MBA Careers: Cloud Computing, Big Data At Heart Of Accountancy Transformation
October 12, 2015
Grazed from BusinessBecause. Author: Seb Murray.
The technologies behind cloud computing and data analytics are set to alter the future of the accountancy landscape and with it the careers of future CFOs. As the big accounting firms — among them PwC, KPMG, EY and Deloitte — face growing challenges from disruptive tech companies like Google and SAP, their employees must master new digital tools.
Nick Frost, partner at KPMG in the UK, says: “To deal with this real threat we must become the best at accountancy-based or financial process data analytics.” The biggest growth in demand is for budding auditors who can trawl through vast quantities of big data using advanced analytics. “Big data is starting to take hold on the industry, with the Big Four leading the way,” says Alex Stremme, assistant dean at Warwick Business School…
Richard Anning, head of IT faculty at accountancy body ICAEW, says that it is now possible to test 100% of transactions rather than a sample — “which enables greater emphasis on exceptions, outliers and profiling the riskiest transactions”…
Read more from the source @ http://www.businessbecause.com/news/mba-careers/3521/mba-careers-cloud-and-data-transform-accounting