{"id":14451,"date":"2025-07-19T10:06:50","date_gmt":"2025-07-19T09:06:50","guid":{"rendered":"https:\/\/icertpublication.com\/?page_id=14451"},"modified":"2025-07-19T10:11:42","modified_gmt":"2025-07-19T09:11:42","slug":"impact-of-artificial-intelligence-on-modern-accounting-practices","status":"publish","type":"page","link":"https:\/\/icertpublication.com\/index.php\/shodh-sari-2\/hodh-sari-an-international-multidisciplinary-journal-vol-04-issue-02-apr-jun-2025\/impact-of-artificial-intelligence-on-modern-accounting-practices\/","title":{"rendered":"Impact of Artificial Intelligence on Modern Accounting Practices"},"content":{"rendered":"\t\t
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Impact of Artificial Intelligence on Modern Accounting Practices<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Simran<\/span><\/p>

Professor, Department of Commerce, NIILM University Kaithal<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Abstract<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The advent of Artificial Intelligence (AI) has revolutionized numerous industries, and accounting is no exception. This paper explores how AI technologies are reshaping accounting practices by automating repetitive tasks, improving accuracy, enhancing decision-making, and reducing operational costs. The study delves into current applications of AI in accounting, such as audit automation, fraud detection, predictive analytics, and intelligent financial reporting. The paper also discusses the challenges of AI adoption, including data security, ethical concerns, and the need for upskilling the workforce. The findings suggest that while AI introduces transformative benefits, a balanced integration with human expertise remains essential for the future of accounting.<\/span><\/p>

Keywords:<\/span> Artificial Intelligence, Accounting Practices, Audit Automation, Predictive Analytics, Financial Reporting, AI Adoption<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Impact Statement\n<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The research paper “Impact of Artificial Intelligence on Modern Accounting Practices” provides a comprehensive examination of how AI technologies are reshaping the landscape of accounting by automating routine tasks, enhancing accuracy, and enabling real-time financial analysis. By exploring AI applications such as automated data entry, fraud detection, predictive analytics, and intelligent audit tools, the study illustrates how AI is transforming traditional accounting roles into more strategic and analytical functions.<\/span><\/p>

The paper\u2019s impact is significant in both academic and professional contexts. It equips educators and institutions with insights to redesign accounting curricula that reflect current industry trends and prepare future accountants for a tech-driven environment. Simultaneously, it offers valuable guidance to practitioners and firms seeking to integrate AI into their workflows, thereby improving efficiency, compliance, and decision-making.<\/span><\/p>

By bridging the gap between emerging technologies and accounting practices, the study contributes to the evolution of a more agile, data-centric, and innovation-ready profession. It also prompts critical discussions around ethical implications, data governance, and workforce reskilling\u2014ensuring that the adoption of AI enhances the integrity and strategic value of accounting in the modern era.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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About Author\n<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Dr Simran<\/span>\u00a0<\/span> is working as Professor, Department of commerce, NIILM University, kaithal She has 13 years of rich experience in leadership, curriculum development and teaching at school and higher education level. Her area of research is accounting, taxation, human resource management and teaching-learning. She has attended more than 70 conferences, seminars and workshops. She has presented her research in various National and International Conferences. She has been awarded with 8 prestigious Awards.\u00a0Dr. Simran is working as Professor, Department of commerce, NIILM University, kaithal<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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References<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\u00a0<\/p>

  1. Association of Chartered Certified Accountants. (2021). <\/span>Ethics and trust in a digital age<\/span>. Association of Chartered Certified Accountants.<\/span><\/p><\/li>

  2. Brynjolfsson, E., & McAfee, A. (2017). <\/span>Machine, platform, crowd: Harnessing our digital future<\/span>. W.W. Norton & Company.<\/span><\/p><\/li>

  3. Deloitte. (2022). AI and the future of finance. <\/span>Insights<\/span>. Deloitte Development, LLC.<\/span><\/p><\/li>

  4. Gartner. (2023). <\/span>Top trends in AI in finance and accounting<\/span>. Gartner Research.<\/span><\/p><\/li>

  5. Kumar, S., & Simran, S. (2024). Psychological impact of physical distancing due to covid 19 pandemic on school and higher education students. <\/span>Edumania-An International Multidisciplinary Journal<\/span>, <\/span>02<\/span>(04), 101\u2013112. https:\/\/doi.org\/10.59231\/edumania\/9076<\/span><\/p><\/li>

  6. Ghosh, S. (2020). Artificial intelligence in accounting: A future perspective. <\/span>Journal of Accounting Research and Education<\/span>.<\/span><\/p><\/li>

  7. Kumar, S., & Simran, S. (2024). Psychosocial impact of COVID-19 pandemic on women\u2019s mental health. <\/span>Shodh Sari-An International Multidisciplinary Journal<\/span>, <\/span>03<\/span>(04), 366\u2013375. https:\/\/doi.org\/10.59231\/sari7769<\/span><\/p><\/li>

  8. Institute of Chartered Accountants in Ireland. (2021). <\/span>Impact of artificial intelligence on the accountancy profession<\/span>. Institute of Chartered Accountants of India.<\/span><\/p><\/li>

  9. Kokina, J., & Davenport, T. H. (2017). The emergence of artificial intelligence: How automation is changing auditing. <\/span>Journal of Emerging Technologies in Accounting<\/span>, <\/span>14<\/span>(1), 115\u2013122. <\/span>https:\/\/doi.org\/10.2308\/jeta-51730<\/span><\/a><\/p><\/li>

  10. PwC. (2020). <\/span>AI in finance: How artificial intelligence is transforming the financial sector<\/span>.<\/span><\/p><\/li>

  11. Schmidt, E., & Rosenberg, J. (2019). <\/span>Trillion dollar coach: The leadership playbook of Silicon Valley\u2019s Bill Campbell<\/span>. Harper Business.<\/span><\/p><\/li>

  12. World Economic Forum. (2020). <\/span>Jobs of tomorrow: Mapping opportunity in the new economy<\/span>.<\/span><\/p><\/li>

  13. Kumar, S. (2023). Artificial Intelligence Learning and Creativity. <\/span>Eduphoria<\/span>, <\/span>01<\/span>(01), 13\u201314. https:\/\/doi.org\/10.59231\/eduphoria\/230402<\/span><\/p><\/li>

  14. Kumar, S., & Simran. (2024). Equity in K-12 STEAM education. <\/span>Eduphoria<\/span>, <\/span>02<\/span>(03), 49\u201355. https:\/\/doi.org\/10.59231\/eduphoria\/230412<\/span><\/p><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    Impact of Artificial Intelligence on Modern Accounting Practices Simran Professor, Department of Commerce, NIILM University Kaithal Abstract The advent of Artificial Intelligence (AI) has revolutionized numerous industries, and accounting is no exception. This paper explores how AI technologies are reshaping accounting practices by automating repetitive tasks, improving accuracy, enhancing decision-making, and reducing operational costs. The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":13912,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-14451","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/pages\/14451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/comments?post=14451"}],"version-history":[{"count":7,"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/pages\/14451\/revisions"}],"predecessor-version":[{"id":14459,"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/pages\/14451\/revisions\/14459"}],"up":[{"embeddable":true,"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/pages\/13912"}],"wp:attachment":[{"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/media?parent=14451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}