The impact of artificial intelligence applications on the development of the accounting profession: A case study on the Libyan Iron and Steel Company – Misrata
DOI:
https://doi.org/10.37375/abhat.v18i1.3933Keywords:
Artificial intelligence, accounting profession, Libya, technology adoptionAbstract
The aim of this study is to examine the impact of artificial intelligence (AI) in enhancing financial accounting practices within the Libyan Iron and Steel Company. To achieve this objective, the study employed a structured questionnaire distributed randomly to 35 employees working in financial departments, of which 34 valid responses were returned and analyzed. The findings revealed a statistically significant effect of AI awareness on the development of financial accounting practices, indicating that higher levels of knowledge and understanding of AI tools positively influence employees’ ability to adopt and apply these technologies. The results also confirmed that artificial intelligence contributes effectively to improving the accuracy, speed, and overall quality of accounting processes within the company. However, the study identified several technical, human, and administrative challenges—such as limited technological infrastructure, insufficient training, and resistance to change that impede the broader integration of AI in the accounting environment.
The study recommends increasing awareness and training programs on artificial intelligence for financial employees, investing in modern digital systems and infrastructure that support AI applications, and adopting organizational strategies aimed at overcoming institutional and human barriers. These steps are essential for enabling the company to fully benefit from AI technologies and to enhance the effectiveness, reliability, and future readiness of its financial accounting operations.
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