The Utilization of Artificial Intelligence Technologies in Financial Analysis and Their Application in Accounting Education

Abstract

Verbal information and numerical analytical tools that have been digitized through computers and the internet have artificially acquired a sort of intelligence via artificial intelligence (AI) and become capable of engaging in direct and real-time interaction with humans. AI technologies are causing significant transformations in business operations and, consequently, in the accounting function and education. In this study, we conducted a bibliometric analysis of the use of AI technologies in financial analysis, which is among the major analytical approaches in the fields of finance and accounting and constitutes the focal point of the “Financial Statements Analysis” course. Through the bibliometric analysis method, published academic studies on the use of AI technologies in financial analysis and, specifically, in accounting education within the scope of the “Financial Statements Analysis” ocursa hava been examined using bibliometric data, and AI-focused co-occurring terms within these studies have beben mapped. The study argues that the effective use of AI technologies is possible by progressing step by step and in a controlled manner, and maintaining interaction with AI at each step. In this regard, the study emphasizes that AI technologies should be considered as a decision-support mechanism that complements finance and accounting expertise.