Challenges and Prospect for Management Accounting in Industry 4.0

Yook, Keun Hyo

doi:10.31507/kjmar.2019.4.19.1.33

Cited by 2 publications

(2 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The opportunities offered by digital technologies are substantial. Many processes within accounting and managerial information systems are made more efficient through innovation and digitization [ 9 , 10 , 11 , 12 , 13 , 14 , 15 , 16 , 17 , 18 , 85 , 86 , 87 ], contributing to healthcare organizations’ high performance [ 10 , 38 , 39 , 40 , 41 , 42 , 43 , 44 , 45 , 46 , 47 , 48 , 49 , 50 , 51 , 52 , 53 , 54 , 55 , 56 , 57 , 58 , 59 , 60 , 61 , 62 , 63 , 64 , 65 , 66 , 67 , 68 , 69 ]. However, there are also several risks, obstacles, and challenges.…”

Section: Discussionmentioning

confidence: 99%

“…AI technology reduces the time allocated by accountants to intermediate processing by allowing them to engage in higher-value activities: decision-making, monitoring costing processes, and updating or modifying AI costing tools improving performance in all AM activities and contributing to increased transparency [ 6 , 45 , 46 ]. In addition, AI facilitates the analysis and interpretation of accounting information, enabling price management decisions [ 15 , 47 ]. In the field of costing, AI is also used to estimate target costs, using analogical and parametric cost estimation methods based on historical costs.…”

Section: Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

Assessing Digital Transformation of Cost Accounting Tools in Healthcare

Vărzaru

2022

IJERPH

View full text Add to dashboard Cite

The expansion of digital technologies has significantly changed most economic activities and professions. Digital technologies penetrated managerial accounting and have a vast potential to transform this profession. Implementing emerging digital technologies, such as artificial intelligence, blockchain, the Internet of Things, big data, and cloud computing, can trigger a crucial leap forward, leading to a paradigm-shifting in healthcare organizations’ accounting management. The paper’s main objective is to investigate the perception of Romanian accountants on implementing digital technologies in healthcare organizations’ accounting management. The paper implies a study based on a questionnaire among Romanian accountants who use various digital technologies implemented in traditional and innovative cost accounting tools. Based on structural equation modeling, the results emphasize the prevalence of innovative tools over traditional cost accounting tools improved through digital transformation, digital technologies assuming the most complex and time-consuming tasks. Moreover, the influence of cost accounting tools improved through digital transformation on healthcare organizations’ performance is much more robust in the case of innovative tools than in the case of traditional cost accounting tools. The proposed model provides managers in healthcare organizations with information on the most effective methods in the context of digital transformation.

show abstract

Section: Discussionmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Assessing Digital Transformation of Cost Accounting Tools in Healthcare

Vărzaru

2022

IJERPH

View full text Add to dashboard Cite

show abstract

A Study on the Transformation of Accounting Based on New Technologies: Evidence from Korea

Yoon

2020

Sustainability

View full text Add to dashboard Cite

This study identifies the new accounting technologies into Cloud, Artificial Intelligence, Big Data, and Blockchain, and introduces the case of Korean companies applying new technologies to their accounting process. The purpose of this study is to help understand accounting technologies and provide examples of the adoption of these technologies in actual practice. To achieve this aim of the study, a systematic review of the literature of the major academic publications and professional reports and websites was used as a research methodology. In order to select the cases, it performed the analytical process of reviewing Korean major business and economic newspaper articles. This study provides evidence from Korea to companies contemplating the transformation of their accounting process using technology. Such companies can consider the cases presented in this study as a benchmark. It also offers guidance for the application of technologies to accounting practices for businesses and related researchers. The technology transformation is expected to be accelerated, especially after COVID-19. Therefore, it is necessary to understand and explore ways to effectively apply them. Further, while new technologies offer many opportunities, associated risks and threats should be addressed.

show abstract

Challenges and Prospect for Management Accounting in Industry 4.0

Cited by 2 publications

References 0 publications

Assessing Digital Transformation of Cost Accounting Tools in Healthcare

Assessing Digital Transformation of Cost Accounting Tools in Healthcare

A Study on the Transformation of Accounting Based on New Technologies: Evidence from Korea

Contact Info

Product

Resources

About