Role of Artificial Intelligence (AI) in Accounting and Finance
Mrs. Krishna Rhuturaj Mane
Asst. Prof. Loknete Prof. SharadPatilMahavidyalaya, Miraj
Email- krishnajainmane@gmail.com
Abstract:Artificial intelligence has great impact in every field of economy. The increasing role of artificial intelligence in the field of accounting and finance has raised the question about the future of the profession. In future business world vast data processing and its interpretation are required. Implementation of AI is obligatory and Accountants and professionals need to develop their skills. In this study discussion have been made on requirement of AI in accounting and finance profession through analyzing its merits and demerits. In conclusion the study suggests that AI will not replace accountant but their profession will be changed in nature. They need to develop some Technological skills. It focuses that there is significant impact on accounting profession and adapting the change arises due to implementation of AI, this profession may glorify the competitive job market.
Key Words: Artificial Intelligence, Accounting, finance, Auditing, Technology
DOI link – https://doi.org/10.69758/GIMRJ/2509I9VXIIIP0054
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