CPE for CPA Seminar Series

2015 George A. Gustafson Accounting and Finance CPE Seminar Series

Location: Don H. Bottum University Center

Dates: Monday, May 11, Tuesday, May 12, Monday, June 1, Tuesday, June 2

Morning sessions:  8:30 a.m. - noon
Afternoon sessions:  1 - 4:30 p.m.
Each course is 4 credit hours.



May 11, 2015             Life Cycle of a CPA Firm

8:30 a.m. – noon        Carol Johnson, Instructor, College of Business, Northern Michigan University

This seminar discusses the planning, structuring and documentation of each life cycle stage to help CPA’s understand the specific issues involved. The cycles are identified as setting up a solo practice, hiring staff, transitioning staff from employee to prospective partner status, adding a partner, buying a practice, growing into a multipartner practice and retirement, terminating a partner, or winding down a practice. In addition, fundamentals for success at each phase of the life cycle will be discussed.


May 11, 2015             Client and Employee Relations

1 – 4:30 p.m.              Gary Stark, Professor, College of Business, Northern Michigan University

People are people.  That includes “unruly” clients and “disobedient” employees.  Being people, research can clue us in to their many possible needs.  What is it you can do to make these relationships better, without compromising your values but at the same time honoring theirs?  Through energetic discussion and interactive exercises you’ll learn why compromise is often not the best solution to any sort of relationship challenge.  Research is clear that you can do better.


MAY 12, 2015           The Challenges Facing the Retirement Plan Sponsor

8:30 a.m. – noon        Rich Tegge, President, Wealth Strategy Group

Help Business Owner clients understand their fiduciary responsibilities, maximize plan design and improve participant outcomes.  The Retirement Plan marketplace has experienced significant change over the past few years.  Are your business owner clients keeping pace? Would they pass a DOL audit?  Do they understanding plan pricing, plan design strategies, and their fiduciary responsibility.  This course is designed to help you provide the guidance and assistance they need.  We will have specialist in Plan Servicing, Plan Design and Record Keeping; each presenting on topics significant to the management of the plan and maintenance of their fiduciary liabilities.  If any of your Business Owner clients sponsor a Retirement Plan they need your guidance, this knowledge will make you a valuable resource.


MAY 12, 2015           Maintaining PCI Compliance

1 – 4:30 p.m.              Jill Compton, Director of Risk and Internal Audit, Northern Michigan Univ. Certified Information Systems Auditor

An overview of the Payment Card Industry’s 12 security and control requirements will be covered.  These are the issues that you and your clients who take electronic forms of payment must address, including protecting cardholder data, transmission of data, restricting access to cardholder data using logical and physical controls, and testing the controls of the system.    After the four hour overview, auditors providing assurance services will be able to advise clients regarding the risk and cost of compliance associated with the different forms of accepting payment.


JUNE 1, 2015             Grant Management  

8:30 a.m. – noon        Erica Lynn Franich, Director, Grants & Contracts, Northern Michigan Univ.

The financial rules related to grant administration and management which include allowable and allocable costs, indirects vs. directs, and the ins-and-outs of the Office of Management and Budget's Uniform Guidance (formerly the circulars related to grant management) will be covered.  Changes in the Uniform Guidance, recently issued in December, will also be included.


JUNE 1, 2015            Financial Planning:  Saving for College Expenses

1 – 4:30 p.m.              Daniel V. Kill, MBA, ChFC, Cont. Faculty Member, Northern Michigan Univ.

Paying for college can be a daunting endeavor, so you can be sure your clients have many unanswered questions and could even be avoiding the topic entirely.  Join Dan Kill, a Registered Investment Advisor and Chartered Financial Consultant to learn the basics of the various state and federally sponsored plans and other options available to qualified individuals.  Emphasis will be placed on tax advantages inherent in each program and flexibility provided.


JUNE 2, 2015             Billing Practices 

8:30 a.m. – noon        Carol Johnson, Instructor, Northern Michigan University

CPA firms provide invaluable advice to business clients but often struggle to run their own businesses effectively, particularly in the areas of pricing, billing and collections. This workshop will focus on strategies to set appropriate fees, deliver bills in a timely fashion and collect payments promptly.


JUNE 2, 2015            The Dodd-Frank Act and Fraud, CPA Auditing & Banking Controls  

1 – 4:30 p.m.              Glenn Johnson, Compliance and CRA Officer, Range Bank

 Jack Lenten, CPA, Vice President, Credit Administration & Internal Audit, Range Bank

CPA Auditing and Banking Controls and other banking topics including major areas on a banks general ledger, risks, controls and how to audit those controls.    Other topics include Bank Secrecy Act, Identity Theft "Red-Flags", and the Dodd-Frank Act and Fraud.  

For topic suggestions or to be added to our mailing list please e-mail Jody Lindberg.