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MACPA PIU 2012 student edition - Loyola University


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What does the future hold for accounting students? Why chose a career as a CPA? Should you belong to professional associations? Tom Hood, CEO of the MACPA share his thoughts on the future of the CPA Profession, career opportunities and how professional associations can help protect the CPA career and position you to thrive in this dynamic rapidly changing world/

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MACPA PIU 2012 student edition - Loyola University

  1. MACPA Professional Issues Update 2012 Student Edition Tom Hood, CPA, CITP, CGMA Loyola University April 12, 2012
  2. The Future
  3. The “New Normal”
  5. What CPAs think about the future 30 Future Forums 1,000 CPAs Identified these top trends
  7. In 1997, the CPA profession crowd-sourced its future with over 3,500 CPAs in the CPA Vision Project That was re-validated in 2011 by 8,000+ CPAs Our core purpose, our reason for being is CPAs... Making sense of a changing and complex Here is what they said… world.
  8. The DNA of the CPA Values & Competencies• Leadership• Communication• Strategic Thinking• Collaboration & Synthesis• Technologically Savvy
  9. Our Vision Statement for the future is: ( mandates to ourselves for a successful future) CPAs are the trusted professionals who enable people and organizations to shape their future.Combining insight with integrity, CPAs deliver value by: • Communicating the total picture with clarity and objectivity, • Translating complex information into critical knowledge, • Anticipating and creating opportunities, and • Designing pathways that transform vision into reality.
  10. The 10 The CPA Brand
  11. 11
  12. MANAGING THE SEA CHANGE • Change • Complexity • Compliance • Convergence • Competition
  13. 13Why MACPA?
  14. 14Connect – Connecting you to your Profession
  15. Students CPA CPAs 15 Candidates Connecting the pipeline of CPAs
  16. 16Protect – Protecting the CPALicense & Public Interest since
  17. Private Company Standards
  18. Results – Legislature 2012
  19. 20Achieve – Achieving Success as a CPA
  20. It really is about this...
  21. According to these young professionals, thefuture is one in which CPAs:● are proactive, flexible, adaptive andcollaborative by nature;● have regained the trust of their clients andthe public at large;● have successfully bridged the profession’s“leadership gap” by focusing on successionplanning, personal growth, and generationalcooperation;● have created the profession’s premierglobal industry standards and best practices;● have redefined the profession throughwork / life integration, collaboration, and ateam-first approach; and● have earned a reputation as technologicalinnovators. 22Wisdom from the MACPA LeadershipAcademy
  22. Achieve – Find Your Edge
  23. MANAGING THE SEA CHANGE Be the Captain of your own ship!• Continuous Learning• Competency• Collaboration=Career Success
  24. A leader’sjob is to setcontext andprovidehope andinspiration... 25
  25. Tom Hood, CPA.CITP CEO Maryland Association of CPAs Business Learning Institute (443) 632-2301 E-mail Web http://www.macpa.orgBlog