CFO Series: Minding the GAAP

Overview

*Register for 2 or more of MOCPA's CFO Series programs in person or virtual and save up to $240! Use promo code: CFO25 at checkout to receive discount. 

The CFO Series provides a convenient, one-stop way for CFOs and those who aspire to be CFOs, to an entire year of CPE with a single decision. Each day consists of a subject matter expert leading discussions about four different topics. The CFO Series features high-quality presentations and an interactive, executive level colleague-to-colleague approach with case studies, group discussions, and team exercises. 

Each topic and each day stand on its own. If you are not sure about making a multi-day commitment, sign up for just a single day. We think you will come back for more!

This presentation focuses on four key roles that every financial leader shares: Staying abreast and aware of the myriad changes in GAAP accounting, the impact on the balance sheet, correctly financing the organization, and properly paying state and local taxes. We must be vigilant and current. Many seasoned executives do not properly analyze the lease-versus-buy decision. GAAP is ever-changing. What are the issues that will impact our balance sheet? The spotlight is to enhance our financial skills and accounting. Accounting is always moving forward, just as we should. Otherwise, we may be left behind.

Highlights

oWhy do local jurisdictions, e.g., states, need more tax revenue?
•The creative new methods to raise taxes
oIncluding new taxes, rates, limits, exceptions, boundaries, etc.
oExporting the tax burden
oEmployee vs. independent contractors
oMobile workforce issues
•The myriad, novel schemes to tax
oFees and licensing matters
•Leading SALT software providers
oCommon implementation problems
oStates' expectations that technology makes compliance simple for the taxpayer
oDo the costs of compliance outstrip the taxes due?
•Officer liability for taxes – it is a real thing!
•How variable is SALT taxation?
oExamples of the differences
oEntity classification considerations in the SALT equation
oVariability by state and each county within each state
•The benefit/necessity of an annual review
•Risk reduction strategies

Prerequisites

None, preferably at least six (6) months of professional financial statement analysis experience.

Designed For

This seminar is ideal for financial leaders, financial managers, board members, CFOs, those who aspire to become a CFO, finance executives, accounting professionals, CPAs, controllers, accountants, advisors, and consultants; CPAs in public practice and CPAs in industry, and decision-makers seeking to enhance their financial acumen and excel as a leader in a world where accounting is changing.

Objectives

Recognize some of the numerous new methods that individual tax jurisdictions are employing to raise tax revenue and the impact on cross border (interstate) operations. Be aware of the changes in SALT taxation so your employer/clients can be in compliance.

Preparation

None.

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