This course explores business analytic applications in accounting. First, it presents a survey of technology topics in accounting, including process mining, blockchain and applications in audit, tax, and assurance. Next, the course explores visualization and basic analytics in audit and control testing using R and Alteryx. Next, the course examines the uses of text analysis in accounting and conducts text analysis using R and RStudio. Finally, the course examines robot process automation in general using UiPath and its applications in accounting.
Offered By
Business Analytics SpecializationUniversity of Illinois at Urbana-ChampaignAbout this Course
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Flexible deadlines
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Shareable Certificate
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100% online
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Course 6 of 6 in the
Intermediate Level
Prior knowledge and experience with R and RStudio is assumed.
Approx. 14 hours to complete
English
Subtitles: English
Skills you will gain
- Natural Language Processing
- robotic process automation
- Analytics
- Data Analysis
- Accounting Analytics
Flexible deadlines
Reset deadlines in accordance to your schedule.
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Course 6 of 6 in the
Intermediate Level
Prior knowledge and experience with R and RStudio is assumed.
Approx. 14 hours to complete
English
Subtitles: English
Offered by
University of Illinois at Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
Start working towards your Master's degree
This course is part of the 100% online Master of Business Administration (iMBA) from University of Illinois at Urbana-Champaign.
If you are admitted to the full program, your courses count towards your degree learning.
Syllabus - What you will learn from this course
3 hours to complete
MODULE 1: SURVEY OF ANALYTICS TOPICS IN ACCOUNTING
In this module, we provide a broad overview of the role of accounting as it interacts with data analytics and new technological advances. We begin by understanding what accounting is and the environment surrounding it. We then introduce you to the recent trends in the technology of accounting. We conclude the module with a discussion of three important topics in accounting - cybersecurity, process mining, and blockchain.
3 hours to complete
16 videos (Total 69 min), 5 readings, 2 quizzes
4 hours to complete
MODULE 2: CONTROLS AND AUDITING
This module introduces you to important concepts related to auditing. We begin by reviewing the different types of technology that can be used by the auditors to increase the effectiveness and efficiency of audits. We then examine how and why mistakes or fraud occur. We also discuss how internal controls can be placed to prevent misstatements. Finally, we demonstrate the control test workflow using a real-world dataset in both Alteryx Designer and RStudio.
4 hours to complete
18 videos (Total 148 min), 2 readings, 1 quiz
3 hours to complete
MODULE 3: TEXT PROCESSING AND ANALYSIS IN ACCOUNTING
Numbers are everywhere in the financial statements. However, accounting is also about more than numbers. In this module, we discuss how text in accounting disclosure and other accounting information can contain useful information. We also demonstrate how to implement a basic natural language processing (NLP) pipeline using R.
3 hours to complete
11 videos (Total 83 min), 2 readings, 1 quiz
4 hours to complete
MODULE 4: ROBOT PROCESS AUTOMATION IN ACCOUNTING
Accountants do many things that are standardized and mundane. This module introduces you to robotic process automation (RPA) that can be used to automate those routine tasks. We begin by looking at the definition of RPA and where it stands in the automation continuum. We then examine suitable tasks for RPA, steps in implementing RPA, and pros and cons associated with using RPA. We will also discuss the effect of RPA on accounting. We conclude the module with a demonstration of RPA using UiPath.
4 hours to complete
14 videos (Total 114 min), 4 readings, 1 quiz
About the Business Analytics Specialization
Our world has become increasingly digital, and business leaders need to make sense of the enormous amount of available data today. In order to make key strategic business decisions and leverage data as a competitive advantage, it is critical to understand how to draw key insights from this data. The Business Analytics specialization is targeted towards aspiring managers, senior managers, and business executives who wish to have a well-rounded knowledge of business analytics that integrates the areas of data science, analytics and business decision making.
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