Management Accounting Practices and Accounting Education in the Era of Artificial Intelligence

Abstract

This paper examines the impact of AI and digital technology on management accounting and accounting education. With rapid advances in AI, the role of accountants is shifting toward higher-value tasks such as judgment and advice. Furthermore, recent developments represented by the Multimodal Foundation Model (MFM) have made it easier to apply AI technology. On the other hand, most AI technologies applied at practical level are limited to replacing or supporting work by so-called narrow AI, with clear or limited objectives. In other words, the use of AI is found to be limited in high-level judgments and decision-making involving ethics and values.