TRANSFORMATION OF COST ACCOUNTING SYSTEM IN THE CONTEXT OF ENVIRONMENTAL AND TECHNOLOGICAL CHANGES
TRANSFORMATION OF COST ACCOUNTING SYSTEM IN THE CONTEXT OF ENVIRONMENTAL AND TECHNOLOGICAL CHANGES

Author : Ali AJAMLİ
Number of pages : 555-564

Abstract

In the modern world, economies are more influenced by environmental and technological changes. Moreover, an increase in influence of Industrial Internet of Things (IIoT) or Industry 4.0 causes companies to have more complicated cost structures. When we compare cost structures of companies with cost structures of 1980s or 1990s, we can see a huge difference and discrepancy between two types of cost structures. Components of structures are altered and influenced by industrial 4.0 and global environmental changes. Modern world economy and markets demand high competitiveness otherwise companies that do not meet the requirements are obliged to leave the market and leave their place to other companies which act and behave competitively.

Keywords

Accounting, Environmental Accounting, Cost Accounting System, Resource Management

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