FIRMinMOTION

The AICPA Private Companies Practice Section (PCPS) has developed the Firm inMotion e-Toolkit to help firms:

Stay on top of new and emerging trends

Embrace generational differences

Continue to meet client needs and expectations

WHY Dashboard: Firm Structure & Strategy

Adaption — Address changes in the marketplace, economy, business and regulations; immerse ourselves in domestic and international trends

Diagnostic Report

What Are the Generations Thinking?

Traditionalists and Baby Boomers:

“ I keep hearing that what made firms successful in the past is not necessarily what will be needed to advance in the future. What do we need to start doing differently?”

“What are the benefits of offering remote work options and flexibility? How can I trust my people will still get the work done?”

“Up and comers expect to move through the ranks quickly, but don’t exhibit the attributes it takes to run a business. Why do we work so differently?”

Full Speed Ahead — Transition to a New Era Firm

The Firm inMotion e-Toolkit firm structure & strategy component

Focuses on transitioning from a traditional firm model to a future model

Assists in identifying areas of a firm’s strategy and structure that need modernized

Moves firms toward greater transparency for effective succession and more engaged staff

Outlines benefits of virtual work arrangement and alternative pricing structures

Enhances working relationships through generational assessments and education and

employee feedback

Generation X and Millennials:

“I feel like my firm’s business model is stuck in the past. How can I encourage leadership to embrace change

and consider new ideas?”

“I want to work anywhere, anytime, with less focus on billable hours and more focus on productivity. How can I encourage leadership to adapt to this changing work environment?”

“I can see myself becoming a partner in my firm. What does it take to get there? What are the economics of the firm and how do they tie to the firm’s goals?”

How Do We Embrace the Future? Expanding upon the CPA Horizons 2025 Report, which discussed the forecasted trends that CPAs believe will affect the profession in the years to come, this toolkit goes beyond that analysis to provide the “how” — how firms can make the transition to being a high-performing firm of the future. This toolkit provides customizable, practical tools to help firms move in this direction and remain aligned with the vision provided in the Horizons 2025 Report.

Solutions That Bridge the Gap

Strategy Refinement Tools

Transition Checklist & Continuum to assess the firm’s current culture, talent and clients and determine steps and tools needed to transition into the future

Virtual Work Arrangements PowerPoint to assist firm owners in understanding and assessing new and different work arrangement options

Transition to Value Pricing Assessment to assist firm owners who are considering moving toward value pricing

What’s in it for the firm?

Enables leadership to share information on firm operations with staff to ensure effective succession

Facilitates discussion about the future of the firm and what options are available to help the firm move toward a future firm model

Enhances working relationships in the firm and with clients by understanding the views and aspirations of each generation

Transparency for Effective Succession Tools

Moving Toward Greater Transparency PowerPoint for leadership to customize and discuss firm economics with up and comers

Generational Competence Tools

Generational Assessment & Approach Tool to understand the generational breakdown of the firm and create an approach to address areas in which the firm needs assistance

Employee Engagement Survey to gauge employees’ responses in six dimensions of employee engagement

Multi-generational Workforce PowerPoint to educate staff and/or firm leadership on the different preferences of each generation

What’s in it for the staff?

Offers a clear understanding of what it takes to advance in their career and the day-to-day operations of a firm

Gives staff the opportunity to be engaged and see the direction in which the firm is heading and what the future holds

Promotes alternative work arrangements and pricing structures that adapt to changing needs

© 2015 American Institute of CPAs. All rights reserved. 15571-830

FIRM SIZE USEFULNESS: ........ SOLO

.... ..... SMALL

.... MEDIUM

... LARGE