Author(s)

Lin Lin ^1,2, Shuwei Yu ³

Affiliation(s)

¹ Yunfan Primary School, Qiantang District, Hangzhou, Zhejiang, 310018, China
² Accounting Center of Qiantang District Education Bureau, Hangzhou, Zhejiang, 310018, China
³ China Jiliang University, Hangzhou, Zhejiang, 310018, China

Corresponding Author

Lin Lin

ABSTRACT

The integration of artificial intelligence (AI) into educational financial management represents a significant leap forward for academic institutions, addressing longstanding challenges of efficiency, accuracy, and strategic planning. This article has explored the multifaceted impact of AI on the financial operations within educational settings, emphasizing the automation of routine tasks, enhanced predictive analytics for budgeting, and the strategic allocation of resources. Case studies highlight the tangible benefits of AI applications, showcasing improved efficiency and decision-making in real-world educational finance settings. However, the transition to AI-driven systems is accompanied by challenges such as cultural resistance, privacy concerns, and the need for new regulatory frameworks. The conclusion emphasizes that while AI has the potential to significantly reform educational financial management, the integration of these technologies must be approached with consideration for both the technical and human aspects of these changes. This balanced approach ensures that AI serves as a complement to human expertise, guiding educational institutions towards more informed and effective financial governance.

KEYWORDS

Artificial Intelligence, Educational Financial Management, Predictive Analytics, Automation, Strategic Resource Allocation

CITE THIS PAPER

Lin Lin, Shuwei Yu, The Transformative Impact of Artificial Intelligence on Educational Financial Management. Accounting and Corporate Management (2023) Vol. 5: 15-21. DOI: http://dx.doi.org/10.23977/acccm.2023.051203.

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