Impact of RPA Technologies on Accounting Systems
Journal Title: Muhasebe ve Finansman Dergisi - Year 2019, Vol 21, Issue 82
Abstract
Robotic Process Automation (RPA) is a technology that allows the automation of business processes and has a great impact on the transformation of Industry 4.0, which combines the strengths of traditional industries with cutting edge Internet technologies (Schmidt et al., 2015). Companies are able to develop robotic practices, which can define, identify, and most importantly learn applications by using artificial intelligence (AI) capabilities for processing determined transactions, changing data, triggering jobs/transactions, and communicating with other applications and robots. The aim of this paper is to analyze the implementation and improvement areas of RPA in Enterprise Resource Planning (ERP) and Materials Resource Planning (MRP) within the scope of financial reporting systems in the context of changing cost accounting systems. This paper will also define the effects of RPA technologies in traditional accounting and cost accounting processes and outline the thorough connection between accounting systems, Industry 4.0 and RPA technology. In the light of this revolutionary shift, an overview of the future of accounting function and Strategic Accounting Management (SAM) will be examined.
Authors and Affiliations
Can Tansel KAYA, Mete TURKYILMAZ, Burcu BIROL
Keywords
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- EP ID EP554521
- DOI 10.25095/mufad.536083
- Views 120
- Downloads 0
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