Future of Finance: Digital Innovation

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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.

£100 +VAT

4 CPD hours

120 days’ access

Use ACPD101 for 10% off any purchase.

Future of Finance: Digital Innovation

£100 +VAT

4 CPD hours 120 days’ access
Use ACPD101 for 10% off any purchase.

Future of Finance: Digital Innovation

This course is not currently available. To find out more, please get in touch.

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.

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

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.