Impact of information technology on accounting and finance in the digital health sector

Abstract

Determination of the impact of information technology on the field of finance as well as accounting is the main aim of this research. The study in this research paper is based on secondary data analysis; this study was conducted in Pakistan to gather the research data using different websites including world development indicators and used financial reports of health sector companies. Information technology is the main independent variable; it includes scientific practices, business practices, and cultural practices; these are all independent variables. The accounting and finance included return on assets, return on equity, monitory unit policy, revenue remuneration, commercial mortgage, invoice financing, and pension-led funding. These are all considered dependent variables. For measuring the research study, E views software and run different results such as descriptive statistic, cross-covariance, unit root test analysis, and the histogram and state. The result presents that variance ratio analysis of each indicator's overall result found that there are positive and more significant influences of modern information technology on finance and accounting. Therefore, the technology that is playing a vital role in accounting and finance departments is information technology.