A Systematic Literature Review of Management Accounting Systems (MAS) in The Industry Revolution 4.0

Authors

  • Lou Yuxiao

    Faculty of Economics and Management, Universiti Kebangsaan Malaysia, Selangor, Malaysia, School of Accounting, Shandong Women's University, Jinan, Shandong, China

  • Ruhanita Maelah

    Faculty of Economics and Management, Universiti Kebangsaan Malaysia, Selangor, Malaysia

How to Cite

Yuxiao, L. ., & Maelah, R. . (2025). A Systematic Literature Review of Management Accounting Systems (MAS) in The Industry Revolution 4.0. International Journal of Accounting and Economics Studies, 12(SI-1), 244-251. https://doi.org/10.14419/642zzb93

Received date: May 28, 2025

Accepted date: June 14, 2025

Published date: August 28, 2025

DOI:

https://doi.org/10.14419/642zzb93

Keywords:

Business Process; Cost Management; Internet of Things (IoT); Management Accounting Systems (MAS); PRISMA Framework

Abstract

Industry 4.0 encourages technologies like automation with AI, big data processing, and Internet of Things (IoT) capabilities, which fundamentally alter business operations across all industrial sectors. The modern evolution of MAS contributes to data-driven decisions and better process efficiency, which helps companies achieve a better competitive advantage. MAS leverages digital tools with systems and technologies to handle finance alongside non-financial data to support decision-making (DM) at the level of cost management, along with performance evaluation and strategic planning. Industry 4.0's growth has led to MAS definition changes that allow technology implementation for real-time monitoring and prediction analysis, and business process enhancement. A systematic evaluation of the literature examines MAS evolution by using the PRISMA framework within the framework of Industry 4.0. The review understands why businesses use digital MAS and analyzes their operation within Industry 4.0 settings and their influence on business results, as well as strategic success. It points out knowledge deficiencies as well as industry-specific challenges and opportunities that businesses encounter during their effort to unite traditional MAS with Industry 4.0 tools. It recommends performing additional investigations to identify how MAS can adapt to Industry 4.0 requirements, which will support organizations in their lasting business development.

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How to Cite

Yuxiao, L. ., & Maelah, R. . (2025). A Systematic Literature Review of Management Accounting Systems (MAS) in The Industry Revolution 4.0. International Journal of Accounting and Economics Studies, 12(SI-1), 244-251. https://doi.org/10.14419/642zzb93

Received date: May 28, 2025

Accepted date: June 14, 2025

Published date: August 28, 2025