The Impact of Big Data on Accounting Industry

The impact of big data on the accounting industry is as follows:

The application of big data has had many positive impacts on the development of the accounting industry. Big data provides a powerful database for accounting work, which can grasp the front end of main business at any time, grasp valuable information through real-time analysis and real-time mining, and realize all-round enjoyment of business and information.

Big data promotes the organic combination of financial process, business process and management process, and financial data and business data are no longer independent but integrated. The continuous tracing of historical transactions by big data and the scientific prediction of future transactions provide more comprehensive, accurate and objective accounting information for financial work.

Big data has changed the bookkeeping method of traditional financial system, and the decentralized distributed system has greatly reduced the risk of accounting fraud and mistakes. At the same time, under the application of big data, three "transformations" have been realized: post-employment financial reporting to real-time financial reporting.

Under the condition of big data, the data integration of enterprise accounting information system and management information system is realized, and the connection between enterprise internal LAN and Internet is realized, thus providing real-time financial accounting information for financial reporting users.

Change from financial management concept to comprehensive management concept. The application of big data will make traditional financial management extend and penetrate into many fields such as product research and development, production and sales, and daily operation and management of enterprises.