This presentation looks at the role of AI with accounting and finance. The focus looks at automation and skill set require by accounting professionals to support their clients current and future needs in terms of support.

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© 2014 IBM Corporation
Artificial Intelligence (AI) with
Accounting and Finance
Presenter: Paul Young, CPA, CGA – Proven Practice Adviser – Risk
Analytics, FOPM/FPM and Close, Consolidate and Reporting
Day: July 6, 2017

2. © 2012 IBM CorporationSeptember 9,
2014
• Paul Young, CPA, CGA
• SME – Financial Performance Management (TM1, Cognos
Controller and Cognos Disclosure Management, OpenPages,
Algorithmics, Cognos Integrated Server, Cognos Command
Center and Datawatch)
• Industry Experience
• 15+ years in Corporate Reporting, Budget & Forecasting,
Costing, Business Process Management, Internal Audit
and Controls, Risk Management, Financial Analysis,
Costing
• 12+ years in financial solutions (FOPM, FPM, Risk, Office
of the Finance, Risk Management)
• 8+ years teaching Advance Finance, Advance
Accounting, Public Finance and Advance Management
Information Systems
• Blogger in areas like Finance Analysis, Government

3. © 2012 IBM Corporation
• What is AI
• Evolution of Accounting and Finance
• AI and the Accounting Profession
• Gartner/Data Sciences
• Automated Solutions
Agenda

4. © 2012 IBM Corporation
What is AI
Source - http://searchcio.techtarget.com/definition/AI
September 9,
2014
AI (pronounced AYE-EYE) or artificial intelligence is
the simulation of human intelligence processes by
machines, especially computer systems. These
processes include learning (the acquisition of
information and rules for using the information),
reasoning (using the rules to reach approximate or
definite conclusions), and self-correction. Particular
applications of AI include expert systems, speech
recognition and machine vision

5. © 2012 IBM Corporation
Evolution of Accounting and Finance
Source - http://www.businessreviewaustralia.com/finance/2441/What-does-the-future-of-
accounting-look-likeSeptember 9,
2014
Australia Business Review – June 23, 2017

6. © 2012 IBM Corporation
AI and the Accounting Profession
Source - https://www.accountingweb.com/community/blogs/anthonym/how-accountants-can-
prepare-for-the-age-of-ai or https://www.accountantsdaily.com.au/technology/10401-
artificial-intelligence-infiltrating-accounting-industry https://www.finance-
monthly.com/2017/06/whats-the-future-of-automation-in-finance-accounting/
September 9,
2014
• Automation
• Accountants need to move more to business insight, risk
management, cost controls and strategic planning

7. © 2012 IBM Corporation
Data Sciences
Source - https://rapidminer.com/resource/gartner-magic-quadrant-data-science-platforms/
September 9,
2014

8. © 2012 IBM Corporation
IBM Solutions
• FOPM - https://www.ibm.com/ca-en/marketplace/planning-
and-analytics
• Consolidation Solutions - https://www.ibm.com/us-
en/marketplace/auditable-financial-consolidation
• Reporting Solutions – IBM/Certent -
http://certent.com/solutions/disclosure-management/
• Risk Analytics -
http://www.ibm.com/analytics/us/en/business/governance-
risk-compliance/
•
September 9,
2014

9. © 2012 IBM CorporationSeptember 9,
2014
• Contact information
• Paul Young (email: paul.young@ca.ibm.com)