Impact of COVID-19 on accountants services in Finland
Adel, Ajjawi (2022)
Adel, Ajjawi
2022
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2022112824387
https://urn.fi/URN:NBN:fi:amk-2022112824387
Tiivistelmä
This bachelor thesis is based on research, the author dealt with and Highlighted the most recent event that occurred during the past few years; it is COVID-19, and the impact it had on the ac-counting services of accounting companies located in Finland. The goal of this thesis is to study and figure out how accountants, their services and tasks got influenced by COVID-19 and what they have done to avoid possible challenges. The author of this thesis presented the impacts on accountants after the epidemic.
The theoretical framework included different accounting services done by accountants in different accounting companies, as well as remote working, its models, advantages, and disadvantages, and challenges faced by different accountants due to COVID-19 and remote work. Many possible aspects were taken into consideration and explained to cover the possible information needed and fulfill the purpose of the research.
In the empirical part, the research has one phase that included qualitative analysis of open questions as a research method used, face-to-face thematic interviews and questionnaires as data collection methods. The author used the qualitative approach and was able to deal with respondents from different accounting companies as well as freelance accountants and collected the data needed, analyzed them, and obtained satisfactory results for the investigative questions as well as the research question.
The outcomes of this thesis were satisfactorily met. The author succeeded in presenting the typical issues and events that occurred during COVID-19. In the result analysis section, it is explained in detail how accountants coped and adapted to this situation to provide continuity for their work in light of COVID-19. The impacts do not necessarily mean only negative, they can also be positive and negative, as indicated by the author in the results of this research. Moreover, it showed how accountants and their services got affected and what procedures and steps were taken to protect their profession and business during COVID-19, and thus the prosperity of their company.
As a result, workloads increased which increased income. Some difficulties in the completion of some accounting services appeared such as bookkeeping, financial statements, tax statements and tax returns due to the difficulty of obtaining data from customers. Usage of advanced and modern technologies to enable distant work and communication. Moving to remote work from home, had positive effects such as flexibility, freedom, productivity and efficiency have in-creased and saved more money and time. In addition, there were negative effects at the same time such as domestic distractions, social isolation, dependence on technology, high self-discipline required, stress and conflicts between personal and professional life. The conditions of health care were adhered to, and the precautionary measures imposed by the government, such as general closures and social distancing and other restrictions were applied.
The theoretical framework included different accounting services done by accountants in different accounting companies, as well as remote working, its models, advantages, and disadvantages, and challenges faced by different accountants due to COVID-19 and remote work. Many possible aspects were taken into consideration and explained to cover the possible information needed and fulfill the purpose of the research.
In the empirical part, the research has one phase that included qualitative analysis of open questions as a research method used, face-to-face thematic interviews and questionnaires as data collection methods. The author used the qualitative approach and was able to deal with respondents from different accounting companies as well as freelance accountants and collected the data needed, analyzed them, and obtained satisfactory results for the investigative questions as well as the research question.
The outcomes of this thesis were satisfactorily met. The author succeeded in presenting the typical issues and events that occurred during COVID-19. In the result analysis section, it is explained in detail how accountants coped and adapted to this situation to provide continuity for their work in light of COVID-19. The impacts do not necessarily mean only negative, they can also be positive and negative, as indicated by the author in the results of this research. Moreover, it showed how accountants and their services got affected and what procedures and steps were taken to protect their profession and business during COVID-19, and thus the prosperity of their company.
As a result, workloads increased which increased income. Some difficulties in the completion of some accounting services appeared such as bookkeeping, financial statements, tax statements and tax returns due to the difficulty of obtaining data from customers. Usage of advanced and modern technologies to enable distant work and communication. Moving to remote work from home, had positive effects such as flexibility, freedom, productivity and efficiency have in-creased and saved more money and time. In addition, there were negative effects at the same time such as domestic distractions, social isolation, dependence on technology, high self-discipline required, stress and conflicts between personal and professional life. The conditions of health care were adhered to, and the precautionary measures imposed by the government, such as general closures and social distancing and other restrictions were applied.