Analysis on the Influence of Big Data Era on Financial Accounting

2021 ◽  
Keyword(s):  
Big Data ◽  
Financial Accounting

Advancing Financial Reporting in the Age of Technology: An Interview with Robert H. Herz

2021 ◽  
Vol 18 (2) ◽  
pp. 117-124
Author(s):  
Robert H Herz ◽  
Duo Pei
Keyword(s):  
Decision Making ◽  
Big Data ◽  
Financial Reporting ◽  
Main Idea ◽  
Accounting Standards ◽  
Financial Accounting ◽  
Financial Accounting Standards Board ◽  
Business Reporting ◽  
Reporting Process ◽  
Part Time

ABSTRACT This paper is based on an interview on January 9, 2020, with Robert H. (Bob) Herz, the former two-term chairman of the Financial Accounting Standards Board, on how the environment for business reporting has evolved and how it may continue to evolve. Bob Herz has also held decision-making positions as a part-time member of the IASB and on the board of the SASB. In this interview, we discuss a pragmatic reporting model suited to the era of Big Data and technology. We also explain the different interests of the reporting process, including the standard-setters, preparers, auditors, and users. The main idea of this paper focuses on how to incorporate Big Data and technology into reporting models working within the current framework and needs of the stakeholders. We then outline several use cases that illustrate a refined reporting model using Big Data and technology.

ERP Integrated Instruments – Opportunities and Challenges for Audit

2021 ◽  
Vol 19 (163) ◽  
pp. 574-586
Author(s):  
Casiana Maria DARIE ◽  
Keyword(s):  
Big Data ◽  
Large Volume ◽  
Business Intelligence ◽  
External Environment ◽  
Financial Accounting ◽  
Computer Assisted ◽  
Questionnaire Data ◽  
Digital Era ◽  
It Systems

The digital era affects all the fundamental areas known so far. In meeting the high levels of competition and industry pressures, the organizations used IT systems to help them achieve market advantages by saving resources, developing domestically and adapting to the challenges posed by the external environment. This paper includes in the first part a description of the role of systems such as ERP, Business Intelligence, "Analytics", "Big Data" and Computer Assisted Audit Techniques – CAAT's in the activity of auditors but also in collecting and processing a large volume of data by those in charge with the financial accounting field. In the second part, with the help of the questionnaire, data on the use of these systems by Romanian auditors were collected and analysed.

Research on University Accounting Teaching Innovation Based on big data

2021 ◽  
Vol 7 (5) ◽  
pp. 4384-4392
Author(s):  
Hongxuan Ma
Keyword(s):  
Cloud Computing ◽  
Big Data ◽  
Accounting Education ◽  
Financial Accounting ◽  
Teaching Innovation ◽  
Teaching Reform ◽  
The University ◽  
Education In China ◽  
Education Concept ◽  
Big Data Technology

Objectives: With the arrival of the era of big data, the use of cloud computing technology has the characteristics of large capacity, variety and speed. Big data makes the teaching of financial accounting more convenient and efficient. Methods: It is an effective way to realize the goal of modernization of education in China by paying attention to the development and application of the reform of accounting teaching in Universities under the educational technology of big data. Results: This paper from the transformation of the university accounting education concept, in the era of big data under the background of accounting education in Colleges and universities how to give full play to the advantages of cloud computing, cloud platform construction of accounting education, then explore the reform of accounting education mode of. Conclusion: Therefore, this paper from the perspective of big data technology background, starting from the reform of the teaching mode of accounting and accounting industry background, considering the direction from the accounting personnel training, put forward the corresponding countermeasures for accounting teaching methods and teaching contents, promoting college accounting teaching reform.

scholarly journals Analysis on the influence of big data era on enterprise financial accounting -- a case study of HUA WEI technologies co., LTD

2020 ◽  
Vol 214 ◽  
pp. 01004
Author(s):  
Wang Yang
Keyword(s):  
Big Data ◽  
Financial Accounting ◽  
Work Flow ◽  
Electronic Document ◽  
Application Process ◽  
Financial Decision Making ◽  
Financial Decision ◽  
The Impact ◽  
Big Data Technology

”Big data” is the product of the integration of the highly developed Internet innovation function and various economic fields in today’s society. The development of “big data” is bound to bring significant changes in the economic development of today’s society. Taking HUA WEI technologies co., LTD., financial aspects based on the development of big data, found big data technology in the application process of the impact of the financial accounting, this era of big data work flow for the company in China, the impact of financial decision-making and financial personnel, and the company response to this phenomenon and make a change, and to analyze its causes and solutions. This electronic document is a “live” template. The various components of your paper [title, text, heads, etc.] are already defined on the style sheet, as illustrated by the portions given in this document.

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