Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022)

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The Opportunities and Challenges of the New Technology Introduced in Accounting Profession

Authors
Siqi Yu1, *
1Lancaster University, Lancaster, LA1 4YW, Lancashire, UK
*Corresponding author. Email: ylzxx6688@163.com
Corresponding Author
Siqi Yu
Available Online 29 March 2023.
DOI
10.2991/978-94-6463-124-1_48How to use a DOI?
Keywords
Technology; Accounting Profession; Blockchain; Cloud Computing; Big Data; Digitalization
Abstract

The process of introducing new technologies into various industries keeps building rapidly in recent years and the tendency has already spread to the accounting profession as well. The existing technologies bring the accounting profession significant changes as well as potential risks and unknown challenges at the same time. By using secondary research and a data analysis, this study focuses on the three new technologies, blockchain, cloud computing, and big data, to discuss both the strengths and weaknesses they take to the accounting industry. This paper also looks at the effect on students and workers in the accounting area after the application of new technologies and whether there are any possibilities that these new technologies can replace human. To conclude, the opportunities brought by the introduction of new technologies in the development of the accounting profession outweigh the related risks. All employees in the accounting industry should take a positive attitude to face this technology revolution.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
29 March 2023
ISBN
978-94-6463-124-1
ISSN
2352-5428
DOI
10.2991/978-94-6463-124-1_48How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Siqi Yu
PY  - 2023
DA  - 2023/03/29
TI  - The Opportunities and Challenges of the New Technology Introduced in Accounting Profession
BT  - Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022)
PB  - Atlantis Press
SP  - 405
EP  - 420
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-124-1_48
DO  - 10.2991/978-94-6463-124-1_48
ID  - Yu2023
ER  -