© councilor, buchanan & mitchell, p.c. past, present and future a chronicle of history......

© Councilor, Buchanan & Mitchell, P.C.

Past, Present and Future

A Chronicle of History . . .

January 10, 2014

© Councilor, Buchanan & Mitchell, P.C.

Past

1494Luca Pacioli issues book introducing double-entry accounting

In 1494, the first book on double-entry accounting was published. The author was an Italian friar, Luca Pacioli. His impact on accounting was so great that five centuries later, accountants from around the world gathered in the Italian village of San Sepulcro to celebrate the anniversary of the book's publication. The first accounting book actually was one of five sections in Pacioli's mathematics book titled "Everything about Arithmetic, Geometry, and Proportions." This section on accounting served as the world's only accounting textbook until well into the 16th century.

Accounting practitioners in public accounting, industry, and not-for-profit organizations, as well as investors, lending institutions, business firms, and all other users for financial information are indebted to Luca Pacioli for his monumental role in the development of accounting.

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Past

1794The locomotive is invented

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Past

1828 The B & O Railroad was founded

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Past

1865 Transcontinental Railroad unifies America

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Past

1920Eighteenth Amendment to the United States Constitution establishing prohibition was ratified

Nineteenth Amendment to the United States Constitution granted women the right to vote

The Wall Street bombing occurred at 12:01 pm on Thursday, September 16, 1920, in the Financial District of New York City

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Past

James A. Councilor, Sr.

1921James Councilor left the Bureau of Internal Revenue to form Councilor & Company

1924Became the President of the Greater Washington Society of CPAs

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Past

1929Wall Street crashes. The Dow Jones Industrial Average plummeted to 68 points.

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Past

1929The Great Depression began

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Past

Edna Nick

1930Edna Nick joins firm and becomes one of the first women employed by an accounting firm. She was also the first women to pass the CPA exam in Virginia.

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Past

1932Dennison “Dooley” Mitchell joins Councilor & Company

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Past

1933William Buchanan joins and forms Councilor & Buchanan

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Past

1934SEC is founded

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Past

1936-1938Generally Accepted Accounting Principles (GAAP) is created

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Past

1938Name changes to Councilor, Buchanan & Mitchell

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Past

1941Attack on Pearl Harbor

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Past

1943Income tax withholding is introduced

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Past

1945CBM Principal, Eugene Stossel receives Elijah Watts Sells award for the highest CPA exam score

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Past

1945The atomic bombings of Hiroshima and Nagasaki

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Past

1947Name changes to Councilor, Buchanan, Mitchell & Hayes

1953Edna Nick becomes first female partner of Councilor, Buchanan & Mitchell

1961Name changes to Councilor, Buchanan & Mitchell

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Past

1964Japan began operations of the first High-speed train, know as the bullet train

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Past

1964Beatles appear on the Ed Sullivan Show

The Who is formed

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Past

1965At a club in England, Pete Townsend accidentally breaks guitar neck on low ceiling

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Past

1979Visicalc electronic spreadsheet introduced

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Past

1981CBM acquires its first computer

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Past

1983Women employees allowed to wear pants to CBM office

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Past

1986First Dooley Mitchell Award goes to Vincent Crescenzi

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Past

1990CBM Basketball Team wins championship of CPA League

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Past

2001Vincent Crescenzi becomes managing partner

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Past

2002CBM transmits first e-filed return

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Past

2003CBM goes paperless

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Present

CBM Anniversaries2013 2014

MayKaren Yingst 5 yrs Tissie Boland 5 yrs

JanuaryJohn Comunale 20 yrsSean Griffin 10 yrs Robert Aceituno 5 yrs

SeptemberMartina Childress 10 yrs

JuneNgon Olive 39 yrs

NovemberWyatt Hardiman 15 yrs Melanie Todd 5 yrs

SeptemberVince Crescenzi 45 yrs Dan Weaver 15 yrs

DecemberLisa Sippel 10 yrs Keith Laudenberger 5 yrs

DecemberPete Reilly 35 yrs Lorraine Flude 20 yrs

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Present

New EmployeesDominick Bellia

Norah JonesMaria LuckIan NasibTamara Vonderhorst

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Present

January BirthdaysKim Poch 5th

Ngon Olive 7th

John Mullins 11th

Sean Griffin 18th

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Present

Practice Management - Projects

Engagement Letters

Tax Returns Financial Statements

1,085 3,202 198

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Present

ORGANIZATION CHARTJANUARY 1, 2014

Shareholders/Executive Committee

Secretary▪ Contracts▪ Legal

President/Treasurer Treasurer

Vice PresidentTax

▪ Customer Service▪ Marketing▪ Delivery System

Vice PresidentAuto

▪ Customer Service▪ Marketing

Vice PresidentNonprofit

Chairman of the Board/Executive Committee

SecretaryPresident/Treasurer Treasurer

ReportingManager

ReportingManager

ReportingManager

ReportingManager

▪ Customer Service▪ Marketing

Chief Financial Officer

▪ G/L▪ Human Resources▪ Administration

Staff

Manager Manager Manager

Staff Staff StaffStaffStaffStaff

▪ Contracts▪ Legal

DirectorQuality Control▪ Standards/Peer Review▪ Delivery System

ProductionDepartment

DirectorTechnology

DirectorConstruction/RE▪ Customer Service▪ Marketing ▪ CPE

DirectorProfessional Development▪ CPE

Vice PresidentBenefit Plans

▪ Customer Service▪ Marketing

MarketingCoordinator

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Future

Project Clear Path Communication Busy Season Mentors Ascertainable Goals Director of Professional Development

Clarify expectations for the continued professional education of each staff member

Specify the options available for staff improvement Make clear the connection between continuous professional development and

institutional rewards Ensure adequate funding for staff development activities Purposefully determine staff development activities based upon a careful

assessment of staff member needs Employ accepted methods of teaching and learning in staff development

activities

Taco Bell Breakfast

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Future

One Firm

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Future

MyPlace

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Future

CBM 100 Mission Statement

CBM will provide valued solutions and timely services to assure our clients’ success.

Tag lineCentered on Your Success

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Future

Match the Mission Statement GameAuto Nations “Your goals. Our strategy”

BAE Systems “We Never Forget Who We Are Working For”

Dorsey Hall University of Miami, OH “Achieve with us”

Fitzgerald Auto Mall Empathy – originality – integrity – courage

Levi Strauss & Co. “Treating customers the way they would want to be treated…with honesty, respect and dignity”

Lockheed Martin Corporation “We are Ladies and Gentlemen serving Ladies and Gentlemen”

Nordstrom “We protect those who protect us”

Ritz-Carlton “Our goal is to provide outstanding service every day, one customer at a time”

The Arc of Northern Virginia “To be America’s best run, most profitable automotive dealer”

West Financial “Find yourself, know yourself, be yourself”

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Future

Match the Mission Statement GameAmazon “And you’re done”

Allstate “The good hands people

Auto Nations “To be America’s best run, most profitable automotive dealer”

Avon The global beauty leader

BAE Systems “We protect those who protect us”

CBM “Our goal is to provide outstanding service every day, one customer at a time”

Dorsey Hall University of Miami, OH “Find yourself, know yourself, be yourself”

Facebook To give people the power to share and make the work more open and connected

Fitzgerald Auto Mall “Treating customers the way they would want to be treated…with honesty, respect and dignity”

Howard County Libraries We deliver high quality public education for all ages

Levi Strauss & Co. Empathy – originality – integrity – courage

Lockheed Martin Corporation “We Never Forget Who We Are Working For”

Nike “Just do it”

Ritz-Carlton “We are Ladies and Gentlemen serving Ladies and Gentlemen”

The Arc of Northern Virginia “Achieve with us”

West Financial “Your goals. Our strategy”

© Councilor, Buchanan & Mitchell, P.C.

Future

© Councilor, Buchanan & Mitchell, P.C.

Past, Present, Future

January 10, 2014