Welcome to another episode of Building the Premier Accounting Firm. Today, Roger Knecht discusses the future of the accounting profession with Troy Lewis, an experienced CPA and BYU professor. They cover the integration of AI, the evolving roles of accountants, and strategies for firm owners to thrive in a rapidly changing landscape. In This Episode: 00:00 Introduction to Troy Lewis 01:34 Why Become an Accountant? 06:01 Bookkeeping vs. Accounting 08:10 The Entrepreneurial Accountant 19:54 Transition to Academia 25:57 Evolution of Accounting Skills: AI 34:56 Embracing AI in Accounting Firms 41:16 Investing in AI Education 46:50 Mentoring the Next Generation 50:05 Positive Perception of Accounting 59:36 AI and Foundational Skills 01:03:03 Training and AI Integration 01:13:00 Entrepreneurial Advice: Embrace Tech 01:31:37 Personal Reflections and Accountrepreneurs Challenge Featured Quotes: "The real answer is to convince them that your product is your time, and that's what you have to sell." - Troy Lewis "If you took a sophomore in college… they are going to be ill-equipped to be able to prompt appropriately into AI tools." - Troy Lewis "The future is still bright in accounting. It is bright." - Roger Knecht Conclusion: Thank you for joining us for another episode of Building the Premier Accounting Firm with Roger Knecht. For more information on how you can establish your own accounting firm and take control of your time and income, call 435-344-2060 or schedule an appointment to connect with Roger's team here. Sponsors: Universal Accounting Center Helping accounting professionals confidently and competently offer quality accounting services to get paid what they are worth. Offers: Special Offers for our Podcast Listeners, CLICK HERE to take advantage of them today! Remember this, Accounting Success IS Universal. Be sure to listen to our next episode and subscribe. Also, let us know what you think of the podcast and please share any suggestions you may have. We look forward to your input: Podcast Feedback For more information on how you can apply these principles to start and build your bookkeeping, accounting, & tax business, please visit us at www.universalaccountingschool.com or call us at 801-265-3777. And know that if it's about accounting, it's Universal.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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