Using discussion, examples and case studies, this course examines the CPA’s role in the modern economy, standards of ethical conduct for management accountants, the four basic concepts of ethics in accounting, and the AICPA’s rules on independence. Also highlighted are the ten most common violations of North Carolina statutes and rules for CPAs. The course examines current problems with earnings management in financial statements

This course fulfills the State Board’s annual two-hour ethics CPE requirement. The two-hour ethics course is required for annual license renewal for North Carolina CPAs and does not qualify one to obtain an original or reciprocal certificate.

An additional 2.0 CPE will be provided for those attending the course. Credit for the course will be handled by the NC Association of Certified Public Accountants to offer the course.

Assets, Liabilities and Risk: Managing a CCRC Balance Sheet for Long-Term Success
Examine methods to address and account for risks on both sides of a CCRC balance sheet.

Industry Trends/Accounting Update
General industry trends and accounting practice updates.

Schedule K and Bond Compliance
Overview of bond compliance and 990 best practices.

Industry Outlook
A representative from FitchRating will give an overview of the rating industry and how it relates to CCRCs in North Carolina.

Capital Markets Update

Update on the current state of capital markets.

CCRC Obligation to Independent Residents in Time of Disaster

Responsibility of facility to independent residents pre- and post- disaster.