From Balance Sheets to Bytes: The Accounting-IT Dual Path

In the latest ARC, hosts dissect their own journeys and how the two professions merge seamlessly to forge fantastic careers. 

In the latest episode of ARC, hosts Donny Shimamoto, CPA.CITP, CGMA, and Byron Patrick, CPA.CITP, CGMA, delve into the intersection of accounting and IT, discussing how their combined expertise in these fields creates unique advantages in the professional world. 

Patrick, who started his career as a CPA before transitioning into IT, emphasizes the value of understanding both perspectives. “I’ve always seen it as a translator role,” says the vice president of Client Success at the B3 Method Institute, highlighting how his dual background helps bridge the gap between accounting and technology departments. This sentiment is echoed by Shimamoto, founder and managing director of IntrapriseTechKnowlogies LLC and founder of the Center for Accounting Transformation. Shimamoto says he sees himself as a bridge, aiding CFOs and controllers in comprehending and implementing technology. 

The hosts discuss the transformative impact of technology on the accounting profession. Patrick recalls his experience as an IT director for a regional accounting firm, where his ability to present IT budgets that made financial sense was highly valued. This unique blend of skills allows for better decision-making and efficient project implementation, ultimately driving business success. 

A significant portion of the discussion focuses on cybersecurity. Shimamoto underscores the importance of investing in cybersecurity measures, despite the lack of direct financial return. “It’s about reducing risk and managing it better,” he explains, noting that this investment is crucial for protecting sensitive data and maintaining trust. 

The episode also touches on the broader implications of combining accounting with IT. The hosts agree that having simultaneous expertise in both areas offers long-term career benefits. They encourage young professionals to pursue dual specializations, citing the increased earning potential and diverse career opportunities. 

Patrick shares a poignant story about a retired friend who built computer systems in the 1970s using his accounting background, illustrating the longstanding connection between these fields. This historical perspective underscores the evolving nature of the profession and the ongoing relevance of blending accounting with technology. 

The hosts emphasize the importance of multidisciplinary thinking. Shimamoto shares his experience in organizational development and psychology, explaining how these additional skills enhance his ability to drive change and ensure compliance with controls. 

This episode highlights the powerful synergy between accounting and IT. By maintaining expertise in both fields, professionals can navigate the complexities of modern business environments, drive innovation, and achieve long-term success. 

Check out the latest episode of the Accounting ARC Podcast on the Center’s YouTube channel. 

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