Artificial Intelligence (AI): A Transforming Technique in Business Accounting
Dr. A. G. Suryavanshi
Associate Professor in Accountancy,
Department of Commerce, The New College, Kolhapur
Abstract:
As whole world is business and accounting is the language of business. It is most notable transformations observed in case of automating routine tasks, such as data entry and transaction processing. This automation has made easy and save multi-hours for accountants, enabling them to focus on more strategic activities. Today, Artificial Intelligence (AI) is becoming an integral part of economy, which is generally used in all business sectors for the development of productivity. Nowadays, it is mostly used for business accounting to analyse the financial position of business. The main role played by AI in
fraud detection, customer segmentation, and chat automation. This research paper is purely theoretical and based on secondary data focusing on applications, benefits of AI on various factors of business accounting. The efficiency of business is enlarging due to its enormous benefits in business.
Key words: Artificial Intelligence, business, accounting, efficiency, benefits
DOI link – https://doi.org/10.69758/GIMRJ/2509I9VXIIIP0065
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