Accounting Aspects of Digitalization and Industry 4.0 in Hungary


  • Mihály Hegedűs Tomori Pál College, H-1223 Budapest, Művelődés u. 21-27
  • Balázs Cseh National University of Public Service
  • István Fábics Corvinus University of Budapest, H-1093 Budapest, Fővám tér 8.



accounting, auditing, bookkeeper-accountant problem


In our present paper, we analyze the accounting aspects of digitalization and industry 4.0 in Hungary. First of all, the accounting profession is a traditional profession and accounting rules and principles are established and have been the same for many years. However, globalization of business, stronger regulations and numerous technological solutions and innovations are not bypassing the accounting profession, either. Challenges for the accounting profession are reflected in the need for rapid adaptation and transformation of business practice and business processes without abandoning basic accounting rules and principles. The aim of this paper is to analyze and systematize the key challenges that digitalization brings for the accounting profession. The paper seeks to examine how, through environmental accounting, the broader context of corporate sustainability could be incorporated into the developing vision for Industry 4.0, the fourth industrial revolution.




How to Cite

Hegedűs, M., Cseh, B., & Fábics, I. (2020). Accounting Aspects of Digitalization and Industry 4.0 in Hungary. Regional and Business Studies, 12(2), 1–15.