Running Head: Impact of Artificial Intelligence on AccountantsARTIFICIAL INTELLIGENCE
Impact of Artificial Intelligence on Accountants 1Executive summaryIn this report, the concept of artificial intelligence has been discussed. Artificial intelligence isability of machines such as computer systems to perform tasks and functions that requires human intelligence. The implementation of artificial intelligence systems in the business enhances its operational efficiency and productivity. The use of AI tools helps the managers in the areas of problem solving and decision making. It improves the quality of decision making. In the areas of accounting also, AI has a greater significance as it helps in reducing the tedious data entry work performed on repetitive basis by the traditional accountants and thereby it reduces their work load. There are various opportunities in the way of implementation of AI system to the business which re discussed in this report in details. The accounting function has been profoundly impacted by the evolution of AI concepts and it hasalso imposed certain threats to the accounting profession.
Impact of Artificial Intelligence on Accountants 2Table of ContentsExecutive summary................................................................................................................2Introduction............................................................................................................................4Impact of artificial intelligence on accounting profession........................................................4Opportunities from Artificial intelligence..................................................................................4Threats from Artificial intelligence...........................................................................................4Conclusion.............................................................................................................................4Recommendations.................................................................................................................4References.............................................................................................................................5
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