Author(s)

Li Kechen ¹

Affiliation(s)

¹ Krirk University, Bangkok, Thailand

Corresponding Author

Li Kechen

ABSTRACT

In the era of big data, the field of financial accounting is facing unprecedented opportunities and challenges. Real-time financial decision analysis, efficient workflows, and innovative business models have brought them unprecedented potential for development. However, data security and privacy protection problems, difficulties in technology investment and talent selection, data quality and processing problems have become urgent challenges to be solved. To meet these challenges, financial accounting needs to strengthen data security and privacy protection, invest in big data-related technologies and train professionals, while also improve data quality and processing methods to ensure continuous progress in the era of big data.

KEYWORDS

Big Data Era; Financial Accounting; Opportunity; Challenge

CITE THIS PAPER

Li Kechen, Opportunities and challenges faced by financial accounting in the era of big data. Accounting, Auditing and Finance (2024) Vol. 5: 37-42. DOI: http://dx.doi.org/10.23977/accaf.2024.050206.

REFERENCES

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[5] Yang Qingqing, Fan Ziqi. On the opportunities and challenges of financial accounting in the era of big data [J]. Times Finance, 2018, (20): 255.

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