This course provides an overview of key technologies transforming accounting and finance. It covers Artificial Intelligence (AI) and its applications in accounting software, blockchain for secure transactions, and Robotic Process Automation (RPA) to streamline operations. Participants will also explore crypto assets and their impact on accounting, alongside the role of forensic accounting in fraud detection. The course concludes with a two-part focus on cybersecurity, addressing both foundational principles and advanced practices for protecting financial data.
Course Publication Date:
December 17, 2024
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$80.00!
| Author: | Kelen Camehl |
| Course No: | TECH-MODAI-29004 |
| Recommended CPE: | 8.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Overview |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Information Technology
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Learning Objectives
- Identify key concepts related to AI.
- Recognize subsets of machine learning.
- Identify key characteristics of deep learning.
- Recognize how AI can be used in the accounting profession.
- Identify key differences in traditional vs. AI-driven accounting software.
- Recognize examples of various types of AI accounting software.
- Identify key components and concepts of blockchain technology.
- Recall steps in blockchain transactions and consensus mechanisms.
- Distinguish between blockchain and traditional databases.
- Recognize use cases of blockchain for CPAs.
- Recognize benefits of implementing RPA technology.
- Identify some of the key components of RPA architecture.
- Recognize types of organizations that benefit most from RPA technology.
- Identify some of the challenges when implementing RPA technology.
- Recognize the criteria for determining what constitutes a crypto assets based on U.S. GAAP.
- Identify the recognition requirements for crypto assets.
- Recognize the way in which crypto assets are presented on an entity’s financial statements.
- Identify disclosure requirements with respect to crypto assets.
- Recognize the key objectives of forensic accounting.
- Identify techniques that forensic accountant use to perform engagements.
- Recognize the standards which forensic accountants should follow.
- Identify the importance of maintaining a clear audit trail in a forensic engagement.
- Identify common cyber threats.
- Recognize key cybersecurity terminology and concepts.
- Recognize the importance of encryption, secure communication, and software updates.
- Identify the importance of firewalls.
- Identify key cybersecurity best practices for protecting digital assets and privacy.
- Recognize the role of encryption and access controls in defending against cyber threats.
- Select proactive measures to improve defenses against evolving cyber adversaries.
- Determine the importance of regular software updates in maintaining cybersecurity.