The Future Of Accounting Profession in The Industrial Revolution 4.0: Meta-Synthesis Analysis
Abstract
Various appearances of applied technology, such as Artificial Intelligence (AI), Internet of Things (IoT), and Big Data are all Industrial Revolution 4.0 characteristics that can change the business model. This research aims to explore how the advancement of Industrial Revolution 4.0 technology might disrupt the accounting profession. This research applied meta-synthesis method. The results of this study illustrated that the importance of development in the accounting sector is to keep pace with technological advances in industry 4.0. This must be balanced with the development of knowledge in the field of accounting so that all types of development can be carried out as well as possible. The findings showed that the appearance of various kinds new technology had a very significant impact in the development of the accounting profession. Further research should be able to discuss the Industrial Revolution 4.0 impact in more depth and can be linked to other accounting professions, such as internal auditors.
Keywords: Accounting Profession; Industrial Revolution 4.0; Technology.
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References
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Machkour, B., & Abriane, A. (2020). ScienceDirect ScienceDirect its Implications its Implications the Financial Sector. Procedia Computer Science, 177, 496–502. https://doi.org/10.1016/j.procs.2020.10.068
Min Cao ; Roman Chychyla ; Trevor Stewart. (2015). Big Data Analytics in Financial Statement Audits. Accounting Horizons, 29(2), 423–429. https://doi.org/10.2308/acch-51068
Moll, J., & Yigitbasioglu, O. (2019). The role of internet-related technologies in shaping the work of accountants: New directions for accounting research. British Accounting Review, 51(6), 100833. https://doi.org/10.1016/j.bar.2019.04.002
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Prajanto, A. P., & Dian Pratiwi, R. (2019). p-ISSN 2526-4440 e-ISSN 2086-3748. Industrial Revolution 4.0: Design of Financial Accounting System and Transaction Development, 10(1), 133–148.
Pratolo, S. (2015). Information Technology and the Role of Management Accountants, a Strategic Management Supporter in Achieving Competitive Advantage. Journal of Accounting and Investment, 1(2), 68–76. https://doi.org/10.1017/CBO9781107415324.004
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Surianti, M. (2020). Development of Accounting Curriculum Model Based on Industrial Revolution Approach. Research Journal of Finance and Accounting, 11(2), 116–123. https://doi.org/10.7176/rjfa/11-2-12
Tata Rini, Y. (2019). Parsing the Accounting Roadmap for the Industrial Age 4.0. Journal of Management and Accounting Sciences, 7(1), 58. https://doi.org/10.33366/ref.v7i1.1339
Tektüfekçi, F. (2019). A Bibliometric Analysis of Industry 4.0-Focused Turkish E-Accounting Applications. Procedia Computer Science, 158, 602–608. https://doi.org/10.1016/j.procs.2019.09.094
Tran & Phan. (2019). Impact of Industrial Revolution 4 . 0 to the Accounting Industry in Vietnam. 5.
Wadan, R., Teuteberg, F., Bensberg, F., & Buscher, G. (2019). Understanding the Changing Role of the
Management Accountant in the Age of Industry 4.0 in Germany. Proceedings of the 52nd Hawaii International Conference on System Sciences, 5817–5826. https://doi.org/10.24251/hicss.2019.702
Wahyuni, T. (2020). The Role of Information Technology in Supporting Accountant Profession in the Era of Industrial Revolution 4.0. 426(Icvhe 2018), 256–264. https://doi.org/10.2991/assehr.k.200331.150
Zhang, Y., Xiong, F., Xie, Y., Fan, X., & Gu, H. (2020). The Impact of Artificial Intelligence and Blockchain on the Accounting Profession. IEEE Access, 8, 110461–110477. https://doi.org/10.1109/ACCESS.2020.3000505
Akhter, A., & Sultana, R. (2018). Sustainability of Accounting Profession at the Age of Fourth Industrial Revolution. International Journal of Accounting and Financial Reporting, 8(4), 139. https://doi.org/10.5296/ijafr.v8i4.13689
Al-abedi, L. T. K., & Ali, K. (2020). Big Data and Its Accounting Effects between Challenges and Opportunities : A Literature Review L . Hussein Ali Mohaisen. November. https://doi.org/10.31272/JAE.43.2020.124.A7
Association of Chartered Certified Accountants (ACCA). (2013). Technology trends: Their impact on the global accountancy profession. Acca, 1–16. www.accaglobal.com/futures%0Ahttp://www.accaglobal.com/content/dam/acca/global/PDF-technical/futures/pol-af-ttti.pdf
Association of Chartered Certified Accountants (ACCA). (2016). The Future of Audit. CFA Institute Magazine, 27(3), 55–55. https://doi.org/10.2469/cfm.v27.n3.18
Burritt, R., & Christ, K. (2016a). Industry 4.0 and environmental accounting: a new revolution? Asian Journal of Sustainability and Social Responsibility, 1(1), 23–38. https://doi.org/10.1186/s41180-016-0007-y
Burritt, R., & Christ, K. (2016b). Industry 4.0 and environmental accounting: a new revolution? Asian Journal of Sustainability and Social Responsibility, 1(1), 23–38. https://doi.org/10.1186/s41180-016-0007-y
Cotteleer, M., & Sniderman, B. (2017). Forces of change: Industry 4.0. Deloitte Insights, 1–20. https://doi.org/10.1007/s11947-009-0181-3
Damayanti, C. R. (2019). Accounting and Its Challenges in the New Era. 93(AICoBPA 2018), 81–83. https://doi.org/10.2991/aicobpa-18.2019.19
Daniel, B. (2015). Big Data and analytics in higher education: Opportunities and challenges. British Journal of Educational Technology, 46(5), 904–920. https://doi.org/10.1111/bjet.12230
De Jesus, S. M. S., Freire Campos, J., & De Oliveira Junior, A. M. (2020). the Technological Revolution and the New Profile of the Accounting Professional With the Entry of Digital Innovation. International Journal for Innovation Education and Research, 8(2), 221–229. https://doi.org/10.31686/ijier.vol8.iss2.2200
Dirican, C. (2015). The Impacts of Robotics, Artificial Intelligence On Business and Economics. Procedia - Social and Behavioral Sciences, 195, 564–573. https://doi.org/10.1016/j.sbspro.2015.06.134
Gamage, P. (2016). Big Data: are accounting educators ready? Journal of Accounting and Management Information Systems, 15(3), 588–604.
Ghasemi, M., Shafeiepour, V., Aslani, M., & Barvayeh, E. (2011). The impact of information technology (it) on modern accounting systems. Procedia - Social and Behavioral Sciences, 28, 112–116. https://doi.org/10.1016/j.sbspro.2011.11.023
Greenman, C. (2017). Exploring the Impact of Artificial Intelligence on the Accounting Profession. Journal of Research in Business, Economics and Management, 8(3), 1451–1454. www.scitecresearch.com/journals/index.php/jrbem/index%0Awww.scitecresearch.com
Halmi. (2018). Improvement Of Accountant Professional Capacity In Facing The Era Of Industrial Revolution 4.0 By Revitalizing Accounting Curriculum Through Integrating Information Technology. Era, Menghadapi Industri, Revolusi, 199–205.
Handoko, B. L., Mulyawan, A. N., Samuel, J., Rianty, K. K., & Gunawan, S. (2019). Facing industry revolution 4.0 for millennial accountants. International Journal of Innovative Technology and Exploring Engineering, 9(1), 1037–1042. https://doi.org/10.35940/ijitee.A4681.119119
Issa, H., Sun, T., & Vasarhelyi, M. A. (2016). Research ideas for artificial intelligence in auditing: The formalization of audit and workforce supplementation. Journal of Emerging Technologies in Accounting, 13(2), 1–20. https://doi.org/10.2308/jeta-10511
Iswanto, A. C., & Wahjono. (2019). Pengaruh Revolusi Industri 4.0 Terhadap Ilmu Akuntansi. Jurna Ilmiah INFOKAM, 1(1), 1–6.
Khanh, lam T. (2018). Impact Of Industrial Revolution 4.0 (Industry 4.0) To The Accounting Profession In Vietnam (Issue September). https://www.researchgate.net/publication/327933242
Kruskopf, S, Lobbas, C., Meinander, H., & Söderling, K. (2019). Digital Accounting: Opportunities, Threats and the Human Factor. ACRN Oxford Journal of Finance and Risk Perspectives, 8, 1–15.
Kruskopf, Shawnie, Lobbas, C., Meinander, H., Söderling, K., Martikainen, M., & Lehner, O. (2020). Digital Accounting and the Human Factor: Theory and Practice. ACRN Journal of Finance and Risk Perspectives, 9(1), 78–89. https://doi.org/10.35944/jofrp.2020.9.1.006
Luo, J., Meng, Q., & Cai, Y. (2018). Analysis of the Impact of Artificial Intelligence Application on the Development of Accounting Industry. Open Journal of Business and Management, 06(04), 850–856. https://doi.org/10.4236/ojbm.2018.64063
Machkour, B., & Abriane, A. (2020). ScienceDirect ScienceDirect its Implications its Implications the Financial Sector. Procedia Computer Science, 177, 496–502. https://doi.org/10.1016/j.procs.2020.10.068
Min Cao ; Roman Chychyla ; Trevor Stewart. (2015). Big Data Analytics in Financial Statement Audits. Accounting Horizons, 29(2), 423–429. https://doi.org/10.2308/acch-51068
Moll, J., & Yigitbasioglu, O. (2019). The role of internet-related technologies in shaping the work of accountants: New directions for accounting research. British Accounting Review, 51(6), 100833. https://doi.org/10.1016/j.bar.2019.04.002
Munoko, I., Brown-Liburd, H. L., & Vasarhelyi, M. (2020). The Ethical Implications of Using Artificial Intelligence in Auditing. Journal of Business Ethics, 167(2), 209–234. https://doi.org/10.1007/s10551-019-04407-1
Osmyatchenko, Volodymyr, Viktoriia Oliinyk , Olexandra Mazina , Natalia Matselyukh , Valerii Ilin, A. O. (2019). Journal of Security and Sustainability Issues “The Influence Of The Global Technological Changes On Principles And Functions Of Accounting And Formation Of The Organization Strategy,” 8(4), 89. https://doi.org/10.1111/j.1745-6584.2009.00625_2.x
Perry, A., & Hammond, N. (2002). Systematic Reviews: The Experiences of a PhD Student. Psychology Learning & Teaching, 2(1), 32–35. https://doi.org/10.2304/plat.2002.2.1.32
Prajanto, A. P., & Dian Pratiwi, R. (2019). p-ISSN 2526-4440 e-ISSN 2086-3748. Industrial Revolution 4.0: Design of Financial Accounting System and Transaction Development, 10(1), 133–148.
Pratolo, S. (2015). Information Technology and the Role of Management Accountants, a Strategic Management Supporter in Achieving Competitive Advantage. Journal of Accounting and Investment, 1(2), 68–76. https://doi.org/10.1017/CBO9781107415324.004
Putritama, A. (2019). Peluang Dan Tantangan Untuk Manajemen Akuntansi Di Era Big Data. Jurnal Ekonomi Manajemen Sistem Informasi, 1(1), 33–39. https://doi.org/10.31933/jemsi.v1i1.44
Stancheva-Todorova, A. (2019). Are Accounting Educators Ready to Embrace the Challenges of Industry 4.0. International Scientific Journal “Industry 4.0,” 4(6), 309–312. http://www.accaglobal.com/bigdata
Surianti, M. (2020). Development of Accounting Curriculum Model Based on Industrial Revolution Approach. Research Journal of Finance and Accounting, 11(2), 116–123. https://doi.org/10.7176/rjfa/11-2-12
Tata Rini, Y. (2019). Parsing the Accounting Roadmap for the Industrial Age 4.0. Journal of Management and Accounting Sciences, 7(1), 58. https://doi.org/10.33366/ref.v7i1.1339
Tektüfekçi, F. (2019). A Bibliometric Analysis of Industry 4.0-Focused Turkish E-Accounting Applications. Procedia Computer Science, 158, 602–608. https://doi.org/10.1016/j.procs.2019.09.094
Tran & Phan. (2019). Impact of Industrial Revolution 4 . 0 to the Accounting Industry in Vietnam. 5.
Wadan, R., Teuteberg, F., Bensberg, F., & Buscher, G. (2019). Understanding the Changing Role of the
Management Accountant in the Age of Industry 4.0 in Germany. Proceedings of the 52nd Hawaii International Conference on System Sciences, 5817–5826. https://doi.org/10.24251/hicss.2019.702
Wahyuni, T. (2020). The Role of Information Technology in Supporting Accountant Profession in the Era of Industrial Revolution 4.0. 426(Icvhe 2018), 256–264. https://doi.org/10.2991/assehr.k.200331.150
Zhang, Y., Xiong, F., Xie, Y., Fan, X., & Gu, H. (2020). The Impact of Artificial Intelligence and Blockchain on the Accounting Profession. IEEE Access, 8, 110461–110477. https://doi.org/10.1109/ACCESS.2020.3000505
Published
2021-04-25
How to Cite
ROSI, Ni Made Kariana; MAHYUNI, Luh Putu.
The Future Of Accounting Profession in The Industrial Revolution 4.0: Meta-Synthesis Analysis.
E-Jurnal Akuntansi, [S.l.], v. 31, n. 4, p. 1010-1024, apr. 2021.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/70416>. Date accessed: 24 apr. 2024.
doi: https://doi.org/10.24843/EJA.2021.v31.i04.p17.
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