Current Volume 8
Abstract
As the digital business landscape continues to expand, management accounting is being increasingly shaped by the integration of artificial intelligence (AI) into enterprise resource planning (ERP) systems. Traditional ERP systems have been used for years to enable cost control, budgeting, and profitability analysis; however, without intelligent automation, they are not capable of creating real-time adaptive insights. This paper examines the ways in which AI-powered tools—namely machine learning algorithms, predictive analytics, and clever data visualization—are transforming core accounting functions in ERP settings. On the basis of recent developments in AI-enhanced ERP modules and empirical case studies, this study sets out the mechanisms through which AI enables sophisticated cost optimization. They include overhead automation monitoring, real-time variance analysis, and dynamic budget forecasting from historical and contextual finance. In addition, integration through AI offers anomaly detection, continuous cost performance monitoring, and scenario-based simulation that supports strategic financial planning. The research also explores the challenges associated with this transformation, such as data quality, model transparency, and organizational adoption. By assessing the implications for CFOs, controllers, and management for accountants, the article offers an integrative perspective on how AI technologies are revolutionizing accounting accuracy, agility, and decision support capabilities in ERP-enabled environments. Lastly, this study places AI as a facilitator of a paradigm shift in management accounting, one that shifts the focus from past-oriented control to future-facing financial intelligence.
Keywords
AI in ERP, cost management, management accounting, predictive analytics, budgeting automation, profitability analysis, enterprise resource planning, intelligent financial systems, machine learning in accounting, ERP transformation, financial planning optimization, AI-powered forecasting
Citations
IRE Journals:
Abhishek P. Sanakal
"The Future of Management Accounting: AI-Enhanced Cost Control Using ERP" Iconic Research And Engineering Journals Volume 4 Issue 11 2021 Page 450-458
IEEE:
Abhishek P. Sanakal
"The Future of Management Accounting: AI-Enhanced Cost Control Using ERP" Iconic Research And Engineering Journals, 4(11)
About IRE Journals
IRE Journals is an open access online journals established with an aim to publish high quality of research work in various diciplines. We have more than 6 years in publications. Over 2500+ papers already published.
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