THE IMPACT OF ARTIFICIAL INTELLIGENCE ON ACCOUNTING

Authors

  • Manana Mchedlishvili Associate Professor

Abstract

The paper discusses the possibilities of using artificial intelligence in accounting. The focus is on new skills and capabilities needed for employees. The best artificial intelligence accounting programs are described, opinions are formed, and conclusions are drawn on how ready Georgia is for global changes. Artificial intelligence accounting software is a tool that uses AI technologies to improve the automation of various accounting processes. Today, artificial intelligence has all the potential to transform the work process. The use of artificial intelligence in accounting can automate processes in this area, forecast revenues and budgets, identify and prevent fraud, and analyze and monitor risks. With the help of artificial intelligence, it is possible to conduct audits more efficiently and accurately, process large amounts of data, and detect anomalies in financial records. Predictive models with artificial intelligence can help companies assess credit risk, optimize investment portfolios, and use costs efficiently. The mass use of artificial intelligence, not only in Georgia, but throughout the world, is still lacking. There is a lot of work to be done in Georgia in terms of awareness-raising, technical and organizational readiness. Artificial intelligence has the potential to transform the economy in many ways.However, there are also significant threats and risks, in terms of job displacement, inequality, and international competition. The full potential of artificial intelligence will only be realized when policymakers, industry leaders, and society as a whole work together to create ethical and fair conditions for the development and use of artificial intelligence. With such approaches, artificial intelligence can bring great benefits to everyone and significantly improve economic growth, development, and well-being.

As AI technology continues to evolve, we can expect to see even more benefits from AI accounting software in the future.

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Published

29.05.2025

Issue

Vol. 14 No. 2 (2025)

Section

Accounting, Finance, Statistics and Economic informatics

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