Information Technology : Sample Assignment

Introduction
Information Technology has been so vital in shaping up the business world. The benefits
derived from implementation of Information Technology in an organisation are undisputable.
Communication sector, education sector, health sector or be it the business sector in general, the
impact of IT has been commendable and the effectiveness and efficiency derived from IT has led
to better business practices. It helps in saving time and cost of an organisation while making sure
the transactions are recorded in a fair way keeping things transparent. It also helps in data storage
facility, data management, analysis and produces important output as per the requirements of the
organisation. This report analyses different articles to analyse the impact of computer technology
on accounting system.
Summary of the Theory
According to Coman and Coman (2016), information technology has a strong influence
on the financial accounting system of an organization. With the advancement of globalization, IT
is providing competitive advantage especially in the crisis period. The authors intend to
demonstrate the role of information systems and how the accounting systems have changed the
business scenario. Coman and Coman (2016) have reviewed literature and stated the advantages
of technology in financial accounting system. It also states the influence of IT on the financial
accounting department of an organization.
According to Ghasemi and Shafeiepour (2011), information technology’s impact on
accounting system is immense. The focus shifted immensely towards improvement of accounting
accuracy. Now everyone uses the IT tools for developing and using computerized systems while
recording and tracking the financial transactions. Its accuracy and network system helps in

saving time while preparing the financial statements. The managerial decision making can be
effectively achieved. Say, if they want to analyse the expenditure, managers have to ask for
expenses related transaction which is easy to extract with help of an efficient IT tool.
According to Klovienė and Gimzauskiene (2015), the compliance of rules, standards and
laws by the business entity with respect to its accounting system is the major focus of preparing
the financial statements. The author focuses on the conformity of the company with its
accounting system. The case study used proves that for the accounting system to be effective, the
external environment needs to be considered and the effects of the same as an internal
environment. They have highlighted the differences while using the accounting system in static
or dynamic external environment and the reaction on internal organisation.
According to Güney (2014), the technology’s role in accounting and e-accounting has
helped in changing the methods used for carrying out the tasks. The author mentions that the era
belongs to the technology and developments achieved because of the technology. The
technology has influenced the accounting system vastly. The IT tools help in educating the users
for doing their tasks more efficiently and effectively. The students should take on courses that
are more targets based. E-accounting helps the management in covering up the work more
effectively and with proper flexibility.
Common themes/findings across the four articles
The common theme that is observed across the four articles is the impact of information
technology on the accounting system. The articles discuss the role of technology in accounting.
As technological developments have changed the way of conducting accounting activities, the
articles have highlighted the importance of technology in the current world. The articles discuss

the ways in which information technology has brought digital revolution in social, economic and
cultural fields. The adaptation of latest tools and software has led to a better accounting system
all over the business entities. This helped in saving time and effort as well as achieving the goal
of transparent and accurate financial statements. The IT helps in recording the transactions as
well as keeping a track on the same. The managerial decisions are easily taken because of the
information gathered with the help of better accounting systems. The functionality, accuracy,
processing and flexibility have improved over the years due to the IT. Good accounting system is
the initiation of better decision making processes. Also, all the articles discuss the policies and
objectives are framed as per the information gathered from the accounting system. The articles
share the common theme of how E-accounting helps in sharing real time data and updated
information with help of various IT tools and the internet.
Different themes/findings across the four articles
The theme by Coman and Coman (2016) is different from the other researchers as it is
based on the hypothesis that there are firms that are based on information technology thereby
making the quality of IT services highly essential. Further, another hypothesis of the study by
Coman and Coman (2016) is that there are organizations preferring integrated solutions and that
that require distinct solutions without integrating among themselves. The research findngs of
Ghasemi and Shafeiepour (2011) is different as they have elaborated the impact of Information
Technology on the accounting system of the current era. They discussed the effects of IT on
accounting by pointing out the benefits derived from the system and usage of processing of
accounting using various software tools and covered the issue of income tax, audit, word
processing, EDI, electronic funds transfer and graphic software.

Further, the study conducted by Klovienė and Gimzauskiene (2015) is different as they
have focused on the gap between the practice and theory in the accounting system and the
business environment characteristics that affect this gap. They have revealed the accounting
system’s conformity with its business environment and new insights have been provided for
identification. Lastly, Güney (2014) covered the role played by the technology in accounting and
how it has been changing the methods of completing the task. The benefits of e-accounting and
the real time updated data. The theme is different from others as it discusses how educating the
students and the employees is going to improve the accounting process and its understanding has
been discussed. The curriculums nee to include the technology related courses and individuals
should be trained accordingly.
Managerial implication of the four articles
The findings by Coman and Coman (2016) are relevant and may be utilized by the
managers. The managers may give more importance to the information system and lay
significant investment on integrated solutions. The managers may give more attention to
Business Intelligence applications in the firm thereby addressing the business demands. Ghasemi
and Shafeiepour (2011) discusses about advantages and disadvantages of Information technology
in an organisation’s accounting system. It is advantageous for the managers as decision making
becomes easier with the help of such information extracted from the records. The individual
reports can easily be extracted and utilised for the core purpose of the same. Functionality,
flexibility, accuracy, processing and external reporting can be improved through the findings of
this research study.

Klovienė and Gimzauskiene (2015) findings were about the compliance of laws, rules
and regulations of an organisation with respect to its accounting systems. The discussion was
also about the external environment and its impact on the internal environment of an
organisation. This research study is beneficial for the managers as the case study provided
evidences where using effective accounting system helps the businesses which are operating in
different environments. The research study conducted by Güney (2014) discussed about the
advanced technology and its use in this era and referred this era to be information driven. The
digital revolution caused in the social, economic and cultural areas by the information
technology is immense and the growth and development can be evidently felt.
Study limitations and future research direction proposed in the four articles
The study conducted by Coman and Coman (2016) has limitations as no significant
literature review is conducted. There is no section for data analysis where the gathered data is
reviewed. Further, quantitative data could have been more helpful in proving the hypothesis. The
research findings by Ghasemi and Shafeiepour (2011) does not involve a discussion how e-
accounting affects the employment. According to the study conducted by Klovienė and
Gimzauskiene (2015), the research is limited to a single bank. The future researchers may collect
data for a broader range. The research study conducted by Güney (2014) has not conducted
qualitative or quantitative research. The future study can be enhanced by conducting a literature
review and analysing the data.
Conclusion
Conclusively it is quite evident that the role played by the IT is vital for a business and its
development. The accuracy and transparency helps in gaining trust of the stakeholders that can

be achieved by proper accounting systems. Accounting systems can be improved with the help of
IT tools and can be used under different business environments for more effective results. The
technology driven era made the compliance useful and effective and now everyone is following
the same. The managerial decision making has improved and personal reports can be extracted as
per the needs of the organisation. The financial statements present true and fair view and the
transaction can be traced back to its origin point and the issues can be timely resolved. The
digital revolution has enhanced the work culture and developed the social, economical and
cultural fields.

References
Coman, D.M. and Coman, M.D., 2016. The impact of Information Technology on the
Company's Financial-Accounting System. Valahian Journal of Economic Studies, 7(4), p.65.
Ghasemi, M., Shafeiepour, V., Aslani, M. and Barvayeh, E., 2011. The impact of Information
Technology (IT) on modern accounting systems. Procedia-Social and Behavioral Sciences, 28,
pp.112-116.
Güney, A., 2014. Role of technology in accounting and e-accounting. Procedia-Social and
Behavioral Sciences, 152, pp.852-855.
Klovienė, L. and Gimzauskiene, E., 2015. The effect of information technology on accounting
system's conformity with business environment: A case study in banking sector company.
Procedia Economics and Finance, 32, pp.1707-1712.