Better Accounting Management in Real Estate Firms with Digital Transformation and Software - A Case in Vietnam

Abstract

In the context of industry 4.0 with digital transformation, We aim to analyze and estimate effects of internal components of firm such as cost of good sold (COGS), sale cost and admin cost on firm accounting net profit, for the case of Vingroup in real estate industry in Vietnam. This paper also analyze Vingroup accounting net profit under effects from Digital transformation and Internet of things (IoTs) in industry 4.0. In reality, computer skills and models allow us to build a OLS regression equation to estimate accounting net profit under impacts from internal factors of the real estate firm, Vingroup. Digital transformation and computer research models allow scientists to build a OLS regression model with Eview software to estimate effects of above cost and revenue factors on Vingroup accounting net profit. This study mainly use combination of quantitative methods (statistics, calculation formulas) and qualitative methods including synthesis, inductive and explanatory methods. The research findings tell us that administrative expense and sale cost has positive correlation with accounting net profit, supported by OLS regression. Besides, this study also give out recommendations for enhancing financial accounting policies of Vingroup in Vietnam real estate sector and implications for socio-economic policies.