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INTERNATIONAL JOURNAL OF CREATIVE RESEARCH THOUGHTS - IJCRT (IJCRT.ORG)
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ISSN Approved Journal No: 2320-2882 | Impact factor: 7.97 | ESTD Year: 2013
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Published Paper Details:
Paper Title
A study on analyzing the impact of Artificial Intelligence in the Accounting Industry
Authors
SUHAS S, M VIDYASHREE
Keywords
Artificial Intelligence, Accounting Industry, AI Adoption, Efficiency Improvement, Accuracy Enhancement, Workload Reduction, Challenges, Advantages, Resistance, Data Management.
Abstract
In-depth analysis of AI's adoption rates, benefits, drawbacks, and ability to reduce accountant
workloads are provided in this research on the technology's effects on the accounting sector.
The study clarifies the state of AI integration in accounting processes now by conducting a
thorough literature analysis and gathering primary data from accounting practitioners. According
to the findings, adoption rates are moderate and are hampered by expenses, knowledge gaps,
and worries about job displacement. Artificial Intelligence (AI) has the potential to improve
accuracy and efficiency in financial reporting and analysis, yet traditional corporations continue
to resist. To maximize processes and efficiency, the report recommends investing in data
management, setting up an innovative culture, and encouraging cooperation between AI
systems and human accountants.
IJCRT's Publication Details
Unique Identification Number - IJCRT2405450
Paper ID - 259933
Page Number(s) - e216-e225
Pubished in - Volume 12 | Issue 5 | May 2024
DOI (Digital Object Identifier) -
Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882
E-ISSN Number - 2320-2882
Cite this article
SUHAS S, M VIDYASHREE, "A study on analyzing the impact of Artificial Intelligence in the Accounting Industry", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.12, Issue 5, pp.e216-e225, May 2024, Available at :http://www.ijcrt.org/papers/IJCRT2405450.pdf
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
ISSN and 7.97 Impact Factor Details
ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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