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Published
2024-04-03
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Articles
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THE RISE OF ACCOUNTING AUTOMATION: TRANSFORMING FINANCIAL MANAGEMENT
Ismailov Shapakhat Sodikovich
Department of Senior Lecturer of the Accounting and Auditing Termiz State University
Keywords: Accounting automation, artificial intelligence, robotic process automation, machine learning, financial management, efficiency, accuracy, challenges, implications
Abstract
This article explores the rise of accounting automation and its transformative impact on financial management practices. It discusses the benefits, challenges, and implications of automation technologies such as artificial intelligence (AI), robotic process automation (RPA), and machine learning in streamlining financial processes. Through a comprehensive analysis, the article examines the key drivers behind the adoption of accounting automation and provides insights into its future trajectory.
References
Gupta, R., & Verma, R. (2021). Accounting Automation: A Review. Journal of Accounting and Finance, 10(2), 45-60.
McKinsey & Company. (2020). The Future of Finance: CFOs' Role in Embracing AI and Automation. Retrieved from https://www.mckinsey.com/business-functions/operations/our-insights/the-future-of-finance-cfos-role-in-embracing-ai-and-automation
Deloitte. (2022). Accounting Automation: Transforming Financial Management. Retrieved from https://www2.deloitte.com/us/en/pages/operations/articles/accounting-automation.html
KPMG. (2021). Embracing Automation: The Future of Accounting and Finance. Retrieved from https://home.kpmg/xx/en/home/insights/2021/03/embracing-automation-the-future-of-accounting-and-finance.html
