A continuing education (CPE) event for accounting and finance professionals. The program allows you to earn four hours of CPE credit, keep up-to-date on accounting and finance issues and network with other professionals.
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.
If you are new to this program, please register with us by Friday prior to the session
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 May 2024 topics:
09:00 AM
New Guidance on Accounting for and Disclosure of Crypto Assets
Field of Study: Accounting
Crypto assets have evolved from the inception of Bitcoin in 2009 to a diverse ecosystem encompassing thousands of digital currencies. This evolution has witnessed increased adoption, regulatory scrutiny, and innovation in blockchain technology. Aaron Jacob, Vice President of Accounting with TaxBit, joins this segment to discuss the FASB's new accounting standards update related to crypto assets, including the assets in scope, recognition, presentation, and disclosure requirements, as well as considerations for companies when adopting the new amendments.
10:00 AM
Unleashing Efficiency: Harnessing AI for Next-Level Accounting
Field of Study: Information Technology
These days, integrating AI into an organization's business and finance processes is no longer an if, but a when. AI-based tools empower accountants and financial professionals to perform financial processes and analyses with ever-increasing speed. Dr. Mfon Akpan, Methodist University, and Dr. Scott Dell, Francis Marion University, discuss the use of AI and natural language processing in the accounting profession. They show us how CPAs can utilize AI to significantly improve productivity and efficiency in tax research, compliance, client relationships, and financial data analysis.
11:00 AM
Cost Segregation: Overview of Effective Tax Strategies
Field of Study: Taxes
Cost segregation is a valuable tax planning tool for businesses owning or investing in commercial properties, offering the potential for substantial tax savings and improved cash flow. Isaac Downing, Senior Director with Omega Accounting Solutions, joins this segment to discuss the benefits of cost segregation. In addition, Isaac guides us through when to perform a cost segregation study, when not to perform a study, the types of qualifying assets involved, as well as how bonus depreciation can also be leveraged to unlock additional tax savings.
12:15 PM
The Tax Advisor: From Compliance to Planning
Field of Study: Personal Development
Transitioning from tax compliance to tax planning involves shifting from a reactive approach to a proactive strategy, all while leveraging tax-based knowledge to optimize tax liabilities and maximize financial outcomes for clients. Jim Guarino, Managing Director of Baker Newman Noyes, joins this segment to discuss the considerations when making this transition, including some of the benefits that can be achieved post transition, and the skillsets needed to be successful in the tax planning field.
Cost: $40 Pay through PayPal
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