Important Registration Information
Due to system constraints, registration for this event is a bit different than others. Please follow these instructions to register for the 2021 virtual Summer CPE Cluster:
- When you select a session you’d like to register for, click on the “Register Now” button. You may be prompted to login to your NCACPA account if not already logged in.
- A second tab within your browser will automatically open and will display the session you just selected to register for. Important: Keep this browser tab open, as well as the first tab with the Summer CPE Cluster session options.
- In order to add additional Summer CPE Cluster sessions to your cart, you will have to toggle back and forth between the page with sessions and the NCACPA shopping cart page. Once you have added all desired sessions to your shopping cart, begin the checkout process as normal.
If you are having issues with registration, please contact our Experience Support Team at 800-469-1352, and one of our friendly staff members will be happy to assist you in the registration process.
You can register by selecting sessions from this page, or from the “Register Now” buttons below.
Wednesday, August 11, 2021
For the most up-to-date information and agenda, please visit this page.
1A: Current Issues in Accounting & Auditing: An Annual Update
Designed for accounting and attestation practitioners at all levels in both public accounting and business and industry, this course provides an overview of recent accounting, compilation, preparation, review, and attestation matters including: recently issued and proposed Accounting Standards Updates (ASUs), the Lease Accounting: Topic 842; Impairments: Topic 326, an update on the status of Topic 606 implementation, SSARS No. 21, Clarification and Recodification and other new and proposed standards issued by the ARSC, recent AICPA and PCAOB releases, and other important A&A practice matters you should be aware of, including peer review and audit quality.
Track: Accounting & Auditing
1B: Individual Income Tax Update
This highly informative course will bring you up-to-speed on the latest in individual tax-law developments and the corresponding or responsive-planning opportunities available to your clients. You will come away from the course ready to educate your individual tax clients and implement tax-savings ideas that will serve their ever-evolving needs.
1C: Controller/CFO Update: Hot Topics Facing Today’s Financial Professional
In today’s rapidly changing world, finance professionals are required to wear many hats and are often the keys to the success of the organization. On one hand, they need to be abreast of the latest proven financial skills for making the best decisions, and on the other hand they need the best skills to motivate, manage, and lead people. Being pigeon-holed into one area or another is neither good for career building nor for the good of the organization. We’ll cover the latest issues that all CFOs and controllers need to know about and provide how-to guidance to allow for immediate use in their organizations.
1D: Government & Nonprofit Frauds & Controls to Stop Them
George Washington once wrote “We ought not to look back, unless it is to derive useful lessons from past errors, and for the purpose of profiting by dear bought experience. The cost of fraud, dearly paid by governments and nonprofits, is too severe to not learn from.” In this course, we will look back at real-world government and nonprofit frauds to derive useful controls to stop them. The course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced working knowledge of fraud and antifraud controls to both auditors and industry professionals.
2A: Financial Statement Disclosures: A Guide for Small- & Medium-Sized Businesses
A clear and concise set of proper financial statement disclosures can make or break an entity’s financial statements. Such disclosures are no longer simply additional information provided by a business, they can be complex in nature and difficult to both prepare and understand, even for small- and medium-sized businesses. Oftentimes, financial statement users will first turn to the notes in the financial statements in order to get a feel for where the business and its numbers might be heading. This course will focus on key balance sheet and income statement disclosure as well as those relating to adoption of new accounting standards such as Topic 606, accounting policies, changes in accounting estimates and errors, subsequent events, going concern, and related party disclosures. The course will use illustrations, examples based on private company financial statements disclosures, and real-world excerpts from financial statements to provide you with a hands-on feel for the disclosure requirements across a number of accounting standards.
Track: Accounting & Auditing
2B: S-Corporation, Partnership, & LLC Tax Update
If you are a practitioner who wants the latest information on tax changes affecting your business clients or employers, then you should take this enlightening course. You will learn invaluable knowledge, strategies, techniques, innovative tax-planning concepts, income-generating ideas, and other planning opportunities available to S-corporations, partnerships, LLCs, and LLPs. Continually updated for items regarding tax reform.
2C: Gaining a Competitive Advantage: Critical Skills for CFOs & Controllers
All organizations are looking for ways to gain an advantage over the competition. This practical and interactive session will present a toolkit of ideas to help CFOs, controllers, and finance professionals better position their organizations for the future. We all know change is occurring at an exponential rate and by completing this course you will be able to assist your organization in making key decisions affecting critical aspects of the business such as enterprise risk management, financial risk, cash management, credit decisions, and much more. Become the financial hero of your organization and make a positive impact on the bottom-line.
2D: Understanding & Testing Control & Compliance in a Single Audit
The control and compliance requirements applied in a single audit differ from the requirements applied in a GAAS audit. As a result, sometimes it’s even difficult to tell where the auditor’s responsibilities start or stop in a single audit. This course is designed to help you proceed and succeed in applying the single audit control and compliance requirements. Over 15 focused exercises are included to provide an enhanced working knowledge of the most critical challenges in single auditing today.
3A: Examining the New Lease Accounting Standard: More Than Meets the Eye
Implementing ASU No. 2016-02, Leases (Topic 842) is sure to have a major impact on your balance sheet and potentially on your business as well. This course is a one-stop shop for what you need to know about the upcoming changes to lease accounting. In this course, we will review how to measure the lease liability and right-of-use asset that will now be recorded on the balance sheet for all leases. We will also tackle the tricky issues of accounting for lease modifications and other lease remeasurement events as well as address the other major provisions of the new standard, including transition. We will also review the income statement treatment of lease expense for all leases for both lessees and lessors and discuss recent FASB implementation guidance. Lastly, the course will cover all recent updates to the originally issued guidance in Topic 842, including recent FASB guidance related to rent concessions granted in light of the COVID-19 pandemic.
Track: Accounting & Auditing
3B: Maximizing Your Social Security Benefits
The leading edge of the baby boomer generation has already reached retirement age. Financial and tax planners can expect increased demand for strategies that dovetail Social Security with other retirement- and estate-planning objectives. This course provides tax- and financial-planning professionals with both the background information on the Social Security system and the strategies clients will need in dealing with Social Security, and the myriad other related retirement-planning issues.
3C: Critical Issues That CPAs in Industry Will Need to Face This Year
In this session we will tackle pressing issues at a “need to know” level and then discuss the practical implications. You will come away armed with the “big picture.” Preparedness is half the battle, so do not miss this critical briefing.
3D: The Most Critical Challenges in Not-for-Profit Accounting Today
This year not-for-profit entities are preparing for or applying critical new standards related to contributions, leases, and more. Now is the time to know more than just what the standards say, we need to know what they mean and how they will affect not-for-profit entities. This course is designed to do just that. The course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced working knowledge of the most critical challenges in not-for-profit accounting today.
4A: Fraud Basics: Protecting the Company Till
Our focus is to reduce the overall risk of fraud. To that end, this course focuses on what factors contribute to turning honest employees into schemers. Discussion will include integrity and ethics, as well as how people may react in certain situations. We also explore the darknet and cryptocurrency fraud.
Track: Accounting & Auditing
4B: Key Partnership & S-Corporation Tax-Planning Strategies
Most of our clients are pass-through entities for which many of the general business strategies are subject to additional limitations. To provide the tax-planning strategies for closely held business clients that will bring more revenue, this course focuses on the special concerns and techniques the practitioner needs to thrive in this market.
4C: Innovative Forecasting & Budgeting: Moving Beyond the Traditional Techniques
Forecasting and budgeting are two words that often draw an adverse reaction from many financial professionals. Let us help you turn that frown upside down with our innovative approach to planning and budgeting. We’ll move beyond the traditional techniques and show you easier ways to complete the process while cutting out the political pitfalls that end up causing a lack of accountability and can be demotivating to the staff. During the seminar we will cover such topics as the sales/income plan, capital equipment planning, the “one-year operating plan” (formerly referred to as a budget), the “monthly operating plan,” cash planning, risk planning, and much more. Join us for this seminar as we help you streamline your forecasting and budgeting processes, which turns into a win-win for the employees and the organization.
4D: The Most Critical Challenges in Governmental Accounting Today
With the leasing standard and other standards looming, now is the time to know more than just what the standards say; we need to know what they mean and how they will affect governmental entities. This course is designed to do just that! The course materials utilize a highly illustrative and innovative format. Over 15 focused exercises are included to provide an enhanced working knowledge of the most critical challenges in governmental accounting today.
Create your own agenda by
attending a mix of sessions!
NCACPA is a NASBA-approved sponsor of continuing education.
For complete program information (course registration, learning objectives, instructional delivery methods, CPE, field of study, prerequisites, program knowledge, level, advance preparation, program description, and speaker information), please visit the event links above.
The North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.
For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.