IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 11 NO. 5 2025
DOI: 10.56201/jafm.vol.11.no5.2025.pg63.82

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Adoption of Artificial Intelligence: A Tool for Decision Making in Accounting Practice

Ayomide Gabriel IGE, Adebimpe Funmilayo ALUKO, Faith Oluwaleke ORIMAYE, Olusola Bamidele ADEBAYO, Taiwo ADENIRAN

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Abstract

Artificial intelligence (AI) is rapidly changing how financial institutions are operated and it is expected to increasingly take over core functions because of cost savings and operational efficiencies. In recent times, significant improvement has been made in artificial intelligence, especially as it relates to accounting profession which has changed its focus from paper and pencil entry to computer and software entry. It has, during the past few years, made many signs of progress which have enabled the creation of professional financing applications, which would, perhaps, enhance the decision-making process of accounting practice. The aim of this study is to examine the adoption of artificial intelligence as a tool for decision making in accounting practice in Nigeria. A structured questionnaire was employed in the study as part of the research design process 279 accountants with experience using systems for accounting and other financial transaction functions made up the sample size and targeted population. The respondents were chosen using a purposive sampling strategy. The study revealed that artificial intelligence (AI) has a significant positive influence on quick decision-making in accounting practices at 5% of significance. The study recommended that accountants need to undergo training and retraining in a variety of AI technologies and accounting software programs, to improve their functional abilities, effectiveness, and efficiency.

keywords:

Accounting practice, Accounting profession, Artificial intelligence, Artificial intelligence technologies, Accounting software programs.

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