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Come join us for MSCPA’s 2nd Industry Conference

MSCPA Industry Conference March 23 & 24, 2011

Best Western Great Northern Hotel, Helena


The CPAs working in the industry, government and not-for-profit arena told us, “We want CPE designed to meet our needs.� You spoke. We listened. This two-day conference will be filled with a variety of classes that focus on topics the MSCPA Industry Group hand-picked. We encourage you to share this information with anyone you feel might benefit from this conference.

Sponsors

Worth up to 16 hours of CPE including two hours of Ethics. Register online at www.mscpa.org or call 406-442-7301.


March 23 - Wednesday

M S C PA I n d u s t r y C o n f e r e n c e

7:00 – 8:00 Continental Breakfast 8:00 – 9:45 Keynote Address: Economics - 2011 & Beyond - Dr. Stephen Happel, Professor of Economics at the Arizona State University W.P. Carey School of Business In this Keynote Dr. Happel will give an overview of U.S. and Montana economics. Current Presidential and Federal policy will be discussed along with forecasts and projections for the next three years. Dr. Stephen Happel has been a Professor of Economics at the Arizona State University W.P. Carey School of Business since 1975. He received a BA in mathematics and PhD in economics from Duke in 1976. Dr. Happel is founding director of the ASU School of Business Honors Program and served as Associate Dean of Undergraduate Studies from 1991 to 1999. 9:45 – 10:15 Vendor Break 10:15 – 12:00 Concurrent Sessions Session 1: Tech Update 2011- Tommy Stephens, K2 Enterprises What technology should I consider for the best return on my investment? This classic overview of hardware, software and trends in the industry will emphasize the latest technology. This session will cover the business opportunities for technology, software and hardware to buy and avoid and help you make the right strategic technology choices. Thomas G. Stephens, Jr., received a Bachelor of Science in Business Administration degree (Major in Accounting) from Auburn University in 1985. He began working for an Atlanta-based public accounting firm. After earning his designation as a CPA, he worked for BellSouth Corporation as an Internal Auditor. Mr. Stephens also attended graduate school, earning a Masters of Science (Major in Finance) from Georgia State University in 1992. He has lectured nationally on subjects such as internal controls for small businesses, practice management and marketing, computer hardware and software applications, tax strategies and compliance, and financial accounting standards and applications.

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March 23 - Wednesday

M S C PA I n d u s t r y C o n f e r e n c e Session 2: Making Management Smarter: Asking the Right Questions from a Lean Perspective - Eliot Sherman, CPA, Lecturer in Finance at Northeastern University and Professor of Finance at the Hult International Business School The business world has changed; the rules are all different. To succeed in this new world, we need to ask different questions, measure different results and develop different answers. Over the past few years we have become smarter as we have dealt with these changes and evolved our business thinking. This discussion will highlight some of the managerial improvements and re-examine some of the ways management has gotten better at understanding the new reality. Eliot H. Sherman, CPA, is a Lecturer in Finance at Northeastern University, teaching classes to undergraduates, MBA and MSF students in the College of Business. He is also Professor of Finance at the Hult International Business School, an accelerated MBA program specifically geared to international students. Prior to joining Northeastern’s full-time faculty, he served as Chief Financial Officer, Treasurer, and Director of Gloucester Co. Inc. and as Partner and Chief Financial Officer of Venture Builders. Earlier, he was principal of his own consulting firm providing strategic and operational planning assistance and financial management guidance to smaller, growing businesses.

12:00– 1:00 Lunch 1:00 – 2:45 Concurrent Sessions Session 1: Can Your Organization Handle the Truth? - Jim Alderson, CPA In this session you will learn to encourage internal whistleblowing to discourage external whistleblowing, why internal whistleblowing policies don’t work, the barriers to a successful internal whistleblowing program, steps for creating a whistleblowing culture, a Rabbi’s gift, a policy for reporting wrong doing, it must be endorsed from the top down, publicize the commitment, inaction will let the cynics win, assess your internal system, how whistleblowers won cases and picking a new CEO and the man in the glass.

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Jim Alderson is a CPA with an extensive background in health care. Jim grew up in Bozeman and after graduating from Montana State University with a degree in accounting, he worked for Arthur Andersen & Co. for three years. This was followed by 10 years in private practice as a CPA, 13 years as a hospital CFO and 3 years as a health care consultant. His role as a


March 23 - Wednesday

M S C PA I n d u s t r y C o n f e r e n c e whistleblower in the Columbia/HCA and Quorum Health cases resulted in the biggest health care fraud case in history. He has been featured in the New York Times, Modern HealthCare, on the BBC and CBS’s 60 Minutes with Mike Wallace. He speaks from the heart of his experiences and is a classic example of how one person can make a difference.

Session 2: Cloud Computing - Tommy Stephens, CPA, K2 Enterprises Cloud Computing. You have heard about it for years, but now it is finally here. In this session, you will learn about cloud computing, including the available alternatives and some of the potential benefits and risks associated with moving to the cloud. Included in this session are reviews of various cloud-based solutions, including accounting solutions, spreadsheets, document management and data storage. Learn about the future of cloud computing by participating in this session.

2:45 – 3:15 Vendor Break 3:15 – 5:00 Roundtable Discussions • Emerging Issues • Internal Controls • Legislative • Banking & Technology • NFP Issues & Best Practices • Preparing/Working with Your Auditor 5:00 – 7:00 Reception Come join us for a social time! Sponsored by Galusha Higgins & Galusha PC

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March 24 - Thursday

M S C PA I n d u s t r y C o n f e r e n c e

7:00 – 8:00 Continental Breakfast 8:00 – 9:45 Health Care Reform: Legislative Perspective - Tom Reeder, Senior Benefits Counsel on Chairman Baucus’ staff of the Senate Committee on Finance This program will provide highlights from the Affordable Care Act that are of particular concern to CPAs. Tom Reeder is involved in analyzing health, retirement, deferred compensation, savings, fringe benefits, employment tax matters and advising Chairman Baucus regarding those issues. Before joining the Finance Committee staff in June of 2009, Mr. Reeder was Benefits Tax Counsel in the Office of Tax Policy at the Department of the Treasury. In that position, he had a similar work portfolio as he has at the Finance Committee, but was also involved in the regulatory and guidance process. 9:45 – 10:15 Vendor Break 10:15 – 12:00 Concurrent Sessions Session 1: Legislative Update - Ed Bartlett, JD; Jon Bennion, JD, Montana Chamber of Commerce; Jane Egan, Executive Director, MSCPA This Legislative Update will give you a behind the scenes look at the 2011 Legislature. The panelists will update you on what’s happened to date and share their predictions of how this Session will affect your business from medical marijuana and worker’s comp to business taxes and development. Ed Bartlett is an attorney and lobbyist from Billings. Ed has worked extensively with MSCPA developing the Legislative Colleges. He is a huge legislative proponent for Montana businesses.

Jon Bennion is an attorney and Government Relations Director for the Montana Chamber of Commerce. He is an intrepid advocate for all Montanans. Jane Egan is the Executive Director of the Montana Society of CPAs and works tirelessly as the advocate and voice of the accounting profession in Montana.

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Session 2: Current Trends in Human Resource - Kim Morrison, Senior Analyst, Federal Reserve Bank of Minneapolis Montana’s CPAs in industry wear many hats, one of the most important of which is recruiting, selecting, managing and engaging the important people who work for them. This course is designed to touch on the many


March 24 - Thursday

M S C PA I n d u s t r y C o n f e r e n c e current trends in Human Resources that affect your role as a manager and a strategic business partner in your organization including: • Diversity and the changing workforce • Work-life balance • Employee retention • Performance management and discipline • Managing employees in the wake of downsizings and tight budgets • Succession planning • Rising healthcare and other benefits costs Kim Morrison has a BA from the University of Montana-Missoula and an MBA from the University of Oregon in Eugene. She has 13 years of experience as a Human Resources professional.

12:00 – 1:00 Lunch

1:00 – 2:45 Concurrent Sessions Session 1: Health Care Reform - Insurance Perspective - Becky Byrne, Western States Insurance; John Fling, MHA; Monica Lindeen, Montana State Auditor CPAs want to know how will this law impact their clients in 2011, 2012, 2013, 2014. What is our State doing to support healthcare reform? In all of this what are the estimated additional costs to employers, taxes ,credits and what options/mandates impact employers in 2014? John W. Flink is Vice President for Government and Public Affairs at MHA (formerly the Montana Hospital Association). Mr. Flink possesses an extensive background in federal health care issues and a thorough knowledge of the legislative process.

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Monica J. Lindeen is Montana’s Commissioner of Securities and Insurance and State Auditor. The role of her office is to protect consumers, advancing Insure Montana to assist small businesses, promote wellness and preventive care and harness technology to improve health care for all Montanans. Ms. Lindeen is a member and Vice-Chair of the NAIC Health Insurance and Managed Care (B) Committee, Chairs the NAIC Designated Program Advisory Board, is a member of the NAIC Executive (EX) Committee, Finance Committee and serves on a number of task forces related to implementing health insurance reform.


March 24 - Thursday

M S C PA I n d u s t r y C o n f e r e n c e

Becky Byrne has used her 22 years in the insurance industry to focus on a 3-5 year benefit strategy incorporating employee health/productivity, benefit designs that support choice, education direct to the consumer and incentives that create a healthier workforce. She works for medium to large employers throughout Montana.

Session 2: FASB Update - Jim Woy, CPA, Anderson ZurMuehlen & Co PC This session will help the participant understand the FASB codification project that was implemented effective July 1, 2009. The session will distinguish between Accountings Standards Codification (ASC) and Accounting Standards Updates (ASU). The session will also summarize recently issued accounting standards impacting preparers of financial statements including a summary of Statement on Accounting and Review Standard (SSARS) No. 19 which is effective for compiled and reviewed financial statements with years ended December 31, 2010 and later. Jim is an audit partner with Anderson ZurMuehlen & Co., P.C. with twentyone years of public accounting experience. He has served as president of the Montana Society of CPAs, a technical reviewer for the MSCPA Peer Review Committee and Report Reviewer for the Montana Board of Public Accountants Professional Monitoring Program. He has served as a member of the AICPA’s Technical Issues Committee and is an adjunct instructor of auditing at Montana Tech of the University of Montana, as well as an Advisory Board member of Norwest Banks, Butte, and past President of the Butte Family YMCA and the Butte Exchange Club. His client base includes numerous nonprofit entities.

2:45 – 3:15 Vendor Break 3:15 – 5:00 Roundtable Discussion These roundtables will be in a different format than the Wednesday Roundtables. The topics will not be announced until 3:15 on March 24.

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M S C PA I n d u s t r y C o n f e r e n c e

Worth up to 16 hours of CPE including two hours of Ethics. Register online at www.mscpa.org or call 406-442-7301. If you cannot attend the entire conference but would like to get your ethics credits at Jim Alderson’s class at 1:00 p.m. Wednesday (March 23rd) we offer special pricing to accommodate your schedule.

Vendors Include Banc Certified Merchant Services

C o n f eren ce Pricin g : MSCPA Members $280 Non-Members $380 Ethics only Members $100 Ethics only Non-members $175 Register Today!

JCCS PC Montana Chamber Choices

Montana Society of CPAs 33 S Last Chance Gulch Ste 2B Helena, MT 59601 406.442.7301 800.272.0307

www.mscpa.org


Industry Conference 2011