Accounting decision-making

  Chapter 3 of the book distinguishes four different types of analytics: (1) Descriptive Analytics, (2) Diagnostic Analytics, (3) Predictive Analytics, and (4) Prescriptive Analytics. Draw on your experience (from work, university, etc.) and discuss at least one example/scenario for each type of analytics. Be sure to address which question you are addressing with the analysis, why this is important, what data you are using, and what type of analytical procedure is being used. Where does artificial intelligence (AI) fit into accounting decision-making? Search for “accounting artificial intelligence” and read some of the articles that appear (focus on high-quality, reliable sources). What are the main takeaways? What questions do you have after reading the articles?