BUS707: IT Impact on Accounting and Finance - Research Proposal

This research proposal, developed for the BUS707 Applied Business Research course, investigates the profound impact of information technology on modern accounting systems and finance, specifically within the Australian context. The research aims to address the challenges accountants face in integrating advanced bookkeeping and financial planning tools in a global business environment. The study employs a descriptive research design with a mixed-methods approach, incorporating both qualitative and quantitative data collection techniques through interviews and surveys distributed to 150 accounting professionals across various Australian business organizations. Data analysis will be conducted using statistical tools and MS-Excel, with results presented through charts and diagrams. Ethical considerations, including data confidentiality and participant anonymity, are strictly adhered to throughout the research process. The proposal outlines the research problem, objectives, methodology, data analysis plan, and ethical considerations, providing a comprehensive framework for the investigation. The study is expected to contribute to the understanding of how IT influences accounting practices and financial performance in Australia.

S C H O L A R I D :
The impact and innovation of information technology on modern accounting
system and finance, a case study on Australian context

Research problem
The key problem is face by accountant is to
maintain the consolidation as well as,
incorporation of advance bookkeeping and
monetary plans within companies over the
global business system.
It could be highly significant for addressing
the ramification related to such fuses and
incorporation in elements of bookkeeping
rehearses.

Research objectives
This investigation addressed the effect of
information technology in modern accounting
practices as well as, finance.
This investigation is attempted to research
the way through which, obstacle initiate
would be eliminated.

Research design and methodology
Descriptive research type is used by researcher.
Mix research approach will be applied.
Primary data would be gathered through interview and survey
through questionnaire.
Secondary data would be gathered through different sources
such as articles, academic publications, journals, government
report, and textbooks (Soudani, 2012).
Both interview and survey through questionnaire technique will
be executed by researcher to pool the perception as well as,
belief of research candidates
Both open ended and closes ended interview methods will be
considered.
The researcher has conducted this study on 150 bookkeeping
experts related with various business associations in Australia.

Data Analysis
A researcher will use statistical data
analysing tool to assess the pooled
information.
A researcher will utilise MS-excel software in
this investigation.
Data would be presented through pie-charts,
column diagram and bar charts.

Ethical consideration
Researcher will take into consideration of
their own words.
Researcher will facilitate the bibliography
section at the end of research.
Researcher will keep confidentiality of data
record related to participants.
Researcher will not share the personal data
about respondents to others

References
Gunningham, N. and Sinclair, D., 2017. Leaders and laggards: next-
generation environmental regulation. Routledge.
Pan, G. and Seow, P.S., 2016. Preparing accounting graduates for the digital
revolution: A critical review of information technology competencies and
skills development. Journal of Education for Business, 91(3), pp.166-175.
Sajady, H., Dastgir, M. and Nejad, H.H., 2012. Evaluation of the
effectiveness of accounting information systems. International Journal of
Information Science and Management (IJISM), 6(2), pp.49-59.
Soudani, S.N., 2012. The usefulness of an accounting information system for
effective organizational performance. International Journal of Economics
and Finance, 4(5), pp.136-145.
Taipaleenmäki, J. and Ikäheimo, S., 2013. On the convergence of
management accounting and financial accounting–the role of information
technology in accounting change. International Journal of Accounting
Information Systems, 14(4), pp.321-348.
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