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Webinar Ima - The Bots Are Coming
Webinar Ima - The Bots Are Coming
Asking Questions
Help
CPE Credit
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Featured Presenter
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Featured Presenter
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Featured Presenter
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Copyright © 2020 IMA® (Institute of Management Accountants). All rights reserved.
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Learning Objectives
Upon completing this webinar, you will be able to:
1. Define robotic process automation (RPA).
2. Explain the importance of RPA in business and accounting.
3. Describe why RPA should be taught in introductory
accounting classes.
4. Give examples of how to access accounting RPA resources
for an introductory accounting class.
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Polling Question 1
What does RPA stand for?
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Demand for business grads with automation
technology skills has exploded
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RPA automates repetitive
tasks and is…
•a software system that emulates
human interaction
•delivered through development
of workflows
•best used for rules-based tasks
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RPA SYSTEMS HAVE
DRAG-AND-DROP
ACTIVITIES
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MINIMAL
TO NO
CODING IS
REQUIRED
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A BOT CANNOT HANDLE ACTIVITIES THAT REQUIRE
CREATIVITY, EMOTIONAL INTELLIGENCE, AND JUDGMENT
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>
AN RPA BOT IS MUCH MORE POWERFUL THAN AN
EXCEL MACRO
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Activities should have
these conditions and
characteristics:
• Rule-based
• Steps are repetitive and routine
• High volume of data
• Data follows a consistent
pattern
• Data can be recognized by the
software
• High chance of human error
• Cost-benefit
Polling Question 2
Which of these activities would be suitable for RPA
candidates? (please select all that apply)
a) Perform bank reconciliations
b) Validating hours worked against the scheduling system
c) Updating inventory records from customer orders
d) All of these would be suitable for RPA
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EXAMPLE
TO USE IN
CLASS
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Other activities that can be
automated
•Accounts receivable
•Inventory
•Accounts payable and bad
debts
•Internal control and fraud
•Payroll
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Polling Question 3
Which one of the following is not a potential benefit of RPA?
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Polling Question 4
Which one of the following is not a potential drawback of
RPA?
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Projects for intro
accounting
• Introductory projects that
expose students to bots
• Build a simple process for a bot
• Uses the free software
Automation Anywhere
(automationanywhere.com)
• Can be accessed at Accounting
is Analytics
(accountingisanalytics.com)
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RPA is here to stay
•Demand for RPA bots is growing
•Human errors cost are costly
•Capabilities of RPA bots will
expand greatly due to AI
•Need to include RPA in
curriculum
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Questions & Answers
Use the Q & A Panel to send your questions to our panelists.
Jennifer Cainas, DBA, CPA Wendy Tietz, Ph.D., CMA, Tracie Miller-Nobles, CPA Jodi Ryan, CAE
Clinical Professor CSCA, CPA Associate Professor Director,
University of South Florida Professor Austin Community College Member Engagement
Kent State University IMA
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Copyright © 2020 IMA® (Institute of Management Accountants). All rights reserved.
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Thank You to Our Presenters!
Jennifer Cainas, DBA, CPA Wendy Tietz, Ph.D., CMA, CSCA, CPA Tracie Miller-Nobles, CPA
Clinical Professor Professor Associate Professor
University of South Florida Kent State University Austin Community College
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Copyright © 2020 IMA® (Institute of Management Accountants). All rights reserved.
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Final Reminders
► Complete the Evaluation poll – 2 options
• On your screen
• Evaluation Survey icon at the bottom of your console
► Access to your CPE Certificate – 2 options
• Click the “CPE” icon at the bottom of your console
or
• Click the link in your post-event e-mail
► Please print a copy of the CPE certificate for your records.
► Your CPE credit will be automatically recorded in your transcript.
For nearly 50 years, the CMA certification has been the global benchmark for accounting and finance
professionals. It demonstrates mastery in 12 critical practice areas in business, including technology,
analytics, financial planning and analysis, performance, and control. Professionals who earn the CMA
can gain greater credibility, career advancement opportunities, and higher earning potential.