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Studies on Balkan and Near Eastern Social Sciences – Volume 3

Edited By Rasim Yilmaz and Günther Löschnigg

The third volume of «Studies on Balkan and Near Eastern Social Sciences» is a collection of empirical and theoretical research papers in the social sciences regarding the Balkans and the Near East written by researchers from several different universities and institutions. The book addresses economic, financial, political, sociological, international relations, health, cultural, and feminist issues in the region of the Balkan and Near East. The book is aimed at educators, researchers, and students interested in the Balkan and Near Eastern countries.

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The Future of Accounting and the Accounting Profession in Industry 4.0

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Introduction

Business is a future oriented, forward looking, open and dynamic system. On the other hand, accounting is a system that generates information for decision-makers to achieve their goals. Accounting information system provides managers with information to make their decisions. It provides information for planning, advancement and improving the corporation`s financial situation.

Accounting is an information system that records, classifies, reports and construes the events that are measurable by money. The first step in this information system’s proper and secured working is the reliability of the accounting data. Accounting data is the records of all kind of economic relations as consequences of business operations. The recordings done through accounting system are related to the following industrial revolutions presented in Tab. 1.

Tab. 1: The Advantages and Disadvantages of Five Stages of Accounting Data Processing. Source: Ke and Shi (2014: 79)

FIVE STAGES

ADVANTAGES

DISADVANTAGES

Manual Process

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