Artificial Intelligence

(8 reviews)

Imagine an accountant who never sleeps, never makes mistakes, and tirelessly processes mountains of data in seconds. This is the power of artificial intelligence and, beyond mere automation, it is beginning to reshape how accountants strategise, predict, and advise. Are you ready?

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AI is transforming our world. In many areas, the accounting sector is already embracing it. But how else is it going to affect what we do, and what challenges does that bring?

This pathway prepares you for the AI road ahead. It looks at where we are now and what is around the corner. How are you going to integrate AI into your accounting function? What is generative AI and how is it going to help you? And, perhaps most importantly how to manage the risks, governance and ethical challenges that we will face?

Those who embrace AI and understand how to deal with the challenges, will be an essential asset to their organisations to help drive growth in business, provide new services for clients and build a sustainable financial future.

The pathway takes into account and demystifies the vast array of research conducted in this area and gives you the skills highlighted as necessary in these reports. It draws on reports including:

ACCA’s report, The Smart Alliance: Accounting expertise meets machine intelligence
ICAEW’s Artificial intelligence and the future of accountancy
ACCA's "AI in the Finance Profession" which emphasises that effective accountability requires a level of AI literacy
A study from EY that found that almost 75% of finance leaders surveyed believed that AI will positively impact the accounting and finance sector
The "Going for Growth: Creating an AI-first Future in Accounting” report created by ACCA and leading think-tank Demos, that reveals that 63% of accountants and bookkeepers are worried that skill gaps will restrict their effective use of AI