The Role of AI in Enhancing Decision-Making in Management Accounting

Abstract

Artificial Intelligence (AI) is revolutionizing the field of management accounting by enhancing the quality, speed, and accuracy of decision-making processes. The integration of AI tools such as machine learning, natural language processing, and predictive analytics enables management accountants to move beyond traditional reporting functions to strategic decision support. AI facilitates real-time data analysis, identification of patterns, and generation of insights that support budgeting, forecasting, performance measurement, and cost control. By automating routine tasks, AI allows accountants to focus on value-added activities, thereby improving strategic planning and organizational efficiency. This paper explores the transformative role of AI in management accounting and its implications for better-informed, data-driven managerial decisions.