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Received 03.08.2023

Revised 01.12.2023

Accepted 27.12.2023

Retrieved from Vol. 27, No. 3, 2023

Pages 141 -152

  • 176 Views

Suggested citation

Cherviakova, T., & Cherviakova, V. (2023). Trends in the use of artificial intelligence in the accounting and analytical activities of the enterprise. The National Transport University Bulletin, 27(3), 141-152. https://doi.org/10.33744/2308-6645-2023-3-57-141-152

Trends in the use of artificial intelligence in the accounting and analytical activities of the enterprise

Tetiana Cherviakova Valentyna Cherviakova

Abstract

The article is devoted to the study of the possibilities of using artificial intelligence for the optimization and automation of accounting, as well as the prospects for the transformation of professions in the financial sphere. The object of study – peculiarities of the use of artificial intelligence in accounting. Purpose – disclosure of the features of the use of modern information technologies and systems in the field of accounting, research into the possibilities of using artificial intelligence in the accounting and 152 analytical activities of the enterprise, as well as the directions of accounting system and accounting profession transformations in the conditions of information technologies development. Methods of research – analysis, synthesis, generalization, systematization. The article examines the essence of accounting software with artificial intelligence and defines its main types. The functionality and cost of some accounting applications with artificial intelligence are being considered. It has been found that AI accounting software can be integrated with other types of accounting software, as well as with customer relationship management systems and project management tools. A sequence of actions for the correct selection of accounting software with artificial intelligence for a specific enterprise has been established. It has been substantiated that using the right software with artificial intelligence in accounting provides many advantages to business entities. The main difficulties that need to be addressed for the implementation of solutions based on artificial intelligence have been identified. The benefits of using accounting software with artificial intelligence are outlined for various users in the enterprise. It is concluded that accountants will be forced to adapt to changes in the professional environment, using their human advantages compared to artificial intelligence

Keywords:

accounting; software; artificial intelligence; machine learning; automation; transformation

References

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  2. ICAEW. Artificial Intelligence and the Future of Accountancy. London: Institute of Chartered Accountants in England and Wales, 2018. Available at: https://www.icaew.com/-/media/corporate/files/technical/technology/thought-leadership/artificial-intelligence-report.ashx
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  7. Demyttenaere M., Roos A., Sheth H., Rodt M., Harris M., Khodabandeh S., Fehling R., Martines D., Grabowski J. Generative AI in the Finance Function of the Future. Boston Consulting Group, 2023. Available at: https://www.bcg.com/publications/2023/generative-ai-in-finance-and-accounting
  8. Briggs J., Kodnani D. The Potentially Large Effects of Artificial Intelligence on Economic Growth. Goldman Sachs, 2023. Available at: https://www.gspublishing.com/content/research/en/reports/2023/03/27/d64e052b-0f6e-45d7-967b-d7be35fabd16.html
  9. Chartered Professional Accountants of Canada (CPA Canada). Big Data and Artificial Intelligence – The Future of Accounting and Finance. 2019. Available at: https://www.cpacanada.ca/en/business-and-accounting-resources/other-general-business-topics/information-management-and-technology/publications/ai-impact-on-accounting-and-finance
  10. Deloitte. The New Physics of Financial Services: How Artificial Intelligence Is Transforming the Financial Ecosystem. Deloitte Insights, 2018. Available at: https://www2.deloitte.com/us/en/pages/financial-services/articles/artificial-intelligence-transforming-financial-ecosystem-deloitte-fsi.html
  11. Association of Chartered Certified Accountants (ACCA). AI (Artificial Intelligence) in the Finance Profession. ACCA Report, 2023. Available at: https://www.accaglobal.com/content/dam/ACCA_Global/professional-insights/PI-AI-ACCA-POSITION%20v2.pdf
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https://doi.org/10.33744/2308-6645-2023-3-57-141-152

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