A Publication of The Alabama Society of Certiﬁ ed Public ... · Launch a capital campaign. ... STRATEGIC PLAN Assess the needs of ASCPA stafﬁ ng for the next ... to get on a soap

The Alabama CPA 1

NEWSLETTER A Publication of The Alabama Society of Certifi ed Public Accountants • August 2007

INSIDE THIS ISSUE

The task forces created at the Leadership Training in May have begun meeting, working toward the goals of the Five Bold

Steps. The Dues Task Force and BuildingTask Force both met on July 24 at the ASCPA offi ce. The Educational Foundation, Communication/Chapter and Legislative task forces will meet in late summer.

Here’s a summary of each task force’s mandate and volunteers:

COMMUNICATION/CHAPTER INVOLVEMENT – INCREASE MEMBER PARTICIPATION TO IMPLEMENT THE FIVE

BOLD STEPSAssist chapters with regular training of offi cers,

speaker’s bureaus, support for community projects, and soliciting of member participation. Create a greater sense of fulfi llment through participa-tion. Communicate the member value in chapter involvement. Identify new leaders. Expand the communications department for improved inter-nal and external communications.

Diane Christy, Jamey Carroll, Don McCleod, Helen Cleondis, Camilla Gould

LEGISLATIVE – IMPACT THE OUTCOME OF LEGISLATION TO PROTECT OUR MEMBERS

Improve relationships between the ASCPA, the State Board of Public Accountancy and the Alabama Legislature. Create an Ala-bama Legislative Day to increase awareness of the ALA/PAC. Anticipate crucial legislative issues through higher visibility and a more proactive approach. Educate the membership on the value of ALA/PAC and increase support levels. Operate ALA/PAC with greater trans-parency, including listing recipients of PAC funds. Provide periodic updates of all legislative efforts in the newsletter and on the web site. Invite legislators to chapter meetings and visit them in their home districts.

Bryan Hassler, Jeannine Birmingham, John Shank, PAC Board, Donald Howell

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41

2

EDUCATIONAL FOUNDATION – STRENGTHEN THE FUTURE OF THE PROFESSION

Review the mission and objectives of the Educational Foundation. Enlist the aid of the AICPA in the creation of a new DVD about funding for the Educational Founda-tion. Launch a capital campaign. Explore ways to create more diversity in the profes-sion and strategies to ensure future succes-sion. Increase the number and dollar amount of scholarships.

Educational Foundation Board, Jeannine Birmingham, Bryan Hassler, Rita Prince, Bill Massey, Brian Barksdale, Doug Logan

5

The task forces created at the Leadership

3

Task Forces Begin Their Work

Task Forces Begin Their Work

5th Annual Industry Conference ............................................................................3

Continuing Education – Cluster Style ....................................................................4

Members in Motion ...............................................................................................5

Alternative Career Options for Baby Boomer Accountants .....................................6

Fifteenth Annual Financial Accounting and Auditing Conference ..........................7

Sandestin CPE Conference Photos ..................................................................... 8-9

State Board News .................................................................................................10

New Members ......................................................................................................11

Huntsville Chapter Puts Offi cer Training into Action ...........................................12

Chapter Snapshot .................................................................................................13

DUES – FUND THEBOLD VISION

Identify the costs for new initiatives of the Five Bold Steps. Compile a “stop doing” list. Determine, through research and polling, the appro-priate level for ASCPA dues. Inform membership of the need for their support.

Charles Watkins, Jeannine Birmingham, Steve Barranco, Steve Moore, Andy Cook, Michael Baker, Michael Kassouf, Roger Bryant, Chuck Adams

BUILDING – EXPLORE OPTIONS FOR FACILITIES TO SUPPORT THE STRATEGIC PLAN

Assess the needs of ASCPA staffi ng for the next 3-5 years through an updated organizational chart and job descriptions. Develop a wish list for a future facility, including training space. Review all options: Renovation to 1103 South Perry? Move to a leased facility? Construction of a customized space? Enlist task force members with contacts within the asso-ciation community and commercial real estate.

Jeannine Birmingham, Aaron Waller, Mark Baker, Michael Kassouf, Lamar Reeves, Phyllis Ingram, Charles Watkins

27368 ASCPA august.indd 1 8/7/07 5:03:08 PM

� The Alabama CPA

The AlAbAmA CPANewsleTTer

Alabama Society of Certified Public Accountants

P.O. Box 5000Montgomery, Alabama 36103

1-800-227-1711334-834-7650www.ascpa.org

OffiCerSCharles L. Watkins, Chair

Marlene M. McCain, Chair-electJ. Brian Barksdale, Vice-Chair

E. Lamar Reeves, Secretary/TreasurerSteven M. Barranco, Past Chair

BOArd Of direCtOrSMichael E. Baker

William Mark BakerRoger F. Bryant

James R.L. CarrollJeanie W. ClaytonR. Andrew CookDarren P. Hipps

Clifton T. JacksonKevin R. KirklandWilliam R. Massey

Rita M. PrinceJohn P. Shank

Terry W. WilhiteAaron K. Waller

Justin K. Clark, Young CPADon McLeod, Young CPA

AiCPA COunCil MeMBerSThomas A. RatcliffeStephen L. MooreCharles L. Watkins

The Alabama CPA Newsletter is published by Ala-bama Society of Certified Public Accountants as a membership service to Society members. Views and opinions appearing in this publication are not nec-essarily endorsed by the ASCPA. The deadline for submitting materials for publication is the first of the month preceding issue date.

Jeannine P. Birmingham, CPA, CAE President and CEO

Diane L. Christy, Editor

message from the Chair...CHARLES WATKINS

Noted humorist and author, Lewis Grizzard had a favorite saying “If you ain’t the lead dog, the scen-

ery never changes.” Today’s accounting profession never has to worry about the “scenery never

changing.” In the July ASCPA Newsletter, Barry Melancon shared with us the “Forces Shaping

the Profession: The Four P’s.” One of the “Four P’s” is that of Private Company Financial Reporting. He

states that one of the forces shaping the profession’s direction is the growing realization that public and

private companies and their constituents do not have the same financial reporting needs. A committee has

been formed jointly by the AICPA and FASB to help FASB determine whether and where there should be

differences between existing and prospective accounting standards for private companies. Our own fellow

Alabama CPA, Dr. Tom Ratcliffe, is a member of this much needed and important committee.

You and I struggle on each and every engagement with applying many of the new standards that seem

to have no relevance to our client. Yet we must, to the best of our professional ability, consider and apply

these standards to our engagement. For many of us dealing with small family-owned businesses, small gov-

ernments, and small not-for- profits the application of these standards is both frustrating and costly to our

firms and the client as well. I recently had the opportunity to talk with one of our distinguished accounting

professors and a past member of the GASB board. He made the observation that “each FASB and GASB

board member should, after five years be required to go into the work force and apply the standards they

had helped to promulgate.”

Have you looked at the new FASB and GASB pronouncements? How about SAS 11�? I don’t know

about your clients but the clients of our firm are not going to understand the changes that are about to take

place. In the words of Dr.Tom Ratcliffe, “What are these folks smoking?” This may not be the time and place

to get on a soap box, but we as a profession (especially we small practitioners) have to voice some concern

over where all of this will end. Most of us represent clients that have limited staff, limited resources, and

haven’t a clue how to make application of the new pronouncements being thrown at them. They are only

interested in our provided them with what is required to satisfy the bank, bonding company, or bond rating

agencies. When will all of this begin to make some kind of common sense for these clients?

As a profession we have to look at the tremendous impact these changes will bring our clients. I hope

you are as outraged and bewildered as I about these issues and will make a commitment to let your voices

be heard. How can we begin? First of all, get involved in the profession-“the more voices, the louder the

sound.” Maybe we haven’t been involved in our local chapter. Let us begin now! Maybe we haven’t kept

current in our reading of the professional literature and publications. Let us begin now! Please don’t mis-

understand where I am coming from. I love the CPA profession as it has been my life’s work and my life’s

enjoyment. But if this great profession is to remain the voice and mainstay of American small business we

have to find our way back to those practices that survived the test of time. One of the “Five Bold Steps”

identified by our ASCPA leadership (in fact it was the number 1 step) was that of local chapter involvement.

Let us become involved in our local chapters and let our voices be heard.

As always I welcome your comments and suggestions as we serve this great profession. You can contact

me at [email protected].

Thank you for your continuing support.


The Alabama CPA 3

5th Annual Industry

ConferenceCahaba Grand

Conference Center September 25, 2007

Registration ..........................................................8:00-8:45

Economic Overview ...........................................8:45-10:15

Mark Thornton, Ph.D., Ludwig von Mises Institute

Break ................................................................ 10:15-10:30

Treasury Management ..................................... 10:30-12:00

Anna Kittinger, Regions Bank

Lunch .................................................................12:00-1:00

Hot topics in technology .....................................1:00-2:30

Carlton Collins, AdvisorCPE

Break ................................................................... 2:30-2:45

Challenges in Employment: .................................2:45-4:30

Immigration, diversity, and training issues

Nick Bouler, Corporate Counsel, BE&K


4 The Alabama CPA

CPE Director Mary Frances Garner had heard about cluster scheduling for a couple of years – the folks at the AICPA

had been telling her that other state societies were having great success with that strategy. With the support of the CPE Committee, chaired by Andy Lee, a cluster was included in the 2006 schedule.

Members attended the fi rst Birmingham clus-ter in record numbers, proving its effectiveness in making the most of members’ time and money. The Gulf Shores cluster in June 2007 generated a signifi cant increase in registrations over 2006, again indicating that the fl exibility of scheduling and variety of seminars makes sense.

Birmingham CPE offerings, at the Pelham Civic Complex, will include two clusters in 2007.

AUGUST 28, 29, 30089 New FASB developments for business &

industry090 Financial forecasting: planning for success091 Effective strategies in dealing with the IRS

Continuing Education Cluster Style

092 Forensic accounting: uncovering scams093 Role of the fi nancial professional094 Annual business law update095 Comp, review and accounting service update096 Annual controller update097 Taxation of LLCs, LLPs, LPs and

partnerships098 FIN 48—Uncertainty in income tax099 Managing outsourcing: is it for you?100 Advanced issues in mergers 101 GASB & FASB update for governments/

non-profi ts102 Cash/tax basis fi nancial statements 103 Innovative tax planning—individuals/sole

proprietors

104 Common frauds in governments/non-profi ts

105 Cash fl ow statements: preparation/presentation

106 Estates and trusts: mastering complex issues

SEPTEMBER 20 AND 21 – MINI CLUSTER149 Internal controls—SAS 112150 Analyzing your company’s fi nancial

statement151 Hottest tax planning developments152 Comp, review and accounting service

update153 Implementing best practices: payables/

receivables154 Select a business structure to match

strategy155 Effi cient small business audits156 Controllers: improving your management

skills157 S Corps: strategic formation 158 Reporting and disclosures for small

businesses159 Coaching improved employee

performance160 Innovative tax tips for individuals

In order to keep prices low, lunch is on your own for the clusters. Registration is $105 per class, with a $30 discount when you register for six seminars. Go to the ASCPA web site for ad-ditional details about the seminars listed above, www.ascpa.org.

CPE Director Mary Frances Garner had 092 Forensic accounting: uncovering scams


CCPE Director Mary Frances Garner had 092 Forensic accounting: uncovering scams

Continuing Continuing EducationEducationCluster Style


We WANT your email address.We NEED your email address.Don’t make us send Ahhnold!TERMINATION is not [email protected]


The Alabama CPA 5

Send your news and accomplishments to Diane Christy at

[email protected] or Alabama Society of Certifi ed Public

Accountants, P.O. Box 5000, Montgomery, Alabama 36103.

Headshot photographs will also be published as space allows.

LET US KNOW WHAT YOU ARE DOING

Jeremiah Moreland

Promotions and New Positions

Jason Lockmiller

William Massey

Jeremiah K. Moreland has been named manager at Aldridge Bor-den & Company. A native of Selma, Mr. Moreland practices in the attestation division of the fi rm where he serves clients in real estate, construction, wholesale, re-tail sales and not-for-profi t health-care. He is a graduate of Auburn University Montgomery (magna cum laude) and was an ASCPA scholarship winner as well as high scorer on the CPA exam.

Colonial Bank announced that Thomas Tynes has been named se-nior vice-president for all compli-ance functions of the bank. With more than 23 years of banking ex-perience Mr. Tynes most recently served as CFO for the consumer banking group at Regions/Am-South Bank. Prior to joining AmSouth in 1993 he was an au-dit manager at Pricewaterhouse-Coopers. He is a graduate of Auburn University where he re-ceived the Alabama Society’s Ac-counting Achievement Award.

MDA Professional Group an-nounced the promotion of Jason Lockmiller to manager and Wil-liam R. Massey to senior manag-er. Joining the fi rm in 2001, Mr. Lockmiller specializes in corporate

Cynthia Hudaon

Auburn University where he re-ceived the Alabama Society’s Ac-counting Achievement Award.

nounced the promotion of Lockmillerliam R. Masseyer. Joining the fi rm in 2001, Mr. Lockmiller specializes in corporate Daniel Brock

Janet Cooke

accounting and control, corpo-rate, non-profi t and governmental auditing and attest services and individual and corporate taxation. Mr. Massey specializes in cor-porate accounting, auditing and attest services and individual and corporate taxation.

Barfi eld Murphy Shank & Smith announced promotions for the following staff: Daniel Brock, Janet Cooke and Cynthia Hud-son were promoted to senior manager. Mr. Brock is a graduate of Birmingham Southern and has been with the fi rm for eight years. He specializes in audit, review and compilation services for clients in the construction, manufacturing and real estate industries. Ms. Hudson has been with the fi rm for two and a half years. She spe-cializes in tax services for closely-held businesses and business own-ers. Matt Andrews, Amy Stapler and Carrie Wood were promoted to manager. Mr. Andrews is a graduate of Troy University and has been with the fi rm for two years. He works in audit services for closely-held businesses in sev-eral industries. Ms. Stapler is a graduate of Auburn University, a member of the fi rm for two and a half years. She provides tax ser- Stacy Cummings

Holly DuBois

Erin Sylvia

M E M B E R SIN MOTION

Kelly J. Todd of Forensic Strategic Solutions, PC has been named to the Accounting Advisory Board of the University of Alabama at Birmingham School of Business. Ms. Todd is not only a UAB alumna but also has been an active guest lecturer and supporter of UAB’s forensic accounting and IT program.

Huntsville CPA Tommy Beason has been named interim director of Sci-Quest, the children’s hands-on science center. He is serving while the center’s Board conducts an executive search for a new director.

The Birmingham Business Journal has announced that Barfi eld, Murphy, Shank & Smith is a fi nalist in the 26-100 employee category for their Best in Business Awards.

Carey Rome of Cypress Resources was named one of the Birmingham Business Journal’s 40 Under 40. He was profi led in the July 13 edition of the BBJ. The program highlights rising business talents.

The Montgomery Independent recently published an article about ASCPA Past Chair Steve Barranco of Wilson Price.

Awards and New DesignationsEdward Schnee, Hugh Culverhouse Accounting Professor and coordinator of the master of tax program at the University of Alabama, has been appointed to the AICPA’s Tax Division’s tax shelter task force. He is a graduate of the City College of New York and has graduate degrees, including a Ph.D. from Michigan State University.

Robert Ferguson of Ferguson Sizemore & Associates of Dothan has been awarded the Accredited in Business Valu-

ation credential by the American Institute of Certifi ed Public Accountants. The credential, established in 1996 by the AICPA, recognizes CPAs with extensive professional experience in business valuation.

Members in the Media

to manager. Mr. Andrews is a graduate of Troy University and has been with the fi rm for two years. He works in audit services for closely-held businesses in sev-eral industries. Ms. Stapler is a graduate of Auburn University, a member of the fi rm for two and a half years. She provides tax ser-Amy Stapler

compilation services for clients in the construction, manufacturing and real estate industries. Ms. Hudson has been with the fi rm for two and a half years. She spe-cializes in tax services for closely-held businesses and business own-ers. and Matt Andrews

Carrie Wood

vices for closely-held businesses in various industries. Ms. Wood was graduated with her master’s degree from Auburn University. She has been with the fi rm for one year. Holly DuBois was promoted to senior accountant. She is an Au-burn graduate and has been with the fi rm for two years. Josh Bow-en joined the fi rm recently as a se-nior accountant. He is a graduate of Troy University.

Wilkins Miller announced the promotion of Stacy Cummings and Erin Sylvia to manager at the fi rm. Ms. Cummings is a graduate of the University of Mis-sissippia and works in tax and litigation services. She is both an offi cer in the Mobile Chapter and a CPA Ambassador. Ms. Sylvia is a Spring Hill College gradu-ate with both her bachelor’s and master’s degrees. She works in tax and auditing.

Edward Schnee,and coordinator of the master of tax program at the University of Alabama, has been appointed to the AICPA’s Tax Division’s tax shelter task force. He is a graduate of the City College of New York and has graduate degrees, including a Ph.D. from Michigan State University.

Dothan has been awarded the Accredited in Business Valu-Edward SchneeThe Birmingham Business Journal has announced that Barfi eld, Murphy, Shank & Smithemployee category for their Best in Business Awards.

Birmingham Business Journal’s 40 Under 40. He was profi led in the July 13 edition of the BBJ. The program highlights rising business talents.

Carey Rome

sissippia and works in tax and litigation services. She is both an offi cer in the Mobile Chapter and a CPA Ambassador. Ms. Sylvia is a Spring Hill College gradu-ate with both her bachelor’s and master’s degrees. She works in tax and auditing.

Josh Bowen

Kelly Todd

Community News

Tommy Beason


� The Alabama CPA

After investing several decades in your ac-counting career, you’ve likely been there and done that. Now that you’ve reached

the boomer years, what’s next? Highly-skilled accountants and finance professionals are in de-mand, and as an experienced practitioner, you can take your pick of various career choices. Do you continue a bit longer in the corporate world or in a CPA firm – enjoying the high salary and top-notch benefits designed to reward you and keep you there – or do you explore other accounting career options?

Most would stay put, citing the benefits and the all-important job security and comfort level. However, in today’s rapidly changing world of corporate governance, Sarbanes-Oxley and other accounting events, boomer accountants are seek-ing other avenues to enhance their bank accounts and quality of life – both professional and person-al. Alternative career options include consulting engagements for large firms, developing start-up accounting or consulting practices or serving as interim financial executives. Another area catching on among a growing number of boomers is project accounting work.

Project accounting offers a tremendous number of opportunities spanning a diverse array of prac-tice areas. Most boomers already have a wealth of senior level experience and can offer tangible value

to clients immediately, which younger talent can rarely replicate. The average boomer accountant has 20-25 years of finance and accounting experi-ence, and there are plenty of opportunities to lever-age this breadth and depth of expertise, especially in Alabama where such a diversity of industries drives the economy. While most boomers have held various accounting leadership positions, some still want to advance their professional lives – and that’s where project accounting work can serve as a viable option.

Project Accounting Work As A ViAble oPtion

The market for project accountants is grow-ing at a steady rate. In Alabama, the demand for project work will outstrip supply, according to Scott Peterson, senior director of project manage-ment at an Alabama professional services firm. Pe-terson, who’s working on a financial restatement engagement in Birmingham, said, “The state is experiencing an overall economic renaissance and Birmingham, in particular, is a very fertile market for project work.”

Many project firms hire boomer accountants, as they minimize turnover and create a stronger group dynamic. Project firms actively seek out this segment of the accounting workforce because of its impressive experience, strong work ethic, willing-

ness to dive deep into an engagement’s details and ability to add tangible client value.

This accounting workstyle offers unique ben-efits not found in a corporate environment. Proj-ect assignments allow for greater range of authority and responsibilities, and often come with less in the way of corporate red tape and bureaucracy. Project work can also serve as a gateway to start-ing your own consultancy firm. However, one the biggest challenges when starting a firm is the fine balance between working the current engagement and soliciting the next project.

The most appealing benefits of project work can be lucrative pay scales, incentives and bonuses, comprehensive and customized benefits packages, increased flexibility of work schedules and diversity and challenge of assignments and practice areas.

benefits of Project Accounting Worklucrative pay scales:

Most boomer accountants looking at project work as a possible career option do not realize how favorable the pay scales can be compared with cor-porate accounting and agency careers. Profession-als can earn just as much, if not more than senior accounting executives with six-figure incomes. An-other attractive aspect – the incentives and bonuses companies offer for meeting or beating project deadlines. The more time sensitive the engage-ment, the higher the pay scales and incentives.

comprehensive and customized benefits packages:

The biggest hesitancy for boomer accountants regarding a project work career is the perceived lack of benefits. But times have changed, and most leading project firms do have comprehensive and possibly even customized benefits packages which are quite competitive with traditional corporate benefits packages. As with any career choice, boom-ers need to fully investigate and compare offered benefits. Packages typically include health coverage – medical, dental, vision – life insurance, 401(k) options, paid time-off and many other features.

flexibility of work schedules:Project accountants can often vacation several

weeks, months or more a year, and still earn as much, if not more than many of their corporate counterparts. While boomers can generally work a standard work schedule, some engagements are very deadline focused and will require long, fluc-tuating hours. Keep in mind that deadline-focused projects can yield accountants very high financial rewards and incentives.

Diversity of assignments and practice areas:Corporate accounting assignments are com-

Alternative Career Options for Baby Boomer Accountants

By: Tony Rich

Continued on page 12

A Member’s PerspectiveRandy Palmer of Cordova is a CPA who has experience in project accounting. For eight years of

his career he offered his services by contract in order to pursue a number of interests outside of accounting. He feels that the concept of project accounting will be even more attractive as time goes on.

“I think it is a very appealing proposition to contract with CPAs who have enormous experience and who are interested in other than ‘meat and potatoes’ accounting. For the business who hires them there is a chance to gain a fresh perspective. Sometimes independence is an issue and a pair of eyes from outside the current client-CPA loop may be helpful. For the individual CPA there is attractive pay, flexibility, diversity of engagements. The downside is the constant need to market your services and to keep the pipeline filled. And something that I found was a fear that the project accountant would poach clients. For me that was far from the case. I didn’t WANT to build a client base, I wanted a series of engagements to offer me the freedom to work when I chose.”

Mr. Palmer mentioned that a critical factor in successfully negotiating the waters of project ac-counting is the creation of very specific boundaries in engagement letters. That way there is no ques-tion about the parameters of the job and neither party feels overwhelmed or unsure about the direction the project will take.

“Once you get the nuts and bolts ironed out, and I think the article here is good about describ-ing those, there are tremendous opportunities available. I think this kind of work would be ideal for women leaving and re-entering the profession as well as the baby boomers targeted here. My advice: take the time to outline carefully the job specifics and to develop trust among the parties. It’s a concept that will work. I’m proof of it.” ________The booming construction business in the Tuscaloosa area has lured Palmer into corporate accounting. Mr. Palmer was featured as a CPA Standout in the September 2004 issue of the Alabama CPA Newsletter.


The Alabama CPA 7

Fifteenth AnnualFINANCIAL ACCOUNTING & AUDITING CONFERENCE

Sponsored byALABAMA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS

andDEPARTMENT OF ACCOUNTING AND FINANCE

AUBURN UNIVERSITY MONTGOMERY

Taylor Center • Auburn University Montgomery • Montgomery, Alabama

FRIDAY, SEPTEMBER 21, 2007

MORNING SESSIONS

8:00 – 8:30 a.m. Registration

8:30 – 8:40 a.m. Welcome and Introductions

8:40 – 10:15 a.m. PCAOB Update and Auditing Standard No. 5 Sharon Virag, Associate Chief Auditor, PCAOB - Washington D.C.

10:15 – 10:30 a.m. Break

10:30 – 12:00 noon Audit and Attest Standards Update Mike Glynn Technical Manager – Audit and Attest Standards, AICPA

LUNCHEON

12:00 – 1:15 p.m. Lunch and Luncheon Program Charles L. Watkins, CPA President, ASCPA

AFTERNOON SESSIONS

1:15 – 2:30 p.m. SSARSs Update Mike Glynn Technical Manager – Audit and Attest Standards, AICPA

2:30 – 2:45 p.m. Break

2:45 – 3:45 p.m. FASB Update Jeong Youn Kim, Ph.D. Visiting Professor, Auburn University Montgomery

3:45 – 4:45 p.m. The Indirect Impact of Sarbanes-Oxley on Audits of Nonprofi t Organizations David Sexton, Controller, Boys and Girls Clubs of America

$150 for members, $200 for non-members

www.ascpa.org


� The Alabama CPA

S A N D E S T I N C P E C O N F E R E N C E – 2 0 0 7


The Alabama CPA �

S A N D E S T I N C P E C O N F E R E N C E – 2 0 0 7


10 The Alabama CPA

sTATe bOArD News...FRom J. LAmAR HARRIS, CPA, ExECuTIvE DIRECToR

APril-MAY 2007 CPA eXAMinAtiOnGrades from the April-May �007 CPA Examination were mailed to candidates on July 10, �007. There were ��5 total candidates who sat for a total of 41� sections of the examination and passed �07 sec-tions for a section-passing rate of 50.�4%. The ��5 total candidates were comprised of 4� first-time and �3� re-examination candidates. A total of �� candidates passed. There were 40 candidates who passed section(s) to receive credit status; 57 candidates who passed section(s) to improve their credit status; and 1�� candidates who passed no sections to remain status quo. There were 17� candidates who sat for one sec-tion of the examination; �� candidates who sat for two sections of the examination; 15 candidates who sat for three sections of the examina-tion; and three candidates who sat for four sections of the examination. No candidates sat and passed all four sections of the examination.

AlABAMA nAtiOnAlSeCtiOn PerCent PASS PerCent PASS

AUDIT 50.00% 4�.35%

BEC 4�.�1% 4�.0�%

FAR 47.0�% 4�.3�%

REG 5�.7�% 47.��%

julY -AuguSt 2007 CPA eXAMinAtiOnTesting for the July-August �007 CPA Examination began on July �, �007 and will close on August 31, �007. During the month of Sep-tember �007, testing will be closed for systems and databank mainte-nance. We anticipate receiving and distributing the grades from the July-August �007 CPA Examination between October 1 and October 1�, �007.

OCtOBer-nOVeMBer 2007 CPA eXAMinAtiOnTesting for the October-November �007 CPA Examination will be-gin on October 1, �007 and close on November 30, �007. During the month of December �007, testing will be closed for systems and databank maintenance. We anticipate receiving and distributing the grades from the October-November �007 CPA Examination between January � and January 11, �00�.

We accept submission of CPA Examination Applications during any month of the year. If you have questions, please contact Anna Baker at the Board office at 334-�4�-5700 or in-state 1-�00-435-�743. CPA Examination Application Forms, Application Instruc-tions, and CPA Examination Qualifications may be downloaded from our website at http://www.asbpa.alabama.gov. We highly recommend that each CPA Examination Candidate review the “Test Tips For CPA Candidates” and “CPA Candidate Bulletin and Test Tutorial and Sim-ulations” on the Exam Applications page of the Board’s website.

CPA eXAMinAtiOn fee inCreASeSEffective September 1, �007, CPA Examination candidate fees are scheduled to increase. These fee increases are required to offset the added costs for computer delivery of the CPA Examination. These increases will apply to candidates whose Authorizations to Test are submitted to the National As-sociation of State Boards of Accountancy’s National Candidate Database on or after September 1, �007.

The current and increased candidate fees for the CPA Examination are as follows.

nOn-refundABle feeS effeCtiVe Current SePt. 1, 2007

Initial Application or Transfer of Credits $100 $100

Re-examination Application $50 $50

Auditing and Attestation $1�5 $�15

Financial Accounting and Reporting $1�5 $�05

Regulation $1�0 $1�0

Business Environment and Concepts $150 $170

Applications from initial candidates usually take longer to process than appli-cations from re-examination candidates. Therefore, to ensure that the current fees will be acceptable for initial applications, we recommend initial candidates submit their applications to the Board on or before August 1, �007. We recom-mend that re-examination candidates submit their applications to the Board on or before August 1�, �007, to ensure that the current fees will be acceptable for re-examination applications. All CPA Examination candidates submitting appli-cations to the Board on or after September 1, �007 must pay the increased fees.

2006-2007 regiStrAtiOnSCompleted individual and firm registration forms for �00�-�007, along with the appropriate fees, were due in the Board office on October 1, �00� and delinquent after December 31, �00�. Licensees who have not already filed are extremely delinquent and encouraged to file as soon as possible. A late renewal penalty of $500.00 is due for renewals postmarked April 1, �007 through Sep-tember 30, �007. After that date, disciplinary actions ensue for any unpaid fees, late renewal penalties, or CPE deficits. If you have questions concerning your �00�-�007 registrations, please contact the Board office. You may also visit our website and download individual and firm registration forms and in-structions or register on-line. The link to the on-line registration form can be found on the Board’s website at www.asbpa.alabama.gov/registration.htm.

2007-2008 regiStrAtiOnSIndividual and firm registration forms for �007-�00� are scheduled to be mailed to licensees on August �3, �007. These completed forms for �007-�00�, along with the appropriate fees, will be due in the board office on October 1, �007 and delinquent after December 31, �007.

AddreSS CHAngeSBoard rules require that all licensees keep us advised of any change of address and/or change in business affiliation. Such changes must be in writing and ei-ther mailed or faxed (334-�4�-�711) to the Board office. You may also submit such changes electronically by visiting the Board’s website and completing the On-Line Change of Information Form found on the “Contact Us” page.


The Alabama CPA 11

WE welCOme NEW mEmBERSAshley D. Hughes, CPA ....................... MontgomeryCandiace L. Hughes, CPA ........................ HuntsvilleMatthew J. Hunter, CPA ........................ JacksonvilleKristie E. Ingram, CPA .........................BirminghamRebekah L. Ismail, CPA ..............................PrattvilleJamie L. Jones, CPA ..............................BirminghamWiley D. Kendrick, CPA .........................Point ClearYoung J. Kim, CPA .............................. MontgomeryChristopher M. Kimbrell, CPA ................ TuscaloosaValarie L. King, CPA ...................................MadisonJeffrey S. Korotky, CPA ............................ HuntsvilleKatherine L. Krack, CPA .......................BirminghamTimothy L. Kroese, CPA .....................Orange BeachKaren F. Lange, CPA ................................... FlorenceLauren H. LeCroy, CPA ........................... TuscaloosaRobert R. Letson III, CPA .....................BirminghamMichael T. Liebel, CPA .......................... Gulf ShoresTroy A. Lugo, CPA ................................BirminghamJay A. Lurie, CPA ..................................BirminghamJeffery S. Lusk, CPA ..............................BirminghamBernard Mays Jr, CPA ...........................BirminghamL. B. McClure, CPA ............................... HomewoodElizabeth N. McDowell, CPA............ Thornton, COJulie K. Merritt, CPA .............................. WetumpkaRyan D. Miller, CPA .............................BirminghamKristi D. Moore, CPA .............................. TuscaloosaKatherine R. Murphy, CPA ........................... Sterrett

Steven F. Bailey Jr, CPA ........................ MontgomeryShana N. Balch, CPA .................................. FlorenceJennifer P. Ballard, CPA ............................ TuscaloosaNancy L. Barbee, CPA .................................. MobileLisa Bennich, CPA ......................................CullmanPatrick T. Browne, CPA .........................BirminghamRyan J. Campbell, CPA, MAcc........................ToneyJoseph L. Cawood, CPA ........................BirminghamBret D. Cloud, CPA ..............................BirminghamSara C. Cothran, CPA ...........................BirminghamMark A. Crain, CPA, CIA .............................HooverKeith E. Davidson, CPA ............................... MoodySharna L. Dixon, CPA.................................PrattvilleDonielle P. Dubose, CPA.......................BirminghamTristan R. Early, CPA ............................BirminghamPaul A. Ebert, CPA ................................BirminghamCharles B. Freeman II, CPA .......................... MoodyMorgan O. Gargis, CPA ......................... HomewoodMeredith B. Gay, CPA ................................. VestaviaBedford K. Goodwin IV, CPA ...............BirminghamDaniela J. Goyer, CPA .................................MadisonKathryn E. Green, CPA .........................BirminghamArlene P. Gunn, CPA ........................... MontgomeryPatrick M. Halfhill, CPA ................... Tallahassee, FLRebecca L. Hargraves, CPA ..................Marietta, GAAlexander J. Holt, CPA .........................BirminghamRebecca L. Horn, CPA, MAcc ...............Birmingham

Johona M. Nelloms, CPA ..............................HooverHeather M. Oates, CPA ..............................PrattvilleCynthia D. Page, CPA ................................... PelhamRobert L. Radford, CPA ....................... MontgomeryWilliam Z. Riddle, CPA ........................BirminghamBerlin J. Robbins III, CPA .....................Atlanta, GAAmanda M. Saint, CPA .........................BirminghamTrenton P. Shepherd, CPA ........................ TuscaloosaJames T. Smith, CPA .............................BirminghamLauren B. Smith, CPA .......................... MontgomeryRachel N. Soper, CPA .......................... MontgomerySandra L. Stevens, CPA .......................... Gulf ShoresCharles A. Sullins Jr., CPA ....................... HuntsvilleChristopher G. Tillman, CPA .......................HooverCheryl R. Van Tuyl, CPA ..............................AuburnKevin L. Vest, CPA ......................................PrattvilleRichard A. Wehby Jr, CPA, EA .............BirminghamYoun Myung Whang, CPA, MBA ............ HuntsvilleChristopher W. White, CPA, MBA ....... ColumbianaErin L. Williams, CPA ................................VandiverAdam S. Winger, CPA, ..........................Atlanta, GAShane M. Withey, CPA, ...........................AlbertvilleCarrie R. Wood, CPA ............................BirminghamTodd C. Wood, CPA .........................Mandeville, LAAngela R. Zacchini, CPA...................... Forest Home


12 The Alabama CPA

Chapter Community ServiCe Challenge East Alabama charges ahead

At the chapter officer training on May 9, Chair Steve Barranco threw down the (work) glove challenging chapters to organize a com-

munity service project. He made several suggestions and others were brainstormed by the group.

East Alabama Chapter, under the capable leadership of Aaron Waller, has decided that the Lee County Humane Shelter will benefit from their project this summer. The chapter will collect needed supplies at meetings and make a presentation in the fall.

A big salute to East Alabama for their “get ‘er done” attitude.

huntsville Chapter puts officer training

into actionWasn’t it Forrest Gump whose mama told him that “Life is like a box

of chocolates – you never know what you’re going to get”? When starting a new program – such as chapter officer training – you don’t really know what will happen as the glow of the day wears off. The Huntsville Chapter has shown that the box of chocolates is Godiva.

They’ve put together a series of chapter goals that are simple, should not be hard to achieve, and tackle some key issues common to all chap-ters:

NetworkiNg:In addition to planning a bankers/attorneys after hours social, they want to promote the activities of the Young CPAs with increased participation and social activities.

CPA:Include a 1/2 day of CPE for chapter members.

BoArd of direCtors:Elect a new Board representative, increasing involvement from new volunteers.

CommuNity serviCe ChAlleNge:Come to the next meeting with an idea for a community service project.

iNCreAse memBer PArtiCiPAtioN:Circulate a list of chapter members to partners of local firms. Recom-mend ASCPA membership for CPA candidates and support their involvement at the chapter level.

None of these plans is costly, but they will require a commitment of time and energy. A big tip of the ASCPA cap to the Huntsville Chapter for their efforts to make chapter involvement a priority for members.

monly general in nature and typically do not cover a wide range of practice areas. In project work, however, accounting assignments change often. Ac-countants can cycle in and out of different practice areas and work with clients throughout a number of different industries.

For example, a project accountant could work a six-month Sarbanes-Oxley engagement, then perform due diligence for a private equity firm or serve as a senior interim controller for another client. Some of the practice areas com-monly in demand include:

• General accounting and financial reporting• Sarbanes-Oxley• Internal audit• Mergers and Acquisitions• Accounting system implementations

Bottom liNeBoomer accountants are in high demand. The project accounting niche

allows professionals to be the stars and provide significant added-value for cli-ents. Project work offers the opportunity to work with numerous high-pro-file clients on a variety of intriguing and challenging engagements. While the hours and lifestyle are not as predictable as in the corporate setting, it enables boomer accountants to continue with a “second-career” and experience a slice of professional diversity. Furthermore, after working 20-30 years in the same field, a little variety may be just what the doctor ordered to add some zest to those boomer accountant years.______Tony Rich is a co-founding partner of Callaway Partners, www.callawaypartners.com, an accounting and finance professional services firm based in Atlanta, Georgia with offices in Birmingham, Alabama, Detroit and Washington, D.C. He can be reached at [email protected] or 770-730-0901.

alternative Career options for Baby Boomer accountants

Continued from page 6

BookS CountYou still have time to bring in your donationsClean out those closets, beg books from friends and family, offer to unload uncle Bob’s storage unit.

the Alabama Boys’ and girls’ Clubs will benefit from your efforts.

take books to a chapter meeting, CPe seminar or upcoming conference.

Thanks from the Young CPAs and Alabama’s children.


The Alabama CPA 13

Lucy TrousdaLe North Alabama

Chapter

CHAPTERSNAPSHOT

I grew up in a small town outside Florence – Leighton – and still live there today. The claim to fame for Leighton is that it is the home of the Colbert County High Indians – known in athletic circles for state championship football, basketball and

baseball and professional athletes Ozzie Newsome [UA and the NFL] and Leon Douglas [UA and the NBA]. Leighton is also the home of Percy Sledge. I am married to Troy Trousdale and have two children, Tim Trousdale and Anna Trousdale Clark, and two grandsons.

I received a B. S. from the University of North Alabama with degrees in accounting and finance. I also have a Master of Professional Accountancy from Mississippi State University.

I realized I wanted to be an accountant while a senior at Colbert County High. I took bookkeeping as an elective because I thought it would be easy and I wanted to have an easy senior year. I loved it from the start and knew immediately I wanted to be an accountant. Initially, I thought I wanted to teach at the college level. After a couple semesters of that I realized that public accounting and, more specifically, tax were for me. Our practice is solely a tax practice, which I find enjoyable and challenging.

Our favorite hobby is the grandchildren and we spend every minute possible with them. They are 1� months and 10 months old and very much the boss at Papa and Mimi’s house. A perfect afternoon is when both the grandchildren are playing with us on the farm. In addition to enjoying them, my family raises and shows Tennessee Walking Horses. Everyone rides except me (it scares me) so I enjoy the horses only from ground level. In the spring I do love the arrival of a new crop of baby horses. When I ride it’s the four-wheeler or a bicycle. My husband and I began to ride bicycles several years ago and have now stretched our endurance to a 50 – �0 mile jaunt. We also enjoy classic cars. Our pride and joy is a 1��5 Corvette which we have kept all these years. In the early 1�70’s it was our “family car”!

As a volunteer I am involved with the Northwest Alabama Chapter of the American Red Cross and serve as chair of the Audit Committee. I am currently the treasurer of both the University of North Alabama National Alumni Association and the Children’s Museum of the Shoals. I sit on the finance committee of the Chamber of Commerce of the Shoals. My husband and I are also very involved with a fund raiser for St. Jude Children’s Hospital – a trail ride. This ride is now the largest in the nation and in �00� we were able to send $��,000 to St. Jude from this event.

I think local Chapter involvement is important as an opportunity for CPAs to promote the profession and to network and support each other. In fact increasing membership networking and involvement are my goals for the upcoming year. Another goal is to promote our profession by becoming more involved in local school systems, both in high school and at UNA. Our firm currently speaks to the Principles of Accounting students at UNA about opportunities in the profession but I would like to see this program expanded at UNA and begun in local high schools. Along with creating heightened interest in the profession I would like to increase the chapter scholarship to $�,500. We are honored to have chapter member Charles Watkins become ASCPA chair this year. Since “one of our own” has attained this level of leadership, we will have a special supporting role to play.

•AntHOnY d. lOneS

Huntsville, AlabamaOctober 13, 1�55 – June ��, �007

Certificate #�400•

geOrge leVert lAWrenCe

Tuscaloosa, AlabamaAugust �7, 1�3� – July 3, �007

Certificate #1�1� •

HuBert e. PACk Langston, Alabama

July 10, 1��3 - July 15, �007Certificate #3�3

IN memOrIAm


14 The Alabama CPA

036* 08/01/07 AA Auditing internal Control Over financial reporting Birmingham $265 $215037 0�/01/07 TX Fiduciary Income Tax Returns - Form 1041 Workshop Birmingham $��5 $�1503�* 0�/01/07 AA Auditor’s Risk Assessment Process: Tackling the New Risk Assessment SASs Montgomery $��5 $�15039 08/01/07 tX the top 50 Bloopers and Blunders and How to fix them: estate Planning and Administration Montgomery $265 $215040 08/02/07 AA tech tools for Preventing and detecting fraud Birmingham $265 $215041* 08/02/07 AA internal Control deficiencies: Assessment and reporting under SAS 112 Birmingham $265 $21504� 0�/0�/07 TX Comparing and Contrasting the Tax Aspects of S Corporations, Partnerships, C Corporations, Mobile $��5 $�15

Sole Proprietorships, and LLCs043 08/02/07 AA introduction to Bank Accounting and Auditing Mobile $265 $215044 0�/03/07 TX Tax Update - Barebones by Patrick D. Kelley Birmingham $175 $1�5045 08/03/07 Other Pension and Benefit Plans for Owners and executives Birmingham $265 $215046 08/06 - 08/08 AA AiCPA/AHi Staff training-Basic Birmingham $625 $575047* 08/07/07 tX Basis/distributions for Pass-through entities: An irS Hot Spot Birmingham $265 $21504� 0�/07/07 AA �007 Community Banking Update Birmingham $��5 $�1504�* 0�/0�/07 AA Identifying Fraudulent Financial Transactions Birmingham $��5 $�15050 0�/0�/07 TX The Best Estate Planning Update Course by Surgent McCoy Birmingham $��5 $�15051 0�/0�/07 AA Best Practices and Current Update for Today’s Compilations and Reviews Huntsville $��5 $�1505� 0�/0�/07 TX The Complete Guide to Fringe Benefits Huntsville $��5 $�15053 08/09/07 AA tax, Cash and Modified Cash Basis financial Statements and Other Alternatives to gAAP (OCBOA) Birmingham $265 $215054 08/09/07 Other excel Hand’s On - Practice (Bring Your Own laptop) Birmingham $265 $215057 08/10/07 AA4/Other4 QuickBooks 2007 for CPAs - update with intermediate & Advanced features Birmingham $265 $21505� 0�/10/07 AA Disclosure - The Key to Financial Statements Tuscaloosa $��5 $�150�0* 0�/10/07 TX Multi-State Income Tax: Mastering the Complexities Tuscaloosa $��5 $�150�1 0�/13/07 AA FASB Update by Dr. J. Stephen Grice Birmingham $175 $1�50�� 0�/14/07 CS How To Be A More Intelligent Investor Birmingham $��5 $�150�3 0�/14/07 TX The Best Income Tax, Estate Tax, and Financial Planning Ideas of �007 Birmingham $��5 $�150�4* 0�/15/07 AA Advanced Auditing of HUD-Assisted Projects Birmingham $��5 $�150�5 0�/15/07 TX Small Business Retirement Plan Review: New Roth 401(k)s, KEOGHs, Traditional 401(k)s, IRAs, SEPs, and SIMPLEs Birmingham $��5 $�150�� 0�/1�/07 AA4/TX4 Advanced Accounting and Tax for Construction Contractors Birmingham $��5 $�15067* 08/16/07 Mg Advanced Controller and CfO Skills Birmingham $265 $215068* 08/16/07 Other Microsoft Office 2007 for CPAs - intermediate & Advanced Coverage dothan $265 $2150��* 0�/1�/07 AA Accounting for Income Taxes: Applying SFAS No. 10� Dothan $��5 $�15070* 0�/1�/07 AA Not-for-Profit Accounting & Reporting: From Start to Finish Huntsville $��5 $�15071 0�/1�/07 TX Complete Strategies for Maximizing Contributions, Rollovers, Distributions, and Estate Planning of IRAs, Huntsville $��5 $�15

Roth IRAs, SIMPLEs, and SEPs072 08/17/07 Other Microsoft Office 2007 for CPAs - intermediate & Advanced Coverage Birmingham $265 $215073* 08/17/07 Mg AiCPA’s Annual Business law update Birmingham $265 $215074* 0�/17/07 TX Advanced Tax Issues for Federal Payroll Taxes, Benefits and Form 10��s Montgomery $��5 $�15075* 0�/17/07 AA Governmental and Nonprofit Annual Update Montgomery $��5 $�1507� 0�/�1/07 TX Tax Update - Barebones by Patrick D. Kelley Dothan $175 $1�5077* 0�/��/07 MG AICPA’s Annual Update for Controllers Huntsville $��5 $�1507� 0�/��/07 TX Surgent McCoy’s Advanced Critical Tax Issues for Limited Liability Companies and Partnerships Huntsville $��5 $�15079 08/23/07 Other Paperless Office Birmingham $265 $2150�0* 0�/�3/07 TX Form ��0: AICPA’s Answer to Unlocking the Tax Complexities Birmingham $��5 $�150�1* 0�/�3/07 AA Audits of 401(k) Plans Mobile $��5 $�150�� 0�/�3/07 TX Surgent McCoy’s Advanced Critical Tax Issues for Limited Liability Companies and Partnerships Mobile $��5 $�15083 08/23/07 AA A tax Practitioner’s guide to Accounting and reporting issues tuscaloosa $265 $2150�4 0�/�3/07 TX The Best Estate Planning Update Course by Surgent McCoy Tuscaloosa $��5 $�150�5 0�/�4/07 AA Changing Your Audit Strategy for the New Risk Assessment Standards Birmingham $��5 $�15086 08/24/07 tX Within the red Zone of Your retirement: tax Planning Strategies for getting to the goal line Without fumbling Birmingham $265 $215087 08/24/07 Other Advanced QuickBooks Montgomery $265 $2150�� 0�/�4/07 TX Surgent McCoy’s �007 Annual Tax Planning Guide for S Corporations, Partnerships, and LLCs Montgomery $��5 $�15184 08/27/07 AA Annual update Barebones for Accountants and Auditors Huntsville $175 $125089 08/28/07 AA new fASB developments for Business & industry B’ham-AM $170 $120 0�0 0�/��/07 MG Financial Forecasting: Planning for Success B’ham-AM $170 $1�0 091 08/28/07 tX effective Strategies in dealing with the irS B’ham-AM $170 $120 0�� 0�/��/07 AA Forensic Accounting: Uncovering Schemes and Scams B’ham-PM $170 $1�0 093 08/28/07 Mg ready-Aim-fire:role of the financial Professional in a Competitive environment B’ham-PM $170 $120 094 08/28/07 Mg Annual Business law update B’ham-PM $170 $120 095 08/29/07 AA Compilation, review and Accounting Service update B’ham-AM $170 $120 0�� 0�/��/07 MG Annual Update for Controllers B’ham-AM $170 $1�0 0�7 0�/��/07 TX Taxation of LLCs, LLPs, LPs and Other Partnerships B’ham-AM $170 $1�0 098 08/29/07 AA fin48 - uncertainty in income taxes: A Must know for tax CPAs and Accountants/Auditors! B’ham-PM $170 $120 099 08/29/07 Mg Managing Outsourcing Activities: is it for You? B’ham-PM $170 $120 100 0�/��/07 TX Advanced Issues in Mergers, Acquisitions and Sales of Closely-Held Businesses B’ham-PM $170 $1�0 101 0�/30/07 AA Annual Update of GASB and FASB Activities for Governments and Not-For-Profits B’ham-AM $170 $1�0 10� 0�/30/07 AA Cash and Tax Basis Financial Statements-Alternatives to GAAP & Reporting Requirements B’ham-AM $170 $1�0 103 08/30/07 tX innovative tax Planning for individuals and Sole Proprietors B’ham-AM $170 $120 104 08/30/07 AA So that’s How they do it! Common frauds found in governments and not-for-Profits B’ham-PM $170 $120

ASCPA COnferenCeS 2007FAAC September �1 15th Annual Financial Accounting and Auditing Conference Montgomery $�00 $150IND September �5 5th Annual Industry Conference Birmingham $��5 $175AFTC November 15-1� �1st Annual Federal Tax Clinic Tuscaloosa NA NAGAAF December 5-� �0th Annual Governmental Accounting & Auditing Forum Birmingham $��5 $�15

field of non-Member Member no. date(s) Study title location fee fee

VieW tHe COMPlete CPe SCHedule At WWW.ASCPA.Org

C P e C A l e N D A r 2 0 0 7


The Alabama CPA 15

105 08/30/07 AA CashFlowStatements:PreparationandPresentationOptions B’ham-PM $170 $120106 08/30/07 TX EstatesandTrusts:MasteringComplexIncomeTaxIssues B’ham-PM $170 $120107 08/31/07 TX CompleteStrategiesforMaximizingContributions,Rollovers,Distributions,

andEstatePlanningofIRAs,RothIRAs,SIMPLEs,andSEPs Dothan $265 $215108* 08/31/07 AA6/TX2 ConstructionContractors:Accounting,AuditingandTax Dothan $265 $215109 08/31/07 TX TaxUpdate-BarebonesbyPatrickD.Kelley Huntsville $175 $125110 08/31/07 Other Excel2007forIntermediateUsers-EssentialFunctionality Mobile $262 $215111* 08/31/07 TX LLCandPartnershipTaxation:BeyondtheBasics Mobile $265 $215112 09/04/07 Other AdvancedExcel Birmingham $265 $215113 09/04/07 TX TheTop50TaxBloopersandBlundersinRealEstateInvestmentsandHowtoFixThem Birmingham $265 $215114 09/05/07 Other MicrosoftOfficeAccounting Montgomery $265 $215115* 09/05/07 AA FrequentFraudsFoundinGovernmentsandNot-For-Profits Montgomery $265 $215116* 09/05/07 AA AuditWorkpapers,FormsandChecklists:AvoidtheDocumentationTrap Tuscaloosa $265 $215117 09/05/07 TX HowToBeattheIRSLegally:TaxPlanningandStrategiesforIndividuals Tuscaloosa $265 $215118 09/06/07 AA AccountingandAuditingUpdateBarebones Dothan $175 $125119 09/07/07 TX AlabamaSalesandUseTaxGuideforCPAsbyBruceP.Ely Birmingham $265 $215120* 09/07/07 AA 2007RevisedYellowBook:GovernmentAuditingStandards Birmingham $265 $215121 09/07/07 Other ExcelFinancialReporting&Analysis Mobile $265 $215122 09/07/07 TX TheTop50BloopersandBlundersandHowtoFixThem:EstatePlanningandAdministration Mobile $265 $215123 09/10/07 Other SupplyChain&InventoryManagement-EmphasisonSystems&Strategies Birmingham $265 $215124 09/10/07 TX SurgentMcCoy’sAdvancedCriticalTaxIssuesforSCorporations Birmingham $265 $215125* 09/11/07 AA AccountingServices,CompilationsandReviews:SolvingtheDocumentationRiddle Birmingham $265 $215126 09/11/07 TX FederalEstateandGiftTaxReturns-Forms706and709Workshop Birmingham $265 $215127 09/11/07 AA4/Other4 QuickBooksforCPAs2007-Intermediate Huntsville $265 $215128* 09/11/07 TX InnovativeTaxPlanningforIndividualsandSoleProprietors Huntsville $265 $215129* 09/12/07 AA FIN46RVariableInterestEntityConsolidationRules:NotJustaBigCompanyIssue! Birmingham $265 $215130 09/12/07 TX AdvancedFederalIncomeTaxationofEstates,Trusts,andBeneficiaries,andAdvanced1041ReturnPreparationIssues Birmingham $265 $215131* 09/12/07 MG LeanAccountingandManagement:ImprovingProfitabilitybyStreamliningOperations Montgomery $265 $215132 09/12/07 TX SurgentMcCoy’sAdvancedIndividualIncomeTaxReturnIssues Montgomery $265 $215133* 09/13/07 MG Controllership:LeadingEdgeofCorporatePerformance Birmingham $265 $215134 09/13/07 TX FederalTaxationofTimberGrowers Birmingham $265 $215135 09/13/07 AA AccountingandAuditingUpdateBarebones Mobile $175 $125136* 09/14/07 TX SalesandUseTax:GuideToDoingItRight Dothan $265 $215137* 09/14/07 AA CashFlowStatement:Preparation,PresentationandUse Dothan $265 $215138 09/14/07 TX SocialSecurity,Medicare,andPrescriptionDrugRetirementBenefits:WhatEveryBabyBoomerNeedstoKnowNow Mobile $265 $215139* 09/14/07 AA ForensicsandFinancialFraud:RealWorldIssues&Answers Mobile $265 $215140 09/17/07 CS LeadershipSecretsofFootball’sMasterCoaches Birmingham $265 $215141 09/17/07 TX TheTop50BloopersandBlundersandHowtoFixThem:IndividualTaxandFinancialPlanning Birmingham $265 $215142 09/18/07 CS HowtoExplainandPresentFinancialInformationtoNon-Accountants Birmingham $265 $215143 09/18/07 TX SurgentMcCoy’sCaseStudiesintheLifeCycleofaClosely-HeldCCorporation Birmingham $265 $215144 09/18/07 AA AccountingandAuditingUpdateBarebones Montgomery $175 $125145 09/19/07 TX AlabamaSalesandUseTaxGuideforCPAsbyBruceP.Ely Huntsville $265 $215146* 09/19/07 AA EmployeeBenefitPlans:AuditandAccountingEssentials Huntsville $265 $215147* 09/20/07 AA AdvancedUpdateforCompilationandReview Dothan $265 $215148 09/20/07 TX ComparingandContrastingtheTaxAspectsofSCorporations,Partnerships,CCorporations,SoleProprietorships,

andLimitedLiabilityCompanies Dothan $265 $215

Fieldof Non-Member MemberNo. Date(s) Study Title Location Fee Fee

C P E C a l E n d a r 2 0 0 7

Fill out the form completely. Please Type or Print

Name ________________________________________________

Alabama Certificate # __________________________________

AICPA Membership #____________________________________

Badge Name __________________________________________

Firm __________________________________________________

Street Address__________________________________________

City/State/Zip __________________________________________

Phone ( ) __________________ Fax ( ) ______________

Email ________________________________________________

Date____________________ No. _____________ Title ________________________________________________________________

Location______________________ Fee________ ❐$50 Non Member Fee ❐ $25 Late Fee Total Enclosed $________________

I am a member of the Alabama Society of CPAs ❐ Yes ❐ NoLate fee applies 10 calendar days prior to seminar.

I am a member of the AICPA ❐ Yes ❐ No I am a member of the ____________________State Society

There will be no refunds for cancellations made within (10) ten calendar days; please find a substitute to attend in your place. Registrations must beaccompanied by the total payment. Please make checks payable to: Alabama Society of CPAs • P.O. Box 5000 • Montgomery, AL 36103-5000Phone (334) 834-7650 • 1-800-227-1711 • FAX (334) 834-7310. Confirmation sent via email or postcard. NL

Special Services: ❐ Please check here if you are disabled andrequire special services. Attach a written description of needs.

CPE Registration Form or register online at www.ascpa.orgPlease use photocopies of this form for additional registrations

Method of Payment: ❐ Check Enclosed ❐ MasterCard ❐ Visa❐ Discover ❐ American Express

Credit Card # ____________________________________________

Expiration Date __________________________________________

Cardholder’s Name ______________________________________

Cardholder’s Address ______________________________________

Signature ______________________________________________

(*)asterikindicatesAICPAseminar/Thisisan8hourAICPAcourse,youmaytakeadvantageofa$30.00discountappliedtotheASCPAcoursefeeifyouareanAICPAmemberRegisterforsix(6)AICPAClustersandreceiveaone-time$30.00discount/Latefeeof$25applies10calendardaysbeforeeacheventdate/NewCoursesareinBoldType


16 The Alabama CPA

Presorted StdUS Postage

PAIDPermit No. 131

Montgomery, AL The Alabama Society of Certifi ed

Public Accountants 1103 South Perry Street

P.O. Box 5000Montgomery, AL 36103

Address Service Requested

A U G U S T 2 0 0 7

WANTED: Mobile fi rm needs a CPA/accountant with minimum 2 years public accounting experience in corpo-rate tax and accounting. Experience with Creative Solutions accounting and tax software and Quickbooks a heavy plus. Full-time with excellent pay and benefi ts including health insurance and 401(k). Flex time available June to December if desired. Salary DOE. Non-smoking offi ce. Resume con-fi dence guaranteed. Fax resume to 251-341-3595 or email to [email protected].

CPA IS INTERESTED in buying an accounting practice grossing between $100,000 and $150,000 located in the Birmingham area within the following zip codes: 35242, 35243, 35043 and 35216. Please send responses to P.O. Box 381116 Birmingham, Alabama 35238-1116.

NEUSCHWANDER, FAIRCLOTH, AND HARDY, P.C. is growing and seeks talented professionals who have a desire to excel and are dedicated to providing personal, timely client services. Opportunities are available for a CPA with 3+ years of public accounting experience whose re-sponsibilities will include income tax planning and prepara-tion and fi nancial statement preparation. Excellent benefi ts and advancement opportunities. To apply, please fax your resume to 251-947-2474, email to [email protected] or mail to PO Box 1198, Robertsdale, AL 36567.

ACCOUNTANT WANTED: Montgomery CPA fi rm seeking CPA with experience and CPA candidates with or without experience. Excellent benefi ts and advancement opportunities. Send resume in confi dence to PO Box 241261, Montgomery, AL 36124.

HUNTSVILLE, AL CPA FIRM is seeking tax manager with 6 to 10 years public accounting experience concen-trated in taxation. Growing fi rm offers excellent salary and benefi ts package and advancement opportunity to accept-able candidate. Send resume in confi dence to [email protected] or mail to 650 Pratt Avenue, Suite C, Hunts-ville, AL 35801, attention Human Resources.

CPA NEEDED: Hartmann, Blackmon & Kilgore, PC seeks a CPA with 2+ years experience. Located in fast-growing Southwest Alabama, the fi rm serves a diverse client base and desires a candidate with a strong tax background. Responsi-bilities include income tax planning and preparation, estate planning, and fi nancial statement preparation. Candidate must be able to handle multiple jobs and interact well with clients, associates and community business leaders. Excellent salary, incentive bonuses and benefi ts for the right person. E-mail [email protected], fax 251-928-6921 or mail your resume to PO Box 1469, Fairhope, AL 36533.

CLASSIFIEDS C ALENDAR OF UPCOMING EVENTS Date Event Location Time

A U G U S T 2 0 0 7

16 Wheeler Basin Chapter Decatur Country Club 12:0020 South Central Chapter The Pines 12:0021 Southeast Chapter Dothan Country Club 12:0022 East Alabama Chapter Saugahatchee Country Club 12:00

S E P T E M B E R 2 0 0 7

13 Tuscaloosa Chapter Indian Hills Country Club 12:0014 Birmingham Chapter Harbert Center 11:30 CPE – 4 hours 1:0018 Montgomery Chapter Capital City Club 11:4518 South Central Chapter The Pine 6:0018 Northeast Chapter Gadsden Country Club 6:0019 Southeast Chapter Dothan Country Club 6:0020 North Alabama Chapter Dale’s Restaurant 5:4520 East Alabama Chapter Saugahatchee Country Club 12:0020 Huntsville Chapter Ruth’s Chris – Attorney/Banker social 6:0021 FAAC Conference AUM 8:3025 Industry Conference Cahaba Grand Conference Center 8:30

Summer is a great time to indulge in your hobbies. But what about that pesky CPE requirement?Knock it out while waiting for inspiration to strike. ASCPAs On-Line Self-Study CPEAvailable anywhere, anytime you are.www.ascpa.orgNo need to cut off an ear.

Summer is a great time to indulge in your hobbies. But what about that pesky CPE requirement?Knock it out while waiting for inspiration to strike. ASCPAs On-Line Self-Study CPEAvailable anywhere, anytime you are.www.ascpa.orgNo need to cut off an ear.

27368 ASCPA august.indd 16 8/8/07 7:42:47 AM

Documents

A Publication of The Alabama Society of Certiﬁ ed Public ... · Launch a capital campaign. ... STRATEGIC PLAN Assess the needs of ASCPA stafﬁ ng for the next ... to get on a soap