"ARTIFICIAL INTELLIGENCE APPLICATIONS IN ACCOUNTING: OPPORTUNITIES, CHALLENGES, AND FUTURE DIRECTIONS"

Abstract

Artificial Intelligence (AI) is the terminology of technology that means make machine smart. It is a system that is designed by a human to work intelligently. It is mainly developed to increase the capability of learning and problem-solving. AI plays a vital role in the accounting system to efficiently manage accounting works in the organization. In an accounting process data analyzing and interpreting is one of the complex tasks to the big organization and the use of AI technology gives high positive results like increasing productivity, improving accuracy, reducing cost and time. This article will be focusing on the relationship between Artificial Intelligence and the accounting system. The main objective of this article is to develop concepts and understanding of artificial intelligence.