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Digitalization in management accounting and control: an editorial
Klaus Möller1, Utz Schäffer2, Frank Verbeeten3
1University of St. Gallen, St. Gallen, Switzerland.
Journal of Management Control
|April 16, 2024
Summary
Digitalization is transforming management accounting and control. This shift impacts business models, organizational structures, and the controller's evolving role in the digital era.
Area of Science:
- Management Accounting
- Digital Transformation
- Business Process Management
Background:
- Digitalization is reshaping the organizational landscape and business models.
- The management accounting and control domain faces significant disruption due to digital advancements.
- The role of the controller is undergoing a fundamental redefinition.
Discussion:
- Exploring the multifaceted impacts of digitalization on management accounting practices.
- Analyzing how digital technologies influence control mechanisms within organizations.
- Examining the strategic implications for controllers in a digitized environment.
Key Insights:
- Digitalization necessitates adaptation in management accounting and control systems.
- The controller's function is evolving towards strategic advisory and data analytics.
- Understanding digitalization's impact is crucial for organizational competitiveness.
Outlook:
- Future trends in management accounting driven by artificial intelligence and big data.
- The integration of digital tools for enhanced decision-making and performance management.
- Preparing the management accounting profession for the future of digital business.
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