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How much does AI development affects accounting roles and what actions can you take to outstand it? What kind of AI tools should you learn prior to get into a competitive program/internship?
I am a junior majoring in Accounting (BBA). Recently, I got interested in AI, so I familiarize myself with it by attending a lot of events.
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Dr’s Answer
Hey! Love that you’re diving into AI while studying accounting—it’s honestly one of the smartest moves you could make. AI is everywhere now, and in accounting, it’s shaking things up in a way that’s making accountants more valuable, not less. Some people stress about AI replacing jobs, but the truth is, it’s mostly cutting out the boring, repetitive tasks so accountants can focus on actual decision-making and strategy instead of getting lost in spreadsheets all day.
Think about it—before AI, accountants spent hours manually reconciling transactions, detecting fraud, and double-checking numbers. Now? AI tools can do that in seconds. But here’s the catch: AI still needs human judgment. It can spit out reports, but it can’t understand the full context behind financial decisions, business strategies, or tax loopholes. That’s where you come in. The more comfortable you are using AI as a tool rather than seeing it as a threat, the better off you’ll be. Because it's not like the world is gonna just throw it away for you, we are developing forward and we have to adapt to the new tech and generation. 🤔
Now, Companies are already integrating AI into accounting software, so if you want to stand out, getting hands-on experience with tools like QuickBooks, Xero, Sage, and even AI-powered Excel features is a game-changer. And if you really want to be ahead of the curve, playing around with data analytics, automation, or even a little Python can give you an edge. You don’t need to become a programmer, but knowing how to automate reports or analyze trends using AI-powered tools makes you way more competitive in internships and jobs.
Another thing that’s becoming super important is cybersecurity and AI ethics in accounting. AI is handling a ton of financial data, which means accountants also need to understand how to protect that data and comply with financial regulations. If you ever get the chance to take a course or attend a workshop on that, do it—it’s the kind of thing that can set you apart.
At the end, the accountants who thrive in this AI-driven world are the ones who embrace it instead of fearing it. It’s not about fighting against automation—it’s about using it to work smarter, not harder. So if you keep learning, experimenting, and staying open to new tech, you won’t just keep up with the changes—you’ll be ahead of them. Keep going, and all the best! 🤗
Think about it—before AI, accountants spent hours manually reconciling transactions, detecting fraud, and double-checking numbers. Now? AI tools can do that in seconds. But here’s the catch: AI still needs human judgment. It can spit out reports, but it can’t understand the full context behind financial decisions, business strategies, or tax loopholes. That’s where you come in. The more comfortable you are using AI as a tool rather than seeing it as a threat, the better off you’ll be. Because it's not like the world is gonna just throw it away for you, we are developing forward and we have to adapt to the new tech and generation. 🤔
Now, Companies are already integrating AI into accounting software, so if you want to stand out, getting hands-on experience with tools like QuickBooks, Xero, Sage, and even AI-powered Excel features is a game-changer. And if you really want to be ahead of the curve, playing around with data analytics, automation, or even a little Python can give you an edge. You don’t need to become a programmer, but knowing how to automate reports or analyze trends using AI-powered tools makes you way more competitive in internships and jobs.
Another thing that’s becoming super important is cybersecurity and AI ethics in accounting. AI is handling a ton of financial data, which means accountants also need to understand how to protect that data and comply with financial regulations. If you ever get the chance to take a course or attend a workshop on that, do it—it’s the kind of thing that can set you apart.
At the end, the accountants who thrive in this AI-driven world are the ones who embrace it instead of fearing it. It’s not about fighting against automation—it’s about using it to work smarter, not harder. So if you keep learning, experimenting, and staying open to new tech, you won’t just keep up with the changes—you’ll be ahead of them. Keep going, and all the best! 🤗
That's awesome! Big thanks to Chinyere Okafor for the support! Always great to see knowledge being shared and appreciated.
Dr H
Updated
Sneha’s Answer
Hi Anastasiia! AI is rapidly transforming accounting, automating tasks like data entry, auditing, and financial analysis, but accountants who adapt to AI tools will stay in demand. Instead of replacing accountants, AI enhances decision-making, fraud detection, and financial forecasting. To stand out, learn AI-driven accounting software (QuickBooks AI, Xero, SAP), data analytics (Power BI, Tableau), and basic Python for financial modeling. If you’re aiming for competitive internships or programs, gaining experience in RPA (Robotic Process Automation), machine learning basics, and cloud accounting platforms will set you apart. Good luck!
Chinyere Okafor
Educationist and Counseling Psychologist
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Chinyere’s Answer
Hello Anastasiia,
I must say that I’m impressed that you are very proactive in exploring AI! It’s a smart move, especially as the accounting field is evolving with technology. AI is certainly making waves in the industry by automating tasks like data entry, reconciliations, and even parts of auditing. This means accountants can now focus on more strategic and analytical work, but it also means the profession is shifting, and staying competitive requires staying adaptable.
To really stand out, focus on the skills that AI can’t replicate, like critical thinking, problem-solving, and interpreting data in ways that require human insight. Employers value accountants who can not only use AI tools but also add the human touch by applying ethical judgment and understanding client needs. Developing a strong mix of technical expertise and these interpersonal skills will give you an edge.
If you’re looking to build your AI knowledge, start with tools used in the accounting world. Software like QuickBooks, Xero, and cloud-based accounting systems are incorporating AI capabilities. Learning data analysis tools like Power BI, Tableau, and advanced Excel will also serve you well. If you’re up for the challenge, exploring platforms like Python for machine learning basics or robotic process automation tools like UiPath can make you stand out even more. Some firms are even using advanced analytics platforms like Alteryx, so getting comfortable with those could be a big plus.
Keep doing what you’re doing, attending events and staying curious is the perfect way to stay ahead. Combine that drive with a strong foundation in accounting, and you’ll position yourself as someone who can thrive in this dynamic field. You’re on a great path
Best wishes!
I must say that I’m impressed that you are very proactive in exploring AI! It’s a smart move, especially as the accounting field is evolving with technology. AI is certainly making waves in the industry by automating tasks like data entry, reconciliations, and even parts of auditing. This means accountants can now focus on more strategic and analytical work, but it also means the profession is shifting, and staying competitive requires staying adaptable.
To really stand out, focus on the skills that AI can’t replicate, like critical thinking, problem-solving, and interpreting data in ways that require human insight. Employers value accountants who can not only use AI tools but also add the human touch by applying ethical judgment and understanding client needs. Developing a strong mix of technical expertise and these interpersonal skills will give you an edge.
If you’re looking to build your AI knowledge, start with tools used in the accounting world. Software like QuickBooks, Xero, and cloud-based accounting systems are incorporating AI capabilities. Learning data analysis tools like Power BI, Tableau, and advanced Excel will also serve you well. If you’re up for the challenge, exploring platforms like Python for machine learning basics or robotic process automation tools like UiPath can make you stand out even more. Some firms are even using advanced analytics platforms like Alteryx, so getting comfortable with those could be a big plus.
Keep doing what you’re doing, attending events and staying curious is the perfect way to stay ahead. Combine that drive with a strong foundation in accounting, and you’ll position yourself as someone who can thrive in this dynamic field. You’re on a great path
Best wishes!
Updated
Patrick’s Answer
Anastasiia, please understand that the rapid advancements in AI are profoundly reshaping the accounting profession, automating tasks that were once time-consuming and repetitive, such as data entry, transaction processing, and reconciliations. AI-driven tools are increasingly being used to enhance financial analysis, improve forecasting accuracy, and assist in fraud detection by analyzing large datasets more efficiently than traditional methods. As an accounting student, this evolving landscape presents both challenges and opportunities. AI will undoubtedly alter the nature of accounting roles by reducing the need for manual, routine tasks, but it will also elevate the demand for professionals who can interpret AI-generated insights, make strategic decisions, and engage in higher-value activities like advisory and consulting. To stand out in this transformation, it’s crucial to adapt by gaining proficiency in AI-related tools and technologies.
To stay ahead of the curve, it’s essential to familiarize yourself with specific AI tools that are already making waves in the accounting industry. Learning data analytics tools such as Tableau, Power BI, and Alteryx will allow you to analyze large datasets and extract meaningful insights, a skill increasingly valuable in today's data-driven business environment. Additionally, gaining a foundational understanding of machine learning and natural language processing (NLP) can offer you the ability to work with predictive analytics and automate financial reporting processes. Becoming proficient in accounting-specific AI applications, such as CaseWare for auditing or Botkeeper for bookkeeping automation, will further enhance your value. Familiarity with programming languages like Python and R can also provide an edge, as these languages are widely used in data analysis and AI development.
As you prepare for a competitive program or internship, it’s vital to continue building a solid foundation in accounting while integrating AI knowledge into your skill set. Stay engaged with the latest industry trends by attending events, webinars, and conferences, as you've been doing, to learn about the practical applications of AI in accounting. You should also seek out opportunities for hands-on experience, whether through internships, projects, or certifications in AI or data analytics. Gaining knowledge through platforms like Coursera, edX, or Udemy that offer AI and machine learning courses tailored to accounting will also be highly beneficial. Additionally, networking with professionals who specialize in both accounting and AI can offer valuable insights into how you can apply these technologies in real-world scenarios. By positioning yourself as someone who understands both the intricacies of accounting and the potential of AI, you’ll be well-prepared to stand out in a competitive job market and contribute meaningfully to the future of the accounting industry.
To stay ahead of the curve, it’s essential to familiarize yourself with specific AI tools that are already making waves in the accounting industry. Learning data analytics tools such as Tableau, Power BI, and Alteryx will allow you to analyze large datasets and extract meaningful insights, a skill increasingly valuable in today's data-driven business environment. Additionally, gaining a foundational understanding of machine learning and natural language processing (NLP) can offer you the ability to work with predictive analytics and automate financial reporting processes. Becoming proficient in accounting-specific AI applications, such as CaseWare for auditing or Botkeeper for bookkeeping automation, will further enhance your value. Familiarity with programming languages like Python and R can also provide an edge, as these languages are widely used in data analysis and AI development.
As you prepare for a competitive program or internship, it’s vital to continue building a solid foundation in accounting while integrating AI knowledge into your skill set. Stay engaged with the latest industry trends by attending events, webinars, and conferences, as you've been doing, to learn about the practical applications of AI in accounting. You should also seek out opportunities for hands-on experience, whether through internships, projects, or certifications in AI or data analytics. Gaining knowledge through platforms like Coursera, edX, or Udemy that offer AI and machine learning courses tailored to accounting will also be highly beneficial. Additionally, networking with professionals who specialize in both accounting and AI can offer valuable insights into how you can apply these technologies in real-world scenarios. By positioning yourself as someone who understands both the intricacies of accounting and the potential of AI, you’ll be well-prepared to stand out in a competitive job market and contribute meaningfully to the future of the accounting industry.
Updated
Rosa’s Answer
AI is proving to be highly useful in all files. As well in accounting it's effects are great . It is useful in helping to do tasks that might required several hours you can cut down the time even by half by applying AI and you will end up with a completed task that you clearly understand. I would recommend learning some accounting software because companies are likely to integrate AI into the same software. Apart from that enroll into AI courses and use tools like Copilot, QuickBooks or Xero. Examples are endless but you can choose others as per your preference. Use AI to your advantage instead of getting over swamped by tasks and recalculating things that are not balancing. I hope you will learn new skills in the area.