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November 8, 2024

Research the history of data in accounting, think about the future of data analytics and data management in accounting.

Research the history of data in accounting, think about the future of data analytics and data management in accounting. Select an area of accounting that interests you (governmental, financial, fraud, etc) and discuss what specific data can be used to solve a problem or situation in the workplace. For example, a city is trying to budget for roads and trying to determine the best way to use those funds. The data used for this decision may be demographic information on who would use the roads the most, the historical trend data on when the road was last resurfaced, etc. Also discuss how new technology and data analytics can work to overcome the situation you identified in the area of accounting you selected. Be sure to give specific examples and back up your statements with peer reviewed literature from the library.

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