Year: 2024
Type: article
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.
Author: Yun Luan
Institution: Eastern Liaoning University
Language: English
Subfield: Industrial and Manufacturing Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: hybrid
OpenAlex ID: W4402901594