THE FUTURE ROLE OF ACCOUNTANTS IN A WORLD DRIVEN BY ARTIFICIAL INTELLIGENCE

Abstract

           The paper discusses the future of accountants in the digital world. The obstacles that accountants have faced for decades have been established. The focus is on the new skills and capabilities needed for employees in a world driven by artificial intelligence. The most critical component is characterized - accounts receivable, which affects the company's cash flows and financial position. Opinions have been formed and recommendations have been outlined on how ready Georgia is for change.

The accounting profession is entering a new phase. Where technology does not replace the accountant, but rather enriches his or her functions,  for example, reducing routine; With the help of artificial intelligence, accountants no longer perform the same amount of mechanical work. They are freed from day-to-day operations, allowing them to focus on analytics and strategy. Artificial intelligence helps them improve the quality of decisions. The human factor is still crucial in accounting: artificial intelligence will not be able to replicate human intuition, ethical judgment, and understanding of social context. An accountant's skills such as assessing complex situations and making fair decisions are indispensable. We can assume that the accountant of the future will be a business partner, strategic analyst, financial advisor, and one who is assisted by artificial intelligence, but not replaced.