This study addresses important topics related to current developments in the field of accounting and their impacts. The accuracy of the information conveyed through financial statements is of great significance for both users of this information and participants in financial markets. To this end, this book, prepared with three significant developments in mind, first evaluates the changes in data demand brought about by digitalization to accurate financial forecasting. This is critical because being able to make accurate financial forecasts regarding the content and accuracy of information disclosed through financial reporting is essential for businesses to make strategic decisions and achieve sustainable growth objectives.

In this context, understanding the changes in data demand and the role of big data in financial forecasts have become one of the most important issues of our day. The development of data structures and analytical techniques offers professionals in the finance sector the opportunity to make more accurate and reliable forecasts. The analysis and interpretation of secondary data are also of vital importance in financial analysis processes. A meticulous examination of financial data minimises the effects of negative situations such as errors and fraud and thus allows for healthier forecasts. Despite all these developments, however, keeping up with new technological tools in the field of accounting and ensuring data protection standards also poses a separate challenge.

In this context, understanding the changes in data demand and the role of big data in financial forecasting has become one of the most important issues of our time. The development of data structures and analytical techniques provides finance professionals with the opportunity to make more accurate and reliable predictions. The analysis and interpretation of secondary data in financial analysis processes also hold vital importance. Careful examination of financial data minimizes the effects of negative situations such as errors and fraud, thereby allowing for healthier forecasts. The impact of advancements in artificial intelligence technologies is significant in this regard. However, despite all these developments, keeping up with new technological tools in the field of accounting and ensuring compliance with data protection standards presents an additional challenge.

In the second part of the study, economic instabilities and the effects of inflation stand out as important elements to be considered in financial reporting. Inflation accounting practices directly affect not only the accuracy of financial statements but also the tax burden. Thus, changes in this area should be closely monitored.

In the third part of the study, professional developments affecting future expectations in the fields of financial reporting and accounting and finance are included. In this context, sustainability reporting is increasingly gaining importance along with environmental concerns within the framework of the green taxonomy concept. Considering environmental, social and governance (ESG) criteria both meets the expectations of investors and contributes to the long-term value creation of companies.

As a result, with the increasing importance of financial innovation, it has become inevitable to think about the future of the sector. The digitalization process transforms reporting methods and necessitates the development of personal skills. The topics covered in this book aim to contribute to the development of financial management strategies by providing readers with up-to-date information. We hope to enrich the knowledge of our readers through theoretical knowledge supported by detailed examinations in each chapter and practical application examples.