Election results and domestic and international economies are just part of the picture. In the coming months, will you or your auto dealership clients feel the effects of consolidation, cybersecurity issues and emerging industry disruptors, such as ride sharing apps and self-driving vehicles?
Look to the AICPA Auto Dealership Conference for guidance on what’s new and what’s coming so you can maneuver into the best position for success.
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This includes sessions from the conference: Auto Dealership Conference 2018
Dealership Technology Threats and Opportunities (Oct 24, 2018 05:00 PM)
Hot Topics in Tax (Repeated in AUT1816) (Oct 25, 2018 11:10 AM)
Compliance Jeopardy (Oct 25, 2018 11:10 AM)
Dealership 101 (Oct 25, 2018 11:10 AM)
DMS Highlight (Oct 25, 2018 01:00 PM)
Today's Buy/Sell Market - What Deals are Getting Done and Why? (Oct 25, 2018 01:00 PM)
Month End (Oct 25, 2018 01:00 PM)
Fraud In Dealerships - Real Stories (Oct 25, 2018 02:00 PM)
Demystifying Blockchain (Oct 25, 2018 02:00 PM)
What Your Financial Statement Isn't Telling You (Oct 25, 2018 02:00 PM)
CFO Panel (Oct 25, 2018 03:15 PM)
Harnessing the Power of the Millennial Generation (Oct 25, 2018 03:15 PM)
Best Practices for Hiring & Firing in a Dealership (Oct 25, 2018 03:15 PM)
A&A Update (Repeated in AUT1829) (Oct 25, 2018 04:15 PM)
Hot Topics in Tax (Repeat of AUT1803) (Oct 25, 2018 04:15 PM)
Expense Management (Oct 25, 2018 04:15 PM)
Morning Remarks & Market Update and Economic Outlook (Oct 26, 2018 08:00 AM)
Industry Disruptions (Oct 26, 2018 09:00 AM)
Dealership Legal Update (Oct 26, 2018 10:45 AM)
Maximizing Depreciation in the Era of Tax Reform and the TPRs (Oct 26, 2018 01:00 PM)
Leading a Successful Parts and Service Department (Oct 26, 2018 01:00 PM)
Buy Here/Pay Here (Oct 26, 2018 01:00 PM)
Entity Structures for 2018 and Beyond (Oct 26, 2018 02:10 PM)
Understanding Cybersecurity Threats (Oct 26, 2018 02:10 PM)
Rethink Your Fixed Ops People Strategy to Drive Profitability (Oct 26, 2018 02:10 PM)
Transition Your Pay Plans to Meet Today's Employee Demands (Oct 26, 2018 03:10 PM)
Reinsurance, Compliance and Structure (Oct 26, 2018 03:10 PM)
A&A Update (Repeat of AUT1815) (Oct 26, 2018 03:10 PM)
As dealerships continue to expand, the logistical and operational complexities of handling processes such as accounts payable, accounts receivable, cash flow, billing and payroll can become cumbersome and costly. More and more multi-store dealers are transitioning away from location-specific accounting functions in favor of a centralized service model.
Dealers continue to face threats to their security, profitability and efficiency. IT concerns and issues at the Dealership have typically fallen on the financial leadership to resolve. Join dealership technology guru Erik Nachbahr for an update on the state of IT in the automotive space and opportunities to drive improvement.Speaker(s):
There are many tax changes effecting dealerships and related industries, including those under the Tax Reform Act. The business model of a dealership lends itself to unique tax issues. This session aims to create an understanding of the tax history of the industry that is still relevant today and discuss its future under our current climate.
Participants will be able to:
This interactive session built on the famous and fabulous Jeopardy game show will present an overview of topical compliance issues facing automotive dealerships in 2018. Three audience volunteers will battle for the title "Compliance Cop".
This session is designed to those new to the industry — either within a CPA firm or newly hired into a dealership management position.
This session will:
This session offers solutions to some of the pressing DMS needs that you have, including functionality on reporting, multi-company abilities, and more. These providers will also offer highlights on emerging trends and capabilities to help your dealerships. This session is sponsored by three leading DMS providers.
Sponsored by: Reynolds, Auto/Mate and Dominion
Some learning objectives to include:
This session will give an overview of who is buying in today’s buy/sell market and why, including a discussion of new investors in auto retail. Erin Kerrigan will also review why more sellers are coming to market today and the impact of rising seller volume on today’s blue sky values and multiples. Finally, she will review the importance of dealership real estate to most transactions and the effects of image facilities on blue sky value.
Fast isn’t good if the numbers are wrong. The key to a good close is preparation and cooperation from sales. Having the schedules clean and doing daily bank recs can eliminate those chores from the month end. This session will discuss the importance of getting deals to the office on the 1st day of the month and provide helpful hints to make monthly entries during the month to lighten the amount of closing entries.
After this session you will:
1. Have a clearer understanding of the close out process and steps taken in preparation.
2. Identify roadblocks in their dealership to an effective close out.
3. Know how to engage the entire dealership in expediting the month-end close.
During this session we will cover recent fraud examples encountered at dealerships. We will address how the fraud schemes were discovered, what investigation steps occurred, and how each fraud may have been prevented. As a result of participating in this session, you should be able to define the current fraud risks present within dealerships, assess the fraud investigation process, and identify what controls may need to be implemented to prevent or detect the latest fraud schemes.
As a result of participating in this session, you should be able to:
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