Highlights of Accounting Systems Research

The fourth part on Highlights of Accounting Systems Research is presented. When a firm publicly announces the use of outsourcing in the area of information technology (IT), the firm's short-term stock price is affected. Investors respond depending upon the transactional risk of the outsourcing...

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Bibliographic Details
Published in:Journal of Accountancy 2008-12, Vol.206 (6), p.86
Main Authors: Bolt-Lee, Cynthia, Moody, Janette
Format: Magazinearticle
Language:English
Subjects:
Accountants
Accounting
Accounting systems
College professors
Cultural differences
Data analysis
Data mining
Decision making
Enterprise resource planning
Information technology
Investments
Knowledge management
Management accounting
Management information systems
Outsourcing
Polls & surveys
Privacy
Software
Stock prices
Taxation
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Summary:The fourth part on Highlights of Accounting Systems Research is presented. When a firm publicly announces the use of outsourcing in the area of information technology (IT), the firm's short-term stock price is affected. Investors respond depending upon the transactional risk of the outsourcing and the vendor chosen to perform the work. In a survey of 274 chief information officers, researchers Grover Kearns and Rajiv Sabherwal examined the importance of coordinating business strategy with investments in IT to avoid costly mistakes. Their results showed the importance of centralized decision making and an organizational focus on knowledge management. IT investments continue to consume a large part of an organization's capital budget, and therefore call for a closer look at the best way to successfully implement and enhance their value to the organization. With technology supporting faster collection and cheaper data storage, the next concern is the privacy of confidential information.
ISSN:0021-8448
1945-0729