Major Developments Make NABD Orlando a Must Attend
By Nick Zulovich
It was just a little more than four months ago that the National Alliance of Buy-Here, Pay-Here Dealers hosted its annual convention in Las Vegas. However, Ken Shilson emphasized that two significant developments have happened since NABD gathered ahead of Memorial Day weekend, making its next BHPH Conference during the first days of November all the more important for operators to attend.
The conference, whose theme is “Best Practices to Succeed Now,” is designed for both new and experienced operators. The event that runs Nov. 1-3 at the Rosen Shingle Creek Resort in Orlando, Fla., will take a deep look at what Shilson called one of the “most significant accounting changes buy-here, pay-here operators will ever encounter.” That change is the American Institute of Certified Public Accountants passing new credit loss measurement standards that require operators to estimate future anticipated losses on their receivables.
“There’s nobody who is going to be helped by this rule. There’s no silver lining in this cloud. It’s going to adversely affect everyone,” Shilson stressed to BHPH Report during a recent telephone conversation.
“Every time you book a receivable in the future, you’re going to…Click Here to Read More