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Artificial Intelligence (ΑI) in Accounting and Finance

In: Advanced Technologies in Business, Volume I

Author

Listed:
  • Mihail Diakomihalis

    (International Hellenic University, Department of Economic Science, School of Economics & Management)

Abstract

Financial sector might be positively influenced by AI on issues of financial management, regarding fraud detection, better risk handling, preventing financial losses, and financial distress. The empirical research was conducted among the total population of 107 Greek academics in the accounting and/or finance field, using the Analytic Hierarchy Process (AHP). The results show that AI will influence most “financial management,” “accounting practice,” and “reconstruction of accounting personnel's ability,” are the most significant reasons for AI application, and the benefits expected to gain by the businesses, while, “maximization of value creation,” “management accounting turns from to ,” and “replacement of basic accounting & financial work,” rank in the last three places of benefits expected from AI. Implementation of AI in accounting and finance tasks and enterprises’ departments will induce drastic changes in the way businesses operate.

Suggested Citation

  • Mihail Diakomihalis, 2026. "Artificial Intelligence (ΑI) in Accounting and Finance," Palgrave Intersections of Business and the Sciences, in association with Gnosis Mediterranean Institute for Management Science, in: Shahriar Akter & Md Afnan Hossain & Hélène Yildiz & Demetris Vrontis & Alkis Thrassou (ed.), Advanced Technologies in Business, Volume I, chapter 0, pages 109-130, Palgrave Macmillan.
    • Handle: RePEc:pal:pinchp:978-3-032-03480-9_5
    DOI: 10.1007/978-3-032-03480-9_5
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