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Scientific Management and Other Leading Techniques of a Modern CPA Firm
Ed KlessRon BakerTom Hood
#greatcpe
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Efficiency
I knew I could control one thing, and that is my time and my hours and my effort and my efficiency.
- Ryan Seacrest
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λογόs
In the beginning there was the ratio, and the ratio was with God, and the ratio was God.
- John 1:1
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My Quest for Generic Efficiency
Inputs---------- Outputs
Is---------- Ought
Ron Baker, FounderVeraSage Institute Why
Timesheets Are
Critical
Taylorism: The application of scientific methods to the problem of obtaining maximum efficiency in work
“Taylor’s Scientific Management idea is perhaps the most powerful
as well as the most lasting contribution America has made to
Western though since the Federalist Papers.’”
Peter Drucker
“What you can measure you can
manage.”
––The McKinsey Maxim
Taylor’s Scientific System
1. Break down job into its component parts.
2. Time each of those parts with a stopwatch to find out just how quickly they can be achieved by the quickest and most efficient workers.
3. Get rid of any parts of the job that aren’t necessary.
4. Add in “about” 40 percent to the time for unavoidable delays. Over time, SM will take this to zero
5. Organize your pay system so that the most efficient people can earn considerably more money by meeting the optimum times, while the average have to struggle to keep up.
Four Reasons Why Timesheets Are Critical
1. They are a pricing tool2. They are a cost accounting tool3. They measure the efficiency of our
professionals4. They are a project management tool
Twitter @ronaldbaker
Phone 707.769.0965
VeraSage website/blogwww.verasage.com
Thank You!
Efficiency in Professional Project Management
• BAC – Budget at completion• AC – Actual costs to date• PV – Planned value = Planned % complete * BAC• EV – Earned value = Actual % complete * BAC• CV – Cost variance = EV – AC• SV – Scheduled variance = EV – PV • CPI – Cost performance index = EV / AC • SPI – Scheduled performance index = EV /PV
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Getting to Some Efficiency Metrics
• BAC = $50,000• AC = $20,000• Planned % complete = 75%• Actual % complete = 25%
• PV = 75% * $50,000 = $37,500• EV = 25% * $50,000 = $12,500• CV = $12,500 – $20,000 = $7,500• SV = $12,500 – $37,500 = $25,000• CPI = $12,500 / $20,000 = 62.5%• SPI = $12,500 / $37,500 = 33%
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If there is a conversation about the future of the profession, you're bound to hear Hood's name mentioned as one of the people leading the way. – Accounting Today
Tom Hood, CPA, CITP, CGMA
• Named the Second Most Influential in Accounting by Accounting Today Magazine 2013
• Top 150 Influencer by Linked-In• Top 25 Influencers in Learning & HR by HR Examiner• Top 25 Public Accounting Thought Leaders by CPA
Practice Adviser• Working on Learning Management with
AICPA/CPA2Biz, Cloud Curriculum, Performance Management /XBRL, Leadership & Generations
CEO
Maryland Association of CPAs (MACPA) www.macpa.org
Business Learning Institute (BLI) www.blionline.org
http://www.linkedin.com/in/tomhood/
Where did I get this stuff?
The research…
www.blionline.org
The Research – is all wrong
“Hard is soft and soft is hard”
We say,Hard is harder and soft is not needed
www.blionline.org
1. A shortage of creative, agile leaders.2. Inability to rapidly develop workforce skills and
capabilities.3. Ineffective collaboration and knowledge sharing.
Source: 2010 IBM Global Chief Human Resource Officer study
The top three issues facing human resources & talent development
www.blionline.org
• Career Path (Ladder)• Competency-based
Learning• Curriculum• Cloud
Our approach – The Four C’s
The TTHUD is the way
Technical TrainingHelpingUDevelop
Gladwell was partially right.
Accounting & tax mastery require more training
www.blionline.org
How can we help you keep your L>C?• Strategy & Alignment• Curriculum tied to
strategy• I2a Leadership
Academy• BLI Leadership Express
- on-demand leadership support
• Social learning
In a period of rapid change and increasing complexity, the winners will be those organizations who can keep their rate of learning greater than the rate of change and greater than their competition. – Tom Hood
http://cpa.tc/32r
Leadership Education for Accounting Professionals
New technologies. New trends. New client expectations.
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Leadership Education for Accounting ProfessionalsThe Sage Difference
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Leadership Education for Accounting Professionals
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Leadership Education for Accounting Professionals
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