Toward Cognitive Management Accounting

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.

The Impact of Intelligent Systems on Management Accounting

“…Most of the professionals that answer to the questionnaire and some IS professionals considered also the importance of include now data science, intelligent systems and IT skills in their knowledge, this is in line with what was stated by Pilipczuk (2020), that mentioned that the future management accountants will need to develop high cognitive, like IT and management skills. In order to explore deeply the transformations and challenges of the introduction of intelligent systems on management accounting bellow was evaluated the answers given by the interviewees to the next question: What are the biggest challenges for the implementation of these intelligent systems in management accounting?…”

“…This allows to have an overview of answers most pointed out by the intelligent systems (IS) professionals for each of the categories. Smart-PLS (Shrestha et al, 2019)) (Pilipczuk, 2020); (Bitkina et al, 2020); (Siau, K., and Wang, 2018); (Petkov, 2020); (Güngör, 2020)…”

Assessing the Impact of AI Solutions’ Ethical Issues on Performance in Managerial Accounting

“…MA specialists will need to develop cognitive skills in the IT field to use and monitor AI solutions. According to Pilipczuk [60], future MA specialists must have cognitive skills to be involved in strategic decision-making. The role of MA has been redefined through the transition to digital accounting, a transition that impacts budgeting, cost management, strategic approaches, and risk management [61].…”

Sustainable Smart Cities and Energy Management: The Labor Market Perspective

“…The research framework was related to two methodological approaches: the theoretical and practical approaches (Figure 1). It was constructed in line with the procedures applied in scientific works [18][19][20][21][22][23][24] and the methodological requirements presented in this literature on the subject [19][20][21][22][23]. In [19], the authors, referring to a wide range of literature on the subject, defined the basic stages of model development: design (initial) stage, development stage, preparation stage, implementation stage, and validation stage.…”