Characteristics of Financial Accounting Transformation to Management Accounting in Big Data Environment

Abstract

China has fully entered the era of big data. Under the background of the development of this era, the financial accounting of enterprises is gradually changing towards the direction of management accounting. First of all, the characteristics of big data are analyzed in detail. Based on that, the implementation of specific strategies for financial accounting transformation to management accounting is further studied.

Big Data’s Disruptive Effect on Job Profiles: Management Accountants’ Case Study

“…By understanding the background of BD, more and more modern organizations have progressively understood the prominence of BD. In the process of financial management, financial accounting has slowly but surely shifted to management accounting (Meng 2018). This transformation reflects an unavoidable trend when financial accounting performs its duties and obligations, but it still needs IT's help.…”

“…Simultaneously, against this backdrop, a systematic management model can be created and put into practice. Financial and accounting workforces might combine unswervingly and effectively strategic and systematic enterprise management thinking, understanding and recognizing enterprise value (Meng 2018).…”