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What Is Accounting Transformation? Donny Shimamoto

Rob Brown and Donny Shimamoto discuss reform, transformation and change in the accounting profession at individual accountant and CPA plus practice level.

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

☛ DE&I 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 & 2009 & 2014, and was also a Hawaii Top High Tech Leader in 2004.

Facebook/Instagram/LinkedIn/Twitter: @donnyitk​

https://improvetheworld.net

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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 is a ‘reachout’ and how to create your target list

✓ How to keep in touch with your contacts and how to approach follow up

✓ How to make an introduction and extend your network by being helpful

✓ How to start a conversation with someone you don’t already know

✓ How to make a new business offer without being salesy

If you follow and implement this guide, you will create significant new career options and new business opportunities in the next 30 days. Start today by taking control and toning up your business development skills with a tried and tested 5 step system you can apply with ease every single day. 

DOWNLOAD LINK: https://accountinginfluencers.com/growth-opportunities-accountants/

If you like the show and listen to multiple episodes, we’d really appreciate your appreciation with a review or rating. As most of our listeners tune in via Apple podcasts…

How to leave a review on Apple Podcasts

① Open the Podcasts app on your iPhone, iPad, or Mac.

② Navigate to the page of the Accounting Influencers Podcast.

③ Scroll down to find the subhead titled “Ratings & Reviews.”

④ Under one of the highlighted reviews, select “Write a Review.”

Anything about the style of the show, the frequency, the content, the CPE/CPD, the guests, the different segments or something in particular that’s made a difference. Listeners can rate the show on a scale of one to five stars and can also add a written review. 

Please also recommend the show to people in your network because we’d love to reach a wider audience. Thank you from Rob and the whole Accounting Influencers Podcast team.

Imogen Allen