Effects of Artificial Intelligence (AI) - Report

Added on - 28 May 2020

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Running head: ACCOUNTING THEORY AND CONTEMPORARY ISSUESTo The CEO,[Name of the Organisation]Enclosed is the report commissioning of the implementation of Artificial Intelligence inthe Accounting sector. The main findings of the report are:Accounting problemsPractical challenges faced in the implementation of AI and threatsResults of Implementing AI in Accounting fieldArtificial intelligence in Accounting SectorFinally, I would like to thank you for providing me the opportunity to present this report whichgave me an opportunity to familiarise myself with the range of implementations that can bedone in the accounting sectors.Yours sincerely[Name]
Accounting Theory and Contemporary Issues[Name of the Student][Name of the University][Author note]
Executive SummeryThis report mainly discusses about the Artificial Intelligence or AI. Along with this the reportalso discusses about the various effects of the artificial intelligence in the accounting sector.The first portion of the report mainly discusses about the basic concept of artificialintelligence. And how it is effecting the different sectors. Then the report discusses about thevarious problems in the accounting sector which is followed by the effects of the artificialintelligence in the accounting sector. The report also provides a brief description about thevarious challenges that are being faced during the implementation of the artificial intelligencein the accounting sector. This followed by a brief description about the effect ofimplementation of artificial intelligence in the accounting sector. This is followed by therecommendations regarding the use of artificial intelligence.
Table of ContentsIntroduction:...........................................................................................................................1Discussion:.............................................................................................................................1Accounting problems:.............................................................................................................1Practical challenges faced in the implementation of AI and threats:.......................................2Existential Treats of AI in Accounting Industry:...................................................................3In-adequate skills:...............................................................................................................3Results of Implementing AI in Accounting field:......................................................................3Opportunities of Artificial intelligence in Accounting Sector:...................................................4Conclusion:............................................................................................................................6Recommendations:................................................................................................................7References:............................................................................................................................9Bibliography:........................................................................................................................10
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