The awakening of modern technologies in the era of this 4th Industrial Revolution (4IR) has tremendously affected the whole landscape around the globe including the business sector. To be aligned with the technological advancements, management accountants have to keep proactive and prepare for any unexpected changes to ensure that their business remains lucrative and stays relevant in the industry. Nonetheless, the changing role of the management accountant due to the presence of 4IR is imminent. As a result, this paper deliberates on how the 4IR changes the role of management accountants, including what knowledge and skills are crucial for them to grasp in order to adapt adequately in this 4IR era. In addition, this paper also reviews the challenges that they have to face. The study can be of prime importance to business firms in identifying the role of the management accountant in this 4IR era and to prepare for the ubiquitous challenges that may perturb their efficacies.