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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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Tom Hood, CPA, CITP, CGMA CEO
MACPA & the Business Learning Institute
The Future of CPAs, Accounting and Financial Professionals in 50 Minutes –
US HHS edition
Collaborating Across HHS for Accountability, Transparency, and Data Quality”
Prepared for:
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 6/6/13 T
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 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.
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Respond to a Poll
Ask a Question Vote up a Question
hQp://macpa.cnf.io
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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
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GASB Whitepaper
hQp://cpa.tc/2gx
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Business Not for Profits NGOs
Government
Different Worlds?
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http://www.burrus.com
Inattentional blindness
The new “Big Four” + 1 + 3
• Economy • Globaliza2on • Workforce • Technology + Health Care
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• Change • Complexity • Compliance • Convergence • Competition
MANAGING THE “SEA” CHANGE
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Compliance -‐ Standards • Interna2onal –
IASB & IFRS • FASB & PCC • AICPA & FRF – SME • ASB – Clarity
(12/15) • GASB Pension • PEEC • COSO • IIRC hQp://cpa.tc/1us
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Health Care is major issue
Source: Thomson-‐Reuters 6/6/13 T
And opportunity
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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
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Accoun&ng bodies hail G20 emphasis on public sector repor&ng
DATA Act & Financial Industry Transparency Act using XBRL
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#SocialAccoun2ng
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@hhsgov @hhsdigital @healthdatagov @CDCGov @CMSGov @NIHforHealth @HIMSS @HITNewsTweet
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Workforce #4Genera2ons
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Workforce #TalentWar
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Business Not for Profits NGOs
Government
Different Worlds?
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#IIRC
hQp://www.theiirc.org
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IIRC Value Crea2on Process
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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
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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 Na2on's Health and Human Services Infrastructure and Workforce
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#CFOsSaveTheWorld
Through collaboration, our CFO community manages financial accountability, compliance, and risk across HHS by maximizing resources to drive results.
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CGMA – CIMA The global value-added financial professional
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KSAs
hQp://www.BLIonline.org 6/6/13 T
hQp://cpa.tc/2qh
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#AdaptorDie #BendAdop2onCurve
• Technology & Caveman • CC > EC • L > C • CPA as Ar2st
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Technology & the Caveman
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“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
#CC>EC # 1 Skill is CollaboraEon # 2 Skill is CommunicaEon according to 2012 IBM Global CEO Study
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#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
A leader’s job is to define context and provide hope and inspiration..."
Tom Hood, CPA.CITP CEO Maryland AssociaEon of CPAs Business Learning InsEtute (443) 632-‐2301 E-‐mail [email protected] 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
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