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Automation of Accounting Processes: Impact of Artificial Intelligence

Author

Listed:
  • Dr. Chukwuani, Victoria Nnenna

    (Department of Accountancy, Enugu State University of Technology)

  • Dr. Egiyi, Modesta Amaka

    (Nigeian Army University, Biu Borno State, NigeriaDepartment of Accountancy, Godfrey Okoye University, Nigeria)

Abstract

Artificial intelligence (AI) is rapidly bringing change to the way financial institutions are operated and this change is expected to take over the core aspects of the accounting industry. The accounting profession has changed its focus from paper and pencil era to software and computer era. The aim of this study is to examine the impact of artificial intelligence on the accounting industry and the level of advancement of the accounting industry in automating the accounting process. Also, to understand the concept known as Artificial Intelligence, Robotic process automation, and how the 21st-century accountant can adapt to automation in the accounting industry.

Suggested Citation

  • Dr. Chukwuani, Victoria Nnenna & Dr. Egiyi, Modesta Amaka, 2020. "Automation of Accounting Processes: Impact of Artificial Intelligence," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 4(8), pages 444-449, August.
    • Handle: RePEc:bcp:journl:v:4:y:2020:i:8:p:444-449
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