Towards Integrating Advanced Database Concepts Into Accounting

Abstract

This paper provides a review of several recently developed, advanced database technologies which could dramatically affect current accounting practice. These technologies are discussed in the context of a proposed taxonomy along four specified dimensions. The paper also provides a description of each of these technologies and an associated table of key concepts as well as a definition or description. The paper discusses the advantages and disadvantages of each of these newer technologies and their applicability to the accounting function in companies. Where appropriate, concrete examples of accounting applications for these technologies are provided.