MYCPE ONE

Trends in Accounting Industry 2022 and Beyond!

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Conference Overview

To get a sense of how much change the accounting profession is undergoing, look no further than recent changes to the CPA exam. The 100-plus-year-old licensing gold standard in its 2021 exam pushes an emphasis on understanding business processes, automation, data analytics, and “the need for a digital and data-driven mindset.” 

With the arrival of the year 2022, the world has witnessed many changes. 

Although these variations were not as exceptional as what was expected by most of us, yet the alteration in the technological world has started the beginning of a new futuristic world. We are currently seeing an upsurge in technological advancements and automated functions.

If we look at the finance industry, technology might still be a few inches away from the accounting world for now but has started to function/adapt as per these new advancements.

At present, we are rapidly moving in the accounting industry with advancements and technical fixes on even areas like cloud-based subscriptions, on-premise solutions, Software-as-a-service (SaaS), and more.

As per a worldwide survey based on the answers of 3000 accountants in 2019, a stark percentage (around 90%) believes that the accounting industry will enter a cultural shift by the next decade.

Moreover, the effect of such a shift has started to come to light in the form of emerging technologies, business services, hiring practices, work-from-home practices, and offshore staffing.

This Online CPE virtual conference will guide you with these key trends in the accounting industry for the year 2022 & beyond.

Completed

Continuing Education Credits

The sessions of the conference qualifies for

Qualification Credits Subject Area
CPA (US) 1 Accounting
CPA (US) 1 Taxes
CPA (US) 4 Business Mgmnt and Org
CPA (US) 1 Finance
CPA (US) 0.5 Communications and Marketing
CPA (US) 0.5 Personnel/Human Resources
Accountant/Bookkeeper/Tax Professionals 63 All
EA 1 All
CPA in Canada 7 All
CIA 1 All
CMA 5 All
CPA/ABV 1 All
CVA 1 All
CFA 1 All
CPA/CITP 1 All
CWS 8 All
CFIRS 8 All

Sessions

Jan 19th, 2022

Speakers:
Speaker Name
Manish Gupta

Founder & CEO
VITTPRO

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Technology and Innovations in Business models have disrupted so many industries in recent years. Taxi service, travel, banking, and shopping have been radically transformed by technology and innovation. These industries have been turned upside down and reshaped in just a few years.

The same is true for the accounting industry. Accounting is no longer a person at a desk opening mail and processing invoices. A majority of invoices are sent electronically, and many are automatically paid through a processing system.

The merger of technology and accounting is becoming greater and greater every day, and business leaders need to stay ahead of this change. They need to understand that technology is quickly changing the way accounting functions within an organization.

Automated processes can provide the bulk of services with oversight, while accounting professionals will focus on offering expert advice and insight, strengthening customer relationships in the process.

Join in this CPE session to understand such changes in more detail and discuss some best practices we can employ to embrace such changes.

Learning Objectives

  • To analyze the ongoing and upcoming technological changes to the accounting industry.
  • To discuss the role of accountants in these changes to the accounting industry.
  • To analyze how business leaders can stay ahead of these changes.
  • To inspect the automation of processes.
  • To analyze how to strengthen the customer relationship.
  • To discuss how to embrace the changes and strengthen your position.

Qualifies For

License details Credits Status
Accountant/Bookkeeper/Tax Professionals 7 General Credit Eligible
Chartered Professional Accountant in Canada 1 CPD Eligible
Certified Information Technology Professionals (CITP) 1 CPD Eligible
Certified Management Accountants (CMA) 1 CPE Eligible
Accounting for Certified Public Accountants (CPA-US) 1 CPE Approved
Certified Fiduciary and Investment Risk Specialist (CFIRS) 1 CE Eligible
Certified Wealth Strategist (CWS) 1 CE Eligible

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Speakers:
Speaker Name
Andrew Lassise

Chief Executive Officer (CEO)
Tech4Accountants

The tax law is always changing and seemingly getting more complicated every year.

Each year, a handful of tax issues typically requires special attention by tax practitioners. The reasons vary, from a particularly complicated new provision in the Internal Revenue Code to a planning technique opened up by a new regulation or ruling, or the availability of a significant tax benefit. This creates the need for the tax practitioner to constantly stay on top of the new rules and reassess tax strategies every year.

This CPE session focuses on the latest most important topics for tax practitioners. It examines selected new law provisions, new IRS rules, and regulations.

Tax resolution means providing solutions to businesses and individuals alike who find themselves in trouble with the IRS. To resolve tax matters with the IRS, the IRS' Offer in Compromise (OIC) program encourages delinquent taxpayers to settle their back taxes, often for reduced amounts.

The areas covered are offers in compromise, wage garnishments, bankruptcy, installment, delinquent tax returns, IRS bank levies, freedom of information requests, IRS payment plans, payroll tax problems, IRS audits, penalty abatement, liens, collection appeals, IRS appeals, innocent spouse, and the expiration of statutes.

This CPE session will also help you to make a profit from this tax resolution.

Learning Objectives

  • Best Describes Your Stance on IT
  • What Do Hackers Target
  • How Much Training Does Your Staff Have On Cyber Security?
  • New security Trends in 2022 

Qualifies For

License details Credits Status
Accountant/Bookkeeper/Tax Professionals 7 General Credit Eligible
Chartered Professional Accountant in Canada (Approval No. GEHNZ-U-00867-22-O) 1 CPD Eligible
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Enrolled Agents (EA) (Approval No. GEHNZ-U-00867-22-O) 1 CE Approved
Certified Fiduciary and Investment Risk Specialist (CFIRS) 1 CE Eligible
Certified Wealth Strategist (CWS) 1 CE Eligible

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Speakers:
Speaker Name
Basil Agrocosta

Certified Public Accountant (CPA)
Agro Accounting

Are you tired of/ frightened of/ overwhelmed by/ indifferent to/ just clueless about all the build-your-practice and keep-up-with-the-times material put out there by the "business growth gurus?"

As non-accountants or non-practicing accountants themselves, they are all in the business of telling you how to grow and revolutionize your accounting or tax practice.

To be clear: they earn their living, sometimes their prosperity, from telling you what to do and they usually do so in a "glamorous" way, full of pomp and circumstance. It follows, this is not what this CPE session is about.

In this CPE session speaker, Basil Agrocosta is an ordinary, local accountant not in the business of/ do not generating any income from telling you how to grow your business. He is a small business person who generated about $175,000 in revenues this year, from clients who pay him no more than $3,000 annually.

The speaker in this CPE session will talk about what he had done to get to this point; how he had consistently made more income, year-after-year, for these first 10 years of being in business; and about how he is currently on track to gross 1/2 million dollars per year in the next 4-7 years.

Learning Objectives

  • To discuss how to grow your business.
  • To analyze how to generate more revenue.
  • To inspect how to make more money consistently.

Qualifies For

License details Credits Status
Accountant/Bookkeeper/Tax Professionals 7 General Credit Eligible
Chartered Professional Accountant in Canada 1 CPD Eligible
Business Mgmnt and Org for Certified Public Accountants (CPA-US) 1 CPE Approved
Certified Fiduciary and Investment Risk Specialist (CFIRS) 1 CE Eligible
Certified Wealth Strategist (CWS) 1 CE Eligible

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

12:30 PM - 1:00 PM EDT

Break

Speakers:
Speaker Name
Jeff Borschowa

Speaker
J. Galt Finance Suite

Accounting is not for the faint of heart! 

We all know that working in an accounting firm can be a very busy lifestyle choice. We have all felt the pain of deadlines and crunch times. Worse, we have also felt the dread of looming deadlines. The struggle is often that we either don’t know when to eliminate, automate, or delegate tasks. And, if we do know when, the real question is how is our time best spent? 

In this CPE session, we will focus specifically on business development tasks that can add value to the clients.

If we can appropriately eliminate, automate, or delegate them, we can grow our firm faster, cheaper, and more reliably. And, we can usually get significantly better results in the process by adding value to the clients.

Let’s start with eliminating...

We are living in a fast-changing world and there is increasing pressure to keep up. The secret to growth is to slow down and first take stock of where you are at in your business. If you assess the return on investment from EVERY business development activity, you can start to see items that should be eliminated. 

Next, we have automate…

There are a lot of repetitive tasks that can be automated to free up time. The goal of automation should be to free up time to focus on adding value to clients, not to replace client interaction. You can add value by seeking out other products or services that they may need.  Or, you can simply spend more time talking to the client to see what they value.  Either way, automation should give you more time to focus on the client experience.  It should never replace client communication!

Finally, we have to delegate... 

This is probably the hardest for young professionals as they develop their technical skills. Ironically, I think this is the biggest hurdle in large firms when one makes the transition from technician to manager. The skillset that makes you good at getting work done is no longer relevant. Suddenly, you need to learn how to delegate and manage the work.

Learning Objectives

  • To discuss how to add value to the clients
  • To analyze how to eliminate.
  • To analyze how to automate.
  • To explain how to delegate.

Qualifies For

License details Credits Status
Accountant/Bookkeeper/Tax Professionals 7 General Credit Eligible
Chartered Professional Accountant in Canada 1 CPD Eligible
Certified Management Accountants (CMA) 1 CPE Eligible
Business Mgmnt and Org for Certified Public Accountants (CPA-US) 1 CPE Approved
Certified Fiduciary and Investment Risk Specialist (CFIRS) 1 CE Eligible
Certified Wealth Strategist (CWS) 1 CE Eligible

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Speakers:
Speaker Name
Shawn Parikh

Co-Founder & CEO
MYCPE ONE

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Finance leaders are moving into 2022 with cautious and measured optimism, well aware of the challenges that lie ahead. But with these challenges come opportunities and solutions, so as finance and accounting teams jump into 2022, here’s what to prepare for and how to excel in 2022.

Cash flow, hiring new talent, adapting to new tax and regulatory changes, and continuing to adjust to remote work remain some of the largest hurdles for accounting teams.

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. Although hiring and working with an offshore staff is very much similar to that of any local/in-office staff, however, there are a couple of points that every CPA or accounting firm should keep in mind to extract optimum utility from them.

This CPE session will help you with the best practices of working with offshore staff.

In today’s increasingly remote workforce, leading virtual teams is an essential skill in your management arsenal. COVID-19 has caused tremendous social and economic upheaval. Businesses have rapidly re-organized into work-from-home and distributed office environments. Now, the staff is working remotely in different setups and locations. With the best practices and foreknowledge of common challenges, you can achieve more with remote teams!

In this CPE session, we will also focus on the staffing challenges of remote working.

Learning Objectives

  • To discuss the emerging challenges of accounting teams.
  • To analyze offshore staffing.
  • To discuss the best practices of offshore staffing.
  • To analyze the staffing challenges of remote working

Qualifies For

License details Credits Status
Accountant/Bookkeeper/Tax Professionals 7 General Credit Eligible
Chartered Professional Accountant in Canada 1 CPD Eligible
Certified Management Accountants (CMA) 1 CPE Eligible
Business Mgmnt and Org for Certified Public Accountants (CPA-US) 1 CPE Approved
Certified Fiduciary and Investment Risk Specialist (CFIRS) 1 CE Eligible
Certified Wealth Strategist (CWS) 1 CE Eligible

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

2:30 PM - 3:00 PM EDT

Break

Speakers:
Speaker Name
Gary Cokins

Advisor
Gary Cokins

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This CPE session involves the shift from historical reporting to predictive costing such as capacity-sensitive driver-based rolling financial forecasts, what-if analysis, and marginal cost analysis (e.g., pricing).

The annual budgeting process is being criticized as obsolete soon after it is published, prone to gamesmanship, cumbersome to consolidate cost center spreadsheets, not being volume sensitive, and disconnected from the strategy. The challenge is how to resolve these deficiencies.

It can be done through driver-based expense projections also useful for decision analysis.

The annual budget is often perceived as a fiscal exercise done by the accountants that are disconnected from the executive team’s strategy and does not adequately reflect future volume drivers. The budget exercise is often scorned as being obsolete soon after it is produced, and biased toward politically muscled managers who know how to overstate and “pad” their budget request.

To complicate matters, traditional budgets are typically incremented or decremented by a small percent change from each cost center’s prior year’s spending level. This “use it or lose it” behavior by managers in the last few months of the fiscal year unnecessarily pumps up their prior year’s costs and consequently confuses analysis of who needs how much budget in the coming year.

Today organizations are shifting to rolling financial forecasts, but these projections may include similarly flawed assumptions that produce the same sarcasm about the annual budgeting process.

This CPE session provides a solution to poor budgeting and rolling financial forecast methods.

Learning Objectives

  • To analyze the deficiencies with the traditional annual budget.
  • To discuss how to apply unit-level consumption rates with forecasts to project operational expenses.
  • To discuss how to include strategic and risk mitigation projects in expense projections.
  • To investigate how to apply “predictive accounting” for capacity-sensitive driver-based rolling financial forecasts, 
  • To analyze how to apply “predictive accounting” for what-if analysis, and outsourcing decisions.
  • To inspect how to shift from bottom-up cost center consolidations to top-down modeling.

Qualifies For

License details Credits Status
Accountant/Bookkeeper/Tax Professionals 7 General Credit Eligible
Accredited in Business Valuation (ABV) 1 CPD Eligible
Chartered Professional Accountant in Canada 1 CPD Eligible
Certified Internal Auditors (CIA) 1 CPE Eligible
Certified Management Accountants (CMA) 1 CPE Eligible
Finance for Certified Public Accountants (CPA-US) 1 CPE Approved
Certified Valuation Analyst (CVA) 1 CPE Eligible
Chartered Financial Analyst (CFA) 1 PL Eligible
Certified Fiduciary and Investment Risk Specialist (CFIRS) 1 CE Eligible
Certified Wealth Strategist (CWS) 1 CE Eligible

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Speakers:
Speaker Name
Anton Anderson

Co-Founder
Entigrity Solutions, LLC

Speaker Name
Jena Wilson

Director of Business Development
Entigrity Solutions, LLC

We are upgrading to a 21st-century business model and transitioning from the old, 20th century way of doing business. We have to change our focus to look forward by shifting away from a backward-looking, compliance-driven focus toward a proactive and holistic client-need focus.

This CPE session will help you to change the outdated referral model with the new team-based model.

The outdated model reactively sends client referrals for professional services whereas, in practice, referrals rarely happen – and we have little or no quality control. The new team-based model - “Proactive Planning Team” combined with “Virtual Family Office Experience” in which we aim to help you become the Planning Team Lead, working closely together to address clients’ biggest problems and to help them meet their most important goals both personally and professionally.

It takes time to build a marketing plan and it will change anyway, right? 100%.

But creating your marketing plan is worth every minute of your time. If you build a business without a marketing plan, it’s like constructing a house without a blueprint. And you need a really good marketing plan template to get you on the right track.

A well-developed 12-month plan gives you a blueprint to intentionally create scalable growth and get control over your time and energy.

This CPE session will help you in understanding the importance of having a plan and will guide you in creating your unique value proposition.

Learning Objectives

  • To discuss the outdated referral model.
  • To analyze the new team-based model.
  • To discuss how to change the outdated referral model with the new team-based model.
  • To discuss the importance of having a plan.
  • To analyze the annual marketing plan.
  • To investigate your unique value proposition.
  • To discuss key activities of the annual marketing plan.

Qualifies For

License details Credits Status
Accountant/Bookkeeper/Tax Professionals 7 General Credit Eligible
Chartered Professional Accountant in Canada 1 CPD Eligible
Certified Management Accountants (CMA) 1 CPE Eligible
Business Mgmnt and Org for Certified Public Accountants (CPA-US) 1 CPE Approved
Certified Fiduciary and Investment Risk Specialist (CFIRS) 1 CE Eligible
Certified Wealth Strategist (CWS) 1 CE Eligible

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Speakers:
Speaker Name
Ben Stanbury

Owner
Prosper

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As an accountant, you may be wondering whether or not branding is really that important. After all, individuals and businesses will always need your help, right?

Correct, but just remember that you are not the only accountant in the world.

The accounting market is saturated. Consumers have endless options when it comes to who they want to manage their books, so you need to give them a reason to pick your firm over the rest.

But how do you do this?

Well, this is where your brand comes in. If done correctly, your brand will differentiate you and give consumers a reason to both remember and want to work with you.

Having a serious brand strategy is what sets the most exciting and ambitious accounting practices apart and helps them get ahead. Done right, it will make your firm stand out and help you connect with the clients you want – the people you get a buzz from working with.

This CPE session helps to deliver first-class brand identities and touchpoints for financial consultants, CPAs, and accountants.

Learning Objectives

  • To discuss branding for accountants.
  • To analyze the shift from rational to emotional branding.
  • To discuss how to overcome the challenges of branding.

Qualifies For

License details Credits Status
Accountant/Bookkeeper/Tax Professionals 7 General Credit Eligible
Communications and Marketing for Certified Public Accountants (CPA-US) 0.5 CPE Approved
Certified Fiduciary and Investment Risk Specialist (CFIRS) 0.5 CE Eligible
Certified Wealth Strategist (CWS) 0.5 CE Eligible

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Speakers:
Speaker Name
Chris Rivera

Director of Strategic Growth
MYCPE ONE

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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 in this CPE session 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.

Major topics covered in this CPE session:

  • 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. Come forward with challenges that either you are facing or anticipate to face or we will possibly try to resolve them.

Learning Objectives

  • To discuss how to engage and integrate the onshore/offshore team.
  • To analyze how to manage the change of offshoring in the firm involving client & team perspective.
  • To inspect how to restructure roles & responsibilities.

Qualifies For

License details Credits Status
Accountant/Bookkeeper/Tax Professionals 7 General Credit Eligible
Personnel/Human Resources for Certified Public Accountants (CPA-US) 0.5 CPE Approved
Certified Fiduciary and Investment Risk Specialist (CFIRS) 0.5 CE Eligible
Certified Wealth Strategist (CWS) 0.5 CE Eligible

Other Details

Subject Area

-

Course Level

Basic

Instuctional Method

Group Internet Based

Pre-requisites

-

Advance Preparation

-

Session Speakers

Gary Cokins
Gary Cokins

Advisor
Gary Cokins

Jan 19th, 2022

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Enhance Your Finance & Management Skills with Shawn Parikh
Shawn Parikh

Co-Founder & CEO
MYCPE ONE

Jan 19th, 2022

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Chris Rivera
Chris Rivera

Director of Strategic Growth
MYCPE ONE

Jan 19th, 2022

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Jeff Borschowa
Jeff Borschowa

Speaker
J. Galt Finance Suite

Jan 19th, 2022

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Manish Gupta
Manish Gupta

Founder & CEO
VITTPRO

Jan 19th, 2022

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Andrew Lassise
Andrew Lassise

Chief Executive Officer (CEO)
Tech4Accountants

Jan 19th, 2022

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Anton Anderson
Anton Anderson

Co-Founder
Entigrity Solutions, LLC

Jan 19th, 2022

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Basil Agrocosta
Basil Agrocosta

Certified Public Accountant (CPA)
Agro Accounting

Jan 19th, 2022

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Jena Wilson
Jena Wilson

Director of Business Development
Entigrity Solutions, LLC

Jan 19th, 2022

View More
Ben Stanbury
Ben Stanbury

Owner
Prosper

Jan 19th, 2022

View More

Frequently Asked Questions

Virtual conference with MYCPE ONE is enveloped around a theme or subject or driven towards a particular audience, and is designed to be more collaborative; with a tremendously interactive agenda, panel discussions, and gives an option to all participants being able to turn their web cameras on and participate more actively. Virtual conference offers multiple sessions over a longer time frame of more than 8 hours. Virtual conferences help build a community or initiate networking opportunities.

MYCPE ONE is seamlessly integrated with ZOOM for conducting continuing education events. Please ensure that you check the system requirements before the event starts. The system requirements are :

  • An internet connection – broadband wired or wireless (3G or 4G/LTE)
  • Speakers and a microphone (required in case of interactive sessions) – Built-in, USB plug-in, or wireless Bluetooth
  • A webcam or HD webcam - built-in, USB plug-in (required in case of interactive sessions)
  • CLICK HERE to view the System Requirements for Zoom.

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.

The MYCPE ONE virtual events are designed to impart education around a specific theme or subject from a basic to an advanced level, which is why we do not recommend you to leave the event in between. However, if you had to leave the event because of some unforeseen circumstances, you would be granted the credits for the sessions that you attended completely and wherein you answered all the polling questions.

The recording of the event can be made available to you, on request. You can reach out to us at support@my-cpe.com or can also let us know through live chat support if you need a recording for this event. However, the recording shall not be available for Continuing Education Credits.


During every conference the chat panel shall always be open. You can mention the issue faced by you in the chat panel and our moderator will take it up for resolution shortly. You can also reach out to our support team in the live chat support or at support@my-cpe.com



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