Accountants: Unleash Your Secret Superpower

It's Time for the Super-Heroes of Ethical Behavior and the Public Trust to Help Save the World.

By Donny C. Shimamoto, CPA.CITP, CGMA

It seems like every day there is either news of a new scandal or additional “discoveries” about an on-going scandal. It’s quite depressing.

I finally took a step back to ask myself: “Why is this happening? Are we just doomed to a world that is just becoming more and more corrupt? Or is there something that can be done to stop this degeneration of society?”

Are Accountants Natively Ethical?

As I pondered how to solve the corruption problem, I asked myself, “how do we get more people to behave more ethically—more like us accountants?”

This then caused me to ask…

  • What is it that makes accountants more ethical?
  • Is it something that is inborn in us?
  • Does being an accountant make us more ethical?
  • Or is it an inborn belief in ethical behavior that makes accounting attractive to us?

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Ready for Non-CPA CPA Firms?

What the AICPA and NASBA could learn from other professions.

By Donny C. Shimamoto, CPA.CITP, CGMA

I’ve been watching NASBA and the AICPA communicate the need for a change to the requirements to be CPA. While at a surface level their rationale makes sense, when I think further about the bigger picture of the accounting profession, I’m not sure I agree with their direction. I do however think that the accounting profession needs to be more cohesive and inclusive, and perhaps that is the better solution to pursue, rather enabling more non-accountants to be CPAs.

RELATED: Accounting Services Aren’t What You Think They Are

One of the major premises of their rationale is that CPA firms are hiring an increasing number of non-accounting graduates so we need to enable more of these people to be CPAs. Well, just because they work at a CPA firm, does someone have to be a CPA? Or just because they help with a tax return audit, or consulting project, do they need to be a CPA?

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Accounting Services Aren’t What You Think They Are

When anyone can do taxes & accounting, what's left for CPAs?

By Donny C. Shimamoto, CPA.CITP, CGMA

When most people hear the word “accountant” they immediately think of taxes or bookkeeping…and the nerdy introvert glued to a spreadsheet on their computer screen.

But in reality, you don’t have to be an accountant to prepare tax returns or record accounting transactions. Neither of those tasks requires any kind of accounting license, credential or certification.

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Learning from Hurricanes Harvey and Irma

What disaster recovery readiness means for accountants.

By Donny C. Shimamoto

Think back just a short while ago when you first found out that Hurricane Harvey was poised to hit Texas. Or when you first heard Irma was about to hit Florida.

MORE: Focus on Cyber Risk, Not Just Security | Making IT Matter to Accountants | IT Nerds Need Budget Help | 8 Ways to Wrestle Software Subscriptions Into Submission | IT Hardware Gets Even More Complex (Great!) | How Accounting Geeks and Techie Nerds Can Play Nicely Together
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If a hurricane or other natural disaster were coming to your town would you know what to do to ensure that the damage and impact to your IT environment was prevented or minimized?
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Focus on Cyber Risk, Not Just Security

Infosec triangleTake a comprehensive and holistic approach that includes your business strategy.

By Donny C. Shimamoto

Cybersecurity is a huge buzzword right now. Businesses are worried about it, people are worried about it and vendors are trying to sell you cyber protection solutions.

MORE: Making IT Matter to Accountants | IT Nerds Need Budget Help | 8 Ways to Wrestle Software Subscriptions Into Submission | IT Hardware Gets Even More Complex (Great!) | How Accounting Geeks and Techie Nerds Can Play Nicely Together
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Attending a cybersecurity webinar or seminar is also not for the faint at heart. Even I, an IT specialist in the CPA profession, often leave those events scared to put any of my personal data anywhere online.
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RESEARCH: When to Replace Your Firm’s Computer Equiment

Arrow Hitting Ground On Laptop Shows Drop On Sale Or Failures

How to plan with "risk of failure" and "ease of replacement" calculations.

By Donny Shimamoto
IntrapriseTechKnowlogies LLC

What are the standard refresh cycles for CPA firm technology equipment? Well, it depends on the type of equipment.

As a physical asset, hardware replacement must usually be planned for in advance so that you’re not scrambling to replace it after it fails. This proactive replacement is often referred to as performing a “hardware refresh.”  Hardware refreshes are often driven by the risk of failure of a particular hardware asset.  Different types of hardware have varying risks of failure as they age. For example, laptops have a relatively high risk of failure once they're four years old, but they are also moderately easy to replace. On the other hand, servers are generally unlikely to fail in their first three years of use, but they can be expensive and difficult to replace.

The table below shows some of the common types of hardware and general risk of failure based on the number of years the hardware has been in service.

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Making IT Matter to Accountants

4 added values, plus questions you both should be asking.

By Donny C. Shimamoto, CPA.CITP
IntrapriseTechKnowlogies

Back in the olden days of 2003, business philosopher Nicholas Carr published an earthshaking article in Harvard Business Review under the title of “IT Doesn’t Matter.” He said that IT had essentially become a commodity, something that every organization had, something that had become so relatively inexpensive that all organizations were – with regard to IT – equal.

RELATED: IT Nerds Need Budget Help | 8 Ways to Wrestle Software Subscriptions Into Submission | IT Hardware Gets Even More Complex (Great!) | How Accounting Geeks and Techie Nerds Can Play Nicely Together

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IT Nerds Need Budget Help

Donny C Shimamoto, CPA CITP IntrapriseTechKnowlogies
Shimamoto

Accountants must define categories of expenditures.

By Donny C. Shimamoto, CPA.CITP
IntrapriseTechKnowlogies

If you think the brainiacs in the IT department are going to tell you how to divvy up their budget into capital and operating expenditures, you’re in for a surprise, and not necessarily a good one. IT people are smart, but they aren’t accounting smart, which, as we all know, is a very special kind of smart.

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8 Ways to Wrestle Software Subscriptions Into Submission

One question leads to another.

By Donny C. Shimamoto
IntrapriseTechKnowlogies

Budget talks between accounting and information technology departments can get pretty complicated. Accountants know budgets; IT folks know IT. Not many people know both.

RELATED: IT Hardware Gets Even More Complex (Great!) | How Accounting Geeks and Techie Nerds Can Play Nicely Together

But you don’t have to know both if you know the right questions. One area of special concern is budgeting for subscriptions to software.

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IT Hardware Gets Even More Complex (Great!)

Donny C Shimamoto, CPA CITP IntrapriseTechKnowlogies
Shimamoto

Some questions for both accountants and IT.

By Donny C. Shimamoto
IntrapriseTechKnowlogies

Budget season is a good time for accountants and IT wonks to get together for a heart-to-heart about hardware. Computers and peripherals aren’t like the hardware of yore. They’re omnipresent in the organization. They have strings attached. They have special issues in obsolescence. Sometimes it’s hard to draw a line between hardware and software.

RELATED: How Accounting Geeks and Techie Nerds Can Play Nicely Together

Here is a suggested a series of questions that accountants and IT wonks should address as they make budget decisions. Here are a few of the ones that relate to hardware: READ MORE →

How Accounting Geeks and Techie Nerds Can Play Nicely Together

The budget demands it.

By Donny C. Shimamoto
IntrapriseTechKnowlogies

Accounting geeks and IT nerds are folks from different countries, different cultures, different ways of life.

They speak different languages and they have different objectives within their organization. The accountants will never fathom – nor should they have to fathom – the hardware and software needs of the IT department. Likewise, IT has more important things to do than deal with the intricacies of accounting. READ MORE →