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Abstract

Role of Artificial Intelligence in Accounting

Kunj Sheth

Principal CPA, Sheth Tax Inc, USA

115-128 Vol: 12, Issue: 4, 2022
Receiving Date: 2022-11-04
Acceptance Date: 2022-12-18
Publication Date: 2022-12-23
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http://doi.org/10.37648/ijtbm.v12i04.008

Abstract

An invention that has the potential to completely transform the game is artificial intelligence (AI), which gives computers the ability to learn, reason, and solve problems in the same manner that people can. Among the numerous industries that artificial intelligence has disrupted in recent years, accounting is one of the most notable examples. The effectiveness of accounting systems is improved by artificial intelligence (AI) via the automation of complex activities such as data processing, interpretation, and financial forecasting systems. The use of artificial intelligence into accounting software offers several advantages, such as increased accuracy, increased production per employee, decreased operational expenditures, and increased time savings. This article digs into the use of artificial intelligence (AI) in the accounting sector, analyzing the possible applications, benefits, and future prospects of AI-driven accounting systems. The primary objective of this study is to investigate the ways in which artificial intelligence has altered the accounting procedures that are now being used.

Keywords: Accounting; Role; Artificial intelligence; financial

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