Artificial Intelligence in Accounting

Artificial Intelligence in Accounting
Author: Cory Ng
Publisher: Routledge
Total Pages: 144
Release: 2020-12-08
Genre: Business & Economics
ISBN: 1000331857

Artificial Intelligence in Accounting: Practical Applications was written with a simple goal: to provide accountants with a foundational understanding of AI and its many business and accounting applications. It is meant to serve as a guide for identifying opportunities to implement AI initiatives to increase productivity and profitability. This book will help you answer questions about what AI is and how it is used in the accounting profession today. Offering practical guidance that you can leverage for your organization, this book provides an overview of essential AI concepts and technologies that accountants should know, such as machine learning, deep learning, and natural language processing. It also describes accounting-specific applications of robotic process automation and text mining. Illustrated with case studies and interviews with representatives from global professional services firms, this concise volume makes a significant contribution to examining the intersection of AI and the accounting profession. This innovative book also explores the challenges and ethical considerations of AI. It will be of great interest to accounting practitioners, researchers, educators, and students.

Artificial Intelligence for Audit, Forensic Accounting, and Valuation

Artificial Intelligence for Audit, Forensic Accounting, and Valuation
Author: Al Naqvi
Publisher: John Wiley & Sons
Total Pages: 326
Release: 2020-08-25
Genre: Business & Economics
ISBN: 1119601886

Strategically integrate AI into your organization to compete in the tech era The rise of artificial intelligence is nothing short of a technological revolution. AI is poised to completely transform accounting and auditing professions, yet its current application within these areas is limited and fragmented. Existing AI implementations tend to solve very narrow business issues, rather than serving as a powerful tech framework for next-generation accounting. Artificial Intelligence for Audit, Forensic Accounting, and Valuation provides a strategic viewpoint on how AI can be comprehensively integrated within audit management, leading to better automated models, forensic accounting, and beyond. No other book on the market takes such a wide-ranging approach to using AI in audit and accounting. With this guide, you’ll be able to build an innovative, automated accounting strategy, using artificial intelligence as the cornerstone and foundation. This is a must, because AI is quickly growing to be the single competitive factor for audit and accounting firms. With better AI comes better results. If you aren’t integrating AI and automation in the strategic DNA of your business, you’re at risk of being left behind. See how artificial intelligence can form the cornerstone of integrated, automated audit and accounting services Learn how to build AI into your organization to remain competitive in the era of automation Go beyond siloed AI implementations to modernize and deliver results across the organization Understand and overcome the governance and leadership challenges inherent in AI strategy Accounting and auditing firms need a comprehensive framework for intelligent, automation-centric modernization. Artificial Intelligence for Audit, Forensic Accounting, and Valuation delivers just that—a plan to evolve legacy firms by building firmwide AI capabilities.

Artificial Intelligence in Accounting and Auditing

Artificial Intelligence in Accounting and Auditing
Author: Miklos A. Vasarhelyi
Publisher:
Total Pages: 0
Release: 1989
Genre: Accounting
ISBN: 9781558761780

A study of artificial intelligence and expert systems in accounting, auditing, tax and finance. The essays are divided into five sections on: creating value with expert systems; auditing, internal auditing and tax; finance; financial decision-making issues; and system quality issues.

Artificial Intelligence in Accounting

Artificial Intelligence in Accounting
Author: Cory Ng
Publisher: Taylor & Francis
Total Pages: 135
Release: 2020-12-08
Genre: Business & Economics
ISBN: 100033175X

Artificial Intelligence in Accounting: Practical Applications was written with a simple goal: to provide accountants with a foundational understanding of AI and its many business and accounting applications. It is meant to serve as a guide for identifying opportunities to implement AI initiatives to increase productivity and profitability. This book will help you answer questions about what AI is and how it is used in the accounting profession today. Offering practical guidance that you can leverage for your organization, this book provides an overview of essential AI concepts and technologies that accountants should know, such as machine learning, deep learning, and natural language processing. It also describes accounting-specific applications of robotic process automation and text mining. Illustrated with case studies and interviews with representatives from global professional services firms, this concise volume makes a significant contribution to examining the intersection of AI and the accounting profession. This innovative book also explores the challenges and ethical considerations of AI. It will be of great interest to accounting practitioners, researchers, educators, and students.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance
Author: El Bachir Boukherouaa
Publisher: International Monetary Fund
Total Pages: 35
Release: 2021-10-22
Genre: Business & Economics
ISBN: 1589063953

This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

Revolutionizing Business Practices Through Artificial Intelligence and Data-Rich Environments

Revolutionizing Business Practices Through Artificial Intelligence and Data-Rich Environments
Author: Gupta, Manisha
Publisher: IGI Global
Total Pages: 319
Release: 2022-09-07
Genre: Computers
ISBN: 1668449528

Throughout the world, artificial intelligence is reshaping businesses, trade interfaces, economic activities, and society as a whole. In recent years, scholarly research on artificial intelligence has emerged from a variety of empirical and applied domains of knowledge. Computer scientists have developed advanced deep learning algorithms to leverage its utility in a variety of fields such as medicine, energy, travel, education, banking, and business management. Although a growing body of literature is shedding light on artificial intelligence-enabled difficulties, there is still much to be gained by applying fresh theory-driven techniques to this vital topic. Revolutionizing Business Practices Through Artificial Intelligence and Data-Rich Environments provides a comprehensive understanding of the business systems, platforms, procedures, and mechanisms that underpin different stakeholders' experiences with reality-enhancing technologies and their transformative application in management. The book also identifies areas in various business processes where artificial intelligence intervention would not only transform the business but would also make the business more sustainable. Covering key topics such as blockchain, business automation, and manufacturing, this reference work is ideal for computer scientists, business owners, managers, industry professionals, researchers, academicians, scholars, practitioners, instructors, and students.

Handbook of Research on Applied AI for International Business and Marketing Applications

Handbook of Research on Applied AI for International Business and Marketing Applications
Author: Christiansen, Bryan
Publisher: IGI Global
Total Pages: 702
Release: 2020-09-25
Genre: Business & Economics
ISBN: 1799850781

Artificial intelligence (AI) describes machines/computers that mimic cognitive functions that humans associate with other human minds, such as learning and problem solving. As businesses have evolved to include more automation of processes, it has become more vital to understand AI and its various applications. Additionally, it is important for workers in the marketing industry to understand how to coincide with and utilize these techniques to enhance and make their work more efficient. The Handbook of Research on Applied AI for International Business and Marketing Applications is a critical scholarly publication that provides comprehensive research on artificial intelligence applications within the context of international business. Highlighting a wide range of topics such as diversification, risk management, and artificial intelligence, this book is ideal for marketers, business professionals, academicians, practitioners, researchers, and students.

Artificial Intelligence in Accounting

Artificial Intelligence in Accounting
Author: Othmar M. Lehner
Publisher: Taylor & Francis
Total Pages: 246
Release: 2022-08-05
Genre: Business & Economics
ISBN: 1000627330

Artificial intelligence (AI) and Big Data based applications in accounting and auditing have become pervasive in recent years. However, research on the societal implications of the widespread and partly unregulated use of AI and Big Data in several industries remains scarce despite salient and competing utopian and dystopian narratives. This book focuses on the transformation of accounting and auditing based on AI and Big Data. It not only provides a thorough and critical overview of the status-quo and the reports surrounding these technologies, but it also presents a future outlook on the ethical and normative implications concerning opportunities, risks, and limits. The book discusses topics such as future, human-machine collaboration, cybernetic approaches to decision-making, and ethical guidelines for good corporate governance of AI-based algorithms and Big Data in accounting and auditing. It clarifies the issues surrounding the digital transformation in this arena, delineates its boundaries, and highlights the essential issues and debates within and concerning this rapidly developing field. The authors develop a range of analytic approaches to the subject, both appreciative and sceptical, and synthesise new theoretical constructs that make better sense of human-machine collaborations in accounting and auditing. This book offers academics a variety of new research and theory building on digital accounting and auditing from and for accounting and auditing scholars, economists, organisations, and management academics and political and philosophical thinkers. Also, as a landmark work in a new area of current policy interest, it will engage regulators and policy makers, reflective practitioners, and media commentators through its authoritative contributions, editorial framing and discussion, and sector studies and cases.