Assessment Task: Review and Analysis of Artificial Intelligence in Accounting, Finance, and/or
Business
Plagiarism is strictly treated
Word Limit: 2500 words
Reference style: APA – Number of references: A minimum of one reference per 250 words (or 10
references) is expected for this essay.
Instructions: In this assessment task, you are required to critically review and analyze the use of
Artificial Intelligence (AI) in the fields of accounting, finance, and/or business. You should explore
the impact of AI technologies on various aspects of these domains and assess their benefits,
challenges, and future prospects.
Your review and analysis should include the following key elements:
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Introduction to AI in Accounting, Finance, and/or Business (approximately 300 words)
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Define Artificial Intelligence and provide an overview of its applications in
accounting, finance, and/or business contexts.
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Explain the significance of AI in enhancing decision-making processes, improving
efficiency, and enabling automation.
Benefits of AI in Accounting, Finance, and/or Business (approximately 600 words)
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Identify and discuss specific examples of AI applications in accounting, finance,
and/or business.
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Analyze the advantages and benefits that AI offers in these areas, such as improved
accuracy, enhanced data analysis capabilities, and increased productivity.
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Illustrate real-world case studies or success stories that demonstrate the positive
impact of AI implementation.
Challenges and Limitations of AI in Accounting, Finance, and/or Business (approximately 800
words)
Evaluate the challenges and limitations associated with the use of AI in accounting, finance, and/or
business.
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Discuss potential risks, such as data privacy and security concerns, algorithmic
biases, and ethical considerations.
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Examine the potential impact of AI on employment and workforce dynamics.
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Address the limitations of AI technologies, such as their inability to replicate
human judgment and handle complex or ambiguous situations.
Future Trends and Outlook (approximately 500 words)
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Explore emerging trends and developments in AI that are likely to shape the
future of accounting, finance, and/or business.
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Discuss the potential implications of these trends on industry practices, job roles,
and skill requirements.
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Provide recommendations for businesses and professionals to adapt to the
evolving AI landscape and leverage its benefits effectively.
Conclusion (approximately 100 words)
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Summarize the key findings and insights from your review and analysis.
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Reiterate the importance of AI in accounting, finance, and/or business and its
potential for driving innovation and transformation.
General Requirements:
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Your assessment should be well-structured and organized, with clear headings and
subheadings to guide the reader.
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Support your analysis with relevant examples, research studies, and scholarly sources to
validate your arguments.
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Ensure proper referencing and citation using APA referencing style
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The word limit for this assessment task is 2500 words (±10%). Marks may be deducted for
exceeding this limit or falling significantly short.
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Plagiarism will not be tolerated. Ensure that all sources are appropriately cited and referenced.
Note: This assessment task aims to evaluate your understanding of AI in accounting, finance,
and/or business, as well as your ability to critically analyze its applications and implications. Take
into account the most recent research and developments in the field to provide an up-to-date and
comprehensive review.
Meeting deadlines: Assessment tasks submitted acer the due date, without prior
approval/arrangement will be penalised. Request for an extension must be made with the lecturer
concerned and based on ‘Special Consideration’ guidelines.
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Additional information:
• Use 12 point Times font with 2 cm margins on your page and 1.5 line spacing.
• Remember to reference your writing and include a reference list at the end of the essay.
Ensure the reference list is in alphabetical order (of the author’s surname).
• Evidence of the use of references is expected throughout the essay.
• No abstract/executive summary required for the essay.
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