Abstract
This paper examines the impact of cognitive technologies in management accounting. The purpose of the research was to create the current management accountant skills model. The main contributions of this paper are the literature study of the future of management accounting, the study of the impact of cognitive technologies on management accounting, the labor market research, and the current management accountant skills model. The purpose of the literature study was to highlight the opportunities and challenges of the application of cognitive technologies to management accounting and the role of cognitive abilities in the management accountant profession. The labor market study was conducted in order to analyze the impact of cognitive technologies on the management accountant profession and identify the core skills required. The paper fulfills the research gap regarding the impact of cognitive information technologies on management accounting and the management accountant profession in terms of smart and sustainable organization conception. The number of job positions with cognitive analytic skills, big data skills, cognitive abilities, and additional skills and competencies was identified. Although the research reveals differences in the demand for skills and abilities among the studied countries, the common skills model for managerial accountants was successfully created.
Highlights
Accounting business processes are undergoing a transformation through digitalization and sustainability.The sustainability of an enterprise is largely determined by the level of innovation potential, especially in the process of development of smart sustainable cities
The smart sustainable city consists of smart sustainable organizations, which are based on smart sustainable processes supported by cognitive and big data technologies
As sustainability moves into the mainstream on Wall Street, organizations that are able to harness the power of cognitive technologies to advance their goals while helping the planet will lead the way” [2]
Summary
Accounting business processes are undergoing a transformation through digitalization and sustainability.The sustainability of an enterprise is largely determined by the level of innovation potential, especially in the process of development of smart sustainable cities. The smart sustainable city consists of smart sustainable organizations, which are based on smart sustainable processes supported by cognitive and big data technologies. These organizations need to find sustainable solutions to deal with the complexity of financial and accounting data. Advances in Internet technologies have made it possible to gather, store, and process large amounts of interactive enterprise data [1]. When creating smart sustainable cities, big data and cognitive technologies generate useful information and insights for citizens, enterprises, and policymakers. The new digital technologies link big data and cognitive analytics with operational sustainability practices for sustainable business management. As sustainability moves into the mainstream on Wall Street, organizations that are able to harness the power of cognitive technologies to advance their goals while helping the planet will lead the way” [2]
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