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

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

doi:10.2139/ssrn.2813817

Cited by 6 publications

(2 citation statements)

References 40 publications

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“…The current study proposes to address the challenges in TCA application, using IT as the primary data source for account management [32]. Generally, IT systems can collect, organize, process, and distribute large amounts of data [33], allowing accountants to interpret data from many sources [34]. IT systems can be defined as a set of interrelated components, such as software, hardware, people, procedures, and data that collect, process, store, and distribute information to support decision making and organisational control [35].…”

Section: It and Tcamentioning

confidence: 99%

The Big Data, Artificial Intelligence, and Blockchain in True Cost Accounting for Energy Transition in Europe

Gusc

Bosma²,

Jarka

et al. 2022

Energies

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The current energy prices do not include the environmental, social, and economic short and long-term external effects. There is a gap in the literature on the decision-making model for the energy transition. True Cost Accounting (TCA) is an accounting management model supporting the decision-making process. This study investigates the challenges and explores how big data, AI, or blockchain could ease the TCA calculation and indirectly contribute to the transition towards more sustainable energy production. The research question addressed is: How can IT help TCA applications in the energy sector in Europe? The study uses qualitative interpretive methodology and is performed in the Netherlands, Germany, and Poland. The findings indicate the technical feasibilities of a big data infrastructure to cope with TCA challenges. The study contributes to the literature by identifying the challenges in TCA application for energy production, showing the readiness potential for big data, AI, and blockchain to tackle them, revealing the need for cooperation between accounting and technical disciplines to enable the energy transition.

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Section: It and Tcamentioning

confidence: 99%

The Big Data, Artificial Intelligence, and Blockchain in True Cost Accounting for Energy Transition in Europe

Gusc

Bosma²,

Jarka

et al. 2022

Energies

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“…Even so, along the time we have observed that technology is not meant to replace the professionals, but to create the necessary means for practitioners to focus on activities that create more value for the organization (Richins et al, 2016).…”

Section: Introductionmentioning

confidence: 99%

Emerging information technologies in accounting and related security risks – what is the impact on the Romanian accounting profession

Rîndașu¹

2017

JAMIS

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Abstract:This study investigates whether aspiring and professional accountants understand the benefits and security challenges brought by emerging technologies such as: Big Data, data analytics, cloud computing and mobile technologies. 115 participants took part in a survey during January and February 2017, all having at least one year of practical experience in accounting or audit and 80% of them being affiliated with national or international accounting professional bodies. The research has three key findings: (1) Professional accountants and auditors are having in average a theoretical knowledge of the emerging technologies in the accounting field, but they still need to enhance their skills to exploit them efficiently, (2) Mobile technologies started to be adopted by the Romanian practitioners and (3) The profession has become aware of the security risks brought by emerging technologies in the digital accounting. The accounting profession is on the verge of change and the practitioners do not yet possess sufficient skills regarding the analyzed emerging technologies. As per this, the professional bodies and academic environment should reassess their curricula to enforce the necessary changes for preparing practitioners to successfully face the future challenges and avoid their replacement by other professions more qualified.

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What is an Accountant? An Investigation of Images

Caglio

Cameran

Klobas

2018

European Accounting Review

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

Cited by 6 publications

References 40 publications

The Big Data, Artificial Intelligence, and Blockchain in True Cost Accounting for Energy Transition in Europe

The Big Data, Artificial Intelligence, and Blockchain in True Cost Accounting for Energy Transition in Europe

Emerging information technologies in accounting and related security risks – what is the impact on the Romanian accounting profession

What is an Accountant? An Investigation of Images

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