Change in accounting/accounting system over time with information technology

Change in accounting/accounting system over time
with information technology
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Table of Contents
Introduction.................................................................................................................................................2
Literature review (managerial implication of four articles).........................................................................2
Conclusion...................................................................................................................................................4
References...................................................................................................................................................5
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Introduction
The primary purpose of the paper is to provide the analytical view on the changing accounting
system with the process of information technology over the time. The paper will also discuss the
various process and the development practice of the organisational transaction in term of an
accounting system. The paper further discusses the limitations faced by the system within the
field of information technology.
Literature review (managerial implication of four articles)
Accounting progress within the field has developed in the recent years with the involvement of
technology. It can be seen that the accounting information is quite effective and open to the other
business resources within the field. According to Arnaboldi, Busco, and Cuganesan, (2017) the
accounting theory provides the traditional process that is being performed on the basis of manual
accounting. In the manual accounting system, it can be seen that the voucher classification along
with summary then the control ledger and the ledger posting are the primary theories. Moreover,
in the accounting information system, the primary objective that an accountant needs to be
performed is to record the transaction in a computer that is being performed automatically. As
per Gallemore, and Labro, (2015) the contingency theory provides the effective view of the
development process where the accounting information is regarding the flexible design for the
organisational structure. According to Han, Rezaee, Xue, and Zhang, (2015) the accounting
information system within the field also required to adopt the specific decision regarding the
accounting process within the organisation. According to (Constantiou, and Kallinikos, 2015) the
internal control and the audit system of the firm in the recent years have developed the
accounting information system in term of accounting theory to manage the transaction process in
the organisation.
The concept regarding the information technology within the accounting system is the common
factor that could be analysed in the articles. According to Bhimani, and Willcocks, (2014), the
accounting profession utilize the information technology for understanding big data and the
business analysis. This process effectively helps the accountant to record all the transaction and
the activity performed within the accounting process. In the same way from the view of Chae,
Koh, and Prybutok, (2014), it can be seen that the information technology is the valuable process
within the organisation to enhance the accounting system within the field. The process of
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