What Is Accounting Transformation? Donny Shimamoto
Welcome to the Accounting Influencers Podcast, going live every Monday to 150 countries and 30,000 accounting practitioners, fintech specialists and influencers in the accountancy, CPA and bookkeeping space. In today's episode 1 of a new season, "What Is Accounting Transformation? Donny Shimamoto." You can also watch this on youtube here: https://youtu.be/6iKrIxPUqsQ Donny Simamoto is the founder of IntrapriseTechKnowlogies LLC, an advisory-focused CPA firm accelerating innovation and organizational development for small and mid-market businesses and nonprofits. He is recognized as a global thought leader and educator in the fields of accounting innovation, IT risk management, and performance management. Key questions addressed in this episode : ☛ the origins of the Center for Accounting Transformation and what's happening at that brand here: www.improvetheworld.net ☛ what exactly is meant by 'accounting transformation' ☛ key areas of accounting transformation, including accounting firms , tax, audit, outsourced accounting and ☛ how the accounting firm transformation assessment works and the 6 major transformation areas firms must understand ☛ blueprints for tax return preparation automation and outsourcing that looks at the end to end tax return process ☛ findings on research into keys to success with tax staff outsourcing ☛ upcoming research on what accounting firms that have successfully used outsourcing are doing and lessons learned ☛ the content of audit self-study course (automation, artificial intelligence, blockchain, data analytics, data visualization and the future of audit) ☛ the approach PwC has used to educate its entire US staff to identify opportunities to leverage technologies. ☛ toolkits in In CAS and finance transformation to help finance application and vendor selection for ERP and CPM solutions ☛ DEandI research findings from multiple state accounting societies, media, and firm associations Donny co-chair of the National Conference of Lawyers and CPAs, past chairman of the AICPA’s Information Management and Technology Assurance Executive Committee, and former member of its Governing Council, Assurance Services Executive Committee, and numerous other AICPA committees and task forces. He is also a past member of the IFAC Technology Advisory Group. Donny was recognized as one of the Top Thought Leaders in Public Accounting by CPA Practice Advisor from 2012 to 2022, Top 100 Most Influential People in Accounting (2013/2014/2017-2021) by Accounting Today, received the 2009-2010 President’s Award from the Hawaii Society of CPAs, was named to CPA Technology Advisor’s 40 Under 40 list in 2007 and 2009 and 2014, and was also a Hawaii Top High Tech Leader in 2004. Facebook/Instagram/LinkedIn/Twitter: @donnyitk https://improvetheworld.net ****************************** ACCOUNTANTS If you have a business development, sales or growth angle to your role, and are expected to bring in new business, here's a great resource for you: Are you a busy accountant struggling to create more revenue and career opportunities? As an accounting professional, you likely have a business development strategy, selling or work winning dimension to your role and the ability to generate new revenues is what makes you wealthier, more promotable and more valuable to your employers. Many accountants struggle to bring in the kind of work that gets them noticed or makes them promotable. If you’re a partner, you’re under pressure to show you’re worth a seat at the table. If you’re below partner level, you know that beyond technical competence, the passport to partnership is the ability to drive growth. This unique guide is designed for accounting professionals in practice with 5 simple but effective things to do every day to create significant new career opportunities, greater influence, a better network and new business conversations. What you will learn: ✓ What...