AI and Accounting – What You Need to Know ON DEMAND
Available Until
Your Desk
4.0 Credits
Member Price $116.00
Non-Member Price $133.00
Overview
This course provides an overview of AI in accounting. This course includes a detailed discussion of key AI concepts as well as its use in data analysis and reporting. This course also provides an overview of how organizations can implement AI solutions as well as the factors to consider when implementing these software solutions. This course concludes with a discussion of the common challenges and barriers to AI adoption.
Highlights
AI key concepts. Machine learning. Deep learning. Algorithms. Significance of AI in the accounting profession. AI technologies in accounting software. Tax preparation software. Robotic process automation. Ethical implications of adopting AI technologies. Using AI for data analysis and reporting. Using AI for data extraction, cleansing and normalization. Considerations when adopting AI. Integrating AI into existing workflows.
Prerequisites
None.
Designed For
CPAs, CEOs, CFPs, and other accounting professionals.
Objectives
Identify key concepts related to AI. Recognize subsets of machine learning. Identify key characteristics of deep learning. Recognize how AI can be used in the accounting profession. Identify key differences in traditional vs. AI-driven accounting software. Recognize examples of various types of AI accounting software. Identify AI tools like OCR and NLP for data extraction. Recognize AI algorithms for data cleansing. Identify data normalization and AI techniques. Identify AI-driven forecasting techniques for accurate predictions. Recognize readiness factors for AI adoption in organizations. Identify steps for integrating AI into existing processes and workflows. Recognize the importance of training and upskilling employees. Identify common challenges and strategies for AI adoption in organizations.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Kelen Camehl, Western CPE
Kelen is a recognized author and reviewer of CPE courses and has authored over 85 courses (225+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen has also remained involved in CPA exam content development for nearly 10 years and has authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s “Journal of Accountancy”.
Kelen has over 15 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Consultant with HP, Inc. in Dallas, TX. Most recently he was located in Budapest, Hungary on a three-year international assignment and served in the company’s Houston, TX location prior to this assignment. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.
Non-Member Price $133.00
Member Price $116.00