Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2023 International Conference on Management Research and Economic Development
Series Vol. 19 , 13 September 2023
Open
Access | Article
The Initial Explosion of Metaverse Technology’s Impact on Accounting
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Abstract
Contemporary Metaverse programs all over the world demonstrate an upward trend, opening up a glorious prospect of the development of the digital economy. The meta-universe is achieved through and by using communication and arithmetic power, VR/AR devices, and artificial intelligence technology to virtualize and digitize the real-world process, which also provides a new imagination for the digital transformation of financial accounting. This paper aims to analyze how to transform and upgrade finance because of the principle of blockchain technology through reference and diagram analysis. The results of the research indicate that digital transformation like digitalization and intelligence of finance will be the trend, and the difference between financial accounting departments and sales departments might disappear. On this basis, it can be concluded that the accounting work would not be replaced or overturned, instead, workflow enhancement and a changing of work means occurred under the metaverse.
Keywords
metaverse, accounting, finance, accounting transformation, Web 3.0
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2023 International Conference on Management Research and Economic Development
- ISBN (Print)
- 978-1-915371-81-2
- ISBN (Online)
- 978-1-915371-82-9
- Published Date
- 13 September 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/19/20230121
- Copyright
- 13 September 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited