Future of Finance: Digital Innovation

by Samuel Ellis

When looking towards the future of finance, it's important to understand the role of emerging digital innovations. This course explores the changing technological landscape and the specific innovations that are transforming the role of the accountant and the processes you use.

price £100+vat
cpd hours 4 CPD hours
access 120 days' access

This course will enable you to

  • Explain the role of accountants in innovation and the importance of challenging existing processes.
  • Analyse the major changes and trends in technology infrastructure and software, and how these might affect your organisation.
  • Identify the common dogmas and pitfalls around implementing new technologies.
  • Explore accounting-specific technologies, processes, and coding terms that aid in effective innovation.
  • Recognise how to manage micro and macro changes and their role in the innovation process.

About the course

It would be an understatement to say that digital innovation is important, and we are constantly having to adapt our processes and practices to keep up with every-changing technologies. Advances in technology that impact the accounting world are key to accountants not only staying relevant but continually improving.

By breaking down innovation and change into component parts, this course explores the accounting-specific innovations that you need to know about and how you can use these to improve your practice. Explore how accountants can develop the right mindset for innovation and how it can challenge established norms; by identifying the importance of keeping up to date with new technologies. This course highlights how you can adapt your processes and habits in response to a rapidly changing digital world.

Look inside

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Contents

  • The innovation mindset
    • Encouraging digital innovation
    • The role of accountants in innovation
    • Challenging existing norms and processes
    • Innovation thrives on innovation
    • A team effort
  • Current trends and the technology backdrop
    • AI: the big trend
    • Recent innovations
    • Infrastructure and software
    • Keeping track of new technologies
    • The current technology trends
    • Implementing new technologies
    • Keeping up with innovations
    • Dogmas and avoidable pitfalls
  • Innovation in accounting
    • The importance of keeping up with innovation
    • Communication tools and innovation
    • Useful communication tools for accountants
    • Data tools and the data analytics landscape
    • Practical tips for analytics tools
    • The benefits of cloud-based systems
    • API, URL, HTTP, and HTML
    • Receipts and invoice entry with OCR
    • Bank feeds and open banking
  • A practical guide to innovation
    • Changing part of the process
    • Changing policies and embracing change
    • Using emerging ideologies
    • Encouraging a change of view
    • Making the most of what you have
    • Macro changes
    • Using a feature comparison document
    • Building on existing ideologies
    • Implementation timetable and project management

How it works

Author

Samuel Ellis

Sam has been using modern data technologies for the past decade to operate a lean and agile accounting function. He uses data analytics software e.g. Tableau to transform accounting reporting in a modern, shareable and actionable format whilst reducing time taken to prepare reports and streamlining content to minimise noise. Sam was a founding member and Chair of ACCA's Global Technology Forum, steering ACCA's approach to updating members around key technology developments and trends.

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    Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours1,500+ unitshourshours1,500+ unitshourshours
    Access period120 days120 days12 months12+ months
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