Leading in the Age of Transformation is the theme of the Colorado Society of CPAs Leadership Council. This is the professional issues update to provide context from future trends and issues facing the CPA Profession.
For more information about that meeting contact Mary Medley, CEO of the COCPAs
Future of CPAs, CFOs and Accounting - COCPA Leadership Council
1. Tom Hood, CPA, CITP, CGMA
CEO
MACPA & the Business Learning Institute
Professional Issues Update and The
Future of CPAs
Prepared for:
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, CGMA
CEO
MACPA
Business Learning Institute (BLI)
hQp://www.linkedin.com/in/tomhood
6/12/13
T
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.
6/12/13
T
5. Respond to a Poll
Ask a Question
Vote up a Question
hQp://macpa.cnf.io
6/12/13
T
6. Insights
to
Ac2on
“One
without
the
other
is
either
useless
or
destruc2ve”
T
7. Source:
WTF
What’s
the
Future
of
Business
by
Brian
Solis
What
I
have
been
thinking
about
T
28. Accoun&ng
bodies
hail
G20
emphasis
on
public
sector
repor&ng
DATA
Act
&
Financial
Industry
Transparency
Act
using
XBRL
6/12/13
T
29. 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
6/12/13
T
32. The Evolution
of a Practice
A Necessary Evil
A Viable Practice
A High-Growth Practice
A High-Value Practice
Digitization
Virtualization
Transformation
CLOUD
33. "For Gen Y, training and development is the most highly valued employee
benefit. The number choosing training and development as their first choice of
benefit is THREE times higher than those who chose cash bonuses."
43. #CFOsSaveTheWorld
Through collaboration, our
CFO community manages
financial accountability,
compliance, and risk
across HHS by maximizing
resources to drive results.
T
44. T
You can’t stop the waves but you can learn how to surf.
– Jon Kabbat-Zin
45. #Vision&Strategy
“If you don’t have a vision for
your firm or yourself, you’ll
just get sucked into
somebody else’s vision”
– adapted from Watts Wacker, Futurist
6/12/13
T
47. CGMA
–
CIMA
The
global
value-‐added
financial
professional
T
48. CPAs
are
trusted
advisors
who,
combining
insight
with
integrity
deliver
value
by:
T
CommunicaHng
the
total
picture
with
clarity
and
objec2vity
TranslaHng
complex
informa2on
into
cri2cal
knowledge
AnHcipaHng
and
crea2ng
opportuni2es
Turning
insights
into
acHon
to
transform
vision
into
reality
54. “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
6/12/13
T
55. #CC>EC
#
1
Skill
is
CollaboraHon
#
2
Skill
is
CommunicaHon
according
to
2012
IBM
Global
CEO
Study
6/12/13
T
56. #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
6/12/13
T
57. A leader s
job is to
define
context and
provide
hope and
inspiration..."
58. Tom
Hood,
CPA.CITP
CEO
Maryland
AssociaHon
of
CPAs
Business
Learning
InsHtute
(443)
632-‐2301
E-‐mail
tom@macpa.org
Web
hWp://www.macpa.org
Blog
hWp://www.cpasuccess.com
Blog
hWp://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
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hQp://www.slideshare.net/thoodcpa
ü Youtube:
hQp://www.youtube.com/thoodcpa
ü Second
Life
avatar
name:
Rocky
Maddaloni
6/12/13
T