Big data, data analytics and artificial intelligence in accounting: an overview

Bose, Sudipta; Dey, Sajal Kumar; Bhattacharjee, Swadip

doi:10.4337/9781800888555.00007

Cited by 13 publications

(5 citation statements)

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“…To undertake highly specialized and complex statistical analyses, accounting education needs to be altered to include technologies like R, Python, SQL, and other technologies. Regression analysis, data clustering, and other programming operations can all be done using a number of algorithms created using the two computer languages R and Python (Bose & Bhattacharjee, 2022). This paper introduces a teaching case for Python-based accounting analytics as a part of this initiative.…”

Section: Discussionmentioning

confidence: 99%

“…Businesses mostly employ these computer languages -Python and R -to perform highly specialized and sophisticated statistical analyses. These two programming languages are used to create a variety of algorithms that carry out regression analysis, find data clusters, and carry out other programming operations (Bose & Bhattacharjee, 2022). Although its significance is acknowledged, it appears that there are not many examples of IT introduction and usage in the curriculum for accounting education.…”

Section: Introductionmentioning

confidence: 99%

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A Curriculum Study: Accounting Analytics Using Python

Lee

2024

JCT

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The purpose of this study is to highlight the necessity of incorporating AI technology into the accounting sector and to provide a curriculum that allows university students to practice using data science in accounting. As the accounting work environment evolves along with technological advancements, employers, including big accounting firms, are looking for people with technical skills in addition to accounting knowledge. Accounting major students should be prepared for a changing business environment by learning technical skills in combination with accounting knowledge. This necessitates a modification in the accounting curriculum to reflect the dynamic accounting environment driven by technological innovation. However, it doesn't appear that the accounting curriculum has changed much to keep up with these modern changes, and there don't appear to be many case studies that expressly combine accounting and data science. As a part of this endeavor, this paper offers a few concrete examples for the integration of accounting and Python. Python via Anaconda is utilized for the cases in this study, and a creative but beginner-friendly programming is applied to each case. As a result, in this study, a few Python-integrated accounting challenges comprising fundamental financial accounting concepts are addressed. These are only a few examples, but they might aid in introducing data science fundamentals, demonstrating how data science is used in accounting, and encouraging further research and development of deep learning.

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Section: Discussionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

A Curriculum Study: Accounting Analytics Using Python

Lee

2024

JCT

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“…In addition, emerging technologies, such as artificial intelligence, big data, and block chain technologies, are having an impact on accounting fields, such as taxation, costing, and auditing. Because accounting is data-driven, big data can help deliver greater value [45]. Big data can also be used for customs policy establishment and performance auditing [46].…”

Section: Conclusion and Discussionmentioning

confidence: 99%

“…Meanwhile, new technologies, such as big data, data analytics, and artificial intelligence, can pose a threat to accounting professionals. Accounting experts must move away from the traditional accounting field of the past and perform data interpretation and analyst roles with data utilization and analytical skills using new technologies [45]. To this end, it is necessary to improve corporate regulations and accounting regulations for the use of new technologies, and in particular, a new accounting education course may be newly established in preparation for the impact on the accounting industry.…”

Section: Conclusion and Discussionmentioning

confidence: 99%

Exploring Knowledge Trajectories of Accounting Information Systems Using Business Method Patents and Knowledge Persistence-Based Main Path Analysis

2022

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In this paper, the development trajectory of accounting information systems was analyzed using business method patents and main path analysis based on knowledge persistence. Knowledge persistence-based main path analysis can dramatically minimize the complexity of a knowledge network without omission of the dominant knowledge flows, and so it is a suitable selection for analyzing the business method patents on accounting information systems. The main findings from the empirical results are as follows: the empirical results show that accounting information system patents were developed along with the software patent of knowledge injected from the outside. Bookkeeping/accounting and taxation systems expanded from the basic calculation, storage, and payment technique to scalability to other techniques and functions in more complex situations. This research has found that technological advancement has facilitated and been supporting the development of accounting information system over the years, as shown in the patents filed under business solutions. There is a clear indication of the growing complexity of those patents, signifying the moves/advancement of corporate business information systems from financial accounting-oriented systems to more complex ERP systems.

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“…Due to the fact that the digital revolution has profoundly changed how firms conduct their financial affairs, a new era of corporate operations has emerged (Abdalla et al, 2022). Financial reporting, auditing, and resource allocation within organizations have been transformed by digital accounting, which is characterized by the use of sophisticated software and technology-driven systems (Bakarich et al, 2021;Bose et al, 2023;Hamour et al, 2023;Zobi et al, 2023;Ababneh et al, 2023). This transition towards digital accounting practices has been motivated by the pursuit of efficiency, accuracy, and transparency in financial operations.…”

Section: Introductionmentioning

confidence: 99%

Exploring the impact of digital accounting and digital zakat on improving business sustainability in the Middle East and Malaysia

Al-Taani,

Al-Zaqeba,

Maabreh

et al. 2024

Int. j. adv. appl. sci.

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This paper seeks to explore the potential of digital accounting and digital zakat in enhancing corporate sustainability. It primarily examines the role of these digital modalities in enhancing philanthropic contributions, improving financial transparency, and achieving sustainability goals. The study explores the synergistic effects of combining digital accounting and digital zakat, and aims to fill the knowledge gap regarding their collective impact on sustainable business practices. The results confirm the primary hypothesis and show a positive correlation with corporate sustainability. Consistent with previous research, digital zakat is identified as a catalyst for stakeholder engagement and a facilitator of sustainable development initiatives. Similarly, digital accounting is associated with increased financial transparency, thereby strengthening corporate sustainability efforts. These findings underscore the need for further exploration and integration into corporate strategies and highlight the prospects of digital technology in strengthening corporate sustainability. The study provides strategic recommendations for businesses, policymakers, and academics to promote sustainable practices and align financial systems with broader sustainability goals. This research is central to deepening the understanding of digital technologies' ability to enhance sustainability in business contexts, and future studies should extend these findings to examine the complex dynamics of how digital solutions can optimize sustainability in different sectors and settings.

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Big data, data analytics and artificial intelligence in accounting: an overview

Cited by 13 publications

References 0 publications

A Curriculum Study: Accounting Analytics Using Python

A Curriculum Study: Accounting Analytics Using Python

Exploring Knowledge Trajectories of Accounting Information Systems Using Business Method Patents and Knowledge Persistence-Based Main Path Analysis

Exploring the impact of digital accounting and digital zakat on improving business sustainability in the Middle East and Malaysia

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