how to accelerate growth, innovation, and high performance for cpas, accounting and finance...
TRANSCRIPT
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Accelerate Growth, Innovation and High Performance for CPAs, Accounting and Finance Professionals
Tom Hood, CPA, CITP, CGMA@tomhood
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Talent Development & Competencies���
For���CPAs and Accounting &
Finance Professionals
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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
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Why?
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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.
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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%
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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.
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What’s NeededThe latest research inside and outside the CPA Profession re-affirms the Top Competencies and Skills needed by Accounting and Finance Professionals
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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.
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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.
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Rearview Mirror vs Windshield Past vs Future Reactive vs Proactive
Your futureview is the future you! – Daniel Burrus
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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
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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
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• 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.
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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.
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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
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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.
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"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.
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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
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http://www.blionline.org
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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/