IMPACT OF ARTIFICIAL INTELLIGENCE ON ACCOUNTING OPERATIONS PERFORMANCE IN SOUTH EAST NIGERIA’S ACCOUNTING FIRMS
ABSTRACT
Due to its capacity to produce cost savings and operational efficiencies, artificial intelligence (AI) is quickly revolutionising the operations of financial institutions. As a result, there is growing optimism that it will eventually take over key tasks. Significant progress has been achieved in AI recently, especially in the area of accounting. Due of this, accounting professionals now use computerised and software-driven methods rather than the more traditional paper-and-pencil entry method to complete their work.
It’s important to grasp the possible risk that comes with AI, which is the assumption of knowledge too soon. Many people might jump to the erroneous conclusion that they completely understand AI and undervalue its complexity and implications. Consequently, this study’s goal is to investigate how artificial intelligence affects performance of accounting operations within accounting firms located in South East Nigeria.
The study employed a descriptive research design and involved 185 accountants and managers from accounting firms in Anambra and Enugu states. Data were collected through structured questionnaires, and the obtained information was presented in tables. The study hypotheses were tested using linear regression analysis at a significance level of 5%.
The results of the study revealed that both Expert systems (r = .904; F = 608.447; p = .000) and Intelligent agents (r = .754a; F = 178.810; p = .000) significantly influenced the performance of accounting functions in accounting firms within South East Nigeria. Consequently, it was concluded that the application of artificial intelligence has a positive influence on the performance of accounting functions.
Based on the findings, the researchers recommended that accountants and accounting firms should continuously enhance their knowledge and understanding of artificial intelligence. This ongoing improvement will not only enhance the performance of accounting functions but also lead to the elimination of certain accounting costs, thus promoting greater efficiency in the field.
IMPACT OF ARTIFICIAL INTELLIGENCE ON ACCOUNTING OPERATIONS PERFORMANCE IN SOUTH EAST NIGERIA’S ACCOUNTING FIRMS. GET MORE ACCOUNTING PROJECT TOPIC AND MATERIALS