The document is a presentation given by Tom Hood, CPA to Montgomery County Community College students on October 8, 2013 about the CPA profession and the Maryland Association of CPAs (MACPA). The presentation discusses the history and importance of CPA associations in developing standards and regulations for the accounting profession. It outlines the process for becoming a CPA including the education, exam, experience and continuing education requirements. The presentation emphasizes that CPAs provide value by enabling organizations and individuals to understand complex information and anticipate and create opportunities for the future.
6. Associations in America were seen as
unique from the foreign perspective
As soon as several of the
inhabitants of the United States
have conceived a sentiment or an
idea that they want to produce in
the world, they seek each other
out; and when they have found
each other, they unite.
From then on, they are no longer
isolated men, but a power one
sees from afar, whose actions
serve as an example; a power that
speaks, and to which one listens.
â Alexis de Tocqueville
Alexis de Tocqueville
1835
7. Where
 were
 you
 on
 January
 16th?
Â
2014 CPA day â January 15, 2014
9. Maryland played an important role in the
formation of the CPA Profession in the US
â˘âŻ Edward Cockey
â˘âŻ First President of AICPA
â˘âŻ Henry Harney
â˘âŻ concept of CPA
â˘âŻ Max Teichman
â˘âŻ founding member of MACPA
Maryland was the third state to enact CPA legislation and first
state in 1928 to restrict audits to CPAs
10. The Professionâs Associations
The Standard Setters &
Regulators
â˘âŻ The American Institute of
CPAs (AICPA)
â⯠450,000 + members
â˘âŻ CPA/SEA â State
Executives Association
â˘âŻ 50+ State CPA Societies
â˘âŻ The Maryland Association
of CPAs (MACPA)
â⯠9,000 CPAs + 3,000
students
The CPA Profession
Associations
â˘âŻ FASB
â˘âŻ GASB
â˘âŻ AICPA
â˘âŻ National Association of
State Boards of
Accountancy (NASBA)
â⯠54 Licensing jurisdictions
11. A
 profession
 has
 three
 major
Â
aOributes
Â
â˘âŻ A
 disPnct
 and
 evolving
 body
 of
 knowledge
Â
â˘âŻ A
 commitment
 to
 the
 public
 interest
 â
Â
licensed
 by
 the
 government
Â
â˘âŻ A
 code
 of
 conduct
 and
 ethics
Â
State
 of
 Maryland
Â
CPA
 License
Â
12. How
 to
 become
 a
 CerPďŹed
 Public
Â
Accountant?
Â
Â
Â
Â
Â
Â
Â
The
 four
 Eâs
 (State
 of
 Maryland
 Example)
Â
Â
1.⯠EducaPon
 â
 (150
 hours)
 Bachelorâs
 degree
 +
 30
Â
credit
 hours
Â
2.⯠ExaminaPon
 â
 Pass
 the
 Uniform
 CPA
 Exam
Â
3.⯠Ethics
 â
 Maryland
 requires
 a
 separate
 ethics
Â
course
 and
 examinaPon
Â
4.⯠Experience
 â
 1
 year
 of
 experience
 working
 with
 a
Â
CPA
Â
And
 CPE
 â
 -Ââ
 80
 hours
 of
 ConPnuing
 Professional
 EducaPon
Â
reported
 every
 two
 (2)
 years,
 including
 four
 (4)
 hours
 of
Â
ethics
 training
Â
13. 13
Business Landscape
Main Street
Owner begins to delegate
âFocus on growthâ
Bu26 Million U.S. Small Businesses
Mid-Market
Delegation: departments
âSystem thinkingâ
.6M
businesses
24 million
employees
3.2 million businesses
26 million employees
22 million businesses
27 million employees
Personal Businesses
Consumer & Business blur
0-5 Employees
14.
15. The pivot of any business is not whether
it can reach consumers, it's the reality of
whether consumers, especially
connected customers, wish to connect
with them now and over time.
The deďŹnition of creating a desirable
brand now takes on an entirely new
meaning.
To earn the attention and business of
the connected consumer, the brand,
product, or service must connect with
its consumer personallyâemotionally
and intellectually.
From Push to Pull
22. In
 1997,
 the
 CPA
 profession
 crowd-Ââsourced
 its
 future
 with
Â
over
 3,500
 CPAs
 in
 the
 CPA
 Vision
 Project
Â
That
 was
 re-Ââvalidated
 in
 2011
 by
 8,000+
 CPAs
Â
CPAs...
Making sense of
a changing and
complex world.
Our core purpose, our reason for
being is
Here is what they saidâŚ
23. The
 DNA
 of
 the
 CPA
Â
Values
Â
 Competencies
Â
â˘âŻ Leadership
Â
â˘âŻ CommunicaPon
Â
â˘âŻ Strategic
 Thinking
Â
â˘âŻ CollaboraPon
Â
 Synthesis
Â
â˘âŻ Technologically
 Savvy
Â
24. Our
 Vision
 Statement
 for
 the
 future
 is:
Â
(
 mandates
 to
 ourselves
 for
 a
 successful
 future)
Â
â˘âŻ CommunicaPng
 the
 total
Â
picture
 with
 clarity
 and
Â
objecPvity,
Â
â˘âŻ TranslaPng
 complex
Â
informaPon
 into
 criPcal
Â
knowledge,
Â
â˘âŻ AnPcipaPng
 and
 creaPng
Â
opportuniPes,
 and
Â
â˘âŻ Designing
 pathways
 that
Â
transform
 vision
 into
 reality.
Â
CPAs are the trusted professionals who enable
people and organizations to shape their future.
Combining insight with integrity, CPAs deliver value by:
25. 25
Wisdom from the MACPA Leadership
Academy
According to these young professionals, the
future is one in which CPAs:
â are proactive, flexible, adaptive and
collaborative by nature;
â have regained the trust of their clients and
the public at large;
â have successfully bridged the professionâs
âleadership gapâ by focusing on succession
planning, personal growth, and generational
cooperation;
â have created the professionâs premier
global industry standards and best practices;
â have redefined the profession through
work / life integration, collaboration, and a
team-first approach; and
â have earned a reputation as technological
innovators.
28. CPAs Inspire Confidence
Don't know
Agree
Disagree
âI would be more confident in a job done
by a CPA than if it were done by an
accountant who is not a CPAâ
âCPAs have a unique perspective that is
valuable when making business and financial
decisions, even when those decisions are not
directly related to accountingâ
BDMs
Agree
67%
Don't know
17%
Disagree
16%
Investors
Don't know
Agree
Disagree
BDMs
Agree
74%
Don't know
11%
Disagree
15%
Investors
32. Rebekah
 Brown,
 CPA
Â
Customized
 Learning
 Consultant
Â
Â
Maryland
 AssociaGon
 of
 CPAs
Â
Business
 Learning
 InsGtute
Â
(443)
 632-Ââ2320
Â
E-Ââmail
 Rebekah@macpa.org
Â
Web
 hQp://www.macpa.org
Â
Â
Â
Â
 hQp://www.blionline.org
Â
Â
Blog
 hQp://www.cpasuccess.com
Â
TwiQer
 @RJBrownCPA
Â
LinkedIn
 Rebekah
 Brown,
 CPA
Â
Â
33. Tomorrowâs CPA
The Maryland Association of CPAsâ Student Group
âď⯠Benefits â
âď⯠Discounts on certain MACPA
programs
âď⯠Connect with other students and
CPAs in the Mentor Center
âď⯠MACPA Scholarship
âď⯠Brand new Internship/Job
Database
âď⯠Discounts on many CPA Exam
review programs
35. 35
A leader s
job is to
deďŹne
context and
provide
hope and
inspiration...
36. Tom
 Hood,
 CPA.CITP
Â
CEO
Â
Maryland
 AssociaGon
 of
 CPAs
Â
Business
 Learning
 InsGtute
Â
(443)
 632-Ââ2301
Â
E-Ââmail
 tom@macpa.org
Â
Web
 hQp://www.macpa.org
Â
Blog
 hQp://www.cpasuccess.com
Â
Â