Becoming A DIGITAL CPA - Amazon Web Services · 2019-10-02 · Gregory L. LaFollette, CPA.CITP,...
Transcript of Becoming A DIGITAL CPA - Amazon Web Services · 2019-10-02 · Gregory L. LaFollette, CPA.CITP,...
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Becoming A DIGITAL CPA:
A D i g i t a l N i n j a M a s t e r C l a s s
presented by
Gregory L. LaFollette, CPA.CITP, CGMA
Strategic Advisor
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mas·ter class
noun: masterclass; plural noun: masterclasses; noun: master-class; plural noun: master-classes; noun: master class; plural noun: master
classes
“… a class, often in the arts,
given by an expert to highly talented students.”
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Gregory L. LaFollette, CPA.CITP, CGMA
Semi-Retired Vice President of product strategy – CPA.com
Author, Speaker, Thought-leader
• Eide Bailly, LLP – Senior Manager, Tax and Technology Consulting
• LaFollette Consulting, LLP -- Consultant to the industry
• The CPA Practice Advisor -- Executive Editor
• Thomson Reuters (Creative Solutions) -- Vice President - Product Strategy
• LaFollette, Jansa, Brandt & Co. , LLP -- Tax & Technology partner
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Becoming a Digital Ninja CPA What We’ll Cover ---
1. History & Context 2. First impressions 3. Literacy 4. Recognizing Disruptive Technologies 5. Trends to Study 6. Genres to Know About
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Steve Jobs announces the Apple iPhone
5
MacWorld Conference & Expo January, 2007
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Personality & Technology
TOOL PROBLEM
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Naysayers have ALWAYS been with us …
• Where will we find wood?
• What if it goes out?
• People will get burned.
• Who wants hot food?
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First Impressions Matter
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Personal First Impressions – 1986
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Personal First Impressions – 1986
Old Car New Car (not TOO
fancy)
ONE
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Personal First Impressions – 1986
Poor office
location
Prestigious office
address
TWO
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Personal First Impressions – 1986
Wrong or no
country club
Best country
club
THREE
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Personal First Impressions – 1986
Cheap letterhead
High end stationary
FOUR
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Personal First Impressions – 1986
Low quality, stapled reports
Embossed covers / bound reports
FIVE
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Personal First Impressions – 1986
No Yellow
Page ad
Full page ad w/
picture & red ink
SIX
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Personal First Impressions – 1986
No Chamber of Commerce
membership
President of Rotary, C of C
Board of Directors
SEVEN
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Personal First Impressions – 1986
Not returning
phone calls
Call back by end of next
business day
EIGHT
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Personal First Impressions – 1986
Unsuitable attire
Three piece suit
NINE
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Personal First Impressions – 1986
Too many out of town
clients
Every business on main
street TEN
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Personal First Impressions – 1986
Too many erasures on workpapers
Beautiful, consistent,
colorful tickmarks
BONUS (INTERNAL ONLY)
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Personal First Impressions – 1986
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Personal First Impressions – 1986
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Technological First Impressions - 2016
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Flip phone
iPhone 6S / or 7 Plus or
Galaxy S7 Edge
ONE
Technological First Impressions - 2016
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Unprofessional email address
Fname; Fname.Lname; FinitialLname
TWO
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Using a 1990’s email
platform
Business or personal domain;
Gmail
THREE
Technological First Impressions - 2016
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TYPING IN ALL CAPS
Proper grammar, spelling,
punctuation and email signature
FOUR
Technological First Impressions - 2016
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Non-existant or silly Twitter
handle
Recognizable, active Twitter
account
FIVE
Technological First Impressions - 2016
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LinkedIn missing or out
of date; no vCard
LinkedIn and vCard up-to-
date with current,
professional photo
SIX
Technological First Impressions - 2016
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SIX
Technological First Impressions - 2016
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SIX
Technological First Impressions - 2016
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Not “accepting” iCalendar
invitationss
Collaboration tools like Doodle
SEVEN
Technological First Impressions - 2016
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Dialing in to a video meeting
Professional platform (Zoom) or
even Skype
EIGHT
Technological First Impressions - 2016
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Old style laptop
MacBook Air,
Ultrathin, Surface Pro
NINE
Technological First Impressions - 2016
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Not using text
messaging
SMS, Twitter DM, Slack
TEN
Technological First Impressions - 2016
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Jim McGinnis, VP – Intuit
Erik Asgeirsson, CEO – CPA.com
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Technology Literacy
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• Read
Gizmodo
NY Times Tech & Bits
USA Today Personal Technology
Wired magazine
CNET Emerging Tech News
Technology this Week (Rick Richardson)
What’s Your App-titude (Journal of Accountancy)
• Social Media
Be “In the Know”
• Listen
The Soul of Enterprise (Kless & Baker)
TWIT (This Week in Tech)
TED Radio Hour
Re/code Decode
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Templosion
tem·plo·sion [tem-sploh-zhuhn] noun
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A Note on Predictions
“It's tough to make predictions, especially about the future.”
― Yogi Berra
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Our near term
view is always
unclear. • “Inside the Tornado”
• “Tipping Point”,
• “Crossing the Chasm”
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Disintermediation
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Removing the middleman -- a popular buzzword used to
describe how Internet-based businesses are using cloud and
mobile technologies to reach customers.
These companies provide products and services cheaper and
faster.
These technologies are revolutionizing the way products and
services are bought and sold, and disintermediation is the
driving force behind this revolution.
Disintermediation
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Transparency
Provider
Customer Technology
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8 Strong Indicators
1. Ratio of expenditures -- Legal to Tech
2. Governmental involvement
3. Excessive resistance --- mockery
4. Generational differentiation
5. Huge efficiencies
6. Protectionism
7. First or early mover(s) soon copied by others
8. Who benefits?
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Personal Applications
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Genre’s to Know About
1. Social
2. Personal
Harry’s
PillPack
Amazon Prime Subscriptions
3. Banking
4. Investing
Mint
Personal Capital
Betterment
Prosper / Lending Platforms / Biz2Credit
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5. Travel
• Uber / Time Travel
• AirBnB
• TripIt
• TripAdvisor
• Hilton /Hyatt / SPG, etc.
• Airline apps
6. Google Voice
7. Zoom
8. Rivio
9. MobileMeet
Genre’s to Know About
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10. Doodle
11. Dropbox / Box / One Drive
12. Audible / Overcast
13. Tile
14. Kindle / Flipboard
15. Waze
16. Find My iPhone
17. Apple Pay / Wallet / Apple Watch
18. Paperless Post / Eventbrite
Genre’s to Know About
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Some Trends to Study
1. The Internet of Things
2. 3D Printing
3. Peer-to-peer lending
4. Restaurants
5. Hotels / lodging
6. Cars
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LaFollette’s Maxim
The “Law of Probabilities” says there is ALWAYS a technological solution. It’s your job to find it. Practice identifying and adopting it. Then adapt your processes and habits to take advantage it.
It’s like exercise --- the more you do it, the better you get!
gll
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