What is the Second Year Impact of Inflation?

Date: Thursday, December 8, 2022
Time: 02:00 PM ET / 01:00 PM CT / 12:00 PM MT / 11:00 AM PT [Prevailing Time]
Presenter: Juanita Schwartzkopf, CPA, CFE, Senior Managing Director, Focus Management Group
Moderator: Wayne Sine, CPA, Director of Education, National Society of Accountants for Cooperatives
Learning Objectives:
Attendees will come away with tools for dealing with the second year of inflation, and its cumulative effect on performance.
Field of Study: Economics
Program Level: Intermediate
CPE Credit: 1.5 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.
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Course Description

The US economy is now in its second year of inflationary pressures and businesses need to find new ways to analyze, adapt, and forecast business performance.  The CPI first reached 5.0% in May of 2021 and exceeded 6.0% by October 2021.  The PPI first reached 6.5% in April 2021.  With the September CPI and PPI still at 40-year high levels, we are now looking at the second year of increasingly increasing costs. 

What is the second year impact of inflation? 

With the economy now in its second year of inflation above 5.0%, the year-over-year inflation rate may seem to be moderating in the 8% range after the CPI peaked at 9.1% in June 2022 and the PPI peaked at 11.2% in March 2022; however, that understates the serious economic impact inflation has had on the cost structures of businesses from 2020 to 2022.

Presenter and Moderator Bios

Presenter: Juanita Schwartzkopf, CPA, CFE, Senior Managing Director, Focus Management Group

Juanita Schwartzkopf, senior managing director at Focus Management Group, has over 35 years of experience in commercial banking, business management, and financial advisory services.  She has dealt with asset recovery situations involving the court and out-of-court situations on behalf of borrowers and lenders.  Juanita’s extensive background provides her clients with creative methods of solving complex recovery problems.  She has worked with nearly all major financial institutions in the evaluation of credit risk of borrowers, including developing strategies ranging from cost reductions to asset sales, to refinancing of existing lenders.  Her experience crosses over into a variety of industries, including all aspects of food and agribusiness, healthcare, energy, distribution, transportation, real estate, manufacturing, and distribution.  Over the past three years, Juanita has helped many companies navigate the opportunities and difficulties that the Covid-19 pandemic and the government’s response to the financial stress have combined to create for businesses.  She has been involved in numerous panels addressing supply chain and performance risk issues and has written extensively on dealing with inflation, labor, supply chain, and cyber security problems, combined with the difficulty analyzing year-over-year financial performance as driven by the pandemic impacts.  

Moderator: Wayne Sine, CPA, Director of Education, National Society of Accountants for Cooperatives

Wayne Sine is an experienced and highly knowledgeable professional in the field of Tax. Wayne recently retired as Tax Director from his company, Southern States Cooperative. He has extensive experience working with agricultural cooperatives and has been a long time member of the NSAC. He is extremely active in the NSAC, serving as both past Chapter President of the Atlantic Chapter, past Chair of the Tax Committee, and is currently serving as the NSAC Director of Education.. Wayne's career is marked with several accomplishments, and he has always been involved in many organizations, spreading his knowledge. Wayne is a member of the Legal, Tax, and Accounting (LTA) Committee for the National Council of Farmer Cooperatives. He is also Past Chair of both the Tax Committee of the Virginia Chamber of Commerce and the Virginia Manufacturers Association. Wayne also served on the Tax Policy Committee at the Virginia Society of CPAs, and served as past Region Vice President for the Tax Executives Institute. 

Cost
Free for NSAC Members / $56.00 for Non-Members

Delivery System

• All programs are delivered using the Zoom platform.
• Confirmations will include log-in instructions.
• Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
• All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
• There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

Registration

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

Refund Policy

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Additional Information

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.