Question 2: Write a description of the research problem you propose to investigate and explain
why you chose this topic.
Answer 2:
The research problem I propose is to evaluate the impact of accounting information on
the financial performance of a business. Specifically, this topic aims to explore the connection
between the effectiveness of communication control and the quality of accounting data within a
company and their effects on the organization’s financial performance. Accounting information is
the information and reports created by the business’s bookkeeping system, such as the balance
sheets, income statements, cash flows, and financial statements (Al-Zwyalif, 2018). An
organization’s financial conduct refers to the organization’s strength to create income, return on
finance, and gain.
The main purpose of this research paper is to analyze how accounting data impact the
organization’s performance in terms of finance. This study will analyze the connection between
financial performance and accounting information by focusing on the financial statements of a
sample of organizations across diverse industries (Hla & Teru, 2021). This research will
investigate the financial ratios of these organizations, such as liquidity, profitability, and
solvency ratio, to analyze how accounting data impact these issues.
I selected this topic since accounting data is important for the success of any
organization. This being an accounting class, understanding the importance of accounting
information in an organization will help me in the future whenever I want to set up or run a
business. With reliable accounting data, it can be easier for a person to make informed decisions
concerning business operations, financial strategies, and investments. By comprehending the
accounting information’s effects on business financial performances, the research will further
provide insights into how businesses can advance their financial results by implementing better
accounting practices.
The effectiveness of accounting information can vary widely across businesses.
Therefore I plan to address the existing information on accounting information by providing
empirical evidence on the effects of the information on financial data. I will employ qualitative
and quantitative data in this study, including interviews, surveys, and different financial data
from different organizations through sampling. I chose the topic because the findings of this
research would be important for policymakers, researchers, and practitioners interested in
advancing the financial outcome of their organizations.
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