Expert Systems In Finance And Accounting

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Expert systems--problem-solving computer programs that contain the encoded knowledge of experts in a specific application area such as financial planning--represent a crucial turning point in how the typical organization utilizes its computer environment. This volume, written for practitioners in finance and accounting as well as MIS managers who wish to broaden their expertise, offers a comprehensive look at the use of expert systems in the everyday operations of finance and accounting. The author presents selected areas that are viable candidates for expert systems, demonstrating the ways in which organizations can successfully augment their present management information systems with expert systems. Actual programs using a typical PC expert system shell (EXSYS) further illustrate the relative ease with which expert systems for finance and accounting can be developed, implemented, and maintained.

Divided into four parts, the book begins by offering a framework for developing expert systems in finance and accounting. In the second part, Thierauf reviews the current state of development for programming languages in expert systems, the computer hardware necessary to run expert systems, and expert system shells useful in developing business expert systems. Part three presents an in-depth examination of the procedures used in developing expert systems, while the final part focuses on typical applications of expert systems in finance and accounting. Following a chapter on general business and nonbusiness applications, Thierauf addresses finance applications of expert systems and then uses the EXSYS program to develop demonstration and field prototypes and operational expert systems for standard finance applications. The final two chapters take the same approach to accounting applications. An appendix lists vendors of artificial intelligence/expert systems hardware and software.

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Product Details

  • ISBN-13: 9780899304762
  • Publisher: ABC-CLIO, Incorporated
  • Publication date: 1/19/1990
  • Pages: 290
  • Product dimensions: 6.14 (w) x 9.21 (h) x 0.69 (d)

Meet the Author

ROBERT J. THIERAUF is Professor of Information and Decision Sciences at Xavier University, Cincinnati, Ohio, and a Certified Public Accountant.

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Table of Contents


A Framework for Developing Expert Systems in Finance and Accounting

An Introduction to Expert Systems

Problem Solving with Expert Systems

Search Methods Found in Expert Systems

Bibliography: I

Software and Hardware Used in Developing Expert Systems in Finance and Accounting

Programming Languages and Computer Hardware in Expert Systems

Expert System Shells for Personal Computers and Computer Mainframes

Bibliography: II

Development of Expert Systems in Finance and Accounting

Development, Implementation, and Maintenance of Expert Systems

Bibliography: III

Typical Applications of Expert Systems in Finance and Accounting

Typical Business and Nonbusiness Applications of Expert Systems

Finance Applications of Expert Systems

Development of an Operational Expert System in Finance

Accounting Applications of Expert Systems

Development of an Operational Expert System in Accounting

Bibliography: IV



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