The question posed by this article is whether Artificial Intelligence can change accountants? In an ideal world, we would use our algorithms to do all the tasks in the accounting world with little or no human interference. However, today, our business processes are often decentralized, and each area of our organization often has a different culture and approach to accounting.
To summarize, it’s hard to say if Artificial Intelligence can change accountants. Although it is an important tool in doing more accurate and timely reporting, it is very difficult to predict what works well with people and what doesn’t. There’s much more work that needs to be done to learn how to use it effectively. We are definitely not there yet.
A big question to consider is whether we’ll need additional human involvement in the accounting process, or if we can automate as much as possible. We definitely want the former for our bottom line, but at the same time, we also need the latter for ease of use and also to prevent over-manipulation.
First, it’s important to acknowledge that the trend is toward automation and away from complex programming languages. Over the past ten years, businesses have begun to realize that just about any automation, be it accounting or customer service, can be handled better with a computer and less of human intervention. That’s a good thing. It makes sense to have more automated tasks and fewer complicated ones.
On the other hand, another question is whether we need additional human intervention to get the reports correct. Of course, the main purpose of financial accounting is to report income and expenses, so getting reports right is obviously extremely important. However, if you are a middle manager, for example, you will only have access to “stuff” and it’s very possible that a certain aspect of the organization may not be represented on the financial reports because it was neglected.
This issue is best addressed by systems analysis, where we look at the current accounting systems (by which I mean both CRM systems and the enterprise accounting system) and how the performance of these systems are correlated to one another. From this, we can determine if changes need to be made.
Artificial intelligence systems can still make mistakes, which is why it’s very important to have experienced people watching over them. This way, there will be a lot of interaction between the human and the software and we’ll be able to train them to perform as reliably as possible.
You don’t want to get into a situation where there is a mismatch between what the software can do and what humans can do. This will only lead to one kind of outcome – inaccurate reports and expense misreporting.
Unfortunately, it’s not uncommon for human activities to impact financial reporting, including things like shopping, travel, etc. So you really want to focus on the areas where the human activities aren’t making a big difference in the accounting process.
The good news is that many areas are covered. There are many management practices that will not affect the accuracy of reporting. It’s very unlikely that we will start replacing human operators with intelligent robots, but we will require them to do fewer tasks or get more help in most cases.
Artificial intelligence can certainly have a positive impact on the accounting field, but it’s important to recognize that we need to make sure that humans are still involved in some activities. That way, we can still provide the valuable input that humans provide. We should also ensure that we don’t overload a single job or feature.
Can Artificial Intelligence Change Accountants?