Role of Information Technology on Modern Accounting System

This research evaluates the importance of information technology (IT) in the modern accounting system. It clarifies the existing relationship between IT and accounting system, favourable factors for implementing IT in modern accounting system and benefits that can be acquired after implementing IT in accounting system.

Role of Information Technology
On Modern Accounting System
Your name
Student Number
BUS707 Applied Business Research

Introduction to the research
• The very purpose of this research is to evaluate the
importance of information technology (IT), in the
modern accounting system.
• The work culture of the business has been changing at
a enormous pace. Hence, it is mandatory to understand
the way in which corporate business firms have
adopted to such changes (Otley, 2016).
• The approach intends to follow a specific pattern, the
background of this study has been followed by
consequences, objectives and problems, the literarture
review, its design and methods of data collection and
its ethical consideration.

Research Problem & Research Objectives
Research Problem:-
All the previous research studies, that were undertaken was not able to
appreciate the implementation of Information technology (IT) in their
accounting systems and therefore, it make difficult for the business firms to
understand the kind of accounting system that would be suitable for them.
(Yadav 2016). Therefore this is a particular reason for the purpose of the study
to be carried on. By means of conducting research the author aims to arrive at
a recommendation to this particular issue.
Research Objectives :
1. To clarify the existing relationship between the IT and accounting system.
2. What are the favourable factors for implementing IT in modern accounting
system.
3. To have a better prospect of the benefits that can be acquired after
implementing IT in accounting system.

Literature Review
The theories which has been considered in this research is as follows:-
• Information Technology (IT)
• Modern computer based accounting system
• Impact of IT in accounting.
By means of this theories, the objective of the author relies upon to bring about
a comprehensive analysis, which will enhance in better understanding of the
implementation of IT in accounting system and accordingly providing solution
to different business firms in utilizing the right technology for the business.
(Alrabei 2014)

Research Design & Methodology
• Kinds of research: The method of research chosen is Experimental
method, which shall elaborate the circumstance.
• Chosen research approach: The kind of research approach chosen is
Deductive Approach, whereas an hypothesis will be undertaken on the
nature of literature review (Sutton and Austin 2015).
• Kinds of data being undertaken: qualitative and quantitate data method
facilitate implementation of primary data.
• Data collection: In case of Qualitative data, the method of data collection
involves use of open ended and closed ended questionaries'. In case of
Quantitative data, the method of data collection involves use of online
survey platform.

Research Design & Methodology
(cont.)
• Sampling Method: The sample consist of the different firms in Australia
that operates different accounting system. Sample size would comprise of
150 samples, participating in the survey process and for the purpose of
qualitative research 4 Individual will be chosen. Random Sampling
Method will be implemented.
• Research Analysis method: A strategy of mix research methodology to
be used (Morse 2016)
• Ethical concerns: All the research needs to be ethical, and in this respect
the research will implement the use of the Cronbach’s Alpha Test for the
purpose of measuring the effectiveness of data the is being acquired.

Ethical considerations
It is stated that the identities of the samples will be kept hidden and shall not be
discussed with any other Individual. Moreover, the proper permission of the
samples is mandatory before undertaking any survey or interview. Therefore,
stakeholders shall not be impacted.

Reference List and Bibliography
Alrabei, A.M.A., 2014. The impact of accounting information system on the Islamic Banks of Jordan: an empirical study. European Scientific
Journal, ESJ, 10(4).
Avwokeni, A.J., 2018. On the value relevance argument: do market participants place a premium on future prospects of the firm?. Journal of
Financial Reporting and Accounting, 16(4), pp.660-676.
Morgan, D.L., 2014. Pragmatism as a paradigm for social research. Qualitative Inquiry, 20(8), pp.1045-1053.
Morse, J.M., 2016. Mixed method design: Principles and procedures. Routledge.
Noble, H. and Smith, J., 2015. Issues of validity and reliability in qualitative research. Evidence-Based Nursing, pp.ebnurs-2015.
Otley, D., 2016. The contingency theory of management accounting and control: 1980–2014. Management accounting research, 31, pp.45-62.
Quinlan, C., Babin, B., Carr, J. and Griffin, M., 2019. Business research methods. South Western Cengage.
Sekaran, U. and Bougie, R., 2016. Research methods for business: A skill building approach. John Wiley & Sons.
St. Pierre, E.A. and Jackson, A.Y., 2014. Qualitative data analysis after coding.
Stanley, R., 2017. Influence of Classification of Accounting Entities for Reporting in the Context of Legislative Changes1. STRATEGIC
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Susanto, A., 2015. What factors influence the quality of accounting information. International Journal of Applied Business and Economic
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Sutton, J. and Austin, Z., 2015. Qualitative research: data collection, analysis, and management. The Canadian journal of hospital
pharmacy, 68(3), p.226.
Wickboldt, J.A., De Jesus, W.P., Isolani, P.H., Both, C.B., Rochol, J. and Granville, L.Z., 2015. Software-defined networking: management
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Yadav, M.S., 2016. The impact of information technology on modern accounting systems with reference to Pune Region. International
Journal of Research in IT and Management, 6(8), pp.87-94.