Impact of Technological Advancements in Modern Day Accounting

IMPACT OF TECHNOLOGICAL ADVANCEMENTS IN
MODERN DAY ACCOUNTING

Abstract
Purpose of this research proposal is to provide clear outline of research method. The topic of this
research is about impact of technological advancement on accounting system of modern age. The
introduction part of this article has mentioned research question, hypotheses, aim, and objectives of
this project. Background of research has been briefly discussed. In the literature review section,
review of four selected articles relevant to research topic have been presented. The methodology
section has mentioned paradigm of research, technique of data collection, process of data analysis and
ethical consideration those will be considered in research. In case of this research, secondary data is
being collected and processed. Research is going to follow positivism philosophy, deductive approach
and descriptive design of research. At the end of this proposal, a brief outline of selected research
method has been included. It is expected that following selected methodology will help researcher to
generate reliable outcome at the end of research.

Table of Contents
1. Introduction............................................................................................................................4
1.1 Introduction......................................................................................................................4
1.2 Research background........................................................................................................4
1.3 Research problem/questions.............................................................................................5
1.4 Research aims and objectives...........................................................................................6
1.5 Summary...........................................................................................................................6
2. Literature review....................................................................................................................6
2.1 Critical evaluation of progression and theories in accounting field.................................6
2.2 Evaluation of common themes mentioned in four chosen articles...................................7
2.3 Discussion on different themes/findings of selected papers.............................................8
2.4 Assessment of managerial implication.............................................................................9
2.5 Research limitation and proposed direction for future research.....................................10
3. Research methodology.........................................................................................................10
3.1 Introduction....................................................................................................................10
3.2 Research paradigm.........................................................................................................10
3.3 Data collection methods.................................................................................................12
3.4 Sample size.....................................................................................................................13
3.5 Data analysis methods....................................................................................................13
3.6 Ethical considerations.....................................................................................................13
3.7 Conceptual framework...................................................................................................14
3.8 Summary.........................................................................................................................15
Research outline.......................................................................................................................15
Reference list............................................................................................................................16

1. Introduction
1.1 Introduction
Technological advancement has helped to simplify the process of accounting in present era.
In this part of study, background of this subject area has been discussed that has helped to
form proper research questions. Moreover, hypothesis of the research and aims and objectives
has been framed in this part.
1.2 Research background
Advancement of technology can be seen in over past few decades and has taken a central in
the process of accounting in this age of information. Different tools like specialized
accounting software, cloud-based systems, and mobile accounting have increased efficiency
of the tasks related to accounting (Taiwo, 2016). Innovation in technology has increased
efficiency of accounting by reducing number of errors that have impacted business
organization performance. Growth in information technology has proved to become an
essential driver of economic growth. This technology has become an inevitable part of
business operations. As opined by Nguyen (2016), modern-day accounting also incorporates
information technology that helps in the process of decision making. This technology
provides essential information for managers and helps in day to day operations of a firm.
Cloud-based systems have increased storage capacity of accountants that can be referred for
future accounting operations. Moreover, Chouhan et al. (2018) contradicted that different
specialized accounting software has been incorporated into many organizations that help in
tracking financial records easily. Moreover, calculations can be done without any errors,
which impacts on performance of a company.
In present competitive market, organizations need to make the best use of resources to
position themselves at global market. Incorporation of technology can help them to achieve
this goal and helps to save operational costs at a greater rate. Traditional pen, journals, and
ledgers are replaced almost by information system in the process of accounting. As stated by
Ghasemi et al. (2011), every business company today rely on data management software like
excel for making entries and checking essential updates. For staying in market competition it
is essential for every firm to adopt technology in the process of accounting. Manual data
entry and calculation increase risk of human error that causes loss of essential resources and