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Chapter

Applications of AI in Accounting

Chapter

Applications of AI in Accounting

DOI link for Applications of AI in Accounting

Applications of AI in Accounting book

Applications of AI in Accounting

DOI link for Applications of AI in Accounting

Applications of AI in Accounting book

ByCory Ng, John Alarcon
BookArtificial Intelligence in Accounting

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Edition 1st Edition
First Published 2020
Imprint Routledge
Pages 16
eBook ISBN 9781003003342

ABSTRACT

The second chapter provides readers with concrete examples of AI applications in various areas of accounting, including financial and managerial accounting, audit, tax, and advisory. It explores how process automation tools supplemented with AI and machine learning enhances productivity and accuracy with tasks such as bank reconciliations, inventory management, and accounts payable processing. This chapter also discusses how management accountants optimize AI to analyze data and generate insights to improve decision making. Examples of auditors and tax professionals using AI-enabled technology for tasks such as classification of transactions are also provided.

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