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

Tuesday, 17 July 2018   11:30 AM PDT, 02:30 PM EDT

Training Duration = 60 min                  Sponsored by Online Compliance Panel

Click Here to register $200.00

Click Here to register and receive CD recording $400.00

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.

Learning Objectives:

  • 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

Instructor

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.