Impacts and Significance of Technology Implementation in Accounting and Finance

Running head: APPLIED BUSINESS RESEARCH
Impacts and Significance of Technology Implementation in Accounting and Finance

APPLIED BUSINESS RESEARCH 2
Abstract
The main aim of this investigation is to analyze the impacts and significance of technology
implementation in accounting and finance. This research completes the main aim of this research
through different chapters such as introduction, literature review, research methodology, data
analysis, and conclusion. This research illustrated that the company should build the reliable
accounting and financial reporting practices, which ensures the profitability, high prosperity, and
sustainability of the company. It is also evaluated that information technology aids to get the
competitive benefits in a business organization. Research methodology is the third chapter that
contains a different strategy to pool the data in a systematic manner. Furthermore, both primary
and secondary data collection method will be used to gather the information regarding research
concern. Mixed research approach would be practiced for pooling the information. Along with
this, statistical data analysis would be implemented to assess the pooled information about
research.

APPLIED BUSINESS RESEARCH 3
Table of Contents
Abstract.......................................................................................................................................................2
Introduction to the research.........................................................................................................................4
Research problem and research objectives..................................................................................................7
Literature review.........................................................................................................................................8
Research Design and Methodology...........................................................................................................12
References.................................................................................................................................................17

APPLIED BUSINESS RESEARCH 4
Introduction to the research
Introduce the topic of the research
The topic of this research is to assess the impacts and significance of technology implementation
in accounting and finance.
What real problem does the research seek to resolve and why is it important to research
this topic
In the contemporary times, accounting and financial reporting are defined as the practices of
recording the financial data, transaction, auditing and assessing the several financial practices
and performances of certain companies that have a massive implication, particularly in the
business structure and international business. In the contemporary international business
phenomenon, trends of inclusiveness, integration, and interconnectedness of company are
increasing and several nations focus on globalization and liberalization and emphasize on the
transformation in the practices of government in across the different nations. The company needs
to develop the reliable financial and accounting reporting practices that make sure the high
prosperity, profitability along with the sustainability of the business organization. It will also aid
to deal in complex operational structure (Ruivo, Oliveira, and Neto, 2014).
The international business phenomenon has made the noteworthy transformations in their
operational structure with the intention of technological and infrastructural aspects. The
development of the technological structure has persuaded the process of business significantly
along with; there is no exception to incorporate the finance and accounting aspects. With the
period of time, financial and accounting practices across the international level have experienced
the substantial alteration due to the integration of technological advance in these fields,
particularly in the sectors of commerce and trade. Furthermore, integration of technology has