Development of Accounting Through Automation and Artificial Intelligence
This paper explores the impact of automation and artificial intelligence (AI) on the field of accounting. As AI and automation technologies advance rapidly, they are transforming traditional accounting practices, shifting the role of accountants from routine, repetitive tasks to more strategic, valu...
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| Format: | Article |
| Language: | English |
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The Body of Expert and Licensed Accountants of Romania
2025-01-01
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| Series: | CECCAR Business Review |
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https://www.ceccarbusinessreview.ro/development-of-accounting-through-automation-and-artificial-intelligence-a437d/download-PDF/
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| _version_ | 1832544090166657024 |
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| author | Claudiu BRÂNDAȘ Ioan MINDA |
| author_facet | Claudiu BRÂNDAȘ Ioan MINDA |
| author_sort | Claudiu BRÂNDAȘ |
| collection | DOAJ |
| description | This paper explores the impact of automation and artificial intelligence (AI) on the field of accounting. As AI and automation technologies advance rapidly, they are transforming traditional accounting practices, shifting the role of accountants from routine, repetitive tasks to more strategic, value-added services. The integration of AI in accounting enhances processes like financial reporting, fraud detection, and cost analysis by automating labor-intensive tasks and providing real-time, data-driven insights. The paper discusses the transition from historical financial accounting to a more consultative role for accountants, supported by AI-driven analytics and predictions. It also highlights the need for accountants to adapt by developing new skills, particularly in data analysis, AI, and technology. Furthermore, the study underscores the critical need for responsible AI usage, emphasizing the importance of transparency, data security, and compliance with regulatory standards. The paper concludes by examining the implications of AI for accounting education, requesting curriculum updates to equip future professionals with the necessary skills to thrive in the evolving landscape of the accounting profession. |
| format | Article |
| id | doaj-art-df228785c02b4bb0b48ef84aeb015f2c |
| institution | Kabale University |
| issn | 2668-8921 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | The Body of Expert and Licensed Accountants of Romania |
| record_format | Article |
| series | CECCAR Business Review |
| spelling | doaj-art-df228785c02b4bb0b48ef84aeb015f2c2025-02-03T11:02:00ZengThe Body of Expert and Licensed Accountants of RomaniaCECCAR Business Review2668-89212025-01-015122810.37945/cbr.2024.12.0126688921Development of Accounting Through Automation and Artificial IntelligenceClaudiu BRÂNDAȘ0Ioan MINDA1West University of TimișoaraTimișThis paper explores the impact of automation and artificial intelligence (AI) on the field of accounting. As AI and automation technologies advance rapidly, they are transforming traditional accounting practices, shifting the role of accountants from routine, repetitive tasks to more strategic, value-added services. The integration of AI in accounting enhances processes like financial reporting, fraud detection, and cost analysis by automating labor-intensive tasks and providing real-time, data-driven insights. The paper discusses the transition from historical financial accounting to a more consultative role for accountants, supported by AI-driven analytics and predictions. It also highlights the need for accountants to adapt by developing new skills, particularly in data analysis, AI, and technology. Furthermore, the study underscores the critical need for responsible AI usage, emphasizing the importance of transparency, data security, and compliance with regulatory standards. The paper concludes by examining the implications of AI for accounting education, requesting curriculum updates to equip future professionals with the necessary skills to thrive in the evolving landscape of the accounting profession. https://www.ceccarbusinessreview.ro/development-of-accounting-through-automation-and-artificial-intelligence-a437d/download-PDF/ accountingartificial intelligenceautomationeducation |
| spellingShingle | Claudiu BRÂNDAȘ Ioan MINDA Development of Accounting Through Automation and Artificial Intelligence CECCAR Business Review accounting artificial intelligence automation education |
| title | Development of Accounting Through Automation and Artificial Intelligence |
| title_full | Development of Accounting Through Automation and Artificial Intelligence |
| title_fullStr | Development of Accounting Through Automation and Artificial Intelligence |
| title_full_unstemmed | Development of Accounting Through Automation and Artificial Intelligence |
| title_short | Development of Accounting Through Automation and Artificial Intelligence |
| title_sort | development of accounting through automation and artificial intelligence |
| topic | accounting artificial intelligence automation education |
| url |
https://www.ceccarbusinessreview.ro/development-of-accounting-through-automation-and-artificial-intelligence-a437d/download-PDF/
|
| work_keys_str_mv | AT claudiubrandas developmentofaccountingthroughautomationandartificialintelligence AT ioanminda developmentofaccountingthroughautomationandartificialintelligence |