MACPA Major Firms Identify Top Technology Trends and Skills for the Future
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Transcript of MACPA Major Firms Identify Top Technology Trends and Skills for the Future
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MarylandMajorFirmsGroupMarch,6,2017
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TopChallenges
3
1. Finding and retaining talent/Succession planning
2. Staff development3. Information overload ‒
changing standards and regs4. Pace of change and keeping up5. Engaging our people
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TopSkillsNeeded
4
1. Strategic&CriFcalThinking
2. CommunicaFon3. InspiringandMoFvaFng
Others4. CollaboraFonand
mobilizingconsent5. InnovaFonand
creaFvity6. AnFcipaFng&Serving
EvolvingNeeds
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TopTechnologyTrends
5
1. BigDataAnalyFcs2. AdapFve&predicFvecyber-security3. ArFficialintelligence,cogniFve
compuFnginauditandtax4. VirtualizaFonandautomaFonof
processesandservices5. Blockchains6. Mobileapps,smartphones,tabletsfor
business7. Augmentedandvirtualreality
applicaFons8. InternetofThings,9. VisualcommunicaFons10. SocialbusinessapplicaFonsSource:2017ToptechnologyTrends–BurrusResearch
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#FutureReady!Is the capacity to be anticipatory (aware, predictive and adaptive) of emerging technology and trends in business, demographics, and the social environment impacting your organization and industry.
Source: CPA.COM Insight into the CPA of the Future Study 2014
92% of CPAs Not #futureready
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Ourinsights…TheresponsesfromthesesurveysareconsistentwithourpollsfromacrosstheAccounFngProfessionincludingpubliccompanyfinanceandaccounFng,publicaccounFng,governmentandsmall–mid-sizebusinessandNFPs.TheyarealsoconsistentwithglobalcompetencyresearchfromFortune500companies.OneopportunityistofocustraininganddevelopmentonthecriFcalskillsparFcipantsareidenFfying,especiallyintheareaof‘strategicthinking’and‘anFcipaFon(beingaware,predicFveandadapFveoffuturetrendsandissues).Theseskillselevateandacceleratepeople’sabilitytoadapttomajorchangesinaddiFontofindingcreaFveandinnovaFvewaystoaddvaluetothebusiness.OurresearchconsistentlyshowstheneedforfinanceandaccounFngteamstoaddinsightstothebusiness.Wenowhaveseveralnewtrainingtoolsavailabletosupportindividualsandmostimportantlygroupsindevelopingtheseskills.
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• Anticipating, introducing and managing change;• Building consensus and commitment;• Inspiring others toward a challenging future
vision;• Leading across generations and mobilizing
people around a shared purpose.
The top four skills needed to navigate a VUCA world
BLI Leadership Academy and The Anticipatory Organization learning
programs address these critical competencies and more.
Source: Conference Board 2015 Ready-Now Leaders Report
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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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ANTICIPATIONStrategicThinkingExternalAwarenessVisionConFnuousLearningInnovaFonCreaFvityProblemSolvingPrioriFzaFonBusinessAcumenDecisivenessInfluencing/PersuadingEmoFonalIntelligenceConsensusBuildingCollaboraFonInspiraFonRiskManagement
The competency of “anticipation” actually includes a number of competencies included in many of the top companies of today.
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 in a self-directed e-learning system featuring short single-concept videos with rapid application learning exercises.
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 – The Critical Competency
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• 16-20 hours of learning in bite size nano format
• 100 pages of job aids and exercises
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28lessons–4modules–1hour/week• Veryshortsingle-conceptvideos• RapidapplicaFonexercises• Visualjobaidstoreinforcelearning
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E-learning versus Traditional Learning
• $30 increase in productivity for every $1 invested for 30X return
• 18% increase in employee engagement
• Reduces learning time 25 to 60 percent
• Increases retention of learning dramatically
• Keeps them productive and able to self-pace around busy schedules
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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, CPA Executive Partner, HORNE LLP Top 50 CPA Firm
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AOAF recognized as 2016 Top learning Product “Everyone keeps telling accountants that they need to change their focus from the historic and the backward-looking, and to start being proactive and offering future-focused advice – but no one tells them how. The beauty of the Anticipatory Organization program is that it actually gives you a set of tools to harness the hard trends that are shaping the future, and use them to create new value for your firm and your clients.” - Daniel Hood, Editor-in-Chief, Accounting
Today
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Books These are among the resources that were discussed during the our “Future-Ready CPA” programs.
The Future of the Professions: How Technology Will Transform the Work of Human Experts By Richard and Daniel Susskind www.susskind.com
The Fourth Industrial Revolution By Klaus Schwab bit.ly/1qLrfzs
Flash Foresight: How To See The Invisible And Do The Impossible By Daniel Burrus bit.ly/1SOn7FG
The Second Machine Age: Work, Progress And Prosperity In A Time of Brilliant Technologies By Erik Brynjolfsson and Andrew McAfee www.SecondMachineAge.com
The Industries Of The Future By Alec Ross bit.ly/2fP8cnU
The End of Accounting, and the Path Forward for Investors and Managers By Baruch Lev and Feng Gu amzn.to/2hvHs90
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Resources These are among the resources that were discussed during the our “Future-Ready CPA” programs.
The Future of the Professions: How Technology Will Transform the Work of Human Experts By Richard and Daniel Susskind www.susskind.com
What SMBs Want From Their Accountant From The Sleeter Group bit.ly/2fCsvkc
Welcome to the Fast Future From CPA.com bit.ly/2gdHlBj
The Fourth Industrial Revolution By Klaus Schwab bit.ly/1qLrfzs
Flash Foresight: How To See The Invisible And Do The Impossible By Daniel Burrus bit.ly/1SOn7FG
The Future of Employment: How Susceptible Are Jobs To Computerization? By Carl Benedikt Frey and Michael Osborne bit.ly/1kre5T6
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What SMBs Want From Their Accountant From The Sleeter Group bit.ly/2fCsvkc
Welcome to the Fast Future From CPA.com bit.ly/2gdHlBj
The Future of Employment: How Susceptible Are Jobs To Computerization? By Carl Benedikt Frey and Michael Osborne bit.ly/1kre5T6
CPA Horizons 2025 From the American Institute of CPAs bit.ly/1UEN1x2
Innovation Killers: How Financial Tools Destroy Your Capacity To Do New Things By Clayton Christensen, Stephen P. Kaufman and Willy Shih bit.ly/1JtBxfG
Ready-Now Leaders: Meeting Tomorrow’s Business Challenges From DDI bit.ly/V05HQ6
Whitepapers These are among the resources that were discussed during the our “Future-Ready CPA” programs.
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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 2013 - 2015 Top 150 Influencer by Linked-In Top 25 Influencers in Learning & HR - HR Examiner Top 25 Public Accounting Thought Leaders - CPA Practice Adviser Co-founder of the Business Learning Institute
CEO Maryland Association of CPAs (MACPA) www.macpa.org Business Learning Institute (BLI) www.blionline.org
http://www.linkedin.com/in/tomhood/
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www.blionline.org
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http://www.blionline.org