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The Evolution of Accounting: The True Impact of Artificial Intelligence on Future Accountants
Labbe, Jordyn Labbe, Jordyn
Labbe, Jordyn
Labbe, Jordyn
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Abstract
This thesis serves to investigate the ways in which artificial intelligence (AI) is changing the accounting industry. The major research questions are: How is AI impacting the field of accounting? What are the potential impacts of AI on employment in the accounting field? To answer these questions, various AI methodologies were found. These methodologies do not have the same level of intelligence; therefore, they were organized under a framework of intelligence for better understanding. Similarly, the most practiced accounting processes were identified and arranged based upon the intelligent framework. After this process was completed, we arrived at the relationship between accounting processes, the applicable AI methodologies, and the associated levels of intelligence. This mapping enables us to see more clearly that the implementation of AI will impact accounting processes differently. Some processes are poised for an imminent take-over by AI. Other processes seem unlikely to be taken over by AI. These conclusions may be used to assist future accountants and prepare them for the evolving industry that is requiring technological skills. These conclusions provide a more realistic assessment for future accountants.
Title
The Evolution of Accounting: The True Impact of Artificial Intelligence on Future Accountants
Date
2024-05-01
Subject
Artificial intelligence
Accounting
Job displacement
Accounting
Job displacement
Material type
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labbejordyn.pdf
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Abstract
This thesis serves to investigate the ways in which artificial intelligence (AI) is changing the accounting industry. The major research questions are: How is AI impacting the field of accounting? What are the potential impacts of AI on employment in the accounting field? To answer these questions, various AI methodologies were found. These methodologies do not have the same level of intelligence; therefore, they were organized under a framework of intelligence for better understanding. Similarly, the most practiced accounting processes were identified and arranged based upon the intelligent framework. After this process was completed, we arrived at the relationship between accounting processes, the applicable AI methodologies, and the associated levels of intelligence. This mapping enables us to see more clearly that the implementation of AI will impact accounting processes differently. Some processes are poised for an imminent take-over by AI. Other processes seem unlikely to be taken over by AI. These conclusions may be used to assist future accountants and prepare them for the evolving industry that is requiring technological skills. These conclusions provide a more realistic assessment for future accountants.
Duration
Location
Advisor
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Course
Department
Marketing and Decision Sciences
Degree
Bachelor of Science in Business Administration (BSBA)