The Contribution of Artificial Intelligence to the Enhancement of Institutional Economic, Financial, and Accounting Performance

Abstract

This study seeks to elucidate the essence of artificial intelligence (AI) and its consequential role in enhancing the economic, financial, and accounting performance of institutions. The paper is structured across three primary sections. The first one expounds upon the theoretical underpinnings of artificial intelligence. Subsequently, the second section examines the practical applications of AI within the economic, financial, and accounting domains. The final one scrutinizes the economic, financial, and accounting applications of AI. The study's significance emanates from the contemporary pertinence of the subject, coinciding with the formidable and dynamic advancements in artificial intelligence, robotics, and automation. Employing a descriptive approach, the study yields discernible outcomes and recommendations. Foremost among these is the observation that the incorporation of AI in financial, economic, and accounting sectors, with respect to market prognostications and risk governance, has engendered the refinement of robot learning models, thereby augmenting the decision-making aptitude of robots in prospective scenarios.