This document discusses the need for CPAs to transition from being reactive to proactive and anticipatory. Only 8% of CPAs currently have this "future ready" mindset. The top barriers preventing CPAs from being more proactive are lack of time and being too focused on reacting to immediate needs rather than planning ahead. To prepare for the future, CPAs must start learning new skills like strategic thinking, innovation, and change leadership. Fostering relationships will also be important as the future is about more than just technical skills.
3. www.blionline.org
Source: CPA.COM Insight into the CPA of the
Future Study 2014
Only 8% of CPAs are Future Ready
Future Ready is the capacity
to be aware, predictive, and
adaptive of emerging
challenges, tech innovations,
and trends and changes in
business, population, and
social environment.
11. Two of the worldâs biggest oil and gas groups are set to deploy artiďŹcial
intelligence software to do the work of back-ofďŹce accountants and call-
centre workers, in the latest sign that white- collar jobs could be under
threat from the rise of smart machines.
12.
13. Will your job be done by a machine?
Source: NPR Planet Money, May, 2015
14. 'If the rate of change on the outside
exceeds the rate of change on the inside,
the end is near.â â Jack Welch
15. In the next ďŹve
years we will
TRANSFORM
How we market,
sell , communicate,
collaborate,
innovate, and
educate
â Dan Burrus
16. Top Five Barriers
1.âŻNot enough time.
2.âŻBeing reactive versus
proactive.
3.âŻDoing more with less.
4.âŻInformation overload
(standards and
regulations).
5.âŻManaging change.
17. A Clarion Call to Get Out of Our Box(es)
Leave me alone!
I spent thirty years
building this box.
18. âYou canât stop the waves, but you can
learn how to surf.â â Jon Kabat Zinn
Start by riding the
hard trendsâŚ
28. Technology adoption remains slow
Source: Sage North America
of firms are using online or cloud solutions to collaborate
and share accounting information with their clients
10%
32. ANTICIPATION
Â
Strategic
 Thinking
Â
External
 Awareness
Â
Vision
Â
Con7nuous
 Learning
Â
Innova7on
Â
Crea7vity
Â
Problem
 Solving
Â
Priori7za7on
Â
Business
 Acumen
Â
Decisiveness
Â
InďŹuencing/Persuading
Â
Emo7onal
 Intelligence
Â
Consensus
 Building
Â
Collabora7on
Â
Inspira7on
Â
Risk
 Management
Â
The competency of âanticipationâ actually includes a number of
competencies included in many of the top companies of today and
the CPA Profession as well.
Across these models, you'll see a common theme of "strategic
thinking," "innovation" and "leading change."
Many of these organizations build (and validate) fantastic
competency models and know what they want people to do.
The beauty of the Anticipatory Organization model is that it offers
a clear process that makes highly-abstract leadership competencies
attainable and trainable.Â
If an organization wants to make "strategic thinking" or "innovation"
a core competency, we can provide clear, trainable activities that
can be targeted to a wide range of learners (from individual
contributors to senior leadership).
We provide the bridge between the competency model and the
desired observable behaviors.
Anticipation âThe Critical Competency
36. The No. 1 Barrier?
I am too busy and donât have timeâŚ
37. CPAs are trusted advisors who
help business and organizations
shape their future. Combining
insight with integrity they
deliver value by:
â˘âŻ Communicating the total picture
with clarity and objectivity;
â˘âŻ Translating complex information
into critical knowledge;
â˘âŻ Anticipating and creating
opportunities;
â˘âŻ Designing pathways that
transform vision into reality.
Source:AICPA: CPA Horizons 2025 Report
41. Five Steps to Get Started
1.⯠Start with Certainty
2.⯠Start Focusing on the
Future
3.⯠Start Learning New
Skills
4.⯠Protect the Core
(Purpose &Values)
5.⯠Collaboration &
Relationships are key
43. âThose who initiate change will have a
better opportunity to manage the
change that is inevitable.â
- William Pollard
44. 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.
â 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 2013
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/