UMJETNA INTELIGENCIJA U RAČUNOVODSTVU - ŠANSA ILI RIZIK
ARTIFICIAL INTELLIGENCE IN ACCOUNTING A CHANCE OR A RISK

Author(s): Marko Markić, Brano Markić
Subject(s): Business Economy / Management, Accounting - Business Administration, ICT Information and Communications Technologies
Published by: Finrar d.o.o Banja Luka
Keywords: Receipt; procurement process; IronOCR; artificial intelligence; diary;
Summary/Abstract: Accounting is the data center of every company. It systematically records data on all business changes using the principles of completeness (all business changes are recorded in bookkeeping), timeliness (record all business changes as soon as possible), sequence (record business changes in the order of occurrence), material correctness (record those and only those business changes that actually occurred). A very important accounting principle is economy, i.e. to make entries with minimal costs. Of course, accounting does not end with recording all business changes. Recorded data in databases and data warehouses are the basis of accounting analysis, accounting reporting, auditing and planning. Applied informatics enables and facilitates the implementation of all accounting principles. In our modern times, artificial intelligence and its contribution to the economy are especially emphasized. The potentials of artificial intelligence have not been exhausted and research is also “revolving” around its application in accounting as a scientific discipline and profession. Artificial intelligence is a branch of computer science that deals with the building of computer programs to solve complex tasks, thus replacing humans, their intellectual abilities and experiential knowledge. Today, artificial intelligence is expected to replace all repetitive, manual tasks in accounting. There are several examples of such recurring jobs. For example entering of received invoices. This process is a series of repetitive operations that begin with the receipt of a -vendor invoice, “extracting” from the -vendor invoice the attributes to book their -values in the journal and general ledger. From the invoice received, it is necessary to identify the invoice number, the tax base (amount of the invoice without -value added tax), the amount of VAT, the date of issue of the invoice, the deadline for payment of the invoice, the amount of the invoice. The paper investigates the possibility of applying artificial intelligence in the accounting of purchases (supplier invoices) and the limitations and difficulties in the development of such software applications in artificial intelligence. Iron OCR text (character) recognition software and C# programming language were used. The development environment Visual studio has shown satisfactory development and implementation strength and power.

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