Like everyone else, I'm eyeball deep in the start of the semester. Hope everyone else is starting to get into a rhythm.
Raef mentioned the "AI Revolution" in a reply last week. I'm a bit more curmudgeonly on AI than many. It's got a place, but it seems a long way from, and increasingly likely not capable of reaching, Star Trek level of computer capability. It does have a nifty bag of tricks though: can get you a decent head start on a presentation, mostly start a routine/form letter, can be a somewhat competent chatbot, coupled with some other tools can automate routine tasks, etc.
So, the question for this week. How and where do you see AI impacting managerial/cost accounting and corporate finance? How might the tool augment what we do? What are ripe areas for research? What are areas likely to be automated?
JP ... Thank you for your post above. I do not have good answers for you. I am also interested in the answers from others.
Because I enjoy implementing activity-based costing (ABC) systems, I wonder if AI can quickly construct one .., or at least start one by creating the ABC "work activity dictionary" used to trace and assign those indirect expenses (i.e., overhead) to product and service line costs.