Research on the Impact of Financial Technology on Traditional Accounting Models

Abstract

In the context of the rapid development of financial technology, its impact on traditional accounting models has aroused widespread concern in the academic and industry circles. This study systematically explores the specific impact offintech on traditional accounting models. The research results show that financial technology has promoted the transformation of accounting work methods, facilitated the digital transformation of the accounting industry, and spawned new accounting business models. At the same time, this change also brings a series of challenges, including technology acceptance, data security and ethical issues. The desired findings point to the need for future research to delve into how to effectively address these challenges while driving innovation. In addition, policymakers need to fully consider the protection of data security and user privacy while encouraging innovation.