CPAs to hold seminar on strategic planning for co-ops
By THE STAR STAFF
Given the economic projections for the new year 2023 and as part of the education and training effort on accounting principles directed at sectors that promote the local economy, the Certified Public Accountants Association of Puerto Rico (CCPA by its Spanish initials) will hold a seminar titled “Strategic Planning for Credit Unions Taking into Consideration the Fiscal Plan of the Public Corporation for Supervision and Insurance of Puerto Rico Cooperatives (COSSEC by its Spanish acronym)” on Thursday, Jan. 26 from 9 a.m. to 4:45 p.m.
The in-person event, to be held at CCPA headquarters in the Capital Center I Building in Hato Rey, is aimed at CEOs of credit unions, credit union employees and members of boards of directors, as well as certified public accountants who perform work for credit unions.
“The cooperatives sector in Puerto Rico is a solid one and for the past decades it has shown constant growth islandwide, so it is important to provide co-ops with advanced tools so that they can maximize their operations, making them more profitable and competitive considering the initial economic projections for 2023, and in compliance with their regulatory entity, COSSEC,” CCPA President Aixa González Reyes said.
During the seminar, participants will acquire skills and be trained in areas such as identification of the components of a strategic plan for credit unions in an environment of rising interest rates, excess liquidity, changes to generally accepted accounting principles (GAAP), GAAP capital requirements considering prevailing environmental conditions, and consideration of competition, market and industry benchmarking.
Those interested in participating can register through the website: https://www.colegiocpa.com/ account/#calendar/event/74059. More information can be obtained by calling 787-622-0900 or visiting the digital platforms of Facebook, Twitter, LinkedIn and Instagram under @colegiocpapr.