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

Understand AI and RPA and Their Future Role in Accounting

A recent MIT-Boston Consulting study of more than 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.

In this session, accounts payable expert Mary Schaeffer will define AI and RPA and explain how these futuristic tools apply to today’s—and tomorrow’s—accounting practices. Schaeffer will then provide practical information about the skills you’ll need to acquire to make effective—and competitive—use of these technologies in your accounting work. She’ll also explain how to acquire those skills.

Session Objectives

By the end of 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

NASBA Category of Study: Accounting

Level: Basic

Who Should Attend

  • Accountants: Controllers, Assistant controllers, Accountants, Accounting managers, GL Managers
  • Auditors: Company Internal Auditors, Accounting Firm Auditors
  • Finance Professionals
  • CFOs
  • Procurement
  • Accounts Payables: Managers, Directors, Supervisors and Professionals
  • Accounts Receivables: Managers, Directors, Supervisors and Professionals
  • Administrative Assistants
  • Managing Partners
  • Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Attorneys
  • Financial Planners
  • Others
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