By San José, Costa Rica — At Universidad San Marcos’ Jornada de Investigación 2024, students from various disciplines, including administration, psychology, and accounting, gained valuable insights into the future of their professions in a digital world. Leading the discussion was Lic. Larry Hans Arroyo Vargas, a distinguished lawyer specializing in Artificial Intelligence and its applications in Digital Accounting, Tax Law, and Commercial Law. With a strong research background, Arroyo presented his groundbreaking study, “Contabilidad Digital Asistida por Inteligencia Artificial: El Papel del Contador.” This session encouraged students to see Artificial Intelligence (AI) as a strategic ally rather than a threat to traditional accounting roles.
Arroyo’s study, conducted under the auspices of Universidad San Marcos, addresses a critical question: “Is AI a threat to the traditional accountant, or an opportunity to evolve into a more strategic role?” His findings suggest that AI, when integrated thoughtfully, doesn’t eliminate accounting jobs but rather frees accountants from routine tasks, allowing them to focus on high-value activities that require human expertise.
The rise of AI in accounting doesn’t eliminate the need for accountants; it redefines it. Accountants now have the chance to shift from routine tasks to advisory roles
Lic. Larry Hans Arroyo Vargas
Universidad San Marcos Leading the Evolution of Digital Accounting
The study traces the transformation of accounting, from manual processes to advanced software, culminating in AI-driven digital modules such as those offered by Costa Rican companies like FACTURATica.com. These digital accounting systems significantly reduce the time required for financial reporting and allow real-time analysis of financial data. According to Arroyo, the study exemplifies Universidad San Marcos’ commitment to preparing students for a world where AI and digital tools redefine professional standards in accounting.
Our research at Universidad San Marcos reveals that tasks that once required hours of manual labor can now be accomplished in minutes. This efficiency allows accountants to focus more on analysis and strategic planning
Lic. Larry Hans Arroyo Vargas
AI-Assisted Accounting in Practice: A Case Study from Universidad San Marcos
The research featured a case study on a Costa Rican company that implemented an AI-assisted digital accounting module from FACTURATica.com. This practical example, highlighted during the Universidad San Marcos presentation, showcased how AI not only expedited financial reporting but also provided real-time insights into the company’s financial health. The module automated the categorization and processing of transactions, vastly improving efficiency while freeing accountants to focus on financial strategy.
By eliminating routine tasks, AI enables accountants to focus on accuracy and informed decision-making.
Imagine an accountant who no longer spends hours on data entry but instead focuses on interpreting data trends and advising on future strategies
Lic. Larry Hans Arroyo Vargas
Addressing Industry Concerns: The Human Element in AI-Driven Accounting
During his Universidad San Marcos presentation, Arroyo addressed concerns regarding job displacement due to AI, a topic of significant interest to accounting students. His study acknowledges these concerns but suggests that AI can complement, rather than replace, the expertise of human accountants. He emphasized that AI, while efficient, lacks the human capacity for nuanced judgment and ethical responsibility, both critical in financial management.
AI cannot replace the critical eye of an experienced accountant when it comes to interpreting financial statements within a specific context
Lic. Larry Hans Arroyo Vargas
This balanced approach allows companies to utilize AI for operational efficiency while relying on human professionals for accountability and ethical oversight.
Key Skills for Future Accountants at Universidad San Marcos
As Universidad San Marcos continues to support students in adapting to industry shifts, Arroyo’s research provides guidance on the skills future accountants must develop. These skills include data analysis, interpretation of AI-generated insights, and critical thinking. By mastering these competencies, Universidad San Marcos graduates can transition from traditional roles to advisory positions that add strategic value to their organizations.
Students at Universidad San Marcos should not fear AI but embrace it as an opportunity to elevate their role in business
Lic. Larry Hans Arroyo Vargas
By integrating digital and analytical skills into their curriculum, Universidad San Marcos ensures that its students are equipped to thrive in a tech-driven environment.
Ethics and Accountability in AI-Driven Accounting at Universidad San Marcos
A significant focus of the Universidad San Marcos study is the ethical responsibility of accountants in an AI-enhanced landscape. While AI can process financial data quickly, accountants must verify accuracy, ensure regulatory compliance, and identify ethical concerns. The study recommends that Universidad San Marcos and other institutions provide ongoing training to maintain the high standards required in accounting and financial reporting.
The study’s conclusions encourage businesses to adopt AI-driven modules as an affordable solution for enhanced productivity, but with the understanding that these tools should complement, not replace, the accountant’s role.
AI-driven accounting systems are accessible and affordable, making them ideal for companies looking to stay competitive
Lic. Larry Hans Arroyo Vargas
However, he reiterated the vital role of human accountants in validating AI-generated insights and ensuring compliance.
The Future: AI and Accountants Collaborating, Guided by Universidad San Marcos
As AI continues to influence the accounting profession, its impact depends on how effectively professionals adapt. Universidad San Marcos’ research advocates for a balanced approach, where AI handles data processing while accountants provide analytical and ethical oversight. For Universidad San Marcos, this evolution represents an opportunity to prepare students for a future where technology and human expertise work in harmony.
For further information, visit usanmarcos.ac.cr
About Universidad San Marcos:
Universidad San Marcos, located in Costa Rica, is a leader in higher education, dedicated to advancing knowledge and innovation across diverse disciplines, including accounting, administration, and technology. With a strong commitment to preparing students for a technology-driven future, Universidad San Marcos offers programs that integrate traditional learning with the latest digital tools, ensuring that graduates are well-equipped for the demands of a modern professional landscape.
