MACPA Agribusiness Conference

7/27/2019 MACPA Agribusiness Conference

1/8

october 22, 2013 Best Western PLUS Hotel, Lansing

CPE MegaConference(cmne wh he Ane Cneence)

New Lower Price wih E-maerial

Recommended CPE Credit: 8 hours(includes Accounting & Auditing and Ethics)

CFP credits pending Board approval

WE trACk it for youYou can trust in us, MACPA education will qualiy or CPE credits. Didyou know CPE credit you earn at MACPA events is automatically addedto your personal CPE Tracker? MACPA members access your Trackeranytime www.michcpa.org/MyCPE


2/8

MACPAs CPE Mega Conerence is sure to live up to your MEGA expectations.

This ast-paced event is illed with breakout sessions in topics such as A&A,

agribusiness, ethics, tax and technology. Tailor your education by selecting the

breakout sessions that speciically apply to the work that you do. There truly is

something or everyone!

rEgistEr oNLiNE todAy!www.michcpa.org/MEGAL or call 1.855.594.4273. For a printable registration orm or

this event visit www.michcpa.org/MEGALregform

ProgrAM LoCAtioN & PriCiNgBest Western PLUS Hotel | 6820 South Cedar Street | Lansing, MI 48911 | 517.694.8123

Overnight accommodations are available.Fees: $175 Member/$275 Non Member (add $20 or printed materials)

Course Code: MEGAL

100% sAtisfACtioN guArANtEEMACPA delivers the highest quality educational experience. I you are not satisfed with your course, call

us at 1.855.594.4273. We will make it right.

CustoMizAbLE CoNfErENCEAs your beneft o attending a MACPA conerence, you are able to customize your experience! Chooseyour preerred sessions or the day and based o that and the preerences o other registrants, we

arrange the schedule so you get the topics most important to you. When registering, please choose

twelve o your preerred choices o breakout sessions (A-V). You will be assigned to eight.

CPE Mea Cneence(cmne wh he Ane Cneence)tea, ce 22, 2013

NEW! E-Maerial save yo Mone!Because o your overwhelming requests or electronic materials, the

MACPA is excited to announce the move to an e-Material system

which will cut down on our 4 million paper copies per year. Thismove has an exciting beneftwe can transer the savings to you!

By utilizing e-Materials we are able to save you $20 on 2013 conerences

and seminars. You can still request paper materials or an additional $20 (Result: In most cases the

program is the same price as the 2012 event!) To access the materials 48 hours prior to the event,

visit: www.michcpa.org/ematerials.

E-MATERIALS CANCELLATION POLICY: Reunds or credit will not be given ater e-Materials have

been downloaded and registrant is responsible or ull balance o the course and materials.

e-

mater

ials

CANCELLATION POLICY: I you cannot attend a program or which you are registered, call, ax, e-mail or write the MACPA at once. Cancellationsreceived at least ve (5) business days prior to the program date will be eligible or ull reund or a credit. Cancellations received less than ve (5)business days prior to the program date are subject to the ollowing ees: $50 service charge on 8-hour or longer courses, $20 service charge onhal-day events, $15 service charge on 2-hour events and a $10 service charge on 1-hour events. Credit balance(s) maintained with the MACPA as aresult o cancellations, that are not used within one (1) year o the cancellation date, will be considered oreited. Cancellations will not be acceptedon or ater the program date. Substitutions will be allowed until the start time o the program without penalty.


3/8

CPE Mega Conference(cmne wh he Ane Cneence)

teda, ocoer 22, 2013

be Weern PLus Hoel, Laning

AgENdA

8:00 AM Conerence Registration & Rereshments

8:30 AM Conerence Begins with Breakout Sessions

9:30 AM Breakout Sessions



12:20 PM Group Luncheon

1:10 PM Breakout Sessions




5:00 PM Adjournment

sEssioNs of iNtErEst

Public Accounting Professionals New FRF for SMEs Not Just New Different!

COSOs New Framework Make Your Transition Smooth

Watch Your Peer Review It Could be Made Easier

Business & Industry Professionals Unique Issues in Estate Planning for Agribusiness

Tax Adjustments for Agribusiness

From Farm Financials to Wind Farms, We Have Everything Agribusiness

CoursE CodE: MEgAL

Accounting & AuditingConference Planning Task ForceDuane M. Reyhl - Chair

Catherine M. McNamara - Vice Chair

Noel Abdur-Rahim

Vaidehi V. ChincholkarTimothy M. Couillard*Jeffrey A. Hartzel

Madhavi R. Kulkarni

Avec G. OBrienDennis A. Ree

David M. SchraderSunny Ning Sun

Connie R. WilliamsTimothy A. Wise*

Marny L. Workman

*Non-CPA Volunteer

Agribusiness Task ForceShelly K. Bedord - ChairPeter J. Bender

Kelly J. Brown

Mark K. BunchEric J. Bushey

Jeffrey P. Bushey

James H. Campbell Jr.

Brian C. DykstraWesley J. Exelby

Leslie S. Haner

Dean C. SnoekNancy L. Thompson

Christopher D. VaandragerBrett R. Walsh

Management Information &Business Show Task ForceDavid G. Coy Chair

Patrick R. Willis Vice ChairGrant B. Alberts

Modou CeesayDonna M. Dean

Lynda S. FloodEleanor Fradis

Ralph H. GurganusLori B. Kerch

Robert A. ListermanJesse I. Lothamer

LaVonda G. RameyRaymond T. Rowe

Edwin A. Schulz

Gary SchwarczDavid A. SwistockJohn C. Zerbo

A special thank you to the Task Forces that helped plan this event:


4/8

Accnn & An

A) AICPA Financial Reporting Framework or SMEs*Dennis Ree leads an exploration o the AICPAs Financial Reporting Framework or small- and medium-sized entities. This newly-designed ramework is based on traditional accounting principles yet helps cutunnecessary costs or smaller businesses. Discover the changes that are being made and how you or yourclients could potentially be aected.

Dennis A. Reef, CPA Quality Control Manager, Mellen, Smith & Pivoz, PLC, Bingham Farms

B) Fighting Financial Statement Fraud Dont Let it Happen to You!*Financial statement raud can be costly and can devastate an organization. In a 2012 Report to the Nations,nancial statement raud schemes totaled only 8% o the cases studied, but caused the greatest medianloss, totaling $1 million. Keep your company and clients sae by developing the tools to detect and preventthese scams. This session teaches you how to identiy the red fags o nancial statement raud, uncoverimproper disclosures and asset valuations and how to develop policies and procedures to prevent it romhappening to you.

Jeffrey T. Bagalis, CPA/ABV, CFFSenior Manager, Dispute Advisory & Forensic Services, Stout Risius

Ross, Inc., Southfeld

Raymond Roth, CPA, CFEManager, Dispute Advisory & Forensic Services, Stout Risius Ross, Inc., Southfeld

C) Peer Review: How to Improve Your A&A Engagements*With constant law and regulatory changes, peer review standards have had to adapt. For proessionals, thismeans a change in the practices and techniques that previously assisted with efcient accounting and auditing

engagements. Join this session or suggestions in how to streamline your peer review process including pitallsyou should be mindul to avoid.

Peggy Haw Jury, CPA, CGMA Technical Reviewer, Michigan Association o CPAs, Troy

D) Compilation and Review Updates*Dont all behind on the latest compilation and review updates! Discuss recent developments in the Statements

on Standards or Accounting and Review Services (SSARSs) to ensure you are ready or these engagements; you

wont want to miss this inormative session.

Dennis A. Reef, CPA Quality Control Manager, Mellen, Smith & Pivoz, PLC, Bingham Farms

E) Department o Labor Audit Simulations: A Proactive Process or Managing

Risk* (Double Session)With the implementation o new regulations, the hiring o new investigators and increased media attention,

the corporate defned contribution (401(k)) plans ace an increased likelihood o experiencing a Department o

Labor audit or other investigative event. As always, the best deense is a good oense. Learn how completiono a fduciary compliance assessment (DOL Audit Simulation) can reduce the employers and trustees, liability

exposure and improve overall plan quality and participant results.

Brian S. Lakkides, AIFManaging Director, Fiduciary Firewall Consulting, Inc., Waterord

Robert E. Scope, Jr., CPA Principal, UHY LLP, Sterling Heights

ea ens

*Qualifes or Accounting & Auditing CPE hours ^Qualifes or Ethics CPE hours CFP credits pending Board approval

Please choose twelve o your preerred choices o breakout sessions (A-V). Youwill be assigned to eight.


5/8

Accnn & An - Cnne

F) COSOs Internal Control Framework Update*The Committee o Sponsoring Organizations o the Treadway Commission (COSO) released the updatedInternal ControlIntegrated Framework (ICIF) in May 2013. Designed to enable organizations to adapt tocomplexity and change, mitigate risks to the achievement o objectives and provide reliable inormation toassist in decision making, this is the largest change to the ramework since its release in 1992. Join in tohear the latest on the project and what you can do to make the transition as smooth as possible.

Gregory H. Soule, CPA, CISA, CISSP, CFEManager, Andrews Hooper Pavlik, PLC, Auburn Hills

G) Accounting & GAAP Update*

Join this session or a comprehensive update on the Financial Accounting Standards Board (FASB)s GenerallyAccepted Accounting Principles (GAAP). Cover topics including revenue recognition, leasing, fnancialstatement presentation and International Financial Reporting Standards (IFRS) at this timely session.

Catherine M. McNamara, CPA, CGMA Senior Manager, BDO USA, LLP, Troy

Ane

H) Federal Tax Update (Double Session)Agriculturally-related businesses are a critical part o Michigans economy. Be prepared to advise and answer all

o your clients questions by staying current on the important tax changes coming rom Washington. This sessionwill address the recent major cases and rulings impacting agriculture. Also included is the latest in legislativedevelopments and Treasury regulations that impact ag clients and a potpourri o ag tax issues o critical

importance including giting ag commodities, like-kind exchanges, trading vs. selling machinery, depreciation,

material participation rules, deerred sale arrangements or crops and livestock, planning concepts in light ohigher eective tax rates in 2013, the new 0.9 percent Medicare surtax on active income and the 3.8 percent

Medicare surtax on passive sources o income.

Roger A. McEowen, JDOwner, McEowen, PLC, Ankeny, IA

I) Estate Planning in AgricultureThis session covers the most important recent case and ruling developments involving arm estate planning.Also addressed will be the use o entities in the estate and tax planning process, integrating special use

valuation into the overall estate plan, common errors in estate planning and the proper use o trusts in the estate

planning process or arm clients.

Roger A. McEowen, JDOwner, McEowen, PLC, Ankeny, IA

J) Economic Issues in AgribusinessWith Michigans economy on a rebound, what arising issues are impacting the agribusiness industry? Join Jimor an exploration o industry updates, trends in the business and what inormation your clients need now to help

prepare or the uture.

James E. ByrumPresident, Michigan Agri-Business Association, East Lansing

K) Accounting & Auditing Updates or Agribusiness Industry*It is essential or CPAs dealing in the agribusiness industry to stay current on unique accounting &auditing topics. Join this high-level overview o hot topics including the AICPA ramework or small- andmedium- entities.

Robert D. Beerup, CPA Partner, DBH & Associates, LLC, Norman, IL


6/8

Ane - Cnne

L) Development Rights Agreements and the Qualifed Forest ProgramExamine various structures or purchasing, selling or transerring development rights. Topics slated ordiscussion include giting rights, tax considerations and specic situations or cash crops. Also, understandhow the Farmland and Open Space Preservation Act(ormerly PA 116) enables certain arm owners toenter into a development rights agreement with the State. Inormation will also be provided regardingthe property tax benets o the Qualied Forest Program, which was recently transerred to the MichiganDepartment o Agriculture and Rural Development in June o this year.

Richard A. HarlowProgram Manager, Michigan Department o Agriculture Farmland Preservation, Lansing

M) Farm Financial Standards Council Update*To assure uniormity and integrity in the fnancial analysis o agribusiness clients, it is essential to remain up-to-date on the Farm Financial Standards (FFS) that the Farm Financial Standards Council (FFSC) has developed.

Join this session to hear the latest updates rom the Council and what steps you need to take in order to remaincompliant including accounting or hedging transactions and grain accounting.

Paul G. Neiffer, CPA Partner Agribusiness & Cooperatives, ClitonLarsonAllen, Yakima, WA

N) An Overview o Oil and Gas Leases and Wind Turbine Leases and Easements:Considerations or Landowners

Many in agribusiness have signifcant land holdings and have been or will be approached by companiesdesiring to acquire rights or oil and gas and/or wind energy development. Topics will include landownerreal estate interests, typical elements o oil and gas leases and wind turbine leases and easements, andthe tension between the landowners interests and the developers interests.

Glenn L. Fitkin, JD, PEAttorney, Braun Kendrick, Saginaw

David L. Puskar, JDAttorney, Braun Kendrick, Saginaw

EtHiCO) Changes to the AICPA Proessional Code o Conduct^This session helps you identiy new and revised requirements to AICPAs Professional Code of Conductas wellas provides you with the latest exposure drats and upcoming projects. Also, discuss reasons or the changes as

well as any modifcations to defnitions, interpretations, and rulings.

Gary Leeman, CPA/ABV/CFF, CMCGary Leeman, CPA, PC, Farmington Hills

P) Ethics Code Overview Back to the Basics^When it comes to ethics updates, unique, complicated situations are oten highlighted, but what about the

common complaints and inquiries you are more likely to experience? Join Gary to brush up on the basicsincluding your responsibilities regarding independence, integrity and objectivity, compliance with general

standards, confdentiality, and behavioral issues at this interactive session.

Gary Leeman, CPA/ABV/CFF, CMCGary Leeman, CPA, PC, Farmington Hills

Nee knw

Q) Wellness Plans in the WorkplaceAn increasing number o companies and organizations are implementing wellness plans to promotehealthier liestyles or their employees, but are these programs overall benecial or the organizations? Joinin or an exploration o the positive nancial benets these plans promote as well as an overview o how to

develop and implement a wellness plan.Rachel BreggWellness Coordinator, CIC Beneft Consulting Group, Cadillac

Brian Cot, LIC, RHULicensed Health Care Consultant CIC Beneft Consulting Group, Cadillac

ea ens

*Qualifes or Accounting & Auditing CPE hours ^Qualifes or Ethics CPE hours CFP credits pending Board approval


7/8

Nee knw - Cnne

R) Affordable Care Act 2013 Overview (part 1)

The Affordable Care Acthas transormed the healthcare industry and will aect virtually every person and

institution in the United States. With the ast-paced implementation and drastic changes the Act brings, it is

imperative you are ready to answer the questions your clients are sure to have. This session provides you with an

overview o the Affordable Care Actand tools to help you explain to your clients the impact it will have on them.

Anthony FracchiaPartner, Altruis Beneft Consulting, Bingham Farms

Robert FracchiaPartner, Altruis Beneft Consulting, Bingham Farms

S)Affordable Care Act 2013 The Nuts and Bolts (part 2)The Affordable Care Actrequires extensive study to ully understand all its important details. As a trustedbusiness advisor, you must be aware o the new tax credits and penalties under the law in order to properlyadvise your clients and companies and assure compliance. Join this session or a detailed explanation o theAct as well as major employer requirements including what the government is doing to guard against raud.

Anthony FracchiaPartner, Altruis Beneft Consulting, Bingham Farms

Robert FracchiaPartner, Altruis Beneft Consulting, Bingham Farms

tAX

T) Federal Tax Change and Reorm

With the constant changes and updates o ederal tax law, it can be difcult or tax practitioners to identiywhich o these issues require their special attention. Dive into the latest ederal tax updates that specifcally

aect you including new IRS rules and regulations, new repair regulations and ongoing tax reorm talk.

Douglas J. Van Der Aa, JDSel-Employed, Byron Center

U) Save or Yoursel and Your Clients Too! Eective Tax Planning andProjectionsIt is important that practitioners have the skills to not only handle clients immediate fnancial needs, but also

the ability to plan and project or uture plans. Receive the latest updates on the 2013/2014 tax-planningenvironment and tips to lower a clients tax liability, ultimately saving them money.

Sam Hodges, CPA, CGMA Managing Member, Sam Hodges & Associates, LLC, Southfeld

technlV) When Let to Our Own DevicesBYOD (Bring Your Own Device) is a current cost-saving method companies implement to avoid having to

purchase or maintain work electronics. Benefts to the employee may include larger sign-on bonuses, and

some experts believe it may help increase employee productivity. While the BYOD system may seem like awin-win, there are many complicated agreements and security measures that must be taken in order to protect

the employer, the employee and inormation in which the employee has access. Join this session or an in-depth

explanation o possible problems, complications and benefts o this program at this timely session.

Robert A. Listerman, CPA, CITRMSPresident, Business Technology Resources, LLC, Kennett Square, PA

Mega conferences are a good way to go for CPE. One-hour time

slots work well for learning and breaks. 2012 Attendee


8/8

Registeronlinetoday!

www.m

ichcpa.org/MEGAL

5480CorporateDriv

e,

Suite200|Troy,

MI48098

248.2

67.3

700|TollFreeinMichigan:855.5

94.4

273

NoN-M

EMbEr

Cost

WitH

E-MAt

EriALs

$275

PAPErM

AtEriALs

(sAME

As2012)

$295

MACPA

MEMbErs

sAvE$100

MEMbEr

CostWitH

E-MAtEriALs

$175

PAPErMAtEriALs

(sAMEAs2012)

$195

C

PEMega

Co

nference

(cmnedwhheAg

neCnfeence)

teday,c

e22,2013

be

WeenPLusH

el,Lanng

New

LowePicewit

hE-mateial

Documents

MACPA Agribusiness Conference