Research Plan: IT Implementation in Accounting Processes - BUS707

This research plan investigates the impact of Information Technology (IT) on accounting systems. It begins by outlining the research questions, which focus on the need for technology in managing accounting systems and the implementation of effective practices for technological reform. The objectives include simplifying accounting processes, minimizing costs, and displaying accounting activities to the government transparently. The research design employs a descriptive approach with a mixed methodology, incorporating both qualitative and quantitative data. Data collection methods include interviews, observations, and experimentation, while data analysis will utilize quantitative techniques and SPSS software for a sample of 300 employees. Ethical considerations emphasize maintaining confidentiality and adhering to business ethics. The plan also addresses the challenges of integrating IT, particularly the need for accountants to develop IT skills, which is crucial for online data entry, comparing financial data, and ensuring the confidentiality of financial activities.

IMPLICATION OF INFORMATION
TECHNOLOGY IN ACCOUNTING

Research Questions and
Research Objectives
• Why there is a need of technology in managing accounting system?
• How an effective practice can be implemented for technological reform in the accounting system?
The objective of this research proposal are-
• To simplify the accounting system and to use the application effectively.
• To minimise the cost of the company through effective implementation of information technology in accounting.
• The main objective is to display the accounting activities to the government to approval without any black money involved
in the business. This can result in tax reduction, increased purchasing power and easy evaluation of flow of money in the
market.

Research Design
• Research Type –descriptive research type.
• Research Approach- mixed approach (includes both qualitative and
quantitative approaches)
• Data Type - Primary data
• Data collection methods- interview, observing the qualitative research and
experimenting for qualitative research.
• Data analysis methods- the quantitative data analysis method Sampling
Plan- A sample size of 300 employees in an industry for survey purpose
(SPSS software)
• Sampling technique- probability sampling technique (random sampling).

Ethical Consideration
• The ethical moral is the rules of behaviour in corporate life which
governs what is good and what is bad. The accounting activities have
high confidential concerns. The individuals involved in accounting,
needs to maintain this confidentiality and practice business ethics in
this field. It is important to maintain the ethical values as the
accountant.

Thank You