CPAs in Business Summit

7:30 – 8:00 a.m.

Breakfast & Registration

8:00 – 8:15 a.m.

Welcome and Opening Remarks

Amy Pitter, Massachusetts Society of CPAs

8:15 – 9:15 a.m.

Economic Update

Jeff Mortimer, BNY Mellon Wealth Management

While today's headlines focus on the most immediate issues, investors and business owners must keep an eye on the longer term as they look to take advantage of price weakness or sell into economic strength. In this session, Jeff Mortimer will share his considerable insights into what may be ahead for the markets, global economies, business owners and investors.

9:15 – 10:15 a.m.

Accounting in Extraordinary Times

Kimberly Ellison – Taylor, CPA, CGMA, Oracle and the American Institute of CPAs (Past Chairman, Board of Directors)

10:15 – 10:30 a.m.

Networking Break

10:30 a.m. – 12:00 p.m.

Evolving Role of CFO and Controller

Jim Lindell, Thorsten Consulting

The traditional roles of Controllers and CFOs are changing dramatically. They need to be better at interpreting financial information and prescribing actions, understanding business operations, recruiting, developing and leading staff as well as understanding environmental factors.  They must be skilled at financial trend analysis and ratio interpretation beyond traditional approaches.  Join Jim as he explores four major roles of the Controller/CFO and how you can raise your skills to the next level.

12:00 – 12:45 p.m.

Lunch

Concurrent Sessions (choose one)

12:45 – 2:30 p.m. 

Ethics: Don’t be the next news story!  Increasing Your Ethics IQ – Part 1

Jennifer Elder, CPA, CMA, CIA, CFF, CGMA, Sustainable CFO

The concept of ethics is easy to understand and talk about, but also incredibly hard to implement on a consistent basis. In this session, we will discuss current ethical issues and walk-through a nine-step ethical decision-making model. We will discuss the nuances of ethics, debate real-life examples and identify steps to promote a solid ethical culture in your organization. You will:

• Analyze current ethical violations in the news;
• Debate how an ethical lapse could be prevented or caught before becoming a news story;
• Examine possible choices when placed in the middle of an ethical dilemma; and
• Define a nine-step process to improve ethical decision-making

The Bottom Line on the New Lease Accounting Requirements - Part 1

Bill Eskin, AICPA

 During this session, we’ll discuss how the leasing requirements in the new standard differ from current Generally Accepted Accounting Principles (GAAP) by focusing on the basic core principles of the new rule. We’ll cover identification, recognition, measurement, presentation and disclosure requirements as well as conduct case study exercises to illustrate application of the new standard. We’ll also discuss the lessee accounting model, including lease classification, amortization of the right-of-use asset, interest on the lease liability, the lessor accounting model and more.

2:30 – 2:45 p.m.

Networking Break

Concurrent Sessions (choose one)

2:45 – 4:30 p.m.

Ethics: Don’t be the next news story!  Increasing Your Ethics IQ – Part 2

Jennifer Elder, CPA, CMA, CIA, CFF, CGMA, Sustainable CFO

The Bottom Line on the New Lease Accounting Requirements - Part 2

Bill Eskin, AICPA

This seminar qualifies for the Workforce Training Express Fund program. The course code for this program is 1119617  Click here for more details: https://www.mscpaonline.org/cpe/training_fund