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What is Cloud Accounting

Chapter 26
Handbook of Research on Applied AI for International Business and Marketing Applications
A new way to get access to your web browser accounting software without actually installing it.
Published in Chapter:
Artificial Intelligence Applications in Accounting and Financial Reporting Systems: An International Perspective
Akeel Hamza Almagtome (Faculty of Administration and Economics, University of Kufa, Iraq)
Copyright: © 2021 |Pages: 19
DOI: 10.4018/978-1-7998-5077-9.ch026
Abstract
In light of globalization and the competitive economy, it became necessary for investors being ready to evaluate the accounting data necessary to make economic decisions that contribute to the development of their businesses. Nevertheless, many consumers of accounting information are still unable to make effective use of the accounting data presented in the financial statements. The chapter will therefore discuss innovative ideas that can allow investors and other stakeholders to understand and use accounting data in the light of best AI applications. It provides an overview of the impact of artificial intelligence on accounting and reporting practices. The chapter also discusses the latest developments in the field of artificial intelligence (AI) technology and their implementation in the context of global accounting practices, including accounting systems, financial reporting systems, and auditing.
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