Podcast appearances and mentions of tom hood

It's time to abandon outdated models and rethink everything.Accounting Influencerswith Rob BrownThe accounting profession is standing at a critical juncture. In a powerhouse panel for the Accounting Influencers Podcast, three industry leaders—David Osborne, CEO of Conga and former Caseware chief; Tom Hood, EVP of Business Engagement and Growth at the AICPA; and Katie Thomas, owner and founder of Leaders Online—called for a radical reimagining of how the profession recruits, retains, and empowers talent.More Rob BrownHood doesn't mince words. “Technology has always been the biggest driver of change in our profession,” he says, pointing to generative AI as both a threat and a massive opportunity. Yet, he warns, “We're hearing parents tell students not to go into accounting because it's going away. I actually happen to think the exact opposite.”Hood also zeroes in on what he calls the “moose in the room”-- the profession's leaky talent pipeline. “Pay has not kept up, and we keep talking to students about how hard accounting is. That culture doesn't resonate with this generation.”

Last week in San Diego, a group of 165 finance leaders convened for the fourth Future of Finance Summit. This JofA podcast episode is a compilation of takeaways from the event and a look at key areas of focus for leaders in 2025. It is the first of several Future of Finance recordings. The speakers for this episode are: n  Tom Hood, CPA/CITP, CGMA, AICPA & CIMA's executive vice president–Business Growth & Engagement n  Kimberly Ellison-Taylor, CPA, CGMA, the CEO of KET Solutions and former AICPA chair n  Becca Shane, CPA, CGMA, the CFO of Blue Marlin Ventures n  Okorie Ramsey, CPA, CGMA, vice president–Sarbanes Oxley at Kaiser Permanente and former AICPA and Association of International Certified Professional Accountants chair What you'll learn from this episode: ·         More about Tom Hood's summation that the event "leveled up." ·         The top priorities of finance leaders, based on polling last week at the Future of Finance Summit. ·         Why Kimberly Ellison-Taylor says she's looking forward to “clarity” in 2025. ·         Why the phrase “feed forward” and an emphasis on positivity resonated with CFO Becca Shane. ·         Okorie Ramsey's focus on the talent pipeline and relevance. ·         His explanation of the profession's need to “tell a better story.”

We can think of ethics as the principles that guide our behavior toward making the best choices that contribute to the common good of all. Who decides what's ethical or not? Let's find out from our guest Tom Hood, Executive Director, Mississippi Ethics Commission.What do they do? The Mississippi Ethics Commission has four main areas of authority under four separate laws:The Ethics in Government Law – prohibits public officials and employees from having economic conflicts of interest.The Open Meetings Act – requires governmental boards and commissions to meet in public, unless they enter executive session by following a specific procedure for limited reasons.The Public Records Act – ensures the public can inspect and copy most government documents.The Campaign Finance Law – authorizes the Ethics Commission to issue advisory opinions to candidates about the use of campaign funds.What do they Don't DoUnethical Personal Conduct Criminal Activity ElectionsJudgesGeneral Questions of Government LawLawyer EthicsU.S. House Ethics Committee Chairperson is our own Rep. Michael Guest, R-Miss., The Ethics Committees are unique among all House and Senate committees in that they are bipartisan committees. On February 3, 1993, the Standards of Ethical Conduct for Employees of the Executive Branch, issued by the Office of Government Ethics for codification at 5 C.F.R. Part 2635, replaced the many individual agency standard of conduct regulations with a uniform set of standards applicable to all employees of the executive branch.Because they are intended to answer questions about the ethical conduct of more than a million individuals employed by more than 100 different Federal agencies, the Standards of Ethical Conduct are detailed. Hosted on Acast. See acast.com/privacy for more information.

Tom Hood, CPA/CITP, CGMA, executive vice president–Business Growth and Engagement at AICPA & CIMA, understands why accounting skills are often ranked outside the top five of key skills in informal polling of finance audiences. “It's not because they're less important, but because the other skills are more important,” Hood said. The core requirements remain, but the ability to adapt and add new skills has grown in importance with the pace of transformation accelerating. In this episode of the JofA podcast, Hood expands on some recent themes of his travels and what he looks forward to from the Future of Finance Summit in December. What you'll learn from this episode: ·         Why mindset is more important in transformation than the toolset of technology. ·         Details of a recent report about skills from the Pennsylvania Institute of CPAs. ·         The skills that rank ahead of the “table stakes” of technical accounting skills. ·         Why it's important to “grab these new skills.” ·         The new way that Future of Finance Summit attendees will get a summary of the event.

Gear Up for GrowthWith Jean CaragherCapstone MarketingInvesting in learning and development is essential for retaining and attracting staff. Developing a curriculum that includes both technical and success skills can help firms address the current talent shortage and prepare their employees for higher-value roles.  Complete show notes here More CPA Trendlines podcasts here More Jean Caragher here More Gear Up for Growth More Capstone Conversations "We're going to see automation making a big impact on our staff in the near term,” says Tom Hood, CPA, CGMA, CITP, executive vice president of business engagement and growth, AICPA, appearing on Gear Up for Growth, a new show hosted by Jean Caragher, president, Capstone Marketing, and powered by CPA Trendlines. “Identify the critical competencies you need for each practice area in your firm,” says Hood. “Then, as tax gets automated, for example, your tax people are going to have to move up the value chain into planning. That's a natural progression. Another example is the fastest-growing practice area, client advisory services, or CAS, and that's going to be more automated. So, the emphasis is on those higher-level consulting skills like collaboration, curiosity, strategic and critical thinking.” “You want to make sure that your CPAs are doing the level of work that's the highest and best use of their capabilities,” adds Hood. Other highlights include:  The first step for a CPA firm to create a learning culture. How to use your people in the right roles. The role learning can play in finding and keeping staff. Why storytelling is an increasingly important skill for accountants. Who is the best person within a firm to lead a learning initiative? 

Gear Up for GrowthWith Jean CaragherFor CPA Trendlines“More than half of the CPA firms in the country won't qualify to be part of private equity,” says Allan Koltin, CEO of Koltin Consulting, appearing on Gear Up for Growth, a new show hosted by Jean Caragher, president of Capstone Marketing, and powered by CPA Trendlines.  Follow Jean Caragher on CPA Trendlines here. Get her best-selling handbook, The 90-Day Marketing Plan for CPA Firms, here And catch Jean Caragher's other show, Gear Up for Growth, with today's biggest newsmakers, also available on CPA Trendlines Part of the discussion explores the criteria private equity companies look for and the challenges firms may face in qualifying for PE funding. Koltin believes that more than half of the CPA firms in the country don't make enough excess profitability to create earnings before interest, taxes, depreciation, and amortization (EBITDA) to calculate an acceptable enterprise value. “Leaders of these firms tell me they'll go back and get more profitable,” says Koltin. “How's about, let's stay as an independent firm. Let's put a level of governance in. Let's make the tough decisions we've been talking about forever, and let's really run it like a business. Let's not be a 501(c)(3) anymore. Let's just pretend we're in business to make money.” Other highlights include:  Learn how revenue size impacts a firm's ability to remain independent.  Find out about Allan Koltin's three T's – talent, technology, and transformation – and the fourth T that sparks worry.  Discover how EBITDA is an obstacle for many firms in obtaining investment and what to do about it.  Understand the role firm growth plays in attracting and retaining talent.  Learn how firms not receiving PE funding can compete with those who are.  At Capstone Marketing, Jean Caragher gets things done. With over 35 years of experience working solely with CPAs, Jean knows the challenges and opportunities firms face today. Her experience and knowledge and her practical approach help growth-focused CPA firms attract the best clients and talent. A well-respected industry specialist, Jean is an inaugural AAM Hall of Fame inductee, a multiple AAM-MAA award winner, and a CPA Practice Advisor Thought Leader. She has been named one of Accounting Today's 100 Most Influential People twice.  Gear Up for Growth is tailored specifically for public accounting firms with up to 100 team members looking to expand their practices intelligently and efficiently. Each episode focuses on a topic crucial for accounting firms aiming for smart growth in today's competitive landscape. Upcoming episodes of Gear Up for Growth will feature more of the profession's brightest luminaries, including: Mark Koziel from Allinial Global on new business models for CPA firms, Tom Hood from the AICPA on the connection between recruiting and retaining the best talent with an environment of supportive learning, Joey Havens from Horne CPAs on the role culture plays in firm growth, and  Jen Wilson from ConvergenceCoaching on top-shelf people practices.

This week's show notes are written by Microsoft CoPilot. What does the future of accounting and finance look like? How can you leverage technology, especially generative AI, to take your career to the next level? Join Paul Barnhurst and Glenn Hopper as they explore these questions and more with Tom Hood, a renowned leader and innovator in the accounting profession.Tom Hood is the EVP of Business Engagement and Growth at the Association of International Certified Professional Accountants. He has been a pioneer in integrating technology into finance for over 24 years, and he shares his insights and advice on how you can do the same. In this episode, you will discover:How technology is reshaping the accounting and finance industry and what it means for you. How to start using generative AI today to automate tasks, generate insights, and create value.How to overcome the fear of failure and embrace risk-taking as a way to learn and grow.How generative AI will become more sophisticated and powerful in the near future and what you need to prepare for it.How to communicate effectively with your stakeholders and clients in the age of AI.Don't miss this opportunity to learn from one of the most influential voices in the accounting profession. Listen to this episode and find out how you can harness the power of technology and generative AI to transform your career and the future of finance.Follow Tom:LinkedIn: https://www.linkedin.com/in/tomhood/Company: https://blionline.org/Blog: http://blionline.org/blogAICPA & CIMA: http://www.cgma.org/Join hosts Glenn and Paul as they unravel the complexities of AI in finance:Follow Glenn:LinkedIn: https://www.linkedin.com/in/gbhopperiiiFollow Paul:LinkedIn: https://www.linkedin.com/in/thefpandaguyFollow QFlow.AI:Website - https://qflow.ai/future-financeFuture Finance is sponsored by QFlow.ai, the strategic finance platform solving the toughest part of planning and analysis: B2B revenue. Align sales, marketing, and finance, speed up decision-making, and lock in accountability with QFlow.ai. Stay tuned for a deeper understanding of how AI is shaping the future of finance and what it means for businesses and individuals alike.In Today's Episode:[01:38] - Latest AI developments and their impact on the finance industry[11:40] - Introduction to the episode and guest Tom Hood[12:58] - The intersection of technology and accounting[17:03] - Practical benefits and risks of generative AI in finance[21:03] - The future of generative AI in finance[30:28] - Advice for aspiring accountants[32:50] - Fun segment: get to know Tom Hood[36:55] - Conclusion and final thoughts

Paul and Mo go LIVE from Carlsbad, CA during the Thomson Reuters annual Advisory Symposium, interacting with a live audience for the first time, and bringing them an exciting conversation with Tom Hood, CPA, CITP, CGMA. Tom is currently the EVP Business Growth & Engagement for AICPA-CIMA and the Business Learning Institute. He was named in the top three most influential people in accounting by Accounting Today Magazine for the eleventh year. His focus is elevating and accelerating the role of CPAs and CGMAs in corporate and management accounting.

Paul and Mo go LIVE from Carlsbad, CA during the Thomson Reuters annual Advisory Symposium, interacting with a live audience for the first time, and bringing them an exciting conversation with Tom Hood, CPA, CITP, CGMA. Tom is currently the EVP Business Growth & Engagement for AICPA-CIMA and the Business Learning Institute. He was named in the top three most influential people in accounting by Accounting Today Magazine for the eleventh year. His focus is elevating and accelerating the role of CPAs and CGMAs in corporate and management accounting.

Is the accounting profession facing extinction or evolution? What does the future hold for accountants in a world of AI and rapid technological change?Rob Brown engages in a lively discussion with industry experts David Osborne, Katie Thomas, and Tom Hood about the current state and future of the accounting profession. The panel share their thoughts about the challenges that accountants are facing today, including talent shortages, technological disruption, and changing client expectations.The conversation covers a wide range of topics, from the impact of AI and cloud technology on accounting practices to the need for a cultural shift in how firms treat their employees. The experts share insights on attracting and retaining talent, the importance of embracing change, and why, despite challenges, this is an exciting time to be in the accounting profession. They also discuss the role of marketing, the evolution of accounting education, and the need to rebrand the profession to appeal to a new generation of professionals.Key Takeaways:✓ AI and technology are not threats but tools to enhance accounting practices ✓ The talent pipeline issue is complex, involving culture, pay, and industry perception ✓ Firms need to adapt their business models and culture to attract and retain talent✓ Marketing is essential for attracting better clients and staying relevant in a changing market ✓ The accounting profession is undergoing a transformative period, offering exciting opportunities for those who embrace change Quotes:"Human capital is an asset, not an expense." - Tom Hood"We're not tied to a physical location. We have tools and resources that allow us to work from wherever." - Katie ThomasView this episode in video on YouTube here: https://youtu.be/dOQqmlHZsLI◣━━━━━━━━━━━━━━━━━━━━◢The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers. Thanks to our sponsors:ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.comACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.ukIf you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore. https://www.linkedin.com/in/therobbrownYou can also check out all shows on the Accounting Influencers YouTube Channel:https://bit.ly/AI-youtube

Welcome back to Thrivecast, where we dive deep into the mechanics of running a firm and the trends shaping the professional landscape. In today's episode, we're excited to have Tom Hood, EVP of the AICPA and Business Learning Institute, join us to unravel the complexities surrounding the CPA profession. We tackle the hotly debated 150-hour rule for CPA exam eligibility and discuss its ten-year journey to legislative reality. As we navigate the impacts of this requirement on professional mobility and the talent pipeline, Tom sheds light on the formation of the National Pipeline Advisory Group (NPEG) by the AICPA, aiming to align the accounting world amidst varying state regulations. Our discussion leads into concerns over the profession's outlook, from legislative challenges affecting mobility to the potential risks of an anti-licensing movement. But it's not all hurdles and high jumps; the silver lining reveals itself as we dissect the necessity for CPAs to find balance – charging fair prices, avoiding burnout, and staying ahead of technology, including AI, to thrive in their roles. Tom reminds us of the importance of asserting value and provides insights on maintaining professional standards while nurturing work-life harmony. His insight will leave you pondering on the vision of a profession empowered by AI, a discipline that continues to demand the brightest minds to innovate and evolve. So, tune in, as we reflect on these pressing issues, explore the necessary legislative landscapes, and ultimately, chart a course for a hopeful future in accounting. Talent Pipeline & Survey – National Pipeline Advisory Group https://www.accountingpipeline.org/participate/ Future of Finance – Forbes article – fits CAS Practices CFO Ongoing Evolution: From “CF-No” To “CF-Know” https://www.forbes.com/sites/forbesfinancecouncil/2023/08/23/cfo-ongoing-evolution-from-cf-no-to-cf-know/?sh=57ddf2aa2acc

Tom Hood, CPA/CITP, CGMA, executive vice president–Business Growth and Engagement at AICPA & CIMA, together as the Association of International Certified Professional Accountants, has his finger on the pulse of the profession. He's traveled all over, talking to everyone from corporate CFOs to newly minted accountants and accounting apprentices, and he's sharing some of the insights gained from those discussions on this episode of the JofA podcast. Hood, who has been in his current role for three years after a long stint as CEO of the Maryland Association of CPAs, takes time to reflect on his move to the “global stage,” to explain the issues that most concern finance leaders, and to detail an early apprenticeship success story. What you'll learn from this episode: ·         Hood's reflection on three years in an AICPA & CIMA executive role. ·         The “pre-Internet” computer technology Hood's company used when he was a CFO. ·         One example of how the power of peers has built the Future of Finance Leadership Advisory Group. ·         Why the story one bank's apprentice provides hope in addressing the accounting talent pipeline drought. ·         The top-of-mind issues for finance leaders for this year and into 2025.

This week on the Expert Voices podcast, Randy Wootton, CEO of Maxio, speaks with Tom Hood. Tom shares the myriad of challenges he's faced, victories achieved, and lessons learned throughout his career, which currently has him at the helm of AICPA's digital engagement and growth initiatives. Randy and Tom discuss the CPA Vision Project from 1999, which laid the groundwork for the accounting profession's future vision. This forward-thinking project has lasted well into the present, influencing the 2025 report and shaping the CPA's role in today's rapidly changing technological landscape. Listen this week as they touch on the breadth of opportunities that technology brings to the accounting field, the importance of adaptive learning, and the AICPA's role in upholding professional standards across the globe. Quotes“On top of our technical skills, CPAs and accountants have to have technical accounting skills. We have to have some data literacy and an understanding of technology. So there are deep technical skills that come with an accounting or finance degree. But across the top, we need what we call boundary-crossing competencies. Leadership and sense-making, anticipating and serving evolving needs, and synthesizing critical strategic thinking. The other one would be communication, storytelling, integration, and collaboration. And then you can add agility.” -Tom Hood [39:00]“Now you have access to incredible algorithms at large language. Also, it's generative versus predictive. But second gen and I think you're right, this idea of a fifth industrial revolution, in terms of how we think about engaging with augmented intelligence across every function of my company, we're talking about it, and I think for accounting in particular, it's going to be radically changed, and it's going to bump up against that natural tendency of accountants to not want to embrace technology.” -Randy Wootton [33:38]Expert Takeaways The CPA Vision Project catalyzed the accounting profession's future-oriented transformation, emphasizing the need for continued evolution and adoption of technology.The AICPA, in partnership with CIMA, is driving global standards in accounting, supporting 690,000 members in around 180 countries.The CGMA designation is a strategic credential for accountants that aligns closely with the needs of CFOs to embrace broader business strategy roles.Tom Hood stresses the significance of technologically savvy CFOs, particularly as industries face the dawn of the fifth industrial revolution characterized by generative AI advancements.CPA educational resources and certifications are crucial in preparing finance professionals for their evolving roles in strategy, risk management, and financial leadership.Timestamps(01:31) Importance of building a tribe and networking for professional growth(07:52) Trends that drove the CPA Vision Project and the impact of technology (14:02) Technology can do a lot of the work for us if we let it(19:11) The future CFO role is shifting from back office to front office, focusing on strategy(22:43) CPAs and CGMAs have continuing education requirements to stay current(27:26) The top issues in finance: digital transformation, Gen AI, and new skills(28:30) CFOs leading Gen AI initiatives due to their data knowledge and strategic role(35:16) Educating finance professionals on Gen AI and implementing it within organizations(36:32) Relationship-building and emotional intelligence (39:07) The importance of boundary-crossing competencies in accounting and finance(40:31) Inflection points in a career and the need for different skills at each

This can't-miss episode is your chance to hear from one of the profession's most influential leaders, Tom Hood, Executive Vice President, Business Growth & Engagement at AICPA® & CIMA®. Tom is one of the most respected thought leaders. He has been named the Second-Most Influential Person in Accounting since 2011 by Accounting Today magazine and, in 2015, was one of the first five thought leaders inducted into the Accounting Hall of Fame. You'll hear insights on the future of accounting, essential skills required to thrive in the digital age, the significance of continuous learning and professional development and strategies for a successful career. Share with your peers and subscribe to the CGMA Success Stories podcast today. If you're interested in how the CGMA designation can help make a worldwide impact, this episode is for you! And members, don't forget we have career enhancing courses, blogs, webcasts and more, empowering you to remain individually competitive within accounting, finance and business so have a look around aicpa-cima.com Check out hub.cimaglobal.com for exclusive study resources, expert tips, and exam preparation materials. If you can take 2 mins to fill out a survey we'd love your feedback. RESOURCES Check out hub.cimaglobal.com for exclusive study resources, expert tips, and exam preparation materials. Visit aicpa-cima.com to uncover your possibilities. CONNECTIONS UK-based podcast host Tania Maggiolo Guest interviewer Tim Mahne Guest interviewer based in US Tom Hood

We're taking a break for Christmas, but get ready for an exciting lineup of guest speakers in 2024! To kick off the new year on January 10, 2024, our first interview will showcase Tom Hood, Vice President of Business, Growth & Engagement at AICPA & CIMA. Merry Christmas and a happy new year! RESOURCES Check out hub.cimaglobal.com for exclusive study resources, expert tips, and exam preparation materials. Visit aicpa-cima.com to uncover your possibilities.

The JofA podcast took a road trip last week to the Future of Finance Summit, catching up with several leaders on highlights from the event and reflections on its growth since the first event in Nashville, Tenn., in 2021. Tom Hood, CPA/CITP, CGMA, executive vice president–Business Growth and Engagement at AICPA & CIMA, leads off this compilation episode, sharing a favorite quote and how it applies to the summit's themes. He and other speakers explain how a growing community of leaders is applying the knowledge of the crowd to guide their organizations in transformative times. Other speakers in this episode: n  Carrie Kruse, CPA, CGMA, economic development administrator for the city of Des Moines, Iowa; n  Scott Spiegel, CPA, CGMA, COO for AICPA & CIMA; and n  Kelly Lorenz, AICPA & CIMA's associate director–Business Growth and Engagement.  The episode is the first of several that will focus on Future of Finance speakers and sessions, so be on the lookout for more, starting Thursday and continuing into 2024. What you'll learn from this episode: ·         Hood's summary of the event's growth over the years. ·         Why Cruse considers the event the “top professional development opportunity of the year.” ·         The reasons Spiegel is more energized now about a new finance apprenticeship program. ·         Why the summit's idea-sharing has been a “gold mine of opportunity” for finance leaders, according to Lorenz.

In this CGMA Success Stories Podcast episode, we talk to experts about the Finance and the Great Reshuffle and how to address the talent shortage. You'll hear about key trends driving Finance and the great reshuffle, how to attract and retain top talent, strategies for developing a more inclusive and equitable workplace and more. Join thought leaders in navigating the social and professional framework with reliable insights about the Great Reshuffle. You'll be able to demonstrate your knowledge of current global issues that affect the clients or organisations you serve. Hear from Tom Hood, CPA/CITP, CGMA, Executive Vice President, Business Growth and Engagement, AICPA & CIMA Jakub Bejnarowicz, Regional Director, Europe, AICPA & CIMA Akis Delkis, Chief Financial Officer at Coca-Cola Hellenic Bottling Company, Zurich, Switzerland Violetta Malek, Managing Director, Gekko AdvisoryNow, Warsaw, Poland Aleksandra Stelmach-Gryszka, Director GBS Advisory, PwC, Krakow, Poland Check out hub.cimaglobal.com for exclusive study resources, expert tips, and exam preparation materials. Members, don't forget at aicpa-cima.com we have career enhancing courses, blogs, webcasts and more, empowering you to remain individually competitive within accounting, finance and business.   If you can take 2 mins to fill out a survey we'd love your feedback. RESOURCES Check out hub.cimaglobal.com for exclusive study resources, expert tips, and exam preparation materials. Visit aicpa-cima.com to uncover your possibilities. CONNECTIONS UK-based podcast host Tania Maggiolo Guest interviewer based in the USA Tom Hood Guest interviewer based in Poland Jakub Bejnarowicz Connect with our US-based show host Kristin Saenz.  

Season 5 Episode 7 FACULTY: Jody Padar CLASS: #TheGuide TITLE: The Art of Radical Conversations In this podcast episode, Scott interviews Jody Padar, also known as "The Radical CPA," who currently serves as the VP of Tax Strategy & Evangelism. The episode delves into Jody's journey from high school accounting competitions and Tax Twitter to taking over her father's firm. Introducing Jody Padar Jody in High School Early Tax Twitter Peer Group Forward Thinking Taking Over Her Father's Firm Changing Pricing Being a Mother and an Entrepreneur How Jody's Dad Helped Her Passion for Accounting The Art of Conversation Will the AICPA Stick around? CPA vs EA Next Things for Jody Shout Outs: Jason Ackerman's Dad, Nayo Carter-Gray, Jason Blummer, Jason Staats, Ron Baker, Mark Koziel, Tom Hood, Shana Chapman, Michael Hsu, Chris Farmand, Drew Carrick, Anderson Consulting, Engage, Botkeeper, Zappos, Sage, Xero, April, Monday, AICPA --- Send in a voice message: https://podcasters.spotify.com/pod/show/accountinghigh/message

Tom Hood is one of the most influential leaders in accounting. The Executive Vice President, Business Growth and Engagement, at American Institute of Certified Public Accountants (AICPA has been named the Second Most Influential Person in Accounting since 2011 by Accounting Today Magazine (only pipped to the post by AICPA CEO Barry Melancon). In giving him their award the publication cited his “legendary energy, imagination and ability to foresee the future, and focusing them specifically on management accountants, helping them reimagine “the Future of Finance.” On Linkedin  Tom has 780,000 followers and the platform recruited the accounting leader as one of their Top Voices. His passion for technological innovation in accounting has been evident since the early days of VisiCalc to Excel and ChatGPT. This combines with his rigorous enforcement against bad actors in the profession, and optimism about the future.  In this episode Tom Hood describes one of the biggest shifts in accounting as “The Great Join between accounting and FP&A”. Hood says: “We need accounting to make sure the numbers are right and to maintain our stewardship and trust. But we also need the financial viewpoint, which we saw big time in the pandemic. This is needed to reimagine what's next in the profession.” Hood also reveals his passion reflecting accounting's role as one of the most fundamental tenets of business- and wider society“Accounting is a language of business. It is a language that many people‒dare I say most people‒don't truly understand. You become the value interpreter of everything about a business.” In this episode discover:  Tom's career trajectory from to CFO at  to Maryland Association of CPAs to EVP  at the (American Institute of Certified Public Accountants (AICPA)  The merger between the AICPA and CIMA (UK-based) and the global power base this provides the accounting profession The Great Join between FP&A and Accounting  His  passion for accounting tech as continuing to revolutionize business – from the dawn of VisiCalc to ChatGPT today  His role in stamping out unethical accounting practices  The changing up the CPA Exam and what it means for you How AI has already changed the game for accountants and how companies are transforming accounting   How he got into accounting as a way of getting into the FBI and why that didn't work out  YouTube video of the episode Follow Paul Barnhurst on LinkedIn  Follow Datarails on LinkedIn

Rudy is thinking of Spring and shares a quote from Tom Hood and one from Emerson.

A good conversation with a good friend; this week I speak with Tom Hood, CPA, CGMA, CITP, founding CEO of BLI, Executive Vice President of Business Engagement & Growth for AICPA-CIMA.We talked about the trends that are impacting finance professionals, the opportunities that exist in this post pandemic world, and ideas emerging from the Future of Finance Leadership Advisory Group - a group of senior finance executives who's initial meetings resulted in a crowdsourced vision of what the future of finance looks like. Resources:Journal of Accountancy article, "The changing role of the CFO", by Anita DennisBusiness Learning Institute powered by AICPA-CIMATom Hood LinkedIn Profile

With the pace of change accelerating on numerous fronts, finance leaders are aiming to stay ahead on trends such as hybrid work, lack of talent, and other issues. A group shared ideas and hopes for the future at the Future of Finance Summit last week in Austin, Texas, and this podcast episode summarizes the key thoughts that emerged from the event. The speakers in this episode are, in order: Shifra Kolsky, CPA, CGMA, the chief accounting officer and controller at Discover Financial Services; Barry Melancon, CPA, CGMA, the CEO of AICPA & CIMA, together as the Association of International Certified Professional Accountants; Kimberly Ellison-Taylor, CPA/CITP, CGMA, the founder of KET Solutions and a former AICPA chair; and Tom Hood, CPA/CITP, CGMA, AICPA & CIMA's executive vice president–Business Engagement & Growth.

Tom Hood and The Tropical Sons joined us ahead of their show with WMNF's annual Uke it Out Fest! We talk all about the uke, where it comes from, and how tom and the Ukulele society of Tampa Bay bring joy in every strum. Check it out!

About a year ago, the AICPA announced a new route to obtaining the Chartered Global Management Accountant designation. The path is an apprenticeship program that, earlier this week, welcomed the first three companies as official partners in the program. The Registered Apprenticeship for Finance Business Partners program was part of the festivities in Chicago at the kickoff of National Apprenticeship Week. Tom Hood, CPA/CITP, CGMA, executive vice president–Business Engagement & Growth at the AICPA, is the guest on this edition of the Journal of Accountancy podcast to talk more about the program and where it's headed.

The Special Edition AICPA Town Hall: Tech Summit provides a view into the emerging technology landscape and how it's transforming public and management accounting. The broadcast features expert insights focused on innovative technology solutions across practice areas, including:   Tax automation and outsourcing CAS (client advisory services) AI-enabled solutions Emerging areas, such as digital asset management and crypto tax reporting Advancements in A&A technologies  Speakers Erik Asgeirsson, president and CEO, CPA.com Tom Hood, EVP, Business Engagement & Growth, AICPA Dave Wyle, president and CEO, SurePrep Tyler Hogge, SVP, Product, Bill.com/Divvy Kinga Bosse, CFO, Lukka Jim Bourke, managing director, Advisory Services, Withum

CPA firms and the clients they serve often view the world through a different lens. Tom Hood, the AICPA's executive vice president of business engagement and growth, recently had the rare opportunity to engage both groups. In this episode of the Small Firm Philosophy podcast, Hood explores the common challenges – and shared solutions -- that CFOs and CPA face. Resources mentioned in this episode: Top Issues Survey Business Learning Institute ENGAGE 2023 CAS 2.0 AICPA Town Hall To learn more about Tom, follow him on LinkedIn or Twitter. This episode is brought to you by the AICPA's Private Companies Practice Section (PCPS), the home of small firms. To learn more about PCPS, email pcps@aicpa.org and schedule a free webtour. Note: If your podcast app does not hyperlink to resources, visit https://aicpasmallfirm.libsyn.com to access show notes with direct links.

The role shift of the finance function was accelerated by the pandemic, and CFOs and controllers continue to adapt to provide value for their organizations. Few people have more insight on that topic than Tom Hood, CPA/CITP, CGMA, executive vice president–Business Engagement & Growth for the Association of International Certified Professional Accountants, representing AICPA & CIMA. Hood is a featured speaker on a skills-focused webinar on Thursday about the Finance Leadership Program. He also leads a group of finance executives from large organizations, and he shared insights from that group — and what it will emphasize in the future — in this podcast conversation. More information can be found on the following topics mentioned: A registration link for the webinar on Thursday. The Registered Apprenticeship for Finance Business Partners

For more than 100 years, the American Institute of Certified Public Accountants (AICPA) has led the profession through triumphs and challenges in a dynamic financial reporting and auditing environment. In recent years the AICPA has collaborated with the Chartered Institute of Management Accountants (CIMA) to continue to lead accountants globally with a focus on staying current for their members and the markets as a whole. Tom Hood, Executive Vice President for Business Growth and Engagement at the Association of International Certified Professional Accountants, joins inSecurities to talk about the history of the AICPA, today's focus on integrity and quality, and a look to the future regarding ESG, blockchain technology, and the evolution of the accounting profession as a whole. For more information on topics discussed in this episode, see the links below: https://www.aicpa.org/home https://www.aicpa-cima.com/ https://www.cimaglobal.com/ https://www.thiswaytocpa.com/ https://www.evolutionofcpa.org/

Tom Hood, Ph.D., University of Tennessee, Professor Emeritus of Sociology and Executive Officer of the Society for the Study of Social Problems (1990-2009), received his university education at Michigan State and Duke Universities. The Bachelor of Arts degree with high honors was awarded at M.S.U. in June 1960, Duke University awarded the A.M. degree in Sociology in 1964 and the Ph.D. degree in 1969. Professor Hood is a member of Phi Kappa Phi, Pi Gamma Mu, Phi Eta Sigma, and Alpha Kappa Delta and Alpha Zeta honor societies. An active researcher, Dr. Hood's funded research projects and activities in the areas of transportation and the environment have brought over $3 million dollars in external funding to the University since 1974. Currently his research and writing interests include social suffering and collective distress, the social psychology of appearance and the attribution of character, the work of Erving Goffman, environmental movements in America. His published research on the Billy Graham crusade in Knoxville and his work on the social psychology of experiments has been reprinted and widely cited. Professor Hood has taught courses primarily in collective behavior and social movements, research methods, social psychology and environmental sociology. In addition to teaching at all undergraduate levels and graduate levels he has directed or served on more than 100 masters and doctoral committees. A committed Christian, Hood is a life-long member of the United Methodist Church having served on local, district and conference committees. He has been an active 4-H Leader for over 30 years in Knox County and has received the College of Arts and Sciences and National Alumni Association Awards for Public Service. Hood enjoys writing poetry as T.C. Hood and amateur photography.

CFOs and corporate accountants face a future full of challenges and opportunities, according to Tom Hood, the executive vice president of business growth and engagement at the AICPA.

Season 2 Episode 20 | Recorded January 24, 2022 thank you to our supporters this week! Amaka.com On today's episode, Scott and Zach tackle the tough subjects, such as staying sober, dressing up, touching knees, Mormon mentioning, subtle jabs, and more with the very special self-proclaimed cartoonist, MC, CPE presenter, standup comedian, comptroller, podcast host, fry-sauce connoisseur, and master of all thing CPE comedy Greg Kyte. *A little tongue-twisting talk on The Church of Jesus Christ of Latter-day Saints, choirs, and context *On being the son of a wool-monger and grandson of a Boeing financial forecaster, and Greg's angelic childhood demeanor *How Greg made it from middle-school math teacher to CPA by way of a summer job and standup *Resolving Scott's need for attention... without chopsticks *About Greg's work ethic, and integrity and what really drives him – the fear of failure *Living life as an ambivert *The art of cartooning *Greg's history of podcasting *Pricing shaming *Investment strategy turned life plan: 85% security, 15% crapshoots *Barbells, Speedos, and tigers – oh my! *Freedom and Free CPE with Oh My Fraud! (Now with 11 episodes to hear!) *Fry sauce matters – two parts mayo, one part ketchup, catsup, or however you spell it where you live ... Check out Greg's toons: https://www.instagram.com/exposuredrafts/ Listen to Oh My Fraud: https://ohmyfraud.com/ Talk to Greg: https://www.linkedin.com/in/gregkyte/ Get your UT Fry Sauce merch here: https://utfrysauce.com/ A Thrivecast discussion on perfecting niches: https://thriveal.com/resources/podcast-episode/niches-bring-stitches-and-an-interview-with-jason-blumer/ The Black Swan: The Impact of the Highly Improbable https://amzn.to/3NnMcf6 Antifragile: Things That Gain from Disorder https://amzn.to/3MfBGoV Shout out to that church with all the words, that choir that got renamed, that place that makes The Dude's cardigan, Pendleton, The Journal of Accountancy, monkey bars, Oprah, Men at Work, The Police, all the children of the ‘80s, Gusto, teleprompters, Oh My Fraud!, Venn diagrams, Gary Larson, Scott Adams, Dilbert, Caleb Newquist, The Far Side, Going Concern, Rubik Yeriazarian and RuBook Creative, EY, Divvy, the law of attraction, Jason Blumer, Thrivecast, Tom Hood, Accounting Today, Nassim Nicholas Taleb, Sam's No. 3 --- Send in a voice message: https://anchor.fm/sonsofcpas/message

Amy Radin, the author of The Change Maker's Playbook: How to Seek, Seed and Scale Innovation in Any Company, serves on the board of directors for the Association of International Certified Professional Accountants. She wrote for FM magazine on how CFOs can enable innovation in late 2020. And, in early 2021, Radin was a guest on the FM podcast to discuss establishing innovation metrics. Innovation and metrics are the topic for this episode, in which Radin talks about how innovation principles can play a role in an organization's financial planning and analysis (FP&A) functions. In two weeks at AICPA & CIMA ENGAGE 22, Radin is co-presenting with Tom Hood, CPA/CITP, CGMA, executive vice president–Business Engagement and Growth for the Association of International Certified Professional Accountants.

Rudy celebrates spring with some poetic thoughts from Oliver Wendell Holmes and from Tom Hood's Song (O lady, leave thy silken thread...).

CFOs and other finance leaders “are all on the same quest” to transform finance into more of a value partner, according to Tom Hood, CPA/CITP, CGMA, executive vice president–Business Engagement and Growth for the Association of International Certified Professional Accountants. Hood's 2021 conversations with finance leaders led to the formation of the Future of Finance Leadership Advisory Group, which continues to grow in numbers and share knowledge about what it will take to upskill its talent and transform the finance function. In this podcast episode, Hood shares insights coming from the group's recent virtual meeting and explains the vision for 2025 and beyond.

Season 2 Episode 14 | Recorded January 3, 2022 Shout out to our sponsors; Clockwork.ai and Botkeeper Alright, alright, alright ... This week, we're talking to the Matthew McConaughey of Accounting, it's Byron Patrick, CPA. Byron's career started with a cool-ass high-school accounting teacher shout out to HeimLantz CPA, F. Carter Heim and Thomas J. Lantz Byron has branded himself, literally, with a CPA tattoo You can't talk about the Maryland Association of CPAs without talking about Tom Hood, and the AICPA, and Kimberly Ellison-Taylor and Anoop N. Mehta, CPA, CGMA Shout out to all of our listeners in Washington, VA ... we love you. Hiring TIP – It's not the question; it's the person answering it! The benefits of hanging out in the hallway (or being an industry rat) Simplified Innovations was the Citrix partner of the year; as Byron puts it, a Great f&%king company, but bad biz partner decision Woulda, shoulda, coulda – the things Byron would do differently with a second chance... and The Botkeeper experience, Shout out to Jody Padar, and Enrico Palmerino! and all the rest of the apps and people shout outs; Scott Scharf, Spark Hire, CCH ProSystem, Lacerte, QuickBooks, Right Networks, Brannon Poe, Liz Mason, Xero, Relay, Pilot, Bill.com, Expensify, FloQast Studios, PBC, Twyla Verhelst, Ed Mendlowitz, Gusto, FieldGuide, Jin Chang, and Marc Montpas --- Send in a voice message: https://anchor.fm/sonsofcpas/message

Sign up to get free CPE for listening to this podcast: https://earmarkcpe.com Download the Earmark CPE App:  Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app Connect with Our Guests Sue Coffey, CPA, CGMAChief Executive Officer - Public Accounting at Association of International Certified Professional Accountantshttps://www.linkedin.com/in/susan-s-coffey-cpa-cgma-7b26a68/ Tom Hood, CPA, CITP, CGMA EVP Business Engagement & Growth at Association of International Certified Professional Accountantshttps://www.linkedin.com/in/tomhood/ Learn more about the AICPAhttps://www.aicpa.org/home Connect with Blake Oliver, CPA Linkedin: https://www.linkedin.com/in/blaketoliverTwitter: https://twitter.com/blaketoliver/

It's legislative season here in Maryland, and getting involved in the process is more important than ever for the CPA profession. With more changes coming that promise to directly impact the accounting and financing profession than we've ever seen, our world is on high alert. We need to stay on top of those changes – which is why it's nice to have a little help from CPA societies. We take a close look at what's happening in Annapolis right now, because there are sure to be similar stories playing out in whatever state you're located in. To help us with that is Tom Hood, former CEO of the Maryland Association of CPAs, current executive vice president of Business Engagement and Growth at the Association of International Certified Professional Accountants, and chair of the MACPA's Legislative Executive Committee. To learn more, and for the complete show notes, visit https://blionline.org/blog (blionline.org/blog). Resources: LinkedIn: https://www.linkedin.com/in/tomhood/ (linkedin.com/in/tomhood) Future-Proof is a production of http://crate.media (Crate Media)

A group of finance leaders took an inward focus at the recent Future of Finance Summit in Nashville, Tenn. They also explored their vision for the finance function out to 2030. The group focused on listening, self-awareness, and staff development, among other topics. This episode will be the first of several discussions from the summit, which brought together a range of corporate and not-for-profit executives. The guests in this episode, in order of appearance, are: Tom Hood, CPA/CITP, CGMA, executive vice president of business engagement and growth for the Association of International Certified Professional Accountants; Kimberly Ellison-Taylor, CPA, CGMA, former AICPA board chair and the founder of KET Solutions; John Griffin, CPA, CGMA, senior vice president and controller for AARP; Calvin Harris, CPA, senior vice president of finance and CFO of the National Urban League.

We discuss where I get answers - when nobody has them here, where do I get inspiration - when nobody cares and who do I learn from. READ ALL OF RANDY'S SHOW NOTES WITH LINKS TO EVERYTHING BY CLICKING ON THE PDF BUTTON AT EPISODE 87 AT www.FlippinGenius.com - or see links in notes below wherever you listen to podcasts - or here is a link to the PDF at our site that includes all of the links: https://3d868463-f4b3-4a65-ad50-429071443aae.filesusr.com/ugd/cce952_a091294ce6aa48c59b1c0c3967c3da5b.pdf FG Resources page FG Flippers Forum Car Dealer Guy Real Success in the Car Business The Car Flipper Ask Pat 2.0 Smart Passive Income Profit from Trade PFT Episode #6 Scotty Kilmer ChrisFix Driveway Life 3 Hour Car Flip Academy Creating an Ideal Customer Story Thank you to Scotty Kilmer, ChrisFix, Pat Flynn, Jeremy Fisher, Rachel Eubanks, Tom Hood, James Jakeman, Jeff Green, Rick Dyer and many other fine Americans for helping me when I need it. Here's hoping they will help our listeners too. #Resources #Car Flipping #Business Development #Pat Flynn #ChrisFix --- Send in a voice message: https://anchor.fm/flippinggenius/message Support this podcast: https://anchor.fm/flippinggenius/support

This week's podcast episode brings together the voices of three presenters at AICPA & CIMA ENGAGE 2021. One common theme in their interviews is the talent pipeline — how more candidates can be drawn to the profession, how existing talent can be retained and trained in a more tech-driven business environment, and more. Hear from AICPA board Chair Bill Pirolli, CPA/CFF/PFS, CGMA; Tom Hood, CPA/CITP, CGMA, executive vice president of business engagement and growth for the Association of International Certified Professional Accountants; and former AICPA board Chair Kimberly Ellison-Taylor, CPA, CGMA.

The AICPA Town Hall Series provides the latest news and updates on pressing issues facing the accounting profession. Presenters: Erik Asgeirsson, President & CEO, CPA.com Barry Melancon, CPA, CGMA, President & CEO, AICPA Kari Hipsak, CPA, CGMA, Sr. Manager, AICPA Tom Hood, CPA, CGMA, EVP, Business Growth & Engagement, AICPA Jennifer Reilly, CPA, CGMA, Business Area CFO, TIAA Topics: Changing Role of the CFO, Post-Pandemic Business Relief and Tax Updates Key Insights: Barry Melancon and Erik Asgeirsson give an update on legislative and regulatory developments in D.C., the unfolding parameters of the economic recovery, and the latest regarding the Paycheck Protection Program TIAA CFO Jennifer Reilly and Tom Hood, the Association's executive vice president of growth and engagement, talk about the changing role of the CFO Kari Hipsak, a senior manager with the AICPA, discusses the latest technical guidance on business relief programs

This week Paul and Will are joined by Tom Hood, the Executive Vice President of Growth and Engagement for the AICPA. Those who have heard Tom speak know of his passion around being ‘future ready’ – and we dig into this topic as it relates (related?) to the pandemic. Certainly future ready firms didn’t see the future of the pandemic – but what about being future ready makes you agile when things are occur which were not seen in advance? While we look back some – you will pick up some items for looking forward too!

CFOs and other leaders have been forced to adapt to challenging and fast-moving circumstances as a result of the COVID-19 pandemic. Tom Hood, CPA/CITP, CGMA, the executive vice president of business growth and engagement for the Association of International Certified Professional Accountants, reflects on what finance leaders have learned in the past year and previews two of his sessions at the upcoming AICPA & CIMA CFO Conference.

The AICPA Town Hall Series provides the latest news and updates on pressing issues facing the accounting profession. Presenters: Erik Asgeirsson, President & CEO, CPA.com Tom Hood, CPA, CGMA, EVP, Business Growth & Engagement, AICPA Carl Peterson, CPA, VP, Small Firms, AICPA Lisa Simpson, CPA, CGMA, Vice President, Firm Services, AICPA Topics: Legislative Update & Activities State of Lenders and PPP Latest Updates & Recommendations Top Issues Facing Accounting and Finance Professionals

Tom Hood, CPA, CITP, CGMA is currently the EVP Business Growth & Engagement for AICPA-CIMA and the Business Learning Institute. Tom just stepped onto the global stage after 23 years as the CEO of the Maryland Association of CPAs. He was named the second most influential person in accounting by Accounting Today Magazine for the ninth year! LinkedIn recruited Tom as one of their Top 100 Influencers with a following of over 750,000. He is a member of Forbes Finance Council and was inducted into the Accounting Hall of Fame.   Are you FutureReady? Take the test here.

There are some big changes taking place at the Business Learning Institute. Tom Hood, now the former president and CEO of the Maryland Association of CPAs and the Business Learning Institute, is the new executive vice president of business growth and engagement for the Association of International Certified Professional Accountants — the global arm of the American Institute of CPAs. Before Tom closes out his time with the MACPA, we capture some of his wisdom so that we can learn from it going forward. He talks about where the profession was 24 years ago, how far it’s come in the past quarter-century, and most importantly, where it’s going from here. To learn more, and for the complete show notes, visit https://blionline.org/blog (blionline.org/blog). Resources: https://www.linkedin.com/in/tomhood/ (linkedin.com/in/tomhood) https://www.macpa.org/maryland-takes-global-stage-as-tom-hood-bli-join-aicpa-team/ (Maryland takes global stage as Tom Hood, BLI join AICPA team) Future-Proof is a production of http://crate.media (Crate Media)

What’s happening at the state level that might have an impact on the accounting and finance world? There’s a lot that’s going on in state capitals across the country that bears watching. Here to talk about all of this is Tom Hood, the president and CEO of the Maryland Association of CPAs and the Business Learning Institute. The issues we’re talking about today are things that Tom is watching in Maryland, but these could be issues in any state in the nation. Nearly all states are either dealing with issues like these right now or are watching these issues very closely in the event that they might have to deal with them down the road. To learn more, and for the complete show notes, visit https://blionline.org/blog (blionline.org/blog). Resources: https://www.macpa.org/cpaday (macpa.org/cpaday) https://www.macpa.org/advocacy (macpa.org/advocacy) https://blionline.org (blionline.org) Read: https://www.journalofaccountancy.com/news/2020/dec/threats-to-licensing-a-concern-for-cpas-amid-coronavirus-pandemic.html?_lrsc=86075ac7-1492-4adb-9cf8-1033eb4c5db7 (“Threats to licensing remain a concern for CPAs amid pandemic,”) https://player.captivate.fm/episode/656f7afc-83cb-441a-ae59-db63f6a7eb7d (42. Get Involved: Legislative Advocacy at the Local Level | with State Senator Brian Feldman) Future-Proof is a production of http://crate.media (Crate Media)

A story of a woman who's being harassed by a man even though she's already got a boyfriend, so the man kills the boyfriend. Then the boyfriend-ghost kills the guy. Pretty standard stuff.Go on, read it for yourself:https://bookshop.org/books/the-haunted-looking-glass/9780940322684

The work of associations is right in the name: It’s about connections, it’s about relationships, and it’s about networks. These are the things that associations are designed to provide, and this is the time — a time of true crisis — in which those things are more important than ever. To explore all that an association can do, we sit down with Tom Hood, President and CEO of the Maryland Association of CPAs and the Business Learning Institute. He discusses how the work of associations shifted significantly in the face of the pandemic, how members have benefited, and how that work will help members map out a post-pandemic strategy that ensures their relevance going forward. To learn more, and for the complete show notes, visit blionline.org/blog (https://blionline.org/blog). Resources: Learn more at macpa.org (https://www.macpa.org/) LinkedIn: linkedin.com/in/tomhood (https://www.linkedin.com/in/tomhood/) Future-Proof is a production of (http://crate.media)

In this time of exponential change, it is imperative for professionals to be future-ready. Joining Amy Vetter on the show today is Tom Hood, the CEO of the Maryland Association of CPAs and the Business Learning Institute. Tom talks about thriving as a professional and being ready for change. He also discusses approaches that incorporate framework development, innovation inventories, and more. Listen in to know more about how to be a more future-ready professional.

In this time of exponential change, it is imperative for professionals to be future-ready. Joining Amy Vetter on the show today is Tom Hood, the CEO of the Maryland Association of CPAs and the Business Learning Institute. Tom talks about thriving as a professional and being ready for change. He also discusses approaches that incorporate framework development, innovation inventories, […]

The work-from-anywhere revolution received a jolt in March, when office workers were sent home because of concerns about the spread of COVID-19. More companies were embracing flexible work practices before the pandemic, but now that movement has been accelerated. Tom Hood, CPA/CITP, CGMA, the CEO of the Maryland Association of CPAs and the Business Learning Institute, shares insight into the future of remote work, why a company’s approach to flexible work can define its culture, and more.

A hard trend can be defined as a predictable, future fact. While it’s tough to predict the price of oil or the direction of the stock market daily or weekly, finance professionals can focus on hard trends to have a better understanding of where business is heading. Tom Hood, CPA/CITP, CGMA, the CEO of the Maryland Association of CPAs and the Business Learning Institute, shares insight into three hard trends and why they matter for accountants now.

Tom has been executive director and CEO of the Maryland Association of CPAs since January 1997. Armed with a passion for the profession and the drive to move it forward, he manages a staff of more than 30, works closely with the Executive Committee and Board of Directors, and oversees the work of numerous committees to promote and protect the CPA brand in Maryland.

This week we’re talking about the Paycheck Protection Program. A provision of the CARES Act — the massive coronavirus relief bill that was signed into law on March 27 — the PPP is a loan that’s designed to be an incentive for small businesses to keep their workers on the payroll. We know some of our listeners may be applying for it, and if you are, you probably have a few questions. So we sat down for a conversation with two people who can help put this all into proper context. Erik Asgeirsson is the president and CEO of CPA.com, the technology arm of the American Institute of CPAs, and he is going to give us some perspective on the massive and almost unprecedented legislative undertaking to get this bill passed, as well as recommendations for the types of documents that lenders are looking for under various circumstances during the loan application process. And Tom Hood, the president and CEO of the Maryland Institute of CPAs and the Business Learning Institute, is going to talk a bit about the role that CPAs can play in this process, and give us some guidance of his own for people in the profession as the rest of this crisis plays out. To learn more, and for the complete show notes, visit blionline.org/blog (https://blionline.org/blog) . Resources: SBA Paycheck Protection Program resources for CPAs (http://bit.ly/PPPresources) MACPA.org/COVID-19 (http://macpa.org/COVID-19) AICPA recommends lender documents and key calculations to use in PPP applications (http://bit.ly/PPPdocuments) Future-Proof is a production of (http://crate.media)

Today, we’re talking about the elephant in the room, or what Tom Hood would call the dead moose in the room. That thing that’s stinking up the joint but that nobody wants to do anything about – or, more to the point, nobody knows what to do about it. That dead moose is talent.  How do you find it? How do you keep it? How do you set your organization apart from all the others out there so people want to work for you? It’s a HUGE problem, and here’s why in three short words: One point five. That’s the unemployment rate for accountants and auditors. One point five percent. The national average is 3.7 percent. That means it’s more than twice as hard for employers to find great employees than everyone else. Welcome to reality, and reality continues to get more and more harsh. Ten thousand Baby Boomers reach retirement age every single day. That means one of two things: they’re retiring and they’re taking all of their wisdom and experience with them or they’re continuing to work, which means younger professionals have fewer opportunities to advance their careers, which means they’re more likely to look elsewhere for those opportunities. So, from a people perspective, accounting and finance professionals are dealing with a lot these days, and it’s not getting any easier.  So we sat down with Paul McDonald, Senior Executive Director at Robert Half, which specializes in the placement of professionals in the accounting and finance, technology, legal, creative, and administrative fields. Paul has more than 30 years in the recruiting field and he has advised thousands of company leaders and job seekers on how to hire and get hired. To learn more, and for the complete show notes, visit blionline.org/blog. Resources: Learn more at (http://roberthalf.com/) Read: “The Future of Work: Adapting to technological change” Read: “How to Make the Accountant Unemployment Rate Work for You” Twitter: twitter.com/paulcmcdonald Learn more at MACPA.org/future-learning Future-Proof is produced by Podcast Masters

We’re headed back to Annapolis for this week’s episode, where Maryland’s General Assembly recently put a bow on its 2019 legislative session. It was another busy one, including some CPA-related legislation that will impact accounting and finance professionals, not just here in Maryland but throughout the country. Legislative advocacy, according to our members, is the most important thing that the MACPA does for them, and our president and CEO Tom Hood takes that role very seriously. So, today, we talk to Tom about what went down in Annapolis and how it is likely to impact our profession. To learn more, and for the complete show notes, visit blionline.org/blog. Resources: Learn more at MACPA.org/future-learning Read: “Legislative Report from the Maryland General Assembly, Sine Die” Future-Proof is produced by Podcast Masters

We’ve talked quite a bit in past shows about this notion of “anticipation,” and we’ve talked about this concept as if it’s a skill or competency that you can learn – and it is, but we haven’t spent a lot of time talking about how how you do that. So, how can you become more anticipatory? How can you train yourself to look for future trends and spot the opportunities those trends provide, and then take advantage of those opportunities before your competition does? Joining the show again to help us do all of that is Tom Hood, president and CEO of the Maryland Association of CPAs. Tom has mastered the art of anticipation by working side-by-side with the person who wrote the book on the subject, quite literally: Daniel Burrus, a world renowned futurist, author of The Anticipatory Organization and Flash Foresight, and creator of a learning system called The Anticipatory Organization that teaches people how to master this crucial skill. To learn more, and for the complete show notes, visit blionline.org/blog. Resources: The Anticipatory Organization: Accounting and Finance Edition BLIonline.org/AO MACPA.org/future-learning Read: The Algorithmic Leader: How to Be Smart When Machines Are Smarter Than You by Mike Walsh Read: The Anticipatory Organization: Turn Disruption and Change into Opportunity and Advantage by Daniel Burrus Future-Proof is produced by Podcast Masters

Bill Sheridan is the Chief Communications Officer at the Maryland Association of CPAs and the host of Future-Proof, a podcast in which Bill has interviewed a wide variety of leading thought leaders in the accounting profession and in corporate America. We discuss whether the profession is moving in the direction of becoming more future-proof, or future-ready, through the lens of the conversations he’s been having with his guests for nearly a year. So, let’s get right to it: is the profession future-proof? The short answer is no, we're not future-proof or future-ready yet – but we're getting there. However, we might be getting there a little slower than Bill and the other folks over at the MACPA hoped. “It seems like they're starting to realize that this stuff is real. It's not going away. In fact, it's starting to impact them right now, and they need to pay attention to it. So, that's encouraging that they are starting to pay attention,” Bill says. And in a way, this seeming reluctant to look forward makes sense for the accounting and finance profession. “When you think about the profession itself, accounting and finance will spend their entire careers looking behind them. By definition, they're accounting for things that have happened in the past. “So, turning around, and looking through the windshield, and noticing what's coming at you, isn't a muscle that they've spent a lot of time building. And so, they're just starting to do that now. And the more they do it, the better they'll get at it.” Becoming future-ready starts with being aware of what's going on. It comes back to the idea of the anticipatory organization, an idea championed by MACPA President and CEO Tom Hood. In this sense, anticipation a three-step process: aware, predict, and adapt.  So, first step, being aware of change. That involves asking questions and start to understanding it. Next is predicting what will happen. So, now that I'm aware of it, what kind of impact is this going to have on me and the people that I work with? And then, finally, adapting. What can we actually do about it? For example, here's a question for accounting and finance pros out there: how can you take advantage of 5G in a way that will benefit the people that you work with?  “That's the muscle that we have to start building. We know this is coming, and in very short order. So, what are the opportunities embedded in something like that? And we need to start thinking about that now before it hits mainstream and evolves into something else.” So becoming anticipatory is the practice of building that muscle – because change is going to happen over and over. “We need to be able to help walk our clients and customers into the future. In order to do that, we need to be there before them,” Bill says. Change Your Mindset is now being distributed on C-Suite Radio. You can find Change Your Mindset and many other outstanding business podcasts on C-Suite Radio by going to www.c-suiteradio.com. Resources: Listen to Future-Proof: https://blionline.org/blog/ | Apple Podcasts LinkedIn: https://www.linkedin.com/in/billdsheridan/ Twitter: https://twitter.com/BillSheridan Take Sally Hogshead’s assessment: howtofascinate.com/you (use code “FutureProof” to take it for free) Read: The Culture Code: The Secrets of Highly Successful Groups by Daniel Coyle Read: When: The Scientific Secrets of Perfect Timing by Daniel H. Pink Read: The Excellence Dividend: Meeting the Tech Tide with Work That Wows and Jobs That Last by Tom Peters Read: The One Minute Manager Meets the Monkey by Hal Burrows, Kenneth H. Blanchard, and William Oncken Read: The Art of Gathering: How We Meet and Why It Matters by Priya Parker Learn more about your ad choices. Visit megaphone.fm/adchoices

January 2019 is a big month for CPAs, in Maryland and throughout the country. The Maryland General Assembly begins its annual session on Jan. 9. Not a single bill has been introduced yet, but it’s already shaping up to be an extraordinarily busy session for those of us who are trying to protect our profession. For CPAs nationwide, of course, tax season is ramping up, and there are a number of issues that are already complicating things for tax practitioners: The Tax Cuts and Jobs Act, The Supreme Court’s Wayfair decision, and the federal government shutdown. So things on the legislative and regulatory front are a little chaotic for the accounting and finance profession. But that’s why we’re here, right? State CPA societies like the MACPA – this is our bread and butter. Protecting our profession, protecting your livelihood, and protecting your clients. This is a huge part of why we’re here. So today, we’re talking about how all of this impacts you and your clients, what the MACPA is doing about it, and what YOU can do to help us. We’re joined by returning guest Tom Hood, the CEO of the Maryland Association of CPAs. Tom has his fingers firmly on the legislative and regulatory pulse of this profession – and it turns out there are some really big issues that we need to be paying attention to over the next few months. To learn more, and for the complete show notes, visit blionline.org/blog. Resources: Join us for CPA Day (Jan. 24, 2019): MACPA.org/CPADay Contribute to MACPA’s PAC: MACPA.org/Advocacy The Business Learning Institute Future-Proof is proudly sponsored by the Business Learning Institute, which delivers competency-based curriculum, courses, content, and community to maximize career trajectories and grow intellectual capital for organizational and executive leadership. Hundreds of course by dozens of instructors, and unlimited customization. Find out how the Business Learning Institute can help YOU by visiting BLIonline.org. Future-Proof is produced by Podcast Masters

Did you know that the folks at the MACPA and the Business Learning Institute spend a significant chunk of their time outside of the state of Maryland? And the reason for it is actually pretty simple: there’s a lot of really important stuff happening in this profession, and very little of it happens exclusively in Maryland! Since our goal is to help our members become future-ready, we go to wherever the important stuff is happening, learn about it, and bring that knowledge back to Maryland. And the king of going to where the action is none other than Tom Hood, the CEO of the MACPA and the BLI (and the second most influential person in accounting, according to Accounting Today). He goes everywhere in search of knowledge that will make Maryland CPAs that much more prepared for what’s to come. That’s why Tom is our guest this week. He has been to some really interesting – and definitely exotic – places this year, and we wanted to find out what he’s learned on these trips that Maryland’s CPAs need to know. In This Conversation We Cover: What Tom has learned in Canada, Bora Bora, and beyond The #1 challenge that CPAs face around the globe The four T’s: Talent, taxes (standards, laws, and regulations), technology, and transformation How we can better engage both newer and older accounting and finance professionals moving forward 5G, Wi-Fi 6, & Our Profession We’ve seen multiple articles about 5G and Wi-Fi 6 lately, and it looks like something significant is on the horizon. 5G, of course, is the next generation of cellular network technology. It promises speeds that are multitudes faster than the current 4G standard, which could finally help drive the Internet of Things connectivity to “ready for primetime” status. 5G is being rolled out in late 2018 and should see much wider adoption in 2019 and beyond. Wi-Fi 6, meanwhile, should make its debut in 2019. It promises much higher upload and download speeds, it’ll be able to support 8K video streaming, and it will have a much lower power draw, which means much lower drain on your battery life. Combined, 5G and Wi-Fi 6 will do some incredible things – if you believe the folks who write about this stuff, anyway. In the article “Next Generation Wireless: What You Need To Know About 5G And Wi-Fi 6,” Paul O’Farrell of Forbes writes: “Seamless high performance access to information opens up a plethora of opportunity for developing new, never seen before applications: imagine walking into a store and using augmented reality to watch a live demonstration of the product you are pointing to in action, envision self-driving cars on a freeway, interacting with each other in real-time to ensure complete safety and coordinated traffic flow, or even imagine a surgeon performing a delicate operation, using virtual reality while he is in a different country, other than the patient.” O’Farrell continues by saying, “The possibilities are compelling and endless. It is a call to action for businesses and other organizations to leverage both of these technologies and create new services and offerings. In many markets, the ability to successfully do this will be the difference between success and failure.” So what does this mean for accounting and finance professionals? It’s time to put on our anticipatory hats! Anticipation is all about spotting future trends early and figuring out what opportunities they offer so we can take advantage of them before our competitors do, and there’s a lot of opportunity here. What could you do with the combined power of 5G and Wi-Fi 6? What challenges would that type of power help you overcome? How would they help you better serve your clients and customers? Start thinking about this stuff now – this is your opportunity to finally get in front of some of the hard trends that have been disrupting our world, which just so happens to be exactly what Tom Hood has been trying to do. You can learn more...

You may be wondering, what does legislation and regulation have to do with me, an accounting or finance professional – or vasectomies? Well, as it turns out, quite a lot! New technologies, demographic shifts, and disruptions of all shapes and sizes are coming at us faster than ever – and how our lawmakers and regulatory agencies react to these changes will dictate how our profession works going forward. That’s why MACPA’s legislative team, with the support of volunteers, is always monitoring new bills and fighting for legislation that will benefit all Marylanders (and if you don’t live in Maryland, this is still important because some of these issues have implications that will affect everyone in our profession). To share more about our ongoing efforts, we’re joined by Tom Hood, the CEO of the Maryland Association of CPAs and the Business Learning Institute, who is just catching his breath after the end of a busy legislative season. Resources: Want to get involved? Head over to macpa.org/advocacy Connect with Tom Hood: Twitter | LinkedIn Learn more on the MACPA blog: macpa.org/blog Future-Proof is produced by Podcast Masters

Join us when Tom Hood recalls discovering his passion for helping accounting and finance professional to realize the collaborative and strategic power of group discussions. Learn why finance leaders now more than ever must achieve an alignment between skill building and corporate strategy to successfully advance down the transformation path. Now access our FREE eBook “The Mentoring Round” featuring career insights from 25 of our CFO Thought Leaders: http://bit.ly/2Ga5Vfq

Tom Hood, CEO of the Maryland Association of CPAs and the Business Learning Institute, is on a mission to help CPAs make sense of this changing and complex world. Tom and I spoke on the third episode of this podcast, in June of 2016, and a lot has changed in that short period of time. We discuss how technologies like blockchain, artificial intelligence, and cloud computing are impacting the accounting profession (and the world), and how CPAs can begin transforming themselves into Anticipatory CPAs. What is blockchain? Tom says that blockchain is best described as the Internet of Value. Using secure peer-to-peer data, blockchain basically conveys transactions of value with multiple parties to, effectively, create a public ledger. This is a real example of a supply chain using blockchain technology, which may help you understand how it works in practice: There’s fishermen in a boat off the coast of Malaysia, and they have smartphones. When they catch a tuna, they use their smartphone to take a picture. The phone geo locates the photo and it creates the first block of data. The data says this tuna was caught at this location, at this point in time, with these people, and it includes the picture. On the dock, the fishermen hand the tuna off to a processing plant, and that creates another block of data showing it was transferred. Now it’s being processed. The really good meat is going to go to the sushi restaurant and the other stuff is going to be processed further down to canned tuna. The sushi tuna is in another block of data that says it's going on a truck, and it is delivered to some number of sushi restaurants. Each one of those restaurants is another element of data all about that fish. The restaurant owners and customers can trust, with certainty, that the fish is fresh and high quality. In the canning center, the cans come out with a bar code that basically connects it back to that block of data. When someone picks that can off the shelf, they can trace it back to that tuna on that day in that place off the coast of Malaysia. Consumers can trust that these fish weren’t caught using illegal or morally questionable practices. The Convergence The real power of blockchain technologies is realized when it converges with cloud computing and artificial intelligence. If you’re not aware, “the cloud” isn’t just for storing data – cloud computing harnesses the power of any connected device to process tasks more quickly than any single computer possibly could. This exponential increase in processing power has made artificial intelligence significantly more tangible. Oracle, for example, have a machine called Hana. It could process every tax return in the history of the world, since 1957 to now, in under four minutes. If accountants can leverage these technologies to do the grunt work in a matter of minutes, or even seconds, they can focus their time and energy on delivering substantial value to their clients by interpreting and analyzing that data. On top of that, blockchain databases will create an extra layer of trust and accountability, possibly even removing the need for audits entirely in many areas of the accounting industry. Be an Anticipatory CPA The idea of being anticipatory is to be aware, predictive, and adaptive. Do you even know that the trend is real? Can you predict what it might do for you or your client or your company? And then what would you start doing to adapt to it? A CPA’s greatest value is taking complex information and putting it in a context that somebody who doesn't have that knowledge can understand. To help prepare you, the Maryland Society of CPAs is working with IBM to create a future-ready learning portal for CPAs to learn about artificial intelligence, big data, data science, deep machine learning, and blockchain. The portal will give CPAs a familiarity with the technology and an understanding of the terms so that, as this technology starts to unfold, they'll be able to see the potential and understand the major concepts well enough to communicate with the people controlling these technologies. Resources: Learn more: Maryland Association of CPAs Business Learning Institute Five Steps for Building a Future-Ready Finance Team [PDF] - by Bill Sheridan, CAE (Business Learning Institute) -- Production & Development for Improv Is No Joke by Podcast Masters Learn more about your ad choices. Visit megaphone.fm/adchoices

July 2017 – This month we’re doing things differently — we’re chillin! We’re dedicating the entire episode to Tom Hood (Tommy Hollywood), Chief Engineer at KBOO radio. A man of many talents — Chili Champ, Composer, Producer, Humorist & all around nice guy— deserves this honor. Check out his self described “serious nonsense” @ TravelingRadio.com ** NEW 2021 EDIT + Bonus interview & music with Jai Hurdle. Find him @ “A Man Called JAI” on Soundcloud) Peace, Love and Soup, along with Tommy, are guests on the Portland radio program, “The Monday Sampler”. We have a big ole hoedown with their fine crew: Fortunado, Just Jess & PBK http://kboo.fm/program/monday-sampler Our “In The Kitchen” segment is on location this month, as we challenge Tommy to a sidewalk chili-cook off in front of the station: Tave’s 6 Bean Vegan White Chili vs Tommy’s Texas Bowl O’Red All music and sound effect were created and by Tom Hood & Spook The Cat! Thanks again, Tommy! It’s a beautiful summer day, go float on the river, enjoy some chili and chill. Peace, Love and (of course)…. Soup! Brian & Tavé

Ron and Ed were at Sage Summit 2017 in Atlanta and recorded an episode (or two) featuring a great panel discussion on the premise that accounting and innovation are not opposites (i.e. not an oxymoron). While the job description for accounting professionals has largely stayed the same, technologies and laws have come into play to change the way business is done. It is time that accountants alter the way they do business to keep up with the shifting tide.

Ron and Ed were at Sage Summit 2017 in Atlanta and recorded an episode (or two) featuring a great panel discussion on the premise that accounting and innovation are not opposites (i.e. not an oxymoron). While the job description for accounting professionals has largely stayed the same, technologies and laws have come into play to change the way business is done. It is time that accountants alter the way they do business to keep up with the shifting tide.

Ron and Ed were at Sage Summit 2017 in Atlanta and recorded an episode (or two) featuring a great panel discussion on the premise that accounting and innovation are not opposites (i.e. not an oxymoron). While the job description for accounting professionals has largely stayed the same, technologies and laws have come into play to change the way business is done. It is time that accountants alter the way they do business to keep up with the shifting tide.

Pam Devine has graced her presence as the guest on today’s show. She is from New England but now has her life in Baltimore. Her favorite quote is from Tom Hood that is, "L is greater than or equal to C." She has been part of the Business Learning Institute, an affiliate of the Maryland Association of CPAs. This organization focuses on leadership, strategy and communication, the skills that make better business professionals. Learning is what give the organization a competitive advantage and has the saying "The learning curve is truly the earning curve." The organization gives the team within an opportunity to grow by attending various conferences. The organization is also redesigning their office environment in a way wherein it can promote a more collaborative open learning environment expose to different levels from CEO to junior members. One of the important conferences in topic was the Bersin Conference, which talked about leadership. It talked about learning architecture and how learning has changed from more than just education. In order for an organization to have a truly competitive learning environment, the conference introduced the Four E’s: Education Exposure Environment Experience It discussed also the way to think about a systematic approach to learning encompassing all of the Four E’s. Pam gave the CPA Day in Annapolis event as an example. Here, CPAs get to have a new environment outside the office to learn. CPAs can be exposed to meet various people and legislators and have the opportunity to understand what is going on in the legislative environment. Lastly, CPAs gain the experience at the end of event. It mentioned also the importance of making the architectural learning environment work, which is composed of curious employee, network employee, holistic employee, agile employee and innovative employee. Pam would like to share to the listeners of this podcast the quote "Train your people and they are 92% more likely to stay and be loyal." It is better to invest in one's future and gain loyalty.   LEARN FROM TWITTER Follow the stream hashtag #impactHR on Twitter Learn beyond the traditional education through tweets A good way to get an immediate feedback   ADDITIONAL RESOURCES Maryland Association of CPAs: website Bersin Conference: website Learn more about your ad choices. Visit megaphone.fm/adchoices

Tom Hood was a wonderful guest on today’s show. He’s a great forward-thinking leader in the CPA world and delivered great value to the audience with his insights into technologies and trends for the future. Tom just returned from a spring council meeting for members of the American Institute of CPAs. A big takeaway from the meeting is the sense that people are beginning to understand the impact of the exponential pace of technology. Big changes like continuous auditing of 100% of transactions are right around the corner, as well as automation within the financial world. Big ticket items will still remain with professionals, but the entry level tasks will be moved to machines soon. “We’re going to need new skills and need them faster probably than we think and we’re going to need to focus on things that computers can’t do.” The trust and relationship side of accounting are aspects that we need to leverage: we need to get better at doing what computers can’t do. Tom has been able to predict many of the things that others are just now starting to see. It’s not any type of clairvoyance on his part, though. He attributes his future seeing abilities to something that Isaac Newton had said, “The reason I can see farther is because I stand on the shoulder of giants.” Tom’s business relationships and training has helped him see upcoming trends. With this vision, Tom knows that it won’t be enough to just know the nuts and bolts of accounting. CPA’s will need to begin developing strategic thinking within the companies they work for. This is understanding data and having the ability to analyze it within the context of the company and the world surrounding it. “Wisdom is looking at patterns and connecting dots.” The number one reason why people leave their CPA’s is because they tend to be reactionary and not proactive. Accountants are logical and we look for facts to understand and tell us about the business. This can lead to a focus on the rear view mirror, without ever looking out through the windshield. CPA’s need to make time for the future and must be taught to look forward. A change in curriculum like this isn’t something that higher education is capable of just yet. That’s a huge ship to turn around, and we all know they don’t turn quickly. Because of this, it’s up to us as employers to teach our people the skills necessary to be more adaptable and to make a greater impact. Don’t worry about the costs, do this so your people are better prepared to help the organization. The old idea of “if we train them they’ll leave” needs to take a back seat to the more critical message of “what if we don’t train them and they stay?” Tom gave some incredible food for thought in today’s episode. We all need to make a concerted effort to be more forward thinking in our approach to our chosen profession. I’m really glad he had the time to speak with us today.   IN THIS EPISODE, YOU WILL LEARN: Why forward-thinking is so valuable to the CPA professionHow collaboration between CPA’s and other professions surrounding them will be more important as time moves onThe hard trends that we can all be trained to seeWhy we can’t rely on higher education to fully prepare accountants for the new financial world we’re facingPlus much more…  YES, AND… Learn more and connect with Tom: LinkedIn | Twitter  ADDITIONAL RESOURCES: Maryland Association of CPAs: WebsiteAmerican Institute of CPAs: Website‘Humans are Underrated’ by Geoff Colvin: Book Learn more about your ad choices. Visit megaphone.fm/adchoices

Hello, this is Jean Caragher, President of Capstone Marketing. I am excited to be talking today with Tom Hood, the Executive Director and CEO of the Maryland Association of CPAs. Tom is a nationally recognized author, speaker, and consultant.  He was named the fourth most influential leader in the CPA profession in Accounting Today’s 2012 … Continue reading → The post A Capstone Conversation With Tom Hood appeared first on Capstone Marketing.

A live THRIVEcast in Las Vegas at the 'Meet VeraSage' event with guests Mark Koziel and Tom Hood. June 2012.