The Impact of Artificial Intelligence (AI) on the Accounting System of Saudi Companies

The Impact of Artificial Intelligence (AI) on the Accounting System of Saudi Companies

January 5, 2024 | RANDA ABD ELHAMIED MOHAMMED HAMZA, NASARELDEEN HAMED AHMED ALNOR, EBRAHIM MOHAMMED AL-MATARI, ZAKIA SEID BENZERROUK, ABDELWABH MUSA ELGALI MOHAMED, MOHAMED YOUSEF BENNACEUR, AHMED HESHAM MOAWED ELHEFNI, MONA M. ELSHAABANY
This study examines the impact of artificial intelligence (AI) on the accounting systems of Saudi companies. It explores how AI influences traditional accounting methods through automation, data analysis, and decision-making processes. The research highlights AI's ability to process large volumes of data quickly and accurately, improving financial analysis, risk assessment, and forecasting. AI also simplifies accounting processes, reduces the need for human labor, and enhances financial performance. The study also addresses challenges such as data security, privacy, and ethical concerns related to AI integration. It emphasizes the importance of AI in enhancing productivity, accuracy, and efficiency in accounting procedures. The research also discusses the impact of AI on workforce dynamics, skill requirements, and organizational structure. The study concludes that AI has a significant positive impact on Saudi companies' accounting systems, supporting forecasting and data analysis, as well as integration with other systems. The findings suggest that AI can automate repetitive tasks, reduce errors, and improve decision-making. The study recommends further research to explore the long-term effects of AI on accounting systems and to develop strategies for effective AI integration.This study examines the impact of artificial intelligence (AI) on the accounting systems of Saudi companies. It explores how AI influences traditional accounting methods through automation, data analysis, and decision-making processes. The research highlights AI's ability to process large volumes of data quickly and accurately, improving financial analysis, risk assessment, and forecasting. AI also simplifies accounting processes, reduces the need for human labor, and enhances financial performance. The study also addresses challenges such as data security, privacy, and ethical concerns related to AI integration. It emphasizes the importance of AI in enhancing productivity, accuracy, and efficiency in accounting procedures. The research also discusses the impact of AI on workforce dynamics, skill requirements, and organizational structure. The study concludes that AI has a significant positive impact on Saudi companies' accounting systems, supporting forecasting and data analysis, as well as integration with other systems. The findings suggest that AI can automate repetitive tasks, reduce errors, and improve decision-making. The study recommends further research to explore the long-term effects of AI on accounting systems and to develop strategies for effective AI integration.
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