Are you future ready? Do you have the skills to deal with the disruptive forces at work in the market today? A recent study by Oxford put the accounting and auditing profession at a 94% disruption by technology. In addition the profession is facing the massive “shift change” as a new generation begins to take the reigns from the retiring baby boomers. Major shifts in leadership, learning, technology, generations, and the workplace are underway. Except this time it is different. This time the incoming shift will require a new set of skills and tools to continue the work of the prior shift. The cause of the shift change is the rapidly changing and complex hyper-competitive environment which has become the new normal. The key to managing this shift change is a very simple, but very big idea – develop your talent and Keep your L>C. Tom Hood shares his perspective on how the profession is responding and what you should be thinking about to position yourself for these changes ahead. As the second most influential person in the CPA Profession, Tom was involved in creating a vision for CPAs into the year 2025. That vision talks about how accounting professionals can move up the value chain and the skills you will need to grow and avoid disruption. Tom will share the latest research and real world experience with his work at the Business Learning Institute. Participants will learn about the latest trends and techniques to navigate this “shift change” as leaders of organizations and as individuals. Tom also introduces the latest research from the Business Learning Institute about the "missing competency" of anticipation and the related "future ready" skills needed by CFOs, Controllers, CPAs, and accounting and finance professionals. Their new innovative e-learning program on creating the anticipatory organization can be found here http://www.blionline.org/ao This presentation was made at the Sage Summit 2015 in New Orleans, LA.

1. State of Accounting: Time to Get Out of
Speaker: Tom Hood, CPA, CITP, CGMA
Session Number: SA-60
Date/Time: July 30, 2015 2:30pm-3:15pm
Speaker Twitter Handle: @tomhood

2. tents of this presentation were provided by the individual(s) an
y listed on the title page. The information and opinions present
ation may not represent the positions, strategies, or opinions of
explicitly stated, Sage is not responsible for the content herein
ments are implied.
Sage Software, Inc. All rights reserved. Sage, the Sage logo, an
oduct and service names mentioned herein, are trademarks of
e, Inc. or its affiliates. All other names used in this presentation
ional purposes only and may be trademarks of their respective
@tomhood

3. Leave me alone
I spent thirty yea
building this box

5. Cloud computin
of small businesses
demanding cloud-ba
computing
61%
YET, Only 10% o
cloud to work with

6. www.b
M Insight into the CPA of the Future
Study 2014
nly 8% of CPAs are Future Rea
Future Ready is
to be aware, pr
adaptive of emer
tech innovation
and changes
population,
environ

7. Gradual then Sudden

9. BnB Rooms available surpasses Hilton & Marr

10. rate of change on the outside exce
te of change on the inside, the end i
– Jack Welch

11. Will your job be done by a machin

13. and Employers want
o offer PROACTIVE
and insights that are
ble about the future!

14. Five Steps to Get Started
1. Focus on the Futu
2. Start with Certain
Find Opportunitie
3. Learn New Skills
4. Protect the Core
&Values
5. Collaboration &
Relationships are k

15. Why are windshields so much bigger

16. trusted advisors who help
and organizations shape their
ombining insight with integrity
ver value by:
nicating the total picture with clarity
ectivity;
ng complex information into critical
ge;
ting and creating opportunities;
ng pathways that transform vision Source:AICPA: CPA Horizon

17. Adding Insight for Action
Information
Wisdom
Knowledge
Datay
ence
lity

18. rt With Certainty & F
Opportunities

20. Cloud computin
of small businesses
demanding cloud-ba
computing
61%
YET, Only 10% o
cloud to work with

21. OPPORTUNITY
Technology’s impact on firm service lines
fficiencies
nnovation
• Efficiencies
• Innovation
• Transformativ
• Revenue Grow
w Opportunities Emerging Dramatic Cha
Audit Tax
Accounti
service

22. www.b

23. N
king
eness
earning
ng
men
ersuading
elligence
ilding
ment
cipation –The Critical Compete
• 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.

25. t
rity
ectivity
llence
ong Learning
tect the Core AND Stimulate Prog

26. he future is about relationship

27. Top Five Barriers
1. Not enough time
2. Being reactive ver
proactive.
3. Doing more with
4. Information overlo
(standards and
regulations).
5. Managing change.

28. today!

30. question
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a Question
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31. http://www.blionline.org/ao

33. com

34. Download today’s slides at …
www.SlideShare.net/thoodcpa

35. If there is a conversation about the future
profession, you're bound to hear Hood's n
mentioned as one of the people leading th
way.
– Accounting Today
Hood, CPA, CITP, CGMA
CPA Practice Adviser Accounting Hall of Fam
Named the Second Most Influential in Accou
Accounting Today Magazine 2013
Top 150 Influencer by Linked-In
Top 25 Influencers in Learning & HR by HR E
Top 25 Public Accounting Thought Leaders
Practice Adviser
Working on Learning Management with AIC
Cloud Curriculum, Performance Managemen
Leadership & Generations
ciation of CPAs
macpa.org
ning Institute (BLI)
org
http://www.linkedin.com/in/tomhood/