December 12, 2018 CPE Seminar

Transcription

1 December 12, 2018 CPE Seminar 8:30 am 9:20 am Course D Individual and Business Tax Update CPE Credits: 1 CPE Type: Tax Level: Basic Prerequisites: None Program Content: This presentation will cover emerging tax issues for individuals and businesses. Current developments in the federal tax reform will also be discussed. Identify tax changes that could affect the participants in the current and future years. Identify and discuss new tax forms and requirements. Understand potential tax reform proposals and its effect on individuals and businesses. Ernie Skyrme with BKD, LLP has more than 14 years of experience providing tax services to not-for-profit organizations, financial institutions, small businesses and individuals. He is responsible for proactive tax planning and reviewing tax returns to assist clients in meeting governmental reporting or other regulatory financial disclosure requirements. He has experience with various tax matters, including accounting method changes, multistate taxation, audit representation and accounting income tax accruals. He has also been the in-charge on numerous audit engagements. He is a member of the American Institute of CPAs and Arkansas Society of Certified Public Accountants. He also serves as a member of the Arkansas State University Accounting Advisory Board and on the professional advisory council at the Economics Arkansas Foundation. Ernie is a 2001 graduate of Arkansas State University, Jonesboro, with a B.S. degree in accounting, and a 2003 graduate of the University of Arkansas at Little Rock with an M.B.A. degree. 9:25 am 10:15 am Course D1802 Tax Issues Impacting Not-For-Profit Organizations CPE Credits: 1 CPE Type: Tax Level: Basic Prerequisites: None Program Content: This presentation will cover emerging tax issues for Not-For-Profit organizations, including changes to Form 990 and the potential effects of the Tax Cuts and Jobs Act on your organization. Identify and discuss potential challenges and changes to the 2018 Form 990 Learn about the implications of the Tax Cuts and Jobs Act on Not-For-Profit organizations. Amber Sherrill has more than 13 years of experience providing tax compliance and consulting services to clients in the health care and not-for-profit industries. She provides guidance and research to assist exempt organizations in their compliance with the constantly changing exemption reporting and requirements. Her technical knowledge includes notfor-profit, hospital, corporate, partnership and individual tax planning, federal and multistate income tax compliance, and tax exempt bond arbitrage compliance. She is a member of the American Institute of CPAs, Arkansas Society of Certified Public Accountants, and Healthcare Financial Management Association. Amber is a 2004 graduate of the University of Central Arkansas, with a B.B.A. degree in accounting and MIS, and in 2005 received an M.Acc. degree in accounting.

2 10:20 am 11:10 am Course D1803 Practical Guide to Implementing the New Not-for-Profit Reporting Model and Endowment Management & Reporting Best Practices CPE Credits: 1 CPE Type: Accounting Level: Basic Prerequisites: None Program Content: This presentation will cover best practices and financial statement footnote disclosures examples to consider when implementing the new not-for-profit accounting model. In addition, this presentation will cover endowment management and reporting best practices. Provide a refresher on changes to financial statements associated with the new not-for-profit reporting model. Discuss the best practices, policies, requirements, and audit considerations associated with endowment reporting and management. Corey Jennings, a member of BKD National Not-for-Profit Group and BKD National Governmental Group, has more than 15 years of experience providing audit and management consulting services to water utilities, colleges, foundations, other not for-profit organizations and governments. He has served on BKD s efficiency and audit quality task forces and on the firm s internal audit inspection team. He is a member of BKD Center of Excellence for Higher Education and has presented to various industry associations on not-for-profit accounting, Government Auditing Standards and Single Audit regulations. He makes numerous presentations to boards and audit committees each year. In addition, he has recruitment and training responsibilities. He is a member of the American Institute of CPAs and Arkansas Society of Certified Public Accountants. In addition, he recently obtained AICPA s Not-for-Profit Certificate II. He is a board member of City Year Little Rock/North Little Rock, finance committee member of St. Mark s Episcopal Church, and also recently served on the board of the Arkansas BKD Foundation. Corey is a 1999 cum laude graduate of Harding University, Searcy, Arkansas, with a B.B.A. degree in accounting. Kyle Elmore has more than 7 years of experience in accounting and audit services. He provides audit and consulting services to governmental and not-for-profit organizations. He is knowledgeable of Single Audit and federal grant reporting requirements. Kyle is a member of the American Institute of CPAs and the Arkansas Society of Certified Public Accountants. He is a 2005 graduate of the University of Arkansas, Fayetteville, with a B.S. degree in finance, and in 2006 earned an M.B.A degree. 11:15 am 12:05 pm Course D1804 Business Combinations Both Tax and Accounting Implications CPE Credits: 1 CPE Type: 0.5 Accounting 0.5 Tax Level: Basic Prerequisites: None Program Content: This presentation will cover the key tax and general GAAP considerations when buying a business such as asset versus entity purchase, allocation of purchase price, deal considerations and elections and the key tax accounting differences from financial accounting. Learn the tax issues in asset versus entity acquisition of a business as well as GAAP considerations in business combinations. Explore tax issues related to transaction costs. Identify tax election considerations. Kevin Horn is a Partner at BKD in Little Rock and has more than 20 years of experience providing tax services to a wide variety of industries, including manufacturing and distribution companies, healthcare and insurance providers and others. He has experience with many tax matters, including accounting method changes, mergers and acquisitions, executive compensation and accounting income tax accruals. Tracy Young is a Partner at BKD in Little Rock and is a member of the BKD National Health Care Group, with more than 20 years of experience at BKD. Tracy manages the audits of numerous health care providers, including urban hospital systems, rural community providers and long-term care facilities. He also provides Medicare and Medicaid consulting and cost report preparation and analysis, feasibility studies and strategic planning.

3 12:40 pm 1:30 pm Course D1805 Recent Legal Developments Affecting Hospitals CPE Credits: 1 CPE Type: Regulatory Ethics Level: Basic Prerequisites: None Program Content: A settlement was reached recently involving a Northwest Arkansas hospital and a class action involving business practices. Attorneys have been filing additional suits against hospitals based on the same theories. Most hospitals have believed that they were charitably immune for any judgment over and above available insurance. A recent charitable immunity ruling will have a potential impact on hospitals ability to claim immunity from suit. Another area of interest has been litigation holds and document retention policies as they pertain to billing records, audits, and other information. Learning Objectives: After this presentation, participants will be able to Explore hospitals potential ability to claim charitable immunity from lawsuits. Identify litigation holds and document retention policies for billing records and audits. Will Griffin represents major manufacturers nationally in product liability and other litigation. His work also includes the defense of medical malpractice and general liability cases. Will has handled cases in nearly every state in the United States, having tried more than 80 jury trials. He has been a lead counsel in the defense of manufacturers in lawsuits brought by dozens of municipalities and handled one of the most significant matters litigated before the Consumer Product Safety Commission in recent years. Will is a Fellow in the American College of Trial Lawyers, and an Advocate in the American Board of Trial Advocates. He is recognized as a Litigation Star in Benchmark Litigation and has been listed in The Best Lawyers in America and in Mid-South Super Lawyers in multiple areas for many years. Kevin A. Crass serves as head of the Class Action and Business Litigation Practice Group at Friday, Eldredge & Clark, LLP in Little Rock, Arkansas. He focuses his practice on significant, complex business litigation in federal and state courts including the defense of claims involving class actions, securities fraud, ERISA, business torts, trade secrets, patent and trademark infringement, product liability, environmental and toxic torts and breach of contract, among others. Kevin also provides clients with representation before governmental bodies and counsels them in regulatory matters. Kevin has served as personal counsel to several of the State s constitutional officers and has represented former Arkansas Governor Mike Huckabee since He currently serves on the Board of the Eighth Circuit Court of Appeals Bar Association. He previously served on the Federal Practice Committee for the United States District Court for the Eastern District of Arkansas, having been appointed by the judges in that district. He also currently serves on the Board of Visitors of the UA Little Rock, the Foundation Fund Board of the University of Arkansas for Medical Sciences, Chair of the War Memorial Stadium Commission and will be Chairman of the Little Rock Regional Chamber of Commerce in January :35 pm 2:25 pm Course D1806 Ethics and Accountability Supporting Healthcare Services CPE Credits: 1 CPE Type: Behavioral Ethics Level: Basic Prerequisites: None Program Content: This presentation will cover aspects of behavioral ethics exhibited by those who are involved in the financial management of healthcare organizations. In examining these behaviors, we need to consider several things, including motivation, communication, and rewards. Each has the potential to create surprising ethical results. The presentation will include cases of actual events and discussion among the participants. Define ethics and accountability involved in financial management of healthcare organizations. Analyze a case involving ethics and accountability. Construct alternative methods of dealing with a case involving ethics and accountability. Reflect on consequences of decisions involving ethics and accountability. Develop methods of encouraging ethical behavior through accountability, communication, and incentives. Dr. Karen Moustafa Leonard is Professor of Management at the College of Business at University of Arkansas at Little Rock since She earned a Ph.D. in Management from the University of Memphis. Dr. Leonard was manager/administrator in various healthcare organizations for 20 years, including the Auckland (NZ) Area Hospital Board and Tenet Healthcare System (US). Her current research interests center on dysfunctional organizational behaviors, including ethics and accountability, and her work has been published in national and international journals. With her colleague, Dr. Fatma Pakdil, she published a book: Performance Leadership.

4 2:30 pm 3:20 pm Course D1807 ASBPA Laws and Rules CPE Credits: 1 CPE Type: Regulatory Ethics Level: Basic Prerequisites: None Program Content: This presentation will cover select accountancy laws and Board rules covering topics such as CPE requirements, license renewal regulations, license statuses, and the Board s Code of Professional Conduct. The presenter will include real-life examples garnered from his personal experiences as a Board investigator. Better understand the Accountancy Statute of the State of Arkansas. Better understand State Board rules governing CPA licensure. Better understand Board expectations of licensees and will know the most common compliance issues that licensees commit. Tim Montgomery, CPA, CISA, is an investigator with the Arkansas State Board of Public Accountancy. He graduated from the University of Houston Downtown with a BBA in Accounting in 1992 and passed the CPA exam in His experience includes being the Internal Auditor for USAble Life in Little Rock, Accounting Manager for Airborne Nacelle Services in Hot Springs and Comptroller for a supply company in Pencil Bluff. He has also spent time as an Internal Audit and SOX Compliance Consultant. Before moving back to Arkansas in 2013, Tim was the Internal Audit Director for Dyersburg State Community College in Dyersburg, Tennessee. He lives in Cabot, AR with his wife Charlotte and they have four children, ages 23, 21, 17, and 7. 3:25 pm 4:15 pm Course D1808 Ethical Decision Making CPE Credits: 1 CPE Type: Behavioral Ethics Level: Basic Prerequisites: None Program Content: This presentation will cover the importance of teaching ethical decision-making skills, review the various approaches used to make ethical decisions and discuss various case studies. Discuss the case for ethical reasoning in decision making. Discuss five sources for determining ethical behavior. Tim Montgomery, CPA, CISA, is an investigator with the Arkansas State Board of Public Accountancy. He graduated from the University of Houston Downtown with a BBA in Accounting in 1992 and passed the CPA exam in His experience includes being the Internal Auditor for USAble Life in Little Rock, Accounting Manager for Airborne Nacelle Services in Hot Springs and Comptroller for a supply company in Pencil Bluff. He has also spent time as an Internal Audit and SOX Compliance Consultant. Before moving back to Arkansas in 2013, Tim was the Internal Audit Director for Dyersburg State Community College in Dyersburg, Tennessee. He lives in Cabot, AR with his wife Charlotte and they have four children, ages 23, 21, 17, and 7.

5 LOCATION: Baptist Health Medical Center-Little Rock 9601 Lile Dr. J.A. Gilbreath Conference Center, Room #22 Little Rock, AR (maximum seating 100, registration will stop at that point) LUNCH: Box lunch will be served at 12:05 pm 12:40 pm BREAKS: 5 minute breaks between each session PRESENTATION HANDOUTS: All speaker presentations will be ed to registered attendees within 72 hours of the meeting. Please download and print if you would like handouts for the actual session. EDUCATIONAL CREDITS Health Care Financial Management Association-Arkansas Chapter 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: Health Care Financial Management Association-Arkansas Chapter is registered with the Texas State Board of Public Accountancy as a CPE sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE program. (Sponsor number ) Prerequisites and advance preparation are not required unless otherwise indicated. A maximum of 8 CPE credits is available. All courses are instruction method GROUP LIVE. All sessions will incorporate an element of participant engagement, and there will be time for questions after each session. PLEASE REGISTER ON-LINE Go to: then click on Education & Events Or go to: *Registration Fee: $75 HFMA Member $150 Non-HFMA Member *Deadline for registration and payment is December 7, REFUNDS AND CANCELLATIONS If cancellations are received after December 7, 2018, the registration fee is not refundable. Registrants who do not cancel or fail to attend must pay the entire fee. Substitutions, however, are permitted. Registration forms and cancellations must be ed to address below. Phone and voic are not valid forms of communication. For more information regarding administrative policies such as complaint and refund, please contact Tami Hill at or arhfma@sbcglobal.net.