Accelerate Growth, Innovation and High Performance for CPAs, Accounting and Finance Professionals

Tom Hood, CPA, CITP, CGMA@tomhood

Talent Development & Competencies���

For���CPAs and Accounting &

Finance Professionals

Table of Contents1.  Context – Why the skills gap is getting bigger? ……….. 4-82.  What Competencies are needed ……………………..9-143.  How you can get these competencies AOAF……… 15-204.  How you can get these competencies MBA Express....21-235.  About Business Learning Institute…………………….24-25

Why?

Borrowed from the US Army War College, VUCA was coined by The Institute for the Future to describe the rapidly changing and complex business environment since the Great Recession of 2008.

Leaders need new skills in a VUCA world

•  Anticipating and reacting to the nature and speed of change.

•  Acting decisively without always having clear direction and certainty.

•  Navigating through complexity, chaos, and confusion.

•  Maintaining effectiveness despite constant surprises and a lack of predictability.

Source: Conference Board 2015 Ready-Now Leaders Report

25% are not VUCA ready

3X Performance in Top 20%

www.blionline.org

Source: CPA.COM Insight into the CPA of the Future Study 2014

92% of CPAs are NOT Future Ready

Future Ready is the capacity to be aware, predictive, and adaptive of emerging trends, challenges, tech innovations,

and changes in business, population, and social

environment.

What’s NeededThe latest research inside and outside the CPA Profession re-affirms the Top Competencies and Skills needed by Accounting and Finance Professionals

CPA Horizons 2025 (AICPA)

The CPA Horizons 2025 Report by the AICPA researched the Top Competencies needed by the CPA Profession for the future (2025) and was validated by thousands of CPAs in a grassroots electronic and in-person facilitations.

The Chartered Global Management Accounting CGMA Competency Framework was developed in 2014 by the AICPA and CIMA Joint Venture and follows the BLI ‘Bounce’ Framework.

Rearview Mirror vs Windshield Past vs Future Reactive vs Proactive

Your futureview is the future you! – Daniel Burrus

Top Skills Needed for Accounting and Finance Professionals

BLI Research in 2015 with over 1,000 responses from all segments of the CPA Profession identified these top skill needed to be successful in these rapidly changing times. This confirms and reinforces the research from the Conference Board, AICPA CPA Horizons 2025 report, Bersin, and Burrus Research..

75% covered by these Top 5

Skills

This led to our work with world renowned futurist and business advisor and best-selling author, Daniel Burrus of Burrus Research. We worked with Dan to add the context of the accounting and finance profession to his Anticipatory Organization learning system to create the Anticipatory Organization” Accounting and Finance edition .

http://www.blionline.org/ao

•  An#cipa#on  •  Strategic  Thinking  •  External  Awareness  •  Vision  •  Con#nuous  Learning  •  Innova#on  •  Crea#vity  •  Problem  Solving  •  Priori#za#on  

•  Business  Acumen  •  Decisiveness  •  Influencing/Persuading  •  Emo#onal  Intelligence  •  Consensus  Building  •  Collabora#on  •  Inspira#on  •  Risk  Management  •  Communica#on  

In November, 2015 we developed a strategic partnership with Daniel Burrus, a world-renowned global futurist and business consultant who had researched the top competencies requested in his work with many Fortune 500 companies. These aligned with own research at BLI.

An innovative learning format of short videos and rapid application tools to apply each concept to the work. Use it to create a shared language to support growth, innovation and high performance.

Mapping the AOAF learning program to the CGMA

Competency Modelshows comprehensive coverage of these skills

ANTICIPATION  Strategic  Thinking  External  Awareness  

Vision  Con#nuous  Learning  

Innova#on  Crea#vity  

Problem  Solving  Priori#za#on  

Business  Acumen  Decisiveness  

Influencing/Persuading  Emo#onal  Intelligence  Consensus  Building  

Collabora#on  Inspira#on  

Risk  Management  Communica#on  

An#cipatory  Organiza#on:  Finance  /  Accoun#ng  Edi#on  

CGMA  Competency  Framework  

AOAF recognized as 2016 Top Learning Product

"As knowledge workers and professionals whose value springs in large part from their expertise, accountants are both serious about their ongoing education, and well-positioned to capitalize on new ideas and new ways to demonstrate their competence to clients…

The point of the coursework is to teach you, literally, how to predict the future by identifying reliable trends — and it actually works. The applications for firm strategy, client service, and guiding your own career are endless.”

It also saw a push on different ways to educate the profession, including in small bites…offering to help accountants boost their careers by bringing more value to the table.

"The Anticipatory Organization Learning System helps establish a mindset, a common language and eventually a culture of 

being anticipatory for our clients. By making this anticipatory skillset a core strength of our teams, it brings creative and new ideas that make us more valuable to our clients and it creates a 

game changer for our firm.”

-Joey Havens- Executive Partner, HORNE LLP

“The Anticipatory Organization learning system provides a solid framework for transforming an organization from

being reactive to anticipatory. Learning how to anticipate disruptions and new opportunities is extremely important

now and in the years ahead.” -Anoop N. Mehta,

President Science Systems and Applications, Inc.

Mapping the MBA Express learning program to the

CGMA Competency Modelshows comprehensive coverage of these skills

•  ADDING  VALUE:  Ge1ng  the  most  by  giving  the  most  

•  BUSINESS  STRATEGY:  Thinking,  planning,  acGng,  and  leading  

•  LEADERSHIP  STRATEGY:  Taking  people  to  new  places  and  higher  ground  

•  PERFORMANCE  MANAGEMENT:  Ge1ng  to  beOer  results,  faster  

•  POWERFUL  COMMUNICATION:  Conveying  meaning  and  earning  an  audience  

 

MBAexpress  (All  modules)  CGMA  Competency  Framework  

http://www.blionline.org

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

CPA Practice Adviser Accounting Hall of Fame Named the Second Most Influential in Accounting by Accounting Today Magazine 2015 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) www.macpa.org Business Learning Institute (BLI) www.blionline.org

http://www.linkedin.com/in/tomhood/