Innovation in Accounting and Its Impact on Business

Name : ________________________________________________
Student ID : ____________________________________________
Proposed Research Title:
_____________________Innovation in accounting and its impact to
business___________________________________________________________________
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Client Organisation (if applicable)
Research Background:
All the revolution surrounding the arena of accounting has in terms of technology has played a
crucial job in making the work of the accountants far easier. Technology has changed the curse of
accounting in it’s entirely. Technological presence in the work of accounting has made the work
of the accountants far more reliable and less prone to errors. In the last two decades, there has
been a spur in the growth of computer and its related technologies especially in the arena of
business organisations. The business orgasnitions have started delegating the daily repetative
tasks to the technological advancments and have started leaving the tasks requiring creatibity and
decisoin making to its employees. This trend has continued in accounting too and has caused
changes in the company’s internal policies. Technological advancements have now become the
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need of the hour. Today hardly companies could stay competitive in this cut throat competitive
market scenario, by excluding the use of technology. Adoption of technological advancemnts
have become imperative in the success of today’s business organisations. With the increased
competion in the market, there has been a large scale requriement and demand for technological
innovation in the business world. This has compelled the need for assessing the impact of
innovation upon accounting and business.
Research Problem / Research Question
 Has there been any real change in accounting because of innovation?
 What kind of changes has impacted the most in accounting and business?
 Does emerging technology emerge a threat to the professions of accountants in the future?
 Which tecnologies will most impact the furture of accounting and business in the future?
 What technological improvement is required in the future for the benefit of the business?
Research Aim and Objectives:
The aims of this research are as follows:
 To understand the innovation and technological impact on Accounting and business.
 To explore different aspects of technological innovations in the field of Accounting.
 To gauge the impact of technological innovations in the field of Accounting.
 To assess the future role of innovation and technology in the field of Accounting and
business.
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