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The changing face of accounting

Prospects and issues in the application of artificial intelligence

Authors

Dr. Bikash Kumar Malviya Maa Sharda College, Bundelkhand University, Jhansi, Uttar Pradesh
Dr. Panna Lal Department of Commerce, Gaya College, Gaya, Bihar

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.

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Published

30-12-2021

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How to Cite

Malviya, B. K., & Lal, P. (2021). 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

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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.

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