Episode Overview:

Kristie welcomes Nef Palacio, a CPA since 2021, to discuss his journey into accounting, the value of the CPA credential, and the realities of working in public accounting.

Key Topics:

Career Beginnings:

• Nef shares how a high school accounting class and encouragement from his sister sparked his interest in the field. Influential professors and peers in college introduced him to the CPA path and its professional opportunities.

Benefits of Being a CPA:

• The CPA designation has opened doors both professionally and personally, enabling Nef to connect with like-minded professionals, mentor interns, and participate in recruiting efforts.

A Day in the Life:

• Nef describes his typical workday, which includes catching up on emails, reviewing tax returns, attending meetings, and taking essential breaks. During busy season, hours are longer, but flexibility increases after major deadlines.

Advice for Aspiring Accountants:

• Nef encourages newcomers to embrace the learning curve, noting the profession’s challenges and rewards. He highlights the satisfaction of seeing a project through to completion and the financial stability the field offers.

Debunking Misconceptions:

• Addressing stereotypes, Nef explains that accounting is far from boring or purely about math. The work is dynamic, people-focused, and involves problem-solving and strategic advising for clients. Technology and software have streamlined routine tasks, allowing accountants to focus on higher-level consulting.

The Future of Accounting:

• Nef discusses how skills in accounting empower professionals to create solutions and seize opportunities. He notes the growing role of AI and outsourcing in handling routine tasks, freeing accountants to provide more client-focused services.