Tom Hood, CPA, CITP, CGMA	CEO	MACPA & the Business Learning Institute	The Future of CPAs,Accounting  andFinancial Professi...
Tom	  Hood	  CEO	  of	  MACPA	  &	  BLI	  •  Named	  Fourth	  Most	  Influen2al	  Person	  by	  Accoun2ng	  Today	  •  Top	...
www.SlideShare.net/thoodcpa	  @tomhood	  @MACPA	  Download	  today’s	  slides	  at	  …	  6/6/13	   T	  
hQp://macpa.cnf.io	  Ask	  and	  answer	  ques2ons	  throughout	  the	  day	  here…	  Conferences.io	  was	  used	  to	  e...
Respond to a Poll	Ask a Question	Vote up a Question	hQp://macpa.cnf.io	  6/6/13	   T	  
Insights	  to	  Ac2on	  	  “One	  without	  the	  other	  is	  either	  useless	  or	  destruc2ve”	  6/6/13	   T	  
Source:	  WTF	  What’s	  the	  Future	  of	  Business	  by	  Brian	  Solis	  What	  I	  have	  been	  thinking	  about	  6...
GASB	  Whitepaper	  hQp://cpa.tc/2gx	  	  6/6/13	   T	  
Business	  Not	  for	  Profits	  NGOs	  Government	  Different	  Worlds?	  6/6/13	   T	  
http://www.burrus.com	Inattentional blindness
The	  new	  “Big	  Four”	  +	  1	  +	  3	  • Economy	  • Globaliza2on	  • Workforce	  • Technology	  +	  Health	  Care	  6...
6/6/13	   T	  
6/6/13	   T	  
• Change• Complexity• Compliance• Convergence• CompetitionMANAGING THE “SEA” CHANGE6/6/13	   T	  
Compliance	  -­‐	  Standards	  •  Interna2onal	  –	  IASB	  &	  IFRS	  •  FASB	  &	  PCC	  •  AICPA	  &	  FRF	  –	  SME	  ...
Health	  Care	  is	  major	  issue	  Source:	  Thomson-­‐Reuters	  	  6/6/13	   T	  
And	  opportunity	  6/6/13	   T	  
XBRL	  FASB	  Industry	  Taxonomy	  Project	  •  Develop	  industry	  specific	  taxonomies	  •  BeQer	  suited	  for	  eac...
Accoun&ng	  bodies	  hail	  G20	  emphasis	  on	  public	  sector	  repor&ng	  	  DATA	  Act	  &	  Financial	  Industry	  ...
#SocialAccoun2ng	  6/6/13	   T	  
@hhsgov	  @hhsdigital	  @healthdatagov	  @CDCGov	  @CMSGov	  @NIHforHealth	  @HIMSS	  @HITNewsTweet	  6/6/13	   T	  
Workforce	  #4Genera2ons	  6/6/13	   T	  
Workforce	  #TalentWar	  6/6/13	   T	  
Business	  Not	  for	  Profits	  NGOs	  Government	  Different	  Worlds?	  6/6/13	   T	  
6/6/13	   T	  
#IIRC	  hQp://www.theiirc.org	  6/6/13	   T	  
IIRC	  Value	  Crea2on	  Process	  6/6/13	   T	  
CGMA	  &	  COSO	  Balancing	  Risk	  &	  Innova2on	  hQp://cpa.tc/2qf	   hQp://www.coso.org	  6/6/13	   T	  
Source:	  DeloiQe	  CFO	  Signals™	  survey,	  fourth	  quarter	  2012	  6/6/13	   T	  
Business	  Not	  for	  Profits	  NGOs	  Government	  When	  Worlds	  Collide	  6/6/13	   T	  
HHS	  Strategic	  Plan	  1.  Strengthen	  Health	  Care	  2.  Advance	  Scien2fic	  Knowledge	  and	  Innova2on	  3.  Advan...
#CFOsSaveTheWorld	  Through collaboration, ourCFO community managesfinancial accountability,compliance, and riskacross HHS ...
CGMA – CIMAThe global value-added financial professional6/6/13 T
KSAs	  hQp://www.BLIonline.org	  	   6/6/13	   T	  
hQp://cpa.tc/2qh	  	  6/6/13	   T	  
Technology	  &	  the	  Caveman	  6/6/13	   T	  
“In	  a	  period	  of	  rapid	  change	  and	  increasing	  complexity,	  the	  winners	  are	  going	  to	  be	  the	  pe...
#CC>EC	  #	  1	  Skill	  is	  CollaboraEon	  #	  2	  Skill	  is	  CommunicaEon	  according	  to	  2012	  IBM	  Global	  CE...
#Ar2st&CPA	  •  Lots	  of	  ways	  to	  mess	  up!	  •  Heat	  is	  needed	  to	  shape	  the	  glass	  •  Long	  setup	  ...
A leader sjob is todefinecontext andprovidehope andinspiration..."
Tom	  Hood,	  CPA.CITP	  CEO	  Maryland	  AssociaEon	  of	  CPAs	  Business	  Learning	  InsEtute	  (443)	  632-­‐2301	  E...
The Future of CPA Profession, CFOs and Accounting - HHS Edition
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The Future of CPA Profession, CFOs and Accounting - HHS Edition

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Entertaining and informative coverage of the major issues happening in the accounting world today. This special update, tailored for government and NFP CPAs and financial professionals will feature a conversation about the ‘new normal’—what it is and what it means. Tom Hood, recently named as one of the fourth most influential person in the Top 100 Most Influential People in the CPA Profession, will cover the four mega—trends facing the accounting and finance professions—the economy, globalization, workforce, and technology. He then drills down into the value-added finance role and the critical trends in transparency, accountability and performance management, including developments in cloud and XBRL. Tom finishes with tips and techniques to help you keep up with these rapid changes and use them to enhance your leadership and collaboration skills.

For more information on curriculum, content and courses to support the new skills for the future see our Business Learning Institute http://www.blionline.org

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The Future of CPA Profession, CFOs and Accounting - HHS Edition

  1. 1. Tom Hood, CPA, CITP, CGMA CEO MACPA & the Business Learning Institute The Future of CPAs,Accounting  andFinancial Professionals in 50 Minutes –US HHS edition Collaborating Across HHS for Accountability,Transparency, and Data Quality” Prepared for:
  2. 2. Tom  Hood  CEO  of  MACPA  &  BLI  •  Named  Fourth  Most  Influen2al  Person  by  Accoun2ng  Today  •  Top  25  Influencers  in  Learning  &  HR  by  HR  Examiner  •  Top  25  Public  Accoun2ng  Thought  Leaders  by  CPA  Prac2ce  Adviser  •  Working  on    Learning  Management  with  AICPA/CPA2Biz,    Cloud  Curriculum,  Performance  Management  /XBRL,  Leadership  &  Genera2ons  Tom Hood, CPA, CITP, CGMACEOMACPABusiness Learning Institute (BLI)hQp://www.linkedin.com/in/tomhood  6/6/13   T  
  3. 3. www.SlideShare.net/thoodcpa  @tomhood  @MACPA  Download  today’s  slides  at  …  6/6/13   T  
  4. 4. hQp://macpa.cnf.io  Ask  and  answer  ques2ons  throughout  the  day  here…  Conferences.io  was  used  to  engage  our  members  and  encourage  open  Q&A  and  feedback  with  this  exci2ng  new  technology  we  will  begin  incorpora2ng  into  strategic  planning  and  CPE  courses  for  engagement  and  collabora2on.  6/6/13   T  
  5. 5. Respond to a Poll Ask a Question Vote up a Question hQp://macpa.cnf.io  6/6/13   T  
  6. 6. Insights  to  Ac2on    “One  without  the  other  is  either  useless  or  destruc2ve”  6/6/13   T  
  7. 7. Source:  WTF  What’s  the  Future  of  Business  by  Brian  Solis  What  I  have  been  thinking  about  6/6/13   T  
  8. 8. GASB  Whitepaper  hQp://cpa.tc/2gx    6/6/13   T  
  9. 9. Business  Not  for  Profits  NGOs  Government  Different  Worlds?  6/6/13   T  
  10. 10. http://www.burrus.com Inattentional blindness
  11. 11. The  new  “Big  Four”  +  1  +  3  • Economy  • Globaliza2on  • Workforce  • Technology  +  Health  Care  6/6/13   T  
  12. 12. 6/6/13   T  
  13. 13. 6/6/13   T  
  14. 14. • Change• Complexity• Compliance• Convergence• CompetitionMANAGING THE “SEA” CHANGE6/6/13   T  
  15. 15. Compliance  -­‐  Standards  •  Interna2onal  –  IASB  &  IFRS  •  FASB  &  PCC  •  AICPA  &  FRF  –  SME  •  ASB  –  Clarity  (12/15)  •  GASB  Pension  •  PEEC  •  COSO  •  IIRC  hQp://cpa.tc/1us  6/6/13   T  
  16. 16. Health  Care  is  major  issue  Source:  Thomson-­‐Reuters    6/6/13   T  
  17. 17. And  opportunity  6/6/13   T  
  18. 18. XBRL  FASB  Industry  Taxonomy  Project  •  Develop  industry  specific  taxonomies  •  BeQer  suited  for  each  industry  •  Industries  par2cipa2ng  include:  •  Insurance  •  Banking  •  Brokers  and  Dealers  •  Real  Estate  •  NFPs  •  GASB?  •  Form  990  6/6/13   T  
  19. 19. Accoun&ng  bodies  hail  G20  emphasis  on  public  sector  repor&ng    DATA  Act  &  Financial  Industry  Transparency  Act  using  XBRL  6/6/13   T  
  20. 20. #SocialAccoun2ng  6/6/13   T  
  21. 21. @hhsgov  @hhsdigital  @healthdatagov  @CDCGov  @CMSGov  @NIHforHealth  @HIMSS  @HITNewsTweet  6/6/13   T  
  22. 22. Workforce  #4Genera2ons  6/6/13   T  
  23. 23. Workforce  #TalentWar  6/6/13   T  
  24. 24. Business  Not  for  Profits  NGOs  Government  Different  Worlds?  6/6/13   T  
  25. 25. 6/6/13   T  
  26. 26. #IIRC  hQp://www.theiirc.org  6/6/13   T  
  27. 27. IIRC  Value  Crea2on  Process  6/6/13   T  
  28. 28. CGMA  &  COSO  Balancing  Risk  &  Innova2on  hQp://cpa.tc/2qf   hQp://www.coso.org  6/6/13   T  
  29. 29. Source:  DeloiQe  CFO  Signals™  survey,  fourth  quarter  2012  6/6/13   T  
  30. 30. Business  Not  for  Profits  NGOs  Government  When  Worlds  Collide  6/6/13   T  
  31. 31. HHS  Strategic  Plan  1.  Strengthen  Health  Care  2.  Advance  Scien2fic  Knowledge  and  Innova2on  3.  Advance  the  Health,  Safety,  and  Well  Being  of  the  American  People  4.  Increase  Efficiency,  Transparency,  and  Accountability  of  HHS  Programs  5.  Strengthen  the  Na2ons  Health  and  Human  Services  Infrastructure  and  Workforce  6/6/13   T  
  32. 32. #CFOsSaveTheWorld  Through collaboration, ourCFO community managesfinancial accountability,compliance, and riskacross HHS by maximizingresources to drive results.  6/6/13   T  
  33. 33. CGMA – CIMAThe global value-added financial professional6/6/13 T
  34. 34. KSAs  hQp://www.BLIonline.org     6/6/13   T  
  35. 35. hQp://cpa.tc/2qh    6/6/13   T  
  36. 36. #AdaptorDie  #BendAdop2onCurve  • Technology  &  Caveman  • CC  >  EC  • L  >  C  • CPA  as  Ar2st  6/6/13   T  
  37. 37. Technology  &  the  Caveman  6/6/13   T  
  38. 38. “In  a  period  of  rapid  change  and  increasing  complexity,  the  winners  are  going  to  be  the  people  who  can  LEARN  faster  than  the  rate  of  CHANGE  and  faster  than  their  COMPETITION.”  -­‐  Tom  Hood,  CPA.CITP.CGMA  6/6/13   T  
  39. 39. #CC>EC  #  1  Skill  is  CollaboraEon  #  2  Skill  is  CommunicaEon  according  to  2012  IBM  Global  CEO  Study  6/6/13   T  
  40. 40. #Ar2st&CPA  •  Lots  of  ways  to  mess  up!  •  Heat  is  needed  to  shape  the  glass  •  Long  setup  2me  for  quick  finish  •  Try,  learn  and  adjust      -­‐Tim  McFadden  6/6/13   T  
  41. 41. A leader sjob is todefinecontext andprovidehope andinspiration..."
  42. 42. Tom  Hood,  CPA.CITP  CEO  Maryland  AssociaEon  of  CPAs  Business  Learning  InsEtute  (443)  632-­‐2301  E-­‐mail  tom@macpa.org  Web  hUp://www.macpa.org  Blog  hUp://www.cpasuccess.com  Blog  hUp://www.bizlearningblog.com      Follow  me  on:  ü   TwiQer:  hQp://www.TwiQer.com/tomhood  ü   LinkedIn:  hQp://www.linkedin.com/in/tomhood  ü   Facebook:  hQp://www.facebook.com/thoodcpa  ü Google  +:  hQps://plus.google.com/104372556333854919205  ü Slideshare:  hQp://www.slideshare.net/thoodcpa  ü Youtube:  hQp://www.youtube.com/thoodcpa  ü Second  Life  avatar  name:  Rocky  Maddaloni  6/6/13   T  

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