The impact of Industry 4.0 revolution on accounting systems: A case study

The fourth industrial revolution, called Industry 4.0, refers to an industrial revolution in which all living and non-living things are connected to an online network via the Internet, can communicate with each other thanks to this network, and they can make independent decisions within business functions using artificial intelligence applications. With the digitalization of production, all business functions are integrated with each other and products along with machines can communicate over the internet. With Industry 4.0, it is planned to completely remove the use of manpower from the production process and continue production with autonomous robots. Industry 4.0, which causes significant changes in the production and management functions of the enterprise, will also greatly affect the accounting function. In the accounting information system where information technologies are actively used, many elements such as recording, classification and reporting are removed from the job descriptions of the professionals and turn into the automatic processing and recording of the data obtained from the online network. This study investigated the transformation of energy consumption data into accounting information with the help of signal converters and how to report them using the internet of things.