Impact of Artificial Intelligence (AI) on Accounting and Finance Functions
Ubogu Festus PhD, Ejiofor Emmanuel O PhD
Abstract
The integration of AI in accounting and finance presents both opportunities and challenges. The study examined the impact of Artificial intelligence on accounting and finance functions. The study adopted historical descriptive research method and secondary data was used because of the largeness and nature of the study. The main objective of the study is to examine the impact of Artificial intelligence on accounting and finance functions. The specific objectives were to determine the impact of Ai on time savings on specific tasks, to identify the impact of AI on job displacement. The study revealed that AI has positive and significant effects on the variables of the study. The study concluded that AI and data science are not just technological advancements, they are tools for creating a better future. The study recommends among others retraining and up skilling initiatives to effectively implement AI strategies.
Keywords
References
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