Question

What are some positive impacts of the implementation of artificial intelligence or machine learning that you could use with fund accounting to counteract the issues of agency readiness, budgetary constraints, or security?

Answer 1

Artificial intelligence is almost like an imitation of the human but it's a robot.

Step-by-step explanation:

Artificial intelligence could be used for protecting the security of a mall, bank, and a store. AI can be used to detect a shoplifter before the thief runs out of the store with the stolen item. These can be used to detect errors in funds or losses financially.

FINANCING

AI can do simple math for us in regards to taxes, bills, and finances. They can be smart enough to pay our taxes, and bills for us one day too!

FUND ACCOUNTING is accounting for a budget for such things as;

• endowments
• grants
• general Leger.

An IA can help us maintain thew security of our finances and help us prepare to set up a business or anything that involves investments. An AI can come up with a chart or map of budgetary constants and warn of potential threats to funds.