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Technology Resource Organizational Strategy

Technology Resource Organizational Strategy

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  • Johnny Ch Lok
  • Independently Published
  • Paperback
  • 9798732091144
  • -
  • -
  • Technology & Engineering > Industrial Technology
  • English
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Book Description

What is need for development of artificial intelligence to accounting tasks aspect? The first computer language used to create artificial intelligence is USP. This language is quite flexible and extensive . Features such rapid prototyping and macro are very useful in creating AI. LISP is a language that makes complex tasks simple. So it seems that it is possible tobots can learn human to do any kinds of accounting tasks, e.g. financial account record, audit check, management account analysis etc. different kinds of acounting tasks for financial, management account, audit check functions in any organizations.However, scientists believe that artificial intelligence can help accountants be more productive and efficient. Robotic process automation RPA) allows machines or AI workers to complete repetitive, time-consuming tasks in business processed, such as document analysis, handling that are plentiful in accounting . AI can also significantly reduce financial fraud and maintenance accounting errors. Hence, the stages of AI development to accoutning industry, they may include: internet AI, business AI, perception AI, and autonomous AI ., Internet AI is thr simplest stage of AI, business AI has a limted memory, perception AI. This is the first stage in the future of AI. A key feature of this perceptive form of AI is the ability to compile and draw from past experiences, much like human to accounting tasks. The design phase is essentially in literative process comprising all the steps releveant to building the AI or machine learning model, data acquisition, exploration, management and analsis tasks. So, it seems that future robots may be developed to help human to do simple and complex accounting tasks. Combining AI with other technologies, such as robotic, process automation can follow accountants to redirect the time that they used to spend on multiple tasks, toward performing high-value, high -impact taaks. Adding AI to accounting operation can also increase output quality by miniizing human errors. So, AI and automation won't be replacing finance and accounting professionals in the foreseeable futue. On the contrary, as AI automates many aspects of business, there is a bug opportunity for accounting and finance professsionals to upskill themselves to meet the requirements of the 21 centurey. For AI audit task aspect, AI enables the analysis of a full populatin of data and can identify outliers or expectations. By making it possible for auditors to work better and smarter. AI will help them to optimize their time, enabling them to use their human judgement to analyze a boarder and deeper set of data and documents.Can AI be used in auditing and accounting ? In the assurance practice, AI is being used to perform auditing and accounting prcedures, such as review of general ledgers, tax compiance, preparing workpapers, data analytic, expense compliance, fraud accounting skills. So, it seems that future AI can replace market research analysists, compensation and benefits managers, instead of financial accountants, management accountants an auditors in any organizations.For bookkeeping clerks position example, these simple account jobs are expected to decrease, by 8% 2024, and it's non surprise because most bookkeeping is getting automated if it has not been as of now, Quickbook, Peachtrss etc. accounting software that does not need any more, because robots do not need any kinds of accounting software to help them to do any simple or complex accounting tasks.How has teachnology changed the accounting industry? Computers and accounting softeare has changed the industry complexity, with but when robots develop, it will change global accountancy professional more complex. Can robots replace accountants? Automation had brought significant changes the accounting profession over the last decaed. When some tools have made accountants lives easier.
Technology Resource Organizational Strategy

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