Applied Business Research on Innovation in Accounting

Running head: APPLIED BUSINESS RESEARCH
APPLIED BUSINESS RESEARCH
Name of the Student
Name of the University
Author Note

1APPLIED BUSINESS RESEARCH
Table of Contents
1. Summary of the theory and progression in the field..................................................2
2. Common themes or findings in the four articles........................................................2
3. Different themes or findings across the four articles.................................................2
4. Managerial implications of the articles......................................................................3
5. Limitations of the study and direction based on future research...............................3
References......................................................................................................................4

2APPLIED BUSINESS RESEARCH
This paper has been elaborated on identifying a total of four relevant scholarly
sources for the research paper on the topic of innovation on accounting and its impact on
businesses. It shall present a brief literature review of the four articles in general, discussing
the summary of the theory and progression in the field of accounting as well as analysing
both the common as well as different themes across the four articles. Along with this, the
managerial implications of the four articles along with the study limitations and future
research direction proposed in the four articles have also been assessed.
1. Summary of the theory and progression in the field of accounting
Accounting is one of the subjects that has been transformed by technologies over the
past few years. The evolution of the accounting software, mobility, web enables
communication and cloud, all have left a significant mark in this field and have changed the
everyday activities of an accountant in contemporary world of improved science and
technological advancements. Sadikoglu and Zehir (2010) in their article “Investigating the
effects of innovation and employee performance on the relationship between total quality
management practices and firm performance” have considered TQM (total Quality
Management) as one of the significant innovations in the field of accounting. They have
proposed that there is a strong relation in between the TQM and the performance of the firms
and this effects the TQM practices. The main aim of this article is to investigate on this
relationship as well as to examine the mediating effects of employee performance and
innovation performance on the relationship between TQM practices and firm performance.
Furthermore, Michelino et al. (2015) on their studies have investigated on the various
business models for the OI (Open Innovation). Although there is much attention paid on the
OI by various different researchers and scholars, only few efforts have been made in order to
analyse the same after a pecuniary perspective by means of evaluating the costs that are
related to the acquisition of the external knowledge along with the revenues that derive from
the explosion of the internal technologies in the external market. They have suggested an
accounting-based framework for defining open innovation adoption modalities through the
analysis of annual reports. With the same, they have also described five different models in
regards to revenues, costs, divestments and new investments in the knowledge assets and
intangibles in relation to the OI in accounting. It is also to note that this study has revealed
and proposed the fact that the usage of cloud in the field of account is one of the significant
innovation that have improved the operations in this field and has made things easier for the
businesses. Also, it would continue to expand further. With the same, Raghavan and Thomas
(2014) in their study have claimed that the technological advancements and financial
prosperity have led to long periods of stability for the accounting education. They have
conducted a review on the basis of corporate governance, finance and accounting. Lastly, Fu
et al. (2015) have claimed that accounting related innovations have contributed to a great
extent in developing effective corporate governance in businesses today.
2. Common Themes and findings across the four articles
The most common themes of all these four articles is that each of these articles is
based on discussing some or the other innovations in the field of accounting in recent years.
With the same, these articles have also discussed the ways how these innovations on
accounting are helping the businesses in recent years. Sadikoglu and Zehir (2010) have
discussed about the relation in between the TQM and the performance of the firms and this
effects the TQM practices which is also considered to be a significant innovation in
accounting. Raghavan and Thomas (2014) have also discussed about the technological
advancements and financial prosperity in the field of accounting and related businesses.