Protect the business and prevent financial losses

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Reference no: EM133415827

Question: Data analytics is an important area of study for future accountants. It has the potential to improve decision-making, increase efficiency, and improve risk management. One article in the KU Library is "The Rise of Data Analytics in Accounting: Opportunities and Challenges" by Ahmed Aljojo and Zahirul Hoque (2020). Three reasons why data analytics is an important area of study for future accountants to help improve business operations are Better Decision Making, providing them with insights and trends that they may have missed through traditional methods. Increased Efficiency, accountants can spend less time on manual data entry and more time analyzing and interpreting data. Finally, Improved Risk Management, this can help protect the business and prevent financial losses.

Reference no: EM133415827

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