Objective
- Understand the variables, including recent examples, that impact forecasting
- Explore the basis for tax policies in the U.S.
- Review the history of economic and tax policies
- Examine, by industry, the major changes in the TCJA that affect organizations and selected provisions for individual filers
- Highlight the goals of the TCJA and the results to date
- Review the results of surveys from CEOs and CFOs covering their current and mid-term concerns. Explore several major areas (risk management, M&A, alliances, financing, governance, and valuable future skills)
- Identify a series of long-term trends, their potential impact on various industries, and how they may significantly change the business environment. The topics include global public and private debt, AI, data privacy, blockchain, and others.
Highlights
- The Difficulty of Forecasting: The role economic forecasts play in tax policy and recent well-known forecasts that were wrong and why
- Taxes and Economic Policies: Composition of U.S. economy; fiscal and monetary policy; brief history of economic and tax policies; the U.S. economy in 2017
- Provisions of the TCJA: Major changes for businesses; selected changes for individuals; stated goals of TCJA; impact of the changes by industry
- Early Results: Factors affecting capital spending and recent uses of tax savings by corporations
- CEOs’ and CFOs’ Concerns: Summary of surveys focused on near and mid-term concerns; specific trends and business topics; suggestions to improve future corporate performance
- Long-Term Trends: Trends/events that may shape the business environment and what they can mean to your organization
Designed For
Public, private, and non-profit organizations and their members - CFOs, CEOs, Controllers, Managers and Auditors.Prerequisite
Experience and/or exposure to financial managementAdvanced Preparation
None