Applying/Uses of Expert System (ES) in Accounting:
The first application of computers in business functions was in accounting area.
Now use of Expert Systems in functional area of business like accounting is
growing.
a. Taxation:
Expert Systems decide how to minimize taxes as returns are being prepared and
also how to minimize future taxes.
b. Strategic Matters:
Expert Systems determine financing strategies, how to treat leases and foreign
exchanges, merger and acquisition strategies, and pension related issues.
c. Auditing:
Expert Systems formulate audit objectives and procedures.
d. Internal Control:
Expert Systems pinpoints weaknesses in a company's internal accounting system
and recommend corrections.
e. Account Analysis:
Expert Systems determine the adequacy of account balances in a company.
f. Training:
Expert Systems simulate decision making scenarios for new hires and either give
them expert guidance or show them how an expert would handle matters.
g. Management Consulting:
Expert Systems help clients solve various general business problems with Expert
Systems routines.
Difference Between ES And DSS:
An Expert System is very similar to DSS in a way, that both are intended to
provide a high level of problem-solving support to their users. However, the
both organizational data processing systems differ in three major ways.
First, a DSS consists of routines that reflect how the manager believes a
problem should be solved, as well as the manager's style and capabilities. An
Expert System offers the opportunity to make decisions that exceed the manager's
capabilities.
Secondly, an Expert System has the ability to explain its line of reasoning
in reaching a particular solution. Very often, the explanation of how a solution
was reached is more valuable than the solution itself.
Third, MIS, DSS, and ES are all tools for decision making built on valid
database, while MIS and DSS use only database, ES uses knowledge base derived
from the experts in the area.
|
