Implementation of Technology in Accounting and Finance

RESEARCH PROPOSAL

ABSTRACT
Technological evolution has played a vital role in the accounting and finance industry.
There is requirement of complete and relevant information to stakeholders about working
performance to maintain loyalty and trust. In this report, there is discussion about critical review
of four articles which are related to accounting and finance. Report analyse the importance of
technology in accounts and finance. It also includes benefits of the technology in accounting and
its impact on accounting and finance industry.

Table of Contents
ABSTRACT ....................................................................................................................................2
Research background :.....................................................................................................................4
Significance :...................................................................................................................................4
Rationale :........................................................................................................................................4
Ethical considerations :....................................................................................................................5
LITERATURE REVIEW ...............................................................................................................8
RESEARCH METHODOLOGY...................................................................................................12
REFERENCES..............................................................................................................................15

Aim : “To assess impact of implementation of technology in accounting and finance department
Pitcher Partners in relation with Pitcher Partners”.
Research background :
Technology refers to the skills, techniques, methods that are used in producing goods or
to provide services to the customer's for achieving different objectives. It can also be described
as the development and use of tools and techniques. It helps to perform new things or to solve a
particular problem. Accounting and financial services that an organisation provides should be
appropriate and authentic for effective decision-making. Nowadays, due to technological
advancement, firms are able to store, recording financial data in an appropriate manner. The
present report is based on Pitcher Partners that provide specialized services to small business,
family owned business and public sector firms. The organization is a union of independent
companies. It offers various services like accounting, consulting, wealth management etc. It has
45 partners and nearly 600 professionals and support staff. The research will provide an insight
to the impact of using technology in accounting and finance department of the company.
Significance :
It refers to the quality of being important. The research study will help to determine the
impact of advancements in technology on accounting and finance. The study will help different
scholars and researchers. They will be able to get deep understanding on the advantage of using
technology in the services related with accounting and finance, value of technology for finance
and accounting department in the organisation etc. Further, the research will also help the
scholars to conduct research in similar area. It will also help researchers to save their funds, time
and other resources that are involved in conducting fresh research in the field of accounting and
finance. Moreover, the study will help other firms that are operating in Australia to understand
the role of technology in accounting and finance department. The research will also assist the
students that are studying in Universities in preparing project report on subject related with
accounting and finance.
Rationale :
The research is related with the impact of implementing new technology and tools in the
department of accounting and finance in Pitcher Partners. Technological advancements like
artificial intelligence and robotics etc. is happening in the field of accounting because these tools
help accounting and finance unit to automate repetitive tasks, reducing the cost of operations and
4