The Impact of the Digital Revolution on the Accounting Profession

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The Impact of the Digital Revolution on the Accounting Profession

Learning Objectives

To recognize how artificial intelligence (AI), robotic process automation (RPA), and machine learning will impact jobs in accounting.
To identify why this impact can be a threat, but also an opportunity.
To describe the continuum of business analytics.
To identify skills needed to embrace digital automation.
To recognize impacted functions: transactional, period-end closing, auditing, and regulatory filings.
To identify how to mitigate risks from digitalization automation.
To describe the five effects of automation on accounting.
To recognize which types of analytics are included within the future view of the analytical continuum.
To identify which strategies relate to improving process efficiencies, unique access to low-cost inputs, vertical integration, avoiding certain costs, etc.
To describe the top end of the analytics continuum.
To describe correct statements regarding the effects of automation on accounting.
To identify the lowest point on the intelligence hierarchy.

Course Description

There is an accelerating and disruptive digital technology transformation in progress. It is referred to as the “digital revolution”. It can potentially adversely impact an organization’s competitiveness and will replace employee jobs with computers. The accounting profession needs to prepare itself for substantial change and a threat to jobs in accounting. Vulnerable jobs are transactional ones (e.g., payroll, payables, receivables, auditing, filings).

Digital transformation is not exclusively about physical robots, but also about software robots that perform functions that white collar employees perform. Digital transformation presents great potential but also raises concerns. It can provide invaluable business enhancements, but also be a threat to one’s job security.

Key Topics Covered in this CPE Computer Software Webinar:

Overview — Maturity Stages of Analytics
What is Business Analytics...and Why?
The Digital Revolution — Opportunities and Threats
5 Effects of Digitization on Accountants
Benefits and Summary

Join Gary Cokins, CPIM, as he walks through the threats and effects of the digital revolution on the accounting profession.

Webinar Qualifies For

2 CPE Credit of Information Technology for Certified Public Accountants (CPA-US)
2 General Credit of Information Technology for Accountant/Bookkeeper/Tax Professionals
2 CPD Credit of Information Technology for CPA in Canada
2 CPE Credit of Information Technology for Certified Internal Auditors (CIA)
2 CPE Credit of Information Technology for Certified Fraud Examiner (CFE)
2 CPE Credit of Information systems for Certified Management Accountants (CMA)
2 CPD Credit for Association of Chartered Certified Accountants (ACCA)
2 CPE Credit of Information Technology for Certified Government Financial Manager (CGFM)
2 CPD Credit of Information Technology for Certified Information Technology Professionals (CITP)
2 CPD Credit for Chartered Accountant - ICAEW
2 CE Credit of Information Technology (inc. Excel) for Certified FP&A Professional (FP&A)
2 CPD Credit for Chartered Accountants - Scotland
2 CPE Credit of Information Technology for Iowa Licensed Public Accountant (IA-LPA)
2 CPD Credit for Chartered Accountants - Ireland (CAI)
2 CPD Credit for CPA - Ireland
2 CPE Credit of Information Technology for Maine Licensed Public Accountant (ME-LPA)
2 CPE Credit of Information Technology for Delaware Licensed Public Accountant (DE-LPA)

About Instructor

Gary Cokins, CMA, MBA

Advisor, Gary Cokins

Gary Cokins is an internationally recognized expert, speaker, and author in enterprise and corporate performance management improvement methods and business analytics. He is the founder of Analytics-Based Performance Management, an advisory firm located in Cary, North Carolina at www.garycokins.com . Gary received a BS degree with honors in Industrial Engineering/Operations Research from Cornell University in 1971. He received his MBA with honors from Northwestern University’s Kellogg School of Management in 1974.Gary began his career as a strategic planner with FMC’s Link-Belt Division and then served as Financial Controller and Operations Manager.

In 1981 Gary began his management consulting career first with Deloitte consulting, and then in 1988 with KPMG consulting. In 1992 Gary headed the National Cost Management Consulting Services for Electronic Data Systems (EDS) now part of HP. From 1997 until 2013 Gary was a Principal Consultant with SAS, a leading provider of business analytics software.

Additional Information

Duration

2 Hours

Course Level

Basic

Instructional Method

Group Internet Based

Pre-requisites

None

Advance Preparation

None

FAQ’s

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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 through its website: www.NASBARegistry.org.

Ratings and Review

4.4

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Owen Mccafferty, CPA (US)

Speaker was very engaging. With the development of Quantum computing and AI, the knowledge of Digitalization is a critical aspect in continuing.as an accounting professional. Traditional accounting will be a fond memory in 5 years and a definite impact within 18 months.

Nicholas Murray, CPA (US)

This was a very rewarding conversation and I really enjoyed it.

Carrie Prehoda, CPA (US)

Enjoyed the presentation.

Brian Englund, CPA in Canada

Informative content and professional presentation. Cheers!

Drew Horn, CPA in Canada

Was good thanks!

2 Credits

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Subject Area

Information Technology

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The Impact of the Digital Revolution on the Accounting Profession

Course Details

Learning Objectives

Course Description

Qualifies for

Webinar Qualifies For

Presenter Details

About Instructor

Gary Cokins, CMA, MBA

Other Details

Additional Information

2 Hours

Basic

Group Internet Based

None

None

FAQ’s

NASBA APPROVED

Ratings and Review

4.4

Owen Mccafferty, CPA (US)

Nicholas Murray, CPA (US)

Carrie Prehoda, CPA (US)

Brian Englund, CPA in Canada

Drew Horn, CPA in Canada

Subject Area

Unlimited Access Plan

Inclusions

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