Emerging Technologies Advancing Accounting Practices
Presenters : Nestene Botha CA(SA)
Overview
The last few decades have seen an emergence of new technologies that have, and continue to, transform the traditional methods of doing business. Consider the advancements that have taken place in artificial intelligence (AI), blockchain, robotic process automation (RPA), and cloud computing.
It is important that accountants take note and learn practical ways in which these technologies can be applied in their daily accounting practices. Nestene Botha CA(SA) presents this webinar where she discusses the transformative power of emerging technologies and how you can harness it to advance your practice.
Learning objectives
By attending this webinar you will gain the following competencies:
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Have an awareness of emerging technologies and their direct impact on the accounting industry.
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Be knowledgeable in how these technologies can be put to good use in different areas of your practice.
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Gain insights into future trends and be in a position to better plan and prepare for the changes ahead.
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Possess the skill to develop a digital transformation strategy for your accounting practice that includes choosing the right technologies and how to successfully implement these new tools.
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Enhance your decision-making skills by leveraging these emerging technologies.
Content
The webinar will cover the following foundational to intermediate topics:
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Introduction to Emerging Technologies in Accounting:
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The Evolution of Technology in Accounting
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The Impact of Digital Transformation on Accounting
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Artificial Intelligence (AI) in Accounting
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Understanding AI and Machine Learning:
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Use Cases: Predictive Analysis, Anomaly Detection, and Automated Bookkeeping
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The Role of AI in Auditing and Compliance
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Robotic Process Automation (RPA) in Accounting
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Defining RPA: What It Is and How It Works:
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Use Cases: Invoice Processing, Reconciliation, and Data Entry
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Integrating RPA with Existing Accounting Systems
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Blockchain Technology in Accounting
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Fundamentals of Blockchain and Distributed Ledger Technology:
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Use Cases: Transaction Verification, Secure Record Keeping, and Smart Contracts
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Blockchain's Potential in Auditing and Transparency
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Cloud Computing in Accounting
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Basics of Cloud Computing: Public, Private, and Hybrid Clouds:
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Use Cases: Cloud-Based Accounting Software, Data Storage, and Collaboration
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Security and Privacy Considerations in Cloud Computing
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The Future of Accounting: Trends and Predictions
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AI-Driven Predictive Analytics:
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Blockchain-Based Audit and Compliance
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The Rise of Automation in Accounting Processes
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Developing a Digital Transformation Strategy
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Assessing Technology Needs and Priorities:
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Change Management for Digital Transformation
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Measuring Success and ROI of Technology Implementations
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Leveraging Technology for Enhanced Decision Making
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Real-Time Financial Insights:
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Data Visualization and Reporting
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The Role of Technology in Strategic Business Decisions
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