December 2015

  Date:  Tuesday, January 26, 2016
  Doors Open:  6:00pm
  Location:  Biltmore Hotel & Suites
    2151 Laurelwood Road
    Santa Clara, CA 95054

Pic Credit Adam Kubokawa, Holiday party 2015  

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January Membership Meeting
GAAP Update
Susan Malone    
Hood & Strong LLP
Susan has been with Hood & Strong for more than 20 years and is an integral member of the firm's Not-For-Profit Service Group. She has worked with a broad array of clients across a spectrum of industries that includes higher education, arts and culture and philanthropy. In 2009, Susan was named one of the Bay Area's 150 Most Influential Women in Business by the San Francisco Business Times.

Susan is a member of the American Institute of CPAs, the California Society of CPAs, and the National Association of College and University Business Officers. She serves on the Board of Directors and is vice chair of the Hamilton Family Center. She is also a board member and past president of the San Francisco Arts Education Project. She graduated summa cum laude with a B.S. in Accounting from Ohio State University.
Please Note: Get registered online early since the registration will close the Sunday before the meeting.  Cost at the door the day of goes up for guests AND members. 


In This Issue:

~President's Message~
~January Membership meeting~
~December News~
  • Edronda Guiriba, Incoming AFWA Silicon Valley President in National AFWA News
  • New Finance Rules will Keep CFOs Busy in 2016
  • Travel advice- by Robert Half staffing

~Board of Directors~

~Committee Updates~

~AFWA Foundation~

~Annual Conference~



Eileen Perry 
AFWA - Silicon Valley Chapter President
Before I start thinking about what 2016 has in store, I want to take a minute to reflect on 2015.  I want to give a big, "thank you" to the board this year! Each board member has been fantastic! We had some transitions on the board early on that could have made this term difficult however, others stepped up and helped out effortlessly. Thank you Sue Stokke and Debbie Rosengarten! Thank you to Nicole Letellier for helping out with the October member meeting while a few of us attended national conference this year and for her support and advice along the way.
Allyson Girardi and Fiona Stephenson are new to the board this year and have handled their positions without fail. Both are incredibly busy professionals in their given fields and it has been wonderful knowing the chapter can depend on them. Lois Vega is a long time member who actually got me involved with AFWA to begin with. It was the best day ever hearing she was willing to be on my board as Secretary. She takes the best minutes! Nicole Sheets brings her incredibly bubbly personality to our meetings and almost always manages to make us all laugh at least once at every meeting. She is a person every organization should have at their events to keep things lively and fun. Barbara Lietzan is a long time member who agreed to simply assist our hospitality chair as needed. She is an amazingly friendly person and I felt incredibly honored that she agreed to help out with the board at all considering she did not have to.
Thank you to Amrit Dhaliwal who has been sending out our media blasts this year, which can be a bit time consuming; regardless, she sets time out of her very busy life to do what she does and it is greatly appreciated more than she knows! Julia Becklund is always there to help whenever and a very friendly person I enjoy having a conversation with anytime. She always has the most interesting stories. Please keep in mind she is the person to go to this year for scholarship information or if you are a member and interested in helping her review scholarship applications as well.
I can't forget Edronda Guiriba. I got to know her better while we roomed together at national conference in New Orleans the year before. She is hands down my right hand as President-Elect this year. Out of all the benefits I have received from my own membership with AFWA, her friendship has meant the most! Hope I can prove to be just as great of a support to her as she has been for me when she takes over as chapter President in June 2016! You are going to be great E!
Thank you again to you all! I am excited to see what 2016 has in store! We have some fun and big events coming up. We have GAAP and tax updates coming soon. For March we are talking about having a networking event that will be a casual weekend event at a different location than normal, (stay tuned.) April will be our scholarship awards dinner and as usual our big Gala event in May will be taking place.
Till we meet again in 2016, enjoy the rest of your 2015! Don't let the next few weeks get away from you. Take time to enjoy your family and friends!
Happy Holidays to you all! 


Our Incoming President Edronda Guiriba in National AFWA News

Edronda Guiriba Appointed to Accounting & Financial Women's Alliance LEAP Advisory Council

The LEAP Advisory Council was created to ensure the voice of emerging leaders is heard and utilized within the national accounting and finance organization.


(September 23, 2015, Lexington, KY) - Edronda Guiriba, Accountant/Auditor at Boman Accounting Group, Inc., has been appointed to the LEAP Advisory Council for the Accounting & Financial Women's Alliance (AFWA). LEAP, which stands for Lead Emerge Advance with Passion, was formed by AFWA to ensure emerging leaders have a voice within the national organization.

"As the membership of our organization ages, The AFWA National Board recognizes the importance of not only designing programming that appeals to young professionals but merges them into leadership roles as well. We're looking forward to the insight the LEAP Advisory Council will present as far as moving our organization forward for the next generation," said Lori Kelley, Chair of the AFWA Outreach committee.

Guiriba will serve as one of five appointed members in this inaugural year of the LEAP Advisory Council. In addition, Guiriba has been appointed by AFWA National President, Dianna Patton, CPA, CFP, to serve as Chair of the LEAP Advisory Council and Ex-Officio member of the AFWA National Board of Directors.

"Edronda shows a willingness to work, an ease at communication, and has the aptitude to succeed at everything she puts her energy into," said AFWA Member, Sue Stokke, Accounting Manager at the Good Shepherd Fund. AFWA anticipates Guiriba will bring the same energy to her role on the LEAP Advisory Council.

The LEAP Advisory Council will hold its first meeting this October during the AFWA National Conference in Pittsburgh, PA.

 "Congratulations Edronda!" - Silicon Valley AFWA

New Finance Rules will Keep CFOs busy in 2016

Regulation changes in the US and overseas are expected to keep CFOs busy next year, forcing them to make sure their departments are "nimble to cope with the next wave of compliance demands," The Wall Street Journal reports.

Among the four biggest areas of concern are revenue recognition, lease accounting, insurance contracts, and corporate tax planning. 
"The year is wrapping up with a long list of unsettled issues that will present challenges for corporate tax planning," according to The Journal. "Under congressional review are new proposals on tax base erosion and profit shifting, or BEPS, that have been submitted by the Organization for Economic Cooperation and Development." 

Travel Advice: How to unplug for vacation and stay un-plugged

Are you prepared to truly leave work behind on your next vacation? One of the indirect consequences of greater connectivity in business is that it's especially challenging for managers to unplug from the day-to-day activities of the office during their time off.

It hasn't stopped executives from trying, though. A 2012 Robert Half Management Resources survey found 51 percent of chief financial officers  do not check in during vacation . That number is nearly twice as much as the response to the same survey conducted just two years earlier . Whether it's because the economy is in better shape compared to previous years or because professionals are giving higher priority to their mental well-being, managers appear more willing to detach themselves from the daily grind for an extended period of time.

But before you shut down your computer during your next vacation
, you need to make sure your staff members are prepared to work effectively in your absence.

continue reading 


Board President:
Eileen Perry

Program Director:
Nicole Sheets

Newsletter/Web Chair:
Amrit Dhaliwal

President Elect:
Edronda Guiriba

Scholarship Director:
Julia Becklund

Hospitality Director: 
Allyson Girardi

Sue Stokke

CPE Chair:
Deborah Rosengarten

Hospitality Co-Chair: 
Barbara Lietzan

Lois Vega 
Membership Chair:
Fiona Stephenson, ACA

Immediate Past President:
Nicole Letellier



Chair: Nicole Sheets


There is an excellent line-up of programs for the Silicon Valley Chapter this year, and most of them qualify for CPE!  Check out the line-up as we have engaged some dynamic and outstanding speakers coming up for 2016.

GAAP Update 
Speaker: Susan Malone CPA

Tax Update
Speaker: Annette Nellen

Date: TBD
Speaker: TBD

Fiona Stephenson, ACA
  • All Levels of Accounting & Finance
  • Bookkeepers
  • Corporate Accounting Finance
  • Public Accounting
  • Management & Educators
  • Recruiters
If you would like to join the Silicon Valley Chapter of AFWA, follow the link to our National website:
Please feel free to complete the application or forward a copy to someone you think would benefit from joining our Chapter.
Prestigious status of professional affiliation
  • National contacts for networking and professional information
  • Forum for CPE
  • Scholarships
  • Leadership opportunities in supportive arena
  • Subscription to Accountability e-newsletter 
  • National and regional conferences at a discounted rate
  • Access to Career Center
  • Access to AFWA's LinkedIn, Facebook and Twitter groups and National online membership directory
  • Discounted membership to the Institute for Management Accountants (IMA)
  • Discounted products and services through affiliation agreements (CPA review courses, CCH tax & accounting books, Long Term Care Insurance and Bank of America credit card)
Email Fiona-

Hospitality Chair: Allyson Girardi
CPE Chair: Deborah Rosengarten, CPA

Reservation and cancellation policy:  
Reservations or cancellations are requested by noon on the Friday preceding each meeting.  Email Allyson- to reserve or cancel. The goal is an accurate count for the hotel.  Unreserved members (not guests) incur a surcharge of $5.00.
Reserved members or guests who are no-shows will be billed if not cancelled by noon the preceding Friday. We do want you to come to the meetings and reservations are helpful but if you have to cancel let us know beforehand to avoid incurring the cost of the meal.

WE ACCEPT CREDIT CARD PAYMENT AT THE DOOR with higher cost. Online registration will close on Sunday before the event day. 
Volunteers are always welcome at our monthly membership meetings. Lend a helping hand to make our monthly events and meetings even more interesting while building a great network and forming new relationships.
CPE credit is available for participating in any of our qualified programs.  See Debbie for more details in person at the meeting.

Chair: Amrit Dhaliwal

Send in your articles!


We encourage our membership to submit articles of interest for our monthly newsletter.  Please make your submission under the following criteria...

  • Prepared as a Microsoft Word document
  • Photos in JPEG format
  • Captions are okay, no imbedded text, please

The newsletter is prepared and distributed on a monthly basis.  Visit our web site at  If you have questions regarding articles to submit or about the newsletter, email the newsletter chair, Amrit,


Amrit is interested in hearing about your latest achievements and activities too, she will include the appropriate content in next newsletter. 

There are three sponsor levels of contribution established for the scholarship fund:
Sponsorship up to $150.00 
Sponsorship up to $200.00 
Sponsorship $350.00 or more

Share  the information! 
See Julia Becklund for more  details.
(Please contact Julia for information about our annual May Gala sponsor prices.)


The Foundation is all about us, accounting and financial professionals, we strive every day to make a difference in the financial world and in our communities. The Foundation is charged with raising funds for national scholarships, and educational advancement of our peers and rising leaders. 


The Foundation offers each of us the opportunity to support the future direction of the profession where we have gained our own personal successes.


It is important to support those entering the profession and working alongside us. Those that follow in our footsteps have much to teach us and much to learn from us. They embody the next generation of accounting and financial professionals. Our goal for you and AFWA is to lead the way in their development.




The Foundation promotes and advances education, career development and leadership in finance and accounting. Our vision is to guide women along the path to achieve success in finance and accounting.



 Founded in 1938, AFWA/ASWA provides  women in accounting and finance the  leadership, education and networking  opportunities needed to achieve their career  goals. Celebrating 75 years as the only  organization that solely represents the interest  of women in the entire accounting and finance  community. The organization's mission is to  enable women in all accounting and related  fields to achieve their full personal,
professional and economic potential and to  contribute to the future development of their  profession.