• BINITA KUMARI

Industry 4.0 is the fourth industrial revolution, which is formed on the building blocks of Industrial Internet of Things, real-time data collection and predictive analytics using big data analytics, artificial intelligence, and cloud manufacturing. Industry 4.0, which is also called the Second Machine Age, will be making the data collection process much easier by rapidly developing technological devices and it is also expected to shorten the process, reduce margin of error and costs with the inclusion of self-learning robots in the production process. The dynamic process and modern role of business accounting are increasingly paying attention to innovations in finance. The Internet of Things, Robotic Process Automation has drawn attention to some new trends in finance. This shift will definitely affect the financial statements of a business organization by the use of virtual money, just-in-time production, and the decreasing role of humans in the production process being replaced by robots. As consequence, the financial ratios will also have an impact with respect to the changes in financial statements. The purpose of the present study is to explore the impacts of Industry 4.0 on Financial Statements and Financial Ratios.

Industry 4.0, Technological Revolution, Financial Statement.

"Analyzing the Impacts of Industry 4.0 on Financial Statement: An Exploratory Study", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 3, page no.a50-a62, March-2024, Available :http://www.jetir.org/papers/JETIR2403010.pdf

"Analyzing the Impacts of Industry 4.0 on Financial Statement: An Exploratory Study", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 3, page no. ppa50-a62, March-2024, Available at : http://www.jetir.org/papers/JETIR2403010.pdf