{"id":1690,"date":"2023-12-16T15:11:06","date_gmt":"2023-12-16T20:11:06","guid":{"rendered":"https:\/\/sites.miamioh.edu\/doamu\/?p=1690"},"modified":"2023-12-16T15:11:06","modified_gmt":"2023-12-16T20:11:06","slug":"accountancy-faculty-team-presents-on-the-integration-of-generative-ai-in-the-accountancy-curriculum","status":"publish","type":"post","link":"https:\/\/sites.miamioh.edu\/doamu\/2023\/12\/accountancy-faculty-team-presents-on-the-integration-of-generative-ai-in-the-accountancy-curriculum\/","title":{"rendered":"Accountancy Faculty Team Presents on the Integration of Generative AI in the Accountancy Curriculum"},"content":{"rendered":"\n<p>This fall, a faculty team comprising Professors Qing Burke, Po-Chang Chen, and Jonathan Pyzoha took part in the <a href=\"https:\/\/miamioh.edu\/howe-center\/hwac\/writing-fellows\/index.html\">Howe Writing Fellows Program<\/a>, a semester-long commitment in which teams of faculty members from across Miami University develop a project to use writing to encourage deep student learning of material in their specific disciplines. The accountancy faculty team focused on the use of generative AI, a tool that is increasingly used in both academia and the accounting profession.<\/p>\n\n\n\n<p>The project culminated in a presentation on December 11, attended by accountancy faculty members as well as other program participants. The accountancy team&#8217;s presentation introduced the threshold concepts in the accountancy curriculum, highlighting three aspects:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Accounting is a <strong>dynamic process<\/strong> of recording, measuring, and reporting financial and nonfinancial information.<\/li>\n\n\n\n<li>Central to this process is the application of <strong>professional judgments and estimates<\/strong>, which results in <strong><em>inherent ambiguity<\/em><\/strong> instead of rigid numbers.<\/li>\n\n\n\n<li>While the goal of accounting is to facilitate decision-making of <strong>stakeholders<\/strong>, accounting itself is influenced by the incentives of stakeholders through <strong>professional judgments and estimates.<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Faculty members shared how generative AI is currently used in the accounting field to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>increase <strong>efficiency<\/strong> and <strong>data reliability<\/strong> by <strong>automating routine tasks<\/strong><\/li>\n\n\n\n<li>enhance financial <strong>analysis and planning<\/strong> based on data and trends<\/li>\n\n\n\n<li>improve <strong>auditing and risk assessment<\/strong><\/li>\n\n\n\n<li>facilitate compliance and fraud detection by <strong>identifying patterns and anomalies<\/strong><\/li>\n<\/ul>\n\n\n\n<p>In summary, AI is helpful in automating routine tasks and detecting patterns and anomalies, but falls short in replacing professional judgment, especially in complex and ambiguous situations. Students (and accountants) must develop a deep understanding of business problems and learn to critically evaluate AI&#8217;s output when incorporating it in decision-making.<\/p>\n\n\n\n<p>The team also conducted a survey of the accountancy faculty&#8217;s current usage, familiarity, and beliefs about the use of AI in the classroom. They proposed guiding principles on allowing students the judicious use of generative AI as a tool for enhancing their writing and critical thinking skills. They also provided sample syllabus language for educators to consider to guide students in the appropriate use of AI in their courses and projects.<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/sites.miamioh.edu\/doamu\/files\/2023\/12\/Presenter_Chen_web-2.jpg\" alt=\"Close-up photo of Professor Po-Chang Chen speaking during a presentation.\" class=\"wp-image-1706\" width=\"418\" height=\"557\" srcset=\"https:\/\/sites.miamioh.edu\/doamu\/files\/2023\/12\/Presenter_Chen_web-2.jpg 418w, https:\/\/sites.miamioh.edu\/doamu\/files\/2023\/12\/Presenter_Chen_web-2-225x300.jpg 225w\" sizes=\"auto, (max-width: 418px) 100vw, 418px\" \/><figcaption class=\"wp-element-caption\">Po-Chang Chen, Accountancy Professor<\/figcaption><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-top is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image alignleft size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/sites.miamioh.edu\/doamu\/files\/2023\/12\/Liz-Wardle-2_web-1-e1702693556572.jpg\" alt=\"Photo of Elizabeth Wardle, Director of Howe Writing Center\" class=\"wp-image-1704\" width=\"418\" height=\"557\" \/><figcaption class=\"wp-element-caption\">Elizabeth Wardle, Director of the Roger and Joyce Howe Center for Writing Excellence<\/figcaption><\/figure>\n<\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"405\" src=\"http:\/\/sites.miamioh.edu\/doamu2\/files\/2023\/12\/Banner2_web-1024x405.jpg\" alt=\"Professors Chen and Pyzoha presenting their project on AI in the Accounting Curriculum\" class=\"wp-image-1697\" srcset=\"https:\/\/sites.miamioh.edu\/doamu\/files\/2023\/12\/Banner2_web-1024x405.jpg 1024w, https:\/\/sites.miamioh.edu\/doamu\/files\/2023\/12\/Banner2_web-300x119.jpg 300w, https:\/\/sites.miamioh.edu\/doamu\/files\/2023\/12\/Banner2_web-768x304.jpg 768w, https:\/\/sites.miamioh.edu\/doamu\/files\/2023\/12\/Banner2_web.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>This fall, a faculty team comprising Professors Qing Burke, Po-Chang Chen, and Jonathan Pyzoha took part in the Howe Writing Fellows Program. <\/p>\n","protected":false},"author":2567,"featured_media":1694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[2,4],"tags":[],"class_list":["post-1690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-latest-news"],"_links":{"self":[{"href":"https:\/\/sites.miamioh.edu\/doamu\/wp-json\/wp\/v2\/posts\/1690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.miamioh.edu\/doamu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sites.miamioh.edu\/doamu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sites.miamioh.edu\/doamu\/wp-json\/wp\/v2\/users\/2567"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.miamioh.edu\/doamu\/wp-json\/wp\/v2\/comments?post=1690"}],"version-history":[{"count":0,"href":"https:\/\/sites.miamioh.edu\/doamu\/wp-json\/wp\/v2\/posts\/1690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sites.miamioh.edu\/doamu\/wp-json\/wp\/v2\/media\/1694"}],"wp:attachment":[{"href":"https:\/\/sites.miamioh.edu\/doamu\/wp-json\/wp\/v2\/media?parent=1690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.miamioh.edu\/doamu\/wp-json\/wp\/v2\/categories?post=1690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.miamioh.edu\/doamu\/wp-json\/wp\/v2\/tags?post=1690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}