Skip to main content

The Impact of Artificial Intelligence on the Accounting Industry

  • Conference paper
  • First Online:
Cyber Security Intelligence and Analytics (CSIA 2019)

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 928))

Abstract

With the development of artificial intelligence technology, artificial intelligence has entered the accounting field more and more deeply, which plays an important role in improving business efficiency, reducing work errors, preventing and controlling enterprise risks, improving enterprise competitiveness, and improving human resource efficiency. Artificial intelligence technology is like a double-edged sword. While promoting the development of accounting work, it will also cause accountants to face the crisis of unemployment in the workplace. Based on the concept of artificial intelligence technology and its application in the accounting industry, this paper discusses the impact of artificial intelligence on the accounting industry, and puts forward the challenges of the artificial intelligence technology accounting industry. It should take the lead in completing the skills upgrade; realize the transformation of the comprehensive management accounting role. Develop strategies such as designers and supervisors of artificial intelligence accounting systems.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Similar content being viewed by others

References

  1. Alhanshi M, Albraiki H (2015) Knowledge sharing and employee development in oil and gas companies in the United Arab Emirates. In: International conference on knowledge management in organizations. Springer, pp 190–208

    Google Scholar 

  2. Marwala T (2015) Impact of artificial intelligence on economic theory. Quant Financ

    Google Scholar 

  3. O’Keefe RM, O’Leary D, Rebne D et al (2015) The impact of expert systems in accounting: system characteristics, productivity and work unit effects. Intell Syst Acc Financ Manag 2(3):177–189

    Article  Google Scholar 

  4. Broda M, Frank A (2015) Learning beyond the screen: assessing the impact of reflective artificial intelligence technology on the development of emergent literacy skills. Plant Physiol 151(2):681–690

    Google Scholar 

  5. Dirican C (2015) The impacts of robotics, artificial intelligence on business and economics. Procedia Soc Behav Sci 195:564–573

    Article  Google Scholar 

  6. Makridakis S (2017) The forthcoming artificial intelligence (AI) revolution: its impact on society and firms. Futures 90:46–60

    Article  Google Scholar 

  7. (2018) Response to technological innovation: the impact of stem graduates on employment opportunities in accounting services firms

    Google Scholar 

  8. Morikawa M (2017) Firms’ expectations about the impact of ai and robotics: evidence from a survey. Econ Inq 55(2):1054–1063

    Article  Google Scholar 

  9. Baldwin AA (2016) UOA, USA collected papers of the eleventh annual research workshop on: artificial intelligence and emerging technologies in accounting, auditing and tax

    Google Scholar 

  10. Galeshchuk S (2014) Neural-based method of measuring exchange-rate impact on international companies’ revenue. In: 11th international conference distributed computing and artificial intelligence. Springer, pp 529–536

    Google Scholar 

  11. Vijayakumari AA, Thirunavukkarasu P, Lukose A, et al (2015) Exploration of the effect of demographic and clinical confounding variables on results of voxel-based morphometric analysis in schizophrenia. In: Artificial intelligence and evolutionary algorithms in engineering systems. Springer India, pp 139–149

    Google Scholar 

  12. Cockburn IM, Henderson R, Stern S (2018) The impact of artificial intelligence on innovation. NBER Chapters

    Google Scholar 

  13. Michaels A, Grüning M (2018) The impact of corporate identity on corporate social responsibility disclosure. Int J Corp Soc Responsib 3(1):3

    Article  Google Scholar 

  14. Agwu OE, Akpabio JU, Alabi SB et al (2018) Artificial intelligence techniques and their applications in drilling fluid engineering: a review. J Petrol Sci Eng 167:300–315

    Article  Google Scholar 

  15. Neo TK, Sabbaghan S (2014) The impact of the relationship between Gardner’s multiple intelligence and Kolb’s learning style. Knowl Discov Transfer Manag Inf Age 485(1–3):21–29

    Google Scholar 

  16. Sankararaman S, Teubert C (2015) Impact of uncertainty on the diagnostics and prognostics of a Current-Pressure transducer. In: Aerospace conference. IEEE, pp 1–10

    Google Scholar 

  17. Stejskal J, Hajek P (2015) Modelling knowledge spillover effects using moderated and mediation analysis – the case of Czech high-tech industries. LNBIP, vol 224, pp 329–341

    Google Scholar 

  18. Hsu YS, Lin SJ (2016) An emerging hybrid mechanism for information disclosure forecasting. Int J Mach Learn Cybernet 7(6):1–10

    Article  Google Scholar 

  19. Dimiduk DM, Holm EA, Niezgoda SR (2018) Perspectives on the impact of machine learning, deep learning, and artificial intelligence on materials, processes, and structures engineering. Integr Mater Manuf Innov 7:157–172

    Article  Google Scholar 

  20. Grosz BJ, Stone P (2018) A century long commitment to assessing artificial intelligence and its impact on society

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Yanling Shi .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2020 Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Shi, Y. (2020). The Impact of Artificial Intelligence on the Accounting Industry. In: Xu, Z., Choo, KK., Dehghantanha, A., Parizi, R., Hammoudeh, M. (eds) Cyber Security Intelligence and Analytics. CSIA 2019. Advances in Intelligent Systems and Computing, vol 928. Springer, Cham. https://doi.org/10.1007/978-3-030-15235-2_129

Download citation

Publish with us

Policies and ethics