{"id":126771,"date":"2024-07-03t12:00:17","date_gmt":"2024-07-03t16:00:17","guid":{"rendered":"\/\/www.g005e.com\/?p=126771"},"modified":"2024-10-21t09:44:42","modified_gmt":"2024-10-21t13:44:42","slug":"accounting-arc-what-tech-savvy-accountants-know","status":"publish","type":"post","link":"\/\/www.g005e.com\/2024\/07\/03\/accounting-arc-what-tech-savvy-accountants-know\/","title":{"rendered":"accounting arc: what tech-savvy accountants know"},"content":{"rendered":"<p><strong><span class=\"textrun scxw137436077 bcx8\" lang=\"en-us\" xml:lang=\"en-us\" data-contrast=\"auto\"><span class=\"normaltextrun scxw137436077 bcx8\">redefining the accounting landscape. <\/span><\/span><span class=\"eop scxw137436077 bcx8\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/strong><\/p>\n<div style=\"padding: 56.25% 0 0 0; position: relative;\"><iframe style=\"position: absolute; top: 0; left: 0; width: 100%; height: 100%;\" title=\"accounting arc: harness the powerful synergy of accounting and it expertise\" src=\"https:\/\/player.vimeo.com\/video\/938314008?h=93246094c9&amp;badge=0&amp;autopause=0&amp;player_id=0&amp;app_id=58479\" frameborder=\"0\"><\/iframe><\/div>\n<p><em><strong><br \/>\naccounting arc\u00a0<\/strong><br \/>\n<i>with donny shimamoto and byron patrick<\/i><br \/>\n<a href=\"https:\/\/improvetheworld.net\/contact\/\">center for accounting transformation<\/a><\/em><\/p>\n<p><em><strong><a href=\"\/\/www.g005e.com\/?p=126533\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-124755\" src=\"\/\/www.g005e.com\/wp-content\/uploads\/2024\/04\/accounting-arc-with-28-pt-caption-e1714354933988.png\" alt=\"\" width=\"330\" height=\"160\" srcset=\"\/\/www.g005e.com\/wp-content\/uploads\/2024\/04\/accounting-arc-with-28-pt-caption-e1714354933988.png 1600w, \/\/www.g005e.com\/wp-content\/uploads\/2024\/04\/accounting-arc-with-28-pt-caption-e1714354933988-424x206.png 424w, \/\/www.g005e.com\/wp-content\/uploads\/2024\/04\/accounting-arc-with-28-pt-caption-e1714354933988-849x412.png 849w, \/\/www.g005e.com\/wp-content\/uploads\/2024\/04\/accounting-arc-with-28-pt-caption-e1714354933988-768x372.png 768w, \/\/www.g005e.com\/wp-content\/uploads\/2024\/04\/accounting-arc-with-28-pt-caption-e1714354933988-1536x745.png 1536w, \/\/www.g005e.com\/wp-content\/uploads\/2024\/04\/accounting-arc-with-28-pt-caption-e1714354933988-300x146.png 300w, \/\/www.g005e.com\/wp-content\/uploads\/2024\/04\/accounting-arc-with-28-pt-caption-e1714354933988-600x291.png 600w\" sizes=\"auto, (max-width: 330px) 100vw, 330px\" \/><\/a><\/strong><\/em><\/p>\n<p><span class=\"textrun scxw139956196 bcx8\" lang=\"en-us\" xml:lang=\"en-us\" data-contrast=\"auto\"><span class=\"normaltextrun scxw139956196 bcx8\">integrating accounting and it expertise is becoming increasingly crucial in today\u2019s rapidly evolving business landscape. in the latest episode of arc, hosts donny shimamoto, cpa, citp, cgma, and byron patrick, cpa, <\/span><span class=\"normaltextrun scxw139956196 bcx8\">citp, cgma,<\/span> <span class=\"normaltextrun scxw139956196 bcx8\">explore<\/span><span class=\"normaltextrun scxw139956196 bcx8\"> the unique advantages of combining these two fields.\u00a0<\/span><\/span><\/p>\n<blockquote><p><strong>more:<\/strong> <a href=\"\/\/www.g005e.com\/?p=126767\">accoounting arc: remote work from the coolest locations and its impact on modern professionals<\/a> | <a href=\"\/\/www.g005e.com\/2024\/06\/22\/accounting-arc-breaking-barriers-how-one-womans-love-for-data-analytics-and-her-identity-shaped-her-professional-path\/\">accounting arc:breaking barriers &#8211; how becky dupree&#8217;s love for data analytics and her identity shaped her professional path<\/a> |\u00a0 <a href=\"\/\/www.g005e.com\/2024\/06\/16\/accounting-arc-with-donny-shimamoto-liz-mason-and-byron-patrick-center-for-accounting-transformation-forecasting-finance-the-2034-accounting-landscape-arc-6\/\">accounting arc: forecasting finance &amp; the 2034 accounting landscape<\/a> | <a href=\"\/\/www.g005e.com\/2024\/05\/26\/accounting-arc-with-liz-mason-byron-patrick-and-donny-shimamoto-center-for-accounting-transformation-strategies-for-effective-management-and-organizational-growtharc-4\/\">accounting arc: top 10 strategies for managing growth<\/a> | <a href=\"\/\/www.g005e.com\/2024\/06\/09\/accounting-arc-with-donny-shimamoto-liz-mason-and-byron-patrick-center-for-accounting-transformation-accounting-arc-busting-the-big-4-myth-arc-5\/\">accounting arc: busting the big 4 myth<\/a> | <a href=\"\/\/www.g005e.com\/2024\/05\/19\/accounting-arc-exploring-ais-role-in-modern-accounting\/\">accounting arc: exploring ai&#8217;s role in modern accounting<\/a> | <a href=\"\/\/www.g005e.com\/2024\/05\/04\/accounting-arc-with-donny-shimamoto-liz-mason-and-byron-patrick-center-for-accounting-transformation-silicon-valley-bank\/\">accounting arc: unraveling the collapse of silicon valley bank<\/a> | <a href=\"\/\/www.g005e.com\/2024\/04\/28\/accounting-arc-with-donny-shimamoto-liz-mason-and-byron-patrick-center-for-accounting-transformation-on-a-mission-introducing-accounting-arc1\/\">on a mission: introducing accounting, reaction, comedy (arc)<\/a> | <a href=\"\/\/www.g005e.com\/2023\/10\/15\/transformation-talks-with-donny-shimamoto-center-for-accounting-transformation-harper-co-cpas-the-perspective-of-a-non-accountant-is-imperative\/\">harper &amp; co. cpas: the perspective of a non-accountant is imperative<\/a> |\u00a0<a href=\"\/\/www.g005e.com\/2023\/05\/09\/menlo-innovations-improve-office-culture-by-overhauling-internal-reviews\/\">menlo innovations: improve office culture by overhauling internal reviews<\/a> | <a href=\"\/\/www.g005e.com\/2023\/04\/25\/dusitn-wheeler-for-serious-cas-success-hire-tech-teams\/\">dustin wheeler: for serious cas success, hire tech teams<\/a> | <a href=\"\/\/www.g005e.com\/2023\/04\/10\/chase-birky-paralysis-by-analysis-plagues-the-profession\/\">chase birky: overcoming paralysis by analysis<\/a> |<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1603911598474.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/>\u00a0exclusively for pro members.\u00a0<a style=\"background-color: #ffffff;\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2021\/02\/05\/22-predictions-for-2021\/\">log in here<\/a>\u00a0or\u00a0<a class=\"external\" style=\"background-color: #ffffff;\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">2022世界杯足球排名 today<\/a>.<\/p><\/blockquote>\n<p><span class=\"textrun scxw139956196 bcx8\" lang=\"en-us\" xml:lang=\"en-us\" data-contrast=\"auto\"><span class=\"normaltextrun scxw139956196 bcx8\">their discussion highlights how professionals with dual <\/span><span class=\"normaltextrun scxw139956196 bcx8\">expertise<\/span><span class=\"normaltextrun scxw139956196 bcx8\"> can navigate complex challenges, drive innovation, and achieve long-term success.<\/span><\/span> <!--more--><\/p>\n<p><span data-contrast=\"auto\">patrick, vice president of client success at the b3 method institute, began his career as a cpa before transitioning into it. he describes his journey as a \u201ctranslator\u201d between the accounting and technology worlds. \u201cfor me, it has just been an incredible unlock,\u201d patrick says. he explains how understanding both perspectives enables him to mediate between departments and find solutions that meet the needs of accountants and technologists. this ability to bridge gaps and translate jargon is invaluable in today\u2019s interconnected business environment.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">shimamoto, founder and managing director of intraprisetechknowlogies llc and the center for accounting transformation echoes this sentiment, likening his role to a bridge. he assists cfos, controllers, and accounting firm partners in understanding and implementing technology. \u201cwhat is more changing or more complex now than everything that\u2019s going on in tech?\u201d shimamoto asks, underscoring the importance of this translator\u2019s role in navigating technological advancements.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">the hosts discuss the transformative impact of technology on the accounting profession. patrick recalls his experience as an it director for a regional accounting firm, where his dual expertise allowed him to present it budgets that made financial sense. \u201cit is so amazing having a cpa running the it department and getting a budget that makes sense,\u201d he says. this unique blend of skills facilitates better decision-making and efficient project implementation, ultimately driving business success.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">shimamoto adds that the focus should not solely be on cost reduction but on the overall investment in technology. \u201cit\u2019s really about effectiveness and that balancing,\u201d he explains, highlighting how strategic technological investments can enhance efficiency and innovation.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">shimamoto also emphasizes the importance of investing in cybersecurity measures despite the lack of direct financial return. \u201cwhen you look at the fact that it reduces your risk of having malware, which could reduce the data breach risk, which could reduce your ransomware risk&#8230; some costs are offset,\u201d he explains. this investment is crucial for protecting sensitive data and maintaining trust, especially for accountants who are custodians of critical information. patrick concludes that the accounting profession has made significant strides in cybersecurity awareness over the past five years. however, he stresses the need for ongoing vigilance and education to ensure that data protection practices remain robust.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">the hosts emphasize the importance of understanding how various areas of expertise can enhance personal careers and organizational success. \u201cmultidisciplinary type thinking is the key to the future,\u201d shimamoto says, highlighting the value of combining accounting expertise with other disciplines to address complex business challenges. he shares his experience in organizational development and psychology, explaining how these additional skills enhance his ability to drive change and ensure compliance with controls. the hosts\u2019 stories illustrate how having expertise in both accounting and it offers long-term career benefits, encouraging young professionals to pursue dual specializations and citing the increased earning potential and diverse career opportunities. by maintaining expertise in both fields, professionals can navigate the complexities of modern business environments, drive innovation, and achieve long-term success. \u201cwe need to start renaming accounting into decision sciences,\u201d shimamoto summarizes, reflecting the evolving role of accountants as critical decision-makers in a technology-driven world.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">top 10 takeaways<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/p>\n<ol>\n<li><span data-contrast=\"auto\">understanding accounting and it enables professionals to bridge gaps and translate technical jargon, facilitating better communication and collaboration.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">strategic investments in technology enhance efficiency and innovation, driving business success.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">investing in cybersecurity measures is crucial for protecting sensitive data and maintaining trust despite the lack of direct financial return.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">dual expertise in accounting and it offers increased earning potential and diverse career opportunities.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">the longstanding connection between accounting and technology highlights the evolving nature of the profession and the value of multidisciplinary skills.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">combining accounting expertise with other disciplines, such as organizational development and psychology, is key to addressing complex business challenges.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">balancing cost reduction with strategic investments in technology enhances both efficiency and effectiveness.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">accountants with it expertise can better understand and mitigate risks, ensuring robust data protection practices.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">the evolving role of accountants as critical decision-makers underscores the importance of integrating accounting with technology.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">pursuing dual specializations in accounting and it is a valuable path for young professionals, offering a competitive edge in the job market.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p><strong>redefining the accounting landscape.\u00a0<\/strong><br \/>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-126773\" src=\"\/\/www.g005e.com\/wp-content\/uploads\/2024\/06\/accounting-arc_-accounting-and-it-expertise-gif.gif\" alt=\"\" width=\"250\" height=\"141\" \/><br \/>\n<em><strong><br \/>\naccounting arc\u00a0<\/strong><br \/>\n<i>with donny shimamoto and byron patrick<\/i><br \/>\n<a href=\"https:\/\/improvetheworld.net\/contact\/\">center for accounting transformation<\/a><\/em><\/p>\n","protected":false},"author":4585,"featured_media":126773,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[4722,2734,3120,3002,2306,2764],"tags":[4057,4066,4067],"class_list":["post-126771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arc","category-podcast","category-pro-member-exclusive","category-special","category-tech-and-fintech","category-video","tag-accounting-arc","tag-byron-patrick","tag-donny-shimamoto"],"acf":[],"yoast_head":"<!-- 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