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AI and Accounting Software Automation | Assignment

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Added on  2020-03-16

AI and Accounting Software Automation | Assignment

   Added on 2020-03-16

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Running head: AI AND ACCOUNTING SOFTWARE AUTOMATION 1AI and Accounting Software AutomationNameInstitution
AI and Accounting Software Automation | Assignment_1
AI AND ACCOUNTING SOFTWARE AUTOMATION 2AI and Accounting Software AutomationArtificial Intelligence may well culminate to job security in certain professionals,however, for an accountant, one should never worry much. Even though technology is able toautomate portion of accountant’s role, technology is never going to substitute an accountant anytime soon. Indeed, via saving time as well as removing more tasks, accountants shall get it eveneasier than ever to please their corresponding clients (Michalski, Carbonell & Mitchell, 2013). Accountants are safe from Artificial Intelligence. In each talk regarding how technologyshall alter everything, people sometimes lose sights of what is already changed fundamentally.Examine cloud accounting. Via receipt scanning tools as well as software that is linked to bankfeeds, one can gain access to the live ledger which instantly enhances one’s insights and one’sadvice to the clients. This is never strictly Artificial Intelligence, however, it does give a windowinto how the accounting profession has altered lately. These professionals, crucially, are neverdigging their respective heels in. Accounting professionals are vastly welcoming this alteration, even if these professionalsdo not often completely comprehend it. It has been revealed by Xero’s South African State ofAccounts report that eighty percent of the accountants have a belief that technology plays acrucial role in their respective jobs. The outcome of this survey further unraveled that fifteenpercent of accountants are never often aware of the recent technological innovation. Twenty-two percent of the Artificial Intelligence intriguing as well as eighteenpronounced their respective interest in the feasibilities offered by the machine learning. IfArtificial Intelligence was really going to take the jobs of the accountants, one would anticipatethat accountants to be more worried. Rather, several accountants are embracing/adopting the
AI and Accounting Software Automation | Assignment_2

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