Plus, why our brains fall for false expertise
MNCPA
MINNESOTA SOCIETY of
CERTIFIED PUBLIC ACCOUNTANTS
Business & Industry eNews
APRIL 10, 2018
Survey of the Month
In this issue, we share details on the European Union's General Data Protection Regulation (GDPR). With a deadline of May 25, is GDPR on your company's radar?
XX
Yes, our Terms of Service are squared away.
XX
We're working through the details and will be ready by May 25.
XX
No worries here. This won't impact us.
XX
Say what? This is the first I've heard of GDPR.
Answer survey question
Watch for survey results in the next issue of Business & Industry eNews.
      ACCOUNTING & AUDITING   
New IFRS conceptual framework revises foundational reporting concepts
Financial Management
Keep things consistent. That was the International Accounting Standards Board's (IASB) mantra as they recently reworked the framework for IFRS. What's changed? Read on.
      DIVERSITY & INCLUSION   
Why our brains fall for false expertise, and how to stop it
Strategy + Business
Our brains are partial to whatever catches our ear. Block the bias to ensure you can hear all perspectives and ideas over those that scream the loudest for our attention.
      LEADERSHIP   
Best Buy's CEO says he uses 5 criteria to decide whether someone's a leader
Business Insider
Best Buy is on a roll. Just look to growing sales and share prices for proof. What's in their secret sauce to success? CEO Hubert Joly shares the recipe.
      PERSONAL DEVELOPMENT   
Your first thought is rarely your best thought
Farnam Street
How do you make time to think big when, on some days, you barely have time to eat lunch? Take a minute to digest this food for thought.
      SPONSORED CONTENT   
Salo logo ebook: How to get ahead of attracting and retaining the best talent
Salo
Finding and keeping the talent that makes your business thrive is a constant challenge. Organizations that evolve everything from team structure to talent management strategies will gain a distinct competitive advantage. Download Salo's Talent Strategy ebook for help in navigating what's ahead.
      MANAGEMENT   
How Europe's new privacy rule is reshaping the internet
The Verge
With a looming deadline (May 25) and hefty penalty ($20 million), the EU's General Data Protection Regulation (GDPR) is no joke. What's your company doing to avoid being a punchline?
      PENSIONS & EMPLOYEE BENEFITS   
IRS lowers 2018 family HSA contribution limit
SHRM
Thank the Tax Cuts and Jobs Act for a midyear change to the 2018 contribution limit for health savings accounts. Here's the scoop to pass along to your employees.
      SUPERVISION   
The fairness factor in performance management
McKinsey Quarterly
Many performance management systems are under stress because employees harbor doubts that the core elements are equitable. A few practical steps can change that.

HR expert Larry Morgan will dive deep into performance management at the next HR Roundtable on April 25. Come with your questions and business cards, as this free member event doubles as an excellent networking opportunity.
What's better for your bottom line? Hiring a superstar or dumping a toxic worker?
Kellogg Insight
How many top performers does it take to offset the cost of one bad apple? Answer: Too many. You may be better served by dumping the duds over keeping your best and brightest happy.
      TECHNOLOGY   
5 ways blockchain technology will change the way we do business
Entrepreneur
Tired of hearing about blockchain? We get it, but guess what? It's not going anywhere. In fact, here are five ways the technology will disrupt how your company operates going forward.
Technology around self-driving cars drives forward, but future still uncertain
MPR News
In the very near future, your car will not rely on you to get from point A to point B. Instead, it'll rely on technology developed by Minnesota's own 3M.
Featured Jobs
Senior vice president/controller
Trust Point Inc.
Senior accountant
North Star Mutual Insurance Company
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Networking Opportunities
Get involved at the MNCPA. Email Anne Janotta Erickson, senior business & industry marketing coordinator, with questions or to sign up.
APR
25
HR Roundtable
7:30 - 9 a.m.  |  MNCPA, Bloomington
Topic: Performance management
MAY
9
YPG Happy Hour with DRIVE Emerging Leaders
4:30 p.m.  |  Pryes Brewing, Minneapolis
MAY
16
Controller Networking Group
7:30 - 9 a.m.  |  MNCPA, Bloomington
Topic: Perfecting PowerPoint
MAY
17
CFO Series: Managing Your Resources
8:30 a.m. - 4:30 p.m.  |  MNCPA, Bloomington
B&I Member Award
Rock stars needed for Business & Industry Member Award
Know a corporate CPA whose solo act deserves a standing ovation? Give the people what they want and nominate a rock star colleague for this prestigious award. Nomination deadline: May 18
Nominate a CPA today!
Controller Networking Group
Hey controllers: Here's a group just for you!
The Controller Networking Group gives controllers access to a supportive community of CPA peers. This members-only group meets quarterly to discuss topics vital to this specific role. Intrigued? You should be! Make plans to join us for the next meeting on Wednesday, May 16.
Join the Controller Networking Group
Technology Conference
Technology Conference
Discover practical tips to boost your productivity, simplify everyday tasks and strengthen security for your organization. Register by Friday, April 27 and save $100!
View conference details
Spring Recognition Dinner
MNCPA Spring Recognition Dinner
May 24 | 5:30 p.m. | Minneapolis Marriott Southwest
Anyone with CPA behind their name understands how much time and effort goes into earning the designation. New CPAs and their colleagues are invited to join us for this annual celebration featuring live music, dinner, entertainment and networking.

View event details
Business & Industry CPE
APR
26
Practical Annual Accounting Update for Industry
8:30 a.m. - 4:30 p.m. | Bloomington | 8 CPE
APR
30
Leading for Results: How to Lead and Manage More Successfully
8:30 a.m. - 4:30 p.m. | Bloomington | 8 CPE
MAY
18
Only Financial Officer 3.0: More Skills for Smaller Company Management
8:30 a.m. - 4:30 p.m. | Bloomington | 8 CPE
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Minnesota Society of Certified Public Accountants
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