The Impacts of Technology on Accounting Practices: Case Study from UK Food Industry

Accounting and finance

TABLE OF CONTENTS
ACKNOWLEDGEMENT...............................................................................................................4
ABSTRACT.....................................................................................................................................5
CHAPTER ONE: INTRODUCTION..............................................................................................6
1.1 Research Significance/ Problem............................................................................................6
1.2 Aim and Objectives................................................................................................................6
1.3 Research Questions................................................................................................................6
1.4 Rationale................................................................................................................................6
1.5 Research structure .................................................................................................................7
CHAPTER TWO: LITERATURE REVIEW..................................................................................9
2.1 Introduction............................................................................................................................9
2.2 Definition of key terms..........................................................................................................9
2.3 Concept of technology in accounting practices.....................................................................9
2.4 Methods through which technology in accounting practices can be implemented in UK
food industry..............................................................................................................................10
2.5 Challenges while implementing technology in the accounting practices............................12
2.6 Chapter Summary................................................................................................................14
CHAPTER THREE: THEORETICAL FRAMEWORK...............................................................15
3.1 Introduction..........................................................................................................................15
CHAPTER FOUR: METHODOLOGY........................................................................................16
4.1 Introduction..........................................................................................................................16
4.2 Research Design...................................................................................................................16
4.3 Research Procedures............................................................................................................16
4.4 Research Approach..............................................................................................................17
4.5 Research Philosophy............................................................................................................17
4.6 Kind of Data.........................................................................................................................18
4.7 Data Collection....................................................................................................................18
4.8 Data analysis........................................................................................................................18
4.9 Ethical Statement.................................................................................................................19
4.10 Reliability and validity.......................................................................................................19

4.11 Statement of limitation.......................................................................................................19
4.12 Chapter Summary..............................................................................................................20
CHAPTER FIVE: DATA COLLECTION, ANALYSIS AND DISCUSSION............................21
5.1 Introduction..........................................................................................................................21
5.2 Concept of technology in accounting practices in the UK food industry............................21
5.3 Methods of implementing technology in the accounting practices.....................................22
5.4 Challenges in implementation of the technology.................................................................23
5.5 Chapter Summary................................................................................................................25
CHAPTER SIX: CONCLUSION, LIMITATION, RECOMMENDATION AND
CONTRIBUTION..........................................................................................................................26
6.1 Conclusion...........................................................................................................................26
6.2 Limitation.............................................................................................................................26
6.3 Recommendation.................................................................................................................27
6.4 Contribution.........................................................................................................................27
REFERENCES..............................................................................................................................28

ACKNOWLEDGEMENT
I would sincerely thankful to all the people who are involved in the completion of my
research on the topic “ To analyse the impacts of technology on accounting practices: case study
from UK food industry”.
I would like express my thanks to the faculties, my friends and family in providing
continuous support and encouragement which has assisted me in completion of my dissertation.
All the people who have appreciated and encouraged me when I was stuck at a point and it
provides me relief that I have such a caring and loving mentors, friends and family. My heartfelt
thanks.

ABSTRACT
This research paper is based on the topic “Impact of Technology in the accounting
practice. A case study on UK food industry. The technology has become an essential requirement
which has resulted into effective management of the business activities. The impact of
technology and the concept pertaining to it and the methods through which it can be
implemented within an organization is discussed. Based on the finding, it is concluded that the
accounting technology would be having both positive and negative impact over the business
accounting activities and there are certain challenges that might come across which the
organizations are required to overcome or undertake preventive cations.

Topic: “The impacts of technology on accounting practices: case study from UK food
industry.”
CHAPTER ONE: INTRODUCTION
1.1 Research Significance/ Problem
Accounting is basically the process through which the financial transactions of the
business is being recorded and then further summarized and analysed in order to draw the
conclusion. It is used for classifying the various business transaction pertaining to which it helps
in effectively analysing the financial outcomes of the business so that better decisions can be
taken resulting into better and improved decision-making (Boylan and Boylan, 2017). Over the
years, the use of technology has increased which has resulted into creation of software for the
purpose of doing accounting and the creation of other reports. In this study, emphasis has been
laid upon the implementation of technology in the accounting practices.
1.2 Aim and Objectives
1.2.1 Research aim
The aim of the research is to analyse the impact of technology on the accounting practices in UK
food industry.
1.2.2 Research objectives
▪ To understand the concept of technology in accounting practices.
▪ To determine the methods through which technology can be implemented in the
accounting practices.
▪ To analyse the challenges in implementing the technology in accounting
practices.
▪ To recommend the ways through which the challenges can be overcome.
1.3 Research Questions
1. What is the concept of technology in accounting practices?
2. What are the methods by which technology can be implemented in the accounting
practices?
3. What are the challenges which might occur in implementing the technology?
1.4 Rationale
The core rationale behind the selection of this topic is that the researcher is having
interest and knowledge in this research topic and along with this as the technology has been