Artificial Intelligence and the Future of Accounting: A Review of Financial Decision-Making Practices

R Raghu Veer

Artificial Intelligence and the Future of Accounting: A Review of Financial Decision-Making Practices

Author(s)	Dr. R Raghu Veer
Country	India
Abstract	Artificial Intelligence (AI) has emerged as one of the most transformative technologies influencing modern accounting practices and financial decision-making processes. The integration of AI technologies such as Machine Learning (ML), Robotic Process Automation (RPA), Natural Language Processing (NLP), predictive analytics, and intelligent data processing has significantly changed the traditional accounting environment. The present study aims to review the role of Artificial Intelligence in accounting and analyze its impact on financial decision-making practices in modern organizations. The study is conceptual and descriptive in nature and is entirely based on secondary data collected from research journals, books, conference papers, industry reports, and online academic databases. The study examines the applications of AI in various accounting functions including bookkeeping, auditing, fraud detection, financial reporting, forecasting, and strategic financial management. The findings reveal that AI improves the efficiency, speed, accuracy, and reliability of accounting operations by automating repetitive tasks and minimizing human errors. AI-powered systems also enhance financial decision-making through real-time reporting, predictive analytics, intelligent forecasting, and risk assessment. Furthermore, AI contributes significantly to fraud detection and auditing by identifying unusual financial patterns and improving internal controls. The study also identifies major challenges associated with AI adoption in accounting, such as cybersecurity risks, ethical concerns, lack of technical expertise, and high implementation costs. Despite these limitations, the study concludes that AI is reshaping the future of the accounting profession by transforming accountants into strategic advisors and analytical decision-makers. The successful integration of AI technologies can provide organizations with improved financial transparency, operational efficiency, and competitive advantage in the evolving digital business environment.
Keywords	Artificial Intelligence, Accounting Practices, Financial Decision-Making, Predictive Analytics, Financial Reporting, Automation, Auditing, Fraud Detection
Field	Business Administration
Published In	Volume 8, Issue 3, May-June 2026
Published On	2026-05-23

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Artificial Intelligence and the Future of Accounting: A Review of Financial Decision-Making Practices

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