Effects of Advance Technology on Various Accounting Departments

Gedu College of Business Studies

Gedu, Chhukha

Group Assignment Submitted by:

Khandu Wangmo (03210131 )
Kinga Om (03210134)
Kinley Tshering (03210145)
Lhuendrup Wangmo (03210180)
Rigzin Choden (03210257)

Bcom, 5th Semester, Accounting, Section B

25/08/2023
 DECLARATION

Module Code: RES301 Type of Course Group Task

Work:
Module Title: Research Methods in Business Module Tutor: Mr. Sonam Loday
Date of Submission: 13 August 2023

Khandu Wangmo (03210131 ) Kinley Tshering (03210145)

Kinga Om (03210134) Lhuendrup Wangmo (03210180)
Rigzin Choden (03210257)

We hereby declare that this academic work is our own and those referred ideas from other
sources have been appropriately acknowledged. The material in this submission has not
been previously submitted for assessments. We Understand that if found otherwise, our
academic work will be cancelled and no marks will be awarded beside legal consequences.
FOR MODULE TUTOR

Sl. Marking Criteria Marks Marks

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Topic: Effects of advanced technology on various Accounting Department

Objectives

 The main objectives of our research study is to investigate the effects of advanced
technology on accounting department.

Sub objectives

 To investigate/identify the impact of advanced technology on different accounting

departments, exploring how technologies such as automation, artificial intelligence and
cloud computing have transformed processes efficiency and decision making in areas
such as financial reporting, budgeting and internal control.

Research questions.
1. How has the implementation of advance technology, such as automation and artificial
intelligence, impacted the efficiency and accuracy of financial reporting in accounting
departments?

2. What are the specific areas within accounting departments where advanced technology
has the most significant impact, and how has it transformed processes and decision-
making?

3. How has the adoption of cloud computing technology affected the storage, accessibility,
and security of financial data in accounting departments?

4. What challenges and opportunities have emerged as a result of integrating advanced

technology into different accounting departments, and how have professionals adapted
to these changes?

5. What are the potential risks and benefits associated with the increased reliance on
advanced technology in accounting departments, and how can organizations effectively
manage and mitigate these risks?
Scope of Research study

 Examining the impact of automation and artificial intelligence on financial reporting,

budgeting, and internal controls.

 Investigating the role of cloud computing in transforming data storage, accessibility, and
security in accounting departments.

 Analyzing the challenges and opportunities that arise from integrating advanced
technology into different accounting functions.

 Exploring the effects of technology on decision-making processes and the overall

efficiency of accounting departments.

 Assessing the risks and benefits associated with the increased reliance on advanced
technology in accounting departments.

Significance of Research study

 The research on the effect of advanced technology on various accounting departments

is significant because it helps us understand the transformative impact of technology in
the field of accounting.

 This research can provide valuable insights into the benefits, challenges, and
opportunities associated with the adoption of advanced technology in accounting
departments.

 It can also guide organizations in making informed decisions regarding the

implementation of technology to enhance efficiency, accuracy, and decision-making
processes in accounting. Ultimately, this research contributes to the advancement and
evolution of the accounting profession in the digital age.