IDEAS home Printed from https://ideas.repec.org/a/ahd/journl/v5y2024i8p56-71.html
   My bibliography  Save this article

AI in Accounting: Insights from a Bibliometric Analysis

Author

Listed:
  • Ani STOYKOVA

    (South-West University "Neofit Rilski", Blagoevgrad, Bulgaria)

Abstract

Artificial intelligence has ushered in a new era of technological innovation, fundamentally transforming various sectors, including accounting. As businesses increasingly operate in a data-driven environment, the demand for real-time financial analysis and predictive insights has surged. This study aims to perform a bibliometric literature analysis focusing on significant literature, countries, authors, keywords, thematic evolution, citations, and documents, which researchers can reference in future studies related to the implementation of AI in accounting. VOSviewer software tool is used to create various maps based on the bibliographic data. The dataset was extracted from the Scopus database. Citation analysis, bibliographic coupling analysis, co-citation analysis, and co-occurrence analysis of author keywords are conducted. The analysis shows a sharp increase in research on AI and accounting from 2019, with 72 publications in 2023 and 66 publications by mid-2024, indicating rising interest and progress in this field. The bibliometric analysis reveals the dominant role of the United States in AI and accounting research. The co-occurrence analysis of author keywords shows important themes and their connections in AI and accounting, with artificial intelligence being the central theme, closely linked with other key concepts like accounting, machine learning, and big data. The findings underscore the practical implications of AI integration in accounting, emphasizing its potential to enhance efficiency, accuracy, and strategic decision-making in financial practices.

Suggested Citation

  • Ani STOYKOVA, 2024. "AI in Accounting: Insights from a Bibliometric Analysis," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 5(8), pages 56-71, August.
    • Handle: RePEc:ahd:journl:v:5:y:2024:i:8:p:56-71
    DOI: 10.37945/cbr.2024.08.07
    as

    Download full text from publisher

    File URL: https://www.ceccarbusinessreview.ro/ai-in-accounting-insights-from-a-bibliometric-analysis-a415d/download-PDF/
    Download Restriction: no
    File URL: https://www.ceccarbusinessreview.ro/ai-in-accounting-insights-from-a-bibliometric-analysis-a415a/abstract/
    Download Restriction: no
    File URL: https://libkey.io/10.37945/cbr.2024.08.07?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Moll, Jodie & Yigitbasioglu, Ogan, 2019. "The role of internet-related technologies in shaping the work of accountants: New directions for accounting research," The British Accounting Review, Elsevier, vol. 51(6).
    2. Mahroof, Kamran, 2019. "A human-centric perspective exploring the readiness towards smart warehousing: The case of a large retail distribution warehouse," International Journal of Information Management, Elsevier, vol. 45(C), pages 176-190.
    3. Han, Hongdan & Shiwakoti, Radha K. & Jarvis, Robin & Mordi, Chima & Botchie, David, 2023. "Accounting and auditing with blockchain technology and artificial Intelligence: A literature review," International Journal of Accounting Information Systems, Elsevier, vol. 48(C).
    4. Michael Kend & Lan Anh Nguyen, 2020. "Big Data Analytics and Other Emerging Technologies: The Impact on the Australian Audit and Assurance Profession," Australian Accounting Review, CPA Australia, vol. 30(4), pages 269-282, December.
    5. Susanne Leitner-Hanetseder & Othmar M. Lehner & Christoph Eisl & Carina Forstenlechner, 2021. "A profession in transition: actors, tasks and roles in AI-based accounting," Journal of Applied Accounting Research, Emerald Group Publishing Limited, vol. 22(3), pages 539-556, February.
    6. Eleonora P. Stancheva-Todorova, 2018. "How Artificial Intelligence Is Challenging Accounting Profession," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 12(1), pages 126-141.
    7. Ivy Munoko & Helen L. Brown-Liburd & Miklos Vasarhelyi, 2020. "The Ethical Implications of Using Artificial Intelligence in Auditing," Journal of Business Ethics, Springer, vol. 167(2), pages 209-234, November.
    8. Ovidiu-Constantin BUNGET & Cristian LUNGU, 2023. "A Bibliometric Analysis of the Implications of Artificial Intelligence on the Accounting Profession," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 4(5), pages 65-72, May.
    9. Ovidiu-Constantin BUNGET & Cristian LUNGU, 2023. "A Bibliometric Analysis of the Implications of Artificial Intelligence on the Accounting Profession," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 4(4), pages 9-16, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Akter, Mohsina & Kummer, Tyge-F. & Yigitbasioglu, Ogan, 2024. "Looking beyond the hype: The challenges of blockchain adoption in accounting," International Journal of Accounting Information Systems, Elsevier, vol. 53(C).
    2. Adrian GROȘANU & Melinda-Timea FÜLÖP & Nicolae MĂGDAȘ, 2024. "Ethical Dilemmas in Digital Accounting: A Comprehensive Literature Review," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 5(4), pages 56-67, April.
    3. Han, Hongdan & Shiwakoti, Radha K. & Jarvis, Robin & Mordi, Chima & Botchie, David, 2023. "Accounting and auditing with blockchain technology and artificial Intelligence: A literature review," International Journal of Accounting Information Systems, Elsevier, vol. 48(C).
    4. Vitali, Sonia & Giuliani, Marco, 2024. "Emerging digital technologies and auditing firms: Opportunities and challenges," International Journal of Accounting Information Systems, Elsevier, vol. 53(C).
    5. Jochen Fähndrich, 2023. "A literature review on the impact of digitalisation on management control," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 34(1), pages 9-65, March.
    6. Ravi Seethamraju & Angela Hecimovic, 2023. "Adoption of artificial intelligence in auditing: An exploratory study," Australian Journal of Management, Australian School of Business, vol. 48(4), pages 780-800, November.
    7. Shengxing Yang, 2022. "A systematic literature review on the disruptions of artificial intelligence within the business world: in terms of the evolution of competences [Une revue systématique de la littérature sur les bo," Post-Print hal-03694170, HAL.
    8. Alfred Benedikt Brendel & Milad Mirbabaie & Tim-Benjamin Lembcke & Lennart Hofeditz, 2021. "Ethical Management of Artificial Intelligence," Sustainability, MDPI, vol. 13(4), pages 1-18, February.
    9. Nourallah, Mustafa, 2023. "One size does not fit all: Young retail investors’ initial trust in financial robo-advisors," Journal of Business Research, Elsevier, vol. 156(C).
    10. Maria Figueroa-Armijos & Brent B. Clark & Serge P. da Motta Veiga, 2023. "Ethical Perceptions of AI in Hiring and Organizational Trust: The Role of Performance Expectancy and Social Influence," Journal of Business Ethics, Springer, vol. 186(1), pages 179-197, August.
    11. repec:fst:rfsisf:v:8:y:2023:i:15:p:62-85 is not listed on IDEAS
    12. Muhammad Khairuldin Al Hafiz Ismail & Wan Ahmad Aqief Muhaideen Ahmad Rajiun & Saidatul Shahnaz Binti Mustapa Kamal & Nurin Irdina Azmidal & Nurfatihah Izzati Sharul Nizam & Nur Danisha Iman Mohammad , 2024. "AI-Powered Internal Auditing: Transforming the Profession for a New Era," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(10), pages 2406-2413, October.
    13. Pantazi Marius, 2021. "In order to thrive, first we need to fix accounting and management Then, we must report what matters," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 15(1), pages 723-736, December.
    14. Florian Pethig & Julia Kroenung, 2023. "Biased Humans, (Un)Biased Algorithms?," Journal of Business Ethics, Springer, vol. 183(3), pages 637-652, March.
    15. Govindan, Kannan & Kannan, Devika & Jørgensen, Thomas Ballegård & Nielsen, Tim Straarup, 2022. "Supply Chain 4.0 performance measurement: A systematic literature review, framework development, and empirical evidence," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 164(C).
    16. Begkos, Christos & Antonopoulou, Katerina & Ronzani, Matteo, 2024. "To datafication and beyond: Digital transformation and accounting technologies in the healthcare sector," The British Accounting Review, Elsevier, vol. 56(4).
    17. Jacqueline Birt & Maryam Safari & Vincent Bicudo de Castro, 2023. "Critical analysis of integration of ICT and data analytics into the accounting curriculum: A multidimensional perspective," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(4), pages 4037-4063, December.
    18. Chen, Pengyu & Chu, Zhongzhu & Zhao, Miao, 2024. "The Road to corporate sustainability: The importance of artificial intelligence," Technology in Society, Elsevier, vol. 76(C).
    19. Andrea Cardoni & Evgeniia Kiseleva & Francesco De Luca, 2020. "Continuous auditing and data mining for strategic risk control and anticorruption: Creating “fair” value in the digital age," Business Strategy and the Environment, Wiley Blackwell, vol. 29(8), pages 3072-3085, December.
    20. Deli Wang & Ke Peng & Kaiye Tang & Yewei Wu, 2022. "Does Fintech Development Enhance Corporate ESG Performance? Evidence from an Emerging Market," Sustainability, MDPI, vol. 14(24), pages 1-21, December.
    21. Adriana Tiron-Tudor & Delia Deliu, 2021. "Big Data’s Disruptive Effect on Job Profiles: Management Accountants’ Case Study," JRFM, MDPI, vol. 14(8), pages 1-26, August.

    More about this item

    Keywords

    accounting; artificial intelligence; bibliometric analysis; literature review;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ahd:journl:v:5:y:2024:i:8:p:56-71. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Radu CIOBANU (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.