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CalCPA Education Foundation Wine Industry Conference Dec. 8, 2014 Napa Valley & Webcast Wine Industry Fundamentals: Tax, Accounting and Auditing Dec. 9, 2014 Napa Valley & Webcast

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  • Wine Industry ConferenceDec. 8 Napa Valley & Webcast

    Wine Industry Fundamentals: Tax, Accounting and AuditingDec. 9 Napa Valley & Webcast

  • Napa Valley Marriott Hotel & Spa3425 Solano Ave.Napa, CA 94558

    2014 WINE INDUSTRY CONFERENCEDEC. 8, 2014

    2014 WINE INDUSTRY FUNDAMENTALSDEC. 9, 2014NAPA VALLEY MARRIOTT HOTEL & SPA AND WEBCAST

    Overview:Californias wineries are recognized as some of the finest producers in the world and that standard of excellence extends to the professionals serving the industry. CalCPA Education Foundation offers two conferences to help you get aheadand stay aheadof your competition. For the latest industry trends; updates on accounting, tax and legal issues; and best practices from industry leaders you wont want to miss the Wine Industry Conference, Dec. 8. Attend Wine Industry Fundamentals: Tax, Accounting and Auditing on Dec. 9 to explore key tax and business issues related to accounting for fixed assets and inventory accounting. Register today to ensure that you are in the know for the upcoming year when it comes to this thriving vertical market.

    Designed for: CPAs, CFOs, controllers, attorneys, management accountants, consultants and other professionals who do business in the wine industry.

    Credit Information Dec. 8CPE: 7 Hours Non-technical: 1 HourAA: 1 HourMCLE: 5 Hours

    Credit Information Dec. 9CPE: 8 HoursAA: 4 Hours

    Level: Dec. 8: UpdateDec. 9: Overview

    Prerequisites: None

    CONFERENCE OVERVIEW

  • Welcome and Introductions

    The Role of the CFO from the CEOs Perspective

    Employment Issues in the Vineyard and Winery

    Break

    Contracts Boot Camp: Boilerplate and Beyond

    Effective Negotiation Skills

    Lunch (Plated lunch provided)

    FASB Update

    Wine Law Basics: What You Need to Know about TTB and ABC Regulations to Effectively Represent Your Clients

    Break

    Tax Update

    Adjourn

    AGENDAS {AT-A-GLANCE}

    08:30

    08:35

    09:25

    10:15

    10:25

    01:15

    03:00

    02:05

    03:10

    04:40

    12:15

    Wine Industry ConferenceDec. 8

    Welcome and Introductions

    Fixed Asset Accounting

    Lunch (Plated lunch provided)

    Inventory Accounting

    Adjourn

    08:30

    08:35

    12:00

    01:00

    04:30

    Wine Industry Fundamentals: Tax, Accounting and AuditingDec. 9

    11:15

  • Welcome and Introductions

    Michelle M. Ausburn, CPABurr Pilger Mayer Inc.Conference Co-Chair

    L. Gregory Scott, CPAPwC LLP (Retired)Conference Co-Chair

    The Role of the CFO from the CEOs PerspectiveAs wineries grow, so do the responsibilities and requirements of the finance team. Whether you work in the industry or public accounting, you will be interested to learn what a CEO expects from his CFO and financial advisers. This session will give insight into what you can do to support your CEO and how you can provide more value to the winerys finance team.

    Phil HurstPresident and CEOTruett Hurst Inc.

    Employment Issues in the Vineyard and WineryTake a proactive approach to address employment issues by arming yourself with knowledge. This session will teach you how to avoid wage/hour trap doors, review the Affordable Care Act with its specific impacts for wine industry employers and provide you with hiring best practices.

    Jan Gabrielson Tansil, Esq.Spaulding McCullough & Tansil LLP

    {Break}

    Contract Boot Camp: Boilerplate and BeyondExplore custom crush contracts, vineyard leases, grape purchase agreements, notable provisions and alternating proprietorships and other contracts for navigating the ABC/TTB with attorney and sommelier Matt Eisenberg.

    Matt Eisenberg, Esq.Matt Eisenberg Attorney at Law

    Effective Negotiation Skills Negotiating deals effectively is critical for long-term success. This session will help you improve your negotiation strategy for working with winery owners, grape growers, distributors and importers. Additionally, you will learn negotiation tactics for acquisitions and transactions.

    Richard P. Mendelson, Esq.Dickenson Peatman & Fogarty

    {Lunchplated lunch provided}

    FASB UpdateHear the latest FASB updates on goodwill, revenue recognition, leases and business combinations. This comprehensive update will prepare you to deal with new pronouncements, standards and implementation deadlines.

    Daniel J. Nutley, CPAMoss Adams LLP

    Wine Law Basics: What You Need to Know About TTB and ABC Regulations to Effectively Represent Your ClientsBe in the know on the hottest topics impacting your clients including sponsorships, events and third party marketing. Additionally, learn the license type basics (Type 02 vs. Type 17/20), entity formation, structural issues and changes requiring agency reporting.

    Bahaneh Hobel, Esq.Dickenson Peatman & Fogarty

    {Break}

    Tax UpdateFrom repair regulations to hobby loss assertions, youll be in the know when it comes to tax updates that will impact the wine industry. The tax experts leading this session will also discuss state apportionment, sales and use tax and IRS hot buttons.

    David G. Pardes, CPAPwC LLP

    L. Gregory Scott, CPAPwC LLP (Retired)

    Adjourn

    08:30

    08:35

    12:15

    01:15

    Wine Industry Conference Dec. 8 Napa Valley Marriott Hotel & Spa and Webcast

    02:05

    04:40

    09:25

    10:15

    10:25

    03:00

    03:10

    11:15

  • SESSIONDETAILS

    Wine Industry Fundamentals: Tax, Accounting & Auditing Dec. 9 Napa Valley Marriott Hotel & Spa and Webcast

    Welcome and Introductions

    Michelle M. Ausburn, CPABurr Pilger Mayer Inc.Conference Co-Chair

    L. Gregory Scott, CPAPwC LLP (Retired)Conference Co-Chair

    Fixed Asset AccountingPeople often overlook the complexity involved in recording and reporting fixed asset transactions in general, and the wine industry has some unique issues unto itself. Michelle Ausburn and Dave Dillwood will discuss the intricacies of accounting for fixed asset acquisition, construction, reporting, and depreciation, including the specific differences between GAAP treatment and tax accounting for fixed assets. They will also address accounting for self constructed assets, the effect of the preproductive period cost election on depreciation of farm assets and acquisition accounting in business acquisitions and combinations. These experts will provide insights to clarify the options available to accounting professionals trying to navigate these complex rules.

    Michelle M. Ausburn, CPABurr Pilger Mayer Inc.

    David P. Dillwood, CPADillwood, Burkel & Millar, LLP

    {Lunchplated lunch provided}

    Inventory AccountingInventory costing in the wine industry can seem mysterious. Danielle Sandoval and Dave Dillwood demystify the process of GAAP and tax wine costing, including discussion of LIFO and various tax elections which can be made to simplify the calculations, result in more immediate tax benefit, or both. Participants will come away from the session with a better understanding of what belongs in wine costs in the financial statements and tax returns, and the options that exist for their winery, or their winery clients.

    David P. Dillwood, CPADillwood, Burkel & Millar, LLP

    Danielle E. Sandoval, CPAZainer Rinehart Clarke, CPAs

    Adjourn

    08:30

    08:35

    01:00

    04:30

    12:00

    THANK YOU TO OUR GENEROUS SPONSORS:

    GOLD

    SPO

    NSOR

    SILV

    ER S

    PONS

    OR

    WIN

    E SP

    ONSO

    RS

  • CONFERENCE PLANNING COMMITTEE

    Michelle M. Ausburn, CPABurr Pilger Mayer Inc.Conference Co-Chair

    L. Gregory Scott, CPAPwC LLP (Retired)Conference Co-Chair

    Jon P. Dal Poggetto, CPADal Poggetto & Company LLP

    David P. Dillwood, CPADillwood, Burkel & Millar, LLP

    Lori Felando, CPA (Inactive)St. Supry Estate Vineyards & Winery

    Christina Z. Hollingsworth, CPADillwood, Burkel & Millar, LLP

    Robert A. Murphy, CPAFrank, Rimerman + Co. LLP

    Amy Smith, CPA, CSEPMoss Adams LLP

    Betsy M. Stewart, CPA, CGMAZainer Rinehart Clarke, CPAs

    Emma J. Swain, CPASt. Supry Estate Vineyards & Winery

    Conference Planning Committee

    YOUR

    has come true

    CalCPA Education Foundation Value-Priced Education (VPE) discount programs are now valid for one year from date of purchase.

    Purchase during your license renewal month to maximize your savings while earning up to 80 hours of CPE through our conferences, courses and on-demand and PDF self-study products. You have more than 1,200

    offerings from which to choose.

    Learn more and purchase a discount program at

    calcpa.org/discount.

    2014-15 Discount Programs:VPE 80 $1,295 VPE 40 $795 VPE 24 $675

  • ContactCalCPA Education FoundationP.O. Box 45066San Francisco, CA 94145-0066

    Phone (800) 922-5272Fax (888) 868-8558Web calcpa.org

    Event PricingMember $325 (per day)Nonmember $425 (per day)

    Conference RegistrationWine Industry ConferenceDec. 8 Napa Valley 5141542ADec. 8 Webcast 5141542B

    Wine Industry Fundamentals: Tax, Accounting and AuditingDec. 9 Napa Valley 5142817ADec. 9 Webcast 5142817B

    Discount ProgramsSave hundreds with Value-Priced Education (VPE) and Coupons.

    VPE 80 $1,295 CalCPA MemberVPE 40 $795 CalCPA MemberVPE 24 $675 CalCPA MemberCoupon 10 $2,495 CalCPA Member

    Learn more about CalCPA discount programs, (800) 922-5272 or calcpa.org/discount

    Materials for this conference are provided in PDF format. You will

    receive an email that contains a link for accessing the materials at least three days before the conference.

    Registration PolicyAll registrations are taken on a first