CPA 2.0The Future of the Accounting Profession

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Tweets Welcome! @GriffithsCPA

Fenway Park

How long before everyone drowns?

How much warning will fans have?

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We live in exponential times

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Moore’s LawProcessor S

peed

Time

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Changing Business Models

What is a Business Model?

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Business Model Canvas

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Not Just Tweaks, but Wholesale Changes in the Value Proposition

Historical Value Proposition Convenience“Thank you for remembering when my taxes are due and reading all of those new accounting pronouncements so that I don’t have to.”

Future Value Proposition

Enterprise Value“Thank you for playing a vital role in driving business performance and enterprise value.”

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Diversification in accounting firms

Source: AICPA Trends survey

New hires at accounting firms 2007

41,508

201253,092

13%

24%

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Aging Workforce

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Technological Changes

Cloud computing trends

Source: Sage North America

of small businesses are demanding cloud-based computing

61%

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Technology adoption remains slow

of firms are using online or cloud solutions to collaborate and share accounting information with their clients

10%

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A Case Study in New Software Adoption

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Regulation200266 Pages

20102,319 Pages

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New Competencies

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Organizational Structures

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Just How Important is Strategic Thinking?Study of 60,000 leaders:

“We found that a strategic approach to leadership was, on average, 10 times more important to the perception of effectiveness than other behaviors studied.”

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A Picture is Worth a Thousand Words . . .

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In Case You were wondering, this is not a picture . . .

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Business Model Canvas Exercise

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Let’s ConnectDan Griffiths is the Director of Strategic Planning at Tanner, a CPA firm based in Salt Lake City. He provides strategic and business planning, business coaching, and leadership development. Contact Dan at: dgriffiths@tannerco.comOr connect with him on LinkedIn: www.linkedin.com/in/dangriffithscpa

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