State of Accounting: A Clarion Call for CPAs and Accountants to Get out of the Box

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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

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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

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Leave me alone I spent thirty yea building this box

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

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

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Gradual then Sudden

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BnB Rooms available surpasses Hilton & Marr

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

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Will your job be done by a machin

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

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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

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Why are windshields so much bigger

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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

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Adding Insight for Action lity ence y Wisdom Knowledge Information Data

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rt With Certainty & F Opportunities

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

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

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

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

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he future is about relationship

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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.

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BLI.CNF.IO ur session the tion: ate of ng o Poll a Question question

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

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Hood, CPA, CITP, CGMA ciation of CPAs macpa.org ning Institute (BLI) org 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 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 http://www.linkedin.com/in/tomhood/

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