Investigation of the reflections of industry 4.0 on accounting and costing applications in terms of competitive advantage

Looking at the industrial revolutions; Although the main starting point is production, it has had an impact beyond production in other areas of business, business functions and private life. Every industrial revolution that is taking place prepares the ground for the destruction of some business areas, the change of some business areas and the emergence of some new business areas. It is foreseen that one of the areas that will be subject to this change with Industry 4.0 will be accounting and costing applications. Strategic costing practices provide significant returns, but some problems may be encountered during the implementation phase or the returns obtained as a result of monitoring costs may be insufficient to meet the sacrifices incurred due to the monitoring of costs. It is envisaged that the use of Industry 4.0 technologies will provide many competitive advantages to enterprises in order to overcome these problems and to use costing applications more effectively. Industry 4.0 is still in its infancy; it is already revealing many changes and offers many change potentials to business life. It is seen that competition is deepening day by day and especially international competition is increasing and this creates problems for enterprises. In order to solve this problem, it has been tried to put forward with the literature review that enterprises can provide sustainable competitive advantage at national and international level by applying Industry 4.0 components in procurement, production, marketing, especially accounting and costing functions. As a result of this study, it has been concluded that the enterprises that develop Industry 4.0 and its components by applying them to accounting and costing processes will provide competitive advantage and can continue their activities efficiently.