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CPA Vision 2025 - Strategy on a Page

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Imagine a vision for the future of an entire Profession? That is what the AICPA did with the CPA Horizons 2025 Project. The Business Learning Institute designed and facilitated future forums with over ...

Imagine a vision for the future of an entire Profession? That is what the AICPA did with the CPA Horizons 2025 Project. The Business Learning Institute designed and facilitated future forums with over 1,000 grassroots CPAs that was combined with an e-survey that captured close to 75,000 comments form CPAs about the future. This one-page format was designed to communicate the Vision, Values, Competencies, Career Path and trends and issues from the CPA Horizons 2025 Project.

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Contact BLI for information on strategic planning, creating a curriculum for your firm based on the competencies for the future and more info@bizlearning.net

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    CPA Vision 2025 - Strategy on a Page CPA Vision 2025 - Strategy on a Page Presentation Transcript

    • VISION STATEMENT:Where we’re goingCPAs are the trusted professionals who enable people and orga-nizations to shape their future. Combining insight withintegrity, CPAs deliver value by:• Communicating the total picture with clarity and objectivity,• Translating complex information into critical knowledge,• Anticipating and creating opportunities, and• Turning insights into action to transform vision into reality.CORE PURPOSE:Why we existCPAs … making senseof a changing andcomplex world.CPA VISION 2025CORE VALUES:What we stand forEXCELLENCE: CPAs are committed to excellence and strive to deliver the highest quality services.Integrity AND protecting the public interest: CPAs conduct themselves with integrity and honesty,holding themselves to rigorous standards of professional ethics.OBJECTIVITY: CPAs maintain impartiality and intellectual honesty by remaining free of personalbias and conflicts of interest.LIFELONG LEARNING: CPAs highly value continuous learning and know that L>C (the rate oflearning must be greater than the rate of change).COMPETENCE: CPAs are experts in the language of business and demonstrate superior technicalproficiency by performing with a high level of expertise and knowledge.Core CompetenciesOUR STRATEGY: HOW WE ARE GOING TO GET THEREProduced by the MarylandAssociation of CPAs and theBusiness Learning Institute.M A R Y L A N DE D I T I O NPRINCIPAL / DIRECTOR /CEO / CFOTechnical ProficienciesLeadershipProficienciesSTAFF / ANALYSTSENIOR STAFFMANAGERSENIOR MANAGER /CONTROLLERDecision makingby specification,task specific work1st level supervisionon establishedguidelines &standards1st level of strategicthought & focus onboundary spanningactivitiesAssess & understandlonger-term variables& accomplishingfuture goalsLeading and/ordeveloping new practiceareas, strategic alliances& talentThe critical turningpoint happens at aLeadership AcademyLEADERSHIP: COMMUNICATIONS: STRATEGIC THIINKING: COLLABORATION &SYNTHESIS:TECHNOLOGICALLYSAVVY:The ability todevelop andshare insightsand the aptitudeto mobilizeand inspireothers to action.Leadership isabout findingpossibilitiesand developingpeople, utilizingtheir strengths,and shaping thefuture.Able to giveand exchangeinformationwith meaningfulcontext andwith appropriatedelivery andinterpersonalskills. The abilityto make thinkingvisible to othersin a way they caneasily grasp.A future-mindedand flexiblemindset thatthinks criticallyand creatively.The abilityto link data,knowledge andinsights togetherto providequality advicefor strategicdecision-making.Effective atengagingothers andworking acrossboundariesto turnchallenges intoopportunities.The ability toconsider thewhole picture(past, present,and future)and createalternatives andoptions for thefuture.Anticipating techchanges and howthey can benefitothers. Adeptat standardizingdata fortransparency,efficientexchange, andvisualization withtools like XBRL.
    • INSIGHT: TOP TRENDS TO WATCHWhat CPAs have said about the future:Tom Hood, CPA, CITP, CGMACEO, Business Learning InstituteIn a period of rapid change and increasingcomplexity, the winners are going to be the peoplewho can LEARN faster than the rate of CHANGEand faster than their COMPETITION.blionline.org/I2AStrategicPlanningblionline.org/thebounce““L C2>1) Changing demographics - Aging workforce, diversity, 4 generations in the workplace2) Increased globalization, economic shifts and increasing competition3) The technological revolution - cloud, social, big data & XBRL4) Issues around information security, privacy & data integrity5) Shift to consumer and employee power (from push to pull)6) Changes in the way we communicate - mobile, text, skype7) Work-life challenges or conflict - “do more with less”, 24/7 work8) Information Overload - filter failure9) Increasing complexity of rules and standards (IFRS, GAAP, PCAOB, SEC)10) Economic uncertainty - deficit, debt and pressure on government