Machine learning in management accounting research: Literature review and pathways for the future

2021

This paper explores the possibilities of machine learning (ML) methods in management accounting research and showcases one future avenue in practice by applying ML-based textual literature review to ML/AI research in accounting. The review reveals that machine learning methods in management accounting (MA) are still in their infancy, and current research in accounting has progressed in and focused mainly on three areas related to ML and AI: 1) effects on the field of accounting and the development of the accounting profession, 2) textual analysis related to accounting data/reports, and 3) prediction methods. Based on our literature review and recently published related ML research from othe…