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. 


Patrick, Beard, Schulman And Jacoway, P.C. Attorneys Selected To 2016 Mid-South Super Lawyers List

Patrick, Beard, Schulman and Jacoway, P.C. announces that Richard A. Schulman, Michael A. Anderson, and Jeremy M. Cothern have been selected by their peers for inclusion in the Mid-South Super Lawyers for 2016. Each year, no more than five percent of the lawyers in the states of Arkansas, Mississippi, and Tennessee are selected by the research team at Super Lawyers to receive ... (click for more)

Hamilton County Emergency Communications District Implements Inform CAD, Mobile System

Hamilton County Emergency Communications District has gone live with Inform CAD and Mobile, a step in an upgrade of their emergency communications and response technology. Combining the new technologies in place at Hamilton County which include TriTech 911, which Hamilton County installed in 2014, Inform CAD, and Inform Mobile, provides the district with a modernized communications ... (click for more)

East Ridge Meth Dealer Gets 168 Months In Federal Prison

A man who agents said was dealing large quantities of meth from his East Ridge residence has been sentenced to serve 168 months in federal prison. Kenneth Lemons appeared before Judge Curtis Collier. Agents said they made several controlled drug buys from Lemons at his residence in 2015. On Oct. 27, 2015, he drove up to a residence where DEA agents were making a controlled ... (click for more)

Chattanooga Man With 5 Violent Felonies Gets 30 Years In Prison

A Chattanooga man with five violent felonies on his record has been sentenced to serve 30 years in prison. Demetrius Joiner, 30, was given a 20-year sentence by Judge Curtis Collier after he was ruled to be an Armed Career Criminal. Judge Collier said the term would be consecutive to several state sentences imposed earlier on Joiner, including 10 years for aggravated robbery. ... (click for more)

Signal Mountain Couldn't Manage Public Education

I have been reading the buzz about Signal Mountain and other small municipalities considering a move to form their own school district within their municipal boundaries.  It is quite the comedy hour considering the notion that small cities that for decades could not even manage small sewer systems or 911 districts, are somehow going to do a better job with public education ... (click for more)

Roy Exum: Among The Worst In U.S.

Bobby Bragan, who was the first manager of Major League Baseball’s Braves when they moved from Milwaukee to Atlanta, had a great view on statistics: “Say you were standing with one foot in the oven and one foot in an ice bucket. According to the percentage people, you should be perfectly comfortable.” I am about to make you uncomfortable with some lousy statistics. Earlier this ... (click for more)