FACTORS IMPACT ACCOUNTING IN DIGITAL AGE OF THE INDUSTRIAL REVOLUTION 4.0

Abstract

World is turning into the digital era of the Fourth Industrial Revolution 4.0, with main content is about creating a new operational structure for the manufacturing industry by applying high-tech, artificial intelligence, cloud computing... Whereby, the whole process, including production, quality management, commodity consumption to payment, are handled through advanced software. In order to adapt for the management request in the high-tech era, accounting industry need to develop from technical activities to different accounting methods basically and comprehensively. In Vietnam, the advocate of reinforcing the assessing capacity to the Fourth Industrial Revolution was issued in Circulation 16/CT-TTg of the Prime Minister. So as to provide material for researching and designing financial system based on the new model, based on researching the new theory, authors of this essay would like to do reality analysis about factors that can impact accounting industry in the Fourth Industrial Revolution and identify problems that Vietnamese accounting need to face at the present time.