THE ROLE OF BIG DATA IN THE FIELD OF ACCOUNTING

Abstract

Big data plays a more important role in economic area in general and accounting area in particular due to the fact that Big data improves the quality of accounting. This paper discusses the necessity of using Big data in accounting not only in terms of providing high quality of information needed for controlling and analysis purposes and presenting financial results but also regarding providing insights to academics, accounting professionals and students about potential benefits of Big data. Additionally, this paper presents the challenges of deploying Big data.