Quality Performance and Innovative Performance †MyAssignmenthelp

Question: Discuss about the Quality Performance and Innovative Performance. Answer: Introduction: With the dynamic progress of technology as well as customers demand, the business organizations are getting advanced in terms of developing their strategies and policies. Financial transaction is one of the most important business practices that every single organization has to follow properly in order to keep a constant record on the overall profitability of the organization. The primary responsibility of an accounting professional is to keep a constant data record on the overall internal as well as external performance of business organization. In order to operate accounting software an individual should have enough competencies in technological enhancement. It is undeniable that the emergence of accounting software has made the entire operation process faster. People belonging to different geographical boundaries are associated within the business organization. Therefore, they may not be very much accustomed with the advanced technology. However, the primary responsibility of accounting professionals is to be accustomed with technological advancement in order to maintaining financial data properly. In order to provide effective professional services organizations belonging to financial sectors aim to hire auditors. Headquartered in London this specific organization has focused to navigate regulatory complexity in order to strengthen trust on financial transaction. In order to maintain the entire operation process faster the professionals like to use accounting software for maintaining both internal as well as external data chronologically. It has been observed that business organizations had to face innumerable barriers in maintaining organizational chronological database manually. The entire mathematical calculation in hand was getting a major challenge for the accounting professionals. In this kind of situation, the business organizations like PWC implemented accounting software for making a systematic database on the overall performance of the organization be it internal or external (Soudani, 2012). As a result, customers are getting services on the stipulated time. The business experts can get an in-depth overview on the overall performance level of the organization. At the same time, the employees performances are justified after the implementation of accounting software. It has been observed that employees failed to get their justified remuneration due to the miscalculation of finance executives. After the emergence of automation, employees did not have to put additional effort in making the calculation correct. Accounting professionals have to maintain the entire record chronologically. Therefore, business managers can make a transparent relationship with the employees (Wallace Sheetz, 2014). Automatically, organizational employees would like to provide effective services towards the success of business. The accounting professionals of PWC are very much competent in maintaining the overall performance record of the organization. Rationale of the research: The impact of adopting accounting software in enhancing organizational performance is the primary issues of this specific research work. At the initial stage, the concept of accounting software was not very much emerging as most of the business organizations intended to collect their data manually (Fullerton, Kennedy Widener, 2014). With the gradual progress of technological advancement, most of the business organizations faced innumerable difficulties in maintaining the overall database due to business expansion. In this kind of situation, the implementation of accounting software within business process rendered a major change on the overall business services. Employees are able to meet the needs and demands of the customers within limited period. As a result, organizations are successfully able to gain image and reputation (Patel, Messersmith Lepak, 2013). After the emergence of accounting software, large number of researchers as well as practitioners has raised their voice in d ealing with the topic in order to evaluate the necessary Impact of adopting accounting software on enhancing organizational performance. Therefore, this specific topic has become a major issue. Especially the organization like PWC is getting more benefits and facilities in handling the customers demand due to the implementation of accounting software within the business process. The primary objectives of this specific study are as follows: To critically evaluate the impact of accounting software in enhancing the organizational efficiency To critically understand the major factors that affects in implementing accounting software within the business process To provide some of the major recommendations of overcoming the barriers of implementing accounting software Research question: The primary questions of this specific research are as follows: What is the impact of accounting software in enhancing the organizational efficiency? What are the major factors that affects in implementing accounting software within the business process? What should be the recommendations of overcoming the barriers of implementing accounting software? Research hypothesis: H0: Accounting Software has not major impact in Enhancing Organizational Performance H1: Accounting Software has major impact in Enhancing Organizational Performance Rummler and Brache (2012) emphasized on the fact that accounting software is possessed with some of its negative impact as well. This particular scholar has opined that due to any kind of sudden technological barrier the entire performance level of the organization has to face a disastrous consequence. In this kind of situation, people have to face innumerable difficulties in handling sudden crisis. Technological error demolishes the entire operation process. Christ and Burritt (2013) opined that employees belonging to different geographical boundaries are associated with the business organization. They may not be flexible enough in operating the advancement of technology. In this kind of situation, people have to face innumerable barriers in dealing with the business experts effectively. If they are not flexible, enough in handling advanced technological process employees fail to express their problems due to language barrier, psychological barrier, religious barrier and cultural ba rrier. However, this particular opinion has been strongly disagreed by some of the eminent scholars. Zeynep Ata and Toker (2012) stated that after the implementation of accounting software the finance executives are successfully able to maintain entire internal organizational record perfectly. As a result, employees are getting their justified remuneration package. They do not have to face any kind of problem regarding their remuneration package as the entire database is maintained with automation. Therefore, in order to overcome some of the major barriers in handling advanced technology the employees can be provided an effective training and development session. As opined by Spence and Rinaldi (2014), with the help of this specific training and development, session employees can get the scope to develop their technological skill and competency level. This specific study has primarily focused to show the positive impact of using accounting software in enhancing the entire business process. Research methodology: Research methodology is the systematic procedure of collecting necessary data and information by using some of the most effective tools. The primary aim of research methodology is to evaluate data and information after collecting from different resources. In this specific study, some of the major tools of research methodologies have been designed based on which necessary data and information are evaluated from different perspectives. In order to design the entire project the researcher intends to use some major tools and instruments for accomplishing the entire research issue properly. Research philosophy is the systematic procedure of evaluating data with the help of an acute observation. This specific study has focused to use positivism research philosophy in order to make a keen observation on the research issue (Wang Wang, 2012). For evaluating the impact of adopting accounting software on enhancing organizational performance the researcher needs to observe the issue for analyzing how much effectiveness accounting software is having in order to enhance the performance level of the organization. As per the belief of some of the positivists, observation can be repeated whereas phenomenon cannot be. Therefore, before making a conclusion about a particular research issue positivism research philosophy is very much important with the help of which research issue can be evaluated with the help of keen observation (Zehir et al., 2012). The primary purpose of research approach is to analyze the data and information by making a specific point of view. In this particular study the researcher has used deductive approach. The research issue that has been selected for this specific study is not inventive (Kanellou Spathis, 2013). Numerous researchers have already made an effective research work on this specific study. Therefore, deductive approach helped to evaluate data and information from different case studies. After analyzing the case studies of PWC it has been evaluated on how accounting software is having major impact in enhancing organizational efficiency as well as proficiency. In addition, in order to conduct the study the research has opted descriptive research design for interpreting the data from different perspectives (Shafer Moeller, 2012). With the help of positivism research philosophy, this specific study has focused to interpret necessary data and information by using descriptive form of research design. In addition, this specific research design is not very much cost effective. Data collection: Data collection method is the systematic procedure of gathering important information and data from different resources. Data collection procedure is primarily constituted with two major types including primary source of data collection and secondary source of data collection technique (Baxter et al., 2013). Primary source of data collection technique is able to communicate with the participants directly. The researcher gets the scope of getting an immediate feedback from the participants (Powell DiMaggio, 2012). In this specific study the researcher has used primary source of data analysis procedure. Quantitative form data analysis technique has been used by involving 50 participants. In addition, people would have to deal with the Sampling is the systematic procedure of gathering data and information from specific group of people among the large number of population. Sampling technique is constituted with two types including probability sampling technique and non-probability sampling technique. With the help of probability sampling technique the researcher focuses to collect data randomly (Mondal Ghosh, 2012). On the other hand, non-probability sampling techniques involves specific group of people for gathering their data and information. This particular study has focused to use non-probability sampling technique by using 50 respondents in order to gather data and information from a specific number of respondents. A set of survey questionnaires has been conducted with the help of hypothesis testing for evaluating necessary data and information. In order to conduct a particular research work every researcher has to follow a proper ethics, culture, values and beliefs. As per the ethical consideration researcher should maintain data protection act in order to protect the necessary data and information collected from various resources. The researcher cannot disclose necessary data and information in front of third party. On the other hand, ethical consideration believes that respondents should not be forced for providing necessary information. Response should be spontaneous. On the other hand, the data and information that are collected from different resources should have a proper authenticity. Data Analysis and Findings: How far do you agree that the accounting software will have an impact on the organizational efficiency? Options No. of response Percentage of the responses Total respondents Strongly agree 15 30% 50 Agree 16 32% 50 Neutral 5 10% 50 Disagree 9 18% 50 Strongly disagree 5 10% 50 Table 1: Impact of accounting software on the organizational efficiency The analysis of the data shows that the 30% of the respondents strongly agree that accounting software has an impact on the efficiency of the organization. Other respondents who have a similar thinking back these respondents and consist of 32% of the respondents. Thus, it can be said that the majority of the respondents are in agreement with the fact that accounting software have a lot of influence on the efficiency of the organization. How far do you agree that business organizations will have to face major challenges in implementing accounting software? Options No. of response Percentage of the responses Total respondents Strongly agree 10 20% 50 Agree 13 26% 50 Neutral 7 14% 50 Disagree 15 30% 50 Strongly disagree 5 10% 50 Table 2: Challenges faced by the business organizations in implementing accounting software The analysis of the data shows that the majority of the respondents agree that the business organizations face challenges in incorporating the accounting software in to the business model of the organization. However, there is no clear majority in the statistical data, which means that this factor will depend on the capital structure of the organization. The opinion of different organization will vary, as the infrastructure capabilities of different organizations are different. Thus, this shows that no clear implications can be deduced from this part of the data. How far do you agree that employees should have technological efficiency for operating in accounting software? Options No. of response Percentage of the responses Total respondents Strongly agree 15 30% 50 Agree 18 36% 50 Neutral 2 4% 50 Disagree 8 16% 50 Strongly disagree 7 14% 50 Table 3: Technological efficiency is required for operating the accounting software This part of the statistical analysis shows that the majority of the respondents believe that technological skills are required for operating the software in the market. 66% of the respondents strongly feel that the technological skill is required whereas 10% of the respondents are neutral about this question, which suggests that a significant amount of the population is not well versed in this software. However, this shows that use of accounting software has become more popular in the business industry. How far do you agree that accounting software helps to speed up the organizational operation? Options No. of response Percentage of the responses Total respondents Strongly agree 17 34% 50 Agree 11 22% 50 Neutral 6 12% 50 Disagree 9 18% 50 Strongly disagree 7 14% 50 Table 4: Accounting software helps to speed up the operation The majority of the respondents are in agreement with the fact that accounting software will help in speeding up of the operations in the organization. This shows that majority of the respondents have made use of the accounting software and it has provided them with positive results. Thus, it can be said that the popularity of the accounting software have increased significantly. This also shows that the respondents who are not in agreement with the question are the ones who have not made use of the accounting software. How far do you agree that accounting software tools are useful than the traditional accounting practices? Options No. of response Percentage of the responses Total respondents Strongly agree 13 36% 50 Agree 19 38% 50 Neutral 2 4% 50 Disagree 8 16% 50 Strongly disagree 8 16% 50 Table 5: Modern accounting software are useful than the traditional software The majority of the respondents feel that the modern accounting software are much better and efficient than the traditional methods of accounting. This software will help to save time, which in turn will help to improve the performance of the organization. 74% of the respondents have used the modern accounting software and the traditional methods and they are very much satisfied with the results that have provided to them. t-Test: Two-Sample Assuming Equal Variances 17 9 Mean 13.25 10 Variance 5.583333333 11.33333333 Observations 4 4 Pooled Variance 8.458333333 Hypothesized Mean Difference 6.6 df 6 t Stat -1.628986206 P(T=t) one-tail 0.077219458 t Critical one-tail 1.943180274 P(T=t) two-tail 0.154438915 t Critical two-tail 2.446911846 A two-sample t test has been conducted where the accounting software is the independent variable and the organizational efficiency is the dependent variable. The result from the t test shows that the p value is less than 0.05, which means that the means are not equal. The null hypothesis will be rejected in this scenario, as the value of significance is below the cut off value. This means that the alternative hypothesis for the test will be accepted and the alternative hypothesis states that Accounting Software has major impact in Enhancing Organizational Performance. Thus, from the primary analysis accounting the data it can be concluded that the modern accounting software will have significant impact on the growth and performance of the organization. Recommendations: After evaluating the entire study some of the major recommendations can be provided in order to overcome the challenges related to accounting software: It has been observed that large number of business organizations fail to afford sufficient technological equipments within the organization due to lack of proper revenue growth. In this kind of situation, it can be recommended that availability of technological equipments can make the employees more competent and skillful (Christ Burritt, 2013). As a result, organizations should enhance their technological equipment within the organization. In order to train the employees belonging to different geographical boundaries for developing their technological skill and competency organizations could have followed in implementing training and development session. In order to handle any kind of sudden technological barriers employees should be trained. Otherwise the entire process of business would lose its systematic flow (Zeynep Ata Toker, 2012). In this kind of situation, people belonging to different geographical boundaries can be provided an effective training process for improving the performance level of the employees. In addition, organizations are very much effective after getting a good support from the trained employees. In most of the cases it has been observed that employees belonging to different academic backgrounds become a major part of finance department. Those kinds of employees have to face innumerable barriers in maintaining a systematic database throughout the year. Therefore, it can be recommended that business experts could have hired those employees who are having sufficient knowledge and experience in handing financial calculation (Soudani, 2012). In addition, employees coming from finance backgrounds can also be given major priority in order to handle the entire process of business. Conclusion: This specific study has provided an in-depth overview about the importance of adopting accounting software on enhancing organizational performance. Throughout the entire study the researcher has critically evaluated on how organizational software is having major impact in enhancing the entire performance level of a specific organization. The business experts have to face some of the major challenges as well for implementing accounting software within the business organization. This specific study has highlighted to provide some of the major recommendations based on which the challenges can be overcome. Reference: Alipour, M. (2012). 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