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IEEE Access
Article . 2024 . Peer-reviewed
License: CC BY
Data sources: Crossref
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IEEE Access
Article . 2024
Data sources: DOAJ
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Enhanced Managerial Decision Optimization in Financial Accounting Using the Picture Fuzzy MARCOS-Based MCGDM Approach

Authors: Erhui Hao; Junzhe Ma;

Enhanced Managerial Decision Optimization in Financial Accounting Using the Picture Fuzzy MARCOS-Based MCGDM Approach

Abstract

In the complex landscape of financial accounting, selecting an optimal accounting system is crucial for organizations aiming to enhance compliance, financial reporting accuracy, and operational efficiency. To address these challenges, this study introduces a novel decision-making approach, integrating Measurement Alternatives and Ranking according to the Compromise Solution (MARCOS) with Picture Fuzzy Sets (PFS), known as the Picture Fuzzy MARCOS (PF-MARCOS) approach. PF-MARCOS provides a more accurate and comprehensive evaluation of financial accounting systems by incorporating vagueness and ambiguity in decision-making. Applying this approach to assess ten accounting platforms, the study evaluates key parameters, including compliance with international standards, cost, scalability, security, ease of implementation, accuracy, and user-friendliness. Decision-makers can efficiently rank alternatives using this systematic approach, determining which choices are most suited to long-term budgetary constraints. The results highlight the potential of PF-MARCOS for handling complex and uncertain financial scenarios, offering an effective tool to improve managerial financial accounting decision-making.

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Keywords

picture fuzzy set, financial accounting, MARCOS method, Electrical engineering. Electronics. Nuclear engineering, MCGDM, TK1-9971

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
Average
Average
gold