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AUDIT & ASSURANCE

Jeff Joireman: How CSR Drives Consumer Behavior | Know-How Korner

Beyond its ethical implications, CSR can bring tangible financial gains, including increased sales and market share.  

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Know-How Korner
With Donny Shimamoto
Center for Accounting Transformation

Corporate social responsibility has become more than just a buzzword; it’s a critical component of modern business strategy.

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In the latest episode of Know-How Korner, Donny Shimamoto hosts Jeff Joireman, a distinguished professor of marketing at Washington State University, who shares his extensive research on CSR and its profound impact on consumer behavior.  READ MORE →

CLIENT ACCOUNTING SERVICES

CAS Can Play a Critical Role in Clients’ Vendor Selection

The needed skills are already part of the accountant’s skill set; they just need to be applied outside of the finance function. 

By Donny C. Shimamoto, CPA, CITP, CGMA
Center for Accounting Transformation

Historically, vendor selection has been primarily driven by operations or IT teams. However, recent research by the Chief Executive Group for the CFO Leadership Council shows that Finance Teams play a critical role in vendor selection. Forward-thinking CAS teams should take a cue from these Finance Teams and broaden their service offerings to help clients be more successful. 

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How Finance Teams Support Vendor Selection 

As shown in Figure 1 below, more than 7 of 10 Finance Teams are involved in the final selection of vendors and products. Many people often see Finance’s involvement as just the final stamp of approval, but the research clearly shows that Finance Teams are involved throughout the purchasing process. 

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ACCOUNTING ARC

Archos Advisors: A Structured Approach to Change Management

Innovation Insights: Effective change management strategies include understanding human nature, scaling and ranking people dependence, and addressing resistance. 

Center for Accounting Transformation
Center for Accounting Transformation

Innovation Insights
With Donny Shimamoto
Center for Accounting Transformation

In a rapidly evolving business landscape, managing change effectively is crucial for organizational success. In the latest episode of Innovation Insights, Donny Shimamoto, CPA.CITP, CGMA, hosts Diane Brown, Managing Principal, and David Graham, Principal, from Archos Advisors, to explore the importance of change management in driving performance and innovation.

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“Organizations don’t change; it’s the people within them that change,” says Brown. This statement encapsulates the essence of change management, which Brown defines as applying a structured approach to transition an organization from its current state to a desired future state to achieve specific outcomes.

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FEATURED VIDEO

It’s Time for Accounting to Play the Infinite Game

Agents of Transformation, the time is now.

By Donny C. Shimamoto, CPA, CITP, CGMA
Center for Accounting Transformation

Every day, I see or hear criticisms of the accounting profession: everyone is burning out, the partners are only in it to get rich, everyone is leaving the profession, and students don’t want to be accountants anymore. It wrenches my heart to hear this because I love my work. I’ve had a wonderful career that lets me help others succeed, and the broader accounting profession has opened up opportunities that I would never have dreamed possible. Is accounting really on the decline? Ask the pundits, and you get a resounding “Yes!” 

MORE: Harper & Co. CPAs: The Perspective of a Non-Accountant is Imperative | Menlo Innovations: Improve Office Culture by Overhauling Internal Reviews | Dustin Wheeler: For Serious CAS Success, Hire Tech Teams | Chase Birky: Overcoming Paralysis By Analysis |

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Yet, reading Simon Sinek’s book, The Infinite Game, shed some light on what the profession is doing wrong—the current leaders of the profession are playing a finite game. One of the key concepts that Sinek explains in his book is that of an Existential Flex. He described an Existential Flex as something that “recreates that passion for something new at a time when the company is already enjoying success.” This is where the accounting profession is now. We’ve enjoyed decades of success, and accounting firm partners and CFOs have been enjoying the riches of that success, but our profession has lost the connection to our Just Cause.  

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ACCOUNTING ARC

Unraveling the Collapse of Silicon Valley Bank | Accounting ARC

Delving into financial disarray and what contributes to the shutdown of community banking institutions

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Accounting ARC 
With Donny Shimamoto, Liz Mason, and Byron Patrick
Center for Accounting Transformation

In the labyrinth of financial intricacies, the collapse of a bank sends shockwaves through the economic landscape, leaving stakeholders scrambling for answers. In this episode, “Accounting ARC: Unraveling the Collapse of Silicon Valley Bank” dissects the demise of Silicon Valley Bank to unravel the intricate web of factors that precipitated its downfall.

MORE: Harper & Co. CPAs: The Perspective of a Non-Accountant is Imperative | Menlo Innovations: Improve Office Culture by Overhauling Internal Reviews | Dustin Wheeler: For Serious CAS Success, Hire Tech Teams | Chase Birky: Overcoming Paralysis By Analysis |

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Hosted by seasoned financial experts, this Accounting ARC episode, featuring Terry Sherrill, CPA, a managing director with TPS Thayer in Sugar Land, Texas, dives deep into the underlying causes of bank collapses while offering invaluable insights for CPAs, auditors, and financial professionals to fortify against such catastrophes.

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