Revolutionizing Accounting For Decision Making
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Revolutionizing Accounting For Decision Making
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Author : Francis X. Ryan CPA CGMA MBA
language : en
Publisher: Xlibris Corporation
Release Date : 2016-05-13
Revolutionizing Accounting For Decision Making written by Francis X. Ryan CPA CGMA MBA and has been published by Xlibris Corporation this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-13 with Business & Economics categories.
This book combines multiple disciplines of lean and activity-based costing in a practical, easy-to-use way so that leaders can make informed decisions. Most of my life has been dealing with organizations that are in financial distress. Many financial decisions were based upon information that was technically accurate but simultaneously misleading or deceptive. Unfortunately, organizations are making decisions about selling divisions, shutting down product lines, moving facilities, and disrupting peoples lives without a clear understanding of the accuracy and the importance of those decisions. Individuals and their families have seen lives shattered because of suspect information. As a certified public accountant (CPA), we pride ourselves that our responsibility is to the public. We clearly state in our code of ethics that we have a responsibility to the collective well-being of the people that we serve. That is a daunting responsibility. We also have a responsibility to be objective. Objectivity requires us to be impartial, intellectually honest, and free of conflicts of interest and material bias. The principles of lean, activity-based costing, marketing, strategic planning, and traditional financial reporting are combined using existing systems so that decision-makers can be armed with accurate financial information. Activity-based costing is a process-oriented, systematic approach to attribute cost to the activities for which an organization is engaged to accomplish it strategic mission. An understanding of the organizations mission is essential for an accurate understanding of the nature of costs. The entire concept of activity based costing and going lean is designed to support the governance responsibilities of management. Our revolutionary approach to accounting for decision making will result in a rethinking of accounting and information system to enable leaders to make more informed decisions.
Revolutionizing Accounting For Decision Making
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Author : Francis X. Ryan
language : en
Publisher:
Release Date : 2016-05-13
Revolutionizing Accounting For Decision Making written by Francis X. Ryan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-13 with Activity-based costing categories.
This book combines multiple disciplines of lean and activity-based costing in a practical, easy-to-use way so that leaders can make informed decisions. Most of my life has been dealing with organizations that are in financial distress. Many financial decisions were based upon information that was technically accurate but simultaneously misleading or deceptive. Unfortunately, organizations are making decisions about selling divisions, shutting down product lines, moving facilities, and disrupting people?s lives without a clear understanding of the accuracy and the importance of those decisions. Individuals and their families have seen lives shattered because of suspect information. As a certified public accountant (CPA), we pride ourselves that our responsibility is to the public. We clearly state in our code of ethics that we have a responsibility to the collective well-being of the people that we serve. That is a daunting responsibility. We also have a responsibility to be objective. Objectivity requires us to be impartial, intellectually honest, and free of conflicts of interest and material bias. The principles of lean, activity-based costing, marketing, strategic planning, and traditional financial reporting are combined using existing systems so that decision-makers can be armed with accurate financial information. Activity-based costing is a process-oriented, systematic approach to attribute cost to the activities for which an organization is engaged to accomplish it strategic mission. An understanding of the organization?s mission is essential for an accurate understanding of the nature of costs. The entire concept of activity based costing and going lean is designed to support the governance responsibilities of management. Our revolutionary approach to accounting for decision making will result in a rethinking of accounting and information system to enable leaders to make more informed decisions.
Chatgpt And Ai For Accountants
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Author : Dr. Scott Dell
language : en
Publisher: Packt Publishing Ltd
Release Date : 2024-06-28
Chatgpt And Ai For Accountants written by Dr. Scott Dell and has been published by Packt Publishing Ltd this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-06-28 with Computers categories.
Elevate your accounting skills by applying ChatGPT across audit, tax, consulting, and beyond Key Features Leverage the impact of AI on modern accounting, from audits to corporate governance Use ChatGPT to streamline your accounting tasks with practical hands-on techniques Understand the impact of AI in accounting through in-depth chapters covering various domains, including ethical considerations and data analytics Purchase of the print or Kindle book includes a free PDF eBook Book DescriptionIn the fast-paced AI world, accounting professionals are increasingly challenged by the complexities of AI. Many struggle to integrate these advanced tools into their workflows, leading to a sense of overwhelm. ChatGPT for Accounting bridges this gap by not only simplifying AI concepts but also offering practical insights for its application in various accounting domains. This book takes you from the foundational principles of Generative Artificial Intelligence (GAI) to its practical applications in audits, tax planning, practice management, fraud examination, financial analysis, and beyond. Each chapter equips you with essential skills, showing you how AI can revolutionize internal control systems, enhance recruitment processes, streamline marketing plans, optimize tax strategies, and boost efficiency in audits. You’ll then advance to exploring the role of AI in forensic accounting, financial analysis, managerial accounting, and corporate governance, while also addressing ethical and security implications. Concluding with a reflective outlook on the promises and challenges of AI, you’ll gain a holistic view of the future of accounting. By the end of this book, you’ll be equipped with the knowledge to harness the power of AI effectively and ethically, transforming your accounting practice and staying ahead in the ever-evolving landscape.What you will learn Understand the fundamentals of AI and its impact on the accounting sector Grasp how AI streamlines and enhances the auditing process for high accuracy Uncover the potential of AI in simplifying tax processes and ensuring compliance Get to grips with using AI to identify discrepancies and prevent financial fraud Master the art of AI-powered data analytics for informed decision-making Gain insights into seamlessly integrating AI tools within existing accounting systems Stay ahead in the evolving landscape of AI-led accounting tools and practices Who this book is for Whether you're a seasoned accounting professional, a C-suite executive, a business owner, an accounting educator, a student of accounting, or a technology enthusiast, this book provides the knowledge and insights you need to navigate the changing landscape in applying GAI technology to make a difference in all you do. An appreciation and understanding of the accounting process and concepts will be beneficial.
The Future Of Accounting How Ai Is Changing The Game
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Author : Jorge Sequeira
language : en
Publisher: Jorge Sequeira
Release Date : 2024-04-30
The Future Of Accounting How Ai Is Changing The Game written by Jorge Sequeira and has been published by Jorge Sequeira this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-04-30 with Business & Economics categories.
Artificial Intelligence Approaches To Sustainable Accounting
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Author : Tavares, Maria C.
language : en
Publisher: IGI Global
Release Date : 2024-04-01
Artificial Intelligence Approaches To Sustainable Accounting written by Tavares, Maria C. and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-04-01 with Computers categories.
In an age defined by unparalleled technological advancements, globalization, and the looming specter of environmental and societal crises, the need for a holistic and sustainable approach to accounting practices has never been more pressing. Academic scholars stand witness to the challenges posed by the new era, characterized by transformative shifts across industry, education, community, and society at large. These shifts, driven by rapid advancements in Artificial Intelligence (AI), present a double-edged sword. While AI offers unprecedented opportunities for innovation, it also amplifies the urgency of addressing sustainability concerns. Today's society grapples with the immense responsibility of achieving the Sustainable Development Goals (SDGs) outlined in Agenda 2030. It is imperative to not only understand but harness the power of AI to drive sustainability, enhance the quality of life, and ensure sustainable growth on both local and global scales. Artificial Intelligence Approaches to Sustainable Accounting serves as a beacon of knowledge, providing a comprehensive exploration of the intersection between AI, accounting, and sustainability. This book represents a vital solution to the challenges faced by academic scholars and practitioners alike. Within its pages lies a transdisciplinary approach that bridges the gap between these critical fields. Discover how AI can elevate accounting to new heights, extending the spectrum of information in organizational decision-making, promoting responsible reporting practices, and bolstering sustainable practices worldwide. This book not only reviews governance and management processes but also offers practical methodologies that empower organizations to embrace sustainability wholeheartedly.
Holistic Approach To New Technologies For Secure Accounting Management
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Author : Emilio Abad Segura
language : en
Publisher: ESIC
Release Date : 2023-06-19
Holistic Approach To New Technologies For Secure Accounting Management written by Emilio Abad Segura and has been published by ESIC this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-06-19 with Education categories.
Accounting Disrupted
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Author : Al Bhimani
language : en
Publisher: John Wiley & Sons
Release Date : 2021-02-04
Accounting Disrupted written by Al Bhimani and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-04 with Business & Economics categories.
Accounting Disrupted: How Digitalization is changing Finance delivers a powerful analysis of the new technological forces buffeting the accounting profession and identifies key pathways to responding to the challenges. Al Bhimani, distinguished accountant, academic, and author, shows readers how established business fundamentals are being eclipsed and that accounting has not been spared. You'll learn: How the new realities of digitalization, including big data and AI, are affecting audit work and financial management practices How learning fast about and from more diverse data sources is essential to the new accounting environment Why accounting information must start to speak to what will take place rather than about financial activities that have occurred What finance must do in a world of changing risks, data growth, fast digitization, and increased regulation The author makes a compelling case that accounting now faces a crunch: it needs to reshape itself from the core because conventional financial analysis is proving too cumbersome and slow for executives in digitalized organizations. In a straightforward and illustrated style packed with case studies and practical examples, he shows readers how big data, blockchain, robotic process automation, and artificial intelligence, can help accountants adapt to new realities. Perfect for finance leaders in both the private and public sectors, Accounting Disrupted also belongs on the bookshelves of accounting students who wish to better prepare for the technological and professional environment in which they’ll shortly find themselves.
Generative Ai In Fintech Revolutionizing Finance Through Intelligent Algorithms
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Author : Soumi Dutta
language : en
Publisher: Springer Nature
Release Date : 2025-03-19
Generative Ai In Fintech Revolutionizing Finance Through Intelligent Algorithms written by Soumi Dutta and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-03-19 with Computers categories.
This book delves into the intersection of generative artificial intelligence (AI) and the financial Technology (FinTech) industry. This book provides a comprehensive exploration of how Generative AI, a cutting-edge subset of artificial intelligence, is fundamentally altering the landscape of finance. It meticulously unravels the intricate ways in which advanced algorithms, powered by generative AI, are transforming traditional financial processes, decision-making, risk assessment, portfolio management, fraud detection, and more. Through a detailed analysis of theoretical concepts and practical applications, we illustrate how generative AI techniques, such as Generative Adversarial Networks (GANs) and Variational Autoencoders (VAEs), are empowering FinTech applications to generate synthetic financial data, optimize trading strategies, and enhance customer experiences. Readers will gain a deep understanding of the potential of generative AI to create realistic financial scenarios, model market behaviour, and simulate various economic conditions for better planning and strategizing. Moreover, this book offers insights into ethical considerations and potential challenges associated with the use of generative AI in the FinTech domain, emphasizing the importance of responsible and accountable deployment. Additionally, Generative AI in FinTech serves as a practical guide for professionals, researchers, and enthusiasts seeking to implement generative AI solutions within the financial sector. It presents case studies and real-world examples that demonstrate the effectiveness and impact of generative AI in various FinTech applications.
Ai S Transformative Impact On Finance Auditing And Investment
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Author : Ghosn, Fadi
language : en
Publisher: IGI Global
Release Date : 2025-05-29
Ai S Transformative Impact On Finance Auditing And Investment written by Ghosn, Fadi and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-05-29 with Business & Economics categories.
AI's transformative impact on finance, auditing, and investment revolutionizes the way financial systems operate, making processes more efficient, accurate, and data driven. In finance, AI automates complex tasks like risk assessment, fraud detection, and predictive analytics, allowing firms to make more informed decisions and manage risk with precision. In auditing, AI tools enhance the ability to analyze large amounts of financial data, identifying discrepancies that may have gone unnoticed, improving transparency and accountability. Investment strategies are reshaped as AI-powered algorithms optimize portfolio management, forecast market trends, and execute trades in real time, reducing human error and enabling faster decision-making. While these advancements offer incredible benefits, they also raise concerns about security, data privacy, and the potential for job displacement in traditional financial roles, which requires further exploration. AI's Transformative Impact on Finance, Auditing, and Investment examines how AI technologies are revolutionizing these critical sectors. It examines foundational AI concepts, including machine learning, natural language processing, and their applications in risk management, fraud detection, financial forecasting, and audit automation, discussing ethics, regulatory considerations, and future trends. This book covers topics such as policymaking, data analytics, and financial technology, and is a useful resource for business owners, policymakers, economists, academicians, researchers, and data scientists.
Convergence Of Ai Education And Business For Sustainability
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Author : Tariq, Muhammad Usman
language : en
Publisher: IGI Global
Release Date : 2025-03-06
Convergence Of Ai Education And Business For Sustainability written by Tariq, Muhammad Usman and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-03-06 with Business & Economics categories.
The convergence of artificial intelligence (AI), education, and business presents an opportunity to drive sustainability across industries and societies. As the world faces complex environmental, social, and economic challenges, AI offers innovative solutions to optimize resource usage, streamline business operations, and enhance decision-making processes for sustainable outcomes. In education, AI enables personalized learning experiences, equipping future generations with the knowledge and skills needed to tackle sustainability challenges. Businesses adopt AI to innovate sustainable products and services, reduce carbon footprints, and create a circular economy. This intersection between AI, education, and business reshapes how sustainability is approached while creating a new framework for collaboration, where technology, learning, and commerce work in harmony to build a more sustainable and equitable future. Convergence of AI, Education, and Business for Sustainability explores successful, scalable, and replicable AI applications that contribute to sustainability goals. It bridges the gap between theoretical AI advancements and practical sustainability solutions, encouraging further innovation, investment, and interdisciplinary research in this critical area. This book covers topics such as environmental science, green business, and human resources, and is a useful resource for environmentalists, business owners, educators, academicians, computer engineers, data scientists, and researchers.