Wine Industry Conference/Wine Industry Fundamentals

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:California’s 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 ahead—and stay ahead—of your competition. For the latest industry trends; updates on accounting, tax and legal issues; and best practices from industry leaders you won’t 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 CEO’s 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


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


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 CEO’s 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 winery’s 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

{Lunch–plated 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, you’ll 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




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

{Lunch–plated 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.


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

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SILV

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PONS

OR

WIN

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ONSO

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CONFERENCE PLANNING COMMITTEE



Jon P. Dal Poggetto, CPADal Poggetto & Company LLP


Lori Felando, CPA (Inactive)St. Supéry 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. Supéry 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-come, first-served basis. The CalCPA Education Foundation reserves the right to refuse admission to any individual whose behavior it deems inappropriate.

Cancellation PolicyIf you need to cancel your registration, you must cancel four business days prior to the event to receive a full refund. After that time a refund will be given less a $125 cancellation fee. No refunds will be given for no-shows.

VPE no-shows will have the number of registered CPE hours deducted from their VPE credit.

Coupon no-shows will forfeit the coupon used to register. For registration policies please go to calcpa.org/policies.

Note: Topics and speakers are subject to change.For up-to-date information, please go to calcpa.org

CalCPA Education Foundation is registered with the National Association of State Boards of Accountancy (NASBA), as a

sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417 or www.learningmarket.org.

REGISTRATION INFORMATIONREGISTER ONLINE calcpa.org/WineIndustry14

Wine Industry Conference/Wine Industry Fundamentals

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