Abstract:
Artificial Intelligence (AI) is increasingly influencing the landscape of accounting education,
prompting a shift in the way knowledge is delivered, skills are developed, and professional
readiness is assessed. With the increasing global integration of AI into financial systems and
professional accounting practices, the academic sector faces both the challenge and the
opportunity to prepare students for this technological shift. This study critically examines the
perceptions of undergraduate accounting students in Sri Lanka regarding the emerging
opportunities and challenges associated with AI integration in accounting education. This
study used a qualitative methodology, and information was gathered from undergraduate
accounting students at Sri Lankan state universities through interviews and focus group
discussions. According to a thematic analysis, accounting students in Sri Lanka see AI as a
game-changing tool that may improve learning effectiveness and customize educational
experiences. Through interactive tools and adaptive technology, students think AI has the
ability to make complicated accounting ideas easier to understand, especially in areas like
financial reporting and auditing. Students also recognized the significance of AI literacy for
future professional success in the digital age, identifying it as a critical competency that would
improve their employability and competitiveness in a global labor market that is changing
quickly. Notwithstanding these encouraging prospects, the study also raises several
important issues. Students expressed apprehension about the lack of structured AI-related
content in the existing accounting curriculum, limited access to AI tools and infrastructure,
and insufficient training for academic staff. Furthermore, there were underlying concerns that
AI would someday replace humans in accounting positions, which could have an effect on
future graduates' job security. The findings underscore the importance of proactive policy
measures and institutional reforms to support the meaningful integration of AI in accounting
education. Universities must prioritize curriculum updates, invest in digital infrastructure,
and provide capacity-building programs for educators. Policymakers and academic leaders
are urged to create a supportive framework that promotes innovation while ensuring equity
and ethical considerations in AI adoption.
