FICPA Mega CPE Conference - Professional Issues Update  - Technology & Learning
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FICPA Mega CPE Conference - Professional Issues Update - Technology & Learning






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    FICPA Mega CPE Conference - Professional Issues Update  - Technology & Learning FICPA Mega CPE Conference - Professional Issues Update - Technology & Learning Presentation Transcript

    • Professional Issues Update: How technology affects the future of learning for CPAs Tom Hood, CPA, CITP, CGMA June 12, 2014
    • If there is a conversation about the future of the profession, you're bound to hear Hood's name mentioned as one of the people leading the way. – Accounting Today Tom Hood, CPA, CITP, CGMA ! Named the Second Most Influential in Accounting by Accounting Today Magazine 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) Business Learning Institute (BLI)
    • The future of accounting is bright – accounting students from six Maryland universities at MACPA – NABA event
    • Expects a 13% growth rate in accounting and auditing jobs from 2012 to 2022
    • # 3 2014
    • CPA credential in high demand! Source: Wall Street Journal, 8/13/13 Employers: Most desired credential Solid salary growth Entry-level demand also strong Robert Half 2014 Salary Guide
    • The CPA Brand The
    • Anticipation is showing up across our Profession CFO  Roundtable,  Gov’t  CPAs  &  Biz  &  Ind   Roundtable  
    • We  are  in  a  race…!
    • Caused by this guy…!
    • It’s really a math problem…! 2006!
    • The Shift Change 1.  Leadership! 2.  Learning! 3.  Technology! 4.  Generations! 5.  Workplace!
    • The challenge & opportunity is to make the shift from the first curve to the second curve at the right time and with the right strategy
    • "We live in a transformational time. In the next five years, guaranteed, we're going to transform – not change, but transform – how we sell, how we market, how we communicate, collaborate, innovate, train, educate.” – Dan Burrus
    • Top Five Issues Facing CPA firms Source:AICPA PCPS
    • Top Five Issues Facing CPA firms Source:AICPA PCPS
    • 1.  Doing more with less 2.  Keeping pace with Health Care Reform PPACA 3.  Uncertainty – Economic, Political, Regulatory 4.  Competition and Cash Flow 5.  Succession and talent development Top Five Issues Facing CFOs
    • Cambrian “Big Bang” Explosion
    • "One out of five organizations has discovered a secret source of competitive differentiation. It allows them to serve customers in new ways and reimagine their business models. It can help surface valuable insights from their data and transform how they make decisions. It enables them to tap expertise from across their entire ecosystem.And one more thing: It helps these Pacesetters grow revenue and gross profit faster than other organizations.What’s their secret? It’s cloud computing -– their engine for growth." Source: IBM Report – Under Cloud Cover – How Leaders are Accelerating Competitive Differentiation
    • How can we escape the “pull of the past”? From: Systems of Record To: Systems of Engagement
    • The Two T’s – Technology & Talent What would Rita say? Rita McGrath, Columbia Business School! Author – End of Competitive Advantage! “How  would  you  think  differently  about  your  strategy  if   you  knew  your  advantage  might  not  last?”  
    • Now what: The New Strategy Playbook •  Continuous Reconfiguration •  Healthy Disengagement •  Deft Resource Allocation •  Innovation Proficiency •  Discovery Driven Mindset •  Entrepreneurial Career Management Rita McGrath
    • WTF? What’s the Future of Learning •  Innovate & Experiment •  Ignite a Passion for Learning •  Make Learning Personal •  Measure What Matters
    • theBounce
    • • Identify Competencies • Career Path (Ladder) • Curriculum • Cloud Learning Our approach –The Four C’s The right talent with the right skills at the right time
    • For Individuals - CloudLearning “Use the tools, don’t let the tools use you.” – Francine McKenna @retheauditors •  Twitter •  Linked-In •  Blog • •  Evernote • • •
    • For Firms/Orgs CloudLearning "We see this system as a key recruitment and retention tool, allowing us to offer our people many of the things that the largest firms do - competency–based curriculum, career paths, and just-in-time learning, and our own custom D&S learning center. " " " "! "- Allen DeLeon, Managing Partner!
    • For more information contact
    • Think Big! Think New! Think Fast!
    • Tom  Hood,  CPA.CITP   CEO   Maryland  Associa8on  of  CPAs   Business  Learning  Ins8tute   (443)  632-­‐2301   E-­‐mail   Web  hNp://   Blog  hNp://   Blog   hNp://       Follow  me  on:   ü   TwiMer:  hMp://   ü   LinkedIn:  hMp://   ü   Facebook:  hMp://   ü Slideshare:  hMp://   ü Youtube:  hMp://