Big Data Analytics: Opportunity or Threat for the Accounting Profession?

Richins, Greg; Stapleton, Andrea; Stratopoulos, Theophanis C.; Wong, Christopher

doi:10.2308/isys-51805

Cited by 197 publications

(184 citation statements)

References 39 publications

Supporting

Mentioning

135

Contrasting

Unclassified

Order By: Relevance

“…There is now increased recognition that corporate strategy, organisational arrangements and information systems structures defy conventional ties traditionally seen to have connected them as greater appeal is made to big data based analyses and insights (Bhimani 2015;Krahel and Titera 2015). Moreover, costing architectures themselves have altered as links between data, information and knowledge have evolved (Al-Htaybat et al 2017;Arnaboldi et al 2017;Bhimani and Willcocks 2014;Cȃpus , neanu et al 2020;Richins et al 2017;Rikhardsson and Yigitbasioglu 2018;Schneider et al 2015;Troshani et al 2019;Warren et al 2015). Information outputs in organisations have transformed so much that few if any dimensions of business or management control processes today remain divorced from digital technology applications.…”

Section: Why Digitalisation Affects Accounting Researchmentioning

confidence: 99%

Digital data and management accounting: why we need to rethink research methods

Bhimani

2020

J Manag Control

View full text Add to dashboard Cite

Digitalisation is having profound effects on how enterprises function. Its impact on accounting research is growing as the rise of the internet, mobile technologies and digital economy tools generate depth, breadth and variety of data that far exceed what researchers have had access to in the past. But whilst social scientists interested in organisational issues are starting to question conventional methodological approaches to the study of contexts where digital data forms are drawn upon, little such concern has been voiced in the management accounting literature. This paper seeks to explore the continued applicability of conventional methodological thinking when carrying out investigations within digital data environments to inform management accounting studies. It considers why digitalisation impacts methodological precepts, identifies how descriptive and explanatory modes of questioning which management accountants have conventionally opted for need rethinking, discusses ways in which digital data characteristics alter what can be drawn from empirical studies, and points to the potential offered within digitalised settings for methodological advance. It concludes by highlighting the necessity, where digitalisation exists, to question modes of posing questions and to reconsider the applicability of methodological precepts deployed by management accounting researchers to date.

show abstract

Section: Why Digitalisation Affects Accounting Researchmentioning

confidence: 99%

Digital data and management accounting: why we need to rethink research methods

Bhimani

2020

J Manag Control

View full text Add to dashboard Cite

show abstract

“…IS are operated throughout organizations due to their ability to collect, store, organize, process, and distribute large volumes of data (Beard and Sumner 2004). Management accountants are thus able to gather, merge, and interpret data from very different sources (Richins et al 2017). Moreover, a substantial number of IS developments specifically aim to fit and automate MA techniques that analyze data (Rom and Rohde 2007).…”

Section: Introductionmentioning

confidence: 99%

Determinants of information system quality and data quality in management accounting

2020

View full text Add to dashboard Cite

Data quality is critical to adequately perform management accounting (MA) tasks, and information systems (IS) provide the data for the MA domain. However, IS can vary vastly across firms, which may influence the basis for rational decision making (i.e., data quality). This study therefore aims to investigate the impact of IS quality on data quality in MA and to analyze the determinants that can influence IS quality in MA. We conduct a cross-sectional survey among 143 medium-sized and large firms. Based on a structural equation model, we predict and find that IS quality significantly affects management accounting data quality (MADQ). Company's IT investments, internal and external IT knowledge, innovative technologies, and data source variety are significantly associated with IS quality in MA and in turn indirectly affect MADQ. This study highlights the importance of IS quality for management accountants' practice and simultaneously provides new insights regarding the efficacy of selected determinants of IS quality.

show abstract

“…The role of controlling has changed from directing primarily on budgeting, costing, variance analysis to developing and implementing strategies that promote increased company's performance while managing risk (Ramli, 2015). So that's why controllers now should know what facts about managers' performances and they also must know their ISSN 1923-3981 E-ISSN 1923-399X information needs (Richins et al, 2017).…”

Section: Controlling In Management Systemmentioning

confidence: 99%

“…Using big data analytics, controllers can broaden their controlling and monitoring techniques to include unstructured data providing the power to identify areas of improvement and some opportunities. Sentiment analytics, for instance, based on social media data (like Facebook, Instagram) can be merged with existing accounting data in order to develop sophisticated models (Richins et al, 2017).…”

Section: Challenges and Benefits Of Big Data In Controllingmentioning

confidence: 99%

Usage of Big Data Technology in Controlling

Rybicka¹

2019

RWE

View full text Add to dashboard Cite

Business units meet many dynamic and unexpected changes occurring in their surrounding. They want to be competitive and that is why they must deal with uncertainty and risk. Digital revolution is present in all societies. Changes caused by usage of new technologies based on ICT technologies and Internet change the business. Nowadays enterprises must adjust to new determinants and to introduce digital technologies into their management processes, controlling systems. Companies now require fast and accurate information.Big Data technology brings to modern companies many technological opportunities. Big Data allows the creation of new business models, proper analysis of customer behavior, facilitates risk and financial management of the company, optimizes processes occurring inside the enterprise and increases the efficiency of IT systems operating in controlling of business unit.The aim of the paper is to present some theoretical issues connected with the use of Big Data technology in businesses, especially within systems of controlling ("Controlling" in the meaning used by German speaking scientists). Digital revolution with usage of social media in business activity or Big Data technology changed the controlling systems, because now controllers must deal with such huge datasets to improve their businesses. With usage of Big Data technology, despite some challenges occurred, modern enterprises can deal with success with such large volume of data (not only financial, but now also non-financial) in order to proper better forecasts and decisions. There are presented some issues connected with usage of Big Data technology in controlling systems of companies.

show abstract

Big Data Analytics: Opportunity or Threat for the Accounting Profession?

Cited by 197 publications

References 39 publications

Digital data and management accounting: why we need to rethink research methods

Digital data and management accounting: why we need to rethink research methods

Determinants of information system quality and data quality in management accounting

Usage of Big Data Technology in Controlling

Contact Info

Product

Resources

About