A Comprehensive Review of Innovation in Accounting Research Articles

This literature review examines the topic of 'Innovation in Accounting' by analyzing four articles from different authors. It highlights the technological innovations and their role in the development of accounting, emphasizing the relationship between technology and accountants. Common themes across the articles include the importance of innovation in increasing business productivity, the role of management accounting innovation, and the impact of technology on the accounting system. The review discusses different themes, managerial implications, study limitations, and future research directions proposed in the articles, noting that while all articles focus on innovation in accounting, they approach the topic from different perspectives and methodologies. The articles collectively suggest that innovation is crucial for enhancing business efficiency and employee productivity, and they recommend further research to improve the structure of innovation in accounting.

Running head: Article Review 1
Applied Business Research
Article Review on Innovation in Accounting

Article Review 2
This structured abstract will review the topic of ‘Innovation in Accounting” through reviewing
the four articles of Haiza Muhammad Zawawi and Hoque, Ionica, and Alina, Dagiliene, and
Dagiliene and Khan, Al Aboud, and Faisal.
A brief summary of the theory and progression in the field
Khan, Al Aboud, and Faisal proposed research in 2018 in which they highlight the technological
innovations and their role in the development of the accounting and make easier the work of
accountant in an efficient manner. These authors have developed another vital relationship
between available software in technology and accountants. The research has focused on showing
the importance of innovation in accounting and their impact on the business in the form of pace,
swiftness, and accuracy.
It has been recognized by Khan, Al Aboud, and Faisal that there are a number of variables within
the innovation in accounting in which authors embedded importance of innovation in the
accounting system, advantages and disadvantages of innovation in accounting. The role of the
technology in an accounting firm is huge as it helps in increasing the productivity of the business
as well as employees to attain the objectives of the company in the global market. The author has
categorized the importance of innovation in the form of development of technology in
accounting.
In the time since Khan, Al Aboud, and Faisal’s research the matter of innovation in accounting
and their advantages on accounting firms in the context of growing economy of the specific
country. The primary research has been chosen by the researcher in order to bring attention
towards the topic so that the further research can be done in a more efficient manner. Along with

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that, there are more three articles that focused on the same topic in different ways. All articles
have different perspectives regarding the innovation in accounting.
It is apparent that the factors which have been highlighted by Khan, Al Aboud, and Faisal are
important and it is necessary for the company to focus the accounting system with the latest
technology so that the company can think forward in order to attain the objectives of the
company in an efficient manner. Across all theories, it is cleared that the main focus of all
authors on the development of the accounting firm by focusing on the innovation.
Common themes/findings across the four articles
As elaborated under the research of Khan, Al Aboud, and Faisal’ that highlighted the importance
of the innovation in the accounting system for the purpose of increasing the productivity of the
business in an efficient manner. Similar, the work of Muhammad Zawawi and Hoque, Ionica,
and Alina, Parker elaborate that innovation has a significant role in the accounting.
It has been mentioned by Muhammad Zawawi in his article that the management accounting
innovation system is referred to as the key growth where the decisions of the company rely on
the gain or loss. It has been identified by the author in this article that innovations of
management accounting and the system of control indicate a number of issues regarding the
implementation, internalization and initiation of contemporary management accounting and
control system like TQM and JIT. It encompasses various studies such as investigate
management innovations in studies on specific management practices of accounting. The work
of Ionica and Alina, is different from other articles as they have focused on the strategies that can
implement innovation with group thinking for which the researcher has taken six articles for

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critically review the topic. The alternative approach has been considered under this article to
emphasise the innovation in the accounting system in order to increase the efficiency of the
business. This research has taken the both qualitative and quantitative method to describe the
importance of innovation in accounting system in which the researcher has made the self-
administered structured The research of Dagiliene and Dagiliene suggests that the role of the
innovation has the feature of the intangible assets of the company that can improve the value of
the business for the long term. Along with that, an author has elaborated that it is not possible to
make an effective strategy in order to recognize the values of the organization.
Discussion of different themes
It is hard to recognize the different strategies or theories across articles by taking one subject
which was focused on different authors in order to elaborate the importance of the innovation in
accounting.
To start with the task of Khan, Al Aboud, and Faisal, primary research is focused under this
research in which the entire description regarding population and sample has been given so that
the better understanding about the primary data can be made. Generally, researchers focus on
various aspects while making primary research such as gender focus and many more but the
main aim of this research to gather the information regarding the topic. Various examples have
been given in this article due to amendments in the technology and same should be applied in the
accounting firm, that kind of suggestion has been given by the author to bring innovation in the
accounting firm.
Haiza Muhammad Zawawi and Hoque tend to focus on innovation in accounting by taking
consideration of the qualitative research. Researchers are eagerly included in this research to

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execute the idea with their role of the change agent in order to innovate something different. it
has been investigated by the researcher that the role of the development process in the
organization is huge. Various samples and case studies have been taken into consideration under
this research in order to bring better understanding of the topic.
The research conducted by Ionica, and Alina highlights the innovation in the accounting system
of the millennials generation. It has been found through this article that people are continuously
connected with the technology and born into the latest technology that emerging world.
Millennials have a preference to interact in the quicker manner by using social network or e-mail
as opposed to a traditional medium of communication. It is different from other journal articles
as the author has
There was a huge focus on organization and strategy within the research of Dagiliene and
Dagiliene, as it has been described under this research that innovation has several factors by
which the valuation of the innovation in management, financial and accounting has been
demonstrated.
Identify and discuss the managerial implication of the four articles
It has been found that the managerial implications are different for all four articles. Dagiliene &
Dagiliene, proposed that new innovative process of accounting to assess innovation so that the
development in the company could be made. Khan, Al Aboud, and Faisal, demonstrated the
concepts of the innovation in accounting and their pros and cons so that the management of the
Company can take step in an effective manner.
The managerial implication in the article of Haiza Muhammad Zawawi & Hoque, 2010 is that
the role of the top management is needed for the execution of the accounting system in the

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business. In the context of the managerial implication, it has been found that the Ionica, and
Alina elaborated the success of the business which can be helpful for the business to earn more
revenues by getting knowledge of different strategies.
Study limitations and how these differ across the various study designs
The limitation can prevent the utility of the article in a more efficient manner and it is required
for the authors to know about the limitations so that it could be focused by them in further
researches. The researcher has developed the artificial intelligence job snatcher in which they are
showing the technological innovation with such a velocity that would be helpful in gulping the
job of masses. The research can focus on other primary tools to conduct this research. It is noted
that the real-life settings in which the research conducted were limited. This, united with the
considerable number of changeable within the Contingency Model itself which refers the article
was limited in a specific zone of the research.
It has been evaluated in the context of the limitations that both, Ionica, and Alina, and Khan, Al
Aboud, and Faisal’s researches were having a small sample size which should be considered on a
large basis. The research of them is descriptive in nature but involve analytical study where the
inferential design was proposed.
It can be implied within the business as it helped in earning huge values form relatively smaller
employees. The managerial implication of the third article is different from others as it is
suggested that the role of the top management is required for the implementation of the
accounting system in the organization (Haiza Muhammad Zawawi & Hoque, 2010).
As the research developed by Dagiliene and Dagiliene, it has been noted by the author that
collected data can be benefitted with the help of the quantitative research. However, an author

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has described the value of the innovation in the form of intangible assets but it could be more
focused by the author by taking consideration of the accounting firm with respect to innovation.
Future research directions proposed in the articles
It has been analyzed by reviewing each article that the concept of each article is same as all are
focused towards innovation in accounting. It has been found that all of them are indicated the
importance of the innovation in the accounting system as it is able to amplify the productivity of
the business as well as employees.
It has been noted by Khan, Al Aboud that innovation is must in increasing the sales of the
company as a number of examples have been given by the author to describe the importance of
the innovation in the success of the organization. Previously, it has been noted that the research
is referred to the advantages and disadvantages of the innovation in the technology in the
accounting system. The qualitative and quantitative study has been focused by Haiza
Muhammad Zawawi and Hoque, Ionica, and Alina in which they have taken a sample to analyze
the data in the context of the innovation in accounting. It has been recommended by them to use
the opposite method of research in further studies so that the evaluation of the topic can be done
in a more efficient manner.
Of further note, all studies recommended that the findings of the research should be utilized to
improve the structure of the innovation in accounting in order to develop more efficiency in
employees as well as businesses.

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References
Dagiliene, R., & Dagiliene, L. 2014. Accounting-based valuation of innovation: challenges and
perspectives. Procedia-Social and Behavioral Sciences, 156, 589-593.
Haiza Muhammad Zawawi, N., & Hoque, Z. 2010. Research in management accounting
innovations: An overview of its recent development. Qualitative Research in Accounting &
Management, 7(4), 505-568.
Ionica, O., & Alina, S. 2017. The Impact of Management Accounting Innovations on Millennials
Business. Ovidius University Annals, Economic Sciences Series, 17(1), 568-572.
Khan, A.K., Al Aboud, O.A. and Faisal, S.M., 2018. An Empirical Study of Technological
Innovations in the Field of Accounting-Boon or Bane. Business and Management Studies, 4(1),
pp.51-58

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