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Analysis of financial reporting in terms of costs for decision-making

Author

Listed:
  • PhD Student Pantazi Anca Alexandra,

    (Valahia University of Targoviste)

  • PhD Student Coman Elena Liliana

    (Valahia University of Targoviste)

Abstract

Integrated accounting allows you to connect all systems so that they work together smoothly. In the past, companies have used separate tools for separate purposes in accounting, invoicing, sales, customer management and so on. Managing these different data flows ensures consistency between reports being resource-rich, often inaccurate. The emergence of the Industrial Revolution 4.0 created a new face in the advance phase of information technology. Currently, the government is taking rapid steps towards a superior business strategy by creating an integrated roadmap for the implementation of the business strategy. The Industrial Revolution 4.0 has had a huge impact on all sectors of the world economy, especially in the manufacturing industry, which has begun to enter automated trends and data sharing. The scope of the Industrial Revolution 4.0 includes cyber systems, the Internet of Things (IoT), the cloud and cognitive computing. Currently, the birth of digital technology within the framework of the Industrial Revolution 4.0 has an impact on the lives of people around the world.

Suggested Citation

  • PhD Student Pantazi Anca Alexandra, & PhD Student Coman Elena Liliana, 2022. "Analysis of financial reporting in terms of costs for decision-making," Social-Economic Debates, Association for Entreprenorial Spirit Promotion, vol. 11(2), pages 1-15, Decembrie.
    • Handle: RePEc:sdb:social:v:11:y:2022:i:2:p:1-15
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    References listed on IDEAS

    as
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    4. Alnoor Bhimani & Leslie Willcocks, 2014. "Digitisation, 'Big Data' and the transformation of accounting information," Accounting and Business Research, Taylor & Francis Journals, vol. 44(4), pages 469-490, August.
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