Importance of Data Collection Methods and Management Accounting Practices in Business

Reflective report

Table of Contents
Reflection.........................................................................................................................................1
REFERENCES................................................................................................................................4

Reflection
The session title of this learning was research methods in business practices and in this the main
topic of the session is data collection methods. I have analysed that it is crucial for me to gain
information and understanding about the different method of data collection as this will help me
in enhancing overall performance while conducting research (Pham, Pham and Dang, 2021).
Through this module I have analysed that data collection practices will lead to have direct and
major impact on business practices. It is important for researcher to have right and accurate data
that assist in attaining desired goals. This module was completed in different steps that is
significant for increasing information and knowledge of the learners. Through different steps of
the module I was able to gain accurate information as well as analyse my learning. In the four
weeks of the module I have analysed that it is important for a learner to analyse and evaluate the
objectives of learning. The main motive of this session is to increase understanding of learning
regarding research methods. I have gain information about the different aspects of the research
method as well as importance of considering right research method in order to find appropriate
data. Research method can be explain as the approaches or ways which is consider by researcher
in order to find relevant information. I have analysed that there are different method of research
which could be classified into primary, secondary or qualitative and quantitative research. All of
these research methods are effective as well as have their own pros and cons that will lead to
have significant affect over research activities. I have determined that primary method of data
collection is effective as it provide accurate and appropriate information according to the
requirement of research problem. There are some issues related to primary method that it is very
time consuming way of finding relevant information. Primary method of research includes huge
cost for determining appropriate information. Secondary methods of data collection are refer as
the process of identifying information that has been gathered in primary data. The main sources
of primary data collection includes survey, questionnaire, observation, experiments and so on.
where as secondary sources of data collection includes books, articles, news paper, journals and
other data available on internet (Ma, Seidl and McNulty, 2021). I have analysed that researcher
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