ABSTRACT
This chapter aims to discuss opportunities and challenges which arise through the use of Big Data for management accounting. It outlines understanding of Big Data and management accounting. The chapter focuses on opportunities for management accounting due to Big Data, after which possible challenges. Big Data also confronts management accountants with new challenges in the decision support of executives. Like the term "Big Data", the current literature presents no consistent definition of the term "management accounting". The term Big Data is frequently used in corporate practice, as well as in scientific research. Nonetheless, the term is often interpreted quite differently. For corporate management more generally and for particular business functions, such as management accounting, Big Data offers many opportunities. The chapter concludes with a summary of the most important findings and potential avenues for further research on Big Data in management accounting.
