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International Journal of Business and Social Science Research
ISSN : 29579236     EISSN : 27092143     DOI : https://doi.org/10.47742/ijbssr
Accounting Information System, Anthropology, Corporate Governance, Development Economics and Economic Policies, Education Research, Environmental Studies, Finance & Banking, History & Culture, Human Geography, Tourism and Hospitality, Insurance and Actuarial Science, International Relations, Legal Studies, Marketing Research, Mass Communication, Management Information System, Management & Business Studies, Operations Research, Peace and Conflict, Philosophy, Political Science, Population Studies, Education, Law, Economics, Public Administration, Psychology, Quantitative and Qualitative Management, Religious Studies, Social Policy and Social Welfare, Sociology, Teaching, Tourism and Hospitality, Women Studies.
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Search results for , issue "Vol. 2 No. 5 (2021): Vol. 2 No. 5 (2021): May(IJBSSR)" : 1 Documents clear
Towards understanding of artificial intelligence in accounting profession Aditya Prasad Sahoo Sahoo; Dr Yajnya Dutta Nayak
International Journal of Business and Social Science Research Vol. 2 No. 5 (2021): Vol. 2 No. 5 (2021): May(IJBSSR)
Publisher : The Institute of Academic Research and Publication (IARP)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (982.334 KB) | DOI: 10.47742/ijbssr.v2n5p1

Abstract

Accountants have embraced the emission of automation over many years to get better the efficiency and effectiveness of their work. But technology has not been able to replace the need for expert knowledge and decision-making. Earlier generations of ‘intelligent systems have usually demonstrated the progressing power of human expertise and the restrictions of machines. In the upcoming decades, intelligent systems must take over more and better decision-making tasks from humans. While accountant has been using technology for a lot of years to improve what they do and deliver more value to businesses, this is an opportunity to reimagine and radically improve the quality of business and investment decisions which is the ultimate purpose of the profession. Accountants, as expert decision-makers, use both ways of thinking they apply their knowledge to specific situations to make reasoned decisions, although also make quick intuitive decisions based on extensive experience in their field.  Today, AI is being used for image recognition, object identification, detection, classification, and automated geophysical feature detection. These are underlying tasks that once required the input of a human. Focusing on how artificial intelligence will impact accountants, AI will very soon help the organization to automate much of the routine and repetitive activities that are undertaken on a daily, weekly or annual basis. It will also help the organization to empower quick decision-making to create smart insights examine huge quantities of data with ease.

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