Due to COVID-19 this will be a Virtual Meeting
Continuing Professional Education: 4.0 Hour CPE
One of the most valuable products offered by the Institute of Management Accountants. The FMN (Financial Management Network) is a live DVD training program introducing and explaining up-to-the-minute accounting and finance issues. By viewing the DVD and participating in the group discussion you will earn four hours of CPE credit.
Overall, the program allows you to keep current with the changes and impacts in many facets of the Accounting and Finance industry.
These CPE Sessions are conducted under the IMA's Global Core Values and IMA's Statement of Ethical Professional Practice. Adherence to these statements are required to participate in this event.
April 2021 topics:
Global Tax & Transfer Pricing Strategies: What Lies Beneath – Part I
Field of Study: Taxes
Transfer pricing is an accounting and tax practice used to determine the cost of goods or services rendered within businesses and between departments, subsidiaries or holding companies that operate under common control or ownership. But there is a risk that lies beneath transfer pricing, and that risk is tax manipulation. It is often a way to shift tax liabilities to a lower-tax jurisdiction or even another country, as transfer pricing can extend to both domestic and global markets. Marina Gentile, lead of the Global Transfer Pricing Strategies practice, and Chaya Siegfried, international tax partner, at Withum discuss how transfer pricing goes hand in hand with an effective global tax structure and how proper planning is key.
Global Tax & Transfer Pricing Strategies: What Lies Beneath – Part II
Field of Study: Taxes
As the world is slowly coming out of the pandemic, companies are reevaluating their day-to-day operations, levels of performance within various departments, affiliates and subsidiaries, as well as customer and supplier relationships. Many companies have gone out of business, leaving customers to look for alternatives in their supply chain, while others have reorganized, transitioned to a virtual platform and switched from supply chains overseas to domestic or local manufacturers. As a result, their existing transfer pricing policy may no longer reflect the new corporate structure and intercompany cash flows. Chaya Siegfried, international tax partner and Marina Gentile, lead of Global Transfer Pricing Strategies practice at Withum, continue our segment by discussing the impact of the current environment on global tax and transfer pricing.
Blockchain Ledgers – The Accounting of Tomorrow
Field of Study: Information Technology
At its most basic level, blockchain is a ledger sitting in multiple different computers, a chain of blocks made up of digital pieces of information. It is decentralized and it is not necessarily controlled by a single entity or a single individual. Once information is entered, it is there to stay. It is irreversible, it can’t be changed, deleted or eliminated. If a correction needs to be made, a new transaction has to be recorded that has to be approved by all parties involved and it is added to every participant’s ledger. Dave Sackett, CFO at ULVAC Technologies, Inc. discusses how the blockchain ledger works, its use in the accounting world and how it can be integrated with the company’s general ledger.
Internal Audit & The Use of Audit Data Analytics
Field of Study: Auditing
The use of business analytics, and audit analytics in particular, can be beneficial across several industries, including internal audit. The difference between business data analytics and audit data analytics is that audit data analytics tend to focus on risks and controls of the organization or their underlying business, whereas business data analytics tend to be focused on wider areas. Audit departments, both external and internal, can really leverage these new techniques and look across the organization's data, identify those existing risks, or even predict new and emerging risks, and then help their organization to decisively mitigate those risks. Anya Drake, director at Protiviti, discusses the various skills, technologies and methodologies she sees across industries and their internal audit departments.
Time: 9:00 am to 1:00 pm
Virtual from your home:
You need to receive a login from Kaplan (our video vendor) by email to access the virtual classroom.
Note: You will be asked to validate that you are online automatically throughout the sessions to make sure you are NSBA compliant.
Cost: $40.00 (Payment thru PayPal: www.paypal.me/IMA112)
Registration: Tricia Scalzo