Pathways Commission Vision Model for Accounting Education G. Peter and Carolyn R. Wilson AAA Advisory Group Meeting, August 3, 2014

Agenda  Introduce Vision Model  Discussion: How can the Model enhance your new hires’ skills?  Drilling deeper  Discussion: What must happen for recruiters to stress these skills?  Consequences of the current public perception  Discussion: How can we work together to transform the public perception?

What is the public perception of accounting?

Public Perception of Accounting

What is the reality of accounting?

Pathways Vision Model Reality of Accounting  Inclusive  Interdependent elements  Simple, yet deep

Reporting entity Pathways Vision Model Inclusive Sales activities Sales department

Video Excerpts: 8 Student Introduction to Pathways Vision Model

How can the model enhance your new hires’ skills?

 Analyze economic activity  Events  Analysis  Accounting Judgments  Entries  Financial-statement effects  Ratio effects  Computations  Risks & incentives Pathways Vision Model Drilling Deeper

Video Excerpts: 11 Student Introduction to Pathways Vision Model

What must happen for recruiters to stress these skills?

Pathways Vision Model Consequences of Public Perception for Judgment Hierarchy

Education Outside companies Media Voting public Special interests PCAOB FASB GAAP Congress SEC GAAS Inside companies  Board  CFO  Controllers  Record keepers ReportsUsers Auditors Other © NavAcc LLC, G. Peter & Carolyn R. Wilson Consequences of Public Perception for Judgment Hierarchy

How can we work together to transform the public perception?

Questions or comments?