Impact of Technological Innovation on Accounting and its Role in Developing Business Performance

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Applied Business Research

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1. Executive Summary
The main aim of this research paper is to emphasis the topic of “innovation on accounting and its
impact on businesses” in order to bring better understanding regarding which data will be
considered to analyze the selected topic. The role of the accounting in the business keeps a
noteworthy value as it helps in generating more revenues in the context of the business. It has
been found that the evolution in the accounting software helps communication and cloud that put
magnificent mark over the field and play a role in amending everyday activities of an accountant
in contemporary world of developed technological advancements. The research methodology
section has given proper information regarding in what way the data can be collected to get a
sufficient information regarding the selected topic. Total Quality Management is considered as
the biggest innovation in the field of accounting that impact a significant impact over many
businesses. The organizations have become more advanced due to evolution of the technology
and it is necessary for them to focus on assessing the mediating effects of the performance of the
staff and innovation performance in relation to the Total Quality Management practices and
business performance. Along with that, the research methodology has been elaborated to attain
the desired aims and objectives on the selected topic for the research.

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Contents
1. Executive Summary.....................................................................................................................2
2. Introduction to the research.........................................................................................................4
Research Background..................................................................................................................4
Overview of client organization- there is no organization...........................................................4
Research seeks to resolve.............................................................................................................4
Outline the structure of this proposal...........................................................................................5
Introduction..............................................................................................................................5
Literature review......................................................................................................................5
Research methodology.............................................................................................................5
3. Research problem and research objectives..................................................................................6
4. Theoretical Background/Literature review..................................................................................6
5. Research Design and Methodology.............................................................................................9
Research philosophy....................................................................................................................9
Research strategies.......................................................................................................................9
Research approach.....................................................................................................................10
Research design..........................................................................................................................10
Data collection method..............................................................................................................11
Sampling procedure...................................................................................................................11

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Data analysis..............................................................................................................................11
Research limitations...................................................................................................................12
Ethical consideration..................................................................................................................12
6. Conclusion.................................................................................................................................12
References......................................................................................................................................13
Appendecies...................................................................................................................................15

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2. Introduction to the research
Research Background
It has been found that the sector of the accounting has been amending swiftly in order to attain
the desired goals of the company in an efficient manner. The accounting sector is known as the
sector which can grow in a quick manner with the help of the accounting innovation. The role of
the accountant has been changed within the business due to amendment in the technology that
leads the business of accountancy at the peak of the growth. According to Chenhall and Moers,
(2015), there is some accounting software available in the market that helps accountant to work
in a smooth manner from which they become high popular in small business. It has been found
that the technological innovation in the accounting business has made various jobs of the
accountants easier and changed obstructed jobs of the accountants into accurate ones (Theriou,
2015).
The research on accounting business shows some issues as well, there are various companies in
the accounting business that are handling conflicts with the innovation in accounting that
happens from integration of new technologies. It has become hard for accounting companies to
move towards making innovations in accounting by adopting simpler model as they need to
focus on making an effective model to get innovation attention. There are various phases of the
changes which can occur in various phases of the business at the time of creating innovations in
accounting (Schaltegger and Burritt, 2017). This turn become the major cause of confronts for
many accounting companies in making their decisions related to their job. However, this issue
can develop some actions upper level of difficulty to manage for which the facilitators need to
take other step for the purpose of making easier step. Hence, it can be predicted that the business

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have upper level of high chances in converting automated due to innovation technology. It shows
that the enterprise needs to execute techniques for the aim of making their businesses survive in
the competitive business environment.
Overview of client organization- there is no organization
Research seeks to resolve
The proper information will be given by the researcher to resolve the issue related to the
accounting business due to technological innovation. The researcher will highlight various
aspects of the technological innovation in the field of accounting. It is necessary for the
companies that deal in the accounting innovation to focus on positive as well as negative impact
over the business which will be highlighted by the researcher. However, the discussion is not
being made on the organization but the discussed will be made by the researcher on many
strategies for efficiently suggesting the accounting innovation in order to develop the
performance of the organizations (Jaggi, Allini, Rossi and Caldarelli, 2016). Moreover, it is
evaluated that the researcher would also be able to provide the best effort in the organization and
drawing a reliable conclusion.
Outline the structure of this proposal
The research outline keeps significant value in defining the step by step process of the research
to complete the comprehensive understanding. There are various factors that are focused by the
researcher to conduct the research in the form of introduction, literature review and research
methodology. These are elaborated as below: