An Overview of the Role of Artificial Intelligence and Technology in Corporate Accounting in India

"An Overview of the Role of Artificial Intelligence and Technology in Corporate Accounting in India" --------------------------------------------------------------------------------------------------------------------------------------------------------- Abstract: Accounting has always been an essential function in business, responsible for managing financial transactions and keeping accurate records. Today, Artificial Intelligence (AI) and digital technologies are transforming the accounting industry in unprecedented ways. These technologies are revolutionizing accounting by automating routine tasks, reducing errors, improving accuracy, and increasing efficiency. By this research study the researcher attempts to focus on ‘the Role of Artificial Intelligence and Technology in Corporate Accounting in India’. AI and technology are also changing the way accounting professionals approach financial forecasting and planning. With the help of machine learning algorithms, accounting teams can analyse historical data and make accurate predictions about future financial performance. This allows businesses to make informed decisions about investments, resource allocation, and risk management, leading to greater profitability and long-term success. Accounting teams at companies of all sizes and industries are implementing AI to make their processes more efficient, improve accuracy and support decision-making. This can be achieved in many ways, including adopting automation for touch less invoice processing, supporting more frequent and comprehensive forecasting, and making data analysis and scenario planning easier and faster. Keywords: Trends in Accounting, Artificial Intelligence, Applications of AI, Technology, Automation, Revolution, Accuracy, Fraud Detection, Efficiency.