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donnyitk

donnyitk has written 47 posts for Improving the World…by Inspiring Accountants

Presence and Mindfulness Tips to Emerging Victorious from Busy Season

I see my dealing with busy season issues as derivative exercises in presence and mindfulness—being present wherever you are and listening to what your body is telling you. By focusing your energy on what you can do to make progress forward, rather than worrying about the past (which you can’t do anything about), you can put your energy to good use in helping you to reach your goals.

I journaled to vent out both my frustrations and those that others had shared with me, so that I wouldn’t hold them inside and have risk of them suddenly lashing out if triggered. I also meditated regularly so that I could figure out how I was feeling, recognize both the productive and non-productive thoughts, and figure out what I needed to let go of (possibly by journaling) and what I needed to do to help move toward a resolution. Continue reading

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Looking at Tax Technology Innovations at the WSCPA Pacific Tax Institute

Earlier this week, I had the opportunity to speak at the Washington Society of CPAs’ (WSCPA) Pacific Tax Institute about the changes coming to the accounting profession with big data, robotic process automation, and artificial intelligence technologies. These technologies have reached a point of practical maturity for use in supporting tax services. It’s always interesting … Continue reading

Building Relationship and Trust to Deal with “Interesting Times”

Last week Monday, I spoke at BKR International’s 2018 International Meeting. This was a truly international meeting with representatives from firms in over 48 countries around the world, all gathered in Shanghai, China. The meeting’s theme was “embracing transformation” and I was pleased to speak on how emerging technologies are enhancing the accounting profession rather … Continue reading

The Important Role Accountants Play in Keeping the American Dream Alive!

#AICPAENGAGE kicked off this morning with Maria Contreras-Sweet, former Administrator of the Small Business Administration, speaking on The Power of American Businesses and Entrepreneurs. She opened her keynote with an effusive thanks to all of us CPAs because we are the ones helping small business owners pursue their dreams and also advising and holding big … Continue reading

Getting Ready to Go Beyond and Transform Accounting

This year’s AICPA ENGAGE (#AICPAENGAGE) conference theme is “Go Beyond”, and this morning’s keynote looked at how the “accelerated pace of change and advances in technology are creating the need for us to go beyond convention … disrupting the ways in which we think, learn, communicate, [and] conduct business.” There’s a great video on AICPA … Continue reading

Do We Need to Shift to Competency-based Professional Education?

Everyone knows that the current continuing professional education (CPE) model in the CPA profession is broken, and while there is a lot of discussion about the future of learning and how the model has to change, the only ones that I know who are making huge strides in enacting the changes is the Indiana CPA … Continue reading

Fun with BKR in the Dominican Republic | Life as a CPA (Season 2)

I’ve always loved getting to explore new places. I think I inherited the gene from my grandmother who despite her humble upbringing in Wahiawa, Hawaii, spent a lot of time reading about different cultures and history, and traveled to see the world on a very modest budget. I am somewhat similar. I don’t believe in … Continue reading

Personal branding for CPAs | Life as a CPA (Season 2)

My conference season this year began with a visit to the Arkansas Society of CPAs‘s Emerging Leaders “Catfish and CPE” event. It was fun for me to share the story of how I went from “Donny Shimamoto” to “donnyitk”, as I taught over 40 emerging leaders in Little Rock, AR how to leverage the CPA … Continue reading

Transforming the Accounting Profession to Improve the World

I originally started this blog 6 years ago to start building my personal brand and to help promote the mindset change that was needed to make our world a better place. I thought that by taking a broad approach to promoting the values and philosophies that I could inspire the next generation of business professionals … Continue reading

Accountants are Critical to Big Data Success

Last year I discovered an interesting faction of the American Accounting Association that was focused on Big Data. When Big Data first came out, I characterized it just the newest buzz word for business intelligence. Attending last year’s Accounting IS Big Data conference really opened my eyes to the potential to leverage Big Data and … Continue reading

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