The # 1 challenge facing CPAs, Accounting and Finance Professionals is 'not enough time' who creates the equivalent of a gravitational pull of the past when it comes to changing their mindsets and thinking. How will we go from a historical perspective to a more future-focused, from rearview mirror to windshield and from being reactive to proactive?
Our latest research from the Business Learning Institute sows the critical competencies that will make a difference have not changed in the past seven years. What has changed is the gravitational pull has gotten worse as we enter what Josh Bersin calls the age of the 'overwhelmed employee'.
What we need is a new approach to learning these critical competencies. A blended approach that uses nano-learning nuggets (very short 2-3 minute single-concept videos), rapid application templates to apply each concept to the business, and a series of job aids and performance support tools to turn the learning into immediate on the job application. This is our award-winning Anticipatory Organization learning system by Burrus Research. In about one third of the time as traditional CPE, CPAs and accounting and finance professionals can learn the critical competencies of:
Anticipation; Strategic Thinking; External Awareness; Vision; Continuous Learning; Innovation ;Creativity; Problem Solving; Prioritization; Business Acumen; Decisiveness; Influencing/Persuading; Emotional Intelligence; Consensus Building; Collaboration; Inspiration; Risk Management; and Communication.
The Anticipatory Organization can support an entire cultural shift for an organization or team with the added implementation guide and collaboration tools. See more at http://www.blionline.org/ao
Our new MBA Express is another option to create or add a series of critical success skills to your technical training portfolio in on-site, on-line and on-demand learning formats. http://blionline.org/featured/8-hour-mba/
We believe we need new approaches and new tools to break the pull of the past and the inertia from 'overwhelmed employees'. These exciting new learning formats are one step in this direction.
Accounting Today Editor, Daniel Hood said this after selecting the Anticipatory Organization as a Top Product for 2016 in the Learning Category, “Everyone keeps telling accountants that they need to change their focus from the historic and the backward-looking, and to start being proactive and offering future-focused advice – but no one tells them how. The beauty of the Anticipatory Organization program is that it actually gives you a set of tools to harness the hard trends that are shaping the future, and use them to create new value for your firm and your clients.”
3. Table of Contents
1. Context – Why the skills gap is getting bigger? ……….. 4-8
2. What Competencies are needed ……………………..9-14
3. How you can get these competencies AOAF……… 15-20
4. How you can get these competencies MBA Express....21-23
5. About Business Learning Institute…………………….24-25
6. Borrowed from the US Army War College,VUCA was coined byThe Institute for the Future to
describe the rapidly changing and complex business environment since the Great Recession of
2008.
7. Leaders need new skills
in aVUCA 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 notVUCA ready
3X Performance inTop 20%
8. 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.
9. What’s Needed
The latest research inside and
outside the CPA Profession re-
affirms theTop Competencies and
Skills needed by Accounting and
Finance Professionals
10. CPA Horizons 2025 (AICPA)
The CPA Horizons 2025 Report by the AICPA
researched theTop 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.
11. The Chartered Global Management Accounting CGMA Competency Framework was developed in
2014 by the AICPA and CIMA JointVenture and follows the BLI ‘Bounce’ Framework.
12. Rearview Mirror vs Windshield
Past vs Future
Reactive vs Proactive
Your futureview is the future you! – Daniel Burrus
13. 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
theseTop 5
Skills
14. 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
15. • 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.
16.
17. 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.
18. Mapping the AOAF learning
program to the CGMA
Competency Model
shows 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
19. 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.
22. Mapping the MBA Express
learning program to the
CGMA Competency Model
shows 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
25. 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/