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Artificial Intelligence in the Accounting of International Busi-nesses: A Perception-Based Approach

Author

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  • Viorel-Costin Banța

    (Management Information Systems Department, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, 010374 Bucharest, Romania)

  • Sînziana-Maria Rîndașu

    (Management Information Systems Department, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, 010374 Bucharest, Romania)

  • Anca Tănasie

    (Department of Economics, Accounting and International Business, Faculty of Economics and Business Administration, University of Craiova, 200585 Craiova, Romania)

  • Dorian Cojocaru

    (Mechatronics and Robotics Department, Faculty of Automation, Computers and Electronics, University of Craiova, 200585 Craiova, Romania)

Abstract

Do accountants clearly understand the benefits and challenges of using AI? Do they perceive AI as a threat? The adoption of AI in the accounting field has increased significantly in the last few years. Since the techniques continue to evolve, more companies will integrate these solutions to facilitate the accounting processes. Therefore, the accountants’ skills should be adapted to efficiently use these solutions and continue to provide valuable support. This study explores the perception of accounting practitioners regarding the most important benefits and challenges of using AI-based technologies and analyses whether AI is being perceived as a threat that might impact employability. The data were collected during June–August 2021 using a questionnaire addressed to accounting practitioners from Romania. The exploratory research was conducted by statistically analysing the data collected. The results highlight that the practitioners have a clear understanding regarding the main benefits and challenges associated with the use of AI-based solutions in accounting processes, and AI is not perceived as a threat to employability; however, practitioners acknowledge that skills transformation is required and are willing to undergo the changes. By providing a glimpse of the main drivers that encourage accounting practitioners to embrace AI, employers, professional bodies and academia can address the main concerns and continue to support the practitioners in adapting their skills.

Suggested Citation

  • Viorel-Costin Banța & Sînziana-Maria Rîndașu & Anca Tănasie & Dorian Cojocaru, 2022. "Artificial Intelligence in the Accounting of International Busi-nesses: A Perception-Based Approach," Sustainability, MDPI, vol. 14(11), pages 1-12, May.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:11:p:6632-:d:826696
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    References listed on IDEAS

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    1. Kexing Ding & Baruch Lev & Xuan Peng & Ting Sun & Miklos A. Vasarhelyi, 2020. "Machine learning improves accounting estimates: evidence from insurance payments," Review of Accounting Studies, Springer, vol. 25(3), pages 1098-1134, September.
    2. Sutton, Steve G. & Holt, Matthew & Arnold, Vicky, 2016. "“The reports of my death are greatly exaggerated”—Artificial intelligence research in accounting," International Journal of Accounting Information Systems, Elsevier, vol. 22(C), pages 60-73.
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