Decosimo Holds Accounting Seminar May 13

Wednesday, April 30, 2014

Decosimo will host the 2014 Decosimo Accounting Seminar on Tuesday, May 13, at the Chattanooga Convention Center from 8:15 a.m. to 5 p.m.  This year’s seminar will feature an update on Generally Accepted Accounting Principles (GAAP) to be presented by keynote speaker Dr. Richard Townsend. The keynote address will take place in the morning, while the seminar will feature afternoon breakout sessions covering business management topics, including the latest in cyber security and information on planning issues in family businesses. 

As part of his address on GAAP updates, Dr. Townsend will speak on revenue recognition, discontinued operations, development stage enterprises, going concerns, leases, and the status of actions by the FASB’s Private Company Council.  Dr. Townsend is an Associate Professor Emeritus at the University of Tennessee, Knoxville, where he taught both undergraduate and graduate financial accounting courses from 1969 to 2012. Holding a Ph.D. from The University of Texas at Austin, Dr. Townsend regularly conducts continuing professional education courses on reporting and disclosure for the Tennessee Society of CPAs, Georgia Society of CPAs, corporations and public accounting firms.

The afternoon Cyber Security breakout sessions will feature Sam Bailey of Staffing Technologies detailing how companies and organizations can best secure customer information against cyber threats. In the following session, Decosimo’s Bill Acuff will discuss best practices to recognize, detect and prevent many common fraud schemes. 

“Planning Issues in Family Businesses” will be a featured topic in another of the seminar’s afternoon breakout sessions. Decosimo’s Mike Costello, Shannon Farr and Bob Wheat will address the unique challenges found in family businesses when planning for growth, succession and other business management issues.  “Tax Planning with Insurance,” presented by Rodney Miller of Highland Brokerage, will complete the list of breakout sessions. Mr. Miller’s presentation will focus on strategies for utilizing insurance instruments to reach tax planning objectives. 

Participants in the afternoon breakouts will come together for a final session that will provide perspective on the current business climate. Presented by Tom Decosimo and Mike Costello, who oversee Decosimo Advisory Services, this session will examine the latest conditions affecting businesses in various industries. The presentation will also offer strategic approaches on how to navigate through the challenging times associated with a still-recovering economy. 

The registration fee is $99 for the full-day seminar. Attendees may earn up to 8 hours of continuing professional education (CPE). The registration deadline is May 6. 


Pinnacle Financial Partners Reports Diluted Earnings Per Share Of $0.78

Pinnacle Financial Partners, Inc. reported net income per diluted common share of $0.78 for the quarter ended Dec. 31, compared to net income per diluted common share of $0.65 for the quarter ended Dec. 31, 2015, an increase of 20.0 percent. Net income per diluted common share was $2.91 for the year ended Dec. 31, compared to net income per diluted common share of $2.52 for the ... (click for more)

ChaTech Presents Program On The Rise Of Innovation

Chattanooga technology professionals will have the opportunity to hear Rachael Babcock, former chief technology officer for the State of Tennessee, address how the rapid changes in technology have impacted all areas of our lives, introduced disruptive technologies, and now require new leadership paradigms and practices, on Wednesday from 11:30 a.m.-1 p.m. at Business Development ... (click for more)

Sheriff Deputies Involved In Shooting After Pursuit Tuesday Night In Soddy Daisy

An officer-involved shooting took place in Soddy Daisy on Tuesday night following "an ongoing pursuit which originated earlier in the evening." The shooting incident happened around 7 p.m. The chase started shortly after 5 p.m. Hamilton County Sheriff's Office deputies were involved in the shooting. The Sheriff's Office said m ultiple law enforcement agencies responded ... (click for more)

City Council Told Cost Has Soared For Moving Sewer Line Off Tubman Industrial Site

City Council members were told on Tuesday that the cost has soared for moving a sewer line completely off the Harriet Tubman industrial site. Bill Payne, city engineer, said it initially was around $1.5 million, but is now pegged at over $4 million. Councilman Chris Anderson, who heads the council's economic development committee, said the assertion brought "stunned looks" ... (click for more)

Beyond Freedom Of Speech - And Response

Yes, most people know about the First Amendment to our Constitution, "The right, guaranteed by the First Amendment to the U.S. Constitution, to express beliefs and ideas without unwarranted government restriction."  I being a "deplorable" draw the line when people block traffic, try to disrupt, and even stop an activity through malice and disregard for others. Case being ... (click for more)

Roy Exum: Want To Protest? Get Paid!

In a troubling time when “false news” is the rage and people ask me – to my face – if anybody from Russia ever approached me personally searching for votes for President-elect Donald Trump, there appears a website that, to cop a phrase, “is too good to be true.” There is a group out of California that allegedly wants to hire “operatives” to protest Friday’s inauguration. Forget ... (click for more)