the future of cpa profession, cfos and accounting - hhs edition

Tom Hood, CPA, CITP, CGMA CEO

MACPA & the Business Learning Institute

The Future of CPAs, Accounting  and Financial Professionals in 50 Minutes –

US HHS edition

Collaborating Across HHS for Accountability, Transparency, and Data Quality”

Prepared for:

Tom  Hood  CEO  of  MACPA  &  BLI  

•  Named  Fourth  Most  Influen2al  Person  by  Accoun2ng  Today  

•  Top  25  Influencers  in  Learning  &  HR  by  HR  Examiner  

•  Top  25  Public  Accoun2ng  Thought  Leaders  by  CPA  Prac2ce  Adviser  

•  Working  on    Learning  Management  with  AICPA/CPA2Biz,    Cloud  Curriculum,  Performance  Management  /XBRL,  Leadership  &  Genera2ons  

Tom Hood, CPA, CITP, CGMA CEO MACPA Business Learning Institute (BLI)

hQp://www.linkedin.com/in/tomhood  6/6/13   T  

www.SlideShare.net/thoodcpa  

@tomhood  @MACPA  

Download  today’s  slides  at  …  

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hQp://macpa.cnf.io  

Ask  and  answer  ques2ons  throughout  the  day  here…  

Conferences.io  was  used  to  engage  our  members  and  encourage  open  Q&A  and  feedback  with  this  exci2ng  new  technology  we  will  begin  incorpora2ng  into  strategic  planning  and  CPE  courses  for  engagement  and  collabora2on.  

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Respond to a Poll

Ask a Question Vote up a Question

hQp://macpa.cnf.io  

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Insights  to  Ac2on    

“One  without  the  other  is  either  useless  or  destruc2ve”  6/6/13   T  

Source:  WTF  What’s  the  Future  of  Business  by  Brian  Solis  

What  I  have  been  thinking  about  

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GASB  Whitepaper  

hQp://cpa.tc/2gx    

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Business   Not  for  Profits  NGOs  

Government  

Different  Worlds?  

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http://www.burrus.com

Inattentional blindness

The  new  “Big  Four”  +  1  +  3  

• Economy  • Globaliza2on  • Workforce  • Technology  +  Health  Care  

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• Change • Complexity • Compliance • Convergence • Competition

MANAGING THE “SEA” CHANGE

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Compliance  -­‐  Standards  •  Interna2onal  –  

IASB  &  IFRS  •  FASB  &  PCC  •  AICPA  &  FRF  –  SME  •  ASB  –  Clarity  

(12/15)  •  GASB  Pension  •  PEEC  •  COSO  •  IIRC  hQp://cpa.tc/1us  

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Health  Care  is  major  issue  

Source:  Thomson-­‐Reuters    6/6/13   T  

And  opportunity  

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XBRL  FASB  Industry  Taxonomy  Project  

•  Develop  industry  specific  taxonomies  •  BeQer  suited  for  each  industry  •  Industries  par2cipa2ng  include:  •  Insurance  •  Banking  •  Brokers  and  Dealers  •  Real  Estate  •  NFPs  •  GASB?  •  Form  990  

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Accoun&ng  bodies  hail  G20  emphasis  on  public  sector  repor&ng  

DATA  Act  &  Financial  Industry  Transparency  Act  using  XBRL  

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#SocialAccoun2ng  

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@hhsgov  @hhsdigital  @healthdatagov  @CDCGov  @CMSGov  @NIHforHealth  @HIMSS  @HITNewsTweet  

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Workforce  #4Genera2ons  

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Workforce  #TalentWar  

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Business   Not  for  Profits  NGOs  

Government  

Different  Worlds?  

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#IIRC  

hQp://www.theiirc.org  

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IIRC  Value  Crea2on  Process  

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CGMA  &  COSO  Balancing  Risk  &  Innova2on  

hQp://cpa.tc/2qf   hQp://www.coso.org  6/6/13   T  

Source:  DeloiQe  CFO  Signals™  survey,  fourth  quarter  2012  6/6/13   T  

Business   Not  for  Profits  NGOs  

Government  

When  Worlds  Collide  

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HHS  Strategic  Plan  

1.  Strengthen  Health  Care  2.  Advance  Scien2fic  Knowledge  and  

Innova2on  3.  Advance  the  Health,  Safety,  and  

Well  Being  of  the  American  People  

4.  Increase  Efficiency,  Transparency,  and  Accountability  of  HHS  Programs  

5.  Strengthen  the  Na2on's  Health  and  Human  Services  Infrastructure  and  Workforce  

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#CFOsSaveTheWorld  

Through collaboration, our CFO community manages financial accountability, compliance, and risk across HHS by maximizing resources to drive results.  

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CGMA – CIMA The global value-added financial professional

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KSAs  

hQp://www.BLIonline.org     6/6/13   T  

hQp://cpa.tc/2qh    

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#AdaptorDie  #BendAdop2onCurve  

• Technology  &  Caveman  • CC  >  EC  • L  >  C  • CPA  as  Ar2st  

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Technology  &  the  Caveman  

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“In  a  period  of  rapid  change  and  increasing  complexity,  the  winners  are  going  to  be  the  people  who  can  LEARN  faster  than  the  rate  of  CHANGE  and  faster  than  their  COMPETITION.”  

-­‐  Tom  Hood,  CPA.CITP.CGMA  6/6/13   T  

#CC>EC  #  1  Skill  is  CollaboraEon  #  2  Skill  is  CommunicaEon  according  to  2012  IBM  Global  CEO  Study  

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#Ar2st&CPA  

•  Lots  of  ways  to  mess  up!  

•  Heat  is  needed  to  shape  the  glass  

•  Long  setup  2me  for  quick  finish  

•  Try,  learn  and  adjust      -­‐Tim  McFadden  6/6/13   T  

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

Tom  Hood,  CPA.CITP  CEO  Maryland  AssociaEon  of  CPAs  Business  Learning  InsEtute  (443)  632-­‐2301  E-­‐mail  tom@macpa.org  Web  hUp://www.macpa.org  Blog  hUp://www.cpasuccess.com  Blog  hUp://www.bizlearningblog.com      

Follow  me  on:  

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