accounting in a vuca world - the anticipatory cpa
Post on 09-Jan-2017
3.582 Views
Preview:
TRANSCRIPT
Vote for a question
Respond to Poll
Ask a Question
MACPA.CNF.IO Select your sessionand join the conversation:
91%
Of firms expect to con2nue record hiring
levels
16%
Projected accoun2ng job growth between 2010 and
2020
73%
Of investors express confidence in U.S. capital
markets
87%
Of key decision makers say CPAs are valuable to their
orgs
Our Profession stands strong
Maryland Na8onal Leadership
1. Lyle Benson 2. Wayne Berson 3. Ed Karl 4. Jody Padar 5. Tom Hood + Vice-‐Chair of AICPA, Kimberly Ellison-‐Taylor CEO of NABA, Jina E8enne
Mobile workforce
Patent holding companies
* DOL overtime
* Cash basis
* IRS Service Levels
* Top Priorities of Maryland Managing Partners
DOL ALERT
“The DOL will ask for stakeholder support, and will strongly encourage state boards of accountancy to consider more rigorous review of firms performing ERISA audits and examine how licensing requirements might play a role in improving con8nuing educa8on and boost quality. We believe the contents of these leZers to be reasonable under the circumstances.”
-‐ AICPA Regulatory Affairs
Stats from DOL Maryland is 16th in # of plans/par8cipants/assets with 282 firms audi8ng 1,614 plans with 3 million par8cipants and $264.12 billion in plan assets 24% of all audits and 22% of all plans
Legisla8ve / Regulatory / Standards • State Board
– Posi8oning for Firm Mobility – CPE tracking and audits – Peer Review
• State – Offense
• Firm Mobility • Supersedeas (Appeal Bond) Caps • Peer Review – Subpoena Power
– Defense • Stop Compara8ve Fault – Liability • Stop Sales Taxes on Services • Stop Nullify NDA & Non-‐Compete • Mandatory Leave
CPA Day in Annapolis – January 21, 2016
“if you don’t have 0me to par0cipate in the legisla0ve process, be prepared to accept the consequences of
those who do.”
States with a comprehensive defini8on of aZest
Upholding the profession’s public interest mission
Pennsylvania, Rhode Island and Guam have ac8ve legisla8on to adopt a comprehensive defini8on
Puerto Rico
U.S. Virgin Islands
Guam
Marianas
Defini8on of AZest
Adapted from: Global Management Accounting Principles – CIMA/AICPA 2014
CAPACITY COMPETENCY CREDIBILITY
Strategy Process Management Business Relations Project Management
Influence Negotiation Communication Collaboration & Partnering
Team Building Coaching & Mentoring Driving Performance Change Management Motivating and inspiring
Financial Accounting Cost Accounting Business Planning Management reporting Tax strategy, planning
American Institute of CPAs®
The AICPA Proposal: Joining forces to protect, promote and grow an evolving accounting profession
American Institute of CPAs®
Next step in the journey
Maintain the two membership bodies – AICPA and CIMA –while integrating their strategies, management and operations
Deliver better and more relevant resources for members
Strengthen advocacy, speaking with the power of more than 600,000 professionals worldwide on critical issues important to you
Recognize and support public and management accounting as critical components of the end-to-end accounting profession
Elevate awareness of the CPA and CGMA and the opportunities they unlock
Requires a membership vote from both AICPA and CIMA
Evolve the existing joint venture into an association that is the voice of professional accounting worldwide.
Those who build great companies understand that the ul8mate throZle on growth for any great company is not markets, or technology, or compe88on, or products. It is one thing above all others: the ability to get and keep enough of the right people. -‐ Jim Collins
War for Talent MACPA Pipeline Ini8a8ves
BLI & Future of Learning
1. Social Learning.2. Mobile / nano3. Cloud-based 4. Collaborative.5. Competency-based learning
92% of CPAs are!NOT
Future Ready!!Future Ready is the
capacity to be aware, predictive, and adaptive of emerging challenges, tech innovations, and trends and
changes in business, population, and social
environment.!
Source: CPA.COM 2014 CPA of the Future Study!
'If the rate of change on the outside exceeds the rate of change on the inside, the end is near.’ – Jack Welch
ANTICIPATION Strategic Thinking External Awareness
Vision Con8nuous Learning
Innova8on Crea8vity
Problem Solving Priori8za8on
Business AcumenDecisiveness Influencng/Persuading Emo8onal Intelligence Consensus Building
Collabora8on Inspira8on
Risk Management
An8cipatory Organiza8on: Accoun8ng/Finance Edi8on www.blionline.org/ao
Three Hard Trends: 1. Government Regula8on 2. Technology 3. Demographics
The Top 6 Ways to Create Capacity in your Organization
• Maximize software & tools you have• Use the latest and most efficient technologies• Workflow & Process Efficiency• Focus on your best ‘A’ clients• Communicate your services (cross-sell)• Engage your people
Maryland Public Company Collaboration Top Four Issues
1. Learning & Talent Development 2. Global Structure of Finance
Function 3. Managing Risk & Innovation 4. Insight to Action*
* This started our journey to research the competencies needed for accounting and finance professionals to provide “insight to action” and shift from reactive to proactive.
ANTICIPATION Strategic Thinking External Awareness Vision Con8nuous Learning Innova8on Crea8vity Problem Solving Priori8za8on Business Acumen Decisiveness Influencing/Persuading Emo8onal Intelligence Consensus Building Collabora8on Inspira8on Risk Management
An8cipatory Organiza8on: Finance / Accoun8ng Edi8on
CGMA Competency Framework
Integrity Competence Lifelong learning Objec8vity Commitment to excellence
Protect the Core
CPAs…Making sense of a changing and complex world
V A L U E
Adding Insight for Action
Information
Wisdom
Knowledge
Data
Compliance
Reliance
Source: CGMA & DIKW Pyramid
V A L U E
Tom Hood, CPA, CITP, CGMA
• CPA Practice Adviser Accounting Hall of Fame
• Named the Second Most Influential in Accounting by Accounting Today Magazine 2015, 2013
• Top 150 Influencer by Linked-In • Top 25 Influencers in Learning & HR by HR
Examiner • Top 25 Public Accounting Thought Leaders
by CPA Practice Adviser • Working on Learning Management with
AICPA/CPA2Biz, Cloud Curriculum, Performance Management /XBRL, Leadership & Generations
CEO Maryland Association of CPAs (MACPA) www.macpa.org Business Learning Institute (BLI) www.blionline.org
http://www.linkedin.com/in/tomhood/
Hood's greatest aGribute isn't that he consistently glimpses the future more quickly than the rest of us (though he does). It's that he's able to bring it back to the present and serve as its 0reless, inspiring and effec0ve champion. – Accounting Today
top related