The purpose of this chapter is to analyze opportunities in sustainability but also challenges that Artificial Intelligence (AI) brings to financial accounting education (FAE). The analysis of the existing literature will focus on the evolution so far of AI in education in general and in FAE more specifically, and then challenges and recommendations will be discussed. AI provides several opportunities to FAE, but it also implies challenges. AI can enhance sustainability of educational systems through personalized learning experiences, adaptive and instant assessments, and simulations of real-world scenarios. However, the use of AI in FAE might lead to a reduction of routine tasks, such as double-entry bookkeeping or computations of accounting ratios, possibly decreasing students’ technical skills. Greater collaboration between educational institutions and accounting professions is also required to adapt students’ curricula to the industry needs, which are also likely to be affected by AI. Finally, AI raises ethical issues, like biases in the algorithms or data privacy, that might threaten the sustainability of education in general and of FAE in particular. As a whole, AI provides opportunities and challenges that should be carefully considered in designing the sustainability of education, including FAE.

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Artificial Intelligence and Financial Accounting Education: Opportunities and Challenges for Their Sustainability

  • Fabrizio Di Meo

摘要

The purpose of this chapter is to analyze opportunities in sustainability but also challenges that Artificial Intelligence (AI) brings to financial accounting education (FAE). The analysis of the existing literature will focus on the evolution so far of AI in education in general and in FAE more specifically, and then challenges and recommendations will be discussed. AI provides several opportunities to FAE, but it also implies challenges. AI can enhance sustainability of educational systems through personalized learning experiences, adaptive and instant assessments, and simulations of real-world scenarios. However, the use of AI in FAE might lead to a reduction of routine tasks, such as double-entry bookkeeping or computations of accounting ratios, possibly decreasing students’ technical skills. Greater collaboration between educational institutions and accounting professions is also required to adapt students’ curricula to the industry needs, which are also likely to be affected by AI. Finally, AI raises ethical issues, like biases in the algorithms or data privacy, that might threaten the sustainability of education in general and of FAE in particular. As a whole, AI provides opportunities and challenges that should be carefully considered in designing the sustainability of education, including FAE.