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Northern Lights Council & Chapters
 
Regional Conference

April 20 and 21, 2017

Holiday Inn Airport South
1201 West 94th St
Bloomington, MN 55431

Registration form.

Thursday, April 20th
7:30am - 8:15am Continental Breakfast, Networking, and Registration
8:15am - 8:20am Welcome, Tina Brown, IMA Northern Lights Regional Council President
8:20am - 10:00am Changes to Lease Accounting, Presented by Kari Henry, Sr Mgr, RSM
The FASB has issued updated lease accounting standards, which will significantly change how leases are accounted for and disclosed in your financial statements.
10:20am - 12:00pm Banish Budgets! Managing Your Organization Through Rolling Forecasts, Tami Koopman, Daktronics
Learn the benefits of utilizing rolling forecasts over traditional annual budgeting, how to develop a plan for implementing rolling forecasts in your organization, and how to operate rolling forecasts in a continuous improvement environment, allowing your organization to reap the benefits of a rolling forecast environment even after implementation.
12:00pm - 1:00pm Lunch – Provided – Networking
1:00pm - 2:40pm Lessons from an $8M Fraud, Nathan Mueller, from John D. Freeman CPA, Ltd.
Learn how Nathan committed an $8.5M fraud over four years. After being caught, he pleaded guilty and was sentenced to 97 months in federal prison. He was released in September 2014. Nathan is now the Director of Education for John D. Freeman CPA, Ltd. and has given over 60 speeches to a broad spectrum of groups & organization. He is also co-author of “Lessons From An $8 Million Fraud” published in the Journal of Accountancy. Learn the importance of system controls, processing controls, segregation of duties, and physical safeguards.
3:00pm - 4:40pm Succession Planning and Value Creation - Tom Siders, L.Harris Partners
Two separate topics. Learn how to implement Succession Planning. Attendees will receive a Succession Planning toolkit. In the second half, understand the different value creation drivers that reduce risk, enhance return, or both for your company.
5:00pm - 6:00pm Northern Lights Regional council Board Meeting
6:00pm - 7:30pm Happy Hour – Networking, Appetizers and Drinks
Friday, April 21st
7:30am - 8:15am Continental Breakfast, Networking, and Registration
8:20am - 10:00am Economic Update – King Banaian, Economist & Dean of Public Affairs, St. Cloud State University
Receive an Economic Update for the region with a focus on innovation and entrepreneurship.
10:20am - 12:00pm Cyber Crime Trends – a State of the Union, Presented by Mark Eich, CPA, CISA, Principal, CliftonLarsonAllen
Virtually every industry segment is affected, indeed, any organization that stores personal financial information on the network or conducts online cash management is a potential target. Payment fraud targeting wire transfers, automatic clearing house payments, and credit cards is increasing at an alarming rate. Historically, hacking has been a high risk issue only for banks, but attackers are now targeting all businesses in an effort to access bank funds via online payment methods. This session will describe the threat landscape, discuss regulatory efforts to address the threat, and provide insight on how business leaders can effectively address this emerging threat.
12:00pm - 1:00pm Lunch – Provided – Networking
1:00pm - 2:40pm Ethical Case Winner “Conflict of Interest at Midland Dairy”, Herb Snyder & Nancy Emerson, CPA, North Dakota State University
“Conflict of Interest at Midland Dairy” won the Carl Menconi Case Writing Competition in 2016. The group will go through the case study and discuss responses.
3:00pm - 4:40pm Employment Law Updates - Dan Prokott, Partner, Faegre Baker Daniels
 
Register: By April 12th with attached registration form and pay by April 4th for a discount
Hotel Reservation: We have negotiated a group rate of $94 per night if you choose to stay at the hotel. Call (952) 884-8211 to make reservations and ask for the IMA group rate. The group rate is available until April 8th.
Questions: Tina Brown, tina_brown@cargill.com, 612-910-2748
Larry Zorn, larry.zorn@ecpc.com, 715-830-5899
imanorthernlightscouncil@gmail.com
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