Dedi Harianto

Digital Transformation in Accounting: Opportunities and Challenges in the Industry 4.0 Era

Introduction

Digital transformation in accounting: opportunities and challenges in the industry 4.0 era. Digital transformation in accounting (Industry 4.0): Opportunities and challenges for financial reporting quality. Covers ERP, big data, blockchain, digital literacy, and regulation.

Abstract

Digital transformation brings significant changes in accounting practices, especially in improving the quality of financial information. This study aims to analyze the impact of digitalization on the quality of financial reporting through a literature review approach. The quality of information in question includes relevance, reliability, and timeliness. The study's results indicate that technologies such as ERP, cloud accounting, big data, and blockchain contribute to process efficiency and enhanced reporting transparency. However, the implementation of technology still faces challenges, such as limited digital literacy, human resource readiness, and a lack of regulation, particularly in the MSME sector. Using the theoretical frameworks of Resource-Based View, Information System Success Model, and Institutional Theory, this article concludes that the success of digital transformation in accounting heavily depends on the synergy between technology, user competencies, and supportive policies. These findings are expected to contribute to the development of more adaptive and sustainable digital accounting strategies.

Review

This article provides a timely and relevant exploration into the digital transformation of accounting within the Industry 4.0 landscape. It effectively addresses the critical impact of digitalization on the quality of financial reporting, specifically examining aspects of relevance, reliability, and timeliness. The abstract highlights key findings, noting that the adoption of technologies such as ERP, cloud accounting, big data, and blockchain demonstrably contributes to enhanced process efficiency and greater reporting transparency. The study is commendably grounded in established theoretical frameworks, including the Resource-Based View, Information System Success Model, and Institutional Theory, which collectively offer a robust conceptual lens through which to analyze this complex phenomenon. However, the study's primary reliance on a literature review, while valuable for synthesizing existing knowledge, means it does not present novel empirical data or context-specific findings. This limits its ability to offer direct, actionable insights derived from original research, particularly regarding the nuances of implementing digital transformation in diverse organizational settings. The abstract rightly identifies significant challenges, such as limited digital literacy, human resource readiness, and a lack of regulation, especially within the MSME sector. While these are crucial points, a literature review may not fully delve into the granular specifics of *how* these challenges manifest or *what specific interventions* have proven effective in overcoming them in various contexts. Despite these methodological considerations, the article offers a significant contribution by underscoring the indispensable synergy between technology, user competencies, and supportive policies for successful digital transformation in accounting. Its findings provide a crucial overview for academics, practitioners, and policymakers striving to develop more adaptive and sustainable digital accounting strategies. This work serves as an excellent foundation for future empirical research, which could specifically focus on validating these findings in real-world scenarios, particularly within the MSME sector, and developing targeted policy recommendations to address the identified gaps in digital literacy and regulatory frameworks.

Full Text

Comments

You need to be logged in to post a comment.