Innovation in Accounting and its Impact on Business

Running head: INNOVATION IN ACCOUNTING AND ITS IMPACT ON BUSINESS
Innovation in accounting and its impact on business
Name of the Student
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Author’s Note

1INNOVATION IN ACCOUNTING AND ITS IMPACT ON BUSINESS
Table of Content
1. Research Title: Innovation in Accounting and its impact on business.....................................2
2. Partner organization (if applicable): Not applicable...............................................................2
3. Background of the study...........................................................................................................2
4. Research Problem.....................................................................................................................3
5. Research Objectives.................................................................................................................4
6. Literature Review.....................................................................................................................4
7. Data collection plan..................................................................................................................5
8. Ethical consideration................................................................................................................6
9. Gantt Chart...............................................................................................................................6
References........................................................................................................................................7

2INNOVATION IN ACCOUNTING AND ITS IMPACT ON BUSINESS
1. Research Title: Innovation in Accounting and its impact on business
2. Partner organization (if applicable): Not applicable
3. Background of the study
Over the years, the accounting sector has been swiftly changing owing to yield
optimization that exists in course of equipment. The accounting sector has been
recognized as the industry where technological innovations has led to growth in business.
Innovation in accounting has changed the accountant’s role, which in turn influences the
accounting businesses. Now- a- days accounting programs have facilitated accountants in
journalizing transactions, paying bills, posting into ledgers and reporting (Kanellou and
Spathis 2013) There are some accounting software that makes the accountants easy to
utilize, thereby making them highly popular with small businesses (Ax and Greve, 2017).
The technological innovations in the field of accounting has made jobs of the accountants
easier from their regular jobs in generating accounting statements with the help of certain
technologies and software (Malsch and Gendron 2013). The technological innovation
have changed obstructed jobs of the accountants into accurate ones. Innovation in
accounting has been making it easier for the accountants to play bigger role in client’s
ongoing operations. Technological innovation in accounting makes easier for the
business owners in making financial decisions effectively (Chenhall and Moers 2015).
Innovation in accounting through integration of new technologies also makes the
accountant’s work highly reliable with less error margin and less tedious. Furthermore,
technological innovations in the tax software also helped the accountants to increase