The Impact of the Big Data on Managerial Accounting and its Reflecting on the Requirements of Sustainable Development (Conceptual Study)

Abstract

We can mention some significant developments and valuable changes have been happened during the third millennium on Information Technology and its usage at business & finance world, that lead to disclosure the direct and indirect effects on Accounting in general and on Managerial Accounting in particularly.

The measurement transactions of the Big Data required to develop the infrastructure in order to provide the analysis of the Big Data that lead to make active decisions as a part of Managerial Accounting Functions, based on the primary and subsidiary characters of accounting information.

Usually the Big Data is classifying into some categories and sets of data such as primary and subsidiary structured and non- structured data groups in different forms such as texts, financial and non-financial information, statistical data, videos, audios, images, charts, schedules, and other forms. 

All those new changes lead the managerial accountants to face some challenges to use the big data effectively, with low costs and more valuable contributions in order to make the ideal decisions. Moreover, those procedures will affect positively on achieving the sustainable development goals, especially the Education, Information Technology, and Economic Growth goals.