479 episodes

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. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.

The Accounting Podcast Blake Oliver & David Leary

    • News
    • 5.0 • 3 Ratings

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. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.

    ChatGPT Beats Humans at Financial Statement Analysis

    ChatGPT Beats Humans at Financial Statement Analysis

    SponsorsLiveFlow - http://accountingpodcast.promo/liveflowRightRev - http://accountingpodcast.promo/rightrevMakers 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
    Need CPE?
    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe 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 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifieds
    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

    • 1 hr 9 min
    The Compelling Case for Nearshoring Accounting to Argentina

    The 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/

    Need CPE?
    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe 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 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: 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

    • 24 min
    Will Intuit Go Red in the 2024 Election?

    Will 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 ownbookkeeping biz and take shots at the infamous 150-hour rule.Chapters
    (01:02) - David Has FOMO

    (03:27) - The Cost of AICPA Engage

    (06:48) - ADHD and Conferences

    (15:08) - Community Engagement and Comments

    (19:52) - Intuit Connect Announcement & Going After the Mid-Market

    (25:50) - Future of Accounting with AI

    (29:55) - AI Agents Replacing Human Labor

    (31:03) - Preparing for a Future in Accounting

    (32:02) - The Value of Practical Experience

    (33:48) - Listener Feedback and Community Engagement

    (34:46) - Intuit and IRS Direct File Controversy

    (43:52) - Google Sheets' New Conditional Notifications

    (46:43) - Listener Mailbag: Unique Paths to CPA

    (51:00) - Earning Your Accounting Degree Quick!

    (54:45) - The Debate on College Degrees and Signaling

    (01:00:01) - 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
    Need CPE?
    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe 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 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifieds
    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

    • 1 hr
    From Compliance to Consulting: A CPA's Journey into M&A and Business Valuation

    From 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/
    Need CPE?
    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe 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 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: 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

    • 24 min
    What's the Journal Entry for a Hush Money Payment?

    What'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.
    SponsorsLiveFlow - 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/
    Need CPE?
    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe 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 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpo

    • 59 min
    Rethinking Accounting Education in the Age of AI

    Rethinking 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/casKeeper - http://accountingpodcast.promo/keeperBean - 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 AkpanWebsite: https://mfonakpan.com/LinkedIn: https://www.linkedin.com/in/drmfonakpan/Need CPE?
    Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe 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 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/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastClassifieds
    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

    • 1 hr 4 min

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