Year: 2024
Type: article
Abstract: This study comprehensively explores the application, challenges, and future development trends of Artificial Intelligence (AI) in accounting and financial management. Through literature review, case analysis, and third-party data, the research finds that AI technology offers significant benefits in automating accounting processes, conducting intelligent auditing, and enhancing financial forecasting and analysis. The study also identifies challenges such as technical compatibility, management change, data security and privacy, as well as legal compliance. The research results indicate that despite the challenges, companies can effectively utilize AI technology to improve the efficiency and effectiveness of financial management by employing appropriate strategies and practices. Based on the research findings, this paper provides recommendations for accounting and financial management practices, offers policy recommendations to support the development of AI, and outlines future research directions.
Source: Frontiers in Management Science
Author: Min Liu
Language: English
Subfield: Industrial and Manufacturing Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4405980614