AI IN ACCOUNTING AND AUDITING: BLAZING NEW TRAILS IN FINANCIAL MANAGEMENT
Is your accounting team still spending hours on tedious data entry tasks? Are you wondering how financial professionals can predict cash flows, detect fraud, and ensure regulatory compliance in real-time? In a world where numbers rule, the accounting and auditing industry is experiencing an innovative transformation powered by Artificial Intelligence (AI).
This course is designed to build your understanding of the emerging field of AI and help you consider the broader application of it through our work as professional accountants.
The term AI (artificial intelligence) seems to be part of every product or service description today. This course will define AI and its impact on accounting and workflow in today’s modern office. Throughout the course, you will learn what tools are available today to dramatically improve workflow, efficiency, and accuracy by brining AI to your accounting systems.
Artificial Intelligence (AI) is no longer just a theoretical concept! Instead, AI is a practical tool available today to help you address and solve real-world problems. In this course, you will learn about the fundamentals of AI and how you can put this amazing technology to work today to help you and your team work more efficiently and effectively.
Participate in this course to learn about the fundamentals of AI and specific types of problems AI can help you address. You will learn about AI features available in everyday applications – including Excel – and how you can use these features in situations such as detecting fraud and identifying potential errors in transactions. You will also learn how AI is changing how accounting and financial professionals work, both today and in the future.
The AI for Accountants digital short course has been created specifically for IPA members to enable you to first learn the basic concepts of Artificial Intelligence and secondly use your knowledge and understanding to apply in your practice through real world examples and interactive discussions.
Course content
11 sections • 54 lectures • 10h 42m total length
- Accounting Software for Small and Medium Businesses
- Odoo Development, Customization, and Bookkeeping
- Chart of Accounts Definition, How It Works, and odoo Example
- Debit: Definition and Relationship to Credit
- What is an accounting journal and how can I configure it?
- odoo 17 Financial Statement Analysis and Reporting
- How to apply specific taxes by country, state or city?
- Journal Entries in Accounting with odoo 17 Examples
- FEFO: optimising inventory management for perishable goods
- FIFO and LIFO odoo 17 accounting
- odoo 17 Purchases account definition & Using Price Lists
- Vendor bills to payment in Odoo 17
- Selling products on consignment with Odoo 17
- What are the product types in Odoo 17
- Asset Replacement And Renewal Strategies? in Odoo 17
- Sales Revenue - Definition, Overview, & Odoo 17 Examples
- Variable products - Product Configurator for Odoo 17
- Variable products - Product Configurator for Odoo 17 Commerce
UPON COMPLETING THIS COURSE, YOU SHOULD BE ABLE TO:
- The Role of AI in Accounting: Advancements and Opportunities
- Identify key components of Artificial Intelligence
- Differentiate between Artificial Intelligence, Machine Learning, and Robotic Process Automation
- List examples of potential uses of Artificial Intelligence in accounting and financial environments
- Identify instances of AI features in applications such as Excel
- Automate in Finance & Accounts - Automation in Finance Function
- Document Capture and Recognition for Financial Workflows
- Frictionless Customer Onboarding
- Robotic Process Automation + Intelligence (AI that automates business processes)
- Internet of Things (AI that enables devices to communicate directly without human intervention)
Who Should Attend?
- Commercial or industrial business owners
- Restaurant and store owners
- Financial and administrative consulting offices
- Programmers and electronic systems developers
Accounting and auditing with artificial intelligence-Odoo 17
AI (artificial intelligence) improve workflow, efficiency, and accuracy by brining AI to your accounting systems.