An Insight on the Fate of Book Keeping with Artificial Intelligence Emergence in Nigeria
Ubesie Madubuko Cyril PhD, Eneh Nkiruka Edit PhD
Abstract
The study on the fate of book keeping with Artificial Intelligence Emergence in Nigeria was principally a theoretical inference and exposure of existing literature. The study made use of primary data by the application of questionnaire which was administered to a purposive sample of twenty Accountants. With the use of likert-5 scale data collected were analyzed using inferential statistical methods. Both logistic regression and t-test sampling were used in the analysis. The result of the study shows that adoption of Artificial Intelligence has actually impacted on book keeping positively. It also reveals that rather than being a threat to boo keeping and accounting profession, Artificial Intelligence helps to improve the quality and quantity of accounting work. Furthermore, it was upheld that the practice of book keeping cannot be replaced or threatened by Artificial Intelligence rather the emergence would foster increased reliance devoid of bias.
Keywords
Artificial Intelligence
Book-keeping
Survival tendency
Accountancy Profession.
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banking
industry.
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Business
&
Management,
10(1).
https://doi.org/10.1080/23311975.2022.2163560.
Baader, G., & Krcmar, H. (2018). Reducing false positives in fraud detection: Combining the
red flag approach with process mining. International Journal of Accounting Information
Systems, 31, 1-16. https://doi.org/10.1016/j.accinf.2018.03.004.
Bako, P. M., & Tanko, U. M. (2022). The place of Artificial Intelligence in Accounting Field
and the Future of Accounting Profession. Journal of Artificial Intelligence, Machine
Learning and Neural Network 2(5), 15-21.https://doi.org/10.55529 /jaimInn.25.15.21.
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meaningful work. Journal of Business Ethics, 185.https://doi.org/10.1007/s10551-023-
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general
method
of
invention.
Research
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104604.https://doi.org/10.1016/j.respol.2022. 104604.
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Economics and Finance, 4(1), 17-24. https://doi.org//10.47752/sjef.41.17.24.
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on
auditing
process.
Retrieved
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https://www.diva-
portal.org/smash/get/diva2:1446778/FULLTEXT01.pdf
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Intelligence based decision making in accounting and auditing: ethical challenges and
normative thinking. Accounting, Auditing & Accountability Journal, 35(9), 109-1335.
https://doi.org/10.1108/aaaj-09-2020-4934.
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transformation challenges for SMEs in the post-pandemic era: A review and research
agenda.
Frontiers
in
Public
Health,
frontiersin.
https://doi.org/10.3389/fpubh.885067.
Mishra S. (2023). Exploring the impact of AI-based cyber security financial sector
management. Applied Sciences, 13(10), 5875. https://doi.org/10.3390/app13105875.
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in Digital Business & Enabling Technologies, 35-51. https://doi.org/10.1007/97888-
31494-0_3
Olamide, J. O., & Ajibade, A. T. (2016). Evolution of accounting standards in Nigeria: a
historical perspective. International Journal of Advanced Academic Research, 2(8),
2488-9849. Retrieved from https://www.ijaar.org/articles/Volume2-Number8/Social-
Management-Scienc s/ijaar-sms-v2n7-j116-p2.pdf.
Onyejegbu, L. N. (2023). Challenges of integrating AI ethics into higher education curricula in
West
Africa:
Nigerian
universities
narrative.
Springer
EBooks,
57-66.
https://doi.org10.1007/978-3-031-23035-6_5.
Ovunda, A. (2015). Luca Pacioli’s Double-Entry System of Accounting: A Critique. Resarch
Journal of Finance and Accounting www.iiste.org ISSN, 6(18), 2222-2847. retrieved
from. https://core.ac.uk/download/pdf/234631058.pdf
Perifanis, N-A., & Kitsios, F. (2023). investigating the influence of artificial intelligence on
business value in the digital era of strategy: A literature review. Information, 14(2), 85.
Mdpi. https://doi.org/10-3390/info14020085.
Sangster, A. (2021). The life and works of Luca Pacioli (1446/7-1517), humanist educator.
Abacus, 57(1), 126-152. https://doi.org/10.1111/abac.12218.
Sani, A. B., Adeyemi, A. A., & Bakara, T. O. (2022). Artificial Intelligence in Accounting for
Revenue Generation in Nigeria: A post-Covid-19 Impact Analysis. Accounting &
Taxation Review, 6(1). Retrieved from
https://www.atreview.org/admin/12389900798187/ATR%206(1)%2019.pdf
Santos, A. C., Pires, R., & Alves, M. C. (2023). An Analysis of the use of Accounting
Information by Portuguese SMSs. Journal of Risk and Financial Management, 16(4),
https://doi.org/10.3390/jrfm16040225.
Trigoa, A., Belfo, F., & Estebanezc, R. P. (2014). Accounting Information Systems: The
challenge of the real-time reporting. Procedia Technology, 16, 118-127.
https://doi.org/10.1016/j.protcy.2014.10.075
Ubesie, M. C (2010), Advanced Financial Accounting 2 New Revised Edition Computer Edge
Publishers Enugu.
Ukpong, E. (2022). Integration of Artificial Intelligence Applications for Financial Process
Innovation
by
Commercial
Banks
in
Nigeria.
Retrieved
from
https//aksujacog.org.ng/articles22/04/integration-of-artificial-intelligence-application-
for-financial-process-innovation-by-commercial-banks-in-nigeria/aksujacog
02
01
09.pdf.
Ukpong, E. G., Udoh, I. I., & Essien, I. T. (2019). Artificial Intelligence: Opportunities, issues
and applications in banking, accounting, and auditing in Nigeria. Asian Journal of
Economics,
Business
and
Accounting,
10(1),
1-6.
https://doi.org/10.9734/2019/v10i13099.www.accounting.seed.com/top7.
Xu, Y., Wang, Q., An, Z., Wang, F., Zhang, L., Wu, Y., … Roepman, R. (2021). Artificial
Intelligence. A Powerful Paradigm for Scientific Research. The Innovation,2(4),
Sciencedirect. https//doi.org/10.1016/j.xinn.2021.100179.
