Citation:

Rajkumar Reddy Parvathagari, Prof. Rajender Katla. "Artificial Intelligence and its Impact on Accounting- A Study" International Research Journal of Economics and Management Studies, Vol. 3, No. 11, pp. 245-248, 2024.

Abstract:

Technology and Inventions have always played a pivotal role in shaping the modern world. One such technology is artificial intelligence, which plays a highly transformative role in today’s scenario. It has an impact on almost every field and makes its presence felt in our day-to-day lives. Artificial intelligence is playing a very significant role in the Field of Accounting. Accounting is one such field that is always very dynamic in adapting to the latest technology and is always a transformative one. Adaptation of AI-powered tools and platforms in Accounting is yielding very good results. Using AI, very accurate results can be generated, and it is cost-efficient for business concerns and tailor-made for various business requirements. The present research article focuses on the concept of AI and its application in accounting alongside an attempt to examine various AI-powered accounting tools. The article also focuses on the impact of AI on accounting professionals and makes suggestions.

References:

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Keywords:

Technology, Inventions, Artificial Intelligence, Accounting, AI-powered tools.