Management Accounting Section Midyear Meeting

Review of AI Applications in Management Accounting Research and An Example of Automatic Ordering Strategy with Reinforcement Learning

• In Event: Break/Research Exhibition 3: Incentives and Cost Management

Abstract

The rapid development of artificial intelligence has brought unprecedented opportunities and challenges to management accounting. Although the application of artificial intelligence in management accounting is still in its infancy, previous literature has produced some preliminary findings. This study systematically reviews and discusses three learning models and eight algorithms in popular artificial intelligence applications, especially how they can be applied in management accounting. In addition, this study uses inventory management as an example to discuss how artificial intelligence can assist management accounting intellectualization and design an automatic ordering system to demonstrate the potential ability of artificial intelligence to transcend human managers. Some suggestions about how to further development the application of artificial intelligence in management accounting are also provided.

Authors

• Yasheng Chen, Xiamen University

• Xin Xu, Xiamen University

• Feng Xiong, Xiamen University