February 2008 | Peninsula Silicon Valley Chapter Bulletin

TOOLS

 

CalCPA NEWS

Introducing the Financial Leadership Forum

The Forum, a new program of CalCPA and the California CPA Education Foundation, will enhance the support provided to finance executives and business leaders with tailored resources and programs.
   Membership is an exclusive benefit for business and finance professionals who are CalCPA members.
   Find your path to success in business. Check out the Financial Leadership Forum.

 

SAVE THE DATE

2nd Annual Peninsula Chapter ABC Mixer

Date: Thursday, May 22
Time: 5:30–7:30 p.m.
Location: Pacific Athletic Club; Redwood Shores

 

CHAPTER EVENTS

MAP Committee

Date: Tuesday, Feb. 5
Time: Noon
Location: Crowne Plaza Hotel, 4290 El Camino Real; Palo Alto
Cost: Approx. $15
RSVP: Tim McCrone, (650) 948-7180. Attendance limited to those with confirmed reservations.
Note: The committee will not meet in March or April.

Nonprofit Interest Group

Topic: IRS Proposed Re-Design of Form 990
Speaker: Janice R. Cochell, Burr, Pilger & Mayer LLP
Date: Wednesday, Feb. 6
Time: 8:30–10 a.m.
Location: Office of Jack Morton; 385 Sherman St., Suite 2; Palo Alto
CPE: 1.5 hours
RSVP: (650) 323-6666 or laarni@lvr.netbox.com

Silicon Valley Forum Workshop

Topic: Personal Strategic Plans
Speaker: Kristi Royce, KLR Consulting
Date: Wednesday, March 12
Time: 7:30–9 a.m.
Location: Ramada Silicon Valley, 1217 Wildwood Way, Sunnyvale
CPE: 1.5 hours
RSVP: Online
[back to top]

 

PRESIDENT’S MESSAGE

Introducing the Financial Leadership Forum

By Sharon Selleck, CPA

Happy New Year everyone! I hope 2008 has started well for all of you and I hope to see you at future CalCPA events in the coming year. I’m sure you are busy either closing your annual books for audit or preparing for the tax crunch, but here are a few upcoming events in the next few months that may be of interest to you.
   CalCPA, along with the California CPA Education Foundation, has launched the Financial Leadership Forum, a program that will enhance the support provided to members in business and industry. Part of the program is offering, in partnership with the Haas School of Business at UC Berkeley (go Bears!), executive education courses. The first course is Friday, Feb. 8 on activity-based costing and management, taught by Dennis Geyer, a faculty member of the Haas School of Business and an expert in strategic cost analysis, activity-based management.
   The education continues Friday, April 18 with a course on cost reduction strategies, also taught by Geyer.
   Friday–Saturday, May 2–3 will feature Suneel Udpa of the Haas School, who will discuss valuation for mergers and acquisitions. With the recent issuance of SFAS 141(R), there will be significant changes in the accounting for acquisitions from the old methodology we all are used to. From when earnouts are recorded to how in-process R&D is classified to the expensing of acquisition costs, the two-day workshop should be very informative.
   If you don’t have time to get away for a whole day, the Forum is presenting a webinar Tuesday, Feb. 26 with SEC Chief Accountant Conrad Hewitt, from noon–1 pm. Hewitt will provide an update on the SEC’s current issues.
   Go online for more information on the Financial Leadership Forum.
—Sharon Selleck, CPA
[Back to top]

CHAPTER NEWS

New Members

On behalf of the Peninsula Silicon Valley Chapter’s officers, directors and members, we extend our warmest of welcomes to our new members: David Erb, David Lee, Bertha Munoz... [see all new members]

Chapter Nominations 2008-09

The following slate put forward by Nominating Committee Chair Mary Jo Murphy was unanimously elected to office at the Jan. 29 board of directors meeting. The new board will take office June 1:

Officers:
President: Karen Goodfriend
Vice President: Michael Thompson
Treasurer: James Knight
Secretary: Laura Olson

Directors:
(first year of two-year term)
Parisa Nesva Derani
Vivek Kumar
Audrey Szutu
Marianne Zhen

(second year of two-year term)
Iris Chan
Michelle Flynn
Wing Lee

2008 CFO of the Year Awards

Nominations are being accepted for the 2008 Bay Area CFO of the Year Awards, which will be presented Thursday, May 29. The awards are a partnership between the San Francisco Business Times and Larkin Street Youth Services. Last year’s event raised more than $400,000 to benefit Larkin Street. Nominations are open for the following categories:

Public Company (revenues above $500 million)
Public Company (revenues up to $500 million)
Nonpublic Company
Venture-backed Company
Community Service
Transformation Agent
   Go online for more information or to nominate someone. If you know of CalCPA members who should be considered for these awards, you may also contact Susan Klein. The nomination deadline is Friday, March 7.

Local Volunteers Needed for Tax-Aid

Tax-Aid, a local nonprofit coalition of CPAs and attorneys created to help low-income families prepare their tax returns, is expanding into Santa Clara County. The new site, which will be sponsored by Deloitte, LLC, will be held at the downtown Salvation Army.
   CPA Kenneth Lee, Tax-Aid president, says the organization is in need of more than 500 volunteers to help in the 21 sites across seven counties. Locally, there are Tax-Aid sites in South San Francisco, Daly City, Redwood City and East Palo Alto.
   Volunteering is easy. Tax-Aid provides the equipment and training, and volunteers are expected to donate at least two Saturdays during tax season. Chapter members interested in participating can visit Tax-Aid’s Website to register or call Minnie Sage at (415) 963-5133.
   Members unable to volunteer, but wishing to help, can send a tax-deductible contribution to Tax-Aid; 55 Second St., Suite 1400; San Francisco, CA 94105 or donate online.

Grab Your Running Shoes

The Young and Emerging Professionals Groups from the San Francisco and Peninsula Silicon Valley chapters are rounding up participants to be part of the Bay to Breakers May 18. Don't you want to get up at 4 a.m. and run seven miles with about 70,000 close friends? All runners are welcome, not just YEPs.
   If you’d like to be part of the group, contact parisa@nesva.com.
[Back to top]

CalCPA NEWS

Recognizing Achievements in Improving Financial Literacy for Youth

The California Jump$tart Coalition is looking for outstanding teachers, other educators and community leaders to honor their efforts in expanding personal finance education. Honorees will be recognized at the California Summit on Financial Literacy April 23 with awards and contributions to their organizations, including $1,000 educator awards sponsored by Citi.
   If you know of individuals who have made contributions to financial literacy among California's youth, please contact California Jump$tart Coalition Awards Committee members Karen Anderson or Norm Greenbaum by March 17.
   Reserve your place today at the Summit! Register online.
[Back to top]

RESOURCES:

Peninsula Silicon Valley Chapter Leadership