Artificial Intelligence and Accounting

With the speed at which technology is developing, a thorough manual that helps readers understand the complex world of artificial intelligence in accounting is desperately needed. By offering a sophisticated grasp of how AI is changing the core ideas of accounting and financial management, this book bridges this knowledge gap.

In the dynamic field of accounting, where accuracy and productivity are critical, artificial intelligence (AI) integration has become a game-changer and AI is set to affect every industry. With the speed at which technology is developing, a thorough manual that helps readers understand the complex world of AI in accounting is desperately needed. By offering a sophisticated grasp of how AI is changing the core ideas of accounting and financial management, this book bridges this knowledge gap. It explores the relationship between AI technology and accounting processes, revealing the significant influence and unrealised potential outside of traditional bookkeeping.

This book delves into how AI is revolutionising accounting procedures. It explores the newest AI technologies and their uses in financial data processing, auditing, compliance, and forecasting, ranging from machine learning to predictive analytics. It ensures responsible AI integration by addressing biases, accountability, and transparency while emphasising ethical considerations. This book provides case studies, practical advice, and examples from the real world, guaranteeing that readers not only understand the theoretical foundations of AI in accounting but also get the knowledge necessary to apply and maximise these technologies within their professional domains by connecting theory and application. It offers a road map for traversing the accounting industry's AI frontier, from using predictive analytics to make well-informed decisions to automating repetitive activities.

This book will enable accountants, auditors, and financial analysts to prosper in the emerging AI-driven world.

Autorentext

Manjit Kour is a Professor at the University School of Business, Chandigarh University, Punjab, India.

Daniel P. Schutte is a Professor at the School of Accounting Sciences, North-West University, Potchefstroom, South Africa.

Inhalt

1. Foundations of AI for Accountants 2. Artificial Intelligence: An Accounting Perspective 3. Harnessing Artificial Intelligence in Financial Technology: The Role of AI in Start-up Growth and Fintech Innovations 4. Harnessing AI for Predictive Analytics and Forecasting in Modern Finance 5. Artificial Intelligence in Auditing and Compliance Processes 6. Navigating Ethics in AI-Enhanced Accounting: Challenges and Safeguards 7. Integration Strategies for AI in Accounting Firms 8. Challenges and Future Trends in AI Accounting 9. AI Proficiency and Accounting Exam Papers 10. Global AI Frameworks: Implications for Governance in the Accounting Sector 11. AI Technologies in Financial Data Processing 12. AI in Auditing and Compliance Processes 13. Pioneering success in Fintech: A collection of case studies 14. Financial Performance Analysis of Tata Steel: A Python-Driven Approach