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. Pathways Vision Model Interdependent Elements How will accounting likely motivate you to work harder and smarter? How can the Vision Model help you think more critically? How does accounting benefit society?

9. Pathways Vision Model Consequences of Users’ Decisions Corporate executives Bonus decisions Sales report Assess usefulness When should revenue be recognized Sales activities

10. Pathways Vision Model Consequences of Users’ Decisions + or - Anticipated + or - How will accounting likely motivate you to work harder and smarter?

11. Pathways Vision Model Consequences of Users’ Decisions + or - Anticipated + or - Everything affects everything

12. Pathways Vision Model Critical Thinking How can the Vision Model help you think more critically?

13. Pathways Vision Model Prosperous Society How does accounting benefit society?

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

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

16. A balance sheet is a fuzzy, but useful, picture of a company’s financial health at a reporting date, if properly interpreted. Picture of company’s financial health at reporting date Pathways Vision Model Drilling Deeper

17. http://integral-options.blogspot.com/2013/03/eric-storm-and-beth-meredith-beyond.html How are we going to deal with complexity? Success Factors  Internalize concepts  Apply concepts repeatedly in diverse contexts Pathways Vision Model Drilling Deeper

18. COMPLEXITY SIMPLICITY

19. COMPLEXITY “I wouldn’t give a fig for the simplicity this side of complexity but I’d give my life for simplicity on the far side of complexity” Oliver Wendell Holmes SIMPLICITY

20. SIMPLICITY ON THIS SIDE OF COMPLEXITY SIMPLICITY ON THE FAR SIDE OF COMPLEXITY Simple but shallow Simple yet deep

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

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

23. 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

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

25. Questions or comments?