Research in Accounting Practice Assignment

Research in Accounting Practice Assignment 2020

Question 1

The objectives of the research         

The main objective of this research study is to analyse the advantages of the new approach of allocating the new staff in the project.

This research is also aimed to analyse the problems that can be faced in the allocating the new staff in the project. At the same time, this research study will also indentify the strategies to improve the new approaches of allocating staff to the projects (Mackey and Gass, 2015).

Why a qualitative approach is more appropriate for addressing the research objectives

Qualitative approach is more appropriate for addressing the research objectives when in the research study needs to identify and analyse general population opinion, attitude, beliefs and views.

At the same time, qualitative approach is also helpful and effective to answer research question regarding the experience and perspective on the research topic.

As determined that the main aim of the research study is to identify and analyse the advantage, and issues about the in the allocating the new staff in the project. Hence, qualitative approach is suitable in this research study (Taylor et al., 2015).

The population from which participants will be selected

In order to accomplish this research objective, there is a need of the selecting the participants that can provide their views and opinion on the research topic question.

For this, the selected participants will be from the team members of the information technology.

It is because they have the sufficient knowledge and experience on the new approach of allocating the staff in the project (Flick, 2015 ).

How the sample size will be determined

In order to determine the sample size in the research, the research can estimate the minimum number of the participants that are required in the research study.

For this, the researcher can determine sample size by computing the minimum sample size that is needs to get the accurate result from the completion of the research study.

In the context of this research study, it is found that sample size 40 is enough to accurate result from research study (Vaioleti, 2016).

How the sample of participants will be selected from the population

In order to select the participants from the available population, it is determined that the research will take the help of the probability sampling method and non probability sampling method.

Probability sampling will allow the research to select the participant randomly as avoiding the issue of the biasness in the research.

At the same time, the non probability sampling method will allow the researcher to select the participant according some specific characteristics in the sampling. In this research, sample will be selected by the help of the probability sampling with randomly.

It is because it will avoid the issue of the biasness and male result more effective (Ledford and Gast, 2018).

How will the data be collected from participants

In order to collect the data, the researcher will take the help of the primary sources of the data collection.

In this, survey will be conducted by the researcher. In order to conduct the survey, the researcher will develop a set of the questionnaire in which it will include the various questions related to research topic.

In this, the researcher will send the questionnaire to the participants on their mail and receive the response in the same manner.

The research will maintain the collected data in the specific procedure (Weygandt et al., 2015).

Research question

Age

  • 18 – 30 years
  • 31 -40 years
  • 41 – 50 years
  • Above 5 years

Experience

  • 0-5 years
  • 6 -10 years
  • 11 -15 years
  • Above 15 years

 

Research objective 1

Do you think that new approach of allocating the staff in the project is effective to improve the company and employees’ productivity and performance?

  • Strongly Agreed
  • Agreed
  • Neutral
  • Disagreed
  • Strongly disagreed

 

Do you think that the new approach of the allocating the staff in the project is helpful for the employees to reduce the burden of the work?

  • Strongly Agreed
  • Agreed
  • Neutral
  • Disagreed
  • Strongly disagreed

 

Research objective 2

Do you think that application of new approach of allocating the employees in the project is required the specific training?

  • Strongly Agreed
  • Agreed
  • Neutral
  • Disagreed
  • Strongly disagreed

 

Please provide you views whether the new approach of the allocating the staff is not effective to develop the mutual understanding among the employees?

Strongly Agreed

  • Agreed
  • Neutral
  • Disagreed
  • Strongly disagreed

 

Research objective 3

Do you think that an effective training and development is helpful the overcome the issues in the new approach of the staff allocation?

  • Strongly Agreed
  • Agreed
  • Neutral
  • Disagreed
  • Strongly disagreed

 

Are you agreed that an effective planning as hire a suitable person at the required position is an effective strategy to improve the new approach to allocating staff to projects?

  • Strongly Agreed
  • Agreed
  • Neutral
  • Disagreed
  • Strongly disagreed

 

What steps should be taken to analyse the collected data?

In the research methodology, data analysis one of the significant process that allows the researcher to analyse the collected data.

In this, the researcher analyses the collected data and information in order to collect the valid and reliable outcomes and results.

However, in the researcher, a researcher can use the different techniques of the data analysis such as ontent analysis, statistical analysis, factor analysis, and cluster analysis, according the nature of the collected data.

In this research study, the researcher will analyse the collected data from the statistical data analysis method by the help of the MS Excel. In this process, the researcher will collected the data in excel sheet and prepare table and graph of the collected data.

At the same time, the researcher will see that accuracy and missing elements in the research. The selection of the statistic data analysis technique is helpful present the finding in the tabulation and graphical format (Noreen et al., 2014).

What are the possible limitations to applying the findings to the other divisions of the firm?

After the completion of the research on the effectiveness of the new approach of allocating the staff for the project, it can be said that there are some limitation due to this, findings cannot be applied on other divisions.

It is because there is no guarantee that it will be successful another division.

At the same time, the nature and business process in the each division is different so that company can face the issue in allocating the staff (Appelbaum, et al., 2017).

Question 2

Explanatory sequential mixed methods and exploratory sequential mixed methods

Sequential Explanatory Design – In this kind of the research design, quantitative data is collected from the help of qualitative research method.

The main aim of the kind of the research study is to make analyse, explain and interpret the findings from the quantitative phase.

This research design is used for those research questions that are helpful where is need to collect the quantitative data from the large group (Epure, 2016).

 

Sequential Exploratory Design – In this kind of the research design, qualitative data is collected. But, the main purpose of this research design is to develop a new theory and test the variables.

This research design is suitable for the research question where that aim of the researcher to explore the something new at the end of the research study.

 

 Question 3

Definition

The term managerial accounting depicts that is useful for the managers to identify, measure, analyse, interpreting and communicate the financial information in the company.

The main aim of the managerial accounting is to help the manager in the making the financial decision in the firm.

The managerial accounting is consistent with the financial accounting that has only aim to provide the financial information (Noreen et al., 2015).

Finding literature

Find four academic research articles

Two articles that use participants from for-profit sector organisations

Yin, H., 2007. The effect of changes in Federal funds rate target on bank stock returns in the USA.

The George Washington University. Available at: https://search.proquest.com/openview/262caa0e13f28fbc3316be884c6f92c8/1?pq-origsite=gscholar&cbl=18750&diss=y

Tayles, M., Pike, R.H. and Sofian, S., 2007. Intellectual capital, management accounting practices and corporate performance: perceptions of managers. Accounting, Auditing & Accountability Journal, 20(4), pp.522-548.

Available at: file:///C:/Users/admin2/Downloads/Intellectual_capital_management_accounting_practic.pdf

Two articles that use participants from not-for-profit sector organisations

Jones, M.J., 2010, June. Accounting for the environment: Towards a theoretical perspective for environmental accounting and reporting. In Accounting Forum (Vol. 34, No. 2, pp. 123-138).

Elsevier. Available at: http://modir3-3.ir/article-english/article63.pdf

 

Weygandt, J.J., Kimmel, P.D., KIESO, D. and Elias, R.Z., 2010. Accounting principles. Issues in Accounting Education25(1), pp.179-180. Available at: http://www.aaajournals.org/doi/pdf/10.2308/iace.2010.25.1.179?code=aaan-site

 

Identifying research approaches and designs

Article 1

The finding of this research study is based on the primary research study where the researcher is collected the data and information from the survey methodology under the quantitative research study (Yin, 2007).

Article 2

In the context of this article, it is found that the research study is based on the mixed research methodology in which the researcher used the both kind of the methodologies such as qualitative research study and quantitative research methodology.

In this research, the researcher conducted the survey from the 119 large companies and it also conducted the interview from their execuative to collect data and information (Tayles et al., 2017).

 

Article 3

In the context of this research study, it can be concluded that the researcher is used that qualitative research design in order to achieve the research aim and objective.

The researcher collected all the data and information from the previous researchers’ findings (Jones, 2010).

Article 4

The findings of this article is completely is based on the qualitative research study.

In this, researcher is collected all the data and information from the use of the secondary sources and analysed the collected data and information by the help of the content analysis method (Weygandt et al., 2010).

Summarising article findings

Article 1

The findings of this research study show that there is significant impact of the monetary share on the banks with the large size, low capital ratio and higher level of the growth.

It is also found that change in the policy also affect the share of the company in the stock market.

This finding of this research study is helpful for the investors, bank managers and financial institution (Yin, 2007).

Article 2

The finding of this research determines the some evolution in the management accounting activities for this companies that are investing in heavily in IC.

At the same time, the article also discussed about the further explored by the help of the interview as concerning the employees of the some companies (Tayles et al., 2017).

Article 3

In this, it is summarised that there is a need of the measurement of the system to identify the industry impact.

It also determines that there are also various implications from the acceptance of this theoretical model accountants and model.

It is also found that innovation and experimentation is required for the valuation system of the monetary and non monetary system (Jones, 2010).

Article 4

The finding of the research study shows that accounting is also significant at the workplace that are not based for the profitability.

But, at the each workplace, where transaction can be measured in the financial terms, accounting is essential to identify the value of the each accounts at the end of the year (Weygandt et al., 2010).

The unique features of the not-for-profit and the for-profit sectors

NatureProfit sectorNon Profit sector
PurposeThe main aim of the profit sector is to generate the profit and deliver the valuable service and product to the customersIt does not have aim to earn the profit, instead of this, non profit sector promote the social factors
FundingTo run the operation, profit sectors gets the fund from the investors, bank loan and personal wroth etc.Non profit sector manage the fund from the donation, corporate sponsorships and government grants.

 

 

Writing an argument

Messner (2016) argues of management accounting practice

The research study findings of Messner 2016 determine that in the profitability sector or in the profit based firms, the role of the accounting is very significant.

However, the practices of the accounting can be different according the nature of the industry type.

At the same time, the level of the standard application of the accounting standard can also be different according the size of the company.

Hence, it can be said that management accounting practice depends on the nature of the industry type.

According to Messner 2016, in the non profit organisation, the level of the standard applied of the accounting is not much important as concerning of the profit sector.

In this, it is also analysed that non profit organisation does not maintain the financial statements as profit and loss account because it has not aimed to earn the profit.

References

Appelbaum, D., Kogan, A., Vasarhelyi, M. and Yan, Z., 2017. Impact of business analytics and enterprise systems on managerial accounting. International Journal of Accounting Information Systems25, pp.29-44.

Epure, M., 2016. Benchmarking for routines and organizational knowledge: a managerial accounting approach with performance feedback. Journal of Productivity Analysis46(1), pp.87-107.

Flick, U., 2015. Introducing research methodology: A beginner’s guide to doing a research project. Sage.

Jones, M.J., 2010, June. Accounting for the environment: Towards a theoretical perspective for environmental accounting and reporting. In Accounting Forum (Vol. 34, No. 2, pp. 123-138). Elsevier. Available at: http://modir3-3.ir/article-english/article63.pdf

Ledford, J.R. and Gast, D.L., 2018. Single case research methodology: Applications in special education and behavioral sciences. Routledge.

Mackey, A. and Gass, S.M., 2015. Second language research: Methodology and design. Routledge.

Noreen, E.W., Brewer, P.C. and Garrison, R.H., 2014. Managerial accounting for managers. New York: McGraw-Hill/Irwin.

Tayles, M., Pike, R.H. and Sofian, S., 2007. Intellectual capital, management accounting practices and corporate performance: perceptions of managers. Accounting, Auditing & Accountability Journal, 20(4), pp.522-548. Available at: file:///C:/Users/admin2/Downloads/Intellectual_capital_management_accounting_practic.pdf

Taylor, S.J., Bogdan, R. and DeVault, M., 2015. Introduction to qualitative research methods: A guidebook and resource. John Wiley & Sons.

Two articles that use participants from not-for-profit sector organisations

Vaioleti, T.M., 2016. Talanoa research methodology: A developing position on Pacific research. Waikato Journal of Education12(1).

Weygandt, J.J., Kimmel, P.D. and Kieso, D.E., 2015. Financial & managerial accounting. John Wiley & Sons.

Weygandt, J.J., Kimmel, P.D., KIESO, D. and Elias, R.Z., 2010. Accounting principles. Issues in Accounting Education25(1), pp.179-180. Available at: http://www.aaajournals.org/doi/pdf/10.2308/iace.2010.25.1.179?code=aaan-site

Yin, H., 2007. The effect of changes in Federal funds rate target on bank stock returns in the USA. The George Washington University. Available at: https://search.proquest.com/openview/262caa0e13f28fbc3316be884c6f92c8/1?pq-origsite=gscholar&cbl=18750&diss=y

 

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