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Other Comprehensive Basis of Accounting Fundamentals | 4152308D

July 1, 2015
Sacramento Area
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President's Message

19th Annual Economic Forecast: What Does the Future Hold?

November 15, 2017

By Megan Boldizsar

I always find that the best way to understand my clients and my personal financial decisions is to see into the future—via the great information presented by Mira Farka at our Economic Forecast on Jan. 24. I know you’ll find it valuable, too.

This event is attended by more than 100 people who are preparing themselves for 2018 and beyond. Net proceeds from the event will be used to support accounting students in Orange County and Long Beach.

Don’t miss this opportunity to become a sponsor! Please email chapter program associate Heidi Larkin-Reed for details or register online now.

Chapter News

Auto Renew


Interest Group Meetings—Learn and Network with Us!

Dec 6: YEP Holiday Party @ Winery Restaurant & Wine Bar


Financial Planning: The Future of Social Security and Retirement Income Jan. 9

As your client’s trusted advisor your role in helping them to understand their social security benefits is critical. This presentation will review recent changes in the social security rules, and how to recommend the best social security claiming strategy for your clients.

Register or learn more.


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CalCPA News

Lead On: CalCPA/AICPA Leadership Positions Open

The application period for the 2018-19 CalCPA Board and Council, AICPA Council and CalCPA Education Foundation trustee and officer positions is open.

California CPAs are the driving force behind one of the world’s largest economies—and CalCPA provides the opportunities to help you develop critical leadership skills, and a platform to showcase them, at the local and state level.

Isn’t it time you put your leadership skills to use for the betterment of the CPA profession? More information and application are available online. Applications are due Dec. 4.


Behind the License

We know there’s more to your life than the tax forms, deadlines and rules and regulations that you spend time with at the office. And we want to tell your story—or the story of a member you may know.

Our monthly Final Entry feature in California CPA takes a look at the person behind the license. Over the years we’ve featured members who race carsplay in a banddevote time to nonprofit causeshave taken on physical endurance challengessurfDJ and make wine.

So, what’s your story?

If you’d like to participate or want to recommend a colleague, contact managing editor Damien English with details and we’ll set up a short interview.

CPA Day 2018


Diversity and Inclusion: California Dreamin’ or California Reality

By Soco Davenport

Much has been written about the benefits of a diverse workforce. For example, a survey of 300 senior executives of large corporations by Forbes Insight concluded that a “diverse and inclusive workforce is necessary to drive innovation, foster creativity and guide business strategies.” The report further states how a diverse workforce is “crucial for companies who want to attract and retain top talent.”

And accounting firms and other workplaces in California don’t need to look far to see that diversity. Consider these facts from the Census Bureau:

  • California has more whites, Latinos, Asians and American Indians than any other state.
  • The state’s estimated population of 39.2 million in 2016 was comprised of Latinos (38.9 percent); single-race whites (37.7 percent); Asians (14.8 percent); African American (6.5 percent); and American Indian (1.7 percent).
  • Los Angeles County led the nation in the number of Hispanic, Asian, American Indian and Alaska native owned businesses in 2012. The estimates for the same year indicated that 55 percent of businesses in the county were minority owned.

“Diversity is a business reality and necessary to be effective and competitive in this new global economy,” says Kathy Johnson, 2018-19 CalCPA chair. As CalCPA’s first African American chair, Johnson is embracing her unique position to “inspire young minorities to give them an opportunity to see themselves as a CPA and a leader in the largest state society of CPAs.”

Read the rest of this entry »

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