Big data analytics role in shaping the work of accounting function and accounting professionals

Abhishek Mukherjee, Umesh Sharma and Junliang Liu

Journal of Accounting & Organizational Change, 2025, vol. 21, issue 7, 272-306

Abstract: PurposeThis paper aims to examine how big data can be applied in accounting and identifies the competences future accountants at organizational level need to possess to remain competitive.Design/methodology/approachThis study used the association of chartered certified accountants (ACCA’s) framework and the technological, organization and environmental (TOE) theoretical framework to identify the skills and capabilities urgently needed by accounting professionals at the organizational level in the context of big data analytics. The authors conducted comprehensive content analysis of academic literature issues from professional accounting bodies, and reports of accounting practitioners to gain insights of competencies that accounting professionals at organizational level need to possess to be prominent in the big data era.FindingsThe findings show that in the big data era accounting professionals should acquire the seven competences to be competitive. The competencies are (1) skills in data analytic techniques and the use of statistical models; (2) knowledge of the business; (3) skills to control the risk from the emerging technologies; (4) skills and knowledge in accounting profession; (5) skills to understand the insights from big data analytics; (6) skills to test the quality, veracity and integrity of data; and (7) skills to communicate with others. The study also found that these competences do not exist alone. These competences are closely related to each other and complement each other, which means that accounting professionals cannot expect to stand out in the future competition by mastering only one or two of these seven competences.Research limitations/implicationsThe application of big data analytics is still in its infancy and its effects have yet to be confirmed so that there is no reliable case to collect and analyse. One limitation is the absence of practical case in this paper. The findings will help accounting professionals to understand the future of work.Practical implicationsThe findings will help accounting professionals to acquire new skills and knowledge in related areas and remain competitive in the post big data era.Social implicationsThis study highlights skills necessary for accountants to thrive in a big data era, emphasizing the shift from traditional accounting functions to roles that integrate advanced data capabilities and strategic insight.Originality/valueThis is one of the few papers that seek to explore the competencies required by accounting professional at organizational level in the big data era using the ACCA’s research of accountant’s professional quotients and TOE theoretical framework. This paper seeks to contribute to the literature on accounting professionals’ competencies at organizational level in the big data era. Big data analytics in accounting is influencing the evolution of accounting professionals’ competencies and is a key interest in accounting change literature. The nature of accounting work will undergo fundamental changes due to big data. Yet we know little about this due to big data being in its infancy stage in the accounting literature.

Keywords: Big data; Accountants; Skills and capabilities; Accounting professionals; Technological; organization and environment theory (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jaocpp:jaoc-08-2024-0255

DOI: 10.1108/JAOC-08-2024-0255

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