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ACC564 Innovative Technology Strayer University

This paper discusses the use of innovative technology in accounting practices at Strayer University.

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    Innovative Technology 1 ACC564 Innovative Technology Strayer University In your paper, you discuss various technological advancements that can be incorporated into an organization’s accounting information system, specifically focusing on the revenue cycle, expenditure cycle, human resource cycle, and financial reporting systems. Evaluate the potential benefits and challenges of implementing these technological changes across these areas. Additionally, explain how an organization can effectively manage employee resistance to change while balancing the need to stay competitive with technological advancements. Word Count Requirement: 900 - 1,200 words

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    Innovative Technology 2 Running Head: INNOVATIVE TECHNOLOGY Innovative Technology Angalo , Mubarak Strayer University ACC564 March 2013 Instructor: Dr. Daniel Acheampong Introduction The organizations around the world need to make sure that, they incorporate innovations in various areas within the organization. The areas in which, innovation needs to be there in the areas such as revenue cycle, expenditure cycle, human resource / payroll cycle and the financial reporting / general ledger system. The organization also needs to incorporate controls in the accounting information system in all these areas. It is expected that, the employees may resist the changes, therefore, the organization needs to ensure that, it has the procedures to ensure that, the employees accept the changes. The organization also needs to make the decision regarding the fact whether, it should be aggressive or cautious in making changes in its accounting information system. Technology Changes in Revenue Cycle There are few technological changes which can be incorporated into the revenue cycle of the organization. The first change will be the incorporation of the mobility solution. This particular solution will help will help the customers have the information available to them at their mobile devices (Hall, 2012). The second technological incorporation in the organizational revenue cycle will be regarding the ICD - 10 transition software. This particular

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