Identification of Accounting Factors in the Development of Knowledge-Based Companies
Keywords:
knowledge-based development, accounting, knowledge-based companies, accounting factorsAbstract
This study was conducted with the aim of identifying accounting factors in the development of knowledge-based companies. The required data were collected through interviews with 15 participants, including faculty members in the field of accounting and accountants working in knowledge-based companies. Using the fuzzy Delphi method and interpretive structural modeling (ISM), the accounting factors contributing to the development of knowledge-based companies were identified. Based on the exploratory model analysis, the study determined five main factors and 25 sub-factors at four hierarchical levels. At the fourth level, financial management and planning include dimensions such as accurate budgeting for research and development, cash flow management, debt and working capital management, and optimization of financial resources. Additionally, auditing and compliance at the fourth level encompass adherence to national and international accounting standards, transparency in financial reporting, regular internal and external auditing, maintaining the company’s financial credibility, and accountability and reporting to stakeholders. At the third level, technology and innovation in accounting consist of using advanced accounting software, implementing cloud technologies and data mining, automating financial and accounting processes, analyzing financial data, employing artificial intelligence in financial management, and updating accounting systems with new technologies. At the second level, the strategic and business development dimension of accounting involves financial analysis to support strategic decisions, evaluating research and development projects from a financial perspective, financial planning for market development and investment, accounting support for attracting investors, developing strategic financial capacity, creating financial capability for sustainable growth and development, and aligning financial objectives with the company’s overall strategic goals. Finally, the factors and dimensions at the previous three levels collectively contribute at the first level to the development of knowledge-based companies, with dimensions such as financial analysis to support strategic decision-making, evaluation of research and development projects from a financial perspective, and financial planning for market development and investment.
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