Accounting Aspects of Digitalization and Industry 4.0 in Hungary

Hegedűs, Mihály, Cseh, Balázs and Fábics, István (2020) Accounting Aspects of Digitalization and Industry 4.0 in Hungary. Regional and business studies, 12 (2). pp. 1-15. DOI

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In our present paper, we analyze the accounting aspects of digitalization and industry 4.0 in Hungary. First of all, the accounting profession is a traditional profession and accoun-ting rules and principles are established and have been the same for many years. However, globalization of business, stronger regulations and numerous technological solutions and innovations are not bypassing the accounting profession, either. Challenges for the ac-counting profession are reflected in the need for rapid adaptation and transformation of business practice and business processes without abandoning basic accounting rules and principles. The aim of this paper is to analyze and systematize the key challenges that dig-italization brings for the accounting profession. The paper seeks to examine how, through environmental accounting, the broader context of corporate sustainability could be incor-porated into the developing vision for Industry 4.0, the fourth industrial revolution.

Item Type:Article
JEL classification:O33 - Technological Change: Choices and Consequences; Diffusion Processes
Computer science
ID Code:6467
Deposited By: MTMT SWORD
Deposited On:30 Apr 2021 15:44
Last Modified:30 Apr 2021 15:44

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