Big data and big data analytics have been in use in various industries over the past decade. According to forecasts, big data technology is expected to grow and services that will benefit from it are expected to increase by over 30 this year percent according to International Data Corporation. Among the industries that will gain from the advancement of big data are accounting and finance. Although the application of big data in this industry is still in its early stages, it is already showing huge potential to change the industry and the accounting profession for the better.