Transformation of Management Accounting in the Digital Era: Current Challenges and Opportunities

Yudi Zatnika, Iin Safariah

Sari


This research aims to investigate the impact of digital transformation on management accounting practices and its implications for organizations. The study seeks to understand how management accountants adapt to new technologies, the role of digital tools in decision-making, and the challenges faced by organizations during the digital transition. A literature review approach is employed to gather and synthesize existing research on digital transformation in management accounting. Peer-reviewed academic papers, industry reports, and relevant literature are analyzed to explore the challenges, opportunities, and best practices associated with the integration of digital technologies. The research reveals that digital transformation significantly enhances efficiency and accuracy in management accounting processes. Real-time reporting and data visualization empower organizations to make timely and informed decisions. The adoption of AI and data analytics enables predictive analysis, contributing to proactive decision-making. However, challenges such as skill adaptation, data management, and cybersecurity must be addressed to fully capitalize on the potential of digitalization. Organizations must foster a culture of continuous learning and embrace technology to remain competitive and successful in the digital era.
Keywords: digital transformation, management accounting, digital technologies, decision-making, efficiency

Teks Lengkap:

Download PDF

Referensi


Al-Zaqeba, M. A. A., Jarah, B. A. F., Ineizeh, N. I., Almatarneh, Z., & Jarrah, M. A. AL. (2022). The effect of management accounting and blockchain technology characteristics on supply chains efficiency. Uncertain Supply Chain Management, 10(3), 973–982. https://doi.org/10.5267/j.uscm.2022.2.016

Almatarneh, Z., Jarah, B. A. F., & Jarrah, M. A. AL. (2022). The role of management accounting in the development of supply chain performance in logistics manufacturing companies. Uncertain Supply Chain Management, 10(1), 13–18. https://doi.org/10.5267/j.uscm.2021.10.015

Alsharari, N. M. (2019). Management accounting and organizational change: alternative perspectives. International Journal of Organizational Analysis, 27(4), 1124–1147. https://doi.org/10.1108/IJOA-03-2018-1394

Alsharari, N. M., & Al-Shboul, M. (2019). Evaluating qualitative research in management accounting using the criteria of “convincingness.” Pacific Accounting Review, 31(1), 43–62. https://doi.org/10.1108/PAR-03-2016-0031

Alvarez, P., Sensini, L., Bello, C., & Vazquez, M. (2021). Management Accounting Practices and Performance of SMEs in the Hotel Industry : Evidence from an emerging economy Business Economics Laboratory , UC , Buenos Aires , Argentina Department of Management and Innovation Systems ( DISA / MIS ), University of S. International Journal of …, 12(2), 24–35. https://doi.org/10.30845/ijbss.v12n2p3

Ascani, I., Ciccola, R., & Chiucchi, M. S. (2021). A structured literature review about the role of management accountants in sustainability accounting and reporting. Sustainability (Switzerland), 13(4), 1–25. https://doi.org/10.3390/su13042357

Asiaei, K., Bontis, N., Alizadeh, R., & Yaghoubi, M. (2022). Green intellectual capital and environmental management accounting: Natural resource orchestration in favor of environmental performance. Business Strategy and the Environment, 31(1), 76–93. https://doi.org/10.1002/bse.2875

Balstad, M. T., & Berg, T. (2020). A long-term bibliometric analysis of journals influencing management accounting and control research. Journal of Management Control, 30(4), 357–380. https://doi.org/10.1007/s00187-019-00287-8

Bella, S., Apriyanti, N., & Sriwijayanti, H. (2023). Enhancing Financial Management and Accountant Roles: A Study on the Role of Technological Advancements. SEIKO : Journal of Management & Business, 6(2), 435–446.

Bhimani, A. (2020). Digital data and management accounting: why we need to rethink research methods. Journal of Management Control, 31(1–2), 9–23. https://doi.org/10.1007/s00187-020-00295-z

Burritt, R. L., Herzig, C., Schaltegger, S., & Viere, T. (2019). Diffusion of environmental management accounting for cleaner production: Evidence from some case studies. Journal of Cleaner Production, 224, 479–491. https://doi.org/10.1016/j.jclepro.2019.03.227

Gunarathne, N., & Lee, K. H. (2021). Corporate cleaner production strategy development and environmental management accounting: A contingency theory perspective. Journal of Cleaner Production, 308(May), 127402. https://doi.org/10.1016/j.jclepro.2021.127402

Korhonen, T., Selos, E., Laine, T., & Suomala, P. (2020). Exploring the programmability of management accounting work for increasing automation: an interventionist case study. In Bussiness Law binus (Vol. 7, Issue 2). http://repository.radenintan.ac.id/11375/1/PERPUS PUSAT.pdf%0Ahttp://business-law.binus.ac.id/2015/10/08/pariwisata-syariah/%0Ahttps://www.ptonline.com/articles/how-to-get-better-mfi-results%0Ahttps://journal.uir.ac.id/index.php/kiat/article/view/8839

Ostaev, G. Y., Suetin, S. N., Frantsisko, O. Y., & Alexandrova, E. V. (2020). Assessment of the effectiveness of the management of agricultural organizations in management accounting. Revista Amazonia Investiga, 9(28), 260–271. https://doi.org/10.34069/ai/2020.28.04.29

Oyewo, B. M. (2021). Outcomes of interaction between organizational characteristics and management accounting practice on corporate sustainability: the global management accounting principles (GMAP) approach. Journal of Sustainable Finance and Investment, 11(4), 351–385. https://doi.org/10.1080/20430795.2020.1738141

Petera, P., & Šoljaková, L. (2020). Use of strategic management accounting techniques by companies in the Czech Republic. Economic Research-Ekonomska Istrazivanja , 33(1), 46–67. https://doi.org/10.1080/1331677X.2019.1697719

Riduwan. (2018). Menyusun Metodologi Penelitian.

Schaltegger, S., Christ, K. L., Wenzig, J., & Burritt, R. L. (2022). Corporate sustainability management accounting and multi-level links for sustainability – A systematic review. International Journal of Management Reviews, 24(4), 480–500. https://doi.org/10.1111/ijmr.12288

Sugiyono. (2019). Metodologi Penelitian.

Susanto, A., & Meiryani, M. (2019). Antecedents of environmental management accounting and environmental performance: Evidence from Indonesian small and medium enterprises. International Journal of Energy Economics and Policy, 9(6), 401–407. https://doi.org/10.32479/ijeep.8366

Vale, J., Amaral, J., Abrantes, L., Leal, C., & Silva, R. (2022). Management Accounting and Control in Higher Education Institutions: A Systematic Literature Review. Administrative Sciences, 12(1). https://doi.org/10.3390/admsci12010014

Varaniūtė, V., Žičkutė, I., & Žandaravičiūtė, A. (2022). The Changing Role of Management Accounting in Product Development: Directions to Digitalization, Sustainability, and Circularity. Sustainability (Switzerland), 14(8). https://doi.org/10.3390/su14084740

Vărzaru, A. A., Bocean, C. G., Mangra, M. G., & Mangra, G. I. (2022). Assessing the Effects of Innovative Management Accounting Tools on Performance and Sustainability. Sustainability (Switzerland), 14(9). https://doi.org/10.3390/su14095585

Wolf, T., Kuttner, M., Feldbauer-Durstmüller, B., & Mitter, C. (2020). What we know about management accountants’ changing identities and roles – a systematic literature review. Journal of Accounting and Organizational Change, 16(3), 311–347. https://doi.org/10.1108/JAOC-02-2019-0025




DOI: https://doi.org/10.37531/mirai.v8i2.5282

Refbacks

  • Saat ini tidak ada refbacks.


Flag Counter

Creative Commons License

JURNAL MIRAI MANAGEMENT is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Web Analytics