ACCM 4600 Evaluating Information Resources and Research Plan

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The purpose of this report is to understand Artificial Intelligence (AI) and its impacts on accounting businesses. AI is a concept used in the modern accounting field as it denotes an area of computer science that involves creation of intelligent machines that work and react like humans. In AI, machines are designed and programmed to ‘think’ and act like human and impersonate the way a professional acts. The idea behind AI is its ability to rationalise and take actions that help in achieving a specific goal or objective as well as exhibiting characteristics associated with human mind like solving problems and learning. Technology has significantly changed the work of accountants in the recent decades. According to a recent MIT- Boston Consulting Group survey conducted on over 3,000 business executives, the findings indicated that over 80% of executives in the accounting field believe AI increases competitive advantage and 79% believe that it increase organisational productivity. This report further analyses the opportunities and threats of the use of artificial intelligence in the accounting field.

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Description

Assessment Information
Subject Code: ACCM 4600
Subject Name: Accounting Theory and Contemporary Issues
Assessment Title: Individual case study
Weighting: 50% of overall subject mark; please note that you must pass
the final exam (50%) to successfully complete this subject.
Total Marks: 50 Marks; Part 1- 10 marks and Part 2 – 40 marks
Due Date: Part 1 – 10 Marks: due Monday 10 December 2018 (week 5)
Part 2 – 40 Marks: due Monday 21 January 2019 (week 10)
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Assessment Description

Subject Learning Outcome 1:
Research and argue a position in regard to a contemporary issue in the accounting profession
Submission:
The written assignment will need to be submitted electronically through the student portal – use the link
under “Assessments” to submit the information via turnitin. (The portal will close at 19.55 AEST – Please
note to adjust for the time difference if needed)
Required:
Write a report based on the assignment details noted below. Your final report (Part 2) should be
approximately 3000 words not including references, abstract and appendices. You should include a word
count on your report. Submissions that exceed the word count by more than 10% will cease to be marked
from the point at which that limit is exceeded.
The Assignment is designed to test the following skills:
1. Your knowledge, your ability to research the issues and then critically analyse the information
appropriately using judgement to answer the research questions raised.
2. Your communication skills – report writing
Please make sure you follow the guidelines noted in your subject outline especially those relating to
presentation of written work, late policy and academic integrity. You should also familiarise yourself
with the assessment marking rubric (a separate document) to guide you in how you can score marks.
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Assessment Information
Individual Research Assignment – Case Study
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ANSWER

Evaluating Information Resources and Research Plan. The purpose of this report is to understand Artificial Intelligence (AI) and its impacts on accounting businesses. AI is a concept used in the modern accounting field as it denotes an area of computer science that involves creation of intelligent machines that work and react like humans. In AI, machines are designed and programmed to ‘think’ and act like human and impersonate the way a professional acts. The idea behind AI is its ability to rationalise and take actions that help in achieving a specific goal or objective as well as exhibiting characteristics associated with human mind like solving problems and learning. Technology has significantly changed the work of accountants in the recent decades. According to a recent MIT- Boston Consulting Group survey conducted on over 3,000 business executives, the findings indicated that over 80% of executives in the accounting field believe AI increases competitive advantage and 79% believe that it increase organisational productivity. This report further analyses the opportunities and threats of the use of artificial intelligence in the accounting field. Evaluating Information Resources and Research Plan. Evaluating Information Resources and Research Plan.