The rapid development of technologies has significantly influenced higher education around the world over the past decade. Especially in recent years, the advances in artificial intelligence (AI) have introduced various opportunities, while posing a range of challenges to educators in universities. In accounting education, the implication of such an advanced technology is complicated yet lacks insightful discussions. This chapter focuses on typical AI language technology (i.e., ChatGPT) and analyses its impact on accounting education. Accounting modules can be divided into two types. One equips students with skills and knowledge of preparing and assuring financial reports for accounting information users. The other type of module instructs students in learning how to use accounting information for various business decision-making. We seek to do comparative and comprehensive analyses of the application of ChatGPT for student learning and assessments between these two types of modules and their implications for teaching. In this way, we shed light on how advanced technology is shaping the future of accounting education and contribute to the ongoing debate on the integration of AI in educational settings.