A STUDY ON THE ROLE OF ARTIFICIAL INTELLIGENCE IN ACCOUNTING

DOI: https://doi.org/10.56815/IRJAHS/2025.V4I1.1-6

Abstract

Artificial Intelligence (AI) is the process by which machines may mimic human intelligence, including reasoning, learning, and decision-making. Applications such as natural language processing, robotics, and predictive analytics are powered by it. Accounting is the methodical process of documenting, evaluating, and summarising a company’s or organization’s financial activities. Providing accurate financial statements and reports, guarantees regulatory compliance, offers information about financial health, and facilitates decision-making. The purpose of conducting this research is to evaluate the role of Artificial Intelligence in Accounting. The technique used in the current study is one sample t-test. The findings indicated that Processes data in real-time, predicts financial trends, makes auditing faster and easier, Speeds up financial reporting, helps prepare accurate tax returns, detects fraud in transactions, reduces errors in accounting, manages cash flow better, helps plan financial strategies, saves time for accountants, Analyses risks effectively, Guides accountants with virtual assistants are the significant role of AI in accounting.