Shodh Sari-An International Multidisciplinary Journal
Vol-04, Issue-03(Jul-Sep 2025)
An International scholarly/ academic journal, peer-reviewed/ refereed journal, ISSN : 2959-1376
Impact of Artificial Intelligence on Modern Accounting Practices
Simran
Professor, Department of Commerce, NIILM University Kaithal
DOI: https://doi.org/10.59231/SARI7849
Subject: Accounting / Finance / Artificial Intelligence
Page No: 221-226
Received: May 10, 2025
Accepted: June 15, 2025
Published: July 01, 2025
Thematic Classification: AI in Accounting, Digital Finance, Modern Accounting Practices, Automation, Financial Data Analysis, Technological Impact on Auditing.
Abstract
The advent of Artificial Intelligence (AI) has revolutionized numerous industries, and accounting is no exception. This paper explores how AI technologies are reshaping accounting practices by automating repetitive tasks, improving accuracy, enhancing decision-making, and reducing operational costs. The study delves into current applications of AI in accounting, such as audit automation, fraud detection, predictive analytics, and intelligent financial reporting. The paper also discusses the challenges of AI adoption, including data security, ethical concerns, and the need for upskilling the workforce. The findings suggest that while AI introduces transformative benefits, a balanced integration with human expertise remains essential for the future of accounting.
Keywords: Artificial Intelligence, Accounting Practices, Audit Automation, Predictive Analytics, Financial Reporting, AI Adoption
Impact Statement
The research paper “Impact of Artificial Intelligence on Modern Accounting Practices” provides a comprehensive examination of how AI technologies are reshaping the landscape of accounting by automating routine tasks, enhancing accuracy, and enabling real-time financial analysis. By exploring AI applications such as automated data entry, fraud detection, predictive analytics, and intelligent audit tools, the study illustrates how AI is transforming traditional accounting roles into more strategic and analytical functions.
The paper’s impact is significant in both academic and professional contexts. It equips educators and institutions with insights to redesign accounting curricula that reflect current industry trends and prepare future accountants for a tech-driven environment. Simultaneously, it offers valuable guidance to practitioners and firms seeking to integrate AI into their workflows, thereby improving efficiency, compliance, and decision-making.
By bridging the gap between emerging technologies and accounting practices, the study contributes to the evolution of a more agile, data-centric, and innovation-ready profession. It also prompts critical discussions around ethical implications, data governance, and workforce reskilling—ensuring that the adoption of AI enhances the integrity and strategic value of accounting in the modern era.
About Author
Dr Simran is working as Professor, Department of commerce, NIILM University, kaithal She has 13 years of rich experience in leadership, curriculum development and teaching at school and higher education level. Her area of research is accounting, taxation, human resource management and teaching-learning. She has attended more than 70 conferences, seminars and workshops. She has presented her research in various National and International Conferences. She has been awarded with 8 prestigious Awards. Dr. Simran is working as Professor, Department of commerce, NIILM University, kaithal
Cite this Article
APA 7th Style
Simran. (2025). Impact of artificial intelligence on modern accounting practices. Shodh Sari-An International Multidisciplinary Journal, 4(03), 221–226. https://doi.org/10.59231/SARI7849
Chicago 17th Style
Simran. “Impact of Artificial Intelligence on Modern Accounting Practices.” Shodh Sari-An International Multidisciplinary Journal 4, no. 3 (2025): 221–226. https://doi.org/10.59231/SARI7849.
MLA 9th Style
Simran. “Impact of Artificial Intelligence on Modern Accounting Practices.” Shodh Sari-An International Multidisciplinary Journal, vol. 4, no. 3, 2025, pp. 221-226, https://doi.org/10.59231/SARI7849.
Statements and Declarations
Peer-Review Method: This article underwent a double-blind peer-review process by two independent external experts in Fintech and Management Accounting to ensure the validity of the technical analysis and its practical implications for the accounting profession.
Competing Interests: The author (Simran) declares that there are no financial, personal, or professional conflicts of interest that could have inappropriately influenced the research findings or the analysis presented in this study.
Funding: This research was conducted as an independent scholarly project at the Department of Commerce, NIILM University, Kaithal. No specific external grants or commercial funding were received for this work.
Data Availability: The analysis is based on a review of current AI integration trends in the accounting industry, including automation tools, predictive analytics, and blockchain applications. All primary sources and industry reports cited are available through public academic archives and professional accounting repositories.
Licence: Impact of Artificial Intelligence on Modern Accounting Practices © 2025 by Simran is licensed under CC BY-NC-ND 4.0. This work is published by the International Council for Education Research and Training (ICERT).
Ethics Approval: As this study is a theoretical and qualitative review of technological impacts on professional practices and does not involve direct experimentation on human participants, it was deemed exempt from formal ethical review by the Institutional Research Committee of NIILM University.
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