Application of Artificial Intelligence in Corporate Financial Accounting

With the rapid development of artificial intelligence (AI) technology, its application in corporate financial accounting has become increasingly widespread. This paper explores the current status, main technologies, application areas, and challenges and opportunities of AI in corporate financial accounting. Through an analysis and review of extensive literature, this study finds that AI technologies, such as machine learning, natural language processing, and Robotic Process Automation (RPA), are reshaping the workflows and decision-making models in corporate financial accounting. These technologies demonstrate tremendous potential in financial reporting automation, intelligent auditing, financial forecasting, and risk management. However, the application of AI also faces challenges such as data quality, ethical issues, and talent shortages. This paper proposes a series of recommendations to promote the effective application and sustainable development of AI in corporate financial accounting.

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Publication Details

Journal
International Journal of Emerging Technologies and Advanced Applications
Published
2024-09-27
DOI
https://doi.org/10.62677/ijetaa.2408126
Citations
1
Primary Topic
Impact of AI and Big Data on Business and Society
Type
article
Field-Weighted Citation Impact
0.49
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article

Application of Artificial Intelligence in Corporate Financial Accounting

Yun Luan
1 citations
International Journal of Emerging Technologies and Advanced Applications
Impact of AI and Big Data on Business and Society
0.49
article

Application of Artificial Intelligence in Corporate Financial Accounting

Yun Luan
article en
1 citations

Abstract

With the rapid development of artificial intelligence (AI) technology, its application in corporate financial accounting has become increasingly widespread. This paper explores the current status, main technologies, application areas, and challenges and opportunities of AI in corporate financial accounting. Through an analysis and review of extensive literature, this study finds that AI technologies, such as machine learning, natural language processing, and Robotic Process Automation (RPA), are reshaping the workflows and decision-making models in corporate financial accounting. These technologies demonstrate tremendous potential in financial reporting automation, intelligent auditing, financial forecasting, and risk management. However, the application of AI also faces challenges such as data quality, ethical issues, and talent shortages. This paper proposes a series of recommendations to promote the effective application and sustainable development of AI in corporate financial accounting.

International Journal of Emerging Technologies and Advanced ApplicationsVol. 1(8)
Eastern Liaoning University (CN)
Openalex Percentile: Top 31%
Impact of AI and Big Data on Business and Society
0.49
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