Accounting Question

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Review and Analysis of Artificial Intelligence inAccounting, Finance, and/or Business Computerised Accounting and Practice Essay
Assessment Task: Review and Analysis of Artificial Intelligence in Accounting, Finance, and/or
Business
Word Limit: 2500 words
Reference style: APA – Number of references: A minimum of one reference per 250 words (or 10
references) is expected for this essay.
Instructions: In this assessment task, you are required to critically review and analyze the use of
Artificial Intelligence (AI) in the fields of accounting, finance, and/or business. You should explore the
impact of Al technologies on various aspects of these domains and assess their benefits, challenges,
and future prospects.
Your review and analysis should include the following key elements:
-Introduction to Al in Accounting, Finance, and/or Business (approximately 300 words)
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Define Artificial Intelligence and provide an overview of its applications in accounting,
finance, and/or business contexts.
Explain the significance of Al in enhancing decision-making processes, improving efficiency,
and enabling automation.
-Benefits of Al in Accounting, Finance, and/or Business (approximately 600 words)
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Identify and discuss specific examples of Al applications in accounting, finance, and/or
business.
Analyze the advantages and benefits that Al offers in these areas, such as improved accuracy,
enhanced data analysis capabilities, and increased productivity.
Illustrate real-world case studies or success stories that demonstrate the positive impact of
Al implementation.
-Challenges and Limitations of Al in Accounting, Finance, and/or Business (approximately 800 words)
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Evaluate the challenges and limitations associated with the use of Al in accounting, finance,
and/or business.
Discuss potential risks, such as data privacy and security concerns, algorithmic biases, and
ethical considerations.
Examine the potential impact of Al on employment and workforce dynamics.
Address the limitations of Al technologies, such as their inability to replicate human
judgment and handle complex or ambiguous situations.
-Future Trends and Outlook (approximately 500 words)
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Explore emerging trends and developments in Al that are likely to shape the future of
accounting, finance, and/or business.
Discuss the potential implications of these trends on industry practices, job roles, and skill
requirements.
Provide recommendations for businesses and professionals to adapt to the evolving Al
landscape and leverage its benefits effectively.
-Conclusion (approximately 100 words)
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Summarize the key findings and insights from your review and analysis.
Reiterate the importance of Al in accounting, finance, and/or business and its potential for
driving innovation and transformation.
Academic integrity
Note:
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You must not submit for assessment content generated by Artificial Intelligence (“AI”).
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All assessments involving potential use of AI, plagiarism, collusion, cheating and submitting
work that is not your own will be reported as per University policy. Potential academic misconduct
includes similarity to other students work and similarity to the work of others (including textbooks,
journal articles, websites, cheating websites, and AI).
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Resources including Turnitin will be used to identify potential breaches of university policy.
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Plagiarism is strictly treated.
General Requirements:
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Your assessment should be well-structured and organized, with clear headings and
subheadings to guide the reader.
Support your analysis with relevant examples, research studies, and scholarly sources to
validate your arguments.
Ensure proper referencing and citation using APA referencing style
The word limit for this assessment task is 2500 words (±10%). Marks may be deducted for
exceeding this limit or falling significantly short.
Plagiarism will not be tolerated. Ensure that all sources are appropriately cited and
referenced.
Note: This assessment task aims to evaluate your understanding of Al in accounting, finance, and/or
business, as well as your ability to critically analyze its applications and implications. Take into
account the most recent research and developments in the field to provide an up-to-date and
comprehensive review.
Additional information:
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Use 12 point Times font with 2 cm margins on your page and 1.5 line spacing.
Remember to reference your writing and include a reference list at the end of the essay.
Ensure the reference list is in alphabetical order (of the author’s surname).
Evidence of the use of references is expected throughout the essay.
No abstract/executive summary required for the essay.
Marking guidelines