Structured Literature Review: IT Implementation in Accounting

This report presents a structured literature review on the implementation of Information Technology (IT) in accounting, drawing insights from four key articles. It begins with an introduction to the topic and the methodology of structured literature reviews. The main body summarizes the theory and progression in the field, highlighting common and different themes across the articles, including the evolution of accounting information systems, the impact of IT on business processes, and the challenges and benefits of new technology adoption. The report explores managerial implications, study limitations, and potential future research directions, considering the banking sector and business process management. The articles discuss the transition from traditional to modern accounting methods, the importance of competitiveness, and the significance of internal controls and data security. Different themes include the use of Business Process Management Suite (BPMS), case studies in the banking sector, challenges in implementing new technologies, and an introductory overview of Accounting Information Systems (AIS). The report concludes by summarizing the key findings and emphasizing the role of accounting information systems in organizational growth and development, as well as the importance of selecting appropriate systems based on organizational needs.

Structured Literature
Review

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Brief Summary of Theory and Progression in the Field.............................................................1
Common Themes/Findings across the Four Articles..................................................................2
Different Themes/Findings Across the Four Articles.................................................................3
Managerial Implication of the Four Articles...............................................................................4
Study Limitations and Future Research Direction Proposed in the Four Articles......................4
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................6

INTRODUCTION
Topic: Implementation of Information Technology in Accounting
Structured Literature Review is the term which focuses on addressing and identifying,
critically evaluating and integrating the findings of different related articles so that a single
research question could be addressed (Massaro, Dumay and Guthrie, 2016). The following
assignment will make use of four articles and on their basis the summary of the theory and
progression in the field along with the common themes and findings of the four articles.
Additionally, the focus of this assignment will be made on the different themes and findings of
these four articles, managerial implications and the study limitations and future research
direction proposed in the four articles.
MAIN BODY
Article 1:
Accounting Information Systems: Evolving towards a Business Process Oriented Accounting
Authors: António Trigoab, Fernando Belfoab and Raquel Pérez Estébanezc
Article 2:
The Effect of Information Technology on Accounting System's Conformity with Business
Environment: A Case Study In Banking Sector Company
Authors: Lina Klovienė and Edita Gimzauskiene
Article 3:
Implementing New Technology
Authors: Dorothy Leonard-Barton and William A. Kraus
Article 4:
Introduction to Accounting Information Systems – AIS
Authors: AMY FONTINELLE
Brief Summary of Theory and Progression in the Field
Summary of Article 1st:
In this article, the discussion is made about the old and new methods of recording the
accounting information in companies. There were differences in the ways of recording
accounting information in the earlier and current times. So due to the issues faced by companies
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in keeping their records safe and secure, the use of technology has been done in the working of
the organisation (Dumay and et. al., 2016).
Summary of the Article 2nd:
This articles shows the role of Information Technology in between the accounting
systems and the business environment. It makes use of case study with the help of which the
implementation of Information Technology will be done in the working of the organisations. So
with the help of this article, the focus on the use of information technology in the accounting
information systems of the company is made not only in the internal environment but also in the
external environment as well.
Summary of the Article 3rd:
The following article has made its focus on the basis of their needs and the changing
business environment which had made them to make changes in their ways of working. These
changes are related to the implementation of new technology in their accounting systems with
the help of which it could become possible for it to increase their competency level in market
and increase the efficiency and effectiveness of their working.
Summary of Article 4th:
With the help of this article, it will be possible to make the readers aware about the
concept of accounting information system, its importance and benefits along with drawbacks. So
the readers will be clear with the concept of accounting information system and the types of
business in which the best use could be done and effective results could be acquired.
Common Themes/Findings across the Four Articles
The discussion about the traditional and modern ways of recording the accounting
information of different companies are being discussed in these articles. Competitiveness is
another important measure which is taken into consideration in the following for articles as their
main focus is on the improvement to be made in the ways of working of organisations. The
discussion related to the disadvantages of this information system has also been provided in the
following article. In other words, it can also be said that there are possible risks in the
implementation of this technology in the working of organisations but looking apart from this,
there are many more positive impacts which could be taken from the implementation of this
system by the organisations which would also lesser the burden of storing files which needs
physical places (Fink, 2019).
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Additionally, information about the internal controls is also common in between the four
articles. As with the help of this accounting system it will be possible to make the internal
processes of the company to be strong and effective. As compared to the earlier ways of
recording transactions, the following way is simple and easy which makes it easier for them to
store the files (Buenechea-Elberdin, 2017). Additionally the discussion about the benefit of the
increased security measures for the organisations is also been found as common among the four
articles. As it has been made possible to make the data safe and secure for the companies as
compared to earlier in which there were chances of getting access of other people to the data of
an organisation. But with the upcoming of this technology, it has been possible to increase the
safety and security of the data.
Different Themes/Findings Across the Four Articles
In the first article, it is having a different concept that that of others which is BPMS
(Business Process Management Suite), it can be described as the tool which is used in order to
design, implement and improve a specific activity or set of activities of the company in order to
achieve a specific goal or objective of the company. The base of the second articles is related to
the case study which explains about the issues which have been found at the time of making use
of traditional ways of recording the accounting information. So in order to make improvement
and to deal with the issues faced, the use of accounting information system has been done for
improving the efficiency of organisations (Tureczek and Nielsen, 2017). The case is related to
the dynamic business environment in which the organisation in the Banking Sector are dealing
both in today's world as well as in the earlier times. As due to changes in the business
environment, it also becomes important for the organisations to make changes in their own ways
of working. So the use of this case study in this articles makes it different from that of others.
In the third article, the difference is related to the discussion which have been made
different from that of other articles. Here, information about the challenges that could be faced
by the organisations at the time of implementing new technologies in the working of organisation
is presented. In addition to this, there are also some ways provided along with the challenges
which will help the businesses in overcoming the challenges faced by them. So there is different
in this article in context of content and format as well from that of others (Stentoft, and et. al.,
2016).
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Lastly, the forth articles makes its discussion on the Accounting Information System
itself. This article is different from others because the articles does not include any case study,
does not have any relation with the organisation, and is also not related to the dynamic
environment of the business world in which the organisations are dealing. This article is an
introductory article which provides an introduction to the readers about the topic accounting
information system, along with its benefits, limitations, importance and uses to the readers.
Managerial Implication of the Four Articles
It is difficult to conclude about the betterment of any single article or the information
provided in it. There are different types of accounting information system and also their uses are
different according to the nature and working of the organisations (Akbari, 2018). So on the
basis of information such as benefits and drawbacks provided in the articles, it will be possible to
have information about them and decide about the best accounting information system to be used
and applied in an organisation.
Study Limitations and Future Research Direction Proposed in the Four Articles
The articles are related to the use of different accounting information and their uses in the
organisation. Their uses are limited because they cannot be applied in all directions and in all
businesses. As their uses are limited and can only be applied in some specific situations or
industries so so this reduces the accuracy and efficiency on the work because in case of some
changes in the ways and processes of the working of organisations, it becomes important to make
changes in the processes and accounting systems of the company. Along with this, there are also
some technical issues which are being faced by the companies at the time of implementation and
use of different technology resulting in increasing cost and other aspects as well. So these articles
lacks in providing information to different directions to the readers but are stuck to only some
extent (Warren, Smith and Ashwell, 2017).
CONCLUSION
From the above assignment, it has been concluded that accounting information system
plays an important role in the growth and development of the organisations and has also
simplified the ways of working of companies. In addition to this, it has also been concluded that
the perspectives of different authors are different from one another and also the suitability of
different accounting information system are also different from that of others. Lastly, the
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conclusion has also been drawn about the benefits and limitations of different accounting
information systems which helps in deciding to an organisation about the use according to the
suitability of the organisation.
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REFERENCES
Books and Journals
Akbari, M., 2018. Logistics outsourcing: a structured literature review. Benchmarking: An
International Journal. 25(5). pp.1548-1580.
Buenechea-Elberdin, M., 2017. Structured literature review about intellectual capital and
innovation. Journal of Intellectual capital. 18(2). pp.262-285.
Dumay, J. and et. al., 2016, September. Integrated reporting: A structured literature review.
In Accounting Forum (Vol. 40, No. 3, pp. 166-185). Taylor & Francis.
Fink, A., 2019. Conducting research literature reviews: From the internet to paper. Sage
publications.
Massaro, M., Dumay, J. and Guthrie, J., 2016. On the shoulders of giants: undertaking a
structured literature review in accounting. Accounting, Auditing & Accountability
Journal. 29(5). pp.767-801.
Stentoft, J. and et. al., 2016. Manufacturing backshoring: a systematic literature
review. Operations Management Research. 9(3-4). pp.53-61.
Tureczek, A. and Nielsen, P., 2017. Structured literature review of electricity consumption
classification using smart meter data. Energies. 10(5). p.584.
Warren, J. M., Smith, N. and Ashwell, M., 2017. A structured literature review on the role of
mindfulness, mindful eating and intuitive eating in changing eating behaviours:
effectiveness and associated potential mechanisms. Nutrition research reviews. 30(2).
pp.272-283.
Online
FONTINELLE, A., 2019. Introduction to Accounting Information Systems – AIS. [Online].
Available Through:
<https://www.investopedia.com/articles/professionaleducation/11/accounting-
information-systems.asp>
Klovienė, L., and Gimzauskiene, E., 2015. The Effect of Information Technology on Accounting
System's Conformity with Business Environment: A Case Study In Banking Sector
Company. [Online]. Available Through:
<https://www.sciencedirect.com/science/article/pii/S2212567115014768>
Leonard-Barton, D., and Kraus, W., A., 2019. Implementing New Technology. [Online].
Available Through: <https://hbr.org/1985/11/implementing-new-technology>
Trigoab, A., Belfoab, F., and Estébanezc, R., P., 2016. Accounting Information Systems:
Evolving towards a Business Process Oriented Accounting. [Online]. Available
Through: <https://www.sciencedirect.com/science/article/pii/S1877050916324334>
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