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CPA November/December 2010 Volume 53, Number 3

Business Continuity

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Invest in the Future of Accounting in Washington

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Does Your Technology Measure Up?

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Changes are Coming to the CPA Exam

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Contents

wa s h i n g t o n

CPA www.wscpa.org • memberservices@wscpa.org Tel (425) 644-4800 • Toll free in WA (800) 272-8273 Fax (425) 562-8853 902 140th Ave NE Bellevue, WA 98005-3480 BOARD OF DIRECTORS James R. Ladd Chair Mark A. Hugh Vice Chair David E. Katri Secretary Mary D. Marino Treasurer Carmen J. Aguiar Immediate Past Chair Richard E. Jones President & CEO

Robert M. Cole, Jr. Jolene G. Cox Peter E. Doubleday Joyce G. Etheridge Michelle H. Gretsch Susan E. Legel Lucy L. Liu Nerelys M. Ortiz

Russell D. Price Thomas A. Pucci Lisa J. Sunderman David E. Trujillo Randy L. Wells William L. Wells Glenn G. Wisegarver

CHAPTER BOARD CHAIRS Bryce Hansen Bellevue Area Joseph Crowther Central Joseph M. Reid Central — North Seattle Richard E. Helke, II Northwest Vicki Dixon Olympia — Peninsula — Pierce County Amanda J. Goodman Sammamish Valley Connie L. Griffith Seattle Court Carter Snohomish County Michael K. Briggs South King County John Vogel South Sound Industry Trayson J. Harmon Southwest Shaun W. Johnson Spokane — Wenatchee Katrina L. Cantu Yakima Jeanette Kebede

Editor

The WashingtonCPA is published by the Washington Society of Certified Public Accountants for its members. Views and opinions appearing in this publication are not necessarily endorsed by the WSCPA.

Business Continuity Issue

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8

When Bad Things Happen to Good Accountants: Business Continuity and Your CPA Practice or Business Succession Planning Eases the Mystery of Your Organization’s Future

13 Star Trek the Next Generation...and Advocacy 14

Invest in the Future of Accounting in Washington

16 Does Your Technology Measure Up? 17 Proper Installation of Windows 7 XP Mode 20 Changes are Coming to the CPA Exam 39 Meet the First Scholarship Recipient

The products and services advertised in The Washington CPA have not been reviewed or endorsed by the Washington Society of Certified Public Accountants, its board of directors or staff. The WashingtonCPA (USPS 009754) is published six times annually by the Washington Society of Certified Public Accountants, 902 140th Avenue NE, Bellevue, WA 98005-3480. $12 of members’ annual dues goes toward a subscription to The WashingtonCPA. Periodicals postage paid at Bellevue, Washington and additional mailing offices.

Departments 4

Leadership Lens

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Events

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News Briefs

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Financial Literacy

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Advocacy

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CPE Digest

Send address changes to The WashingtonCPA,

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Industry Voice

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Registration Form

c/o WSCPA, 902 140th Avenue NE, Bellevue, WA

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Member Discounts

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Classified Ads

98005-3480.

22

Photo Album

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Member Profile

Photos by gettyimages.com and istockphoto.com. POSTMASTER:

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WashingtonCPA November/December 2010

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Leadership lens

Obituaries— Facebook for the Dearly Departed By Rich Jones, CPA, President & CEO

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realize this is a strange title for a column, but it came to me as I read the Sunday paper during a recent flight to Chicago for a joint meeting of the AICPA and NASBA UAA Committees. I had already read the Sports, Local and front page sections (in that order). With a few hours of flight time remaining, I perused the Obituary section. As I did this, I was struck by how much obituaries and Facebook home pages have in common. Think about it—there is usually a photo that has been chosen because someone thinks it captures the individual well. It may not always be a recent photo, but you recognize the person in the picture. An obituary (or Facebook home page) reveals a lot about someone’s life.You will probably find out if the person is married, where he/she went to school, where they work currently or most recently and their hobbies or interests. And you may learn about any special awards or recognition they have received for accomplishments in their life. In both cases, you get a nice snapshot of the life of the individual.

ity in your thought processes. You may have to guess at the relationship of some of the people in pictures posted on the page, but eventually you can usually piece together the relationships by the context provided in pictures, comments, etc.

Let’s look at our Facebook page and see if we are doing the things today that really make us happy and will result in the obituary that we want when that time comes. As CPAs, we have the knowledge (and often the resources) to be helpful to others in many ways.

And you can certainly tell how the person likes to spend their free time.

traveling. What really caught my attention was the extent to which people had volunteered to help other people. Many were involved with charitable causes for many years and had taken on leadership roles in those efforts. Others took leadership roles with social or religious groups, or perhaps were content to provide their support to the group through their attendance, and many found a way to give back as teachers or mentors. If you wonder sometimes about the basic goodness of human beings, spend some time reading the obituaries and see how many people found a way to help others during their lifetime.These are apparently the things of which their family is most proud, since this is what they have chosen to have remembered about them. It struck me that there is a good lesson here for all of us. Let’s look at our Facebook page and see if we are doing the things today that really make us happy and will result in the obituary that we want when that time comes. As CPAs, we have the knowledge (and often the resources) to be helpful to others in many ways. Let’s make a difference. Remember, we don’t write our obituary at death, we write it as we live our lives.

One thing that struck me in reading the obituaries is the wide variety of personal interests they reflect. Some of Facebook pages tend to be focused the people were outdoor enthusiasts more on the here and now and less on (hunting, fishing, hiking, mountain climbwhat has gone on in the past. However, ing), some were sports fans (golf, tennis, I am struck by how much you can learn and swimming seems to lead the lists), about someone you never met just by and many seemed to enjoy more quiet reading their obituary. You learn where pastimes such a reading, sewing, and You can contact Rich Jones and when they were born, often their gardening. Most seemed to enjoy spendparents’ names, the names of their sib- ing time with family and many enjoyed rjones@wscpa.org. lings, children, grandchildren, nieces, nephews and perhaps a former spouse. You also often learn the names of any of their family members who have predeceased them. An obituary may also relate the More than 1,500 members are story of how they met their spouse. You already following the WSCPA. will certainly get a listing of most schools Visit www.wscpa.org and attended and a pretty detailed descriplook for these icons. Or watch tion of what the person did for a living for links in your Short Form or profession. You can glean much of the Facebook LinkedIn Twitter e-Newsletter. same information from a Facebook page, but that may require a bit more creativNews, events, exclusive discounts, member discussions, and more!

at

Follow the WSCPA on...

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WashingtonCPA November/December 2010

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Leadership lens

Support the Washington CPA Foundation By Jim Ladd, CPA, WSCPA Chair for 2010-11

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support our Washington CPA Foundation! Why? Because I’ve seen firsthand how our contributions are helping to make a difference in people’s lives and build our profession. In fiscal 2009-10 alone the Foundation: •

Granted $41,000 in scholarships to 21 outstanding students from nine universities in Washington State, after a very competitive process. Those scholarships will allow those students to continue their accounting educations and become CPAs.

Contributed $10,000 to the AICPA’s Accounting Doctoral Scholars Program to enable outstanding CPAs to earn PhDs and become faculty members – addressing the growing shortage of accounting professors.

Supported the WSCPA’s Financial Literacy program, training and supporting WSCPA members who are increasing the financial literacy of students and adults throughout our state.

I served on the Washington CPA Foundation Board for the past 10 years and participated in the selection of scholarship winners. I assure you that the students who receive our scholarships are truly outstanding, in both academics and leadership skills, and that the need is greater than we can meet. Last year the Foundation reached new levels of fundraising success, and it has even higher goals this year. Details are available on page 14. Please join me and other leading members of the WSCPA in giving back to our profession at a higher level than ever before! You can contact Jim Ladd at jladd@systemsbiology.org.

Scholarships

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he Washington CPA Foundation will offer numerous $2,000 scholarships to qualified accounting majors attending school in Washington full-time in fall quarter 2011. To be eligible students must have junior status by fall quarter 2011. Graduate and international students are eligible to apply.

APPLICATION DEADLINE

The application deadline for these scholarships is February 15, 2011. Applications must be postmarked by that date.

LEARN MORE

To obtain a copy of the qualifications and application for these scholarships, either download them from the WSCPA student website, www.discovercpa.org, under “Scholarships,” or contact Mark Peterson at mpeterson@wscpa.org.

LAST YEAR’S SCHOLARSHIPS

21

accounting students

9

Washington universities

$41,000

scholarships awarded

Contribute today to the Washington CPA Foundation www.wscpa.org (WSCPA Community > Support the WSCPA) Contributions are tax deductible.

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WashingtonCPA November/December 2010

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cover story

business continuity

When Bad Things Happen to Good Accountants: Business Continuity and Your CPA Practice or Business

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t is not a question of “if,” but rather of “when.” Something will happen that will interrupt your CPA practice or business and your ability to fulfill your commitments to clients or customers. It could be a natural disaster, a serious data loss, possibly an attack on your reputation via social networking sites or even a terrorist incident. We can’t predict what the event will be—or even when it will happen—but there is much we can do to mitigate the impact regardless of the disruption. Planning for a recovery of your practice is a thankless task—one that is easily deferred or ignored. Most organizations do not have a plan and have not thought through how they would respond. We often think that if the disaster is big enough, and the entire community is affected, our workloads will drop to match our capacity to complete the work. Or, as has been the case in many disasters, the taxing authorities in Olympia and the IRS will extend deadlines to address taxpayers’ inability to respond. As comforting as these thoughts may seem, they don’t address the more common disruptions threatening small firms and single practitioners: a more localized incident that affects key people, systems, processes and/or communications.

The Loss of Key People

The temporary incapacitation of a key employee, partner or a sole practitioner can bring a business to its knees, often within days. Aside from the impact on interim deadlines, the temporary incapacitation of a key player can trigger a client exodus that may have taken years to build up. For sole practitioners, an unexpected disruption in their ability to perform can be devastating. In working with sole practitioners, I urge them to document key procedures and processes and take the time to brief a close accounting professional and/ or family members in how to transition the practice on a temporary basis until the principal can resume. This need not be an elaborate continuation plan, but a simple “in case of emergency” plan that assures there will be a practice that the principal can return to. Engagement letters should also contain language naming your “backstop” and the circumstances when the emergency plan will go into effect.

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WashingtonCPA November/December 2010

For larger firms, the challenge is documenting internal processes, systems access, and coordination with another CPA to provide reciprocal support arrangements. These agreements can, when properly prepared, provide a needed level of security in the event of an unexpected disaster or disruption. www.wscpa.org


Business continuity

Systems Backup and Recovery

Everyone knows the importance of backing up data and maintaining multiple copies in the event of disaster. Backup, in my opinion, is rarely the issue for CPA practices and other professional service firms. It is recovery. Can you access your data when needed? Have you ever tried to restore using your backup? I find many firms have never tested a full restoration and do not know the challenges that await them.

The key to building your organization’s resilience rests in an understanding of the operational risks, calculating the hourly cost of a disruption and recognizing that a disruption on April 7th carries far more impact to your firm than a disruption any other time of the year. Once you have your risks and exposures documented, you will be in a position to calculate the needed recovery window and the affect of any lost data.

Backup is rarely the issue for CPA practices and other professional service firms. It is recovery. Can you access your data when needed? Have you ever tried to restore using your backup?

Document Your Processes

In the event of a disaster, someone other than the usual person in a firm may need to initiate resumption of operations. For this reason, documentation of key procedures, processes and instructions are critical to prompt response. Time is of the essence following an incident and having well documented procedures can speed the response.

Communicate with Clients, Staff and Vendors

Few businesses plan for the loss of a phone system after a disaster and this is when your ability to communicate becomes most important.There is a database of clients to notify, vendors to inform and staff that may need to know the state of the organization. Keeping records of contacts offsite, creating call tree lists and the addition of a satellite phone can all add to your resiliency and maintain the confidence of your customers.

Is it Worth It?

Is a business continuation plan worth it? Yes! The simple truth is that planning works, and even though plans change; whether due to firm growth, the introduction of new technology, or adding new locations, developing the skills needed to recover operations can mean the difference between being in business or having to cease operations.

Can It Be Done?

Yes. Businesses of all sizes can develop and test a plan to ensure their continuation. And the lessons learned from such a test can serve as a fruitful topic of discussion with your clients as you advise on the protection of their businesses and households. Sam Shmikler is the Managing Partner of Resilient & Tested, LLC a Redmond,Washington firm specializing in the development and testing of business continuation plans for business. He can be reached at sam@resilientandtested.com.

Learn more and earn CPE: WEBINAR: When Bad Things Happen to Good Accountants: Business Continuity & Disaster Planning (WAWNR18) In this WSCPA webinar Sam Shmikler will dive deep into the steps, security issues, costs, and testing every CPA practice should do to keep their doors open. November 10 – 9-10 am Register today at www.wscpa.org/webinars

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WashingtonCPA November/December 2010

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succession planning

What now? Succession Planning Eases the Mystery of Your Firm’s Future By Wayne R. Pinnell, CPA

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n June 2004, Haskell & White co-founder Steve Haskell met with our firm’s partners to discuss a number of matters, and succession planning was at the top of the list. At the time, none of us realized how quickly we would be facing the issue head on—just three weeks later, Steve was diagnosed with lung cancer. Haskell & White, like many businesses, lacked a formal succession plan. However, we were fortunate enough to have 13 months with my colleague after he was diagnosed to prepare for a major shift in leadership and ensure that the company philosophy, vision and growth remained solid. Now, as I sit at the helm of the firm, I have a deeper appreciation of Steve’s foresight and the firm’s good fortune to have time to prepare for a smooth transition. Succession planning is not a new phenomenon and most CPA firms understand the need for it.Yet, according to a 2008 AICPA Private Companies Practice Section survey, only 35 percent of accounting firms have a written succession plan in place, leaving a whopping 65 percent of firms vulnerable if they were to experience the loss of a leader.

In my own firm’s case, I was not hired under the assumption that I would become managing partner, nor was it my goal. Rather, the two founding partners, Steve Haskell and David White, were focused on looking for talent who could replace them, and over the eight years I served as an audit partner and worked closely with the firm’s leadership, I gained the confidence, understanding, loyalty and support of our partner team, which enabled me to take on the firm’s managing partner role.

There is No Wrong Way to Plan

Aside from not having a plan at all, there is no right or wrong way to plan. Thinking about your company’s future is the first step in the right direction. From there, shape the plan into something that fits your company’s culture and goals. Let your organization’s history help guide these important decisions. For example, if your business is built on a solid foundation of operating values, has strong employee retention, loyalty and longevity, you may want to consider looking within your ranks for a successor. Many firms favor internal candidates because they value their experience. In contrast, if your organization is Whether or not a formal powered by mobile Millennials, who Starting Early Ensures a leadership succession is appear to have no interest in running Smooth Transition your firm—or any firm—consider For most leaders, thoughts of leavimminent in your firm, recruiting an individual from the outing their practice are fairly distant and it is always a good idea to side who understands your compasuccession planning is easily brushed ny’s climate and the changes that are aside to another day. However, a good develop younger talent, bound to ensue with any leadership succession plan isn’t an intention, it’s an hire with an eye for the future transition. ongoing process. Since every business is different, It takes time to develop criteria for a and plan several layers deep. one size will not fit all when it comes desirable successor as well as to actually to succession planning. Additionally, select one. Plus, succession planning is not while an internal candidate worked for just about finding the next best leader; it’s a firm in one instance, circumstances also about ensuring your employees and the organization as a whole is prepared for what could be exten- will invariably be different during the next leadership transition sive change. While a good succession plan grooms and trains and the firm might find that an external candidate is a better the successor for the top spot, it also assesses the capacity of fit in that instance. Also, look at business models from other team members at all levels so they can expand their responsi- industries when succession planning and be open to reinventing the wheel. bilities and grow with the firm. Regardless of company or firm size, the primary goal when Whether or not a formal leadership succession is imminent in your firm, it is always a good idea to develop younger talent, creating a succession plan is the continuation of a growing hire with an eye for the future and plan several layers deep.You and profitable professional practice. Give prospective leaders may find that the right successor is someone who started a a chance to demonstrate their potential without penalizing career with your firm, then left, but is now willing to return in them for being unfamiliar with newfound responsibilities. These a leadership role. By tracking career paths inside and outside of opportunities will make employees who are potential succesthe firm you increase the likelihood of a smooth transition when sors more comfortable with taking on different roles. your current leader is ready to, or is forced to, step aside.

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WashingtonCPA November/December 2010

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Washington CPA FOundation

succession planning

A Smooth Succession Does Not Happen Overnight

Successors need time to adjust to ensure a successful transfer of roles. Before becoming managing partner, I worked closely with Steve and the other partners to create goals for the next five years, identifying gaps in staff expertise and anticipating potential departures and retirements. Setting these goals ultimately helped strengthen the firm for the next phase of development. These goals and development plans are reviewed annually—at a minimum—and when new opportunities are identified. Even with a lengthy transition, employees and clients need time to get used to communicating issues to someone new. For a successor at a company or firm of any size, employees and clients need to know that you are a dedicated, competent and knowledgeable leader. An important step in my transition process to help nurture employee loyalty was meeting personally with each manager to check the pulse of the company, answer questions and ease any uncertainties. For clients, who can be hesitant about doing business with a successor, open communication is vital before the transition occurs. When the opportunity to ease into succession of roles is available, it’s best to make introductions of the intended successor to the clients and to begin working together to make the transition natural and comfortable. When succession is necessary as the result of a sudden loss, it is imperative for company leaders to meet with key clients and vendors as soon as possible. After losing Steve, I learned that many people assumed our firm’s finances were unstable. Communication was a key to making sure our personnel, clients and vendors understood that this was not the case and in fact the firm’s finances were in fine shape. Being upfront helped in building trust and stronger relationships with clients.

www.wscpa.org

Stay Current

A succession plan is never complete. As an integral piece of the overall business plan and strategy for any company, succession plans should constantly be modified and updated to match changing environments. For example, when considering growth cycles, you may need to consider having a different person lead the charge into new areas of expertise or geographic location. Likewise, if your company is experiencing a shortfall in business, a different talent may be required to jump start the company for a new boom period. Either way, succession planning needs to focus on short-term strategic and operational decisions as well as long-term leadership issues.

Consider Some Basics

Consider having key personnel in the firm covered by keyman insurance policies, particularly the partners/owners, key experts and rainmakers. If locked in over a long period of time, these life insurance policies can prove to be an inexpensive way to finance potential shortfalls in the business and other major expenses that may be incurred during a transition resulting from the sudden loss of a decision maker. There are two basic types of key-man life policies: termlife insurance and universal/whole-life insurance. The type of policy used depends on the business’ specific needs. Term-life insurance often is used by startup or small, independent firms because of its relatively low cost and flexibility. On the other hand, larger companies or firms typically use universal/wholelife insurance as these policies build cash value, which is an asset on the company’s balance sheet and can be accessed anytime at the company’s discretion. Another basic is partnership agreements, including buy-sell arrangements, which help offer tax advantages and promote equitable and orderly transfer of wealth. Whether a stock

WashingtonCPA November/December 2010

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redemption, cross purchase or hybrid plan, a buy-sell agreement should be reviewed periodically to reflect the changing needs of the owners and values of the business. As circumstances change, it may be necessary to amend or replace existing agreements. Terms of a buy-sell agreement that should be reviewed regularly include:

STATEMENT OF OWNERSHIP, MANAGEMENT, AND CIRCULATION (REQUIRED BY 39 U.S.C. 3685) 1. Publication Title: The Washington CPA 2. Publication No.: 0000-9754 3. Filing Date: 1 October 2010 4. Issue Frequency: Bi-monthly 5. No. of Issues Published Annually: 6 6. Annual Subscription Price: $12 7. Complete Mailing Address of Known Office of Publication: 902 140th Avenue NE, Bellevue, King, Washington 98005-3480 8. Complete Mailing Address of Headquarters or General Business Office of Publisher: Same as #7 9. Full Names and Complete Mailing Addresses of Publisher, Editor, and Managing Editor: Publisher: Washington Society of Certified Public Accountants, Editor: Jeanette Kebede, Managing Editor: n/a, Washington Society of Certified Public Accountants, 902 140th Avenue NE, Bellevue, WA 98005-3480 10. Owner: Washington Society of Certified Public Accountants, 902 140th Avenue NE, Bellevue, WA 98005-3480 11. Known Bondholders, Mortgagees, and Other Security Holders Owning or Holding 1 Percent or More of Total Amount of Bonds, Mortgages, or Other Securities: None 13. Publication Name: The Washington CPA 14. Issue Date for Circulation Data Below: September/October 2007 15. Extent and Nature of Circulation (Avg. No. Copies Each Issue During Preceding 12 Months, Actual No. Copies of Single Issue Published Nearest to Filing Date). a. Total No. Copies: 10,000, 9,400 b. Paid and/or Requested Circulation: 1. Paid/Requested Outside-County Mail Subscriptions Stated on Form 3541: 5690, 4325. 1. Paid In-county Subscriptions: 3945, 4442. Sales Through Dealers and Carriers, Street Vendors, Counter Sales, and Other Non-USPS Paid Distribution: n/a, n/a. 4. Other Classes Mailed Through the USPS: 0, 0 c. Total Paid and/or Requested Circulation (sum of 15b(1) and 15b(2)): 9635, 8767 d. Free Distribution by Mail: 1. Outside-County as Stated on Form 3541, 110, 196. In-County as Stated on form 3541, 125, 175. Other Classes Mailed Through the USPS: 0, 0 e. Free Distribution Outside the Mail: 40, 84 f. Total Free Distribution: 275, 455 g. Total Distribution: 9910, 9222 h. Copies not Distributed: 90, 178 i. Total (Sum of 15g, 15h(1), and 15h(2)): 10,000, 9,400 Percent Paid and/or Requested Circulation: 97%, 95% 17. Signature and Title of Editor, Publisher, Business Manager, or Owner:

• Restrictions on transfer of ownership provisions. • Profit and loss provisions, based on ownership interest of the business entity. • Control and management provisions for voting rights and procedures. • Purchase price/valuation and payment terms with agreed-upon value for the business or a formula method to establish the value. • Dissolution provisions and how assets are distributed among the owners.

Even the Best Laid Plans Are Not Perfect

Since the planning process often affects the entire company, it’s rare that the transition is flawless. Change for anyone can be exciting, as well as a source of stress and uneasiness. The leadership change at Haskell & White was a smooth one, although it was not without hard work. New partners were recruited to strengthen the management team and procedures were set to reflect the strategic plans. All the while, our level of service to clients and employee relationships were never sacrificed. Although the process was challenging, particularly during the initial years, the firm sustained continued growth and the hard work has paid off. Now in its 23rd year, Haskell & White operates as one of the largest independently owned accounting firms in Southern California with two offices and employs more than 60 professionals. Wayne R. Pinnell, CPA is the managing partner of Haskell & White LLP. He can be reached at wpinnell@hwcpa.com or www.hwcpa.com. Reprinted with permission of CalCPA. :: :: :: :: :: :: :: :: :: :: :: :: :: :: :: :: :: :: :: :: :: :: :: :: :: :: :: ::

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We knoW a lot about northWest businesses. We’re one too.

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decision-maker who understands your business and how to protect your best interests. Working together, we can create smart banking solutions that help organizations reach their financial and business goals.

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Business banking works better face to face. 206-624-5700 // 866-914-5700 www.fortunebankwa.com


news briefs

Renewing your license in 2011? CPE DEADLINE - If your Individual CPA license, CPA-Inactive certificate, or nonlicensee firm owner registration expires June 30, 2011, you must meet the State Board of Accountancy’s Continuing Professional Education (CPE) requirements by December 31, 2010 in order to qualify to renew. ONLINE RENEWAL - Effective January 1, 2010, you must renew your individual and/or firm license with the State Board of Accountancy online using CPAOnline. Download instructions for using the new system here: www.cpaboard.wa.gov/ files/Detailed_Instructions_w-pics.pdf.

Save the Date WSCPA Annual Meeting, June 1, 2011 Featuring Professional Issues Update with Bob Bunting

To learn more, visit the State Board website at www.cpaboard.wa.gov.

Free Member Resource: Financial Statement Review

Would you like to expand your client base? Is your firm currently enrolled in the WSCPA Find a CPA Referral Service? The WSCPA’s online Find a CPA Referral Service is a cost effective way to market your firm’s services to the public. For just $175, you can list your firm with this service. Plus, you can add satellite offices for $50 each. Enroll or renew now and your firm will be in the service through June 30, 2011. This service is marketed in directories statewide, online directories and, starting this year, via Twitter. Each firm in the referral service is promoted via Twitter to our followers. Hundreds of individuals and business statewide looking for CPAs visit this service at www.wscpa.org or call the Society especially during tax season. To enroll, visit www.wscpa.org, and click “Find a CPA,” then “Enroll Online Today.” Questions? Call Jennifer Ayoub, (425) 586-1142 or (800) 272-8273, Ext. 1142 (toll-free in WA), or e-mail memberservices@wscpa.org.

CPA Referral Service

WSCPA Mailing List Policy

The Society does not sell member e-mail or mailing addresses. Members may occasionally receive mail from the Society’s third-party affinity partners that offer products or services deemed to provide value to members. If you prefer to be excluded from these mailings, send a request to unsubscribe from third-party mailings to memberservices@wscpa.org. or call the Society at (425) 644-4800 or (800) 272-8273 (toll-free in Washington).

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Are the financial statements you are issuing in accordance with GAAP or OCBOA? Did you know the WSCPA offers FREE, confidential comments on your financial statement format, presentation, and other professional issues based on reviews of post-issuance financial statements? Submit up to two sets of redacted statements by December 15 to Sharon Olene-Marander at smarander@ wscpa.org or call (425) 586-1138 for details.

In Memoriam: Jim Halverson

The South King County Chapter Board is deeply saddened by the recent passing of Jim Halverson, a long-time Board member, friend and colleague. They acknowledge the loss to his family, community, and profession and will dearly miss his valuable contributions, his passion for the accounting profession, his quick wit, and easy laugh.

pecial Member Discount S

Last chance to save!

Save 25% on CCH U. S. Master Tax Guide through Dec. 31

Reserve your copy of the industry’s leading tax guide and save 25% off the list price of $86.60. You pay only $64.95 plus tax and shipping. You will not be billed until after the book ships. (Cancel before shipment without charge.) The 2011 edition will contain timely and precise explanations of federal taxes for individuals, corporations, partnerships, estates and trusts. Plus, save up to 40% on other CCH resources. To order and learn about other CCH resources, visit http://cchgroup.com/members/wscpa and click on the “Member Order Direct Program” tab. To receive your discount, use priority code Y5596 and hit “Apply.”

WashingtonCPA November/December 2010

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advocacy

Star Trek the Next Generation ... and Advocacy By Judy Love,WSCPA Director of Advocacy

“Space: the final frontier. These are the voyages of the starship Enterprise. Its continuing mission: to explore strange new worlds, to seek out new life and new civilizations, to boldly go where no one has gone before.” (Opening to original Star Trek series) “Now what is she writing about?” you ask. “In the last issue of the magazine it was vacations, this month it’s Star Trek?!” But you are still on this page, aren’t you? And if you stay a while longer I think you will learn about some promising developments that bode well for the future.

Live Long and Prosper

Succession planning is a challenge for any organization. Anyone who hands off a business, program or service they have worked long and hard for wants to see it continue to thrive—even grow— with the next owner or generation. The same is true for the WSCPA, an organization formed 104 years ago for the purpose of defining the profession in Washington State statute. Over the years the WSCPA has added other elements common to a membership organization: continuing education, opportunities to build networks, and promoting the profession. But the Society’s founding purpose—advocacy for the profession’s interests—remains central to its mission. Countless volunteers have stepped up to provide expertise, feedback and perspective on an ever-increasing flood of regulations and laws. WSCPA members have testified before the State Board of Accountancy and the state legislature; they have written letters to and met with Congressional delegates in Washington D.C.; they have served on the State Board of Accountancy; they have participated in meetings with the Department of Revenue; they have met with officials at the U.S. Treasury Department; they have www.wscpa.org

Anyone who hands off a business, program or service they have worked long and hard for wants to see it continue to thrive— even grow—with the next owner or generation. served on committees to draft responses to FASB, GASB, the IRS. Their service is incalculable, their legacy seen and experienced every day by CPAs in all areas of practice. During my 10 years with the WSCPA it has been my privilege to work with a number of highly motivated and dedicated members, the Society’s “go to” people for advocacy efforts. But in this, as in many other arenas, there is a generation gap—or two. I have worried about who will carry the legacy of the past 104 years into the “strange new worlds” we all know will be out there. Two recent WSCPA events have given me renewed energy and great hope for the future. Over 100 bright, energetic and poised students and new professionals attended either the Southwest Chapter Student Night or Members’ Reception. Every one of them had done their homework; they came prepared to net-

work, to ask the right questions, to sell themselves. Several had even recently looked at the WSCPA website and talked knowledgeably about the IRS proposal to register all tax preparers. I wondered if most of our seasoned members could have done the same. When they learned about the Society’s advocacy role, several made a connection with their recent student experiences lobbying in Olympia for issues of importance to them. They quickly grasped how there could be many opportunities to do this as professionals as well. A number are excited at the possibility and are ready to engage their peers—the Next Generation—in efforts to carry the profession through the next 104 years. “Beam me up, Scotty.” You can contact Judy Love at jlove@ wscpa.org.

WashingtonCPA November/December 2010

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Washington CPA Foundation

Contribute to the Washington CPA Foundation

Invest in the Future of Accounting in Washington By Kimberly Scott, CAE,WSCPA Director of Member Services

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s a WSCPA member, each year you are invited to donate to the Washington CPA Foundation on your dues statement. Why should you consider contributing to the Washington Foundation? Each year the Foundation funds 20 scholarships of $2,000 each to eligible students in Washington State giving students the help they need to become CPAs. The Foundation would like to raise the amount of these scholarships to $3,000 each. Trends indicate that the more complex accounting becomes, there will be a greater need for CPAs. This also correlates with the aging population and the possibility of an increase in

Washington CPA Foundation supports the Accounting Doctoral Scholars (ADS) program by contributing $10,000 a year. The ADS program was designed to create 120 new PhDs by granting substantial scholarships to 30 new candidates a year throughout the 4 year PhD program. About 400 members contribute a total of about $30,000 a year when paying their annual dues. As astute accountants, you have undoubtedly observed that the Foundation is not generating sufficient revenue through the dues process to meet its current contributions, much less the expanded ones. To balance the budget, the Foundation launched a program last year to increase awareness and

This group of supporters will be invited to a special reception in their honor at the Harbor Club in January. Attendees at this invitation-only event will have the opportunity to network with each other, the Foundation Trustees, and scholarship winners. This is a yearly event for Circle level donors. Attendees at last year’s event were very impressed by the quality of the scholarship winners. To learn about the promising students receiving scholarships this year, visit www. discovercpa.org (click “Scholarships”). The Founding Leaders Circle names can be found on the WSCPA website, at www.wscpa.org/Content/legacy/Circle. aspx.

Contribute today! Visit www.wscpa.org (WSCPA Community > Support the WSCPA) All contributors to the Foundation will become part of the Circle Program. Leaders Circle contributors will be invited to a reception in January.

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Your contribution is tax deductible.

Washington CPA Foundation Circle Program Foundation Contributor Level Supporting Contributor Senior Contributor Leaders Circle* Executives Circle* Senior Executives Circle* Chairmans Circle*

Contribution $50 - $99 $100 - $249 $250 - $499 $500 -$999 $1000-$2499 $2500+

* Invited to attend the Foundation reception. CPAs retiring. The great news is that colleges are seeing an increase in students declaring accounting as their major. The bad news is that colleges are also seeing a shortage of Accounting PhDs. Without these qualified educators, many colleges will not be able to have an accredited accounting program. That is why the

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Founding Leaders Circle Reception, January 2010

recognize donor contributions to the Foundation’s success. This new outreach brought in another $20,000 thanks to generous members. All contributors to the Washington CPA Foundation are listed on the Foundation pages of the website. Contributors of $250 or more in 2010 are automatically part of the “Circle” level donors.

WashingtonCPA November/December 2010

To make a difference in the future of the profession, make a tax deductible contribution to the Foundation. Contributions to the Foundation can be made using a check or credit card, by phone, mail or by logging on to the WSCPA website at www.wscpa.org (“WSCPA Community” > “Support the WSCPA”). www.wscpa.org


QAR

State Board Looking for Quality Assurance Review Volunteers

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he Board of Accountancy needs your experience and expertise to assist with the Quality Assurance Review (QAR) program to monitor the work of Washington licensed CPA firms. What is QAR? The program was established in 1986 to ensure that quality compilation, review and other attestation services are provided by our licensed firms so that others may rely on that information. How does the QAR program work?

Qualified, volunteer CPAs from Washington CPA firms throughout the state review the reports and financial statements submitted by CPA firms.

What is required to be a volunteer for the QAR program? Volunteers

must have held a current Washington CPA license for at least three years, and must have experience providing review, compilation and/or other attestation services. Is there particular experience the Board is looking for? The Board is

looking for all types of experience in providing these services and encourages all qualified CPAs to apply. We especially need CPAs with experience with labor unions, agriculture, common interest realty associations (CIRAs), contractors and personal financial statements.

This is a great opportunity to meet fellow CPAs in the state, give back to the profession and earn some CPE. Why should I volunteer? This is a great opportunity to meet fellow CPAs in the state, give back to the profession and earn some continuing professional education credits. Who do I contact to volunteer? If you are interested, please contact Jennifer Sciba at jennifers@cpaboard.wa.gov or (360) 586-0952.

no in-house cost segregation resources? no problem. You still have access to the right know-how.

Unease expertise.

Moss adams LLp combines the capabilities of a large national consultancy with convenient local accessibility. Our dedicated Cost segregation services team can partner with you to provide your clients with added value. and help them increase their cash flow. put our knowledge to work for you.

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Craig Chase (425) 551-5704 craig.chase@mossadams.com 2707 Colby Avenue, Suite 801 | Everett, WA 98201 www.mossadams.com

www.wscpa.org

WashingtonCPA November/December 2010

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technology

Does Your Technology Measure Up? By Thomas G. Stephens, Jr., CPA.CITP

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t’s a fair question, don’t you think? With today’s economic issues still pressuring organizational budgets, many accountants and other business professionals are examining how technology can improve organizational efficiency and profitability. So, where does your organization stand with respect to implementing practical technology that can have an immediate positive impact on your bottom line? What are some of today’s technology best practices for firms and organizations of all sizes? At K2 Enterprises, we see several key areas where organizations can realize an immediate return on investing in technology. Among the more noteworthy are: •

Migrating to Microsoft Office 2007/Office 2010,

Managing information more effectively with a document management system, and

Implementing a workflow solution.

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For a firm with 10 employees, a workflow solution that saves each person just 15 minutes per day saves the firm $18,750, assuming an average billing rate of $100 per hour, per person.

Migrating to Microsoft Office 2007/Office 2010

For organizations currently running Microsoft Office 2003 or prior, implementing Office 2007 or Office 2010 (released in May), represents a significant opportunity for end-users to become more efficient when working with everyday tools such as Excel, Word, and Outlook. Yes, the user interface is much different than that in Office 2003 and learning how to work with it effectively is a training issue that you will need address, but the advantages offered in both Office 2007 and Office 2010 far

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outweigh the transition issues associated with migrating from Office 2003. Among the features in these versions of Office that improve productivity are enhanced capacities in Excel workbooks; improved charting engines in Excel,Word, and PowerPoint; and easier exchange of information through new XML-based file formats. New features available in Office 2010 include a 64-bit version that can take advantage of additional memory installed with 64-bit operating systems; Office Web Apps, web-based versions of Excel, Word, PowerPoint, and OneNote; and significant improvements to Outlook, including QuickSteps and Conversation View, both of which provide for managing email more efficiently. Neither Office 2007 nor Office 2010 require Windows Vista or Windows 7, but organizations that implement a 64-bit version of either of these operating systems in conjunction with a 64-bit version of Office 2010 are likely to notice superior performance, as compared to prior versions of Office.

]

Managing Information more Effectively with a Document Management System

Leaders in many organizations consider their organizations “paperless” because, at some level, the organization is scanning and storing documents as digital files – usually PDFs. However, scanning paper documents to PDFs and storing them in traditional Windows file folder structures does not represent the paperless office. Rather, managing information from cradle-to-grave through a document management system (DMS) is how the paperless office is defined. This

WashingtonCPA November/December 2010

management process includes addressing issues such as document security and integrity, defining and enforcing document retention policies, retrieving documents on demand, and placing documents on litigation hold. Further, it addresses all documents in an organization, including documents from non-traditional sources such as email, voicemail, and faxes. In addition to supporting “green” initiatives, other benefits associated with using a DMS to manage the paperless office include quicker access to critical information, enhanced security, reduction in square footage used to store paper documents, anytime/anywhere access to documents, and increased capacity for growth without adding overhead.

Implementing a Workflow Solution

Closely associated with the concept of a paperless office is that of more effectively managing workflow within the office. Every organization has workflows; workflows are those processes – either formally or informally defined – by which transactions are effected within the organization. For example, in an accounts payable department, there is a workflow associated with how the organization processes invoices from vendors; likewise, in a public accounting firm, there is a workflow associated with how the www.wscpa.org


Not-for-Profits

Proper Installation of Windows 7 XP Mode By Val D. Steed, CPA, MA, CITP Learn more and earn CPE: Information Technology Conference (ITC) December 13-14 CPE: 16 Tech credits www.wscpa.org/ conferences

firm processes individual income tax returns. As organizations move paperless and paper-based routing slips and other documents cease to exist, how will we know the status of any transaction within the organization? How will we know to whom the transaction should flow once a specific processing step is completed? These are the functions of workflow management solutions – to track documents and transactions as they move from one participant in the workflow to another. Properly implemented workflow solutions increase efficiency, improve customer/client service, support paperless processes, and improve internal controls, all of which enhance profitability. Consider the following scenario. Suppose you work in a small public accounting firm with ten people involved in the process of preparing individual income tax returns. Further, suppose that the firm prepares 300 tax returns during the 75-day “busy season.” A workflow solution that saves each person just 15 minutes per day saves the firm $18,750, assuming an average billing rate of $100 per hour, per person. Clearly, workflow solutions represent a terrific opportunity to enhance organizational profitability. Every organization is different and one or more of the technologies mentioned above may not be appropriate for your www.wscpa.org

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indows 7 is the best operating system, to date, from Microsoft and a clear winner. This is the first time Microsoft has ever released an operating system and not increased the hardware requirements. With that being said, Windows 7 is very popular but not perfect. Both Vista and Windows 7 struggle with older applications that were designed to run on Windows XP and prior. To solve this, Microsoft has given the professional IT community a great gift – XP Mode. XP Mode is a vastly improved version of Virtual PC. XP Mode integrates easily with USB drives, local host OS drives, and even networked drives and printers. This was a big challenge for prior versions of Virtual PC. Only VMware was good enough to use in conjunction with serious business applications. Not anymore. In many ways, it seems that XP Mode is much easier to use than the popular VMware Desktop. Especially when you consider that you can add XP Mode application icons to the start menu of Windows 7 and run as though they were installed in the base Windows 7 operating system. Also consider that many Windows 7 users will use XP Mode to isolate problematic programs from their main operating system (Windows 7) so they don’t muck up the main OS. Hence, this is an extremely attractive feature of Windows 7. XP Mode is available in the following versions of Windows 7: • • •

Windows 7 Professional Windows 7 Ultimate Windows 7 Enterprise

XP Mode is not installed with the standard installation of any of these versions of Windows 7. It requires users to go to the following Microsoft website and download the needed components: http://www.microsoft.com/windows/ virtual-pc/download.aspx. Or, you can easily search with Google or Bing on the term XP Mode and find this site. This is where it can get a bit dicey, but if you pay attention to the following steps, you will not make the same mistake I made last month. Get this wrong and you will either bog down your machine, which I did, or crash it altogether, which I did right after bogging it down and trying to fix the mistake. You must get this right from the start. Here are the steps: 1.

Before you start downloading anything, know your hardware. You must determine what capabilities you have in your processor. Look up continued on p. 18

organization at this time. However, for many businesses, implementing one or more of the technologies discussed in this article can positively affect efficiency, productivity, and ultimately, profitability. Now is a great time to consider how your organization’s technology measures up; if it is not supporting organizational objectives, consider the many great options you have available today to make your investment in technology a real strategic asset. Mr. Stephens is a shareholder in K2 Enterprises. He will be a presenter at the Information Technology Conference, December 13-14 at Meydenbauer Center in Bellevue. You may contact him at tommy@k2e.com. WashingtonCPA November/December 2010

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technology

2.

3. 4.

your specific processor chipset on either AMD or Intel’s website to see if the chipset supports hardware virtualization. The graphic below shows that my new laptop does have hardware support for virtualization, a fact that I assumed would not be present in this new smaller, lighter laptop. I was wrong. So I loaded all three elements of XP Mode when I actually only needed the first two. Read the fine print carefully and you will see that Microsoft warns you about this right on the site. Next, follow the step marked step 2 on the website and select your version of Windows 7 and language. Now, you will see three buttons appear on the screen at the bottom. Download and install the files

5. 6.

7.

8.

associated with the first button (Windows XP Mode). Download and install the files associated with the second button (Windows Virtual PC) Halt! Do you need the third element? If you have hardware support for virtualization, you do not need this third set of files. Stop. You are done with the website. Skip step 7 and go to step 8. If, and ONLY if, you do NOT have hardware support for virtualization, download and install the files associated with the third button (Windows XP Mode Update). This is not for all systems, only those that do not have the hardware level native support for virtualization. Now, select Windows XP Mode from the Start menu (Virtual PC Folder) and it will begin the

installation process. From here on, it becomes a standard Windows XP installation into the virtual machine including antispyware, anti-virus, etc. Complete the XP Mode installation, close and be sure to change the default RAM allocated to the XP Mode Virtual PC by selecting Virtual PC console from the Virtual PC Folder. I recommend 1.5 MB of RAM for heavy users and 1 MB for casual use of XP Mode. You must have at least 4 GB of RAM in your Windows 7 system to enable you to allocate this much to XP Mode. Enjoy! A proper installation of XP Mode should greatly enhance your experience with Windows 7. Mr. Steed is CEO, K2 Enterprises. He will be a presenter at the Information Technology Conference (ITC), December 13-14, Meydenbauer Center, Bellevue.

Preg O’Donnell & Gillett, PLLC welcomes its newest attorney:

Mary C. Eklund

a litigator with a practice providing legal advice and representation to the accounting profession since 1985 Joining Mary is Barb Schmidt, who has worked with Mary in accounting representation since 1992.

1800 Ninth Avenue, Suite 1500 Seattle, WA 98101-1340 www.pregodonnell.com

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WashingtonCPA November/December 2010

Phone: Fax: Email:

(206) 588-8589 direct (206) 287-1775 (206) 287-9113 meklund@pregodonnell.com www.wscpa.org


industry voice

On Fire CPE For Industry CPAs How to Grow Your Business Effective Business Development Skills In Today’s Recession (EBS42) November 8, 2010 | Meydenbauer Center, Bellevue

Learn real world, proven techniques to attract “A” level clients.You will immediately be able to implement techniques for preparing meetings, creating a positive first impression, identifying and developing a prospect’s needs, and fashioning accounting solutions to meet each need. Improve your ability to summarize and wrap up a meeting with a statement that will maximize the probability the prospect will hire you. Learn how to find desirable prospects, traditional marketing strategies, and much more! Become a World-Class Organization Team Building Within the Finance Function: A Challenge for Today’s CPA (TBFF) November 15, 2010 | WSCPA Learning Center, Bellevue

In this period of global competition and rapid change, world-class organizations have learned two crucial things needed for success: excellent customer service and maximum efficiency. The most successful organizations have effectively established cultures where all employees are committed to these dual tasks: giving customers the ultimate in service and accomplishing this in the most efficient manner. Gain an understanding of organizational cultures and how to promote the team culture for maximum customer service and efficiency. This program is applicable to the finance function in both large companies as well as the smallest firms. Learn detailed suggestions and models on how to change culture and formulate a team culture within the finance function. This program is not just theory; it also includes step-by-step instructions to transform an organization or department into a world-class operation. Looking for additional CPE? Learn about more seminars for CPAs working in business and industry at www.wscpa.org/CPE/catalog. Plus, learn about webcasts and webinars, such as: WEBCAST: Accounts Receiveable Management (WEB211) WEBINAR: Washington State L&I Audits: Are You in Compliance? (WAWNR25) WEBINAR: Myths of Budgeting and How to Overcome Them (WEB154)

Boost Your Career Advanced Controller and CFO Skills (ACCS2) November 16, 2010 | Lynnwood Convention Center, Lynnwood

If you want to be secure in your position as the “financial sheriff,” you must be able to document your worth to the company’s leaders by exhibiting the advanced skills that help you add value and contribute to the success of the organization. In this advanced course, you will explore the ten critical skills that add value to your company and boost your career. Learn how to translate your firm’s strategies with key performance. Improve your skills in the five key areas needed for success. Align your firm’s strategies with your internal reporting system and become an advocate for your team.

Especially for the Small Company CPA Only Financial Officer 2.0: More Skills for Smaller Company Financial Managers (OFO) November 23 | Hampton Inn Spokane

The title “Chief Financial Officer” is not an accurate description of what many financial managers do because the word “chief” implies that the company has more than one. This seminar will cover four major topics that are important to the financial manager who must do it all: • Resolving ethical conflicts; • Doing more with less; • Strategic cost management; and • Protecting your company from fraud. Protect Your Company from Legal Headaches AICPA’s Annual Business Law Update (ABLU2) December 9 | Edward D Hansen Conference Center, Everett

Lawsuits flow freely these days. Stay on top of business law developments to protect your company, firm or clients from common legal entanglements. Learn how to handle current employment issues, resolve business disputes, protect assets and avoid product-liability issues. This course draws on the background of commercial litigators, corporate lawyers, product-liability litigators and tax attorneys to present hot legal topics that managers face daily. Learn from case studies based an actual legal situations.

Learn more and register today at www.wscpa.org/CPE/catalog www.wscpa.org

WashingtonCPA November/December 2010

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CPA Exam

Changes are Coming to the CPA Exam

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n its nearly 100-year history, the Uniform CPA Examination has undergone many changes. Until the end of 2003, it was a paper-and-pencil examination administered twice each year. In April 2004, the computer-based CPA Examination was launched and the paperand-pencil examination was discontinued. The computer-based CPA Examination achieved its millionth administration in 2009. The Uniform CPA Examination is poised for an additional round of innovations and improvements to be imple-

mented in 2011. See the table below for a summary of the changes coming next year.

The Exam Goes International

In 2011, the CPA Exam will be offered outside of the 55 US jurisdictions for the first time in history. If you live in one of the selected testing locations, you will be able to take the Exam without traveling to the US. The CPA Exam next year will be offered in: Japan, Bahrain, Kuwait, Lebanon and the United Arab Emirates.

what’s new? The 4 Parts of the CPA Exam

Time

2010 Exam Format

14 hrs total

AUD Standards, Planning & Evidence, Internal Control, Reports, Compilations & Reviews New in 2011: IRFS topics; Ethics & Independence testing, previously REG FAR Business Enterprises, Governmental Entities, Not-for-Profit Organizations New in 2011: IFRS topics; testing on new GAAP codification changes REG Tax, Law & Professional Responsibilities New in 2011: Ethics & Responsibilities pertaining exclusively to Tax practice; new Business Structure topic, previously BEC; No IFRS BEC Cost Accounting, Economic Concepts, Financial Mgmt, Information Technology New in 2011: IFRS topics; Corporate Governance; Info. Systems topic redefined from bus. entity manager’s perspective

The Exam will be offered only in English, and will be the same computerized test as the one administered in the US. Candidates must meet the same eligibility requirements, and complete the same licensure requirements, as US counterparts. Applications to take the exam at an international location will be accepted from early- to mid-2011. For additional CPA Exam information visit www.cpa-exam.org.

2011 Exam Format

Time 14 hrs total

4.5 hrs

90 Multiple Choice 70% 2 Simulations 20% Written Comm. 10%

4 hrs

90 Multiple Choice 60% 7 Task-Based Simulations 40%

4 hrs

90 Multiple Choice 70% 2 Simulations 20% Written Comm. 10%

4 hrs

90 Multiple Choice 60% 7 Task-Based Simulations 40%

3 hrs

72 Multiple Choice 70% 2 Simulations 20% Written Comm. 10%

3 hrs

72 Multiple Choice 60% 6 Task-Based Simulations 40%

2.5 hrs

90 Multiple Choice 100%

3 hrs

72 Multiple Choice 85% 3 Written Comm. 15%

Tables courtesy of Roger CPA Review

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WashingtonCPA November/December 2010

www.wscpa.org


CPA Exam

keep in mind... Testing Availability Testing Windows

Blackout Months

January - February March April - May June July - August September October - Nov December * Candidates have 18 months to complete all 4 exam sections.

CPA Exam Review Course Discounts for WSCPA Members

W

ith the changes coming up on the CPA Exam, now more than ever, a good review course is essential. The WSCPA offers several options to help you or you or staff study for the CPA exam. From live seminars to self study options, membership with the WSCPA provides members with substantial discounts on CPA Exam Review Courses, including: Receive a $300 discount on live or self study CPA Exam Review courses. Members also enjoy the benefit of having no enrollment deadline and receive the PassMaster Software at no additional cost. Pay $976.50 for the self study CPA Exam Review, which includes ExamMentor, reference books Cram DVDs. Exam Matrix also offers no interest financing. Receive a 30% discount on the real-time, interactive online review courses or self study online review courses. To get your discount use Portal Code WASOCCPA.

Recommended Study Time AUD

FAR

REG BEC

Class time

20 hrs

32 hrs

24 hrs

16 hrs

Study time

60 hrs

96 hrs

72 hrs

48 hrs

Total

80 hrs

128 hrs

96 hrs

64 hrs

Washington Requirements to take the Exam

Save 15% on live CPA Exam Review courses through Rigos Professional Education Programs and CPA Review.

q Bachelor’s degree q 225 quarter or150 semester units q 36 qtr or 24 semester units in accounting q 36 qtr or 24 semester units in business

Pay $1,545 for all parts and choose from live, online or USB formats.The enrollment fee is also waived for WSCPA members, a $50 savings! Enjoy a 30% discount on the self-study CPA Exam Review. Indicate WSCPA in the comments box to receive your discount.

* 180 day provisionary period allows students to sit for the CPA Exam 180 days prior to graduation as long as all other requirements have been met. See WA State Board info Guide at www.cpaboard.wa.gov.

Washington Requirements for Licensure q Pass the CPA Exam q Application form with $330 fee to State Bd q 1 year of experience of 2,000 hours under a licensed CPA q Score at least a 90% on the AICPA Professional Ethics Exam

www.wscpa.org

Learn More

For more information about discounts on CPA Exam review courses visit https://www.discovercpa.org/discovercpa/exams/index.cfm or call the Membership Administrator at (425) 586-1142, (800) 272-8273, Ext. 1142 (inside WA only), or e-mail memberservices@wscpa.org.

WashingtonCPA November/December 2010

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member discounts

Photo Album South King County Chapter Habitat for Humanity Volunteer Day | August 6

Southwest Chapter Student Night | September 9

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6

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5 - Dr. Debra Sanders displays $1,000 check from the SW Chapter for WSU-Vancouver accounting program. 6 - Past Washington CPA Foundation scholarship winner Golnaz Koloushani and Dr. Debra Sanders discuss career opportunities.

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1 - South King County Chapter Board Director Dennis Shanlian (middle) receives instructions from Habitat for Humanity foremen. 2 - WSCPA members Luke Barney, Shareen Faleafine and Greg Pospichel (McGladrey & Pullen) discuss their projects for South King County Chapter Habitat for Humanity Day. 3 - South King County Chapter Treasurer Brett Manley makes precise measurements. 4 - WSCPA Director of Advocacy Judy Love (l. on ladder) demonstrates how to grip a ladder with her knees while carefully applying paint.

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7 - SW Chapter Trayson Harmon (l) talks with two WSU-Vancouver students. 8 - SW Chapter member George Middleton (r) discusses career opportunities with WSU-Vancouver students. View more event photos online at www.wscpa.org (Community Section)

WSCPA Members’ Reception September 16

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9 - Several student members enjoy hors d’oeuvres, a popular feature of every WSCPA networking event. 10 - Elisha Kumar, Bryce Tjossem, and Joel Cambern share a laugh during a networking game. 11 - Janna Waldher and Matthew Reynolds discuss the Seattle Storm game in progress during the reception.

IRS or Washington State Tax Problems? Experience Can Make A Difference. IRS, Revenue and Labor & Industries Audits: Administrative and Judicial Appeals & Refund Actions; Lien & Collection Problems; Tax Planning; Commercial Litigation.

Martin Silver  L.L.M. (Tax) New York University  Author of Washington Taxes: Representing Taxpayers Before The Department of Revenue, (Butterworths 1992)  Adjunct Professor, Golden Gate Representing Businesses and Professionals Nationwide, Confidentiality Guaranteed.

OFFICES OF

Martin Silver, P.S. Attorneys & Counselors

800 - 5th Avenue, Suite 4000 • Seattle, WA 98104 • Telephone: (206) 224-3461 • Fax (206) 224-3459

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WashingtonCPA November/December 2010

www.wscpa.org


Events

Happy Hour Networking Events

2010 New Professionals Networking Events

Final event of 2010!

NOV 17 Casino Night (NP09) Redhook Ale Brewery, Woodinville ONLY $20/person

WSCPA happy hours are a great way to meet other members from your local area and enjoy free light appetizers. The Bellevue, Sammamish Valley, and Seattle Chapters invite you to monthly happy hour networking events. These events are held from 5-7:30 p.m. the second Tuesday of every month at a new location. Spokane happy hours, hosted by the New Professionals Committee are held the second Tuesday of the month at Shennanigan’s from 4:30-6:30 p.m.

One lucky eligible attendee will win a CPA exam review prize. Register and learn more at www.wscpa.org (search for NP in the Education & Events Catalog) or call (425) 644-4800. Location subject to change. Check online at www.wscpa.org for latest event details. Sponsors Event fees are low thanks to these sponsors:

Dates

Happy hourS

Nov 9

Rock Bottom Brewery, Seattle (HH03)

Nov 9

CI Shennanigan’s, Spokane (HH12)

Dec 14

Tap House Grill, Bellevue (HH04)

Dec 14

CI Shennanigan’s, Spokane (HH13)

Jan 11

Daniel’s Broiler, Seattle (HH05)

Feb 8

The Wilde Rover Irish Pub, Kirkland (HH06)

Mar 8

The Blarney Stone Pub, Seattle (HH07)

Apr 19

McCormick & Schmick’s Seafood, Bellevue (HH08)

To learn more, enter HH as a keyword in the WSCPA CPE and Event Catalog at www.wscpa.org/CPE/catalog.

WSCPA Conferences

2011

*

Become a sponsor Contact Amy O’Donnell at aodonnell@wscpa.org for sponsor levels and details.

www.wscpa.org

Dates

Conference

Nov 11-12

Pacific NW Construction Industry Conference (CIC) Seattle

Nov 18-19

Not-for-Profit Conference (NFPC) Seattle

Dec 3

Fraud Conference (FDC) Bellevue

Dec 13-14

Information Technology Conference (ITC) Bellevue

Register and learn more at www.wscpa.org/CPE/conferences or call (800) 272-8273 (Toll-free in WA) or (425) 644-4800.

WashingtonCPA November/December 2010

23


Financial literacy

Canned Goods, Flashlight and Financial Records? By Amy O’Donnell,WSCPA Financial Literacy Program Manager

T

he wind is whipping through your hair, the rain is beating down on your face and the trees are swaying from side to side.This might sound like a scene from a movie or novel about a character facing down nature. Or, it could be the unnerving reality of a storm on a warpath in your neighborhood. Unlike the movie or novel, you can’t simply turn off the storm and call it a day. Despite the importance of planning for an emergency, it can easily get lost on the “to do” list of busy lives. Sure we’ve all seen the pictures of kits—stockpiled water, canned goods, batteries and flashlights—but a stack of financial records isn’t usually included. Do you have your financial disaster kit ready? CPAs probably have their kits ready to go but I am willing to bet that many of your family members or clients do not. Identifying the canned goods and flashlight equivalents of a financial kit can be overwhelming. There is a lot to consider. Focusing on these key pieces of information will provide the basics: •

24

Medical Information: Keep records of names of doctors, medical conditions, current medications and copies of medical cards for each family member. Emergency contacts outside of the area should be added to this information. Identification Documents: Recent photos, contact information for work and school; birth, death, marriage and divorce records; passports, Social Security cards. Account Information: Financial institution names, contact information, and account numbers including your investments, retirement, credit cards and safe deposit box. The name and contact information for

Sure we’ve all seen the pictures of kits—stockpiled water, canned goods, batteries and flashlights— but a stack of financial records isn’t usually included. Do you have your financial disaster kit ready?

your CPA, attorney and financial advisor should be included. Insurance Policies: Copies of all of your policies and company contact information (national and local). Inventory: Note what is in your household, the cost and value of items, where they were purchased, and warranties on major items. Income and Expenses: Keep a copy of recent paystubs, tax documents and your bills with the company contact information in the kit.You may need to contact companies to let them know of your circumstances and that your payments will be delayed.

Once the financial kit is ready, a copy of key information should be left with a trusted family member as a back up measure. Accessing financial support after an evacuation can present a new set of challenges. Local banks and ATMs may be a part of the wreckage. When choosing

WashingtonCPA November/December 2010

a bank or credit union, consider using one serving multiple states or access to a large network. It will make it easy to access accounts and the ATM once you are relocated to a safe area. The FDIC provides information banks affected by a disaster through 1-877-ASK-FDIC. Homeowner and renters insurance provide immediate funds to assist with purchasing essentials such as water, food and shelter. In general, they provide a claim card with a preset limit that can be used like a debit card. Talk to your insurance agent to determine what will be covered and how this distribution will affect your overall payout. Depending on the scale of the disaster, FEMA may be present and will provide assistance for temporary housing, and home and auto repair, moving and storage. This option is especially helpful for those without home or renters insurance. Disaster unemployment might be available as well. In some cases, employers will continue to pay employees for up to 90 days. This will depend on the insurance they have and/or the company policy. To assist your employer, provide your account information ahead of time so they can deposit the funds into an account you can access in your relocation area. Retirement accounts can serve as another source of income. Withdrawals and loans from the account can provide cash for emergencies. These accounts should be considered as a last option and the tax implications should be reviewed. No matter which option is used to keep a family financially afloat during this time, be sure to save all receipts for temporary and emergency living expenses. These records will be essential for the claim processes. Of course, you should recommend that family, friends and clients talk with a CPA to understand the tax implications of each source. Sources: AICPA, FEMA, CBS News www.wscpa.org


The WSCPA offers every possible way of earning CPE: q Seminars q Conferences

q Webcasts q Webinars

q Self study

Need CPE?

Look for this icon at www.wscpa.org.

Click it to go directly to the CPE/Event Catalog.

You

pick!

Cluster CPE December 16-17 Meydenbauer Center, Bellevue

webcasts

webinars

Take advantage of the many CPE discounts, opportunities, and resources available to you. Learn more in this issue and online at www.wscpa.org/cpe.

free podcasts

Your one stop shop for CPE credits...

self study

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conferences

CPE Digest

Conferences................................. page 26 Education and Events................. page 28 Registration.................................. page 37

12 classes, each worth 4 CPE credits

To see a list of classes, search for CL4 at www.wscpa.org/CPE/catalog

www.wscpa.org

WashingtonCPA November/December 2010

seminars

You pick four courses from a lineup of 12 four-hour CPE programs.

25


Register at www.wscpa.org or page 35

Conferences CPE DIgest Conferences

16 CPE credits

16 CPE credits

Pacific NW Constr uction I ndustr y Conference

Not-For-Profit Conference

Identifying opportunities in the NW construction industry

Because it’s a worthwhile quest

November 11-12, 2010 | 8:00 a.m. - 5:00 p.m. Bell Harbor International Conference Center, Seattle, WA

America’s November 18-19, 2010 One | 8:00ofa.m. - 4:30 p.m. Premiere Tax Institutes Bell Harbor International Conference Center Seattle, WA

The 2010 Pacific NW Construction Industry Conference tackles current issues, recent changes and future trends facing construction financial management. Join national and local experts for an exchange of cutting edge information on the operational and financial issues facing this unique industry.

Not-for-profit organizations regularly face unique fiscal challenges but 2010 brings more than its fair share of change. This conference will provide an update on hot topics and make sure you are prepared for what lies Co-sponsored byahead. the Washington

General Sessions: • Mastering the Art of Influence* • Leadership During Challenging Times* • How to Survive a Recession in the Construction Industry • Fraud - Why Construction Companies are Easy to Steal From • Critical Trends Driving the Future of this Industry

General Sessions: • Nonprofit Turnaround • GAAP Update from the FASB • Organizations and Their Ethical Environments • Behind the Headlines October 25-28, 2009 • Federal Tax & IRS Update • E-mail Management 101* Planet Hollywood Resort &

Plus, select from numerous Concurrent Sessions! 2010 Federal Tax Update GAAP and GAAS Update Professional Liability ...for CPAs Serving Construction

Plus, select from numerous Concurrent Sessions! GAAP Focus Session on Hot Topics Recent Changes in Washington Taxes and State Registration Requirements

Recent Changes in Washington State and Local Taxes Financial Reporting: Pressing Issues... IT Developments and Trends

Techniques for Managing Your Information Technology in Today’s Environment Legal and Accounting Aspects of Fiscal Sponsorship Arrangements: Best Practices and Traps for the Unwary

Create a Dream Team: The Magic is in the Mix* Challenges Facing Accounting Professions... Constructing a Smart Social Media Program

and Oregon Societies of CPAs

Northwest Tax Institute Casino, Las Vegas, Nevada

A-133 Audit Update Panel discussion on Not-for-Profit Sustainability

Building the World’s Largest ... Ecosystem Preventive Strategies in Dealing with a Recession Protecting the Profit in Trying Times

What the Watchdogs are Looking for on Form 990: Things That Could Make You Look Foolish or Get You in Trouble Auditing Standards Update

Developing Future Talent: Hiring...“High Potentials” Strategic Planning in a Down Market Panel Discussion: Federal Contracting

Preparing for Your Auditor Trends in NFP Capital Financing

16 CPE credits (up to 4 non-technical credits) WSCPA and CFMA Members $525 Non Members $600

Register today for CIC at www.wscpa.org/CPE/conferences 26

WashingtonCPA November/December 2010

* non-tech credits

The Power of Public Advocacy Dollars & Sense: Maximizing Returns on Marketing and Development Investments 16 CPE credits (up to 1 non-technical credit) * non-tech WSCPA Members $335 credits Non Members $410 New! This conference is available as a webcast,WEBNFPC.

Register today for NFPC or WEBNFPC at www.wscpa.org/CPE/conferences www.wscpa.org


Conferences CPE DIgest

Register at www.wscpa.org or page 35

16 CPE credits

8 CPE credits

Fra ud Conference

Infor mation Tec hnology Conference

Explore. Analyze. Reveal.

Trending Technology

December 3, 2010 | 8:00 a.m. - 4:30 p.m. Meydenbauer Center, Bellevue, WA

December 13-14, 2010 | 8:00 a.m. - 4:00 p.m. Meydenbauer Center, Bellevue, WA

Do you know the latest tricks employed by fraudsters? Make sure your organization is not a victim. The 2010 Fraud Conference will give you the information you need to prevent and track down fraud.

Catch up on the essential tech trends for CPAs. From new software must-haves to practical tips, it’s all covered at this two day conference.

General Sessions: Accounts Receivable Fraud Case Study Hear a discussion of a case involving the municipal court of a small city and accounts receivable fraud totaling $290,200.

All sessions feature high quality, full-color computer projection systems for clear viewing. This conference is designed for CPAs in public practice or industry who want to take better advantage of technology to improve efficiency and effectiveness.

Computer Disbursement Fraud Case Study Learn about a complex and sophisticated computer disbursement fraud case study. Fraud in the Health Care Industry Hear about medical fraud and examine the ways fraud pervades the health care industry. The Medicaid Audit Process Learn how the Medicaid program approaches audits of medical providers, which is frequently the backbone of a criminal prosecution. Current Events in the Attorney General’s Office Attorney General Rob McKenna will discuss current issues of interest to his office and to the citizens of Washington State. Operations and Civil Law Enforcement Under the Consumer Protection Act in Washington Identify key elements of consumer protection laws in the State of Washington. Know the People Discuss the importance of including personal motivation in the audit planning process. Correlation, Expectation, and Fraud Using case studies, this session will demonstrate the application and benefit of using predictive modeling in fraud risk assessments.

8 CPE credits WSCPA Members Non Members

$220 $295

Register today for FDC at www.wscpa.org/CPE/conferences www.wscpa.org

General Sessions: Tech Update Ten Things You May Have Missed In Excel Security Tools - Up Close and Personal All Aboard for Windows 7 Plus, select from numerous Concurrent Sessions! Charting in Microsoft Office: What the User Manual Doesn’t Tell You Technologies for Tax, Practice Management, Audits, and Write-Ups All Things Google! How to Create a Lean, Clean Computing Machine iDigital – Everything In Digital Format Becoming More Productive with Office 2010 Reviewing and Editing PDF Documents Today’s Virtual Office - Best Practices for Cutting the Cord Social Networking - Essentials for Business Excel – The Business Analytics Tool Solving the Top QuickBooks Issues Better Options for Backup 16 CPE credits WSCPA Members Non Members

$550 $630

Register today for ITC at www.wscpa.org/CPE/conferences WashingtonCPA November/December 2010

27


Register at www.wscpa.org/CPE/catalog or page 37

Education and events

Fees Date

CPE Credits

Course

events by location # WSCPA education and events scheduled for November 2010January 2011 are listed below, chronologically by location. If you are looking for a program in another location, it may be scheduled for later in the year. Using the online CPE/Event Catalog at www.wscpa.org/CPE/catalog, you can search by location. Type

Locations in this CPE Digest issue Bellevue

p. 28

Seattle

p. 32

Bellingham

p. 30

Spokane

p. 32

Everett

p. 31

Tacoma

p. 33

Kennewick

p. 31

Vancouver

p. 33

Lynnwood

p. 31

Wenatchee

p. 33

Olympia

p. 31

Yakima

p. 34

Online Webcasts and Webinars

p. 34

LEARN MORE To view complete course details, please visit the CPE/ Event Catalog at www.wscpa.org/CPE/catalog.

Code

NonWSCPA AICPA Member Member Member Fee Fee Discount

Facility

PFP

SUBJECTS The main subject area is listed for each program.

Ethics GNP MG PD

Need help finding a seminar or webcast? Call (800) 272-8273 or (425) 644-4800.

SK TAX TEC

Estate/Financial Planning Ethics Government / NFP Management Personal Development Specialized Knowledge Taxation Technology

Fees Date

CPE Credits

#

Subject

For more details, 2010-2011 SCHEDULE searchEVENT by code at www.wscpa.org/cpe To view the complete schedule of events through May 2011, refer to the CPE/Event Catalog at www.wscpa.org/cpe/ catalog or the 2010-2011 Washington Professional Education Catalog. To request a copy of the catalog, call A&A Accounting and Auditing (800) 272-8273 (toll-free CS Consulting Services in WA) or e-mail cpe@wscpa.org. EB Employee Benefits

Course

NonWSCPA AICPA Code Member Member Member For more details, Fee Fee Discount search by code at www.wscpa.org/cpe

Facility

Type

Ø

Subject

Bellevue Nov 1

8

Introduction to QuickBooks for the Accounting Professional, 8-4 pm

COMQB1

305

230

0

WSCPA

TEC

Nov 1

8

Audit Work Papers: Documenting and Reviewing Field Work, 8-4 pm

ATDR

340

265

-30

WSCPA

A&A

Nov 2

8

Analytical Review Procedures Using Excel, 8-4 pm

COMEX7

305

230

0

WSCPA

TEC

ç Nov 2

8

Dealing With the Collection Aspects of the IRS, 8-4 pm

DWCA

340

265

0

WSCPA

TAX

Nov 3

8

The Best Income Tax, Estate Tax and Financial Planning Ideas of 2010, 8-4 pm

IEPFP

350

275

0

WSCPA

TAX

Nov 3-5

24

Staff Training - Semi Senior, 8-4 pm

STP2A

770

655

0

WSCPA

A&A

Nov 4

4

CPE in Ethics: A Requirement in Washington State, 8-11:30 am

CENRW414

210

175

0

WSCPA

Ethics

Nov 5

8

Governmental & Nonprofit Annual Update, 8-4 pm

GNAU2

340

265

-30

WSCPA

GNP

Nov 5

8

LOCATION CHANGE Washington State Community Property and Estate Tax Law Update, 8-4 pm

WKCP

340

265

0

Meydenbauer Center

TAX

ç Nov 8

4

Effective Business Development Skills In Today’s Recession, 8-11:30 am

EBS42

170

140

0

Meydenbauer Center

SK

Nov 8

3

6 S

Financial Literacy and Presentation Skills, 9 am-12 pm

CTVFL04

0

0

0

WSCPA

SK

ç Nov 9

8

6

Creating a Positive Work Culture with Performance Feedback, 8-4 pm

CPW2

340

265

0

WSCPA

MG

Nov 9

8

Annual Update for Accountants and Auditors, 8-4 pm

AUAA2

340

265

-30

WSCPA

A&A

Nov 10

8

The Top 50 Mistakes Practitioners Make in Nonprofit Taxation and Governance Issues and How to Fix Them, 8-4 pm

GIBB

350

275

0

WSCPA

GNP

Nov 10

8

Advanced Update for Compilation, Review and Accounting Services, 8-4 pm

RPCR1

340

265

-30

WSCPA

A&A

Nov 11-12 16

IFRS Essentials with GAAP Comparison: Building a Solid Foundation, 8-4 pm

IFRS

540

425

-60

WSCPA

A&A

C

E

ç Nov 11

8

Preparing the Nonprofit Series of Tax Returns for New Staff and Para-Professionals, 8-4 pm

PNPR

350

275

0

WSCPA

TAX

ç Nov 12

8

Money Laundering - A Guide for CPAs, 8-4 pm

MLCPA

340

265

0

WSCPA

SK

ç Nov 15

8

Team Building Within the Finance Function: A Challenge for Today’s CPA, 8-4 pm

TBFF

340

265

-30

WSCPA

MG

Staff Training - Beginning In Charge, 8-4 pm

STP3A

770

655

0

WSCPA

A&A

Nov 15-17 24 ç Nov 16

8

Inside the IRS - A Tour for CPAs, EAs and Accountants, 8-4 pm

ITI2

340

265

0

WSCPA

SK

Nov 17

8

Getting Ready for Tax Season - Individuals and Self-Employeds, 8-4 pm

GTSI

340

265

0

WSCPA

TAX

Nov 17

4

CPE in Ethics: A Requirement in Washington State, 8-11:30 am

CENRW411

210

175

0

Meydenbauer Center

Ethics

E

ç New |  non-tech credits | E Ethics credits |  4 credits |  Conference | Y Yellow Book | C CFP | l Chapter event |

28

WashingtonCPA November/December 2010

Networking Event | S Season Ticket and Coupons N/A

www.wscpa.org


Register at www.wscpa.org/CPE/catalog or page 37

Education and events Fees

Date

CPE Credits

#

Type

Nov 18

8

C

Nov 18

8

Nov 18

1.5

l S

Course

Code For more details, search by code at www.wscpa.org/cpe

NonWSCPA AICPA Member Member Member Fee Fee Discount

Facility

Subject

Innovative Tax Planning for Small Businesses: Corporations, Partnerships & LLCs, 8-4 pm

TPOC2

340

265

-30

WSCPA

TAX

Cash and Tax Basis Financial Statements - Preparation and Reporting, 8-4 pm

CTB2

340

265

-30

WSCPA

A&A

Federal Tax Update, 7:15-9 am

CHBA04

40

35

0

Maggiano’s, Lincoln Sq

TAX

Nov 19

8

Studies on Single Audit and Yellow Book Deficiencies, 8-4 pm

SAYB

340

265

-30

Meydenbauer Center

GNP

ç Nov 19

8

Advanced Real Estate Accounting, Auditing & Taxation, 8-4 pm

ARE

340

265

-30

WSCPA

A&A

Nov 22

8

Compilation and Review Standards Update and Review by Walter Haig, 8-4 pm

CRUR6

370

295

0

WSCPA

A&A

ç Nov 23

8

GAAP Update and Review for Small and Medium-Sized Entities (SMEs) by Walter Haig, 8-4 pm

GURSME5

370

295

0

WSCPA

A&A

ç Nov 23

8

Traps and Pitfalls in Estate Planning, 8-4 pm

TRAP

340

265

0

WSCPA

PFP

Nov 23

8

Washington B & O and Sales Tax, 8-4 pm

WSTX4

340

265

0

Meydenbauer Center

TAX

Nov 30

8

International Taxation: To and From the United States, 8-4 pm

ITTF

340

265

-30

WSCPA

TAX

Dec 1

8

More QuickBooks for the Accounting Professional, 8-4 pm

COMQB2

305

230

0

WSCPA

TEC

Dec 1-3

24

Staff Training - Supervisory, 8-4 pm

STP4A

770

655

0

WSCPA

A&A

Dec 2

8

Excel Pivot Tables, 8-4 pm

COMEX8

305

230

0

WSCPA

TEC

Dec 3

8

Excel for Windows Advanced, 8-4 pm

COMEX9

305

230

0

WSCPA

TEC

Dec 3

8

Fraud Conference, 8 am-4:30 pm

FDC

295

220

0

Meydenbauer Center

SK

ç Dec 6

8

Tax Deferred Exchanges Under Section 1031, 8-4 pm

TDEX

340

265

0

WSCPA

TAX

Dec 6

8

Buying & Selling a Private Company - Both Tax & Non-Tax Aspects, 8-4 pm

BSPC

340

265

0

WSCPA

TAX

ç Dec 7

8

Tax Aspects of Bankruptcy: All Need Not Be Lost, 8-4 pm

TAOB

340

265

0

WSCPA

TAX

Dec 7

8

Increasing, Preserving & Transferring Wealth, 8-4 pm

IPTW

340

265

0

WSCPA

TAX

Dec 8

8

LLC and Partnership Taxation: Beyond the Basics, 8-4 pm

NBLLC

340

265

-30

WSCPA

TAX

Dec 8

8

Chief Financial Officer: Executive Level Skills for Financial Managers, 8-4 pm

CFO

340

265

0

WSCPA

MG

Dec 8

4

E

CPE in Ethics: A Requirement in Washington State, 8-11:30 am

CENRW416

210

175

0

Meydenbauer Center

Ethics

Dec 9

8

6

Presentation Skills Workshop - Make Your Message Compelling, 8-4 pm

PSCFO

340

265

0

WSCPA

PD

ç Dec 9

8

AICPA’s Technical Hotline Annual Update: Top 12 Audit Speed Bumps, 8-4 pm

TTAU

340

265

-30

WSCPA

A&A

Dec 9

4

What Not-for-Profit Board Treasurers Need to Know, 8-11:30 am

WBTN42

110

110

0

Meydenbauer Center

SK

Dec 9

1.5

Town Hall with the Washington State Treasurer, 7:15-9 am

CHBA05

40

35

0

Maggiano’s, Lincoln Sq

SK

u

l S

ç Dec 10

8

Performance Management: Translating Strategy into Results, 8-4 pm

PM1

340

265

0

WSCPA

MG

ç Dec 10

8

Metrics Management: Choose & Use Key Performance Indicators, 8-4 pm

PM2

340

265

0

WSCPA

MG

ç Dec 10

8

Risk Assessment and Audit Sampling: Applying the New Audit Sampling Guide Requirements, 8-4 pm

RAAS

340

265

-30

WSCPA

A&A

Dec 10

8

Auditing Standards Update and Review by Walter Haig, 8-4 pm

AUUR1

370

295

0

Meydenbauer Center

A&A

Dec 13

8

Form 990: Moving Beyond the Basics, 8-4 pm

AF990

340

265

-30

WSCPA

TAX

Dec 13

8

Accounting and Auditing Update, 8-4 pm

AAAU2

340

265

0

WSCPA

A&A

Dec 13-14

16

Information Technology Conference, 8-4 pm

ITC

630

550

0

Meydenbauer Center

TEC

u

ç Dec 14

4

International Accounting Standards Differences with US GAAP, 8-11:30 am

IFRSI41

170

140

0

WSCPA

A&A

Dec 14

4

Loscalzo’s Frequently Asked Questions on Audit Issues, 12:30-4 pm

PPDA41

170

140

0

WSCPA

A&A

Dec 14

8

Professional Conduct and Ethics for CPAs and CMAs in Business and Industry, 8-4 pm

PCE

340

265

0

WSCPA

Ethics

Dec 14

0

Happy Hour Networking Event, 5-7:30 pm

HH04

0

0

0

Tap House Grill

PD

Dec 15

8

Applying the Risk Assessment Standards Using a Case Study Approach, 8-4 pm

RCSA

340

265

-30

WSCPA

A&A

Dec 15

8

Nonprofit Auditing and Accounting Update, 8-4 pm

NAU2

340

265

-30

WSCPA

GNP

Dec 16

4

Compilation, Review, and Accounting Service Update, 8-11:30 am

CL4COMP

170

140

0

Meydenbauer Center

A&A

Dec 16

4

Write-up, Payroll and Other Accounting Services: Managing the Risks, 12:30-4 pm

CL4BPOA

170

140

0

Meydenbauer Center

A&A

Dec 16

8

Advanced Auditing of HUD-Assisted Projects, 8-4 pm

EOAHUD

340

265

-30

WSCPA

GNP

Dec 16

4

Controller’s Update: Latest Trends for Today’s Financial Manager, 8-11:30 am

CL4SKSB

170

140

0

Meydenbauer Center

MG

Dec 16

4

Taking Planning and Budgeting to a Higher Level: Critical Skills to Make the Trip, 12:30-4 pm

CL4CSCB

170

140

0

Meydenbauer Center

MG

ç Dec 16

4

Practical Tax Tips and Techniques for Closely-Held Businesses, 8-11:30 am

CL4CHBT

170

140

0

Meydenbauer Center

TAX

E S

ç New |  non-tech credits | E Ethics credits |  4 credits |  Conference | Y Yellow Book | C CFP | l Chapter event |

www.wscpa.org

Networking Event | S Season Ticket and Coupons N/A

WashingtonCPA November/December 2010

29


Register at www.wscpa.org/CPE/catalog or page 37

Education and events

Fees Date

CPE Credits

Course

Code For more details, search by code at www.wscpa.org/cpe

NonWSCPA AICPA Member Member Member Fee Fee Discount

Facility

Subject

#

Type

Dec 16

4

C

Solving the Choice of Entity Riddle: Key Tax and Business Implications, 12:30-4 pm

CL4CEKI

170

140

0

Meydenbauer Center

TAX

Dec 17

4

Annual Update for State & Local Governments and Not-For-Profits, 8-11:30 am

CL4GNAU

170

140

0

Meydenbauer Center

GNP

Dec 17

4

Preventing Common OMB A-133 & Yellow Book Deficiencies: A Case Study Approach, 12:30-4 pm

CL4SAYB

170

140

0

Meydenbauer Center

GNP

ç Dec 17

4

Essential Skills for the Survival and Growth of Your Organization, 8-11:30 am

CL4SGYC

170

140

0

Meydenbauer Center

MG

Dec 17

4

6

Coaching: Enhancing Employee Performance, 12:30-4 pm

CL4CFR

170

140

0

Meydenbauer Center

MG

ç Dec 17

4

C

Individual Income Tax Update, 8-11:30 am

CL4TSUI

170

140

0

Meydenbauer Center

TAX

ç Dec 17

4

C

Estate Planning Strategies: Minimizing Taxes and Maximizing Wealth, 12:30-4 pm

CL4EPE

170

140

0

Meydenbauer Center

TAX

ç Dec 17

4

High Sensitivity in Independence, Conflicts of Interest, Confidentiality and Fiduciary Duty, 8-11:30 am

HSIC41

210

175

0

WSCPA

A&A

Dec 20

8

Introduction to Microsoft PowerPoint, 8-4 pm

COMPP3

305

230

0

WSCPA

TEC

Dec 20

8

The Ultimate Tax Research Course, 8-4 pm

UTR1

340

265

0

WSCPA

TAX

Dec 21

8

DATE & LOCATION CHANGE: A Practical Guide to Trusts, 8-4 pm

PGT1

340

265

0

Meydenbauer Center

PFP

Dec 21

8

C

Advanced Tax Strategies for LLC & Partnership Transactions, 8-4 pm

APLPT2

340

265

-30

WSCPA

TAX

ç Dec 21

8

6

How to be a More Effective Manager, 8-4 pm

MEM

340

265

0

Meydenbauer Center

PD

Dec 21

8

Introduction to Visio, 8-4 pm

COMVI1

305

230

0

WSCPA

TEC

Constant Velocity: How to Keep Your Career and Your Results, 8-4 pm

CVC

340

265

0

Meydenbauer Center

PD

ç Dec 22

8

DATE CHANGE: The Complete Guide to Estate Administration, 8-4 pm

CGEA1

340

265

0

WSCPA

PFP

ç Dec 28

8

GAAP Update and Review for Small and Medium-Sized Entities (SMEs) by Walter Haig, 8-4 pm

GURSME6

370

295

0

WSCPA

A&A

Dec 29

8

Compilation and Review Standards Update and Review by Walter Haig, 8-4 pm

CRUR7

370

295

0

WSCPA

A&A

Dec 30

4

OCBOA: Accounting Standards and Reporting Standards for the Cash Basis and Tax Basis by Walter Haig, 12:30-4 pm

OCBOA41

195

165

0

WSCPA

A&A

Dec 30

4

Ethics and Quality Control Standards Update and Review for Washington CPAs by Walter Haig, 8-11:30 am

ET41

195

165

0

WSCPA

Ethics

4

2010 Health Care Reform Act: Critical Tax and Insurance Ramifications for You, Your Business and Your Clients, 8-11:30 am

CL4HCRA2

170

140

0

WSCPA

SK

Jan 10

8

Creating Web Pages with HTML, 8-4 pm

COMHT1

305

230

0

WSCPA

TEC

Jan 11

8

PC Trouble Shooting & Maintenance, 8-4 pm

COMPC1

305

230

0

WSCPA

TEC

ç Jan 12-13

16

Tax Staff Training - Level 3 - Advanced Issues, 8-4 pm

TSTA

540

425

0

WSCPA

TAX

Jan 12

8

Using Outlook as a Personal Information Manager, 8-4 pm

COMOU2

305

230

0

WSCPA

TEC

ç Jan 14

8

Family Limited Partnerships, 8-4 pm

FLP

340

265

0

WSCPA

TAX

Jan 17

8

Charting with Excel, 8-4 pm

COMEX10

305

230

0

WSCPA

TEC

Jan 18

8

Andy Biebl’s Tax Advisor’s Update, 8-4 pm

BTAU2

400

325

0

Meydenbauer Center

TAX

Jan 18

8

Wireless Networking for the Small Office/Home, 8-4 pm

COMWN

305

230

0

WSCPA

TEC

Jan 19

8

Crystal Reports Introduction, 8-4 pm

COMCR3

305

230

0

WSCPA

TEC

Jan 20

1.5

Economic Update by the Editor Emeritus of the Marple’s Letter, 7:15-9 am

CHBA06

40

35

0

Maggiano’s, Lincoln Sq

SK

Jan 25

8

Auditing Standards Update and Review by Walter Haig, 8-4 pm

AUUR2

370

295

0

WSCPA

A&A

Jan 25

8

The Complete Guide to the Preparation of Form 1041, 8-4 pm

CG1041

340

265

0

WSCPA

PFP

ç Jan 26

8

GAAP Update and Review for Small and Medium-Sized Entities (SMEs) by Walter Haig, 8-4 pm

GURSME7

370

295

0

WSCPA

A&A

Jan 27

8

Introduction to Access, 8-4 pm

COMAC1

305

230

0

WSCPA

TEC

Jan 27

8

Compilation and Review Standards Update and Review by Walter Haig, 8-4 pm

CRUR8

370

295

0

WSCPA

A&A

Jan 28

8

Introduction to QuickBooks for the Accounting Professional, 8-4 pm

COMQB3

305

230

0

WSCPA

TEC

ç Dec 22

ç Jan 5

6

E

l S

Bellingham Nov 3

8

C

Basis/Distributions for Pass-Through Entities: An IRS Hot Spot, 8-4 pm

BDPTE1

340

265

-30

Lakeway Inn/Conf Ctr

TAX

Nov 4

8

C

Innovative Tax Planning for Small Businesses: Corporations, Partnerships & LLCs, 8-4 pm

TPOC1

340

265

-30

Lakeway Inn/Conf Ctr

TAX

Nov 8

8

Annual Update for Accountants and Auditors, 8-4 pm

AUAA1

340

265

-30

Lakeway Inn/Conf Ctr

A&A

Nov 18

8

Nonprofit Auditing and Accounting Update, 8-4 pm

NAU1

340

265

-30

Lakeway Inn/Conf Ctr

GNP

Dec 7

4

CPE in Ethics: A Requirement in Washington State, 8-11:30 am

CENRW415

210

175

0

Lakeway Inn/Conf Ctr

Ethics

Jan 12

8

Federal Tax Update - Individuals (Form 1040), 8-4 pm

FTUI3

340

265

0

Lakeway Inn/Conf Ctr

TAX

E

ç New |  non-tech credits | E Ethics credits |  4 credits |  Conference | Y Yellow Book | C CFP | l Chapter event |

30

WashingtonCPA November/December 2010

Networking Event | S Season Ticket and Coupons N/A

www.wscpa.org


Register at www.wscpa.org/CPE/catalog or page 37

Education and events Fees

Date

CPE Credits

# Jan 13

Course

Code For more details, search by code at www.wscpa.org/cpe

Type

NonWSCPA AICPA Member Member Member Fee Fee Discount

Facility

Subject

8

Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065), 8-4 pm

FTUB3

340

265

0

Lakeway Inn/Conf Ctr

TAX

8

Bankruptcy Today: What Every CPA Must Know!, 8-4 pm

BNKT

340

265

-30

Edward D Hansen Conf Ctr

SK

Taxation Essentials of LLCs, LLPs, LPs and Other Partnerships, 8-4 pm

TLLLO

340

265

-30

Edward D Hansen Conf Ctr

TAX

FASB Review for Industry, 8-4 pm

FASBI2

340

265

-30

Edward D Hansen Conf Ctr

A&A

AICPA’s Hottest Tax Topics for 2010, 8-4 pm

HOT2

340

265

-30

Edward D Hansen Conf Ctr

TAX

Troublesome Tax Issues for Federal Payroll Taxes, Benefits and Form 1099s, 8-4 pm

APFPT

340

265

-30

Edward D Hansen Conf Ctr

TAX

IRAs, Roth IRAs, SIMPLEs and SEPs: Contributions, Rollovers, Distributions, and More, 8-4 pm

IRSS

340

265

-30

Edward D Hansen Conf Ctr

TAX

AICPA’s Annual Business Law Update, 8-4 pm

ABLU2

340

265

-30

Edward D Hansen Conf Ctr

MG

Everett ç Nov 8

Nov 10

8

Nov 22

8

Dec 3

8

Dec 6

8

Dec 7

8

Dec 9

8

Dec 14

8

C

AICPA’s 2010 Individual Tax Review Series: Beyond the Basics, 8-4 pm

TRBB

340

265

-30

Edward D Hansen Conf Ctr

TAX

Nov 2

4

E

CPE in Ethics: A Requirement in Washington State, 8-11:30 am

CENRW406

210

175

0

Hilton Garden Inn TriCities/ Kennewick

Ethics

Nov 9

8

Annual Update for Accountants and Auditors, 8-4 pm

AUAA3

340

265

-30

Hilton Garden Inn TriCities/ Kennewick

A&A

Nov 11

8

Advanced Update for Compilation, Review and Accounting Services, 8-4 pm

RPCR2

340

265

-30

Hilton Garden Inn TriCities/ Kennewick

A&A

Nov 18

8

Federal Tax Update - Individuals (Form 1040), 8-4 pm

FTUI1

340

265

0

Three Rivers Conv Ctr TAX

Nov 19

8

Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065), 8-4 pm

FTUB1

340

265

0

Three Rivers Conv Ctr TAX

C

C

C

Kennewick

Kirkland Nov 16

2

l S

Identity Theft and Client Data Protection Responsibilities, 7-9 am

CHSV01

20

20

0

Marriott Courtyard Totem Lake

TEC

Dec 14

2

l S

Wealth Management - Accumulation to Distribution, 7-9 am

CHSV06

20

20

0

Marriott Courtyard Totem Lake

PFP

Jan 18

2

l S

Federal Income Tax Update, 7-9 am

CHSV08

20

20

0

Marriott Courtyard Totem Lake

TAX

Nov 5

8

C

Basis/Distributions for Pass-Through Entities: An IRS Hot Spot, 8-4 pm

BDPTE2

340

265

-30

Lynnwood Conv Ctr

TAX

Nov 9

2

l S

Tax Saving Ideas: Strategies and Credits for Your Company and Clients, 3:30-5:30 pm

CHSN03

20

20

0

Hampton Inn Lynnwood

TAX

Nov 16

8

Advanced Controller and CFO Skills, 8-4 pm

ACCS2

340

265

-30

Lynnwood Conv Ctr

MG

Nov 18

8

Your 2010 Guide of Taxsmart Ways to Cut Taxes for Closely-Held Business and Professionals, 8-4 pm

TWCB

340

265

0

Lynnwood Conv Ctr

TAX

Dec 15

8

Federal Tax Update - Individuals (Form 1040), 8-4 pm

FTUI2

340

265

0

Lynnwood Conv Ctr

TAX

Dec 16

8

Federal Tax Update - C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065), 8-4 pm

FTUB2

340

265

0

Lynnwood Conv Ctr

TAX

Dec 20

8

Innovative Tax Planning for Small Businesses: Corporations, Partnerships & LLCs, 8-4 pm

TPOC3

340

265

-30

Lynnwood Conv Ctr

TAX

Auditor/Accountant Communications: SASs 112 & 115 and Other Critical Requirements, 8-4 pm

ACCNR

340

265

-30

Red Lion Olympia

A&A

Cloud Computing - An Example

CHOM02

20

20

0

Indian Summer Golf

TEC

Compilation and Review Engagement Essentials, 8-4 pm

ICRE

340

265

-30

Red Lion Olympia

A&A

Closely Held Business Taxation: 49 Practical Ways to Cut Taxes, 8-4 pm

CHBT3

340

265

-30

Red Lion Olympia

TAX

Annual Update for Accountants and Auditors, 8-4 pm

AUAA4

340

265

-30

Red Lion Olympia

A&A

Lynnwood

C

Olympia Nov 2

8

Nov 3

1

Nov 3

8

Nov 9

8

Nov 11

8

Nov 16

4

E

CPE in Ethics: A Requirement in Washington State, 8-11:30 am

CENRW410

210

175

0

Red Lion Olympia

Ethics

Nov 19

8

C

AICPA’s Hottest Tax Topics for 2010, 8-4 pm

HOT1

340

265

-30

Red Lion Olympia

TAX

l S

C

ç New |  non-tech credits | E Ethics credits |  4 credits |  Conference | Y Yellow Book | C CFP | l Chapter event |

www.wscpa.org

Networking Event | S Season Ticket and Coupons N/A

WashingtonCPA November/December 2010

31


Register at www.wscpa.org/CPE/catalog or page 37

Education and events

Fees Date

CPE Credits

# Dec 6

8

Dec 7

8

Dec 8

8

Course

For more details, search by code at www.wscpa.org/cpe

Type

C

Code

NonWSCPA AICPA Member Member Member Fee Fee Discount

Facility

Subject

The Best S Corporation Limited Liability and Partnership Update Course by Surgent McCoy, 8-4 pm

BCPE2

350

275

0

Red Lion Olympia

TAX

The Best Individual Income Tax Update Course by Surgent McCoy, 8-4 pm

BITU1

350

275

0

Indian Summer Golf

TAX

Accounting and Reporting Practices of Not-for-Profit Organizations, 8-4 pm

FSNPO

340

265

-30

Indian Summer Golf

GNP

Pasco Nov 8

1

l S

1031 Exchanges, 12-1 pm

CHCN04

15

15

0

Florentyna’s Restaurant TAX

Dec 13

1

l S

Fun Tax Update, 12-1 pm

CHCN05

15

15

0

Florentyna’s Restaurant TAX

Business Law Essentials for Accountants, 8-4 pm

BLT

340

265

-30

DoubleTree Guest Suites Southcenter

MG

Happy Hour Networking Event, 5-7:30 pm

HH03

0

0

0

Rock Bottom Brewery

PD

Advanced Tax Strategies for S Corporations, 8-4 pm

ADVSC

340

265

-30

DoubleTree Guest Suites Southcenter

TAX

Nov 11-12 16 u

Pacific NW Construction Industry Conference, 8 am-5 pm

CIC

600

525

0

Bell Harbor Intl Conf Ctr

SK

Nov 16

Tax Outlook for 2010 & Beyond/Recent Significant Changes in Washington Excise Taxes, 7:30-9:30 am

CHSE04

40

30

0

Women’s University Club of Seattle

TAX

Not-for-Profit Conference, 8 am-4:30 pm

NFPC

410

335

0

Bell Harbor Intl Conf Ctr

A&A

Seattle Nov 9

8

Nov 9

0

S

Nov 11

8

C

2

l S

Nov 18-19 16 u ç Nov 22

8

Estate Planning for 2010 and Beyond, 8-4 pm

2010

340

265

0

Cedarbrook Lodge

PFP

Nov 23

8

Fair Value Accounting: A Critical New Skill for All CPAs, 8-4 pm

FVA

340

265

-30

WA State Conv Ctr

A&A

Dec 1

8

AICPA’s Annual Tax Update: Corporations and Pass-Through Entities, 8-4 pm

TSUC

340

265

-30

DoubleTree Guest Suites Southcenter

TAX

Dec 1

8

Accounting and Auditing Update, 8-4 pm

AAAU1

340

265

0

WA State Conv Ctr

A&A

ç Dec 2

8

Estate Planning Essentials: Tax Relief for Your Client’s Estates, 8-4 pm

EPE2

340

265

-30

WA State Conv Ctr

TAX

Dec 6

8

Construction Contractors Advanced Issues, 8-4 pm

CCAI

340

265

-30

WA State Conv Ctr

A&A

Dec 7

8

Accounting and Finance for Construction Contractors, 8-4 pm

CAFC

340

265

-30

DoubleTree Guest Suites Southcenter

A&A

International versus U.S. Accounting: What in the World is the Difference?, 8-4 pm

IUSA

340

265

-30

WA State Conv Ctr

A&A

IFRS Update and Review of Complex Topics, 8-4 pm

IUP

340

265

-30

WA State Conv Ctr

A&A

Delving into the Top Twelve Issues for Partnerships, LLCs and S Corps, 8-4 pm

DTT

340

265

-30

WA State Conv Ctr

TAX

C

C

Dec 7

8

ç Dec 8

8

ç Dec 9

8

ç Dec 10

8

Advanced FASB Review and Update: Tackling the Tougher GAAP Issues, 8-4 pm

AFASB

340

265

-30

WA State Conv Ctr

A&A

Dec 10

8

Tough Economic Times, Current Issues, and Critical Ethical Judgments, 8-4 pm

CEJ

340

265

-30

Hilton Seattle Airport

A&A

Dec 14

8

Not-for-Profit Accounting & Reporting: From Start to Finish, 8-4 pm

NPAR1

340

265

-30

DoubleTree Guest Suites Southcenter

GNP

ç Dec 14

8

Financial Meltdown and Great Recession, 8-4 pm

TFMD

340

265

0

WA State Conv Ctr

SK

Dec 15

8

AICPA’s Annual Tax Update: Individuals and Sole Proprietors, 8-4 pm

TSUI

340

265

-30

WA State Conv Ctr

TAX

Dec 16-17

16

Accounting and Reporting Standards Annual Update and Review by Walter Haig, 8-4 pm

ARSUR3

600

485

0

DoubleTree Guest Suites Southcenter

A&A

Dec 17

8

Basis Calculations & Distributions for Pass-Thru Entities - Everything You Need to Know!, 8-4 pm

BCAD

340

265

0

WA State Conv Ctr

TAX

Jan 11

0

Happy Hour Networking Event, 5-7:30 pm

HH05

0

0

0

Daniel’s Broiler

PD

Jan 14

8

Health Savings Accounts (HSAs), Medicare, Tax Favored Health Care Plans & Medical Expenses, 8-4 pm

TFHCP

340

265

0

WA State Conv Ctr

TAX

Jan 18

1

Economic and Revenue Outlook, 12-1 pm

CHSE02

40

30

0

Women’s University Club of Seattle

SK

Governmental & Nonprofit Annual Update, 8-4 pm

GNAU1

340

265

-30

Hampton Inn Spokane

GNP

Federal Tax Update, 12-2 pm

CHSP04

50

50

0

Red Lion River Inn

TAX

GAAP Update and Review for Small and Medium-Sized Entities (SMEs) by Walter Haig, 8-4 pm

GURSME4

370

295

0

Hampton Inn Spokane

A&A

S Corporation Key Issues, Compliance, and Strategies: An IRS Target Area, 8-4 pm

SCORP2

340

265

-30

Hampton Inn Spokane

TAX

C

C

S

6 l S

Spokane Nov 4

8

Nov 4

2

ç Nov 5

8

Nov 8

8

l S

C

ç New |  non-tech credits | E Ethics credits |  4 credits |  Conference | Y Yellow Book | C CFP | l Chapter event |

32

WashingtonCPA November/December 2010

Networking Event | S Season Ticket and Coupons N/A

www.wscpa.org


Register at www.wscpa.org/CPE/catalog or page 37

Education and events Fees

Date

CPE Credits

#

Type

Nov 9

8

C

Nov 9

0

S

Nov 10

2

Nov 10

Course

Code For more details, search by code at www.wscpa.org/cpe

NonWSCPA AICPA Member Member Member Fee Fee Discount

Facility

Subject

Advanced Tax Strategies for LLC & Partnership Transactions, 8-4 pm

APLPT1

340

265

-30

Hampton Inn Spokane

TAX

Happy Hour Networking Event, 4:30-6:30 pm

HH12

0

0

0

C I Shenanigans

PD

l S

E Clair Daniels Event: Accounting Issues in the Health Care Industry as They Relate to Cancer Care Northwest, 12-2 pm

CHSP12

40

40

0

The Spokane Club

SK

2

l S

Accounting for Our Decisions, 12-2 pm

CHSP15

40

40

0

The Spokane Club

SK

Nov 11

2

S

Improving Lives Through Market Solutions - Recommendations on Education Environment, Government Reform, Health Care, Transportation and Small, 12-2 pm

CHSP05

50

50

0

Red Lion River Inn

SK

ç Nov 12

8

The Top 50 Mistakes Practitioners Make and How to Fix Them: Dealing with the IRS, 8-4 pm

IRSM

350

275

0

Hampton Inn Spokane

TAX

Nov 15

8

Surgent McCoy’s Advanced Critical Tax Issues for S Corporations, 8-4 pm

ACTS

350

275

0

Hampton Inn Spokane

TAX

Nov 16

8

Advanced Technical Tax Forms Training - LLCs, S Corporations, and Partnerships, 8-4 pm

ACTL

350

275

0

Hampton Inn Spokane

TAX

Nov 18

2

Identification and Mitigation of Fraud Risk “Red Flags”, 12-2 pm

CHSP06

50

50

0

Red Lion River Inn

A&A

Nov 19

8

Compilation and Review Standards Update and Review by Walter Haig, 8-4 pm

CRUR5

370

295

0

Hampton Inn Spokane

A&A

Nov 22

8

The Coming IFRS Conversion: Preparing for the Ultimate GAAP Makeover, 8-4 pm

IFRSC1

340

265

0

Hampton Inn Spokane

A&A

Nov 23

8

Only Financial Officer 2.0: More Skills for Smaller Company Financial Managers, 8-4 pm

OFO

340

265

0

Hampton Inn Spokane

MG

C

l S

ç Dec 1

8

C

Estate Planning Essentials: Tax Relief for Your Client’s Estates, 8-4 pm

EPE1

340

265

-30

Hampton Inn Spokane

TAX

Dec 2

4

E

CPE in Ethics: A Requirement in Washington State, 8-11:30 am

CENRW408

210

175

0

Hampton Inn Spokane

Ethics

Dec 7

8

Not-for-Profit Accounting & Reporting: From Start to Finish, 8-4 pm

NPAR2

340

265

-30

Hampton Inn Spokane

GNP

Dec 8

8

AICPA’s Annual Business Law Update, 8-4 pm

ABLU1

340

265

-30

Hampton Inn Spokane

MG

Dec 8

2

2010 Tax Update, 12-2 pm

CHSP10

40

40

0

The Spokane Club

TAX

Dec 13

8

Loscalzo’s Hands on Guide to Understanding and Testing Internal Controls, 8-4 pm

HGTC

340

265

0

Hampton Inn Spokane

A&A

Dec 14

0

Happy Hour Networking Event, 4:30-6:30 pm

HH13

0

0

0

C I Shenanigans

PD

Dec 20

8

Employee Benefit and Retirement Planning: Pension and Deferred Compensation Tools, 8-4 pm

EBLH1

340

265

0

Hampton Inn Spokane

EB

Jan 12

1

Economic Update, 12-1:15 pm

CHSP11

30

30

0

The Spokane Club

SK

Jan 17

8

Andy Biebl’s Tax Advisor’s Update, 8-4 pm

BTAU1

400

325

0

Mirabeau Park Hotel

TAX

l S

S

l S

Tacoma Nov 4

8

C

Federal Estate and Gift Tax Returns - Forms 706 and 709 Workshop, 8-4 pm

GIFT

350

275

0

Pacific Grill Events Ctr

TAX

Nov 5

8

C

Social Security, Medicare, and Prescription Drug Retirement Benefits: What Every Baby Boomer Needs to Know, 8-4 pm

SSRB

350

275

0

Pacific Grill Events Ctr

TAX

Nov 16

8

Getting Ready for Tax Season - Business Clients: A Year-End Update for Small Business Clients, 8-4 pm

GTSB

340

265

0

Pacific Grill Events Ctr

TAX

Dec 6

4

CPE in Ethics: A Requirement in Washington State, 8-11:30 am

CENRW412

210

175

0

Pacific Grill Events Ctr

Ethics

Dec 7

8

Washington B & O and Sales Tax, 8-4 pm

WSTX3

340

265

0

Pacific Grill Events Ctr

TAX

Dec 8

8

Real Estate Taxation, 8-4 pm

RET

340

265

0

Pacific Grill Events Ctr

TAX

ç Dec 9

8

AICPA’s Technical Hotline Annual Update: Top 10 GAAP Speed Bumps, 8-4 pm

TTGP

340

265

-30

Pacific Grill Events Ctr

A&A

Dec 14

8

Auditing Real-World Frauds: A Practical Case Application Approach, 8-4 pm

ARWF

340

265

-30

Pacific Grill Events Ctr

A&A

Dec 15

8

Loscalzo’s Disclosure: The Key to Financial Statements, 8-4 pm

DKFS

340

265

0

Pacific Grill Events Ctr

A&A

Dec 21

8

The Ultimate Tax Research Course, 8-4 pm

UTR2

340

265

0

Pacific Grill Events Ctr

TAX

Jan 6

8

Preparing Corporate Tax Returns for New Staff and Para-Professionals, 8-4 pm

PCTR

350

275

0

Pacific Grill Events Ctr

TAX

Jan 7

8

Preparing Individual Tax Returns for New Staff and Para-Professionals, 8-4 pm

PITR

350

275

0

Pacific Grill Events Ctr

TAX

E

Vancouver Nov 4

8

Small Business Accounting and Auditing Update, 8-4 pm

SBAA

340

265

-30

Red Lion at the Quay

A&A

Nov 8

8

C

Closely Held Business Taxation: 49 Practical Ways to Cut Taxes, 8-4 pm

CHBT2

340

265

-30

Red Lion at the Quay

TAX

Dec 15

4

E

CPE in Ethics: A Requirement in Washington State, 8-11:30 am

CENRW413

210

175

0

Red Lion at the Quay

Ethics

4

E

CPE in Ethics: A Requirement in Washington State, 8-11:30 am

CENRW407

210

175

0

Red Lion Wenatchee

Ethics

Wenatchee Nov 17

ç New |  non-tech credits | E Ethics credits |  4 credits |  Conference | Y Yellow Book | C CFP | l Chapter event |

www.wscpa.org

Networking Event | S Season Ticket and Coupons N/A

WashingtonCPA November/December 2010

33


Register at www.wscpa.org/CPE/catalog or page 37

Education and events

Fees Date

Course

CPE Credits

#

For more details, search by code at www.wscpa.org/cpe

Type

Dec 8

8

Dec 9

8

C

0

S

Nov 16

2

Dec 3

Code

NonWSCPA AICPA Member Member Member Fee Fee Discount

Facility

Subject

The Best S Corporation Limited Liability and Partnership Update Course by Surgent McCoy, 8-4 pm

BCPE3

350

275

0

Red Lion Wenatchee

TAX

The Best Individual Income Tax Update Course by Surgent McCoy, 8-4 pm

BITU2

350

275

0

Red Lion Wenatchee

TAX

Casino Night - New Professionals Networking Event, 6-8:30 pm

NP09

20

20

0

Redhook Ale Brewery

PD

l S

Fraud Prevention, 7:30-9:30 am

CHYK04

25

25

0

Howard Johnson Plaza

A&A

4

E

CPE in Ethics: A Requirement in Washington State, 8-11:30 am

CENRW409

210

175

0

Clarion Hotel/Conf Ctr

Ethics

Dec 10

8

C

The Best Individual Income Tax Update Course by Surgent McCoy, 8-4 pm

BITU3

350

275

0

Clarion Hotel/Conf Ctr

TAX

Dec 21

2

l S

International Business Transactions, 7:30-9:30 am

CHYK05

25

25

0

Howard Johnson Plaza

SK

ç Nov 1

2

6 S

WEBCAST: Five Clients in Five Days, 8-10 am

WEB187

109

79

0

Webcast

MG

ç Nov 1

2

6 S

WEBCAST: Make Meetings Matter, 10 am-12 pm

WEB192

109

79

0

Webcast

MG

ç Nov 1

2

WEBCAST: CFO and Controller’s Toolkit, Part 2, 8-10 am

WEB197

109

79

0

Webcast

MG

ç Nov 1

3

WEBCAST: Risk Management, Part 2

WEB198

129

99

0

Webcast

MG

ç Nov 2

8

WEBCAST: Small Firm Best Practices Conference, 8:30 am-4:30 pm

WEB48

295

255

0

Webcast

MG

ç Nov 3

3

WEBCAST: Accounts Receivable Management, 8-11 am

WEB185

129

99

0

Webcast

MG

ç Nov 3

1

S

WEBINAR: Unclaimed Property - Making Claims and Getting Claims, 9-10 am

WAWNR13

35

20

0

Webinar

SK

ç Nov 3

2

S

Section 7216 Regulations Affecting Tax Preparers, 8-10 am

WNR128

89

74

0

Webinar

SK

ç Nov 3

3

WEBCAST: Getting Stuff Done When You Don’t Own the Company, 12-3 pm

WEB186

129

99

0

Webcast

MG

ç Nov 4

4

WEBCAST: IFRS Adoption and Financial Statement Convergence: Two Topics; One Business Issue, 12-4 pm

WEB147

159

129

0

Webcast

MG

ç Nov 4

8

C

WEBCAST: Advanced Personal Financial Planning Update, 8:30 am-4:30 pm

WEB49

295

255

0

Webcast

PFP

ç Nov 4

2

S

Adobe Acrobat for Accountants I - Basic Features & Functions, 8-10 am

WNR129

89

74

0

Webinar

SK

ç Nov 5

8

WEBCAST: Family Law Conference, 8:30 am-4:30 pm

WEB50

295

255

0

Webcast

SK

ç Nov 5

2

S

Excel - Basic Techniques for the Novice User, 8-10 am

WNR130

89

74

0

Webinar

SK

ç Nov 5

2

S

Excel - Formulas and Functions, 11 am-1 pm

WNR131

89

74

0

Webinar

SK

ç Nov 8

2

6 S

WEBCAST: Five Clients in Five Days, 8-10 am

WEB188

109

79

0

Webcast

MG

ç Nov 8

2

6 S

WEBCAST: Make Meetings Matter, 10 am-12 pm

WEB193

109

79

0

Webcast

MG

ç Nov 8

8

WEBCAST: Green Accounting and Sustainability Issues, 8:30 am-4:30 pm

WEB51

295

255

0

Webcast

A&A

ç Nov 8

8

Date Change - WEBCAST: Intellectual Property Institute, 8:30 am-4:30 pm

WEB11

295

255

0

Webcast

MG

ç Nov 9

1.5

WEBCAST: Professional Issues Update - Complimentary to WSCPA Members!, 9-10:30 am

WEB200

25

0

0

Webcast

SK

ç Nov 9

4

WEBCAST: Enterprise Risk Management for SMEs - Small to Medium Enterprises: Risk Plays No Favorites, 7-11 am

WEB148

159

129

0

Webcast

MG

ç Nov 9

2

S

Microsoft PowerPoint Level 1 - Creating Professional Presentations, 8-10 am

WNR132

89

74

0

Webinar

SK

ç Nov 9

2

S

Microsoft PowerPoint Level 2 - Advanced Presentation Design, 11 am-1 pm

WNR133

89

74

0

Webinar

SK

ç Nov 10

1

S

WEBINAR: When Bad Things Happen to Good Accountants: Business Continuity & Disaster Planning, 9-10 am

WAWNR18

35

20

0

Webinar

MG

ç Nov 10

8

WEBCAST: Bankruptcy Conference, 8:30 am-4:30 pm

WEB52

295

255

0

Webcast

SK

ç Nov 10

2

S

Microsoft Office 2007 - What’s New?, 11 am-1 pm

WNR134

89

74

0

Webinar

SK

ç Nov 11

8

C

WEBCAST: Pension and Profit-Sharing Plan Strategies, 8:30 am-4:30 pm

WEB53

295

255

0

Webcast

TAX

ç Nov 11

2

S

Outlook Part 1 - E-mail Management Tips & Techniques (Basic), 8-10 am

WNR135

89

74

0

Webinar

SK

ç Nov 15

2

6 S

WEBCAST: Five Clients in Five Days, 8-10 am

WEB189

109

79

0

Webcast

MG

ç Nov 15

2

6 S

WEBCAST: Make Meetings Matter, 10 am-12 pm

WEB194

109

79

0

Webcast

MG

Woodinville Nov 17 Yakima

Your Desk

S

ç New |  non-tech credits | E Ethics credits |  4 credits |  Conference | Y Yellow Book | C CFP | l Chapter event |

34

WashingtonCPA November/December 2010

Networking Event | S Season Ticket and Coupons N/A

www.wscpa.org


Register at www.wscpa.org/CPE/catalog or page 37

Education and events Fees

Date

CPE Credits

#

Course

Code For more details, search by code at www.wscpa.org/cpe

Type

NonWSCPA AICPA Member Member Member Fee Fee Discount

Facility

Subject

ç Nov 15

8

WEBCAST: Practical Financial Accounting and Auditing Update, 8:30 am-4:30 pm

WEB54

295

255

0

Webcast

A&A

ç Nov 16

8

WEBCAST: Accounting & Auditing for the Tax Practitioner, 8:30 am-4:30 pm

WEB55

295

255

0

Webcast

A&A

ç Nov 17

1

WEBINAR: Consulting on Cancellation of Debt with Clients, What You Need to Know, 9-10 am

WAWNR15

35

20

0

Webinar

TAX

ç Nov 17

8

WEBCAST: Knowing Your Client’s Numbers: Beyond Activity -Based Costing, 8:30 am-4:30 pm

WEB56

295

255

0

Webcast

A&A

ç Nov 17

2

S

Client Portals - How to Develop A Strategic Model, 8-10 am

WNR136

89

74

0

Webinar

SK

ç Nov 17

2

S

CPA Software Review and Roundup, 11 am-1 pm

WNR137

89

74

0

Webinar

SK

ç Nov 18-19

16

WEBCAST: Not-for-Profit Conference, 8 am-4:30 pm

WEBNFPC

310

235

0

Webcast

A&A

ç Nov 18

8

WEBCAST: Real Estate Conference, 8:30 am-4:30 pm

WEB57

295

255

0

Webcast

TAX

ç Nov 18

2

S

Excel - Auditing Your Spreadsheets to Ensure Data Integrity, 8-10 am

WNR138

89

74

0

Webinar

SK

ç Nov 19

2

S

WEBCAST: Budgeting - Basic Elements of Effective Operational Budgeting, 7-9 am

WEB149

109

79

0

Webcast

MG

ç Nov 19

8

WEBCAST: Employment Practices Conference, 8:30 am-4:30 pm

WEB58

295

255

0

Webcast

MG

ç Nov 22

2

S

WEBCAST: Creating Competitive Advantage: Developing A Roadmap for Sustainable Performance, 6-8 am

WEB150

109

79

0

Webcast

MG

ç Nov 23

3

6 S

WEBCAST: Accounts Receivable Management, 8-11 am

WEB211

129

99

0

Webcast

MG

ç Nov 23

3

S

WEBCAST: Getting Stuff Done When You Don’t Own the Company, 12-3 pm

WEB218

129

99

0

Webcast

MG

ç Nov 23

2

S

Excel - Tips, Tricks & Techniques, 8-10 am

WNR139

89

74

0

Webinar

SK

ç Nov 23

2

S

XBRL Level 1 - The Next Evolution in Financial Reporting, 11 am-1 pm

WNR140

89

74

0

Webinar

A&A

ç Nov 24

1

S

WEBINAR: 2010 Educational Tax Benefits, 9-10 am

WAWNR16

35

20

0

Webinar

TAX

ç Nov 29

8

WEBCAST: Federal Tax Update-Individuals (Form 1040), 8:30 am-4:30 pm

WEB59

295

255

0

Webcast

TAX

ç Nov 30

4

WEBCAST: CPE in Ethics: A Requirement in Washington State, 8-11:30 am

WEB182

179

149

0

Webcast

Ethics

ç Nov 30

8

WEBCAST: Federal Tax Update-C & S Corporations, Partnerships & LLCs (Forms 1120, 1120S & 1065), 8:30 am-4:30 pm

WEB60

295

255

0

Webcast

TAX

ç Nov 30

2

Windows 7 - Tips & Techniques, 8-10 am

WNR141

89

74

0

Webinar

SK

ç Dec 1

4

WEBCAST: Financial Statement Presentation and Disclosure - Part 1, 7-11 am

WEB151

159

129

0

Webcast

MG

ç Dec 1

4

WEBCAST: Financial Statement Presentation and Disclosure - Part 2, 12-4 pm

WEB152

159

129

0

Webcast

MG

ç Dec 1

8

WEBCAST: Dealing with Venture Capitalists, 8:30 am-4:30 pm

WEB61

295

255

0

Webcast

A&A

ç Dec 1

2

S

Adobe Acrobat for Accountants II - Advanced Features & Functions, 11 am-1 pm

WNR142

89

74

0

Webinar

SK

ç Dec 1

1

S

WEBINAR: Washington State L&I Audits: Are You in Compliance? 9-10 am

WAWNR25

35

20

0

Webinar

MG

ç Dec 2

8

WEBCAST: Codification Topic 820: Fair Value Measurements and Disclosures, 8:30 am-4:30 pm

WEB62

295

255

0

Webcast

A&A

ç Dec 2

2

S

Cyber Security Best Practices - What You Should Know and Do, 11 am-1 pm

WNR143

89

74

0

Webinar

SK

ç Dec 2

3

S

WEBCAST: Updates on the Not So New Form 990 9-11:40am

WEB199

129

99

0

Webcast

TAX

ç Dec 3

8

WEBCAST: Tax Procedure and Controversy-Principles and Strategies, 8:30 am-4:30 pm

WEB63

295

255

0

Webcast

TAX

ç Dec 6

2

6 S

WEBCAST: Five Clients in Five Days, 8-10 am

WEB190

109

79

0

Webcast

MG

ç Dec 6

2

6 S

WEBCAST: Make Meetings Matter, 10 am-12 pm

WEB195

109

79

0

Webcast

MG

ç Dec 6

8

WEBCAST: Audit Standards Update: The New Audit Risk Assessment Standards, 8:30 am-4:30 pm

WEB64

295

255

0

Webcast

A&A

ç Dec 7

8

WEBCAST: Best Practices for Industry - Understanding Your Liability And How to Secure and Protect Corporate Information, 7 am-3 pm

WEB153

225

195

0

Webcast

MG

ç Dec 7

8

WEBCAST: International Tax and Business Conference, 8:30 am-4:30 pm

WEB65

295

255

0

Webcast

TAX

ç Dec 7

2

S

Outlook Part 2 - E-mail Management Tips & Techniques (Advanced), 11 am-1 pm

WNR144

89

74

0

Webinar

SK

ç Dec 8

1

S

WEBINAR: 2010-2011 Financial Aid Forms, 9-10 am

WAWNR17

35

20

0

Webinar

SK

ç Dec 8

8

WEBCAST: Advanced Compilation and Review, 8:30 am-4:30 pm

WEB66

295

255

0

Webcast

A&A

ç Dec 8

2

S

Outlook Part 3 - Calendar & Contact Management Tips & Techniques, 8-10 am

WNR145

89

74

0

Webinar

SK

ç Dec 8

2

S

Windows 7 - Tips & Techniques, 11 am-1 pm

WNR146

89

74

0

Webinar

SK

ç Dec 9

4

WEBCAST: Myths of Budgeting and How to Overcome Them, 8 am-12 pm

WEB154

159

129

0

Webcast

MG

ç Dec 9

6

WEBCAST: Accountancy Laws, Ethics (CA ONLY), Taxes and Financial Reporting Review, 8:30 am-3:30 pm

WEB67

161

129

0

Webcast

Ethics

S

E

S

ç New |  non-tech credits | E Ethics credits |  4 credits |  Conference | Y Yellow Book | C CFP | l Chapter event |

www.wscpa.org

Networking Event | S Season Ticket and Coupons N/A

WashingtonCPA November/December 2010

35


Register at www.wscpa.org/CPE/catalog or page 37

Education and events

Fees Date

CPE Credits

Course

Code For more details, search by code at www.wscpa.org/cpe

NonWSCPA AICPA Member Member Member Fee Fee Discount

Facility

Subject

#

Type

ç Dec 9

2

S

Excel - Formulas and Functions, 8-10 am

WNR147

89

74

0

Webinar

SK

ç Dec 9

2

S

Word - Advanced Tips, Tricks & Techniques, 11 am-1 pm

WNR148

89

74

0

Webinar

SK

ç Dec 13

2

6 S

WEBCAST: Five Clients in Five Days, 8-10 am

WEB191

109

79

0

Webcast

MG

ç Dec 13

2

6 S

WEBCAST: Make Meetings Matter, 10 am-12 pm

WEB196

109

79

0

Webcast

MG

ç Dec 13

8

WEBCAST: Wine Industry Conference, 8:30 am-4:30 pm

WEB68

295

255

0

Webcast

SK

ç Dec 14

4

WEBCAST: Wine Industry Post-Conference AM Workshop, 8:30 am-12 pm

WEB69

174

139

0

Webcast

SK

ç Dec 14

4

WEBCAST: Wine Industry Post-Conference PM Workshop, 1-4:30 pm

WEB70

174

139

0

Webcast

SK

ç Dec 14

2

How to Go Paperless, 11 am-1 pm

WNR149

89

74

0

Webinar

SK

ç Dec 15

4

WEBCAST: Banking Financial and Compliance Update Series - Fourth Quarter 2010, 8 am-12 pm

WEB155

159

129

0

Webcast

MG

ç Dec 15

1

WEBINAR: The Small Business Jobs Act of 2010, 9-10 am

WAWNR24

35

20

0

Webinar

TAX

ç Dec 15

8

WEBCAST: Internal Control Deficiencies: Assessment and Reporting Under SAS, 8:30 am-4:30 pm

WEB71

355

305

-30

Webcast

A&A

ç Dec 15

8

WEBCAST: What You Need to Know to Prepare the New Form 990, 8:30 am-4:30 pm

WEB72

295

255

0

Webcast

TAX

ç Dec 15

2

Excel - Tips, Tricks & Techniques, 11 am-1 pm

WNR150

89

74

0

Webinar

SK

ç Dec 16

8

WEBCAST: Public Charities - Intermediate Tax Issues, 8:30 am-4:30 pm

WEB73

295

255

0

Webcast

TAX

ç Dec 16

2

Document Management Systems Software Review, 8-10 am

WNR151

89

74

0

Webinar

SK

ç Dec 17

8

WEBCAST: Tax Exempt Organizations? Advanced Tax Issues, 8:30 am-4:30 pm

WEB74

295

255

0

Webcast

TAX

ç Dec 17

3

S

WEBCAST: Accounts Receivable Management, 8-11 am

WEB212

129

99

0

Webcast

MG

ç Dec 17

3

6 S

WEBCAST: Getting Stuff Done When You Don’t Own the Company, 12-3 pm

WEB219

129

99

0

Webcast

MG

ç Dec 18

2

S

Adobe Acrobat for Accountants I - Basic Features & Functions, 6-8 am

WNR152

89

74

0

Webinar

SK

ç Dec 18

2

S

Excel - Auditing Your Spreadsheets to Ensure Data Integrity, 9-11 am

WNR153

89

74

0

Webinar

SK

ç Dec 20

2

S

Adobe Acrobat Forms, 11 am-1 pm

WNR154

89

74

0

Webinar

SK

ç Dec 20

2

S

Windows 7 - Tips & Techniques, 8-10 am

WNR155

89

74

0

Webinar

SK

ç Dec 22

4

E

WEBCAST: CPE in Ethics: A Requirement in Washington State, 8-11:30 am

WEB183

179

149

0

Webcast

Ethics

ç Dec 22

1

S

WEBINAR: Protecting Confidential Client Information: The Law and Best Practices, 9-10 am

WAWNR22

35

20

0

Webinar

SK

ç Dec 22

2

S

Section 7216 Regulations Affecting Tax Preparers, 8-10 am

WNR156

89

74

0

Webinar

SK

ç Dec 22

2

S

Tax Implications of the Healthcare Reform Act, 11 am-1 pm

WNR157

89

74

0

Webinar

TAX

ç Dec 23

2

6 S

WEBCAST: Change Management: Making Improvement Happen, 7-9 am

WEB156

109

79

0

Webcast

MG

ç Dec 27

2

S

Excel - Pivot Tables, 11 am-1 pm

WNR158

89

74

0

Webinar

SK

ç Dec 28

8

WEBCAST: Business Fraud, Internal Controls, and Forensic Analysis for the Accountability Professional, 7 am-3 pm

WEB107

225

195

0

Webcast

A&A

ç Dec 28

2

S

Excel - Formulas and Functions, 8-10 am

WNR160

89

74

0

Webinar

SK

ç Dec 28

2

S

Excel - Auditing Your Spreadsheets to Ensure Data Integrity, 11 am-1 pm

WNR159

89

74

0

Webinar

SK

ç Dec 29

8

WEBCAST: Annual Tax Update, 7 am-3 pm

WEB108

225

195

0

Webcast

TAX

ç Dec 29

2

S

Adobe Acrobat for Accountants II - Advanced Features & Functions, 11 am-1 pm

WNR161

89

74

0

Webinar

SK

ç Dec 30

2

S

Adobe Acrobat for Accountants III - Tips & Techniques for the Experienced User, 8-10 am

WNR162

89

74

0

Webinar

SK

ç Jan 5

8

WEBCAST: Fraud: Essential Audit Tools and Techniques, 8:30 am-4:30 pm

WEB75

295

255

0

Webcast

A&A

ç Jan 5

1

S

WEBINAR: Tax Practice Regulation and Quality Control: New Rules and Regulations, 9-10 am

WAWNR21

35

20

0

Webinar

TAX

ç Jan 6

2

S

WEBCAST: Financial Statement Analysis From an Operational Perspective, 7-9 am

WEB157

109

79

0

Webcast

MG

ç Jan 6

4

E

WEBCAST: CPE in Ethics: A Requirement in Washington State, 8-11:30 am

WEB184

179

149

0

Webcast

Ethics

ç Jan 6

8

WEBCAST: Auditing: Practical Application of Current Standards, 8:30 am-4:30 pm

WEB76

295

255

0

Webcast

A&A

S

S

S

S

Need help finding a seminar, conference or webcast? Call the WSCPA at (800) 272-8273 or (425) 644-4800. To view the complete schedule of events, go to www.wscpa.org/CPE/catalog. ç New |  non-tech credits | E Ethics credits |  4 credits |  Conference | Y Yellow Book | C CFP | l Chapter event |

36

WashingtonCPA November/December 2010

Networking Event | S Season Ticket and Coupons N/A

www.wscpa.org


Register at www.wscpa.org/CPE/catalog

Registration

Register online at www.wscpa.org/CPE/catalog or:

Questions? E-mail cpe@wscpa.org or call (425) 644-4800 or (800) 272-8273 (toll-free in Washington).

Code

Title

Date

City

Fee1

2

3

2

WSCPA CPE policies apply to all programs in the CPE Digest. Review the CPE policies at www.wscpa.org. www.wscpa.org

WashingtonCPA November/December 2010

37


classified ads

Detailed advertising information is available online at www. wscpa.org. Classified Ads are $40 for 40 words or less and $1 for each additional word.Active E-mail and web site addresses count as two words and are $10 additional each. Positions available ads are for magazine placement only. Contact Sharon Olene-Marander at (425) 586-1138, (800) 272-8273, Ext. 1138, or classifieds@wscpa.org for more information. All ads must be pre-paid.

POSITIONS AVAILABLE

CPA looking for $150,000-$250,000 size practice to purchase in the Bellingham area. Cash purchase. Please respond to Tom by phone, (707) 545-0701 or email, TJTCPA@aol.com. Considering Selling Your Practice? Consider all your options.We do the work.Confidential.We have buyers actively seeking practices. Call Mark Hause at 877-345-7722 or visit our website at www.accountingpracticesales.com.Accounting Practice Sales.We make dreams happen!

Established Bellingham CPA firm is seeking experienced auditor to join our team of professionals. 5+ years of audit experience required. Collaborative working environment, excellent advancement opportunities and salary and benefits package. Submit resume and cover letter to Varner Sytsma & Herndon, CPA’s, 2200 Rimland Drive, Suite 205, Bellingham, WA 98226,Attn: H/R

IBA Sells Privately Held Companies. Do you represent a client who is ready to retire or has taken a company as far as they want to or can? IBA is the Pacific Northwest’s oldest business brokerage (M&A) firm. We are professional negotiators with over 4000 completed transactions. Please contact us if we can be of assistance at (800) 218-4422 or www.ibainc.com.

Kirkland accounting firm seeks SeniorTaxAccountant to join team dedicated to excellence & growth with healthy work/life balance. Requires: 5+ years tax experience, (particularly in construction, manufacturing, real estate, & technology industries), CPA license, & ability to train/ develop staff. Varied client base requires organization, technical skill, and effective communication. Competitive salary & benefits. Submit cover letter & resume by email: resumes@vwc-cpa.com.

Local Firm Looking for Practice. Are you thinking of retiring or selling your practice soon? We are a Redmond based CPA firm looking to purchase another firm. We are looking for a firm with revenues between $200,000$1,000,000. Most of our work is with business clients and high net worth individuals. We have purchased practices before and are very familiar with how to transition a client base. Please call Bruce Sult at 425 883-3111 or email bruce@ falcosult.com if you are interested in discussing a sale. You can review our website at www.falcosult.com.

Established Bellingham CPA firm is seeking experienced CPA to join our team of professionals. 3+ years of tax experience required. Collaborative working environment, excellent advancement opportunities and salary and benefits package. Submit resume and cover letter to Varner Sytsma & Herndon, CPA’s, 2200 Rimland Drive, Suite 205, Bellingham, WA 98226,Attn: H/R

We Sell Practices! --- ProHorizons has been helping CPAs sell their practices since 1995.Confidential,prompt,professional and stress free. Call for a FREE sales package and confidential consultation with our regional representative, Ken Berry at 888-729-9476 or visit www.prohorizons.com. PRACTICES FOR SALE

OFFICE SPACE Accounting office for rent. 110sq. ft. office with lobby use.Nice North Bellevue location with territorial view,free parking, easy access to 405 and 520. Furnished with high speed internet access included. Copier and postage meter available at cost sharing. Tax resources available. For more information email marc@eastsidecpa.com. Mercer Island based personal financial management firm looking to sublease up to 1,000 sq ft (4 window offices and reception space, plus interior bathroom) for $2,500/ month. 1 year lease, then available month to month. Please respond by e-mail: berit@paracleadvisors.com or phone: (425) 646-9292. Bellevue CPA Firm has office space for rent. 500 sq ft complete with services. East access to 520 & 405 freeways and great parking. Email Scott@MoserCPAs. com or call 425-818-9400.

PRODUCTS & SERVICES Private Funding available for mortgage loans against real estate. Loans to estates, trusts, corporations,LLCs,partnerships or individuals.Equity driven loans. Must be for business purpose. $50,000 to $7,000,000. Norman Davis,WFI Morgage Investment Company, (206) 972-7515 or email: normdaviswfi@gmail.com.

MERGERS & SALES Local CPA firm located close to downtown Seattle seeking to acquire another CPA firm in Greater Seattle area. If you are looking to retire or want to sell your firm please contact us. We provide audit, tax and consulting services to our clients.Please call Horace at 206-282-3720,email horace@ francis-company.com. Wanting to Sell? Spokane CPA firm is seeking to purchase a $100,000 to $250,000 size tax and accounting practice in the Spokane area. Please call Dan at 509-326-3269 or email to drjcpa@msn.com.

38

Contact Mark Hause at Accounting Practice Sales by e-mail at MARKHAUSE@CONTACTAPS.COM or call 877-345-7722 for more information on the following practices: Anacortes CPA Firm for Sale:This CPA firm is a traditional CPA firm with income tax,write-up,along with financial services to round out the practice. The firm revenue mix breaks out 76% tax, 18% write-up, and 6% financial services. The buyer will have the opportunity to retain the current office location indefinitely as the Seller owns the building.With a loyal client base and good fees,this firm offers opportunity to a firm looking to expand or a CPA wanting to be on their own. Bellevue CPA Firm for Sale: This CPA located in Bellevue wants to sell a highly profitable practice. The firm revenue mix is heavily concentrated in the area of tax preparation with over 92% of all fees coming from the rendering of tax services. The future of this firm is further enhanced by a significant number of clients having a high net worth with the need for additional services in a variety of areas.The ideal buyer will be one who has the experience of working with high net worth individuals who can take advantage of the solid fees and loyal practice base. Blaine CPATax Firm for Sale: This CPA firm located close to the Canadian border is primed for a new owner and has wonderful potential.The firm is the only CPA firm in town and receives referrals from all types of professionals including banks and real estate agents.The practice revenues are predominantly from tax services with that segment of the business generating approx. 86% of total revenues for the firm. The balance is split almost equally between write-up and consulting. With opportunities for cross border tax and consulting services along with traditional income tax services, this firm is a solid opportunity for any accountant who wants to own their own firm or a firm looking to expand or open a branch office. Bremerton, Port Orchard, Silverdale Area CPA Firm for Sale: This outstanding CPA firm (single location) with an excellent fee structure and solid cash flow is for sale. The firm is a tax practice with no auditing and enough write-up work to balance out cash flow over the course of the year. The firm client base composed of long term loyal clients is the product of the owner’s long term commitment to the community coupled with top of the mind name recognition when seeking professional accounting services. This firm is further enhanced with knowledgeable staff, no concentration of clients either by fees or segment of the local economy. All of the foregoing creates

WashingtonCPA November/December 2010

an opportunity for any firm or practitioner to acquire a firm that is a proven entity. Everett Franchise Tax Practice For Sale: The Seller(s) are offering the unique opportunity to own a tax preparation franchise with 3 territories and 3 locations. The locations are turn key,firmly established,with existing clients,and are located in areas that provide for excellent growth prospects. The buyer will benefit from a national brand name, national name recognition, brand awareness, and excellent support. The buyer has everything in place to own this tax preparation franchise or for a current practitioner to acquire a second business. Everett Tax Practice for Sale: The seller of this practice has several locations and wishes to sell two locations whether together or singly and focus on the remainder of the practice. The locations have established clients and have lease’s in place insuring the availability of the current location for several years. Each of the locations were previously national franchise tax preparation locations who are no longer affiliated with the organization. What remains are high visibility locations with staffing in place that would be a profitable addition to an existing firm seeking to expand or a great starter practice(s) for an individual that are located within 15 minutes of each other. North Seattle CPA Firm for Sale: This CPA firm located in North Seattle has been in the business of providing top drawer professional services for over 30 years. The firm is a full service practice offering all traditional accounting services including attestation. The revenue mix breaks out 73% income tax, 10% write-up, 14% auditing, 3% reviews and compilations with excellent per return and/or engagement fees.The practice has a significant number of business returns that will require a good business minded accountant that is comfortable with rendering advice and counsel on a variety of business related matters. The firm has great staff, established methods and procedures which make this a turn key practice. All of these qualities combine to make this firm a must see for any accountant or firm looking for an acquisition. Spokane CPA Firm for Sale: The owner of this accounting practice with an emphasis on tax preparation is ready to retire. The firm revenue mix is 87% tax preparation with the balance being write-up and representation before taxing authorities. The clients of the firm are loyal due to receiving hands on personalized service from the owner. The firm is further enhanced by having a high visibility office location on a heavily traveled thorough fare. All of these qualities add up to create a firm that is an excellent prospect for acquisition whether for an individual who has aspirations of owning a practice or a firm wanting to expand their customer base. Yakima Area CPA Firm For Sale: This CPA firm is a combination of tax and write-up professional services that focuses on providing great service with prompt turn-around of client work which means many happy clients. The professional services provided by the firm are further enhanced by the technical ability of the staff that shares the owner’(s) mission statement of providing excellent client service. The firm’s revenue stream is 65% income tax services and 35% write-up services with good realization rates for the professional services rendered. This dynamic practice with consistent year over year revenue increases along with the Seller(s) desire to provide excellent transition assistance is an excellent addition to any firm or accounting professional looking for professional challenge and opportunity.

Volunteer Opportunities The following organizations need a CPA to serve on the board of directors or provide other guidance on financial matters. Learn more at www.wscpa.org (enter volunteer positions in the search box). Arc of King County

Port of Seattle - New

Best Little Rabbit Rodent & Ferret House

Retired Football Veterans

CENTS Program - New

Third Place Commons - New

Community Day School Association - New

TisBest Philanthropy

GroundBreakers Institute of Inspection, Cleaning & Restoration Certification (IICRC) Pacific Northwest Diabetes Research Institute Pacific Harp Institute

Seattle Tilth - New

Washington Pilots Association Washington State Department of Social and Health Services (DSHS) Aging & Disability Services Administration (ADSA) Aging & Disability Resource Center (ADRC)

www.wscpa.org


MEMBER profile

WSCPA’s First Scholarship Recipient Alan McAllister How did you decide accounting was for you? My father worked with a public accounting firm in Detroit. When we moved to Seattle in 1944, he joined the Seattle office of Ernst & Ernst. In those days, the firm held summer picnics for the staff and families and I became acquainted with the executives and staff and enjoyed the comradeship of the group. While attending West Seattle High School, I took bookkeeping classes for two years just to see if I liked the subject. In my junior year at West Seattle, we were required to research a potential career and write a term paper on the subject. Through this project I became aware of the many avenues that would be open to me in public and private accounting as well as opportunities to become a special agent of the FBI. So it would be fair to say that I followed in my father’s footsteps. When did you receive the first WSCPA scholarship? I received the scholarship in my senior year at the University of Washington in November 1952. The scholarship was need-based, so I had to write an essay explaining why I needed the scholarship. I always had a need for money while in college even though I was a thrifty fellow. In my essay, I explained how, as part of the Army ROTC program, I had just spent six weeks attending the ROTC Summer training session at the Army Finance Center in Indiana, and earned only 90 cents a day (versus earning a $1 an hour, the rate for summer jobs in Seattle at that time). I was very fortunate to receive the $200 scholarship which was awarded by the CPA Wives Club. The Club’s Scholarship Program was later taken over by the WSCPA. (Tuition at the UW was $45 a quarter, so the $200 scholarship went a long way.) What direction did your career take after you graduated from the University in 1953? In 1952, the Army decided to update its accounting system and sought 300 ROTC graduates who majored in accounting to assist in the project.When I graduated, I was Commissioned a 2nd Lt. in the Finance Corp of the US Army Reserve. I reported for active duty in the Army on October 20, 1953. After further training at the Army Finance Center, I was fortunate to be transferred to Ft. Lewis, WA. In July 1954, I married my girlfriend, Arlene. I was discharged from the Army on October 31, 1955, and started work in the Seattle Office of Ernst & Ernst on November 1. I received my CPA Certificate in 1956. In those days, it was necessary to obtain a year of auditing experience in addition to passing the CPA examination to meet the qualifications for certification. What are some of the highlights of your career? I initially was assigned to some of the firm’s larger timber, paper, and manufacturing audit clients. Then in 1958 the firm obtained its first client in Anchorage, Alaska, and I was assigned to head up the engagement. The assignment lasted seven weeks and during this time, the United States Congress passed the Alaska www.wscpa.org

WSCPA Chair Jim Ladd (right) presents a certificate to Alan McAllister, the first scholarship recipient. Statehood Bill. While in Anchorage the firm asked me to conduct a feasibility study related to opening an office in the 49th State. In March 1959, I was given the opportunity to open the Anchorage office and did so on March 29, Seward’s Day, an Alaska State holiday commemorating the purchase of Alaska from Russia. We enjoyed living in Anchorage and two of our three children were born there. In July 1963, I was given the opportunity to manage the Portland, Oregon office of the firm and was there until August of 1968. I then returned to the Seattle office and was admitted to partnership in 1970. Looking back at your career, how has the profession changed? The growth of the profession really mushroomed during my career. Registration of securities of companies “going public” increased substantially and in the mid 1970s, commercial banks with publicly-owned stock were also required to register with the Securities and Exchange Commission for the first time. At the beginning of my career, we used to get occasional technical bulletins from the AICPA. The Accounting Principles Board hadn’t been formed. The Emerging Issues Task Force came along even further down the road. So CPAs were required to use a lot of professional judgment and conservative common sense accounting in conducting audits. In the late 1960s and early 1970s, it became popular to sue public accounting firms. I found it educational to read the legal briefs of cases printed in our CCH Service as such legal decisions, in my opinion, added to the common body of knowledge comprising generally accepted accounting principles and generally accepted auditing standards. The Public Accounting Profession continues to be an evolving and challenging profession, which is what made it a most interesting career for me. Alan retired September 30, 1989, the day before the merger of Ernst & Whinney and Arthur Young. He lives in Redmond, Washington and Surprise, Arizona. WashingtonCPA November/December 2010

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The WashingtonCPA November/December 2010  

The bi-monthly magazine of the Washington Society of Certified Public Accountants (WSCPA)

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