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automation of accounting processes: Automated Accounting Systems and Procedures Handbook Douglas A. Potter, 1991-07-03 Automated accounting systems are responsible for the movement of billions of dollars every day. Describes the most advanced accounting systems, related support technologies, and procedures in use today and explains how they work using non-technical terms and definitions. Numerous charts, tables and examples prove extremely helpful. To accommodate small business needs, it provides a practical look at automation, demonstrating features generally automated in large corporations and explains how they may be used in different ways, or not used at all, by smaller companies. |
automation of accounting processes: Robotic Process Automation Christian Czarnecki, Peter Fettke, 2021-05-10 This book brings together experts from research and practice. It includes the design of innovative Robot Process Automation (RPA) concepts, the discussion of related research fields (e.g., Artificial Intelligence, AI), the evaluation of existing software products, and findings from real-life implementation projects. Similar to the substitution of physical work in manufacturing (blue collar automation), Robotic Process Automation tries to substitute intellectual work in office and administration processes with software robots (white-collar automation). The starting point for the development of RPA was the observation that – despite the use of process-oriented enterprise systems (such as ERP, CRM and BPM systems) – additional manual activities are still indispensable today. In the RPA approach, these manual activities are learned and automated by software robots, either by defining rules or by observing manual activities. RPA is related to business process management, machine learning, and artificial intelligence. Tools for RPA originated from dedicated stand-alone software. Today, RPA functionalities are also integrated into elaborated process management suites. From a conceptual perspective, RPA can be structured into input components (sensors in the wide sense), an intelligence center, and output components (actuators in the wide sense). From a strategic perspective, the impact of RPA can be related to the support of existing tasks, the complete substitution of human activities, and the innovation of processes as well as business models. At present, high expectations are related to the use of RPA in the improvement of software-supported business processes. Manual activities are learned and automated by software robots that interact with existing applications via the presentation layer. In combination with artificial intelligence (AI) as well as innovative interfaces (e. g., voice recognition) RPA creates a novel level of automation for office and administration processes. Its benefit potential reaches a return on investment (ROI) up-to 800% that is documented in various case studies. |
automation of accounting processes: Introduction to Business Lawrence J. Gitman, Carl McDaniel, Amit Shah, Monique Reece, Linda Koffel, Bethann Talsma, James C. Hyatt, 2024-09-16 Introduction to Business covers the scope and sequence of most introductory business courses. The book provides detailed explanations in the context of core themes such as customer satisfaction, ethics, entrepreneurship, global business, and managing change. Introduction to Business includes hundreds of current business examples from a range of industries and geographic locations, which feature a variety of individuals. The outcome is a balanced approach to the theory and application of business concepts, with attention to the knowledge and skills necessary for student success in this course and beyond. This is an adaptation of Introduction to Business by OpenStax. You can access the textbook as pdf for free at openstax.org. Minor editorial changes were made to ensure a better ebook reading experience. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution 4.0 International License. |
automation of accounting processes: Artificial Intelligence in Accounting Cory Ng, John Alarcon, 2020-12-08 Artificial Intelligence in Accounting: Practical Applications was written with a simple goal: to provide accountants with a foundational understanding of AI and its many business and accounting applications. It is meant to serve as a guide for identifying opportunities to implement AI initiatives to increase productivity and profitability. This book will help you answer questions about what AI is and how it is used in the accounting profession today. Offering practical guidance that you can leverage for your organization, this book provides an overview of essential AI concepts and technologies that accountants should know, such as machine learning, deep learning, and natural language processing. It also describes accounting-specific applications of robotic process automation and text mining. Illustrated with case studies and interviews with representatives from global professional services firms, this concise volume makes a significant contribution to examining the intersection of AI and the accounting profession. This innovative book also explores the challenges and ethical considerations of AI. It will be of great interest to accounting practitioners, researchers, educators, and students. |
automation of accounting processes: Future Role of Sustainable Innovative Technologies in Crisis Management Ali, Mohammed, 2022-04-18 The increasing use of innovative technologies by global businesses has sparked debate about their application in crisis resolution. Resolution tools can be used by global businesses to manage various types of crisis situations, such as natural disasters, information security issues, economic downturns, health crisis situations, and sustainability issues in education, among others. Further study and consideration of the uses of technology in the areas of crisis and change management and intra-company communication practice in the context of global business must be done to ensure successful and sustainable businesses. Future Role of Sustainable Innovative Technologies in Crisis Management raises awareness of the multifaceted field of new technology in crisis management that has resulted in a paradigm shift in the way contemporary industries and global businesses communicate and conduct their daily business operations. This book defines the scope of innovative technologies as the application of new technologies to support the resolution of various types of crisis situations to achieve regulatory compliance and improved risk management in an effective and automated manner. Covering topics such as sustainable business and disaster scenarios, this reference work is ideal for managers, entrepreneurs, researchers, academicians, scholars, practitioners, instructors, and students. |
automation of accounting processes: Advances in Digital Science Tatiana Antipova, 2021-03-14 This book gathers selected papers that were submitted to the 2021 International Conference on Advances in Digital Science (ICADS 2021) that aims to make available the discussion and the publication of papers on all aspects of single and multi-disciplinary research on Conference topics (https://ics.events/icads-2021/). ICADS 2021 was held on February 19–21, 2021. An important characteristic feature of Conference is the short publication time and world-wide distribution. Written by respected researchers, the book covers a range of innovative topics related to: Advances in Digital Agriculture & Food Technology, Advances in Digital Economics, Advances in Digital Education, Advances in Public Health Care, Hospitals & Rehabilitation, Advances in Digital Social Media, Advances in Digital Technology & Applied Sciences, Advances in E-Information Systems, and Advances in Public Administration. This book is useful for private and professional non-commercial research and classroom use (e.g. sharing the contribution by mail or in hard copy form with research colleagues for their professional non-commercial research and classroom use); for use in presentations or handouts for any level students, researchers, etc.; for the further development of authors’ scientific career (e.g. by citing, and attaching contributions to job or grant application). |
automation of accounting processes: New Trends in Finance and Accounting David Procházka, 2016-12-25 This book presents the most current trends in the field of finance and accounting from an international perspective. Featuring contributions presented at the 17th Annual Conference on Finance and Accounting at the University of Economics in Prague, this title provides a mix of research methods used to uncover the hidden consequences of accounting convergence in the private (IFRS) and public sectors (IPSAS). Topics covered include international taxation (from both the micro- and macroeconomic level), international investment, monetary economics, risk management, management accounting, auditing, investment capital, corporate finance and banking, among others. The global business environment shapes the international financial flows of finance and the demand for international harmonization of accounting. As such, the field of global finance and accounting has encountered some new challenges. For example, policy-makers and regulators are forced to restructure their tools to tackle with new features of trading at global capital markets and international investment. This book complements this global view of development with country-specific studies, focusing on emerging and transitioning economies, which are affected indirectly and in unforeseen ways. The combination of global perspective and local specifics makes this volume attractive and useful to academics, researchers, regulators and policy-makers in the field of finance and accounting. |
automation of accounting processes: Artificial Intelligence in Accounting and Auditing Mariarita Pierotti, |
automation of accounting processes: Advancements in Intelligent Process Automation Thangam, Dhanabalan, 2024-10-01 In the current fast-paced business environment, organizations face the challenge of improving operational efficiency and driving innovation while dealing with complex technological landscapes. Many organizations require assistance exploiting intelligent process automation's full potential (IPA). This is often due to a need for more comprehensive understanding or clear implementation strategies. As a result, they need to help their workflows, optimize resources, and adapt effectively to changing market demands. Advancements in Intelligent Process Automation bridges this gap by providing a holistic view of IPA, encompassing RPA, AI, and ML, among other key technologies. Through real-world case studies, strategic guidelines, and interdisciplinary perspectives, the book offers actionable insights that are not just theoretical, but practical and implementable. This ensures that organizations seeking to implement IPA can do so seamlessly, without feeling overwhelmed or unsure. Addressing ethical and regulatory considerations ensures responsible AI practices and compliance, fostering a sustainable approach to automation. |
automation of accounting processes: Robotic Process Automation with Blue Prism Quick Start Guide Lim Mei Ying, 2018-11-30 Learn how to design and develop robotic process automation solutions with Blue Prism to perform important tasks that enable value creation in your work Key FeaturesDevelop robots with Blue PrismAutomate your work processes with Blue PrismLearn basic skills required to train a robot for process automationBook Description Robotic process automation is a form of business process automation where user-configured robots can emulate the actions of users. Blue Prism is a pioneer of robotic process automation software, and this book gives you a solid foundation to programming robots with Blue Prism. If you've been tasked with automating work processes, but don't know where to start, this is the book for you! You begin with the business case for robotic process automation, and then move to implementation techniques with the leading software for enterprise automation, Blue Prism. You will become familiar with the Blue Prism Studio by creating your first process. You will build upon this by adding pages, data items, blocks, collections, and loops. You will build more complex processes by learning about actions, decisions, choices, and calculations. You will move on to teach your robot to interact with applications such as Internet Explorer. This can be used for spying elements that identify what your robot needs to interact with on the screen. You will build the logic behind a business objects by using read, write, and wait stages. You will then enable your robot to read and write to Excel and CSV files. This will finally lead you to train your robot to read and send emails in Outlook. You will learn about the Control Room, where you will practice adding items to a queue, processing the items and updating the work status. Towards the end of this book you will also teach your robot to handle errors and deal with exceptions. The book concludes with tips and coding best practices for Blue Prism. What you will learnLearn why and when to introduce robotic automation into your business processesWork with Blue Prism StudioCreate automation processes in Blue PrismMake use of decisions and choices in your robotsUse UI Automation mode, HTML mode, Region mode, and spyingLearn how to raise exceptionsGet the robot to deal with errorsLearn Blue Prism coding best practicesWho this book is for The book is aimed at end users such as citizen developers who create business processes, but may not have the basic programming skills required to train a robot. No experience of BluePrism is required. |
automation of accounting processes: Accounting Information Systems for Decision Making Daniela Mancini, Eddy H. J. Vaassen, Renata Paola Dameri, 2013-04-18 This book contains a collection of research papers on accounting information systems including their strategic role in decision processes, within and between companies. An accounting system is a complex system composed of a mix of strictly interrelated elements such as data, information, human resources, IT tool, accounting models and procedures. Accounting information systems are often considered the instrument by default for accounting automation. This book aims to sketch a clear picture of the current state of AIS research, including design, acceptance and reliance, value-added decision making, interorganizational links, and process improvements. The contributions in this volume emphasize that AIS has grown into a powerful strategic tool. The book provides evidence for this observation by examining a wide range of current issues ranging from theory development in AIS to practical applications of accounting information systems. In particular it focuses on themes of growing interest in the realm of XBRL and Financial Reporting, Management Information Systems, IT/IS Audit and IT/IS Compliance. The book will be of interest to financial and managerial accountants and IT/IS practitioners, including information systems managers and consultants. |
automation of accounting processes: The Robotic Process Automation Handbook Tom Taulli, 2020-02-28 While Robotic Process Automation (RPA) has been around for about 20 years, it has hit an inflection point because of the convergence of cloud computing, big data and AI. This book shows you how to leverage RPA effectively in your company to automate repetitive and rules-based processes, such as scheduling, inputting/transferring data, cut and paste, filling out forms, and search. Using practical aspects of implementing the technology (based on case studies and industry best practices), you’ll see how companies have been able to realize substantial ROI (Return On Investment) with their implementations, such as by lessening the need for hiring or outsourcing. By understanding the core concepts of RPA, you’ll also see that the technology significantly increases compliance – leading to fewer issues with regulations – and minimizes costly errors. RPA software revenues have recently soared by over 60 percent, which is the fastest ramp in the tech industry, and they are expected to exceed $1 billion by the end of 2019. It is generally seamless with legacy IT environments, making it easier for companies to pursue a strategy of digital transformation and can even be a gateway to AI. The Robotic Process Automation Handbook puts everything you need to know into one place to be a part of this wave. What You'll Learn Develop the right strategy and planDeal with resistance and fears from employeesTake an in-depth look at the leading RPA systems, including where they are most effective, the risks and the costsEvaluate an RPA system Who This Book Is For IT specialists and managers at mid-to-large companies |
automation of accounting processes: Process Automation Strategy in Services, Manufacturing and Construction Bharati Mohapatra, Sanjana Mohapatra, Sanjay Mohapatra, 2023-02-20 Appealing to business researchers, academics and practitioners, Process Automation Strategy in Services, Manufacturing and Construction brings to life the current trends in process automation and considers what the future holds. |
automation of accounting processes: Robotic Process Automation (RPA) - Digitization and Automation of Processes Christian Langmann, Daniel Turi, 2023-01-16 This book provides a practice-oriented overview of the necessary prerequisites, the mode of operation, and the individual steps for the successful introduction of Robotic Process Automation (RPA). In addition to theoretical basics, practical examples from controlling and accounting illustrate the enormous potential of this technology.... |
automation of accounting processes: Navigating Unpredictability: Collaborative Networks in Non-linear Worlds Luis M. Camarinha-Matos, |
automation of accounting processes: Robotic Process Automation in Use Mario Richard Smeets, |
automation of accounting processes: Automate It with Zapier Kelly Goss, Cody Jones, 2021-08-25 Build easy and accessible solutions for automating mundane processes in marketing, sales, operations, and finance to enable teams to focus on core tasks Key FeaturesLearn Zapier and find solutions to specific problems with this comprehensive yet concise guideExplore various scenarios describing specific business problems and how they can be solved with ZapierDiscover expert tips and practical examples to harness the full potential of ZapierBook Description Zapier is an emerging no-code workflow automation technology that enables organizations to connect their cloud-based and web applications and automate data transfer between them. Zapier's built-in features and flexibility allow users to integrate thousands of business applications and create simple to complex automation to reduce time spent on repetitive tasks, thereby increasing productivity. This book is a must-have for business owners, their employees, and independent freelancers and contractors looking to use Zapier for business process automation. The book takes a hands-on approach to implementation and associated problem-solving methodologies that will have you up-and-running and productive in no time while leveling up your automation skills. You'll discover how to plan your automation building for optimal results, what are the native features available in Zapier, and the applications that connect with it, as well as how to optimally configure your workflows to automate your processes in as few steps as possible. Finally, you'll find out how to create advanced workflow automation from scratch and learn how to troubleshoot issues. By the end of this Zapier book, you'll be able to build your own advanced workflow automation using Zapier, addressing the key pain points encountered in businesses with manual and repetitive tasks. What you will learnThink creatively to plan your business workflows to overcome specific business problemsGet to grips with the native features and built-in applications available in ZapierExplore different types of third-party business applications that integrate with ZapierConfigure your workflows optimally to automate business processes and minimize task usageUse Zapier's library of pre-built workflows and create advanced workflows from scratchDiscover the extensive functionality and practical uses of Zapier's built-in appsWho this book is for This book is for solutions architects, process consultants, business analysts, virtual assistants, digital marketers, CRM consultants, online business managers, technical consultants, bookkeepers, and accountants who want to deploy effective automation techniques in Zapier. This book will help micro, small, or medium-sized businesses to increase their productivity using workflow automation with Zapier, as well as freelancers and contractors providing digital process improvement, systemizing, and automation services. No prior experience with business process automation or Zapier is required. |
automation of accounting processes: Information Systems Outsourcing Rudy Hirschheim, Armin Heinzl, Jens Dibbern, 2021-06-05 This book highlights research that contributes to a better understanding of emerging challenges in information systems (IS) outsourcing. Important topics covered include: how to digitally innovate through IS outsourcing; how to govern outsourced digitalization projects; how to cope with complex multi-vendor and micro-services arrangements; how to manage data sourcing and data partnerships, including issues of cybersecurity; and how to cope with the increasing demands of internationalization and new sourcing models, such as crowdsourcing, cloud sourcing and robotic process automation. These issues are approached from the client’s perspective, vendor’s perspective, or both. Given its scope, the book will be of interest to all researchers and students in the fields of Information Systems, Management, and Organization, as well as corporate executives and professionals seeking a more profound analysis of the underlying factors and mechanisms of outsourcing. |
automation of accounting processes: The 4-hour Workweek Timothy Ferriss, 2011 How to reconstruct your life? Whether your dream is experiencing high-end world travel, earning a monthly five-figure income with zero management, or just living more and working less, this book teaches you how to double your income, and how to outsource your life to overseas virtual assistants for $5 per hour and do whatever you want. |
automation of accounting processes: Accounting and Corporate Reporting Soner Gokten, 2017-09-20 We have spent a great deal of time on the continued development of accounting and auditing standards, which are used as a primary component of corporate reporting, to reach today's financial reporting framework. However, is it possible to say that, currently, financial statements provide full and prompt disclosure? Or will they still be useful as a primary element with their current structures in corporate reporting? Undoubtedly, we are deeply concerned about these issues in recent times. This volume contains chapters to discuss the today's and tomorrow's accounting and corporate reporting phenomena in a comprehensive and multidimensional way. Therefore, this book is organized into six sections: Achieving Sustainability through Corporate Reporting, International Standardization, Financial Reporting Quality, Accounting Profession and Behavioral Aspects, Public Sector Accounting and Reporting, and Managerial Accounting. |
automation of accounting processes: Structural Change and Economic Growth Luigi L. Pasinetti, 1981-04-16 This book presents an original theoretical treatment of the problems of maintaining full employment in a multisector economic system |
automation of accounting processes: Contemporary Issues in Accounting Elaine Conway, Darren Byrne, 2018-06-01 The book explores the developing challenges and opportunities within the business and finance world which are likely to impact the accounting profession in the near future. It outlines a number of approaches to ensure that the accountants of the future are equipped with a useful awareness of some of the key topic areas that are quickly becoming a reality and helps bridge the gap between academia and practice. The chapters are standalone introductory pieces to provide useful précis of key topics and how they apply to the accounting profession in particular. It aims to deliver key readings on ‘hot topics’ not addressed in other texts which the accounting profession is tackling or are likely to tackle soon. Hence the book provides accounting students and researchers a solid grounding in a broad range of highly relevant non-technical accounting themes, looking at the bigger environment in which future accountants will be operating, involving considerations of strategic corporate governance issues and highlighting competences beyond the standard technical accounting skill sets. |
automation of accounting processes: Functional Automation and Digital Transformation Dr. Vipin K Suri, 2022-04-15 Functional Automation and Digital Transformation By: Dr. Vipin K Suri Eliminating the need for manual intervention in complex or repetitive business processes can have a positive impact on operations. By automating certain decisions, organizations can not only accelerate process workflows, but also improve the accuracy and consistency of the results. Digital process automation is fundamental to delivering better customer experiences that fully meet user expectations. Digitization of back-office services, primarily handled by business support functions, is underway. Shared Services organizations manage and deliver business and administrative support services common to business units. These support services are primarily focused on functions such as Finance & Accounting, Human Resources, Purchasing & Supply Chain, and IT. By incorporating digital automation and transformation technologies, such as Business Process Management (BPM), Enterprise Resource Planning (ERP), Robotic Process Automation (RPA), Intelligent Automation (IA) and Blockchain into the operations, organizations can streamline processes and increase operational efficiencies. |
automation of accounting processes: Continuous Auditing David Y. Chan, Victoria Chiu, Miklos A. Vasarhelyi, 2018-03-21 Continuous Auditing provides academics and practitioners with a compilation of select continuous auditing design science research, and it provides readers with an understanding of the underlying theoretical concepts of a continuous audit, ideas on how continuous audit can be applied in practice, and what has and has not worked in research. |
automation of accounting processes: QuickBooks for Churches and Other Religious Organizations Deep River Press, Inc., Lisa London, 2013-11 Bookkeeping for churches can be quite different than for-profit businesses, and the other guides available cover either QuickBooks or church accounting, not both. Lisa London, The Accountant Beside You, walks you through QuickBooks for your church from start to finish, always with examples, terminology, and understanding of what a busy church administrator needs to know in a clear, concise style. With her friendly easy-to-understand style and illustrative screenshots, Lisa guides new QuickBooks users every step of the way, while her tips for how to make QuickBooks work better for churches provides new insight and procedures for even the experienced bookkeeper. Not only does she step you through how to set up QuickBooks and utilize it more efficiently for your house of worship, but she also discusses everything you need to know to implement controls and procedures to ensure that your church's money is always protected. QuickBooks for Churches covers PC versions of QuickBooks from 2012 forward and even includes what's new in the 2014 version. Lisa offers sound accounting procedures for both large and small houses of worship, for bookkeepers with years of experience as well as those just starting out. Let The Accountant Beside You take one more worry off your crowded to-do list. |
automation of accounting processes: Comprehensive Guide to Robotic Process Automation (RPA): Tips, Recommendations, and Strategies for Success Rick Spair, Welcome to the Comprehensive Guide to Robotic Process Automation (RPA). In today's rapidly evolving digital landscape, organizations are increasingly turning to automation technologies to streamline processes, improve efficiency, and drive digital transformation. Among these technologies, Robotic Process Automation (RPA) stands out as a powerful tool for automating repetitive, rule-based tasks, freeing up human resources to focus on more strategic and value-added activities. This comprehensive guide aims to provide you with a deep understanding of RPA and equip you with the knowledge and strategies needed for successful RPA implementation. Whether you are a business leader, an IT professional, or an individual looking to explore the world of automation, this guide will serve as a valuable resource to navigate the complexities of RPA. In this guide, we will start by laying the foundation with an introduction to RPA, its benefits, and common misconceptions. We will then guide you through the process of assessing process suitability, selecting the right RPA tool, and building a strong foundation for RPA implementation. You will learn about establishing a dedicated RPA team, developing a roadmap, and setting realistic goals and expectations. As we delve into the core chapters, we will explore RPA design principles, process flow, decision points, and efficient automation workflows. We will address important considerations such as error handling and exception management, data and system integration, and managing security and access controls. Furthermore, this guide will provide insights into RPA implementation best practices, including creating reusable automation components, ensuring version control and documentation, and implementing proper testing and debugging processes. We will also explore the crucial aspects of governance, control, change management, and the role of RPA in business process reengineering. To enhance your understanding of RPA, we will delve into advanced topics such as cognitive automation, artificial intelligence (AI) integration, and leveraging machine learning and natural language processing capabilities. We will discuss scaling RPA implementations, managing multiple automation projects, and overcoming challenges in large-scale deployments. Throughout this guide, we will share real-world case studies, highlighting successful RPA implementations and extracting key learnings from each. These case studies will provide practical insights into how organizations have leveraged RPA to transform their operations, achieve cost savings, and enhance customer experiences. Lastly, we will explore the future of RPA and the emerging trends that will shape the landscape of automation. We will discuss evolving capabilities, the impact of AI and machine learning on RPA, and predictions for the future of automation. With each chapter, you will find tips, recommendations, and strategies to address common challenges, mitigate risks, and drive successful RPA adoption within your organization. We understand that every organization is unique, and the journey to RPA implementation will vary. However, by following the guidance provided in this guide, you will be equipped with the necessary knowledge and tools to embark on a successful RPA journey. We hope that this comprehensive guide serves as a valuable resource and reference throughout your RPA implementation. So let's dive in and unlock the transformative power of Robotic Process Automation! |
automation of accounting processes: Information Systems Architecture and Technology: Proceedings of 39th International Conference on Information Systems Architecture and Technology – ISAT 2018 Zofia Wilimowska, Leszek Borzemski, Jerzy Świątek, 2018-08-27 This three-volume set of books highlights major advances in the development of concepts and techniques in the area of new technologies and architectures of contemporary information systems. Further, it helps readers solve specific research and analytical problems and glean useful knowledge and business value from the data. Each chapter provides an analysis of a specific technical problem, followed by a numerical analysis, simulation and implementation of the solution to the real-life problem. Managing an organisation, especially in today’s rapidly changing circumstances, is a very complex process. Increased competition in the marketplace, especially as a result of the massive and successful entry of foreign businesses into domestic markets, changes in consumer behaviour, and broader access to new technologies and information, calls for organisational restructuring and the introduction and modification of management methods using the latest advances in science. This situation has prompted many decision-making bodies to introduce computer modelling of organisation management systems. The three books present the peer-reviewed proceedings of the 39th International Conference “Information Systems Architecture and Technology” (ISAT), held on September 16–18, 2018 in Nysa, Poland. The conference was organised by the Computer Science and Management Systems Departments, Faculty of Computer Science and Management, Wroclaw University of Technology and Sciences and University of Applied Sciences in Nysa, Poland. The papers have been grouped into three major parts: Part I—discusses topics including but not limited to Artificial Intelligence Methods, Knowledge Discovery and Data Mining, Big Data, Knowledge Based Management, Internet of Things, Cloud Computing and High Performance Computing, Distributed Computer Systems, Content Delivery Networks, and Service Oriented Computing. Part II—addresses topics including but not limited to System Modelling for Control, Recognition and Decision Support, Mathematical Modelling in Computer System Design, Service Oriented Systems and Cloud Computing, and Complex Process Modelling. Part III—focuses on topics including but not limited to Knowledge Based Management, Modelling of Financial and Investment Decisions, Modelling of Managerial Decisions, Production Systems Management and Maintenance, Risk Management, Small Business Management, and Theories and Models of Innovation. |
automation of accounting processes: Intelligent Computing Kohei Arai, 2021-07-05 This book is a comprehensive collection of chapters focusing on the core areas of computing and their further applications in the real world. Each chapter is a paper presented at the Computing Conference 2021 held on 15-16 July 2021. Computing 2021 attracted a total of 638 submissions which underwent a double-blind peer review process. Of those 638 submissions, 235 submissions have been selected to be included in this book. The goal of this conference is to give a platform to researchers with fundamental contributions and to be a premier venue for academic and industry practitioners to share new ideas and development experiences. We hope that readers find this volume interesting and valuable as it provides the state-of-the-art intelligent methods and techniques for solving real-world problems. We also expect that the conference and its publications is a trigger for further related research and technology improvements in this important subject. |
automation of accounting processes: Aspects of Homogeneous Catalysis R. Ugo, 2012-12-06 |
automation of accounting processes: Lean Accounting Brian H. Maskell, Brian et al Maskell, Bruce Baggaley, Nick Katko, David Payno, 2007-09 |
automation of accounting processes: Cost Accounting and Financial Management for Construction Project Managers Len Holm, 2018-09-03 Proper cost accounting and financial management are essential elements of any successful construction job, and therefore make up essential skills for construction project managers and project engineers. Many textbooks on the market focus on the theoretical principles of accounting and finance required for head office staff like the chief financial officer (CFO) of a construction firm. This book's unique practical approach focuses on the activities of the construction management team, including the project manager, superintendent, project engineer, and jobsite cost engineers and cost accountants. In short, this book provides a seamless connection between cost accounting and construction project management from the construction management practitioner’s perspective. Following a complete accounting cycle, from the original estimate through cost controls to financial close-out, the book makes use of one commercial construction project case study throughout. It covers key topics like financial statements, ratios, cost control, earned value, equipment depreciation, cash flow, and pay requests. But unlike other texts, this book also covers additional financial responsibilities such as cost estimates, change orders, and project close-out. Also included are more advanced accounting and financial topics such as supply chain management, activity-based accounting, lean construction techniques, taxes, and the developer’s pro forma. Each chapter contains review questions and applied exercises and the book is supplemented with an eResource with instructor manual, estimates and schedules, further cases and figures from the book. This textbook is ideal for use in all cost accounting and financial management classes on both undergraduate and graduate level construction management or construction engineering programs. |
automation of accounting processes: The 2021 International Conference on Machine Learning and Big Data Analytics for IoT Security and Privacy John Macintyre, Jinghua Zhao, Xiaomeng Ma, 2021-10-27 This book presents the proceedings of the 2020 2nd International Conference on Machine Learning and Big Data Analytics for IoT Security and Privacy (SPIoT-2021), online conference, on 30 October 2021. It provides comprehensive coverage of the latest advances and trends in information technology, science and engineering, addressing a number of broad themes, including novel machine learning and big data analytics methods for IoT security, data mining and statistical modelling for the secure IoT and machine learning-based security detecting protocols, which inspire the development of IoT security and privacy technologies. The contributions cover a wide range of topics: analytics and machine learning applications to IoT security; data-based metrics and risk assessment approaches for IoT; data confidentiality and privacy in IoT; and authentication and access control for data usage in IoT. Outlining promising future research directions, the book is a valuable resource for students, researchers and professionals and provides a useful reference guide for newcomers to the IoT security and privacy field. |
automation of accounting processes: Accountancy Class 11 Dr. S. K. Singh, , Rachit Mittal, 2022-06-14 1.Introduction to Accounting,2. Basic Accounting Terms or Terminology,3. Theory Base of Accounting : Accounting Principles Fundamental Assumptions or Concepts, 4.Accounting Standards and IFRS,5. Double Entry System, 6. Process and Bases of Accounting, 7. Origin of Transactions : Source Documents and Vouchers, 8. Accounting Equation, 9. Rules of Debit and Credit, 10. Recording of Business Transactions : Books of Original Entry—Journal, 11. Ledger,12. Special Purpose (Subsidiary) Books (I) : Cash Book, 13. Special Purpose (Subsidiary) Books (II),14. Bank Reconciliation Statement,15. Trial Balance and Errors, 16.Depreciation, 17. Provisions and Reserves,18. Accounting for Bills of Exchange,19. Rectification of Errors, 20. Capital and Revenue Expenditures and Receipts, 21. Financial Statements/Final Accounts (Without Adjustment), 22. Final Accounts (With Adjustment), 23.Accounts from Incomplete Records or Single Entry System, 24. Accounting for Not-for-Profit Organisations, UNIT : Computer in Accounting 1.Introduction to Computer and Accounting Information System (AIS), 2. Applications of Computer in Accounting, 3. Accounting and Database System, Project Work |
automation of accounting processes: New Automation Technology for Acquisitions and Collection Development Rosann Bazirjian, 2019-12-06 This book, first published in 1995, describes how automation is changing the face of acquisitions as librarians know it and making the future uncertain yet exciting. It documents how libraries have increasingly moved to powerful, second-generation interfaceable or integrated systems that can control all aspects of library operations. The libraries presented as examples show that increasing user expectations, the siren call of cyberspace and network connectivity, and administrative faith in the savings to be obtained from electronic technical services continue to drive the migration to higher-level library management systems. |
automation of accounting processes: Futureproof Kevin Roose, 2021-03-04 A New York Times bestselling author and tech columnist's counter-intuitive guide to staying relevant - and employable - in the machine age by becoming irreplaceably human. It's not a future scenario any more. We've been taught that to compete with automation and AI, we'll have to become more like the machines themselves, building up technical skills like coding. But, there's simply no way to keep up. What if all the advice is wrong? And what do we need to do instead to become futureproof? We tend to think of automation as a blue-collar phenomenon that will affect truck drivers, factory workers, and other people with repetitive manual jobs. But it's much, much broader than that. Lawyers are being automated out of existence. Last year, JPMorgan Chase built a piece of software called COIN, which uses machine learning to review complicated contracts and documents. It used to take the firm's lawyers more than 300,000 hours every year to review all of those documents. Now, it takes a few seconds, and requires just one human to run the program. Doctors are being automated out of existence, too. Last summer, a Chinese tech company built a deep learning algorithm that diagnosed brain cancer and other diseases faster and more accurately than a team of 15 top Chinese doctors. Kevin Roose has spent the past few years studying the question of how people, communities, and organisations adapt to periods of change, from the Industrial Revolution to the present. And the insight that is sweeping through Silicon Valley as we speak -- that in an age dominated by machines, it's human skills that really matter - is one of the more profound and counter-intuitive ideas he's discovered. It's the antidote to the doom-and-gloom worries many people feel when they think about AI and automation. And it's something everyone needs to hear. In nine accessible, prescriptive chapters, Roose distills what he has learned about how we will survive the future, that the way to become futureproof is to become incredibly, irreplaceably human. |
automation of accounting processes: The Numbers Business Della Hudson, 2018-09-10 Having applied her corporate experience to building a modern cloud accountancy practice, Della Hudson presents her road map to help you to do the same. Here, she shares her hard-earned knowledge so that other accountancy professionals can grow their own successful, scaleable and even sellable businesses. |
automation of accounting processes: Law Firm Accounting and Financial Management John P. Quinn, Joseph A. Bailey (Jr.), David E. Gaulin, Stanley Kolodziejczak, 2001 This book covers topics such as: fundamentals of law firm financial information, with easy-to-understand examples of the data involved and financial management concepts. |
automation of accounting processes: Management and Information Technology after Digital Transformation Peter Ekman, Peter Dahlin, Christina Keller, 2021-09-22 With the widespread transformation of information into digital form throughout society – firms and organisations are embracing this development to adopt multiple types of IT to increase internal efficiency and to achieve external visibility and effectiveness – we have now reached a position where there is data in abundance and the challenge is to manage and make use of it fully. This book addresses this new managerial situation, the post-digitalisation era, and offers novel perspectives on managing the digital landscape. The topics span how the post-digitalisation era has the potential to renew organisations, markets and society. The chapters of the book are structured in three topical sections but can also be read individually. The chapters are structured to offer insights into the developments that take place at the intersection of the management, information systems and computer science disciplines. It features more than 70 researchers and managers as collaborating authors in 23 thought-provoking chapters. Written for scholars, researchers, students and managers from the management, information systems and computer science disciplines, the book presents a comprehensive and thought-provoking contribution on the challenges of managing organisations and engaging in global markets when tools, systems and data are abundant. |
automation of accounting processes: Auditing and GRC Automation in SAP Maxim Chuprunov, 2013-04-09 Over the last few years, financial statement scandals, cases of fraud and corruption, data protection violations, and other legal violations have led to numerous liability cases, damages claims, and losses of reputation. As a reaction to these developments, several regulations have been issued: Corporate Governance, the Sarbanes-Oxley Act, IFRS, Basel II and III, Solvency II and BilMoG, to name just a few. In this book, compliance is understood as the process, mapped not only in an internal control system, that is intended to guarantee conformity with legal requirements but also with internal policies and enterprise objectives (in particular, efficiency and profitability). The current literature primarily confines itself to mapping controls in SAP ERP and auditing SAP systems. Maxim Chuprunov not only addresses this subject but extends the aim of internal controls from legal compliance to include efficiency and profitability and then well beyond, because a basic understanding of the processes involved in IT-supported compliance management processes are not delivered along with the software. Starting with the requirements for compliance (Part I), he not only answers compliance-relevant questions in the form of an audit guide for an SAP ERP system and in the form of risks and control descriptions (Part II), but also shows how to automate the compliance management process based on SAP GRC (Part III). He thus addresses the current need for solutions for implementing an integrated GRC system in an organization, especially focusing on the continuous control monitoring topics. Maxim Chuprunov mainly targets compliance experts, auditors, SAP project managers and consultants responsible for GRC products as readers for his book. They will find indispensable information for their daily work from the first to the last page. In addition, MBA, management information system students as well as senior managers like CIOs and CFOs will find a wealth of valuable information on compliance in the SAP ERP environment, on GRC in general and its implementation in particular. |
automation of accounting processes: Hearings, Reports and Prints of the House Committee on Appropriations United States. Congress. House. Committee on Appropriations, 1970 |
The rise in automation and what it means for the future
Apr 7, 2021 · As with SpaceX, automation will be the way telecom providers seek to deliver reliable services and it is the foundation of leading technology companies' lofty ambitions. With the …
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Oct 20, 2020 · By 2025, automation and a new division of labour between humans and machines will disrupt 85 million jobs globally in medium and large businesses across 15 industries and 26 …
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Sep 18, 2023 · Only 16.1% of an HR manager’s job shows potential for automation and 22.2% for augmentation, according to the Jobs of Tomorrow report. The automatable tasks include …
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Jan 7, 2025 · Advancements in technologies, particularly AI and information processing (86%); robotics and automation (58%); and energy generation, storage and distribution (41%), are also …
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Jan 17, 2022 · Industrial automation, almost by definition, means companies require fewer employees and different skillsets. Many old-style manual jobs are vanishing, and being replaced …
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Feb 28, 2018 · Furthermore, automation comes at a cost, which could make it financially unattractive to automate certain jobs, even if it might be imaginable from a scientific point of …
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Jan 9, 2025 · Robots and automation, meanwhile, are forecast to displace 5 million more jobs than they create. Businesses expect these trends to cause a sharp fall in roles, including various …
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Jan 16, 2025 · Intelligent automation – a combination of AI, digital tools and robotics – is already reducing the administrative burden on healthcare workers and expanding access to more …
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Sep 3, 2020 · Automation and the future According to many estimates, there will be more jobs created over the next few years than lost by automation . The challenge facing world leaders and …
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Automating Accounting, Tax, and Finance processes
1. Build a common repository early for automation ideas –use Automation Hub 2. Empower everyone to feel like they can participate in the program 3. Identify Automation Champions in your teams – …
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accounting processes A cloud-based, record-to-report process automation solution from KPMG and BlackLine Systems Cloud-based, record-to-report technologies (R2R) can help finance …
WEP - ResearchGate
semi-automation of manual accounting processes, where computers now handle routine bookkeeping tasks, reducing human involvement to initial setup and final oversight.
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vii. Preface Second Edition. We completed the manuscript for the rst edition in mid-2019. Today, only about 2 years . later, much has evolved in the Robotic Process Automation (RPA) space: …
Robotic process automation and its impact on accounting
Achieving a higher accounting automation level was thus still hard (Gotthardt et al., 2019). Before RPA, automation was reached in multiple ways and applications: ERP, spreadsheets and macros, …
Robotic Process Automation - Deloitte United States
processes within the accounting and finance function and the viability of automation within those processes (i.e., low, medium, high). Commonly automated accounting and finance functions …
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Feb 25, 2025 · The integration of big data technology and Robotic Process Automation (RPA) has driven the automation of accounting business processes, reducing the drawbacks of traditional …
Digitalisation in Finance and Accounting - PwC
technology and automation in myriad business functions is becoming increasingly compelling. So is true for the Finance and Accounting function. However, while technology provides an …
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Robotic Process Automation in the Accounting Environment ... autonomous execution of a combination of processes, activities, transactions, and tasks in one or more unrelated software …
RPA in Accounting Risk and Internal Control: Insights
robotic process automation (RPA) deployments in accounting. The roles of internal controls and risk mitigation are examined by exploring how RPA Program Managers have adopted internal controls …
Changes in Accounting under the Influence of Automation
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The Rise of Automation in Accounting Processes Bookkeeping and Data Entry Auditing and Compliance Financial Statement Preparation and Analysis Tax Preparation and Filing Automation …
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324 Volume: 8 Issues: 50 [September, 2023] pp. 324 - 336 International Journal of Accounting, Finance and Business (IJAFB) eISSN: 0128-1844 Journal website: www.ijafb.com
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Automation , Accounting , Technological Advancements . I. Introduction The impact of automation in accounting has been an earth shattering power, reshaping standard practices inside the field. As …
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Robotic Process Automation (RPA) and Artificial Intelligence (AI) are two closely knit terms that both have had and will continue to have a big impact on accounting and auditing practices. RPA and AI …
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Automation in Accounting Systems porting system. This is the development that will probably affect our entire econ-omy before too many years have passed. Past emphasis on reports for manage …
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Sep 3, 2022 · impact accounting Manual processes in accounting tend to be time-consuming. Boyle [7] points out five primary areas where manual accounting processes require and consume …
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Section 3 06 Robotic Process Automation: lightweight, lexible automation Section 4 07 Picking processes and people Section 5 08 Finance and Accounting process automation entry points 09 …
Robotic process automation and its impact on accounting
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Automating Accounting, Tax, and Finance processes
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aimed at streamlining accounting processes in the financial management software Netvisor. The manual is designed to automate the handling of purchase invoices, bank statements and …
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accounting processes, enhance decision-making, and improve overall financial management (Oyewole, et. al., 2024, Rane, Choudhary & Rane, 2024). However, along with these ...
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processes, and analysis of the best part of a firm’s accounting processes to install it has to be conducted. vii. Audit Trail: RPA has fully maintained logs, which is necessary for compliance
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Processes automation can be seen and noticed in almost every discipline and major, whether it’s business, engineering, medicine, and industrial fields, so accounting is no different, that’s why …
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B. Accounting automation and its implementation Accounting automation had made complicated operations easier to understand. The programme, for example, has made complex ledger files …
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Asian Journal of Accounting and Governance 9: 127-140 (2018) ISSN 2180 -3838 143 defined as a business process automation system that uses software tools to interact with existing applications
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Efficiency in Accounting Processes through Cloud Computing Cloud computing has become a game-changer for accounting firms, offering a plethora of tools and features that ... One of the …
Management accounting in the context of digitalization
al.found that robotic process automation (RPA) is used to process transactions in less than half of the operations [9]. According to Schäffer and Weber, adaptation processes took longer than the …
Accountant as Digital Innovator: Roles and Competencies …
automation; accounting innovation; accounting digitalization; robotics; digital competencies. 2 INTRODUCTION . ... processes, accountants can help quantify both the process exception rate …
Impact of Artificial Intelligence (AI) on Accountancy Profession
2.4 AUTOMATION OF ACCOUNTING PROCESS Artificial Intelligence (AI) and Robotic Process Automation (RPA) are two very different but closely-knit terms that have had and shall continue …
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The article examines the issue of automation of accounting in the conditions of digitalization of the economy. The purpose of the article determine specific tasks, namely, the study of general …
Folia Oeconomica Stetinensia Volume 23 (2023) Issue 1
Coding Skills in the Automation of Accounting Processes 111 value and career opportunities. The respondents also indicated the barriers; the main one being the lack of time (84%). 76% of …
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functions. Indeed, automation can be applied across a range of standardised and simplified processes relating summaries, and interacting with varying data types to payables, receivables, …
Does automation improve financial reporting? Evidence from …
Automation—such as machine learning, robotic process automation, and articial intelligence—is hailed as the next frontier in accounting and nancial reporting. Deloitte (2018a, p. 3) argues that …
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Users of automated accounting software benefit primarily from time freed-up for more important tasks and higher accuracy of tasks performed, which re-sulted in overall higher efficiency of …
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The use of automation and artificial intelligence (AI) technology has revolutionised traditional accounting processes in the modern business and finance landscape. Accounting, which was …
Jump-starting your reinsurance automation journey
as spreadsheets—and manual processes to administer reinsurance contracts, potentially leading to errors, claims leakage, lack of insights, and slow deal implementation. In addition to accounting …
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Table 1. Viability of automation within back-office accounting and finance. Figure 3. Use of automation. Accounting and finance is the most common area of RPA deployment by our clients. …
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1. Automated Accounting Processes Accounting Process Automation enhances the speed, accuracy, and reliability of the reconciliation to adjustment process. By automating business …
The Rise of Accounting Automation
C. Forensic accounting processes The Rise of Accounting Automation 20. Processes for Automation. Evolution of Accounting Process Automation Current account principles are rule …
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Automation Fragmented finance systems and processes mean that many organizations are highly inefficient and ineffective from still relying too heavily on manual processes and spreadsheets. …
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3. Automate the redesigned business processes: The redesigned business processes are coded. 4. Facilitate the use of the new application: Employees need to be trained to use the new RPA …
Impact of Robotic Process Automation on Future Employment …
impact accounting Manual processes in accounting tend to be time-consuming. Boyle [7] points out five primary areas where manual accounting processes require and consume significant …