Transforming Accounting with AI: Practical Insights and Applications

Overview

You could pay $0 for this course!

This course is designed to provide CPAs in public and private practice with the latest insights and practical knowledge on the integration of artificial intelligence (AI) in accounting. With a focus on real-world applications and ethical considerations, this course equips accounting professionals with the skills necessary to leverage AI for improved efficiency and accuracy in their work. Having previous experience or exposure to AI is not necessary. This course will provide actionable insights and training CPAs can use on future engagements regardless of where the CPAs are along their AI learning path.

This course qualifies for reimbursement through the state’s Workforce Training Express Fund. Firms/companies with fewer than 50 staff can be reimbursed up to 100% of the cost of training and firms/companies with 50-100 employees can be reimbursed up to 50% of the cost of training. You must register for the course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks prior to the start of the course. The course code for this program is C-13051. To learn more, click here or contact Julia Ekelund at jekelund@masscpas.org.

Highlights

Introduction to AI in accounting Generative AI in accounting and prompt engineering AI and data ethics in accounting Leveraging AI for data analytics in accounting

Prerequisites

None

Designed For

CPAs and accountants at all levels seeking a greater understanding of artificial intelligence

Objectives

Understand the fundamental concepts of artificial intelligence and its relevance to accounting Explain the principles of generative AI (i.e., ChatGPT), distinguish it from non-generative AI, and explore its frequent use cases Apply best practices for creating prompts and explore examples of impactful prompts Practice common prompt engineering techniques and approaches for writing effective prompts Understand the fundamental principles of AI and data ethics and their relevance to accounting Describe the concepts of algorithmic bias and fairness in AI systems and develop strategies to mitigate these issues Develop strategies for ensuring ethical use of AI in accounting practices Understand the role of AI in transforming data analytics processes Develop skills in using AI-powered tools to optimize data analytics processes

Preparation

Access to ChatGPT 4o during the course is encouraged but not required. Participants can create a free account by visiting chatgpt.com and clicking “Sign Up.”

Fees

Credits

Level

Vendor

Fields of Study

Leader(s):

Thomas Newell Jr., American Institute of CPAs

Leader Bios

Thomas Newell Jr., American Institute of CPAs

Thomas Newell Jr., CPA is a shareholder in the firm of Newell & Newell, P.C. located in Columbus, GA. Tom graduated cum laude from Georgia Southwestern College in Americus, GA in 1980. Tom started the firm with his wife Silvia Newell, CPA in 1986. Prior to that his public accounting experience included both local firms and international firms. Tom is an active peer reviewer having performed over 200 reviews and has been involved with the peer review program since 1989. Tom served on the Georgia Society peer review committees from 1989 to 1993. In 1993 Tom was selected to be one of the technical reviewers for the Georgia Society and served as a technical reviewer for the Georgia Society for 9 years. Tom has also served several years on the accounting and auditing committee at the Georgia Society. Tom has been a frequent speaker for the Georgia Society of CPAs at the Southeastern Accounting Show, Tax Forum (A&A topics), the Accounting Institute, local, national and international accounting firms and Fortune 500 companies. Tom is also a discussion leader for various continuing education courses on topics of audit & accounting, compilation and review, fraud and internal control, nonprofit, and peer review.

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