Analyzing the Role of Predictive Analytics in Modern Accounting and Financial Reporting Frameworks
Posted: Aug 13, 2023
Abstract
The integration of predictive analytics into accounting and financial reporting represents a paradigm shift in how financial information is processed, analyzed, and utilized for decision-making. Traditional accounting frameworks have historically emphasized historical data recording and compliance-oriented reporting, with limited capacity for forward-looking analysis. However, the increasing complexity of global financial markets, coupled with the exponential growth of financial data, has created an urgent need for more sophisticated analytical approaches that can enhance the predictive capabilities of accounting systems. This research addresses this need by introducing a novel quantum-inspired predictive analytics framework specifically designed for accounting applications.
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