Project Context and Proposal Name of Student: Saurabh Bammi Student Number:S0280854.. Table of Contents Assessment 1 3 Project Context 3 Recognition and evaluation of the future profession 3 Critical review on understanding of becoming a professional accountant 4 Project Proposal 4 Working Title of the Project 4 Background 4 Problem Statement 4 Justification of the identified problem relevance to the accounting profession 5 Research Questions 5 Aims and objectives of the research 5 Critical Literature Review 5 Research Methodology 6 Research Philosophy 6 Research Approach 6 Research Design 6 Sources of the data for the study 6 Data Interpretation Technique 6 Organization Project 7 Timeline- Gantt chart 7 Reference List 9 Assessment 1 Project Context Recognition and evaluation of the future profession In this section, the function of professional accountant is mentioned as it refers to the interest of a business holder of a company where the stakeholders are the owner in that public corporation. Professional accountants plays major role in the accounting firm as they have the required knowledge regarding financials in the firm (Simkin, Norman & Rose, 2014). I have an interest to take up profession of an accountant as my career. The reason behind taking up this career is that professional accountant uses the essential skills and explains their understanding of the Business together with the surroundings where the trade actually operates. As far as proficient training in accountancy is concerned, the training will help me in adopting a realistic and purpose approach for resolving various issues. Professional training in accountancy such as Financial Accounting Taxation, Law and principles as well as administration of commerce andintegratedsecretarial Systems (Robey & Boudreau, 2016) By taking the career as professional accountant in future, I will be able to assist companies for designing their corporate strategy as well as providing advice on how to reduce cost and improve in the top line and mitigating the risk as far as possible. I will be taking up the accounting coursesin future as these courses can assist me in resolving the issues on matters relating to legislation, technological changes as well as complex regulatory directives standard. After taking up the courses, I can become accounting professional where I will be given opportunity for handling financial accounting where I will deliver report based on economic performance and financial condition of that given economy. Addition to that, I will be able to handle various tasks in relation to bookkeeping as well as preparation of reports at the same time. I have taken up the accounting course as it will give me knowledge on managerial accounting that can equip me with the requisite skills in handling the activities like report forecasting, budget preparationand consolidationreports . It is essential for the professional accountant to poses the required skills and knowledge so that they become a successful accounting professional in the near future (Nicolaou, 2015). The accounting sector in Australia have been regulated and accredited by three professional units such as Institute of Public Accountants, Institute of Chartered Accountants of Australia and CPA Australia. In order to become CPA or ICAA, Bachelor degree in accounting is required. In order to become IPA, Diploma in accounting is required. The accountant must have the tertiary qualification that will help them in operating in the future for getting qualified for generation of financial reports where the reports needs to be signed by a qualified accountant who is accredited by any of the above mentioned professional units (Merchant, 2013). In order to become a professional accountant, I need to have essential knowledge for operating with numbers, excellent skills of organization as well as strategic bent of min and understanding of strong ethics. I need to have excellent understanding on accounting as it will help me for becoming a successful professional accountant for well-known business organization. Critical review on understanding of becoming a professional accountant In order to become future professional accountant, it is essential for the individual to gain proper insights on process for governing performance of a company, process of appointing Chief Executive and determining the compensation of the management (Marshall, Curry & Kawalek, 2015). Becoming a successful accountant professional is not an easy task and requires the understanding of process for creating and driving the strategic direction for any accounting firm by way of interpreting the information. It is the professional accountant who is responsible for delivering independent assurance in case of any operational process in a business association. By critically assessing the future profession of accountant, it can be stated that the versatile role of specialized accountant actually comprehend the duty of business by protecting the interests of the public. It is essential for the people for possessing high level of confidence in the financial data that is generated by the financial professionals in various business structures (Ismail & King, 2014). Project Proposal Working Title of the Project The selected title of the project is “Effect of Accounting Information System design of a business organization”. Background There are various accounting methods that are used and considered as one of the efficient tool for enumeration of performance management and evaluation (Hopwood, 2015). With the enhancement of globalization in business, it is noted that the international financiers is in need for accessing the vital financial information that can be found from harmonized methods of accounting and procedures. Previous studies reveal the fact that the internal efficiency actually enumerates the various accounting indicator that relies upon the specified financial situations, capitalization methods after adopting standards. As far as accounting mechanism is concerned, it acts as an effective tool that is used for measuring the level of performance and evaluating measures of a company. It may happen that the system of accounting gets affected by diverse aspects as well as use of models of accounting. Addition to that, Accounting is a social science that relates with the complex trade environment that is inclined to the peripheral influences in the situation. Problem Statement Proper use of accounting information system can be easily customized by meeting the changing needs of the business as well as act as a significant tool that guarantees success of a business enterprise. Assessing ways for identifying various issues as well as challenges actually balances use of accounting information systems (Haislip, Peters & Richardson, 2016). Justification of the identified problem relevance to the accounting profession Accounting information systems actually helps in identifying various issues as well as needs that aim at meeting the challenging requirements in a business enterprise. Issue identification actually simplifies the accounting system design. It happen that management such as professional accountants actually remains anxious towards simplifying the concept of accounting system (Gordon & Narayanan, 2014). Simplification of accounting information system will help the end financial users for gaining financial information in a diverse work environment. Hence, it is necessary for the accounting professionals for understanding the concept of accounting information system as it will enhance the business functions in the most appropriate way. Research Questions 1. What is the impact of various factors of accounting information systems on business that affect the operations prevailing in the organization? 2. What is the role of accounting information systems that designs in the business organization? 3. How accounting information system design that affects the operational aspects within a business organization? 4. What are the various challenges that are faced by an organization while implementing accounting information system? Aims and objectives of the research • To find out the actual impact of various factors of accounting information systems that is designed for operating in a given business situation • To highlight the role of accounting information systems in business organization • To bring out the ways that challenges any business organization at the time of implementing accounting information system (Galliers & Leidner, 2014) Critical Literature Review As rightly put forward by Argyris (2016), Accounting Information System is one of the system that help in collecting, storing as well as processing of monetary and secretarial data that can be used by the resolution makers. This is computer-based technique for tracking the main secretarialaction aligning with the information technology possessions. Addition to that, financial reports can be efficiently used by the organization either internally or externally by interested parties such as tax authorities, investors and creditors. AIS is designed that supports accounting functions as well as activities that takes into consideration auditing, managerial accounting and financial reporting systems (Apostolou et al., 2014). Most of the large and SMEs are now finding ways for adopting cost efficient cloud-based secretarial information system in the recent times. There are several steps that need to be undertaken while implementing the accounting information systems. The first step is detailed requirement analysis where the individuals are interviewed. The next step is systems design where analysis will be reviewed and there will be creation of new system. Most of the AIS professionals are working in the consulting firms, large corporations as well as public accounting firms and financial firms. With the technological advancement, it is noted that traditional accounting actually had been shift to practice of accounting information system. It is thereby understood that accounting as well as information technology professionals are operational together on the new instructions and business practices (Eppler & Mengis, 2014). Research Methodology Research Philosophy In this particular project proposal, being a researcher I will be using Positivism research philosophy over Interpretivism and Realism. The reason behind use of Positivism Philosophy is asserting the authentic knowledge that reveals the truth and originated from derived knowledge (Dillard, Yuthas & Baudot, 2016). Research Approach In this particular project proposal, I will be using deductive approach over inductive approach. This is because of the fact that deductive approach will be employed for the current research study and deduced from past relevant journal articles aligning with the research topic (Dillard & Yuthas, 2013). Research Design In this given project proposal, I will be using descriptive investigation over exploratory investigation and explanatory investigation. This is because I will beconducting an in-depth analysis from the secondary sources of information. Sources of the data for the study I will be using secondary sources of information from peer-reviewed journal articles, academic books and authentic websites for the particular research proposal. Data Interpretation Technique I will be using qualitative data that is used at the time of initiating an enquiry into the motive behind human performance (Baskerville & Wood-Harper, 2016). Organization Project Timeline- Gantt chart Activity/Duration Start Date Duration (days) End date Searching for a proper research topic 23/03/2017 5 28/03/2017 Analysing the background information 29/03/2017 2 31/03/2017 Problem identification 01/04/2017 2 03/04/2017 Refining the selected topic 04/04/2017 2 06/04/2017 Thoroughly studying the academic literature 07/04/2017 2 09/04/2017 Development of data collection mechanism 10/04/2017 2 12/04/2017 Establishment of the research methodology 13/04/2017 2 15/04/2017 Presenting expected results 16/04/2017 1 17/04/2017 Presentation of rough drafts 18/04/2017 1 19/04/2017 Consultation with supervisor 23/03/2017 27 19/04/2017   Reference List Apostolou, B., Dorminey, J. W., Hassell, J. M., & Rebele, J. E. (2014). A summary and analysis of education research in accounting information systems (AIS). Journal of Accounting Education, 32(2), 99-112. Argyris, C. (2016). Organizational learning and management information systems. Accounting, Organizations and Society, 2(2), 113-123. Baskerville, R. L., & Wood-Harper, A. T. (2016). A critical perspective on action research as a method for information systems research. In Enacting Research Methods in Information Systems: Volume 2 (pp. 169-190). Springer International Publishing. Dillard, J., & Yuthas, K. (2013). Critical dialogics, agonistic pluralism, and accounting information systems. International Journal of Accounting Information Systems, 14(2), 113-119. Dillard, J., Yuthas, K., & Baudot, L. (2016). Dialogic framing of accounting information systems in social and environmental accounting domains: Lessons from, and for, microfinance. International Journal of Accounting Information Systems, 23, 14-27. Eppler, M. J., &Mengis, J. (2014). The concept of information overload: A review of literature from organization science, accounting, marketing, MIS, and related disciplines. The information society, 20(5), 325-344. Galliers, R. D., & Leidner, D. E. (2014). Strategic information management: challenges and strategies in managing information systems. Routledge. Gordon, L. A., &Narayanan, V. K. (2014). Management accounting systems, perceived environmental uncertainty and organization structure: an empirical investigation. Accounting, Organizations and Society, 9(1), 33-47. Haislip, J. Z., Peters, G. F., & Richardson, V. J. (2016). International Journal of Accounting Information Systems. International Journal of Accounting Information Systems, 20, 1-15. Hopwood, A. G. (2015). Towards an organizational perspective for the study of accounting and information systems. Accounting, Organizations and Society, 3(1), 3-13. Ismail, N. A., & King, M. (2014). Factors influencing the alignment of accounting information systems in small and medium sized Malaysian manufacturing firms. Journal of Information Systems and Small Business, 1(1-2), 1-20. Marshall, B., Curry, M., & Kawalek, P. (2015). International Journal of Accounting Information Systems. International Journal of Accounting Information Systems, 19, 17-28. Merchant, K. A. (2013). The design of the corporate budgeting system: influences on managerial behavior and performance. Accounting Review, 813-829. Nicolaou, A. I. (2015). A contingency model of perceived effectiveness in accounting information systems: Organizational coordination and control effects. International Journal of Accounting Information Systems, 1(2), 91-105. Robey, D., & Boudreau, M. C. (2016). Accounting for the contradictory organizational consequences of information technology: Theoretical directions and methodological implications. Information systems research, 10(2), 167-185. Simkin, M. G., Norman, C. S., & Rose, J. M. (2014). Core concepts of accounting information systems. John Wiley & Sons.