Will the CPA of the future look like George Jetson?

by Allen Lloyd, Executive Director at the Montana Society of CPAs

We keep hearing about automation coming to revolutionize the accounting profession and which will in turn, make many accounting jobs disappear.   This made me think about an old friend, George Jetson.  While many episodes revolved around the troubles at Spacely Space Sprockets, George typically only worked an hour a day twice a week.  I don’t think any of us would complain about that schedule.  His main responsibility was to turn the Referential Universal Digital Indexer (R.U.D.I.) on and off.

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When can we expect to live in this wonderful new world?  Unfortunately, not before tax season and probably not before many of us retire.  This doesn’t mean we won’t get to reap some of the benefits of automation.  The Big 4 firms have technology that can do most of the work a typical entry level person does today, this will filter down to all firms probably in the next 5 years.  Similar technology is being developed to automate much of the work accountants do in business and industry, government, and non-profit.

Initially automation is going to make our lives easier as our workloads shift from routine tasks to higher level work.  The bank reconciliation may be automated, but someone still needs to translate the financial statements to help make business decisions.  We will also have to monitor the automations to make sure they are working correctly.  The days of software not doing things the way it should are far from over.

At a recent accounting educators meeting professors from across Montana talked about the importance of learning the fundamentals of accounting.  These skills will be just as valuable in the future as they are today.  It will continue to be critical for CPAs to understanding how activity impacts financial statements.

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One of the issues with automating entry level work is figuring out how we develop recent college graduates into experienced staff?  When computers can do all but the most complicated tax returns how will people learn to complete these returns?

Automation won’t do everything we will still need to manage people, hopefully better than Mr. Spacely.

Change is coming and MSCPA wants to work with you to help shape the future.  Leave a comment below or email me your thoughts about the future.  We are here to facilitate your conversation and help you adapt to working one hour a day twice a week… someday.stat1stat2

Goodbye from Jane Egan

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Jane Egan MSCPA Executive Director

Quoting Winnie the Pooh: “How lucky I am to have something that makes saying goodbye so hard.”

I am excited to be retired and have the time to explore new opportunities but also am sad to be leaving this organization that has been so good to me.

My career with the Society started when Jane Campbell recruited me to be the Society’s first communications person. I remember my first day. . .I didn’t know much about associations or CPAs. As I met you and worked with you, I quickly learned what remarkable people you are. You are smart, generous, giving and dedicated. You taught me how to be a better person and I thank you for letting me work with you all these years. I appreciate the special partnership we have with you, our members and I am forever grateful to you for all you do and have done for me, the Society and the profession. I’ll always remember the fun we have had and the things we achieved together. Please continue to share your time and expertise to advance the profession – you do make a difference!

The Legacy Foundation is near and dear to my heart and I am honored and awestruck by your contributions in my name.

I want to pay tribute to my team for their support and hard work and always putting you, our members, first in everything they do. They have a total of 51 years of service on your behalf:

  • Margaret Herriges – 17 years
  • Carol Lopuch – 13 years
  • Jean Reiden – 10 years this go around with a total of 18 years
  • And Heidi Weis – our newbee at almost three years

IMG_0262Please make an opportunity to get to know your new executive director, Allen Lloyd. The future for the Society looks bright with Allen at the helm.

Thank you!

Allen’s Story

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Allen Lloyd, Incoming MSCPA Executive Director

Hello MSCPA Members!

My name is Allen, and I am excited to become the next Executive Director of this outstanding organization.  My first order of business will be getting to know you and learning what keeps you up at night and what gets you out of bed in the morning.  To break the ice, I wanted to tell you a little about who I am… You can read about my career in the announcement, but that is only a small part of who I am.

Currently, I live in Columbus, Ohio, and people here ask, “Why move to Montana?”  Professionally, this is a dream opportunity, and I look forward to growing and building on the work of Jane, the staff, and our members.  Personally, my family and I love being surrounded by nature, so we are very excited to explore the beauty of the state and take in the landscape you call home.

One of my favorite hobbies is mountain biking.  I didn’t learn to ride until I was six or seven, but once I learned, it was hard to get me off of a bike.  My wife and I met on a mountain biking trip, and I already have a list of friends who want to come riding in Montana.

No handsDuring the interview process, I was asked about relocating to a smaller city.  I turned 40 a couple of years ago, and while my last 20 years were spent in Columbus, most of my first 20 years were spent in a speck on the map called Clarington, Ohio.  Growing up, my world view was two hills and the Ohio River. We drove 10 miles each way to get groceries once a week.  There will definitely be adjustments, but Helena has everything a person needs (nice people, craft beer, good coffee, and a Target).

Bad selfieMy wife, Jill, is an accountant currently working in industry.  When we met, her plan was to be in Columbus for a few months then move west. I only delayed her plans by 16 years.  We have two boys: Byron, who turns 9 later this year and Winston, who turned 7 in December.  As you can imagine, there is rarely a dull moment around our house.  Our family photos do a pretty good job of capturing a typical night at our house.

I would like to thank Jane, the staff, and the volunteers and members for all their work making MSCPA the great organization it is today.  In particular, I want to thank the Search Strike Force for making me feel welcome during the interview process, and for their belief in my ability to lead this organization.

HomeLogowDatesPlease join me at the Annual Conference in Billings, June 22-23. There, we will celebrate Jane’s accomplishments and reignite your passion for the accounting profession with some great speakers and opportunities to connect with friends old and new.  We’ll roll out the welcome mat so you can relax and learn at your professional home!