Hyster-Yale – WTF – What’s the Future of Finance/Accounting in the 4th Industrial Revolution?

Description

This course is completely different than what you are used to. It will shift your thinking from the rearview mirror to the windshield view from the present tense to the future tense. It is a shift from reactive, historical views to looking out the windshield toward the horizon and beyond the quarterly or annual reporting cycle. It will challenge you to reimagine and rethink the Profession. It will make you ask WTF, What’s the Future and what is your role in it. ​

Learning Objectives
  • Understand the major trends impacting the future of the profession
  • Recognize the concept of hard trends and the three categories – Demographics, Technology, Regulations, and Standards
  • Explore the role of hard trends or future facts and how to anticipate changes in the future of the Profession
  • Discover why the current accounting model is in need of innovation and transformation
  • Understand and discuss alternative pathways to the future and what accounting must do to remain relevant in the Fourth Industrial Revolution
Major Topics
  • A brief history of the accounting profession since the industrial age
  • What is means to be a professional in the Fourth Industrial Revolution
  • Why GAAP is flawed, what is missing and what we should do about it in an intellectual capital economy
  • A new model for financial reporting – sustainability and the six capitals
  • What futurists have to say about the value of an audit, accounting, and regulatory standard setting
  • Technology, Demographics and international trends in the profession
  • Commoditization, outsourcing, and emerging growth services in the profession
Provider
Business Learning Institute
Course Level
Intermediate
Professional Area of Focus
Business & Industry
Accounting & Auditing
T Shaped Professional Leadership
T Shaped Professional Strategic and Critical Thinking
CPE Field of Study
Business Management & Organization
8.0
Who Should Attend

Any CPA in public or private practice in search of a dynamic and thought-provoking course about the future of their profession

Instructor(s)
Tom Hood
Prerequisites

Participants should have had some management or leadership experience

Advanced Preparation

None

Location
Hyster-Yale
Register Now
When
Aug 25, 2020
8:30 am - 4:00 pm EST
Location
Hyster-Yale
Total CPE Credits
8.0
Format
In-Person

Register for this Event

Hyster-Yale – WTF – What’s the Future of Finance/Accounting in the 4th Industrial Revolution?


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