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10.30 - 11.10. The Accounting Professional – growth and development. Alan Nelson Director, Accountingcpd.net. www.ifa.org.uk. the accounting professional - growth & development Alan Nelson IFA MIDLANDS REGIONAL CONFERENCE April 2014. Alan Nelson Biog MD, Nelson Croom Ltd
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10.30 - 11.10 The Accounting Professional – growth and development • Alan Nelson • Director, Accountingcpd.net • www.ifa.org.uk
the accounting professional - growth & development Alan Nelson IFA MIDLANDS REGIONAL CONFERENCE April 2014
Alan Nelson Biog MD, Nelson Croom Ltd Publisher, accountingcpd.net Member, ACCA SME Committee Chair, ICAEW Practice Assurance Committee
Complaints procedure CPD Client money Basis of fees What has PAC taught me? laws regulation & professional standards client acceptance and disengagement competence quality control Engagement letters Data protection Know your client PII
Which one is the professional? ....the one that puts the interests of their clients first
Technicians Centaurians Super-technicians T-shaped Which accountant are you?
T What does it mean?
Have you had any irregular bowel movements? Are you experiencing any abdominal discomfort?
T-shaped accountants are ones that have, on top of their core accounting skills, a span of commercial skills from business understanding to strategic thinking and soft people skills from influencing to leadership Peter Simons, CIMA T-shaped
Business and commercial skills Management skills Leadership skills Interpersonal skills ....to go with the technical knowledge and skills that underpins it all T-shaped
Growth & Development
Continuing Professional Development
CPD Definition: Chartered Institute of Personnel and Development “ Continuing Professional Development (CPD) is a process by which individuals take control of their own learning and development, by engaging in an on-going process of reflection and action....... ”
CPD Definition: Chartered Institute of Personnel and Development “ Continuing Professional Development (CPD) is a process by which individuals take control of their own learning and development, by engaging in an on-going process of reflection and action....... ”
CPD Definition: Chartered Institute of Personnel and Development “ Continuing Professional Development (CPD) is a process by which individuals take control of their own learning and development, by engaging in an on-going process of reflection and action....... ......This process is empowering and exciting and can stimulate people to achieve their aspirations and move towards their dreams. ”
“ Continuing Professional Development (CPD) is a commitment by members to continually update their skills & knowledge in order to remain professionally competent and achieve their true potential. Royal Institution of Chartered Surveyors ” “ Stay up-to-date and get more from your career.... build or refresh personal effectiveness IFA ”
“ The danger is that CPD will further compound the superficial notion of professionalism Fiona Patrick, Journal of Education ”
T What does it mean?
T Personal skills Prof skills KPIs Cost control Outsourcing Planning Budgeting SME Finance FRS 102 Tax updates Auto-enrolment
T 30 hours of CPD What does it mean?
Proactive events online branches research Reactive reading discussions 30 hours of CPD
Regional conference : 7 hrs Reading magazine: 6 hrs Branch Meeting: 1 hrs Online: 16 hrs 30 hours of CPD
the accounting professional - growth & development Alan Nelson IFA MIDLANDS REGIONAL CONFERENCE April 2014