Accounting and innovation

Accounting and Finance

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Accounting and Finance

Accounting and finance are vital in any business and without the economists and financiers will be bankrupt. Accounting and finance are in high demand simply because of the changes occurring in social and economic areas. Today, accounting and finance are major areas providing opportunity by providing research areas and educational positions. This research aims to find out the best methods and practices to use in order to reach high standards so that every individual can fit in today’s competitive market (Barth, 2009 ).

Research questions

Research methodologies

• Are there any ways to analyze and value seasonal businesses?
• How can the internet be used in accounting and finance?
• What are the best accounting and finance practices to use?
• How possible can the accounting and finance managers use information in hand to make better future decisions?

In order to achieve the above stated research questions, I used qualitative methodology whereby this method focused on analyzing and describing the outcomes from the field of accounting and finance of the past years. The findings from qualitative methodology indicated that there is need for further research in order to provide an insight on these themes. In addition, there was also use of case study in this research whereby it focused on specific organization. Various finance and accounting documents were accessed and analysis was also done. From this research methodology, the findings shows that use of technology has limited errors occurring in finance and accounting processes. Questions and answer method was also applicable in the research. The questions were distributed to a group of people and collected for data analysis (Barth, 2009).

There were challenges from the study which were encountered by the researcher which include, some of the participants were unable to read and write therefore difficult in some areas to use questionnaires. There were issues of misplacement of documents therefore some were not accessed and also technological problems were encountered which lead to time being wasted.

Research processes

There is always a systematic process through which a research should follow. The topic of the study should take the first step of the research processes. The research topic should entail the problem which incited for the study to be carried out. The research topic of this study entails the accounting and finance processes. Accounting and finance have become major themes providing more opportunity to many individuals whereby the study focuses on making these themes the best in the future. From the past information provided on accounting and finance it provides gaps which this research finds to get solution on them. The information does not provide an insight for future development and importance ((Hubbard & Vetter, 2006).

From the literature review conducted by different people, it does not provide the benefits in these themes whereby this study makes them clear to the audience. It has also failed to show the relationship of other ways of analyzing business value and use of internet. Accounting and finance explores the relationship of the advanced technology whereby it has led to faster calculation and reduction of errors. The information stored in the computers can be used by future generation without being wasted. Use of internet has made computation easier and made networking available. Many people can access and share the information without inferring with it (Brown et al, 2011).

Use of the new technology for storing accounting and finance document has made comparison easier. The past and current data collected and stored can be compared without going back to the field. To carry out effective research I designed my working team consisting five members with skills on accounting and finance. They helped in designing the questions to be used in the study for data collection. There was also a plan which indicated time allocation and specific organizations to be visited. The plan helped in management of time and also instruments to be used (Hubbard & Vetter, 2006).

Data collection

The research used various types of methods to get data which included use of questionnaires. The questionnaires were distributed to a selected group of people whereby the findings shows that many people are still in use of manual accounting. They lack the access to advanced technology. Others depicted quality skills in accounting and finance and they need to be allocated jobs to have experience. From Puma organization which was accessed through our case study, the findings brought into our attention that most organization is not keen on their accounting practices. They do not even use the information from the accounting to make their organization the best place. About 10% of the work had errors which can be reduced by the use of advanced technology.

In addition, the results clearly showed how different people have different perceptions on accounting and finance. From a certain society, it was seen to be associated with the boy child. They perceive these themes as hard in that a girl child cannot handle. This is not the truth and the themes can be accessed by every individual. The past statistics depicted huge gap from the current. The past had a lot of errors because they were manually done whereas today accounting is done by use of computers (Hubbard & Vetter, 2006).

The research is very important as it has given proofs on the importance of internet and computers in accounting and finance. It has also created insight for further research to take place to show the importance of accounting and open opportunities for many individuals. There was calculation of index from seasonal businesses which was done monthly. The data showed a rise of 15% every month which was due to the increased number of learners in need of accounting and finance skills for schools and also job opportunities. The data from the research can be used to provide other methods to use in order to train many people on these skills (Hubbard & Vetter, 2006).

In conclusion, accounting and finance are very important in day to day life. They are used all over the world including educational centers and business centers. The research has provided an insight in which accounting and finance ill target. Young people should be educated on them in order to generate productive people equipped with skills to provide adequate labour.

References

Hubbard, R., & Vetter, D. E. (2006). An empirical comparison of published replication research in accounting, economics, finance, management, and marketing. Journal of Business Research, 35(2), 153-164.

CThe Impact of Non‐Serial Publications on Research in Accounting and Finance. Abacus, 27(1), 32-50.

Brown, P., Beekes, W., & Verhoeven, P. (2011). Corporate governance, accounting and finance: A review. Accounting & finance, 51(1), 96-172.

Barth, M. E. (2009 ). Valuation‐based accounting research: Implications for financial reporting and opportunities for future research. Accounting & Finance, 40(1), 7-32.