Technological Innovation and Accounting Profession
The Abstract
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.
Chapter one – The Objectives of the Study
The objectives of the study are;
- 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
- To find out the challenges of accountant face technological innovation
Chapter 2 – Literature Review (Theoretical Framework)
It is difficult to use accounting system effectively, if organizations could not identify the instrumentation which allows estimate an aspect of conformity between all its performance measurement system including accounting system and business environment of organization. Gradually performance measurement system could become a software and instruction for its usage only and organizations constrained to search for a new opportunities and resource for a fast reaction, decision making and adequate performance. According to this aspect the conformity between accounting system and environment of organization was selected for further research, striving to summarize research results of other this field scholars and develop theoretical assumption for further IT usage then unconformity between accounting system and environment of organization is identified. As contingency theory postulates (Gul and Chia, 1994; Chong and Chong, 1997; Garengo and Bititci, 2007; Wickramasinghe and Alawattage, 2007) that different organizations perform in different ways in the same environmental circumstances and provides a methodology for recognition of an external environment of organization and its influence on accounting system.
Chapter 3 – The Methodology (Population of Study)
The population of study is the census of all items or a subject that possess the characteristics or that have the knowledge of the phenomenon that is being studied (Asiaka, 1991). It also means the aggregate people from which the sample is to be drawn.
Population is sometimes referred to as the universe. The population of this research study will be Seventy-five (75) selected staffs of UBA, Lagos state
Chapter 4 – Data Analysis (Discussion of Findings)
Table indicate that 11 (22%) represents respondents who strongly agreed that there is no outcome of technological innovation on the efficiency of the accounting profession, 35 (70%) represents respondents who agreed that there is no outcome of technological innovation on the efficiency of the accounting profession, 1 (2%) represents respondents who strongly disagreed that there is no outcome of technological innovation on the efficiency of the accounting profession, 3 (6%) represents respondents who disagreed that there is no outcome of technological innovation on the efficiency of the accounting profession.
Chapter 5 – Summary
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.
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