This course introduces the foundational concepts of artificial intelligence (AI) and AI’s relevance to accounting. Participants will explore various AI applications and understand the benefits, challenges, and future trends associated with AI integration in accounting. Case studies of successful AI implementation in accounting firms are included to enhance learning.
Learning Objectives
- Understand the fundamental concepts of AI and its relevance to accounting
- Explore various AI applications in accounting and finance
- Identify the benefits and challenges associated with integrating AI into accounting processes
- Examine case studies of successful AI implementation in accounting firms
- Discuss the future trends and potential impacts of AI on the accounting profession
Major Topics
- Understanding narrow AI vs. general AI
- Machine learning (ML), deep learning (DL), neural networks
- Natural language processing (NLP) and its role in accounting
- AI applications in accounting and finance
- Automated data entry and processing
- Expense management automation
- AI-driven audit support and compliance monitoring
- Financial forecasting and risk assessment
- Benefits and challenges of integrating AI
- Enhancing efficiency and accuracy in accounting processes
- Ethical considerations and risk management in AI adoption
- Overcoming resistance to AI implementation within firms
- Lessons learned from AI-driven transformations in finance departments
- Predicting AI's influence on the future of the accounting profession
- Preparing for the evolving role of accountants in an AI-enhanced environment
