The changing face of accounting: Prospects and issues in the application of artificial intelligence

Bikash Kumar Malviya; Panna Lal

doi:10.55429/ijabf.v1i1.6

The changing face of accounting

Prospects and issues in the application of artificial intelligence

Authors

Bikash Kumar Malviya Assistant Professor, Maa Sharda College, Bundelkhand University, Jhansi, Uttar Pradesh, India
Panna Lal Assistant Professor, Department of Commerce, Gaya College, Gaya, Bihar, India

DOI:

https://doi.org/10.55429/ijabf.v1i1.6

Keywords:

Artificial intelligence, e-accounting, accounting, cost-efficient, automation

Abstract

Artificial intelligence (AI) has penetrated every part of business, and accounting has changed from e-accounting to AI-enabled accounting. AI opens the door to many competitive edges, whether collecting and analyzing financial data or various real-time data, including those from social networks, videos, images, geological locations, etc. AI is adaptive to the work environment, and its infusion is expected to expand its spider-web in almost every industry. This study aims to discuss AI in accounting while discussing the prospects and issues in applying AI. It also discusses some of the popular AI-based programs available for accounting.

Metrics

Metrics Loading ...

Downloads

Published

30-12-2021 — Updated on 01-01-2022

Versions

How to Cite

Malviya, B. K., & Lal, P. (2022). The changing face of accounting: Prospects and issues in the application of artificial intelligence. International Journal of Accounting, Business and Finance, 1(1), 1–7. https://doi.org/10.55429/ijabf.v1i1.6 (Original work published December 30, 2021)

Download Citation

Issue

Vol. 1 No. 1 (2021): December 2021

Section

Letters/Short notes

License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

This is an open-access journal. Your article will be published open-access, but you will not have to pay an APC (article processing charge) - publication is free. Your article will be published with a Creative Commons CC BY 4.0 user licence, which outlines how readers can reuse your work. The licence terms may be found at https://creativecommons.org/licenses/by-nc/4.0/.