W. R. Grace & Company – When Debits Don’t Equal Credits for Professionals and Industry


This course is different–radically different. It is designed to generate thinking and discussion among colleagues about the significant changes, trends and demographics facing the future of our chosen profession. It is offered in the spirit of collegiality to current and future leaders of the profession who want to have an impact beyond the existing year’s bottom line.

Learning Objectives
  • Explore the major trends already altering the future of the profession
  • Examine the immutable future demographics and why the war for talent will increase
  • Learn why the current accounting model is in need of renovation and innovation
  • Understand the three alternative paths the profession can go down, and why its destiny is in the hands of today’s leaders
Major Topics
  • A brief history of the accounting profession
  • What is means to be a professional
  • The Old Practice Equation vs. the New Practice Equation
  • The gap in GAAP, the invisible balance sheet, and why debits don’t equal credits in an intellectual capital economy
  • Why canaries are more valuable than accountants–leading versus lagging indicators and the Alternative Financial Reporting Model
  • What economists have to say about the value of an audit, accounting and regulatory reform, and the promulgation of accounting standards
  • Demographic and international trends in the profession
  • Commoditization, outsourcing, and emerging growth services in the profession
Business Learning Institute
Course Level
Professional Area of Focus
T Shaped Professional Anticipating and Serving Evolving Needs
CPE Field of Study
Business Management & Organization
Who Should Attend

Any CPA in public or private practice in search of a dynamic and thought-provoking course about the future of their profession

Ronald Baker Ronald Baker

Management experience

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Aug 26, 2020
1:00 pm - 4:30 pm EDT
Total CPE Credits
Live Webcast

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W. R. Grace & Company – When Debits Don’t Equal Credits for Professionals and Industry

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