Inspiring Participation, Providing Value - Findings and recommendations of the Task Force on Members...
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Inspiring Participation,Providing ValueFindings and recommendations of the Task Force on Members in Business & Industry
December 10, 2009
Fort Worth Chapter, Texas Society of Certified Public Accountants
Fort Worth Chapter, Texas Society of Certified Public Accountants
Agenda
o Task Force Processo Findings: TSCPA datao Findings: internal surveyo Recommendationso Questions and discussion
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Task Force Process
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Mandate
Utilizing analysis produced by TSCPA, develop a process for identifying programs and services for members in business and industry.
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Membership Distribution
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Education 2%Government 2%
Fort Worth Chapter, Texas Society of Certified Public Accountants
Task Force Deliverables
o Analysis of TSCPA data AND internal survey
o Process for ongoing program development for members in business & industry
o Recommendation for specific programso Recommendation for enhancements to
existing programs
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Participantso Susan Beaty, Cash America International, Inc.o David Deison, Dave Deison, CPAo Denny Ewing, Southwest Ford, Inc.o Bertha Gamez, May Advertisingo Karen Horne, Thomson Reuterso Lestor Kugler, Defense Department Audit Agencyo Jason Lundell, Alcon Laboratorieso David Moon, BNSF Railway Co.o Mark Westerheide, M&M Manufacturing, LLCo David Williams, CSC Consulting
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Consultants
o Dr. Sandra Hart o Students of the Market Research Seminar,
Texas Wesleyan University School of Business
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Process
o Six meetings, July – November, 2009o Analysis and reporting, Fort Worth Chapter
(“FWC”) members’ opinions, 2008 TSCPA member satisfaction survey
o Preparation and dissemination, FWC survey (October, 2009)
o Findings and recommendations
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Fort Worth Chapter, Texas Society of Certified Public Accountants
TSCPA Survey Data Analysis
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Fort Worth Chapter, Texas Society of Certified Public Accountants
TSCPA Data Analysis
o Looking at FWC members and B&I members specifically
o Whether employers’ perceptions counto What members value most
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Findings, TSCPA Data
o Reasons for joining: CPE, networking, dutyo Top programs for satisfaction: legislative
efforts, license protectiono Member satisfaction was about the same
for public and B&I members, with most rating satisfaction 7 or higher on a 10 point scale
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Findings, TSCPA Data:CPE Conundrumo CPE is the top reason cited for joining
TSCPA howevero Only 20 – 25% of respondents get their
CPE from TSCPAo B&I members under 35 are noticeably less
satisfied with CPE topics
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Findings, TSCPA Data:Chapter CPEo 70% FWC members were satisfied with
Chapter offeringso Networking opportunities least favored
offering (57% rated networking offerings 8 or higher on a 10 scale)
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Fort Worth Chapter, Texas Society of Certified Public Accountants
How to Offer B&I CPE?
o Industry representation highly fragmentedo Members under 35 not finding valueo TSCPA’s Center for Corporate Financial
Leadership (CCFL) program (web-based) failing
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Concepts from TSCPA Data
o Offer CPE that emphasizes soft skills, i.e., not industry specific
o Offer CPE that boosts opportunities for internal advancement
o Incorporate networking
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Fort Worth Chapter, Texas Society of Certified Public Accountants
B&I Members Survey Analysis
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Fort Worth Chapter, Texas Society of Certified Public Accountants
B&I Members Survey
o Questions refined from TSCPA datao Focus: how to craft CPE offerings valued
by B&I members
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Survey Tactics
o Web-basedo Emailed to all FWC members, with
incentive to respondo Forwarded to approximately 50
nonmembers by Task Forceo 231 respondents, of whom 140 identified as
B&I
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Respondents DemographicsSkewed Younger, Non Public Practice
Survey Respondents All FWC Members
Percent in public practice 35% 45%
Percentage 35 or under 16 19
Percentage 36 – 49 41 31
Percentage 50 and over 43 50
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Context for CPE Choice:B&I Memberso 78% said they select their own CPEo 72% said their employer pays for their CPE
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Context for CPE Choice:Line of BusinessBusiness Line Respondents
Other (none of the 18 industries offered) 22%
Manufacturing 19
Healthcare 15
Finance/investment 12
Consulting 6
Retail/wholesale sales 6
Nonprofit 5
Educational institutions 5
Oil and gas 5
All others 4 % or less
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Leadership Skills CPEo Communication skills o Creative problem solving o Critical thinking o Leadership qualities o Motivation and delegation o Negotiation tacticso Leading organizational change o Project and time management o Assessment of personal leadership type o Work /life balanceTopics listed in order of score by all participants, 1 – 5 scale
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Interest Levels: Top SixTopic B&I Score Public Practice
ScoreCombined Score
Communication 3.9 3.9 3.9
Creative problem solving 3.8 3.8 3.8
Motivation and delegation skills 3.8 3.8 3.8
Critical thinking 3.8 3.7 3.8
Negotiation tactics 3.8 3.7 3.7
Leadership qualities 3.7 3.8 3.8
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Topics rated on a 1 – 5 scale: 1 = not interested, 5 = very interested
Fort Worth Chapter, Texas Society of Certified Public Accountants
Recommendations
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Recommendations: Concepts
o Institutionalize focus on this membership segment
o Address B&I interests in program offeringso Support favorable choices by members’
employers
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Institutionalize Focus on B&I
o Create a standing committee to monitor issues and address needs of members in business & industry
o Establish as a criteria for the nominating process that B&I members are represented among elected leadership
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Address B&I Interests in Program Offeringso Create leadership/soft skills course(s) with
executive MBA caliber curriculum and instruction
o Assure curriculum develops transportable skills, i.e. not specific to role or industry
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Address B&I Interests in Program Offeringso Add B&I topics to Free CPE Day trackso Create a forum for the controller subset of
the B&I group
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Support Favorable Choices by Employerso Create a Chapter Champion program for
employers of large numbers of CPAso Create on-campus events at large
employers, providing tour, receptions, etc., on-site with CPA-specific tour details
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Support Favorable Choices by Employerso Activate the Large Employers Task Forceo Give that task force mandate to explore
incentives for employers to encourage membership and participation in TSCPA
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Activating RecommendationsRecommendation Responsible Entity
Create a standing committee Executive Committee
Create a leadership/soft skills course or courses
Executive Committee on resource, then CPE Oversight or subcommittee thereof
Add B&I topics to Free CPE Day Free CPE Day Committee
Create Controllers Forum New B&I Committee
Chapter Champions program New B&I Committee
On-campus events series New B&I Committee
Activate Large Employers Task Force Executive Committee
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Fort Worth Chapter, Texas Society of Certified Public Accountants
Questions and Discussion
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