Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

AcctgChat Transcript November 13 2009


Published on

Transcript of #AcctgChat for November 13, 2009. Accounting Chat is a twitter chat for accountants and other professionals interested in discussing news, ethics, standards, software and more on Twitter.

Follow: @AcctgChat for more

Published in: Technology, Business
  • Be the first to comment

  • Be the first to like this

AcctgChat Transcript November 13 2009

  1. 1. AcctgChat: One hour until the world's first Accounting Chat on Twitter: #AcctgChat - more details here - 11/13/2009 11:24 AcctgChat: Welcome everyone to #AcctgChat! If you're new to these Twitter chats it may take a bit to get used to them. See next few tweets... 11/13/2009 12:31 AcctgChat: Think of Twitter chats as Serendipity Engines: they're ways of rallying around topics, meet others & share ideas #AcctgChat 11/13/2009 12:32 AcctgChat: So let's get started with introductions! Tell us about yourself - what you do, what you're passionate about. Pitch urself in 140 #AcctgChat 11/13/2009 12:34 WChrisLeach: Chris Leach, Dir. of Finance at Washburn University. Passionate about baseball and my hatred of cash flow statement. #AcctgChat 11/13/2009 12:36 IGAFWorldwide: Exec. Dir. of a global accounting association. Dipping a toe into the social media pool. #AcctgChat 11/13/2009 12:36 AcctgChat: @WChrisLeach lol - been through direct method hell long ago. Welcome! #AcctgChat 11/13/2009 12:37 michellegolden: Thrilled to be able to join the very first #acctgchat Join now! 11/13/2009 12:37 dhelwig: Debra Helwig w/ IGAF Worldwide, an assn of acctg firms; passion - connecting folx at great firms & sharing ideas abt prof svcs #acctgchat 11/13/2009 12:38 WChrisLeach: Not only direct method, but GASB 34 direct method. Financing broken down between capital and noncapital.... #AcctgChat 11/13/2009 12:38 AcctgChat: @IGAFWorldwide Welcome! One goal of these chats is to help the profession get up to speed with social media. #AcctgChat 11/13/2009 12:38 AcctgChat: OK, first topic coming up in one minute. We'll have 3 topics. Please prepend your response with the topic number (T1, T2, etc.) #AcctgChat 11/13/2009 12:40 Schneider_Downs: MKT Spvr @ firm with 340+ empl.,offices in Pittsburgh, Pa & Columbus, OH, offer range of services: audit to M&A. #acctgchat 11/13/2009 12:40 AcctgChat: T1 Web Literacy: How prepared for the 21st Century is the profession (CPAs, Corp. Accountants, faculty, etc.)? #AcctgChat 11/13/2009 12:41 Schneider_Downs: Like @IGAFWorldwide, we too are dipping toe into social media pool. #AcctgChat 11/13/2009 12:42 WChrisLeach: T1 Depends on how you define "web literacy". Familiar with web in general? Very prepared. Familiar w/ acct resources? Not very. #AcctgChat 11/13/2009 12:42 michellegolden: T1 Gotta take this topic: not well-prepared at all! Websites still mostly brochureware and only 122 CPA bloggers. Not good. #acctgchat 11/13/2009 12:43
  2. 2. IGAFWorldwide: T1 We have members (non US) that print email and hand write responses for secretary to then type - so the answer varies globally #AcctgChat 11/13/2009 12:44 AcctgChat: @WChrisLeach In particular with social media - in terms of leveraging the new tools (Twitter, blogging, etc.). #AcctgChat 11/13/2009 12:44 BillSheridan: T1 I think they're aware of the *need* to prepare, but most have a lot of catching up to do. #AcctgChat 11/13/2009 12:44 darcangeloCPAs: T1 - Many of us are obviously web-literate and are helping our Firms, but not sure how much of the actual profession is prepared. #Acctgchat 11/13/2009 12:45 WChrisLeach: T1 Following up on @michellegolden I can't think of an accounting blog devoting any significant space to GASB topics. #AcctgChat 11/13/2009 12:45 going_concern: Going_concern: Information hub, gossip column, playground for accountants. #acctgchat 11/13/2009 12:45 IGAFWorldwide: T1: We also have about 1/2 the people on here now - so maybe pretty good! Overall - too early to tell - amazingly! #AcctgChat 11/13/2009 12:46 WChrisLeach: T1 Like @michellegolden said, mostly brochureware. Some firms have simple calculators & forms, but not many I've seen. #AcctgChat 11/13/2009 12:46 michellegolden: Agree w/ @WChrisLeach accts don't think FIRST 2 "google it" Miss lots of key info (like following RSS feeds) #acctgchat 11/13/2009 12:46 dhelwig: If you listen to most (not all) firm mktg professionals, they have an uphill battle to get firms to buy in, esp to social media #acctgchat 11/13/2009 12:47 AcctgChat: As a follow-up to T1: how are you using the Web?: example: to stay up-to-date, collaborate, communicate with peers, etc. #AcctgChat 11/13/2009 12:47 Schneider_Downs: T1: Think there is a fear that technology takes away from the personal relationships #AcctgChat 11/13/2009 12:48 michellegolden: T1 @WChrisLeach ya,don't know of GASB blog either. If you find 1, let me know. I list many here: #acctgchat 11/13/2009 12:48 BillSheridan: BTW, I'm editor w/ Md. Assn. of CPAs, passionate about connecting / collaborating w/ CPAs & turning the social media flywheel. #AcctgChat 11/13/2009 12:48 WChrisLeach: T1 follow-up: Yes. :-) #AcctgChat 11/13/2009 12:48 WChrisLeach: T1 @michellegolden Thanks for the link. I'll check it out. #AcctgChat 11/13/2009 12:49 BillSheridan: @Schneider_Downs T1 Key message: Used correctly, these new tools actually *enhance* relationships and build new ones. #AcctgChat 11/13/2009 12:50 dhelwig: @billsheridan Exactly, soc med is a tool - nothing more than that - it's not a replacement
  3. 3. for other networking etc. #acctgchat T1 11/13/2009 12:50 michellegolden: T1 MD Assn CPAs (@BillSheridan & @tomhood) do a great job using SM. @MNCPA is, too #acctgchat 11/13/2009 12:51 darcangeloCPAs: T1 - use web to find leads, provide content/value to clients, spread the word about the firm #Acctgchat 11/13/2009 12:51 Schneider_Downs: Lots of debate about value of social media for B2B especially w/ respect to services. Not a lot of case studies. #AcctgChat 11/13/2009 12:52 dhelwig: @carcangelocpas AH, but you, @schneiderdowns, @bcgcompany, @hurstaccountant - only a few firms w/ good presence on Twitter #acctgchat 11/13/2009 12:52 WChrisLeach: T1 @BillSheridan Yes! Sounds trite but fmr employer had objective of giving "high touch, high tech" srvc; hard 2 do but good goal #AcctgChat 11/13/2009 12:52 AcctgChat: OK - next topic coming up in 2 minutes. You're free to talk about any topic, but just prepend with topic number. #AcctgChat 11/13/2009 12:52 michellegolden: t1 Great point @dhelwig CPAs often confuse SM tools with "Strategies" and they aren't, in and of themselves. #acctgchat 11/13/2009 12:52 dhelwig: Typo, sorry @darcangelocpas, @schneider_downs #acctgchat T1 11/13/2009 12:53 retheauditors: I'm in, Sorry got caught on the phone #acctgchat 11/13/2009 12:53 dhelwig: Must run to appointment - GREAT chat - look forward to next week, all #acctgchat 11/13/2009 12:53 michellegolden: t2 important to remember that SM is just a relationship ACCELERANT but that must still move from "digital" to "personal" #acctgchat 11/13/2009 12:53 AcctgChat: T2 Accounting Software User Experience: What key elements of user experience are a *must*? What works? What's a disaster? #AcctgChat 11/13/2009 12:54 BillSheridan: @Schneider_Downs T1 Those case studies are in the process of being built as we speak. #AcctgChat 11/13/2009 12:54 Schneider_Downs: Must run too. Excellent chat. Looking forward to next week. #AcctgChat 11/13/2009 12:55 geoffdevereux: We're always input from #Acctgchat guys to help improve our online reporting software @indicee. B.I. for non-techies. 11/13/2009 12:55 retheauditors: I'm @retheauditors Blogger , freelance financial journalist and speaker. #acctgchat 11/13/2009 12:55 AcctgChat: @Schneider_Downs @dhelwig Thanks for stopping by - I'll post a transcript and announce the next one later. Cheers! #AcctgChat 11/13/2009 12:56
  4. 4. WChrisLeach: T2 Found that experience on one pkg doesn't translate to another unless there is a fairly high degree of knowledge of accounting. #AcctgChat 11/13/2009 12:56 michellegolden: T1 Agree @BillSheridan - can't look to precedent here, must be trailblazers. Nothing special about being the 5000th adopter! #acctgchat 11/13/2009 12:56 AcctgChat: @retheauditors Great to see you show up - we're on T2 (see previous tweets on this account). #AcctgChat 11/13/2009 12:57 gtiadvisors: RT @retheauditors: I'm @retheauditors Blogger , freelance financial journalist and speaker. #acctgchat 11/13/2009 12:57 robpas: Also fun at parties RT @retheauditors I'm @retheauditors Blogger , freelance financial journalist and speaker. #acctgchat 11/13/2009 12:58 IGAFWorldwide: T2: Biggest complaints - Interface, usability, support, linkage w/other programs. Smallest compaints - Not enough features. #AcctgChat 11/13/2009 13:00 HumphreyCPA: T2-re: Software-like so many 'old schoolers', we get complacent on the process that heaven forbid, we have to change #AcctgChat 11/13/2009 13:01 HumphreyCPA: @IGAFWorldwide -Faster is not always better. What works today, might not work tomorrow. plus does it work with other apps #AcctgChat 11/13/2009 13:02 WChrisLeach: T2 Good point on interface. That's what often gives non-professionals fits when learning/using a package. #AcctgChat 11/13/2009 13:02 retheauditors: T2 How many are still doing formal software selection for their clients or are clients skimping on that step? #acctgchat 11/13/2009 13:03 cpaboise: @retheauditors I still do software selection and installation and setup and training for clients #acctgchat 11/13/2009 13:05 AcctgChat: Next topic coming up in 1 minute. #AcctgChat 11/13/2009 13:09 AcctgChat: T3 Influence of Big Four: How has consolidation affected the profession (standards, ethics, practice) over these 20 years? #AcctgChat 11/13/2009 13:10 IGAFWorldwide: T3: Monopolies and monopsonies tend to misbehave - Anyone care to start the list of emprical or anecdotal examples ;-)! #AcctgChat 11/13/2009 13:15 cpaboise: T3 Big 4 and ethics, practice: reminded us why we are called certified *public* accountants, our duty is to public first #acctgchat 11/13/2009 13:16 AcctgChat: I think we'll be able to squeeze one more topic - coming up in a few minutes. #AcctgChat Feel free to continue whichever one you'd like. 11/13/2009 13:18 retheauditors: Absolutely RT @cpaboise: T3 reminded us why we are called certified *public* accountants, our duty is to public first #acctgchat
  5. 5. 11/13/2009 13:18 AcctgChat: T4 Promulgation & Political Compromise: How big a factor is political compromise in FASB (or foreign analogues)? #AcctgChat 11/13/2009 13:21 gtiadvisors: RT @retheauditors Absolutely RT @cpaboise T3 reminded us why we are called certified *public* accountants, duty to public first #acctgchat 11/13/2009 13:29 AcctgChat: WOW! An hour's up. Not bad for a first run of #AcctgChat! Thank you all for stopping by. Transcript of chat will be up in abit. 11/13/2009 13:31 retheauditors: Oh, I could go on... One word: Oligopoly RT @AcctgChat: T3 Influence of Big Four: #AcctgChat 11/13/2009 13:32 BillSheridan: Thanks for the fun chat! #AcctgChat 11/13/2009 13:33 AcctgChat: The times for #AcctgChat are not yet in stone. I will pick a few different ones over the weeks to get a pulse of what's best. 11/13/2009 13:33 AcctgChat: Next #AcctgChat is Thursday 11/19 8:30pm EST. 11/13/2009 13:34 IGAFWorldwide: Thanks to all - from tiny acorns....etc. etc. #AcctgChat 11/13/2009 13:35 AcctgChat: @BillSheridan Sure, my pleasure! Thanks for stopping by - next one is Thursday 11/19 8:30pm EST. Transcript will be up later. #AcctgChat 11/13/2009 13:35 michellegolden: Thanks for the convo! #acctgchat 11/13/2009 13:36