Morning Remarks | The Future is Now

Oct 29, 2019 7:00am ‐ Oct 29, 2019 7:55am

Identification: AUT1916

Kimberly Ellison-Taylor, Executive Director, Finance Thought Leadership Cloud Business Group at Oracle and past Chair of the Association of International Certified Professional Accountants, will provide a professional issues discussing the current state of the accounting profession and opportunities that build on our strength to drive a dynamic future.


Happenings in DC and the Global Automotive Market

Oct 29, 2019 8:00am ‐ Oct 29, 2019 8:50am

Identification: AUT1917

In this session, you will learn about the impact of Washington policy on the auto sector and the global automotive market.

Also learn about the:

  1. Impact of federal policy on auto sector. 
  2. Role of the auto sector in the US economy.

Win the Applicant Economy

Oct 29, 2019 9:20am ‐ Oct 29, 2019 10:35am

Identification: AUT1918

The past decade has seen unemployment hitting record highs and all-time lows, completely reshaping retail automotive for consumers and dealers alike. Those who managed to thrive all point to one key success factor: their people. This session walks through the Applicant Economy – and why top performers will always be in demand to drive your business results.

Learning Objectives:

  1. How the automotive landscape has dramatically changed since 2008, and why this impacts today’s workforce.
  2. Why focusing on labor pool target markets matter, and how “time for money” employees won’t drive results.
  3. What kind of applicant experience today’s most in-demand employees expect – and how to cater to them.

Dealer Dashboard: Don't Gamble on Value

Oct 29, 2019 11:30am ‐ Oct 29, 2019 12:45pm

Identification: AUT1919

The automobile dealership industry has changed significantly and rapidly over the past 10 years. The metamorphosis will likely continue, with opportunities, challenges, and disruptions such as the advent of autonomous vehicles, ever-increasing regulatory oversight, shifts in consumer demographics and demand, consolidation, and ubiquitous factory control over dealership decision-making and operations. Factors such as these, and many others, may result in the necessity that dealership business valuations be obtained, whether in connection with buy-sell agreements, shareholder disputes, employee stock ownership plans (ESOPs), estate planning and gifting, financing, or some other context. Awareness of business valuation basics -- and, especially factors, unique to the industry -- enable the interested party to credibly understand and critique valuation experts' assumptions and approaches. This session will explore these dynamics.

After completing this session, attendees should:

  1. Be familiar with various valuation approaches and the circumstances in which each is more or less appropriate.
  2. Understand factors that influence valuation, including those particular to the automobile dealership industry.

Wayfair Sales: A Figure of Speech

Oct 29, 2019 11:30am ‐ Oct 29, 2019 12:45pm

Identification: AUT1920

During this session, the speakers will discuss the impact the recent United State Supreme Court Decision's impact on retail sales and issues for dealerships to be aware of.

Learning Objective:

  1. Identify how the Wayfair decision impacts retail sales.
  2. Understand the potential sales tax risks Wayfair creates that could impact your business.

Trends in Auto Retail and Buy-Sell Update (Repeat of AUT1907)

Oct 29, 2019 11:30am ‐ Oct 29, 2019 12:45pm

Identification: AUT1921

This session is a review of recent trends in new vehicle sales, used vehicle sales, F&I, fixed operations, dealership expenses, and how they are impacting dealership profits. We will also discuss how these trends are impacting buyers and sellers and get an overview of recent buy-sell transaction activity and dealership valuations.

Learning Objectives:

  1. Learn about recent trends in auto retail and how they are impacting dealership profits.
  2. Learn about buy-sell trends and how they are impacting dealership values.

Collaborative Health Innovation

Oct 29, 2019 1:10pm ‐ Oct 29, 2019 2:00pm

Identification: AUT1922

Collaborative innovation offers the possibility of zero healthcare trend. Why is this important? From the creation of Health Transformation Alliance (50 Fortune 200 employers) to the new Haven venture created by the combination of Berkshire Hathaway, Amazon and JP Morgan Chase, even the largest corporations are realizing the need to join forces with others when it comes to healthcare cost control. For the auto dealer industry, the potential for rising interest rates and new tariffs, collaborative innovation can offer an added expense control hedge for a soft market ahead, e.g. supplemental health group captives.


Internal Audit and Internal Control

Oct 29, 2019 1:10pm ‐ Oct 29, 2019 2:00pm

Identification: AUT1923

In this session the speaker will focus on the must have internal controls by department and how to perform a risk assessment by department.

Learning Objectives:

  1. Current trends and structure in dealership internal audit departments based on dealership size. Discussion will cover single point to multi location and multi state groups. 
  2. How to utilize your DMS to enhance internal audit testing. 
  3. Discuss current frauds and the controls that would have limited the financial and reputational damage.
  4. Learn how to identify your biggest dealership risks and how to limit those risks from having a financial or reputational risk to the dealership group. 
  5. Learn how to determine what are the key internal controls to implement from a cost/benefit approach. 
  6. Learn how to implement an internal audit strategy that works for your dealership group.

Construction 101 - How To Get The Most Value For Your Investment

Oct 29, 2019 1:10pm ‐ Oct 29, 2019 2:00pm

Identification: AUT1924

Construction 101 - Advising your clients on how to get the most value for their investment when considering new construction or renovation work as heard from a Design-Build Contractor with over 40 years of construction experience.

Learning Objectives:

  1. Maximizing return on investment dollars.
  2. Minimizing risk during the construction process.

A&A Update (Repeat of AUT1913)

Oct 29, 2019 2:10pm ‐ Oct 29, 2019 3:00pm

Identification: AUT1925

Repeat of Session 13

Examine the latest updates to the audit and accounting standards with a specific focus on those most impactful to retail dealerships.

Learning Objectives:

  1. Identify new audit and accounting standards impacting your dealership or dealership clients.
  2. Best practices for both internal and external reporting in accordance with US GAAP.