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Digitization and Financial Reporting – How Technology Innovation May Drive the Shift toward Continuous Accounting

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  • Sean Stein Smith

Abstract

Technological forces, including but not limited to blockchain and artificial intelligence platforms, are driving change not only in the accounting profession, but business at large. In a business environment where data is produced nearly continuously, and stakeholder groups expect an increasing variety of information, current accounting processes do not appear sufficient. This research examines and applies current market forces, linked to both technology, including an analysis of both blockchain and artificial intelligence, and the increased influence of stakeholders on the reporting process, to do the following. First, an analysis of items to consider and review as the shift toward more continuous accounting and reporting begins is postulated. Second, and arguably more important for the combined practitioner and academic audience this research is intended for, implications and applications of more continuous accounting are put forth to assist as individuals and organizations embrace this transformative process.

Suggested Citation

  • Sean Stein Smith, 2018. "Digitization and Financial Reporting – How Technology Innovation May Drive the Shift toward Continuous Accounting," Accounting and Finance Research, Sciedu Press, vol. 7(3), pages 240-240, August.
    • Handle: RePEc:jfr:afr111:v:7:y:2018:i:3:p:240
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    References listed on IDEAS

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    1. Marie-Hélène Delmond & Fabien Coelho & Alain Keravel & Robert Mahl, 2017. "How Information Systems Enable Digital Transformation: A Focus on Business Models and Value Co-Production," Post-Print hal-01695504, HAL.
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    Cited by:

    1. Helmi Hentati & Neila Boulila Taktak, 2023. "Unlocking Technological Capabilities to Boost the Performance of Accounting Firms," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 22(4), pages 631-656, December.
    2. Iryna Kravchenko, 2022. "Implementation of Digital Economy Tools in Statistical Analysis, Accounting and Audit," Oblik i finansi, Institute of Accounting and Finance, issue 3, pages 12-20, September.

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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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