Artificial systems can be very powerful and are improving quickly. They provide outputs that can be extremely accurate. But they cannot replicate human intelligence. Due to development in information technology artificial intelligence has gained a lot of importance. The application of artificial intelligence in the field of accounting and finance is also increasing day by day. It has brought widespread changes and development in the accounting industry. This paper studies the applications of artificial intelligence in the field of accounting. This paper also studies the limitations of the applications of artificial intelligence in the field of accounting. This paper also gives suggestions on improving the effectiveness of artificial intelligence applications in the accounting field.

KEYWORDS:  Artificial Intelligence, Accounting, Accounting Applications.