Artificial Intelligence and Electronic Accounting Disclosure: An Analytical Study

Аннотация

This study aims to examine Accounting Information, Financial Market and Investors: Who is the first to caput the Impact of Covid-19. financial market and investors are faster than accounting information in capturing the impact of covid 19, as although the accounting information has indicated a decrease in the profitability of companies, it is not statistically noticeable, and that the financial market and through the market returns of shares was the most affected by the investors Because the level of sig morale difference between its averages before and after covid 19 was the smallest, and the effect of covid 19 was inversely in stock returns as the results indicated a decrease in the average returns, and the effect of covid 19 was directly proportional to the volume of shares traded by investors, as the results showed an increase in the average volume Trading in the period after covid 19 compared to before Keywords: Accounting Information, Financial Market and Investors and Covid-19. Introduction: The year 2020 first quarter was very challenging for many enterprises . At the onset of 2020, a lot of companies were taking steps towards achieving some level of growth in their businesses for the coming Journal of Social Sciences and Humanities Research Fundamentals 43 https://eipublication.com/index.php/jsshrf Journal of Social Sciences and Humanities Research Fundamentals financial year but upon reaching mid-March, spread rapidly across borders causing a global pandemic everything was at a standstill worldwide because of the that was declared by the World Health Organization COVID-19 pandemic (Sangster, Stoner, & Flood, 2020). (WHO). The global outbreak had far-reaching effects on This led to the issuance of movement restrictions by the economy. Thankfully, China has been able to most governments around the world to contain the manage the COVID-19 crisis, and most sectors of the virus (Chetty et al., 2020). Not only that but there was economy have resumed their operations (Fernandes, also a complete closure of many sectors hence 2020). Nonetheless, the world is still grappling with the paralyzing numerous economic activities (Coates et al., question of COVID-19 influence on economic growth. As 2020). The financial effect on various sectors may, such, we have combined various models of economic nonetheless, not be so serious as the one forecasted cycles with industry accounting information from due to the fact that there was still some time left different sectors so as to create sets of industry- before the world officially declared Covid-19 a accounting indices for comparing COVID-19 impacts on pandemic in March 31, 2020 (Somani et al., 2020). various sectors within the Chinese economy (Aktar, Nevertheless, it is anticipated that the upcoming Alam, & Al-Amin, 2019). reports from other large economies might reveal significant reversals than earlier expected. It is not 2. Literature review clear yet how far the pandemic will go and how many units of the goods will be affected in the process . 2.1 Accounting information Therefore, it is necessary to conduct additional analysis Accounting information is an extensive and elaborate taking into account investor relations (Aziz et al., documentation of the financial transactions within an 2020). The disease knowledge among individuals has organization which mirrors how value moves at the grown, and there have been declining trends in cases micro level (2019) but still it can also address the issues noted across several countries but this does not rule of the macroeconomy through the sum of all out high risks throughout the remaining part of this companies’ accounts . In relation to similar research year. It is almost time for the next financial statement works he argued that accounting information serves as period, which will be on June 30, 2020. This paper the main indicator of economic growth while there is no presents some of the key issues that were seen on any connection between them with stock prices or financial statements of March 31, 2020 and provides monetary policy; this is because accounting information tips on what should be expected very soon as far as mainly helps in guessing the GDP growth rate while it is forthcoming financial results are concerned. Over the not related to stock or money market variables in any past years, global communication development has way . This study tried to establish whether or not the been noted as it affects economic status aggregated financial statement variables provide any (Dzhavdatovna & Azimovich, 2020). Financial information about future GDP growth employing a statements prepared based on national accounting theoretical framework that extends from micro data to standards must undergo examination and analysis if macroeconomic forecasts . It was found that the they are to form a basis for comparison. This is because combined financial statement variables could forecast different countries have different national acco