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

2. 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?

3. What is the public perception of accounting?

4. Public Perception of Accounting

5. What is the reality of accounting?

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

7. Reporting entity Pathways Vision Model Inclusive Sales activities Sales department

8. Video Excerpts: 8 Student Introduction to Pathways Vision Model

9. How can the model enhance your new hires’ skills?

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

11. Video Excerpts: 11 Student Introduction to Pathways Vision Model

12. What must happen for recruiters to stress these skills?

13. Pathways Vision Model Consequences of Public Perception for Judgment Hierarchy

14. Education Outside companies Media Voting public Special interests PCAOB FASB GAAP Congress SEC GAAS Inside companies  Board  CFO  Controllers  Record keepers ReportsUsers Auditors Other © 1991-2014 NavAcc LLC, G. Peter & Carolyn R. Wilson Consequences of Public Perception for Judgment Hierarchy

15. How can we work together to transform the public perception?

16. Questions or comments?