SlideShare uma empresa Scribd logo
1 de 43
Baixar para ler offline
The future ready cpa   are you ready for the challenge - PICPA Leadership Conference
Samantha Mansfield
Director Corporate
Communications, CPA.com
• 15+ years of experience in tax and
accounting technology industry
• Consultant on workflow and web
implementations
• Designed and built educational events for
practice development
• 2015 CPA Practice Advisor “40 Under 40”
Agenda
Start with Strategy
Disruption & CPA’s
Internet of Things
How to Identify Disruptive Technology
3
The Future
Ready CPA
Harness
the Power
- Moore
Start
with
Why
- Sinik
The Big
Switch – Carr
Future
Smart
- Canton
The Foundation
WHAT?
WHY?
WHERE?
WHEN?
Are CPA’s
Future Ready?
7
8
9
10
The future ready cpa   are you ready for the challenge - PICPA Leadership Conference
The Path Forward: CPA’s
1. Understand emerging innovation faster
2. Create a competitive talent strategy
3. Embrace globalization opportunities
4. Get in synch with the marketplace trends
that will shape future markets
DISRUPTION&CPAS
Templosion
“the implosion of everything into compressed time”
Tem·plo·sion [Tem-sploh-zhuhn] Noun
“It’s a Templosion”
“I like Tom Hood’s VUCA term to define the paradox. ‘Rapid, short-term change and
long-term leadership ideas and goals simply don’t mesh well.’”
- Hubert Glover,
Author: The Making of the Twenty-First-Century Leader
“It’s a VUCA world – Volatile, Uncertain, Complex, and Ambiguous … the answer to rapid
changes and hyper-competition is a bold vision and core value’s; maintaining values that
don’t change while constantly re-inventing the shorter term strategy.”
- Tom Hood, CPA.CITP,
President & CEO, Maryland CPA Society
“It's tough to make
predictions, especially
about the future.”
A Note On Predictions
- Yogi Berra
Our Near Term View is Always Unclear
“Inside the Tornado”
“Tipping Point”
“Crossing the Chasm”
Disintermediation
Disintermediation
Removing the middleman -- a popular buzzword used to describe how Internet-based
businesses are using cloud and mobile technologies to reach customers.
These companies provide products and services cheaper and faster.
These technologies are revolutionizing the way products and services are bought and sold,
and disintermediation is the driving force behind this revolution.
The Latest In Disintermediation
“It’s a VUCA world – Volatile, Uncertain, Complex, and Ambiguous …
the answer to rapid changes and hyper-competition is a bold
vision and core value’s; maintaining values that don’t change
while constantly re-inventing the shorter term strategy.”
- Tom Hood, CPA.CITP,
President & CEO, Maryland CPA Society
21
THEINTERNET
OFTHINGS
What is…IOT?
(a.k.a., IOE)
24
Channels
Triggers
Actions
Ingredients
IFTTT Recipes
Channels Hundreds of channels!
Triggers
If this….
…based on
the channel
Actions
This recipe uses the geo-location
function of my smart phone to record
every visit to the gym.
Subject
Body
Attachment
Received Date
Sender
Pieces of Data From a Trigger = Ingredients
For example, the ingredients of an email trigger could be:
Ingredients
10 Interesting Uses
1. Monitor you or your competitors’ TripAdvisor (or Yelp, etc.) reviews
2. Mute your phone when you have a meeting on your calendar
3. Your phone switches to vibrate when you walk into your office building
4. Record on your calendar or spreadsheet when you get to and leave work
5. Text your wife/husband when you leave work
6. Get an alert when your (or your clients’) website goes down
7. Receive a text when someone comments on your website
8. Get an alert when a certain person or certain people email you
9. Flash your lights when it rains
10.Wish customers/colleagues a Happy Birthday on Facebook
What are the Possibilities
when IoT Combines with
Cloud-based Accounting?
Peer Lending
Technology Is the Easy Part
• Technology Executives
• Loans being funded @ > $250M / month
• Interest paid to investors: ~$500M to date
• Investment bankers
• True “crowd-sourced” loan funding
• Technology & baking
• Direct ties to cloud-based accounting platforms
• Non-Profit
• > 1 million lenders
• > $500,000,000 in loans / 99.01% Repayment rate
• Friends and Family
• Regulation and litigation
• Prosper (Wells Fargo execs)
• >$1 billion in loan originations to date
Crowdfunding Grows Up
2012’s JOBS Act, allows companies to raise up to $1 million in a 12-month
period
From “accredited investors”
o Income over $200,000 (single) or $300,000 (joint) per year
o or net worth over $1 million
o An executive or director of the company
Under $100,000 requires two years of financial statements, certified by the
principal executive, and its most recent tax return.
From $100,000 to $500,000 the statements must be reviewed by a CPA.
Over $500,000 must have audited statements
What It Means
• Role of Banks?
• Role of CPAs as Credit Advisors?
• Financial Statements?
• Benchmarking and analysis?
• Personal investments?
HOWTOIDENTIFYDISRUPTIVE
TECHNOLOGIES
Transparency Provider
CustomerTechnology
8 Strong Indicators
1. Ratio of expenditures -- Legal to Tech
2. Governmental involvement
3. Excessive resistance --- mockery
4. Generational differentiation
5. Huge efficiencies
6. Protectionism
7. First or early mover(s) soon copied by others
8. Who benefits?
So What Changes After Uber as an Example?
1. Technology enables massive
competition
2. Centralized regulation disappears
3. Fewer cars?
4. Fewer parking lots
5. Less congestion
6. Better safety
7. More productive time
8. Cost of trucking falls – logistics become
cheaper
9. Fewer hotels?
10. Fewer full time jobs / more part time?
11. On demand delivery becomes standard
– fewer bicycle messengers
12. Surge availability
Discussion
What are examples of templosion impacting the
accounting profession?
IoT recipe applicable in accounting profession?
How has disintermediation begun to impact the
profession of accounting?
40
Summary
The Fast Future
Templosion
Recognizing Disruptive Technologies
Significant Areas of Change
Think of how this will better prepare your business for success
Resources
CPA of the Future Study
o www.CPA.com/Future-Ready-CPA
Templosion 10 Part series from AICPA
o http://www.smartbrief.com/s/2013/08/templosions-impact-competition
Journal of Accountancy – “Expanding Your App-titude” column
Accounting Today – “App of the Week” column
“Accounting Services - Harnessing the Power of the Cloud”
o Dr. Geoffrey Moore
o http://www.cpa.com/whitepapers/accounting-services-harness-power-cloud
42
Questions?
Thank You!
@SnMansfield
#DigitalCPA

Mais conteúdo relacionado

Destaque

Digital cpa webcast ssars21 - external use
Digital cpa webcast   ssars21 - external useDigital cpa webcast   ssars21 - external use
Digital cpa webcast ssars21 - external useCPA.com
 
What comes 1st the process or the solution
What comes 1st the process or the solutionWhat comes 1st the process or the solution
What comes 1st the process or the solutionCPA.com
 
2 Emerging Categories for Trusted Business: ACA & SALT
2 Emerging Categories for Trusted Business: ACA & SALT2 Emerging Categories for Trusted Business: ACA & SALT
2 Emerging Categories for Trusted Business: ACA & SALTCPA.com
 
Accelerating bpo practices for 2016
Accelerating bpo practices for 2016Accelerating bpo practices for 2016
Accelerating bpo practices for 2016CPA.com
 
Creating vertical depth in a horizontal firm
Creating vertical depth in a horizontal firmCreating vertical depth in a horizontal firm
Creating vertical depth in a horizontal firmCPA.com
 
Metamorphosis of the Digital CPA
Metamorphosis of the Digital CPA Metamorphosis of the Digital CPA
Metamorphosis of the Digital CPA CPA.com
 
With the end in mind choosing the right solutions
With the end in mind   choosing the right solutionsWith the end in mind   choosing the right solutions
With the end in mind choosing the right solutionsCPA.com
 
Becoming a Digital CPA
Becoming a Digital CPABecoming a Digital CPA
Becoming a Digital CPACPA.com
 
Strategies for innovating for the future ready cpa
Strategies for innovating for the future ready cpaStrategies for innovating for the future ready cpa
Strategies for innovating for the future ready cpaCPA.com
 
Vertical nichefinal
Vertical nichefinalVertical nichefinal
Vertical nichefinalCPA.com
 
AccountantsWorld Expert Series - Building a bridge to cpa firm of the future
AccountantsWorld Expert Series - Building a bridge to cpa firm of the futureAccountantsWorld Expert Series - Building a bridge to cpa firm of the future
AccountantsWorld Expert Series - Building a bridge to cpa firm of the futureCPA.com
 
Building blocks outsourced accounting
Building blocks outsourced accountingBuilding blocks outsourced accounting
Building blocks outsourced accountingCPA.com
 
Building a bridge to CPA firm of the future
Building a bridge to CPA firm of the futureBuilding a bridge to CPA firm of the future
Building a bridge to CPA firm of the futureCPA.com
 
Aicpa cpa.com world bank technology presentation
Aicpa cpa.com world bank technology presentationAicpa cpa.com world bank technology presentation
Aicpa cpa.com world bank technology presentationCPA.com
 
How to Take the First Steps to a Lucrative Virtual CFO Business Model
How to Take the First Steps to a Lucrative Virtual CFO Business ModelHow to Take the First Steps to a Lucrative Virtual CFO Business Model
How to Take the First Steps to a Lucrative Virtual CFO Business ModelCPA.com
 
Todays client accounting services: new names for the same service?
Todays client accounting services: new names for the same service?Todays client accounting services: new names for the same service?
Todays client accounting services: new names for the same service?CPA.com
 
Back to the Heart of it All
Back to the Heart of it AllBack to the Heart of it All
Back to the Heart of it AllCPA.com
 
5 why's to go vertical
5 why's to go vertical5 why's to go vertical
5 why's to go verticalCPA.com
 
How the Cloud Impact Modern Day Financials
How the Cloud Impact Modern Day FinancialsHow the Cloud Impact Modern Day Financials
How the Cloud Impact Modern Day FinancialsCPA.com
 
Growing a future ready CPA firm
Growing a future ready CPA firmGrowing a future ready CPA firm
Growing a future ready CPA firmCPA.com
 

Destaque (20)

Digital cpa webcast ssars21 - external use
Digital cpa webcast   ssars21 - external useDigital cpa webcast   ssars21 - external use
Digital cpa webcast ssars21 - external use
 
What comes 1st the process or the solution
What comes 1st the process or the solutionWhat comes 1st the process or the solution
What comes 1st the process or the solution
 
2 Emerging Categories for Trusted Business: ACA & SALT
2 Emerging Categories for Trusted Business: ACA & SALT2 Emerging Categories for Trusted Business: ACA & SALT
2 Emerging Categories for Trusted Business: ACA & SALT
 
Accelerating bpo practices for 2016
Accelerating bpo practices for 2016Accelerating bpo practices for 2016
Accelerating bpo practices for 2016
 
Creating vertical depth in a horizontal firm
Creating vertical depth in a horizontal firmCreating vertical depth in a horizontal firm
Creating vertical depth in a horizontal firm
 
Metamorphosis of the Digital CPA
Metamorphosis of the Digital CPA Metamorphosis of the Digital CPA
Metamorphosis of the Digital CPA
 
With the end in mind choosing the right solutions
With the end in mind   choosing the right solutionsWith the end in mind   choosing the right solutions
With the end in mind choosing the right solutions
 
Becoming a Digital CPA
Becoming a Digital CPABecoming a Digital CPA
Becoming a Digital CPA
 
Strategies for innovating for the future ready cpa
Strategies for innovating for the future ready cpaStrategies for innovating for the future ready cpa
Strategies for innovating for the future ready cpa
 
Vertical nichefinal
Vertical nichefinalVertical nichefinal
Vertical nichefinal
 
AccountantsWorld Expert Series - Building a bridge to cpa firm of the future
AccountantsWorld Expert Series - Building a bridge to cpa firm of the futureAccountantsWorld Expert Series - Building a bridge to cpa firm of the future
AccountantsWorld Expert Series - Building a bridge to cpa firm of the future
 
Building blocks outsourced accounting
Building blocks outsourced accountingBuilding blocks outsourced accounting
Building blocks outsourced accounting
 
Building a bridge to CPA firm of the future
Building a bridge to CPA firm of the futureBuilding a bridge to CPA firm of the future
Building a bridge to CPA firm of the future
 
Aicpa cpa.com world bank technology presentation
Aicpa cpa.com world bank technology presentationAicpa cpa.com world bank technology presentation
Aicpa cpa.com world bank technology presentation
 
How to Take the First Steps to a Lucrative Virtual CFO Business Model
How to Take the First Steps to a Lucrative Virtual CFO Business ModelHow to Take the First Steps to a Lucrative Virtual CFO Business Model
How to Take the First Steps to a Lucrative Virtual CFO Business Model
 
Todays client accounting services: new names for the same service?
Todays client accounting services: new names for the same service?Todays client accounting services: new names for the same service?
Todays client accounting services: new names for the same service?
 
Back to the Heart of it All
Back to the Heart of it AllBack to the Heart of it All
Back to the Heart of it All
 
5 why's to go vertical
5 why's to go vertical5 why's to go vertical
5 why's to go vertical
 
How the Cloud Impact Modern Day Financials
How the Cloud Impact Modern Day FinancialsHow the Cloud Impact Modern Day Financials
How the Cloud Impact Modern Day Financials
 
Growing a future ready CPA firm
Growing a future ready CPA firmGrowing a future ready CPA firm
Growing a future ready CPA firm
 

Semelhante a The future ready cpa are you ready for the challenge - PICPA Leadership Conference

MACPA Professional Issues Update - Fall 2010 Edition
MACPA Professional Issues Update - Fall 2010 EditionMACPA Professional Issues Update - Fall 2010 Edition
MACPA Professional Issues Update - Fall 2010 EditionTom Hood, CPA,CITP,CGMA
 
MACPA Spring 2016 Professional Issues Update - Business & Industry Edition
MACPA Spring 2016 Professional Issues Update - Business & Industry EditionMACPA Spring 2016 Professional Issues Update - Business & Industry Edition
MACPA Spring 2016 Professional Issues Update - Business & Industry EditionTom Hood, CPA,CITP,CGMA
 
Keeping up with Accounting - Business & Industry edition
Keeping up with Accounting - Business & Industry editionKeeping up with Accounting - Business & Industry edition
Keeping up with Accounting - Business & Industry editionTom Hood, CPA,CITP,CGMA
 
Intuit Investor Presentation November 2016
Intuit Investor Presentation November 2016Intuit Investor Presentation November 2016
Intuit Investor Presentation November 2016investorsintuitinc
 
Stephen Allott Growing Profitable Businesses in the Second Machine Age BoS2016
Stephen Allott Growing Profitable Businesses in the Second Machine Age BoS2016Stephen Allott Growing Profitable Businesses in the Second Machine Age BoS2016
Stephen Allott Growing Profitable Businesses in the Second Machine Age BoS2016Business of Software Conference
 
Preparing for the Shift Change in Accounting (and Business)
Preparing for the Shift Change in Accounting (and Business)Preparing for the Shift Change in Accounting (and Business)
Preparing for the Shift Change in Accounting (and Business)Tom Hood, CPA,CITP,CGMA
 
MACPA 2013 Spring Professional Issues Update
MACPA 2013 Spring Professional Issues UpdateMACPA 2013 Spring Professional Issues Update
MACPA 2013 Spring Professional Issues UpdateTom Hood, CPA,CITP,CGMA
 
Get unstuck and grow
Get unstuck and grow  Get unstuck and grow
Get unstuck and grow CPA.com
 
Intuit's - Investor Day 2014 Presentation
Intuit's - Investor Day 2014 PresentationIntuit's - Investor Day 2014 Presentation
Intuit's - Investor Day 2014 Presentationinvestorsintuitinc
 
What Is Your Plan B Resume Writing
What Is Your Plan B Resume WritingWhat Is Your Plan B Resume Writing
What Is Your Plan B Resume Writingdanielguelzo
 
Scotland's FinTech Summit 2019
Scotland's FinTech Summit 2019Scotland's FinTech Summit 2019
Scotland's FinTech Summit 2019Ray Bugg
 
The Implications of Digital Disruption on Boards
The Implications of Digital Disruption on BoardsThe Implications of Digital Disruption on Boards
The Implications of Digital Disruption on BoardsColvin Consulting Group
 
August 30 2017 ir marketing final
August 30 2017 ir marketing finalAugust 30 2017 ir marketing final
August 30 2017 ir marketing finalinvestorsintuitinc
 
Deloitte stay ahed of the game
Deloitte stay ahed of the gameDeloitte stay ahed of the game
Deloitte stay ahed of the gameFranco Ferrario
 
Deloitte stay ahed of the game
Deloitte stay ahed of the gameDeloitte stay ahed of the game
Deloitte stay ahed of the gameFranco Ferrario
 

Semelhante a The future ready cpa are you ready for the challenge - PICPA Leadership Conference (20)

MACPA Professional Issues Update - Fall 2010 Edition
MACPA Professional Issues Update - Fall 2010 EditionMACPA Professional Issues Update - Fall 2010 Edition
MACPA Professional Issues Update - Fall 2010 Edition
 
MACPA Spring 2016 Professional Issues Update - Business & Industry Edition
MACPA Spring 2016 Professional Issues Update - Business & Industry EditionMACPA Spring 2016 Professional Issues Update - Business & Industry Edition
MACPA Spring 2016 Professional Issues Update - Business & Industry Edition
 
Leadership in the New Normal
Leadership in the New NormalLeadership in the New Normal
Leadership in the New Normal
 
Keeping up with Accounting - Business & Industry edition
Keeping up with Accounting - Business & Industry editionKeeping up with Accounting - Business & Industry edition
Keeping up with Accounting - Business & Industry edition
 
Intuit Overview January 2017
Intuit Overview January 2017Intuit Overview January 2017
Intuit Overview January 2017
 
Intuit Investor Presentation November 2016
Intuit Investor Presentation November 2016Intuit Investor Presentation November 2016
Intuit Investor Presentation November 2016
 
Stephen Allott Growing Profitable Businesses in the Second Machine Age BoS2016
Stephen Allott Growing Profitable Businesses in the Second Machine Age BoS2016Stephen Allott Growing Profitable Businesses in the Second Machine Age BoS2016
Stephen Allott Growing Profitable Businesses in the Second Machine Age BoS2016
 
Preparing for the Shift Change in Accounting (and Business)
Preparing for the Shift Change in Accounting (and Business)Preparing for the Shift Change in Accounting (and Business)
Preparing for the Shift Change in Accounting (and Business)
 
The Future Ready CPA Firm
The Future Ready CPA FirmThe Future Ready CPA Firm
The Future Ready CPA Firm
 
(GCF2007) ICT as a Driver of Innovation and Entrepreneurship
(GCF2007) ICT as  a Driver of Innovation and Entrepreneurship(GCF2007) ICT as  a Driver of Innovation and Entrepreneurship
(GCF2007) ICT as a Driver of Innovation and Entrepreneurship
 
MACPA 2013 Spring Professional Issues Update
MACPA 2013 Spring Professional Issues UpdateMACPA 2013 Spring Professional Issues Update
MACPA 2013 Spring Professional Issues Update
 
Get unstuck and grow
Get unstuck and grow  Get unstuck and grow
Get unstuck and grow
 
Intuit's - Investor Day 2014 Presentation
Intuit's - Investor Day 2014 PresentationIntuit's - Investor Day 2014 Presentation
Intuit's - Investor Day 2014 Presentation
 
What Is Your Plan B Resume Writing
What Is Your Plan B Resume WritingWhat Is Your Plan B Resume Writing
What Is Your Plan B Resume Writing
 
Fwd50 djm updated oct 31
Fwd50 djm updated oct 31Fwd50 djm updated oct 31
Fwd50 djm updated oct 31
 
Scotland's FinTech Summit 2019
Scotland's FinTech Summit 2019Scotland's FinTech Summit 2019
Scotland's FinTech Summit 2019
 
The Implications of Digital Disruption on Boards
The Implications of Digital Disruption on BoardsThe Implications of Digital Disruption on Boards
The Implications of Digital Disruption on Boards
 
August 30 2017 ir marketing final
August 30 2017 ir marketing finalAugust 30 2017 ir marketing final
August 30 2017 ir marketing final
 
Deloitte stay ahed of the game
Deloitte stay ahed of the gameDeloitte stay ahed of the game
Deloitte stay ahed of the game
 
Deloitte stay ahed of the game
Deloitte stay ahed of the gameDeloitte stay ahed of the game
Deloitte stay ahed of the game
 

Mais de CPA.com

Impact of Accountability
Impact of AccountabilityImpact of Accountability
Impact of AccountabilityCPA.com
 
Technologies for the Digital CPA
Technologies for the Digital CPATechnologies for the Digital CPA
Technologies for the Digital CPACPA.com
 
2016 Digital CPA Update
2016 Digital CPA Update2016 Digital CPA Update
2016 Digital CPA UpdateCPA.com
 
Will Your Firm Thrive or Just Survive? The Critical Competency for Today’s Pr...
Will Your Firm Thrive or Just Survive? The Critical Competency for Today’s Pr...Will Your Firm Thrive or Just Survive? The Critical Competency for Today’s Pr...
Will Your Firm Thrive or Just Survive? The Critical Competency for Today’s Pr...CPA.com
 
Sales and Use Tax: What your Firm Needs to Know
Sales and Use Tax: What your Firm Needs to KnowSales and Use Tax: What your Firm Needs to Know
Sales and Use Tax: What your Firm Needs to KnowCPA.com
 
RIVIO Clerainghouse Overview
RIVIO Clerainghouse OverviewRIVIO Clerainghouse Overview
RIVIO Clerainghouse OverviewCPA.com
 
Uncover outsourced accounting opportunities during tax season
Uncover outsourced accounting opportunities during tax seasonUncover outsourced accounting opportunities during tax season
Uncover outsourced accounting opportunities during tax seasonCPA.com
 
Select, Specialize, Succeed: Marketing Your Vertical Niche
Select, Specialize, Succeed: Marketing Your Vertical NicheSelect, Specialize, Succeed: Marketing Your Vertical Niche
Select, Specialize, Succeed: Marketing Your Vertical NicheCPA.com
 
Overcoming roadblocks in creating a next generation accounting practice
Overcoming roadblocks in creating a next generation accounting practiceOvercoming roadblocks in creating a next generation accounting practice
Overcoming roadblocks in creating a next generation accounting practiceCPA.com
 
How to Take the First Steps to a Lucrative Virtual CFO Business Model
How to Take the First Steps to a Lucrative Virtual CFO Business ModelHow to Take the First Steps to a Lucrative Virtual CFO Business Model
How to Take the First Steps to a Lucrative Virtual CFO Business ModelCPA.com
 

Mais de CPA.com (10)

Impact of Accountability
Impact of AccountabilityImpact of Accountability
Impact of Accountability
 
Technologies for the Digital CPA
Technologies for the Digital CPATechnologies for the Digital CPA
Technologies for the Digital CPA
 
2016 Digital CPA Update
2016 Digital CPA Update2016 Digital CPA Update
2016 Digital CPA Update
 
Will Your Firm Thrive or Just Survive? The Critical Competency for Today’s Pr...
Will Your Firm Thrive or Just Survive? The Critical Competency for Today’s Pr...Will Your Firm Thrive or Just Survive? The Critical Competency for Today’s Pr...
Will Your Firm Thrive or Just Survive? The Critical Competency for Today’s Pr...
 
Sales and Use Tax: What your Firm Needs to Know
Sales and Use Tax: What your Firm Needs to KnowSales and Use Tax: What your Firm Needs to Know
Sales and Use Tax: What your Firm Needs to Know
 
RIVIO Clerainghouse Overview
RIVIO Clerainghouse OverviewRIVIO Clerainghouse Overview
RIVIO Clerainghouse Overview
 
Uncover outsourced accounting opportunities during tax season
Uncover outsourced accounting opportunities during tax seasonUncover outsourced accounting opportunities during tax season
Uncover outsourced accounting opportunities during tax season
 
Select, Specialize, Succeed: Marketing Your Vertical Niche
Select, Specialize, Succeed: Marketing Your Vertical NicheSelect, Specialize, Succeed: Marketing Your Vertical Niche
Select, Specialize, Succeed: Marketing Your Vertical Niche
 
Overcoming roadblocks in creating a next generation accounting practice
Overcoming roadblocks in creating a next generation accounting practiceOvercoming roadblocks in creating a next generation accounting practice
Overcoming roadblocks in creating a next generation accounting practice
 
How to Take the First Steps to a Lucrative Virtual CFO Business Model
How to Take the First Steps to a Lucrative Virtual CFO Business ModelHow to Take the First Steps to a Lucrative Virtual CFO Business Model
How to Take the First Steps to a Lucrative Virtual CFO Business Model
 

Último

Developing Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursDeveloping Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursKaiNexus
 
Building Your Personal Brand on LinkedIn - Expert Planet- 2024
 Building Your Personal Brand on LinkedIn - Expert Planet-  2024 Building Your Personal Brand on LinkedIn - Expert Planet-  2024
Building Your Personal Brand on LinkedIn - Expert Planet- 2024Stephan Koning
 
Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Lviv Startup Club
 
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfPDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfHajeJanKamps
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access
 
MoneyBridge Pitch Deck - Investor Presentation
MoneyBridge Pitch Deck - Investor PresentationMoneyBridge Pitch Deck - Investor Presentation
MoneyBridge Pitch Deck - Investor Presentationbaron83
 
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John MeulemansBCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John MeulemansBBPMedia1
 
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxCracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxWorkforce Group
 
Data skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsData skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsyasinnathani
 
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdfTalent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdfCharles Cotter, PhD
 
Fabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and FestivalsFabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and FestivalsWristbands Ireland
 
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...IMARC Group
 
Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Winbusinessin
 
To Create Your Own Wig Online To Create Your Own Wig Online
To Create Your Own Wig Online  To Create Your Own Wig OnlineTo Create Your Own Wig Online  To Create Your Own Wig Online
To Create Your Own Wig Online To Create Your Own Wig Onlinelng ths
 
7movierulz.uk
7movierulz.uk7movierulz.uk
7movierulz.ukaroemirsr
 
Upgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsUpgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsIntellect Design Arena Ltd
 
Slicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinSlicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinAnton Skornyakov
 
Mihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZMihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZKanakChauhan5
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access
 

Último (20)

Developing Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, OursDeveloping Coaching Skills: Mine, Yours, Ours
Developing Coaching Skills: Mine, Yours, Ours
 
Building Your Personal Brand on LinkedIn - Expert Planet- 2024
 Building Your Personal Brand on LinkedIn - Expert Planet-  2024 Building Your Personal Brand on LinkedIn - Expert Planet-  2024
Building Your Personal Brand on LinkedIn - Expert Planet- 2024
 
Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)Michael Vidyakin: Introduction to PMO (UA)
Michael Vidyakin: Introduction to PMO (UA)
 
WAM Corporate Presentation Mar 25 2024.pdf
WAM Corporate Presentation Mar 25 2024.pdfWAM Corporate Presentation Mar 25 2024.pdf
WAM Corporate Presentation Mar 25 2024.pdf
 
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdfPDT 89 - $1.4M - Seed - Plantee Innovations.pdf
PDT 89 - $1.4M - Seed - Plantee Innovations.pdf
 
Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024Borderless Access - Global Panel book-unlock 2024
Borderless Access - Global Panel book-unlock 2024
 
MoneyBridge Pitch Deck - Investor Presentation
MoneyBridge Pitch Deck - Investor PresentationMoneyBridge Pitch Deck - Investor Presentation
MoneyBridge Pitch Deck - Investor Presentation
 
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John MeulemansBCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
BCE24 | Virtual Brand Ambassadors: Making Brands Personal - John Meulemans
 
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptxCracking the ‘Business Process Outsourcing’ Code Main.pptx
Cracking the ‘Business Process Outsourcing’ Code Main.pptx
 
Data skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story pointsData skills for Agile Teams- Killing story points
Data skills for Agile Teams- Killing story points
 
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdfTalent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
Talent Management research intelligence_13 paradigm shifts_20 March 2024.pdf
 
Fabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and FestivalsFabric RFID Wristbands in Ireland for Events and Festivals
Fabric RFID Wristbands in Ireland for Events and Festivals
 
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...
Boat Trailers Market PPT: Growth, Outlook, Demand, Keyplayer Analysis and Opp...
 
Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024Ethical stalking by Mark Williams. UpliftLive 2024
Ethical stalking by Mark Williams. UpliftLive 2024
 
To Create Your Own Wig Online To Create Your Own Wig Online
To Create Your Own Wig Online  To Create Your Own Wig OnlineTo Create Your Own Wig Online  To Create Your Own Wig Online
To Create Your Own Wig Online To Create Your Own Wig Online
 
7movierulz.uk
7movierulz.uk7movierulz.uk
7movierulz.uk
 
Upgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking ApplicationsUpgrade Your Banking Experience with Advanced Core Banking Applications
Upgrade Your Banking Experience with Advanced Core Banking Applications
 
Slicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup BerlinSlicing Work on Business Agility Meetup Berlin
Slicing Work on Business Agility Meetup Berlin
 
Mihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZMihir Menda - Member of Supervisory Board at RMZ
Mihir Menda - Member of Supervisory Board at RMZ
 
Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024Borderless Access - Global B2B Panel book-unlock 2024
Borderless Access - Global B2B Panel book-unlock 2024
 

The future ready cpa are you ready for the challenge - PICPA Leadership Conference

  • 2. Samantha Mansfield Director Corporate Communications, CPA.com • 15+ years of experience in tax and accounting technology industry • Consultant on workflow and web implementations • Designed and built educational events for practice development • 2015 CPA Practice Advisor “40 Under 40”
  • 3. Agenda Start with Strategy Disruption & CPA’s Internet of Things How to Identify Disruptive Technology 3
  • 5. Harness the Power - Moore Start with Why - Sinik The Big Switch – Carr Future Smart - Canton The Foundation WHAT? WHY? WHERE? WHEN?
  • 7. 7
  • 8. 8
  • 9. 9
  • 10. 10
  • 12. The Path Forward: CPA’s 1. Understand emerging innovation faster 2. Create a competitive talent strategy 3. Embrace globalization opportunities 4. Get in synch with the marketplace trends that will shape future markets
  • 14. Templosion “the implosion of everything into compressed time” Tem·plo·sion [Tem-sploh-zhuhn] Noun
  • 15. “It’s a Templosion” “I like Tom Hood’s VUCA term to define the paradox. ‘Rapid, short-term change and long-term leadership ideas and goals simply don’t mesh well.’” - Hubert Glover, Author: The Making of the Twenty-First-Century Leader “It’s a VUCA world – Volatile, Uncertain, Complex, and Ambiguous … the answer to rapid changes and hyper-competition is a bold vision and core value’s; maintaining values that don’t change while constantly re-inventing the shorter term strategy.” - Tom Hood, CPA.CITP, President & CEO, Maryland CPA Society
  • 16. “It's tough to make predictions, especially about the future.” A Note On Predictions - Yogi Berra
  • 17. Our Near Term View is Always Unclear “Inside the Tornado” “Tipping Point” “Crossing the Chasm”
  • 19. Disintermediation Removing the middleman -- a popular buzzword used to describe how Internet-based businesses are using cloud and mobile technologies to reach customers. These companies provide products and services cheaper and faster. These technologies are revolutionizing the way products and services are bought and sold, and disintermediation is the driving force behind this revolution.
  • 20. The Latest In Disintermediation
  • 21. “It’s a VUCA world – Volatile, Uncertain, Complex, and Ambiguous … the answer to rapid changes and hyper-competition is a bold vision and core value’s; maintaining values that don’t change while constantly re-inventing the shorter term strategy.” - Tom Hood, CPA.CITP, President & CEO, Maryland CPA Society 21
  • 24. 24
  • 26. Channels Hundreds of channels!
  • 28. Actions This recipe uses the geo-location function of my smart phone to record every visit to the gym.
  • 29. Subject Body Attachment Received Date Sender Pieces of Data From a Trigger = Ingredients For example, the ingredients of an email trigger could be: Ingredients
  • 30. 10 Interesting Uses 1. Monitor you or your competitors’ TripAdvisor (or Yelp, etc.) reviews 2. Mute your phone when you have a meeting on your calendar 3. Your phone switches to vibrate when you walk into your office building 4. Record on your calendar or spreadsheet when you get to and leave work 5. Text your wife/husband when you leave work 6. Get an alert when your (or your clients’) website goes down 7. Receive a text when someone comments on your website 8. Get an alert when a certain person or certain people email you 9. Flash your lights when it rains 10.Wish customers/colleagues a Happy Birthday on Facebook
  • 31. What are the Possibilities when IoT Combines with Cloud-based Accounting?
  • 32. Peer Lending Technology Is the Easy Part • Technology Executives • Loans being funded @ > $250M / month • Interest paid to investors: ~$500M to date • Investment bankers • True “crowd-sourced” loan funding • Technology & baking • Direct ties to cloud-based accounting platforms • Non-Profit • > 1 million lenders • > $500,000,000 in loans / 99.01% Repayment rate • Friends and Family • Regulation and litigation • Prosper (Wells Fargo execs) • >$1 billion in loan originations to date
  • 33. Crowdfunding Grows Up 2012’s JOBS Act, allows companies to raise up to $1 million in a 12-month period From “accredited investors” o Income over $200,000 (single) or $300,000 (joint) per year o or net worth over $1 million o An executive or director of the company Under $100,000 requires two years of financial statements, certified by the principal executive, and its most recent tax return. From $100,000 to $500,000 the statements must be reviewed by a CPA. Over $500,000 must have audited statements
  • 34. What It Means • Role of Banks? • Role of CPAs as Credit Advisors? • Financial Statements? • Benchmarking and analysis? • Personal investments?
  • 37. 8 Strong Indicators 1. Ratio of expenditures -- Legal to Tech 2. Governmental involvement 3. Excessive resistance --- mockery 4. Generational differentiation 5. Huge efficiencies 6. Protectionism 7. First or early mover(s) soon copied by others 8. Who benefits?
  • 38. So What Changes After Uber as an Example? 1. Technology enables massive competition 2. Centralized regulation disappears 3. Fewer cars? 4. Fewer parking lots 5. Less congestion 6. Better safety 7. More productive time 8. Cost of trucking falls – logistics become cheaper 9. Fewer hotels? 10. Fewer full time jobs / more part time? 11. On demand delivery becomes standard – fewer bicycle messengers 12. Surge availability
  • 39. Discussion What are examples of templosion impacting the accounting profession? IoT recipe applicable in accounting profession? How has disintermediation begun to impact the profession of accounting? 40
  • 40. Summary The Fast Future Templosion Recognizing Disruptive Technologies Significant Areas of Change Think of how this will better prepare your business for success
  • 41. Resources CPA of the Future Study o www.CPA.com/Future-Ready-CPA Templosion 10 Part series from AICPA o http://www.smartbrief.com/s/2013/08/templosions-impact-competition Journal of Accountancy – “Expanding Your App-titude” column Accounting Today – “App of the Week” column “Accounting Services - Harnessing the Power of the Cloud” o Dr. Geoffrey Moore o http://www.cpa.com/whitepapers/accounting-services-harness-power-cloud 42