Proceedings of the 2nd International Conference on Internet, Education and Information Technology (IEIT 2022)

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The Empowerment and Subversion of Financial Technology to Accounting Information System

Authors
Yuxue Chen1, Xiaoya Hu1, *, Die Hu2
1Sichuan University Jinjiang College, Chengdu, China
2Wuhan Donghu University, Wuhan, China
*Corresponding author. Email: hd@wdu.edu.cn
Corresponding Author
Xiaoya Hu
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-058-9_7How to use a DOI?
Keywords
Financial Technology; Accounting Information Systems; Numbers and Data; Accounting Algorithms; Value Report
Abstract

Since the founding of the People's Republic of China, the "management activity theory" has been officially recognized in the discussion of the nature of accounting; however, the research on "information system theory" has never stopped. In the era of digital economy, accounting information systems are facing unprecedented challenges, and it is imperative to incorporate data assets into financial statements. Furtherly, from another perspective, based on the empowerment and subversion of financial technology, the development of accounting information systems can be described as even more powerful. To this end, the author proposes: firstly, the company should reshape the accounting information system based on "blockchain technology" and replace "numbers" with "data"; secondly, the researchers should use "big data + machine learning" to reconstruct accounting algorithms to realize financial calculation and forecasting; and Finally, the accounting authority should add data asset elements to the balance sheet, and add an enterprise value report for investment investors to realize the real-time and visualization of information disclosure.

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 2nd International Conference on Internet, Education and Information Technology (IEIT 2022)
Series
Advances in Computer Science Research
Publication Date
27 December 2022
ISBN
10.2991/978-94-6463-058-9_7
ISSN
2352-538X
DOI
10.2991/978-94-6463-058-9_7How 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  - Yuxue Chen
AU  - Xiaoya Hu
AU  - Die Hu
PY  - 2022
DA  - 2022/12/27
TI  - The Empowerment and Subversion of Financial Technology to Accounting Information System
BT  - Proceedings of the 2nd International Conference on Internet, Education and Information Technology (IEIT 2022)
PB  - Atlantis Press
SP  - 33
EP  - 38
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-058-9_7
DO  - 10.2991/978-94-6463-058-9_7
ID  - Chen2022
ER  -