The Impact of the Digital Revolution on the Accounting Profession

Authored by Gary Cokins
About this Course
Topics covered include: The Threat from the 'Digital Revolution'; How Artificial Intelligence Impacts Industries; Continuums of Business Analytics; Opportunities and Risks from Robotic Process Automation (RPA); Phases of Software and Auditing-SAS 99; Skills Needed for Artificial Intelligence; Five Effects of Automation on Accounting; Risk Mitigation for the Impact of Digital Automation. Upon completing this course, you should be able to: Recognize how artificial intelligence (AI), robotic process automation (RPA), and machine learning will impact jobs in accounting; Identify why this impact can be a threat but also an opportunity; Describe the continuum of business analytics; Identify skills needed to embrace digital automation; Recognize impacted functions: transactional, period end closing, auditing, regulatory filings; Identify how to mitigate risks from digitalization automation; Describe the digital revolution; Describe business analytics; Recognize why the accounting profession is particularly vulnerable to automation; Differentiate recent phases of accounting software automation; Identify how computer assisted audit tools and techniques (CATTS) specifically improve the auditing process; Recognize how accountants can reduce the impact of automation on their own role; Identify how digitization is expected to affect CPA firms; Describe how organizations that embrace a 'digital disruptor' way of thinking will change; Recognize myths about artificial intelligence; Identify when the first attempts at automating data analysis took place; Recognize how the digital revolution will require accountants' roles in effective decision making to shift.
$ 75.00
Course is unavailable for purchase.
NASBA Field of Study
Computer Software & Applications
Level
Overview
CPE Credits
2.0
Prerequisites
None
Last Updated
08/30/2018
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