INVESTIGATION OF THE RECONFIGURATION OF ENTERPRISE MANAGEMENT ACCOUNTING SYSTEMS AND VALUE GENERATION AMIDST DIGITAL TRANSFORMATION
DOI:
https://doi.org/10.61841/h3yve898Keywords:
Enterprise Administration, Financial Systems, Value Generation, Digital Transformation, Enterprise.Abstract
Businesses are under more and more pressure to improve their internal processes to stay in business since technology is changing so quickly. This research aims to examine the impact of digital technologies on the restructuring of computerised accounting systems for corporate management and their role in augmenting value creation. The investigation will primarily concentrate on the value generated by these technologies. The confluence of technology like big data analytics, cloud computing, artificial intelligence, and the Internet of Things is changing management accounting. The coming together of these technologies is what is causing this transition. Management accounting has grown beyond just reporting to help in making strategic decisions. The study analyses the historical and modern transformations of essential accounting procedures within an internet-connected society, including planning, cost control, performance assessment, and risk management. This research aims to ascertain how technology might enhance the timeliness, accuracy, and relevance of accounting data via theoretical analysis and actual case studies. This aim may be reached by using technology. The good thing about this is that it helps firms react more swiftly as the market changes. The report also outlines how important it is to align an organisation's technical resources with its goals in order to encourage innovation and the production of enduring value. This makes it more likely that businesses will be good for the long term. The results demonstrate that businesses need to do more than simply buy electronic tools. They also need to teach their accounting staff how to utilise them and how to work well with people from other departments. This paper intends to assist businesses in doing well in the digital commerce age by giving them useful tips on how to improve their bookkeeping and get the most out of their jobs.
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