Impact of Technology Implementation in Accounting and Finance Research

This report investigates the critical role of technology in accounting and finance, highlighting its significance in the modern business landscape. The research explores the challenges organizations face when implementing IT solutions, such as the need for skilled professionals and the associat...Read More

Name : ________________________________________________
Student ID: ____________________________________________
Proposed Research Title: Technology implementation in accounting and
finance.
Research Background
In the recent era, it is mandatory for the organization to increase their
understanding of the technology and comprehend how much it is imperative in
accounting and finance. The biggest issue that is faced by the company is the
capability of the firm to create and practice the computerized structure for
tracking the records of financial transaction ((Bensadon, 2015). It is stated that
Information technology networks structure could have shortened the time
required by accountants to make and present the financial data to management.
It is examined that the technology could also secure all the financial information
of the organization as it could increase the possibilities of success of the
organization (Rolffs, et al., 2015.). Finance is an imperative part of the
organization. In the lack of finance, an organization could not operate its
business effectively. It is also illustrated that there are certain challenges that
might be faced by the organization at the time of implementing it is the working
place named as lack of knowledge of the professionals about the
implementation of technology and cost of nee technology.
For this, the organization could improve the skills of an employee by considering
the training and development method and enhance the probabilities of getting
higher competitive advantages. It is illustrated that the organization could need
to examine the atmosphere of a working place for improving the performance of
the firm. For sustaining the business, technology is imperative as it would be
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effective to secure the big data (Maiga, et al., 2014).
From the ACCA, it is founded that the organization could use the technology
due to secure their data fimr the cybercrime that is being a major concern in the
current era. It is illsutrated that the information technology could faciliates to the
firm for accessing the different many people at the time of the same time.
Further, major accounting cultures, as well as the organizations, sync with a
single click of the mouse. Moreover, the business accessibility offers information
of bank to an accountant in less time. It would be effective for the organization
in secure the data and make a decision effectively. It is illustrated that the
organization could consider technology in the accounting and finance
department for operating the business in an effective way (Tan, et al., 2014).
Research Questions and Research Objectives
The primary purpose of this study is to evaluate the implementation of
technology in accounting and finance. The following objectives will be
considered by the investigator to meet the study task.
 To discover the role of technology in accounting and finance
 To ecplore, the challenges faced by the organization to implement IT in
accounting and finance
 To recommend for improving the implementation of IT implementation in
accounting and finance
Research question
 What is the role of technology in accounting and finance
 What are the challenges faced by the organization to implement IT in
accounting and finance
 Which strategies are used by the organization for improving the
implementation of IT implementation in accounting and finance
List of keywords used for Literature Review
 technology implementation in accounting and finance
 Challenges faced by the organization to use IT in accounting and finance
 Strategies for improving the implementation of IT implementation in
accounting and finance
Publication details of relevant articles for literature review
Rolffs, P., Ockwell, D. and Byrne, R., 2015. Beyond technology and finance:
pay-as-you-go sustainable energy access and theories of social
change. Environment and Planning a, 47(12), pp.2609-2627.
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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.
Bensadon, D., 2015. The adoption of an accounting innovation in France: The
case of consolidated financial statements at Pechiney (1956–1971). Accounting
History, 20(3), pp.288-309.
Tan, C.H., Li, Y., Ajit, D., Donker, H. and Patnaik, S., 2014. ERP system
implementation announcements: does the market cheer or jeer the adopters
and vendors?. International Journal of Accounting & Information Management.
Trigo, A., Belfo, F., and Estébanez, R.P., 2014. Accounting information systems:
The challenge of real-time reporting. Procedia Technology, 16, pp.118-127.
Ethical Consideration
Ethical consideration is an activity that to the investigator to conduct suitable
behavior in the study. This investigator will also critically evaluate the norms of
ethics to imply it in the study and make reliability in the study (Tian and Xu,
2015). The ethical consideration could facilitate to make a trustworthy research
outcome. It is illustrated that the investigator has used many sources to
eliminate the ethical issues from the study named as lack of plagiarized work,
university guidelines, actual reference, intext citation in each paragraph, and
credibility of actual authors. It could be effective in getting the reliable data int eh
context of the research matter (Trigo, et al, 2014).
It is also examined that the researcher could deeply evaluate the factors that
could decline the ethical issues from the study. It is examined that the
researcher could use ethical norms by which the investigator will be capable to
secure the confidentiality of the research participants. It could also be effective
in the attainment of the study task. It could also facilitate to make the perfect
rapport between the research candidates and researcher, which will be effective
for the attainment of the research task in an effective manner. Ethics is
imperative for any study hence each researcher has been considered this to
conduct their study and make a decision effectively (Bensadon, 2015).
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References
Bensadon, D., 2015. The adoption of an accounting innovation in France: The case
of consolidated financial statements at Pechiney (1956–1971). Accounting
History, 20(3), pp.288-309.
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.
Rolffs, P., Ockwell, D. and Byrne, R., 2015. Beyond technology and finance: pay-
as-you-go sustainable energy access and theories of social change. Environment
and Planning a, 47(12), pp.2609-2627.
Tan, C.H., Li, Y., Ajit, D., Donker, H. and Patnaik, S., 2014. ERP system
implementation announcements: does the market cheer or jeer the adopters and
vendors?. International Journal of Accounting & Information Management.
Trigo, A., Belfo, F. and Estébanez, R.P., 2014. Accounting information systems:
The challenge of the real-time reporting. Procedia Technology, 16, pp.118-127.
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