ВЈЕШТАЧКА ИНТЕЛИГЕНЦИЈА У ФИНАНСИЈСКОМ ИЗВЈЕШТАВАЊУ: КОРИСТИ ЗА ЕКСТЕРНЕ КОРИСНИКЕ
ARTIFICIAL INTELLIGENCE IN FINANCIAL REPORTING: BENEFITS FOR EXTERNAL USERS

Author(s): Branko Krsmanović
Subject(s): Financial Markets, Accounting - Business Administration, ICT Information and Communications Technologies
Published by: Savez računovođa i revizora Republike Srpske
Keywords: artificial intelligence; financial reporting; external users; automation;
Summary/Abstract: The accelerated digital transformation is strongly affecting financial reporting, changing the way financial information is created, analyzed and used. At the core of these changes is artificial intelligence (AI). Standard approaches to reporting cannot meet the market requests for distinct, timely and user-friendly information. Apart from previously stated, the emphasis is on prediction requirement and better understanding of business. Artificial intelligence offers solutions for large data analization, reporting processes automation, tendencies detection and reporting. The aim of this paper is to examine the benefits of applying AI in financial reporting, focusing on external users. The methodological approach includes a review and analysis of secondary data sources and analysis of case studies of the AI implementation in financial reporting. The research results exhibit how the application of AI improves the quality, speed and versatility of financial reporting. AI transforms financial reporting, providing external users with approach to exceptional, timely and significant information in the process of business decisions making.

• Details
• Contents