How AI & Automation are Enhancing Managment Accounting

August 13th, 2024 - August 13th, 2024 @ 2:30 pm-3:30 pm

Credits

Description

Headlines abound saying that Robotic Process Automation (RPA) and artificial intelligence (AI)?is?going to eliminate the need for accountants.?In reality, RPA?and AI provide a great opportunity for accountants to automate more routine procedures and focus on delivering more value-added insights to help improve an organization’s performance or risk mitigation.? Conversely, the use of AI within organizations can also have some perverse results if not managed properly. Accountants must be aware of these risks and work to ensure that the proper controls are in place to manage an organization’s operational and financial risks associated with automation and AI. Attend this session to learn more about these technologies and their implications?to?the skills and knowledge needed to be an effective management accountant.?

Objectives

• Identify when traditional programming or RPA should be used for automation 
  
• Identify when artificial intelligence should be used for automation 
  
• Identify considerations for assessing the value of automations

Major Subjects

• Identify opportunities  to automate more routine procedures and focus on delivering more value-added insights to improve performance and mitigate risk.
• Recognize risks of AI and tips for managing.
• Set up controls to manage an organization’s operational and financial risks associated with automation and AI

Prerequisites