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Key Trends In Accounting Industry for 2021 and Beyond !

  • Price

    FREE

  • Total Credits

    2 Credit

    3.9

Key Trends In Accounting Industry for 2021 and Beyond !

Overview

This event is recommended for CPA & Accounting firms Only!

Some people think that COVID-19 changed the accounting world forever. In reality, it's not so much that it changed the way we do things. We still balance the books, reconcile transactions and put a lot of effort into our month-end close. It did, however, thrust us into the future, pushing us further along the path we were already on. Understanding business technology and staying close to future trends is crucial for today's Accounting Business.

These top accounting trends for 2021 should be on every Accountants radar:

  • Accounting Business would Continue to Grow.
  • Advisory, Cloud, Automation.
  • Zooming in on remote working :1 in 2 accountants will work from home in 2021.
  • Building an offshore team would be on the uptick.
  • Building Engagement with Virtual and Distributed Teams!
Completed

Continuing Education Credits

The sessions of the conference qualifies for

  • 1 CPD Credit for all CPA (CA)
  • 1 CPE Credit for all CMA
  • 1 CPE Credit of Business Management and Organization for CPA (US)

Session Details

Shawn Parikh
Shawn Parikh

Date

Aug 25th, 2021

Time

03:30 PM – 04:00 PM
0.5 Credits

Offshoring: Still a Stigma or a New Normal (Do's & Don'ts)

Proponents of offshoring argue that it lowers costs and can save thousands of jobs by making struggling companies competitive again and avoiding their failure. Critics say that offshoring is nothing more than the flagrant exportation of U.S. jobs to foreign countries.

Who is right? There are valid arguments on both sides, but analysis shows that the long-term effect is largely beneficial to the U.S. economy—and inevitable.

By having access to staff offshore, businesses can then use additional resources to grow their business and become more sustainable and can hire more people recently this has made the offshoring concept widely accepted.

In this online CPE session, we will investigate the formation of the stigma and how it relates to your client's and onshore teams’ perception of offshoring work. The benefits outweigh the cons but how do you explain the rationale with animosity towards offshoring.

Learning Objectives

  • To discuss the benefits of offshoring
  • To discuss and understand the formation of the stigma with offshoring work
  • To discuss the impact of consumer animosity on attitude towards offshoring
  • Patriotism vs Ethnocentrism

Subject Area:

Business Management and Organization

Course Level:

Basic

Instuctional Method:

Group Internet Based

Pre-requisites:

Advance Preparation:

Break

04:00 PM – 02:30 PM EDT

Laura Bechard (CPA-CGA)
Laura Bechard (CPA-CGA)

CPA (CA)

Date

Aug 25th, 2021

Time

02:30 PM – 03:00 PM
0.5 Credits

Building Engagement with Virtual and Distributed Teams !

What is Virtual Team Building?

Virtual team building is the ongoing process of bringing remote teams together. It’ll help your team achieve deeper bonds by creating a collaborative environment that’s similar to an in-office setting!

The physical distance while working remotely will easily turn into emotional distance which will lead to isolation. This will make employees uncomfortable working with each other.

What is Distributed Team Building?

Distributed teams are made up of employees working in a variety of different locations. Most often, distributed teams consist of a group of remote workers dotted in different cities or countries. Sometimes, distributed teams also include employees who work in an office as well as remote team members.

Benefits of building virtual and distributed team is increase of collaboration, combating of loneliness, versatility, positive reinforcement, higher productivity, more effective leaders, and higher customer satisfaction ratings.

Engaged employees tend to be healthier and more motivated. They also show up to work, stay with their employer longer and have better safety records. In short, engaged employees contribute to both short-term and long-term profitability.  Join Laura Bechard, CPA, MBA M Ed in this online CPE session and take away 5 easy ways to build an engaged, successful virtual team.

Learning Objectives

  • To prepare a versatile workforce into your organization.
  • To reinforce positive work culture in an organization.
  • To leverage diverse relationships which help building meaningful relationship and connection among geographically distributed teams.
  • 0.5 CPD credit of for all CPA (CA)
  • 0.5 CPE credit of for all CMA
  • 0.5 CPE credit of Business Management and Organization for all CPA (US)

Subject Area:

Business Management and Organization

Course Level:

Basic

Instuctional Method:

Group Internet Based

Pre-requisites:

Advance Preparation:

Chris Rivera

Martin Moll

Shawn Parikh

Date

Aug 25th, 2021

Time

03:00 PM – 03:30 PM
0.5 Credits

Offshoring Challenges - Ask the Expert Panel Discussion !

Investing in offshore staffing services has proved to be a life-altering experience for numerous professionals around the world, they swear by the cost-effectiveness and peace of mind that comes naturally with offshore staffing.

Maintaining a sense of team and managing the team experience is critical. We want to explain everything that we could about better offshore staffing, including its challenges, how people feel about it and the best ways to engage and enable integration and smooth working of local and offshore staff together and learning directly from the feedback, suggestions, reviews of our clients (your peers)

In this CPE session, we would be discussing some common concerns and challenges around offshoring and available approaches and solutions. Come forward with challenges that either you are facing or anticipate to face and we will possibly try to resolve it.

Major topics covered in this panel discussion:

  • The benefits of offshore staffing.
  • The challenges of offshore staffing.
  • Solutions for the challenges of offshore staffing.

This is not a traditional CPE session but a highly interactive meeting. Here we would interact with the audience most of the time and help them with their challenges and situations and we would be taking your questions on the go.

Learning Objectives

  • How to engage and integrate the Onshore/Offshore Team?
  • How to manage the change of offshoring in the firm involving Client & Team Perspective?
  • How to restructure roles & responsibilities? We will also show a small exercise that may help.
  • Managing Accountability & Reporting of Offshore Team
  • Best Practices of working in a unified culture of Onshore/Offshore Team and building harmony.
  • 0.5 CPD credit of for all CPA (CA)
  • 0.5 CPE credit of for all CMA
  • 0.5 CPE credit of Business Management and Organization for all CPA (US)

Subject Area:

Business Management and Organization

Course Level:

Basic

Instuctional Method:

Group Internet Based

Pre-requisites:

Advance Preparation:

Break

03:30 PM – 02:00 PM EDT

Shawn Parikh
Shawn Parikh

Date

Aug 25th, 2021

Time

02:00 PM – 02:30 PM
0.5 Credits

Accountants are at the Centre of new Ecosystem - Partnerships is the Way Forward !

Nearly every industry and segment has found new ways to do business in better ways, serve their customers more powerfully, and create space for individual firms to significantly distinguish themselves from their competitors.

Nowhere has this been more clearly the case than in the field of accounting.

As a new world is coming in, accounting firms will be at the center. Businesses would need an accounting firm more than ever because of the automation that is coming which means accounting firms would not be contacted just for compliance. Accounting firms would become a knowledge center for them to make a decision to run the business better. That's how things are going to change and an accountant would be at the center of the ecosystem. An organization will go through its accountant to consult with an insurance company, or a lawyer, or a bank, a technology company for software consultations, or for evaluating cybersecurity. Therefore accounting firms should look at partnering with various other specialized companies and expand their consulting and advisory business

Partnering with specialized businesses also makes it possible for accounting professionals to go far beyond traditional “eyeshade” activities and offer clients consulting services that can result in better connections with customers and suppliers, improved access to lucrative markets, and a deeper understanding of how specific organizational adjustments will impact the company’s short- and long-term operating results.

Learning Objectives

  • To determine the type of partnerships that can be undertaken by accounting firms to expand their consulting and advisory business.
  • To evaluate the benefits of partnering with other specialized companies

Subject Area:

Business Management and Organization

Course Level:

Basic

Instuctional Method:

Group Internet Based

Pre-requisites:

Advance Preparation:

Ratings and Review

3.9

32 Reveiws

Excellent

8

Very Good

15

Average

7

Poor

2

Terrible

0

DJ

Donna Jackson, Managing Principal

Aug 25th, 2021

The speakers were pleasant, professional and knowledgeable. I did not realize that so much time would be devoted to off-shore team building. This is not really relevant for my accounting practice at this time since I am not interested in off-shore employees. It's good to have the knowledge though.

KS

Kim Smelseer, CFO/Controller

Aug 25th, 2021

Presentation didn't flow well. Poll questions had technical issues. Kept coming and going.

SG

Sandhya Goel, Sr. Manager

Aug 25th, 2021

I find this program good for accounting firms who would like to give a try to off shoring opportunity

CP

Christina Palmitier, CFO/Controller

Aug 26th, 2021

There were some issues with this webinar. People were talking in the background at times which made it hard to hear.

KC

Karen Chiarello, Auditor

Aug 31st, 2021

OK

Frequently Asked Questions

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The Specific Takeaways and the purpose of this event is mentioned in the ‘Overview’ and ‘Session Details’. Additionally, by attending a Live Virtual Event you can experience the interactivity equivalent to an in-person conference without having to leave your screens or risk your lives especially post pandemic situations. Nevertheless, bulk CPE/CE is an icing on the cake.

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There is an official break scheduled for this workshop/events. Other than the scheduled break, the in-session breaks shall be available at discretion of the speaker.

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