Intelligent Accounting: Exploring AI and RPA Applications

Author: Cory Campbell

Advancements in technology improve our lives by offering significant benefits in terms of speed, accuracy, and productivity. Artificial intelligence (AI) and robotics process automation (RPA) allow us to re-imagine new ways to add value to the firm by transforming the way we think about our internal processes. Emergent technologies such as AI and RPA necessitate continuous learning and relearning that will have a profound effect on the accounting profession. As AI and RPA become the norm, what is the impact for skills and workforce transitions required for the future of work? Participants will delve into the practical applications of AI and RPA in accounting, gaining the expertise needed to thrive in an era where intelligent technologies are reshaping the accounting landscape.

Publication Date: November 2024

Topics Covered

• Fundamentals of Artificial Intelligence and Robotic Process Automation and their specific applications in accounting processes
• Strategies for strategically implementing AI and RPA technologies into accounting workflows
• Risks, Ethical Considerations, and Professional Skepticism
• Key skills for the future of work in this AI/BOT enabled world

Learning Objectives

• Identify how to articulate the fundamental concepts of Artificial Intelligence and Robotic Process Automation and explain their relevance to accounting
• Identify how to evaluate the integration of AI and RPA into accounting processes, identifying areas for increased efficiency and reduced manual efforts
• Identify how to develop a problem-solving mindset by applying AI and RPA solutions to accounting challenges
• Identify more than how many devices will be connected to the IoT, generating 79.4 zettabytes of data yearly, by 2025
• Identify one of the risks with respect to the AI revolution

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Information Technology (2 hours)

Program Prerequisites
None

Advance Preparation
None