#Japan #Tokyo #Ltd. #AI Research Association #F&M CO. #Accounting Firms

AI Association for Accounting Surpasses 170 Members in Just Four Months

The AI Research Association, under the operation of F&M CO., LTD. led by Ichiro Morinaka, has achieved a remarkable milestone by exceeding 170 member firms within just four months of its launch. The association focuses on promoting the effective integration of generative AI within the accounting industry, addressing the pressing challenges faced by accountants today.

Understanding the AI Research Association

Founded and managed by F&M, the AI Research Association is directed by Shuhei Ohno from Seven Sense Tax Corporation. The purpose of this specialized organization is to provide a platform for accountants to learn about and implement generative AI in their daily operations. It offers not only theoretical knowledge but also practical tools such as online seminars, instructional videos, and ready-to-use prompts tailored for the unique needs of accounting professionals.

Background of the Initiative

The accounting industry has long struggled with a heavy reliance on human labor, leading to potential growth limitations. A survey conducted by F&M revealed that while 56% of accounting firms have used generative AI at least once, the actual application of it in their practice is still low. Among firms not employing AI, over 60% cited a lack of understanding regarding how to apply it effectively. This feedback prompted the creation of the AI Research Association to assist firms interested in adopting AI technologies, thereby improving operational efficiency and enhancing the services offered to small and medium enterprises.

Features of the AI Research Association

1. Industry-Specific Focus: The association tailors its resources to the accounting sector, allowing members to swiftly integrate generative AI into their practices, leveraging insights from top-performing firms.

2. Customizable Plans: Members can select from two distinct plans adaptable to their team's existing knowledge of AI and specific goals.

3. Practical Prompts: Members subscribed to higher-tier plans receive 13 practical prompts that can be used immediately in their work, streamlining various accounting tasks.

Factors Behind the Membership Surge

• - Ready-to-Use Prompts: Providing prompts that are directly applicable to daily tasks, such as data analysis and client communication, has proven advantageous for many firms, enabling immediate implementation and benefits.

• - Practical Learning Opportunities: The association emphasizes hands-on learning, organizing workshops to foster AI expertise among staff. This approach has resonated positively with member firms, enhancing their capabilities to utilize AI effectively.

• - Security Education and Guidelines: Given the nature of accounting work involving sensitive data, the association offers security guidelines aimed at ensuring safe AI usage, helping firms navigate these complexities confidently. This includes detailed protocols about data handling and risk management.

AI Security Guidelines Released

In alignment with the growth of AI usage, the AI Research Association introduced guidelines dedicated to securing sensitive information when utilizing generative AI. These guidelines cover:

• - Objectives and scope of AI use
• - Approved generative AI tools
• - Data input/output protocols
• - Management of associated risks

Such measures instill confidence in member firms, facilitating a secure adoption of AI technologies.

Leadership and Expertise

Shuhei Ohno, the program director, brings a wealth of experience from his previous roles at Deloitte, where he specialized in auditing financial institutions. He is dedicated to nurturing the next generation of professionals equipped with the skills to navigate an increasingly AI-centric industry.

Membership Plans

The AI Research Association serves its members with two tailored plans designed to meet various organizational needs. Further details are available upon inquiry.

About F&M CO., LTD.

The AI Research Association operates under F&M CO., LTD., a company dedicated to supporting tax accountants and public accountants across Japan. F&M aims to continue expanding its services to enhance the overall dynamism of the accounting industry.

For inquiries, please contact:

• - Consultant Division: Atoho
• - Phone: 0120-917-145
• - Email: [email protected]

(Available Monday to Friday between 10:00-12:00 and 13:00-17:00)

Company Overview

• - Name: F&M CO., LTD.
• - Stock Code: 4771 (Tokyo Stock Exchange Standard)
• - Founded: 1990
• - Capital: 9,896.5 million JPY (as of December 2024)
• - Revenue: 14,867.6 million JPY (Fiscal year ending March 2024)
• - Services: Tailored accounting services for small businesses, management support for SMEs, and various consulting services.
• - Branches: Offices located in Osaka, Tokyo, Nagoya, Fukuoka, Sendai, Sapporo, and Okinawa.
• - Total Employees: 931 (as of December 2024)
• - Website: F&M CO., LTD.