Tuesday, November 13, 2012

No comments - Tax, Finance, CE, CPE, EA, CPA, CFP Blog

Many people outside of the accounting industry incorrectly think that the profession is only about numbers. Although the foundation for an accounting career entails a high level of numerical expertise from courses for CPA study, personal communication skills are ultimately necessary for success. Collaboration about financial information is an increasing important part of CPA work. Evolution of the accountant relationship with clients has involved communication enhancements even as direct contact has declined. In fact, technology has improved communicating while simultaneously delivering faster and more effective data sharing tools. This trend places more weight on accountants to explain complex financial information to business executives in more understandable terms than CPA study material. Accountants are just as likely to use tech communication systems as hunker down over spreadsheets. For example, video chat is a form of conferencing that’s increasingly found at accounting firms. It’s an ideal substitute for face-to-face meetings because the image and audio qualities are so high. Affordable options in this category allow accountants to communicate with a wide range of clients because geographic boundaries are extinguished. An accountant can maintain contact with a client anywhere on the globe. Technology has also extended the reach of accountants by changing how they distribute to clients the financial results created with numbers ability from CPA preparation courses. Documents are more easily shared because of today’s technology. Data sharing on an accounting firm’s servers and from cloud servers results in more factors for CPAs to discuss with clients. Cloud-based office suites also simplify editing of data. In addition, accounting software is more commonly found operating as a service from the cloud. This facilitates immediate accountant finalization of financial statement compilations after transaction posting by a client’s internal staff. All of these systems are much faster and easier ways for accountants to perform tasks for clients. Accountants are functioning as virtual CFOs when deploying their knowledge from study for CPA licensing. As part of that process, accountants are using cloud applications to communicate vital commentary about financial reports. Digital accounting data stored in the cloud is revolutionizing the way accountants relate to their clients. Far from eliminating communication, technology has simply changed the form of communicating. The same protocols utilized by online CPA review courses to easily display cross-referenced facts are also available for accountants to present information for clientele. Sharing of documents and software applications is just the beginning of an expanded avenue for accountants to connect with clients and provide more services. Enhanced communication about the shared data accompanies the process. IRS Circular 230 Disclosure Pursuant to the requirements of the Internal Revenue Service Circular 230, we inform you that, to the extent any advice relating to a Federal tax issue is contained in this communication, including in any attachments, it was not written or intended to be used, and cannot be used, for the purpose of (a) avoiding any tax related penalties that may be imposed on you or any other person under the Internal Revenue Code, or (b) promoting, marketing or recommending to another person any transaction or matter addressed in this communication.

Source: http://fastforwardacademy.blogspot.com/2012/11/interpersonal-skills-are-just-as.html

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