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Case Study on Importance of Artificial Intelligence

   

Added on  2020-06-06

11 Pages2163 Words74 Views
CASE STUDY

Table of ContentsINTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................1a) Purpose....................................................................................................................................1b) Audience involved in the process...........................................................................................1c) Factors involved in decision making .....................................................................................2d) Decision making information.................................................................................................2e) Sources of information ...........................................................................................................2f) Keywords.................................................................................................................................32. SOURCES ...................................................................................................................................33. EVALUATING INFORMATION SOURCES...........................................................................34. MAIN AND SUB HEADINGS OF REPORT............................................................................7

INTRODUCTIONThe case study is about identifying the importance of Artificial intelligence which assistthe Accountants in reducing manual work. It is the concept which has changed the accountingpatterns of Australian companies from past many years. The report will outline the purpose ofconducting research and formulating report on changing accounting patterns and will identify themajor decisions made by the members involved in the changing process of Australianorganisation. Thus, it will analyse 3 sources of which assist in determining the and importance ofconcept of Artificial intelligence. PART 1a) PurposeThe purpose of the report is to identify the changing process of accounting in Australiancompanies. It will analyse the threats and opportunities which have faced with the changingaccounting patterns. Further, it will outline the concept of artificial intelligence which assistedthe Australian Accountant in changing their working patterns from past many years. It is themethod which assist in formulating accounting decisions accounting to the thinking of humanbrains. In addition, it reduces the manual work of accountant and leads to accurate results andaids in making expert decisions. According to scenario it has been identified that the process ofArtificial intelligence is innovative and motivating of the stake holders ans it is the processwhich helps in formulating expert decision according to the minds of Human.b) Audience involved in the processThe concept demands the involvement of major members of the company like, boardsmembers, accountants, shareholders, and lawyers because it is the simulating of humanintelligence, machine and software. Board members of the company are the key decision makerwho guides the entire management to make changes in process of organisation. Apparently, theaccountant are the individuals who are responsible for the accounting system of the businesswhich plays a vital role in managing operation and determining profits and loss. Therefore, it isimportant for the accountant to get involved in the changing accounting process of the firm.Artificial intelligence is concept which is most accepted by Australian accountant as it helpsthem in reducing manual work and leads to accurate results and solution according to theirthinking. Apart from this, shareholders are the key drivers of the companies and theirinvolvement in changing patterns in accounting of the entity. Further, in accordance to

shareholders Artificial intelligence is the process which supports the intelligent behaviours as itprocess according to human mind. Lastly, the involvement of lawyers plays crucial role as itindividuals assist the organisation in determined the effective regulation to support the changingaccounting patterns.2

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