This research aims to analyze the impact of information technology in modern accounting practice and finances in the context of Australia. It explores the role of IT in management control and accounting and addresses the lack of investigation in this area. The research proposal includes an introduction, literature review, and research methodology, with a focus on the innovation and impact of IT on management accounting. The research will use a mixed research approach and collect both primary and secondary data through surveys and interviews. Ethical considerations will also be taken into account.