The Changes of the Accounting System Through the Lens of Artificial Intelligence

Abstract

The integration of new information technologies has wrought transformative changes within the realm of accounting systems. Departing from traditional manual methods, contemporary accounting has embraced sophisticated computerized systems, heralding an era of increased efficiency, accuracy, and advanced decision-making capabilities. The application of AI not only enhances the accuracy of financial reporting but also fortifies the ability to detect and prevent fraudulent activities. This study aims to deeply explore how AI influences accounting practices, from simplifying daily processes to impacting strategic financial decision-making. The research methodology involves deduction and comparison, including analysis of specialized literature, documentation, and observation of technology implementation procedures. So, the incorporation of new information technologies has engendered profound changes within the accounting system. Artificial intelligence redefines how financial data is managed, offering increased efficiency, transparency, and analytical capabilities. CZU: 657:004.8; JEL: M41