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myCPE

AI & Accounting - What You Need to Know 3.5 Credits

AI & Accounting - What You Need to Know 3.5 Credits

  • Rating

    4.6
  • Published on

    April, 2024
  • Subject Area

    Accounting

Learning mode

E-Book
  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate

Learning Objective

  • Apply AI-powered tools for efficient tax preparation.
  • Utilize Robotic Process Automation (RPA) for error reduction in accounting tasks.
  • Discuss CPAs' responsibility in AI-driven decision outcomes.
  • Implement OCR technology for data extraction in accounting processes.
  • Identify limitations and benefits of AI algorithms in financial datasets.
  • Enhance financial analysis through AI-powered tools.
  • Evaluate organizational readiness for AI adoption.
  • Manage costs effectively in AI implementation.

Course Overview

Artificial Intelligence (AI) is revolutionizing various industries, and accounting is no exception. With the advent of AI technologies, the landscape of accounting is undergoing significant transformations, promising increased efficiency, accuracy, and insights. 

In this CPE Accounting Course, participants will delve into the intersection of AI and accounting, exploring advanced techniques and applications that redefine traditional practices. With a focus on practicality and real-world relevance, this course equips accounting professionals with the skills and knowledge needed to excel in today's rapidly evolving digital landscape.

Throughout the course, participants will gain hands-on experience in utilizing AI-powered tools for tax preparation, financial analysis, and fraud detection. They will also learn how to leverage Robotic Process Automation (RPA) for error reduction and streamline accounting tasks. Ethical considerations in AI-driven decision-making processes will be thoroughly examined, ensuring participants understand their responsibilities as CPAs.

Whether you're a seasoned accounting professional or just starting your career, this course offers invaluable insights and skills that will set you apart in the competitive accounting landscape. Join us on this journey to harness the full potential of AI and elevate your accounting expertise.

Topics Covered:

  • History and Evolution of AI
  • AI Technologies in Accounting Software
  • Robotic Process Automation
  • Considerations When Adopting AI
  • Using AI for Data Analysis and Reporting
  • Data cleansing
  • Data Normalization

Join us and unlock the full potential of AI in accounting, gaining a competitive edge in the dynamic financial landscape.

On Demand Credits for All Qualifications

License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 3.5 CPE Approved
Accounting for CPA in Canada 3.5 CPD Eligible
Financial Accounting for Certified Internal Auditors (CIA) 3.5 CPE Eligible
Accounting for Certified Management Accountants (CMA) 3.5 CPE Eligible
Accounting for Chartered Financial Analyst (CFA) 3.5 PL Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 3.5 CPE Eligible
Accounting for Certified Government Financial Manager (CGFM) 3.5 CPE Eligible
IT considerations to the financial statement audit for Certified Information Technology Professionals (CITP) 3.5 CPD Eligible
Accounting for Certified Fraud Examiner (CFE) 3.5 CPE Eligible
Accounting for Internal Audit Practitioner (IAP) 3.5 CPE Eligible
Association of Chartered Certified Accountants (ACCA) 3.5 CPD Eligible
Chartered Accountant - ICAEW 3.5 CPD Eligible
Digital Forensics for Certified Financial Forensics (CFF) 3.5 CPD Eligible
Financial accounting for Certified Valuation Analyst (CVA) 3.5 CPE Eligible
Accounting for Qualification in Internal Audit Leadership (QIAL) 3.5 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 3.5 CPE Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 3.5 CPE Eligible
Accounting for CIPM 3.5 PL Eligible
Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 3.5 CPE Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 3.5 CE Eligible
Chartered Accountants - Ireland (CAI) 3.5 CPD Eligible
Chartered Accountants - Scotland 3.5 CPD Eligible
CPA - Ireland 3.5 CPD Eligible
License details Credits Status
Accounting for Certified Public Accountants (CPA-US) 3.5 CPE Approved
Accounting for CPA in Canada 3.5 CPD Eligible
Financial Accounting for Certified Internal Auditors (CIA) 3.5 CPE Eligible
Accounting for Certified Management Accountants (CMA) 3.5 CPE Eligible
Accounting for Chartered Financial Analyst (CFA) 3.5 PL Eligible
Accounting for Delaware Licensed Public Accountant (DE-LPA) 3.5 CPE Eligible
Accounting for Certified Government Financial Manager (CGFM) 3.5 CPE Eligible
IT considerations to the financial statement audit for Certified Information Technology Professionals (CITP) 3.5 CPD Eligible
Accounting for Certified Fraud Examiner (CFE) 3.5 CPE Eligible
Accounting for Internal Audit Practitioner (IAP) 3.5 CPE Eligible
Association of Chartered Certified Accountants (ACCA) 3.5 CPD Eligible
Chartered Accountant - ICAEW 3.5 CPD Eligible
Digital Forensics for Certified Financial Forensics (CFF) 3.5 CPD Eligible
Financial accounting for Certified Valuation Analyst (CVA) 3.5 CPE Eligible
Accounting for Qualification in Internal Audit Leadership (QIAL) 3.5 CPE Eligible
Accounting for Iowa Licensed Public Accountant (IA-LPA) 3.5 CPE Eligible
Accounting for Maine Licensed Public Accountant (ME-LPA) 3.5 CPE Eligible
Accounting for CIPM 3.5 PL Eligible
Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) 3.5 CPE Eligible
Financial accounting concepts for Certified FP&A Professional (FP&A) 3.5 CE Eligible
Chartered Accountants - Ireland (CAI) 3.5 CPD Eligible
Chartered Accountants - Scotland 3.5 CPD Eligible
CPA - Ireland 3.5 CPD Eligible

Additional Information

Credits

3.5

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Author

Kelen is a recognized author and reviewer of CPE courses and has authored over 150 courses (370+ 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 a Principal in Accounting Policy with HP in Doha, Qatar.  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.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

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JK

Jennifer Krugler, CPA (US)
5

So helpful in understanding where the profession is going and what our next steps are to adapt to the change.

PK

Pam Krueger, CPA (US)
5

Great information that is relevant to our current business environment

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Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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  • Exclusive Mobile App Access
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