The Role of Artificial Intelligence in Accounting and Financial Management: Opportunities and Challenges

This paper examines the role of Artificial Intelligence (AI) in accounting and financial management through a qualitative review of existing academic literature. It explores the applications of AI technologies such as Machine Learning (ML), Robotic Process Automation (RPA), Natural Language Processing (NLP), and Predictive Analytics in accounting, auditing, financial reporting, fraud detection, and financial decision-making. The study also discusses the major benefits, challenges, and future prospects of AI adoption. The findings suggest that AI enhances efficiency, accuracy, and strategic decision-making while complementing, rather than replacing, the role of accounting professionals.