Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Artificial Intelligence won't likely replace Accountants, but it will lessen their need to do repetitive or process-driven accountancy chores. Strategic business decisions and other higher-value
Artificial Intelligence won't likely replace Accountants, but it will lessen their need to do repetitive or process-driven accountancy chores. Strategic business decisions and other higher-value accounting duties will continue to be made by Accountants. Data analysis and interpretation will always require skilled human Accountants. Their expertise and understanding in analyzing financial statements, rendering well-informed decisions, and projecting cash flow cannot be replicated. The feelings that customers experience when starting a business are beyond the comprehension of an AI. It is unable to meet that person's eyes when they are discussing business. Furthermore, artificial intelligence cannot replace human trust. If you work in accounting or are pursuing an accounting degree, you should be prepared to retrain in order to advance and secure your future in the industry
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started