This course provides an overview of Artificial Intelligence (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.
Publication Date: April 2024
Topics Covered
- Introduction to Artificial Intelligence (AI)
- AI Technologies in Accounting Software
- Using AI for Data Analysis and Reporting
- Considerations When Adopting AI
Learning 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
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (4 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Kelen Camehl
Kelen is a recognized author and reviewer of CPE courses and has authored over 145 courses (350 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 remained involved in CPA exam content development for nearly 10 years and 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 nearly 20 years of progressive finance and accounting experience. He currently serves as an Accounting Policy Advisor with HP. 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.