Analysis of Digital Technology's Impact on Business Activity

This report examines the impact of digital technology on business activity, using a case study of Tesco. It explores the aims, objectives, and project management plan, including a Gantt chart and work breakdown structure. The report delves into the methods used, data analysis, and communication of recommendations. It investigates the benefits of digital technology, such as business intelligence systems, on accounting practices and financial performance. The research aims to analyze the effect of digital technology on the accounting system of Tesco company, identify the benefits of utilizing the digital or business intelligence system in accounting, and recommend strategies for increasing the effectiveness of the accounting system. The report covers costs, quality, time, scope, resources, and risks involved in the project. The report also provides an analysis of the impact of digital technology on the accounting activity in an organization, including its effects on investors and financial decision-making.

The impact of Digital technology of Business Activity

Table of Contents
INTRODUCTION...........................................................................................................................4
TASK 1............................................................................................................................................4
P 1 Aims and objectives of an investigation procedure..............................................................4
P 2 Project management plan ....................................................................................................5
P 3 Gantt chart and work break down structure.........................................................................8
Lo 2 .................................................................................................................................................9
P 4 Methods to be utilised in investigation ...............................................................................9
LO 3 ..............................................................................................................................................13
P5. Analysis of information......................................................................................................13
P 6 Communicating appropriate recommendation ..................................................................17
LO 4 ..............................................................................................................................................18
P7 Reflection ............................................................................................................................18
REFERENCES..............................................................................................................................19

INTRODUCTION
The growth of digital technology has bought major changes in the way of doing
business. It has supported an enterprise in bringing the improvement in activities , procedures
and system. Development in digital technology has changed the way accounts were recorded
and maintained by the finance department in an organisation. It has supported Finance manager
in developing the effective accounting management system. Digital technology has provided
business entity an ease in recording the routine business Transactions. It has helped an
enterprise in reducing the paper work. Digital technology has provided finance manager an ease
in keeping the track of all the financial transaction and monitors the business performance. It has
assisted an enterprise in controlling the cash flows.
One of the biggest applications is the enhancement of business intelligence through the
use of social technologies and data analytics. Digital technology like business intelligence
system assist finance manager in monitoring the revenue earned by firm during specific
financial year. It also provides finance manager an ease in making comparison between past
and present performance of company. Utilisation of digital technology has impact on the actions
of investors and others is pretty evident. Digital technology also provide manager an ease in
making suitable investment and other Financial decision. It also supports an organisation in
improving financial performance. Digital technology is proved beneficial as well as well as
useful for those big organisation who have large turnover and facilitates many business
transaction on daily basis. It has supported an enterprise in increasing the business efficiency as
well as effectiveness of accounting system.
The purpose of the research is to analyse the impact of digital technology on the
accoutring activity in an organisation - A case scenario of Tesco organisation.
TASK 1
P 1 Aims and objectives of an investigation procedure
Aim- To analyse the impact of digitalisation on the accounting activity within an enterprise- A
case study of Tesco organisation.
Objectives -
 To analyse the effect of emergence of digital technology on the accounting system of
Tesco company.
 To develop the understanding about the accounting system and digitalisation.

 To explore the way digital technology has assisted business entity in bringing
improvement in accounting system.
 To identify the benefits of utilising the digital or business intelligence system in
accounting .
 To increase sales by 10 percent within 6 months.
 To reduce the costs or other expenses by 5 percent within 3 months.
 To recommend the strategies which can be used by Tesco company for increasing the
effectiveness of accounting system.
P 2 Project management plan
The project management plan consists of detail information about the several activities
which will executed by researcher during the investigation procedure. The purpose of developing
the Project management is to execute research activity in smooth manner. Project management
plan is considered to be as an effective plan which assist scholar in identifying the obstacles
which might occur in facilitating or conducting the investigation process. It also helps researcher
in analysing the risk which are associated with executing the survey on specific topic. The
project management plan also includes the detail information about the communication
techniques or methods which will be used by scholar for interacting with other people during the
procedure (Eagleman, 2013). It also covers the strategies or techniques which will be
implemented by researcher for maintain the quality of work. Project management also involves
Time schedule according to which all the tasks will be executed during the survey. It helps
researcher in eliminating the barriers. Project management also supports the researcher in
development of effective tactics as well as strategies which can be used by scholar for managing
risk or dealing with uncertain situation during the investigation process. It also enables
Researcher to ensure successful completion of research project.
Costs- The expenses are directly associated with the executing the several activities
during the survey. The major cost is generally associated with making arrangement for
facilitating interview for collecting the information from the respondents. The changes in the
economic factors has great influence on the cost factor in project management plan. In context of
the investigation process , cost might be incurred in designing of the procedure or system which
might not be effective. Some expenses might be fixed , variable or directly associated with the

implementation of research project. Direct cost involves material , labour , stationery , printing ,
collection of information etc. Indirect costs includes salary or wages to the person hired for
collecting data or facilitating interview, quality control costs , insurance etc. The effectiveness of
investigation procedure can be measured in terms of the total costs incurred by scholar in order
to complete research project.
Considering the cost in project management plan is important , as it assist investigator in
determining the expenses and helps scholar in making the arrangement for financial resources.
Determination of costs when preparing the project plan assist researcher in designing the suitable
strategies for controlling the Expenditures. In present investigation , investigator has prepared
budget for each activity and procedure. The cost of research project is calculated and described
as the full economic expenditure.
Quality- It is very much essential for the researcher to select the appropriate design for
facilitating investigation. As the quality of work is totally based on the research design.
Managing or concentrating on the quality of research is very much crucial in terms of ensuring
the desired results. There are mainly two criteria are generally used for measuring the quality of
research project. These are theoretical and methodological robustness as well as effect of the
research project on users. Good quality work will help scholar in establishing the positive
impression on user. It is very much important for researcher to clearly defined the aims and
objectives of investigation process. Quality in research work helps user in developing the
confidence in findings or conclusion drawn by scholar. It is very much important for investigator
to select the appropriate m ethologies , approaches , techniques during investigation procedure.
As this will assist researcher in maintaining the quality in work.
In the present investigation , researcher have utilised some modern techniques as well as
have taken support of advance technology for maintaining the quality of work.
Time – It is considered to be as important element in project management plan. Scholar
should set time schedule for each and every task. As this strategy will assist investigator in
completing the research project on time. In present study, investigator has formulated the time
management strategy. Time allotment should be done on the basis of nature of the task.
Scope – It includes the detail about all those action or activities which will be
implemented by researcher during the investigation process. Scope of the project also covers the
aims , objectives , detail about deliverables, information about activities etc. It also involves the

information about deadlines on which specific process or activity is required to be completed. As
the present investigation is on topic analysing the impact of digitalisation on the accounting
system in Tesco organisation, Research has limited scope. There are only specific researcher
activities such as collection of data, analysis, interpretation , presentation and printing of
information will be dine by researcher.
Resources – There are need of different tapers of resources for executing each and every
activity during survey. It is very much important for investigator to determine the requirement of
resources when developing a project management plan. As this will assist researcher in
eliminating the barriers in execution of investigation. Determination of resources or material at
planning stage will support scholar in designing the task. Lack of resources can create big
barriers in the implementation of plans.
The various types of resources required for facilitating research are technology ,
communication devices , human resource , stationery and other material.
Risk – It includes the risks to participants are reasonable in relation to the potential
benefits to participants and to society. Risk can be refers to as the probability of harm. There
might be chances of risk to participants such as physical and psychological harm. It is very
much necessary for scholar to determine the probability of occurrence of different type of risk.
As this activity will assist scholar in eliminating the legal issues or obligations. The chances of
different types of harm physical, psychological, social, legal, or economic might occur as a
result of participating in investigation process. Risk factor has direct as well as significant
influence on the completion time of research .
In context of present study , the major risk is of Human error which is directly linked
with accumulation of information or facts from respondent.
Communication – The different electronic devices as well as techniques can be utilised
for facilitation the communicability. As effective as well as continuous interaction between the
people associated with research project is very important in order to complete investigation
process in effective , efficient and organised manner. Smooth as well as uninterrupted flow of
information is crucial in terms of preventing the overlapping of activities (Zumitzavan and
Michie, 2015). It is also significant for avoiding the wastage of resources during survey.

P 3 Gantt chart and work break down structure
Gantt chart is that represents the different activities which are to be executed during the
specific time period. It also indicates the time duration of each task. Gantt chart is also
recognised to be as effective tool or techniques which can be used by an individual for making
the plans for different types of projects. It consists of starting as well as ending time of each
activity.
Work breakdown structure is defined as the system re-engineering which is created
specifically by project manager for managing as well as controlling the diffrent activities during
research procedures. It is mainly a grouping of task in small parts. Work breakdown structure is
considered to be as an effective technique which is used by project manager in order to
minimise the work burden and make the task look simpler.
Task Name Duration Start Finish Predecessors
Research project 70days 6/27/18 6/15/18
Planning 19 days 2/27/18 3/24/18
Selection of topic for
investigation 8 days 2/27/18 03/09/18 6
Analysing the problem 6 days 03/10/18 3/20/18 3
Preparing the time schedule for
the allotment of resources 5days 3/21/18 3/24/18 4
Carrying the investigation
process 50 days 3/27/18 06/06/18
Analysing the view of different
authors and writing literature
review
10 days 3/27/18 04/11/18 9
Choosing the methodolgy to be
used in survey 15 days 04/12/18 05/03/18 11
determination of the
expenditures 5 days 05/04/18 05/11/18 5
Analysis and interpretation of 17 days 05/12/18 06/06/18 15

data
Evaluation of result 9 days 05/12/18 5/25/18 8
Closing of Investigation project 14 days 5/26/18 6/15/18
conclusion and recommendations 7 days 5/26/18 06/06/18 6
Proper documentation of
outcome 5 days 06/07/18 6/14/18 5
Submission of report 1 day 6/15/18 6/15/18 1
Lo 2
P 4 Methods to be utilised in investigation
It is very much important for scholar to select the appropriate techniques , approaches for
facilitating the investigation. As the methodologies utilised during the survey has direct
influence on the quality of work. Selection of approaches and techniques also have significant
influence on the outcome of investigation procedure. Research methodologies as well as
approaches assist investigator in completing the research project in systematic manner. It also
enables researcher to reach some specific conclusion and support investigator in making suitable
decision (Özerdem and Bowd, 2016.). Some approaches, concepts , philosophies, techniques ,
design , methods used by the scholar in present study are :
Research design – It is refers to as the plan or strategy designed as well as implemented
by researcher in order to complete the investigation process on time. Research design is selected
by researcher on the basis of nature of problem as well as type of investigation. In present
investigation, different techniques has been utilised by scholar for completing the research
procedure on time. It is very much important for researcher to select appropriate design for
facilitating survey (Bulgurcu, Cavusoglu and Benbasat, 2010). As design used in investigation
process has direct as well as major influence on the quality of work. There are some research
design which can be utilised by researcher for executing research activity are descriptive,
experimental, explortaory and explanatory. In present study consiudering the nature of issue as
well as type of research , scholar have used explanatory design. This specific design has been
seleced, as it has herlped scholar in new things as well as facts in earlier studies on similar topics

(Borghoff and Pareschi, eds., 2013). The another reson is that explanatory design has been
chosen by scholar on the basis of assumption that it will help in analyisng the relation between
the cause nad effect of implementibng the digitla technology in accpounting department.
Rese4arch design also involves intersection of philosophy. It allows researcher to nnalyse the
techniques or to develop the innovative ideas through which investigation can be complete in
systematic manner.
Research approach – There are mainly three types of investigation approaches these are
quantitative, qualitative and mixed. Researcher approaches can be applied by the scholar in
different task or activities such as during the time of collection of information , interpretation ,
analysis and presentation of data (Miller and et. al., 2012). In present study on topic analysing
the impact of digitalisation on accounting system , researcher will use mixed approaches. This
investigation approach integrates both quantitative and qualitative form. Mixed approaches
assist increasing the strength of research.
Investigation philosophy- This factor has direct as well as major influence on the way
the various activities are to be executed. It is very much important for scholar to develop the
understanding about the views or opinion of other people on the topic Investigation philosophy
assist researcher in making suitable decision (Weil, Schipper and Francis, 2013). It also helps
researcher in addressing the issue and analysing the effective solution for the same.
Sampling technique- A sample design is the model, or blue print, which serves as the
foundation for the selection of a survey sample and affects many other important aspects of
research as well. Sampling includes the rules as well as regulation which are required to be
followed by scholar for selecting the sample of respondents from the wide population. There are
varieties of sampling techniques which can be utilised by scholar for selecting the participants
are sample random, cluster, systematic, stratified etc. In present investigation, researcher will
use random sampling techniques (Messner,2016). As in this type of sampling technique each and
every participant has equal chance of selection. Random sampling also supports investigator in
eliminating the biasses.
In present study 20 respondent has been selected by investigator through random
sampling technique.
Sources as well as Methods used for data collection – The data collection is
recognised to be as the important activity in investigation procedure. It allows investigator to get

the answers to various of questions. The facts of information accumulated from the primary or
secondary sources helps investigator in reaching to the conclusion and assist researcher in
making suitable decision. In present investigation, researcher will have utilised both primary as
well as secondary sources for gathering the facts or information. In addition to this the various
techniques which has been utilised by investigator for gathering data are interview and
questionnaire (Otley and Emmanuel, 2013). In questionnaire form, researcher have included
close ended question. Personal distribution has been selected as the technique or method for
distributing questionnaire. In addition to this E-mail has been used for circulating or sending
questionnaire to respondents. E-Mail has been utilised as the devices or distribution
questionnaire in order to provide participants an ease or convenience in filling questionnaire
form.
Techniques utilised for analysing information – data analysis includes the refining of
information. This is done to ensure the effectiveness of data or reliableness of information
gathered during the investigating procedure (Ismail and King,2014). The two methodologies or
techniques which can be utilised for analysing the data are qualitative as well as quantitative. In
present study, researcher have used qualitative data analysis technique.
Questionnaire
Demographic information
Name: __________________
Age: ________________
Gender: _________________
1. What type of technology Tesco company is presently using for recording as well as
managing business transaction ?.
 Information system
 Advance accounting software
 Traditional accounting technology
 ERP
Ques 2 How much agree you are with the statement that Utilising the digital technology can
bring improvement in accounting system ?
 Completely agree
 Partly agree

 Not agree
Ques 3. What are the Benefits or advantages of implementing digital technology in accounting
department?
 Increase office productivity.
 Improved accounting management practices.
 enhanced the agility of the financial Information .
 Reduce in the cost of maintaining records
Ques 4. Do you agree with the statement that the employment of digital technology has helped
business entity in improving accounting procedures ?
 Yes
 No
 Don't Know
Ques 4. What Type of Impact digitalisation have on the accounting system within an
enterprise?
 Positive
 Negative
 Both.
Ques 5 How much aware your are about the advance accounting software ?
 Little aware
 No knowledge
 Completely aware
Ques 6 What is use of digital technology in accounting department?
 It can be utilised for preparing the financial report.
 Recording of routine business transaction.
 For tracking the business transactions.
 For recoding as well as maintaining data related to sales
Ques 7 . What is the most effective application which can be utilised for accounting work?
 Business intelligence system
 Cloud computing
 Information system
 None of the above

Ques 8 . How much important for Tesco company to implement digital technology in
accounting department?
 Very much important
 less important
 Not important.
Ques 9. Why it is necessary for company to implement digital technology for accounting work?
 It assists in reliable financial information which is crucial for decision making.
 It is the way through which the financial information can be gathered and stored.
 None of the above
Ques 10. What is the purpose of accounting information system?
 To confirm data financial information which is entered is valid and reliable.
 To maintain relevancy and efficiency of financial information.
 To maker accounting procedure simple.
LO 3
P5. Analysis of information
Theme 1:Traditional accounting technology, Tesco company is presently using for recording as
well as managing business transaction.
What type of technology Tesco company is presently using for
recording as well as managing business transaction ?. Frequency
Information system 2
Advance accounting software 1
Traditional accounting technology 15
ERP 2
Total 20
Finding and analysis- It has been identified that Tesco organisation is presently utilising the
traditional technology for recording as well as managing business transaction. This the main
reason that an organisation is facing difficfulty nin managing cash flow. Out of 20 respondent 2
have sttated that business entity is presently utilising information system and ERP as accounting
softwares.