Big data has become a buzzword in the accounting profession, but like other trending topics such as

Fantastic news! We've Found the answer you've been seeking!

Question:

Big data has become a buzzword in the accounting profession, but like other trending topics such as blockchain, AI and machine learning, it's one that CPAs really need to understand. Agree or Disagree?

How has big data affected the accounting profession? What are the professionals doing about this impact?

Related Book For answer-question

Management Information Systems Managing the Digital Firm

ISBN: 978-0133050691

13th edition

Authors: Ken Laudon, Jane P. Laudon

See More Books

Posted Date: Mar 08, 2023 01:21 AM

See More Questions

In the 1970s, a leader in the accounting profession proposed that there really needed to be only one underlying standard to govern the establishment of generally accepted accounting principles. That...
One of the benefits of AI and machine learning is that: a. The technology gives consistent results every time. b. The system is very good at understanding simple relationships. c. The technology can...
Debate the unethical behaviors found in the accounting profession and your suggestions for prevention of these damaging behaviors. With various high-profile examples of unethical behavior in the...
Compute the stone's average velocity over the time interval [0.5, 2.5] and indicate the corresponding secant line on a sketch of the graph of h(t). A stone is tossed vertically into the air from...
If you were the project manager, which method would you use, and why?
Using at least 5 references compare intergenerational income mobility in Ethiopia and US (developing and developed economies). What are the main factors that affect that intergenerational income...
An inward flow radial turbine (see Fig. P5.89) involves a nozzle angle, $\alpha_{1}$, of $60^{\circ}$ and an inlet rotor tip speed, $U_{1}$, of $6 \mathrm{~m} / \mathrm{s}$. The ratio of...
A linear program has a maximum profit of $600. One constraint in this problem is 4X + 2Y 80. Using a computer we find the dual price for this constraint is 3, and there is a lower bound of 75 and an...
3. A racecar with a mass of 1000 kg is traveling around a circular track with a radius of 50 meters at a speed of 100 km/h. What force is required to keep the car moving in a circle?
This case requires students to consider the merits of activity-based costing in an altered production environment. It also deals with behavioural and organisational culture issues. The Tankmaster...
An initial investment of $60,000 in Novak's Bunks is expected to pay off greatly-but not equally-in each of the next 5 years. The company expects a small increase in operating income in year 1...
how do transactional leadership modalities harmonize with transformational leadership imperatives, cultivating a symbiotic relationship between incentivized performance and aspirational visioning in...
Firms A and B are Cournot competitors who produce good Qi, where i = A,B. Assume both firms have a fixed cost of 50 and a variable cost of 5Q2. Let demand for good q by Q = 240 - 2P, where P is...
what synergistic interplay emerges between laissez-faire leadership proclivities and participative leadership tenets, fostering an ecosystem of innovation and adaptive resilience ? Explain
Would a 5% or 10% increase in the price of a product lead you to switch to another product? For what fraction of purchases? Would an increase in the price of a broader collection of products (such as...
how do nuanced leadership styles manifest, and what catalytic elements differentiate transformational leadership from transactional leadership in fostering organizational resonance ?
Calculate the missing values Sales Cost of Goods Sold Gross Profit Depreciation Expense Selling & Admin Expense Net Operating Income Interest Expense New Smyrna Surf Shop Income Statements For the...
Using the information presented in Problem 13.4B, prepare a partial statement of cash flows for the current year, showing the computation of net cash flows from operating activities using the...
How do information systems support the activities of managers and management decision making? 1. Compare the descriptions of managerial behavior in the classical and behavioral models. 2. Identify...
What are the alternative strategies for developing global businesses? Describe the four main strategies for global business and organizational structure.
How can firms assess the business value of information systems projects? 1. List and describe the major costs and benefits of information systems. 2. Distinguish between tangible and intangible...
What are the differences among an onsite team, a virtual team, a task force, and a committee? What are some of the potential differences in dynamics between people in these different groups?
Compare and contrast disciplinary, interdisciplinary, and crossfunctional teams.
What are some of the unique challenges associated with teamwork in health care? How do you see teamwork fitting in with the accountable care organization (ACO) mandates? Describe three benefits and...

Big data has become a buzzword in the accounting profession, but like other trending topics such as

Question:

Expert Answer:

Answer i Agree with the statement Big data has become a buzzword in the accounting profession but like other trending topics such as blockchain AI and ... View the full answer

Management Information Systems Managing the Digital Firm

Students also viewed these accounting questions