International Journal of Accounting and Management Sciences (IJAMS)
April 2023
DOI https://www.doi.org/10.56830/IJAMS04202305
Authors
Abstract
Recent changes in technology introduced by the advent of the 21st century have drastically transformed the face of accounting in recent time from its analogue nature into a digitalized package. These technological advancements have modernized accounting systems and packages which created opportunity for accounting tasks to be performed in an easier, faster, and efficient manner. By the virtue of these technological developments, the concept of big-data was discussed. This research focused on evaluating the impact of the big data concept in shifting the norms of the financial accounting and reporting. This research reveals amongst others the weaknesses of the current accounting conceptual framework to ascertain the relevance of the recent advancements in accounting packages and software. The design of the research is based on providing literature review of the history by undertaking a relatively holistic view of the big datainfluence on financial accounting and reporting system.
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