Emerging Technologies in Management Accounting
top of page
Asian Institute of Research, Journal Publication, Journal Academics, Education Journal, Asian Institute
Asian Institute of Research, Journal Publication, Journal Academics, Education Journal, Asian Institute

Economics and Business

Quarterly Reviews

ISSN 2775-9237 (Online)

asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, managemet journal
asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, managemet journal
asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, managemet journal
asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, managemet journal
crossref
doi
open access

Published: 27 January 2020

Emerging Technologies in Management Accounting

Bruce H. Geddes

Keiser University, US

asian institute research, jeb, journal of economics and business, economics journal, accunting journal, business journal, management journal

Download Full-Text Pdf

doi

10.31014/aior.1992.03.01.185

Pages: 152-159

Keywords: Emerging Technologies, Management Accounting, Accounting

Abstract

This paper gives a broad overview of emerging technology fields and their effect on management accounting. The research involved reviewing, describing, analyzing, and summarizing some of the literature in the area. The first field examined was that of business intelligence (BI) and its necessary partnership with management accounting. Following the BI section is an examination of how software aids accounting analytics. Next up is the surging field of big data and how it is poised to revolutionize the accounting profession. Included in this area are the definitions of descriptive, predictive, and prescriptive analytics. The study found that many of the emerging technologies required more research at a rapid pace because of the importance that management accountants play in the success of organizations. An additional area impacted is accounting education because of the need for business schools to turn out graduates with the necessary skills to meet the needs of a changing accounting profession.

References

  1. Acito, F., & Khatri, V. (2014). Business analytics: Why now and what next? Business Horizons, 57(5), 565–570. https://doi-org.ezp.waldenulibrary.org/10.1016/j.bushor.2014.06.001
  2. Amato, N. (2016). Why the power of data is in the analysis. Journal of Accountancy. 54(2), pp-68-69. https://www.journalofaccountancy.com
  3. Andrei, G., Galmeanu R., & Radu, F. (2018). Managerial accounting - an essential component of the information system. Valahian Journal of Economic Studies, 9(2), 109–114. https://doi-org.ezp.waldenulibrary.org/10.2478/vjes-2018-0022
  4. Appelbaum, D., Kogan, A., Vasarhelyi, M., & Yan, Z. (2017). Impact of business analytics and enterprise systems on managerial accounting. International Journal of Accounting Information Systems, 25, 29–44. https://doi-org.ezp.waldenulibrary.org/10.1016/j.accinf.2017.03.003
  5. Brands, K. (2014). Big data and business intelligence for management accountants. Strategic Finance. 95(12), pp 64-65. https://sfmagazine.com/editorial-guidelines-submissions/
  6. Contrafatto, M., & Burns, J. (2014). Social and environmental accounting, organizational change and management accounting: A processual view. Management Accounting Research, 24(4), 349–365. https://doi-org.ezp.waldenulibrary.org/10.1016/j.mar.2013.10.004
  7. Dewu, K., & Barghathi, Y. (2019). The accounting curriculum and the emergence of Big Data. Accounting & Management Information Systems / Contabilitate Si Informatica de Gestiune, 18(3), 417–442. https://doi-org.ezp.waldenulibrary.org/10.24818/jamis.2019.03006
  8. Dzuranin, A. C., Jones, J.R., and Olvera, R.M. (2018). Infusing data analytics into the accounting  curriculum: A framework and insights from faculty. Journal of Accounting Education, 43, 24–39. doi: 10.1016/j.jaccedu.2018.03.004.
  9. Eng, A. C. (2018). Tomorrow’s management accountants. Strategic Finance, 6.  https://sfmagazine.com/
  10. Frey, C. B., & Osborne, M. A. (2017). The future of employment: How susceptible are jobs to computerisation? Technological Forecasting & Social Change, 114, 254–280. https://doi-org.ezp.waldenulibrary.org/10.1016/j.techfore.2016.08.019
  11. Hint, M., Popa, M.-A., Trif, M., & Bădescu, M. (2018). New dimensions of managerial accounting and its influences in an unstable environment. Annals of the University of Oradea, Economic Science Series, 27(1), 181–191. https://doaj.org/
  12. Huttunen, J., Jauhiainen, J., Lehti, L., Nylund, A., Martikainen, M., & Lehner, O. M. (2019). Big  Data, Cloud Computing and Data Science Applications in Finance and Accounting. ACRN Oxford Journal of Finance & Risk Perspectives, 8, 16–30. http://www.acrn-journals.eu/
  13. Ioana, M. T., Ioana, A. F., Nicoleta, D. G., & Gabriela, M.T. (2019). Know-how present status of insurances domain from the perspective of managerial accounting. Annals of the University of Oradea, Economic Science Series, 28(1), 194–202. https://doaj.org/
  14. Janvrin, D. J., & Weidenmier, W. M. (2017). “Big Data”: A new twist to accounting. Journal of Accounting Education, 38, 3–8. https://doi-org.ezp.waldenulibrary.org/10.1016/j.jaccedu.2016.12.009
  15. Kabir, M. R. (2019). Management accounting dynamics in bangladesh: Areas and factors behind the changes. Asia-Pacific Management Accounting Journal, 14(2), 51–77. https://apmaj.uitm.edu.my/
  16. Kose, T., & Agdeniz, Ş. (2019). The role of management accounting in risk management. Journal of Accounting & Finance, 509–525. https://doi-org.ezp.waldenulibrary.org/10.25095/mufad.607200
  17. La Torre, M., Botes, V.L., Dumay, J., Rea, M.A. & Odendaal, E. (2018). The fall and rise of intellectual capital accounting: new prospects from the Big Data revolution. Meditari Accountancy Research, 26(3), 381–399. https://doi-org.ezp.waldenulibrary.org/10.1108/MEDAR-05-2018-0344
  18. Lawson, R. (2019). New Competencies for Management Accountants. CPA Journal, 18–21. https://www.cpajournal.com/
  19. Moreno, V., Vieira da Silva, F. E. L., Ferreira, R., & Filardi, F. (2019). Complementarity as a Driver of Value in Business Intelligence and Analytics Adoption Processes. Revista Ibero-Americana de Estratégia (RIAE), 18(1), 57–70. https://doi-org.ezp.waldenulibrary.org/10.5585/ijsm.v18i1.2678
  20. Nicoletta, G. C. (2019). Management accounting: The boundary between traditional and modern. Journal of Academic Research in Economics, 11(2), 453–461. https://www.jare-sh.com/
  21. Nielsen, S. (2018). Reflections on the applicability of business analytics for management  accounting – and future perspectives for the accountant. Journal of Accounting & Organizational Change, 14(2), 167–187. https://doi-org.ezp.waldenulibrary.org/10.1108/JAOC-11-2014-0056
  22. Peters, M. D., Wieder, B., & Sutton, S. G. (2018). Organizational improvisation and the reduced usefulness of performance measurement BI functionalities. International Journal of Accounting Information Systems, 29, 1–15. https://doi-org.ezp.waldenulibrary.org/10.1016/j.accinf.2018.03.005
  23. Richins, G., Stapleton, A., Stratopoulos, T. C., & Wong, C. (2017). Big Data Analytics: Opportunity or Threat for the Accounting Profession? Journal of Information Systems, 31(3), 63–79. https://doi-org.ezp.waldenulibrary.org/10.2308/isys-51805
  24. Rikhardsson, P., & Yigitbasioglu, O. (2018). Business intelligence & analytics in management accounting research: Status and future focus. International Journal of Accounting Information Systems, 29, 37–58. https://doi-org.ezp.waldenulibrary.org/10.1016/j.accinf.2018.03.001
  25. Steen N. (2018). Reflections on the applicability of business analytics for management accounting – and future perspectives for the accountant. Journal of Accounting & Organizational Change, 14(2), 167–187. https://doi- org.ezp.waldenulibrary.org/10.1108/JAOC-11-2014-0056
  26. Tamandeh, S. (2016). The effect of business intelligence on management accounting information
  27. system. European Online Journal of Natural and Social Sciences, 5(1), pp. 190-199. http://european-science.com/eojnss
  28. Torres, R., & Sidorova, A. (2019). Reconceptualizing information quality as effective use in the context of business intelligence and analytics. International Journal of Information Management, 49, 316–329. https://doi- org.ezp.waldenulibrary.org/10.1016/j.ijinfomgt.2019.05.028
  29. Trigo, A., Belfo, F., & Estébanez, R. P. (2014). Accounting Information Systems: The Challenge of the Real-time Reporting. Procedia Technology, 16, 118–127. https://doi- org.ezp.waldenulibrary.org/10.1016/j.protcy.2014.10.075
  30. Tschakert, N., Kokina, J., Kozlowski, S., & Vasarhelyi, M. (2017). How Business Schools Can Integrate Data Analytics into the Accounting Curriculum. CPA Journal, 87(9), 10–12. Retrieved from https://search-ebscohost- com.ezp.waldenulibrary.org/login.aspx?direct=true&db=bth&AN=124942824&site=eds-live&scope=site
  31. Vultur, P. (2018). Study based on the importance of the information provided by management accounting on the managerial process in the joint stock companies in the north-east area of moldova. USV Annals of Economics & Public Administration, 18(1), 134–142. http://www.seap.usv.ro/annals/ojs/index.php/annals
  32. Warren, J., Moffitt, K. C., & Byrnes, P. (2015). How Big Data Will Change Accounting.  Accounting Horizons, 29(2), 397–407. https://doi-org.ezp.waldenulibrary.org/10.2308/acch-51069
bottom of page