From Bean Counters to Bean Growers: Accountants as Data Analysts—A Customer Profitability Example

Pickard, Matthew D.; Cokins, Gary

doi:10.2308/isys-51180

Cited by 18 publications

(15 citation statements)

References 1 publication

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“…For example, Krahel and Titera (2015, 411) describe the technological advances that can “enable faster and more articulate data collection and transmission” and can improve costing, present value calculations, and estimates. Brown‐Liburd et al (2015) acknowledge that it is necessary to use new tools to harness these large quantities of data, and Gray and Debreceny (2014) provide an example by explaining how data mining can facilitate auditors' work when clients have large quantities of electronic data (also see Pickard and Cokins 2015 and Perols et al 2017). Schmidt et al (2020) investigate the reluctance of some accountants to adopt data analytics in spite of these benefits.…”

Section: Theoretical Underpinningsmentioning

confidence: 99%

The Data Analytics Journey: Interactions Among Auditors, Managers, Regulation, and Technology*

Austin

Carpenter²,

Christ³

et al. 2021

Contemporary Accting Res

104

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Data analytics is transforming our global markets and significantly impacting the financial reporting environment. We investigate how auditors, company managers, and regulation interact with data analytics and one another to affect the diffusion (i.e., development and spread) of data analytics throughout the financial reporting environment. We interview company managers and their audit partners, as well as additional stakeholders, including regulators. We interpret findings from our interviews using theory that highlights the importance of dynamic interactions between people and their environments, which include the prevailing rules (e.g., regulatory guidance). Our findings contribute to the accounting literature and practice by revealing three areas of conflict emerging from stakeholders' disparate preferences for data analytics. First, we uncover growing tensions between managers and audit partners regarding audit fees. Second, we find that managers and auditors believe the lack of accounting regulation specific to data analytics causes confusion and frustration. Finally, auditors report that they strategically leverage data analytics to provide clients with business‐related insights. However, regulators voice concerns that this practice might impair auditor independence and reduce audit quality. These areas of conflict suggest a need to revisit key tensions surrounding the audit function in a contemporary context characterized with significant technological shift.

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Section: Theoretical Underpinningsmentioning

confidence: 99%

The Data Analytics Journey: Interactions Among Auditors, Managers, Regulation, and Technology*

Austin

Carpenter²,

Christ³

et al. 2021

Contemporary Accting Res

104

View full text Add to dashboard Cite

show abstract

“…through simulations of the planning phases, but also encourage themselves to accompany them critically, in order to distinguish themselves from the newly professional area "Data Scientist" [6]. Pickard down strategic relationships from the self-generated data [38]. Technological progress with new tools would make it possible to prepare better decisionmaking bases [39].…”

Section: Literature Reviewmentioning

confidence: 99%

“…However, this leads to a need of methodological and professional competences as well as a thorough understanding of the relationships. Especially the article of Pickard and Cokins resulted in the thesis, that MAs have so far barely developed competences to track down strategic relationships from the self-generated data [38]. Gaensslen explicitly points to emerging knowledge in the areas of statistics and information technology [42].…”

Section: Proposition 3: Current It Competencies Of Mas Do Not Meet Thmentioning

confidence: 99%

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Understanding the Changing Role of the Management Accountant in the Age of Industry 4.0 in Germany

Wadan¹,

Teuteberg²,

Bensberg³

et al. 2019

Proceedings of the Annual Hawaii International Conference on System Sciences

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Currently, business processes are undergoing a transformation through digitalization. In the course of this development, "Industry 4.0" also has an impact on management accounting and IT systems. By promising technical development and improvement of management accounting processes, the conventional roles are challenged and the introduction of new occupational fields is prognosticated. However, in theory and practice, the impact of industry 4.0 (I4.0) on management accounting has not been considered adequately so far. Against this background, the primary goal of this study is to investigate the implications of I4.0 on management accounting by means of a triangulation approach. The results of expert interviews, a literature review and an analysis of job advertisements provide an overview on the development of competencies of Management Accountants (MA) in Germany. The results have highlighted a closer cooperation of MA and Data Scientists. Additionally, there will be a shift from traditional analysis towards statistical analysis methods.

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“…Mastering Predictive Analytics, MAs have the opportunity to own, analyze and drive a larger part of an organization's data, using procedures arraying from simple financial ratios to more forward-thinking techniques such as regression, clustering and factor analysis (Cokins 2014;Pickard and Cokins 2017). Thus, Prescriptive Analytics goes beyond the Predictive Analytics by endorsing one or more recommendation and solution and displaying the potential outcome (Appelbaum et al 2017).…”

Section: Challenges To Adapt the Ma's Skills To The New Tasks And Responsibilities Regarding Bd And Damentioning

confidence: 99%

Big Data’s Disruptive Effect on Job Profiles: Management Accountants’ Case Study

Tiron-Tudor

2021

JRFM

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The abundance of new innovative data sources creates opportunities and challenges for all professions and professionals working with information. One of these professionals is the management accountant (MA). Although their tasks have expanded over time and especially recently, MAs have not fully employed all the available internal and external data sources to describe, diagnose, visualize, predict and prescribe possible solutions that enable smart decisions with positive effects on businesses. Thus, the paper investigates the impact of Big Data, including Data Analytics, on MA’s job profile. Through a review of the most recent academic and professional publications, the paper contributes to the debate surrounding the redefinition of the role of MAs in organizations in a novel informational perspective of Abbott’s theory. The results could serve as a research agenda and incentive for further studies, as well as provide MAs with a guide on the topic of the enlargement of their role(s), respectively, the augmentation of their tasks and responsibilities regarding the analysis of Big Data. Furthermore, the research may provide both a rich and flexible framework to help practitioners in their analysis of potential risks, opportunities and challenges when handling Big Data, and a lens for professional accounting associations and bodies by helping them to prioritize the holding and seizing of jurisdictions as an imperative part of safety and security.

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From Bean Counters to Bean Growers: Accountants as Data Analysts—A Customer Profitability Example

Cited by 18 publications

References 1 publication

The Data Analytics Journey: Interactions Among Auditors, Managers, Regulation, and Technology*

The Data Analytics Journey: Interactions Among Auditors, Managers, Regulation, and Technology*

Understanding the Changing Role of the Management Accountant in the Age of Industry 4.0 in Germany

Big Data’s Disruptive Effect on Job Profiles: Management Accountants’ Case Study

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