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Author: |
Kelen Camehl, CPA, MBA |
Course Length: |
Pages: 139 ||| Word Count: 50,114 ||| Review Questions: 36 ||| Final Exam Questions: 40 |
CPE Credits: |
8.0 |
IRS Credits: |
0 |
Price: |
$71.95 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Specialized Knowledge |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course provides a comprehensive overview of emerging technologies such as artificial intelligence, blockchain, cryptocurrency, robotic process automation, and cybersecurity and how they are transforming financial accounting practices.
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Frequently Asked Questions: |
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Description: |
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. |
Usage Rank: |
97500 |
Release: |
2024 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
External: Artificial Intelligence (AI): What It Is and How It Is Used
Internal: Specialized Knowledge CPE Courses page
Internal: Artificial Intelligence (AI) CPE Courses page
External: IRS - Digital assets overview
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
30-Nov-2024 |
NASBA Course Declaration: |
Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Keywords: |
Modern Technologies in Financial Accounting: From AI and Blockchain to Crypto, RPA, and Cybersecurity - CPE course for CPAs |
Learning Objectives: |
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Chapter 8
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Course Contents: |
Chapter 1 - Introduction to Artificial Intelligence Chapter Overview Learning Objectives Introduction AI Key Concepts Machine Learning Deep Learning Natural Language Processing Algorithms History and Evolution of AI Significance of AI in the Accounting Profession Conclusion Review Questions Chapter 2 - AI Technologies in Accounting Software Chapter Overview Learning Objectives Introduction Considerations of Using AI Accounting Software Traditional vs. AI Accounting Software Types of AI Accounting Software Automated Data Entry Tools Tax Preparation Software Financial Planning & Analysis (FP&A) Software Fraud Detection Software Expense Management Systems Conclusion Review Questions Chapter 3 - Blockchain Chapter Overview Learning Objectives Introduction Historical Development Blockchain Key Concepts Blockchain vs. AI Blockchain vs. Traditional Databases How Blockchain Works Transaction Process Consensus Mechanisms How Can CPAs Use Blockchain Technology Conclusion Review Questions Chapter 4 - Robotic Process Automation Chapter Overview Learning Objectives Introduction History of RPA Technology RPA Providers How RPA Works Understanding RPA Architecture What is a Bot? Bot Creator/Designer Control Room/Orchestrator Bot Runner Bot Repository Integration Adapters/APIs Organizations Benefitting the Most from RPA Challenges in Implementation of RPA Conclusion Review Questions Chapter 5 - Crypto Assets Chapter Overview Learning Objectives Introduction Overview of Crypto Assets U.S. GAAP Guidance Scope Criteria for Crypto Assets #1 – Meet the Definition of an Intangible Asset #2 – No Enforceable Rights or Claims Related to Goods & Services #3 – On Distributed Ledger Based on Blockchain (or Similar) Technology #4 – Secured Through Cryptography #5 – Fungibility #6 – Not Created/Issued by the Reporting Entity (or Related Parties) Scope Application Examples Recognition of Crypto Assets Presentation Requirements Disclosure Requirements Private Company Considerations Conclusion Review Questions Chapter 6 - Forensic Accounting Chapter Overview Learning Objectives What is Forensic Accounting? Objectives of Forensic Accounting What Makes a Good Forensic Accountant What Standards Do Forensic Accountants Follow Overview of the Five-Step Process Step 1 – Engagement Planning Step 2 – Evidence Gathering Step 3 – Analysis & Examination Step 4 – Reporting & Documentation Step 5 – Litigation Support & Follow-Up Conclusion Review Questions Chapter 7 - Cybersecurity Principles Chapter Overview Learning Objectives Introduction Cybersecurity Definition & Importance History & Evolution of Cybersecurity Cybersecurity Terminology Overview of Cyber Threats Cyber Threats Specific to Finance Professionals Impact of Cybersecurity Breaches on Financial Institutions Conclusion Review Questions Chapter 8 - Cybersecurity Best Practices Chapter Overview Learning Objectives Cybersecurity Best Practices and Tools Best Practices for Safeguarding Financial Data Strong Password Policies Multi-Factor Authentication Encryption and Secure Communication Regular Software Updates Firewalls Data Backup & Recovery Planning Anti-Virus & Anti-Malware Solutions Intrusion Detection and Prevention Systems (IDPS) Virtual Private Networks (VPNs) Secure File Sharing Conclusion Review Questions Glossary of Key Terms |
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