!!!!!!!!!!!! Accounting!Club! University!of!Hawaii!at!Manoa! Hawaii!IMA!Student!Chapter!! Clark!Johnson!Achievement!Award! IMA! 2014D2015!!!!!

Transcription

1 AccountingClub UniversityofHawaiiatManoa HawaiiIMAStudentChapter ClarkJohnsonAchievementAward IMA 2014D2015

2 ClarkJohnson AGlimpseIntotheFutureConference(AGIF) AGlimpseIntoTheFutureConferenceisanannualall9dayconferencethatisheldevery yearwhereprofessionals,students,andfacultycometogethertolearnaboutcurrentand upcomingtrendsinaccounting.thisyearmarkedthe38thannualconferenceandwasheldat thehyattregencywaikikiontuesday,november11,2014,veteran'sdayholiday. ThethemeoftheconferencewasbasedonlifestylesandcareersinAccounting.The objectiveofthisyear sconferencefocusedonpersonalequityandabreakoutsessionregarding RealEstate.Wewerefortunatetohavesixprofessionalsspeakatourevent,fromtopics rangingfromtransitioningintolifeasafirstyear,toanethicsfocusedseminar.ourfirst speakerwasdr.kevind.stocks,adistinguishedprofessoratbirghamyounguniversitywho spokeabouttransitioningfromcollegelifetotheworkingfield.wendallk.leefromaccuityllp spokeaboutlifeandcareers,andfocusedonthe getto wayofphrasinginordertogive yourselfmotivationeachday.nextsarahmoriharafromcollierinternationalhawaiiandjarrett P.MacanasfromMacanasLawfirmspokeaboutChangingLandscapesofCommercialEstate, CommunitiesandBusinessesandDebunkingCommonEstatePlanningMyths. Theentiredaystartedat8:00AMandendedat4:10PM.Wehadabreakforlunchat 12:00p.m.andhadabuffetwithchicken,meat,fish,varioussalads,bread,rice,anddessert. Followinglunchandabreaksession,wereturnedtohearBlaneRuschakfromKPMG discussshadesofgraywhichtackledtheethicalhardshipsthatstudentsandprofessionalsin theaccountingfieldcanexpect.hisquestionsevokedthoughtaboutsituationsmostpeople findthemselvesinandcauseddebateasatohowethicalmostofthepopulationisinthe modernday.ourfinalspeakerswerecareycarpenterandjosephmendezfromdeloitte ToucheLLP,discussionTheInternetofThings.Theirtopicrevolvedaroundtherisksand rewardsofbeingonlineandutilizingtechnologytoitsfullestextent. Overall,AGlimpseIntotheFuturegivesstudentstheopportunitiestositinthesame seminarsasbusinessprofessionalsanddiscussthetopicsduringtheconference.thetopics weretailoredinordertomeetthetheme,whichwouldhelpinterestedimamembersand potentialimamemberslearnmoreabouttheaccountingfieldfromaworkingperspectiveand meetprofessionalsfromthefieldtheywereinterestedin.

3 2.ProjectMissionStatement Provideastatementofthegoalsandobjectivesoftheprogramemphasizinghowtheplanwill bettermeettheneedsofcurrentand/orfutureimamembers. AGIFisaconferencedesignedtobringstudents,professionals,andscholarstogetherto learnmoreabouttopicsandupcomingtrendsrelatedtotheaccountingandbusinessworlds. AccountingClub,astudentchapteroftheIMAorganizesandhostsAGIFalongwithBetaAlpha PsiinordertoeducateIMAmembersandpotentialIMAmembersoncurrentAccountingtrends andimportanttopics. 3.ProjectDescription Describetheprocessandproceduresutilizedinprojectexecutionand/orimplementationof yourmissionstatement.includeanyrelevantdocumentation(i.e.powerpointpresentations, videos,writtendocuments,etc.)withyoursubmission. AGIFisorganizedbytheVicePresidentsofAccountingClubandBetaAlphaPsiinajoint efforttoprovideforourmembers,whichinvolvesbookingahotelfortheeventandalsoasking Professionalstoattendasspeakers.Theprocessinvolvesayearlongcoordinationbetween bothclubsinordertosetuptheprogram,advertisetostudentsandprofessionalsandexecute afullyplannedconferencethattacklesaccountingtrends. 4.ProjectAssessment Provideananalysisofthestrengthsandweaknessesofyourproject.Includeproblemsyou encounteredwithrecommendationsanddescribehowtheycouldbeovercome.includean assessmentoftheeasewithwhichtheprojectcanbeexpandedand/orreplicatedbyother chapters. Thestrengthsofthisconferencegivesstudentsandprofessionalsachancetointeract, andalsoformingcommitteestotakecareofdetailswhichgavemembersexperienceand responsibilityfortheoverallevent.aweaknessisthatduetotheseminar9likenatureofthe conference,thereisnotanyinteractiveactivitiesforstudentsandprofessionalstoparticipate in. Thisconferencecanbeexecutedbyotherchapterswithastablerelationshipto AccountingFirmsinordertobringspeakerstothelocation,butalsowithfindingavenuethat willprovideaproperenvironmentforanalldayconference.ifthereareenoughstudent membersandinterestedprofessionals(forcpecredit)thenanotherconferencesimilartoagif canbereplicated.

4 5.ProjectResults Describetheresultsofyourproject,includingyourperceivedlevelofsuccess.Document specificallyhowyourstudentchapterbenefited.includeanyrelevantdocumentation(i.e. PowerPointpresentations,videos,writtendocuments,etc.) Overallthisconferencewasasuccessintermsofturnoutandperceivedmember satisfaction.memberscommentedontheusefulnessoftheconferenceandtheopportunityto learnmoreaboutworklifeasanaccountant/auditor.

5 The 38 th annual A Glimpse Into the Future Conference Tuesday, November 11, 2014 Hyatt Regency Waikiki Ballrooms 8:00 a.m. 4:00 p.m. Featuring: Topics on Information Technology Risk Advisory Carey Carpenter Director of Assurance Advisory Services Deloitte Touche LLP Joseph Mendez Technology Risk Consultant Deloitte Touch LLP Wordly Wise: Observations on Topics Regarding Life Your Career Wendell Lee Partner Accuity LLP Debunking Common Estate Planning Myths Jarrett Macanas Attorney Macanas Law Firm Changing Landscape of Commercial Real Estate, Communities and Businesses Sarah Morihara President Managing Director Colliers International Shades of Gray: Ethics in the Workforce Blane Ruschak Executive Director of University Relations and Recruiting KPMG LLP Transitioning in the First Year Kevin Stocks KPMG Professor Brigham Young University Please mail the following form and conference fees to: (Make checks payable to Beta Alpha Psi) AGIF Conference c/o Beta Alpha Psi 2404 Maile Way Honolulu, HI Deadline to turn in money and form: Friday, October 31, Name: Phone: School/Firm: Address: Please check one: Professional ($120) Students ($75) Faculty/Staff ($120) Earn 4 CPE Credits 1 Ethics CPE Credit I would like to receive CPE credits: YES NO I would like to attend the Ethics session: YES NO

6 We would like to express our sincerest gratitude to the distinguished speakers for sharing their insights and knowledge, and to the organizations, faculty, and committee members for their time and support. Please know that your contributions have helped to make AGIF a continued success, and it is through your efforts that we are able to carry on this valued tradition. 38 th Annual A Glimpse Into The Future Conference We would also like to thank the Associated Students of the University of Hawaii for their funding of our conference. ASUH s continuing support of our independent organizations help to ensure the success of our students and AGIF. Finally, we would like to thank all of you for joining us for the 38 th Annual A Glimpse Into The Future Conference. Without your attendance, this conference would not be possible. Kaniala Kelly November 11, 2014

7 Introduction Thirty- eight years ago, the faculty and students at the University of Hawaii s Shidler College of Business had a vision. That vision was brought to life through a conference where students, faculty, and professionals could take A Glimpse Into The Future. Also known as the AGIF Conference, students, faculty, and professionals came together to learn about the current and future trends in the ever- changing field of accounting and business. Since then, faculty and students have carried on this annual tradition on Veteran s Day. Through the years, the conference has addressed new issues facing the accounting profession. Acknowledgements We would like to thank the following individuals for their assistance in helping to put on today s event. Committees Hence, the Univers ity of Hawaii Accounting Club and Beta Alpha Psi Delta Theta Chapter proudly present the 38 th Annual A Glimpse Into The Future Conference at the Hyatt Regency Waikiki. We would like to express our immense appreciation to the speakers, organizations, faculty, and committee members for their time and support. It is through your dedication that we are able to carry on this prestigious and traditional event. Today, we hope that you enjoy this experience as well as gain knowledge that enriches your perspective on accounting and other areas of business. Kelly Harada Vice President Accounting Club Kaniala Gomes Vice President Beta Alpha Psi A Glimpse Into The Future November 11,

8 Speaker Biography Schedule Joseph Mendez Technology Risk Consultant Deloitte Touche LLP The Internet of Things: Risks Rewards Joseph Mendez is an experienced consultant in Deloitte Touche LLP s Enterprise Risk Services Advisory Practice in Honolulu, HI. Joseph has over ten years of experience in the areas of military operations, government and military intelligence, data analysis, and information technology. Joseph s industry experience includes financial services, health care, education, government, and military. He has worked with his clients in the areas of enterprise risk management, internal audit, and information technology controls. Prior to joining Deloitte, Joseph served for 10 years in the United States Marine Corps as a linguist and a Signals Intelligence analyst for the National Security Agency. As a distinguished graduate of the USAF School of Applied Cryptologic Science, Joseph garnered operational experience in complex data analysis, communications, and intelligence processing ranging in scope from the tactical level to long- term strategic liaison with international partners. For his work in these areas, Joseph is the recipient of the Joint Service Commendation Medal, the Joint Service Achievement Medal and the Navy and Marine Corps Achievement Medal. Joseph is a board member for the Hawaii chapter of the Information Systems Audit and Control Association. 8:00 a.m. 8:20 a.m. 8:30 a.m. 9:50 a.m. 11:00 a.m. 12:00 noon 1:45 p.m. 2:50 p.m. 3:50 p.m. Registration Welcome Kelly Harada Accounting Club Kaniala Gomes Beta Alpha Psi Transitioning in the First Year Dr. Kevin D. Stocks Brigham Young University Wordly Wise: Observations on Topics Regarding Life and Your Career Wendall K. Lee Accuity LLP Changing Landscape of Commercial Real Estate, Communities and Businesses Sarah Morihara Colliers International Hawaii Debunking Common Estate Planning Myths Jarrett P. Macanas Macanas Law Firm Lunch Shades of Gray Blane Ruschak KPMG LLP The Internet of Things: Risks Rewards Carey Carpenter Deloitte Touche LLP Joseph Mendez Deloitte Touche LLP Closing Kelly Harada Accounting Club Kaniala Gomes Beta Alpha Psi A Glimpse Into The Future November 11,

9 Speaker Biography Kevin D. Stocks KPMG Professor Marriott School of Management Brigham Young University Speaker Biography Carey Carpenter Director Deloitte Touche LLP Transitioning in the First Year The Internet of Things: Risks Rewards Carey Carpenter has over fifteen years of consulting and audit experience in the areas of governance, risk management, internal controls, and information technology. Her industry experience includes financial services, health care, education, government, and not for profit. She has assisted clients in designing and evaluating business process and information technology internal controls. Carey combines operational, financial reporting and IT audit experience; assisting her clients with business process and information technology control assessments and improvements. She has assisted clients in designing and evaluating business process and information technology internal controls. As a designated subject matter specialist in the areas of risk assessment, internal audit and IT controls, Carey led the development of Deloitte s IT Risk Framework for Internal Audit. She also developed and delivered two national training courses for Deloitte: IT Risks and Controls for Internal Audit and IT Audit Risk Assessment Methodology Training. Carey is on the Board of Governors for the Hawaii chapter of the Institute of Internal Auditors and is a past President of the chapter A Glimpse Into The Future November 11,

10 Speaker Biography Blane Ruschak Executive Director of University Relations and Recruiting KPMG LLP Speaker Biography Wendell K. Lee, CPA Tax Partner Accuity LLP Shades of Gray Worldly Wise: Observations of Topics Regarding Life Your Career Blane Ruschak attended Rutgers College in New Jersey and graduated with a B.S. in Economics, and subsequently attended the University of Hawaii at Manoa where he received a Master in Accounting degree. After graduation, he began his career in the audit department of the KPMG Honolulu office and has since moved between Montvale, New Jersey, Long Beach, and Los Angeles, working in a number of different capacities. Blane currently serves as the KPMG member on the Beta Alpha Psi Advisory Forum and as the current President on the Board of Directors, serving on the Board of the Accounting Program Leadership Group, Board of Directors of the Education Foundation for Women in Accounting, and formerly having served on the AICPA Pre- certification Executive Education Committee, and the Board of the Federation of Schools of Accountancy. Blane lives in Charleston, South Carolina and works out of the Montvale, New Jersey National Office as part of the National Human Resource team. Wendell K. Lee is the leader of the Tax Practice and has been with the Firm since He is also the leader of the office s not- for- profit tax practice. He earned his B.B.A. degree from the University of Southern California, and his Master of Taxation from the University of Denver School of Law. Wendell s areas of expertise include private company services that include privately owned companies and the tax issues faced by their owners and heirs, including estate and trust planning and taxation. He also has extensive experience with non- profit taxation and governance. Professional and Community Activities: Trustee, Board of Trustees, Island Pacific Academy Treasurer, Hawaii Education Council Treasurer, Na Kupa`a o Kuhio Former President and Director, Hawaii Society of Certified Public Accountants A Glimpse Into The Future November 11,

11 Speaker Biography Jarrett P. Macanas Attorney at Law Macanas Law Firm Sarah Lee Morihara President Managing Director Colliers International Hawaii Speaker Biography Debunking Common Estate Planning Myths The Changing Landscape of Commercial Real Estate, Communities and Businesses Jarrett P. Macanas focuses his practice on transactional work relative to Hawaii Estates, Trusts and Elder Law. He earned his B.S. degree from Brigham Young University (Provo), his J.D. from the University of Utah and is currently matriculated at Boston University School of Law's Graduate Tax Program for an L.L.M. (Master of Laws) in Taxation. Since 2011, he has served as an adjunct professor at the University of Hawaii's Kapiolani Community College, where he teaches Estate Planning Probate and Business Entities (LLCs, Corporations Partnerships). Jarrett is admitted to the Hawaii State Bar Association and the Utah State Bar and is a member of the Hawaii State Bar Association's Estate Planning Probate, Elder Law and Tax Sections and Hawaii Estate Planning Council. He is a frequent lecturer for NBI (National Business Institute/CLE) and a regular presenter for various financial education groups. Sarah Lee Morihara oversees the operations of the brokerage and property management divisoins, ensuring service delivery to the company s clients, providing client consultation, and providing guidance and support to the agents and property managers. She received her B.S. in Business Administration from the University of Denver, and her J.D. from the University of Hawaii William S. Richardson School of Law. Sarah s background is in real estate law, having practiced at one of Honolulu s largest law firms, Cades Schutte. This allows her to enhance Colliers services with legal practicality and insight while maintaining the ability to explore solutions. Sarah s responsibilities include: review of retail, office and industrial lease and purchase offers, provide consultation regarding leased and managed properties, and assist in the disposition of investment properties A Glimpse Into The Future November 11,

12