How to Prepare for a Robot-Automated and AI-Enhanced Future in Accounting

Duration: 60 Minutes
A recent MIT-Boston Consulting study of over 3,000 companies found that 80% of them believed AI (artificial intelligence) would give them a competitive advantage. What's more, we are already seeing the use of AI and RPA (robotic process automation) creeping into the business world, and more specifically into various accounting functions. This is one change that will radically impact many white-collar jobs. And that change will happen in the next few years, not ten or twenty years from now.
AI and RPA Technology in Accounting
Instructor: Mary Schaeffer
Product ID: 507118
Objectives of the Presentation
After this session you will be able to:
  • Define AI and RPA as they relate to accounting
  • Pinpoint situations where they can be used in your organization
  • Begin to plan for future applications
  • Identify the new skills needed to succeed in accounting in the future
  • Create an action plan for acquiring needed skills
Why Should you Attend
This session will begin with a definition of AI and RPA, with special reference to how they apply to accounting practices. Then the session will look at how these functions are being used in accounting as well as some projects on how they might be used in the future. The session will then turn to give practical information about the skills that will be in demand with relation to the use of these new technologies in accounting as well as some recommendations on how attendees can acquire those skills.

Areas Covered
  • Explanation of Artificial Intelligence (AI), Robotics Process Automation (RPA) and bots as they pertain to Accounting
  • Real life examples of where AI, RPA and bots are being used today
  • Look at the skills you will need to work with this new technology
  • Impact of AI, RPA and bots on accounting and accounts payable function
  • The type of professionals that will be in demand in the future
Who will Benefit
  • Accountants: controllers, assistant controllers, accountants, accounting managers, GL managers
  • Auditors: company internal auditors, accounting firm auditors
  • CFO
  • Procurement
  • Accounts payable: Managers directors, supervisors and professionals
  • Accounts receivable: Managers directors, supervisors and professionals
  • Other
$300
Recorded Session for one participant
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How it works
Live Session - How it works
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  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Mary S. Schaeffer is the author of 18 business books, a monthly newsletter, and a free bi-weekly e-zine, as well as several CPE courses for CPAs. She runs AP Now, a boutique publishing and consulting firm focused on accounts payable issues. She also serves as the Education Director for the Institute of Financial Operations. Before turning to writing and consulting she worked in the corporate world as an Assistant Treasurer for the Equitable Life Assurance Society, a Financial Risk Manager for O&Y and a Corporate Cash Manager for Continental Grain. A frequent and popular speaker at both live and online events, she has an MBA in Finance and a BS in Mathematics.
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