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Skyscapes Celebrating 80 years

JANUARY 2012 Vol. 4 Issue 3

IN THIS ISSUE

Circular 230: The Board of Accountancy Rules Cheryl Hayward, CPA & Virginia (Ginger) Powell, CPA

Recognizing & Relating to Four Behavioral Styles Rich Drinon

Clarity Project: Implementing AICPA’s Clarified SASs

Newsletter of the Kansas Society of CPAs


Skyscapes

Congratulations KSCPA and Members!

JANUARY 2012 Vol. 4 Issue 3

This month begins a year of celebration – the 80th year of the Kansas

Society of CPAs! A lot has happened since the KSCPA was founded on October 17, 1932. In 1936, the KSCPA had $178.07 and there were 79 members in 1944. The Board of Accountancy was created in 1951, and the KSCPA joined forces with the Board in 1970 to support legislation that established a baccalaureate or higher degree with a major or concentration in accounting to sit for the CPA exam. Effective July 1, 1975, CPE became a requirement for permit renewal, giving a boost to membership and revenue. In 1977, membership reached 1,000. 1979 marked the end of the prohibition on CPA advertising and in 1992, the Board of Accountancy voted to permit CPAs to receive commissions and referral fees.

In 1989, the KSCPA board of directors adopted a policy to support the 150-hour education

requirement to sit for the CPA examination, and this became law effective July 1, 1997. In 1989, the KSCPA began administering the AICPA quality review program in Kansas, and legislation mandating quality review for Kansas permit renewal was signed into law in 1993. Legislation passed to allow the CPA examination to become computerized in April 2004.

These are only a few milestones from the KSCPA history book. Today, the KSCPA has more than

2,800 members and a budget of approximately $1.1M. For more about the history of the KSCPA, click here.

The cover of this edition of Skyscapes speaks volumes about who we are and most will never change.

Change is a given, however, and change is happening fast in a world of short-term focus. The long-term view, however, is what makes us strong, and the human dynamics in the KSCPA membership makes us even stronger.

The KSCPA leadership first crafted a formal strategic plan in 2003, almost 10 years ago. The plan

outlines our shared vision/purpose, mission, core values, and strategic objectives. Our leaders meet biannually to review the plan, identify “big rocks,” and propose action items.

Check out our 4th “20 up to 40” group of participants beginning on page 18. The group met in

Topeka on January 19-20, and I had the pleasure of proposing a challenging group project; namely, to study the current KSCPA vision, mission, core values, and strategic objectives, and to propose changes, if any, from the viewpoint of a young professional. Yes, many of us are on the cusp of retiring (over 60% of our male members are over the age of 50), and sustainability of our society and profession is critical. Strong leadership is essential. The participants will work on their project over the coming year with input from our leaders and leadership coaches. They will present their ideas at the 80th Annual Meeting on November 14 at the Hyatt in Wichita. This is a meeting you do not want to miss! In addition to our usual professional issues update and leadership meetings, an 80th anniversary gala will be held the evening of November 14 with a special performance by Lonnie McFadden and his jazz group.

Over the coming months, I will review the current “big rocks” and invite all members to participate

in the future of the KSCPA and the profession. I remember when the AICPA celebrated the 100th year, and we are now celebrating 125! We can look forward to marking 100 years of the KSCPA in 2032 as we continue to evolve as professionals and leaders. Warm Regards, Robert Schuster 79th Chair of the KSCPA

Officers Robert J. Schuster, Chair, Designated AICPA Council Representative M. Aron Dunn, Vice Chair Melinda A. Hitz, Secretary/Treasurer John H. Bruckner, Immediate Past Chair Board of Directors (Term Expires 2012)

Chet Buchman M. George Durler Lewis R. Erickson Gregg C. Goodwin Michelle Schneider

Board of Directors (Term Expires 2013)

James K. Boomer Ginger L. Farney Carolyn C. George Mindi A. Ormiston Matthew R. List

Board of Directors (Term Expires 2014)

Rebecca J. Casey Sean M. Copp Charles Gnizak Trisha A. Cavanaugh James A. Wurbs Rodney G. Van Norden, KSBOA Liaison Gary C. Allerheiligen, AICPA Council Rep.

Educational Foundation Board of Trustees John C. Rich, Chair Norman P. Hope, Vice Chair Kenneth A. Selzer, Secretary/Treasurer Kyle J. Hawk John W. Denney Paul T. Mason Cheryl G. Hayward Johanna D. Lyle Political Action Committee Denis W. Miller, Chair James T. Clark, Treasurer DeAnn A. Hill Eric J. Larson Leon C. Logan Kathryn J. Mitchell Michael V. Rogers Mary R. MacBain, CPA.CITP President/CEO Karen Mitchell, CPA Finance Director Marlene Shellenberger, Administrative Manager Danielle Bulson, Membership & Communications Coordinator Kevin Moravec, Graphic Designer Rita Barnard, Peer Review Administrator Editors: Mary R. MacBain, Editor-in-Chief Contributing Writers: Cheryl Hayward, CPA; Virginia (Ginger) Powell, CPA; Rich Drinon; Marlee Carpenter; The Kansas Society of Certified Public Accountants, Inc. 100 SE 9th Street, Suite 502 Topeka, KS 66612-1213 Phone: 785.272.4366, FAX: 785.272.4468


CONTENTS FEATURES

04

Circular 230 and Board of Accountancy Rules by Cheryl Hayward

08

Recognizing & Relating to Four Behavioral Styles by Rich Drinon

12

Member Profile

14

Steve Anderson, CPA

DRINON'S LEADERSHIP EXPRESS

Recognizing & Relating to Four Behavioral Styles

MEMBER PROFILE

Steve Anderson UPDATES AND UPCOMING EVENTS 15 16 18 22

KMAG Update Update on Peer Review Meet the 2012 “20 up to 40” Participants KSCPA News

23

Chapter News & Member News

24 25 26 28 30 34 36

New KSCPA Members Legislative Update “20 up to 40” Leadership Program: Topeka Session Legislative Reception CPE Member Survey Professional Development Classified Ads

New CPA Passers and In Memoriam

Upcoming chapter meetings and a look at the accomplishments of our members from across the state

Statements of fact and opinion are made by authors alone and do not imply an opinion on the part of the officers or members of the KSCPA. Publication of an advertisement in Skyscapes does not constitute an endorsement of the product or service by Skyscapes or the KSCPA. Copyright © 2012 Kansas Society of CPAs; Topeka, KS. All rights reserved.

Clarity Project:

Implementing AICPA’s Clarified SASs


January 2012

Circular 230

and Board of Accountancy Rules Article by Cheryl Hayward, CPA & Virginia (Ginger) Powell, CPA

T

he recent changes to Circular 230 have given many practitioners a chance to revisit the primary publication governing practice before the Internal Revenue Service. Although the implementation of the Registered Tax Return Preparers and the PTIN programs has garnered most of the attention of practitioners, there are other changes that could have a significant impact on the way CPAs conduct their practice. Many of the duties and restrictions contained in Circular 230 are similar to provisions of the Kansas Board of Accountancy Laws and Regulations. A chart is included that provides a comparison of selected provisions of Circular 230 and the comparable sections of the Kansas Statutes Annotated (K.S.A.) and Administrative Regulations (K.A.R.). K.A.R. Section 74-5202 requires licensees to comply with the rules of other authoritative bodies. Given mobility, licensees could find themselves subject to the rules of well over 175 separate organizations and agencies. Practitioners should pay particular attention to Subpart B of the Circular, Duties and Restrictions Relating to Practice Before the Internal Revenue Service. Certain provisions of Subpart B are discussed below. RETURN PREPARATION AND PRACTICING BEFORE THE IRS I believe the most overlooked change to Circular 230 has to do with the addition of a new section dealing with return preparation and the application of the duties and restrictions regarding practice before the Internal Revenue Service. Prior to the addition of Circular 230 Section 10.8, it was unclear if the preparation of tax returns constituted practice before the IRS. Many commentators took the position that preparation of tax returns did not constitute practice before the Internal Revenue Service

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Many of the duties and restrictions contained in Circular 230 are similar to provisions of the Washington Public Accountancy Act and Board Rules. and, therefore, tax return preparers were not subject to all of the rules of Circular 230. New Section 10.8 clearly indicates any individual who is compensated for the preparation or assists with the preparation of all or substantially all of a tax return or claim for refund is subject to the duties and restrictions related to practice before the Internal Revenue Service. With the clarification that tax return preparers are subject to all of the duties and restrictions regarding practice before the Internal Revenue Service, it is the rules contained in Circular 230 Section 10.29 regarding potential conflicts of interest that may result in violations for unaware practitioners and licensees. Circular 230 indicates a conflict of interest exists in two situations; first, if the representation of one client will be directly adverse to another client; second, there is a significant risk that the representation of one or more clients will be materially limited by the practitioner’s responsibilities

to another client, a former client or a third person, or by a personal interest of the practitioner. Although the term “representation” is not defined in Circular 230, its use in other sections of Circular 230 clearly includes the preparation of tax returns. A conflict of interest could exist when a practitioner prepares tax returns for a flow-through entity and also prepares the tax return for one or more of the beneficiaries, partners or shareholders. The treatment of any material item on the tax return which may adversely impact any one of the beneficiaries, partners or shareholders could result in a conflict of interest under Circular 230. For example, if a practitioner prepared a return with an election to expense a material amount of asset additions under Section 179 or claim bonus depreciation which benefited one of his or her clients and another beneficiary, partner or shareholder were adversely impacted due to basis limitations or because they were in a low marginal tax year, the affected party


Skyscapes - Newsletter of the Kansas Society of CPAs

Comparison of Circular 230 and Board of Accountancy Rules Circular 230 (revised 8/2011)  Board Rules Paragraph K.S.A. or K.A.R. Reference Incorporates rules of  authoritative bodies into the  Includes preparation or filing of tax  rules of conduct for Kansas  Practice before the IRS 10.2(a)(4) returns K.A.R. 74‐5‐201 licensees Includes CPA not under suspension  and Registered Tax Return Preparer  Defines practice of certified  Definition of practitioner 10.2(a)(5) (RTRP) K.A.R. 74‐5‐2  public accountancy Topic

Who may practice

10.3(b)

Any CPA who is not under  suspension or disbarment from  practice before the IRS

Various

Must obtain a license and  meet ongoing qualification  standards to renew

Kansas regulations adopt  standards set by AICPA tax  executive committee which  promulgates Statements on  Clearly indicates return preparers  Standards for Tax Services  Return preparers subject  are subject to all duties and  (SSTS), that complement  to Circular 230 10.8 restrictions contained in Circular 230 K.A.R. 74‐5‐202 Circular 230 CPAs shall comply with  AICPA professional  Circular 230 Disclaimer: These materials are informational in nature and users of these mateChart continued on page 6 standards including rule 201‐ rials may not rely upon them to avoid imposition of tax penalties. Diligence as to accuracy 10.22 Must exercise due care K.A.R. 74‐5‐201 Competence

Assistance from  could claim the practitioner had a conflict suspended persons of interest in the preparation 10.24 of the tax return. Notwithstanding the existence of a conflict of interest, Circular 230 provides the practitioner with relief if 10.27 the practitioContingent fees ner; (I) reasonably believes he or she will be able to provide competent and diligent representation to each affected client; (2) the representation is not prohibited by law; and (3) the affected client waives the conflict of interest and gives informed consent in writing. Unfortunately, there are times when a conflict is not necessarily Return of client records 10.28 evident until after the fact. If there is any potential a conflict may exist, it may be beneficial for practitioners to acknowledge a potential conflict and, as long as they meet the other two requirements previously noted, obtain

Conflicting interests

10.29

Cannot accept or provide assistance  Cannot permit others to  from/to any person unable to  carry out acts which violates  a waiver letter at the time the tax return is to the client and there is no provision to practice before the IRS K.A.R. 74‐5‐402 rules of conduct prepared in order to avoid any subsequent withhold client records for nonpayment of problems. fees. Client records prepared by the practitioner or supporting records related to comCannot charge an unconscionable  Shall comply with rule 302  RETURNING AND WITHHOLDING pleted and issued work product should be fee.  With exception, cannot charge  contained in AICPA  CLIENT RECORDS provided to the client, except such records contingent fees. K.A.R. 74‐5‐104 professional standards may be withheld for nonpayment of fees. Practitioners are required under Circular 230 to return client records that Must return records (written or  SANCTIONS FOR DISREPUTABLE are necessary for the client to comply with electronic) necessary for client to  CONDUCT his or her Federal tax obligations. The term comply with his or her Federal tax  “records” includes any schedule prepared by Circular 230 allows for the sancobligations.  Includes schedules  the practitioner with respect to a prior retion of practitioners for disreputable conprepared by the practitioner.  May  turn that is needed to help the client comply duct. SuchAdopts AICPA Rule 501  conduct includes giving false or withhold for nonpayment of fees if  with the preparation of their current return. misleadingwhich address return of  information to the Department state law allows. K.A.R. 74‐5‐401 client records Both Circular 230 and the newly proposed of the Treasury or any officer or employees AICPA rule 501-1 defer to state law regardof the Treasury. K.S.A. 1-311 allows for the ing the withholding of certain client records sanction of licensees for acts of dishonesty, Cannot represent client if conflict‐       for the nonpayment of fees. Kansas regulafraud, or negligence which includes, but is 1‐exists (a divorce), or;                          tions adopt Rule 501 of the AICPA which not limited to, making misleading, decep2‐There is a significant risk of a  Shall be free of conflicts of  states that client records should be returned tive or untrue representations while reprematerial item for potential conflict  interest, including  between clients.  May be mitigated  interpretations under rule  by obtaining a signed waiver from  102 of AICPA professional  the clients. K.A.R. 74‐5‐102 standards.

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January 2012 Comparison of Circular 230 and Board of Accountancy Rules Topic Circular 230 (revised 8/2011)  Board Rules senting oneself as a licensee. The sanction sion of the right to practice by the Public acting through others. The rules state that Paragraph K.S.A. or K.A.R. Reference under Circular 230 for giving false or misCompany Accounting Oversight Board or a certified public accountant shall not perleading information is limited to dealing any state or federal agency, and dishonesty, mit others Incorporates rules of  to carry out on his or her behalf, with the Treasury. fraud or gross negligence in the practice of either withauthoritative bodies into the  or without compensation, acts rules of conduct for Kansas  Disreputable conduct under Cir- Includes preparation or filing of tax  certified public accountancy. which, if carried out by the certified public cular 230 also includes the suspension returns Knowingly directly or indirectly accountant,licensees would place him or her in vioPractice before the IRS 10.2(a)(4) K.A.R. 74‐5‐201 from practice as a CPA by the licensee’s Includes CPA not under suspension  accepting assistance from or providing aslation of the rules of conduct. Practitioners State Board of Accountancy. K.S.A. 1-311 and Registered Tax Return Preparer  sistance to someone who is suspended from may find it beneficial to obtain a written Defines practice of certified  provides that the board may deny an appractice before the Internal Revenue Service affirmation from tax return preparers that Definition of practitioner 10.2(a)(5) (RTRP) K.A.R. 74‐5‐2  public accountancy plication for a Kansas certificate, revoke or to prepare tax returns constitutes disreputathe preparers do not have any restrictions suspend any certificate issued under Kansas ble conduct under Circular 230. Although regarding practice before the IRS. Must obtain a license and  law, or may revoke, suspend or refuse to re- Any CPA who is not under  there are no corresponding provisions in meet ongoing qualification  new any permit issued due to a number of suspension or disbarment from  the laws or regulations for hiring tax return Who may practice 10.3(b) Various standards to renew causes including the revocation, or suspen- practice before the IRS preparers, K.A.R. 75-5-402 does regulate Kansas regulations adopt  standards set by AICPA tax  Chart continued from page 5 executive committee which  promulgates Statements on  Clearly indicates return preparers  Standards for Tax Services  Comparison of Circular 230 and Board of Accountancy Rules Return preparers subject  are subject to all duties and  (SSTS), that complement  Topic Circular 230 (revised 8/2011)  Board Rules to Circular 230 10.8 restrictions contained in Circular 230 K.S.A. or K.A.R. Reference K.A.R. 74‐5‐202 Circular 230 Paragraph CPAs shall comply with  AICPA professional  Kanss regulations adopt  standards including rule 201‐ Must inform client of any penalties  standards set by AICPA tax  Diligence as to accuracy 10.22 Must exercise due care K.A.R. 74‐5‐201 executive committee which  Competence likely to apply to a position on a  Advising clients on  return if practitioner prepares or  promulgates SSTSs that  Cannot accept or provide assistance  K.A.R. 74‐5‐202 complement Circular 230 Cannot permit others to  penalties 10.34( c) signs the return Assistance from  from/to any person unable to  carry out acts which violates  suspended persons 10.24 practice before the IRS K.A.R. 74‐5‐402 Grounds for denial,  rules of conduct revocation, or suspension,  Cannot charge an unconscionable  Shall comply with rule 302  Includes disreputable conduct and  etc. for violation of  fee.  With exception, cannot charge  K.S.A. 1‐311 contained in AICPA  Authority to suspend 10.50(a) failure to comply  with Circular 230 prohibited acts code of conduct Contingent fees 10.27 contingent fees. K.A.R. 74‐5‐104 Fraud, dishonesty, or deceit  professional standards in obtaining certificate,  Must return records (written or  permit, registration,  electronic) necessary for client to  K.S.A. 1‐311(1)  notification or practice  comply with his or her Federal tax  and (5) Disreputable conduct 10.51(a)(4) Giving misleading information privilege obligations.  Includes schedules  prepared by the practitioner.  May  K.S.A. 1‐311(6)   Failure to file applicable  Adopts AICPA Rule 501  Failing to file a Federal income tax  withhold for nonpayment of fees if  K.A.R. 74‐5‐401 federal or state tax returns which address return of  10.51(a)(6) return Return of client records 10.28 state law allows. K.A.R. 74‐5‐401 Revocation or suspension of  client records the right to practice by  Cannot represent client if conflict‐       PCAOB or any state or  1‐exists (a divorce), or;                          K.S.A. 1‐311(4) federal agency 10.51(a)(10) Suspension from practice as a CPA 2‐There is a significant risk of a  Shall be free of conflicts of  Shall not disclose any  material item for potential conflict  interest, including  confidential client  between clients.  May be mitigated  interpretations under rule  Unauthorized disclosure of tax  information without the  code of by obtaining a signed waiver from  K.A.R. 74‐5‐.301 consent of the client 102 of AICPA professional  10.51(a)(15) information Conflicting interests 10.29 the clients. K.A.R. 74‐5‐102 Professional standards. conduct K.S.A. 75‐ KDOR statute 75‐5151(a)  10.51(a)(16) Failing to e‐file 5151(a) requires electronic filing Adopt AICPA SSTSs that  10.51(a)(17) Preparing returns without a PTIN K.A.R. 74‐5‐202 complement Circular 230

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Skyscapes - Newsletter of the Kansas Society of CPAs Circular 230 Disclaimer: These materials are informational in nature and users of these materials may not rely upon them to avoid imposition of tax penalties.

Topic

Advising clients on  penalties

Comparison of Circular 230 and Board of Accountancy Rules Circular 230 (revised 8/2011)  Board Rules Paragraph K.S.A. or K.A.R. Reference

10.34( c)

Must inform client of any penalties  likely to apply to a position on a  return if practitioner prepares or  signs the return K.A.R. 74‐5‐202

Authority to suspend

10.50(a)

Includes disreputable conduct and  failure to comply  with Circular 230

Disreputable conduct

10.51(a)(4)

Giving misleading information

10.51(a)(6)

Failing to file a Federal income tax  return

10.51(a)(10) Suspension from practice as a CPA

Unauthorized disclosure of tax  10.51(a)(15) information 10.51(a)(16) Failing to e‐file 10.51(a)(17) Preparing returns without a PTIN Adapted with permission of the Washington Society of CPAs from an article by Don Aubrey, CPA, originally published in The WashingtonCPA magazine, January/February 2012. Don Aubrey, CPA, is Chair of the Washington State Board of Accountancy; he has served on the Board since 2007. He is Tax Director with Rebar & Associates in Seattle. He retired from BDO Seidman, LLP in 2005, after 17 years of service.

Kanss regulations adopt  Kansas regulations adopt standards set by AICPA tax  executive committee which  promulgates SSTSs that  complement Circular 230

Grounds for denial,  revocation, or suspension,  etc. for violation of  K.S.A. 1‐311 prohibited acts Fraud, dishonesty, or deceit  in obtaining certificate,  permit, registration,  K.S.A. 1‐311(1)  notification or practice  and (5) privilege K.S.A. 1‐311(6)   Failure to file applicable  K.A.R. 74‐5‐401 federal or state tax returns Revocation or suspension of  the right to practice by  PCAOB or any state or  K.S.A. 1‐311(4) federal agency Shall not disclose any  confidential client  information without the  K.A.R. 74‐5‐.301 consent of the client K.S.A. 75‐ KDOR statute 75‐5151(a)  5151(a) requires electronic filing Adopt AICPA SSTSs that  K.A.R. 74‐5‐202 complement Circular 230

Additional information provided by Cheryl Hayward, CPA, tax manager and Virginia A. Powell, CPA, managing director, both with Berberich Trahan & Co., P.A.. Mrs. Powell is a member of the Kansas Board of Accountancy, having served since 2003, including two terms as Chair. The opinions expressed in this article are those of the author and not necessarily those of the Washington State Board of Accountancy, or Kansas Board of Accountancy.

CLICK HERE for the AICPA Code of Professional Conduct along with other member resources.

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January 2012

Drinon’s Leadership Express

DRINON'S LEADERSHIP EXPRESS

Recognizing & Relating to Four Behavioral Styles

T Rich Drinon, M.A., is a leadership speaker, trainer and coach. Over the past 25 years he has presented thousands of sessions for hundreds of organizations throughout the U.S. and Canada, including KSCPA. He has also conducted individual communication coaching for hundreds of leadership and management executives. Rich has worked in leadership positions for local, statewide, national and international for-profit and nonprofit organizations. He’s a University of New Mexico Journalism graduate, and has a Master’s Degree in Communication & Leadership Studies from Gonzaga University. His magazine articles have appeared in Kansas Business News, New Mexico Business Journal, The New Rock Times Music Magazine and Sports Illustrated. His book, “Stepping Up to Leadership” is the text for a Washburn University sponsored program he instructs on Directions in Organizational Leadership.

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o effectively connect with others one must be able to recognize another person’s behavioral style, and then relate and respond accordingly. DISC has become one of the most widely used behavioral style assessment, profile and training tools in America. DISC is an acronym that stands for Dominant, Interactive, Steady and Compliant styles (Allesandra, T., 2010). This article provides a practical overview of how to recognize and relate to each of these types based on their style. An online DISC assessment is available from Drinon & Associates, Inc. for determining one’s own style, or that of followers or employees. See the assessment purchase contact information at the end of this article.

UNDERSTANDING FOUR BEHAVIORAL STYLES – PRIORITY & PACE

Each of the four DISC styles --Dominant, Interactive, Steady and Compliant -- has its own unique characteristics. And, while everyone has all of these styles in their makeup, each person possesses these styles in varying degrees. Practically everyone has a distinctive primary style followed by a secondary style and so on. In addition, one’s secondary style can greatly influence or color their primary style. For example, a Dominant/Interactive blend will relate very differently than someone with a Dominant/Cautious combination; a Supportive/Cautious type will communicate in a different manner than a Supportive/Dominant style. DISC measures four aspects of human behavior through two contrasting pairs. These pairs have to do with an individual’s Priority and Pace. The first pair of measurements, Goal/Task vs. People/Relationship orientation, has to do with one’s Priorities. The second pair, Faster Paced/ Direct vs. Slow Paced/Indirect behavior, has to do with one’s Pace. These descriptors give us four categories as follows: Faster-Paced/ Direct & Goal/Task-oriented types are called “D” or Dominant. Faster-Paced/Direct & People/Relationship-oriented individuals are “I” or Interactive. Slower-Paced/Indirect & People/Relationship-oriented types are “S” or Steady and Slower-Paced/Indirect &Goal/ Task-oriented people are “C” or Compliant. The goal is the Dominant style’s Priority, while People are the Interactive style’s Priority. Relationships are the Priority for Steady types, while the task is the goal for the Compliant style.


Skyscapes - Newsletter of the Kansas Society of CPAs

This simple diagram illustrates the four styles. Faster/Decisive Faster/Spontaneous Goal People D or Dominant

I or Interactive

Slower/Systematic Task

Slower/Relaxed Relationship

C or Cautious

S or Supportive

RECOGNIZING THE FOUR STYLES: CHARACTERISTICS, STRENGTHS & WEAKNESSES To further illustrate the qualities and characteristics of these styles D types are described as Direct, Driver & Decisive; I types are Social, Optimistic & Outgoing; S types are Stable, Sympathetic & Cooperative; and C types are Concerned, Cautious & Correct (Allesandra, T., 2010).

Recognizing the Dominant Style

• •

Are good with People Slogan: Don’t worry, be happy!

I Strengths = Persuading, Motivating, Entertaining I Weaknesses = Inattentiveness, Attentiveness, Follow-Through Interactive types make up about 25 to 30% of the population.

Recognizing the Steady Style S’s are helpful team players who prefer working behind the scenes in consistent and predictable ways. They don’t like rapid change or conflict. They are often good listeners. They also: • • • • • •

Thrive on teamwork, structure, predictability, and calming down exited people. Fear loss of stability in the environment and abrupt changes. Focus on cooperating with others to carry out the task, being patient and loyal. Ask HOW questions. Are good with Processes Slogan: Don’t rock the boat!

D’s are strong minded, aggressive, strong willed people who enjoy challenges, taking action and immediate results. They also:

S Strengths = Listening, Teamwork, Follow-through S Weaknesses = Oversensitivity, Getting started quicker, Seeing Big Picture Supportive types make up about 30 to 35% of the population.

Recognizing the Compliant Style

• • • • •

Thrive on power, prestige, authority and individual accomplishment. Fear loss of social approval. Focus on the bottom line. Ask WHAT questions. Are good with results Slogan: Just do it!

D Strengths = Administration, Leadership, Pioneering D Weaknesses = Impatience, Insensitivity, Listening Dominant types make up only about 10 -12% of the population.

Recognizing the Interactive Style I’s are “people people” who prefer participating on teams, sharing ideas, entertaining and energizing others and gaining consensus. They also: • • • •

Thrive on popularity, recognition, expression and talking. Fear loss of social approval. Focus on shaping the environment by influencing others to see things their way. Ask WHO questions.

C’s plan ahead, constantly check for accuracy and use systematic approaches. They also: • • • • • •

Thrive on details, proof, critical thinking, analysis, accuracy and perfection. Fear criticism of their efforts and actions. Focus on quality and accuracy. Ask WHY questions. Are good with Details Slogan: Measure twice, cut once!

C Strengths = Planning, Systematizing, Orchestrating C Weaknesses = Perfectionist, Critical, Unresponsive (emotionally) Cautious types make up 20 to 25 % of the population

RELATING & RESPONDING TO FOUR STYLES: COMMUNICATING & MANAGING When communicating with D or Dominant types it’s important to remember their priority is the goal or result. Be

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January 2012

Drinon’s Leadership Express

direct, get to the point, focus on the bottom line and be prepared to address some questions or objections. In the workplace the D is generally efficient, busy and structured. As the boss, leading or managing the D in the workplace includes helping them: • • • • • •

More realistically gauge risks. Exercise more caution and deliberation before making decisions. Follow pertinent rules, regulations and expectations. Recognize and solicit other’s contributions Tell others the reasons for their decisions Cultivate more attention/responsiveness to emotions

To effectively relate with I or Interactive types, keep in mind their priority is people. Remember to be fast paced and engaging, keep things fun and upbeat and provide immediate incentives for them. I’s in the workplace are usually interactive, busy and personal. Leading or managing an I in the workplace includes helping them: • • • • •

Prioritize and organize See tasks through to completion View people and tasks more objectively Avoid overuse of giving and taking advice Write things down

In order to communicate with S or Supportive types remember their priority is relationships. Be candid, open, patient, assuring and supportive. S’s in the workplace are friendly, functional and personal. Leading or managing an S in the workplace involves helping them: • • • • • • • • •

Utilize shortcuts and discard unnecessary steps Track their growth Avoid doing things the same way Realize there is more than one approach to tasks Become more open to some risks and changes To feel sincerely appreciated Speak up and voice their thoughts and feelings Modify the tendency to do what others tell them Get and accept credit and praise, when appropriate

• • • • • • •

Share their knowledge and expertise with others Stand up for themselves with the people they prefer to avoid Shoot for realistic deadlines and parameters View people and tasks less seriously and critically Balance their life with both interaction and tasks Keep on course with tasks, with less checking Maintain high expectations for high priority items vs. everything

READING YOUR ASSESSMENT The DISC online assessment provides a report with a description of one’s style, along with a graph to further illustrate to what degree one possesses each style. The DISC report includes two graphs (below). Graph I, Adapting Style, reflects one’s behavior at work on the particular day the assessment was taken. Graph II, shows one’s natural style, which is enacted on a consistent basis, day in and day out. Comparing the two graphs can show the individual how activity – on a particular day – may harmonize or conflict with their norm.

Adapting Style Graph I

Natural Style Graph II

A sizable difference between the two graphs may raise the question of why one acted with behaviors different from their natural style or norm on a particular day. One might also ask if those behaviors are required at work each and every day, and if DIFFERENT GRAPHS

SIMILAR GRAPHS

To communicate with C or Cautious types, consider that their priority is the task. Be factual, logical and emotionally reserved. List the pros and cons of any suggestions you make to help them weigh a decision. Leading or managing a C in the workplace includes helping them: Adapting Style Graph I

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Natural Style Graph II

Adapting Style Graph I

Natural Style Graph II


Skyscapes - Newsletter of the Kansas Society of CPAs

those activities make life a positive or negative challenge for the individual. For example, if a person who scores Higher I and Lower C on their Natural Style spent the day dealing with accounting, computer or other challenges that required logic and analysis their Adaptive graph may differ from their Natural graph. The individual is likely to recognize that the particular day was not their usual and that they had to put extra effort into meeting these analytical challenges. As a result, they may observe their C style is higher and/or I style is lower on the Adaptive Style graph for that day. On the other hand, if that same individual recognizes that they are in a position that daily requires them to deal with these same sorts of challenges they will want to ask them self if they enjoy or are frustrated by the challenge. If working against the grain and frustrated, the individual may need to be in a different position – one that better utilizes or fits their style. Most people show one or two styles above the midline and two or three below. Some have three above the line and one below. A few people have an evenly distributed graph along the midline. Those styles above the midline tend to come more easily for the individual. Those below the midline require more effort. We may refer these tendencies as natural vs. learned or adaptive behaviors. Just because a style is graphed below the midline doesn’t mean one can’t adapt to activities related to that behavior. It just means that, initially, more effort is required for those types of activities. Most adults have learned, though effort and practice, how to adapt to things that at first seemed difficult. One’s secondary style, as indicated on the Natural Style graph, infuses or affects their primary style. For example, a person with a D/I or Dominant/Interactive style will display their D characteristics with some of the warmth and engagement of the Interactive type. In contrast, a person with a D/C or Dominant/Cautious style will display dominance in a colder, more analytical manner. A person with an S/C or Supportive/Cautious style will demonstrate S characteristics in a more logical, factual manner than will one with an S/I or Supportive/Interactive style who displays their S in a warmer, engaging manner. Based on these examples, the reader can get an idea of how one’s secondary style can infuse their primary style. If one has three styles above the midline the third style will also impact the first two. A C/D/I style leader, for example, may be an analytical C type who is driven by their D secondary style but has a quirky sense of humor emanating from the I style. Hopefully this brief introduction to DISC will pique your interest for more knowledge and greater understanding of behavioral styles. As previously noted, DISC assessments and reports are available online. The profile you receive after taking your assessment will give you much useful information about

yourself and others when it comes to connecting, communicating, and collaborating; when getting things done and dealing with change. There are also many books available to help you better understand how DISC works. To purchase an online assessment and report of your DISC behavioral styles please contact Rich Drinon. rdrinon@sbcglobal.net 785-640-9936.

SOURCES Allesandra & Associates, Inc. (2010). The DISCself online report. Carlsbad, CA: Allesandra & Associates, Inc.

REGISTER TODAY! Click on one of the upcoming videocast links to register! Managing Your Image, Perception & Mis-Perceptions Facing the Challenges of Diversity & Generational Differences Leading Groups & Making Presentations Developing Credibility & Trust with Others Maintaining Focus, Multitasking & Managing Time Getting Results through Others with Coaching Skills (Part 1): Expectations, Delegation & Motivation Getting Results through Others with Coaching Skills (Part 2): Evaluation, Praise, Correction & Discipline Resolving Conflict (With Conflict Style Assessment?) Navigating Change Curves & Using Persuasion to Promote Change Practicing Subjective, Objective & Intuitive Problem Solving & Decision Making

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January 2012

Member Profile

MEMBER PROFILE 1. Name, title, current employer, family: Steven J. Anderson,

Steve Anderson

Budget Director for the State of Kansas, Governor Sam Brownback, wife, one child and two

grandchildren 2. What is your current KSCPA involvement? Member of Society and KSCPA Government-Nonprofit A&A Conference Steering Committee 3. What was your first Job? Koch Exploration.

I was a rarity, an accountant who worked his way through college ‘throwing chain’ on an oil rig so it was a

natural fit. 4. What was your worst job? I have been very lucky to have not had any jobs that left me with a negative feeling upon depar ture. 5. What are three words that best describe you? This might best be answered by the members of the legislature/government that have to deal with me. Not

sure if you could print some of the responses! 6. What book (if any) are you currently reading? Having a hard time working in much reading outside of the Wall Street Journal with my current workload 7. What are your hobbies? Duck hunting. 8. What are your favorite foods? Currently, Malaysian is my favorite as a category, but in individual entrées it’s still good fried chicken. 9. What is your favorite movie(s)? Monty Python and the Holy Grail for the classic and Moneyball for the current 10. What is your dream vacation? Month in Alaska bush during the salmon runs with no cell phone. 11. What is your biggest pet peeve? Those who resist change by showing fear. 12. What do you try to avoid? Making decisions not based on core principles. 13. Who is the person you most admire and why? Thomas Jefferson: His thoughtful, intelligent and common sense philosophy on the proper role of government set this country on the right course. 14. Name one person (dead or living) you would like to meet. Why? See above. 15. What is your favorite song and artist/musical group? Too many to name and changes constantly. 16. What is your greatest accomplishment or greatest impact you have had? Setting the stage for the Governor’s plan to eliminate the individual income

tax by creating a budget with a substantial ending balance. 17. If you could have any job you wanted, what would it be? CEO of Cabela’s. 18. How do you achieve balance between your personal and professional life? I don’t achieve balance but I try to see my wife and grandchildren, whom

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Skyscapes - Newsletter of the Kansas Society of CPAs we are raising, every weekend. The drive enables me to clear my mind and ponder the ‘big’ issues the state is confronting that can get lost in the process of dealing with the daily problems. My wife is Deputy Director of the fiscal staff for the Oklahoma House of Representatives so we typically have similar problems and potential solutions for our similar issues to discuss. In a way, these conversations let me stay on the job while interacting with my better half in ways we both enjoy and benefit from. 19. What would you like to get around to doing when you have time? Spending that 30-day vacation in the bush in

Alaska. Some of my fondest memories of my youth were on solo hikes into the bush. 20. What might people be surprised to learn about you? I grew up in a staunchly Democrat family. One grandfather

served as a Kansas State Representative and my parents took turns being the chair of the county Democrat par ty in Decatur County. I was the first registered Republican in my family. 21. What talent would you most like to have? The ability to explain complex transactions to those who are not “num-

bers people” in a way that allows them to fully understand the assumptions, variables and projections. Too often our clients agree simply because they trust us and not necessarily because they understand our advice. 22. If you could be present at any historical event, which one would you choose? Signing of the Constitution. 23. How would you like to be remembered? As an honest man. 24. Why did you choose to pursue the CPA designation? The value of the designation was the major

factor but over the years you find out it is much more than a ‘symbol’ to the public. The quality of the members provides a network for those issues where one is not quite sure how to proceed. The quality of the continuing education keeps one informed and current. After marrying my wife, it would be the best decision I have made.

Would you like to be profiled in the KSCPA Newsletter? This is one of the most widely read articles! Our members want to know more about other members. Join in the fun! Send an e-mail to Danielle@kscpa.org.

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January 2012

Start Preparing Now to Implement AICPA’s Clarified SASs for Year-End 2012 Audits

Clarity Project D

o you know how the newly issued Statements on Auditing Standards released under the AICPA’s Clarity Project will affect your firm’s 2012 year-end audits of nonpublic companies? Changes to the former SASs revolved around organization, formatting and language so the substance of the standards largely remains intact. However, audit methodologies will have to be modified and staff training will be necessary. It’s time to get ready for those audits. The AICPA Auditing Standards Board achieved a major milestone in October 2011 when it issued SAS Nos. 122-124,

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which include more than 40 finalized clarified SASs. SAS 125 was issued in December (two standards are still in process: one on going concern will be issued by fall 2012 and one on internal audit in fall 2013). The overall goal of this landmark, multiyear project was to make the standards easier to read, understand and implement and to converge them with the International Standards on Auditing issued by the International Auditing and Assurance Standards Board (the clarified SAS on going concern is not being converged with the corresponding ISA at this time). “CPAs should now begin to re-

visit their audit methodologies to see what changes are needed before the clarified standards become effective,” said Mary MacBain, chief executive officer of the Kansas Society of CPAs. “It’s also a good point to start planning your training to ensure all firm members have time to familiarize themselves with the new standards.” FOLLOWING THE NEW FORMAT The new clarity format organizes guidance into these sections: •

Introduction, which covers the pur-


Skyscapes - Newsletter of the Kansas Society of CPAs pose and scope of the standard. Objective, which clarifies the standard setters’ intentions. Definitions, which explain key terms. Requirements, which define what the auditor must do to achieve the standard’s objective. Requirements are expressed using the words “must” and “should.” • Application and other explanatory materials, which provide additional elaboration and guidance necessary to understand and implement the standard. In addition, within the standards, particular efforts have been made to address special considerations for either smaller, less complex organizations or for governmental entities. Another important element of the Clarity Project is the modification of all existing AU sections. Practitioners should be aware that topics formerly associated with some AU numbers may be retitled and reassigned. The ASB has also changed the existing AU section number order that was established in SAS No. 1. All clarified AU sections that have comparable ISAs now follow the ISA number order. The clarified SASs generally will be effective for audits of financial statements for periods ending on or after December 15, 2012. To prevent confusion between old and new formats, early adoption is not permitted and auditors should continue to comply with current standards until the effective date. • • •

2012 KMAG Update Due to the significant amount of revisions planned for the KMAG, the revisions are being postponed until the 2013 KMAG, to be effective for audits of years ending on or after December 31, 2012. The 2011 KMAG will continue to be applicable for audits of years ending on or after December 31, 2011. However, a Technical Amendment is being provided for 2012 to clarify two topics within the 2011 KMAG. This Technical Amendment will be made available on the KSCPA website at no cost sometime in the near future. A proposed draft of the 2013 KMAG will be provided to KSCPA members soon. Comments will be taken through June 30, 2012.

Click here for more information

CHANGES TO THE AUDIT PROCESS While many changes mainly address organization, auditors should be aware of a few significant revisions to some parts of the audit process. For example, the auditor’s report must now include headings before every paragraph to clearly distinguish different report sections. Two new sections have been added to the report: “Management’s Responsibility for the Financial Statements” and “Auditor’s Responsibility.” Elsewhere, the clarified SAS, Special Considerations—Audits of Group Financial Statements (including the Work of Component Auditors), provides guidance that makes it easier for auditors to understand and apply generally accepted auditing standards in audits involving consolidated financial statements or the work of other auditors.

KSCPA Eliminates Post Office Box The KSCPA is no longer receiving mail at its P.O. Box. Please update your records to ensure the KSCPA receives your mail. Our address is:

START PLANNING NOW The AICPA has developed several resources to help CPAs implement the clarified SASs, including some to educate firm staff. Visit aicpa.org/SASClarity to access these materials, many of which are available for free. The clarified SASs are available in the online version of AICPA Professional Standards, the first place you can receive the codification of these standards. Early in 2012, the AICPA’s new Clarity Audit Risk Alert will become available and will be followed by a number of publications and training courses to assist CPAs with this transition.

Kansas Society of CPAs

100 SE 9th Street, Suite 502 Topeka, KS 66612-1213

Contact the KSCPA at 785.272.4366 with any questions.

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January 2012

Peer Review

Update from the Kansas Peer Review Process Improvement Task Force

W

Communication, Consulting, Continuity

ith staff changes in the peer review program, it was decided by the KSCPA Executive Committee (EC) to create a Peer Review Process Improvement Task Force (PRPITF) to examine the peer review program within Kansas. The task force was charged to review all aspects of the peer review program and to make process improvement recommendations and close any “gaps” in the process if they exist. The project was divided into two discrete tasks. Task One- To make a recommendation to the EC relating to peer review administration (PRA). After reviewing timeliness, member satisfaction and cost factors, it was decided to hire a part-time peer review administrator. Historically, the peer review program in Kansas has operated with expenses exceeding fees. It was determined the peer review program should operate on a break even basis. The KSCPA Executive Committee concurred and the Board of Directors approved the budget at the November Board Meeting, noting the increase in fees. The KSCPA will, therefore, have a new fee structure beginning January 1, 2012. Task Two - To consider process improvement recommendations and offer any recommendations to the EC for approval and implementation. As part of this task, members were given the opportunity to participate in a peer review survey. The survey results were summarized and reviewed at an in-person task force meeting in November. The overriding survey themes showcased the ‘Three Cs’ of communication, consistency and continuity. At this point in time, several ideas are being considered to address the survey results such as • • • • •

Improving communication during the peer review process. Website podcast explaining the peer review process timeline (the AICPA to produce). Establishing performance measures for each step within the peer review process. Expanding participation on the KSCPA Report Acceptance Body (RAB) by creating a mentor program for new RAB members to build continuity. Improving consistency by holding monthly RAB meetings.

KSCPA SEEKING MENTEES FOR REPORT ACCEPTANCE BODY (RAB) As highlighted in the survey results, Kansas needs to expand RAB membership. Thus, we have decided to implement a RAB mentor program. Each mentee will be assigned to work with a RAB member who will provide guidance and explain the RAB procedures. To qualify to as a RAB member, the individual must: • Possess the qualifications of a team captain in a system review. (Team captain qualifications –must be a partner, complete AICPA two-day introductory reviewer training course, and maintain qualifications by participating in eight hours of CPE in peer review training every three years) • Be active in public practice at a supervisory level. • The RAB member’s firm must have a peer review rating of pass. • Complete a course which meets the team captain training requirement. Please email Mary MacBain at mary@kscpa.org to let her know if interested in participating on the Kansas RAB. After we have received your request to participate, we will verify all of the RAB qualifications have been met. After verification of qualifications, new RAB members will be notified to start the mentor program. Appointments to the RAB are made in November of each year. Thank you for considering the opportunity to serve.

AICPA Launches Peer Review Mentor Program On Nov. 1, the AICPA Peer Review team launched the Mentor Program, a new option for initial team captain qualification. The Mentor Program allows a potential team captain (Mentee) to forego the second day of the restructured “How to” course in favor of significant participation as a team member in a system review. Significant participation is obtained when an approved and qualified team captain (Mentor) oversees a Mentee while they perform virtually all team captain responsibilities. Qualified team captains may now submit requests for pre-approval by completing the Mentor Approval Request form. We encourage highly-qualified team captains with proficient knowledge and expertise in the Peer Review Standards and Interpretations to apply. For more information, visit the Mentor Program page on AICPA.org.

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Skyscapes - Newsletter of the Kansas Society of CPAs

Do you have clients that are struggling with their accounting systems? MAS Software Solutions recognizes the ever changing demands on modern-day CPA’s. Your clients are not only looking for you to provide their financial statements, but they also need help with tax and future growth planning. In order for your client to get the best value from you, they need to organize and prepare their business processes to work within their accounting system – allowing you to provide value instead of spending time sorting through a box full of receipts. MAS Software Solutions assists small to mid-sized companies optimize their accounting and operating systems. Whether your client has a simple question or needs a complete overhaul of their business processes, we can help by offering them cost effective solutions for the way they run their business. If you’d like to learn more about MAS Software Solutions and review some of our resources for CPA’s, visit our website:

www.mas-ss.com/organizedreceipts

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January 2012 “As a volunteer children’s caregiver at Journey the Way, I provide childcare for children ages 18 months to five years old. When I take care of the younger children, I can show some of the less experienced caregivers how to handle difficult situations … I can take my experience gained in settling a dispute over a toy to the workplace and help settle a dispute over an audit finding.” -Jeffrey Goldstein

“I am in preparation of being a successful future leader. I believe involvement in the “20 up to 40” program will help me take the next steps in achieving that goal. Through involvement by myself and other motivated people, we can make the profession and community a better place.” -Brent Rill

“I view the leadership roles that I am taking on within my own firm as a launching pad to similar roles in my community and profession. Once your leadership style is determined, it should be an easy conversion to assist others in performing to the best of their abilities.”

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-Adam Grilliot


Skyscapes

- Newsletter of the Kansas Society of CPAs “A leadership role in professional and community organizations is essential to succeed as a CPA because it gives you an opportunity to grow and learn from other individuals with different backgrounds.” -Christina A. Kibler

2012 Participants

“I have found that involvement in community organizations provides me with an overall greater sense of fulfillment by allowing me to give back to my community, many times by utilizing those skills that I have acquired as a CPA.” -Angie Costley

Adam Grilliot, CPA Tax Manager, CBIZ MHM, LLC Amber Littler, CPA Senior Manager, Adams, Brown, Beran & Ball Angie Costley, CPA Accounting Manager, INVISTA Brent Rill, CPA Manager, Mize, Houser & Company P.A. Chris Kibler, CPA Director of Finance, SMG - INTRUST Bank Arena Corey Jorgensen, CPA Audit Supervisor, Marsh & Company PA Damon Ward, CPA Senior Tax Manager, Spirit AeroSystems, Inc. Gail Yarick, CPA Faculty/Instructor, Pittsburg State University Jason Moulin, CPA Manager, Hiebert & Decker, CPAs Jeffrey Goldstein, CPA Internal Audit Manager, Viega LLC Jennifer Allen, CPA Supervisor/Manager, Allen, Gibbs & Houlik, L.C. Jenny Lang, CPA Accountant, Swindoll, Janzen, Hawk & Loyd, LLC Karen Mitchell, CPA Director of Finance, Kansas Society of CPAs Matt Polzin, CPA Senior Tax Associate, Grant Thornton LLP Matthew Bellomo, CPA Shareholder, Davis & Bellomo, P.A. Michael Gerber, CPA Manager, BKD, LLP Rebecca Shaw, CPA Tax Supervisor, Berberich Trahan & Co., P.A. Trina Swart, CPA Senior Associate, Kennedy and Coe, LLC

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January 2012

2012 Schedule of Events January 19-20, 2012 –Topeka

Visit Statehouse, Meet Tax Chairs, Board of Accountancy, Legislative Reception, Advocacy, Leadership

May 22-23 – Lawrence Oread Hotel

Young Professionals Conference, KSCPA Leadership Summit, Social Event

July 26-27 – Salina Rolling Hills

Leadership Training with Dr. Gerald Graham, Social Event

September 27 - 28 Overland Park

Fraud Session with Jeff Lanza (Retired FBI Special Agent), Dinner with KSCPA Board, Team Building at TimberRidge

November 13-14 – Wichita

Graduation Dinner, Presentation of Class Project, KSCPA Leadership Summit & Annual Meeting

“CPA’s are expected to be well – rounded individuals who have good communication and leadership skills and work well with people. These attributes can be attained by volunteering and becoming a leader in professional and community organizations.” -Corey Jorgensen

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Skyscapes - Newsletter of the Kansas Society of CPAs

A special thanks to our sponsors The sponsors of the “20 up to 40� program are investing in the future of the KSCPA, the accounting profession in Kansas, and the proliferation of leaders in our country. The success of the program is directly proportionate to the generous support from our sponsors. Their contributions assist in covering the costs of speaker fees and accompanying materials for each session- the program strives to bring in top-notch speakers who can provide the best leadership training to program participants. Thank you, sponsors, for helping create the future.

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January 2012

KSCPA News

New CPA Passers O C TO B E R / N OV E M B E R Charles Allen Olathe

Travis Free Wichita

Amy Latta Wichita

Melanee Radenberg Overland Park

Brenna Strahm Wichita

Carter Atkins Kansas City, KS

Nicholas Gammill Topeka

Carmen Lui Overland Park

Julie Raymond Leawood

Brittany Straub Kansas City, MO

Brett Behrends Hays

Nathan Garcia Manhattan

Zachary Mastroly Wichita

Aaron Rogers Prairie Village

Julie Sugg Topeka

Steven Collette Louisberg

Nathan Graf Wichita

Daniel McKinzie Overland Park

Graham Ryan Overland Park

Amy Vannice Overland Park

Kayla Comer Wichita

Kathryn Hauser Bartlesville, OK

Tammy Ngo Kansas City, MO

Jessica Schmiedbauer Wichita

Benjamin Walker Clay Center

Kevin Cooper Wellington

Alexandra Hedrick Wichita

Elizabeth O’Halloran Yates Center

Jessica Schrick Atchison

Justine Whitehurst Wichita

*Tyler Crow- TOP SCORER Topeka

Stacy Heinen Seneca

Alicia Oswald Wichita

Nikole Schroeder

Laura Zellers Wichita

Ryan Drigans Olathe

Ryan Herrman Salina

Candi Owens Edson

Jonathan Shulteis Overland Park

Sara Fairbank Lenexa

Kristoffer Holm Topeka

Rebecca Pfannenstiel Garden City

Racheal Singleton Wellington

Blake Fiene Sedgwick

Aaron Howard Halstead

Jedidiah Presley Wichita

Ryan Staub Prairie Village

Joy Free Wichita

Daniel Kokpshinsky Hutchinson

Kun Qui Wichita

Eric Stehm Wichita

In Memoriam... Robert R. Coe

January 2, 1932-January 20, 2012 From the Hutchinson News: Robert R. “Bob” Coe passed away Friday, January 20, 2012. Bob was the owner of Robert R. Coe, CPA in McPherson, Kan. He was a life member of the AICPA and the KSCPA. Bob served as a board member of the KSCPA and was a member of the Central Chapter of the KSCPA. He chaired and served on various committees throughout his membership with the KSCPA. Along with his membership in the KSCPA, he was an active member of many organizations in his community. He was a member of the Boy Scouts of America for over 50 years. Bob graduated from Kansas State University, where he belonged to the Sigma Nu Fraternity. He was also a member of many organizations at the University, including Life Membership with the Alumni Association. Bob was also a veteran of the U.S. Army Finance Corps and served in Germany from 1954 to 1956. Bob will be greatly missed!

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Skyscapes - Newsletter of the Kansas Society of CPAs

CHAPTER NEWS Chapter Meetings

Thank you for your recent donations to the KSCPA Educational Foundation!

Wichita Chapter Meeting: Energy Services

Northeast Chapter: $7,000

Thursday, February 16, 2012 12:00 - 1:30pm The Petroleum Club Program presented by Lindsay Young Registration: 11:30am Meal:12:00pm Program: 12:30 - 1:30pm

Metro Chapter: $3,000 Western Chapter $700

MEMBER NEWS Michael Gerber, CPA

From Wichita Eagle: Michael Gerber, Wichita, has been promoted manager in the construction and real estate audit department at BKD, LLC. Congratulations, Michael!

Tara Laughlin, CPA

From Wichita Eagle: Tara Laughlin, Wichita, has been promoted to supervising associate within the assurance department at Allen, Gibbs & Houlik. Congratulations, Tara!

Steve Lightle,

From Coffey Co. Republican: Steve Lightle, Waverly, has retired as the Coffey County Housing Authority, Executive Director. Steve held the position for 11 years. Steve led the Housing Authority in constructing new homes, demolishing old homes and undertaking rehabilitation projects. Thank you for all of your hard work, Steve!

Ryan Whittington, CPA

From Coffeyville Journal: Ryan Whittington, Kansas City, has been promoted to manager at BKD, LLC. Ryan has more than seven years of experience in auditing and accounting for manufacturing and distribution entities. Congratulations, Ryan!

Davis & Bellomo Acquires Second Firm

On January 12, 2012, Davis & Bellomo, a tax, accounting and financial management firm announced the acquisition of the practice of Willa Franklin, Leawood, Kan. This is the second acquisition for the firm in 18 months.

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January 2012

NEW KSCPA MEMBERS! CPA Members Mark Browne Deloitte & Touche LLP Kansas City, MO Ryan M. Burns Egghart & Associates, LLC CPAs Reno, NV Melissa A. Carson Pool & Wright Chtd Emporia Kendra V. Gonzales Security Benefit Corporation Topeka Jennifer Hoffman KPMG, LLC Kansas City, MO Sarah G. Meador Mize Houser & Company, PA Lawrence Jayme Painter Summers, Spencer & Company, P.A. Topeka Matthew B. Polzin Grant Thornton LLP Wichita Brent A. Rill Mize Houser & Company, PA Topeka

O

n January 11, 2012, in the Kansas State of the State Speech by Governor Sam Brownback, citizens of Kansas were told “the State of our State is STRONG - and getting STRONGER!” This is good news for CPAs and the organizations they serve. To build strength, the Governor proposes a “progrowth tax policy.” CPAs in Kansas are engaged in the process, providing remarks at house and senate taxation committees and meeting with the Governor and Secretary of Revenue to provide input on the proposed policy.

Click here to review the entire text of the Governor’s 2012 State of the State

We Need You as a Key Contact!

Kim Sanders Pioneer Financial Services Kansas City, MO

We need you to volunteer to contact legislators when the need arises. Please help us to continue to be an effective voice in legislation by volunteering to contact any of the legislators you know or would be willing to contact.

Mark Schlemmer Missouri Department of Revenue Jefferson, MO

Please send the names of the Kansas legislators or Congressional representatives to mary@kscpa.org.

Racheal Singleton Adams Brown Beran & Ball Chtd. Hutchinson

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Governor Brownback Outlines “Pro-Growth Tax Policy” in 2012 State of the State


Skyscapes - Newsletter of the Kansas Society of CPAs B r i g ht a nd C ar pe n te r C ons u lt i ng , I n c .

L EGISLATIVE U PDATE V o l um e 4 , I s s ue 1 INSIDE THIS ISSUE:

Outlook: Kansas

1

Looking ahead: 2012 Legislative

2

Redistricting: Where will your county end up?

3

Status of the

4

Office of Repealer to issue report

5

Immigration update

6

Economic Life-

7

KDOT projects

7

Your Guide to 2012 Legislative Session

8— 11

Bookmark the Kansas Legislature website, www.kslegislatu re.org and make it your resource for legislative issues.

JANUARY, 2012

O U T L O O K : K A N S A S BU D G E T & TA X R E F O R M How the FY 2012 budget will end and FY 2013 budget showdown will begin during the 2012 legislative session largely depends on revenue and State General Fund receipts. Good news: Kansas revenue, and particularly tax receipts, continues to increase. The Consensus Revenue Estimate Group met on November 4, 2011, and adjusted all estimates for FY 2012 upward. In addition, the group developed the initial estimate for FY 2013. For FY 2012, the estimate was increased by $199.1 million (3.3%) above the previous estimate. This is a 6.2% growth above FY 2011 receipts. The first estimate for FY 2013 is $6.291 billion, 0.7% above the newly revised FY 2012 figure. There are several factors that contribute to this increase, including personal income increasing, which is above 2010 level, and unemployment rate decreasing. Additionally, a number of changes in state tax law enacted in 2011, which will be implemented on January 1, influenced FY 2013 estimates more heavily than the FY 2012 estimates, including repeal of a sales tax exemption for pro-

jects that had previously qualified for a business and job development income tax credit program; and creation of a new expensing deduction for Kansas income taxpayers. Tax plan to be announced A task force is nearing completion of recommendations to be presented to Governor Brownback for modifying the state’s tax code. Kansas Revenue Secretary Nick Jordan has said the proposal will take a broad approach to reducing taxes and putting more money in Kansans’ pockets. It will also increase private sector employment and increase capital flow. Governor Brownback is anticipated to announce his tax plan during his 2012 State of the State Address. Secretary Jordan has been traveling the state gathering feedback on the administration’s ideas. Over the next month, Governor Brownback and Secretary Jordan will develop a final proposal based on that feedback. The tax plan will be debated during the 2012 Legislature in January. It is expected to be a plan that dramatically reduces or eliminates the state income tax, which Governor Brownback believes will make Kansas more economically competitive with states that don’t have one. Once the plan is announced, we’ll share the details with you. Stay tuned.

Click here for the entire Bright & Carpenter Consulting Newsletter 25


January 2012

“20 up to 40”

“20 up to 40” Leadership Program - Topeka Session January 19-20, 2012 The first session of the 2012 “20 up to 40” KSCPA leadership program met for the first time in Topeka. The session was an exciting event, bringing together KSCPA leaders, Governor Brownback, legislative staff, legislators, the Board of Accountancy, the KSCPA team, and the KSCPA government relations consultants. The purpose of the session was to see leadership in action, which is exactly what happened. The group spent most of January 19 at the Kansas State House where they met Governor Brownback, witnessed the House and Senate sessions, met with the House and Senate taxation committee chairs, met legislative staff, and toured the Kansas Department of Revenue. Bob Schuster, chair of the KSCPA, met the group and discussed leadership techniques. Bob challenged the participants with a unique group project – to take a hard look at the KSCPA vision/purpose, mission, core values, and strategic initiatives. With almost 10 years passing since the strategic plan was developed, Bob wants to know if it is still valid and relevant to young professionals.

26


Skyscapes - Newsletter of the Kansas Society of CPAs

The evening ended with a fast-paced and fun reception where KSCPA leaders, legislators, and state officials networked at the KSCPA office. On January 20, the group met at the Board of Accountancy. Rodney Van Norden, chair of the BOA, provided an introduction to how the BOA operates, and the group witnessed the Board in action. The group meets next in Lawrence at the Young Professionals Conference and KSCPA leadership summit. All young professionals are encouraged to attend the conference which will be led by Ernie Almonte, a former chair of the AICPA. Register today on the KSCPA website. This is a great opportunity to meet the “20 up to 40� participants and alum and to find out more about the program.

27


January 2012

KSCPA Events

January 19, 2012

KSCPA 4th Annual Legislative Reception is a Huge Success The KSCPA once again held a hugely successful legislative reception. Over 80 KSCPA leaders and members, state officials, and legislators networked at the KSCPA offices in Topeka. If you didn’t attend this year, check out the video under member resources/legislative update – and plan to attend the 2013 reception and celebrate the 5th consecutive year of the “20 up to 40” program and the legislative reception. The KSCPA leaders are proud of the progress the society has made in advocating the profession and are especially proud of the “20 up to 40” participants and alum who attended the reception.

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Skyscapes - Newsletter of the Kansas Society of CPAs

29


January 2012

CPE MEMBER SURVEY The KSCPA recently conducted a survey regarding the CPE courses and facilities offered in 2011. The survey was sent to 2,542 people who had taken CPE through the KSCPA in the past two years. Of those the survey was sent to, 639 people opened the email and 265 answered the email. The responses from the survey help the KSCPA plan the CPE for the coming years and allow the team to see if changes need to be made to facilities, locations, course topic areas, etc. Of those people surveyed, 92.3 percent attended 1-5 KSCPA courses on 2011. The participants preferred the current 8:30 a.m. start time (61.9 percent) over a proposed 8:00 a.m. start time. The choice of locations was split approximately 50/50 between Overland Park and Wichita. Other locations suggested were Dodge City, Manhattan, Salina and Topeka.

CPE Courses Survey

The types of courses people were interested were Taxation- 63 percent; Accounting and Auditing- 52.7 percent; Business and Industry31.3 percent; Technology- 28.2 percent and Consulting- 13.7 percent. Some additional suggested topics were construction, oil and gas, manufacturing, compilation and review, and auditing in healthcare. CPE Courses Survey

1. How many KSCPA professional development courses did you attend in 2011?

Response

Response

Percent

Count

1-5

Response 92.3% Percent

Response 240 Count

6-10 1-5

7.3% 92.3%

19 240

10+ 6-10

0.4% 7.3%

1 19

10+

answered question 0.4%

260 1

skipped question answered question

5 260

skipped question

5

1. How many KSCPA professional development courses did you attend in 2011?

2. Courses are scheduled from 8:30 a.m. to 4:00 p.m. Would you prefer courses begin at 8:00 a.m. and end at 3:30 p.m.? 2. Courses are scheduled from 8:30 a.m. to 4:00 p.m. Would you prefer courses begin at Response

Response

Percent

Count

Yes

Response 38.1% Percent

Response 99 Count

No Yes

61.9% 38.1%

161 99

No

Other (please specify) 61.9%

8 161

Other (please specify) answered question

260 8

8:00 a.m. and end at 3:30 p.m.?

30


Skyscapes - Newsletter of the Kansas Society of CPAs Overland Park

3. What is your preferred location? Wichita

Overland Park

Response

Response

Percent

Count

47.8%

119

52.2%

130

Response Other (please specify) Percent

Response

47.8% answered question

119 249

Count28

Wichita 52.2% 5. With electronic materials, many participants bring laptops or tablets. The KSCPA skipped question provides power strips. In 2011, most rooms were setup as half rounds. Tell us what you Other (please specify) prefer.

4. What type of courses are you most interested in?

130 16 28

Classroom

answeredResponse question Percent Response skipped question Percent 53.6%

Response 249 Count Response 16 Count 119

Taxation Half-rounds

63.0% 46.4%

165 103

Accounting and Auditing

52.7% Other (please specify) Response 31.3% Percent

138

29 Response 82 Count

Technology Taxation

answered question 28.2% 63.0%

222 74 165

Consulting Accounting and Auditing

skipped question 13.7% 52.7%

43 36 138

Business and Industry

Other (please specify) 31.3%

82 14

4. What type of courses are you most interested in? Business and Industry

6. Please feel free to provide the KSCPA with any additional information to help strengthen 5. With electronicTechnology materials, many participants bring laptops or tablets. The KSCPA 28.2% 74 our courses. answered provides power strips. In 2011, most rooms were setup as half rounds. Tell question us what you 262 prefer.

Consulting

13.7% skipped question Other (please specify) Response

Percent

36 Response 3 Count 14 Response Count54

Classroom

answered answered question question 53.6%

262 54 119

Half-rounds

skipped skipped question question 46.4%

3 211 103

Other (please specify)

7. Are you a member of the KSCPA?

2 of 34 Yes

29

answered question Response

222 Response

Percent skipped question

Count 43

82.8%

217

No 6. Please feel free to provide the KSCPA with any additional information to help17.2% strengthen 45 our courses.

2 of 34

answered question

262

skipped question

Response 3

31


January 2012

THE

KSCPA IS CONNECTED! Follow @KSCPANews Follow the Kansas Society on Twitter! Find out information on upcoming events, who’s been visiting the KSCPA Office, and what our team is doing to help you. If you don’t have a Twitter account, then set one up today! It’s FREE!

www.facebook.com/KansasCPAs Add the Kansas Society to Facebook! View photos of recent events, and stay informed about upcoming conferences and courses. Facebook accounts are also free, so join today and get connected!

Search: Kansas Society of CPAs The Kansas Society is also on Linkedin! Follow the KSCPA for great networking opportunities with other accounting professionals. Use Linkedin to build up your own personal profile, join networking groups, and even search for job openings in accounting.

Have you activated your FIND-A-CPA benefit? Simply go to “Member Home” and activate your account under “CPA Profile.” Preferred Accounts are also available for a $50 annual fee. Preferred Accounts include your a link to your website, organizational or professional photo, hyperlinks to your e-mail, and preferred listing in search engines. Click here to enroll

32


Skyscapes - Newsletter of the Kansas Society of CPAs New videocast series coming soon...

Fountain’s Governance Express TOPICS INCLUDE: • • • • • • • • • • • • • •

Corporate Ethics – 10 years post Sarbanes-Oxley The Building Blocks of Effective Corporate Governance (Part 1) Stabilizing the Building Blocks of Effective Corporate Governance (Part 2) The Corporate Director’s Fiduciary Role and Management’s Relationship Dissecting Stated Corporate Values Instilling the Proper Control Environments within Business The Corporate Manager’s Responsibility for Internal Control When the Whistle Blows at your Company Developing Practical Corporate Compliance Programs (Part 1) Monitoring and Managing Effective Corporate Compliance Programs (Part 2) The Governance, Risk and Compliance (GRC) Movement (Part 1) The Role of Enterprise Risk Management (ERM) as a Component of your GRC Program (Part 2) Fraud Awareness Programs (Part 1) Techniques for Fraud Monitoring and Detection (Part 2)

TOTAL CPE 28 HOURS

Contact Danielle@kscpa.org for further information. 33


January 2012

Professional Development

2012 Professional Development and Events LEARN MORE... To view complete course details, please visit the Professional Development area at www.kscpa.org. Date Range

CPE Hours

Speaker

Field of Study

Location

5/7/12

Wealth Management Conference

8

Panel

Consulting

Overland Park

5/7/12 5/8/12 5/9/12

Risk Management Conference Oil & Gas Taxation Workshop - Fundamentals - NEW Oil & Gas Taxation Workshop - Advanced - NEW

8 8 8

Panel

Agriculture Taxation Workshop - NEW "20 up to 40" Leadership Session - 2 (Day 1) Project & Young Professionals Conference Young Professionals Conference "20 up to 40" Leadership Session - 2 (Day 2) Prof Issues Update / Leadership Meetings

8 6 4 2

Consulting Taxation Taxation Taxation

Overland Park

John Tripp

Leadership PD Leadership

Lawrence

N/A Update N/A N/A Technology Technology Technology Govt/NPO/AA A&A

Lawrence

5/10/12 5/22/12 5/22-23/12 5/23/12 5/23/12 5/23/12

Leadership Summit - Executive Committee Meeting Professional Issues Update with Ernie Almonte, Past AICPA Chair - FREE

N/A 2

5/23/12 5/23/12 6/4/12 6/4/12 6/5/12 6/5-6/12 6/7/12

Leadership Summit (includes lunch) - Task Force Meetings Leadership Summit - Board of Director's Meeting Cloud Security and Compliance Outlook Essentials Excel Tips, Tricks and Techniques for Accountants Governmental & Non-Profit Accounting & Auditing Conference Nonprofit Accounting and Auditing Update

N/A N/A 4 4 8 16 8

6/8/12 6/11/12 6/11/12 6/12/12 6/12/12 6/18/12 6/18/12 6/19/12 6/19/12 6/20/12 6/20/12 6/21/12

6/22/12 6/25/12 6/26/12 6/26/12

Audit Sampling: Applying the New Audit Sampling Guidelines Creative Tax Strategies for Individuals- Hurdles & Benefits Negotiating & Structuring Business Deals Creative Tax Strategies for Individuals- Hurdles & Benefits Negotiating & Structuring Business Deals Governmental Accounting and Auditing Update Closely Held Business Taxation: Smart Strategies to Slash Taxes Closely Held Business Taxation: Smart Strategies to Slash Taxes Auditing Real-World Frauds: A Practical Case Application Approach Business and Industry Expo Governmental Accounting and Auditing Update The Top Ten Fraud Schemes: How to Detect and Prevent Them Estate Planning Strategies: Minimizing Taxes and Maximizing Wealth (Includes Serving as a Trustee) The Law of Tax Exempt Organizations Accounting Services, Compilations and Reviews: Effective Risk Management Estate Planning Strategies: Minimizing Taxes and Maximizing Wealth (Includes Serving as a Trustee) The Law of Tax Exempt Organizations Conference on Kansas Taxes AICPA's Hottest Tax Topics for 2012 Audit Excellence: How to Effectively & Efficiently Implement Audit Standards

6/27/12 6/27/12 6/27/12 6/28/12

Roger McEowen Ernie Almonte Ernie Almonte Ernie Almonte Bob Schuster Ernie Almonte N/A Bob Schuster K2 Enterprises K2 Enterprises K2 Enterprises Panel David Mosley

Manhattan Manhattan Manhattan Lawrence Lawrence Lawrence Lawrence Lawrence Overland Park Overland Park Overland Park Wichita Wichita

Lynn Fountain

4

Eric Larson

Taxation

Overland Park

4 8

Bruce Hopkins

Taxation A&A Fraud

Overland Park

Lynn Fountain

4

Eric Larson

Taxation

Wichita

4 8 8 8

Bruce Hopkins

Taxation Taxation Taxation A&A

Audit Excellence: How to Effectively & Efficiently Implement Audit Standards Excel PivotTables for Accountants- Part I Outlook Essentials Excel Tips, Tricks and Techniques for Accountants

8 4 4 8

Alan Anderson

6/28/12 6/28/12 6/29/12 6/29/12

Mergers, Acquisitions, and Sales of Closely Held Businesses: Advanced Case Analysis Nonprofit Accounting and Auditing Update Employee Benefit Plans: Audit and Accounting Essentials Mergers, Acquisitions, and Sales of Closely Held Businesses: Advanced Case Analysis

8 8 8 8

Gary Allerheiligen

7/26/12 7/27/12 9/21/12

"20 up to 40" Leadership Session - 3 (Day 1) Project / Dr. Gerald Graham / Dinner "20 up to 40" Leadership Session - 3 (Day 2) Dr. Gerald Graham Women's Leadership Conference

4 8 4

Dr. G. Graham

9/21/12

Women to Watch Awards Luncheon - FREE

N/A

9/27/12

"20 up to 40" Leadership Session - 4 Project / Jeff Lanza Fraud Event / Dinner with Board

4

6/21/12 6/22/12 6/22/12

8 4 4 4 4 8 8 8 8 8 8 8

John Tripp

A&A Taxation Taxation Taxation Taxation A&A Taxation Taxation A&A Fraud B&I A&A A&A Fraud

6/21/12

34

Description

Alan Anderson Dennis Gerschick Dennis Gerschick Dennis Gerschick Dennis Gerschick Mark Dick Gary Allerheiligen Gary Allerheiligen Lynn Fountain Panel Mark Dick

Panel Steven Wagner Alan Anderson

Wichita Overland Park Overland Park Wichita Wichita Wichita Overland Park Wichita Wichita Wichita Overland Park Overland Park

Overland Park

Wichita Mayetta Overland Park Wichita

A&A Technology Technology Technology

Overland Park

Taxation A&A A&A Taxation

Overland Park

Leadership Leadership Leadership

Salina Overland Park

Tommye Barie

Leadership

Overland Park

Jeff Lanza

Leadership/ Ethics

KCK

K2 Enterprises K2 Enterprises K2 Enterprises John Georger, Jr. Glynda McClure Gary Allerheiligen Dr. G. Graham Jennifer Wilson

Wichita Wichita Wichita Overland Park Wichita Wichita Salina


6/21/12 6/21/12

Estate Planning Strategies: Minimizing Taxes and Maximizing Wealth (Includes Serving as a Trustee) The Law of Tax Exempt Organizations

4

Eric Larson

4

Taxation

Overland Park

Skyscapes - Newsletter of the Kansas Society of CPAs Bruce Hopkins

Taxation

Overland Park

8

Lynn Fountain

A&A Fraud

Overland Park

4

Eric Larson

Taxation

Wichita

6/22/12

Accounting Services, Compilations and Reviews: Effective Risk Management Estate Planning Strategies: Minimizing Taxes and Maximizing Wealth (Includes Serving as a Trustee) The Law of Tax Exempt Organizations

6/25/12 6/26/12 6/26/12

Conference on Kansas Taxes AICPA's Hottest Tax Topics for 2012 Audit Excellence: How to Effectively & Efficiently Implement Audit Standards

8 8 8

Technology McEowen

Wichita

6/27/12

Outlook Essentials

4

K2 Enterprises

Technology

Wichita

6/28/12

Excel Tips, Tricks and Techniques for Accountants

8

K2 Enterprises

Technology

Wichita

6/28/12

Mergers, Acquisitions, and Sales of Closely Held Businesses: Advanced Case Analysis

8

Gary Allerheiligen

Taxation

Overland Park

6/28/12 6/29/12 6/29/12

Nonprofit Accounting and Auditing Update Employee Benefit Plans: Audit and Accounting Essentials Mergers, Acquisitions, and Sales of Closely Held Businesses: Advanced Case Analysis

8 8 8

John Georger, Jr.

A&A A&A Taxation

Overland Park

7/26/12 7/27/12 9/21/12 9/21/12

"20 up to 40" Leadership Session - 3 (Day 1) Project / Dr. Gerald Graham / Dinner "20 up to 40" Leadership Session - 3 (Day 2) Dr. Gerald Graham Women's Leadership Conference Women to Watch Awards Luncheon - FREE

4 8 4 N/A

Dr. G. Graham

Salina

Tommye Barie

Leadership Leadership Leadership Leadership

9/27/12

"20 up to 40" Leadership Session - 4 Project / Jeff Lanza Fraud Event / Dinner with Board

4

Jeff Lanza

Leadership/ Ethics

N/A

Bob Schuster

N/A

KCK

8

Panel

Leadership

Olathe

N/A 8 8 8 CPE Hours

Tom Hood

Overland Park

K2 Speaker Enterprises

N/A BV & Consult. Technology Technology Field of Study

Rich Caturano

Leadership

Wichita

6/22/12 6/22/12

New KSCPA Workshops

4

Oil & Gas Taxation Workshop Fundamentals Oil &Audit GasStandards Taxation Workshop - Advanced 6/27/12 Audit Excellence: How to- Effectively & Efficiently Implement 8 6/27/12 PivotTables for Accountants- Part I 4 with Dr. JohnExcel Tripp with Dr. John Tripp 05/08/2012

05/09/2012

9/27/12

KSCPA Board Team Building & Dinner with "20 up to 40"

9/28/12

"20 up to 40" Leadership Session - 4 TimberRidge Team Building

9/28/12 10/19/12 11/1/12 11/2/12 Date Range

KSCPA Strategic Planning Business Valuation Conference Excel Based Dashboards Technology Description for CPAs- Don't Get Left Behind

"20 up to 40" Graduation Session - 5 Project / Tour / Dinner / Prof Issues Update / Leadership /13/2012-11/14/20 Meetings/ Graduation 11/14/12 Annual Meeting - Executive Committee Meeting 11/14/12 11/14/12 11/14/12 11/14/12 11/14/12 11/15-16/12 11/26/12 11/27/12 11/28/12 11/29/12 11/30/12 12/6/12 12/6-7/12

4

These workshops will take place on the beautiful Brucecampus Hopkins Wichita Taxation of Kansas State University. Visit www.kscpa.org for more information, or Panel Mayetta Taxation contact the KSCPA at 785.272.4366.

Taxation A&A

Steven Wagner Alan Anderson

Overland Park Wichita

Agricultural TaxationA&A Workshop Alan Anderson Overland Park K2 Enterprises with Roger

05/10/2012

Glynda McClure Gary Allerheiligen Dr. G. Graham Jennifer Wilson

Panel K2 Enterprises

Wichita Wichita Salina Overland Park Overland Park KCK

Overland Park Overland Park Overland Park Location

N/A

Bob Schuster

N/A

Wichita

Professional Issues Update with Rich Caturano, AICPA Chair - FREE Annual Meeting of KSCPA and Educational Foundation

2 N/A

Rich Caturano

Wichita

Leadership Summit (includes lunch) - Task Force Meetings

N/A

N/A

Update N/A N/A

Leadership Summit - Board of Director's Meeting 80th Anniversary Gala Dinner & Dance

N/A N/A

M. Aron Dunn

N/A

Wichita

Lonnie McFadden Band

N/A

Wichita

Panel

Overland Park

62nd Annual Kansas Tax Conference International versus U.S. Accounting: What in the World is the Difference? Not-for-Profit Accounting & Reporting: From Start to Finish The 2011 Revised Yellow Book: Government Auditing Standards (with GAO Exposure Draft Info) Not-for-Profit Accounting & Reporting: From Start to Finish The 2011 Revised Yellow Book: Government Auditing Standards (with GAO Exposure Draft Info) 2012 Tax Advisor's Update (Biebl & Ranweiller) Heartland Technology Conference

Bob Schuster

Wichita Wichita

16 8 8

Alan Anderson Alan Anderson

Taxation A&A A&A

8

Alan Anderson

A&A

Overland Park

8

Alan Anderson

A&A

Wichita

8

Alan Anderson

A&A

Wichita

8 16

Tim O'Shaughnessy K2 Enterprises

Taxation Technology

Overland Park

Wichita Overland Park

Wichita

12/7/12

2012 Tax Advisor's Update (Biebl & Ranweiller)

8

Tim O'Shaughnessy

Taxation

Overland Park

12/10/12

Common Frauds and Internal Controls for Revenue, Purchasing and Cash Receipts

8

Lynn Fountain

A&A

Overland Park

12/10/12 12/13/12 12/17/12

AICPA's Annual Federal Tax Update Family Wealth Management Identifying Fraudulent Financial Transactions

8 8 8

Douglas Warren

Taxation Taxation A&A

Overland Park

12/18/12 12/19/12 12/20/12 12/27/12

Applying the Risk Assessment Standards Using a Case Study Approach Delving into the Top Twelve Issues for Partnerships, LLCs and S Corps Delving into the Top Twelve Issues for Partnerships, LLCs and S Corps Annual Update for Accountants and Auditors

8 8 8 8

A&A Taxation Taxation A&A

Wichita

12/27/12 12/28/12

S Corporation Key Issues, Compliance and Strategies: An IRS Target Area Annual Update for Accountants and Auditors

8 8

Gary Allerheiligen

12/28/12

S Corporation Key Issues, Compliance and Strategies: An IRS Target Area

8

Dennis Gerschick Lynn Fountain Lynn Fountain Gary Allerheiligen Gary Allerheiligen Mark Dauberman

Overland Park Wichita Wichita Overland Park Wichita Overland Park

Mark Dauberman

Taxation A&A

Gary Allerheiligen

Taxation

Wichita

Overland Park

CONFERENCES LEADERSHIP EVENTS COURSES 35


January 2012

Classified Advertising

JACAM Chemical Company

FHLBank Topeka

JACAM Chemical Company is currently seeking an Assistant CFO in our Sterling, KS headquarters. JACAM serves the energy industry worldwide with the very best combination of service, quality, and product performance in the chemical industry while maintaining the highest standards of ethics, honesty, and integrity.

FHLBank Topeka’s products and services help our member banks provide affordable credit and support housing and community development efforts. We are accepting resumes for the position listed below. Position located in Topeka, Kansas.

Assistant CFO

This position will work closely with the CEO, President and CFO to assist in managing the accounting/finance team. The position will assist with the strategic management of the Company along with day-to-day planning, implementing, management and control of all financial related activities of the company. Responsibilities may also include forecasting, budgeting, job/ product costing, property management, deal analysis and negotiations, investor relationships, partnership tax compliance, and private and institutional financing. Requires a Bachelor’s Degree in Accounting or Finance and 6-10 years related experience. Excellent oral and written communication skills and proven leadership qualities are a must. Must have strong analytical and interpersonal skills and a willingness to work closely with others throughout the accounting department and Company to proactively deal with and solve business challenges. Must be proficient with Microsoft Excel, Word, and Outlook, experience with Microsoft Dynamics AX software would be a plus. Master’s Degree and CPA preferred but not required. EOE Please send resume and salary requirements to: Rob Southern Kennedy and Coe, LLC rsouther@kcoe.com

RA Tax & Accounting, Inc.

Seasonal Preparer Wanted- Lenexa Lenexa tax firm sees full and part-time seasonal tax preparers. Lacerte experience helpful. will prepare individual and business tax returns from end of January through April 15th. Year round part-time work may be possible for the right individual. Attention to detail and accuracy are a must. Wage rate negotiable.

Marketing Resources for KSCPA Members Check the “Member Resources” for Marketing Resources. Watch for the new KSCPA Marketing Toolkit - Coming soon!

36

Accounting Policy & Research Specialist

Accounting Policy & Research Specialist This position will assist with the development, implementation and administration of accounting policies and will coordinate the implementation of new accounting and reporting requirements with accounting personnel and functional departments. Assist the CAO and staff with evaluating and researching specific transactions for compliance with authoritative accounting literature. Track new and pending accounting pronouncements and an assessment of their impact on the Bank in compliance with GAAP, SEC and regulatory rules. Coordinate the initial assessment of unique/significant transactions for compliance with the Bank’s accounting policies, GAAP, SEC and regulatory rules. Qualifications •Bachelor’s degree in accounting and CPA certificate or advanced degree required. •5+ years accounting experience preferably within the financial services industry or public accounting. •Working knowledge of internal controls, SOx requirements and generally accepted accounting principles and theories. •Ability to research complex accounting, auditing and internal control literature. •Experience with SEC and other financial reporting for a financial institution preferred. •Knowledge and proficient use of MS Office products, including Word, Access and Excel, accounting and other financial software applications. In addition to a rewarding, team-oriented work environment, FHLBank Topeka offers opportunities for growth and development, an attractive benefit package including health and dental insurance, 401(k), short-term incentive plan and much more. To see a more detailed job summary and apply for this position, go to the Bank website at www.fhlbtopeka.com. EOE


Skyscapes - Newsletter of the Kansas Society of CPAs FHLBank Topeka

Accountant I, Investment, Debt & Derivatives FHLBank Topeka’s products and services help our member banks provide affordable credit and support housing and community development efforts. We are accepting resumes for the position listed below. Accountant I, Investment, Debt & Derivatives This position accounts for the Bank’s investments, debt, derivatives and other related activities. Requires a significant level of judgment and interpretation as these financial instruments often include complex and non-standard terms that must be captured timely and properly accounted for from multiple sources and types of documents. Qualifications •Bachelor’s degree in accounting or 4 year college degree plus equivalent work experience and 1+ years of related experience required. •CPA, CMA or CIDA certification desirable. •In-depth knowledge of generally accepted accounting principles and theories. •Knowledge of complex investment, debt and derivative transactions desirable. •Knowledge and proficient use of MS Office products, including Word, Access and Excel, accounting and other financial software applications. •Excellent written and verbal communication skills. In addition to a rewarding, team-oriented work environment, FHLBank Topeka offers opportunities for growth and development, an attractive benefit package including health and dental insurance, 401(k), short-term incentive plan and much more. To see a more detailed job summary and apply for this position, go to the Bank website at www.fhlbtopeka.com.

Stanfield & O’Dell P.C.

Positions: Tax Manager, Senior Tax Accountants FullTime and Seasonal Location: Tulsa Oklahoma Stanfield & O’Dell P.C. is a mid-size firm employing over 40 people in Tulsa and serving clients world-wide. We are a fullservice consulting and CPA firm founded 60 years ago. Our dedication to our employees’ growth is strong, making our client relationships even stronger. We are seeking a Tax Manager with 4+ years experience in public accounting as well as Senior Tax accountants with at least two years of public accounting experience. Our firm offers an excellent benefit and compensation package as well as a structured leadership development program. Please visit www.stanfieldodell.com for an overview of our firm, learn more about our available positions and submit your resume!

Windward Private Wealth Management, inc. Tax Professional- Overland Park

We are a wealth management firm who is currently seeking a Tax Professional who is familiar with current tax laws and who is also familiar with the wealth management process. This entreprenurial position can be a home telecommuting arrangement and requires a goal-oriented, self-motivated professional. If you have ever wanted to start your own tax practice, you could be our candidate. The primary responsibility will be creating, developing and overseeing the tax services division of our company. Candidate should be a CPA with 4-6 years CPA firm or related experience. Send resumes and inquires to Darrell Tierney at dtierney@ windwardfp.com

EOE The Kansas Society of CPAs, Inc. is a proud supporter of the Chickadee Checkoff.

It’s time for Chickadee Checkoff! Since 1980, the Chickadee Checkoff line has appeared on the Kansas Individual Income Tax forms. It provides Kansans an opportunity to contribute to wildlife programs for species of wildlife not normally hunted. Eagles, songbirds, threatened and endangered species, turtles, lizards, butterflies, and pretty little stream darters all benefit. Although over $4 million dollars has been contributed via the Chickadee Checkoff, the average number of contributors throughout the checkoff’s history is a little over 17,000 annually. The highest year had 26,572 contributors, largely due to the chickadee logo appearing for the first time on the tax form. Donations have steadily declined since then because there are competing checkoff’s for other programs on the tax form. Let’s make it a banner year - nurture wildlife for the next generation! To order your prints, posters, and brochures for this year’s Chickadee Checkoff campaign e-mail ess@ksoutoors. com -- be sure to include how many of each you need and where they need to be sent or you may send in your requests to the address below.

Kansas Dept of Wildlife, Parks, and Tourism Ecological Services Section 512 SE 25th Ave Pratt, KS 67124 620-672-5911 Thank you for your support!

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Mark Your Calendar!

REGISTER NOW at www.kscpa.org!

Events

Conferences Wealth/Risk Management Conferences

2nd 2012 “20 up to 40” Program

Issues Update & Leadership Summit with Ernie Almonte

May 23, 2012 - Lawrence

Leadership Summit May 23, 2012 - Lawrence

3rd 2012 “20 up to 40” Leadership Training July 26-27 , 2012 - Salina

Women to Watch Awards Luncheon September 21 , 2012 - Overland Park

KSCPA Strategic Planning Retreat September 27-28 , 2012 - Overland Park

4th 2012 “20 up to 40” Team Building September 27-28 , 2012 - Kansas City

Professional Issues Update

with Rich Caturano November 14 , 2012 - Hyatt Wichita

KSCPA Annual Meeting November 14 , 2012 - Hyatt Wichita

Leadership Summit November 14 , 2012 - Hyatt Wichita

KSCPA 80th Anniversary Gala Starring Lonnie McFadden

November 14 , 2012 - Hyatt Wichita

May 7, 2012 - Overland Park

Designed for the profession, by the profession.

May 22-23, 2012 - Lawrence

Oil & Gas Workshop with John Tripp

May 8-9, 2012 - Manhattan

Agricultural Workshop with Roger McEowen

May 10, 2012 - Manhattan

Young Professionals Conference with Ernie Almonte

May 22, 2012 - Lawrence

Governmental & Non Profit

Accounting & Auditing Conference June 5-6, 2012 - Hyatt Wichita

Business & Industry EXPO June 20, 2012 - Wichita

Conference on Kansas Taxes June 25 , 2012 - Prairie Band Resort & Conf. Cntr.

Women’s Leadership Conference September 21 , 2012 - Overland Park

Business Valuation Conference October 19 , 2012 - Overland Park

62nd Annual Kansas Tax Conference November 15-16, 2012 - Hyatt Wichita

K2 Heartland Technology Conference December 6-7, 2012 - Overland Park SM

www.kscpa.org


January 2012 Skyscapes