Big Data Analytics : Implications and Prospects for Accounting Professionals

Authors

  • Sanjeev K. Bansal Department of Management, I. K. Gujral Punjab Technical University, Main Campus, Kapurthala
  • Rajni Bala Assistant Professor, Department of Management, Punjab Institute of Management & Technology, Mandi Gobindgarh, Punjab
  • Deepak Bansal Manager, Costing (Purchase), Hero Cycles Ltd., Ludhiana, Punjab

DOI:

https://doi.org/10.33516/maj.v54i5.47-51p

Keywords:

No Keywords

Abstract

Technology is constantly changing. Smartphones, tablets, wireless access, networks, portals and the cloud have changed how the accounting and finance department uses data. Big data and Big Data Analytics impact nearly every aspect of accounting, including audit, tax, and managerial accounting.It helps in identifying various opportunities for improvement, and aid in evaluating global opportunities. Accounting professionals will need cutting-edge data analytics skills to thrive in this changing landscape. Accounting professionals should try to enhance their own capabilities in terms of both technical and analytical/statistical skills & knowledge. The present paper is basically a theoretical paper covering various aspects of Big Data and Big Data Analytics apart from discussing the opportunities available to accounting professionals in the era of Big Data Analytics. The paper also throws light on various implications of Big Data Analytics in accounting and finance area.

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Published

2019-05-04

How to Cite

Bansal, S. K., Bala, R., & Bansal, D. (2019). Big Data Analytics : Implications and Prospects for Accounting Professionals. The Management Accountant Journal, 54(5), 47–51. https://doi.org/10.33516/maj.v54i5.47-51p

Issue

Volume 54, Issue 5, May 2019

Section

Cover Story
Crossref
Scopus
Google Scholar
Europe PMC

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