Financial Management Network Webinar

In addition, the new link for the Golden West Council FMN Session is: https://home.kaplanlearn.com/portal/GoldenWest

Please Log-in at 8:55 AM to ensure polling questions are validated.
Note: To earn certification, one must be on for 50 Minutes and answer 3 of the 4 Polling Questions. Kaplan has become very strict.

Here are the June 2025 topics:

09:00 AM
Tariffs, Turbulence and the Bottom Line: Navigating U.S. Economic Shifts
Field of Study: Economics
Amid evolving tariffs and shifting monetary policy, Kyle Tushaus of New West Capital dissects 2025's macro landscape—growth, inflation, employment—and flags critical signals for finance teams. He explores new U.S. tariff regimes, sector-specific pressures, and accounting ramifications from costing to impairment, then outlines supply-chain strategies, hedging tactics, and disclosure best practices, offering CPAs forward-looking indicators and guidance for navigating persistent trade uncertainty.

10:00 AM
Transfer Pricing Traps and Tariff Troubles: What Every Accountant Needs to Know
Field of Study: Taxes
Steven Wrappe, National Technical Leader, Transfer Pricing, at Grant Thornton, discusses evolving IRS scrutiny of transfer pricing, highlighting ASC 740 compliance, increased audit risk, and penalty exposure under IRC Section 6662. He explains how tariffs complicate transfer pricing by impacting import valuations and U.S. taxable income. Wrappe emphasizes the need for robust documentation, proactive risk assessments, and strategic pricing adjustments. He also examines landmark cases like Amgen and the operational uncertainties created by volatile tariff policies.

11:00 AM
Mind the GAAP: NFP Edition
Field of Study: Accounting
Phil Marciano, partner at Citrin Cooperman, outlines the most frequent financial statement pitfalls he encounters while reviewing not-for-profit organizations. He highlights improper classification of assets and lease items, mishandling of conditional versus unconditional contributions, board-designated versus donor-restricted net assets, errors in functional expense and cash-flow presentations, and overlooked non-cash gifts. Marciano stresses robust internal controls, staff training, and vigilant board oversight to avoid these GAAP violations.

12:15 PM
Behind the Audit Curtain: Demystifying the CPAR Regime
Field of Study: Auditing
The IRS's new Centralized Partnership Audit Regime shifts much of the audit burden onto partnerships themselves. Colin Walsh, partner at Baker Tilly, explains that the rules introduce new adjustment options, heighten potential costs, and complicate filing decisions. He offers broad strategies for navigating the change and emphasizes the need for an engaged partnership representative as the guidance and enforcement landscape keeps evolving.

Where?
Virtual from your home

Login to your Kaplan account to access the virtual classroom at:
https://home.kaplanlearn.com/portal/GoldenWest