the cpa & accounting career - macpa student edition

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Tom Hood, CPA, CITP, CGMA Anne Arundel County Community College October 24, 2013 CPA Profession A Career for the Future 2013 Student Edition

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Page 1: The CPA & Accounting Career - MACPA Student Edition

Tom Hood, CPA, CITP, CGMA

Anne Arundel County Community College October 24, 2013

CPA Profession A Career for the Future

2013 Student Edition

Page 2: The CPA & Accounting Career - MACPA Student Edition

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Business Landscape

Main Street Owner begins to delegate “Focus on growth”

Bu26 Million U.S. Small Businesses

Mid-Market Delegation: departments “System thinking”

.6M businesses

24 million

employees

3.2 million businesses 26 million employees

22 million businesses 27 million employees

Personal Businesses Consumer & Business blur

0-5 Employees

Page 3: The CPA & Accounting Career - MACPA Student Edition

“People  don’t  buy  what  you  do,  they  buy  why  you  do  what  you  do.”  

-­‐  Simon  Sinek  

Page 4: The CPA & Accounting Career - MACPA Student Edition

Why MACPA?

4

Page 5: The CPA & Accounting Career - MACPA Student Edition

The Future

Page 6: The CPA & Accounting Career - MACPA Student Edition

30 Future Forums 1,000 CPAs

Identified these top trends

What CPAs think about the future

http://www.bizlearning.net/live/i2afutureforums

Page 7: The CPA & Accounting Career - MACPA Student Edition

MANAGING THE SEA CHANGE���Be the Captain of your own ship!

• Continuous Learning

• Competency

• Collaboration = Career Success

Page 8: The CPA & Accounting Career - MACPA Student Edition

It really is about this...

Page 9: The CPA & Accounting Career - MACPA Student Edition

In  1997,  the  CPA  profession  crowd-­‐sourced  its  future  with  over  3,500  CPAs  in  the  CPA  Vision  Project  

That  was  re-­‐validated  in  2011  by  8,000+  CPAs  

CPAs... Making sense of a changing and complex world.

Our core purpose, our reason for being is

Here is what they said…

Page 10: The CPA & Accounting Career - MACPA Student Edition

The  DNA  of  the  CPA  Values  &  Competencies  

•  Leadership  •  CommunicaRon  •  Strategic  Thinking  •  CollaboraRon  &  Synthesis  •  Technologically  Savvy  

Page 11: The CPA & Accounting Career - MACPA Student Edition

Our  Vision  Statement  for  the  future  is:  (  mandates  to  ourselves  for  a  successful  future)  

•  CommunicaRng  the  total  picture  with  clarity  and  objecRvity,  

•  TranslaRng  complex  informaRon  into  criRcal  knowledge,  

•  AnRcipaRng  and  creaRng  opportuniRes,  and  

•  Designing  pathways  that  transform  vision  into  reality.  

CPAs are the trusted professionals who enable people and organizations to shape their future.

Combining insight with integrity, CPAs deliver value by:

Page 12: The CPA & Accounting Career - MACPA Student Edition

Expects a 16% growth rate in accounting and auditing jobs from 2010

to 2020

Page 13: The CPA & Accounting Career - MACPA Student Edition

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Page 14: The CPA & Accounting Career - MACPA Student Edition

Accounting education records broken

2013 AICPA Trends Report

40,350 CPA firm new hires 82,177 graduates

Page 15: The CPA & Accounting Career - MACPA Student Edition

CPA credential in high demand!

Source: Wall Street Journal, 8/13/13

25%

38%

0

5

10

15

20

25

30

35

40

2006 2013

CFOs who are CPAs

Employers: Most desired credential

Solid salary growth

Entry-level demand also strong

Robert Half 2014 Salary Guide

Page 16: The CPA & Accounting Career - MACPA Student Edition

The CPA Brand

The

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Page 17: The CPA & Accounting Career - MACPA Student Edition
Page 18: The CPA & Accounting Career - MACPA Student Edition

Tomorrow’s CPA The Maryland Association of CPAs’ Student Group

�  Benefits – � Discounts on certain MACPA

programs � Connect with other students and

CPAs in the Mentor Center � MACPA Scholarship �  Brand new Internship/Job

Database � Discounts on many CPA Exam

review programs

Page 19: The CPA & Accounting Career - MACPA Student Edition

A CPA Story – Rebekah Brown

Click here to read the full story

Page 20: The CPA & Accounting Career - MACPA Student Edition

Lessons Learned: What I want you to know

Click here to read all the blog posts

Page 21: The CPA & Accounting Career - MACPA Student Edition

Rebekah  Brown,  CPA  Customized  Learning  Consultant    Maryland  Associa>on  of  CPAs  Business  Learning  Ins>tute  (443)  632-­‐2320  E-­‐mail  [email protected]  Web  hNp://www.macpa.org          hNp://www.blionline.org    Blog  hNp://www.cpasuccess.com  TwiNer  @RJBrownCPA  LinkedIn  Rebekah  Brown,  CPA    

Page 22: The CPA & Accounting Career - MACPA Student Edition

@tomorrowscpa

www.facebook.com/TomorrowsCPA

www.macpa.org/Content/students.aspx (Join here: www.tomorrowscpa.org)

[email protected] // [email protected]

How to join & get involved

Page 23: The CPA & Accounting Career - MACPA Student Edition

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A leader’s job is to define context and provide hope and inspiration..."

Page 24: The CPA & Accounting Career - MACPA Student Edition

Tom  Hood,  CPA.CITP  CEO  

Maryland  Associa>on  of  CPAs  Business  Learning  Ins>tute  

(443)  632-­‐2301  E-­‐mail  [email protected]  

Web  hNp://www.macpa.org  Blog  hNp://www.cpasuccess.com