The Role of Information Technology in Supporting Accountant Profession in the Era of Industrial Revolution 4.0

Abstract

The purpose of this study is to identify the role of information technology in supporting the accountant profession in the era of Industry 4.0. The method used in this study is a descriptive analysis. The results of this study indicate that information technology through the application of digital data technologies such as the Internet of Things, AI, Cyber-Physical Systems in the industry helps accountants in carrying out their work in the Industrial 4.0 era. The study provides an understanding, advice, and recommendations to the accountant profession about how information technology in Industry 4.0 works, helps the tasks undertaken by accountants, and directs the capabilities that accountants should have in facing the Industry 4.0 era. The research enhances the prior works in the area of accountant’s tasks, not a job by discussing ways of how information technology could support tasks of accountants in the era of industry 4.0. Since the world is moving towards the industry revolution 4.0 (IR 4.0), many technological infrastructures have been developed. Hence, a new study discussing these new states of the art is needed to ensure the competence of accountant’s to-do their jobs. This is important to satisfy the new needs of the industry due to the emerging IR 4.0. This study only discusses the role of information technology as a supporting tool for the accountant. Our next research will further discuss the role of the accountant in industry 4.0.