Future of Finance: Digital Innovation
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.
£150 +VAT
Future of Finance: Digital Innovation
£150 +VAT
365 days’ access
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
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.
26 reviews for Future of Finance: Digital Innovation
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Tamara Dragasevic –
The course is covering very important topics but is a bit theoretical.
Richard Charles Starling –
Excellent couse
Matthew Cooper –
Gave a good overview of the process for initiating change management for innovation in finance teams.
Philip Austin –
Covered all aspects of the topic
Keith Holmes –
Some good external reference material. Course fairly easy to follow and provides useful hints and tips to help with implementing change in current finance team and business organisation.
Jennifer Jimenez –
well presented and easy to digest
Laura Jane Atkins –
Lots of things to think about when trying to use new technologies and this course covered them well.
David Budge –
I thought the course was a very good overview of the digital innovation concept and where accountancy is part of the concept. It has encouraged me to think a lot more about what could be done in our organisation to improve processes and efficiency with technology. I have probably been slower to adopt new technology and has encouraged me to be a lot more pro-active in looking onto new technology.
Tim Hannam –
Straightforward approach to innovation and acceptance of new technologies outlined in this module
Eugene Cahill –
I work in a legal practice and so the course content was not particularly relevant to my situation. None the less the content was very interesting and informative.
Priteshbhai Patel –
very informative
Wendy Beattie –
Very relevant course and very informative
Joanna Chu Lai Fei –
The course is good and helpful.
Sue Sigamoney –
This course was very clear and effective. I resist change and am not prone toward embracing new technology, as I am a dinosaur myself, however, it does stress the importance of the implementation of change in an ever changing world. It also recognises the fact that certain steps can be taken to ease ourselves into those changes in the technology.
Bruno Verduci –
very interesting and useful
Bheki S Mataba –
the course was very informative, there is a lot to learn with new technology in business
Erika Vegh –
well organised and easy to follow
Dee Manser –
A comprehensive course that encourages critical thinking
Peter Bruges –
Very good introductory content. There are other ways to manage change, however…
Janet Watters –
It helps to understand how important innovation is in all aspects of business including accounting and how the accounting area should not sky away from innovating it’s service to the rest of the business.
Nilan Fonseka –
Accountants should know about new digital changes. Continuous improvements in process efficiencies. Be open to change and convince others to embrace change.
Mogomotsi Mogapi –
great ideas
Swathi Pativada –
Expected more details on latest trends
Lydia Burchett –
Simplistic and poorly written.
Varoun Branker –
A video in Chapter 4 isn’t loading. Learning was great as usual.
Julie Grant –