Hallo Money and its impact on the on the accounting workplace Essay

Hallo Money and its impact on the on the accounting workplace - Essay idealMake sure it is either about to happen or is just getting underway. Be specific. Answers such as technology will earn you a failing grade on this essay. WORKPLACE CHANGE Hallo Money and its impact on the on the accounting workplace how-dye-do Money is a unsettled baking armed service that al pocket-sizeds Barclays bevel customers to carry out execute financial transactions by using mobile devices such and personal digital retainer or mobile phone (Barclays, 2012). It is worth noting that Hello Money, like other mobile banking services, is different from the mobile payments, which entail the use of the mobile devices to pay for goods. Hello Money is performed through mobile web or SMS. The service has been particularly facilitated by the evolution of an array of technologies, such as smart phones and web ground technologies, which create the allowance for installation of special features that support mob ile banking. Currently, the popularity Hello Money continues to grow as many customers are increasingly using it. Its safe implementation implies the adoption of the automated accounting systems and this would significantly change the way accountants work. 2. Identify a primary(a) and secondary stakeholder and explain why they qualify as stakeholders. Use the Choosing a Stakeholder Decision Matrix, located in Lesson 15, to identify a high influence/high importance stakeholder, as well as a secondary stakeholder who is either high influence,/low importance, or low influence/high importance. ... These have been pivotal in making the crucial decisions about Barclays Bank (Barclays, 2009). They have been behind the full implementation of the Hello Money mobile banking service. These stakeholders are high influence/low importance. SECONDARY STAKEHOLDERS my secondary stakeholder is Mr. Harold, a windup friend and an accountant at one of the Barclays Bank local branches. Mr. Harold has a lot to gain or lose from the introduction of the Hello Money service because the service prompt adjustments in the accounting systems. Mr. Harold does not have an authority to make decision for Barclays Bank, yet he is important to the tights operations. Mr. Harold is high importance/low influence stakeholder. 3. Describe the vested interest of these stakeholders in the issue you chose. Explain any current events or trends that may be currently affecting your stakeholders interests. This is the interests of the primary stakeholders, who include the senior managers and the executive committee members, is to enable the firms reach great heights of success. These vested interests have been informed by various advantages associated with mobile banking. First, mobile banking is expect to cut down the costs of service delivery to customers. For instance, it has been cited that the costs of conducting a mobile transfer is cheaper than teller transfer by about fifty multiplication and AT M transfer by about ten times (Delloitte 2010 p 4). In addition, they are convinced that mobile banking comes with a lot of flexibility, both to customers and the firm itself. For instance, the service makes it easy for the bank to combine and sell other services and products that are offered in the bank, such as credit cards and loans, with relative ease.