Application of Big Data Analysis in Identifying Problems in Financial Reporting of BYD Company
Yi-cheng Huang, Liu-xia Han, Wei-hao Xie
Abstract
With the advancement of technology, big data has been applied to various industries and fields. Its emergence has also sparked a revolution in accounting information processing and transmission technology. In the era of big data, the environment for corporate financial management is changing. For the new energy vehicle industry, the governments subsidy intensity for related enterprises has been continuously shrinking since 2017. In addition, the limited capabilities of enterprises themselves have brought enormous financial pressure to new energy vehicle enterprises. Therefore, for new energy vehicle enterprises, it is particularly important to avoid financial risks and enhance financial stability in this period. Therefore, this article takes BYD Company as a case study and uses big data analysis methods to identify the problems in cash flow, operational capacity, and debt repayment ability in financial reports, and proposes several improvement measures to adapt to the requirements of enterprise development in the new era of big data.
Keywords
Big data analysis; BYD; Financial reporting issues; Countermeasures
References
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