Impact of the Digital Revolution on the Accounting Profession
Gary Cokins Overview:
There is an accelerating and disruptive digital technology transformation in progress. It is referred to as the “digital revolution”. It can potentially adversely impact an organization’s competitiveness and will be replacing employee jobs with computers. The accounting profession needs to prepare itself for substantial change and a threat to jobs in accounting. Vulnerable jobs are transactional ones (e.g., payroll, payables, receivables, auditing, filings). Digital transformation is not exclusively about physical robots but also about software robots that perform functions that white collar employees perform. Digital transformation presents great potential but also raises concerns. It can provide invaluable business enhancements but also be a threat to one’s job security.
Why you should Attend:
- Learning how artificial intelligence (AI), robotic process automation (RPA), and machine learning will impact jobs in accounting
- Why this impact can be a threat but also an opportunity
- Understanding the continuum of business analytics
- Skills needed to embrace digital automation
- Recognize impacted functions: transactional, period end closing, auditing, regulatory filings
- Mitigating risks from digitalization automation
Areas Covered in the Session:
- The threats from the digital revolution on the accounting profession
- How artificial intelligence is impacting industries
- Continuums of business analytics
- Opportunities and risks from robotic process automation (RPA)
- Skill needed to embrace digital automation
- Five (5) effects from the digital revolution on accounting functions
- Risk mitigation for the impact of digital automation
Who Will Benefit:
- CxO's
- CFO's
- Financial Officers and Controllers
- Managerial and Cost Accountants
- Financial and Business Analysts
- Budget Managers
- Strategic Planners
- Marketing and Sales Managers
- Supply Chain Analysts
- Risk Managers
- CIO and Information Technology Staff
- Board of Directors
Speaker Profile
Gary Cokins Gary Cokins is an internationally recognized expert, speaker, and author in enterprise and corporate performance management improvement methods and business analytics. He is the founder of Analytics-Based Performance Management, an advisory firm located in Cary, North Carolina at www.garycokins.com . Gary received a BS degree with honors in Industrial Engineering/Operations Research from Cornell University in 1971. He received his MBA with honors from Northwestern University’s Kellogg School of Management in 1974.
Gary began his career as a strategic planner with FMC’s Link-Belt Division and then served as Financial Controller and Operations Manager. In 1981 Gary began his management consulting career first with Deloitte consulting, and then in 1988 with KPMG consulting. In 1992 Gary headed the National Cost Management Consulting Services for Electronic Data Systems (EDS) now part of HP. From 1997until 2013 Gary was a Principal Consultant with SAS, a leading provider of business analytics software.
His two most recent books are Performance Management: Integrating Strategy Execution, Methodologies, Risk, and Analytics, and Predictive Business Analytics. His books are published by John Wiley & Sons.
Gary regularly presents at conferences for the AICPA and state CPA societies. He is certified CPIM with The Association of Supply Chain Management (ASCM/ APICS). He served as the part time Executive in Residence for the Institute for Management Accountants (IMA).