The challenges of digital accounting systems in the South African telecommunications industry
Orientation: The research is centred on the challenges of digital accounting systems in the evolving technological landscape and their role in the economic development of emerging markets such as South Africa. Research purpose: The purpose of this article is to provide a thorough analysis of the ch...
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| Format: | Article |
| Language: | English |
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AOSIS
2025-03-01
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| Series: | Journal of Economic and Financial Sciences |
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| Online Access: | https://jefjournal.org.za/index.php/jef/article/view/1005 |
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| _version_ | 1850259733324234752 |
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| author | Aanisah Miller Vusani Moyo Daniel Schutte |
| author_facet | Aanisah Miller Vusani Moyo Daniel Schutte |
| author_sort | Aanisah Miller |
| collection | DOAJ |
| description | Orientation: The research is centred on the challenges of digital accounting systems in the evolving technological landscape and their role in the economic development of emerging markets such as South Africa.
Research purpose: The purpose of this article is to provide a thorough analysis of the challenges encountered by financial accountants employed in the telecommunications sector in their efforts to enhance the reporting and analysis of financial information by utilising advanced digital accounting technologies.
Motivation for the study: The aim of this study is to investigate challenges encountered in using digital accounting systems in the business operations of companies in the telecommunications industry in South Africa.
Research approach/design and method: The study employed a qualitative research methodology, wherein data were gathered through semi-structured interviews. Thematic analysis was employed as the analytical approach to examine the gathered data.
Main findings: Financial accountants lack adequate training to improve their proficiency in utilising modern technologies. Digital accounting systems are not regularly updated to improve financial reporting for accountants and align with complex International Financial Reporting Standards (IFRS). Financial accountants acknowledge the importance of cybersecurity; however, attending training to be aware of the associated threats is not mandatory, as these threats are not included in their Key Performance Indicators (KPIs).
Practical/managerial implications: Management should stay informed about emerging technologies in digital accounting systems that can enhance efficiency for financial accountants. Continuous support will facilitate the optimal utilisation of these digital systems, thereby improving organisational performance. This can be achieved by providing training and ensuring the availability of ongoing resources to assist financial accountants in overcoming challenges.
Contribution: This article explores the challenges financial accountants in the telecommunications sector encounter in their pursuit of using digital technologies to enhance their financial reporting and analysis efficiencies and effectiveness in their organisations. |
| format | Article |
| id | doaj-art-e20e404f6416469bb5e5660d2dde0409 |
| institution | OA Journals |
| issn | 1995-7076 2312-2803 |
| language | English |
| publishDate | 2025-03-01 |
| publisher | AOSIS |
| record_format | Article |
| series | Journal of Economic and Financial Sciences |
| spelling | doaj-art-e20e404f6416469bb5e5660d2dde04092025-08-20T01:55:48ZengAOSISJournal of Economic and Financial Sciences1995-70762312-28032025-03-01181e1e1610.4102/jef.v18i1.1005528The challenges of digital accounting systems in the South African telecommunications industryAanisah Miller0Vusani Moyo1Daniel Schutte2School of Accounting Sciences, Faculty of Economic and Management Sciences, North-West University, PotchefstroomDepartment of Accountancy, Faculty of Commerce, Management and Law, University of Venda, ThohoyandouSchool of Accounting Sciences, Faculty of Economic and Management Sciences, North-West University, PotchefstroomOrientation: The research is centred on the challenges of digital accounting systems in the evolving technological landscape and their role in the economic development of emerging markets such as South Africa. Research purpose: The purpose of this article is to provide a thorough analysis of the challenges encountered by financial accountants employed in the telecommunications sector in their efforts to enhance the reporting and analysis of financial information by utilising advanced digital accounting technologies. Motivation for the study: The aim of this study is to investigate challenges encountered in using digital accounting systems in the business operations of companies in the telecommunications industry in South Africa. Research approach/design and method: The study employed a qualitative research methodology, wherein data were gathered through semi-structured interviews. Thematic analysis was employed as the analytical approach to examine the gathered data. Main findings: Financial accountants lack adequate training to improve their proficiency in utilising modern technologies. Digital accounting systems are not regularly updated to improve financial reporting for accountants and align with complex International Financial Reporting Standards (IFRS). Financial accountants acknowledge the importance of cybersecurity; however, attending training to be aware of the associated threats is not mandatory, as these threats are not included in their Key Performance Indicators (KPIs). Practical/managerial implications: Management should stay informed about emerging technologies in digital accounting systems that can enhance efficiency for financial accountants. Continuous support will facilitate the optimal utilisation of these digital systems, thereby improving organisational performance. This can be achieved by providing training and ensuring the availability of ongoing resources to assist financial accountants in overcoming challenges. Contribution: This article explores the challenges financial accountants in the telecommunications sector encounter in their pursuit of using digital technologies to enhance their financial reporting and analysis efficiencies and effectiveness in their organisations.https://jefjournal.org.za/index.php/jef/article/view/1005accountingbusiness supportcybersecuritydigital accounting systemfinancial accountantstelecommunication. |
| spellingShingle | Aanisah Miller Vusani Moyo Daniel Schutte The challenges of digital accounting systems in the South African telecommunications industry Journal of Economic and Financial Sciences accounting business support cybersecurity digital accounting system financial accountants telecommunication. |
| title | The challenges of digital accounting systems in the South African telecommunications industry |
| title_full | The challenges of digital accounting systems in the South African telecommunications industry |
| title_fullStr | The challenges of digital accounting systems in the South African telecommunications industry |
| title_full_unstemmed | The challenges of digital accounting systems in the South African telecommunications industry |
| title_short | The challenges of digital accounting systems in the South African telecommunications industry |
| title_sort | challenges of digital accounting systems in the south african telecommunications industry |
| topic | accounting business support cybersecurity digital accounting system financial accountants telecommunication. |
| url | https://jefjournal.org.za/index.php/jef/article/view/1005 |
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