The FinTech Flo

FinTech Flo - Episode 17 (10/19/23)

Oct 19, 2023

Topics discussed in this episode include the shift towards advisory services in the finance industry, top cities for accountants, the challenges facing big four firms in adapting to financially oriented markets, requirements and expectations for a senior accountant position, the comparison of Rivian to Android and Tesla to Apple, accounting compensation and talent shortage, career progression in accounting, and a mysterious case that requires patience.

01:00:30

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Increasing accounting salaries could help address the talent shortage in the industry.

Asset-based loans provide flexibility in borrowing against assets, but come with higher compliance costs.

The lack of disclosure in business deals, like the Adidas and Kanye West partnership, highlights the need for transparency and comprehensive disclosure.

Deep dives

Accounting Salaries Lag Behind Other Professions

According to recent data, accounting salaries have not kept up with inflation and have fallen behind salaries in other professions. This could be a major factor contributing to the talent shortage in the accounting industry. Increasing salaries could be a solution to attract and retain high-quality talent.

Introduction

2min

Top Cities for Accountants and the Shift towards Advisory Services

11min

Advisory Services in Big Four Firms

15min

Requirements and Expectations for a Senior Accountant Position

11min

Comparing Rivian to Android and Tesla to Apple, and Considering the Comfort Level of Buying a Car

2min

Accounting Compensation and Talent Shortage

16min

Exploring the Career Path and Compensation Potential in Public Accounting

2min

Career progression in accounting and a mysterious case

2min

Spooky Season Is A Going Concern
We are deep into October, which means the spooky season is in full swing - naturally, along with that comes a growing going concerning section. On this episode, the compliance versus advisory services get some clarification above the noise that circulates the accounting profession, the current financial landscape gets opened up by borrowing tactics and start-up risks, and the need for more transparency of financials gets called upon once again. This episode and all FinTech Flo episodes are available for CPE credit over at FloQademy and on the Earmark app (links below!)

Earn CPE credit while you watch, along with a bunch of other high quality, engaging, and entertaining CPE eligible video content for free as a member of FloQademy! https://learn.floqast.com/ or via the Earmark app! https://earmarkcpe.com/download/

There’s lots you can do in your career with an accounting background - we’re hiring! Learn more at www.floqast.com/careers

Want to watch? Head over to www.youtube.com/floqast

Produced by @FloQastStudios
https://www.youtube.com/floqaststudios
https://www.instagram.com/floqaststudios
https://www.twitter.com/floqaststudios