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Resources for Accountants

315. Make ChatGPT Fire Clients | Cloud Accounting Podcast [Video]

315. Make ChatGPT Fire Clients | Cloud Accounting Podcast

An AI chatbot nearly passed an assurance exam in the UK; ‘Office Space’ movie inspires fraud; how to keep midcareer CPAs happy in your firm; Canadian accountant ordered to repay firm for ‘time theft’; IRS audit rates declined further in 2022.

00:20 Preview: Will AI replace accountants in audits
01:04 Introduction and quick recap of Blake’s week in Park City
03:43 Earmark has launched a new Federal Tax Updates podcast
07:15 Source says Square is launching their own GL
10:46 Some final takeaways from skiing trip
13:18 Thank you to our sponsor, Keeper
14:55 Article about a high school student who wants to become an accountant
17:56 IRS audit rates declined further in 2022
19:10 The Tax Foundation made a graphic on the IRS backlog
21:54 Accountants need to narrow their scope in 2023
23:13 Canadian accounting firm sues employee for overbilling on timesheets
28:46 Thank you to our sponsor, Relay
30:04 “Office Sapce” inspired sofrware engineering scam
32:40 Are mid-career CPAs happy in your firm?
36:25 David’s first reaction to Chat GPT
41:28 Thank you to our sponsor, First Republic Bank
42:31 Blake uses Chat GPT live to demonstrate what it can do
47:33 Chad Davis uses Chat GPT to write fake CAP episode intro
49:46 Somebody used Chat GPT to try to pass a chartered accountant exam in England
54:45 Paula’s message and idea about a national CPA license
58:38 Tori’s email on how a radical step is needed to change the AICPA
59:53 Deanna asks for best apps to import journal entries into QBO Advanced
01:01:47 Accounting firms might want to look into hiring some of these laid off tech employees
01:02:26 Checking in on the live chat discussion on ChatGPT
01:04:09 Wrap up and reminder to subscribe to our YouTube channel
01:07:29 Classifieds
01:07:31 Client Hub
01:08:08 RightTool
01:08:30 Federal Tax Updates Podcast
01:09:44 How to advertise in these classifieds

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Resources for Accountants

Master VBA with WallStreetMojo's Beginner Course! [Video]

🚀 Looking to automate tasks and enhance your Excel efficiency? Whether you're a beginner or a professional aiming to master VBA, this course is your gateway to unlocking the power of Excel macros and automation!​ 🎓 Introducing WallStreetMojo’s Basic Excel VBA Course – Your comprehensive guide to understanding and applying VBA in real-world scenarios, from foundational concepts to practical applications.​ ✅ 16+ hours of self-paced, expert-led video tutorials ✅ One-year unlimited access – Learn at your convenience! ✅ Hands-on Excel-based learning with downloadable templates ✅ Master recording and editing macros, loops, and conditional statements ✅ Learn to automate repetitive tasks and enhance productivity ✅ Earn a globally recognized certification upon course completion ✅ Rated 4.8⭐ by thousands of satisfied learners!​ 🔹 What You'll Learn: 📌 Understand the fundamentals of VBA and macros 📌 Record, edit, and debug macros effectively 📌 Implement loops and conditional statements for automation 📌 Apply real-world scenarios to reinforce learning 📌 Gain proficiency in automating tasks to save time and reduce errors​ 📜 Upon completion, you'll receive a professional certificate to enhance your resume and open doors to opportunities in data analysis, financial modeling, and more.​ 💡 Join over 5,110 learners who have transformed their Excel skills with WallStreetMojo. It's your turn to gain a competitive edge in the data-driven world!​ 🎯 Start your journey to mastering Excel VBA today – Click below to enroll now! 👇​ 🔗 https://www.wallstreetmojo.com/vba/basic-excel-vba-course/ 📢 Subscribe for more practical Excel training and career tips! 🔔 Turn on notifications to stay updated on the latest in Excel education!

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Resources for Accountants

How to Spot Danger in a Positive Cash Flow Statement [Video]

Learn the skills needed for a CFO role: https://controller-academy.com/bundles/cfo-bundle Download file shown in the video: https://thefincontroller.com/p/cash-flow-statement Can a company have positive cash flow and still be in financial danger? In this video, I break down a real-world cash flow statement and show you exactly how to spot red flags—even when the numbers look good. We’ll cover: ✅ What “positive cash flow” really means ✅ The difference between healthy and misleading cash flow ✅ How companies use asset sales, debt, and delays to hide deeper issues ✅ Where to look in the cash flow statement for warning signs Whether you're a student, accounting professional, or business owner, this video will give you the skills to read between the lines and avoid being fooled by surface-level numbers. ----------------------------------- Hang Out with me on social media: 📸 https://www.instagram.com/the_financial_controller/ 📱https://www.tiktok.com/@thefinancialcontroller https://www.linkedin.com/in/bill-hanna-cpa-7653a851/ DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week! All views expressed on my channel are mine alone. Not intended as financial or professional advice

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Resources for Accountants

30-Day Roadmap for New Controller or CFO (My Blueprint) [Video]

Join 10,000+ professionals who enrolled in the Controller Academy 🚀 https://controller-academy.com/courses/controller-academy Get your copy of the 30-day roadmap: https://thefincontroller.com/p/30dayroadmap I am a CPA in the United States and I summarize in the video what new Controllers and CFOs need to focus on during their first 30 days in the role. Videos mentioned during this tutorial: Balance Sheet Reconciliation: https://youtu.be/rXavkEg4Ht0 How to create month-close checklist https://youtu.be/m_SfIf8PKpg Time Stamps: 00:00 Intro 00:36 Agenda 01:15 1. Financial Statement Review 02:46 2. Budget 04:50 3. Internal Controls 08:45 4. Systems 12:41 5. Month-end 14:31 6. People 17:15 7. Compliance 20:15 8. Create 90 day roadmap ----------------------------------- Hang Out with me on social media: 📸 https://www.instagram.com/the_financial_controller/ 📱https://www.tiktok.com/@thefinancialcontroller https://www.linkedin.com/in/bill-hanna-cpa-7653a851/ DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week! All views expressed on my channel are mine alone. Not intended as financial or professional advice

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Resources for Accountants

How to Transition from Startup to Established Company [Video]

The journey from a fledgling startup to an established company is akin to scaling a mountain—fraught with challenges, but also promising breathtaking vistas of growth and success. This transition marks a pivotal moment in the entrepreneurial odyssey, where the agility and creativity that characterized the startup phase must harmonize with the stability and maturity necessary for long-term sustainability. It's a delicate balance, requiring strategic foresight, operational finesse, and unwavering commitment. In this guide, we'll delve into the multifaceted process of transitioning from a startup to an established company, exploring key strategies and best practices to navigate this transformative journey.