Prelims

Half Title Page

DIGITAL TECHNOLOGY AND CHANGING ROLES IN MANAGERIAL AND FINANCIAL ACCOUNTING

Series Page

STUDIES IN MANAGERIAL AND FINANCIAL ACCOUNTING

Series Editor: Anne M. Farrell

Recent Volumes:

Title Page

STUDIES IN MANAGERIAL AND FINANCIAL ACCOUNTING - VOLUME 36

DIGITAL TECHNOLOGY AND CHANGING ROLES IN MANAGERIAL AND FINANCIAL ACCOUNTING: THEORETICAL KNOWLEDGE AND PRACTICAL APPLICATION

EDITED BY

ALLAM HAMDAN

Ahlia University, Bahrain

BAHAAEDDIN ALAREENI

Middle East Technical University, Turkey

AND

REEM KHAMIS

University College of Bahrain, Bahrain

United Kingdom – North America – Japan – India – Malaysia – China

Copyright Page

Emerald Publishing Limited

Emerald Publishing, Floor 5, Northspring, 21-23 Wellington Street, Leeds LS1 4DL.

First edition 2024

Editorial matter and selection © 2024 Allam Hamdan, Bahaaeddin Alareeni and Reem Khamis.

Individual chapters © 2024 The authors.

Published under exclusive licence by Emerald Publishing Limited.

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Contact: www.copyright.com

No part of this book may be reproduced, stored in a retrieval system, transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise without either the prior written permission of the publisher or a licence permitting restricted copying issued in the UK by The Copyright Licensing Agency and in the USA by The Copyright Clearance Center. Any opinions expressed in the chapters are those of the authors. Whilst Emerald makes every effort to ensure the quality and accuracy of its content, Emerald makes no representation implied or otherwise, as to the chapters’ suitability and application and disclaims any warranties, express or implied, to their use.

British Library Cataloguing in Publication Data

A catalogue record for this book is available from the British Library

ISBN: 978-1-80455-973-4 (Print)

ISBN: 978-1-80455-972-7 (Online)

ISBN: 978-1-80455-974-1 (Epub)

ISSN: 1479-3512 (Series)

Contents

Preface

In today’s rapidly evolving digital landscape, technology has permeated every aspect of our lives, revolutionizing the way we communicate, work, and interact with the world around us. The field of accounting is no exception to this digital transformation, as new technologies continue to reshape the roles and responsibilities of professionals in both managerial and financial accounting.

The book you hold in your hands, titled “Digital Technology and Changing Roles in Managerial and Financial Accounting,” explores the profound impact of digital technology on the accounting profession. It delves into the dynamic changes occurring within the realm of accounting, shedding light on the emerging trends, challenges, and opportunities that lie ahead.

Traditionally, managerial accounting focused on internal decision-making processes, while financial accounting centered on reporting financial information to external stakeholders. However, with the advent of digital technology, the boundaries between these two branches have become increasingly blurred. Organizations now have access to vast amounts of data, enabling them to make more informed decisions, optimize performance, and drive strategic initiatives.

This book serves as a comprehensive guide for professionals, academics, and students seeking to understand how digital technology is reshaping the roles of managers and accountants. Through a multidimensional approach, we explore the myriad ways in which technology is transforming accounting practices, including automation, artificial intelligence, blockchain, cloud computing, data analytics, and more.

Each chapter provides a deep dive into specific aspects of digital technology and its impact on managerial and financial accounting. We examine case studies, real-world examples, and empirical research to illustrate the practical implications of these technological advancements. Additionally, we discuss the challenges and risks associated with the integration of digital technology, such as data security, privacy concerns, and ethical considerations.

We hope that this book inspires readers to embrace the opportunities brought about by digital technology and equips them with the knowledge and insights needed to navigate the evolving landscape of managerial and financial accounting. Our aim is to foster a deeper understanding of the profound changes occurring in the accounting profession and to empower individuals to thrive in this digital era.

We would like to express our gratitude to the contributors who have shared their expertise and knowledge, making this book a comprehensive and valuable resource. We also extend our thanks to the readers for their interest in this important subject matter.

Prof. Allam Hamdan

Dean, Full Professor of Accounting, College of Business and Finance, Ahlia University, Manama, Bahrain

Dr. Bahaaeddin Alareeni

Assistant Professor of Accounting, Middle East Technical University, Turkey

Dr. Reem Khamis

Assistant Professor of Finance, University College of Bahrain, Manama, Bahrain

Acknowledgments

We would like to express our sincere gratitude to Prof. Abdulla Y. Al Hawaj, the Founding President and the Chair of the Board of Trustees of Ahlia University, Bahrain for his unwavering support and dedication to the advancement of scientific research. His invaluable guidance and expertise have been instrumental in the success of our research efforts. We would like to express our special thanks to the book series editor, Dr. Anne M. Farrell, for her encouragement, guidance, and support throughout the entire process. Also, we would like to thank all the authors who contributed their time, knowledge, and expertise to make this book a reality. Lastly. I would like to thank the referee of our book for their insightful comments and constructive feedback, which have helped us to improve the quality of the book.