ARTIFICIAL INTELLIGENCE [AI] IN ACCOUNTING: ITS ROLE IN NEW ERA
Dr. Mohan Devappa Chinee,
[Ph.D. M.Phil,SET]
Head in Accountancy Department, ADARSH COLLEGE, Vita, Dist: – Sangli (Maharashtra)
Number : 8668292087
Email : darshanchinee@gmail.com
1] INTRODUCTION: –
Accounting plays an integral role in businesses of all sizes, helping to stakeholders evaluate performance and make informed decisions. It possible to perform accounting activities manually. This process can be time-consuming and error-prone. Artificial intelligence (AI) is one of the most important technology for the future, alongside with Internet of Things, cloud computing, block-chain. It is considered the ability of a machine to imitate human actions like communication, decision taken.
Therefore, the main theme of artificial intelligence in accounting is to reduce repetitive work and handling big data. The use of Cloud based Technology, Machine Learning (ML), Block Chain enable user to have immediate access and frequent updatability, automate tedious tasks, saving accountants’ hours, access fine records. This study discusses the evolution of AI Technology, importance along with its effectson Accounting.
DOI link – https://doi.org/10.69758/GIMRJ/2509I9VXIIIP0011
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