Role of Technology Implementation in Accounting and Finance
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Added on 2023/05/28
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This research aims to evaluate the role of technology implementation in accounting and finance. It explores the conceptual information about technology and accounting systems, explains the role of technology in the accounting system, and understands approaches for implementing the tool in the accounting system.
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Name : ________________________________________________ Student ID : ____________________________________________ Proposed Research Title: To evaluate the role of technology implementation in accounting and finance Client Organization (if applicable) The Australian government has always been supported the individual to start their business for improving the country situation for the long term. The Accounting industry of this country has been increased over 10 years that demonstrate the positive future of the firm. Thus, it is evaluated that Australian organization has also supported to the organization for implying technology to leads their business and sustain their position in the marketplace (Lim, 2013).In addition, it is evaluated that the organization could be effective for the organization The accounting department could be an essential part of any business as it supports to get a feasible result. Furthermore, it is evaluated that technology could lead to the complete task of the organization in the least time and cost. Moreover, it is examined that the Australian government makes feasible rules and regulation for the firm with respect to the technology implemented in the accounting for making a reliable decision about research issue 1|P a g e
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(Schalteggerand Burritt, 2017). Research Background In an accounting system, the technology could be imperative for the firm to secure the information of the organization and make a reliable decision in the context of the current matter. Apart from this, it is evaluated that the organization should comprehend the latest tools and technology for the firm to run their business and develops a positive decision in the context of existing issue. In addition, it is also evaluated that organization should use modern tools and techniques for effectively operating their firm and make higher competitive advantages (Bounfour, 2015).Technology could support organization to secure the whole information of the acting and also support to make a decision. Moreover, it is evaluated that technology could be imperative for leading the whole process of accounting as it would be effective for making a reliable result. In the current era, the technology could be effective for securing a large amount of information and make a different image of the firm. Moreover, the company could improve their financial condition of business by considering auditing tool (DRURY, 2013).This could be effective for making their unique image of the organization as compared to their market player in the marketplace but it could only be possible by considering the technology in the accounting system. Moreover, financial fraud becomes a major issue for the organization hence organization should need to improve their existing knowledge towards technology implementation and get a favorable result. In addition, it is stated that financial fraud becomes a key problem for organization hence firm has used training and development method and maintain the security in the accounting sector (Tayeh, Al-Jarrah, and Tarhini, 2015). The financial fraud could negatively impact on the organizational image hence the company should imply technology and increase the possibilities of getting positive responses. Research Problem / Research Question There are certain research objectives that will be met by the research scholar to complete the desired aim in less time and cost. These research objectives are discussed as below: 2|P a g e
What do you understand by technology and accounting system What is the role of technology in the accounting system What are the strategies for effectively implementing the technology in the accounting system Research Aim and Objectives This research is relied on identifying technology implementation in the accounting sector. Following are different objectives that are used by an investigator to complete the aim of research: To explore the conceptual information about technology and accounting system To explain the role of technology in the accounting system To understand approaches for implementing the tool in the accounting system Keywords for Literature Review Technology and accounting system Role of technology in the accounting system Approaches for implementing the tool in the accounting system Publication details of relevant articles for a literature review Geerts, G.L., 2011. A design science research methodology and its application to accounting information systems research.International Journal of Accounting Information Systems,12(2), pp.142-151. Granlund, M., 2011. Extending AIS research to management accounting and control issues: A research note.International Journal of Accounting Information Systems,12(1), pp.3-19. Lim, F.P.C., 2013. Impact of information technology on accounting systems.Asia-pacific Journal of Multimedia Services Convergent with Art, Humanities, and Sociology,3(2), pp.93- 106. Data Collection Plan 3|P a g e
The data collection tool could be effective for getting the information in the context of the research issue. There are two kinds of methods that could be known as the data collection tool named primary and secondary data collection. A data collection tool is an imperative tool for collecting data with respect to the research issue. The data collection technique is significant method to obtain the data in the context of research matter (Tayeh, Al-Jarrah, and Tarhini, 2015). For conducting this study, researchers will consider primary and secondary information gathering tool to obtain accurate information on the research issue. In this researcher, different sources will be considered by the researcher named survey through a questionnaire method, online observation, and interview method to get the information towards the research issue. The primary data collection could lead to getting feasible information towards the research concern (Maiga, Nilsson, and Jacobs, 2014). Ethical Consideration Ethical consideration is given an opportunity to conduct a positive attitude with others. It will be effective for obtaining a reliable outcome. For declining the ethical problems from a research study,the researcherwill use certain activities such as lack of data manipulation, references, plagiarism, and university rules, and regulation. The researcher should not share confidential data of the research candidates during the research as it will be effective for making a positive image with them(Maiga, Nilsson, and Jacobs, 2014). 4|P a g e
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References Bounfour, A., 2015.The management of intangibles: The organization's most valuable assets. Routledge. DRURY, C.M., 2013.Management and cost accounting. Springer. Lim, F.P.C., 2013. Impact of information technology on accounting systems. Asia-pacific Journal of Multimedia Services Convergent with Art, Humanities, and Sociology, 3(2), pp.93-106. Maiga, A.S., Nilsson, A. and Jacobs, F.A., 2014. Assessing the interaction effect of cost control systems and information technology integration on manufacturing plant financial performance.The British Accounting Review,46(1), pp.77-90. Schaltegger, S. and Burritt, R., 2017.Contemporary environmental accounting: issues, concepts, and practice. Routledge. Tayeh, M., Al-Jarrah, I.M. and Tarhini, A., 2015. Accounting vs. market-based measures of firm performance related to information technology investments.International Review of Social Sciences and Humanities,9(1), pp.129-145. 5|P a g e