How To Scale CFO And Advisory Services With Offshoring

  • Accountant
  • CPA (CA)
  • CFE
  • CMA
  • CPA (US)
  • CA - ICAEW
  • HRCI
  • SHRM
  • ACCA
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: September, 2021

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  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Subscription-based Pricing + CFO Services + Offshoring
    7 mins
  • Benefits of Subscription-based Pricing
    14 mins
  • How to design Subscription-based pricing
    24 mins
  • CAAS + CFO Services
    29 mins
  • How to define the scope of CFO Services?
    33 mins
  • How do you structure your hierarchy with offshore staff?
    53 mins
  • Why offshore with Entigrity?
    62 mins
  • How does working with offshore staff affect local staff?
    68 mins

Course Description

The accounting profession is going through some major changes. There are now more firms competing with each other than ever before.

Collecting fees is difficult because invoices often do not reach the client until the firm has completed the work, and the invoice may be higher than the client expected. Most professionals have worked on a project that required more hours or effort than was initially quoted, and they had to figure out how to add those extra hours to the bill.

Rather than charging clients after the work is completed, why not charge a flat monthly fee that covers all of your work for the entire year? In other words, offer your customers a subscription.

Small businesses now have so much choice that ordinary services like compliance, tax preparation and basic bookkeeping are becoming commoditised. There's so little differentiation in this crowded market that the value of these services is being driven down.

So, it's a good time to move away from labor-intensive services into the world of business and financial consulting.

The shift from in-house to outsourced has created all-new service industries. Today, many industry-leading enterprises leverage the power of outsourced Chief Financial Officer (CFO) services. The Virtual CFO is a new concept. It's a way for small businesses to get CFO support that they wouldn't have been able to afford previously.

Can Accountant Provide Virtual CFO Type Services to Clients?

Does Business Need this CFO Type Services?

“After leveraging offshore staffing with Entigrity, your VCFO and senior accounting team will be able to be more focused on client strategies, planning, review, analysis and involved in advisory for better decision making and growth for your client businesses not just bookkeeping tasks. you will see your firm business more scalable than before.

Key topics covered in this CPE webinar:

  • The changing face of accounting
  • The subscription-based pricing model
  • Introduction of the virtual CFO role and services into your firm
  • Strategies to make your firm ready
  • Advisory services and offshoring


The speaker of this CPE webinar Jody Grunden is the CEO and Co-Founder of Summit CPA Group and has won the Most Innovative Practitioner Award by AICPA.


Learning Objectives

  • To discuss what does strategic CFO services Means.
  • To discuss what could a CFO's Service look like or Role in small & Mid-Size Business.
  • To discuss what shall we charge for CFO services.
  • To define how shall we Implement CFO Services.
  • To discuss how offshoring can help you to scale Outsource CFO and Advisory service.

Recommended For

  • This CPE course is recommended for Owners/Partners of Accounting firms.
  • This continuing education course is recommended for CPA firms who want to expand their business utilizing the benefit of Practice Management and offshoring.
  • This CPE webinar is recommended for CPA firms who are exploring Leverage Technology, Remote Working, Advisory to scale their practice.

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Accounting Firm
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Bookkeepers & Accountants & Tax Preparers
  • Bookkeepers & Accountants & Tax Preparers
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • Chartered Professional Accountant
  • Chief Accounting Officer
  • Cloud Accountants
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • VP Accounts
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1.5 CPD Credit for CA - ICAEW
  • 1.5 CPE Credit of Business Management and Organization for Certified Public Accountants (CPA-US)
  • 1.5 CPE Credit of Business Management and Organization for Certified Management Accountants (CMA)
  • 1.5 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1.5 CE Credit for Certified Wealth Strategist (CWS)
  • 1.5 General Credit for Accountant/Bookeeper
  • 1.5 CPE Credit of Business Management and Organization for Certified Fraud Examiner (CFE)
  • 1.5 CPD Credit for Chartered Certified Accountants (ACCA)
  • 1.5 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1.5 CPD Credit for Chartered Accountants - Scotland
  • 1.5 CPD Credit for CPA - Ireland
  • 1.5 CPD Credit of Business Management and Organization for Chartered Professional Accountant (CPA Canada)
  • 1.5 RCH Credit of HR (General) for Human Resource Certification Institute (HRCI) (Approval No. 601980)
  • 1 PDC Credit for SHRM Professionals (Approval No. 22-ZJY5W)

Additional details

  • Course Level :
    Basic
  • Credits :
    1.5
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Jody Grunden, CPA (US)

Chief Executive Officer (CEO), Summit CPA Group

Jody Grunden is the CEO and Co-Founder of Summit CPA Group. From Summit CPA's inception in 2002, Jody transitioned the company to a distributed accounting firm in 2013. Since 2002, Summit CPA Group has grown from a team of 2 people to approximately 50. The company has grown extremely fast, experiencing 3-year 150% growth consecutively over the past 3 years and being recognized by Inc. 5000. 

About Company

Summit CPA Group

www.summitcpa.net/

Summit CPA Group is a fully distributed accounting firm and leading provider of Virtual CFO Services in North America. In addition to providing VCFO coaching, CPA firm augmentation, Summit CPA Group is building a community of CPA firm owners who want to learn how to provide or enhance their existing VCFO service offerings. The CFO Community includes: free monthly CPE webinars, a Slack network, The Virtual CFO Playbook – a course dedicated to teaching CPA firm owners how to build and scale Virtual CFO services, and more. Join the community today and start getting the support you need to grow your firm!

Faq

FAQs content

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Ratings and Review

4.5

281 Ratings

Excellent

165

Very Good

84

Average

28

Poor

4

Terrible

0

CK

Christine Keleman, Accountant

Nov 30th, 2021

Great training video.

DC

Devin Cavanaugh, CPA (US)

Jun 24th, 2022

Interesting topic

GM

Ghazwan Mikeal, CPA (US)

Nov 9th, 2021

great course

MB

Madison Bynum, CPA (US)

Jul 31st, 2022

thanks

NC

Nicole Caherly, CPA (US)

Dec 13th, 2021

Good!

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