Cultivation of Accounting Professionals in Private Engineering Colleges in the Era of Artificial Intelligence – Take GDLGXY as an Example

Accounting as a progressive domain of knowledge is now ready to adapt new changes and understand how to effectively respond. Artificial intelligence (AI) has brought new challenges and solutions of old problems. It is intense technology not for replacing people but for improving importance of purely human skills like enthusiasm, creativity or empathy: all essential aspects of profession. AI is used for enhancing the human experience for decision making. This means deleting the monotonous work out from employee’s schedule and converting their skills towards managerial decision making. It deals with Large volumes of information that previously used to be succeeded by workforces are now controlled by AI while they can contentedly examine it. Composite altering patterns can be accustomed very easily in the data. These arrangements are extremely dependable than the previously tracked techniques. This research paper analyses measures the use of AI in accounting, auditing and recruiting with measuring its benefits and challenges. For this purpose a sample of 104 accounting professionals were taken and analysed by using regression method with SPSS software and revealed the hidden potentials of AI in the area of accounting profession.

Download Full-text

Impact of Artificial Intelligence on Accounting

Sumerianz Journal of Economics and Finance ◽

10.47752/sjef.41.17.24 ◽

2021 ◽

pp. 17-24

Author(s):

Dr. Pradip Kumar Das

Keyword(s):

Artificial Intelligence ◽

Research Study ◽

Cost Savings ◽

Secondary Data ◽

Accounting Profession ◽

Accounting Professionals ◽

Paper And Pencil ◽

The Impact

Artificial intelligence bears many pragmatism for accountants to improve their effectuality, provide more sapience and bear more value to business. The system elevates utilitarianism for much more iconoclastic reformation as it perceptibly takes over core functions currently done by humans because of cost savings and operational efficiencies. Of late, artificial intelligence has made dramatical development especially in accounting profession which have changed its focus from paper and pencil entry to computer. But the most alarming of artificial intelligence is that people conclude too early that they understand it. This comprehensive research study endeavors to examine the impact of artificial intelligence on the performance of accounting operations with the aid of secondary data. The paper accentuates that the application of artificial intelligence cockily impresses the performance of accounting functions quality. The researcher recommends that in the essence of artificial intelligence, accountants should thrivingly develop its own demeanor of dexterity and become omnibus expertise thereby eliminating certain accounting cost. This will be true if the accounting professionals, auditing professionals and the AI experts do not collaborate and work together to secure the continuance of profession.

Download Full-text