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The Contribution Of Artificial Intelligence To Future Accounting

Author

Listed:
  • Drd Andreea-Cristina Savu

    (Universitatea Valahia din Târgovi?te, România)

  • Cristina Gabriela Vasciuc Sandulescu

    (Universitatea Valahia din Târgovi?te, România)

Abstract

The repetitive and automated nature of many tasks in accounting requires a change and adaptation of the tools that artificial intelligence gives us, for example, machine learning models of data can significantly reduce fraud, improve trust, increase accuracy and efficiency. There is no doubt that artificial intelligence and automation will revolutionize the way we work. But how will this affect one of the world's oldest professions? Accounting is a profession that requires years of training and practice. It is easy to believe that the field of accounting is immune to major transformations, yet we are at a fundamental turning point. The repetitive and automated nature of many accounting tasks suggests it's time for change. The objective of the article is to determine whether machine learning models applied to data can reduce fraud, improve trust and increase compliance. The juxtaposition of artificial intelligence technology and the field of accounting places the profession at the center of an exciting new era. This creates the potential to do more with the limited resources we have, administrative tasks are automated, accountants can use their time and energy for creativity, analysis and interpretation of accounting data that will bring real value to the economic entity.

Suggested Citation

  • Drd Andreea-Cristina Savu & Cristina Gabriela Vasciuc Sandulescu, 2023. "The Contribution Of Artificial Intelligence To Future Accounting," Management Strategies Journal, Constantin Brancoveanu University, vol. 60(2), pages 204-210.
    • Handle: RePEc:brc:journl:v:60:y:2023:i:2:p:204-210
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    References listed on IDEAS

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    1. Jagdish N. Bhagwati, 2004. "In Defense of Globalization: It Has a Human Face," Rivista di Politica Economica, SIPI Spa, vol. 94(6), pages 9-20, November-.
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    More about this item

    Keywords

    inteligen?a artificiala; contabilitatea; schimbare; automatizare;
    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
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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