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.
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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
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