The impacts of technology on accounting practices: case study from UK food industry

ACCOUNTING AND
FINANCE

Table of Contents
INTRODUCTION......................................................................................................................3
Background............................................................................................................................3
Aim and objectives.................................................................................................................3
Rationale................................................................................................................................3
LITERATURE REVIEW...........................................................................................................4
Theme 1: Understanding the concept of technology in accounting practices........................4
Theme 2: Methods through which technology can be implemented in accounting practice
in UK food industry...............................................................................................................4
Theme 3: Identifying the challenges which might come across while implementing
technology in accounting practices........................................................................................5
METHODOLOGY.....................................................................................................................5
PRILIMINARY DATA.............................................................................................................6
STATEMENT OF LIMITATION.............................................................................................7
CONCLUSION..........................................................................................................................7
REFERENCES...........................................................................................................................9

Topic:“The impacts of technology on accounting practices: case study from UK food
industry.”
INTRODUCTION
Background
Accounting is the system which is being used by the organization for the purpose of
measuring thefinancial performance along with classifying thefinancial transactions,
undertaking variousfinancial decision. The emergence of technology has resulted into more
effective management of the accounting activities. This study will help in determining the
importance and relevance of the technology in the field of accounting which will result into
encouraging businesses in making use of it. The study is being conducted in UK food
industrywhich will help the companies within the industry to take advantage of such
technology based accounting practices in the business.
Aim and objectives
Aim
To analyse the impact of technology on the accounting practices in UK food
industry.
Objectives
 To understand the concept of technology in accounting practices.
 To determine the methods through which it can be implemented.
 To analyse the challenges in implementing technology in accounting practices.
 To recommend the ways through which challenges can be overcome.
Research questions
1. What is the concept of using technology in accounting practices?
2. What are the methods by which can be introduced?
3. What are the challenges in implementing the technology in accounting practices?
4. What are the ways to overcome the changes?
Rationale
The rationale behind selecting this specific topic is that the researcher is having immense
interest in this topic because the technology has taken part in different sectors in making the
work more effective. This study will enhance the knowledge on this topic and another reason
is that it will aid researcher in ensuring that companies in the UK food industry will make use
of the technology in its accounting practices which will bring accuracy and reliability.