBER

EVENT ID

LOCATION

NON-MEM

6/27/16

WEBCAST: Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors

10:30 a - 6:30 p

$249 $319

11W077

Online Webcast, Internet

6/28/16

WEBCAST: Construction Contractors: Accounting, Auditing, and Tax

9a-5p

$249 $319

11W064

Online Webcast, Internet

6/28/16

WEBCAST: Statement of Cash Flows: Preparation, Presentation, and Use

1p-5p

$159 $199

11W081

Online Webcast, Internet

6/29/16

WEBCAST: Preparation, Compilation, and Review Engagements Update

1p-5p

$159 $199

11W082

Online Webcast, Internet

7/5/16

WEBCAST: Yellow Book Financial Audits

9a-1p

$159 $199

11W087

Online Webcast, Internet

7/6/16

WEBCAST: Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know

1p-5p

$159 $199

11W088

Online Webcast, Internet

7/7/16

WEBCAST: Not-for-Profit Accounting and Auditing Update

1p-5p

$159 $199

11W090

Online Webcast, Internet

7/8/16

WEBCAST: Construction Contractors: Accounting, Auditing, and Tax

9a-5p

$249 $319

11W091

Online Webcast, Internet

7/8/16

WEBCAST: Identity Theft: Preventing, Detecting, and Investigating

9a-5p

$249 $319

11W092

Online Webcast, Internet

7/11/16

WEBCAST: Audits of 401(k) Plans

10:30 a - 6:30 p

$249 $319

11W093

Online Webcast, Internet

7/12/16

WEBCAST: Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors

9a-5p

$249 $319

11W094

Online Webcast, Internet

7/13/16

WEBCAST: Fraud: Recent Findings, Red Flags and Corruption Schemes

1p-5p

$159 $199

11W095

Online Webcast, Internet

7/14/16

WEBCAST: The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them

1p-5p

$159 $199

11W097

Online Webcast, Internet

7/15/16

WEBCAST: Accounting for Deferred Income Taxes

9a-5p

$249 $319

11W098

Online Webcast, Internet

7/18/16

WEBCAST: Audit Workpapers: Documenting Field Work

10:30 a - 2:30 p

$159 $199

11W100

Online Webcast, Internet

7/18/16

WEBCAST: Audit Workpapers: Reviewing Field Work

2:30 p - 6:30 p

$159 $199

11W101

Online Webcast, Internet

7/18/16

WEBCAST: Not-for-Profit Accounting & Reporting: From Start to Finish

10:30 a - 6:30 p

$249 $319

11W103

Online Webcast, Internet

7/19/16

WEBCAST: Fraud and Cash Receipts: Common Frauds and Internal Controls

1p-5p

$159 $199

11W105

Online Webcast, Internet

7/19/16

WEBCAST: Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls

9 a - 12:30 p

$159 $199

11W106

Online Webcast, Internet

7/20/16

WEBCAST: Accounting and Auditing Update

1 p - 4:30 p

$159 $199

11W107

Online Webcast, Internet

7/21/16

WEBCAST: GASB Statement No. 68 Audit and Accounting Workshop

1p-5p

$159 $199

11W110

Online Webcast, Internet

7/21/16

WEBCAST: Preparation, Compilation, and Review Engagements Update

1p-5p

$159 $199

11W111

Online Webcast, Internet

7/22/16

WEBCAST: Internal Controls and Risk Assessment: Key Factors in a Successful Audit

9a-5p

$249 $319

11W112

Online Webcast, Internet

7/25/16

WEBCAST: Analyzing a Companyâ&#x20AC;&#x2122;s Financial Statement

10:30 a - 2:30 p

$159 $199

11W113

Online Webcast, Internet

7/26/16

WEBCAST: Audits of HUD-Assisted Projects

1p-5p

$159 $199

11W117

Online Webcast, Internet

7/26/16

WEBCAST: Recognizing and Responding to Fraud Risk in Governmental and Not-For-Profit Organizations

1p-5p

$159 $199

11W119

Online Webcast, Internet

7/28/16

WEBCAST: U.S. GAAP: Latest Developments for Business & Industry

1p-5p

$159 $199

11W123

Online Webcast, Internet

MAY 2016

DATE

COURSE TITLE

CPE

TIME

ACCOUNTING & AUDITING (WEBCASTS), CONTINUED

MEMBER

EVENT ID

LOCATION

NON-MEM

7/29/16

WEBCAST: Applying the Uniform Guidance for Federal Awards in Your Single Audits

9a-5p

$249 $319

11W124

Online Webcast, Internet

7/29/16

WEBCAST: Statement of Cash Flows: Preparation, Presentation, and Use

1p-5p

$159 $199

11W125

Online Webcast, Internet

8/2/16

WEBCAST: Not-for-Profit Accounting and Auditing Update

1p-5p

$159 $199

11W127

Online Webcast, Internet

8/2/16

WEBCAST: Yellow Book Financial Audits

9a-1p

$159 $199

11W128

Online Webcast, Internet

8/3/16

WEBCAST: GASB Statement No. 68 Audit and Accounting Workshop

1p-5p

$159 $199

11W129

Online Webcast, Internet

8/8/16

WEBCAST: Construction Contractors: Accounting, Auditing, and Tax

10:30 a - 6:30 p

$249 $319

11W131

Online Webcast, Internet

8/9/16

WEBCAST: Audits of 401(k) Plans

9a-5p

$249 $319

11W132

Online Webcast, Internet

8/9/16

WEBCAST: Revenue Recognition: Mastering the New FASB Requirements

9a-5p

$249 $319

11W133

Online Webcast, Internet

8/10/16

WEBCAST: The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them

1p-5p

$159 $199

11W134

Online Webcast, Internet

8/11/16

WEBCAST: Statement of Cash Flows: Preparation, Presentation, and Use

1p-5p

$159 $199

11W136

Online Webcast, Internet

8/12/16

WEBCAST: Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors

9a-5p

$249 $319

11W138

Online Webcast, Internet

8/15/16

WEBCAST: Applying the Uniform Guidance for Federal Awards in Your Single Audits

10:30 a - 6:30 p

$249 $319

11W130

Online Webcast, Internet

8/16/16

SIMULCAST: Revenue Recognition: Mastering the New FASB Requirements

8 a - 3:30 p

$285 $385

11WL03

LIVE- ONLINE WEBCAST, INTERNET

8/16/16

WEBCAST: Not-for-Profit Accounting & Reporting: From Start to Finish

9a-5p

$249 $319

11W140

Online Webcast, Internet

8/17/16

WEBCAST: Preparation, Compilation, and Review Engagements Update

1p-5p

$159 $199

11W141

Online Webcast, Internet

8/18/16

WEBCAST: Accounting and Auditing Update

1 p - 4:30 p

$159 $199

11W143

Online Webcast, Internet

8/19/16

WEBCAST: Audit Workpapers: Documenting Field Work

9a-1p

$159 $199

11W145

Online Webcast, Internet

8/19/16

WEBCAST: Audit Workpapers: Reviewing Field Work

1p-5p

$159 $199

11W146

Online Webcast, Internet

8/22/16

WEBCAST: Identity Theft: Preventing, Detecting, and Investigating

10:30 a - 6:30 p

$249 $319

11W151

Online Webcast, Internet

8/24/16

WEBCAST: Analyzing a Companyâ&#x20AC;&#x2122;s Financial Statement

1p-5p

$159 $199

11W152

Online Webcast, Internet

8/25/16

WEBCAST: Fraud: Recent Findings, Red Flags and Corruption Schemes

1p-5p

$159 $199

11W155

Online Webcast, Internet

8/25/16

WEBCAST: U.S. GAAP: Latest Developments for Business & Industry

1p-5p

$159 $199

11W156

Online Webcast, Internet

8/26/16

WEBCAST: Fraud and Cash Receipts: Common Frauds and Internal Controls

1p-5p

$159 $199

11W157

Online Webcast, Internet

8/26/16

WEBCAST: Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls

9 a - 12:30 p

$159 $199

11W158

Online Webcast, Internet

8/29/16

WEBCAST: Audits of HUD-Assisted Projects

2:30 p - 6:30 p

$159 $199

11W159

Online Webcast, Internet

8/29/16

WEBCAST: Recognizing and Responding to Fraud Risk in Governmental and Not-For-Profit Organizations

10:30 a - 2:30 p

$159 $199

11W162

Online Webcast, Internet

8/30/16

WEBCAST: Internal Controls and Risk Assessment: Key Factors in a Successful Audit

9a-5p

$249 $319

11W164

Online Webcast, Internet

STATEMENT

DATE

COURSE TITLE

CPE

TIME

ACCOUNTING & AUDITING (WEBCASTS), CONTINUED

MEMBER

EVENT ID

LOCATION

NON-MEM

9/1/16

WEBCAST: Statement of Cash Flows: Preparation, Presentation, and Use

1p-5p

$159 $199

11W168

Online Webcast, Internet

9/2/16

WEBCAST: Audit Workpapers: Documenting Field Work

9a-1p

$159 $199

11W169

Online Webcast, Internet

9/2/16

WEBCAST: Audit Workpapers: Reviewing Field Work

1p-5p

$159 $199

11W170

Online Webcast, Internet

9/2/16

WEBCAST: Not-for-Profit Accounting & Reporting: From Start to Finish

9a-5p

$249 $319

11W171

Online Webcast, Internet

9/6/16

WEBCAST: Not-for-Profit Accounting and Auditing Update

1p-5p

$159 $199

11W172

Online Webcast, Internet

9/6/16

WEBCAST: Yellow Book Financial Audits

9a-1p

$159 $199

11W173

Online Webcast, Internet

9/7/16

WEBCAST: Fraud: Recent Findings, Red Flags and Corruption Schemes

1p-5p

$159 $199

11W174

Online Webcast, Internet

9/8/16

WEBCAST: The Most Common Financial Statement and Asset Fraud Schemes: How to Detect and Prevent Them

1p-5p

$159 $199

11W175

Online Webcast, Internet

9/9/16

WEBCAST: Audits of 401(k) Plans

9a-5p

$249 $319

11W176

Online Webcast, Internet

9/12/16

WEBCAST: U.S. GAAP: Latest Developments for Business & Industry

10:30 a - 2:30 p

$159 $199

11W178

Online Webcast, Internet

9/13/16

WEBCAST: Accounting for Deferred Income Taxes

9a-5p

$249 $319

11W179

Online Webcast, Internet

9/13/16

WEBCAST: Applying the Uniform Guidance for Federal Awards in Your Single Audits

9a-5p

$249 $319

11W180

Online Webcast, Internet

9/14/16

WEBCAST: Accounting and Auditing Update

1 p - 4:30 p

$159 $199

11W182

Online Webcast, Internet

9/15/16

WEBCAST: Preparation, Compilation, and Review Engagements Update

1p-5p

$159 $199

11W184

Online Webcast, Internet

9/16/16

SIMULCAST: Annual Update for Preparation, Compilation, and Review Engagements

8 a - 3:30 p

$285 $385

11WL04

LIVE- ONLINE WEBCAST, INTERNET

9/16/16

WEBCAST: Construction Contractors: Accounting, Auditing, and Tax

9a-5p

$249 $319

11W185

Online Webcast, Internet

9/16/16

WEBCAST: Fraud and Cash Receipts: Common Frauds and Internal Controls

1p-5p

$159 $199

11W186

Online Webcast, Internet

9/16/16

WEBCAST: Purchasing, Inventory, and Cash Disbursements: Common Frauds and Internal Controls

9 a - 12:30 p

$159 $199

11W187

Online Webcast, Internet

9/19/16

SIMULCAST: 2016 GOVERNMENT CONTRACTORS’ CONFERENCE

8 a - 4:30 p

$255 $355

11WC01

LIVE- ONLINE WEBCAST, INTERNET

9/20/16

WEBCAST: Identity Theft: Preventing, Detecting, and Investigating

9a-5p

$249 $319

11W192

Online Webcast, Internet

9/21/16

WEBCAST: Interpreting the New Revenue Recognition Standard: What All CPAs Need to Know

1p-5p

$159 $199

11W193

Online Webcast, Internet

9/22/16

WEBCAST: Analyzing a Company’s Financial Statement

1p-5p

$159 $199

11W194

Online Webcast, Internet

9/23/16

WEBCAST: Internal Control and COSO Essentials for Financial Managers, Accountants and Auditors

9a-5p

$249 $319

11W197

Online Webcast, Internet

9/26/16

WEBCAST: Internal Controls and Risk Assessment: Key Factors in a Successful Audit

10:30 a - 6:30 p

$249 $319

11W198

Online Webcast, Internet

9/29/16

WEBCAST: GASB Statement No. 68 Audit and Accounting Workshop

1p-5p

$159 $199

11W203

Online Webcast, Internet

9/30/16

WEBCAST: Audits of HUD-Assisted Projects

9a-1p

$159 $199

11W204

Online Webcast, Internet

9/30/16

WEBCAST: Recognizing and Responding to Fraud Risk in Governmental and Not-For-Profit Organizations

1p-5p

$159 $199

11W206

Online Webcast, Internet

MAY 2016

DATE

COURSE TITLE

CPE

TIME

ACCOUNTING & AUDITING (WEBCASTS), CONTINUED

MEMBER

NON-MEM EVENT ID

LOCATION

NON-MEM

10/5/16

SIMULCAST: Accounting and Auditing Current Developments (Accounting Update)

8 a - 3:30 p

$220 $320

11WL06

LIVE- ONLINE WEBCAST, INTERNET

10/5/16

WEBCAST: Applying the Risk Assessment Standards to Enhance Audit

1p-5p

$159 $199

11W207

Online Webcast, Internet

10/6/16

WEBCAST: Statement of Cash Flows: Preparation, Presentation, and Use

1p-5p

$159 $199

11W208

Online Webcast, Internet

10/7/16

WEBCAST: Audit Workpapers: Documenting Field Work

9a-1p

$159 $199

11W209

Online Webcast, Internet

10/7/16

WEBCAST: Audit Workpapers: Reviewing Field Work

1p-5p

$159 $199

11W210

Online Webcast, Internet

10/7/16

WEBCAST: Identity Theft: Preventing, Detecting, and Investigating

9a-5p

$249 $319

11W211

Online Webcast, Internet

10/10/16

WEBCAST: Not-for-Profit Accounting and Auditing Update

2:30 p - 6:30 p

$159 $199

11W212

Online Webcast, Internet

10/10/16

WEBCAST: Revenue Recognition: Mastering the New FASB Requirements

10:30 a - 6:30 p

$249 $319

11W213

Online Webcast, Internet

10/10/16

WEBCAST: Yellow Book Financial Audits

10:30 a - 2:30 p

$159 $199

11W214

Online Webcast, Internet

BU SI N ESS & I ND US T RY ( WE B C A S TS ) 5/11/16

WEBCAST: The Eight Hour MBA

8a-4p

$245 $245

17W252

Online Webcast, Internet

5/12/16

WEBCAST: Ethics for the Industry Accountant- Frank Ryan, CPA

9 a - 12:30 p

$125 $125

17W251

Online Webcast, Internet

5/13/16

SIMULCAST: 2016 BUSINESS AND INDUSTRY CONFERENCE

8a-3p

$345 $445

17W442

LIVE- ONLINE WEBCAST, INTERNET

5/16/16

SIMULCAST: 2016 EMPLOYEE BENEFIT PLAN CONFERENCE

8 a - 4:30 p

$300 $400

17W444

LIVE- ONLINE WEBCAST, INTERNET

5/16/16

WEBCAST: Identity Theft: Preventing, Detecting, and Investigating

10:30 a - 6:30 p

$249 $319

11W010

Online Webcast, Internet

5/25/16

SIMULCAST: BLI Thought Leader Series: The Millennial Generation and the Future of Business with Jamie Notter

9 a - 12:30 p

$195 $295

17W209

Online Webcast, Internet

5/27/16

WEBCAST: Controller’s Update: Today’s Latest Trends

9a-1p

$159 $199

11W030

Online Webcast, Internet

5/31/16

WEBCAST: Analyzing a Company’s Financial Statement

1p-5p

$159 $199

11W032

Online Webcast, Internet

5/31/16

WEBCAST: Not-for-Profit Accounting & Reporting: From Start to Finish

9a-5p

$249 $319

11W033

Online Webcast, Internet

6/1/16

WEBCAST: Lean Management in a Lean Economy

3p-5p

$79 $79

17W255

Online Webcast, Internet

6/7/16

WEBCAST: Identity Theft: Preventing, Detecting, and Investigating

9a-5p

$249 $319

11W042

Online Webcast, Internet

6/11/16

WEBCAST: Accounting and Auditing Update

1 p - 4:30 p

$159 $199

11W024

Online Webcast, Internet

6/13/16

WEBCAST: Ethics, Critical Thinking and Fraud

9 a - 12:30 p

$125 $125

17W253

Online Webcast, Internet

6/16/16

WEBCAST: Analyzing a Company’s Financial Statement

1p-5p

$159 $199

11W054

Online Webcast, Internet

6/20/16

WEBCAST: Controller’s Update: Today’s Latest Trends

1p-5p

$159 $199

11W060

Online Webcast, Internet

6/21/16

WEBCAST: Form 990: Mastering Its Unique Characteristics

9a-5p

$249 $319

11W067

Online Webcast, Internet

6/23/16

WEBCAST: Accounting and Auditing Update

1 p - 4:30 p

$159 $199

11W069

Online Webcast, Internet

STATEMENT

SECU is right for your Small Business. We have the expertise and resources that are right for you. Your SECU Business Relationship team is flexible and responsive to your needs. We will work with you to improve your cash flow and grow your business! Not only do we offer very competitive rates and terms; we are local—so we understand the Maryland economy, and how it affects your industry, and your bottom line. We are committed to becoming your trusted banking partner and take great personal interest in your success. Because when you do well, we do well.

Take your business banking in a different direction with SECU. Charlene Kurland

Business Relationship Banker

Click secumd.org/business Email SmallBizIsBig@secumd.com Call 443-517-5045 Business Checking, Savings, and Money Market Accounts • CDs • Online Banking and Remote Deposit Business Lines of Credit • Commercial Mortgages • SBA and Term Loans • Employee Programs and Services Federally insured by NCUA

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DATE

COURSE TITLE

CPE

TIME

BUSINESS & INDUSTRY (WEBCASTS), CONTINUED

MEMBER

NON-MEM EVENT ID

LOCATION

NON-MEM

6/24/16

WEBCAST: Not-for-Profit Accounting & Reporting: From Start to Finish

9a-5p

$249 $319

11W073

Online Webcast, Internet

6/24/16

WEBCAST: Revenue Recognition: Mastering the New FASB Requirements

9a-5p

$249 $319

11W074

Online Webcast, Internet

6/28/16

WEBCAST: Statement of Cash Flows: Preparation, Presentation, and Use

1p-5p

$159 $199

11W081

Online Webcast, Internet

7/8/16

WEBCAST: Identity Theft: Preventing, Detecting, and Investigating

9a-5p

$249 $319

11W092

Online Webcast, Internet

7/12/16

WEBCAST: Adobe Acrobat Best Practices

10 a - 12 p

$75 $90

17W258

Online Webcast, Internet

7/18/16

WEBCAST: Controller’s Update: Today’s Latest Trends

10:30 a - 2:30 p

$159 $199

11W102

Online Webcast, Internet

7/18/16

WEBCAST: Not-for-Profit Accounting & Reporting: From Start to Finish

10:30 a - 6:30 p

$249 $319

11W103

Online Webcast, Internet

7/19/16

WEBCAST: Ethics for the Industry Accountant- Frank Ryan, CPA

10 a - 2 p

$110 $140

17W001

Online Webcast, Internet

7/19/16

WEBCAST: Form 990: Mastering Its Unique Characteristics

9a-5p

$249 $319

11W104

Online Webcast, Internet

7/20/16

WEBCAST: Accounting and Auditing Update

1 p - 4:30 p

$159 $199

11W107

Online Webcast, Internet

7/25/16

WEBCAST: Analyzing a Company’s Financial Statement

10:30 a - 2:30 p

$159 $199

11W113

Online Webcast, Internet

7/29/16

WEBCAST: Statement of Cash Flows: Preparation, Presentation, and Use

1p-5p

$159 $199

11W125

Online Webcast, Internet

8/2/16

WEBCAST: Form 990: Mastering Its Unique Characteristics

9a-5p

$249 $319

11W126

Online Webcast, Internet

8/9/16

WEBCAST: Excel Power User - Automating with Macros (Part 1)

8 a - 10 a

$75 $90

17W259

Online Webcast, Internet

8/9/16

WEBCAST: Revenue Recognition: Mastering the New FASB Requirements

9a-5p

$249 $319

11W133

Online Webcast, Internet

8/11/16

WEBCAST: Statement of Cash Flows: Preparation, Presentation, and Use

1p-5p

$159 $199

11W136

Online Webcast, Internet

8/12/16

WEBCAST: Controller’s Update: Today’s Latest Trends

9a-1p

$159 $199

11W137

Online Webcast, Internet

8/15/16

SIMULCAST: Employment Law Update: Key Risks and Recent Trends

8 a - 3:30 p

$285 $385

11WL02

LIVE- ONLINE WEBCAST, INTERNET

8/16/16

SIMULCAST: Revenue Recognition: Mastering the New FASB Requirements

8 a - 3:30 p

$285 $385

11WL03

LIVE- ONLINE WEBCAST, INTERNET

8/16/16

WEBCAST: Not-for-Profit Accounting & Reporting: From Start to Finish

9a-5p

$249 $319

11W140

Online Webcast, Internet

8/18/16

WEBCAST: Accounting and Auditing Update

1 p - 4:30 p

$159 $199

11W143

Online Webcast, Internet

8/22/16

WEBCAST: Identity Theft: Preventing, Detecting, and Investigating

10:30 a - 6:30 p

$249 $319

11W151

Online Webcast, Internet

8/24/16

WEBCAST: Analyzing a Company’s Financial Statement

1p-5p

$159 $199

11W152

Online Webcast, Internet

8/24/16

WEBCAST: Ethics, Critical Thinking and Fraud

10 a - 2 p

$110 $140

17W005

Online Webcast, Internet

8/24/16

WEBCAST: The Eight Hour MBA

9a-5a

$245 $345

17W008

Online Webcast, Internet

9/1/16

WEBCAST: Statement of Cash Flows: Preparation, Presentation, and Use

1p-5p

$159 $199

11W168

Online Webcast, Internet

9/2/16

WEBCAST: Not-for-Profit Accounting & Reporting: From Start to Finish

9a-5p

$249 $319

11W171

Online Webcast, Internet

9/6/16

WEBCAST: Microsoft Outlook and Word 2010: Productivity Tips and Tricks

3p-5p

$75 $90

17W261

Online Webcast, Internet

STATEMENT

DATE

COURSE TITLE

CPE

TIME

BUSINESS & INDUSTRY (WEBCASTS), CONTINUED

MEMBER

EVENT ID

LOCATION

NON-MEM

9/8/16

WEBCAST: Ethics for the Industry Accountant- Frank Ryan, CPA

1p-5p

$110 $140

17W009

Online Webcast, Internet

9/12/16

WEBCAST: Form 990: Mastering Its Unique Characteristics

10:30 a - 6:30 p

$249 $319

11W177

Online Webcast, Internet

9/14/16

WEBCAST: Accounting and Auditing Update

1 p - 4:30 p

$159 $199

11W182

Online Webcast, Internet

9/19/16

SIMULCAST: 2016 GOVERNMENT CONTRACTORS’ CONFERENCE

8 a - 4:30 p

$255 $355

11WC01

LIVE- ONLINE WEBCAST, INTERNET

9/20/16

WEBCAST: Controller’s Update: Today’s Latest Trends

1p-5p

$159 $199

11W191

Online Webcast, Internet

9/20/16

WEBCAST: Identity Theft: Preventing, Detecting, and Investigating

9a-5p

$249 $319

11W192

Online Webcast, Internet

9/22/16

SIMULCAST: 47th ANNUAL CHESAPEAKE TAX CONFERENCE

8a-5p

$285 $385

21WC02

LIVE- ONLINE WEBCAST, INTERNET

9/22/16

WEBCAST: Analyzing a Company’s Financial Statement

1p-5p

$159 $199

11W194

Online Webcast, Internet

9/22/16

WEBCAST: Ethics: It’s Not Just What You Do, But How You Do It!

10 a - 2 p

$110 $140

17W103

Online Webcast, Internet

9/27/16

WEBCAST: From Technical Expert to Financial Leader: How to Make a Critical Leap in Your Career Development

12 p - 2 p

$75 $90

17W101

Online Webcast, Internet

10/3/16

WEBCAST: Adobe Acrobat Best Practices

10 a - 12 p

$75 $90

17W263

Online Webcast, Internet

10/4/16

WEBCAST: Ethics, Critical Thinking and Fraud

11:30 a - 3:30 a

$110 $140

17W105

Online Webcast, Internet

10/5/16

SIMULCAST: Accounting and Auditing Current Developments (Accounting Update)

8 a - 3:30 p

$220 $320

11WL06

LIVE- ONLINE WEBCAST, INTERNET

10/6/16

WEBCAST: Performance, Productivity and Profit: Creating the Higher Energy Organization

12 p - 3 p

$95 $120

17W106

Online Webcast, Internet

10/6/16

WEBCAST: Statement of Cash Flows: Preparation, Presentation, and Use

1p-5p

$159 $199

11W208

Online Webcast, Internet

10/7/16

WEBCAST: Identity Theft: Preventing, Detecting, and Investigating

9a-5p

$249 $319

11W211

Online Webcast, Internet

10/10/16

WEBCAST: From Technical Expert to Financial Leader: How to Make a Critical Leap in Your Career Development

2p-4p

$75 $90

17W107

Online Webcast, Internet

10/10/16

WEBCAST: Revenue Recognition: Mastering the New FASB Requirements

10:30 a - 6:30 p

$249 $319

11W213

Online Webcast, Internet

BVLS ( W EB C A S T S ) 5/5/16

WEBCAST: The CPA’s Role in Buying or Selling a Business

1p-5p

$159 $199

11W003

Online Webcast, Internet

6/22/16

WEBCAST: The CPA’s Role in Buying or Selling a Business

1p-5p

$159 $199

11W068

Online Webcast, Internet

7/14/16

WEBCAST: The CPA’s Role in Buying or Selling a Business

1p-5p

$159 $199

11W096

Online Webcast, Internet

8/17/16

WEBCAST: The CPA’s Role in Buying or Selling a Business

1p-5p

$159 $199

11W142

Online Webcast, Internet

9/22/16

WEBCAST: The CPA’s Role in Buying or Selling a Business

1p-5p

$159 $199

11W195

Online Webcast, Internet

$300 $400

17W444

LIVE- ONLINE WEBCAST, INTERNET

E MPLO Y E E B E N E F I T S ( W E B C ASTS ) 5/16/16

SIMULCAST: 2016 EMPLOYEE BENEFIT PLAN CONFERENCE

MAY 2016

8 a - 4:30 p

DATE

COURSE TITLE

CPE

TIME

MEMBER

EVENT ID

LOCATION

NON-MEM

EMPLOYEE BENEFITS (WEBCASTS), CONTINUED 6/21/16

WEBCAST: Audits of 401(k) Plans

9a-5p

$249 $319

11W037

Online Webcast, Internet

7/11/16

WEBCAST: Audits of 401(k) Plans

10:30 a - 6:30 p

$249 $319

11W093

Online Webcast, Internet

8/9/16

WEBCAST: Audits of 401(k) Plans

9a-5p

$249 $319

11W132

Online Webcast, Internet

ETH I C S ( W EB CAS T S ) 5/4/16

WEBCAST: Ethics in Practice: AICPA Code and Real Life Applications

1p-3p

$99 $129

11W300

Online Webcast, Internet

5/12/16

WEBCAST: Ethics for the Industry Accountant- Frank Ryan, CPA

9 a - 12:30 p

$125 $125

17W251

Online Webcast, Internet

6/13/16

WEBCAST: Ethics, Critical Thinking and Fraud

9 a - 12:30 p

$125 $125

17W253

Online Webcast, Internet

7/19/16

WEBCAST: Ethics for the Industry Accountant- Frank Ryan, CPA

10 a - 2 p

$110 $140

17W001

Online Webcast, Internet

8/24/16

WEBCAST: Ethics, Critical Thinking and Fraud

10 a - 2 p

$110 $140

17W005

Online Webcast, Internet

9/8/16

WEBCAST: Ethics for the Industry Accountant- Frank Ryan, CPA

1p-5p

$110 $140

17W009

Online Webcast, Internet

9/22/16

WEBCAST: Ethics: It’s Not Just What You Do, But How You Do It!

10 a - 2 p

$110 $140

17W103

Online Webcast, Internet

10/4/16

WEBCAST: Ethics, Critical Thinking and Fraud

11:30 a - 3:30 a

$110 $140

17W105

Online Webcast, Internet

It’s not about climbing the ladder. It’s about serving your team, your organization, and yourself. It’s about being a CPA who can lead well.

LEADERSHIP ACADEMY Fostering CPAs’ leadership and strategic skills to move careers forward, faster.

AUGUST 24-26 2016 In the fast-approaching future, successful CPAs must be leaders. Leadership Academy is the starting point for unlocking the full potential in the profession’s best and brightest young CPAs. This three-day event is cited by past participants as a transformative boost to their careers.

CPE: Up to 20 credits • Event ID: 371001 • Towson • 8:00 am

BLIonline.org/LeadershipAcademy

STATEMENT

DATE

COURSE TITLE

CPE

TIME

MEMBER

EVENT ID

LOCATION

NON-MEM

FINANCIAL PLANNING (WEBCASTS)

FIN A N C I A L PL AN N I N G ( W E B C A S TS ) 6/6/16

WEBCAST: PFP Boot Camp: PFP Fundamentals & Professional Responsibilities

10:30 a - 1 p

$139 $179

11W040

Online Webcast, Internet

6/6/16

WEBCAST: PFP Boot Camp: Time Value of Money Concepts and Calculations

1:30 p - 3 p

$99 $129

11W041

Online Webcast, Internet

6/9/16

SIMULCAST: The Complete Guide to Maryland Death Taxation

8 a - 3:30 p

$295 $395

17W007

LIVE- ONLINE WEBCAST, INTERNET

6/13/16

WEBCAST: PFP Boot Camp: Estate and Charitable Planning

1:30 p - 4 p

$139 $179

11W049

Online Webcast, Internet

6/13/16

WEBCAST: PFP Boot Camp: Income Tax Planning

10:30 a - 1 p

$139 $179

11W050

Online Webcast, Internet

6/20/16

WEBCAST: PFP Boot Camp: Investment Planning

1:30 p - 4 p

$139 $179

11W062

Online Webcast, Internet

6/20/16

WEBCAST: PFP Boot Camp: Retirement Planning and Employee Benefits

10:30 a - 1 p

$139 $179

11W063

Online Webcast, Internet

6/27/16

WEBCAST: PFP Boot Camp: Insurance Planning

10:30 a - 1 p

$139 $179

11W078

Online Webcast, Internet

9/19/16

SIMULCAST: A Practical Guide to Trusts

8 a - 3:30 p

$285 $385

11WL05

LIVE- ONLINE WEBCAST, INTERNET

G OV E R N M EN T / N O T- F O R - P R O F IT ( WEBCA S TS ) 5/23/16

WEBCAST: Yellow Book Financial Audits

9a-1p

$159 $199

11W031

Online Webcast, Internet

6/3/16

SIMULCAST: 2016 ACCOUNTING EDUCATORS CONFERENCE

8:30 a - 4:30 p

$120 $220

17W445

LIVE- ONLINE WEBCAST, INTERNET

6/8/16

SIMULCAST: Yellow Book: Government Auditing Standards

8 a - 3:30 p

$285 $385

11WL00

LIVE- ONLINE WEBCAST, INTERNET

6/15/16

SIMULCAST: Accounting and Reporting for Not-forProfit Organizations

8 a - 3:30 p

$285 $385

11WL01

LIVE- ONLINE WEBCAST, INTERNET

6/15/16

WEBCAST: Yellow Book Financial Audits

1p-5p

$159 $199

11W346

Online Webcast, Internet

7/5/16

WEBCAST: Yellow Book Financial Audits

9a-1p

$159 $199

11W087

Online Webcast, Internet

8/2/16

WEBCAST: Yellow Book Financial Audits

9a-1p

$159 $199

11W128

Online Webcast, Internet

8/15/16

SIMULCAST: Employment Law Update: Key Risks and Recent Trends

8 a - 3:30 p

$285 $385

11WL02

LIVE- ONLINE WEBCAST, INTERNET

9/6/16

WEBCAST: Yellow Book Financial Audits

9a-1p

$159 $199

11W173

Online Webcast, Internet

10/10/16

WEBCAST: Yellow Book Financial Audits

10:30 a - 2:30 p

$159 $199

11W214

Online Webcast, Internet

$255 $355

11WC01

LIVE- ONLINE WEBCAST, INTERNET

$245 $245

17W252

Online Webcast, Internet

G OV E R N M EN T C O N T R AC T I N G ( WEB CA S TS ) 9/19/16

SIMULCAST: 2016 GOVERNMENT CONTRACTORSâ&#x20AC;&#x2122; CONFERENCE

8 a - 4:30 p

MA N A G EM E N T & L E AD E R S H I P ( WEB CA S TS ) 5/11/16

WEBCAST: The Eight Hour MBA

MAY 2016

8a-4p

DATE

COURSE TITLE

CPE

TIME

MANAGEMENT & LEADERSHIP (WEBCASTS), CONTINUED

MEMBER

EVENT ID

LOCATION

NON-MEM

5/13/16

SIMULCAST: 2016 BUSINESS AND INDUSTRY CONFERENCE

8a-3p

$345 $445

17W442

LIVE- ONLINE WEBCAST, INTERNET

5/20/16

SIMULCAST: Spring Town Hall 2016

8:30 a - 12 p

$0 $250

14W001

LIVE- ONLINE WEBCAST, INTERNET

5/25/16

SIMULCAST: BLI Thought Leader Series: The Millennial Generation and the Future of Business with Jamie Notter

9 a - 12:30 p

$195 $295

17W209

Online Webcast, Internet

5/31/16

WEBCAST: Risk, Cost, and Cash Management for Controllers and Financial Managers

9a-1p

$159 $199

11W034

Online Webcast, Internet

6/1/16

WEBCAST: Lean Management in a Lean Economy

3p-5p

$79 $79

17W255

Online Webcast, Internet

6/17/16

WEBCAST: Slaying the Energy Vampires - And Boosting Your Performance

12 p - 2 p

$79 $79

17W254

Online Webcast, Internet

6/29/16

WEBCAST: Risk, Cost, and Cash Management for Controllers and Financial Managers

1p-5p

$159 $199

11W083

Online Webcast, Internet

7/12/16

WEBCAST: Listening For Leaders: Ask the Question, Discover the Need, Win the Trust

11 a - 3 p

$110 $140

17W000

Online Webcast, Internet

7/25/16

WEBCAST: Risk, Cost, and Cash Management for Controllers and Financial Managers

2:30 p - 6:30 p

$159 $199

11W115

Online Webcast, Internet

8/24/16

WEBCAST: The Eight Hour MBA

9a-5a

$245 $345

17W008

Online Webcast, Internet

8/31/16

WEBCAST: Risk, Cost, and Cash Management for Controllers and Financial Managers

1p-5p

$159 $199

11W167

Online Webcast, Internet

9/19/16

WEBCAST: Risk, Cost, and Cash Management for Controllers and Financial Managers

10:30 a - 2:30 p

$159 $199

11W188

Online Webcast, Internet

9/27/16

WEBCAST: Personality Styles in the Workplace

12 p - 3 p

$95 $120

17W102

Online Webcast, Internet

9/27/16

WEBCAST: From Technical Expert to Financial Leader: How to Make a Critical Leap in Your Career Development

12 p - 2 p

$75 $90

17W101

Online Webcast, Internet

10/6/16

WEBCAST: Performance, Productivity and Profit: Creating the Higher Energy Organization

12 p - 3 p

$95 $120

17W106

Online Webcast, Internet

10/10/16

WEBCAST: From Technical Expert to Financial Leader: How to Make a Critical Leap in Your Career Development

2p-4p

$75 $90

17W107

Online Webcast, Internet

S P EC I A L I ZED K N O WL E D G E ( WEBCA S TS ) 5/19/16

WEBCAST: Using Microsoft OneNote as a MAP Handbook Tool

2p-4p

$99 $129

11W356

Online Webcast, Internet

5/23/16

WEBCAST: Cloud Systems - Is My Data Safe and Secure?

2p-3p

$59 $69

11W357

Online Webcast, Internet

5/26/16

WEBCAST: KPI Dashboards - The New Financial Reporting Model

10 a - 12 p

$99 $129

11W359

Online Webcast, Internet

6/3/16

SIMULCAST: 2016 ACCOUNTING EDUCATORS CONFERENCE

8:30 a - 4:30 p

$120 $220

17W445

LIVE- ONLINE WEBCAST, INTERNET

6/21/16

SIMULCAST: Spring Town Hall 2016 and Annual Meeting

8:30 a - 12 p

$0 $250

17W004

LIVE- ONLINE WEBCAST, INTERNET

8/9/16

WEBCAST: Excel Power User - Automating with Macros (Part 1)

8 a - 10 a

$75 $90

17W259

Online Webcast, Internet

1p-5p

$159 $199

11W003

Online Webcast, Internet

TAX (W E B C A S T S ) 5/5/16

WEBCAST: The CPAâ&#x20AC;&#x2122;s Role in Buying or Selling a Business

STATEMENT

DATE

COURSE TITLE

CPE

TIME

MEMBER

EVENT ID

LOCATION

NON-MEM

TAX (WEBCASTS), CONTINUED 5/6/16

WEBCAST: Basis/Distributions for Pass-Through Entities: Simplifying the Complexities

9a-5p

$249 $319

11W004

Online Webcast, Internet

5/9/16

WEBCAST: Construction Contractors: Accounting, Auditing, and Tax

10:30 a - 6:30 p

$249 $319

11W005

Online Webcast, Internet

5/9/16

WEBCAST: Individual Tax Fundamentals

10:30 a - 6:30 p

$249 $319

11W348

Online Webcast, Internet

5/10/16

WEBCAST: S Corporation Fundamentals

9a-5p

$249 $319

11W350

Online Webcast, Internet

5/16/16

SIMULCAST: 2016 EMPLOYEE BENEFIT PLAN CONFERENCE

8 a - 4:30 p

$300 $400

17W444

LIVE- ONLINE WEBCAST, INTERNET

5/18/16

WEBCAST: Social Security and Medicare: Maximizing Retirement Benefits

1p-5p

$159 $199

11W015

Online Webcast, Internet

5/24/16

WEBCAST: Best Practices for Payroll Taxes and 1099 Issues

9a-5p

$249 $319

11W023

Online Webcast, Internet

5/27/16

WEBCAST: IRS Audits

1p-5p

$159 $199

11W360

Online Webcast, Internet

6/6/16

WEBCAST: Basis/Distributions for Pass-Through Entities: Simplifying the Complexities

10:30 a - 6:30 p

$249 $319

11W038

Online Webcast, Internet

6/9/16

SIMULCAST: The Complete Guide to Maryland Death Taxation

8 a - 3:30 p

$295 $395

17W007

LIVE- ONLINE WEBCAST, INTERNET

6/13/16

WEBCAST: PFP Boot Camp: Estate and Charitable Planning

1:30 p - 4 p

$139 $179

11W049

Online Webcast, Internet

6/13/16

WEBCAST: PFP Boot Camp: Income Tax Planning

10:30 a - 1 p

$139 $179

11W050

Online Webcast, Internet

6/17/16

WEBCAST: Affordable Care Act: Tax and Insurance Ramifications

1p-5p

$159 $199

11W057

Online Webcast, Internet

6/17/16

WEBCAST: Social Security and Medicare: Maximizing Retirement Benefits

9a-1p

$159 $199

11W059

Online Webcast, Internet

6/20/16

WEBCAST: PFP Boot Camp: Retirement Planning and Employee Benefits

10:30 a - 1 p

$139 $179

11W063

Online Webcast, Internet

6/21/16

WEBCAST: Form 990: Mastering Its Unique Characteristics

9a-5p

$249 $319

11W067

Online Webcast, Internet

6/22/16

WEBCAST: The CPA’s Role in Buying or Selling a Business

1p-5p

$159 $199

11W068

Online Webcast, Internet

6/27/16

WEBCAST: Best Practices for Payroll Taxes and 1099 Issues

10:30 a - 6:30 p

$249 $319

11W075

Online Webcast, Internet

6/28/16

WEBCAST: Construction Contractors: Accounting, Auditing, and Tax

9a-5p

$249 $319

11W064

Online Webcast, Internet

6/30/16

WEBCAST: Social Security and Medicare: Maximizing Retirement Benefits

1p-5p

$159 $199

11W086

Online Webcast, Internet

7/8/16

WEBCAST: Construction Contractors: Accounting, Auditing, and Tax

9a-5p

$249 $319

11W091

Online Webcast, Internet

7/14/16

WEBCAST: The CPA’s Role in Buying or Selling a Business

1p-5p

$159 $199

11W096

Online Webcast, Internet

7/15/16

WEBCAST: Best Practices for Payroll Taxes and 1099 Issues

9a-5p

$249 $319

11W099

Online Webcast, Internet

7/19/16

WEBCAST: Form 990: Mastering Its Unique Characteristics

9a-5p

$249 $319

11W104

Online Webcast, Internet

7/25/16

WEBCAST: Affordable Care Act: Tax and Insurance Ramifications

2:30 p - 6:30 p

$159 $199

11W114

Online Webcast, Internet

7/25/16

WEBCAST: Social Security and Medicare: Maximizing Retirement Benefits

10:30 a - 2:30 p

$159 $199

11W116

Online Webcast, Internet

7/26/16

WEBCAST: Basis/Distributions for Pass-Through Entities: Simplifying the Complexities

9a-5p

$249 $319

11W118

Online Webcast, Internet

8/2/16

WEBCAST: Form 990: Mastering Its Unique Characteristics

9a-5p

$249 $319

11W126

Online Webcast, Internet

STATEMENT

DATE

COURSE TITLE

CPE

TIME

MEMBER

EVENT ID

LOCATION

NON-MEM

TAX (WEBCASTS), CONTINUED 8/8/16

WEBCAST: Construction Contractors: Accounting, Auditing, and Tax

10:30 a - 6:30 p

$249 $319

11W131

Online Webcast, Internet

8/16/16

WEBCAST: Best Practices for Payroll Taxes and 1099 Issues

9a-5p

$249 $319

11W139

Online Webcast, Internet

8/17/16

WEBCAST: The CPA’s Role in Buying or Selling a Business

1p-5p

$159 $199

11W142

Online Webcast, Internet

8/18/16

WEBCAST: Affordable Care Act: Tax and Insurance Ramifications

1p-5p

$159 $199

11W144

Online Webcast, Internet

8/19/16

WEBCAST: Basis/Distributions for Pass-Through Entities: Simplifying the Complexities

9a-5p

$249 $319

11W147

Online Webcast, Internet

8/19/16

WEBCAST: Social Security and Medicare: Maximizing Retirement Benefits

1p-5p

$159 $199

11W148

Online Webcast, Internet

9/12/16

WEBCAST: Form 990: Mastering Its Unique Characteristics

10:30 a - 6:30 p

$249 $319

11W177

Online Webcast, Internet

9/13/16

WEBCAST: Social Security and Medicare: Maximizing Retirement Benefits

9a-1p

$159 $199

11W181

Online Webcast, Internet

9/16/16

WEBCAST: Construction Contractors: Accounting, Auditing, and Tax

9a-5p

$249 $319

11W185

Online Webcast, Internet

9/19/16

SIMULCAST: A Practical Guide to Trusts

8 a - 3:30 p

$285 $385

11WL05

LIVE- ONLINE WEBCAST, INTERNET

9/22/16

SIMULCAST: 47th ANNUAL CHESAPEAKE TAX CONFERENCE

8a-5p

$285 $385

21WC02

LIVE- ONLINE WEBCAST, INTERNET

9/22/16

WEBCAST: The CPA’s Role in Buying or Selling a Business

1p-5p

$159 $199

11W195

Online Webcast, Internet

9/23/16

WEBCAST: Basis/Distributions for Pass-Through Entities: Simplifying the Complexities

9a-5p

$249 $319

11W196

Online Webcast, Internet

9/28/16

WEBCAST:Affordable Care Act: Tax and Insurance Ramifications

1p-5p

$159 $199

11W202

Online Webcast, Internet

9/30/16

WEBCAST: Best Practices for Payroll Taxes and 1099 Issues

9a-5p

$249 $319

11W205

Online Webcast, Internet

TECH N OL OG Y ( W E B C AS T S ) 5/10/16

WEBCAST: Mastering Data Preparation and Analysis in Excel

11 a - 1 p

$99 $129

11W349

Online Webcast, Internet

5/11/16

WEBCAST: Spreadsheet Risk — Can You Eliminate It?

10 a - 12 p

$99 $129

11W352

Online Webcast, Internet

5/16/16

WEBCAST: 10 Steps to a Digital Office in the Cloud

2p-4p

$99 $129

11W354

Online Webcast, Internet

5/18/16

WEBCAST: MS PowerPoint - Create Presentations that Engage Your Audience

10 a - 12 p

$99 $129

11W355

Online Webcast, Internet

5/24/16

WEBCAST: Time to Get Serious About Information Security

10 a - 12 p

$99 $129

11W358

Online Webcast, Internet

7/12/16

WEBCAST: Adobe Acrobat Best Practices

10 a - 12 p

$75 $90

17W258

Online Webcast, Internet

9/6/16

WEBCAST: Microsoft Outlook and Word 2010: Productivity Tips and Tricks

3p-5p

$75 $90

17W261

Online Webcast, Internet

10/3/16

WEBCAST: Adobe Acrobat Best Practices

10 a - 12 p

$75 $90

17W263

Online Webcast, Internet

MAY 2016

MARYLAND ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS 901 Dulaney Valley Road, Suite 800 Towson, MD 21204 410.296.6250 | www.macpa.org

Real Estate Investment Sales Specialists Consultation ● Evaluation ● Disposition ADVISING LOCAL, REGIONAL, AND NATIONAL INVESTORS FOR DECADES!

CONTACT: Gary S. OLSCHANSKY golschansky@troutdaniel.com 443.921.9348 (direct)

30 E. Padonia Road, Suite 504 Timonium, MD 21093 410.435.4004