The Initial Explosion of Metaverse Technologys Impact on Accounting

Abstract

Contemporary Metaverse programs all over the world demonstrate an upward trend, opening up a glorious prospect of the development of the digital economy. The meta-universe is achieved through and by using communication and arithmetic power, VR/AR devices, and artificial intelligence technology to virtualize and digitize the real-world process, which also provides a new imagination for the digital transformation of financial accounting. This paper aims to analyze how to transform and upgrade finance because of the principle of blockchain technology through reference and diagram analysis. The results of the research indicate that digital transformation like digitalization and intelligence of finance will be the trend, and the difference between financial accounting departments and sales departments might disappear. On this basis, it can be concluded that the accounting work would not be replaced or overturned, instead, workflow enhancement and a changing of work means occurred under the metaverse.