The Impact of AI on the Field of Accounting

What is the role of accountants?

• Managing financial records

• Preparing financial statements

• Providing advice on financial matters

• All of the above

What tasks can AI automate in accounting?

• Data entry

• Account reconciliation

• Financial analysis

• All of the above

According to the American Institute of CPAs, what percentage of accountants believe their jobs will be completely replaced by AI?

• 2%

• 4%

• 6%

• 8%

What value do accountants bring to the table that AI lacks?

• Expertise and experience

• Ability to make informed decisions

• Interpretation of financial data

• All of the above

What is one potential job opportunity for accountants created by AI?

• Managing AI systems

• Developing AI algorithms

• Data entry

• Financial analysis

What aspect of accounting may require the human touch and empathy?

• Personal tax planning

• Financial analysis

• Data entry

• Account reconciliation

What role do human accountants play in auditing?

• Providing independent assessment of financial statements

• Developing AI algorithms

• Data entry

• Financial analysis

Will AI completely replace accountants in the future?

• Yes

• No

• Maybe

• It is uncertain

What should accountants do to remain relevant in an ever-changing business landscape?

• Keep up with the latest technology

• Develop their skills and expertise

• Adapt to new accounting regulations

• All of the above

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• Leave a comment below

• Subscribe to the channel

• Share the video

• All of the above