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OJAcct> Vol.3 No.4, October 2014
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Big Data, Big Change: In the Financial Management

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DOI: 10.4236/ojacct.2014.34009    7,099 Downloads   10,068 Views   Citations
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Ming Ke, Yuxin Shi

Affiliation(s)

Beijing Wuzi University, Beijing, China.
Received 7 July 2014; revised 13 August 2014; accepted 26 August 2014.

ABSTRACT

In recent years, "Big Data" has attracted increasing attention. It has already proved its importance and value in several areas, such as aerospace research, biomedicine, and so on. In "Big Data" era, financial work which is dominated by transaction, business record, business accounting and predictions may spring to life. This paper makes an analysis about what change that "Big Data" brings to Accounting Data Processing, Comprehensive Budget Management, and Management Accounting through affecting the idea, function, mode, and method of financial management. Then the paper states the challenges that "Big Data" brings to enterprise aiming to illustrate that only through fostering strengths and circumventing weaknesses can an enterprise remain invincible in "Big Data" era.

KEYWORDS

Big Data, Financial Management, Change, Challenge

Cite this paper

Ke, M. and Shi, Y. (2014) Big Data, Big Change: In the Financial Management. Open Journal of Accounting, 3, 77-82. doi: 10.4236/ojacct.2014.34009.

Conflicts of Interest

The authors declare no conflicts of interest.

References

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