The WashingtonCPA November/December 2011 by Washington Society of CPAs

washington

CPA November/December 2011 Volume 54, Number 3

Getting and Keeping Your License

Earning Your First CPA License Top Technologies for Accountants Intangible Benefit Produces Tangible Results

www.wscpa.org

WashingtonCPA November/December 2011

www.wscpa.org

Contents

wa s h i n g t o n

CPA www.wscpa.org • memberservices@wscpa.org Tel (425) 644-4800 • Toll free in WA (800) 272-8273 Fax (425) 562-8853 902 140th Ave NE Bellevue, WA 98005-3480

BOARD OF DIRECTORS Mark A. Hugh Chair Mary D. Marino Vice Chair Randy L. Wells Secretary Lucy L. Liu Treasurer James R. Ladd Immediate Past Chair Richard E. Jones President & CEO

Peter E. Doubleday Sharon K. Philpott Joyce G. Etheridge Russell D. Price Waylon P. Jones Rosemary Sanchez Karissa A. Lackey Lisa J. Sunderman Susan E. Legel David E. Trujillo Peter R. E. Miller William L. Wells David J. Miniken Glenn G. Wisegarver Nerelys M. Ortiz CHAPTER BOARD CHAIRS Waylon P. Jones Bellevue Area Joseph W. Crowther Central Joseph M. Reid Central — North Seattle Jack W. Curnow Northwest Kathryn A. Dixon Olympia — Peninsula — Pierce County Mary H. Hawkins Sammamish Valley Connie L. Griffith Seattle H. Court Carter Snohomish County Michael K. Briggs South King County John Vogel South Sound Industry Trayson J. Harmon Southwest Lucas M. Zarecor Spokane — Wenatchee Katrina L. Cantu Yakima

Jeanette Kebede

Editor

Getting and Keeping Your License 6

Earning Your First CPA License

Keeping Your CPA License

Intangible Benefit Produces Tangible Results

Watching Paint Dry ... and Advocacy

Top Technologies for Accountants

15 Tech Tip: Tracking QuickBooks Inventory in Multiple Warehouses

The WashingtonCPA is published by the Washington Society of Certified Public Accountants for its members. Views and opinions appearing in this publication are not necessarily endorsed by the WSCPA.

The products and services advertised in The Washington CPA have not been reviewed or endorsed by the Washington Society of Certified Public Accountants, its board of directors or staff.

20 Managing Shipping Charges: Get to 100 Cost Allocation

The WashingtonCPA (USPS 009754) is published six times annually by the Washington Society of Certified Public Accountants, 902 140th Avenue NE, Bellevue, WA 98005-3480. $12 of members’ annual dues goes toward a subscription to The WashingtonCPA.

Departments

Periodicals postage paid at Bellevue, Washington and additional mailing offices. Photos by veer.com, gettyimages.com, istockphoto.com.

Exciting Time for Washington CPA Foundation

Leadership Lens

Financial Literacy

News Briefs

CPE Digest

12 Advocacy

25 Conferences

Send address changes to The WashingtonCPA,

Industry Voice

Registration Form

c/o WSCPA, 902 140th Avenue NE, Bellevue, WA

Washington CPA Foundation

Classified Ads

98005-3480.

22 Events

Profile

POSTMASTER:

www.wscpa.org

WashingtonCPA November/December 2011

www.wscpa.org

Leadership lens

Intangible Benet Produces Tangible Results By Mark Hugh, CPA,WSCPA Chair for 2011-12

t’s the preseason and time to prepare for the regular season. Not the holiday season, not busy season, not baseball season, but for legislative season, the annual convening of Washington State’s elected representatives. The WSCPA is at its core an advocacy and networking organization. Networking happens all year round, but fall is the preseason for advocacy. So it’s time to start preparing for the hard work that comes in winter. And with the Legislature convening in November for a special session to deal with a surprise mid-year $2 billion budget deficit, the regular season will be here sooner than it’s ever been in recent history, and with the stakes higher than ever before. While advocacy is one of the most important member benefits of the WSCPA, at the same time, it can be the most intangible. The first intangible is that in the case of the greatest victory and the hardest work, it often appears that nothing has happened. For example, the WSCPA recently was instrumental in preventing a merger of the Washington State Board of Accountancy, our regulator, into a much larger government agency 100 times its size. A merger would not only have reduced the state Board’s ability to understand accounting issues affecting the profession, but also degraded its customer service to our members and reduced its effectiveness at consumer protection. Nothing happened, but that nothing happened only because the WSCPA and its members worked very hard to ensure nothing happened.

www.wscpa.org

The second intangible is that even though often nothing appears to be happening, the activity to make sure nothing happens happens all the time. In 1993, the Legislature almost imposed the sales tax on professional services.The WSCPA and its members were instrumental in preventing this expansion of the tax base. Since that time the WSCPA has been constantly vigilant regarding sales tax on professional services. In 2010, before the last legislative session, several legislators and nonprofit organizations raised the idea again. And, it’s likely that it could come up in the next few months and years as the state attempts to resolve current and future budget deficits. Constant vigilance is required because this issue arises again and again. It will only be a dead issue in this state to the extent a zombie is dead. And zombies never die. So nothing appears to happen continually, but only because the WSCPA and its members are working constantly to make sure nothing continually happens. The third intangible is when something happens, it appears it would have happened anyway, so there’s no need to financially support it. The WSCPA is extraordinarily fortunate to have 10,000 loyal members, many of whom have supported its advocacy through dues for most of their professional career. Our own CPAPAC also contributes $80,000 to $90,000 in this state during each two-year election cycle. Our members deliver PAC checks in person to candidates, increasing the profession’s visibility and enhancing legislators’ understanding of the critical role CPAs play in preserving the state’s business climate.

Our PAC is politically non-partisan and contributes to candidates in both parties. However, the PAC is professionally partisan in that it contributes primarily to those that serve in key leadership positions or on committees with oversight of issues affecting CPAs. The advocacy efforts of the WSCPA and contributions from the PAC have made the WSCPA an influential and respected force in Olympia. However, while 10,000 of our members financially support the WSCPA’s advocacy efforts through dues, 400 – or 4% – of those members also financially support the PAC. Without those 400 members, the regulatory and business environment for the rest of the 9,600 of us would be far worse. As the weak economy continues through the next election cycle, there will be a continuing emphasis on regulation and finding new sources of tax revenues for government. It’s never been a more important time for more of those 9,600 loyal WSCPA members to also contribute to the CPAPAC. So, while advocacy appears intangible, it produces tangible results. By preventing larger bureaucracies, taxes that target our services, and more regulation, it prevents more complexity and economic harm in an already heavily regulated industry and difficult economy. Whether it’s stopping misguided ideas or promoting better ones, advocacy efforts are critical to all of our continuing success. You can contribute to the CPAPAC at www.wscpa.org (enter “CPAPAC” in the search box). You can contact Mark Hugh at mark@ markhugh.com.

WashingtonCPA November/December 2011

cover story

Earning Your First CPA License What are your new hires really facing while getting their initial CPA license? By Mark Peterson,WSCPA Academic and Student Relations Coordinator

f you are a licensed CPA, especially if you have had your license for more than 10 years, why would you want to read an article on earning your initial CPA license? Actually, there are plenty of reasons. It’s going to affect your future! Someday, you may be hiring your eventual replacement. Don’t you want to know that this person is someone that can take on the challenges of becoming a CPA? Aren’t you going to have a greater appreciation of this accomplishment if you know what steps this person has taken to reach this pinnacle of achievement? Next, the future of the CPA profession rests on the talent and knowledge pool of the new generation of CPAs. If you care at all about the CPA profession, you’ll need to know what the current licensure system requires of its licensees. Knowing about the licensure process also keeps you current on new developments in the CPA profession. There are a host of changes in store for the accounting profession. IFRS convergence and the Dodd-Frank Act are just the tip of the iceberg. If you want to stay on the cutting edge of the profession, keep current on what’s happening within the licensure process.

Learn more

To learn more about getting and keeping your CPA license, visit the Washington State Board of Accountancy website, www.cpaboard.wa.gov.

Whether you earned your initial CPA license years ago or are looking forward to doing so in the near future, earning that license is a major accomplishment. Being a CPA indicates that you are at the top of your chosen profession, the cream of the crop. As you are probably aware, accounting offers a relatively stable job market, regardless of the current state of the economy. It makes sense that record numbers of traditional and non-traditional students are checking into the option of becoming a licensed CPA. Perhaps you are one of those looking into the accounting profession; or you may have employees that are in the process of earning their license. The process of earning your CPA license in Washington is constantly evolving. The conditions under which you earned your CPA are probably very different than those faced by today’s aspiring accounting professionals. This begs the question, what exactly are the hurdles and obstacles to earning an initial CPA license in Washington?

WashingtonCPA November/December 2011

The Uniform CPA Exam

Naturally, the first obstacle to being granted that initial license is the CPA Exam. The structure, format, and even the timing of taking the CPA Exam have changed drastically over the past decade. Here are a few of the most significant changes: •

•

The CPA Exam changed to an all computerized format in 2004. No more pencil and paper exams are offered. Aspiring CPAs can now take the exam one section at a time at many different times of the year. Every three months constitutes a “testing window” in which the exam is offered on demand during the first two months of the testing window, with the third month being reserved for grading exams. The four sections of the CPA Exam are still Financial (FAR), Audit (AUD), Regulation (REG), www.wscpa.org

cover story

The process of earning your CPA license in Washington is constantly evolving. The conditions under which you earned your CPA are probably very different than those faced by today’s aspiring accounting professionals.

•

and Business Environment and Concepts (BEC). However, the time commitments for each section were adjusted as of January 1, 2011. FAR takes 4 hours; AUD – 4 hours; REG – 3 hours; BEC – 3 hours. A minimum score of 75 is required to pass each section of the exam. The format of the Simulation portions of the exam was changed at the beginning of 2011 as well. Instead of having the exam takers complete 2 or 3 comprehensive simulations, they now complete 6 or 7 specific task-based simulations. A writing component was added to the BEC section of the exam in the form of three written communication tasks. These were added to ensure that newly licensed CPAs can communicate clearly and effectively in a business setting.

AICPA Professional Ethics Exam

The next hurdle faced by aspiring CPAs is passing the AICPA Professional Ethics Exam. This self-study exam is very straightforward, consisting of multiple choice questions. Exam takers must score 90% or above to pass the Ethics Exam requirement.

Filing the Experience Affidavit

It seems that the most confusion exists around the Experience Affidavit required for licensure. As with the CPA Exam, many of the requirements associated with this process have changed recently. • •

2,000 hours of verified experience are required. Aspiring CPAs can go back as far as eight years to amass their 2,000 hours.

www.wscpa.org

•

Experience DOES NOT need to be gained under the direct supervision of a licensed CPA, and DOES NOT need to be accomplished while working at a public accounting firm. The experience affidavit must be verified by a CPA that has been licensed continuously in a United States jurisdiction for the past five years. The verifying CPA DOES NOT need to be licensed in the specific state in which the experience affidavit is being filed. The verifying CPA does not need to be someone the aspiring CPA has worked with. It can be an acquaintance, auditor or even a friend.

While the specific steps toward earning the initial CPA license have changed in the past decade, the road to a CPA license is still a difficult one. Employers need to provide the time and support needed for non-licensed new hires to pass the CPA Exam on their first try. This includes allowing time in their schedules to study for the Exam and assisting in covering the expense of an Exam Review Course. It’s an investment that will pay off in the long run! Note: WSCPA student members qualify for discounts on Exam Review Courses. Student Exam Passer members also enjoy a discount on the Professional Ethics Exam. Visit www.discovercpa.org for details. Mark Peterson can be reached at mpeterson@wscpa.org.

New score release timeline for cpa exam The AICPA recently announced some good news for CPA candidates. CPA Exam scores for U.S. candidates will be released earlier and on a more predictable schedule. Starting in the fourth quarter of 2011 the score release timeline will be as follows: Day in Testing Window*

Target Release Date Timeline

10 business days following day 20 of the testing window Day 21-45 5 business days following day 45 of the testing window Day 46 - Close of window 5 business days following the close of the testing window After close of window 5 business days after receiving all scoring data for the testing window Day 1-20

Target Q4’11 Score Release

November 3 November 21 December 7 TBA

* Records received by AICPA. Note: Some scores for the BEC section may be released in a subsequent release due to the written communication tasks. Source: AICPA WashingtonCPA November/December 2011

cover story

Keeping Your CPA License

Investigations A quick look at the “Investigations Statistics” section of the State Board’s website, the source for the charts on the next page, shows that the “Use of title or holding out in public practice with a lapsed license/certificate or no CPA firm license” is the second most frequent category, representing 15% of the total number of investigations. (The most frequent violations - 25% of the total – relate to CPE.) Retired CPAs

hether you are a new CPA or have been licensed for years, you are probably aware of the basic renewal and CPE requirements, but are you aware of the reasons that your license could be revoked or suspended? Do you know what will happen in the event you are selected for a CPE audit? Keeping your CPA license means more than just filing your renewal in a timely fashion, though it is important to meet your renewal deadline. While the Washington Society of CPAs is providing this information as a service to you and will answer any questions about the topics covered in this article, your official point of contact for all matters related to licensing and monitoring the professional performance and ethical behavior of CPAs in Washington State is the Washington State Board of Accountancyx(www.cpaboard.wa.gov). Contact the State Board by calling (360) 753-2586 or sending an e-mail to customerservice@cpaboard.wa.gov. (For information related to firm licensure or resident nonlicensee firm owner registration, visit www.cpaboard.wa.gov.)

License Renewal

Licensed CPAs and CPA-Inactive certificateholders must renew with the State Board by April 30 every three years. In order to renew, you must: (1) Complete the required CPE by December 31 the year prior to

the expiration of your license or certificate, and (2) Renew, pay the required renewal fee, and complete CPE certification online by April 30. If you miss the April 30 deadline, you will be charged a $100 late fee. CPAInactive certificates and individual CPA licenses not renewed or retired by June 30 will lapse and are subject to reinstatement. If your certificate or license lapses, you may not use the title CPA or CPAInactive or exercise privileges related to those titles. (See the Investigations sidebar for more important information related to use of the title.) Not sure when you need to renew? Check your license renewal date with the State Board’s Licensee Search tool. (At www.cpaboard.wa.gov, click “Find an Individual CPA” in the Licensee Search box.) A few months before your renewal is due (December-January), you will receive an e-mail reminder from the State Board. It’s a good idea to confirm the State Board has your correct e-mail address. Online CPA license renewal is conducted through CPAOnline, which is hosted by Secure Access Washington® (SAW). In order to renew, you will be required to set up a SAW account, and can use that account to do a number of tasks, such as update your mailing address or e-mail address with the State Board. (For details see the Online Renewal box on page 9.) You can download step-by-

WashingtonCPA November/December 2011

The Advocacy column of the September/October WashingtonCPA magazine noted that a joint WSCPA/State Board task force is working on a rule to define how retired CPAs may refer to themselves. During conversations with several retired WSCPA members who have called to express their support for this effort, it has become clear there is a fair amount of confusion about when/how CPA may or may not be used. Just a reminder: if you no longer have an active license, you may not have CPA associated with your name. You must remove CPA from business stationary, business cards, your signature line in any correspondence. More challenging to find and control and the place where many find themselves in violation - is anywhere CPA appears with your name on websites, electronic directories and social networking sites. Be sure you have made a good faith effort to change those and, to the extent possible, document those attempts. CPA-Inactive

This designation applies to a very specific group of people who held a valid certificate before July 1, 2001 and had all of their work experience outside of public accounting. No one else may use it, not even someone with an “inactive license” status from another state.

www.wscpa.org

cover story

Cases Investigated and Closed

2011

Administrative Failure to change address

Complaint Sources

2011

Agency oversight programs/Board initiated

46%

Clients

31%

Failure to respond to Board oversight/inquiries

Employer/Employee

Request for reinstatement of suspended license/certificate

Other CPAs

Code of Conduct

Media

Conflicts

Miscellaneous

Confidentiality

Anonymous

Failure to complete engagement

Federal, state, local or foreign jurisdiction

Failure to pay individual federal income taxes

Self-reported

Independence

Non-governmental professionally related standard-setting entity

Misrepresentations/fees Professional misconduct

Records retention

Noncompliance with technical standards including Quality Assurance Review

13%

Sanction/denial of practice privilege by a federal, state, local or foreign jurisdiction

Failure to substantiate CPE on audit

19%

Failure to substantiate CPE on renewal

Total

112

Competency

Sanction by non-governmental professionally related standard-setting entity Tax return errors CPE

Fraud Embezzlement

Theft

Conspiracy

Use of title or holding out in public practice with a lapsed license/certificate or no CPA firm license

15%

Total

112

Title Use Use of title or holding out in public practice by a nonCPA or non WA CPA Issuance or offering to issue audit, review, or compilation report by unauthorized individual

Case Results

2011

Closed via Board Order Fine/costs/other sanctions

39%

Reinstatement of suspended license/certificate

Practice restriction

Suspension

12%

Revocation

Administrative Sanctions Imposed

12%

Lack of evidence of violation

28%

Total

112

www.wscpa.org

ONLINE RENEWAL Download Step-By-Step Instructions

To renew your CPA license or CPA-Inactive certificate, download step-by-step instructions at: www.cpaboard.wa.gov/files/Detailed_ Instructions_w-pics.pdf This PDF will walk you through the process of registering with Secure Access Washington® (https://secureaccess.wa.gov) and renewing via the CPAOnline application registration page. What can I do on CPAOnline?

• Renew your license/certificate/registration • Change your contact information, including e-mail address • View pending online requests • Retire/dissolve your license/certificate/ registration • Print your license or validation card • Order a wall document replacement • File a name change

Source: www.cpaboard.wa.gov/ConsumerProtection/investigation_results_2011.shtml October 3, 2011 WashingtonCPA November/December 2011

cover story

still need cpe? Turn to the CPE Digest (page 24) or visit www.wscpa.org/cpe.

step instructions for setting up a SAW account and renewing your license at www.cpaboard.wa.gov/files/Detailed_ Instructions_w-pics.pdf.

CPE Requirements

CPE AUDIT: One CPA’s Experience The WashingtonCPA asked Trina Doty, CPA, CFE, to share her recent experience with a CPE audit. How did you learn that your individual CPE report would be audited?

I received an e-mail from the State Board of Accountancy. Is this the first time your CPE had been audited?

Yes.

What did you need to do? Was there a time limit?

I needed to provide a list of all the courses I’d taken for my last licensing period, including the CPE certificates. I was given three months to gather the information. How long did it take you to complete?

I logged onto the WSCPA website and was able to get my list of courses immediately. I printed any certificates I was missing. The most difficult part was gathering any certificates from courses I’d taken outside the WSCPA. All told, it probably took me an hour or so. Would you like to share anything else about this experience?

It was relatively painless because I’d always kept my CPE certificates from my courses. The State Board has a spreadsheet on their site that they recommend for tracking your CPE, but I created my own. Note: You can download the State Board’s optional CPE log at www.cpaboard.wa.gov/Forms/cpe_ worksheet.pdf.

To continue practicing in the state of Washington, licensed CPAs must complete a total of 120 CPE hours in each three-year reporting period, including four CPE credit hours in an approved Washington ethics and regulations course which covers the topics set forth in WAC 4-30-134(3). Make sure your ethics course is approved. When you file your renewal online you will need to select from a dropdown list of approved ethics courses. Before you take your ethics course, confirm that it is on the approved list at www.cpaboard.wa.gov/Certificate License/approved_ethics_courses.shtml. The 120 credit hours of CPE may include up to 24 CPE credit hours in nontechnical subject areas. If you are a CPA-Inactive certificateholder, your only CPE requirement is to complete four CPE credit hours in ethics. If you’re nearing the end of your CPE reporting period and you realize that you are not going to complete all 120 hours of CPE, be sure to notify the State Board in writing by December 31. If you are unable to complete the credits because of individual hardship (financial hardship, critical illness or active military deployment) the board may grant an extension. Your other option is to allow your license or certificate to lapse. Remember to retain CPE documentation for each program you attend for three years after the end of the CPE reporting period in which the credit was claimed. Though you need not file this documentation with your renewal, you must be able to supply this documentation in the event that you are randomly selected by the State Board for a CPE audit.

CPE Audits

Because CPE audits are conducted at random, not every licensed CPA will be required to undergo a CPE audit for a given reporting period. What does a CPE

WashingtonCPA November/December 2011

audit entail? The WashingtonCPA asked Trina Doty, CPA, CFE, the WSCPA’s Controller, to share her recent experience with a CPE audit. See the CPE Audit box (at left) to learn more.

Allegations, Investigations and Sanctions

What happens if a client or colleague questions your work? Can a client file a complaint against you if you make a minor tax error? What types of misconduct can get CPAs in trouble? If someone alleges that you made a technical error or an ethical or legal violation, the State Board, which has authority to investigate complaints filed against CPAs, will review the complaint and determine if an investigation is warranted. According to the State Board website, some of the most common complaints, including “minor tax errors” and “rudeness,” do not result in investigations. The Board does investigate complaints such as tax errors or failure to complete services, failure to return client records, disclosure of confidential information, and ethical violations. As of October 3, 2011, the State Board had completed and closed 112 investigations in 2011. See the Investigations box (page 9) for more information.

Practicing Across State Borders

The majority of U.S. states, including Washington, have adopted mobility legislation, which allows a licensed CPA from a substantially equivalent state to practice outside of his or her principal place of business without obtaining another license. Before practicing across borders, take a minute and visit www.cpa mobility.org, a new website that allows you, in four clicks, to learn whether you can work in other jurisdictions without additional notice, or whether further paperwork is required. If you have questions about getting or keeping your CPA license, contact WSCPA Member Services, (425) 644-4800 or (800) 272-8273, memberservices@wscpa.org. Source: www.cpaboard.wa.gov www.wscpa.org

news briefs

CPA Referral Service Easy Marketing for Your Firm We “tweet” your firm! Sign up today!

Renewing your license in 2012?

With tax season around the corner, now is a great time to enroll your firm in the WSCPA Find a CPA Referral Service and expand your client base. The public turns to the WSCPA Find a CPA Referral Service more during tax time than any other time of the year.

CPE DEADLINE - If your Individual CPA license, CPA-Inactive certificate, or non-licensee firm owner registration expires June 30, 2012, you must meet the State Board of Accountancy’s Continuing Professional Education (CPE) requirements by December 31, 2011 in order to qualify to renew. ONLINE RENEWAL - Effective January 1, 2010, you must renew your individual and/or firm license with the State Board of Accountancy online using CPAOnline. Download instructions for using CPAOnline here: www.cpaboard. wa.gov/files/Detailed_Instructions_w-pics.pdf.

For just $175 your firm is enrolled in this service through June 30, 2012. This service does far more than any ordinary phone book listing. Not only does this service make it easy for new clients to find your firm, but it also highlights the services and areas of expertise offered by your firm.

To learn more, visit the State Board website at www.cpaboard.wa.gov.

Special Member Discount from CCH

Save 25% on U. S. Master Tax Guide Order by December 31

The sooner you reserve your copy of the industry’s leading tax guide, the higher your discount—reserve your copy by December 31, 2011 and save 25% off the list price of $86.50. The WSCPA member price is just $66.38 plus tax and shipping. You will not be billed until after the book ships. (Cancel before shipment without charge.) The 2012 edition will contain timely and precise explanations of federal taxes for individuals, corporations, partnerships, estates and trusts. To order, visit http://tax.cchgroup.com/ members/wscpa [Click “Browse CCHGroup.com, select “Books” and search for “U.S. Master Tax Guide (2012)]. Enter your member discount number (Y5596) at checkout. www.wscpa.org

WSCPA Mailing List Policy The Society does not sell member e-mail or mailing addresses. Members may occasionally receive mail from the Society’s third-party affinity partners that offer products or services deemed to provide value to members. If you prefer to be excluded from these mailings, send a request to unsubscribe from thirdparty mailings to memberservices@ wscpa.org or call the Society at (425) 644-4800 or (800) 272-8273 (toll-free in Washington).

How does the service work? This service is marketed in directories statewide, online directories, and via Twitter and Facebook. Each firm in the referral service is promoted via social media to our followers. Hundreds of individuals and businesses statewide looking for CPAs visit this service at www.wscpa.org or call the Society to receive a list of participating CPAs based on services offered. A recent user of the CPA Referral Service said: “Very helpful. It was a quick and easy-to-use resource, which produced half-a-dozen suggested CPAs [in my area that met my desired service needs].”

What are the benefits? Consumers seeking a CPA will learn about your Member Admonishment firm’s services and contact information. On April 28, 2011, Terrence J. Dunne, Provides inexpensive, effective marketing CPA, of Spokane, Washington was for your firm. admonished by the American Institute of CPAs and the Washington Society of Questions? Call (425) 586-1142, or CPAs with respect to his performance of toll-free in Washington at (800) 272professional services in the audit of the 8273, Ext. 1142, or send an e-mail to financial statements of an SEC registrant. memberservices@wscpa.org. WashingtonCPA November/December 2011

advocacy

Watching Paint Dry ... and Advocacy By Judy Love,WSCPA Director of Advocacy

nyone who engages in advocacy efforts expecting quick results will have their patience sorely tested. Some issues seem to have the half-life of strontium 90 (IFRS, anyone?). The often lengthy and tedious processes rarely result in ideal outcomes, and they come long after the initial flurry of attention has died down and almost everyone has gone back to their day to day tasks. But the results are generally far more favorable – and rewarding – than they would have been without the steady presence of advocates for the profession. In addition to joint efforts with the AICPA to repeal the new and expanded Form 1099 reporting requirements and create exceptions for CPAs in the massive Dodd-Frank financial regulation bill, here are just a few of the advocacy efforts the WSCPA has engaged in to either promote or prevent changes to the laws and rules that affect your professional environment.

Tax Strategy Patents

Did you notice that Congress recently passed a comprehensive patent reform bill? Were you among a handful of people that knew the bill included a prohibition against patenting certain tax strategies? Or were you in the majority, those who did not know that 160 patents already exist, with 167 more pending? The AICPA and state societies have been working tirelessly on this issue for over five years. WSCPA members of AICPA Council, along with 500 CPAs from around the country, have discussed it with their states’ congressional delegations on three separate visits to Washington D.C. State societies have sent countless letters and made numerous phone calls to key Congressional offices to insure the prohibition against tax

strategy patents stayed in the bill, literally up to the final hours of debate in the Senate. This definitely counts in the “win” column.

IRS Registered Tax Preparer Program

This is one of those issues that, while the outcome is far from perfect, isn’t as bad as it could have been if the AICPA and state societies had not continued to push back on the IRS’ initial plan. The good news: CPAs are exempt from the test and separate education requirements. The not so good news: the IRS is still considering a fingerprinting requirement for non-signing, non-CPAs in a firm. (Stay tuned for the outcome of this tussle.) From the beginning, the profession has believed the “registered tax preparer” designation will create confusion in the market place. The AICPA is developing resources and media campaigns to make the distinction between CPAs who have passed a rigorous exam and those whose minimum requirements include having a high school diploma.

Increase in the B & O

Where’s the good news, you could well ask. In 2010 the legislature enacted a temporary .3% increase in the B & O, set to expire in 2013. The initial proposal, however, was a .5% increase to 2015, applied only to accountants, attorneys and some categories of public relations services. Due to the advocacy efforts of the WSCPA and others, the increase was for the lesser amount and shorter period, applied to a considerably broadened business base. This is one for the “could have been worse” column.

WashingtonCPA November/December 2011

Here are a few of the advocacy efforts the WSCPA has engaged in to either promote or prevent changes to the laws and rules that affect your professional environment.

CPA-Inactive

Even though this goes back 10 years, the CPA-Inactive designation is a perfect example of an imperfect outcome. It was a very uneasy compromise made with unlicensed accountants who pushed back on the CPA=CPA piece of the Uniform Accountancy Act. To this day, the designation continues to be the source of confusion and inadvertent misuse. (Please refer to page 9 for further information about the number of State Board investigations for violations in the “Use of title” category.) The WSCPA is your advocate in Olympia and, in partnership with the AICPA, in Washington D.C. Since there is never a shortage of issues facing the profession, please consider how you can enhance those advocacy efforts with your experience, perspective and connections. Sign up to be a Grassroots Volunteer, contribute to the CPA PAC, join a WSCPA committee. Contact Judy Love, Director of Advocacy at (425) 586-1130; (800) 2728273, Ext. 1130; jlove@wscpa.org.

www.wscpa.org

technology

Top Technologies for Accountants By William C. Fleenor, CPA, Ph.D. Member, K2 Enterprises

ccompanying the numerous benefits of the recovering economy are growing demands on our time and talents. As a result, we look to technology to reduce or eliminate the clerical aspects of our workdays, such as preparing tax returns and inventory obsolescence reports. But there is a catch-22: Our work keeps us too busy to select and implement technology that will save us time. On top of that, some people fear technology, and new technology does not always work as advertised. Now factor in budget issues, and you can see that we face challenging times. When deciding what technology to adopt for your business, consider the following points: • Spending on technology has been weak over the past few years, and as a result, many people need upgrades.You are probably going to spend a lot more on technology this year than you did last year. • Technology has been pushing the world economy for decades with improved productivity. The pace of improvement may have even increased during the economic turndown, because businesses demanded solutions to help them become more productive. • Lots of new technology options could significantly improve productivity in your organization, and you likely are not even aware of many of them. Because most accountants have not been technology shopping for some time, you’ll probably find that many of these products and services are well-established and have solid track records, but are not yet widely adopted.

www.wscpa.org

accounting software developers. Have you considered the management of information and security issues? Do you have a game plan for integrating and controlling this technology, or is it just happening all around you?

Lots of new technology options could significantly improve productivity in your organization, and you likely are not even aware of many of them.

Top Technologies for Accountants in 2011

The following list is not organized in order of importance, because different entities have different needs. A local CPA firm, for example, would have very different technology needs than a regional medical center. This is not a list of issues accountants will face in 2011; it is a list of opportunities.Though some of the technologies are not optional (e.g., security), all of them represent opportunities to do things faster, better, and at a lower cost.The features and benefits of many of the products were unimaginable only a few years ago. In more than 25 years of teaching my peers about how technology can improve their work life, I have never seen so many significant advances: Consuming Content on Tablets, Smartphones, and Netbooks – You and your people will be doing plenty more of this, as evidenced by recent software leases of companies such as Thomson Reuters Tax & Accounting and other

Cloud Computing – The driving forces behind this technology are improved reliability, functionality, and security; much lower cost; better backup; and the fact that there is no physical network to manage. Several years of experience with cloud computing show that lots of cloud-based software and services provide more reliable, less expensive, and higherquality services. The cloud is a much less expensive platform to develop on, and it has much greater flexibility and capabilities than do tools for developing on-premises software.The bottom line is that cloud computing is a cheaper way for developers to do their jobs better. For example, they do not have to make their software run on your Windows XP machine that could be clogged by the games your child has installed. Security and Confidentiality of Business Information – Over the past couple of years, a massive and increasing volume of information has arisen that either uses the Internet for transport or is housed on computers that can be accessed over the Internet. From electronic banking to working remotely, the demand to access information has increased sharply. There are solutions that work and are cost-effective for most of the security issues we face, but the playing field is constantly changing. For example, do you need antivirus software for your smartphone? Remember, your smartphone is a computer that likely

WashingtonCPA November/December 2011

Technology

stores confidential information and is susceptible to viruses and worms. Windows 7 – The last of the computers running Windows XP likely will be phased out this year because of their snail-like speed and weak security. Windows 7 runs Windows XP apps, and support will soon end on Windows XP machines. Be sure to train your people, otherwise you will miss some significant productivity improvements in Windows (e.g., the ability to run in Windows XP Mode). Microsoft Office 2010 – This year, nearly all business professionals who are still using Office 2003 and earlier versions will move to Office 2010. Progressive companies and firms will move from Office 2007 to Office 2010 in order to take advantage of the benefits of the very significant improvements in Outlook 2010. Very large organizations may

be slow to adopt because of their need to integrate systems. Note: As a general rule, get new machines with Windows 7 64-bit but install Office 2010 32-bit. Improved Utilization Technology – Accountants are generally very good with the technology they use regularly, and even those who use older technology are always pleased, proud, and even amazed at what they can do. We need to determine how we can get a lot more out of the technology we use daily (e.g., Excel, Outlook, Adobe Acrobat). In the accounting community, this will be particularly important because of the shortage of accountants in a growing market. Paperless Conversions – We will see lots of these conversions in 2011. Some will be from an older paperless system to a newer one. This is a mature market with lots of options, so be sure

WashingtonCPA November/December 2011

to shop carefully. Salespeople are often poorly informed about other options and have an understandable bias in promoting the products they know and sell. Consider the cloud to avoid capital expenditures and as a tool that will help you get up and running more quickly. Keeping these technologies in mind, develop a technology game plan for your company or firm. First figure out all the different improvements you could make. You likely will have many options, but will not be able to do everything at once. Next, figure out how you are going to get the greatest return on your investment. Properly implemented technology pays big dividends. So what are you waiting for? William C. Fleenor is a Shareholder of K2E, LLC. He will be an instructor at the Information Technology Conference (ITC), December 12-13 at the Meydenbauer Center in Bellevue.

www.wscpa.org

technology Tip

Tracking QuickBooks Inventory in Multiple Warehouses By K2 Enterprises

or companies requiring advanced functionality, inventory processing has long been an “Achilles Heel” in QuickBooks. Some of the functions needed by many companies utilizing QuickBooks but not available in the application have included no automated option for FIFO or LIFO costing; no automated way to track inventory by serial number; and the inability to track inventory in multiple warehouses or locations. While QuickBooks 2011 does not resolve all of these issues, users can now track inventory across multiple warehouses by taking advantage of the Advanced Inventory add-on available in QuickBooks Enterprise Solutions 11.0.

Advanced Inventory Add-on Overview

The Advanced Inventory module is an add-on that integrates with Enterprise Solutions 11.0, and higher, and costs $699 per year. Upon activating the Advanced Inventory add-on, an Enterprise Solutions user can track inventory in multiple locations, transfer inventory from one location to another, establish non-traditional locations, such as service trucks as warehouses, and identify, at the transactional level, the warehouse affected by an inventory transaction.

Activating and Working with Advanced Inventory

To work with Advanced Inventory from within Enterprise Solutions, first, enable the Advanced Inventory preference; this preference is found by clicking Edit, Preferences, Items & Inventory, and Company Preferences, as shown in Figure 1. After activating Advanced Inventory, proceed to Lists, Inventory Site List, and establish Inventory Sites for all locations that will track inventory. Inventory Sites can and should include traditional warehouses, along with non-traditional inventory locations, such as, customer www.wscpa.org

Figure 1 - Enabling Advanced Inventory in QuickBooks Enterprise Solutions consignments, mobile inventory stocks, and staging areas within a warehouse or production facility. Upon establishing Inventory Sites, Enterprise Solutions can begin tracking inventory by location. This task is accomplished by associating an Inventory Site with each inventory-related transaction. For instance, the invoice shown below in Figure 2 makes use of the Inventory Site feature to relieve the Main Warehouse of the products sold. In addition to tracking inventory by site at the transactional level, users can transfer inventory between sites. To do so, choose Vendors, Inventory Activities, and Transfer Inventory to open the Transfer Inventory dialog box. In the Transfer Inventory dialog box, enter details such as, the transfer date, item code, quantity transferred, and the “from” and “to” locations. Notably, Advanced Inventory does not compute a separate average cost for

inventory by location; rather, it maintains a single average cost for each inventory item across all locations. Additionally, you cannot use Inventory Sites to track revenue, expenses, or overhead or similar items; instead, use the Class tracking feature for these purposes.

Summary

Though the Advanced Inventory add-on for QuickBooks Enterprise Solutions 11.0 does not add all of the functionality desired by some users, it does provide an inexpensive, effective, and easy-to-use approach to tracking inventory by location. Once the add-on is activated, users can set up Inventory Sites and begin tracking inventory by location almost immediately. Further, because Inventory Sites are flexible by nature, they can represent traditional warehouses, mobile warehouses, or even customer consignment locations, allowing QuickBooks-based companies to reclaim

WashingtonCPA November/December 2011

Technology Tip

Learn More QuickBooks Advanced Features, Tools, and Techniques (ADQ02) Tuesday, November 15 WSCPA, Bellevue

Figure 2 - Using an Inventory Site in a Transaction control of one of their most valuable and important assets. If your company runs QuickBooks and needs this type of functionality, then take a close look at this option today. For a video demonstration of this tip, please visit www.tinyurl.com/k2tips89.

K2 Enterprises provides WSCPA members with CPE courses on a variety of technology topics, including the Information Technology Conference (ITC), Dec. 12-13. Visit the CPE/Event Catalog for more information about ITC and a schedule of other technology classes.

WashingtonCPA November/December 2011

More QuickBooks for the Accounting Professional (COMQB04) Tuesday, December 6 WSCPA, Bellevue Information Technology Conference (ITC) Monday-Tuesday, December 12-13 Meydenbauer Center, Bellevue For details and to register, visit www.wscpa.org/cpe/catalog.

www.wscpa.org

industry voice

On Fire CPE For Industry CPAs

Internal Controls for Small Business Accounting Systems (ITCB) November 14, 2011 | WSCPA Learning Center, Bellevue

Only Financial Officer: Skills for Smaller Company Financial Managers (OFO) December 12, 2011 | WSCPA Learning Center, Bellevue

The current internal control structure of many small businesses fosters an environment in which too much risk is present. This, coupled with the presence of computerized accounting software, can often lead to disastrous results for small business owners and managers. This seminar assists accountants in evaluating, developing, and implementing an effective internal control structure in a small business environment. This course provides accountants with the necessary insight and tools to design, implement, and monitor effective systems of internal controls for small businesses.

The title “Chief Financial Officer” is not an accurate description of what many financial managers do because the word “chief” implies that the company has more than one. This seminar covers four major topics of importance to the financial manager who must do it all. This course will give financial managers in small to medium-sized companies the high-level skills needed to act as a member of top management.

FASB Review for Industry (FASBI02) November 18, 2011 | DoubleTree Guest Suites Southcenter

CPAs in corporate management will benefit from this comprehensive coverage of recent FASB, AcSEC, IASB and EITF pronouncements. Gain expertise from a high-level approach to financial reporting issues backed by detailed descriptions and examples of the implementation of new standards.Your training will guide you in assessing recent FASB and AICPA standards that have a major effect on all industries and provide an understanding of the latest pronouncements and exposure drafts to enable you to develop implementation strategies. Corporate Finance Tune-Up: Putting the Right Skills in Your Analytical Toolbox (CFT) November 22, 2011 | WSCPA Learning Center, Bellevue

Do you have the right skills in your analytical toolbox? Understanding corporate finance is a skill that separates those who will become Chief Financial Officers from those who will always remain accountants. This seminar provides a refresher on corporate finance skills for those who work or aspire to work at a CFO level. Add over 20 tried and tested tools to your analytical toolkit. Explore topics that range from cash management and financial statement analysis to strategic planning and business valuations in this interactive seminar.

Financial Management: Skills for Success in the Corporate World (FM) December 13, 2011 | WSCPA Learning Center, Bellevue

Every year thousands of professionals transition out of public accounting. No matter where these aspiring CPAs go, the realization is the same. They are not fully prepared for “life after the CPA firm.” Newly transitioned employees want to make an immediate impact on their new organizations and the new organizations want them to contribute immediately. Employers and employees alike cannot take their time to let this transition evolve. They must mutually make it happen as soon as possible. This seminar will provide answers for accountants attempting to make the transition to the corporate world or the people who will supervise them. Learn directly from the stories of new CPAs who have recently transitioned from public accounting. Construction Contractors Advanced Issues (CCAI) December 15, 2011 The Conference Center at Convention Place, Seattle

Delve beyond the basics on many issues the construction industry brings to the accounting profession. Get hands-on advice on the accounting, audit and tax issues that make the construction industry a high-risk client. Be prepared to address difficult issues such as look-back calculations, measuring progress of construction contracts and overhead allocations. Enhance your skills today to reduce the risk of your next construction engagement.

Looking for more CPE seminars, webcasts/webinars or conferences? Learn about CPE options for CPAs working in business and industry at www.wscpa.org/CPE/catalog.

www.wscpa.org

WashingtonCPA November/December 2011

STATEMENT OF OWNERSHIP, MANAGEMENT,AND CIRCULATION (REQUIRED BY 39 U.S.C. 3685) 1. Publication Title: The Washington CPA 2. Publication No.: 0000-9754 3. Filing Date: 1 October 2011 4. Issue Frequency: Bi-monthly 5. No. of Issues Published Annually: 6 6. Annual Subscription Price: $12 7. Complete Mailing Address of Known Office of Publication: 902 140th Avenue NE, Bellevue, King,Washington 98005-3480 8. Complete Mailing Address of Headquarters or General Business Office of Publisher: Same as #7 9. Full Names and Complete Mailing Addresses of Publisher, Editor, and Managing Editor: Publisher:Washington Society of Certified Public Accountants, Editor: Jeanette Kebede, Managing Editor: n/a, Washington Society of Certified Public Accountants, 902 140th Avenue NE, Bellevue, WA 98005-3480 10. Owner: Washington Society of Certified Public Accountants, 902 140th Avenue NE, Bellevue,WA 98005-3480 11. Known Bondholders, Mortgagees, and Other Security Holders Owning or Holding 1 Percent or More of Total Amount of Bonds, Mortgages, or Other Securities: None 13. Publication Name: The Washington CPA 14. Issue Date for Circulation Data Below: September/October 2007 15. Extent and Nature of Circulation (Avg. No. Copies Each Issue During Preceding 12 Months,Actual No. Copies of Single Issue Published Nearest to Filing Date). a.Total No. Copies: 10,138, 10,400 b. Paid and/or Requested Circulation: 1. Paid/Requested Outside-County Mail Subscriptions Stated on Form 3541: 4914, 5007. 1. Paid In-county Subscriptions: 4861, 4969. Sales Through Dealers and Carriers, Street Vendors, Counter Sales, and Other Non-USPS Paid Distribution: n/a, n/a. 4. Other Classes Mailed Through the USPS: 25, 31 c.Total Paid and/or Requested Circulation (sum of 15b(1) and 15b(2)): 9800, 10,007 d. Free Distribution by Mail: 1. Outside-County as Stated on Form 3541, 115, 130. In-County as Stated on form 3541, 110, 158. Other Classes Mailed Through the USPS: 0, 0 e. Free Distribution Outside the Mail: 58, 65 f.Total Free Distribution: 283, 353 g.Total Distribution: 10,083, 10,360 h. Copies not Distributed: 55, 40 i.Total (Sum of 15g, 15h(1), and 15h(2)): 10,138, 10,400 Percent Paid and/or Requested Circulation: 97%, 96% 17. Signature and Title of Editor, Publisher, Business Manager, or Owner:

WashingtonCPA November/December 2011

www.wscpa.org

Washington CPA Foundation

Exciting Time for Washington CPA Foundation By Michelle H. Gretsch, CPA

n 2011 the Foundation increased the average amount of scholarships to $3,000 each, and began working on several new initiatives:

Named Scholarship Initiative

There has been an overwhelmingly positive response to our Named Scholarship initiative, which allows individuals, groups, firms, etc. to fund $3,000 scholarships and connect with scholarship winners. So far this year six Named Scholarships will be available to students in the upcoming scholarship season: • • • • • •

Sambataro Family Foundation Scholarship Shimer Family Scholarship True Blue Accounting Scholarship KPMG, LLP Accounting Scholarship Moss Adams LLP Accounting Scholarship Ernst & Young LLP Accounting Scholarship

Our goal is to provide 10 Named Scholarships this year…we’re more than half way there! To find out how you can have your own Named Scholarship, please visit www.wscpa.org (click WSCPA Community, WA CPA Foundation or go to www.wscpa.org/Content/Named Scholarships.aspx). If you aren’t able to fund a scholarship on your own, you can still participate! Get a group together and pool your funds to provide a Named Scholarship, perhaps to honor or memorialize someone who has played a significant role in helping you build your career. Interested in participating in the scholarship award process? Contact Mark Peterson, (425) 586-1118, if you’d like to join the Scholarship Selection Committee. The committee will be reviewing applications for the next round of scholarships in March 2012. www.wscpa.org

Contribute today! Visit www.wscpa.org

(WSCPA Community > Support the WSCPA)

All contributors to the Foundation will become part of the Circle Program. Leaders Circle contributors are invited to the 3rd Annual Circle Reception. Your contribution is tax deductible. Washington CPA Foundation Circle Program

Foundation Contributor Level

Contribution

Supporting Contributor

$50 - $99

Senior Contributor

$100 - $249

Leaders Circle*

$250 - $499

Executives Circle*

$500 -$999

Senior Executives Circle*

$1000-$2499

Chairmans Circle*

$2500+

* Invited to attend the Foundation reception, Jan 19, 2012.

Grant Program

Through this program, the Foundation aims to award up to $5,000 in 2011 to local organizations which focus on providing financial literacy education to a variety of constituents. It’s exciting to see the first applications come in! To apply for a grant, download the application form at www.wscpa.org (click WSCPA Community, WA CPA Foundation or go to www. wscpa.org/Content/files/downloads/ GrantApplication.pdf). Know of a worthy non-profit in your community that focuses on financial literacy? Please encourage them to apply for a 2012 grant…we will start accepting applications June 1, 2012.

Lights, Camera, Action!

The Foundation filmed a new informational video which gives prospective donors and scholarship/grant applicants an overview of the Washington CPA Foundation. Watch for the video to premiere online and in a CPE classroom near you in November, 2011.

Leaders Circle Reception, 2011

3rd Annual Circle Reception

Mark your calendar for the evening of Thursday, January 19, 2012. Please join me and other Board Trustees at the Foundation’s 3rd Annual Circle Reception. To be invited, please make your contribution of $250 or more by December 31, 2011. You will be able to mix and mingle with other committed donors and meet current and past scholarship winners. Come and hear how you’ve helped make a difference in the lives of local accounting students! Thank you to everyone that has graciously contributed to the Foundation this year. The Foundation Circle Donors list is growing. View the list at www. wscpa.org/Content/legacy/Circle.aspx. Michelle H. Gretsch, CPA, is chair of the Washington CPA Foundation.You can contact her at michelleg@ows.org.

Scholarship Applications Available Now at www.discovercpa.org (click Scholarships) WashingtonCPA November/December 2011

Membership

Managing Shipping Charges: Get to 100 Percent Cost Allocation

our UPS solutions can help ensure that you charge customers or departments the right amount for shipping – and get an extra hand with tasks.

New Member Benefit Business Book Summaries from The Business Source

eople who read business books make more money — a lot more! (Even in tough economic times.) According to a number of recent studies,* business people who read at least seven business books a year earn over 2.3 times more than those who read only one book per year. The Society has teamed up with The Business Source to offer the Business Book Summary Program — concise summaries of books you need to read. Each month, learn best practices and get powerful insights from leading-edge thinkers, industry experts and renowned business gurus. The summaries take just 15 minutes to read or listen to and you get two summaries monthly, so your total time investment is only 30 minutes a month! To learn more and to order go to http://members.thebusinesssource. com/WSCPA1.htm. WSCPA has arranged a special discount for The Business Source’s Business Book Summary Program — you will receive 70% off the retail price (a savings of $91) if you respond before November 9. This is your only chance to purchase the Business Book Summary Program at the discounted price and The Business Source offers a 100% money back guarantee if you’re not completely satisfied. * Sources: United States Department of Labor, Survey by Yahoo! Chief Solutions Officer Tim Sanders and Business Majors

Many accounting firms are operating with scaled-down administrative staffs. If so, a little shipping expertise can save your firm money. Enter UPS technology tools. These tools simplify shipping, help reduce expenses, quickly capture billing information and allocate shipping costs so that your firm can more easily recover them from clients. UPS CampusShip®, a Web-based shipping system designed for companies with distributed staff members or multiple offices, but also suitable for a single location with many shippers, allows for easy cost allocation and oversight by a designated administrator. CampusShip can be set up to require that a reference number (such as a client code) be assigned to each shipment. “You can see who is shipping what, what they are shipping and how much it costs, and you don’t have to wait for a UPS invoice to get the complete picture,” says UPS marketing analyst Erika Alvarez. “You also can tap into CampusShip’s shipping history information to monitor and manage expenses over time.” UPS Billing Center and UPS Billing Data help companies keep a close eye on shipping costs and process invoices more quickly. With both UPS Billing Data and UPS Billing Center, you can get invoicing information anytime. Here’s the difference: • •

WashingtonCPA November/December 2011

UPS Billing Center enables you to securely view and pay invoices online. UPS Billing Data is a detailed electronic data feed of shipping

WSCPA members can save up to 30% off UPS Express Air, Ground and International shipments.

For complete details or to sign up, visit http://savewithups.com/wscpa or call (800) 325-7000. charges designed to integrate with third-party accounting applications. Where would a service company be without great customer service? Quantum View Manage helps you stay on top of critical shipments in transit, such as documents on deadline, while controlling costs. The tool provides shipment status every step of the way, enabling you to anticipate and resolve potential problems, such as delay in transit caused by inclement weather, or just quickly glance at a status page to see that all shipments are on time. Quantum View Manage also can be set to automatically inform customers of shipping events and delivery dates.That means less stress on already stretchedthin customer service resources. The best news yet? CampusShip, billing solutions and Quantum View Manage all work together, allowing for seamless management of your company’s shipping. With these solutions, you’ll feel like you’ve added a shipping expert to your staff to help you get closer to 100 percent shipping cost allocation. These four tools are available to UPS customers at no extra cost. After all, if you’re not passing along shipping costs to customers, you’re paying for them out of your profits.

www.wscpa.org

WashingtonCPA November/December 2011

Membership

Photo Album Argosy Cruise - Seattle August 10, 2011

Members’ Reception - Trivia Night September 15, 2011 Rock Bottom Restaurant & Brewery, Bellevue

IRS or Washington State Tax Problems? Experience Can Make A Difference. IRS, Revenue and Labor & Industries Audits: Administrative and Judicial Appeals & Refund Actions; Lien & Collection Problems; Tax Planning; Commercial Litigation.

Martin Silver  L.L.M. (Tax) New York University  Author of Washington Taxes: Representing Taxpayers Before The Department of Revenue, (Butterworths 1992)  Adjunct Professor, Golden Gate Representing Businesses and Professionals Nationwide, Confidentiality Guaranteed.

OFFICES OF

Martin Silver, P.S. Attorneys & Counselors

800 - 5th Avenue, Suite 4000 • Seattle, WA 98104 • Telephone: (206) 224-3461 • Fax (206) 224-3459

WashingtonCPA November/December 2011

www.wscpa.org

Financial Literacy

20 11

Final event of 2011!

New Professionals

Networking Events

Puget Sound Events

Nov 16 - Bowling Garage, Seattle (NP07) REgister:

www.wscpa.org/CPE/catalog (enter “NP” in search box)

FEES: $20

sponsorS

Supporting Sponsor

Conferences

C onference S Fall 2011

Not-For-Profit CONFERENCE

Fraud CONFERENCE

November 17-18 | 8:00 am - 4:30 pm Bell Harbor Int’l Conference Center, Seattle, WA

December 2 | 8:00 am - 4:20 pm Meydenbauer Center, Bellevue, WA

Are your approaches to the unique challenges facing not-forprofit organizations set on auto pilot? Be energized and get informed about trends and hot issues you need to know to be prepared for the current climate and its recent changes. Attend the Not-For-Profit Conference!

Forget about the theories. The Fraud Conference will share real life fraud case studies and give you the facts you need to know to better understand how to detect and prevent fraudulent activity. Whether you work in public accounting, industry or government, you will gain an understanding of how recent fraud cases unfolded and were discovered.

• • • • • • •

FASB Update Nonprofit Operating Reserves: Rationale and Policy Development Guidelines Jurassic Parliament: Running Great Meetings Using Robert’s Rules (non-tech credit) Panel: Sharing Resources, Outsourcing and Strategic Partnerships 2011 Federal Tax Update More than a Name: How a Communications Nonprofit Learned to Communicate Time Management: Techniques to Prevent Your Time from Managing You (non-tech credit)

And numerous concurrent sessions, including these topics:

FASB Hot Topics, Psychological Manipulation to Cover Fraud, NFP Financial Analytics, Hot State and Local Tax Issues for Nonprofits, How to Convince Your Bank to Loan Money to Your Organization, Development Metrics: Bridging the Finance Fundraising Conversation Effectively, Responding to Health Care Reform, Generational Work Styles and Differences, Overview of Risk Management for Non-Profit Organizations, Registration Requirements with the Washington Secretary of State: The Basics & Beyond, Roadmap to Understanding Nonprofit Financial Statements, and Panel: A-133 Challenging Compliance Areas.

16 CPE credits (includes up to 4 non-technical) WSCPA Member Fee $400 Standard Fee $475

Webcast also available (WEBNFPC) SPONSORS

Speakers: • • • • •

Joseph R. Dervaes, CFE, ACFE Fellow, CIA, President, Pacific Northwest Chapter/ACFE The Honorable Brian Sonntag, CGFM, Washington State Auditor Jim Brittain, CPA, Director of Special Investigations, Washington State Auditor’s Office Robert Kondrat, JD, Washington State Department of Financial Institutions Mitch Barker, Director, Special Investigations Unit, Washington State Office of the Insurance Commissioner

General Sessions: • • • • • • •

Understanding Embezzlement in the Workplace: Stories from a Fraud Examiner’s Career Credit and Debit Card Skimming The State Auditor’s Office Mission and Fraud Program Cases from the State Auditor’s Office Fraud Program Getting to the Truth: A Securities Fraud Case Study, Part 1 - The Scheme and Part 2 - The Path from Investigation to Sentencing The Insurance Commissioner’s Office Insurance Fraud Program: An Introduction Insurance Fraud Case Study: Investigating, Prosecuting and Sentencing Offenders

8 CPE credits WSCPA Member Fee Standard Fee

Co-Sponsor

$225 $300 Pacific Northwest Chapter

WashingtonCPA November/December 2011

CPE DIgest

x S

Unlimited CPE. Unmatched value. Infor mation Tec hnology CONFERENCE

Designed for CPAs...

December 12-13 | 8:00 am - 4:00 pm Meydenbauer Center, Bellevue, WA How do you keep up with the latest technology? The Information Technology Conference is filled with 16 hours of fastpaced presentations designed to maximize your time and help you get a handle on the latest technology trends. Walk away with helpful tips, advanced techniques and proven tools to help you keep up with the ever-increasing pace of changes in computer technology. All sessions feature high quality, full-color computer projection systems for clear viewing. If you are a CPA in public practice or industry who needs to take better advantage of technology to improve efficiency and effectiveness, register today for this conference! General Sessions: • • • •

Tech Update Cloud Computing Consuming Content on Tablets, SmartPhones and Netbooks Outlook - The Killer App in Office 2010

Concurrent Sessions: • • • • • • • • • • • •

A-1 Excel Macros - Easier Than You Think A-2 Windows 7 Tips and Tricks A-3 Accounting Choices B-1 Excel Reporting - Tools,Techniques and Best Practices B-2 CPA Firm Tech Update B-3 Paperless Office 2.0 C-1 Excel’s Three Tables C-2 Security Update for Accountants C-3 OneNote D-1 Office 365 D-2 Organizing Your Life - Tools and Techniques to Save You Time D-3 QuickBooks Reporting with Excel

16 CPE credits WSCPA Member Fee Standard Fee

$550 $630

Self-Study CPE Subscriptions

• Subscriptions start at only $189 (+tax) for dozens of streaming video or text-based CPE courses • Earn Ê to Î CPE credits for each course • Choose from four subscription options WA Pros online annual self-study subscriptions provide unlimited access to text-based and streaming video CPE at unbeatable prices. These CPE packages will keep you up to date on ever-evolving rules, regulations and trends affecting public accounting, business, government or NFPs.

Order WA Pros today at www.wscpa.org/selfstudy! WashingtonCPA November/December 2011

Education and events

Fees Date

CPE Credits

Course

Code

events by location # WSCPA education and events scheduled for Nov-Dec, 2011 are listed below, chronologically by location. If you are looking for a program in another location, it may be scheduled for later in the year. Using the online CPE/Event Catalog at www.wscpa.org/CPE/ catalog, you can search by location.

For more details, search by code at www.wscpa.org/cpe

Type

2011-2012 EVENT SCHEDULE To view the complete schedule of events through May 2012, refer to the CPE/Event Catalog at www.wscpa.org or the Fall issue of the 2011-2012 Washington Professional Education Catalog. To request a copy of the catalog, call (800) 272-8273 (toll-free in Washington) or e-mail cpe@wscpa.org. LEARN MORE To view complete course details, please visit the CPE/ Event Catalog at www.wscpa.org/CPE/catalog.

WSCPA NonAICPA Member Member Member Discount Fee Fee A&A

CS EB

SUBJECTS The main subject area is listed for each program.

PFP Ethics GNP MG PD

Need help finding a seminar or webcast? Call (800) 272-8273 or (425) 644-4800.

SK TAX TEC

Facility

Accounting and Auditing Consulting Services Employee Benefits Estate/Financial Planning Ethics Government / NFP Management Personal Development Specialized Knowledge Taxation Technology

Fees Date

CPE Credits

Course

Type

WSCPA NonAICPA Code Member Member Member For more details, Discount Fee Fee search by code at www.wscpa.org/cpe

Subject

Facility

Subject

Bellevue Nov 1

Advanced Real Estate Accounting, Auditing & Taxation, 8AM-4PM

ARE

275

350

-30

WSCPA

A&A

ç Nov 1

49 Tax-Cutting Moves for Individuals, 8AM-4PM

FNTC02

275

350

-30

WSCPA

Tax

AICPA’s Annual Accounting and Auditing Workshop, 8AM-4PM

AAUW

475

590

-60

WSCPA

A&A

What You Need to Do Now in Estate Planning Under New Tax Law, 8AM-4PM

NLEP

285

360

WSCPA

Tax

WSCPA

A&A

Nov 2-3

Nov 2

Nov 3

Small Business Accounting and Auditing Update, 8AM-4PM

SBAA02

275

350

Nov 4

Introduction to QuickBooks for the Accounting Professional, 8AM-4PM

COMQB03

240

315

WSCPA

Tec

Nov 4

Washington State Community Property and Estate Tax Law Update, 8AM-4PM

WKCP02

275

350

WSCPA

Tax

Nov 7

Construction Contractors: Accounting, Auditing and Tax, 8AM-4PM

CAAT01

275

350

Nov 7-9

AICPA/AHI Staff Training Semi-Senior, 8AM-4PM

STP2A

665

780

Advanced Auditing of HUD-Assisted Projects, 8AM-4PM

EOAHUD

275

350

Financial Literacy and Presentation Skills, 9-11:30AM

CTVFL05

Advanced Concepts in Estate Planning, 8AM-4PM

ACEP

285

360

Nov 8 Nov 8

2.5 6

Nov 9

Nov 10

Nov 10-11 16 Nov 11

Nov 11

Fiduciary Income Tax Returns - Form 1041 Workshop, 8AM-4PM

1041

285

360

IFRS Essentials with GAAP Comparison: Building a Solid Foundation, 8AM-4PM

IFRS

475

590

The Complete Guide to the Preparation of Form 1041, 8AM-4PM

CG1041

275

350

Governmental & Nonprofit Annual Update, 8AM-4PM

GNAU02

275

350

-30

-30 -30

WSCPA

A&A

WSCPA

A&A

WSCPA

GNP

WSCPA

Tax

WSCPA

Tax

-60

WSCPA

A&A

Meydenbauer Center

Tax

-30

WSCPA

GNP

Nov 14

Internal Controls for Small Business Accounting Systems, 8AM-4PM

ITCB

275

350

WSCPA

A&A

ç Nov 14

Websites, Software, Tax Quality Control, Engagement, 8AM-4PM

WSTQ

275

350

WSCPA

Tax

Nov 15

QuickBooks Advanced Features, Tools, and Techniques, 8AM-4PM

ADQ02

275

350

WSCPA

Tec

Nov 15

Washington CPA Ethics and New Developments (WA State Requirement), 8AM11:30AM

CENRW409

180

215

Meydenbauer Center

Ethics

ç Nov 15

Your 2011 Update on Estate Planning, Health Care Reform, Eldercare, and LongTerm Care Planning, 8AM-4PM

UEPE

275

350

WSCPA

Tax

Nov 16

Excel Tips, Tricks and Techniques for Accountants, 8AM-4PM

EXL

275

350

WSCPA

Tec

Nov 16-18 24

AICPA/AHI Staff Training Beginning In-Charge, 8AM-4PM

STP3A

665

780

WSCPA

A&A

Nov 17

AICPA’s Annual Update for Controllers, 8AM-4PM

SKSB01

275

350

Nov 17

1.5

Federal Tax Update, 7:15-9AM

CHBA03

Nov 18

Strategic Planning: A Simplified and Workable Approach for Private Companies, 8AM-4PM

SPPC

275

350

Nov 21

Compilation and Review Standards Update and Review by Walter Haig, 8AM-4PM

CRUR05

305

380

Nov 21

Taxation Essentials of LLCs, LLPs, LPs and Other Partnerships, 8AM-4PM

TLLLO02

275

350

S l

WashingtonCPA November/December 2011

-30

WSCPA

A&A

Red Lion Bellevue Inn

Tax

-30

Meydenbauer Center

WSCPA

A&A

-30

WSCPA

Tax

Networking Event | S Season Ticket and Coupons N/A

www.wscpa.org

Education and events Fees

Date

CPE Credits

Course

Code For more details, search by code at www.wscpa.org/cpe

Type

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

Nov 22

Auditing Standards Update and Review by Walter Haig, 8AM-4PM

AUUR01

305

380

WSCPA

A&A

Nov 22

Corporate Finance Tune-Up: Putting the Right Skills in Your Analytical Toolbox, 8AM-4PM

CFT

275

350

WSCPA

A&A

ç Nov 28

2011 Business Law Update, 8AM-4PM

BLU

275

350

WSCPA

ç Nov 28

Passive Activity Losses A-Z, 8AM-4PM

PAL

275

350

WSCPA

Tax

Nov 29

Advanced FASB Review and Update: Tackling the Tougher GAAP Issues, 8AM-4PM

AFASB

275

350

-30

WSCPA

A&A

Nov 29

Basis/Distributions for Pass-Through Entities: An IRS Hot Spot, 8AM-4PM

BDPTE02

275

350

-30

WSCPA

Tax

ç Nov 29

Mysterious Interest & Original Issue Discount Rules, 8AM-11:30AM

MIO401

180

215

Meydenbauer Center

Tax

ç Nov 29

Unraveling the At Risk Rules, 12:30PM-4PM

UAR401

180

215

Meydenbauer Center

Tax

ç Nov 30

Applying the Audit Risk Assessment Standards: A Course for Newer Auditors, 8AM-4PM

RANA

275

350

-30

WSCPA

A&A

Nov 30

S Corporation Practitioner’s Workshop: A Case Studies Approach, 8AM-4PM

SWRK

285

360

WSCPA

Tax

Dec 1-2

AICPA’s 1040 Tax Return Workshop by Sid Kess, 8AM-4PM

IITW

475

590

-60

WSCPA

Tax

Dec 1

IFRS Update and Review of Complex Topics, 8AM-4PM

IUP

275

350

-30

WSCPA

A&A

Dec 2

AICPA’s Annual Business Law Update, 8AM-4PM

ABLU

275

350

-30

WSCPA

Dec 2

Fraud Conference, 8AM-4:30PM

FDC

225

300

Meydenbauer Center

Dec 5

Excel Pivot Tables, 8AM-4PM

COMEX07

240

315

WSCPA

Tec

Dec 5

Nonprofit Auditing and Accounting Update, 8AM-4PM

NAU

275

350

WSCPA

GNP

Dec 6

The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent McCoy, 8AM-4PM

BCPE01

285

360

WSCPA

Tax Tec



-30

Dec 6

More QuickBooks for the Accounting Professional, 8AM-4PM

COMQB04

240

315

WSCPA

Dec 7-9

AICPA/AHI Staff Training Supervisory, 8AM-4PM

STP4A

665

780

WSCPA

Dec 7

AICPA’s Annual Update: Top 12 Audit Issues Facing CPAs, 8AM-4PM

TTAU

275

350

WSCPA

A&A

Dec 7

What Board Treasurers Need to Know, 8AM-11:30AM

WBTN402

110

Meydenbauer Center

Dec 8

Internal Control Essentials for Financial Managers, Accountants, and Auditors, 8AM-4PM

ICDAD03

275

350

-30

WSCPA

A&A

Dec 9

Auditing for Internal Fraud, 8AM-4PM

FEAIF

275

350

-30

WSCPA

A&A

Dec 12

Only Financial Officer: Skills for Smaller Company Financial Managers, 8AM-4PM

OFO

275

350

WSCPA

A&A

Dec 12

Loscalzo’s Tips on How to Review Documentation Effectively, 8AM-4PM

WPR

275

350

WSCPA

A&A

-30

Dec 12-13

16 

Information Technology Conference, 8AM-4PM

ITC

550

630

Meydenbauer Center

Tec

Dec 13

Financial Management: Skills for Success in the Corporate World, 8AM-4PM

275

350

WSCPA

ç Dec 13

Individual Update and Tax Season Tune-Up by Larry Stein, 8AM-4PM

IUTS

275

350

WSCPA

Tax

Dec 14

Loscalzo’s Disclosure: The Key to Financial Statements, 8AM-4PM

DKFS

275

350

WSCPA

A&A

ç Dec 14

The 411 on Form 1041 for Trusts/Estates and Form 1040 for Decedents, Heirs, and Beneficiaries, 8AM-4PM

FITW

275

350

WSCPA

Tax

Dec 15-16

Accounting and Reporting Standards Annual Update and Review by Walter Haig, 8AM-4PM

ARSUR03

525

640

WSCPA

A&A

Dec 15

1.5

S l

GAAP Update, IFRS Update, and CPA Profession Issues, 7:15-9AM

CHBA02

Red Lion Bellevue Inn

A&A

Dec 19

Washington CPA Ethics and New Developments (WA State Requirement), 8AM11:30AM

CENRW414

180

215

WSCPA

Ethics

Dec 20

Forensics and Financial Fraud: Real-World Issues & Answers, 8AM-4PM

FFF01

275

350

-30

WSCPA

A&A

Dec 20

Tax Update for Pass-Through Entities: S Corporations, Partnerships and LLCs, 8AM-4PM

TUPTE

275

350

-30

WSCPA

Tax

Dec 21

Employee Benefit and Retirement Planning - Life, Health and Other Benefit Tools, 8AM-4PM

EBLH

275

350

WSCPA

Tax

Dec 22

The Best Estate and Financial Planning Topics of 2011, 8AM-4PM

BEST02

275

350

WSCPA

Tax

Dec 27

GAAP Update and Review for Small and Medium-Sized Entities (SMEs) by Walter Haig, 8AM-4PM

GURSME05

305

380

WSCPA

A&A

Dec 28

Compilation and Review Standards Update and Review by Walter Haig, 8AM-4PM

CRUR06

305

380

WSCPA

A&A

Dec 29

Advanced Technical Tax Forms Training - LLCs, S Corporations and Partnerships, 8AM-4PM

ATFB

285

360

WSCPA

Tax

Dec 30

Advanced Technical Tax Forms Training - Form 1040 Issues, 8AM-4PM

ATFI

285

360

WSCPA

Tax

www.wscpa.org

Networking Event | S Season Ticket and Coupons N/A

WashingtonCPA November/December 2011

Education and events

Fees Date

CPE Credits

Type

Nov 2

Nov 9

Course

Code For more details, search by code at www.wscpa.org/cpe

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

Lakeway Inn & Conf Ctr

Ethics

Lakeway Inn & Conf Ctr

Tax

Kitsap Conference Center at Bremerton Harborside

Ethics

Bellingham Washington CPA Ethics and New Developments (WA State Requirement), 8AM11:30AM

CENRW404

180

215

LLC and Partnership Taxation: Beyond the Basics, 8AM-4PM

NBLLC

275

350

-30

Bremerton 4

CPE in Ethics: A Requirement in Washington State, 8AM-11:30AM

CENRW410

180

215

Nov 1

Federal Estate and Gift Tax Returns - Forms 706 and 709 Workshop, 8AM-4PM

GIFT

285

360

Nov 2

Small Business Accounting and Auditing Update, 8AM-4PM

SBAA01

275

350

Nov 14

Washington B & O and Sales Tax, 8AM-4PM

WSTX04

275

Nov 16

Surgent McCoy’s Handbook for Mastering Basis, Distributions, and Loss Limitation Issues of S Corporations, LLCs, and Partnerships, 8AM-4PM

HMBI

285

Dec 1 Everett

Edward Hansen Conf Ctr

Tax

Edward Hansen Conf Ctr

A&A

350

Edward Hansen Conf Ctr

Tax

360

Edward Hansen Conf Ctr

Tax

Nov 17

Fair Value Accounting: A Critical New Skill for All CPAs, 8AM-4PM

FVA

275

350

ç Nov 29

Advanced Tax Structures: Using Tiered Partnerships, Multiple Corporations, Series LLCs, and Disregarded Entities, 8AM-4PM

ADTS

285

360

Dec 6

CPE in Ethics: A Requirement in Washington State, 8AM-11:30AM

CENRW412

180

215

Dec 9

Advanced Tax Strategies for LLC & Partnership Transactions, 8AM-4PM

APLPT02

275

350

Dec 13

Surgent McCoy’s Advanced Critical Tax Issues for S Corporations, 8AM-4PM

ACTS

285

360

-30

Edward Hansen Conf Ctr

A&A

Edward Hansen Conf Ctr

Tax

Edward Hansen Conf Ctr

Ethics

Edward Hansen Conf Ctr

Tax

Edward Hansen Conf Ctr

Tax

Hilton Garden Inn TriCities Kennewick

A&A

Kennewick Nov 1

Annual Update for Accountants and Auditors, 8AM-4PM

AUAA04

275

350

-30

Nov 3

Federal Tax Update - Individuals (Form 1040), 8AM-4PM

FTUI01

275

350

Three Rivers Conv Ctr

Tax

Nov 4

Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065), 8AM-4PM

FTUB01

275

350

Three Rivers Conv Ctr

Tax

Nov 9

CPE in Ethics: A Requirement in Washington State, 8AM-11:30AM

CENRW408

180

215

Hilton Garden Inn TriCities Kennewick

Ethics

S l

Will U.S. GAAP Survive? An IFRS Update, 7-9AM

CHSV04

Marriott Courtyard Totem Lake

A&A

Kirkland Nov 16 Lynnwood Nov 17

Federal Tax Update - Individuals (Form 1040), 8AM-4PM

FTUI02

275

350

Lynnwood Conv Ctr

Tax

Nov 18

Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065), 8AM-4PM

FTUB02

275

350

Lynnwood Conv Ctr

Tax

ç Nov 29

Investing Fundamentals for Individuals, 8AM-4PM

IFFI

275

350

Lynnwood Conv Ctr

Dec 14

Pass Through Entities: Advanced Tax Issues, 8AM-4PM

PTEA

275

350

Lynnwood Conv Ctr

Tax

Dec 15

Family Limited Partnerships, 8AM-4PM

FLP

275

350

Lynnwood Conv Ctr

Tax

Dec 16

Debt Related Tax Issues: Foreclosure, Short Sales and Cancellation of Debt, 8AM4PM

DRTI

275

350

Lynnwood Conv Ctr

Tax

Olympia Nov 2

6 S l

Choke Point: Global Growth vs. Limited Energy, 12PM-1PM

CHOM08

Indian Summer Golf

Nov 7

Social Security, Medicare, and Prescription Drug Retirement Benefits: What Every Boomer Needs to Know, 8AM-4PM

SSRB

285

360

Indian Summer Golf

Tax

Nov 8

AICPA’s Hottest Tax Topics for 2010, 8AM-4PM

HOT02

275

350

Indian Summer Golf

Tax Tax

-30

Nov 10

The Best Estate and Financial Planning Topics of 2011, 8AM-4PM

BEST01

275

350

Red Lion Olympia

ç Nov 14

Strategies and Tactics in the New War Against Higher Individual Taxes, 8AM-4PM

IWAR02

285

360

Red Lion Olympia

Tax

Dec 5

The Best Individual Income Tax Update Course By Surgent McCoy, 8AM-4PM

BITU01

285

360

Indian Summer Golf

Tax

Dec 6

Dec 7 Dec 7

Washington B & O and Sales Tax, 8AM-4PM

WSTX06

275

350

Red Lion Olympia

Tax

Washington CPA Ethics and New Developments (WA State Requirement), 8AM11:30AM

CENRW413

180

215

Red Lion Olympia

Ethics

S l

Foreign Banks and Financial Accounts, 12-1PM

CHOM03

Indian Summer Golf

WashingtonCPA November/December 2011

Networking Event | S Season Ticket and Coupons N/A

www.wscpa.org

Education and events Fees

Date

CPE Credits

Course

Code For more details, search by code at www.wscpa.org/cpe

Type

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

Indian Summer Golf

Tax

Dec 12

Surgent McCoy’s Advanced Critical Tax Issues for Limited Liability Companies and Partnerships, 8AM-4PM

ACTL

285

360

Dec 14

Real Estate Accounting and Financial Reporting: Tackling the Complexities, 8AM4PM

REFR

275

350

-30

Red Lion Olympia

A&A

Dec 19

Multistate Income Tax: Simplifying the Complexities, 8AM-4PM

MIT

275

350

-30

Indian Summer Golf

Tax

Audit Work Papers: Documenting and Reviewing Field Work, 8AM-4PM

ATDR

275

350

-30

Conf Ctr - at Conv Place

A&A

Seattle Nov 4 ç Nov 7-9

20  S Pacific Tax Institute, 8AM-4:30PM

PTI

775

850

Bell Harbor Intl Conf Ctr

Tax

ç Nov 7

8  S Pacific Tax Institute-11/7/11 only, 8AM-4:30PM

PTI2

380

455

Bell Harbor Intl Conf Ctr

Tax

ç Nov 8

ITEB

285

360

Conf Ctr - at Conv Place

Tax

Advanced Selected Issues for Trusts, Estates, and Their Beneficiaries, 8AM-4PM

PTI3

380

455

Studies on Single Audit and Yellow Book Deficiencies, 8AM-4PM

SAYB

275

350

Bell Harbor Intl Conf Ctr

Tax

Conf Ctr - at Conv Place

GNP

Nov 10-11 16 

Pacific NW Construction Industry Conference, 8AM-4:30PM (up to 3 non-technical credits)

CIC

600

Bell Harbor Intl Conf Ctr

Nov 15

S l

Ins and Outs for Federal Tax Issues in 2011/Washington State Tax Update, 7:309:30AM

CHSE04

Women’s University Club of Seattle

Tax

Bowling - New Professionals Networking Event, 6PM-9PM

NP07

The Garage

Nov 17-18 16  Y Not-for-Profit Conference, 8AM-4:30PM (up to 3 non-technical credits)

NFPC

475

Bell Harbor Intl Conf Ctr

A&A

Nov 21

The Coming IFRS Conversion: Preparing for the Ultimate GAAP Make Over, 8AM-4PM

IFRSG

275

350

Conf Ctr - at Conv Place

A&A

Nov 22

Advanced Tax Strategies for S Corporations, 8AM-4PM

ADVSC

275

350

-30

Conf Ctr - at Conv Place

Tax

Nov 30

AICPA’s Annual Tax Update: Individuals and Sole Proprietors, 8AM-4PM

TSUI

275

350

-30

Conf Ctr - at Conv Place

Tax

ç Nov 8

Nov 9

Nov 16

 S Pacific Tax Institute-11/8/11 only, 8AM-4:30PM Y

-30

Dec 5

CPE in Ethics: A Requirement in Washington State, 8AM-11:30AM

CENRW411

180

215

Conf Ctr - at Conv Place

Ethics

Dec 6

Compilation and Review Engagement Essentials, 8AM-4PM

ICRE02

275

350

-30

Conf Ctr - at Conv Place

A&A

Dec 12

AICPA’s Annual Tax Update: Corporations and Pass-Through Entities, 8AM-4PM

TSUC

275

350

-30

Conf Ctr - at Conv Place

Tax

Dec 13

International Taxation: To and From the United States, 8AM-4PM

ITTF

275

350

-30

Conf Ctr - at Conv Place

Tax

Dec 15

Construction Contractors Advanced Issues, 8AM-4PM

CCAI

275

350

-30

Conf Ctr - at Conv Place

Dec 15

Accounting and Auditing Update, 8AM-11:30AM

CL4AUAA

145

180

Conf Ctr - at Conv Place

A&A

Dec 15

Advanced Issues in Compilation, Review and Accounting Services, 12:30PM-4PM

CL4CRA

145

180

Conf Ctr - at Conv Place

A&A

Dec 15

Financial Forecasting: Planning for Success, 12:30PM-4PM

CL4FFMD

145

180

Conf Ctr - at Conv Place

Dec 15

Estates and Trusts: Mastering Complex Income Tax Issues, 12:30PM-4PM

CL4ITET

145

180

Conf Ctr - at Conv Place

Tax

Dec 15

Doing More with Less: Lean Accounting and Management, 8AM-11:30AM

CL4LAMA

145

180

Conf Ctr - at Conv Place

Dec 15

Individual Income Tax Update, 8AM-11:30AM

CL4TSUI

145

180

Conf Ctr - at Conv Place

Tax

Dec 16

The CPA’s Role in Buying or Selling a Business, 8AM-11:30AM

CL4BASB

145

180

Conf Ctr - at Conv Place

Tax

Dec 16

Forensic Accounting: Uncovering Schemes and Scams, 8AM-11:30AM

CL4FAFR

145

180

Conf Ctr - at Conv Place

A&A

Dec 16

Analyzing Costs, Productivity and Efficiency: Three Ways to Boost Your Bottom Line, 8AM-11:30AM

CL4PYPL

145

180

Conf Ctr - at Conv Place

Dec 16

Revenue and Cash Receipts: Common Frauds and Internal Controls, 12:30PM-4PM

CL4RCR

145

180

Conf Ctr - at Conv Place

A&A

Dec 16

S Corporations: Strategies from Formation to Termination, 12:30PM-4PM

CL4SCORP

145

180

Conf Ctr - at Conv Place

Tax

Dec 16

Effective Workplace Communication, 12:30PM-4PM

CL4TNWIS

145

180

Conf Ctr - at Conv Place

Dec 16

Washington B & O and Sales Tax, 8AM-4PM

WSTX07

275

350

Conf Ctr - at Conv Place

Tax

Variable Interest Entity Consolidation Rules: Not Just a Big Company Issue!, 8AM4PM

VIE

275

350

-30

DoubleTree Guest Suites

A&A

Southcenter (Tukwila) Nov 14

Nov 15

AICPA’s Annual Update: Top 10 GAAP Issues Facing CPAs, 8AM-4PM

TTGP

275

350

-30

DoubleTree Guest Suites

A&A

ç Nov 16

The Top Ten Fraud Schemes: How to Detect and Prevent Them, 8AM-4PM

TMCF02

275

350

-30

DoubleTree Guest Suites

A&A

Nov 18

FASB Review for Industry, 8AM-4PM

FASBI02

275

350

-30

DoubleTree Guest Suites

A&A

Dec 12

Financial Forecasting and Management Decisions, 8AM-4PM

FFMD

275

350

-30

DoubleTree Guest Suites

Dec 21

Federal Tax Update - Individuals (Form 1040), 8AM-4PM

FTUI03

275

350

DoubleTree Guest Suites

Tax

Dec 22

Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065), 8AM-4PM

FTUB03

275

350

DoubleTree Guest Suites

Tax

www.wscpa.org

Networking Event | S Season Ticket and Coupons N/A

WashingtonCPA November/December 2011

Education and events

Fees Date

CPE Credits

Course

Code For more details, search by code at www.wscpa.org/cpe

Type

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

Spokane Nov 3

Nov 3

Nov 7

WKCP01

275

350

Hampton Inn Spokane

Tax

Accounting and Auditing Update, 12PM-2PM

CHSP02

Red Lion River Inn

A&A

180

215

CPE in Ethics: A Requirement in Washington State, 12:30PM-4PM

CENRW416

Happy Hour Networking Event, 5PM-7PM

NP13

S l

E. Clare Daniels Symposium, 12PM-2PM

CHSP07

Nov 8 Nov 9

Washington State Community Property and Estate Tax Law Update, 8AM-4PM S l

Ethics PD

The Spokane Club

Nov 10

Governmental & Nonprofit Annual Update, 8AM-4PM

GNAU01

275

350

Hampton Inn Spokane

GNP

Nov 10

S l

DATE CHANGE Venture Capital & Retirement Planning, 12PM-2PM

CHSP01

Red Lion River Inn

PFP

Nov 11

GAAP Update and Review for Small and Medium-Sized Entities (SMEs) by Walter Haig, 8AM-4PM

GURSME04

305

380

Hampton Inn Spokane

A&A

ç Nov 15

The Top Ten Fraud Schemes: How to Detect and Prevent Them, 8AM-4PM

TMCF01

275

350

Hampton Inn Spokane

A&A

Nov 17

Estate Tax Planning Update, 12PM-2PM

CHSP05

Red Lion River Inn

Tax

Nov 18

Compilation and Review Standards Update and Review by Walter Haig, 8AM-4PM

CRUR04

305

380

Hampton Inn Spokane

A&A

Dec 7

The Best S Corporation, Limited Liability, and Partnership Update Course by Surgent McCoy, 8AM-4PM

BCPE02

285

360

Hampton Inn Spokane

Tax

The Best Individual Income Tax Update Course By Surgent McCoy, 8AM-4PM

BITU02

285

360

Delving into the Top Twelve Issues for Partnerships, LLCs and S Corps, 8AM-4PM

DTT

275

350

-30 -30

Dec 8

Dec 13

S l

-30

Hampton Inn Spokane Steam Plant Grill

-30

Hampton Inn Spokane

Tax

Hampton Inn Spokane

A&A

Steam Plant Grill

Hampton Inn Spokane

Tax

Happy Hour Networking Event, 5PM-7PM

NP14

Dec 14

AICPA’s 2011 Individual Tax Review Series: Beyond the Basics, 8AM-4PM

TRBB

275

350

Dec 19

Audit Efficiency Workshop - A Realistic Approach, 8AM-4PM

AEW02

275

350

Hampton Inn Spokane

A&A

Dec 20

Annual Accounting Update and Review for Accountants in Industry, 8AM-4PM

AAUDI

275

350

Hampton Inn Spokane

A&A

Dec 13

Tacoma Nov 8

Nov 15

Construction Contractors: Accounting, Auditing and Tax, 8AM-4PM

CAAT02

275

350

Pacific Grill Events Ctr

A&A

Choosing the Best Entity Structure Under the New Tax Law in 2011, 8AM-4PM

CBES02

285

360

Pacific Grill Events Ctr

Tax

ç Nov 16

Complex 1040 Planning, Strategies and Solutions (Schedules A, C, D, E and Much More!), 8AM-4PM

CPSS

275

350

Pacific Grill Events Ctr

Tax

Nov 21

Washington B & O and Sales Tax, 8AM-4PM

WSTX05

275

350

Pacific Grill Events Ctr

Tax

Dec 5

Compilation and Review Engagement Essentials, 8AM-4PM

ICRE01

275

350

-30

Pacific Grill Events Ctr

A&A

-30

Dec 6

Accounting and Reporting Practices of Not-for-Profit Organizations, 8AM-4PM

FSNPO

275

350

-30

Pacific Grill Events Ctr

GNP

Dec 8

Advanced Tax Strategies for LLC & Partnership Transactions, 8AM-4PM

APLPT01

275

350

-30

Pacific Grill Events Ctr

Tax

ç Dec 12

Year-End Business Update, Planning Strategies and Compliance Review, 8AM-4PM

YEBU

275

350

Pacific Grill Events Ctr

Tax

Dec 13

Loscalzo’s Hands on Guide to Understanding and Testing Internal Controls, 8AM4PM

HGTC

275

350

Pacific Grill Events Ctr

A&A

Dec 14

The Top 50 Mistakes Practitioners Make and How to Fix Them: Dealing with the Internal Revenue Service, 8AM-4PM

IRSM

285

360

Pacific Grill Events Ctr

Tax

Dec 21

Forensics and Financial Fraud: Real-World Issues & Answers, 8AM-4PM

FFF02

275

350

Pacific Grill Events Ctr

A&A

-30

Vancouver Nov 7

Washington CPA Ethics and New Developments (WA State Requirement), 8AM11:30AM

CENRW405

180

215

Red Lion at the Quay

Ethics

Nov 7

S l

Professional Issues Update, 12:30PM-1:30PM

CHSW04

Who Song & Larry’s Mexican

Nov 8

CPE in Ethics: A Requirement in Washington State, 8AM-11:30AM

CENRW407

180

215

Red Lion Wenatchee

Ethics

Nov 9

Closely Held Business Taxation: 49 Practical Ways to Cut Taxes, 8AM-4PM

CHBT

275

350

-30

Red Lion Wenatchee

Tax

Nov 10

Taxation Essentials of LLCs, LLPs, LPs and Other Partnerships, 8AM-4PM

TLLLO01

275

350

-30

Red Lion Wenatchee

Tax

Wenatchee

Yakima Nov 15

S l

Banking in the Dodd-Frank Era, 7:30-9:30AM

CHYK07

Holiday Inn Yakima

Dec 20

S l

Estate Planning, 7:30-9:30AM

CHYK08

Holiday Inn Yakima

PFP

WashingtonCPA November/December 2011

Networking Event | S Season Ticket and Coupons N/A

www.wscpa.org

Education and events Fees

Date

CPE Credits

Course

Code For more details, search by code at www.wscpa.org/cpe

Type

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

Your Desk ç Nov 1

WEBCAST: Financial Statement Fraud Not Just Wall Street’s Problem, 8AM-4PM

WEB271

235

265

Webcast

Nov 1

WEBCAST - EVENING: A133 Audits – What Do I Need to Know? An Auditor’s Perspective for Auditors, 5PM-8:30PM

SWEB05

129

159

Webcast

A&A

Nov 1

WEBCAST - EVENING: A133 Audits - How Can I Do It Better? An Auditor’s Perspective for Auditors and Auditees, 5PM-8:30PM

SWEB10

129

159

Webcast

A&A

Nov 1

WEBCAST: Federal Tax Update-Individuals (Form 1040), 8:30AM-4:30PM

WEB71

255

295

Webcast

Tax

ç Nov 1

WEBINAR: 2011 Federal Tax Update for Business Entities, 8-10AM

WNR221

Webinar

Tax

Nov 2

WEBCAST: Federal Tax Update-C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065), 8:30AM-4:30PM

WEB73

255

295

Webcast

Tax

ç Nov 2

TOPIC CHANGE: WEBCAST: Working with Your QuickBooks Clients, 11AM-1PM

WEB72

Webcast

Tec

ç Nov 3

WEBCAST: A133 Audits: What Do I Need to Know? An Auditor’s Perspective for Auditors and Auditees, 8AM-11:30AM

WEB274

129

159

Webcast

A&A

ç Nov 3

WEBCAST: A133 Audits: How Can I Do It Better? An Auditor’s Perspective for Auditors and Auditees, 12:30PM-4PM

WEB276

129

159

Webcast

A&A

Nov 3

WEBCAST:Yellow Book Audits: What is Different About Yellow Book Audits?, 8AM-11:30AM

WEB356

129

159

Webcast

A&A

Nov 3

WEBCAST: GST Tax From A to Z, 8:30AM-4:30PM

WEB74

255

295

Webcast

Tax

ç Nov 3

WEBINAR: 2011 Federal Tax Update for Individuals: Income Items, 8-10AM

WNR222

Webinar

Tax

ç Nov 3

WEBINAR: 2011 Federal Tax Update for Individuals: Deductible Items, 11AM-1PM

WNR223

Webinar

Tax

ç Nov 4

WEBCAST: Tax Planning Strategies with Defined Benefit Plans, 9AM-12:45PM

WEB362

129

159

Webcast

Tax

Nov 4

WEBCAST: Family Law Conference, 8:30AM-4:30PM

WEB75

255

295

Webcast

Nov 5

WEBCAST - SATURDAY: Research and DeveloPMent Tax Credits: Do You Know the Tax Savings These Create?, 10AM-1PM

SWEB29

129

Webcast

Tax

Nov 7

WEBCAST: Accounts Receivable Management - “Part 1 of 6 of the Technical Controllers Series,” 8AM-11AM

WEB289

129

Webcast

ç Nov 7

WEBCAST: Managing the Accounting Function So You Become Invaluable “Part 2 of 6 in the Technical Controller Series,” 11:30AM-1:30PM

WEB295

109

Webcast

Nov 7

WEBCAST: Getting Stuff Done When You Don’t Own the Company - “Part 3 of 6 in the Technical Controllers Series,” 2PM-5PM

WEB302

129

Webcast

Nov 7

WEBCAST: FIN 48--Accounting for Uncertain Tax Positions, 8:30AM-4:30PM

WEB76

255

295

Webcast

A&A

ç Nov 7

WEBINAR: IFRS for Dummies!, 11AM-1PM

WNR224

Webinar

A&A

ç Nov 8

WEBCAST: It’s ALL in the Process! How to Generate Productivity and Breakthrough Improvements “Part 4 of 6 in the Technical Controller Ser, 8AM-11AM

WEB309

129

Webcast

ç Nov 8

WEBCAST: Setting the RIGHT Tone! A Finance Leader’s Best Tool for Employee Engagement “Part 5 of 6 in the Technical Controllers Series,” 11:30AM-1:30PM

WEB316

109

Webcast

Nov 8

WEBCAST: Money Talks! Presenting Financial Concepts with Ease “Part 6 of 6 in the Technical Controllers Series,” 2PM-5PM

WEB322

129

Webcast

Nov 8

WEBCAST: IFRS and Financial Reporting, 8:30AM-4:30PM

WEB77

255

295

Webcast

A&A

Nov 8

WEBINAR: QuickBooks - Online Banking, 11AM-1PM

WNR225

Webinar

ç Nov 8

WEBINAR: QuickBooks - Reconciling the Balance Sheet, 8-10AM

WNR226

Webinar

Nov 9

WEBCAST: Real Estate Conference, 8:30AM-4:30PM

WEB78

255

295

Webcast

Nov 10

WEBCAST: Dealing with Venture Capitalists, 8:30AM-4PM

WEB80

255

295

Webcast

Nov 10

WEBCAST: Introduction to International Taxation, 8:30AM-4:30PM

WEB79

255

295

Webcast

Tax

Nov 10

WEBINAR: Excel - Formulas and Functions, 10AM-12PM

WNR227

Webinar

Tec

Nov 10

WEBINAR: Excel - The Power of Pivot Tables, 7-9AM

WNR228

Webinar

Tec

Nov 11

WEBCAST: Tax Aspects of Bankruptcy: All Need Not Be Lost, 8:30AM-4:30PM

WEB81

255

295

Webcast

Tax

ç Nov 11

WEBINAR: Cyber Security Best Practices - What You Should Know and Do, 11AM-1PM

WNR229

Webinar

Tec

ç Nov 14

WEBCAST: Research and DeveloPMent Tax Credits: Do You Know the Tax Savings These Create?, 8AM-11AM

WEB283

129

Webcast

Tax

Nov 14

WEBCAST: Partnership and LLC Taxation: Advanced Issues, Including Transfers of Interests and Liquidations, 8:30AM-4PM

WEB82

255

295

Webcast

Tax

ç Nov 14

WEBINAR: Consolidating Data in Excel, 11AM-1PM

WNR230

Webinar

Tec

ç Nov 14

WEBINAR: Excel as a Fraud Detection Tool, 8-10AM

WNR231

Webinar

Tec

www.wscpa.org

Networking Event | S Season Ticket and Coupons N/A

WashingtonCPA November/December 2011

Education and events

Fees Date

CPE Credits

Type

Nov 15

Course

Code For more details, search by code at www.wscpa.org/cpe

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

WEBCAST: Washington CPA Ethics and New Developments (A WA Requirement), 12:30PM-4PM

WEB280

159

189

Webcast

Ethics

WEBCAST: Employment Practices Conference, 8:30AM-4:30PM

WEB83

255

295

Webcast

Nov 16

WEBINAR: Adobe Acrobat for Accountants I - Basic Features & Functions, 8-10AM

WNR232

Webinar

Tec

Nov 16

WEBINAR: Adobe Acrobat for Accountants II - Advanced Features & Functions, 11AM-1PM

WNR233

Webinar

Tec

Nov 17-18 16  Y WEBCAST: Not-for-Profit Conference, 8AM-4:30PM (1 non-technical credit)

WEBNFPC

375

Webcast

A&A

Nov 17

WEBCAST: California Fraud Case Studies, 8:30AM-4:30PM

WEB84

255

295

Webcast

A&A

Nov 17

TOPIC CHANGE: WEBCAST: Efficiency Tips and Tricks When Working with QuickBooks, 11AM-1PM

WEB85

Webcast

Tec

Nov 17

WEBINAR: Document Management Systems Software Review, 11AM-1PM

WNR234

Webinar

Tec

Nov 18

WEBCAST: Business Valuation: A Review of the Essentials, 8:30AM-4:30PM

WEB86

255

295

Webcast

ç Nov 18

WEBINAR: Outlook Part 1 - E-mail Management Tips & Techniques (Basic), 7-9AM

WNR235

Webinar

Tec

ç Nov 18

WEBINAR: Outlook Part 2 - E-mail Management Tips & Techniques (Advanced), 10AM-12PM

WNR236

Webinar

Tec

Nov 19

WEBCAST - SATURDAY: Change Management: Making Improvement, 10AM-12PM

SWEB36

109

Webcast

Nov 21

WEBINAR: Excel - Beginner Tips, Tricks & Techniques, 8-10AM

WNR237

Webinar

Tec

Nov 21

WEBINAR: Excel - Advanced Tips, Tricks & Techniques, 11AM-1PM

WNR238

Webinar

Nov 22

WEBINAR: Excel - Auditing Your Spreadsheets to Ensure Data Integrity, 8-10AM

WNR239

Webinar

Tec

ç Nov 22

WEBINAR: Windows 7 - Tips & Techniques, 11AM-1PM

WNR240

Webinar

Tec

ç Nov 23

Nov 28

ç Nov 28

WEBINAR: How is Mobile Computing Changing Business Practices Today? 8-10AM

WNR241

Webinar

Tec

WEBCAST: Audits of HUD-Assisted Projects, 8:30AM-4PM

WEB87

255

295

Webcast

GNP

WEBINAR: Excel Pivot Tables - Beyond the Basics, 8-10AM

WNR242

Webinar

ç Nov 28

WEBINAR: Workflow: Tips for Automating Business Processes, 11AM-1PM

WNR243

Webinar

Tec

Nov 29

WEBCAST: Auditing: Practical Application of Current Standards, 8:30AM-4:30PM

WEB89

255

295

Webcast

A&A

Nov 29

WEBCAST: Form 1041, 8:30AM-4:30PM

WEB88

255

295

Webcast

Tax

ç Nov 29

WEBINAR: Internal Controls for Computing Assets and Remote Access Usage, 8-10AM

WNR244

Webinar

ç Nov 29

WEBINAR: This Program Will Do What...??? 11AM-1PM

WNR245

Webinar

Tec

Nov 30

WEBCAST - EVENING: Change Management: Making Improvement Happen, 7PM-9PM

SWEB34

109

Webcast

Nov 30

WEBCAST - EVENING: The CFO’s Role in Banking and Financing, 6PM-8PM

SWEB40

109

Webcast

Nov 30

WEBCAST: Fraud: Essential Audit Tools and Techniques, 8:30AM-4:30PM

WEB90

255

295

Webcast

A&A

Nov 30

WEBCAST: Tax Planning and Compliance for Multinational Families, 8:30AM-4PM

WEB91

255

295

Webcast

Tax

ç Nov 30

WEBINAR: Cloud Computing: Taking Your IT Strategy to the Next Level, 11AM1PM

WNR246

Webinar

Tec

Nov 30

WEBINAR: Microsoft Office 2007/2010 - What’s New? 8-10AM

WNR247

Webinar

Tec

Dec 1

WEBCAST: Washington B & O and Sales Tax, 8AM-4PM

WEB266

235

265

Webcast

Tax

Dec 1

WEBCAST: Tax Issues in Divorce Webcast, 8:30AM-4:30PM

WEB93

255

295

Webcast

Tax

Dec 1

TOPIC CHANGE: WEBCAST: QuickBooks Data Analysis, 11AM-1PM

WEB92

Webcast

Tec

ç Dec 2

WEBCAST: Tax Planning Strategies with Defined Benefit Plans, 9AM-12:45PM

WEB363

129

159

Webcast

Tax

Dec 2

WEBCAST: Excel Tips and Techniques for Increased Productivity and Improved Financial Modeling--Intermediate, 8:30AM-4:30PM

WEB94

255

295

Webcast

Tec

Dec 2

WEBINAR: Auditing & Fraud Technology Tools, 8-10AM

WNR248

Webinar

Tec

WEBINAR: Accounting Changes & Regulatory Update, 7-8AM

WNR249

Webinar

A&A

ç Dec 2

ç Dec 5

WEBCAST: A133 Audits: What Do I Need to Know? An Auditor’s Perspective for Auditors and Auditees, 8AM-11:30AM

WEB275

129

159

Webcast

A&A

ç Dec 5

WEBCAST: A133 Audits: How Can I Do It Better? An Auditor’s Perspective for Auditors and Auditees, 12:30PM-4PM

WEB277

129

159

Webcast

A&A

Dec 5

WEBCAST:Yellow Book Audits: What is Different about Yellow Book Audits?, 8AM-11:30AM

WEB357

129

159

Webcast

A&A

WashingtonCPA November/December 2011

Networking Event | S Season Ticket and Coupons N/A

www.wscpa.org

Education and events Fees

Date

CPE Credits

Course

Code For more details, search by code at www.wscpa.org/cpe

Type

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

Dec 5

WEBCAST: Convergence 2011-Reformatted Financial Statements: The Times They Are a Changing! 8:30AM-4:30PM

WEB95

255

295

Webcast

A&A

Dec 5

WEBINAR: 2011 Federal Tax Update for Business Entities, 7-9AM

WNR250

Webinar

Tax

ç Dec 5

WEBINAR: 2011 Federal Tax Update for Business Transactions, 10AM-12PM

WNR251

Webinar

Tax

ç Dec 6

WEBINAR: 2011 Federal Tax Update for Individuals: Income Items, 7AM-9am

WNR252

Webinar

Tax

ç Dec 6

WEBINAR: 2011 Federal Tax Update for Individuals: Deductible Items, 10AM-12PM

WNR253

Webinar

Tax

ç Dec 7

WEBCAST: Tax Planning Strategies with Defined Benefit Plans, 9AM-12:45PM

WEB364

129

159

Webcast

Tax

Dec 7

WEBINAR: Adobe Acrobat for Accountants I - Basic Features & Functions, 8-10AM

WNR254

Webinar

Dec 7

WEBINAR: Adobe Acrobat for Accountants II - Advanced Features & Functions, 11AM-1PM

WNR255

Webinar

Dec 8

WEBCAST: International Tax and Business Conference, 8:30AM-4:30PM

WEB96

255

295

Webcast

Tax

Dec 8

WEBINAR: Adobe Acrobat for Accountants III - Tips & Techniques for the Experienced User, 7-9AM

WNR256

Webinar

Dec 8

WEBINAR: Evaluating and Selecting a Document Management System, 10AM12PM

WNR257

Webinar

ç Dec 9

WEBCAST: A133 Audits: What Do I Need to Know? An Auditor’s Perspective for Auditors and Auditees, 8AM-11:30AM

WEB329

129

159

Webcast

A&A

ç Dec 9

WEBCAST: A133 Audits: How Can I Do It Better? An Auditor’s Perspective for Auditors and Auditees, 12:30PM-4PM

WEB278

129

159

Webcast

A&A

Dec 9

WEBCAST:Yellow Book Audits: What is Different About Yellow Book Audits? 8AM-11:30AM

WEB358

129

159

Webcast

A&A

Dec 9

WEBCAST: Living Trust Administration Workshop, 8:30AM-4:30PM

WEB97

255

295

Webcast

ç Dec 12

WEBCAST: Research and DeveloPMent Tax Credits: Do You Know the Tax Savings These Create? 8AM-11AM

WEB284

129

Webcast

Tax

Dec 13

WEBCAST: Accounts Receivable Management - “Part 1 of 6 of the Technical Controllers Series,” 8AM-11AM

WEB290

129

Webcast

ç Dec 13

WEBCAST: Managing the Accounting Function So You Become Invaluable “Part 2 of 6 in the Technical Controller Series,” 11:30AM-1:30PM

WEB296

109

Webcast

Dec 13

WEBCAST: Getting Stuff Done When You Don’t Own the Company - “Part 3 of 6 in the Technical Controllers Series,” 2PM-5PM

WEB303

129

Webcast

ç Dec 14

WEBCAST: It’s ALL in the Process! How to Generate Productivity and Breakthrough Improvements “Part 4 of 6 in the Technical Controller Series,” 8AM-11AM

WEB310

129

Webcast

ç Dec 14

WEBCAST: Setting the RIGHT Tone! A Finance Leader’s Best Tool for Employee Engagement “Part 5 of 6 in the Technical Controllers Series,” 11:30AM-1:30PM

WEB317

109

Webcast

Dec 14

WEBCAST: Money Talks! Presenting Financial Concepts with Ease “Part 6 of 6 in the Technical Controllers Series,” 2PM-5PM

WEB323

129

Webcast

Dec 14

WEBCAST - EVENING: Research and DeveloPMent Tax Credits: Do You Know the Tax Savings These Create? 6PM-9PM

SWEB30

129

Webcast

Tax

Dec 15

TOPIC CHANGE: WEBCAST: Trouble Shooting Reports: Cash versus Accrual Operational, 11AM-1PM

WEB98

Webcast

Tec

Dec 15

WEBINAR: How to Go Paperless, 11AM-1PM

WNR260

Webinar

Tec

Dec 15

WEBINAR: XBRL Level 1 - The Next Evolution in Financial Reporting, 8-10AM

WNR261

Webinar

Tec

ç Dec 15

WEBINAR: Tax Depreciation Review & Update, 7-9AM

WNR262

Webinar

Tax

Dec 16

WEBCAST: Enterprise Risk Management for Small and Medium-Sized Enterprises (SMEs), 8:30AM-4PM

WEB99

255

295

Webcast

A&A

ç Dec 16

WEBINAR: Excel Pivot Tables - Beyond the Basics, 8-10AM

WNR263

Webinar

ç Dec 16

WEBINAR: Workflow: Tips for Automating Business Processes, 11AM-1PM

WNR264

Webinar

Tec

ç Dec 19

WEBCAST: Financial Statement Fraud Not Just Wall Street’s Problem, 8AM-4PM

WEB272

235

265

Webcast

Dec 19

WEBCAST: Advanced Excel- Workshop, 8:30AM-4PM

WEB100

255

295

Webcast

Tec

ç Dec 19

WEBINAR: Solving Small Business Accounting Issues with Peachtree, 11AM-1PM

WNR265

Webinar

ç Dec 19

WEBINAR: Tables: Excel’s 2nd Best Feature, 8-10AM

WNR266

Webinar

Dec 20

WEBCAST: Technology for CPA Firms, 8:30AM-4PM

WEB101

255

295

Webcast

Tec

ç Dec 20

WEBINAR: Cyber Security Best Practices - What You Should Know and Do, 10AM-12PM

WNR267

Webinar

Tec

Dec 20

WEBINAR: Excel - Auditing Your Spreadsheets to Ensure Data Integrity, 7-9AM

WNR268

Webinar

Tec

www.wscpa.org

Networking Event | S Season Ticket and Coupons N/A

WashingtonCPA November/December 2011

Education and events

Fees Date

CPE Credits

Course

Code For more details, search by code at www.wscpa.org/cpe

Type

WSCPA NonAICPA Member Member Member Discount Fee Fee

Facility

Subject

ç Dec 21

WEBINAR: IFRS for Dummies!, 10AM-12PM

WNR269

Webinar

A&A

ç Dec 21

WEBINAR: Internal Controls for Computing Assets and Remote Access Usage, 8-10AM

WNR270

Webinar

ç Dec 22

WEBINAR: Outlook Part 1 - E-mail Management Tips & Techniques (Basic), 8AM10am

WNR271

Webinar

Tec

ç Dec 22

WEBINAR: Outlook Part 2 - E-mail Management Tips & Techniques (Advanced), 11AM-1PM

WNR272

Webinar

Tec

ç Dec 23

WEBINAR: Outlook Part 3 - Calendar & Contact Management Tips & Techniques, 8-10AM

WNR273

Webinar

Tec

ç Dec 23

WEBINAR: Word - Advanced Tips, Tricks & Techniques, 11AM-1PM

WNR312

Webinar

ç Dec 26

WEBINAR: Cloud Computing: Taking Your IT Strategy to the Next Level, 10AM12PM

WNR274

Webinar

Tec

ç Dec 26

WEBINAR: 2011 Federal Tax Update for Business Entities, 8-10AM

WNR275

Webinar

Tax

Dec 27

WEBINAR: Excel - Beginner Tips, Tricks & Techniques, 7-9AM

WNR276

Webinar

Tec

ç Dec 27

WEBINAR: Excel - Advanced Tips, Tricks & Techniques, 10AM-12PM

WNR277

Webinar

Tec

ç Dec 27

WEBINAR: 2011 Federal Tax Update for Individuals: Income Items, 8-10AM

WNR278

Webinar

Tax

ç Dec 27

Dec 28

Dec 28 Dec 28

WEBINAR: 2011 Federal Tax Update for Individuals: Deductible Items, 11AM-1PM

WNR279

Webinar

Tax

WEBCAST: Washington CPA Ethics and New Developments (A WA Requirement), 8AM-11:30AM

WEB281

159

189

Webcast

Ethics

WEBINAR: Excel - Formulas and Functions, 11AM-1PM

WNR280

Webinar

Tec

WEBINAR: Excel - The Power of Pivot Tables, 8-10AM

WNR281

Webinar

Tec

Dec 29

WEBINAR: Adobe Acrobat for Accountants I - Basic Features & Functions, 7-9AM

WNR282

Webinar

Tec

Dec 29

WEBINAR: Adobe Acrobat for Accountants II - Advanced Features & Functions, 10AM-12PM

WNR283

Webinar

Tec

Dec 30

WEBINAR: Microsoft Office 2007/2010 - What’s New?, 7-9AM

WNR284

Webinar

Tec

Dec 30

WEBINAR: Windows 7 - Tips & Techniques, 10AM-12PM

WNR285

Webinar

Tec

Jan 3

WEBCAST: Form 1041 Workshop Webcast, 8:30AM-4:30PM

WEB102

255

295

Webcast

Tax

Jan 3

WEBCAST: Tax Exempt Organizations: Advanced Tax Issues, 8:30AM-4PM

WEB103

255

295

Webcast

Tax

Jan 4

WEBCAST: Fundamentals of 1031 Exchanges, 8:30AM-4PM

WEB105

255

295

Webcast

Tax

ç Jan 4

WEBCAST: The Art of High-End Estate Planning, 8:30AM-4:30PM

WEB104

255

295

Webcast

PFP

Jan 5

WEBCAST: Personal Financial Planning for the New Decade, 8:30AM-4PM

WEB106

255

295

Webcast

Tax

Jan 6

WEBCAST - Accounting’s Perfect Storm: Coming Changes That Will Impact the Entire Profession, 7-10AM

WEB368

129

Webcast

A&A

Jan 6

WEBCAST: Pension and Profit-Sharing Plan Strategies, 8:30AM-4PM

WEB108

255

295

Webcast

Jan 6

WEBCAST: Tax Procedure and Controversy-Principles and Strategies, 8:30AM4:30PM

WEB107

255

295

Webcast

Tax

Jan 9

WEBCAST: Washington B & O and Sales Tax, 8AM-4PM

WEB267

235

265

Webcast

Tax

Jan 9

WEBCAST: Federal and California Tax Update for Individuals, 8:30AM-4:30PM

WEB109

255

295

Webcast

Tax

ç Jan 9

WEBINAR: Outlook Part 1 - E-mail Management Tips & Techniques (Basic), 8-10AM

WNR286

Webinar

Tec

ç Jan 9

WEBINAR: Outlook Part 2 - E-mail Management Tips & Techniques (Advanced), 11AM-1PM

WNR287

Webinar

Tec

ç Jan 10

WEBCAST: Financial Statement Fraud Not Just Wall Street’s Problem, 8AM-4PM

WEB273

235

265

Webcast

ç Jan 10

WEBINAR: QuickBooks - Online Banking, 11AM-1PM

WNR288

Webinar

ç Jan 10

WEBINAR: QuickBooks - Reconciling the Balance Sheet, 8-10AM

WNR289

Webinar

Jan 11

WEBCAST: Private Foundations-- Advanced Tax Topics, 8:30AM-4:30PM

WEB110

255

295

Webcast

Tax

ç Jan 11

WEBINAR: Windows 7 - Tips & Techniques, 11AM-1PM

WNR291

Webinar

Tec

Need help finding a seminar, conference or webcast? Call the WSCPA at (800) 272-8273 or (425) 644-4800. To view the complete schedule of events, go to www.wscpa.org/CPE/catalog. The same high quality materials and speakers featured in many WSCPA conferences and seminars are available for CPE events for your firm. To learn more about WSCPA In-house Training, call (800) 272-8273 or (425) 644-4800 or e-mail ct@wscpa.org. ç New |  non-tech credits | E Ethics credits |  Conference | Y Yellow Book | C CFP | l Chapter event |

WashingtonCPA November/December 2011

Networking Event | S Season Ticket and Coupons N/A

www.wscpa.org

Registration

Questions? E-mail cpe@wscpa.org or call (425) 644-4800 or (800) 272-8273 (toll-free in Washington).

Code

Title

Date

City

Fee1

WSCPA CPE policies apply to all programs in the CPE Digest. Review the CPE policies at www.wscpa.org. www.wscpa.org

WashingtonCPA November/December 2011

classified ads

Detailed advertising information is available online at www.wscpa.org. Classified Ads are $1 per word, $40 minimum.Active E-mail and web site addresses count as two words and are $10 additional each. Positions available ads are for magazine placement only. To post a job listing, visit the Career Center at www.wscpa.org.

Considering Selling Your Practice? Consider all your options.We do the work. Confidential.We have buyers actively seeking practices. Call Mark Hause at 877-345-7722 or visit our website at www.accountingpracticesales.com. Accounting Practice Sales. We make dreams happen!

Contact Sharon Olene-Marander at (425) 586-1138, (800) 272-8273,Ext.1138,or classifieds@wscpa.org for more information. All ads must be pre-paid. See these and any new listings on our website under Newsroom. The submission deadline for the January/February issue is November 23, 2011.

IBA Sells Privately Held Companies. Do you represent a client who is ready to retire or has taken a company as far as they want to or can? IBA is the Pacific Northwest’s oldest business brokerage (M&A) firm.We are professional negotiators with over 4000 completed transactions. Please contact us if we can be of assistance at (800) 218-4422 or www.ibainc.com.

POSITIONS AVAILABLE Established Bellingham CPA firm is seeking experienced auditor to join our team of professionals. 5+ years of audit experience required. Collaborative working environment, excellent advancement opportunities and salary and benefits package.Submit resume and cover letter to Varner Sytsma & Herndon, CPA’s, 2200 Rimland Drive, Suite 205, Bellingham,WA 98226, Attn: H/R Established Bellingham CPA firm is seeking experienced CPA to join our team of professionals. 3+ years of tax experience required.Collaborative working environment,excellent advancement opportunities and salary and benefits package. Submit resume and cover letter toVarner Sytsma & Herndon,CPA’s,2200 Rimland Drive, Suite 205, Bellingham,WA 98226,Attn: H/R OFFICE SPACE Share Kirkland Office Space with two successful CPAs. 140+ sqft private office plus reception area and kitchen. Close to I-405 entrance; walking distance to waterfront, restaurants and shops. Call John (425)8273031 or Jim (425)822-6022. Fast growing East Vancouver location. Class A Office Space available for CPA practioner & staff. Built in 2008 Full service. Successful Financial Advisory Practice located in space. Contact Dan Foster at (360) 883-2623 ext. 101 or dan.h.fostercpa@ampf.com. Bellevue Offices. AV Bus/EP law firm has offices for small firm or solo practitioners. Great for startup! Relaxed park-like setting near DT Bellevue. Receptionist, copier/scanner/shredding, conf/seminar rooms, tax library, kitchen, shower + FREE PARKING for tenants/ clients, and with easy in & out + freeway access (I-405, I-90 & 520). George (425) 990-1572 or g.smith@ smithzuccarini.com. Office Share with Solo Attorney. Newly remodeled office in Federal Way business district near Celebration Park. Conference room, reception/secretary station, parking, fax, copier, internet, kitchen and utilities. Contact Eileen at emsfw@ earthlink.net or call (206)399-2046. MERGERS & SALES Successful tax and accounting firm seeks partner to transition ownership. Practice serves businesses in South King County. Please provide brief resume and contact information. Inquiries will be kept confidential. Respond to lplange@comcast.net.

PRACTICES FOR SALE Contact Mark Hause at Accounting Practice Sales by e-mail at MARKHAUSE@CONTACTAPS.COM or call 877-345-7722 for more information on the following practices: Bellingham CPA Firm for Sale: This CPA firm is a tax and write-up practice that focuses on small business. As a result, the firm predominantly renders tax and write-up services for a loyal group of clients who are accustomed to paying market rate fees along with being a strong referral source. The revenue dollars grossed by the firm break out 65% income tax and 33% write-up services and 2% for a small amount of compilation and review services. The client work load is continuous through the year with the normal increase in tax filing periods providing for a balanced workload and revenue stream. This practice has an excellent staff which further enhances the opportunity this firm provides for an accountant or firm looking for a quality practice to make their own.

CPA looking for $150,000-$250,000 size practice to purchase in the Bellingham area. Cash purchase. Please respond to Tom by phone, (707) 545-0701 or email, TJTCPA@aol.com. Everett/Bellevue Firm Looking for King and Snohomish County CPA firm and/or Registered Investment Advisory Company to purchase. We are the second largest CPA firm in downtown Everett, manage $135m and are looking to purchase another firm. Our client base is as broad as the services we offer, as we cater to individuals and small business. Please contact the owner,Brian Evans at 425-252-6909 or email to brian@ bauerevans.com. You can review our websites at www. bauerevans.com and www.bondstreetwealth.com. Shoreline CPA firm for sale or merger. 206-3646121. Ask for Dan. PRODUCTS AND SERVICES Have any restaurant clients who need hands-on help? 25 year CPA and former restaurant owner works complementary to you, consulting for operational and systems efficiency, profit improvement, POS assessment/implementation or exit strategy/restaurant sale. Certified QuickBooks ProAdvisor. Project based or hourly. Jean Klein, (206)795-4443. www.smallrestaurantspecialist.com. VOLUNTEER POSITIONS The following organizations need a CPA to serve on the board of directors and/or provide other guidance on financial matters. Learn more at www.wscpa.org (enter volunteer positions in the search box). ArtsEd Washington – New Citizens for Off-Leash Areas Congress for the New Urbanism – Cascadia – New Easter Seals Washington – New

EverettTax Practice(s) for Sale: The owner of this tax practice has three locations in Everett and a client count of approx. 900 individual tax returns. The practice resembles a national tax franchise which for several years was the case but is no longer affiliated with that organization. What remains are good locations with leases in place for two locations and/ or understandings for next tax year for the third location.This practice would be an excellent addition to any firm or business with designs on expanding or with excess capacity. The best news is that the owner will consider any reasonable offer for this business with significant upside potential. Spokane CPA Firm for Sale: This well rounded CPA firm renders professional services in the areas of write-up,income tax,compilation(s),review(s),and auditing. The firm has long term relationships with most of the clients while continuing to accept new business which fuels the continuing growth of the practice. The practice has a variety of clients in all industries but does serve a number of non-profit entities in a variety of capacities. The owner seeks to retire but would be available for transition to the new owner through tax season. This practice is primed for a new owner and continued prosperity.

WashingtonCPA November/December 2011

Emergency Feeding Program Families for Effective Autism Treatment Friends of Gordon Carter – New Global Breakthrough – New Hearing Speech and Deafness Center (HSDC) Helping Link Northeast Washington Education Council Relief and Education for Afghan Children The Swedish Finn Historical Society The Parkinson’s Project Transitional Resources – New Vision Loss Connections – New YMCA of Snohomish County – New

Follow WSCPA

www.wscpa.org

MEMBER profile

Contributing to the Success of Future CPAs

Dr. Marinilka Kimbro

ollege students in Washington State are fortunate to have the opportunity to learn accounting from Dr. Marinilka Kimbro, who was born and raised in San Juan, Puerto Rico. “I previously hated accounting, but Dr. Kimbro is the reason that I am now an accounting major! She knows how to keep students involved and interested in the lectures, while still offering crucial information,” said Sierra Dowling, who took Kimbro’s Managerial Accounting course at Gonzaga University. Dr. Kimbro helps her students learn accounting and also understand what it takes to succeed. “Dr. Kimbro pushes her students hard in order to prepare us for what the public accounting profession is like,” said Luis Vargas, a staff accountant at Ernst & Young in Seattle. “Dr. Kimbro was always there to provide guidance and help with anything, even outside of academic matters.” Dr. Kimbro, who has taught accounting at the University of Washington - Tacoma, and Gonzaga University, teaches Advanced Accounting, the Intermediate Accounting series, Strategic Management Accounting for the Health Leadership Executive MBA, and Fraud & Forensic Accounting at Seattle University. She recently answered these questions for The WashingtonCPA:

What is your educational background?

I majored in accounting, finance and economics with a minor in Greek and Roman Studies. I attended law school at the University of Puerto Rico and earned a PhD in Accounting with a minor in public policy from The University of Maryland in College Park.

to different audiences: cultures, ages and social backgrounds. The most rewarding is seeing my students flourish and feeling that I contributed a little to that success.

What are the highlights of your career so far?

Certainly having the opportunity to teach and work for nine years in France, Hong Kong, China and Spain has been extraordinarily satisfying. Training analysts at Goldman Sachs in Asia, and at the Hong Kong Securities and Futures Commission were also great experiences. But the real highlights occur when I receive e-mails from my former students sharing stories of their successes.

“I strive to stimulate intellectual curiosity in students and have them realize the life-long importance of being educated. Not just well trained, but educated.” I am passionate about showing students that by learning accounting and understanding how financial statements are created, they will become better decision makers and ultimately make a difference. I strive to stimulate intellectual curiosity in students and have them realize the lifelong importance of being educated. Not just well trained, but educated.

If you had not become an accounting professor, what career path would you have chosen?

Probably a veterinarian, a stage actress, or a florist. I enjoy so many things…

Why did you decide to become What is the most interesting, challenging or rewarding an accounting professor? I love teaching which gives me the aspect of your job? Why?

The most interesting part of my career opportunity to be around young minds. I also enjoy research and gaining knowl- is doing research. The most challenging edge to enhance and inform my teaching. has been trying to be an effective teacher www.wscpa.org

Do you have a favorite quote?

“The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn.” Alvin Toffler

What are your hobbies?

I love music, and I am a big supporter of the arts in all forms. I attend the Seattle Symphony regularly, rock and jazz concerts, theater, musicals and art exhibits. I am also an animal lover, and I have two bulldogs and an Indian ring neck parrot that talks a lot. I love traveling and everything that involves the ocean, especially scuba diving.

Anything else you want to share?

I’m married to David, a “head-hunter” in financial services. We have four children: Victoria, an art teacher; Rafael, a geneticist who just finished medical school; Jack, a musician who plays electric guitar and lacrosse, and snowboards; and Calvin, a 12 year old who loves jazz and plays piano and saxophone, and has attended UC-Berkeley and Yale University. We enjoy living in the gorgeous state of Washington. Of course, I go back to Puerto Rico as often as I can.

WashingtonCPA November/December 2011

Periodicals postage paid at Bellevue WA and additional mailing offices

Follow WSCPA www.wscpa.org

Your Profession. Your Future. Your Advocate.

Get ready for tax season. Take advantage of WSCPA member discounts and resources to help you prepare.

Tax updates... including:

Save 25% on the US Master Tax Guide! Offer ends Dec. 31 (details on page 11)

CPA Referral Service

Boost your client base! Sign up for the online Find a CPA Service (details on page 11)

www.wscpa.org Tel (425) 644-4800 or (800) 272-8273 (toll-free in WA) memberservices@wscpa.org

CPE

Andy Biebl’s Tax Advisor’s Update

Spokane - January 16, 2012 (BTAU01) Bellevue - January 17, 2012 (BTAU02) Register early for this popular tax update.

Members receive a discount on all tax updates and staff training seminars/ webcasts. Learn more inside, starting on page 24, or visit the CPE/Event catalog at www.wscpa.org/CPE/catalog (under the “Subject” menu, select “Taxation”).

Pacic Tax

Institute November 7-9, 2011 Seattle, WA

advanced updates on key federal tax topics top national experts and local favorites

designed for experienced tax practitioners