Artificial Intelligence in Accounting Practices
Journal: International Journal of Science and Research (IJSR) (Vol.11, No. 3)Publication Date: 2022-03-05
Authors : Smitha Mahindrakar;
Page : 116-118
Keywords : Artificial Intelligence; Machine learning; Accounting; Finance;
Abstract
AI-Artificial Intelligence is a breakthrough in the field of computing, in present day scenario AI has already established in every industry vertical and its applications are growing at rapid pace. AI is significantly contributing to Science andComputing, from Drug discoveries to Biotechnology to Cyber security. Implementation of AI has contributed to a significant improvement in efficiency across all the sectors. These developments have obliged to adopt & embrace AI in the domain of accounting for better efficiencies. The domain of accounting/audit services/tax services/wealth management deals with significant amount data to analyze andcomplex processes to make decisions; this can be leveraged by implementation of AI to bringing efficiencies. This paper analyzes some of the areas of AIs implementations, barriers, and framework for the future efforts of inclusion of AI in accounting domain.
Other Latest Articles
- Effect of Pain Control on Quality of Life in Cancer Patients
- A Study to Assess the Level of Stress and Coping Skills among Visually Impaired Children in Selected Blind School of Kamrup District, Assam
- Economic Condition of Scheduled Castes (SC) - A Case Study on Suryapet, Nalgonda District
- A Study to Assess the Effectiveness of Structured Teaching Program on Knowledge regarding Hypertension and its Management among Hypertensive Patients Admitted in Various Wards of Indira Gandhi Medical College and Hospital Shimla Himachal Pradesh
- Feministic issues in "The Guide" By R. K. Narayan
Last modified: 2022-05-14 21:02:36