The Accounting Podcast

By Blake Oliver & David Leary

The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Pl... more

4.4

320320 ratings

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FAQs about The Accounting Podcast:

How many episodes does The Accounting Podcast have?

The podcast currently has 552 episodes available.

The Accounting Podcast episodes:

July 02, 2024Pig Butchering & Mouse Jiggling
Blake and David explore the intersection of AI, remote work, and accounting technology. They take a look at the phenomenon of "mouse jiggling," examine various AI tools reshaping the accounting industry, and analyze a survey showing widespread adoption of AI in the workplace. There's also a review of different AI chatbots, highlights on new AI-powered accounting startups, and a brief look at the U.S. government's online passport renewal system. This wide-ranging conversation offers valuable insights into the evolving landscape of work and technology in the digital age.
Sponsors
LiveFlow - http://accountingpodcast.promo/liveflow
RightRev - http://accountingpodcast.promo/rightrev
Makers Hub - http://accountingpodcast.promo/makershub
Genwise - http://accountingpodcast.promo/genwise

Chapters
(01:14) - Mouse Jiggling Scandal at Wells Fargo
(05:28) - Pig Butchering Scams and Synapse Bankruptcy
(09:20) - Return to Office Mandates and Employee Turnover
(12:55) - AI Tools in Accounting: Zapier Central Demo
(18:18) - Impact of AI on Freelance Jobs
(21:49) - Private Equity and Audit Board Acquisition
(26:05) - AI Co-Pilot for Accounting Firms: Materia Raises $6.3 Million
(30:04) - Technology Maturity and Firm Revenue
(36:10) - AI Adoption in the Workplace
(38:15) - AI Tools Revolutionizing Financial Reporting
(40:42) - The Rise of Chatbots: A Wall Street Journal Analysis
(42:08) - Comparing Chatbot Performance Across Different Tasks
(51:28) - The Future of AI in Accounting Firms
(01:00:57) - Innovations in Government Services
(01:03:23) - Wrap-Up and Announcements
Show Notes
Meet Zapier Central's Chrome extension: Work with your personal AI bots anywhere
https://zapier.com/blog/zapier-central-chrome-extension/

The Great AI Challenge: We Test Five Top Bots on Useful, Everyday Skills
https://www.wsj.com/tech/personal-tech/ai-chatbots-chatgpt-gemini-copilot-perplexity-claude-f9e40d26

Numeric secures $10m in Seed funding to revolutionise accounting automation
https://fintech.global/2024/05/08/numeric-secures-10m-in-seed-funding-to-revolutionise-accounting-automation/

Finaloop secures $35 Million in Series A
https://www.finextra.com/pressarticle/101198/finaloop-secures-35-million-in-series-a

June 2024 Update: Beta Release of an Online Passport Renewal System
https://travel.state.gov/content/travel/en/passports/have-passport/renew-online.html

California Board of Accountancy CPANext Survey
https://www.linkedin.com/posts/cbanews_we-want-to-hear-from-you-this-weekend-is-activity-7212584294232285184-25sa

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Get in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.

Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Need Accounting Conference Info?
Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch

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YouTube: https://www.youtube.com/@TheAccountingPodcast
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Stitcher: http://cloudacctpod.link/Stitcher
Overcast: http://cloudacctpod.link/Overcast
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
...more
1h 9min
July 02, 2024Outsourcing 101 for Accounting Firms with Kwame Agyei
Kwame Agyei, founder and CEO of Appoynt, joins Blake and David to discuss the benefits of outsourcing specific business functions like accounts receivable management. Kwame shares his unique journey from accountant to entrepreneur and offers practical advice on effectively leveraging virtual assistants while addressing common concerns around security and building trust.

Meet Our Guest, Kwame Agyei
LinkedIn: https://www.linkedin.com/in/kwame-agyei-b3ab1333/

Learn more about Appoynt
Website: http://www.appoynt.co.uk/
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Get in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.

Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Need Accounting Conference Info?
Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch

Subscribe
Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
YouTube: https://www.youtube.com/@TheAccountingPodcast
Spotify: http://cloudacctpod.link/Spotify
Podchaser: http://cloudacctpod.link/podchaser
Stitcher: http://cloudacctpod.link/Stitcher
Overcast: http://cloudacctpod.link/Overcast

Classifieds
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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
...more
26min
June 26, 2024What CFOs Are Thinking: AI, Talent Crisis, Gen Z, and More
Adam Zaki of CFO.com joins Blake and David to explore the trends reshaping the industry, from AI to the talent shortage. They dive into the murky waters of corporate financial controls and audit practices. They also examine what makes a truly effective CFO in today's dynamic business environment and why authenticity might be the most valuable trait in a leader's toolkit. Get an insider's perspective on the 150-hour CPA licensing requirement and hear ideas for reform that could revolutionize the profession.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
RightRev - http://accountingpodcast.promo/rightrev
Makers Hub - http://accountingpodcast.promo/makershub

Chapters
(01:18) - AI Trends in Finance
(02:42) - Adoption and Challenges of AI
(09:34) - Talent Shortage in Finance
(13:33) - Gen Z in the Finance Profession
(20:36) - Real Consequences of The Breakdown of Financial Controls
(30:03) - AT&T is Bypassing Big 4 Recruitment & Blake's Career Path
(31:45) - Q&A Session Begins
(32:22) - Would You Trade Your Job for a CFO Role?
(33:23) - Work-Life Balance in Accounting
(35:10) - Other Ways We Can Attract Talent to The Accounting Profession
(39:21) - Challenges in the Accounting Profession
(50:06) - Mentorship and Leadership in Accounting
(57:22) - Closing Remarks and Future Guests
Show Notes
Follow Adam’s stories on CFO.com: https://www.cfo.com/editors/azaki/
75% of employees use AI at work: report | CFO

San Francisco 49ers, MLB Star Shohei Ohtani Wrestle With Poor Financial Controls

34% of KPMG tax, audit and advisory interns plan to stay 5 years at first job: report | CFO

Gen Z Pivots from Accounting, Pursues Creative Freedom and Entrepreneurship | CFO

No Gimmicks, Just Authenticity: How To Attract Gen-Z Talent | CFO

Peacocking, newskilling and digital detox: 9 new workplace trends CFOs must know | CFO

Senior Leaders Nearly Twice as Likely To Receive AI Resources as Junior Staff | CFO

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Get in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.

Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Need Accounting Conference Info?
Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch

Subscribe
Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
YouTube: https://www.youtube.com/@TheAccountingPodcast
Spotify: http://cloudacctpod.link/Spotify
Podchaser: http://cloudacctpod.link/podchaser
Stitcher: http://cloudacctpod.link/Stitcher
Overcast: http://cloudacctpod.link/Overcast
Classifieds
Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
...more
1h
June 20, 2024ChatGPT Beats Humans at Financial Statement Analysis
Sponsors
LiveFlow - http://accountingpodcast.promo/liveflow
RightRev - http://accountingpodcast.promo/rightrev
Makers Hub - http://accountingpodcast.promo/makershub

Chapters
(00:38) - Blake's Conference Adventures
(03:13) - AI and the Future of Auditing
(05:16) - Insights from the IMA Conference
(10:00) - The AI Tipping Point
(14:48) - Microsoft Announces Delay of Their Ai Recall Tool
(21:33) - AI in Financial Statement Analysis
(34:12) - Community and Future Plans
(38:08) - Synapse Bankruptcy and What It Means for FinTech Banks
(49:50) - PwC and OpenAI Partnership
(51:39) - EY Is Spending $1 Billion on Something
(53:48) - Big Four Compensation Insights
(57:16) - Fake News on Stimulus Checks
(01:00:52) - Listener Mail and Advice for Starting a Firm
(01:07:27) - Wrap-up and Announcements
Show Notes
Study: ChatGPT Better at Financial Statement Analysis Than Humans
https://nysscpa.org/news/publications/the-trusted-professional/article/study-chatgpt-better-at-financial-statement-analysis-than-humans-060524

PwC to resell ChatGPT Enterprise
https://www.accountingtoday.com/news/pwc-to-become-first-official-reseller-for-openai-for-openais-chatgpt-enterprise

EY US to invest $1 billion in compensation and technology to improve the attractiveness of the accounting profession
https://www.ey.com/en_us/newsroom/2024/06/ey-us-to-invest-1-billion-in-compensation-and-technology

Change is in the air: And it is helpful.
https://www.orcpa.org/news/13ff8628-9c17-43b1-858a-148af698c818:change-is-in-the-air-and-it-is-helpful

Potential deposit shortfall in Synapse bankruptcy falls in regulatory grey area
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/potential-deposit-shortfall-in-synapse-bankruptcy-falls-in-regulatory-grey-area-82041848

Apple brings ChatGPT to Siri as it debuts ‘Apple Intelligence’ at WWDC 2024
https://www.theguardian.com/technology/article/2024/jun/10/apple-ai-product-launch

How does Sam's Club AI work?
https://www.statesman.com/story/news/state/2024/05/02/sams-club-ai-check-receipt-exit-stores-texas-locations/73526045007/
How fake stories about IRS stimulus checks took over the internet
https://www.fastcompany.com/91138837/fake-stories-irs-stimulus-checks-flood-internet-google-news

Fact Check: Is The IRS Really Giving An $8700 Stimulus Check?
https://finance.yahoo.com/news/fact-check-irs-really-giving-192246766.html

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Get in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.

Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Need Accounting Conference Info?
Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch

Subscribe
Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
YouTube: https://www.youtube.com/@TheAccountingPodcast
Spotify: http://cloudacctpod.link/Spotify
Podchaser: http://cloudacctpod.link/podchaser
Stitcher: http://cloudacctpod.link/Stitcher
Overcast: http://cloudacctpod.link/Overcast
Classifieds
Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
...more
1h 10min
June 17, 2024The Compelling Case for Nearshoring Accounting to Argentina
Discover the compelling advantages of nearshoring your accounting and finance functions to Argentina. In this episode, Nicolás Villafañe, partner at South Offices, shares his insider perspective on why Argentina is a top destination for accessing skilled talent while enjoying significant cost savings compared to hiring in the US.
Learn how Argentina's timezone alignment, cultural affinity, and highly qualified pool of licensed CPAs can provide your business with a seamless experience as if you were hiring remote employees. Nicolás also shares a case study of how his firm has partnered with a US client to build a successful, integrated team.
If you've been considering nearshoring options, this episode is packed with valuable insights to help you evaluate your choices and unlock the benefits for your business. Tune in now to explore the power of nearshoring!
Meet Our Guest, Nicolás Villafañe
LinkedIn: https://www.linkedin.com/in/nicolasvillafane/

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Get in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.

Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Need Accounting Conference Info?
Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch

Subscribe
Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
YouTube: https://www.youtube.com/@TheAccountingPodcast
Spotify: http://cloudacctpod.link/Spotify
Podchaser: http://cloudacctpod.link/podchaser
Stitcher: http://cloudacctpod.link/Stitcher
Overcast: http://cloudacctpod.link/Overcast

Classifieds
Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
...more
25min
June 13, 2024Will Intuit Go Red in the 2024 Election?
Blake and David get brutally honest about why pricey accounting conferences are a no-go and how the industry sidelines neurodivergent professionals. You'll also get a rundown of the rebranded Intuit Connect event's new direction, the political firestorm around IRS Direct File, and a Google Sheets update that will blow your mind. From the mailbag, don't miss one reader's incredible story of passing the CPA exam in record time and our take on why firms need to rethink degree requirements. Plus, we offer real-talk advice for starting your own
bookkeeping biz and take shots at the infamous 150-hour rule.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Relay - http://accountingpodcast.promo/relay
Makers Hub - http://accountingpodcast.promo/makershub

Chapters
(01:02) - David Has FOMO
(03:50) - The Cost of AICPA Engage
(07:11) - ADHD and Conferences
(16:39) - Community Engagement and Comments
(21:23) - Intuit Connect Announcement & Going After the Mid-Market
(28:54) - Future of Accounting with AI
(32:59) - AI Agents Replacing Human Labor
(34:07) - Preparing for a Future in Accounting
(35:06) - The Value of Practical Experience
(36:52) - Listener Feedback and Community Engagement
(39:14) - Intuit and IRS Direct File Controversy
(48:20) - Google Sheets' New Conditional Notifications
(51:11) - Listener Mailbag: Unique Paths to CPA
(55:28) - Earning Your Accounting Degree Quick!
(59:13) - The Debate on College Degrees and Signaling
(01:04:29) - Closing Remarks and Thanks for Listening
Show Notes
House GOP proposes IRS funding cuts, defunding free tax filing ...
Intuit Connect 2024 - Formerly QuickBooks Connect

Google Sheets’ new ‘conditional notifications’ easily keep track of small changes - The Verge

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Get in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.

Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Need Accounting Conference Info?
Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch

Subscribe
Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
YouTube: https://www.youtube.com/@TheAccountingPodcast
Spotify: http://cloudacctpod.link/Spotify
Podchaser: http://cloudacctpod.link/podchaser
Stitcher: http://cloudacctpod.link/Stitcher
Overcast: http://cloudacctpod.link/Overcast
Classifieds
Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
...more
1h 6min
June 07, 2024From Compliance to Consulting: A CPA's Journey into M&A and Business Valuation
Anthony Venette, Director of Business Valuation and Advisory Services at DeJoy & Co., joins Blake to discuss his unconventional career path and the world of business valuation. Anthony shares his journey from audit to tax and eventually to valuation, highlighting the importance of soft skills and effective communication in advisory roles. He also provides valuable insights into the day-to-day life of a valuation professional and offers advice for young CPAs interested in pursuing this career path.
Meet Our Guest, Anthony Venette
LinkedIn: https://www.linkedin.com/in/anthonyvenettecpaabv/

Learn more about DeJoy & Co.
https://www.teamdejoy.com/
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Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
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Get in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.

Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Need Accounting Conference Info?
Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch

Subscribe
Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
YouTube: https://www.youtube.com/@TheAccountingPodcast
Spotify: http://cloudacctpod.link/Spotify
Podchaser: http://cloudacctpod.link/podchaser
Stitcher: http://cloudacctpod.link/Stitcher
Overcast: http://cloudacctpod.link/Overcast

Classifieds
Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
...more
25min
June 03, 2024What's the Journal Entry for a Hush Money Payment?
Blake and David delve into the accounting and bookkeeping aspects of Donald Trump's recent guilty verdict in New York. They discuss the charges related to falsifying business records and hush money payments and explore the potential implications for Trump's businesses and campaign. Their conversation also touches on the current state of AI in accounting, the retirement of AICPA president Barry Melancon, and the challenges facing the profession in attracting new talent.
Sponsors
LiveFlow - http://accountingpodcast.promo/liveflow
Zoho - http://accountingpodcast.promo/zoho
Blue Onion - http://accountingpodcast.promo/blueonion
Bean - http://accountingpodcast.promo/bean

Chapters
(01:10) - Breaking Down Trump's Guilty Verdict
(02:56) - Analyzing the Charges
(04:52) - Legal Implications and Campaign Finance
(07:54) - Trump's Bookkeeping and Legal Strategies
(10:01) - Asking ChatGPT How This Entry Should Have Been Coded
(17:14) - Commercial Real Estate and Trump's Properties
(24:50) - Puzzle Accounting and AI Automation
(29:15) - Rose Financial's EASBY adds AI
(33:23) - Challenges in AI Categorization
(34:07) - Human Oversight in AI Accounting
(35:38) - Digits' AI Performance and Market Comparison
(39:10) - Live Listener Question: Career Path in Accounting
(42:28) - University of Scranton Brags About Number of Accounting Papers They've Published
(43:00) - AICPA's Future as President Barry Melancon Announces Retirement
(52:32) - App Review: Rose AI-Powered Spreadsheet
(54:34) - Watch Our TurboTax Business Assisted 2024 Review and Listen to the Best Metrics Podcast
(57:07) - Earn CPE For Listening To Our Podcast
Show Notes
"Who's the victim of Trump's Bookkeeping?" Washington Examiner
https://www.washingtonexaminer.com/daily-memo/3014100/who-is-the-victim-of-trumps-bookkeeping/

Trump May Owe $100 Million From Double-Dip Tax Breaks, Audit Shows
https://www.nytimes.com/2024/05/11/us/trump-taxes-audit-chicago.html

The Office-Market Meltdown Comes for Trump’s Prized Wall Street Building
https://www.wsj.com/real-estate/commercial/the-office-market-meltdown-comes-for-trumps-prized-wall-street-building-31b3a667

Profession Leader Humbly Requests You STFU About Long Hours, Busy Season, and Stress
https://www.goingconcern.com/profession-leader-humbly-requests-you-stfu-about-long-hours-busy-season-and-stress/

New AICPA chair: ‘We need to promote the cool work we do’
https://www.journalofaccountancy.com/issues/2024/jun/new-aicpa-chair-we-need-to-promote-the-cool-work-we-do.html

Rose Financial Solutions Sets Goal to Automate 85% of Finance and Accounting Activities by 2030
https://www.prnewswire.com/news-releases/rose-financial-solutions-sets-goal-to-automate-85-of-finance-and-accounting-activities-by-2030-302145576.html

TAP: TurboTax Business Assisted Review 2024 (for Tax Year 2023)
https://www.youtube.com/watch?v=zaaMIV1lyns

Check out Best Metrics here:
https://bestmetrics.transistor.fm/

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Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
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Get in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.

Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Need Accounting Conference Info?
Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities
TeePublic Store: http://cloudacctpod.link/merch

Subscribe
Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
YouTube: https://www.youtube.com/@TheAccountingPodcast
Spotify: http://cloudacctpod.link/Spotify
Podchaser: http://cloudacctpod.link/podchaser
Stitcher: http://cloudacctpod.link/Stitcher
Overcast: http://cloudacctpod.link/Overcast
Classifieds
Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
...more
1h
May 31, 2024Rethinking Accounting Education in the Age of AI
Dr. Mfon Akpan, Assistant Professor of Accounting at Methodist University joins Blake and David for a conversation on the impact of AI on accounting education, the challenges faced by accounting graduates entering the workforce, and the future of the CPA profession. Dr. Akpan shares his insights on incorporating AI into the classroom and the importance of lifelong learning in the rapidly evolving world of technology.
Sponsors
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Keeper - http://accountingpodcast.promo/keeper
Bean - http://accountingpodcast.promo/bean

Chapters
(01:43) - AI in Accounting Education
(02:49) - Prompting Techniques for AI
(04:36) - Practical Applications of AI in Accounting
(05:52) - Challenges and Benefits of AI in Education
(07:00) - Incorporating AI into Accounting Curriculum
(15:07) - Debate on Accounting Education and Skills Gap
(23:51) - The 5th-Year Requirement for CPAs
(35:01) - The Value of Personal Interaction in Education
(35:42) - The Importance of Smaller Class Sizes
(37:33) - The Role of AI in Education
(41:29) - Improving Salaries in the Accounting Profession
(43:09) - The Impact of Technology on Accounting Jobs
(43:55) - Balancing Work and Life in Accounting
(56:26) - The Future of Accounting Education
(01:00:27) - Embracing AI in Accounting
(01:03:30) - Final Thoughts and Conclusion
Meet our Guest, Dr. Mfon Akpan
Website: https://mfonakpan.com/
LinkedIn: https://www.linkedin.com/in/drmfonakpan/

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Transcripts
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
...more
1h 5min
May 24, 2024The Startups Seeking to Dethrone QuickBooks
Blake and David dig into reports from the Illinois CPA Society and National Pipeline Advisory Group highlighting issues like long work hours, the 150-hour rule, and low starting salaries. They examine the potential disruption of traditional accounting software by startups and vertical SaaS companies offering embedded accounting functionality and review some of the CPA Practice Advisor Readers' Choice Awards. Wrapping things up, they highlight the health risks of long working hours, and discuss the need for better work-life balance in accounting firms, based on a recent WHO report.
Sponsors
OnPay - http://accountingpodcast.promo/onpay
Cloud Accountant Staffing - http://accountingpodcast.promo/cas
Keeper - http://accountingpodcast.promo/keeper
Blue Onion - http://accountingpodcast.promo/blueonion

Chapters
(01:44) - Does QuickBooks have some new competition?
(07:05) - Layer wants to be a GL service
(10:08) - Lili's place in the marketspace
(13:26) - The role of accountants in software success
(16:28) - CPA Practice Advisor's 2024 Reader Choice Awards
(18:53) - Illinois CPA Society survey results
(25:31) - WHO publishes estimates on health costs from working long hours
(30:02) - The long-awaited NPAG Impact Report was released!
(33:11) - Identifying pipeline problems
(35:06) - Reasons students don't choose accounting majors
(49:45) - Final points from report
(53:31) - Blake's theory on why accounting starting salaries are low
(01:00:15) - Thanks for listening and remember to subscribe

Show Notes
Teal Announces $8M Seed Investment to Drive Next-Gen Accounting Products for Vertical SaaS
https://www.businesswire.com/news/home/20240520567117/en/Teal-Announces-8M-Seed-Investment-to-Drive-Next-Gen-Accounting-Products-for-Vertical-SaaS
Embedded accounting startup Layer secures $2.3M toward goal of replacing QuickBooks
https://techcrunch.com/2024/05/15/embedded-accounting-layer-2-3m-quickbooks/?guccounter=1
Illinois CPA Society Releases Updated CPA Pipeline Report
https://www.icpas.org/about-us/press/press-release-details/2024/05/16/illinois-cpa-society-releases-updated-cpa-pipeline-report
National Pipeline Advisory Group releases draft strategy report
https://www.accountingpipeline.org/draft-report/
Embedded accounting startup Layer secures $2.3M toward goal of replacing Quickbooks | TechCrunch
https://techcrunch.com/2024/05/15/embedded-accounting-layer-2-3m-quickbooks/

The Best Tech for Accounting Firms: CPAs Voted for Readers Choice Tech Awards
https://www.cpapracticeadvisor.com/2024/05/15/2024-cpa-practice-advisor-readers-choice-award-winners-announced/105089/

Lili Launches New Accountant AI for Small Business Financial Management
https://www.cpapracticeadvisor.com/2024/05/16/lili-launches-new-accountant-ai-for-small-business-financial-management/105520/

Embedded accounting startup Layer secures $2.3M toward goal of replacing QuickBooks
https://techcrunch.com/2024/05/15/embedded-accounting-layer-2-3m-quickbooks/

Kabbage Inc. Settles Allegations of PPP Fraud
https://smallbiztrends.com/?p=1487492

US accounting group bows to calls for faster path for recruits
https://www.ft.com/content/b6562303-cfda-4c6e-bb7b-8fe6e092bb01

National Pipeline Advisory Group releases draft strategy report - National Pipeline Advisory Group
https://www.accountingpipeline.org/draft-report/

Bench and Shopify alumni announce $11M CAD to build “the Stripe for accounting” with Teal - BetaKit
https://betakit.com/bench-and-shopify-alumni-announce-11-million-cad-to-build-the-stripe-for-accounting-with-teal/

Embedded accounting startup Teal raises $8M seed
https://www.axios.com/pro/fintech-deals/2024/05/20/embedded-accounting-teal-8-million-seed

The Indicator from Planet Money : NPR
https://www.npr.org/2024/05/17/1197964709/trade-wars-and-talent-shortages

Canadian fintech Teal raises $8M to build ‘Stripe for accounting’
https://techfundingnews.com/canadian-fintech-teal-raises-8m-to-build-stripe-for-accounting/

Kabbage to pay $120M in PPP fraud settlements with DOJ
https://www.bankingdive.com/news/kabbage-pay-120-million-ppp-fraud-doj-small-business-loan-pandemic/716053/
Need CPE?
Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com

Get in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or
...more
1h 2min

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