CFO - Minding the GAAP WEBCAST - Presented by the Idaho Society of CPAs

Overview

This four-topic presentation emphasizes key roles for financial leaders: staying updated on GAAP changes, understanding the effects on the balance sheet, alternatives to secure financing, and properly paying state and local taxes. It's essential to enhance our financial skills to keep pace, as failing to adapt could leave us behind.

NOTE: The Season Ticket and Coupons are not applicable for this course.

Highlights

Deciphering Balance Sheet Accounting Issues: Through practical analysis and case discussions, we will highlight essential tools for understanding the balance sheet, ensuring it is exemplary and grasping the key drivers of accounting issues. Lease or Buy, Debt or Equity: Is there an ideal financing mix that we should aim to achieve? What does financial theory recommend? What are the hidden costs of our financing decisions? Should we lease or buy an asset, and how do we analyze this decision? How can we handle financial distress? These crucial topics will be addressed, blending theory and practice to help solve these dilemmas. Dealing with Ever Changing Accounting Standards: GAAP is changing rapidly, posing challenges for leaders who must adapt to new accounting standards while steering their organizations toward sustainable growth. SALT for CFOs: The changes to state and local taxation (SALT) are significant. New methods are continuously being introduced to raise taxes, as states strive to increase their revenue. How have the regulations changed, and what tools are useful for compliance? Many organizations may not fully comply with SALT regulations, which pose real risks. Leaders should be aware of these compliance risks and explore ways to minimize them to avoid penalties

Prerequisites

None.

Designed For

Financial leaders, managers, board members, CFOs, aspiring CFOs, finance executives, accounting professionals, CPAs, and decision-makers aiming to enhance their financial skills and excel as leaders in a changing business and accounting landscape.

Objectives

This course will highlight the importance of maintaining an excellent balance sheet. Emphasizing critical thinking, careful analysis and common sense in our approach to balance sheet accounting. Learn to optimally balance debt and equity, evaluate leasing decisions, and manage financial complexities effectively. Acknowledge the on-going importance of GAAP accounting for continuous improvement and active involvement in strategic planning. Be aware of the new strategies that tax authorities are using to increase revenue and their effects on cross-border operations. Stay updated on changes in state and local tax (SALT) regulations to ensure compliance for your employer or clients.

Preparation

None.

Notice

None.