Industry 4.0 and accounting: directions, challenges, opportunities

Main Article Content

Oksana Onyshchenko
Kateryna Shevchuk
Yevheniia Shara
Nataliia Koval
Olena Demchuk
صندلی اداری


The purpose of the study was to reveal the directions, challenges and opportunities that arise in the accounting system in the conditions of Industry 4.0, when innovative solutions based on the capabilities of new digital technologies become the management of in-demand enterprises. The role of Industry 4.0 is shown, the features of modern Industry 4 technologies are revealed, the main technologies and production processes are demonstrated, interconnected using industrial protocols to create intelligent data. The rating of digital competitiveness and their readiness to implement Industry 4.0 technologies for 64 countries of the world is given and analyzed. These factors hinder the process of digitalization in countries with a low rating. The influence of Industry 4.0 on the accounting system is determined and the technologies affected by the fourth industrial revolution in terms of accounting (Big Data or Data Analytics, Cloud Computing, AI, Blockchain, Internet of Things (IoT), Robotic Process Automation) and changes waiting for the profession of accountant. The coordination of efforts of business, education and the state in the context of the development of Industry 4.0 technologies was noted.


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Integration System of Education, Science and Production
Author Biographies

Oksana Onyshchenko, Kremenchuk Mykhailo Ostrohradskyi National University

Ph.D. in Economics, Associate Professor of the Department of Accounting and Finance. Member of the Federation of Accountants, Auditors, and Financiers of the AIC of Ukraine. She has 12 years of experience as an accountant in an industrial enterprise. She underwent advanced training and retraining of specialists in accounting and taxation, and scientific and pedagogical internships in Poland, the Czech Republic, and Finland. She teaches disciplines taught: Strategic Management Accounting, Strategic Analysis, Accounting and Reporting in Taxation, Management Accounting, and Accounting in the sectors of the national economy. Author of more than 100 scientific works. Scientific interests: financial accounting, financial decentralization, management accounting, logistics, economics, and management. ResearcherID:  AAC-6777-2019

Kateryna Shevchuk, National University of Life and Environmental Sciences of Ukraine

Ph.D. in Economics, Associate Professor of the Accounting and Taxation Department, has been working at the Department of Accounting and Taxation National University of Life and Environmental Sciences of Ukraine. She teaches disciplines taught students have a bachelor's and master's degree. Has practical experience of the leading specialist in economic issues at the PRIVATE JOINT STOCK COMPANY «KYIV VEGETABLE FACTORY». Scientific interests: theoretical and methodological principles of management accounting and its implementation in the activities of enterprises; problems of theory and practice of audit of activity of enterprises of agro-industrial production. ResearcherID:   H-7490-2018

Yevheniia Shara, Irpin Vocational College of Economics and Law

Ph.D. in Economics, Associate Professor. Teaching disciplines: Accounting, Accounting in public sector institutions, Economic Analysis, Financial Accounting, Enterprise Reporting. Research interests: problems of accounting and analysis of financial results of enterprises; accounting for payments to employees in budgetary institutions and organizations. 

Nataliia Koval , Vinnytsia National Agrarian University

Ph.D. in Economics, Associate Professor of the Departments of Account and Taxation are in Industries of Economy. In addition to research work, is engaged in teaching activities. Among the courses she teaches are: accounting in farms, Accounting in Budgetary Institutions, Tax Management and more. Research interests: Accounting, Taxation, Budget Accounting.

Olena Demchuk, Dmitry Motornyi Tavriya State Agrotechnological University

Ph.D. in Economics, Associate Professor of Accounting and Taxation, Dmitry Motornyi Tavriya State Agrotechnological University, Melitopol, Ukraine. Member of the Federation of Accountants, Auditors and Financiers of the AIC of Ukraine. She teaches disciplines taught : Accounting, Information technology in accounting and analysis, and Accounting by NGO. Scientific interests: accounting, depreciation policy, digitalization of economics. Researcher ID AAW-3223-2020.


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