The Place of Artificial Intelligence in Accounting Field and the Future of Accounting Profession

Abstract

The study evaluates the place of Artificial Intelligent in accounting field. The study reviewed conceptual and theoretical studies on AI and drawn conclusion. Library research was adopted in gathering information for the research. It was discovered that Artificial Intelligent improved firm operation. Though it cannot totally replace the place of accountant. However, it would reduce the demand of much accountant. it would have positive effect, and if harnessed correctly, AI and automation could significantly enhance how Accountants work as well as the services they provide to clients. It reduced safe time and reduce spending. This study recommends that Accountants should upgrade themselves. also, future Accountants should acquire knowledge in digital technology in accounting companies of any size should AI to eases their sales, marketing, accounting and customer service without spending much on labour. National University Commission and universities should include AI in University curriculum where students would learn both theories and practical aspect of AI.