Skip to main content
SpringerLink
Log in

Transformation of Managerial Accounting Trends in the Era of Digitalization

  • Conference paper
  • First Online:
From the Internet of Things to the Internet of Ideas: The Role of Artificial Intelligence (EAMMIS 2022)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 557))

Abstract

Digitalization can be termed as the use of different digital technologies within the business model which allow a business to have different types of value producing opportunities within the firm. Further, with the help of digitalization, the domain of management accounting has seen significant amount of change with which it has been able to improve to significant extent. Further, it is evident that the business models within an organization can be also affected by the digitalization and with the help of digitalization, management accounting within a business environment can be improved significantly. The finance function as well as the management accounting function can be greatly improved with the help of robotization and automation. Management accounting process can be denoted as the branch of accounting that delivers information as well as assists in understanding business transactions. With the help of management accounting function, the internal as well as external users of the company can understand the current business situation as well as improve decision making within the organization. It is essential for managers to execute different financial activities related to organization. Without help of management accounting, it is not possible for a business to improve significantly. Despite of different research on the management accounting and digitalization, there is a lack of analysis on the transformation of managerial accounting trends in the era of digitalization. Hence, the paper evaluates the topic and understand how digitalization has improved the overall management accounting process within a business environment.

M.A. Mansoor and E.M. Salmanand—Freelancer.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution

Subscribe and save

Springer+ Basic
$34.99 /Month
  • Get 10 units per month
  • Download Article/Chapter or eBook
  • 1 Unit = 1 Article or 1 Chapter
  • Cancel anytime
Subscribe now

Buy Now

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 189.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 249.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Similar content being viewed by others

References

  1. Bhimani A (2020) Digital data and management accounting: why we need to rethink research methods. J Manag Control 31(1):9–23

    Article  Google Scholar 

  2. Agarwal N (2021) Redefining banking: exchange traded savings and loans using cryptocurrencies. Int J Electron Bank 3(1):1–11

    Article  Google Scholar 

  3. Oncioiu I, Bîlcan FR, Stoica DA, Stanciu A (2019) Digital transformation of managerial accounting-trends in the new economic environment. EIRP Proc 14(1)

    Google Scholar 

  4. Sanad Z, Shiwakoti R, Al-Sartawi A (2022) Gender diversity on corporate boards and earnings management: a review. In: Musleh Al-Sartawi AMA (eds) Artificial intelligence for sustainable finance and sustainable technology, ICGER 2021. Lecture notes in networks and systems, vol 423. Springer, Cham

    Google Scholar 

  5. Rikhardsson P, Yigitbasioglu O (2018) Business intelligence & analytics in management accounting research: status and future focus. Int J Account Inf Syst 29:37–58

    Article  Google Scholar 

  6. Shihadeh F (2020) Online payment services and individuals’ behaviour: new evidence from the MENAP. Int J Electron Bank 2(4):275–282

    Article  Google Scholar 

  7. Musleh Al-Sartawi AM, Hussainey K, Razzaque A (2022) The role of artificial intelligence in sustainable finance. J Sustain Finance Invest 1–6

    Google Scholar 

  8. Bogasiu I, Ardeleanu N (2021) Advantages and disadvantages of digitalisation in accounting. EIRP Proc 16(1)

    Google Scholar 

  9. Al-Sartawi A (2016) Measuring the level of online financial disclosure in the Gulf Cooperation Council Countries. Corp Ownersh Control 14(1):547–558

    Google Scholar 

  10. Cagle MN, Yılmaz K, Doğru H (2020) Digitalization of business functions under Industry 4.0. In: Digital business strategies in blockchain ecosystems, pp 105–132. Springer, Cham

    Google Scholar 

  11. Al-Sartawi A (2018) Ownership structure and intellectual capital: evidence from the GCC countries. Int J Learn Intellect Cap 15(3):277–291

    Google Scholar 

  12. 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. In: Proceedings of the 52nd Hawaii international conference on system sciences

    Google Scholar 

  13. Al-Sartawi A (2018) Corporate governance and intellectual capital: evidence from gulf cooperation council countries. Acad Account Financ Stud J 22(1):1–12

    Google Scholar 

  14. Evstafyeva E, Kislaya I, Kruchanova I (2019) Advanced accounting perspectives in the light of leading economic digitalisation processes. Adv Soc Sci Educ Humanit Res 359

    Google Scholar 

  15. Gulin D, Hladika M, Valenta I (2019) Digitalization and the challenges for the accounting profession. ENTRENOVA-ENTerprise REsearch InNOVAtion 5(1):428–437

    Google Scholar 

  16. Al-Sartawi A (2018) Institutional ownership, social responsibility, corporate governance and online financial disclosure. Int J Crit Account 10(3/4):241–255

    Google Scholar 

  17. Al-Okaily A, Al-Okaily M, Teoh AP, Al-Debei M (2022) An empirical study on data warehouse systems effectiveness: the case of Jordanian banks in the business intelligence era. EuroMed J Bus Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/EMJB-01-2022-0011

  18. Bredmar K (2017) Digitalisation of enterprises brings new opportunities to traditional management control. Bus Syst Res Int J Soc Adv Innov Res Econ 8(2):115–125

    Google Scholar 

  19. Al-Sartawi A (2020) Does it pay to be socially responsible? Empirical evidence from the GCC countries. Int J Law Manage 62(5):381–394

    Google Scholar 

  20. Al-Sartawi A (2020) Social media disclosure of intellectual capital and firm value. Int J Learn Intellect Cap 17(4):312–323

    Google Scholar 

  21. Al-Sartawi A (2019) Assessing the relationship between information transparency through social media disclosure and firm value. Manage Account Rev 18(2):1–20

    Google Scholar 

  22. Karolak M, Razzaque A, Al-Sartawi A (2021) E-services and M-services using IoT: an assessment of the Kingdom of Bahrain. In: Musleh Al-Sartawi AM, Razzaque A, Kamal MM (eds) Artificial intelligence systems and the internet of things in the digital era, EAMMIS 2021. Lecture notes in networks and systems, vol 239. Springer, Cham

    Google Scholar 

  23. Almajali D, Al-Okaily M, Barakat S, Al-Zegaier H, Dahalin ZM (2022) Students’ perceptions of the sustainability of distance learning systems in the post-COVID-19: a qualitative perspective. Sustainability 14(12):7353. https://doi.org/10.3390/su14127353

  24. Al-Sartawi A (2020) Information technology governance and cybersecurity at the board level. Int J Crit Infrastruct 16(2):150–161

    Google Scholar 

  25. Sanad Z, Al-Sartawi A (2021) Financial statements fraud and data mining: a review. In: Musleh Al-Sartawi AM, Razzaque A, Kamal MM (eds) Artificial intelligence systems and the internet of things in the digital era. EAMMIS 2021. Lecture notes in networks and systems, vol 239. Springer, Cham

    Google Scholar 

  26. Al-Sartawi A (ed) (2021) The big data-driven digital economy: artificial and computational intelligence. In: Kacprzyk J (ed) Studies in computational intelligence, vol 974. Springer

    Google Scholar 

  27. Baidybekova SK, Shomshekova BK, Kydyrbayeva EO, Sharipov AK, Kasseinova MI (2021) Accounting and financial reporting in the context of globalisation and digitalisation: problems and improvements. Public Policy Admin 20(2):248–259

    Google Scholar 

  28. Musleh Al-Sartawi AM, Razzaque A, Kamal MM (eds) (2021) Artificial intelligence systems and the internet of things in the digital era. In: EAMMIS 2021. Lecture notes in networks and systems, vol 239. Springer, Cham

    Google Scholar 

  29. Gogia J, Chakraborty D (2022) Open banking: a revolution in the Tech-Fin industry. Int J Electron Bank 3(2):100–120

    Article  Google Scholar 

  30. Prakash A, Mahajan Y, Gadekar A (2022) Adoption of mobile money among internal migrant workers during the corona pandemic in India: a study focused on moderation by mode of payments. Int J Electron Bank 3(2):144–162

    Article  Google Scholar 

  31. Musleh Al-Sartawi AMA (eds) (2022) Artificial intelligence for sustainable finance and sustainable technology. In: ICGER 2021. Lecture notes in networks and systems, vol 423. Springer, Cham

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Manama, Bahrain

    Maryam Ali Mansoor

  2. Manama, Bahrain

    Ebtisam Mohammed Salmanand

  3. Ahlia University, Manama, Bahrain

    Abdalmuttaleb Al-Sartawi

Authors
  1. Maryam Ali Mansoor
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Ebtisam Mohammed Salmanand
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Abdalmuttaleb Al-Sartawi
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Abdalmuttaleb Al-Sartawi .

Editor information

Editors and Affiliations

  1. Accounting Finance and Banking Department, Ahlia University, Manama, Bahrain

    Abdalmuttaleb M. A. Musleh Al-Sartawi

  2. College of Business and Finance, Ahlia University, Manama, Bahrain

    Anjum Razzaque

  3. School of Strategy and Leadership, Coventry University, Coventry, UK

    Muhammad Mustafa Kamal

Rights and permissions

Reprints and permissions

Copyright information

© 2023 The Author(s), under exclusive license to Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Mansoor, M.A., Salmanand, E.M., Al-Sartawi, A. (2023). Transformation of Managerial Accounting Trends in the Era of Digitalization. In: Musleh Al-Sartawi, A.M.A., Razzaque, A., Kamal, M.M. (eds) From the Internet of Things to the Internet of Ideas: The Role of Artificial Intelligence. EAMMIS 2022. Lecture Notes in Networks and Systems, vol 557. Springer, Cham. https://doi.org/10.1007/978-3-031-17746-0_57

Download citation

Publish with us

Policies and ethics

Search

Navigation