• Dr. Anshu Gupta
• Nirmal Kumar

Artificial Intelligence (AI) is the terminology of a technology that makes machines intelligent. It is a system designed by a human to make machines work intelligently. The purpose of artificial intelligence is to discover ways to perform complex human activities and show how computer technologies can work strategically as humans would. Artificial intelligence is rapidly changing the reality of accounting as it improves and reshapes the way real-world activities are conducted in the field. Accounting has changed significantly over the years, replacing paper and pencil work with computers first, but more importantly, reducing the time spent on repetitive tasks and reducing the number of errors. It has been replaced with a program that was done manually. In the short to medium term, AI brings many opportunities for accountants to improve their efficiency, provide more insight and deliver more value to businesses. In the longer term, AI raises opportunities for much more radical change, as systems increasingly take over decision making tasks currently done by humans. This white paper focuses on understanding the impact of artificial intelligence solutions in accounting as well as understanding the opportunities and challenges brought by AI in the field of accounting.

Artificial Intelligence, Accounting, Accounting Process, Technology, Digitalization.

"A Futuristic View for the Effects of Artificial Intelligence on Accounting", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 12, page no.e694-e699, December-2022, Available :http://www.jetir.org/papers/JETIR2212499.pdf

"A Futuristic View for the Effects of Artificial Intelligence on Accounting", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 12, page no. ppe694-e699, December-2022, Available at : http://www.jetir.org/papers/JETIR2212499.pdf