Peninsula/Silicon Valley Chapter Bulletin

A blog for and by a community of professionals

President's Message

Politics and More

September 29, 2008

By Karen R. Goodfriend, CPA/PFS

10_pres_sm.jpgWith the presidential election fast approaching, I find it hard to remember another time when my thoughts were focused on so many political issues. And I don’t mean just the election of our next president. At this writing, we are waiting to hear what actions will be taken by our government to address significant challenges to our financial systems and economy. By the time you read this, we are likely to know much more about the direction our government is headed on this issue. These appear to be historic times, financially and politically.

Besides the national scene, there are legislative matters affecting California CPAs. In fact, your chapter leaders are in the process of meeting with legislators to discuss issues facing CPAs. We are discussing the mobility issue with them in particular. More information on mobility can be found online.

Perhaps you want to get involved, too. It’s good timing for CPAs to build awareness with the legislators who live and vote in their districts. As voters, we have their attention now, while they are running for election and re-election. If you want to know more about how to get involved in politics to help your profession, call CalCPA’s government relations department at (916) 441-5351.

Also, we have a great event coming up in October. The chapter is proud to host a new Student Night, celebrating the winners of our annual chapter scholarship awards and introducing students to our local CPA members and firms. All members are welcome and it should be a good chance to socialize with fellow CPAs in our chapter.

Do you have thoughts or questions about the mobility issue or chapter events? Feel free to comment.

— Karen Goodfriend, CPA/PFS

Chapter News

Student Night

All chapter members are welcome to this new event, celebrating the success of our students. Scholarships will be awarded and our guest of honor is CalCPA Chair Greg Burke.

Thanks to our chapter firms who will be present to network with our future CPAs: Brown Adams LLP, Burr Pilger & Mayer LLP, Frank, Rimerman & Co. LLP, Hood & Strong LLP, Ireland San Filippo, RSM McGladrey and McGladrey & Pullen LLP and Seiler LLP.

Date: Thursday, Oct. 30
RSVP: Online

Emerging Professionals: Career Panel Series a Success!

Emerging Professionals Committee chair Parisa Nesva Derani led a panel discussion on CPA careers during our chapter’s Sept.18 meeting at Notre Dame de Namur University. Panelists included sole practitioner Carol Ach, financial planner James Knight and young professional Anthony Rozenvasser.

More than 50 students attended, and many were involved in the discussion. They asked some good questions, and several commented afterward how much they had learned about the potential of having a CPA license.

This was the second in a series of three programs our Emerging Professionals Committee is presenting at local colleges. The first was in May at College of San Mateo. The final program will be presented at Menlo College in November and will focus on international accounting careers.

CalCPA News

Executive Education

The California CPA Education Foundation has partnered with UCLA to offer the following executive education courses for financial professionals:

Oct. 30: Making Informed Capital Investment Decisions:
Topics include how to select income statement and balance sheet items that are important for valuation; basic theory of project evaluation; using discounted cash flow and no-arbitrage methods of pricing and how to choose between them; making appropriate adjustments for risk; and incorporating tax effects into a valuation. Register online.

Nov. 14: Acting Ethically and Detecting and Preventing Accounting Fraud:
Topics, among others, include, common types of misstatement/fraud; assessing the impact of accounting misstatements; evaluating the effectiveness of internal controls; and developing ethical rules and guidelines for a company, division or operating unit that apply to accounting and finance situations. Register online.

CalCPA Leaders Wanted

If you’re interested in helping shape the next group of CalCPA leaders, nominate a member for the job. Or, if you’re interested in a leadership role, self-nomination is the best way make your interest known.

The CalCPA Nominations Committee is accepting nominations until Dec. 1 for 2009–10 CalCPA officers and council members at large.

Learn more and download an application.

Women’s Leadership Forum

Join CalCPA Dec. 3 for a day of leadership development, professional growth and recognition at the 2008 Women’s Leadership Forum. From tips and strategies for attaining leadership positions within the profession to handling difficult situations, mentoring and public speaking, this event designed by women CPA leaders will feature top speakers dedicated to helping women advance their careers. Register today!

Plus, a lunchtime celebration will feature winners of CalCPA’s first Women to Watch Awards presented in cooperation with the AICPA. Learn more or download a nominations form.

Then join other women as they finish the successful day of networking at the Women’s Leadership Forum with a networking dinner.


Chapter Events
 
Save The Dates

Estate Planning Symposium
This year’s program will be a joint presentation by CalCPA’s Peninsula Silicon Valley and Silicon Valley San Jose Estate and Trust committees.

Date: Tuesday, Jan. 20
Time: 1–5 p.m.
Location: Biltmore Hotel & Suites, Santa Clara
Speakers and Topics: Michael Jones: Transfer and Fiduciary Income Tax Update; Jim Brown: Preparation of Estate and Gift Tax Returns; Jay Creighton: Estate Planning for Unmarried Couples in California; Sonia Agee: Estate Planning for International Clients

 
Committee Meetings

Nonprofit Interest Group
Topic: Internal Controls for Nonprofits: A Continuing Discussion
Date: Wednesday, Oct. 1
Time: 8:30–10 a.m.
Location: Office of Jack Morton; 250 Cambridge Ave., #101; Palo Alto
CPE: 1.5 hours
RSVP: (650) 323-6666 or laarni@lvr.netbox.com

MAP Committee
Date: Tuesday, Oct. 7
Time: Noon
Location: Crowne Plaza Hotel; 4290 El Camino Real; Palo Alto
Cost: Approx. $15
RSVP: Tim McCrone at (650) 948-7180
Note: Attendance will be limited to those with confirmed reservations.

 
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