IDEAS home Printed from https://ideas.repec.org/h/spr/conchp/978-3-030-25275-5_27.html
   My bibliography  Save this book chapter

A Comprehensive Framework for Accounting 4.0: Implications of Industry 4.0 in Digital Era

In: Blockchain Economics and Financial Market Innovation

Author

Listed:
  • Banu Esra Aslanertik

    (Dokuz Eylul University)

  • Bengü Yardımcı

    (Yaşar University)

Abstract

The fourth industrial revolution, namely “Industry 4.0” refers to a new digital industrial technology, digital transformation and the fourth phase of technological advancement promoting the industrial production of the future. Cyber-Physical Systems (CPS) and the Internet of things (IoT) are the main forces of industry 4.0 which are improving the manufacturing systems and business processes by leading-edge innovations. Industry 4.0 with integrated production and logistics processes, growing interaction between robots and human and data flows within global value chains will have a significant impact on all business processes. In this context, accounting systems, which have a very important function for businesses, need to adapt to industry 4.0 by redefining the whole accounting system, as well as redesigned strategies. Industry 4.0 offers a new potential for the transformation of the accounting process through digitalization and application of new tools of industry 4.0 such as big data analytics, networking, system integration. The main objective of this chapter is to offer a conceptual framework for a newly designed accounting process in terms of procedures, technology and accounting professionals.

Suggested Citation

  • Banu Esra Aslanertik & Bengü Yardımcı, 2019. "A Comprehensive Framework for Accounting 4.0: Implications of Industry 4.0 in Digital Era," Contributions to Economics, in: Umit Hacioglu (ed.), Blockchain Economics and Financial Market Innovation, chapter 0, pages 549-563, Springer.
    • Handle: RePEc:spr:conchp:978-3-030-25275-5_27
    DOI: 10.1007/978-3-030-25275-5_27
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:conchp:978-3-030-25275-5_27. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.