The applications of Fintech in Accounting
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DOI: 10.23977/wepm2021.019
Corresponding Author
Yihan Wang
ABSTRACT
With the continuous development of the social economy, the competition in the financial market is becoming more and more fierce. Traditional accounting and its methods can no longer meet the needs of the rapidly developing economy. Therefore, financial technology intervenes in the field of accounting with its advanced technology and rich information and computing power. This paper studies the specific applications, core technologies and principles of blockchain, cloud computing and big data in the field of accounting at the present stage. In this study, three methods are used to summarize the specific aspects, risks, technical problems and talent training of the three in real life. The technologies, application aspects and technical risks involved in the three are comprehensively enumerated and summarized one by one. This paper puts forward some suggestions for traditional accounting to eliminate the bias against relevant technologies, cultivate relevant talents and promote the improvement of efficiency and preciseness in the field of accounting.
KEYWORDS
Fintech, Accounting, Social Economy, Financial Market, Blockchain