E-ISSN:2319-3050

Review Article

Innovation & Accounts

International Journal of Research Padagogy and Technology in Education and Movement Sciences

2023 Volume 12 Number 03 JUL-SEP
Publisherwww.theuniversityacademics.com

TECHNOLOGY INNOVATIONS AND ACCOUNTING PROFESSIONS

Sharma P.1
DOI: https://doi.org/10.55968/ijems.v12i03.388

1 Poonam Sharma, Research Scholar, , Rabindranath Tagore University, Bhopal, M.P, India.

This study was on technological innovation and accounting profession. Three objectives were raised which included: To find out the outcome of technological innovation on the efficiency of the accounting profession, to find out the outcome of technological innovation on the effectiveness of the accounting profession and to find out the challenges of accountant face technological innovation. The total population for the study is 75 staffs of UBA. The researcher used questionnaires as the instrument for the data collection. Descriptive Survey research design was adopted for this study. The data collected were presented in tables and analyzed using simple percentages and frequencies.

Keywords: Profession, Technological, Innovation, Raised, Efficiency, Survey

Corresponding Author How to Cite this Article To Browse
Poonam Sharma, TECHNOLOGY INNOVATIONS AND ACCOUNTING PROFESSIONS. IJEMS. 2023;12(03):15-17.
Available From
https://ijems.net/index.php/ijem/article/view/388

Manuscript Received Review Round 1 Review Round 2 Review Round 3 Accepted
2023-04-12 2023-05-17 2023-05-27 2023-06-20 2023-08-03
Conflict of Interest Funding Ethical Approval Plagiarism X-checker Note
NIL NO YES 18

© 2023by Poonam Sharmaand Published by The University Academics. This is an Open Access article licensed under a Creative Commons Attribution 4.0 International License https://creativecommons.org/licenses/by/4.0/ unported [CC BY 4.0].

International Journal of Research Padagogy and Technology in Education and Movement Sciences 2023;12(03)15
TECHNOLOGY INNOVATIONS AND ACCOUNTING PROFESSIONS

Introduction

Technology innovations:- Technological innovation is the economic function through which new technologies are introduced into production and consumption. It entails recognizing new technological possibilities, organizing the human and financial resources needed to transform them into useful products and processes, and sustaining the requisite activities. It is important because technological advances have played a key role in facilitating radically improved standards of living. Innovation is said to be endogenous; i.e., it is responsive to changes in demand and supply conditions.

Accounting profession:- Unique knowledge and skills are required to perform accounting activities; therefore, accounting is considered a profession. The accounting profession includes auditing and financial statement analysis and follows a code of conduct associated with the same.

Role of technology innovation with accounting profession

One of the most significant roles of technology on accounting practices has been the automation of routine tasks. Tasks such as data entry, bookkeeping, and reconciliation can now be automated, freeing up accountants' time to focus on more complex tasks such as financial analysis and strategic planning.

Benefits of technology innovation to accounting profession:-

It is a driving force behind business efficiency and productivity in all areas, including finance. Indeed, technology has transformed the entire accounting profession by automating the constant complex, repetitive tasks and processes while transforming the accountant's job into more strategic, innovative position.

What Is Technological Innovation in Accounting?

Accounting programs now aid to accountants in their routine work for example journalizing the transactions, posting into ledgers, paying bills, and reporting. There are accounting software in the market that are easy to use and affordable, making them very popular with small business as well.

Objective

The objectives of the study are;

  • To find out the outcome of technological innovation on the effectiveness of the accounting profession.
  • To find out the challenges of accountant face technological innovation.

Literature review

The influence of Technological Innovation on execution (both effectiveness and development) is mainly oblique and is instead revitalized by Information Technology (Dibrell et al., 2008). All through the decade of the 90´s, Information Technology  demonstrated  to  be  a  predominantly  influential  Technological  Innovation  means  as  it  facilitated  the progress of innovative goods  and assisted  progress trade  methods; however the knowledge of  innovative ingenious practices is a constant practice inside a firm and will outcome in an enhancement of procedure, goods and technique. This heave the subsequent query: How to innovate with information technology and Accounting Information System in an activity?

Advantage of technology in accounting:

Enclosed as Annexure 01

Disadvantages of technology

  • Technical issues
  • Cost
  • Specializations needs
  • Cyber limitations

Research methodology

Our research is based on primary under mentioned:

Primary data

Population and sample

This study population consists of all resident of different cities of Kingdom of  Saudi Arabia. The questionnaire was distributed to the aforesaid people and simultaneously authors also had verbal talk, whom 600 members representing the entire research population, the number of received questionnaire which valid for analysis was 473, so the response rate was more than 73% from population’s study.

Result

This study was on technological


International Journal of Research Padagogy and Technology in Education and Movement Sciences 2023;12(03)16
TECHNOLOGY INNOVATIONS AND ACCOUNTING PROFESSIONS

innovation and accounting profession. Three objectives were raised which included: To find out the outcome of technological innovation on the efficiency of the accounting profession, to find out the outcome of technological innovation on the effectiveness of the accounting profession and to find out the challenges of accountant face technological innovation. 

Annexure

Annexure 01

vol 12 issue 03 2023 p0 image 001.png

Reference

Albers, J. A. , & Brewer, S. (2003). Knowledge management and the Technological Innovation process: [Crossref]

Eco-Technological Innovation Model. Journal of Knowledge Management Practice, 4, 1-10. . Knowledge management and the Technological Innovation process: [Crossref] [Crossref]

Apergis, N. , Economides, C. , & Filippidis, I. (2008). Technological Innovation, technology transfer and labor productivity linkages: Evidence from panel of manufacturing industries [Crossref]

Mandeep Singh, 2019; “Effect of Mobile Screen Psychomotor Digital Image Motivators in Person Technique in Reducing Anxiety Level of Intervarsity Players of Cluster University Jammu, Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). Volume-9 Issue-1, October 2019, PP: 3750-3752, DOI: 10. 35940/ijeat. A9811. 109119. [Article][Crossref]

SINGH, M. , & SINGH SIDHU, A. (2016). A COMPARATIVE STUDY OF BODY COMPOSITION AND RELATIVE HEALTH STATUS AMONG RESIDENT AND NON-RESIDENT STUDENTS IN DIFFERENT SCHOOLS OF J&K. International Journal of Behavioral Social and Movement Sciences, 5(3), 08–13. Retrieved from [Article][Crossref]

Singh Nathial, D. M. (2012). ANALYZING THE CREDIT BASED SYSTEM IN PHYSICAL EDUCATION. International Journal of Behavioral Social and Movement Sciences, 1(3), 172–176. Retrieved from [Article][Crossref]

SHARMA, N. P. , & SINGH, M. (2014). SENIOR AGE GROUP RELATIVE EXERCISES AND IMPACT ON THEIR LIFESTYLE. International Journal of Behavioral Social and Movement Sciences, 3(04), 78–82. Retrieved from [Article][Crossref]

CHAND PURI, P. , MISHRA, P. , JHAJHARIA, B. , & SINGH, M. (2014). COORDINATIVE ABILITIES OF VOLLEYBALL IN DIFFERENT AGE GROUPS: A COMPARATIVE STUDY. International Journal of Behavioral Social and Movement Sciences, 3(3), 56–68. Retrieved from [Article][Crossref]

Review of World Economics, 144(3), 491-508. . . , & SINGH, M. (2014). COORDINATIVE ABILITIES OF VOLLEYBALL IN DIFFERENT AGE GROUPS: A COMPARATIVE STUDY. International Journal of Behavioral Social and Movement Sciences, 3(3), 56–68. Retrieved from [Article][Crossref] [Crossref]

Chen, Y. C. , & Wu, J. H. (2011). IT management capability and its impact on the performance of a CIO [Crossref]


International Journal of Research Padagogy and Technology in Education and Movement Sciences 2023;12(03)17